-
volantaryism1[m]
There are 900 new bitcoins mined every day, so far only 1200 bitcoins are locked on the btc lightning network - 0.005743% of the total supply
-
volantaryism1[m]
The liquid network is literally a dead chain, i looked om a block explorer yesterday and say 3 transactions over the whole hour
-
selsta
liquid is something else I think
-
selsta
unrelated to lightning
-
volantaryism1[m]
selsta: liquid is meant to be a sidechain
-
selsta
i don't know if lightning will end up working / getting adopted
-
selsta
but if it does it would make sense for monero to also have it
-
volantaryism1[m]
Layer 2 solutions have not been adopted after years of existing on the pne chaim that does need it
-
volantaryism1[m]
Monero can scale
-
volantaryism1[m]
* Layer 2 solutions have not been adopted after years of existing on the one chaim that does need it
-
volantaryism1[m]
Monero can scale
-
volantaryism1[m]
* Layer 2 solutions have not been adopted after years of existing on the one chain that does need it
-
volantaryism1[m]
Monero can scale
-
anon_82641[m]
I think the farcaster team brought up lightning for the purposes of xmr / btc swaps
-
anon_82641[m]
Defi will be built out on lightning also
-
volantaryism1[m]
Monero fees drop with increased blocksize anyway
-
apotheon
Something lightninglike could be useful some day, for (perhaps) different reasons than Bitcoin needs it, but it doesn't seem to be a concern yet, and probably needs greater practical adoption to be useful anyway.
-
apotheon
I suspect anything like that would need to be implemented differently by then, in any case.
-
anon_82641[m]
This is the background to the question
-
anon_82641[m]
-
apotheon
Hm, yeah, the alternate implementation ideas thing is probably important for that very reason.
-
Elon_Sat0shi
How would the Monero network react if Monero usage suddenly exploded to that of Visa or Mastercard?
-
volantaryism1[m]
Plan99.net/~mike/satoshi-emails/thread1.html
-
apotheon
Elon_Sat0shi: auto-adjustment in block size and so on
-
apotheon
and hash rate
-
apotheon
et cetera
-
volantaryism1[m]
Satoshi - btc can scale to visa levels with 2008 hardware
-
volantaryism1[m]
I think monero is fine
-
apotheon
volantaryism1[m]: nice reference
-
Elon_Sat0shi
I didn't get the reference
-
apotheon
-
volantaryism1[m]
Its a archive of email correspondance of satoshi - he directly says that scaling is no issue
-
apotheon
search for "Visa"
-
BigBoiiMike1
damn i timed out
-
volantaryism1[m]
The idea that cryptos cannot scale on layer 1 is gas lighting left over from the btc blocksize wars
-
Elon_Sat0shi
Huh. If scaling is no issue, I wish they would scale. Bitcoin fees suck.
-
Elon_Sat0shi
I'm sure the Bitcoin devs will get around to it... one of these days
-
volantaryism1[m]
Elon_Sat0shi: read about the bitcoin blocksize wars if you werent around then
-
Elon_Sat0shi
alright
-
floam412
yeah, if they *wanted* to do it and it proved valuable to the chain, they'll get around to it... soon^tm
-
apotheon
I'm still not clear on the motivations to do things the way they did. I imagine it probably had something to do with wanting to pump the price without relying on use as an actual currency, but I guess I haven't thought through the implications of the resulting decisions enough.
-
apotheon
(in BTC, I mean)
-
nioc
volantaryism1[m]> Satoshi - btc can scale to visa levels with 2008 hardware <<>>> lololololol
-
nioc
it can't scale on 2021 hardware
-
nioc
nor can monero
-
apotheon
That's a matter of weird engineering decisions in the blocksize wars rather than the limitations of BTC per se, though.
-
apotheon
I also don't know the actual comparison between transaction frequency on the BTC blockchain and transaction frequency of (2008) Visa.
-
volantaryism1[m]
Pi 4s can handle 256mb btc blocks without giving out (see bch testnet)
-
apotheon
That might be relevant.
-
apotheon
Yeah, BCH seems to be doing okay.
-
apotheon
I'm pretty sure Satoshi didn't expect what's happening today.
-
volantaryism1[m]
<apotheon "I also don't know the actual com"> Crypto is a competitor to visa when it comes to online payments i guess
-
apotheon
Maybe I'm mistaken about something in this estimation of mine, though.
-
Elon_Sat0shi
Maybe if Monero gets to where everyone is using it, the deflation will encourage people to not spend it a lot
-
apotheon
I wonder whether there's a Nakam0to_Musk out there somewhere.
-
Elon_Sat0shi
I've used Musk_Nakamoto as an alternative username
-
apotheon
I see.
-
volantaryism1[m]
apotheon: i even saw that someone in bcash community designed a cheap chip that fits into the m2 slot that is specifically built for verifying transactions
-
apotheon
Maybe Nakamot0_Musk would be better than Nakam0to_Musk.
-
volantaryism1[m]
It would verify around 1million txa per second
-
Elon_Sat0shi
Also my nick is Sat0shi not Satoshi because #bitcoin bans anybody with "Satoshi" in their username
-
volantaryism1[m]
* It would verify around 1million txs per second
-
apotheon
volantaryism1[m]: interesting
-
Elon_Sat0shi
Because of people trying to claim they're actually Satoshi Nakamoto. (I'm not Satoshi)
-
volantaryism1[m]
It was pretty cheap too at around less than 50$ in parts
-
volantaryism1[m]
You could probably build an asic to verify that could verify the monero blockchain in seconds
-
apotheon
Elon_Sat0shi: Are you Elon Musk?
-
Elon_Sat0shi
No, I'm not Elon Musk, either.
-
apotheon
If so, I was going to ask why Tesla isn't all-in on Monero.
-
Elon_Sat0shi
Actually, Elon and Satoshi got into a transporter accident that fused them into me, Elon Satoshi. Please help me, Janeway wants to kill me.
-
apotheon
Someone stop Janeway!
-
Elon_Sat0shi
r/JanewayDidNothingWrong
-
Elon_Sat0shi
or something like that
-
apotheon
It was a very complicated transporter accident. I'm Nakamoto_Sisko.
-
Elon_Sat0shi
Where's Guiker?
-
apotheon
Actually, I'm kidding.
-
apotheon
I'm Nakamoto Garak.
-
Elon_Sat0shi
I know, you're actually Captain Jean-Luc Buterin right?
-
apotheon
Elon_Sat0shi: No, definitely a simple tailor.
-
apotheon
Garak Bigend
-
Elon_Sat0shi
Oh okay. But are you friends with Julitalik Bushirin?
-
apotheon
wow
-
apotheon
I need to go before I get twisted in name-knots. Meatspace calls.
-
Elon_Sat0shi
lol
-
apotheon
Garak Mencken.
-
apotheon
signing off
-
volantaryism1[m]
Satoshi this satoshi that... the real question who is nicolas van saberhagen lol
-
Elon_Sat0shi
I'm reading
afrikaiswoke.com/bitcoin-the-block-size-wars and how would a larger block size make Bitcoin centralized?
-
Elon_Sat0shi
And is it a concern with Monero?
-
volantaryism1[m]
<Elon_Sat0shi "I'm reading
afrikais"> Its actually the opposite, small blocks force people off chain onto custodial networks to avoid the sky high fees...
-
Elon_Sat0shi
lol
-
volantaryism1[m]
Do you think coinbase would be worth so many billions if people could afford to take their bitcoin off it and actually use it?
-
Elon_Sat0shi
I hope Kraken is better, I was thinking about buying monero there
-
Elon_Sat0shi
Wikipedia says Kraken is actually a bank
-
selsta
There are also risks if the block size is too high.
-
Elon_Sat0shi
Not sure if that makes any difference though (that Kraken is a bank)
-
Elon_Sat0shi
What are the risks of high block size?
-
selsta
It's more nuanced than large block size = good
-
Elon_Sat0shi
Can you ELI5?
-
volantaryism1[m]
selsta: such as?
-
Elon_Sat0shi
What volantaryism1[m] said
-
selsta
it becomes more difficult for low powered nodes to stay in sync with the network, running a node behind Tor might also become an issue. AFAIK also higher block orphan rate etc.
-
Elon_Sat0shi
Oh okay
-
selsta
especially due to the lower block time in monero
-
selsta
I like monero's approach. We will see how it turns out in practice.
-
volantaryism1[m]
selsta: the network doesnt need to accomodate people running nodes on devices with less processing power than a fridge
-
Elon_Sat0shi
I bet fridges have better processing power than old DOS laptops
-
selsta
You want as many nodes as possible and not only high powered ones in centralized data centers / AWS
-
selsta
monero already had to deal with Sybil attacks
-
selsta
Obviously there has to be a balance. Bitcoins approach is too conservative IMO.
-
selsta
But just throwing large blocks at it also isn't the solution to all problems.
-
volantaryism1[m]
It literally is
-
volantaryism1[m]
The idea that consumer hardware cannot handle large blocks is gaslighing at best and a flat out lie at worst
-
selsta
We don't need raspberries to run nodes
-
homeserverearth[
Does Oxen have superior privacy to Monero?
-
selsta
no
-
Elon_Sat0shi
Is Oxen new? I would say that Monero is more battle tested, even if Oxen has some interesting ideas. Do you think Oxen might have superior privacy to Monero? In what way?
-
selsta
Oxen is a monero fork with masternodes
-
Elon_Sat0shi
Ohh, it used to be called Loki
-
Elon_Sat0shi
I've heard of Loki/Oxen before
-
Elon_Sat0shi
I thought the Session messenger was interesting. I never got around to trying out Lokinet (now called Oxennet??)
-
Elon_Sat0shi
Perhaps they rebranded because Loki is a trickster god lol
-
Elon_Sat0shi
Would you count a Raspberry as contributing to Monero if it were mining on a small pool?
-
selsta
Raspberry mining is useless due to missing hardware AES
-
Elon_Sat0shi
ah okay
-
Elon_Sat0shi
Would it be possible to make a pool server that somehow proxies to mining other pools? You could make a roundabout mining pool that mines on multiple random pools
-
philkode
Elon_Sat0shi: there are already mining proxies, see
github.com/xmrig/xmrig-proxy
-
philkode
i dont know if it has functionality to switch between pools
-
philkode
but it's open source so someone could fork it to add that functionality
-
Elon_Sat0shi
I thought xmrig-proxy was just some control system for multiple xmrig instances
-
Elon_Sat0shi
Ooh maybe xmrig itself could be forked to add functionality for multiple pools
-
Elon_Sat0shi
No pool proxy server needed
-
Elon_Sat0shi
but... then each pool is going to have their own balance and their own minimum withdrawal that will never be reached
-
Elon_Sat0shi
Unless there were some way for these pools to federate to have a shared account among them
-
philkode
i've never used it but if i understand correctly xmrig is a proxy for any miner using the stratum protocol, not necessarily just xmrig
-
philkode
but i could be wrong
-
philkode
and yeah you'd probably just want to pick a handful of proxies to rotate between to make sure you actually reach minimum withdrawal amounts
-
philkode
a handful of pools even
-
Elon_Sat0shi
What is this stratum protocol?
-
Elon_Sat0shi
Oh, just a protocol for mining?
-
philkode
yeah pretty much, protocol for pooled mining
-
philkode
originally developed for BTC i think, but also adapted to other coins
-
yanmaani
volantaryism1[m]: that depends on how large
-
yanmaani
consumer hardware cannot handle 1 TB blocks, obviously
-
talos
if one runs a local node via the gui wallet, without mining, then is one helping the monero network?
-
selsta
talos: do you have incoming connections?
-
talos
how? by spreading messages faster throughout the network? or increasing network robustness?
-
talos
hmm how can I check that
-
talos
the daemon log does not show much activity
-
selsta
talos: enter "status"
-
selsta
into daemon log
-
selsta
it will show you inc and out connections
-
talos
i see!
-
talos
i've got 12 out and 0 in
-
talos
hmm so why would i have 0 incoming connections
-
selsta
port 18080 open on your router?
-
bicknell
host firewall ?
-
bicknell
i.e. SUSE Linux firewall-cmd --add-port=18080/tc or deb / ubunut with ufw
-
bicknell
*tcp
-
talos
i will look into these things thanks selsta and bicknell !
-
abcdefg_irssi
ufw allow 18080
-
Macrosoft
hey there, I am new to the monero community and want some coins to play with
-
Macrosoft
can anyone send me some
-
selsta
Macrosoft: you can use stagenet or testnet
-
selsta
-
selsta
has a stagenet / testnet faucet
-
Macrosoft
but I want to get some mainnet coins, 0.005 xmr is appreciated
-
Macrosoft
my wallet address is 8AcBPrQSVZyQVyYzQ1BGHaagu37M3tPfmX9bY2G96GCLHTeLn5PsK8nTRAAZpqL919g5Mi61kXxQyYqVNfMyvMBeAyWyTFx
-
Macrosoft
any small amount of xmr is appreciated
-
Mochi101
I sent the smallest amount possible.
-
Mochi101
0
-
Mochi101
.ip 103.138.53.233
-
Macrosoft
greater than 0 please
-
Macrosoft
I am sure that someone would help me
-
Mochi101
Tell your story.
-
Mochi101
Bon't just beg with no background story.
-
Mochi101
Make it worth it for the sender.
-
Macrosoft
I just bought xmr at the price of 340 usd
-
Macrosoft
yesterday
-
rpsnkrpiktam
FIY, you want to know why you are getting those daily messages? Cults NEED to control information. That's why people like lh1008 get savagly attacked (also called disconnection) for even talking to me. Break the information embargo, break the cult. Who would sign up to Scientology if they knew from the get-go that is is about a sci-fi alien overlord? Who would sign up to MAGA if they knew what a loser Trump is?
-
rpsnkrpiktam
You don't sign up to MAGA to do a failed Viking LARP and some time off in club fed. You sign up because you feel like shit and they promise to give you self-respect. It is a total lie of course, you are still a joke even when cosplaying a Viking. Just like Monero's promise of privacy is a lie.
-
Macrosoft
but it lowers to 90%
-
nioc
so yiu have enough to play with
-
nioc
you
-
Mochi101
Vpassion Technology Limited
-
Mochi101
Hong Kong
-
Mochi101
hehehe
-
Mochi101
That was quick.
-
abcdefg_irssi
how long does it take to prune the blockchain
-
Mochi101
abcdefg_irssi, depends on your system
-
abcdefg_irssi
do I need to delete the blockchain then run prune-blockchain to actually get a pruned blockchain
-
abcdefg_irssi
just ran it but the filesize is still 100gb
-
Mochi101
abcdefg_irssi, were you fully synced when you did it?
-
Mochi101
or is it still syncing?
-
msvb-mob
Happy Moneroversary to everyone.
-
swrangsar
with the rise of bitcoin price, bitcoin transactions have become too expensive. isn't the same going to happen to monero?
-
swrangsar
on a ryzen 5, xmrig mines at 6+ kh/s (hugepages and 1gb pages turhed on) but monerod solo mining gets me only 4 kh/s
-
talos
swrangsar, I think monero dynamically adapts block size, unlike bitcoin
-
sech1
you can mine solo with xmrig
-
volantaryism1[m]
swrangsar: fees decrease with blocksize
-
volantaryism1[m]
<yanmaani "consumer hardware cannot handle "> 1TB blocks are 10x the size of the entire chain currently, it is not happening any time soon
-
RandomLurker
Hi, does the new "send to multiple addresses" feature in the gui have any privacy implications? Are multiple sends in one transaction easier to correlate or does it make no difference?
-
sniffer
so what is fluf's net worth
-
sniffer
that is like acolonoscopy
-
sniffer
.
-
sniffer
is jy 'n hotnot
-
sniffer
ek kort geld help my juo knysna poes asseblief
-
sniffer
2 miljoen en ek gee dit terug.
-
ishikawa[m]
Do you think putting 100k into monero would be a good long term investment ?
-
RandomLurker
what time frame are you aiming at?
-
moneromooo
An observer knows that three outputs were created by the same sender, rather than just two.
-
moneromooo
Only one is change, most likely. So the probability of these outputs being change is 1/3, not 1/2, absent other info.
-
moneromooo
I think that's pretty much it.
-
dEBRUYNE
Meeting at 17:00 UTC today re: Triptych (in #monero-dev)
-
ishikawa[m]
<RandomLurker "what time frame are you aiming a"> A few years
-
RandomLurker
most definitely in my opinion, monero can go easily to 5k in bull case scenario
-
Mochi101
Why not 25k ?
-
RandomLurker
thx moneromoo for answering. I have a practical example but I'm not sure about the privacy implications. Let's say i have a cold wallet that i want to make 3 transactions from. 1. to a kyc exchange, 2. to an address i want to remain anonymous and rest back to a new cold storage address. Are there negative impilications from doing this with one
-
RandomLurker
transaction to all 3 compared to doing 3 separate txs?
-
RandomLurker
25k would be double the market cap of ethereum. i think monero would need a massive eco system to get that much inflow
-
Mochi101
RandomLurker, it does have a massive ecosystem. It's just that it's so private that nobody knows about it.
-
-
ieatglueinthegul
Are we crashing to 0 bros
-
NormieJoe[m]
The sell out is real
-
NormieJoe[m]
<Mochi101 "Why not 25k ?"> Why not moon k?
-
NormieJoe[m]
* The sell off is real
-
NormieJoe[m]
OK broskis. Bottom opportunity buy go....
-
Mochi101
Nice hopium.
-
oceanus[m]
#monero-markets
-
NormieJoe[m]
Come on. Bottom prediction price for XMR for this bear run
-
ieatglueinthegul
Dropping to 260 imo
-
-
RandomLurker
good picture but people with no experience with cryptos will probably not really understand what "shielded" means. Private or anonymous are more well known words.
-
CCosta[m]
<RandomLurker "good picture but people with no "> +1
-
azy
.faucet
-
Wallet
azy: Snow White had how many dwarfs
-
azy
7
-
Wallet
azy: @bonuspot tipped 0.0000045 XMR to azy [667ebafc] Wait ≈23 hrs 55 min before trying again. @bonuspot: 0.01622741
-
azy
almost said 8
-
azy
.balance
-
Wallet
azy: • Your balance is: 0.0001893 XMR (≈0.06 USD)
-
volantaryism1[m]
RandomLurker: maybe i read it as shilled donations at first
-
-
Mochi102
Maybe we can do a CCS ad get him to sing a song about Monero volantaryism1[m]
-
nqiuijpylt
If only one of you gave Papa ChooChoo some TLC when I wrote a faster miner, instead of ignoring him, things could have happened differently
np.reddit.com/r/Monero/comments/5lsfgt/_/dbz0jnp
-
-
volantaryism1[m]
Not sure what this img is trying to say but its well made
-
Mumuks[m]1
<volantaryism1[m] "Not sure what this img is trying"> It is saying that the solution to blockchain analysis is elementary
-
XMR|patix0331[m]
Can somebody explain me why too small fees are bad?
-
hyc
makes it cheap to spam the blockchain
-
XMR|patix0331[m]
And that would make...? Except from larger blockchain in size
-
kinghat[m]
i think if we define fees as too cheap, we should also define what is too expensive.
-
RandomLurker
large blockchain size is already bad in itself and a huge number of transactions also puts nodes under stress (verification), also depending on the size of the spam attack the attacker could own a nontrivial amount of outputs and deanonymize some transactions
-
burp
feeds need to be large enough to incentivize large enough number of miners to keep mining, I would say
-
burp
ultimately it's connected to electricity costs, I'm pretty sure you could model an optimal value easily
-
burp
assuming a certain hashing power for security
-
volantaryism1[m]
Honestly i think anyone who can pay fees has every right to spam the chain
-
mechanimist
that sure sounds like a voluntaryist talking :)
-
volantaryism1[m]
Monero blockchain size is like 100x less than the disk space i had on my computer at the time of launch
-
volantaryism1[m]
mechanimist: whish monero has an OP return field, could store so much data
-
kinghat[m]
my point is we are talking about adjusting the fees, which will necessarily make them more expensive. articmine has been working on this iirc.
-
XMR|patix0331[m]
Thanks guys for explaining
-
XMR|patix0331[m]
Also I was wondering if Monero itself is prepared to expand to size of BTC (I am talking about daily transactions) or it isn't, yet?
-
yanmaani
XMR|patix0331[m]: it is
-
volantaryism1[m]
Guys make sure not to track your XMR with services like blockfolio - its another way of compromising your data
-
volantaryism1[m]
XMR | patix0331: easily
-
yanmaani
XMR|patix0331[m]: it would make double spend attacks easier
-
XMR|patix0331[m]
And how much it would change fees, or It wouldn't at all?
-
yanmaani
XMR|patix0331[m]: would what? larger blocks?
-
yanmaani
the blocks grow by how much they're used
-
XMR|patix0331[m]
Larger number of daily transactions
-
yanmaani
there's a formula. basically, fees have to be higher if the blocks are bigger
-
yanmaani
they'd still be very low IIR
-
yanmaani
C
-
yanmaani
like cents. bitcoin's big because of congestion
-
XMR|patix0331[m]
We are talking about what range in pesimistic scenario?
-
XMR|patix0331[m]
<yanmaani "like cents. bitcoin's big becaus"> oh, thats good to hear
-
volantaryism1[m]
Bigger monero blocks = smaller tees
-
volantaryism1[m]
* Bigger monero blocks = smaller fees
-
yanmaani
Penalty = BaseReward * ((BlockSize / Median_N) - 1)^2
-
yanmaani
median_N = median block size over last 100 blocks
-
yanmaani
if a block is 1MB, and the last 100 blocks have a median of 1MB, this works out to BaseReward * ((1M / 1M) - 1)^2 = 0
-
nioc
fees go up to increase blocksize but if blocksize stays at that increased size the fees go back to normal
-
nioc
increased fees are to change not sustain
-
yanmaani
nioc: can the penalty ever go negative?
-
nioc
I believe at those sustained larger blocksize the fee actually is reduced vs the default blocksize
-
volantaryism1[m]
Any update in the destination amounts are unequal bug?
-
volantaryism1[m]
Cost to add 1GB to the monero chain is around 1 monero rn
-
rbrunner
-
apotheon
volantaryism1[m]: How do you measure that?
-
volantaryism1[m]
Maybe i made a tx or maybe i didnt XD
-
apotheon
Oh, do you mean transaction fees?
-
apotheon
I guess you measure it in transaction fees (as opposed to, for instance, electricity to mine blocks).
-
volantaryism1[m]
It was fees yes
-
XMR|patix0331[m]
Is there any work in progress at blocking/unlocking balance? Right now I have to wait 25 mins for confirmation, right?
-
moneromooo
10 blocks, so 20 minutes if the blocks hit at hte expected target.
-
XMR|patix0331[m]
Are there any impromvents to come for that process?
-
moneromooo
None near term.
-
volantaryism1[m]
Mabye zero conf payments could be useful if monero sees large commercial adoption but i have no idea the technical issues would need to be overcome
-
gingeropolous
imo, there's not really any technical issue for zero conf. its a trust issue. zero conf works now.
-
gingeropolous
you can buy a coffee with zero conf. it would be an awful lot of hassle to try and engineer a situation to double spend a zero conf, and for a coffee, its downright silly
-
gingeropolous
now for buying a car? probably want at least 1 conf.
-
volantaryism1[m]
gingeropolous: sorry i meant spending a zero conf tx sent to you
-
gingeropolous
oh.
-
anon_82641[m]
<volantaryism1[m] "gingeropolous: sorry i meant spe"> I dom't understand the situation where you would need that
-
anon_82641[m]
Businesses are used to batch processing done by visa. And these batches take days before they land in vendors accounts
-
gingeropolous
yeah. tx speed is a solution in search of a problem imo.
-
volantaryism1[m]
anon_82641: i had to top up someones bank account in an emergency and the funds were used instantly, thats why i mentioned it
-
apotheon
Yeah, that's a good use case.
-
apotheon
Similarly, there's the case of moving money between one's own "accounts", as in when one is going to need to move a chunk of money from a savings account to a checking account at the bank to handle a series of payments.
-
gingeropolous
yeah, thats more the locktime thing though
-
apotheon
There's less reason for that to be a big deal within a single cryptocurrency, with the exception of the fact that one might use different "accounts" to keep track of budgeting.
-
apotheon
. . . but in the case of moving between cryptocurrencies, there's more of an easily imagined practical need for one person being able to move money around with immediacy, I think.
-
apotheon
It might make sense in some cases to have "savings" in one cryptocurrency and "checking" in another, after all.
-
apotheon
(given different valuation activity on different blockchains and whatnot)
-
gingeropolous
eh, maybe
-
apotheon
Even so, I think that the only thing *really* holding something like Monero back from being more useful *and* more convenient than fiat in the general case is a relative lack of ability to get whatever one needs for it, in a practical sense.
-
apotheon
It can easily be more convenient and useful *overall* than fiat, in a technical sense, *right now*, even if it's less useful or less convenient on a technical level for *very specific use cases*.
-
apotheon
These use cases just seem like things that need solutions we haven't developed yet, as opposed to things it can't handle with a little innovation.
-
gingeropolous
yeah
-
apotheon
I look forward to competing solutions producing some sense of which are the best options and all this stuff being handled in the nearish future.
-
gingeropolous
the zero conf / chained tx thing is solvable with changing the index based database to an ID based database
-
apotheon
I also look forward to being able to find entry to a thriving economy of "it's easier to get most of what I need with Monero than with USD".
-
apotheon
gingeropolous: What do you mean?
-
gingeropolous
but that opens other cans of worms re: chain bake time for proper ringsig effects
-
apotheon
(re: index vs. ID)
-
gingeropolous
apotheon, currently, with monero, a transaction references its inputs by their index in the blockchain
-
gingeropolous
so if i make a transaction, im gonna use outputs at index 460 2345 23523 3245 234 etc
-
gingeropolous
as inputs
-
apotheon
righto
-
gingeropolous
so in order for these outputs to get an index, they need to be in the blockchain
-
apotheon
Is ID, then, something prior to addition to a block?
-
gingeropolous
instead, you can use the hash of the output to identify which outputs to use in a tx
-
gingeropolous
so you don't look for an output as position x x1 x2 - x11
-
jj1013[m]
I recall having heard of a decentralized, non-Ethereum dependant stablecoin called PegNet, which was kind of forgotten (has no price as of now) a few moments (months, days, IDK) after it got attacked with double-spend. Is such a thing really possible, and has anyone read PegNet's sourcecode to see if it was really secure (not sure if it is private, but privacy =/= security)?
-
jj1013[m]
* I recall having heard of a decentralized, non-Ethereum dependant stablecoin called PegNet, which was kind of forgotten (has no price as of now) a few moments (months, days, IDK) after it got attacked with double-spend. Is such a thing really possible, and has anyone read PegNet's sourcecode to see if it was really secure (transparent blockchain, so no privacy, but privacy =/= security)?
-
gingeropolous
instead, you look for outputs with ID1, ID2, - ID11
-
gingeropolous
it adds weight to transaction,s because hash IDs are larger than the index method
-
apotheon
I think I'll have to learn a bit more about the technical details to really have a firm grasp of IDs in this sense and how they factor into things, but I think I have a general gist of what you're saying.
-
gingeropolous
yeah its the difference of looking for someone in a line by their position in the line vs shouting out "hey where's bob"
-
hyc
hashes are 32 bytes, index positions are 8 bytes
-
apotheon
gotcha
-
moneromooo
More like ~2.x bytes per.
-
apotheon
My next big concern with convenience and utility is figuring out how to spend fiat online to acquire cryptocurrencies without having to KYC-expose myself to get to a point where I have online-spendable USD.
-
apotheon
e.g. Visa gift cards without having to show ID and being tracked at the point of sale
-
apotheon
moneromooo: 2.x?
-
apotheon
. . . as in 2.3, 2.4, et cetera?
-
moneromooo
I mean somewhere between 2 and 3.
-
apotheon
gotcha, yeah
-
gingeropolous
eh, thats not a monero problem apotheon . can't really fix that with code. thats a meatspace problem
-
apotheon
2.2272491
-
apotheon
gingeropolous: Yes, I'm aware.
-
apotheon
I'm just kinda struggling with figuring it out.
-
apotheon
There seems to be a pretty difficult issue involved in breaking the chain.
-
apotheon
Lengthening the chain helps a little, but it doesn't really solve the problem.
-
apotheon
. . . and lengthening it looks like money laundering more and more as it lengthens.
-
apotheon
The best idea I've had so far is to pay a homeless person who doesn't look so sketchy he'll get harassed to go buy Visa gift cards with my cash.
-
apotheon
It's not a great idea.
-
gingeropolous
lol
-
gingeropolous
well the best way to do that is to mine
-
gingeropolous
no mickey mouse with mining
-
apotheon
Yeah . . . that doesn't involve the mouse, but it does involve other complications.
-
apotheon
I have to do a lot of mental work just to figure out what I'd have to do to make it reasonable to do.
-
apotheon
If I'm not doing it over I2P gateways or Tor, I'd essentially be exposed to the ISP, for instance.
-
apotheon
I have to take the latency of such things into account in figuring out what I need to make it reasonable, though.
-
apotheon
When things start getting complicated, and require more sysadmin work, I get less enthused, and it ends up sitting on the back burner for a long time before I just give up and don't do it at all.
-
apotheon
Sysadmin work and accounting are very far from my favorite things in the world.
-
gingeropolous
well someday i'll start a "totally mining monero" service
-
apotheon
har
-
gingeropolous
where you send fiat, and i totally make hardware mine for you, and then you get xmr
-
apotheon
non-KYC, I assume
-
apotheon
Is "totally" facetious here, or what?
-
gingeropolous
i assume. dunno if there's much red tape around cloud services
-
apotheon
It seems facetious.
-
gingeropolous
im never facetious
-
apotheon
har
-
apotheon
You'd receive fiat payments, though, which would still require someone having a way to send the fiat to you, so it just requires people trying to deanonymize Monero acquisition to notice what kind of service you provide.
-
apotheon
I don't think that solves the problem at all.
-
gingeropolous
yeah
-
apotheon
It's enough for "probable cause" in many cases, most likely.
-
apotheon
probable cause to harass the shit out of someone who didn't do anything wrong, and just wants to be left alone
-
apotheon
bleh
-
moneromooo
I am amazed. I went to check github to report new spam and all spam's gone. Congrats who found the right incantation to get them to actually wipe them :D
-
moneromooo
whoever*
-
moneromooo
(whatever)
-
moneromooo
Funny thing is I was going to do that to get a break from a more shitty day...
-
volantaryism1[m]
<gingeropolous "so if i make a transaction, im g"> Thanks for the info i always wondered what those numbers meant
-
volantaryism1[m]
Moneros decentralization in mining allows people to aquire some xmr in places where it is banned thankfully
-
jj1013[m]
How do I mint Monero?
-
gingeropolous
yep. the magic of information. it can't be stopped.
-
gingeropolous
jj1013[m], you set up mining software on your computer
-
apotheon
moneromooo: sorry about your shitty day
-
apotheon
moneromooo: Aren't you getting filthy rich as a Monero dev? Are you a monero millionaire?
-
jj1013[m]
<gingeropolous "jj1013., you set up mining softw"> I didn't know you could mint by mining.
-
apotheon
I think that's the only way to mint it.
-
apotheon
Maybe it should've been called "minting" instead of "mining" in the first place.
-
gingeropolous
it was first called "generating"
-
marmulak
you can start your own block chain
-
gingeropolous
set_generate=true
-
gingeropolous
jj1013[m], to be fair, you can mint monero by solo mining on your own blockchain
-
gingeropolous
if you are mining, as is common these days, in a pool, the pool operator mints the monero, and then sends you a fraction of that to compensate you for your share of the wor
-
gingeropolous
work in finding that block
-
apotheon
right
-
apotheon
I guess if you're in a pool, you're mining, and the pool operator is minting.
-
apotheon
. . . so if you want to mint, you an either be a very successful solo miner or operate a mining pool.
-
apotheon
s/ an either/ can either/
-
Bigboiimike
Hello every one, how is every one doing today?
-
gingeropolous
fAAAAANnntastic Bigboiimike , how are u doin
-
apotheon
I occasionally use the term "minting money" (or something to that effect) to refer to a way to profit from things that just seem absurdly magical (e.g. launching an NFT "art" startup like that "cryptopunks" BS).
-
apotheon
"Would you like to buy this digital pog through Sotheby's for 9M USD?"
-
apotheon
moneromooo: Is there something I can do to make your day better?
-
apotheon
"Yes. Stop highlighting me in IRC while I'm trying to work."
-
apotheon
shoulda thought of that first
-
apotheon
gingeropolous: You seem to know a lot. I hope you can answer a question for me:
-
apotheon
gingeropolous: Is there much of a bandwidth requirement for mining?
-
gingeropolous
no, not really. it depends somewhat on the scale, but generally no.
-
jj1013[m]
<gingeropolous "jj1013., to be fair, you can min"> That is the Monero official wallets (CLI and GUI), no?
-
sech1
Not much bandwidth if you mine on a pool
-
apotheon
gingeropolous: I mean just joining a pool.
-
gingeropolous
like, if your running 1-4 computers , its negligible
-
sech1
a lot if you mine solo and run your own node
-
apotheon
If using a pool . . . are you using someone else's (the pool operator's) full node(s)?
-
gingeropolous
jj1013[m], correct. you need the daemon running
-
gingeropolous
apotheon, yeah. the pool op is running a node that creates the blocks and does network stuff
-
apotheon
righto
-
jj1013[m]
<gingeropolous "no, not really. it depends somew"> Oh, wait... can you see what's the comment I am replying to? Bridges tend to be quite unreliable sometimes, I find myself in a group where the bridge kind of breaks and the messages don't go through.
-
apotheon
I guess very big pools must use multiple nodes, of course.
-
jj1013[m]
IRC -> Matrix -> Telegram
-
gingeropolous
though there are versions of mining pools that allow you to create your own block and do the whole thing more cooperatively, but there's no icentive for pools to do it soe they haven;t
-
jj1013[m]
Or Telegram <- IRC -> Matrix, not sure.
-
jj1013[m]
But it's the GrapheneOS group
-
gingeropolous
jj1013[m], on that comment i wasn't responding to you. but yeah, you need the monero official wallets
-
Bigboiimike
I'm Doing well, thanks for asking. Sorry this chat is hard to read, i need to change colors somehow
-
apotheon
I think I must be missing something to which jj1013[m] is responding somewhere, though maybe it's visible and I just overlooked it.
-
gingeropolous
yeah these friggin relays
-
gingeropolous
we can put a coin on a blockchain, but we can't make internet chat interopoaerable?
-
apotheon
The shitty way the Freenode bridget to Matrix quotes things often leaves me scratching my head a bit.
-
jj1013[m]
<gingeropolous "jj1013., on that comment i wasn'"> OK. I think I will be able to get mining properly when I get a more powerful setup.
-
apotheon
. . . and then there's the fact that some people in Matrix are evidently not seen here, but other people in Matrix we can see are replying to those people invisible to us on Freenode.
-
jj1013[m]
<gingeropolous "we can put a coin on a blockchai"> There's Matrix.
-
gingeropolous
you don't need a more powerful setup jj1013[m] :) but yeah
-
apotheon
jj1013[m]: Yes, the problem is interoperability, not whether Matrix exists.
-
DisBotXMR
<Jeremih> Does anybody have any thermal paste recommendations
-
apotheon
Oh, right, we have Discord, too.
-
gingeropolous
arctic silver
-
apotheon
I wonder if I need to repaste the CPU in an old laptop, now that I think about it.
-
apotheon
gingeropolous: Thanks for the recommendation.
-
apotheon
(even though I didn't ask)
-
DisBotXMR
<Jeremih> Artic silver 5 or mx2
-
jj1013[m]
<gingeropolous "you don't need a more powerful s"> No, seriously. Our Internet connection is bad, if I'd ever want to get the blockchain, all I've got is a HDD, not an SSD, and my mining speed is untolerable (100 hps). I even got banned from a mining pool because of my speed.
-
ferox_thinkpad
whats the easiest way to buy monero
-
apotheon
What's an okay HPS rate for mining Monero for the foreseeable future?
-
sech1
10 kh/s give you a bit more than $1/day
-
apotheon
ah, okay
-
apotheon
Is that slower than mining pools would like?
-
apotheon
Oh, wait, that's kinda fast.
-
apotheon
hmm
-
apotheon
headed off; ta
-
volantaryism1[m]
ferox_thinkpad: kraken has direct usd i believe
-
volantaryism1[m]
Binance to tether to xmr
-
DisBotXMR
<Jeremih> I wish that was what happened, I'd be sitting on 60-80¢/day
-
jj1013[m]
<sech1 "10 kh/s give you a bit more than"> Kilohashes?
-
neelix
hello goyims
-
abcdefg_irssi
hello goy
-
PiRATA
hello
-
sech1
jj1013[m] kilohashes
-
PiRATA
does anyone know when will atomic swaps be available?
-
PiRATA
end of the year?
-
jj1013[m]
<sech1 "10 kh/s give you a bit more than"> Pool or solo?
-
sech1
it doesn't matter
-
sech1
solo mining won't give you stable payout though
-
abcdefg_irssi
use a smaller pool
-
neelix
PiRATA, there are a few different projects. no one knows
-
abcdefg_irssi
dont use supportxmr or the bigger one
-
abcdefg_irssi
or just solo mine
-
abcdefg_irssi
to support the network
-
abcdefg_irssi
10 kh/s is like $15 a month?
-
sech1
$1/day
-
abcdefg_irssi
$30 a month
-
sech1
minus electricity
-
abcdefg_irssi
what cpu do you have
-
sech1
so maybe $15/month after electricity
-
sech1
This is 3700X
-
sech1
But I don't use it to mine
-
apotheon
It looks like rpi would give you just over 100 hashes per second, so . . . realistically, maybe USD 3.50 per year for the rpi mining rig.
-
txvehydqy
needmoney90: Let me quote your hero. 'How do I ban FUK? AAAHHHH I don't remember. youtube.com/watch?v=mdLfkhxIH5Q Keep tryin' champion.
-
apotheon
I sometimes forget how to ban things.
-
PiRATA
neelix: oh. Thanks
-
DisBotXMR
<Jeremih> Just find 5000 rpi4b+ and free electricity
-
apotheon
It'll be difficult just making up the cost of the rpi hardware.
-
DisBotXMR
<Jeremih> That's why I said find
-
apotheon
As for free electricity, use a weatherproof housing for it and plug it into an exterior power outlet of a government building, and parasitize the building's wifi network to mine over tor.
-
apotheon
Too bad "find" isn't deterministic in one's plans.
-
apotheon
I think the JavaScript for the Monero Outreach community gallery is broken for WebKit.
-
apotheon
The gallery loads, but clicking on an individual image seems to just reload the gallery.
-
apotheon
Oh, wait, it works on a different image.
-
apotheon
It just doesn't work for the bulletproof image.
-
apotheon
Oh, I guess the thing where it did work isn't an image. Damn.
-
apotheon
it works for some things, and not for others . . . ?
-
apotheon
Here Comes The Sun also doesn't load.
-
apotheon
The "ranked 3rd by number of devs" thing doesn't load either.
-
apotheon
same for 1/100 of Bitcoin, and for Forking [. . .] Flattery
-
volantaryism1[m]
twitter.com/AlertMonero/status/1383837903114043400
-
volantaryism1[m]
holy fuck an [unknown] amount of xmr was sent from [unknown] wallet to [unknown] wallet!
-
DisBotXMR
<Jeremih> So suspicious!
-
DisBotXMR
<Jeremih> How do I buy monero not through an exchange?
-
volantaryism1[m]
Mining, localmonero
-
DisBotXMR
<Jeremih> Mining isn't as profitable as I wish it was and there's no local monero offers for my budget range
-
DisBotXMR
<Jeremih> Well there is
-
DisBotXMR
<Jeremih> But I think I'd be more comfortable buying from an exchange at that point
-
DisBotXMR
<Jeremih> And they won't take my money
-
DisBotXMR
<Jeremih> Well that's it for me
-
volantaryism1[m]
DisBotXMR: you could use a non kyc exchanger, they give you a btc address and you give them an xmr address
-
DisBotXMR
<Jeremih> Where do I get btc?
-
DisBotXMR
<Jeremih> Without an ID?
-
DisBotXMR
<BrianTX> You could use an ATM, but they'd charge you a very large fee.
-
DisBotXMR
<BrianTX> 15 percent or so.
-
DisBotXMR
<Jeremih> That's absolutely not what I'm willing to pay
-
-
jj1013[m]
<volantaryism1[m] "1618783060675.jpg"> Why is only that bit in Spanish?
-
volantaryism1[m]
jj1013.: i didnt make it, found it online, its got a spelling error on line 7
-
nioc
how do you know that it handles billions of dollars of transactions?
-
h2017
did the meeting with sarang happen?
-
CCosta[m]
nope, rescheduled
-
nioc
h2017: postponed til Wed
-
h2017
did anyone post that on reddit?
-
nioc
.shrug
-
jj1013[m]
<volantaryism1[m] "jj1013.: i didnt make it, found "> Is cryptocurrency obligatorily a single word?
-
nioc
usually
-
volantaryism1[m]
jj1013.: yeah this image wasnt made with much care
-
nioc
also we don't know who created it so how can it be said to be world leading cryptographers and privacy experts?
-
nioc
shhhh
-
volantaryism1[m]
The person who made it was trying to give monero ethos
-
nioc
could use facts