01:06:32 <Guest57> im almost done syncing monero blockchain on my daemon right now and im about 3.1 hours behind and just got hit with a huge wall of host blocks
01:06:39 <Guest57> is there something going on with the network right now?
01:25:50 <Mochi102> Guest57, nope
01:25:56 <Mochi102> You just got lucky.
01:27:25 <Guest57> love that
17:57:47 <eoc> newbie here, i wont see anything in my wallet-app before its downloaded the whole chain?
17:58:17 <eoc> does it cost anything to send some monero to a friend?
17:58:29 <moneromooo> You will see stuff happen as blocks with those events are added.
17:59:02 <moneromooo> It costs a little. Not enough probably. By default moneor-wallet-cli will tell you the fee before asking yes/no.
18:00:03 <eoc> ah nice :]
18:02:02 <yanmaani> Would it be possible to get rid of Monero's tail emission by the mechanism used by Ethereum?
18:02:22 <yanmaani> or I mean something similar
18:02:41 <yanmaani> instead of having 100% of fees + subsidy go to miners, you pay miners 0% of fees + subsidy
18:02:44 <eoc> is https://changenow.io/ an ok site to start with? i know it has high transaction costs..
18:02:48 <yanmaani> the subsidy comes from a fund
18:02:55 <yanmaani> the fund gets all the tx fees
18:03:52 <eoc> how much are the fees ca?
18:04:02 <eoc> have to be low for ppl to use eh
18:04:15 <moneromooo> I think it's a legit site.
18:04:31 <moneromooo> Get a second opinion though.
18:04:40 <yanmaani> eoc: just use whatever's the cheapest. Isn't there an aggregator site somewhere?
18:06:31 <eoc> yeah, just stressful getting into ... and 55% on my chain download... i think it wont be done untill tomorrow
18:06:57 <eoc> first time i bought any crypto..
18:08:11 <Mochi101> ca
18:08:14 <Mochi101> must be german
18:08:37 <Mochi101> or...mmm
18:09:08 <Mochi101> eoc, it usually costs less than 1 cent to send XMR right now.
18:09:19 <Mochi101> from one wallet to another
18:10:16 <Mochi101> Man, I thought way back when.. paying 50 cents per tx was bad... and now ETH and BTC just blow that out of the water.
18:14:35 <yanmaani> that's cos eth and btc exist not for the benefit of people using them, but the people owning them
18:17:03 <eoc> 1 cent is 1/100 of a dollar?
18:18:29 <eoc> will updating the chain be fast after the first download? 
18:19:05 <moneromooo> Yes.
18:19:15 <moneromooo> Well, faster.
18:19:38 <moneromooo> Assuming the next update isn't in 10 years :P
18:19:59 <eoc> :]
18:20:23 <moneromooo> It won't be particularly fast though. And the more use monero sees, the slower it'll be.
18:22:21 <hyc> I suppose that's one reason to continue doing more frequent releases, keep updating the checkpoint hashes
18:22:50 <hyc> then new users will mostly be network bound until they get past the compiled-in hashes
18:43:41 <Inge> non hard-fork quality-of-life releases
20:29:42 <eoc> the monero is located in the chain and not really on a hdd/service? the only think i really need is the random words i got?
20:30:16 <eoc> luke smith said something about you not really _having_ the crypto if you keep it eg in a coinbase waller
20:30:19 <eoc> *wallet
20:30:47 <eoc> just a promise from coinbase to give it to you when you want it...  (i guess)
20:31:16 <merope> The coins are "stored" on the chain. Your private keys (derived from the seed) allow you to sign transactions and use those coins. Whoever owns the seed, effectively owns the coins
20:32:02 <merope> In the case of Coinbase, if you leave your coins on the exchange, they are effectively in their wallet, which means they're the owners
20:32:34 <merope> And all you have is an IOU in which they pinky promise that they'll let you use them whenever you want
20:33:00 <eoc> merope: i see :]
20:34:14 <merope> But history has shown us repeatedly how little exchanges can be trusted (just look at all the hacks)
20:37:29 <eoc> yeah i dont trust _the system_ anymore
20:40:38 <merope> It's not even about the system - simply put, by using their service you are implicitly required to trust that they won't screw you over or mess things up. The whole point of crypto is to remove trust and middlemen