/biz/ - Business & Finance

[Anonymous No.52993483]

No current crypto will be more successful than XMR in 10 years time. Digital cash was the BTC goal, and until digital cash is a real thing, DEFI will be mostly pointless outside of stablecoins.

[Anonymous No.52993734]

>>52993483
so....
you’re saying.......
we’re going to get rich lad?

[Anonymous No.52993754]

>>52993483
Lots of things can happen in 10 years, fren

[Anonymous No.52993769]

>>52993734
moonfags out

[Anonymous No.52995291]

>>52993483
On the black market XMR is still one of the biggest players, so yea I have some XMR.

[Anonymous No.52995337]

>>52993483
the problem is that XMR can't get widely adopted, it has the same fee issue as BTC
And don't give me
>muh resizeable block size
you know that doesn't fully fix things. If more and more people start using it you'll either get higher fees or too many orphan blocks as the block size is scaled too much. And then you'll get forks.

[Anonymous No.52995475]

>>52995337
Resizeable blocks literally ensures that monero will never have the same fee issue as bitcoin. Bitcoin's block size limit is what caused the fee issue in the first place, since if you wanted your transaction to get included, you'd have to pay more than the other people trying to get there transaction included or else miners won't have as big an incentive to include your transaction in the next block. If there is no competition for space, there is no fee issue. The actual problem is that if more people start using it, the blockchain will get bigger and not as many people will be able to store it, but pruning, bulletproofs, and cost of physical storage going down will mitigate that for the time being.

TL;DR just because bitcoin is a shitchain doesn't mean every other blockchain is.

[Anonymous No.52995490]

>>52993483
>>52993734
>>52993754
>>52993769
>>52995291
>>52995337
>>52995475
Monero missed the last two bull runs and you midwits still act like you're the smartest in crypto. Embarrassing

[Anonymous No.52995495]

Sora Network is literally trying to launch a debit card that merges cryptocurrencies with fiat cash and it doesn't have even 1/10th of the recognition Monero has.

You guys keep worshipping this shit, it'll keep getting comfier, and its innovations will stop being relevant sooner than you think. Once replaced, it might be impossible to recover.

[Anonymous No.52995508]

>>52995337
Kek, it's so funny when anons are so arrogant without understanding what the hell they are talking about.

[Anonymous No.52995525]

>>52995490
>Monero missed the last two bull runs
How the hell did Monero miss the 2017 bull run?
It also did not miss 2021. It performed on par with Bitcoin, and has since outperformed everything since the start of the bear.

[Anonymous No.52995535]

>>52995475
reread what I said retard
If XMR ever gets huge adoption the block size would need to be increased too much and you'll start getting orphan blocks
>>52995508
not an argument

[Anonymous No.52995652]

>>52995535
I was discrediting the idea that higher block size = higher fees, which isn't true. As to your argument about orphan blocks, could you enlighten me on how increased block size correlates to more orphan blocks?

[Anonymous No.52995734]

>>52995495
Fiat-crypto debit cards exist since at least 2-3 years. See: Crypto.com, Binance, Gemini cards

They're also absolutely not private compared to XMR

[Anonymous No.52995778]

>>52993483
kek the government will ban or regulate it and all the normies and business will be scared off from using it so no your cheese pizza coin isn't taking off. sorry.

[Anonymous No.52995815]

>>52995535
>size would need to be increased too much and you'll start getting orphan blocks
That is not how that works, retard.

[Anonymous No.52996226]

>>52995652
this, curious how they're correlated

[Anonymous No.52996336]

>>52995652
>>52995815
maybe have a look at what happened to BSV
Why did they need to go on twitter and tell people which was the correct fork?
Because barely anyone is mining it, sure, but it still has a higher hash rate than a lot of shit out there

I'll spell it out because I feel generous.
When your block size is too big, the block propagation across the network (across the world) is much slower. When propagation is too slow, the chance of getting orphan blocks increases, because miners that are closer peers might find a solution independently before the real first block has propagated all across the P2P system. And once they start building on an orphan block, it's better to keep building there or you've lost work.

So you see, when block size is increased too much, your risk of a critical fork increases. Which is exactly what happened to BSV.

The alternative is high fees. Of course this only comes into play at widespread adoption.

If only there was a way to incorporate all orphan blocks... hmmm...

[Anonymous No.52996443]

no chance in hell xmr survives for long, unfortunately. it is going to get infiltrated and 51%ed to hell by TPTB as soon as they realize how thoroughly it undermines their financial grip

[Anonymous No.52996597]

>>52996443
reminds me of something someone (Antanopolous?) said about BTC.
If they do pull off a 51% attack, by obtaining 51% computing power, just change the algorithm and fork the bastards out. Then they have to start all over again...
But the chain can be re-initiated from before the attack.

[Anonymous No.52996734]

Tangram will ultimately outdo Monero. Both great projects. But my money is on tangram

[Anonymous No.52996756]

>>52996336
>Because barely anyone is mining it, sure
Monero doesn't have that problem
>but it still has a higher hash rate than a lot of shit out there
lmfao, this retard thinks that Asic mining hash rate is comparable to random x. Fucking brainlet. The amount of hash rate power is different because Random X uses CPUs.
>When your block size is too big, the block propagation across the network (across the world) is much slower
Orphan blocks have literally nothing to do with block size. If blocks are solved simultaneously, then miners will just go with the chain that has more support. THIS HAS NOTHING TO DO WITH BLOCK SIZE.
>So you see, when block size is increased too much, your risk of a critical fork increases.
The fact that you reached this conclusion shows us how much of a smooth brain you are. The reason BSV was down is because a lot of mining power was being dedicated to mining empty blocks. You are so fucking stupid and it makes me happy that people like you are filtered from buying XMR.

[Anonymous No.52996954]

>>52996756
sheesh, I effort post once and the thread goes silent and all I get is this midwit reply?
Biz has lost its touch, or maybe it's just the monero threads? Expected better of you guys

[Anonymous No.52997016]

will there ever be a digital cash that can do smart contracts?

[Anonymous No.52997231]

>>52993483

Hail to the One True King.

[Anonymous No.52997252]

>>52995490
>Monero missed the last two bull runs and you midwits still act like you're the smartest in crypto. Embarrassing

Nigga still living in the past.

[Anonymous No.52997647]

>>52997252
>two more weeks

[Anonymous No.52997849]

>>52997647

week by week yet more Monero-only markets launch, yet more Monero-only ransoms are demanded, yet more Monero-only donations are solicited.

Tick tock, tick tock, tick tock........

[Anonymous No.52999645]

>>52995337
>fee issue as BTC
Fees decrease with usage/adoption and Tail Emission keeps the miners. Elaborate on this.

[Anonymous No.52999666]

>>52997016
L2

[Anonymous No.52999693]

>>52997647
Take you and your obnoxious memes and kill yourself

[Anonymous No.52999722]

>>52995490
You are the low IQ gorilla nigger from yesterday that got BTFO'd when you posted the exact same thing

[Anonymous No.52999837]

>>52995495
JEET! OUT!

[Anonymous No.53000500]

>>52995291
>so yea I have some XMR
I do too anon, just for the privacy aspect!
it's going to be much needed when folks start valuing privacy, which is more reason i'm ball deep in sylo, it's got a messaging app that is end to end encrypted and doesn't expose users info to hackers.

[Anonymous No.53000677]

>>52993483
No one will be able to buy monero in 10 years. It will probably be illegal to use for anything. It's already delisted from most exchanges. Remember the US has already declared ethereum mixers to be illegal, and how is monero different?

In the next two decades quantum computers are expected to completely break the kinds of crypto used in Monero and other privacy coins. No one is going to use a "privacy" coin if they know can be completely audited in 9 years. It's not enough time.

Monero uses CPU miners. So a 51% attack can be achieved by renting thousands of servers for a few minutes, which costs almost nothing.

Less of a problem than some other coins, but Monero still gradually decreases the payouts to miners over time. This makes the above attack increasingly cheaper.

Also mining it will probably be banned for muh climate reasons, because PoW coins are an embarrassing waste of energy. I think this is the least of it's problems, but it is a problem.

[Anonymous No.53000699]

>>52993483
I like monero but holy fuck it needs some work.

the main wallet UI has a mining tab.... if you want mass adoption make the mining side of it separate. normal people will want secure currency.

I got monero recently and jesus fuck its a stupid system. It has huge potential but the fucking idiot coomer devs need to touch grass and realize that normans dont fucking care about nodes (which are servers by the way. just call them servers you freaks) and they dont fucking care about mining and THEY DONT WANT TO DOWNLOAD 30 FUCKING GB OF DATA TO RUN THEIR OWN NODE. and dont fucking talk to me about the shitshow that is remote nodes (servers)

Turn your fucking brains on and this shit might actually moon and become the new btc.

heres an idea. are you ready? its a crazy one. make a client that doesnt have all the mining shit and all the confusing shit that just says:

"click here to connect to an approved server and start your private currency wallet." and no. approved servers (nodes) aren't a thing. even the official list of online nodes has been known to have dodgy nodes.

this board is so retarded. you all just sit around saying "moon when?" in between cooming sessions

[Anonymous No.53000701]

>>52999722
>>52995525
anons...

[Anonymous No.53000726]

>>53000699
>"click here to connect to an approved server and start your private currency wallet."
jesus no. if you do that it's not even a crypto anymore.

[Anonymous No.53000784]

>>53000726
Refusing to provide a default node to connect is just something Monero does afaik, wallets for basically all other major cryptos always provide one and don't force you to google and guess. He's right. this is stupid and doesn't improve security for users or the network, certainly not more than it harms adoption.

[Anonymous No.53000802]

>>52999722
yeah it's him. Imagine how retarded you have to be to fud Xmr in every thread. Probably a glowie

[Anonymous No.53000817]

>>52996597
Does anyone have a link to this. I have been trying to find it for a while.

[Anonymous No.53000872]

>>53000784
So far as I understand, bitcoin and litecoin check a bunch of random nodes and see which ones have the most work in the hashes (which are reasonably small and easy to verify.) Having trusted nodes is insane and defeats every purpose of crypto, among other problems like being vulnerable to DDoS.

[Anonymous No.53000880]

>>53000699
Relax Michael, everything we be allright.

[Anonymous No.53001009]

>>52996336
>So you see, when block size is increased too much, your risk of a critical fork increases. Which is exactly what happened to BSV.

I'm not sure these are equatable. Without dynamic blocks, BSV's blocks can go from 1mb to 100mb to 2mb, right? So block propogation speed can change dramatically from 1 block to the next and help create these orphan blocks. Miners can't do this in monero unless they want to lose all their block rewards in the process, so the block propogation speed should remain stable across all the miners and as a result the amount of orphan blocks should remain stable

Pls no bully i'm not an expert on this shit

[Anonymous No.53001011]

>>52996954
Not an argument.

[Anonymous No.53001015]

>>53000500
>when folks start valuing privacy
Will not happen ever.

[Anonymous No.53001017]

>>53000872
Are there any solutions for Monero users not needing to separately google for remote nodes that you would consider acceptable then? I'll admit I don't know a lot of these details like how Bitcoin chooses nodes, I just have used a Bitcoin wallet before and it worked without hassle, but Monero was a lot more trouble. I actually tried to do it the suggested way with running my own node initially, and what happened is it took five days or so to collect all the files before I eventually learned after much time spent looking into it that getting it to work on my computer at all was impossible because I didn't have a ssd and fast enough internet. That's Linux tier in terms of being user hostile and there has to be a better way that doesn't create undue vulnerability.

[Anonymous No.53001075]

>>53001017
This already exists? Cake wallet, Monero.com wallet, Monerujo have a few servers to choose from. I think even Feather picks a random server from monero.fail to connect to on startup. If running the official wallet and your own node is too much for the average user than they don't have to (but are still highly encouraged to do so)
It's probably a bad idea for the official team to have their official gui wallet connect to an official node. That'd be like tor having an official exit node that you can choose. It screams 'we're working with glowniggers' to a community that is actively at odds with glowniggers and go to great lengths to avoid their niggardly glow.

[Anonymous No.53001148]

>>53001075
What I meant was, solutions for fixing the UX problem

[Anonymous No.53001161]

>>53001009
sure, but the problem is not the stability of the amount of orphan blocks, but the amount itself

first sensible answer though. I'll tell you a secret: this problem recently got solved. But not by monero, although it is possible to implement the solution and combine it with moneros privacy solutions I think.

[Anonymous No.53001263]

>>53000701
You see those massive spikes in 2017-2018? That was a bullrun.

[Anonymous No.53001387]

>>53001011
>>53001015
You need advance crypto knowledge

[Anonymous No.53001426]

>>53001263
2017-2018 was a bear market. If history repeats itself, we might see some significant price pick up in the coming years. I'm counting on payment system to perform well in this regard because many merchants would consider utilizing crypto at that time.

[Anonymous No.53001431]

>>53000701
>anons...
120% up against bitcoin since YTD (year to date, for you retarded faggot)

stay poor

[Anonymous No.53001435]

>>53001387
Well, I think he is speaking based on the way he views the whole system. If regulation steps in, it will affect the privacy system. In fact, most countries might halt its operation. It's not about being dumb or knowledgeable; it's a fact.

[Anonymous No.53001699]

>>53001426
>I'm counting on payment system to perform well in this regard because many merchants would consider utilizing crypto at that time.
I like what 1TN is doing in this light but it seems they are just starting.

[Anonymous No.53001710]

>>53001435
Just like what happened t tornado cash in US.

[Anonymous No.53001906]

>>52993483
id like to secure her privates

[Anonymous No.53002038]

>>53001699
You are right about 1TN. I think they are accepting multi-currency TX, but I fucking prefer Xpress because of how simplified and flexible it is and the fact that there is no commission fee attached.

[Anonymous No.53002046]

>>53001710
Exactly. I feel projects that fit into both worlds have a better likelihood of adoption, just like most payment systems that are CEDEFI.

[Anonymous No.53002196]

>>52995475
>>52996954
Bitcoin is the way it is on purpose and it makes sense. The fact that users must compete for block space is an anti-spam measure. See how feeless networks like Nano get DoSed every now and then to see why fees are important. They are even more important for Bitcoin because miners need to be incentivized some other way after block rewards dwindle down the road from here. The counter-argument is that increasing the size of blocks will reduce fees and allow more users to transact over the network. That's not necessarily true. When this happens, the blockchain will have increased in size significantly and very few people would be able to run Bitcoin Core at home, most would have to exclusively rely on data centers. And since you and I don't own these data centers, these corporate nodes decide what transactions are approved. In other words, you open the network to censorship. This is precisely how Infura was able to censor Tornado Cash a few months back. Most people rely on node infrastructure providers like Infura, Alchemy , etc. because the Ethereum blockchain is chunky. A 2TB hard drive might be sufficient now, but if we're going to see widespread adoption later, take into account that the limit right now is 20TB and they're expensive, and beyond this the other solution is data centers, or making your own data center lol.

I also don't think Monero can survive without Bitcoin. When all the on-ramps are taken down, there will be no other way than localmonero to purchase Monero and I doubt that localmonero will become the new bank for the commoner. It's too archaic. Atomic swaps BTC <> XMR is the only way Monero makes it out alive when regulations begin to hit it.

[Anonymous No.53003096]

>>53002196
>Bitcoin. When all the on-ramps are taken down

or any of the other thousand coins, all of which are better that retarded bitcoin.
LTC>BTC, anything is better than bitcoin. high fees, no smart contracts, no privacy, mining centralization, most n of dirty coin. kys. get a fucking life and job

[Anonymous No.53003188]

>>53003096
Litecoin is literally a copy of the Bitcoin codebase that adds absolutely nothing. You can follow Charlie Lee's thread on bitcointalk and see how bad his project was received. Lee just changed a bunch of parameters like block time and the hashing algorithm and that's pretty much it lol. It was a ruse by Lee to fill his pockets from day 0 as he was late to mining Bitcoin. So what he did was create his own currency so that him and his friends could mine from the very beginning. Do you think Lee selling the top of the bull market in 2017 was just a coincidence too?

https://bitcointalk.org/index.php?topic=47417.0

[Anonymous No.53003879]

>>52996756
im too busy lurking and absorbing. thank you for taking the time to bring your mental caliber to the table.

[Anonymous No.53003893]

>>53000500
fuck you shill

[Anonymous No.53003917]

>>53000677
blah blah blah fking midwit iq garbage shill talking points that anyone with a little more than half a brain can see is complete and total nonsensicle garbage. rot in hell u fucking jeet for trying to steer humanity and what smart ppl and honest midwits that venture towards this board in search of truth and answers towards totalitarian control via transparant chains. fuck. you.

[Anonymous No.53003925]

>>53001161
KASshill spotted.

[Anonymous No.53003937]

>>53000699
how in the fuck are all the midwits fucks getting dubs? is this shit rigged or something? fucking nigger.

[Anonymous No.53003942]

>>53000701
fr. stay poor. regulate me harder daddy jerome.

[Anonymous No.53003950]

>>53000802
obviously glowie.

[Anonymous No.53003965]

>>53001017
>Are there any solutions for Monero users not needing to separately google for remote nodes that you would consider acceptable then?
extremely simple answer to your question anon. its called spending 99 bucks, buying a nice ssd and spending a day running your computer while ur doing something else while your out working or jerking off to porn on your phone browser, downloading the entire xmr blockchain, and then voila, you are running your own node and dont need to connect to anyone elses. how fucking more simple does it have to be? no hate but i mean, come on.

[Anonymous No.53003970]

>>52993483
Shut the fuck up you retard fool. Monero is clear good and useful with utility but I'm certain many cryptocurrencies would outshine it. One is ALBT that is bringing traditional institution and decentralized finance together.

[Anonymous No.53003985]

>>53001148
the ux problem isnt really a problem. the problem is your trying to cater the experience to the low iq chaff of society, who will ultimately if they are unable to grasp how to use a fucking gui, will use daddy cbdc and be none the wiser forevermore. we need to stop trying to think about ways to save everyone because not everyone can be saved. period.

[Anonymous No.53004001]

>>53001435
did it not also happen in history, american history at least that dady gov came in and attemnpted to regulate alchohol? the result from that experiment was cars, bootlegging, speakeasys, and fucking nascar. gov regs mean shit ultimately on a long enough timeline. they cannot suppress what cannot be suppressed. they can rail and wail and shake theior fists and fingers at us and tell us x is bad and u cant do it, and most of the chaff will listen because they are and will always be, sheep. fuck the sheep. and fuck the shepards.

[Anonymous No.53004012]

>>53001906
wouldnt we all sir. ive got a bag. and i hope more ppl will eventually organically come to the same conclusions. but alas, the population inside the citadel walls, might be rather small.

[Anonymous No.53004013]

>>53003925
doesn't detract from what I'm saying.
We need to come up with a version of monero that uses DagKnight if it's to ever become actual, widely adopted e-cash
otherwise it will just run into the fee ceiling like BTC did in 2017

[Anonymous No.53004155]

>>53003970
fucking die ina fire u shitskin jeet midwit fk. type a little faster for your hourly wage.

[Anonymous No.53004309]

[Anonymous No.53004521]

>>53004013
>doesn't detract from what I'm saying
What is the "overhead" for consensus on a Bitcoin transaction compared to the raw tx data? Or put another way, for every 100 bytes of "raw" transactional data, how many more bytes does Bitcoin need to achieve distributed consensus on average?

[Anonymous No.53004693]

>>53000677
>In the next two decades quantum computers are expected to completely break the kinds of crypto used in Monero and other privacy coins. No one is going to use a "privacy" coin if they know can be completely audited in 9 years. It's not enough time.

Whats up retard faggot.

Ever heard of quantum resistant lattice cryptography?

Once it becomes computationally feasible to implement Monero will hardfork to the new techniques just like it's been doing

[Anonymous No.53004735]

>>53000677
>Monero uses CPU miners. So a 51% attack can be achieved by renting thousands of servers for a few minutes, which costs almost nothing.
?????????
>but Monero still gradually decreases the payouts to miners over time. This makes the above attack increasingly cheaper.
??????????????????????????????????????

This is the dumbest post I've read on here in a long time. Wew, amazing.

[Anonymous No.53004744]

>>53000699
Imagine going through all that just to make private txns using just one coin, when I make countless txns of several assets on Railway. With a much better UX.

[Anonymous No.53004787]

>>53004521
it needs the data of the block's coinbase, and the header referring to the previous block, and I'm sure a bunch of other things
Not sure why you're asking me this.

[Anonymous No.53004818]

>>53001435
Some privacy systems allow you stay transparent, with a view key that could serve as a form of audit, in cases of regulations. But your transactions remain private.

[Anonymous No.53004898]

>>53002196
Haveno

[Anonymous No.53005107]

>>53004787
>Not sure why you're asking me this.
Whenever I encounter people who like DAG-based cryptos they are very confident in their proclamations and are very lecturing on the technical merits from a generalized point of view, but whenever I ask for hard numbers I've literally never encountered anything other than the "deer in the headlights" responses or ghosting the questions because they don't actually have any technical knowledge of these computer science questions. I'm not saying that this is you, but I do want to give you a basic test for your actual technical credentials with a softball question about how efficient Bitcoin's consensus mechanism is. Even given a softball like this, it still filters out 99.99% of crypto people. If you can answer that clearly with concrete numbers and/or obvious technical knowledge, then that would signal you're at least worth hearing out as to why DAGs are better.

To reiterate again, I asked for a specific number (percent average) of how much "overhead" Bitcoin needs to achieve consensus compared to the "raw" tx data. It's important to quantify these things instead of just floating around
>yeah X is better
with zero metrics. e.g. for every 100 bytes of tx data, does consensus need another 60 bytes to achieve, or 200 bytes, or 5 bytes, etc.? You can use block data as it's been for several years now (e.g. close to or at full blocks so the number doesn't change all that much).

[Anonymous No.53005346]

>>52993734
>>52995337
>>52995490
moonfags unironically make me sick, die.
>>52996226
They aren't, or rather, by increasing the supply of block space the price goes down. This has the cost of larger block sizes long term (duh). It either gets fixed by sharding (already kinda exists in monero), or a better way to represent this system of accounting that is still as trustless.

>>52997016
No, smart contracts are bloat and are not needed. This gimmick will die.

[Anonymous No.53005561]

>>53005107
A typical BTC block is 1MB
Average txs per block is around 1500-2000
A typical tx with 1 input 2 outputs is around 250 bytes, however the average tx size (which includes more complex txs) is around 500 bytes.
So that means the size taken up in a block by txs is about .875 MB, leaving 12.5% of the block for 'overhead'.
These numbers may be outdated with the taproot upgrade etc but perhaps it satisfies your softcore question.

[Anonymous No.53005885]

>>53005561
>A typical BTC block is 1MB
>Average txs per block is around 1500-2000
>A typical tx with 1 input 2 outputs is around 250 bytes, however the average tx size (which includes more complex txs) is around 500 bytes.
>So that means the size taken up in a block by txs is about .875 MB, leaving 12.5% of the block for 'overhead'.
>These numbers may be outdated with the taproot upgrade etc but perhaps it satisfies your softcore question.

I appreciate you giving concrete numbers and trying to answer, you're the first DAG-advocate I've seen who has attempted to answer it clearly without evading the question so kudos to you.

But the thing is (even given some of your numbers which are accurate, like average tx size and average tx per block) your calculation of overhead is pretty badly off. In Bitcoin nodes already know how to craft a block even if they aren't mining, so consensus involves taking a block header and sending it to people + data for transaction ordering and then this is distributed through the node network and a (valid) block can be created from their own data and added to the chain. Nakamoto consensus is hyper efficient because a block header (timestamp, nonce, etc.) is only necessary once and is 80 bytes, and transaction ordering information solves the rest of consensus for the entire network because nodes can create blocks on their own without "sending blocks" to anyone (which is how most people think it works), and the transaction ordering data is roughly 6 bytes per transaction (so on a 250 byte average tx we're already dealing with an astonishing 97.4% efficiency compared to just pure mempool data).

In your example of (say) 1500 tx in a block, we would have ~9,080 bytes of information needed to achieve global consensus against ~375,000 bytes for the raw tx data (using 250 bytes/tx), which would make the overhead about 2.4%.

[Anonymous No.53005997]

>>53004735
question marks are not an argument

>>53003917
not an argument. look I want monero to work and be secure and private. the tech just isn't there yet. A lot of people are going to have their lives ruined when it fails. that happens when you put your trust in a project run by people that call anyone that points out it's flaws midwits, jeets and shills.

>>53004693
>Ever heard of quantum resistant lattice cryptography?
no, and your description makes it sound like it doesn't work and isn't part of monero

>>53003942
>>53001431
>>53001263
the long term trend is generally downwards and sideways, and probably most people who invested in it have lost, relative to BTC. This is happening despite it's immense popularity. Because the market expects it to crash when the government bans it, because normies can't obtain it, and because institutions can't or won't hold it. Fix those problems, and sure, maybe it will even surpass BTC. don't fix them and it's literally worthless.

[Anonymous No.53006127]

>>53005885
I see, I didn't know that. Just read up on compact block relay and you're right.

But from my understanding this assumes that all blocks have the same uncomfirmed txs to decypher the data. Doesn't that just shift the delay from block propagation to mempool propagation (ie if there are A LOT of txs being submitted to the network, those txs still need to reach every node in their unconfirmed form)?

Considering that, I think the argument about block size still holds up. It is mentioned here
https://en.bitcoin.it/wiki/Block_size_limit_controversy
in arguments against block size increase (4th bullet).

I remember in the 2017 bullrun the BTC mempool was full of unconfirmed txs, and it was only resolved by increasing the fees dramatically. Now you might say increased block size will clear the mempool, but those unconfirmed txs are real data that also needs to be propagated across the nodes, and if that data propagation slows too much the assumptions of Compact Block Relay also break down.

[Anonymous No.53006276]

>>53006127
I still don't get why the block size increase is a concern at all given the real-world goal of competing with ~30ktps of Visa.
If 1500tx generates ~10mb of metadata, then 15ktx will generate ~100mb of metadata — way below the limits of fiber.
Yes, residential connections like mine can not service such throughput, but I can spin up a node at a DC and it will have a 1gb/s connection with 99,999% availability.
Latency between the nodes seems to be a more likely cause of orphans than the number of bytes the consensus takes.

[Anonymous No.53006287]

>>52993483
FREED

[Anonymous No.53006354]

>>53006276
>Yes, residential connections like mine can not service such throughput, but I can spin up a node at a DC and it will have a 1gb/s connection with 99,999% availability.
The moment you start having to rely on other centralized infrastructure the fed can hijack the whole thing

[Anonymous No.53006383]

>>53006276
>Latency between the nodes seems to be a more likely cause of orphans than the number of bytes the consensus takes.
DagKnight can reach the upper limit of latency between nodes being the only limitation. But only because it has a mathematical system to incorporate all orphan blocks

[Anonymous No.53007572]

>>53004744
nigger jeet fk.

[Anonymous No.53007801]

>>53004001
>gov regs mean shit ultimately on a long enough timeline. they cannot suppress what cannot be suppressed


But the backlash sometimes affects public sentiment and, in a way, affects token prices. I've used Monero once, but I doubt those who think this will be adopted by the masses must be stupid and have brain dead cells. I will say this anytime: the area that's most likely going to brace mainstream adoption is payment solutions.

[Anonymous No.53008320]

>>53007801
what do you think about digibyte anon? or litecoin? I think these two might be an alternative to btc in payment

[Anonymous No.53009009]

>>53004818
>Based
That must be Railgun.

[Anonymous No.53009027]

>>53000000

get

[Anonymous No.53009121]

>>53005346
smart contract privacy systems have a future in defi. that's the best way to anonymize transactions.

[Anonymous No.53009931]

>>53009027
sick of seeing this get lmao

[Anonymous No.53009951]

>>53009121
>smart contract privacy systems

Lol

[Anonymous No.53010140]

It's funny, our position is similar to prospector prior to the gold rush

[Anonymous No.53010247]

>>52996597
>reminds me of something someone (Antanopolous?) said about BTC.
>If they do pull off a 51% attack, by obtaining 51% computing power, just change the algorithm and fork the bastards out. Then they have to start all over again...
>But the chain can be re-initiated from before the attack.

this is crypto 101. If THEY steal a chain, you just fork a new one or start from before the attacks. they lose billions of dollars, thanks for playing, want to attack again? all we get is a temporary inconvenience. That is why they force BTC so much, because they could barley take over this one archaic coin and they use their media machines to promote it, they 51% attack the mind of plebs, since THEY cant crypto as an idea

[Anonymous No.53010377]

>>53010247
the caveat on that is that you have to get the community to reach consensus on the details of the fork
I see this argument thrown around a lot with PoS shit as well, "oh if the majority stake of ETH is bought we just fork them out"
Okay, which stakers are you forking out, exactly? Who decides where the chain restarts from? The way I see it, it would just become a cringefest with various influential people splintering up the network, as what almost happened with the block size debacle

For PoW it is more straightforward, you switch the algorithm to before a 51% attack, which can be well documented. But even then there is still the debate about what algorithm, etc. Thankfully, there is a straightforward way to reach consensus: hash power. That's how the blocksize debate was settled. All the hashpower went to BTC, not BSV or BCH. (Note when you change the algo, hash power becomes a bit more of a fluid concept though)

[Anonymous No.53010684]

>>52993483
You're an ACTUAL fucking moron.

[Anonymous No.53010702]

>>53010684
kek

[Anonymous No.53011228]

>>53010684
>You're an ACTUAL fucking moron.

[Anonymous No.53011361]

>>52993483
I am master of my destiny. I have 99% of my NW in Monero. If it faild I will kill all of you, your families, friends, goth fake or not fake gf, will destroy your cultures, your portfolios, everything.

You better not cross me, faggots. This is not a warning, this is the reality. Monero WILL 100x by 2030 or I will end all existence. Q.E.D.

[Anonymous No.53011427]

>>53005997
>The tech isn't there yet
>The most used crypto on the dark net

It's no wonder you didn't respond to that anon who assblasted you earlier. You are a nigger.

[Anonymous No.53011444]

>>53011427
don't be mean to niggers.

[Anonymous No.53012662]

>>53011444
Checked. You’re right anon, we should be nice to everyone on Christmas.

[Anonymous No.53014143]

>>53011361
Are you a real thing ... or a concept?

[Anonymous No.53014174]

>>52993483
>DEFI will be mostly pointless outside of stablecoins.
At least y'all are beginning to see the importance of stablecoins in the ecosystem. Open your minds wider and you'll see that it also offers some good earning opportunities too.

[Anonymous No.53014308]

>>53014174
What opportunities are you talking about anon?

[Anonymous No.53014460]

>>53014308
Lending, yield farming and so on. Contrary to popular belief, staking stables is now quite an interesting and rewarding venture. I stake USDC and DAI on SpoolFi so I can tell you with all cockiness that it's not something to sleep on.

[Anonymous No.53014501]

stakeniggers love being broke

[Anonymous No.53014710]

>>53014460
>I stake USDC and DAI on SpoolFi
Is this the platform that allows users to create their own staking pools?

[Anonymous No.53014734]

>>53014710
does it matter you dumb faggot

[Anonymous No.53015011]

>>53014710
Yeah that's it. Heard about the much anticipated v2? It's gonna have much more lit features than what we have now.

[Anonymous No.53015044]

>>53015011
no it won't

[Anonymous No.53015074]

>>53011361
I just farted on your post lol

[Anonymous No.53015120]

>>52995490
This post is proof we are smarter than you.

[Anonymous No.53015388]

>>53011427
I think I responded to everyone wtf are you talking about.

darknets use it because people like you meme it, and maybe it is slightly better than the equally bad competition. Doesn't mean it's good enough to put my trust into.

[Anonymous No.53016353]

>>53011361
>>53011361
Based

[Anonymous No.53017840]

>>52996443
It might survive longer than you expect. Privacy is key and Zero-Knowledge tech is springing forth. That's more advancement with private transaction newfag.

[Anonymous No.53017847]

>>53009121
Yeah I can agree with you on that. There are already a few like Railgun and Aztec.

[Anonymous No.53017973]

>>53000677
i hope other midwits don't believe your retarded takes

[Anonymous No.53018129]

>>53004818
That's even better because you only get to allow anyone view the transaction with a view key. This happens on stash for Secret NFTs. I believe Railgun has such tech too.

[Anonymous No.53018159]

>>53004744
That's private transactions getting easier for new fags and privacy gaining adoption.

[Anonymous No.53018788]

>>52997016
CCIP + Monero swaps

[Anonymous No.53018831]

>>53007801
You should be the one who have a dead cell thinking Monero or other privacy would not be adopted by mass users. I personally give much value to my privacy.

[Anonymous No.53019340]

>>52993483
Privacy will be a big mover of crypto mainstream adoption

[Anonymous No.53019404]

>>52993483
>in 10 years time
no
either it stays as it is, or it becomes succesfull and gets killed by glowies. then gets replaced by a newer better privacy coin.

[Anonymous No.53019521]

What do you all think of Kinesis money? Literally cryptocurrency but it’s all backed by gold and silver and redeemable into gold/silver. The metal is stored in vaults all over the world so it’s like you can send gold via blockchain to any person in the world. Unfortunately when it comes to privacy it’s the exact opposite of monero. It’s extremely KYC and centralized. But it’s a stablecoin. You shouldn’t be TOO much of a skizo about KYC. I mean hell your owning gold and silver when you own KAU and KAG. And it can’t be robbed from your house. You can convert to monero anytime. Problem with monero is that while it’s very private, and anonymous it doesn’t have the features of gold and silver. It’s about as much real money as copper coins and paper dollars. It’s all based on people using it and faith in it. Could there be a stablecoin version of ultra private monero backed by gold and silver someday? I’m thinking of using monero when I want weed, but keeping KAU and KAG to protect my nest egg

[Anonymous No.53019556]

>>53001435
This depends on the privacy platform, with view key tech,audit can easily be carried out with the permission of the trnx initiator.

[Anonymous No.53019754]

>>53001426
This might also be dependent on privacy and its effectiveness in asset and transaction safety.

[Anonymous No.53019818]

>>53001710
I think the mixers utilized by TC had a lot to do with its clamp down. Privacy systems with Relayer like Railgun are better with more security and no loss of funds.

[Anonymous No.53019868]

>>53003970
Even in the privacy community, there are better systems with more modern tech than monero but the XMR jeets are always over their heads.

[Anonymous No.53019972]

>>52993483
I have some monero a meth head on discord told me guys prefer it to buy drugs online so I should hold some currently have 9

[Anonymous No.53020112]

>>53004744
Anonymous transactions and balance shielding features are a must have if you are looking to secure your assets in this current time.

[Anonymous No.53020190]

>>53017840
Zero-Knowledge tech has been a big upgrade for privacy systems, I cant wait to see what the future looks like.

[Anonymous No.53020644]

>>53017847
Based

[Anonymous No.53020753]

>>53018129
The view key tech is a game changer and imo a common ground for regulators and crypto Privacy.

[Anonymous No.53021400]

>>53004898
Haveno was a deadend project, no? main dev collected the donations and produced nothing kek

[Anonymous No.53021462]

>>53021400
the dev handed the project to cake wallet I believe
what a slime

[Anonymous No.53022154]

>>53017840
you must've misunderstood. i am a fan of monero and i'm not new. the global financial system is the foundation from which all mechanisms of control are derived. ideally monero survives, but realistically it will be destroyed and rendered useless by hegemonic powers. but hey, fingers crossed

[Anonymous No.53022506]

>>53021462
At least erc*iccione left along with it. He probably would've single-handedly killed the project before the first swap
>just list z-trash bro
>just add the cuck loicense bro
Probably would have shilled to 'just inserted a backdoor' bro

[Anonymous No.53022615]

>>53015388
>Because people like you meme it.

More like because smart people doing illegal shit dont want to get caught like stupid street niggers.

[Anonymous No.53022646]

>>53017847
just curious, which of those two do you think is most promising?

[Anonymous No.53024342]

>>52993483
Question, how does one move it back to fiat when every exchange asks for KYC and AML data?

[Anonymous No.53024376]

>>53024342
I don't think you can, Monero requires Bitcoin to survive. when monero gets regulated out of existence, it will 100% rely on atomic swaps from BTC > XMR

[Anonymous No.53024382]

>>53024342
Localmonero, or you can use Cake Pay to buy things, or you can convert to Visa / Mastecard prepaid. Or just find people irl.

[Anonymous No.53024850]

>>53024382
This

[Anonymous No.53025204]

What portion of
>owning nothing
didn t you comprehend?

[Anonymous No.53025267]

>>53024376

Horseshit. XMR/ETH atomic swaps are already done, LTC and BCH are next on the agenda.

https://www.reddit.com/r/Monero/comments/z5c9k7/ethxmr_atomic_swap_development_update/

[Anonymous No.53025320]

>>53024376
>Sorry your coinbase account has been frozen due to a detected atomic swap with an illicit token

>>53024382
last time I checked localmonero had like a dozen sellers, and I would not be shocked if they turned out to be feds/compromised. its not exactly hard to catch them in a sting, which was how localbitcoins sellers were eliminated. pic related

[Anonymous No.53025347]

>>53025320
What are your thoughts on Monero versus Bitcoin? You seem like a smart anon and got your bases covered. I'd really appreciate your input

[Anonymous No.53025464]

>>53024376

[Anonymous No.53025922]

this has to be sarcastic lmao, matic has already proven to be more successful otherwise we wouldn't have global brands and large companies working with polygon

[Anonymous No.53026349]

>>53024342
The more difficult it is to sell or convert Monero, the more the price will go up. Moonero baby.

[Anonymous No.53026478]

>>53025320
Check again lowercase-'h'ebrew, and I will never stop providing liquidity for liberty. Rather die in jail than be a slave. Not that that will ever happen, servants of the (((state))) can't even solve murders let alone go after internet kiddies and made-up numbers/information that they say has monetary value. Ride or die, bitch.

[Anonymous No.53026511]

>>52993483
No shit lmao. There is literally no other cryptocurrency out there that is good as monero in terms of privacy, something that was originally a core tenet of cryptocurrency. Bitcoin is only overvalued right now because of brand-name hype. If people actually researched cryptocurrencies, they would start investing in monero instead of irrelevant shitcoins. Zcash is like monero but not nearly as good because privacy is something that you have to toggle manually everytime you purchase something with it.

[Anonymous No.53026519]

>>52995778
By that logic, all other cryptocurrencies would be affected as well.

[Anonymous No.53026520]

>>53000677
>Muh quantum computah

Fuck off with that scam, quantum computers don't work.

[Anonymous No.53026527]

>>53001015
Maybe if countries in the west become authoritarian fascist 1984 shitholes, then people will start taking privacy seriously

[Anonymous No.53026583]

>>53002196
Big brain post