<saunders>bitcoin is a deflationary asset while monero is inflationary. don't ask me to explain that, because I don't quite know what means. I can say that bitcoin is analogous to "e-gold" because of the finite number of coins. <<>> gold is still being produced. The size of Monero's tail emission was based on gold's production

at some point the number of btcs will start decreasing due to loss

nioc: That's another good way to put it.

apotheon: so monero is both ecash and egold ^_^

weeeeeeeeeeeee

also Happy New Year

that's true. also once all bitcoins have been mined, is there much incentive to keep the miners running?

i guess all the hardware becomes obsolete

miners are required for bitcoin to work. the fees are supposed to be the incentive after the emission limit is reached

I guess if the fees can cover the costs of running them, but there has to be continuous transactions for there to be fees

with the block reward going away, I feel like that is a lot less incentive. can pools pool the tx fees?

the other purpose of the tail emission is that it is needed for Monero's adaptive block size to work

If it's not strictly profitable to run miners, at least somewhere, there may not be enough selfish incentive for mining honestly to overcome self-centered incentive to min dishonestly. I'm a little concerned about that with BTC, which already seems to be dipping into that territory, to the point that people who mine without giving half a shit about the utility of BTC outside of mining profit

effectively seem to control the development decisions of BTC itself.

off for dinner

"There were 102 blocks in the last 90 minutes, there might be large hash rate changes, or we might be partitioned, cut off from the Monero network or under attack, or your computer's time is off. Or it could be just sheer bad luck." now i keep seeing messages like these

network connection seems fine...time/date is correct

messages like that are almost always due to variance

I last received something similar about 16hrs ago

ah okay

messages should be similar across nodes at the same time

*all nodes

i found the issue

the time is correct, in my timezone. however, this server is in UTC actually. not sure how that happened. so ntpd actually died a long time ago due to the difference

rather, it ran briefly at one point and exited due to the difference. this is almost certainly the issue

yep, that fixed it immediately lol

Synced 2529420/2529479 (99%, 59 left, 36% of total synced, estimated 5.8 minutes left)

hell yeah

ID-10-T error

nice

last btc emissions won't come until after 2100. who knows what the market will look like by then

I imagine sometime before 2100 the emission will be so low that it will have effectively ended

might have to thaw Mr Finney before then

nioc: That's probably about 2035, I think.

Wasn't Hal Finney the guy who paid for full-body preservation and they chopped off his head anyway?

When I run shasum on monero-linux-x64-v0.17.3.0.tar.bz2 it does not match with hashes.txt shown at getmonero.org

apotheon: they chopped off his head? 0_o

Strange. If I repeat the command I get the correct hash.

sha 256 is now giving the correct hash, but I don't why it didn't work on first try.

sportscliche: was the monero-linux-* file finished downloading?

Yes, sha256 gave me the incorrect hash. Ran the command again and it was correct

My updated node is now running with the latest binary

nioc: Someone involved in very early Bitcoin dev got cryogenically frozen, with a stipulation that it should be full-body preservation, then the person's estate was suing about the fact they only preserved the head.

Yes Hal Finney

Didn't realize about the head

nioc: You know the old saying, though -- quit while you're a head.

:D