-
monerooo[m]
Are there other channels besides monero talk? In other languages?
-
Lovera[m]
Podcast channel? Or Monero related?
-
monerooo[m]
Related to monero
-
monerooo[m]
* Related to monero
-
monerooo[m]
Like the episodes. Only in other languages. Example
anchor.fm/elmonero
-
ocean[m]
-
monerobull[m]
Monero Mumble is dead
-
Lovera[m]
> <@monerooo:monero.social> Related to monero
-
Lovera[m]
> Like the episodes. Only in other languages. Example
anchor.fm/elmonero
-
moneraut[m]
I have been in the Zug area in Switzerland. Really nice place and crypto friendly. How is Monero perceipt in Switzerland ?
-
Lovera[m]
Well, I have a small YouTube Channel related to Monero in Spanish. ⤵️
-
Lovera[m]
-
moneraut[m]
Also there is real nice shop (bitcoin) in Zurich that will give people introductions to crypto with ATM and to chill out. Is there somewhere in the world similar to this shop but only focussed on Monero ? If not, maybe its great to set it up. A place where people can come together and explaining the crypto privacy math to visitors.
-
alexanarcho[m]
yep, deprecated
-
ofrnxmr[m]
I need to actually listen to it
-
plowsof11
monerobull alerted me today about an animated video series update
-
plowsof11
the long awaited video one, possibly in its final form
yewtu.be/watch?v=XJ6p-7GTMdo
-
ceetee[m]
this was a pleasant surprise, and I'd say it was fun to watch
-
ceetee[m]
lol I was expecting the other video
-
plowsof11
the actual animations are nice though yeah. the ending 'zoom out' and 'abrupt' outro was a bit janky
-
plowsof11
"The voice-over was contributed by ParaDexical (please let us know your Reddit handle!)"
reddit.com/r/Monero/comments/11k0kf8/animated_video_1_wrapping_up
-
plowsof11
we're
-
plowsof11
can i get a slow clap going?
-
plowsof11
pretend where in a board room, and this is the unveiling of 1 years work
-
ceetee[m]
have to watch it a few more times to see if I notice any not-good detail
-
ofrnxmr[m]
Because, it sounds like the same script, not sure of the bad info was corrected
-
zeoz[m]
Great work, beautiful animations, perfect dialog and voice... big thanks to the creators.
-
monerobull[m]
Compared to the old 2d animations, this is confusing and a strain on the eyes
-
plowsof11
how much does microsoft sam charge for the voice over
-
ofrnxmr[m]
zeoz[m]: Its auto subbed on yt
-
monerobull[m]
We also overpaid by 50% eventhough xmr isn't exactly all that high right now
-
zeoz[m]
plans for subs also or just voiceovers?
-
plowsof11
i was expecting a human to do the voice over , maybe im just too oldschool
-
plowsof11
look at the comment "ParaDexical here. So happy that I could lend my voice to this project, it looks fantastic."
-
plowsof11
he's saying its his human voice lol
-
ofrnxmr[m]
monerobull: ty
-
ceetee[m]
voice is very clear and understandable, that's what matters most to me
-
ofrnxmr[m]
Compared to the old 2d animations, this is confusing and a strain on the eyes
-
ofrnxmr[m]
^ not sure who the audience is
-
monerobull[m]
630$ per minute, the anime studio takes 800
-
ofrnxmr[m]
monerobull[m]: Geonic took 600
-
monerobull[m]
Kek
-
DanIsnotthemanBr
For the oscars?
-
plowsof11
5% voice-over actor well earned
-
plowsof11
i hope paradexical has enough time to voice over the rest of the videos for continuity
-
DanIsnotthemanBr
Or wateva
-
ceetee[m]
Text is sometimes hard to read, especially if the background is busy and on the fee comparison scene with tiny text
-
plowsof11
there was a trailer released for the monero movie but i have not seen it yet
-
ofrnxmr[m]
ceetee[m]: Not what the voice is saying?
-
ceetee[m]
Should be the same voice for all, yeah
-
ofrnxmr[m]
The voice is a huge improvement
-
ofrnxmr[m]
But the script matters lolz
-
ofrnxmr[m]
Its not a hobby, its supposed to be pitched to merchants
-
plowsof11
i just think its funny that someone is using microsoft sam and claiming its their own voice in broad day light
-
moneraut[m]
Great video and graphics. Really nice vibe. But is there a transcript of the video ? I thought I heard something strange.
-
ofrnxmr[m]
There is a transcript to all of the videos. Please read them 🙏
-
plowsof11
anyway, not a problem , it sounds clear/better than the original
-
DanIsnotthemanBr
So this came through css
-
monerobull[m]
I wouldn't dare to show that video to anyone tbh
-
ceetee[m]
ofrnxmr[m]: I was commenting on the "this is not a human" statement
-
ofrnxmr[m]
Im just agreeing that, at least, I can hear what is beingnsaid no
-
plowsof11
5% voice-over actor ceetee please
-
DanIsnotthemanBr
Maybe xmrgptchat can write the script
-
monerobull[m]
I also thought the voice was ai
-
plowsof11
it IS ai
-
plowsof11
the monerochan ai was better though (watever software that was)
-
monerobull[m]
Oh.
-
ofrnxmr[m]
DanIsnotthemanBr: Monerobull already rewrote a better version
-
ofrnxmr[m]
Keanu one was fire too
-
monerobull[m]
plowsof11: What i said
-
moneraut[m]
ofrnxmr[m]: Where can I find it ?
-
plowsof11
this voice is literal 'microsoft excel - type "poop" and play out loud in class circe early 2000's
-
ofrnxmr[m]
Sorry, got distracted. Grabbing link
-
ceetee[m]
plowsof11: you know my voice, I think there are mor qualified people :p
-
plowsof11
s/circe/circa
-
monerobull[m]
I vote axe the remaining videos
-
ofrnxmr[m]
-
monerobull[m]
monerobull[m]: There are 36 xmr left
-
plowsof11
my voice is terrible, im not a voice over actor though :(
-
plowsof11
bots taking our jerbs
-
monerobull[m]
Shit like this is precisely why we don't pay out everything beforehand
-
plowsof11
releasing the raw files would be ideal also (animations without text / voice over etc)
-
ofrnxmr[m]
"Monero's low, _flat fees_"
-
ofrnxmr[m]
"while retaining the advantage of cash where there is _no central point of failure_ and hence no potential downtime"
-
ofrnxmr[m]
Ladies and gents. The internet does not exist
-
DanIsnotthemanBr
Not sure why video get funded unless it was made with monero tech or benefits monero
-
ofrnxmr[m]
Which 😂
-
DanIsnotthemanBr
s/video/videos/
-
plowsof11
i dont want dsmlegend to shout at us / get angry again :(
-
ofrnxmr[m]
DSM needs to quit while hes ahead
-
ofrnxmr[m]
Im with Monerobull. Pay them for 1 video and close the ccs
-
monerobull[m]
The video is DOGWATER
-
ofrnxmr[m]
monerobull[m]: Dont insult ass
-
monerobull[m]
We massively overpaid
-
ofrnxmr[m]
This is donkey
-
monerobull[m]
This is ass
-
monerobull[m]
Ai voice
-
monerobull[m]
What a joke
-
DanIsnotthemanBr
YOUR CRASHING ELEMENT !! Slow down
-
plowsof11
this is art, gatekeepers^^^^ !
-
ofrnxmr[m]
The animations = pretty, but meaningless to target audience
-
ofrnxmr[m]
the script = incorrect
-
ofrnxmr[m]
The voice = lol
-
d34d8its[m]
If I have a wallet with multiple with multiple accounts, sub addresses per account, is there a way to move monero between the accounts without incurring a transaction fee?
-
DanIsnotthemanBr
Nope blockchain
-
d34d8its[m]
Got it, thank you.
-
monerobull[m]
d34d8its[m]: Accounts are seperate so no
-
ofrnxmr[m]
d34d8its: er.. perhaps?
-
monerobull[m]
> <@ofrnxmr:monero.social> The animations = pretty, but meaningless to target audience
-
monerobull[m]
> the script = incorrect
-
monerobull[m]
> The voice = lol
-
monerobull[m]
AXE AXE AXE 🪓
-
d34d8its[m]
s/with multiple//
-
plowsof11
d34d8its: send me the transaction fee bill , ill see if i can compensate you
-
ofrnxmr[m]
Lmao
-
monerobull[m]
This is my new target
-
ofrnxmr[m]
Rayatina?!?!
-
monerobull[m]
Getting this shit ccs axed
-
DanIsnotthemanBr
Lol
-
ofrnxmr[m]
Plowsof
-
plowsof11
but you didnt make a better version (for free) so consensus = achieved sorry
-
DanIsnotthemanBr
Target acquired
-
DanIsnotthemanBr
🚀🤔
-
monerobull[m]
I LITERALLY DID
-
ofrnxmr[m]
Were killing this
-
plowsof11
hahaha
-
ofrnxmr[m]
luigi1111: do the thing
-
ofrnxmr[m]
Its almost a random Tuesday
-
ofrnxmr[m]
Plowsof, hurry and ask "going one.. going twice.."
-
ofrnxmr[m]
Netflix made a better ad for free
-
monerobull[m]
I will make the remaining videos for free with better scripts, better voice acting and only somewhat worse animations and all i want is for the funds to go to the general fund
-
monerobull[m]
We can have them voiced by Keanu reeves lmao
-
ofrnxmr[m]
You mean, funds are earmarked for a future ccs, to be voted on as to how tonredistribure
-
ofrnxmr[m]
Speaking of which
-
ofrnxmr[m]
Since were all here - @plowsof, can you repeat the idea you had about acceptxmr?
-
plowsof11
im off the clock / on vacation - after the 9th i will be shilling the animated videos as the best thing we've ever seen
-
ofrnxmr[m]
So we can merge today
-
ofrnxmr[m]
And close animated videos at the same tome
-
DanIsnotthemanBr
monerobull[m]: Can always use bing ai in celebrity mode
-
ofrnxmr[m]
Plowsof keeps daydreaming
-
ofrnxmr[m]
Off the clock lmao
-
plowsof11
acceptxmr right, BusyBoredom has some thoughts about the suggestion
-
ofrnxmr[m]
Yes Sir, acceptxmr
-
ofrnxmr[m]
I forgot what it was, do you remember?
-
plowsof11
which was to, use gupax as a precedent - which was 20xmr for 1 year maintenance
-
ofrnxmr[m]
So total for accept xmr =?
-
plowsof11
as it stands acceptxmr is only 6xmr (because he made use of the 30xmr budget)
-
ofrnxmr[m]
BusyBoredom: with the added maintenance, can you go 12 months from date of fully funded? Instead of retroactive
-
monerobull[m]
I've had it up to the BSV transaction count with the ccs
-
plowsof11
as it stands now its using all xmrsales funds (30xmr) - but we could guage community sentiment' by letting it raise 14 xmr for 1 year maintenance (so 6 + 14) but busyboredom has other ideas
-
ofrnxmr[m]
monerobull @monerobull:matrix.org: can we please move to close animated videos at meeting
-
monerobull[m]
monerobull[m]: I should just never look at it again
-
monerobull[m]
And never join another community meeting
-
monerobull[m]
If people to get scammed they can go ahead
-
monerobull[m]
* If people want to get
-
plowsof11
this is a case of 'we want to give you more xmr to maintain it, and set a realistic amount for future proposals to start from' but boredom is happy to do it for 6, without issue
-
ofrnxmr[m]
plowsof @plowsof:matrix.org: *
-
monerobull[m]
Do we even HAVE to pay them
-
plowsof11
work done = work paid (mj precedent)
-
ofrnxmr[m]
Plowsof
-
monerobull[m]
They delivered garbage. Sure they did work but it's garbage
-
monerobull[m]
Ah
-
monerobull[m]
Yeah
-
monerobull[m]
That
-
DanIsnotthemanBr
Lifetime maintenance
-
ofrnxmr[m]
Monerobull
-
ofrnxmr[m]
Are youbguys smoking?
-
plowsof11
if i claim to have done the work****
-
ofrnxmr[m]
Mj DOES NOTBFUCKING SET ORECENDEDNYRNSBDBDS
-
ofrnxmr[m]
smh
-
ofrnxmr[m]
His tf are you using a scam as precedent
-
DanIsnotthemanBr
So loud
-
monerobull[m]
The system is rotten. Burn it down
-
plowsof11
if i say, ive just had took a shit in the woods after setting my laptop up for remote work and i want payment for the 12 hours i spent doing that, then i will be paid - and accept the "reputation hit
-
ofrnxmr[m]
Pay them for video 1, and stop this shittrain
-
monerobull[m]
ofrnxmr[m]: Mad that we even pay them but they are making out like a bandit
-
DanIsnotthemanBr
But if no one else is in the woods how do you know they took a shit
-
ofrnxmr[m]
What Dan said
-
ofrnxmr[m]
And stfu plowsof, mr 9 months is 3
-
ceetee[m]
> <@ofrnxmr:monero.social> "Monero's low, _flat fees_"
-
ofrnxmr[m]
Flat fees is bs
-
ceetee[m]
> "while retaining the advantage of cash where there is _no central point of failure_ and hence no potential downtime"
-
ceetee[m]
flat fees, as in no variable percentage on top. Merchants don't care if it's 1ct or 5ct
-
ofrnxmr[m]
They are not flat at all
-
ofrnxmr[m]
They only appear flat because blocks arent full
-
ofrnxmr[m]
They arent even flat from 1 minute to the next
-
ofrnxmr[m]
Fees can be much higher than 2.5%
-
RavFX[m]
I just look at my TX, each one do have a slightly different fee (for 1:2 TX)
-
bridgerton[m]
<BobbedBort> isn't the "flat fees" in the video in reference to the fact that paying more doesn't increase the fees, unlike with other payment processor networks?
-
ofrnxmr[m]
Free to use, flat fees, its all bullshit
-
ofrnxmr[m]
If merchant accepts 1500 tx in a day, they need to consolidate
-
ofrnxmr[m]
That costs money.
-
ofrnxmr[m]
@bobbed thats not true per amount
-
ofrnxmr[m]
But not per output.
-
ofrnxmr[m]
You pay more if you have more outputs.
-
ofrnxmr[m]
Or more inputs.
-
BusyBoredom[m]
The suggestion was to increase the maintenance budget to 20 XMR to be in-line with the price of maintenance for past projects (like gupax) and the raise the additional XMR through CCS so that AcceptXMR would have donor exposure (allowing donors to be the final approvers of AcceptXMR).
-
BusyBoredom[m]
I gave the suggestion a little pushback because I already agreed to do the maintenance for 6 XMR, and I'm worried that increasing the price would be seen as a cash grab by me even if the current price is basically charity.
-
BusyBoredom[m]
I think since the realistic alternative to AcceptXMR is gto give the 30 XMR to the general fund (which the donors don't really have a say in anyway), it's in the best interest of the donors to fund AcceptXMR as is. It's closer to the donor's initial intent than anything else available.
-
ofrnxmr[m]
That is** true per amount*** but not per output/input
-
BusyBoredom[m]
Sorry for typos, I'm on mobile
-
ofrnxmr[m]
Busy, its not a cash grab
-
ofrnxmr[m]
Animated videos are, at 400/hr
-
ofrnxmr[m]
Sorry, per min
-
ofrnxmr[m]
Would you he willing to extend maintenance to 12 month from fully funded date?
-
monerobull[m]
ofrnxmr[m]: And we pay 4.5 xmr per video
-
ofrnxmr[m]
-
monerobull[m]
* And we pay 4.5 xmr per minute
-
BusyBoredom[m]
Dang as soon as I sent that, matrix loaded like 20 old messages I hadn't seen.
-
BusyBoredom[m]
Sure I would gladly extend the maintenance to 12 months from funding date for the additional XMR
-
ceetee[m]
hard disagree buzyboredom. It's important work, and you were underselling yourself before
-
monerobull[m]
The payment gateway is worth so much more than this shit video
-
MajesticBank
why does monero eco-system people don't get CCS funding btw, they really deserve it
-
MajesticBank
when talking about gateway
-
ofrnxmr[m]
Erciccione?
-
ofrnxmr[m]
Monero ecosystem is a place where devs sort of give up repo rights
-
ofrnxmr[m]
Cool idea, but doesnt seem to be relevant anymore
-
ofrnxmr[m]
Maybe im wrong?
-
ceetee[m]
The video isn't as bad as you make it sound. Maybe bad value, BUT it highlights the key points that are important for merchants. The script issues you @ofrnxmr mentioned are nitpicking, maybe instead of flat fee call it "low fee independent of transaction value", because thats how I understood it. We had *much* worse work
-
ofrnxmr[m]
Its not nit picking
-
ofrnxmr[m]
I stopped like 2 lines in
-
ofrnxmr[m]
I didnt have to look far or hard to find confusing, or straight up incorrect info
-
MajesticBank
-
ofrnxmr[m]
And ceetee
-
ofrnxmr[m]
That suggestion was made, (tonrefer to it as a low fee etc), suggestion was not taken
-
MajesticBank
-
MajesticBank
-
ceetee[m]
ofrnxmr[m]: that's ... bad
-
ofrnxmr[m]
Majestic
-
ofrnxmr[m]
Do they want money?
-
Rucknium[m]
-
Rucknium[m]
Good, balanced info there
-
bridgerton[m]
<BobbedBort> > You pay for the weight of your tx.
-
bridgerton[m]
Yes, thought for a non-technical person trying to explain transaction weights in an introductory video is unneeded. So saying it's "flat-fee", while it might not be factually correct, it does a "good enough job" and for example shows a merchant who does higher priced items that with Monero you needn't worry about the product's price (or the transaction's value in general).
-
monerobull[m]
ceetee[m]: And it's not like they had to reshoot with their voice actor....
-
ofrnxmr[m]
>RSVP! CASH FLOW STRATEGIES FOR SMALL BUSINESS EVENT — 3/30 @ 12 PM ET... (full message at <
libera.ems.host/_matrix/media/v3/do…98890a193ac7375bf43ca3810d2d492348f>)
-
monerobull[m]
We got scammed
-
monerobull[m]
Last video was nothing like this
-
ofrnxmr[m]
Oh ffs
-
monerobull[m]
Had nice looking 2d and an actual VA
-
ofrnxmr[m]
Sorry irc. Bad paste
-
ofrnxmr[m]
> Merchants are responsible for paying transaction fees, as well as setup fees for many payment processors. PayPal, for instance, charges close to 4% per transaction (and sometimes more). Cryptocurrencies charge much lower fees, if any. Some Bitcoin exchanges offer fees under 1%. Likewise, if your business serves customers overseas, cryptocurrencies can help avoid international currency payment fees.
-
ofrnxmr[m]
^ accurate info
-
ofrnxmr[m]
Zcash has flat fees
-
ofrnxmr[m]
See the difference?
-
Rucknium[m]
U.S. Chamber of Commerce says it is the largest business association in the world. Businesses might listen to it.
-
ceetee[m]
I saw the difference from the beginning, but think it is irrelevant
-
ofrnxmr[m]
Maybe if we were wownero
-
ofrnxmr[m]
But were monero. It matters
-
likhujy[m]
i have always the same fee for xmr transactions
-
likhujy[m]
i thought it was fixed
-
ofrnxmr[m]
Try twice in a row 5 minutes apart lol, its not fixed
-
likhujy[m]
how much does it goes up?
-
ofrnxmr[m]
Its very close (0.00003367 vs 0.00003363) one day, bur the next may be 0.000041
-
likhujy[m]
yeah usually is that
-
ofrnxmr[m]
And under congestion, "normal" ala automatic fee auto adjusts to account for congedtion. it goes up dynamically. Its anything but fixed
-
ofrnxmr[m]
Or flat
-
likhujy[m]
so the tx price varies depending on how many transactions have you mane instead of the amount of xmr you transact?
-
ofrnxmr[m]
Based on the amount of transactions you recieved that need to be combined to make an outgoing tx
-
ofrnxmr[m]
If you receive 0.25xmr 4x, and send 1xmr, you send 4inputs 1 out
-
ofrnxmr[m]
Which costs more than if you received 2xmr and then sent 1, in a 1 in 2out tx
-
ceetee[m]
according to my napkin math, under the worst case it will remain below the 35ct minimum paypal fees (assuming the standard low 2in2out)
-
ofrnxmr[m]
Merchants dont use 2in
-
likhujy[m]
what is considered "congestion?
-
ofrnxmr[m]
They'll have to send 146in tx
-
ofrnxmr[m]
likhujy[m]: 300kb + in tx pool
-
ceetee[m]
yes, they use 146in tx, but that means they had 146 paying customers
-
likhujy[m]
so if monero get mass adoption it will always be congested?
-
ofrnxmr[m]
Yep. So how to say customers pay the fees is a lie
-
ofrnxmr[m]
Merchants have to pay the same fee on the backend
-
ofrnxmr[m]
And customers dont pay 1 in 2 out, they pay whatever they received
-
ofrnxmr[m]
Which could be 40 in, 2 out if the customer is spendinf small outputs
-
Rucknium[m]
likhujy: No it has a dynamic block size to specifically reduce fees if mass adoption occurs.
-
ofrnxmr[m]
Or could be 1 in 2 out if customer is spending large outputs
-
ofrnxmr[m]
Rucknium[m]: And the fee scales with the blocksize
-
ceetee[m]
likhujy: no, the blocksize is allowed to grow (slowly) if there is consistent demand. For short term demand the block size can stretch up to 2x, at the cost of higher fees
-
ofrnxmr[m]
Higher fees which are automatic
-
ofrnxmr[m]
Unlike BTC, monero doesnt allow setting the fee precisely within wallet ui's
-
likhujy[m]
well i guess mass adoption would also mean block being found more quickly, which would improve transaction time and therefore reducing tx on wait line
-
ofrnxmr[m]
So you cannot set a fee "too low". You can opt to set fees below the dynamic block size, but you cannot choose to send fees of 0.00002 or 0.00005 for example.
-
ofrnxmr[m]
The gee is chosen by the wallet softwsre, and further by the node itself
-
ofrnxmr[m]
likhujy: not quite.
-
ofrnxmr[m]
The mining difficulty readjusts to account for increased hashrate.
-
ofrnxmr[m]
The target block time will always be 2minutes (unless changed in the code)
-
likhujy[m]
damn! why?
-
likhujy[m]
it would be great if it were faster
-
ofrnxmr[m]
Why do you need faster?
-
likhujy[m]
to pay faster lol
-
ofrnxmr[m]
The money arrives in seconds
-
ofrnxmr[m]
The confirmation takes 10+ seconds
-
likhujy[m]
to make another transaction faster
-
ofrnxmr[m]
With a target of under 2mins til first confirmation
-
ofrnxmr[m]
likhujy[m]: So then youre referring to the 10 block lock
-
likhujy[m]
sure
-
likhujy[m]
if those 10 block could be found in half a time..
-
ofrnxmr[m]
20 mins where funds are locked.
-
ofrnxmr[m]
You can get around thus BT splitting outputs
-
likhujy[m]
wouldnt it be better?
-
RavFX[m]
the lock is a feature so you don't get invalidated decoy in an event of a reorg
-
ceetee[m]
with Seraphis transaction chaining is possible, right?
-
likhujy[m]
yeah i know there are ways around this. i'm just saying having block founds in less than 2 minutes would be kinda good..
-
ofrnxmr[m]
Examole. If you send yourself 0.2xmr 10 tomes, you can spend 0.1 repeatedly, 20 times
-
RavFX[m]
But for merchands it change literally nothing
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RavFX[m]
And if you use monero for real it also change nothing. (because you are very likely to have more than one output to spend
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ofrnxmr[m]
Yup
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ofrnxmr[m]
Merchants will have hundreds of outputs to choose from and wont be effected by 10 block locks unless they repeatedly consolidate (sweep to cold wallets)
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ofrnxmr[m]
(Im thinking the use case for repeated consolidations would be for* merchants to sweep to Coldwallets)
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likhujy[m]
so decreasing the time it takes to find a block would have no benefit at all?
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ofrnxmr[m]
None
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ofrnxmr[m]
It was 1 minute when monero first launched
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likhujy[m]
what about less tx in mem pool
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ofrnxmr[m]
Confirmations dont mean anything if the blockchain can be reorged deep enough
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RavFX[m]
likhujy[m]: At the end it's the same, more blocks with less tx will use roughly the same amount of space
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ofrnxmr[m]
But more io, id assume
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likhujy[m]
sure thats true
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likhujy[m]
but would it mean less tx fees because less congestion?
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RavFX[m]
ofrnxmr[m]: Yeah, more bandwidth because more blocks to propagate after a miner mine it
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ofrnxmr[m]
likhujy[m]: No
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ofrnxmr[m]
It would mean flooding the network for cheap
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ofrnxmr[m]
The tx fees agent an issue for users etc. The only arguement im making is that they are not flat
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likhujy[m]
so it would be cheaper?
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ofrnxmr[m]
Even less than less than 1c, perhaps?
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likhujy[m]
k
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likhujy[m]
not a lot
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ofrnxmr[m]
But flooding takes dollars
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likhujy[m]
unless you live in venezuela
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RavFX[m]
likhujy[m]: would change nothing for the fees
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RavFX[m]
They stay "minimum" and when we will get to a point that we fill block, if there is enough TX in the mempool, like to fill 2-3 blocks, then one miner will mine it all because its going to be more profitable than not biting the penality. so even peoples making TX at minimum fee will get mined quite fast at the end
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ofrnxmr[m]
Yupp
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ofrnxmr[m]
We already have that exact problem with 2min blocks on daily charts haha
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likhujy[m]
k got it
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ofrnxmr[m]
The Tldr is that: for end users, fees should remain negligble.
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ofrnxmr[m]
This video is for merchants.
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ofrnxmr[m]
Fees are definitely not fixed for them and can make massive differences.
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RavFX[m]
s/to/over/, s/fill/15k/, s/2-3 blocks/tx/
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RavFX[m]
s/to/over/, s/fill/7.5k/, s/2-3 blocks/tx/
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RavFX[m]
It's simple impossible with monero, by design, to make a TX at full fee and have to wait 10 hours because it append you made a TX while ton of people decided to make a TX (That append to me more than one time on BTC shitcoin, one time got to wait over 20 hours because max fee was not enough)
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likhujy[m]
can you actually choose tx fee in xmr?
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merope
<ofrnxmr[m]> "And under congestion, "normal..." <- The baseline fee per byte goes *down*, actually (though slower than the block penalty, so there is still equilibrium). However, users who want priority might choose to pay a higher fee multiplier
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RavFX[m]
likhujy[m]: Not with monero official wallet.
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RavFX[m]
With some other wallet you can but it only make you're TX flash bright fushia
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merope
likhujy[m]: The official wallets calculate a "baseline" fee, and allow you to pick higher fee multipliers for higher priority (1x, 4x, 20x, 144x iirc)
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merope
> <@gfdshygti53:monero.social> Not with monero official wallet.
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merope
> With some other wallet you can but it only make you're TX flash bright fushia
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merope
Huh? Sure you can
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RavFX[m]
hmm, somehow I thought that that option did nothing
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merope
It "does nothing" in the sense that there's no point in paying more when the blocks aren't full
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RavFX[m]
* did nothing (read it here a while ago, people where complaining that putting higher fee with the wallet and the wallet was still sending at base fee)
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likhujy[m]
so when the tx gets "received" after 10 seconds, why so many sites make you wait until like 6 confirmations? is there a way to reverse the tx after the firsts confirmations?
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RavFX[m]
likhujy[m]: normal stuff again double spend.
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RavFX[m]
the norm is since a long time 3 confirmations (6 minutes)
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RavFX[m]
People accepting bitcoin also usually set it to 3 confirmations (30 minutes)
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merope
Once a tx is in a block, it's permanently written in the blockchain. Until then, it "doesn't exist", so you haven't actually received the money yet
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RavFX[m]
some merchands accept 0 confirmations or 1 confirmations monero, it's really up to the merchand or payment processor
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merope
^
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likhujy[m]
so 1 its pretty much safe?
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likhujy[m]
i mean to double spend you have to make 51 attack..
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RavFX[m]
1 should be safe but it's good measure to wait more (if these is a split or something)
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RavFX[m]
one extra block of waiting or you have to maintain that 51 % attack for longer AND have to mine all the blocks during the attack
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merope
There's a thing called "chain reorg" - basically, miners end up mining two different blocks for the same height at the same time (typically by accident), so the chain is temporarily "split up"
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Lovera[m]
What is the tdlr with video animate ?
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RavFX[m]
Lovera[m]: We got scammed as I understand
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merope
At some point, one of the two chains will prevail and the other will be discarded
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Lovera[m]
RavFX[m]: Fuck
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merope
So if some txes were only added in the discarded chain but not in the winning one, they will "disappear"
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likhujy[m]
man that sounds complicated
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merope
So if you really wanna make sure that that doesn't happen to you (as a receiver), you wait a few more confirmations
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likhujy[m]
didnt know anything about "chain reorg"
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likhujy[m]
how tf can they mine 2 different block?
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merope
likhujy[m]: For a regular user, not really. You just send your tx as usual and wait until the wallet shows that it was confirmed X blocks ago, that's it
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RavFX[m]
likhujy[m]: it's a decentralized network.
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RavFX[m]
It's not impossible that two miners at opposite side of the world mine a block about in the same time.
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RavFX[m]
miner1 send it's mined block to the network
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RavFX[m]
miner2 send it's mined block to the network 9ms later because it did not see the block from miner1
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merope
likhujy[m]: Blockchain data is sent from node to node across the whole world. Some have slower connections, or high latency, or very slow peers - so it takes a little while before everybody is on the same page
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likhujy[m]
well thanks for the explanaiton
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merope
We're talking about 10-20 seconds from one end of the network to the other - but since the target block time is 120 seconds, the probability that this happens is actually not that low
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merope
But nodes and wallets usually handle this stuff automatically
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merope
So you won't even see it most of the time, unless you're specifically looking for it
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DanIsnotthemanBr
Double mine
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moneraut[m]
<ofrnxmr[m]> "moneraut:
gitlab.com..." <- Thx
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moneraut[m]
For this video the visuals are really great but there are some scenes where the blue, orange cubes against a background of black, white and blue cubes that is really hard to see.
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moneraut[m]
0:50 to be exact