Sometimes

lol

<k​443:hackliberty.org> Hello.

<k​443:hackliberty.org> I was working on the turkish translation of monero.garden recently.

<k​443:hackliberty.org> And during my translation, I noticed this thing, which I aired on monero garden's matrix room, but for better visibility, am going to repeat here:

<k​443:hackliberty.org> I sense that the most underappreciated, **yet most under-understood**, aspect of Monero is its dynamic block size and its dynamic fees. Yet, practically, there is only one dev seeming to be in charge of it.

<c​0w:matrix.org> It is simply a release valve that ensures the network is never congested, as happens with inferior protocols like btc

<k​443:hackliberty.org> Well it's quite easy to say "it's a release valve that ensures[...]". The tricky stuff is understanding *why*. And it is my observation that the number of monerobros that understand this is low.

<c​0w:matrix.org> Who cares, as long as you understand the competitive advantage over other coins.

<k​443:hackliberty.org> I mean, we all get a sense of how the encryption protects the information from being read by unauthorized people (hidin the amounts, hiding the receiver, etc). But we don't understand how the fee formula was designed *that* way, and *how* it faciliatates a congestion-free blokchain use.

<k​443:hackliberty.org> What does that even mean? I can believ Christ is King, and bask in the glory of "competitive advantage over other religions" ?

<c​0w:matrix.org> It means you don't have to focus on the implementation details to understand what it does.

<k​443:hackliberty.org> Yeah and I have bridge to sell you.

<k​443:hackliberty.org> It's only 50 XMR.

<k​443:hackliberty.org> It's on the mars, btw.

<b​asses:matrix.org> I have a NFT to sell you.

<k​443:hackliberty.org> not interested.

<c​0w:matrix.org> Everyone is free to decide how they want to spend their own time, I have better productive things to do with my time. I know what it does and have seen it work, for me that is more than enough. I don't need to know mechanics to buy a car and see its potential value.

<c​0w:matrix.org> Everyone is free to decide how they want to spend their own time, I have better productive things to do with mine. I know what it does and have seen it work, for me that is more than enough. I don't need to know mechanics to buy a car and see its potential value.

<c​0w:matrix.org> Everyone is free to decide how they want to spend their own time, I have better productive things to do with mine. I know what it does and have seen it work, for me that is more than enough.

<c​0w:matrix.org> I don't need to know mechanics to buy a car and see its potential value...

<k​443:hackliberty.org> duly noted

<c​0w:matrix.org> good

<p​reland:monero.social> Try to sell it to NASA; they’ll probably lowball you and offer 500 XMR instead though

<s​tarlingfarchecker:monero.social> oh i can try. Bitcoin has a fixed block size so when the network is very congested, miners have to choose a small set (that fits the 1MB blocksize) from the large pool of transactions which means that people will go into a bidding war of transaction fees to get their transactions into the blockchain. Monero has a dynamic blocksize so this bidding war doesn't exist. Miners can choo<clipped message>

<s​tarlingfarchecker:monero.social> se how big of a block they want to put in the blockchain, and a dynamic fee means that there is a penalty deducted to the base reward when miners construct a block larger than the median of 100 previous blocks (which makes it so miners wont just construct very very large blocks all the time (i think)).

<s​tarlingfarchecker:monero.social> Here's the relevant research: github.com/JollyMort/monero-researc…amic%20Minimum%20Fee%20-%20DRAFT.md

<s​tarlingfarchecker:monero.social> monero.stackexchange.com/questions/…ynamic-fees-work-together-in-monero

<s​tarlingfarchecker:monero.social> With the block reward penalty, here's an optimum point in going past the past-100-median blocksize which will maximize the reward of the miner

<s​tarlingfarchecker:monero.social> With the block reward penalty, there's an optimum point in going past the past-100-median blocksize which will maximize the reward of the miner

<m​exmoneroexchange:matrix.org> good morning sirs

<s​trawberry:monero.social> good morning

<m​exmoneroexchange:matrix.org> I hear this is where all of the benchods hang out

<m​exmoneroexchange:matrix.org> madarchods

<s​tarlingfarchecker:monero.social> I have a noob question about mining in pools:

<s​tarlingfarchecker:monero.social> When i’m mining in a pool, let’s say I find a block. What stops me from “going around”/bypassing the pool and publishing that block as a solo miner, thus getting the full block reward?

<s​tarlingfarchecker:monero.social> I have a noob question about mining in pools:

<s​tarlingfarchecker:monero.social> When i’m mining in a pool, let’s say I find a block. What stops me from “going around”/bypassing the pool and publishing that block as a solo miner, thus getting the full block reward for myself?

The coinbase txn can't be modified without changing the hashable object, which would invalidate your solve.

<s​trawberry:monero.social> or better: only submit shares and refuse to submit solved blocks

<s​trawberry:monero.social> are there any websites which fairly compare node counts of different cryptocurrencies? monerohash.com claims there are 3593 online monero nodes, and bitnodes.io claims there are 11123 online bitcoin nodes

<s​trawberry:monero.social> I find it hard to believe that bitcoin has just 3x as many as us, so I assume those 2 websites are using a different way of measuring node counts

different sites give different results due to using different methods