00:00:11 I haven't investigated qubics tokenomics in depth, but it according to their tracker they burned the most in epoch 174. burned 120 billion qubic, while the epoch emitted 1 trillion. i would argue that the price pump has little to do with the actual burn and much to do with the increased attention the have. hence my argument is that although the rewards do help them in the attack, more important to them is to control the narrative that they are being successful at what they are doing. 00:00:13 but its not all about qubic either. State actors may have much deeper pockets and not require the reward, preferring to allow miners to keep it so that the attack goes unnoticed as long as possible. 00:00:42 Under solo mining enforced only, would p2pool still operate? 00:01:47 any pool can operate but the reward goes exclusively to the miner that signed the block 00:02:48 if the block is unsigned then it's business as usual but the reward is halved 00:04:04 doesn't that then basically provide a downward pressure on legitimate mining? I mean if I have a typical desktop PC it could be a year or more before I see a reward. realistically the network needs to incentivise mining if it is going to succeed. otherwise there would not be a good enough defense. 00:05:35 the game theory incentives must be thought through 00:06:29 definitely hashrate will drop as pools dismantle and more people start mining individually instead of sending hash to pools 00:09:23 To me, Monero is attractive because it is an everyday currency, for everyday people. I value most that there is reward in an everyday person mining, and there is also the possibility of spending it and using it on everyday purchases. I'd love to see ideas implemented that somehow manage to incentivise the everyday person against the more powerful. because that I think is how we wi n. if every normal person loves it and uses it, then in countries that allow as such, they will vote to protect it also. 03:35:10 so we don't need monerosim to investigate this blocktime thing. that can just be done with 2 private testnet nodes pitted against each other with different blocktimes and different hashrate distribution percentages 03:36:15 make a script for the attacking node to selfish mine, and just run it a whole lot 04:41:37 It did not do "fuck all". Their hash rate has declined from consistently getting 3+ GH/s, even 4+ GH/s at times, to 1-2 GH/s, and that's excluding the loss of confidence in their token as the price plummets. The situation is worsened by the fact that miners receive tokens, which they try to sell before other miners, triggering a cascading effect. More people are shorting Qubic as 04:41:39 well increasing pressure on their ponzi scheme. Qubic miners no longer earn double their investment due to the halving event and decline in price. Some miners have abandoned mining there, including those from hashvault. Why spread bullshit? 05:33:14 They never got 4ghs I believe. They did get to 3ghs, but that was their peak that I saw. The 4ghs they reported was fake and like 10 minutes later it dropped by half 07:23:07 Qubic is still able to do big reorgs, because nobody other than whales or die hard idealists mine monero. There’s simply zero incentive to do so and as long as that’s the case. monero will be vulnerable to a 51% attacks in the present and in the future. 07:25:55 You’re right! Qubic miners earned 3 times more than a monero miner before the halving. Now they earn around double 07:44:15 The qubic halving honestly definitely didn’t effect them as I hoped it would. Sure the price of the Qubic did drop and the puts pressure on them, but on their marathons, they still get 2.5 to 2.8ghs pretty consistently. That’s still like 40% of the monero hashrate and they still able to do massive 8 block reorgs. 07:44:34 The qubic halving honestly definitely didn’t effect them as I hoped it would. Sure the price of Qubic did drop and the puts pressure on them, but on their marathons, they still get 2.5 to 2.8ghs pretty consistently. That’s still like 40% of the monero hashrate and they still able to do massive 8 block reorgs.