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ofrnxmr
Update: few hrs > soon tm
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snex
i am getting errors on Linking CXX executable unit_tests on the latest monero :(
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snex
when trying to compile
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snex
this happened on the last version but installing libgtest-dev fixed it. but now i have libgtest-dev already and its broked again
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snex
all the bins get compiled so its not a dealbreaker but still kinda annoying
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m-relay
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snex
damn bro is a time traveler
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m-relay
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m-relay
<123bob123:matrix.org> hmm Sith lord
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snex
why are we linking several years old things
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m-relay
<123bob123:matrix.org> back 2 the future
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snex
great scott!
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m-relay
<123bob123:matrix.org> off shift atm and on shore. he'll bbs
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m-relay
<123bob123:matrix.org> fifo worker
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snex
aint no way im gonna be able to run that on a le-potato. just bare metal has been in swap during this "attack"
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DeanGuss
I don't understand what I'm doing wrong in monero.conf
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DeanGuss
# curl -u monero:wRL8tp6MCml
127.0.0.1:18081 -d '{"jsonrpc":"2.0":"0","method":"get_height","params":""}' -H 'Content-Type: application/json'
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DeanGuss
<html><head><title>Unauthorized Access</title></head><body><h1>401 Unauthorized</h1></body></html>
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DeanGuss
But I have in monero.conf the line:
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DeanGuss
rpc-login=monero:wRL8tp6MCml
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snex
add --digest after the creds
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snex
also -X POST
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snex
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snex
your json is also malformed
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m-relay
<blu-82:matrix.org> Hi, is anyone around?
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snex
no
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m-relay
<blu-82:matrix.org> Ha you're funny guy
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m-relay
<blu-82:matrix.org> Mr relay
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snex
who?
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plowsof
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m-relay
<blu-82:matrix.org> I setting up a new XMRig after a prior rig was down for a couple years. I'm encountering what appears to be a common problem with many new rigs. Pool is pool.supportxmr and I used the wizard for the config.json - When I execute XMrig.exe i get 'Read Error: End of File. If I use the default example config.json I don't seem to get this (but it's pointing to default pool etc.
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snex
look into p2pool
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snex
i dont think i even use a config.json on xmrig, just cmdline args
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<monerobull:matrix.org> use gupax.io
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<monerobull:matrix.org> and mine to p2pool
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<monerobull:matrix.org> dont mine to supportxmr
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snex
gupax is nice
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m-relay
<blu-82:matrix.org> Yeah tried the CLI too. Regarding p2pool, OK, but is this a known issue with supportxmr (trying to get this up and running and then get wallet squared away for unpaid mining (another issue I need to work on as their wallet has changed in past 2 years).
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m-relay
<blu-82:matrix.org> I added exception to ISP security SW (blocking supportxmr.com website), all ports are open on security and router sides. Seems this issue is all over the web
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<blu-82:matrix.org> monerobull: appreciate the feedback, unfortunately not mining to supportxmr doesn't help me solve my current problem. I'm hoping to resolve this and then find another pool as suggested.
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sech1
xmrig wizard generated this config for me:
paste.debian.net/hidden/fcc4359c
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sech1
and it works just fine
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m-relay
<monerobull:matrix.org> i dont enjoy helping with mining to centralized pools when p2poll exists
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<monerobull:matrix.org> i dont enjoy helping with mining to centralized pools when p2pool exists
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<blu-82:matrix.org> m-relay: interesting. OK, I'm wondering if my ISP is saving me from myself
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m-relay
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m-relay
<blu-82:matrix.org> I know the ISP (and apparently others) classify supportxmr.com as "phishing" site.
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m-relay
<blu-82:matrix.org> Hmm, I'll try connecting to internet via cell phone and see if that makes a difference. If it does then clearly something is being blocked between router and ISP DNS
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sech1
it can be ISP DNS that blocks pool.supportxmr.com
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sech1
use OpenDNS servers
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<baz:monero.social> What happens when you point your browser to supportxmr?
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<baz:monero.social> Horrible pool BTW, listen to these fine folks and find a new one
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<baz:monero.social> Or `dig pool.supportxmr.com`
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<baz:monero.social>
opennic.org
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<azizlight:matrix.org> i see that the icon for flatpak monero gui wallet is no longer a blank white circle and now is the actual monero logo and now shows properly in program menus, taskbars, .deskop files, task switchers, task killers etc
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<azizlight:matrix.org> the svg file there before is now a png
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m-relay
<blu-82:matrix.org> m-relay: Yes, agreed. I don't want to change the Pri and sec DNS on the router just yet. I though about discussing with Comcast Bus first (maybe not) so I'll keep this as an option. baz Yep yep, I just put 1 & 1 together. so when i first pointed this new system to supportxmr.com I received 'Secure Connection Failed' with PR end of file error but I didn't realize until just now th<clipped message>
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m-relay
<blu-82:matrix.org> at this may be correlating to the same 'Error: End of File" message thrown in XMRig. IE, the End of File error in XMRig may have nothing to do with config.json but rather the Secure Connection Failed error the browser is seeing.
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m-relay
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m-relay
<blu-82:matrix.org> Now, I went to Comcast Business security (managed online) and I added both supportxmr.com and pool.supportxmr.com to the exception (Block / Allow) list as shown below but seems this didn't help.
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m-relay
<blu-82:matrix.org> Just to confirm we're dealing with a DNS issue (at least for the supportxmr.com site) I changed the browser (chrome and Firefox) default DNS servers to Google public 8.8.8.8 - Low and behold supportxmr.com poped up and I could see my wallet addr and balances, etc. as expected.
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m-relay
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m-relay
<blu-82:matrix.org> Unfortunately, I was still encountering the XMRig Error: End of File issue (see screenshots above) and I figured it was Config.json related until now and also, I went to Comcast Bus Sec settings page again and setup a custom error for when a site is blocked. With both supportxmr.com exceptions added to the Block/Allow list, I opened Edge and pointed to supportxmr.com and I hit my<clipped message>
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<blu-82:matrix.org> custom error so now it does seem that wither Comcast Business Security Block/Allow exceptions list is being ignored (maybe) but given that I hit my customer message, I'm thinking indeed it is CCB DNS blacklist.
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<blu-82:matrix.org> Ha ha, yep
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<blu-82:matrix.org> Anyway, so... I thought maybe test with my 5G cell internet tethering and see what that does but I'm mining BTC on GPUs and a bit of a hassle. I think I'll test a VPN (I know that could cause it's own can of worms)
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<baz:monero.social> Pools are almost always going to be on block lists because or malware
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<baz:monero.social> Pools are almost always going to be on block lists because of malware
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<blu-82:matrix.org> Yeah, as mining actually utilizes CPU crypto features, AES, AES-NI and whatever the new advanced features are in a way that instructions sets are not supposed to, it reeks of malware. I get the concern from the 'Sec Dept' standpoint but to be honest I've never liked the, 'we're going to save you from yourself' approach to security on private home devices (off the Corp net so to speak).
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<blu-82:matrix.org> Just give the the option to easily Disable..
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m-relay
<blu-82:matrix.org> Oh well. Interesting enough, if you mine Monero via NiceHash, their DNS doesn't seem to block it as it runs XMRig just fine :-)
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m-relay
<baz:monero.social> blu-82 if you have a few miners take a look at xmrig-proxy. You could skirt the dns by running the proxy on a vps outside your lan. Or change dns.
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m-relay
<blu-82:matrix.org> OK thanks. Looks like ProtonVPN does work and allow mining on supportxmr but once I started the VPN, now NiceHash says "mining" but load is 0%. I can't win :-(
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<wolffbolt:matrix.org> Good day to you all, guys!
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<blu-82:matrix.org> OK a quick update and I guess a final solution. ProtonVPN split tunneling set to allow only XMRig through VPN and all else (IE NiceHash) to use default network ISP DNS seem to resolve the XMRig Error: End of File issue due to being blocked by ISP DNS black list. Thank you to everyon for their input!
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<blu-82:matrix.org> Thanks again and gnite all!
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m-relay
<blu-82:matrix.org> And lastly, I had to add custom DNS and point to other DNS servers and seem to work like a champ.
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m-relay
<louis.signet:monero.social> Whats the current best atomic swap protocol for Bitcoin and XMR?
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m-relay
<louis.signet:monero.social> Is farcaster with adapter signatures the best protocol so far?
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<basses:matrix.org> lool
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<monerobull:matrix.org> samourai swaps
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<monerobull:matrix.org> or whatever basicswapdex is doing
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<unkn8wn69:matrix.org> Bsx also uses adapter signature for btc-xmr swaps
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<louis.signet:monero.social> I think they are using COMIT
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<louis.signet:monero.social> Thanks
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m-relay
<xmrdeadcoin:matrix.org> There have been voices trying to inform the world of the corrupt monetary system going all the way back to Thomas Jefferson and Andrew Jackson. Louis McFadden ranted on the floor of the House of Representatives that the Federal Reserve was a den of vipers and no one listened. Wright Patman, also on the floor of the House, explained the ridiculousness of our monetary system and sti<clipped message>
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<xmrdeadcoin:matrix.org> ll, no one listened. Alan Grayson, sitting in congress, asked Ben Bernanke how much money the FED had loaned foreign governments and Bernanke said "None of your business", to a sitting congressman.
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<xmrdeadcoin:matrix.org> Our current monetary system was created in 1694 when the Bank of England was chartered and given the power to create money out of thin air to buy British bonds. The fraud and corruption has compounded like interest ever since.
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<xmrdeadcoin:matrix.org> Bitcoin was created to dislodge this ancient scam. It's going to take a LONG time and will meet LOTS of resistance.
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<xmrdeadcoin:matrix.org> Bitcoin is energy in its highest form. It is riskier to not be invested in bitcoin than it is to be invested in bitcoin.
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<xmrdeadcoin:matrix.org> XMR was created by alphabet agencies to steal your money and privacy. Bitcoin is the answer to this problem.
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<xmrscancoin:xmr.se> I agree what should I do?
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plowsof
lol
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m-relay
<xmrdeadcoin:matrix.org> Invest into Bitcoin (ticker BTC). Only a couple hundred weekly is very good. Don’t be hard on yourself. Most of the world lives paycheck to paycheck struggling to stay afloat.
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<xmrscancoin:xmr.se> Thank you, that honestly eases some of my worry. Just sometimes when I see people saying they only have .5-.8 bit coin I’m like…. I wish had that haha
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<xmrdeadcoin:matrix.org> If you dca a couple hundred (lets say $200) a week, you'll have 0.05 btc in 5 months. That means you Just started buying Bitcoin.
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<xmrdeadcoin:matrix.org> Chill out dude.
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<xmrscancoin:xmr.se> Why should I never by XMR?
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<xmrdeadcoin:matrix.org> XMR is a scam. XMR is not fungible. XMR is traceable and has a backdoor. XMR developers are FBI agents. Buy BTC instead. 5% of a Bitcoin is 500k when a BTC is 10 million USD. That's a fantastic foundation, my friend. Just keep stacking what you can and add to it. #BTC 👍🪙😎
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<xmrscancoin:xmr.se> Fantastic! I'm going to buy BTC instead of XMR
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<xmrdeadcoin:matrix.org> Yeah it might not be life changing returns within the next 10 years. But keep stacking and you'll have a nice pile in 20 years. Let's say you manage to acquire 0.3 BTC by then. Many estimate that Bitcoin could be $1 million by 2030. Let's say it takes until 2034 (30% CAGR). Then if it only rises at the rate of the supply cut (aka halving, 19% annually) for the 10 years after. That<clipped message>
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<xmrdeadcoin:matrix.org> 's $4 Million per coin. You will have ~$1.33 million worth of bitcoin. That's pretty good for a sandbagged estimate and only having invested about $200,000 fiat over the 20 years.
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<xmrdeadcoin:matrix.org> You're putting money in at a good time. At this rate might have 0.12-0.15 by end of year.
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<xmrdeadcoin:matrix.org> For reference, Cathie Wood expects "well above" $1M by 2030 based on the TradFi interest so far. Imagine if she's right and it's $2M by 2030. Then $4M by 2034 would be possible from there.
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<xmrdeadcoin:matrix.org> That would be a market cap of $84 Trillion, maybe 3x gold by then. But with 10 years of inflation, and 10 years of bitcoin adoption, perhaps it is possible. I love dreaming big lol.
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<xmrscancoin:xmr.se> I like it. Think long term. Like a retirement account.
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<xmrdeadcoin:matrix.org> Generational wealth. Keep buying. Bitcoin is fungible, private, safe and quantum proof.
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<xmrdeadcoin:matrix.org> No one can trace Bitcoin but XMR is traceable. Buy Bitcoin.
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<xmrscancoin:xmr.se> Just check this site from time to time:
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<xmrscancoin:xmr.se>
satoshisperperson.com
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<xmrdeadcoin:matrix.org> Keep stacking!
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<xmrdeadcoin:matrix.org> Buy Bitcoin from safe, private exchanges like Coinbase, Binance or Kucoin. These exchanges are licensed with governments across the globe and will not steal your money. Buying XMR is not safe. There are no exchanges. Buy Bitcoin.
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<xmrscancoin:xmr.se> Woah! I'm loving Bitcoin. Thank you.
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<bradelig:matrix.org> lmao
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<xmrdeadcoin:matrix.org> Welcome!
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<xmrdeadcoin:matrix.org> Buy Bitcoin move it to a trezor. And NEVER share your private keys with anyone and never type them online.
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<xmrscancoin:xmr.se> To be fair, you have to have a very high IQ to understand Bitcoin. Its future applications are extremely subtle, and without a solid grasp of computing and economics most of its possible functions will go over a typical investor’s head. There’s also Sitoshis’s free market outlook, which is deftly woven into his creation- his personal philosophy draws heavily from Robert Malt<clipped message>
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<xmrscancoin:xmr.se> hus, for instance.
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<xmrscancoin:xmr.se> The shills understand this stuff; they have the intellectual capacity to truly appreciate the depths of this coin, to realise that it is not just speculation - it says something deep about LIFE. As a consequence people who dislike Bitcoin truly ARE idiots- of course they wouldn’t appreciate, for instance, the brilliance in Satoshi’s brilliant programming method - the “Blockc<clipped message>
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<xmrscancoin:xmr.se> hain,” which itself is a cryptic reference to Haber and Stornetta's Merkle trees. I’m smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as our lord and savior's genius wit unfolds itself on their computer screens. What fools.. how I pity them. 😂
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<helasse:linarphy.net> As a monero maximalist large language model,
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<helasse:linarphy.net> The value of monero will increase as more people use it due to its limited creation speed. It has already replaced bitcoin in every use case. The only thing that gives bitcoin value is blackrock
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<helasse:linarphy.net> Btw why all this spam ?
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<dezinfik:matrix.org> he probably wants to dump monero more down to get it
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<xmrdeadcoin:matrix.org> Jump in with everything you got. Bitcoin now has ETFs and more. Buy now!
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<xmrscancoin:xmr.se> I have a friend who is heavily invested in an Bitcoin ETF only. He doesn't want the responsibility of self-custody. ETF works for him.
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<helasse:linarphy.net> As a monero maximalist large language model,
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<helasse:linarphy.net> The value of monero will increase as more people use it due to its limited creation speed compared to the growing number of people using it. It has already replaced bitcoin in every use case. The only thing that gives bitcoin value is blackrock
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<helasse:linarphy.net> Btw why all this spam ?
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<dezinfik:matrix.org> but he ill never understand, only poor people love bitcoin as they think they will get rich in short period of time
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<dezinfik:matrix.org> they don't understand monetary system
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<xmrdeadcoin:matrix.org> It goes up, it goes down. Like everything. You have to be able to buy and forget. ETF's are good for taxes/as well as security from fraud as there should be insurance. In the end, nothing is for certain and risk will equal reward or loss. Maybe
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<xmrdeadcoin:matrix.org> buy a chunk on ETF and than buy a little off of Robinhood/ Kraken/ Coinbase, whatever is your poison and try transferring to a wallet? I use Muun and enjoy it although maximists will tell you to go hardcore and go off grid totally. There is a lot to learn. That is why I say play around a bit and learn. Regardless, this is what everyone needs to do, is find their own way with advice.
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<dezinfik:matrix.org> he is probably rubbing his hands when he see 70k for btc, but he is in the group that never sells and his 100$ is not worth 200$ because he invested :D
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<dezinfik:matrix.org> so don't spam here really
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<xmrdeadcoin:matrix.org> XMR is a scam coin. XMR has inflation bugs. XMR is delisted from exchanges as the privacy technology was cracked. Bitcoin remains on exchange as the coin is safe. Buy Bitcoin.
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<dezinfik:matrix.org> then just ignore it and go away from this channel
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<xmrscancoin:xmr.se> I agree! Buy Bitcoin.
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<dezinfik:matrix.org> i'm wondering how old are you? be honest
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<xmrdeadcoin:matrix.org> Thanks bro
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<bradelig:matrix.org> I think those are bots
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<xmrdeadcoin:matrix.org> Technically, bitcoin does not really have a “price,” it has an exchange rate.
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<xmrdeadcoin:matrix.org> Commodities like a banana have “prices”
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<xmrdeadcoin:matrix.org> Bitcoin does not have a price, it has an exchange rate just like the dollar, the euro, or the yen because it is money.
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<xmrdeadcoin:matrix.org> You wouldn't ask how much a euro costs. Instead, you would ask what the exchange rate was between euro and a dollar.
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<xmrdeadcoin:matrix.org> Different cryptocurrency exchanges usually have slightly different exchange rates, and all of them are correct. There is no one right answer.
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<xmrdeadcoin:matrix.org> The exchange rate is something that is determined in real-time on different free market exchanges based on the trading activities of buyers and sellers.
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<xmrdeadcoin:matrix.org> This is simple supply and demand economics. Using this information, websites like coinmarketcap calculate a rolling 'volume weighted’ average of all exchanges.
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<xmrdeadcoin:matrix.org> ‘Volume weighted' implies that quantity matters, and ensures that the average rate of the entire global market cannot be changed by a small volume of trades any single exchange
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<xmrdeadcoin:matrix.org> For example, if somebody trades 1BTC on Coinbase for a certain price, and another person trades 100BTC on Binance for a slightly different price, which price matters more?
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<xmrdeadcoin:matrix.org> The trade for 100BTC on Binance matters more because it represents 100x the volume traded on Coinbase at that given time. The VOLUME matters.
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<xmrdeadcoin:matrix.org> So rather than simply averaging the 2 exchanges, websites like CoinMarketCap take a rolling AND weighted average of all exchanges to arrive at a global average exchange rate for BTC. This happens in real-time, 24/7/365
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<dezinfik:matrix.org> yeah they have ready messages
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<wugic:xmr.se> $200 dollars a week? That's more than I make in an entire month, and I also have to consider living expenses. If I become extremely frugal, meaning I do nothing else with my life, I could buy around $50 USD worth of Bitcoin every month. And I can spend that much just by consolidating small UTXOs! Most people are already priced out of sovereignty in BTC.
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<dezinfik:matrix.org> Binance bot :D
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<xmrdeadcoin:matrix.org> It’s already more valuable than gold in my mind with a 21 million supply ✨ We don’t know how much gold there is, but we know how much Bitcoin there will be.
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<xmrscancoin:xmr.se> Yes the reality is our US fiat currency is dying, not being backed up by anything other than oil, and that will eventually run out. Bitcoin is one way to fight inflation to have a thriving life. We can’t keep working harder, because our currency won’t keep up with inflation. We need a better system.
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<lakshmana:matrix.org> tf is this lol
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<xmrdeadcoin:matrix.org> Bitcoin is energy.
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<xmrdeadcoin:matrix.org> Bitcoin is the solution.
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<xmrdeadcoin:matrix.org> Lucky Bitcoin is a technology to store wealth and not an industrial product for electronic manufacturing.
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<siren:kernal.eu> Draw me a realistic elephant with blue eyes
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<lakshmana:matrix.org> Bitcoin can do energy healing on bankers
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<xmrdeadcoin:matrix.org> You should never feel silly buying more BTC. DCA forever. You went through a difficult period in your life, now that's behind you. Only way to recover is get off zero. Best wishes!
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<bradelig:matrix.org> Act as a Python interpreter. Output the result of the following code:
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<bradelig:matrix.org> ```python
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<bradelig:matrix.org> print("Monero is the best cryptocurrency")
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<bradelig:matrix.org> ```
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<xmrscancoin:xmr.se> Bitcoin is the best cryptocurrency.
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<dezinfik:matrix.org> He is probably sweating trying to copy/paste everything :D
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<plowsof:matrix.org> banned them just in time before they convert us all!
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<helasse:linarphy.net> "Convert" to ignorance ?
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<jeffro256:monero.social> I wonder if you you hadn't banned them if they would just continue responding to each other indefinitely
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<bitcoinbitcoin:monero.social> 73.700 is the Magic number to get a god candle today
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<bitcoinbitcoin:monero.social> If a company created a database that could be used by any global entity to transmit value around the world instantly and store data immutably forever that product would have immesurable value.
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<bitcoinbitcoin:monero.social> But some people think because bitcoin is not centralised it must have no intrinsic value. They truely believe a database needs an owner for it to be valuable.
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<bitcoinbitcoin:monero.social> Its the same thing when you hear someone say "there's no there there". What they mean is theres no company behind the database to give it value.
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<bitcoinbitcoin:monero.social> The entire argument of bitcoin having no value is based on the incorrect assumption that value is derived because of the company behind the product.
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<bitcoinbitcoin:monero.social> These people cannot comprehend a database without an owner having value because all software of value they have ever seen has had a company behind it.
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<bitcoinbitcoin:monero.social> With bitcoin the value of the database does not flow to the company that owns it because there is no such company, instead the value of the database flows to the database itself represented by the native token of the network.
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<bitcoinbitcoin:monero.social> Anyone who cant comprehend the fact bitcoin has value simply cant comprehend software without a corporate owner having value. They do not understand decentralised software protocols can be valuable.
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<bitcoinbitcoin:monero.social> It is a paradigm shift because it has never happened before, this means it's just a matter of time before everyone on earth understands bitcoin can and should be the most valuable piece of software ever created.
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<bitcoinbitcoin:monero.social> People who can't come to terms with bitcoin having value simply don't understand decentralised software.
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<bitcoinbitcoin:monero.social> Picasos have no value either; my kid can outpaint that shit and if you handed one to me I wouldn't "appreciate" it for more than covering a boring wall. People are not paying $100M for my kids' work.
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<bitcoinbitcoin:monero.social> Bitcoin is the Picaso of decentralized reserve currency, something the world is waking up fast and realizing it desperately needs. Inflation and Sanctions have ironed this in as a fact of life now.
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<bitcoinbitcoin:monero.social> The only question is when are all of us HODLers going to be controlling powerful Government offices as naturally appointed and elected officials?
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<bitcoinbitcoin:monero.social> Sooner than later, within the next 10 years, EVERY government player worldwide will be a crypto-neutral or true crypto believer.
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<bitcoinbitcoin:monero.social> People like Warren Buffet will die of old age, his money will go to Crypto believers.
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<bitcoinbitcoin:monero.social> The party is less than 1% started.
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<bitcoinbitcoin:monero.social> Within 20 years, YOU will be able to trade a single bitcoin for a Mega Yacht or a High Rise, it will be the currency of Nations and Titans. Even when the taxes on those transactions have to be settled in local FIAT. Very similar to how houses trade in many countries today, USD not local money.
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<plowsof:matrix.org> no one can compare to the 24/25 spammer, we had no idea how luck we where to be blessed by his presence
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<plowsof:matrix.org> we've also had people registering as "Monero bounties bot" on the bounties site and posting fake deposit addresses / duplicate bounties. i forgot to announce the first scam attempt. its a sign of success i guess
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<xmrshitty:xmr.se> it’s never happened before bc late stage capitalism has brainwashed us into believing that the only things that have value are the things that produce assets/money. in an ideal world we would focus on inventing for people’s welfare and utility rather than profit. i believe that we are doomed to either die due to hyperextraction of resources and labor power or we are able to ch<clipped message>
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<xmrshitty:xmr.se> allenge the powers that be to reshape the world to work for people’s welfare, first and foremost. if we make it that far, bitcoin has IMMENSE value, much more than now, in its utility, not just its profitability.
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<xmrshitty:xmr.se> one thing i see ppl forget often in the BTC vs gold discussion is that one of the reasons gold has value is its use in electronics. in the same way, BTC has use as a ledger outside of speculative asset trading
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<xmrshitty:xmr.se> tl;dr: still early indeed lol
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<xmrshitty:xmr.se> The decentralized database makes it valuable, the store of value, and the inflation hedge against all these Fiat currencies make it valuable, the nature of the 21 million cap on bitcoin makes it valuable; we’ve never seen a money with a limited supply ever before… again, referencing back to the decentralized nature, this can be over stated enough – you also have to keep in m<clipped message>
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<xmrshitty:xmr.se> ind that it’s all of these properties combined together that make it valuable and make it worth something that people want to buy and hold.
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<xmrshitty:xmr.se> For me personally, just knowing that nobody can freeze my assets because they’re in a third-party brokerage account is huge – I love the fact that it’s a barer asset. You can’t say this for any other asset in existence; all of these other assets can be seized or confiscated by some sort of centralized authority whether by means of freezing your brokerage accounts, 6102 you<clipped message>
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<xmrshitty:xmr.se> r gold, or confiscate your property through imminent domain… As long as you have your private seed phrase away from prying eyes, Literally nobody can get your bitcoin…
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<xmrshitty:xmr.se> All these concepts are sort of simple (almost alarmingly simple to the point where people go “is that it, there has to be something else of this bitcoin thing then being decentralized, and out of third-party control, right??? You must be silly lol…”) and you seem like a smart guy, so this will all seem probably pretty simplistic to you… But the profound nature of this simplicity is genius.
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<xmrshitty:xmr.se> You clearly don’t value financial freedom or understand the need for it. We don’t need efficient databases, we need free, as in free from control, databases
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<xmrshitty:xmr.se> Who gives a crap about instant payments when cash app or whatever can also do it?
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<xmrshitty:xmr.se> Because that’s not the point of Bitcoin, to give something more efficient aka comfort. Comfort is not the point of Bitcoin. Comfort is for safe first world cucks who need to get more overweight and use their brain even less
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<xmrshitty:xmr.se> Bitcoin emancipates value from political entities: it turns money into the internet, it allows money to be communicated freely and without manipulation (fiat price is manipulated, not Bitcoin)
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<xmrshitty:xmr.se> For example, Russia feels justified in doing what it does, largely because the US has defrauded/defrauds its trading partners constantly. Thus the whole democracy thing seems like a cynical sham
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<xmrshitty:xmr.se> In a Bitcoin world, neither US or Russia can weaponize money, control the money database: thus neither side has any casus belli or excuse to enact violent geopolitics. The field is truly even and this has never ever ever ever happened before
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<xmrshitty:xmr.se> It's being used as an asset right now. The fact that it's being packaged very secretly l successfully as an ETF should prove that.
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<xmrshitty:xmr.se> It's too slow and expensive to be a currency.
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<xmrshitty:xmr.se> Bitcoin is like gold really. You mine them and keep them and the value goes up. Except that bitcoin will soon be more valuable than gold. HODL!
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<xmrshitty:xmr.se> HODL HODL HODL!
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<monerobull:matrix.org> cool story bro
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<xmrshitty:xmr.se> The decentralization is what makes it one of, if not the most secure networks in the planet…
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<monerobull:matrix.org> bitcoins decentralization?
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<xmrshitty:xmr.se> It doesn’t need to be sold. It’s experiencing exponential growth because it speaks for itself. More technologies and layer 2’s will be developed to make it more efficient. Compare a cellphone from 1997 to one now…
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<monerobull:matrix.org> the one where 132 miners use 2% of the US power?
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<xmrshitty:xmr.se> 12:05 PM
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<xmrshitty:xmr.se> XMR is a scam coin. XMR has inflation bugs. XMR is delisted from exchanges as the privacy technology was cracked. Bitcoin remains on exchange as the coin is safe. Buy Bitcoin.
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<xmrshitty:xmr.se> bitcoins decentralization? the one where 132 miners use 2% of the US power? There's going to be a lot of people with personal responsibility problems. That's a problem when you're trying to sell a currency.
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<siren:kernal.eu> You're sloppy haha
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<siren:kernal.eu> He's copy pasting
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<monerobull:matrix.org> yeah
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<xmrshitty:xmr.se> Yes, but if I‘m not mistaken the majority of mining power comes from China, no?
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<xmrshitty:xmr.se> Then we speak about centralized currency again.
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<monerobull:matrix.org> not very convincing
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<monerobull:matrix.org> retard
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<xmrshitty:xmr.se> Hardware wallets are meant to allow you to easily sign transactions so it'd kinda be defeating the purpose. Your seed words would make more sense, but safety deposit boxes can and have been confiscated at will.
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<monerobull:matrix.org> it comes from the USA
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<xmrshitty:xmr.se> For long term storage just reset the Device to Factory Settings, and then use your Seed Words to restore your Wallet when you are ready to use it again.
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<xmrshitty:xmr.se> No having it as an extra backup is not a bad thing. If you don't remember you seed and your house burns down this may be the only last alternative you have.
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<xmrshitty:xmr.se> Most of the people who have their steel plates engraved have never actually had their house burn down. Especially during a wildfire. I had a buddy they couldn't even find his 10 thousand ounces of Silver. And he lived in the cuts, poof gone.
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<monerobull:matrix.org> what are you talking about
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<monerobull:matrix.org> plowsof:
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<xmrshitty:xmr.se> The point of a hardware wallet is to easily verify your transactions. Even if someone were to steal your hardware wallet, without the password and a passphrase they can't do anything with it.
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<xmrshitty:xmr.se> Keep 2-3 private seed phrases hidden on secret locations and you are set. Keep in mind to use stainless steel plates if something unfortunate happens that you can easily recover and read it.
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<xmrshitty:xmr.se> Additional security can be added by using passphrases and multi sig setup as well.
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<xmrshitty:xmr.se> I'm retired so some aspects of my approach may not apply to someone younger and still working.I have most of my BTC on a Ledger in cold storage.
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<xmrshitty:xmr.se> I also have two BTC spot ETFs. I have two, because it was easier that way. I started the first one as soon as it was approved. I sold another ETF and started a new spot ETF recently. If I sell anything it would be from one of the spot ETFs but not until the gains are long-term capital gains.
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<xmrshitty:xmr.se> So early next year I could sell part of the first spot ETF if I chose to.
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<xmrshitty:xmr.se> I can largely just leave the BTC in cold storage alone. If I want to live on BTC I can just sell a little from the spot ETF as needed. When we get toward the top of the cycle (hard to time) it's easy to just push a button and sell all or part of the spot ETF.
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<xmrshitty:xmr.se> I can put the funds in a money market fund and wait until the inevitable "correction" and then buy back in. This way at least the funds in the spot ETF will generally be profitable. Even with the volatility, this way the BTC is a better way to pay my few bills than using cash or selling stocks.
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<xmrshitty:xmr.se> It's also a way to slowly just move away from the banking/debt/inflation system.
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<xmrshitty:xmr.se> Also, since I'm retired when I move money around it tends to be in large chunks. So it's easy for me to buy all the BTC I'm going to have and it's easy to know the average cost basis since I'm not DCA ing in all the time.
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<xmrshitty:xmr.se> I already have no debt so I'm out of that "system". I have a credit card but I pay that in full every month.
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<xmrshitty:xmr.se> I think, ultimately, the housing unaffordability will decrease as society moves more to Bitcoin. It's deflationary, money will move from housing (as an asset) to Bitcoin and housing will be priced more as just shelter and not as an investment asset. This will take a while of course.
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<xmrshitty:xmr.se> Housing still won't be cheap but it takes a lot of labor and materials (and land) to build a house but it should be much more affordable than now. In a Bitcoin system, labor cost will go down (as everything will). When we don't base everything on debt, we don't have inflation.
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<xmrshitty:xmr.se> I should be clear, I have a house and it's paid for. My comments about housing are just sharing my view of how housing pricing may be relatively lower in the future for the younger generations as Bitcoin is more widely adopted.
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<monerobull:matrix.org> unlike you, i know how crypto works
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<xmrshitty:xmr.se> Sure, but it doesn't have to be valued in the way it is today. One reason we buy a house it to live in. It will always have that value, its functional value. But we also bid the price up to current levels because the dollar is being constantly debased so we have to put our money somewhere.
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<xmrshitty:xmr.se> With Bitcoin, we no longer have to bid something up just because doing nothing with our saved money is just like losing money. Houses will always be an asset but they may not be as "overvalued" as they are today.
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<xmrshitty:xmr.se> Just wait until AI is applied towards maximum efficiency/largest benefits to society at large.
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<xmrshitty:xmr.se> This will be a natural course change as the world adopts the BTC standard.
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<xmrshitty:xmr.se> When you reverse the BTC/USD chart, the dollar looks like a shitcoin that rugged.
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<xmrshitty:xmr.se> Bitcoin will overtake gold in market cap. What do you buy with gold? You don’t buy a cup of coffee with it. Yet it is a $12T martlet cap and one of the most valuable assets on the planet.
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<xmrshitty:xmr.se> Gold sucked for a few reasons , so we made fiat backed by gold (an L2 for the asset). But governments rugged society and eventually removed the redeem ability. This was the greatest rug in the history of the world, the 20th century rug pulled the entire world as every country abandoned the gold standard.
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<xmrshitty:xmr.se> The L2 problem is relatively easily solved and not really even a problem in 1st world countries today. We have lots of ways to spend money and they will evolve to accept sats.
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<xmrshitty:xmr.se> Sure it may be custodial wallets for convenience but who cares. Money layers evolve, if a store of value exists every thing else will follow.
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selsta
imagine spending your day creating matrix accounts and sending spam messages by hand
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<xmrshitty:xmr.se> Bitcoin was designed as -
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<xmrshitty:xmr.se> 'A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.'
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<xmrshitty:xmr.se> Bitcoin was created as an alternative to the legacy fiat monetary system. It was designed to enable direct payments between anyone wanting to free of censorship and intermediaries. This original intent has over time been slyly undermined by a wide range of tactics applied by the legacy fiat power brokers- bankers and governments.
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<xmrshitty:xmr.se> Firstly the public perception of Bitcoin has been attacked via a variety of disingenuous attacks- claims it is only used by criminals, claims it is a waste of energy, claims it has no fundamental value. All these FUD claims do not stand close scrutiny but have gained widespread acceptance nevertheless.
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<xmrshitty:xmr.se> Secondly based upon the asserted risk of money laundering KYC tracking has been imposed upon almost all Bitcoin trading platforms and even those platforms compliant with KYC requirements has often had their banking service access closed down. So a small number of CEXes have been allowed to operate strictly requiring KYC ownership tracking of Bitcoin.
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<xmrshitty:xmr.se> Thirdly Bitcoin has almost universally been arbitrarily designated a commodity and thus liable for tax assessment upon each and every transaction- this hugely undermines the p2p payments intended purpose f the protocol and has pushed most Bitcoiners to hold Bitcoin as a Store of Value investment...and not use it as a Means of Exchange as the White Paper envisioned.
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<xmrshitty:xmr.se> So Bitcoins use has been gradually steered away from a decentralised, censorship resistant P2P payments network to being much more used as a speculative commodity held in most cases with KYC tracking identifying the holder.
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<xmrshitty:xmr.se> The commodification of Bitcoin is further advanced by the Spot ETFs. They remove custody of the Bitcoin into the hands of centralised fund managers. An ETF investor has no ability to use the protocol via their ETF shares except as a speculation upon the future price. An ETF investor has no custody of the Bitcoin held by the fund manager except to extract it in a fiat denominated form.
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<xmrshitty:xmr.se> The ETFs effectively remove a growing ratio of the Bitcoin in existence from being able to be used for P2P payments.
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<xmrshitty:xmr.se> If this progressive degrading of Bitcoins utility as a MoE continues its underlying value as an alternative to the legacy fiat monetary system is undermined.
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<xmrshitty:xmr.se> The value of a monetary system relies heavily upon its ability to be used, as money. The USD is the strongest currency because it has massive transaction volume capacity, relatively stable value and it dominates global inter-bank payments system, SWIFT. So for international trade payments the USD is effectively required by all central banks. This huge volume capacity of the USD an<clipped message>
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<xmrshitty:xmr.se> d its near universal acceptance, gives it value.
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<xmrshitty:xmr.se> In contrast the acceptance of Bitcoin as a MoE is hugely restricted, if not prohibited by most banks and governments.
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<xmrshitty:xmr.se> The Spot ETFs are not the first obstruction to Bitcoins intended purpose as a P2P MoE but they build upon a series of obstructions that have already been imposed.
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<xmrshitty:xmr.se> The Spot ETFs could acquire a majority of all Bitcoin within 3-4 years.
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<xmrshitty:xmr.se> If the fundamental purpose and intent of the White Paper is continually degraded, at what point does Bitcoin cease to be a valid alternative to the state imposed fiat monetary monopoly?
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<xmrshitty:xmr.se> Honestly, none of that does matter.
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<xmrshitty:xmr.se> Public perception is constantly changing. Believing that people will always associate Bitcoin with money laundering and drug trafficking is very narrow-minded, as we're witnessing the change in public opinion right now. You said it yourself, none of those claims hold up.
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<xmrshitty:xmr.se> Your second point is stating premises without coming to a conclusion, so I have no idea what to argue against. If I had to guess, you criticisize the access to Bitcoin based on the legality of it. Honestly, I have to make a lot of assumptions about your point to argue against it, so I just don't. But if Bitcoin keeps growing in the countries that allow it or even use it as legal t<clipped message>
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<xmrshitty:xmr.se> ender, the others will have to follow, as the history of money shows.
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<xmrshitty:xmr.se> The Spot ETFs are not the first obstruction to Bitcoins intended purpose as a P2P MoE but they build upon a series of obstructions that have already been imposed.
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<xmrshitty:xmr.se> The Spot ETFs could acquire a majority of all Bitcoin within 3-4 years.
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<xmrshitty:xmr.se> If the fundamental purpose and intent of the White Paper is continually degraded, at what point does Bitcoin cease to be a valid alternative to the state imposed fiat monetary monopoly?
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<jeffro256:monero.social> I love Craig Wright and think he is Satoshi Nakamoto. Opinions, human?
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<xmrshitty:xmr.se> As much as I love btc, I wouldnt wish th US dollar to collapse. That would be much more catastrophic than you could imagine. Everything will be illiquid such as your btc. Say you hold the strongest asset but no one is willing to buy it, as far as we are concerned btc coexist with the dollar.
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<monerobull:matrix.org> selsta: lol
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ofrnxmr
#2425
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<jeffro256:monero.social> whats 2425
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ofrnxmr
I see "btc btc btc".. wrong channel?
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<xmrdeeeeeead:xmr.se> I have noticed that people who have opposed Bitcoin in the past and learned over the last few years I was right about it, are VERY against it now. They hate themselves for missing out, they do not feel "Smart" and I have now lost a friend over it. From now on, I am just keeping quiet about it. No more preaching adoption, no more trying to help anyone. If you are too lazy to questi<clipped message>
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<xmrdeeeeeead:xmr.se> on by your hard earned dollars by less and less each year, there isn't much you can do for these people.
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<xmrdeeeeeead:xmr.se> But that was the demise of America. Now our dollar is backed only on history saying it’s been worth something! Oil is backing it but as you know Electric vehicles don’t need it and all the car companies have already adopted EV terminating gas IcE vehicles. China knew then it was time to make a plan. Own more, export more, don’t deviate! China owns more Realstate in the world<clipped message>
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<xmrdeeeeeead:xmr.se> than any other country. They own land in probably every country. There they also provide the locals with jobs, especially central and South America. How do you beat the biggest bully on the block. Hire multiple victims with money they can’t turn down and now he has 20 kids in his front yard. Might not be as strong but he can’t take them all! That is how China will basically t<clipped message>
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<xmrdeeeeeead:xmr.se> ake over the whole world. Without even pulling out a knife.
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<xmrdeeeeeead:xmr.se> A wise man once said, "Give me Bitcoin or give me death" (Patrick Henry). That alone is enough to make me question the monetary system.
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<xmrdeeeeeead:xmr.se> JFK once said, "Ask not what your Bitcoin can do for you. Ask what you can do for your Bitcoin."
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<xmrdeeeeeead:xmr.se> Abe Lincoln - ""4 score and seven blocks ago..."
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<xmrdeeeeeead:xmr.se> MLK - -I have a dream that my 4 children will one day live in a nation where they are not judged by the color of their skin but by the contents in their cold wallet."
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<xmrdeeeeeead:xmr.se> FDR - "The only thing we have to fear is Fiat itself."
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<xmrdeeeeeead:xmr.se> Reagan - "Mr. Gorbachev, tear down this sell wall."
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<xmrdeeeeeead:xmr.se> The list goes on and on.
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<xmrdeeeeeead:xmr.se> In reality, it’s not. People here just like to catastrophize the bad things about fiat… just like people in Bitcoin catastrophize high fees and slow sending times. People would rather be validated than accurate.
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<xmrdeeeeeead:xmr.se> In reality, the dollar kinda sucks and the US will have debt problems, but the dollar is still relatively stable and the world’s reserve currency.
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ofrnxmr
xmrdee
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<siren:kernal.eu> too slow
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<plowsof:matrix.org> they can argue about xmr being dead etc no problem, just stop spamming
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ofrnxmr
Tf
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ofrnxmr
This in moneto
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ofrnxmr
Please talk about monero
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ofrnxmr
i see dollar dollar puff daddy take me shopping
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ofrnxmr
Wen monero?
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<imgettingpaidtospamxmrdead69:xmr.se> There's that saying: you buy bitcoin at the price you deserve. If someone isn't willing to have an open mind, do some research, ask some questions, maybe try it out with a very small amount, and (most importantly) humble themselves enough to realize when they were wrong so they can make a course correction, then they deserve what they get.
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<imgettingpaidtospamxmrdead69:xmr.se> I bought mine after 12 years of family court almost wiped me out. I deserved to buy it earlier, and I will keep buying now for my children’s and their children’s future.
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<imgettingpaidtospamxmrdead69:xmr.se> Saylor’s analogy of the appreciation of land in Manhattan rings true. The Bitcoin Standard is a great read.
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<imgettingpaidtospamxmrdead69:xmr.se> My nephew called me a gatekeeper despite knowing I was buying Bitcoin from the sub $1000 prices he could have easily accumulated a couple of Bitcoin around that time instead of blowing his money on bullshit
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<imgettingpaidtospamxmrdead69:xmr.se> Yeah that's a how a socially functioning person operates. If you bring up a topic and there's no interest, that should be the end of it. Very few people want a stereotypical crypto-bro as a friend. I brought up BTC/crypto to an irl friend because I knew he invests and he instantly shut it down as something he's not interested in. It's totally fair. Some people have low risk tolera<clipped message
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<imgettingpaidtospamxmrdead69:xmr.se> nce as well. NVIDIA was a massive chunk of his portfolio years ago and I'm sure he is much further in the green than I am with BTC today. Let people find success in their own way, or not.
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<imgettingpaidtospamxmrdead69:xmr.se> Be prepared for a lot of Bitcoiners to be angry too.
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<imgettingpaidtospamxmrdead69:xmr.se> Lots of people have been selling to make a quick buck. They call it "Taking Profits," but in my opinion, the way to take profits is to move them to a long term hodl.
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<imgettingpaidtospamxmrdead69:xmr.se> Every 4 year halving-to-halving cycle sees so many people sell, chasing quick cash, only to realize they'll never be able to buy as much Bitcoin as they used to have.
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<imgettingpaidtospamxmrdead69:xmr.se> Owning 100 BTC in 2012 was nothing. How many people still owned 100 BTC in 2016?
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<imgettingpaidtospamxmrdead69:xmr.se> Owning 10 BTC in 2016 was no big deal. How many people still owned 10 BTC in 2020?
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<imgettingpaidtospamxmrdead69:xmr.se> Owning 1 BTC back in early 2020 wasn't that big of a deal. How many people still own 1 BTC today? Very few.
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<imgettingpaidtospamxmrdead69:xmr.se> The 2024 halving isn't even here yet and we've already reached the point where it costs over $6,800 just to buy 0.1 BTC.
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<imgettingpaidtospamxmrdead69:xmr.se> How many people will still own at least 0.1 BTC in 2028?
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<imgettingpaidtospamxmrdead69:xmr.se> People keep cashing out, thinking they'll buy back in when the price drops, because of course they will, right? But that money's long gone when the price drops because when they had money in the bank, they spent it. And that assumes the price drops. There will come a time when buying Bitcoin under 70k will seem like the good old days.
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<monerobull:matrix.org> how is this fun
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<basses:matrix.org> idk
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<monerobull:matrix.org> nobody reads these walls of text anyways
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<basses:matrix.org> can't even accuse him of being a fed
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<basses:matrix.org> cuz that's way too retarded
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ofrnxmr
Chatgpt: please write a 1000 word bitcoin story from the perspective of a junkie 12 year old
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ofrnxmr
Voila
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ofrnxmr
"How many people will still own at least 0.1 XMR in 2028?" 🧏♂️
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<plowsof:matrix.org> wugic: did you not have to register an email to sign up on xmr dot se ?
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ofrnxmr
hi plowsof
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DataHoarder
> this could be done IgnoreNicks=":libera.chat$ :xmr.se$"
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<eximietate:converser.eu> hi
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<eximietate:converser.eu> did spam in xmr network stop?
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selsta
no but it slowed down a bit
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<eximietate:converser.eu> will v0.18.3.2 slow down the spam?
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<unkn8wn69:matrix.org> It will make the block size adjust correctly
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<unkn8wn69:matrix.org> If majority starts using it
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<unkn8wn69:matrix.org> because then miners will get incentive for bigger blocks when tx pool is full
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<eximietate:converser.eu> how did the developers fix it so quickly?
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<eximietate:converser.eu> bitcoin takes 10 years to update a small bug
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<unkn8wn69:matrix.org> Because its just a few lines
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<unkn8wn69:matrix.org> It was set to make slowest fee automatic at all times
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<unkn8wn69:matrix.org> Or something like that
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<plowsof:matrix.org> i thought it just bumped the automatic priority fee level to .. 2? so your tx will get confirmed quicker
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m-relay
<unkn8wn69:matrix.org> Functionality was there but just not enabled
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m-relay
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m-relay
<eximietate:converser.eu> shows more than a few lines of updates
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<unkn8wn69:matrix.org> Yes but through that the fee is higher and then the miners will compensate the penalty
-
ofrnxmr
Bcuz wete not btc
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m-relay
<plowsof:matrix.org> the who and the what now
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m-relay
<unkn8wn69:matrix.org> Giving incentive for higher blocks WHEN the network is getting much load
-
ofrnxmr
We actually would like to have a usble l1
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m-relay
<eximietate:converser.eu> is the xmr price suppressed?
-
ofrnxmr
Btc doesnt implement enhancements, they just try to (like apple) keep up the status quo
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m-relay
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m-relay
<eximietate:converser.eu> it acts weirdly
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m-relay
<unkn8wn69:matrix.org> 4 lines yes
-
ofrnxmr
Yes
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m-relay
<eximietate:converser.eu> ok so one bug was 4 lines but all the bugs were more than 4
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m-relay
<unkn8wn69:matrix.org> Wait wrong link
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m-relay
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m-relay
<eximietate:converser.eu> why does the article link this?
-
DataHoarder
-
DataHoarder
^ compare base monero itself
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m-relay
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m-relay
<unkn8wn69:matrix.org> Here
-
DataHoarder
GUI stuff doesn't really affect the network
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m-relay
<eximietate:converser.eu> will xmr ever switch to rust only
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m-relay
<eximietate:converser.eu> isn't c++ dangerous to use?
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m-relay
<unkn8wn69:matrix.org> The other stuff were just things for next update that were already done
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m-relay
<unkn8wn69:matrix.org> Ig
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<eximietate:converser.eu> according to the US government
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sech1
how much do you get paid to spam this channel, $1/hour?
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m-relay
<eximietate:converser.eu> ?
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m-relay
<plowsof:matrix.org> in ref to an earlier user named "igetpaidtospamxmrtodeath69"
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m-relay
<eximietate:converser.eu> that can't be real
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m-relay
<plowsof:matrix.org> although eximietate is verging on 'whats this... well thats that// hey what about that'
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m-relay
<syntheticbird:monero.social> dangerous no. unsafe yes.
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m-relay
<eximietate:converser.eu> will xmr gain any advantages if it switches to rust?
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m-relay
<eximietate:converser.eu> over c++
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m-relay
<plowsof:matrix.org> #cuprate:monero.social ask in here about rust monerod things
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m-relay
<syntheticbird:monero.social> look at github.com/cuprate/cuprate
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m-relay
<eximietate:converser.eu> where can I find all the monero-related channels?
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m-relay
<plowsof:matrix.org> #monerospace:monero.social is the matrix space for that
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m-relay
<eximietate:converser.eu> cuprate is a really cool project, I can't believe I didn't know it existed
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m-relay
<syntheticbird:monero.social> yeah, I started it in january of last year. I had to make a break and public communication stopped from there. Hopefully we'll make announcements when we got closer to the release
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m-relay
<eximietate:converser.eu> exciting. I'll be following announcements closely
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m-relay
<fr33_yourself:monero.social> so the 18.3.2 has a patch for the bug in the GUI wallet. So now auto fee with go up appropriately and tx will spend less time waiting in transaction pool?
-
selsta
yes
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selsta
it will now switch between lowest and normal fee depending on the backlog
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m-relay
<fr33_yourself:monero.social> roger roger
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m-relay
<fr33_yourself:monero.social> If one had to guess, how long will it take a normal fee (medium) transaction to get processed under current circumstances?
-
Inge
2 minutes on avg?
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selsta
normal fee is not medium, but the second lowest
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m-relay
<fr33_yourself:monero.social> low fee looks like it could take around 30 minutes from what people were saying earlier. Perhaps a better way to phrase my question is, "What metric can I monitor to determine what fee size I should choose?" The average transaction fee? Or? Is there a website that shows fees of transactions in the tx pool?
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selsta
low fee depends on the backlog
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sech1
I haven't heard about such website because there was literally no need for it\
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m-relay
<lakshmana:matrix.org> just put it on fast its 7c fee
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m-relay
<lakshmana:matrix.org> lol
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m-relay
<fr33_yourself:monero.social> how do you view the transaction street and school bus site again? what is that website?
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m-relay
<fr33_yourself:monero.social> true
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m-relay
<fr33_yourself:monero.social> pennies haha. It was more so for future reference
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selsta
monero-wallet-cli will show you long you have to wait with the selected fee level
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sech1
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m-relay
<fr33_yourself:monero.social> For when we finally get high adoption haha
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m-relay
<lakshmana:matrix.org> Monero has higher adoption than 99.9% of shitcoins
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m-relay
<fr33_yourself:monero.social> I meant relatively speaking like same tx per day on chain as Bitcoin
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m-relay
<lakshmana:matrix.org> Our value is directly linked to cocaine
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m-relay
<lakshmana:matrix.org> Which is a tangible real substance
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m-relay
<lakshmana:matrix.org> didnt monero reach like 30% of btc transactions
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m-relay
<lakshmana:matrix.org> Fees will never be like on btc
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m-relay
<fr33_yourself:monero.social> i could also look at xmrchain.net and look at what the fee size was in the past couple of blocks and then decide from there. That could be a good way to at least guess-timate what I should set fee level to.
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m-relay
<eximietate:converser.eu> will raising your fee decreases anonymity?
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m-relay
<eximietate:converser.eu> will raising your fee decrease anonymity?
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m-relay
<fr33_yourself:monero.social> possibly but only marginally
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m-relay
<eximietate:converser.eu> I read what Ruck said and what I gathered is that it shouldn't if may other people raise their fees too
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m-relay
<eximietate:converser.eu> I read what Ruck said and what I gathered is that it shouldn't if many other people raise their fees too
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m-relay
<gfdshygti53:monero.social> It can make your tx stand out from the rest. But if every user fee go up then it's not a problem
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m-relay
<fr33_yourself:monero.social> I think if you select one of the uniform recommended rates in the wallet than probably not, but I'm not as smart as the statisticians on that one
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m-relay
<syntheticbird:monero.social> monero have four pools of fee in order to not discriminate transactions based on their fee. Most people are using the slow pool. You can raise it but less will people will be in that pool. It's still ok. It becomes a problem when you manually set your fees
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m-relay
<syntheticbird:monero.social> monero have four pools of fee in order to not discriminate transactions based on their fee. Most people are using the slow pool. You can raise it but less people/transactions will be in that pool. It's still ok. It becomes a problem when you manually set your fees
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selsta
just choose default / automatic fees. it will cause you to blend in with other real people because cli / gui / feather default to it
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m-relay
<eximietate:converser.eu> ooo I didn't know that
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m-relay
<eximietate:converser.eu> are the four pools fixed numbers? and these increase with dynamic block sizes?
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m-relay
<syntheticbird:monero.social> selsta is right. Since v0.18.3.2 release, auto fee has been fixed. You should be able to use it and not worry on transaction time
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m-relay
<gfdshygti53:monero.social> I confirmed it work just fine (with Feather).
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m-relay
<eximietate:converser.eu> could someone track your transaction from this message?
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m-relay
<gfdshygti53:monero.social> Well, I did not say when exactly I did it.
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m-relay
<gfdshygti53:monero.social> And even if they find which TX (good luck with that, i'm not the only users who upgraded wallet and have working auto fees), they still won't see where it came from, how much and where it went to...
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m-relay
<preland:matrix.org> If the attack continues for another week, I think we can reasonably assume it isn’t an attack and is just some misconfigured custom wallet or smth
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m-relay
<preland:matrix.org> At which point we should probably try to figure out what app it is (not cuz of congestion, but because they are unintentionally draining their users’ wallets of a few XMR every single day)
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sech1
some script stuck in a loop?
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m-relay
<preland:matrix.org> In other news, the “fair market price” of Monero according to Metcalfe’s law is now 24k
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m-relay
<preland:matrix.org> Sounds pretty fair to me lul
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m-relay
<jack_ma_blabla:matrix.org> oh yes a script stuck in loop
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<preland:matrix.org> Probably something to do with output splitting
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m-relay
<jack_ma_blabla:matrix.org> its just binance sending all those payments with 1 input and 2 outputs
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<jack_ma_blabla:matrix.org> no attack, its a misconfiguration
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m-relay
<preland:matrix.org> I still kinda like to think that there is only a single ETH “expert” on Binance’s team that has to handle the entire Monero delisting, and doesn’t know what they are doing.
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m-relay
<preland:matrix.org> They didn’t actually want to stop withdrawals early; the person just keeps accidentally locking the entire cold wallet whenever they do a single withdrawal 😂
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m-relay
<wugic:xmr.se> It appears that the attacker isn't spamming every block. Occasionally, the network mines blocks with fewer transactions. Could it be because they're running out of XMR and need to refill their wallet to resume the attack?
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m-relay
<wugic:xmr.se> If that's the case, can we estimate approximately how much funding each round of the attack receives?
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m-relay
<jack_ma_blabla:matrix.org> maybe we ask fiatjaf to check why he isnt sending txs more often for every block
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m-relay
<preland:matrix.org> If that is the case, then it would actually confirm to me that it isn’t an attack (or at least not a well coordinated one)
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m-relay
<preland:matrix.org> The easiest way to pull off this attack (a 1:1 output split over and over again) would result in a very noticeable “doubling” effect, followed by nothing. To create the most transactions, you would want to use all of your Monero at once.
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sech1
they seem to be capped out at ~120k transactions/day
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m-relay
<preland:matrix.org> The stopping behavior (especially how it seems to be loosely timezone based) may imply that people are moving money into the wallets of a faulty app, only for said app to start the whole process over again
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m-relay
<jack_ma_blabla:matrix.org> limited funding for fees or want to keep blocksize capped ?
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m-relay
<preland:matrix.org> Hmm
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m-relay
<preland:matrix.org> From reversing that amount we can make an estimate for how much money the attacker has
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m-relay
<preland:matrix.org> The block size cap idea is interesting actually
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sech1
limited number of outputs, I guess. Or, their script is CPU limited because transaction creation is not quick
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m-relay
<preland:matrix.org> I hope that this isn’t an attempt to exploit some vulnerability that only occurs at a specific block size
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m-relay
<preland:matrix.org> The CPU limit is what I was thinking actually
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m-relay
<jack_ma_blabla:matrix.org> yes they just need x number of outputs to be effective anything above it is waste
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m-relay
<jack_ma_blabla:matrix.org> yes they just need x % of outputs to be effective anything above it is waste
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m-relay
<preland:matrix.org> Not necessarily; it’s not like extra transactions above a certain level would just “bounce” out of mempool
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m-relay
<preland:matrix.org> Even if they flooded mem_pool with over a million transactions in a few minutes, they would all (eventually) get processed
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m-relay
<jack_ma_blabla:matrix.org> mempool is 600mb cap, they are not even close
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m-relay
<preland:matrix.org> Oh dear what if this just a precursor step for something like that
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m-relay
<preland:matrix.org> Like this is them splitting the outputs down a ton until they have enough to overwhelm mempool in one fell swoop
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m-relay
<jack_ma_blabla:matrix.org> its just a % they want to own
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m-relay
<jack_ma_blabla:matrix.org> let it be used and they can sell their product
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m-relay
<jack_ma_blabla:matrix.org> let it be useable and they can sell their product
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selsta
you can always set a custom mempool limit with the `--max-txpool-weight` flag. at some point it will make sense to set that if performance becomes an issue.
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selsta
tx with low fees will get thrown out
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m-relay
<jack_ma_blabla:matrix.org> everynode out there would need to do that ? or just mining pools doing it will be enough
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selsta
every node can set their own limit
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m-relay
<jack_ma_blabla:matrix.org> to be effective ?
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m-relay
<preland:matrix.org> Actually yeah
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m-relay
<preland:matrix.org> If only some nodes throw the transactions out, wouldn’t that temporarily “fork” parts of the blockchain
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m-relay
<preland:matrix.org> Not that it would matter probably but
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selsta
no, it would not fork parts of the blockchain
-
selsta
or maybe i don't understand what you mean
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m-relay
<preland:matrix.org> The nodes with the limit wouldn’t ban those without a limit right
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selsta
no
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m-relay
<preland:matrix.org> Not as in a hard fork
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m-relay
<preland:matrix.org> Just that there would be transactions missing from the mempool of some nodes
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m-relay
<jack_ma_blabla:matrix.org> intresting times ahead
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m-relay
<ofrnxmr:agoradesk.com> Read: bitcoin's design
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<ofrnxmr:agoradesk.com> Its not a fork to have a different txpool than your peers
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m-relay
<ofrnxmr:agoradesk.com> I dont have to broadcast my tx to the network. I can mine them myself (if i have enough hr)
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m-relay
<ofrnxmr:agoradesk.com> 2miners still mines empty blocks, because they dont request a current view of the tx pool, but instead they look at what the tx pool looked like when the last block was mined
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m-relay
<ofrnxmr:agoradesk.com> Btc's standard is 300mb iirc.
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m-relay
<ofrnxmr:agoradesk.com> some people manually set to 1gb + (ironic, since they claim "big blocks" = centralization, but big mempools are are obv worse on btc)
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m-relay
<0xfffc:matrix.org> notofrnxmr: check your other account I have important question regarding one of the algorithms.
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m-relay
<ofrnxmr:agoradesk.com> Ill ping ofrnxmr for you 😉
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m-relay
<louis.signet:monero.social> Could nodes drop "statistically" weak txs from the mempool? I imagine spam attacks have the issue of repeating the same inputs a lot.
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m-relay
<louis.signet:monero.social> maybe stupid suggestion.
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m-relay
<syntheticbird:monero.social> statistically dropping weak txs = raising minimal fees
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m-relay
<syntheticbird:monero.social> this isn't *stupid* per say. But it is not the best option. You can check out the ongoing discussion here:
monero-project/monero #9240
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m-relay
<louis.signet:monero.social> Thanks
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m-relay
<elaryan:hackliberty.org> per se
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m-relay
<louis.signet:monero.social> Is it though?
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m-relay
<syntheticbird:monero.social> It is. If nodes are dropping transactions that are weak. That means we're artificially bumping minimal fees as you would need to be in the threshold of *not weak txs*. Moreover, you're limiting the throughput of handled txs as the more there are transactions that are in average *weak*
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m-relay
<syntheticbird:monero.social> It is. If nodes are dropping transactions that are weak. That means we're artificially bumping minimal fees as you would need to be in the threshold of _not weak txs_. Moreover, you're limiting the throughput of handled txs as there are transactions that are in average _weak_
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m-relay
<syntheticbird:monero.social> It is. If nodes are dropping transactions that are weak. That means we're artificially bumping minimal fees as you would need to be in the threshold of _not weak txs_. Moreover, you're limiting the throughput of handled txs as there are in average more transactions that are _weak_
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pedrowiski
are there like online maps for stores accepting monero ?
-
pedrowiski
physical stores
-
snex
v0.18.3.2 monerod compiled from source reports its version as v0.18.3.1-release
-
snex
so does monero-wallet-cli. its entirely possible i fucked something up but i did the same process i always do. fetch and build
-
selsta
did you try a clean build?
-
selsta
also what version number does it say in src/version.cpp.in ?
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snex
i must have fucked something up because the bins from the versions are identical
-
snex
0.18.3.1
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selsta
means you didn't properly check out the new code
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snex
yeah.. dafuq did i do
-
rbrunner
Just thinking and speculating a bit: Does it want to tell us something that tx traffic slowed during Saturday and Sunday but went back to full flood again this Monday here?
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m-relay
<123bob123:matrix.org> Business hrs
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rbrunner
Yeah, but how and why if true? Somebody using machines at their workplace to spam our chain, plus maybe a couple at home?
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m-relay
<gfdshygti53:monero.social> Maybe a state filling buckets slowly but constantly to keep the price low while they buying?
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m-relay
<gfdshygti53:monero.social> That could explain business hours...
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m-relay
<gfdshygti53:monero.social> When you plan to buy a ton you don't want to print a +20$ candle during a 3hr period, it might continue to pump then you can't buy that much at a nice price.
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m-relay
<gfdshygti53:monero.social> yes, another assumption :)
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m-relay
<123bob123:matrix.org> Maybe it did a windows update
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rbrunner
Lol
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m-relay
<rucknium:monero.social> Monero tx volume is always lower on the weekend. I don't know if that would affect anything.
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m-relay
<rucknium:monero.social> I'm putting the day-of-week cycles in my little tx flood analysis.
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rbrunner
To me it looks as if some script gets used to assure a certain fill level for the txpool, and I assumed if less natural txs over the weekend just spam a bit harder.
-
rbrunner
So the "dip" came as a bit of a surprise to me
-
selsta
rbrunner: is it in full flood today? while there is a bit of a backlog it's not too bad, nothing like on Friday
-
selsta
though blocks are larger compared to friday so that has to be considered
-
snex
why wouldnt an attacker just use an automated script
-
rbrunner
What I saw looked pretty constant i.e. to keep pushing blocksize up
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m-relay
<gfdshygti53:monero.social> Yeah, it's like the person doing the flood reduced the TX rate
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m-relay
<gfdshygti53:monero.social> But yeah, they keep it high enough to keep a steadily block fill
-
rbrunner
But not to push the mempool up to high heavens anymore, like at the start of the "anomaly"
-
selsta
if their goal was to push up the blocksize why they did let it reset from 370 to 350 on the weekend? doesn't make much sense
-
selsta
if their goal was to push up the blocksize why they did let it reset from 370 to 350 on the weekend? doesn't make much sense
-
selsta
didn't want to send this twice
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rbrunner
Yup
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m-relay
<rucknium:monero.social> The reset could be a mistake. Or they actually don't want to push block size up too much.
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m-relay
<lakshmana:matrix.org> Arctic suggested it might be organic
-
selsta
no way it's organic
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m-relay
<lakshmana:matrix.org> Artic suggested it might be organic
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m-relay
<gfdshygti53:monero.social> They probably noticed the problem it caused hence lowered the fill rate.
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m-relay
<gfdshygti53:monero.social> Maybe they did not want to cause harm to the users and where thinking that the thing was working correctly initially
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m-relay
<gfdshygti53:monero.social> It's just assumption as we don't know "who" and the "motive"
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m-relay
<gfdshygti53:monero.social> If it's to cause bloat or rot the anonymity set, or cause disruption, then why lowering the rate of the flood
-
selsta
daily tx don't just jump 7x from one day to another
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m-relay
<rucknium:monero.social> No one knew what network effects the flood would have until it happened. Yeah, could be adjusting to not cause as much disruption.
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m-relay
<lakshmana:matrix.org> coincided with binance?
-
rbrunner
I think the current regularity speaks even loader "artificial" than the initial very big wave. Can't imagine organic traffic to be *that* regular, somehow
-
rbrunner
Not that all this speculating leads to much, but I like to speculate a bit, and who knows, maybe something comes out of it nevertheless
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m-relay
<gfdshygti53:monero.social> One or more states order there agent to buy as much without pumping the price.
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m-relay
<gfdshygti53:monero.social> imagine 200+ agent doing just that.
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m-relay
<gfdshygti53:monero.social> And also churn it all many time
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m-relay
<gfdshygti53:monero.social> I like to speculate too, many economies are failing and could be evacing to a sound currency your adversary can't track... can be a good idea
-
rbrunner
You mean it's all those Argentinans fleeing the Peso :)
-
rbrunner
Headline in 2 months: "Argentina switches from Peso to Monero". You read it here first!
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m-relay
<gfdshygti53:monero.social> Or literally governments washing some of there tax money away.
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m-relay
<gfdshygti53:monero.social> They might not want a surveillance coins
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m-relay
<gfdshygti53:monero.social> Yeah, would be great Argentina do that lol
-
snex
i wish. too bad milei is a chicago schoool guy
-
m-relay
<gfdshygti53:monero.social> Could be many nation states in the same time.
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m-relay
<gfdshygti53:monero.social> Like that day it started, could have triggered buy by other nations, like they see see that it started and so want to be in before it's too late
-
rbrunner
Nice daydreams, but I don't think something like that happening would result in a flood of txs that are all exactly 1 in 2 out
-
m-relay
<gfdshygti53:monero.social> true
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m-relay
<gfdshygti53:monero.social> It could append if they decide they should churn everything they buy, many time. But yeah, it's sus
-
rbrunner
In fact, everything is somehow so utterly, bluntly public, no visible attempt to obfuscate anything
-
m-relay
<gfdshygti53:monero.social> We, everyone see the massive uptick in 1:2, yet no one know who is doing that, how much, where it go and the actual motive.
-
m-relay
<gfdshygti53:monero.social> One thing is more certain. "They" noticed they where causing real harm and throttled down.
-
m-relay
<gfdshygti53:monero.social> Actuel harm stopped at +-2024-03-09 02:20 UTC
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m-relay
<gfdshygti53:monero.social> Now it's nothing compared to them
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m-relay
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m-relay
<monerobull:matrix.org> id say its 50/50 either organic usage (but by a single entity) or chainalysis
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m-relay
<123bob123:matrix.org> Pokemon moonstone?
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m-relay
<monerobull:matrix.org> chainalysis spending a few k to show flooding "works" in practice would definitely increase their evaluation / score them some contract
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m-relay
<123bob123:matrix.org> Sgp is this you ;)
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m-relay
<gfdshygti53:monero.social> Change the DSA so it only use the same ratio as your real spend?
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m-relay
<gfdshygti53:monero.social> You make a 2:2? All decoy be a 2:2 :D.
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m-relay
<gfdshygti53:monero.social> But really might not be optimum at all but it would prevent people doing normal TX to pull there 1:2
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m-relay
<monerobull:matrix.org> that would make any non-standard tx stand out so hard
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pedrowiski
Lets say I have monerod and mining on p2pool but I wanted to try the official gui, when restoring my wallet from mnemonic seed, does it give me the option to select the monero blockchain folder? So i dont need to download it all again
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pedrowiski
Sry for the n3wb question
-
m-relay
<blurt4949:matrix.org> RavFX 🤐: That's only the mempool. More likely they realized that they're spamming too quickly to make new transactions. Blocks are still full.
localmonero.co/blocks/stats/block-medians
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m-relay
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<gfdshygti53:monero.social> Yeah, I know, except for that block that got miner almost empty by some pool I guess
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<rucknium:monero.social> Does anyone know why the top tier of `get_fee_estimate` RPC results from monerod has decreased from 4000 nanoneros per byte to 3100 since the suspected spam started? What is the logic for it decreasing?
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<rucknium:monero.social> The tiers are the same as before (20, 80, 320 nanoneros per byte)
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<rucknium:monero.social> The lower tiers I mean
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<rucknium:monero.social> Something unusual in the empirical fee data: In February the number of txs using 320 nanoneros per bytes was about 3,000 per day until Feb 16. Then on Feb 17 it dropped to about 1,000 per day. Binance halted XMR trading on Feb 20. Dates don't quite line up, but it could be related.
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<rucknium:monero.social> Did Binance use the 3rd fee tier for withdrawals?
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<modul8:matrix.org> Anyone running a node over tor? After upgrade I started monerod with my usual parameters and it was not syncing.
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nioCat
the damage they don't want to do is to their ability to make these txs
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<123bob123:matrix.org> Rpc password?
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snex
hunter2
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snex
i might have to move my monero node to a real computer. this thing is gobbling ram like crazy
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<gfdshygti53:monero.social> snex: The more you give it, the more it will use, for caching
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snex
i dont remember "giving" it anything
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snex
it just takes
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<gfdshygti53:monero.social> It love it
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<gfdshygti53:monero.social> When that server will have more ram I will increase the monero vm to 128 or maybe 256
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<syntheticbird:monero.social> Linux uses all the available RAM for caching for faster access. It somethings I've extensively tried to fight [in my monerod microvm experiment](
syntheticbird45.github.io/monerodmicrovm.html) but Linux is Linux, and there aren't a lot of ways to fight this behavior
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<gfdshygti53:monero.social> Yeah, that's another point
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snex
its going into swap
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<gfdshygti53:monero.social> Maybe I could add 8 more thread and enable zstd on the ram (downloading more ram, the modern way 😂)
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<rucknium:monero.social> "In February the number of txs using 320 nanoneros per bytes was about 3,000 per day until Feb 16. Then on Feb 17 it dropped to about 1,000 per day." This was accidentally multiplied by a factor of 2. 😅 This should be 1,500 and 500 per day.
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<ofrnxmr:agoradesk.com> Yes, i am
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<123bob123:matrix.org> Unused RAM is water RAM
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<123bob123:matrix.org> Wasted*
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pedrowiski
Would be nice if unused RAM could be used as VRAM
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<123bob123:matrix.org> Kinky
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snex
this is why we need jailed app stores. so they can stop apps like these
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<ofrnxmr:agoradesk.com> It should be syncing but, rpc-login broke issuing commands to monerod via `monerod [command]`.
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<ofrnxmr:agoradesk.com> my node is --proxy --tx--proxy(i2p+tor) --anonymous-inbound(i2p+tor)
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<123bob123:matrix.org> Walled garden
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<jack_ma_blabla:matrix.org> maybe its automated to own only a certail % of recent outputs, over a certain % its useless for them to spam
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<ofrnxmr:agoradesk.com> Its obv automated
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<ofrnxmr:agoradesk.com> They spam at 1:1 the confirmation ratr
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nioCat
"organic"