Transcript for 10-11-2018, 44 lines:
09:43:33 adlai: fluffypony: mmmaybe i need to study those details a little more, but my impression was that the entire construction (CT+RP) relies on lossy compression, and thus produces false positives with economically low probability.
14:09:55 assbot: Peter Todd sur Twitter : "The article starts with "There’s no out-innovating the regulatory reach of the U.S. Securities and Exchange Commission." and ends with admitting that had the creator been anonymous the SEC wouldn't have been able to do anything to them. https://t.co/PZF0IgOAcF" ... ( http://bit.ly/2OCbZRy )
15:12:59 funkenstein_: "The exchange, which is still operational in spite of the SEC describing Coburn as being cooperative..."
16:02:43 kakobrekla: he cant really stop it can he
16:48:50 funkenstein_: i don't know enough about how etherdelta works to answer that, but it seems if there's somebody making money running the exchange then there's somebody to go after and ask who's your roof, are you compliant
16:49:21 funkenstein_: there is a website, and somebody hosting it
16:50:32 kakobrekla: but that is the exact problem with 'company as a smart contract' the monetary incentives are fucked
16:50:47 kakobrekla: one can just deploy a copy of the service without fee
16:51:14 kakobrekla: i dont know about this particular case but i imagine there is nobody making money off it
16:52:27 kakobrekla: if someone cares enough they can look it up
16:52:31 funkenstein_: yeah probably, but it might just be that nobody bothered to deploy such a copy or people still use the original because of advertising
16:52:53 kakobrekla: as for website being hosted, isnt it a better idea to have a locally run opensource client
16:53:33 funkenstein_: also in genre: https://news.bitcoin.com/decentralized-exchange-idex-to-introduce-full-kyc/
16:53:49 funkenstein_: kakobrekla, yes i would certainly agree
16:54:11 kakobrekla: lol the guy on the link looks amptly not amused
16:55:39 funkenstein_: yeah seems an odd stock photo
16:55:45 funkenstein_: more like the chess championship
16:56:34 kakobrekla: anyway, i visited a talk at local tech institute, some cia guy came to explain how terrorist failed to collect any money and how they are not sure if those are terrorist or scamers pretending to be terrorist
16:57:21 funkenstein_: lol, makes sense
16:57:29 funkenstein_: they would do better impersonating the SEC
16:58:35 kakobrekla: and it came to mind, if the regulatory bodies are not going to discriminate between different currencies based on the privacy properties that are facilitated, bitcoin as-is is not in the best spot
16:59:17 funkenstein_: how so?
17:00:33 kakobrekla: well every blighchain would get the regulatory downside, not every blingchain has the anonymity upside
17:00:45 kakobrekla: bligh=bling
17:04:22 funkenstein_: could be, i'm still not sure what either of these upsides and downsides really are. coinjoin and stealth addresses still work if we need them
17:04:50 funkenstein_: just a pain in the ass for some blingchains
17:06:11 funkenstein_: speaking of blingchain, the chinese word for blockchain 区块连 is kinda nice because for "block" it uses something more like "lump" which is the measure word for money..
17:06:15 funkenstein_: so it's more like blingchain
17:06:35 kakobrekla: well coinjoin.... i tried it acutally. ran a node for a while. besides having a fucked up implementation (inserting adlais 'well its open, go fix it') its also not at the protocol level, which makes it more like an emergency quickfix without any guarantees
17:07:33 funkenstein_: sounds a bit risky, how did it work out?
17:09:02 kakobrekla: well i ended the experiment of mixing mixing my coins with coins connected to the 500 usd reward that scammer terrorists collected
17:10:43 kakobrekla: i know that in theory bitcoin is fungible, in practice less than paper money.
17:10:56 kakobrekla: you dont have to be a fucking genius to gather that much.
17:11:28 funkenstein_: indeed
17:13:08 funkenstein_: a good colored coin protocol can match basically all the stuff people want from an ERC20 token
17:14:56 kakobrekla: i dont think i even see the case for erc20 tokens
17:16:04 funkenstein_: yeah well that's another argument, but we can agree many people do want to issue them
17:16:46 funkenstein_: you mean the case for blockchain tokens in general or specifically that platform?
18:14:07 kakobrekla: oh i actually have not seen this 'full' version before
18:19:49 kakobrekla: kinda sucks, pain is permanent.