XmrLovingAncap
6
65
XmrLovingAncap

@monero.town

XmrLovingAncap 9 points 3 years ago path: 0 7291625 7292161 7292191 7293359, hotness: undefined, score: 9, children: 2
XmrLovingAncap 7 points 3 years ago

I agree blockchain growth could become a problem someday. I think it's not right now and it probably won't be in the next few years (as @monerobull already pointed out).

I'd recommend watching this monero talk episode, because near the end Luke Parker (kayabaNerve) talks about what's next for monero after seraphis/jamtis. And to me it sounded like there is a solution for the blockchain growth problem in there (nova or what it's called?). https://www.youtube.com/watch?v=GhNljgiQKp8

I think for now full chain membership proofs are one of the most important things for us (i.e. fixing the weakest link in the system aka ring signatures). After that we're mostly set on privacy and focus on other things like blockchain growth/accessability etc. (which seraphis/jamtis also tackles).

About the currency and store of value topic: In the literature it's often said money or a currency has three functions -> store of value, transfer of funds and unit of accounting. Thorsten Polleit argued in one of his latest books that these three functions actually can be condensed into a single one -> transfer of value. Store of value is just a transfer of funds through time. And unit of accounting is just that a business wants to pick the most liquid exchangeable good which circles back to transfering funds effectively and efficiently.

If you're now saying monero should be aiming for becoming the best currency, but not a store of value, you limit it's capability as a currency as transfering value (through time) is the fundamental function of a currency.

So we need to find a technical solution to that problem without compromising on the currency aspect.

So to wrap up, I appreciate your input as I agree, we need to always keep the shortcomings of monero in mind and work on improving them. I think the discussion around and permanent reevaluation of monero is one of the things that made it what it is today and if we can keep the spirit going it's what it'll make it successful in the future too :)

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XmrLovingAncap 6 points 3 years ago

Why should the goverment stop at the point where they can see your incoming balance? They probably gonna outlaw it completely.

If you still believe a monopoly on force (aka goverment) is A: warranted and/or B: needed I can't really help you.

The state is the biggest threat to our liberty and well being. Monero is here to help us get rid of it (or to just get our well deserved freedom back).

They're going to introduce their CBDCs so they're able to see every transaction (in- and outgoing). To automatically deduct taxes and block you from transacting completely if you don't comply.

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XmrLovingAncap 6 points 3 years ago

As far as I know PoW leads to more decentralization (especially in combination with ASIC resistance) and therefore a more secure network. Energy efficiency comes through advancements in chip manufacturing.

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XmrLovingAncap 6 points 3 years ago

Another full node selfhoster here. I did not notice any problems for me (except some transactions taking some time for confirmations), but I tried to onboard someone earlier and wondered why his freshly installed cake wallet acted weird. You might be onto something about official/public full nodes being overwhelmed or something.

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XmrLovingAncap 5 points 2 years ago

What a joke. Their reasoning for not adding altcoins isn't too bad, but as a privacy conscious service I would've expected them to not be BTC maxis. I think I need to finally abandon their email service and switch to something different.

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XmrLovingAncap 5 points 3 years ago

Oh wow, it's already funded xD

Important milestone that needs to be researched for FCMPs. Let's hope they find a proof!

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XmrLovingAncap 5 points 3 years ago

How instant? Monero transactions can be seen in seconds (in the mempool) which is okay for smaller transactions. And 1-2 confirmations take roughly 2-4 minutes which is recommended for bigger transactions. So still pretty fast for real world stuff.

And what is your reasoning for PoS > PoW? I'm very curious!

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XmrLovingAncap 5 points 2 years ago

Linking to haveno.com while the original haveno site is haveno.exchange. Also haveno.com links to the supposed mobile version without clarifying it obviously! Which contains telemetry?!

I'm not going to touch this until the drama situation is solved i.e. all source code is available. And I recommend everyone does the same.

Sorry kewbit IF you're in fact legit, but after I read how you behaved/reacted and acted with regards to CCS etc. I lost ALL trust I had.

Everyone, be careful!

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XmrLovingAncap 5 points 3 years ago
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XmrLovingAncap 4 points 3 years ago

While I agree that a transaction is mostly the business involving the two parties transacting, they still need to adhere to the network rules. And that's were the miners step in. They don't care which two persons are transactig as long as they pay for it and it's in general a valid transaction (according to the network rules).

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XmrLovingAncap 4 points 3 years ago path: 0 8257736 8258603, hotness: undefined, score: 4, children: 0
XmrLovingAncap 4 points 3 years ago

Primarily localmonero.co

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XmrLovingAncap 4 points 3 years ago

Lost it all in a boating accident :(

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XmrLovingAncap 4 points 3 years ago path: 0 3773346 3778114, hotness: undefined, score: 4, children: 0
XmrLovingAncap 4 points 2 years ago

Interesting, thanks for sharing!

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XmrLovingAncap 4 points 3 years ago

Commis can't compute that I'm afraid 🤔 Take my upvote brother!

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XmrLovingAncap 4 points 3 years ago

Wait for ~4h, churn (send to your own wallet), repeat this a few times and then start to cash out (not everything at once)

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XmrLovingAncap 4 points 3 years ago

I know that localmonero offers an api that gives you a price based on the trades on lm. https://localmonero.co/statistics

I have no idea tho if there's a way planed to check for average price in haveno or serai.

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XmrLovingAncap 4 points 2 years ago

Telemetry has no place in this. Without full source code and reproducible builds this could be spyware or worse for all we know.

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thanks for using Leebra!

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