00:00:27 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 00:01:53 at some point the number of btcs will start decreasing due to loss 00:02:46 nioc: That's another good way to put it. 00:05:04 apotheon: so monero is both ecash and egold ^_^ 00:05:31 weeeeeeeeeeeee 00:05:57 also Happy New Year 00:09:09 that's true. also once all bitcoins have been mined, is there much incentive to keep the miners running? 00:09:34 i guess all the hardware becomes obsolete 00:12:08 miners are required for bitcoin to work. the fees are supposed to be the incentive after the emission limit is reached 00:13:49 I guess if the fees can cover the costs of running them, but there has to be continuous transactions for there to be fees 00:14:53 with the block reward going away, I feel like that is a lot less incentive. can pools pool the tx fees? 00:16:20 the other purpose of the tail emission is that it is needed for Monero's adaptive block size to work 00:33:52 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 00:33:58 effectively seem to control the development decisions of BTC itself. 00:34:00 off for dinner 00:51:37 "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 00:51:57 network connection seems fine...time/date is correct 01:01:25 messages like that are almost always due to variance 01:01:45 I last received something similar about 16hrs ago 01:03:44 ah okay 01:04:28 messages should be similar across nodes at the same time 01:04:38 *all nodes 01:19:25 i found the issue 01:20:44 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 01:21:19 rather, it ran briefly at one point and exited due to the difference. this is almost certainly the issue 01:21:34 yep, that fixed it immediately lol 01:21:49 Synced 2529420/2529479 (99%, 59 left, 36% of total synced, estimated 5.8 minutes left) 01:21:51 hell yeah 01:25:39 ID-10-T error 01:49:27 nice 19:29:03 last btc emissions won't come until after 2100. who knows what the market will look like by then 19:32:34 I imagine sometime before 2100 the emission will be so low that it will have effectively ended 19:33:03 might have to thaw Mr Finney before then 20:25:18 nioc: That's probably about 2035, I think. 20:26:11 Wasn't Hal Finney the guy who paid for full-body preservation and they chopped off his head anyway? 21:13:10 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 21:17:39 apotheon: they chopped off his head? 0_o 21:17:59 Strange. If I repeat the command I get the correct hash. 21:19:41 sha 256 is now giving the correct hash, but I don't why it didn't work on first try. 21:29:53 sportscliche: was the monero-linux-* file finished downloading? 21:32:41 Yes, sha256 gave me the incorrect hash. Ran the command again and it was correct 21:33:24 My updated node is now running with the latest binary 22:29:33 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. 22:30:47 Yes Hal Finney 22:31:11 Didn't realize about the head 23:13:19 nioc: You know the old saying, though -- quit while you're a head. 23:15:43 :D