00:00:16 we need a emergency fork to increase fees 00:00:22 Lol 00:00:25 nono 00:00:27 Chill out 00:00:45 subcents for privacy tx ? lol 00:00:47 60k/xmr @ 0.00003xmr fee is over a dollar 00:01:04 BTC mempool tx count: 5.92 times larger than XMR 00:01:05 BTC mempool size (data): 8.00 times larger than XMR 00:01:05 Bitcoin is bloating harder than Monero with it's oh-so-massive private transactions. 00:01:07 when its 60k come back and ask to lower fees 00:01:15 No 00:01:24 I dont value my monero in $ 00:01:30 I value it in monero 00:01:54 sorry too many monero in market to allow spam forever 00:01:59 we need to get the Monerotopia tickets changed to XMR 00:02:01 and monero is 1:1 better than btc. So, at this rate, btc went from 1k>60k. We can too 00:02:04 https://monerotopia.com/ 00:02:22 Well pnd 00:02:39 I have solutiona that dont involve rolling back changes when usd value says so 00:02:51 dude we cant even go above 150 lol 00:03:01 Says who? 00:03:08 btc was taken in by banks 00:03:13 I havent sold under 180 in over a year 00:03:25 I dont sell my xmr to binance lol 00:03:33 you not selling, doesnt mean i cant buy it below 150 rn 00:03:37 That attack just prove that Bitcoiners are scared af of Monero.. 00:03:38 Meaning, they know... 00:03:43 Or at whatever cmc says kucucks and coinexgf says 00:04:01 You can buy under 150? 00:04:08 ah again, its a attack on privacy and monero in general 00:04:10 0.00003 xmr fee for 1in/2out is not a low fee in xmr terms 00:04:10 Someone else just msg me and said they tried, and cant wd 00:04:18 need to pump price :) 00:04:32 Niocat gets it 00:04:44 obviously look around 00:04:54 yes its an attack on privacy 00:05:04 But yknow what, 🤷‍♂️ 00:05:21 .seen chicken little 00:05:24 Were just gonna fix some problems and laugh while doing it 00:05:32 how many txs can you do with 1000xmr , which you can buy right now without moving price much 00:05:41 Watch these ppl waste their $ and donate the xmr back to miners 00:05:57 liez 00:06:07 You cant buy 1000 xmr without moving the price 00:06:18 oh wait for a few news articles and price drops and they will buy more and keep repeating 00:06:24 Go show me what exchange has that liquidity ACTUALLY AVAILABLE TO WITHDRAW 00:06:32 None 00:06:46 kraken tradeogre kucoin 00:06:51 mexc 00:07:06 Mexc = kucoin = binance 00:07:12 let them cook 00:07:18 file 1709838573899536.jpg too big to download (2290260 > allowed size: 1000000) 00:07:19 1709838573899536.jpg 00:07:35 tradeogre has KAS for sale that isnt even on the right chain 00:07:55 Kraken? Joking right? 00:08:05 you can withdraw from kucoin, i dont use it though 00:08:07 Why I always think about Malwarebytes when I see theses?!? 00:08:13 last time i looked at depth, it was nowhere near low slippage 00:08:31 whats the joke ? i have not had a single withdrawal issue with them 00:08:32 I used to use kucoin pre kyc, and respected them until o saw 9m xmr for loan 00:08:51 you dont need to market buy 00:08:59 How can i margin borrow 9m xmr? Oh yeah, cuz its fake 00:09:01 Mexc honored all my withdraws issue so far 00:09:11 Kucoin never gave me any issues 00:09:20 So it's far better than Binance lol 00:09:42 yeah, both are. Bcuz they get away with the stuff binance cant 00:09:55 But look at particl on mexc and look at the volume 00:09:57 does anyone know what happened to https://cointelegraph.com/news/huobi-to-delist-monero-and-other-privacy-coins-citing-regulatory-pressures 00:10:00 Okay back to the topic, with 1000xmr you can do 33 million txs 00:10:07 because htx ( = huobi ?) delisted monero again in 2024 00:10:37 do we have enemies who cant shell out 1000xmr ? 00:11:45 Oi 00:11:51 Pnd, go to #monero 00:11:54 Were offtopic 00:12:08 ahhhhhhhhhhhh 00:12:16 we grew by 0.33 gb in the last 24 hours 00:12:23 Omg 00:12:27 Lemme call mt btc friends 00:12:31 We need smaller blocks 00:12:39 a shattering 118.8 GB per year oh no 00:12:46 Im gonna die 00:12:53 When om 77, ill have to buy 2tb 00:13:03 This is not feasible 00:13:08 check back after a week 00:13:09 thats like almost 15€ in SSD cost! 00:13:30 https://matrix.monero.social/_matrix/media/v1/download/matrix.org/puPPXrOFGRiEZuYGBtaPxUTu 00:13:30 how can we cope 00:14:16 oh yes, and users waiting for tx to confirm forever bcoz 10 block wait is so normal 00:14:39 My phone has like 10gb free 00:14:41 Hmmm, Signal is down 00:14:41 It's like everyone ddosing everyone or what lol 00:14:44 anyone here even uses monero lol 00:14:49 sounds like btc is for you 00:14:52 yes i did 00:14:56 Its pruned, im ok for a few a while 00:15:05 literally today 00:15:07 Of course lol 00:15:07 at peak mempool 00:15:09 for 1.6 cents i got into the very next block 00:15:19 terribly unusable 00:15:40 absolutely terrible 00:15:42 yes and your wallet didnt select that fee by default lol 00:15:48 Yeah, lol, compare that to bitcorn lol Next block is... what..?!? only 1.31$ lol, smell fishy 00:15:55 Pnd - it was supposed to. its a bug 00:16:19 which is fixed in the next release 00:16:31 Might be fixed real soon 00:16:35 Hmmm, Signal is down <<>> hope not in an hour cause cat2 has her nightly video call 00:16:39 The scaling algorithm is just getting started. On the positive side I hope this is a learning opportunity. Everyone has been spoiled by low volume and zero congestion. First lesson might be "Pay minimum fees, expect minimum service." 00:16:40 ya, lets see how soon its fixed in all wallets and if attacker adopts to it lol 00:16:55 Pnd.. hacker PLANNED for it 00:17:05 Fixing it makes attack a lot easier 00:17:15 Attacker* 00:17:17 which is funny 00:17:31 now they just sit there 00:18:02 whoever irs hired, i hope they get -625k for wasting their time 00:18:26 kek 00:18:38 Tell irs to donate to ccs and maybe we'll show them how its done, the day before releasing the fix 00:19:16 i see, what about effective ring size ? 00:19:34 Already bad 00:20:00 so any fix for it ? 00:20:23 ring size used to be 7 00:20:23 yea 00:20:34 Ring size is probably 4 rn 00:20:52 use wownero, ring size is 22 00:20:57 It was about 13 00:21:02 Wowneros ring size is like 2 rn 00:21:24 what if the attack keeps doubling for days ? do we reach 2 ringsize with current dsa 00:21:28 buy wownero now since cake is adding it 00:21:31 price might go up 00:21:35 what if __________ 00:21:37 not financial advice 00:21:51 no, we reach full txpool in 3 days 00:21:58 yah plan for it lol 00:22:09 Aka you must use higher fees 00:22:21 And at that point, the attack becomes costless 00:22:39 As we pay for blockspace, and they just squat the txpool, forcing us to pay 00:22:57 it is costless 00:22:58 Maybe it's a Bitcoiner churning his Monero for "privacy" 🤪 00:23:10 its not costless, as you burn tx fees 00:23:28 The number of outputs tells me its someone who created these prior 00:23:38 effective fee is zero in terms of fiat 00:23:49 ofrn in that case 00:23:52 https://matrix.monero.social/_matrix/media/v1/download/matrix.org/eqfBodypfmIjADQOqDzwpdDm 00:23:57 dont use the chain till pool is cleared :P 00:24:11 monero has had daily oscillating tx count (abnormal. Only happens on xmr) for years, + 1/16 spam "attack" years ago 00:24:13 so dont use monero in short lol 00:24:32 Mine minero and let em burn their spam 00:25:14 free money from transaction fees 00:25:42 if you cant use monero, the utility value drops to ground 00:26:38 Monero still very usable. 00:26:38 I assume some wallet need some fixin for there auto fees shenanigans 00:26:42 yeah they just need to keep this up forever 00:27:23 It's good stress testing. 00:27:24 xmrchain need some fixing 😂 00:27:26 they have done it on btc, they cant do it on cheap xmr ? 00:27:58 monkey jpegs 00:28:31 once we start using the very expensive fee of 2 cents for a tx the blocksize will increase faster and clear the backlog 00:28:55 😮 2 cents 00:29:14 vs 0.5 now 00:29:21 yes, just need to do PSA and fix wallets 00:29:33 https://matrix.monero.social/_matrix/media/v1/download/matrix.org/LEPYNuUtPjxIlMMvRQvPdFZa 00:29:40 PSA was done 00:30:10 l8r off to see cat3 00:30:10 Current volume is not that far ahead of the block size. Perhaps volume will continue increasing with the scaling, we shall see. 00:30:14 *cat2 00:31:20 319KB block size so far 00:31:51 we still fine compared to competition 00:31:53 https://matrix.monero.social/_matrix/media/v1/download/monero.social/EKQGWtKPHAtkEItZNMVumJLe 00:32:27 lets say backlog gets cleared, we keep paying more fees; but about effective ringsize ? if attack keeps scaling up 00:33:22 That probably depend if the attacker log and release hit TX data 00:35:12 they can just sell it to chain analysis companies or chain analysis companies might themselves be involved 00:35:45 in that case, effective ring size go down to something like 7 00:36:16 they can just sell it to chain analysis companies or chain analysis companies themselves might be involved 00:36:23 they can just sell it to chain analysis companies or chain analysis companies themselves might be involved 00:36:35 except if they manager to keep it up for months, but I'm sure our good devs can workout something in the mean time 00:36:38 nope its much lower right now 00:36:54 current dsa selects too many recent outputs 00:37:11 Doesnt it just use like half of the decoys from the last 72 hrs? 00:37:49 i found 13 decoys from last 24hrs in my tx 00:38:17 While we are considering hypotheticals; what if the attention brings a bunch of new users to Monero? What if the mining rewards excite people? Lots of people have Monero rigs built and ready to go, after all. 00:38:49 well it's not more profitable than ZEPH 00:38:54 or my miner would've auto switched 00:39:01 so I don't think it will really matter 00:39:22 how much is the mining reward ? botnets can only be attracted at this point 00:39:31 🤷 00:39:52 how much is the mining reward ? only botnets can be attracted at this point 00:39:56 I'm making 0.0009 XMR a day mining ZEPH 00:40:14 with 4.4 KH/s 00:42:05 Green 00:42:14 Moneroocean doesnt account for tx fees 00:42:22 0 00:42:26 It calculates based on the standard block reward 00:42:35 they don't charge a fee if you wait to get your payout 00:43:02 Green - mining zeph on MO is fine. It help transfer dumb monero into monero 00:43:14 And help increase monero mining profitability 00:43:19 yeah 00:43:29 And also buys xmr off of cex, so it keeps buy pressure on the orderbooks 00:43:54 and it's free heating 00:44:24 thank the lord for zeph. Sacrificing its credibility and its users funds, to help stablize a price floor for xmr 00:44:59 All the while helping to make xmr more profitable to mine for existing miners 00:46:08 Mining zeph, is really = "buying xmr" 00:46:53 yeah 00:47:00 buying XMR with my electricity bill 00:47:02 KYC free 00:47:17 and buying heating at the same time 00:58:10 Yup 00:58:27 Annnnnnd... dumping zeph on noobs. 😆 00:58:39 What does ZEPH even do? 00:58:46 It it supposed to be a privacy coin? 00:59:00 I assume it uses RandomX or I wouldn't be able to mine it 01:00:14 Its randomx, its haven but without the inflation bug 01:00:38 I see 01:01:13 The ZEPH people probably won't be too happy that it's being used as a Monero dump coin 01:01:30 Its gimmick is a stablecoin 01:01:50 They blocked me after getting mad in my dms 01:01:55 Yeah they're using USDT to inflate the price or something 01:02:00 Stable against what? 01:02:04 Usd 01:02:13 Ok 01:02:15 Not stable against any real object 01:02:21 Tbh stable coins are a mirage 01:02:33 Usd as a foundation is like making babies in a mans belly 01:02:42 Its a joke 01:02:52 If you treat them as anything else things get weird 01:02:52 “Did you know Monero is the first Monero stablecoin???” 01:03:08 Lol yeah 01:03:09 Ngl can’t wait to see the meltdown when tether dies 01:03:09 I WAS going to say "building a house on water", but that may be realistic 01:03:33 Preland < tell that to monerokon 01:03:47 They love evm and fiat 01:04:06 Using USD makes sense for a stablecoin 01:04:06 That is, if you don’t care about cryptocurrency or decentralization or privacy or freedom or- 01:04:09 Lll 01:04:15 Lol* 01:04:18 llololll right 01:04:31 You just want a digital cbdc 01:04:33 Gotcha 01:05:01 Which will happen 01:05:01 After which point all current usd stablecoin get outlawed (rightfully so tbh) 01:05:06 So, lets keep the treasury controlling the value of our entire life 01:05:36 fiat maxis 01:05:50 The worst type of maxis in crypto 01:05:54 Worse than wownero ones 01:06:01 Yeah, and let’s hyperfocus on the price of Monero vs usd 01:06:01 Cuz that’s what people with healthy currencies like the ruble and the Venezuelan dollar do 01:06:21 Chiba just maintains an artificial peg 01:06:36 1xmr = 1.05 btc 01:06:42 Lets use that rate 01:06:52 I mean, it worked for Terra…. 01:06:52 It literally can’t go tits up 01:07:19 "usd is stable", but china has a fake peg tho? 01:07:57 Wow. Sorry irc. Cant see chat name. preland, please cont on #monero 01:07:58 In 01:08:07 To be fair, at least you are legally allowed to publicly criticize the Fed reserve in the US 01:08:11 Yeah sounds good 01:15:52 I like what Monero stands for: 1) Private, 2) Anonymous (notice one and two aren't combined, because they are different), 3) Store of Value, 4) Divisible, 5) Resistant to outside controls (e.g. Govt can't use Patriot Act to hold up my wire transfer). If another crypto does a much better job of those things, I have no loyalty to Monero, I am mentally free to switch once the new 01:15:52 crypto is adequately tested, provided it has all the same characteristics. 01:17:37