-
agent314
somehow by pure luck i think i have just enough monero for a deposit wow
-
Cindy
deposit for what
-
agent314
havenoreto
-
Cindy
ah
-
agent314
has anyone actually gotten actual xmrs from there?
-
ruidx
what is the deposit amount for havenoreto?
-
Cindy
i thought they got rid of the deposit amount of buying XMR
-
agent314
depends on offer
-
Cindy
or are you selling XMR?
-
agent314
there are offers without deposit even
-
agent314
no, buying Cindy
-
Cindy
ah
-
agent314
i remember localmonero was so good... so easy to get xmr via that
-
Cindy
they have gotten rid of deposits for buying XMR though
-
agent314
of course, i have some contacts that sold me some xmr here and there... but i want to try it without that
-
agent314
just like i downloaded haveno, monero wallet, elektrum wallet
-
agent314
Cindy: who localmonero or haveno?
-
Cindy
haveno
-
agent314
haveno has not gotten rid of deposits to the best of my knowledge
-
Cindy
but they did make it optional at least
-
Cindy
if i remember
-
Cindy
for buying XMR
-
agent314
in im running haveno-v1.2.0-linux-x86_64.AppImage
-
agent314
Cindy: yes, you can click "no deposit" and only view offers that require no deposit
-
Cindy
yeah
-
Cindy
it wasn't like that before
-
Cindy
haveno used to always require deposits regardless
-
Cindy
i used it before
-
agent314
oh i didnt know that
-
agent314
but yeah, you dont need a deposit apparently... the problem with no deposit offers is that they're mostly 0.4-1.5 XMR
-
agent314
so 0.4 minimum
-
Cindy
it was annoying to people that they had to get some initial XMR for the deposit to buy XMR (like catch 22)
-
Cindy
so they changed it to make deposits optional (for offers to buy XMR ONLY)
-
Cindy
oh 0.4 XMR minimum?
-
Cindy
not a lot of breathing room i guess
-
agent314
right this second
-
agent314
i imagine offers change constantly + you can make your own offer i think...?
-
Cindy
yeah you can make your own offer
-
agent314
i mean by current rate that's about a hundred bucks
-
agent314
i say that's reasonable
-
Cindy
but you have to make it a little generous if you want somebody to take it fast
-
agent314
oh wow this SWIFT offer starts at 10 XMR lol
-
Cindy
wow
-
Cindy
i mean that's the problem with haveno offers tbh lol
-
Cindy
they have an absurd amount of minimum XMRs
-
agent314
the main problem with haveno is just the UI and the complexity
-
Cindy
it's based on bisq
-
agent314
like say i found offer pay-by-mail that looks good, it's minimum 0.2 xmr, maximum 22 xmr that's 42-4655 british pounds... i dont have pounds but say i did have them
-
agent314
now i'm looking at the deposit cell, precisely "Deposit XMR" column
-
Cindy
you could get away with the currency differences if it was some payment service
-
Cindy
but i assume they have to factor in conversion fees
-
Cindy
but considering pay-by-mail
-
agent314
so there's a "<= 3.34452 (15%)" in there
-
Cindy
.. you better go find some british pound bills :P
-
agent314
what does that mean? :)
-
Cindy
15% is probably the percentage above exchange rate
-
Cindy
i assume the price is tied to the exchange rate rather than being static
-
agent314
ah maybe but why oh why is it in the deposit column
-
agent314
ok screw it let's look at something i can actually click at... the XMR/BTC
-
Cindy
i think if the offer is about buying, the percentage represents ABOVE exchange rate
-
Cindy
while selling, percentage represents BELOW exchange rate
-
Cindy
(of course the percentage can be negative.. for any reason)
-
agent314
there's offer XMR/BTC with price "0.00222925 (4.40%)" and min-max 0.05-4.99 XMR
-
agent314
in deposit column it has <= 0.7485 (15%)
-
agent314
again what does that mean? :)
-
Cindy
i think you can type whatever in the deposit part, and haveno will automatically convert
-
Cindy
it's been quite a while since i used haveno lol
-
agent314
ok so the exchange rate is in the Price column i belive
-
agent314
believe
-
Cindy
hù
-
Cindy
wtf did i type
-
agent314
-
Cindy
you need more monero for the security deposit
-
Cindy
like 0.10 XMR
-
agent314
so i did acquire some bitcoin last night... i have exactly 0.10 xmr
-
Cindy
also.. 200.00% of the trade amount?
-
Cindy
wtf is this offer?
-
Cindy
the deposit is bigger than the trade amount
-
agent314
well 0.103xxxxblablabla
-
Cindy
ah
-
Cindy
so the trade amount is less than 25 dollars :P
-
agent314
i think i'll make it same
-
agent314
i'll try to get 0.1 xmr and i think that means ill have to deposit 0.1 xmr
-
agent314
another problem is like... who are these people?? on localmonero you could see a person's profile, you could see their reviews, how many trades they did etc
-
Cindy
you'll never know
-
Cindy
that's the thing about haveno
-
Cindy
but haveno has deposits to prevent scams
-
agent314
i mean idk
-
Cindy
you should ONLY release the deposit after you get the money
-
agent314
from my point of view it's just asking me to give it monero lol
-
Cindy
lol
-
agent314
i think this would have the potential to be much bigger if it wasn't so damn confusing
-
Cindy
i mean, the deposit is there just to penalize potential scammers
-
agent314
Cindy: have you like traded on haveno?
-
Cindy
yes
-
agent314
did it work?
-
Cindy
yeah it did
-
agent314
ok that's really making me feel better
-
Cindy
i mean, the person i traded with was really nice
-
Cindy
but if at any time, things go wrong, you can click the "arbitrate" button
-
Cindy
it's like a system where a 3rd party (the arbitrator) examines the whole thing, asks you both some questions, and decides what to do (either send money to the seller or buyer)
-
agent314
wait you can talk to them too? or at least you could at the time?
-
Cindy
yeah you can talk to the buyer/seller
-
agent314
i'm realizing that haveno is actively in development
-
Cindy
via chat
-
Cindy
and even arbitrator when the trade is currently in arbitration
-
agent314
so the version you were using was most likely different than mine
-
Cindy
nah
-
Cindy
not that different from the UI at least
-
Cindy
then again, its a fork of bisq
-
Cindy
both have similar UIs
-
agent314
ok but there is the main software.. haveno and then reto is this particular network i think
-
Cindy
yeah reto is the network
-
agent314
also i have 0.103908037906 xmr... i really hope that after fees and everything it'll be enough to cover deposit
-
Cindy
the deposit is a mix of the buyer and seller's funds
-
Cindy
so it isn't just you.. just in case you're wondering
-
agent314
i'm trying to do this also to see if there's anything i can send a PR on
-
agent314
oh really
-
Cindy
yeah
-
Cindy
it's a security deposit for a reason
-
agent314
so there's an internal xmr wallet in haveno
-
Cindy
both you and the other party send their own part into the deposit
-
agent314
do i move my xmr there beforehand or do i just send it to the wallet they give me when asking for deposit
-
Cindy
nah, the program does it automatically
-
Cindy
it's a 3-to-2 multisig wallet
-
Cindy
(3 parties, 2 signatures required to properly sign a transaction)
-
Cindy
2 signatures of either party*
-
agent314
ok so what i'm wondering is, should i load my wallet with xmr before to clicking on any offers?
-
Cindy
yeah, you should load haveno's wallet with xmr
-
Cindy
so it can handle stuff
-
Cindy
it likes to do things automatically
-
agent314
ok so im sending all my 0.103908037906 of xmr to the haveno wallet
-
agent314
oh boy that's like $26 of monero im nervous lol
-
agent314
i'm not really that nervous. first of all, it looks like i can do trades without deposit i'll just have to get more bitcoin and risk a hundred dollars. second of all, i have some connections left over from localmonero that i can contact and trade a little bit of xmr with personally.
-
Cindy
the only way you'll lose money is if the other guy is a dick
-
Cindy
and the arbitrator is also a dick
-
Cindy
which ideally shouldn't happen
-
Cindy
but xmrbazaar has had some malicious arbitrators
-
agent314
what i might be sending a PR about is the ability to select and copy things... like i had to type all those numbers manually before.
-
agent314
when you're in the table of offers, there's no way you can like just copy stuff from the table to a clipboard. and i know from personal experience working with clipboard in X or Wayland is a bit of a bitch but it's kinda important :)
-
Cindy
i think you can... copy things?
-
agent314
oh so i figured out a workaround kinda
-
agent314
you can click on the (i) button like next to whatever payment method you have and then you get this window that seems like you can copy things there
-
agent314
oh god
-
agent314
-
agent314
so you can copy things... but only those things that have that clipboard icon
-
agent314
anyway im just ranting now :)
-
agent314
it's pretty easy to deal with this issue using like normcap or textsnatcher or something else tesseract-based
-
Soiled
How is everyone
-
Evolver
Soiled: soiling our pants, seeing Unknown pool percentage climb higher from 23 to 24
-
m-relay
<nopeeee:nope.chat> Unknown pool percentage is 19.6% now
-
Evolver
-
m-relay
<nopeeee:nope.chat> That's a snapshot of the last 1000 blocks, which only represents the hash rate from the past 24 hours. Given its limited scope, it's subject to a lot of randomness. If you're looking for a more accurate picture of the current LIVE hash rate, check out the network hashrate header:
-
m-relay
<nopeeee:nope.chat> Network Hashrate
-
m-relay
<nopeeee:nope.chat> 5.60 GH/s
-
m-relay
<nopeeee:nope.chat> (5.04 GH/s)
-
m-relay
<nopeeee:nope.chat> 19.6 % unknown
-
m-relay
<nopeeee:nope.chat> That's a snapshot of the last 1000 blocks, which only represents the block distribution from the past 33 hours. Given its limited scope, it's subject to a lot of randomness. If you're looking for a more accurate picture of the current LIVE hash rate, check out the network hashrate header:
-
m-relay
<nopeeee:nope.chat> Network Hashrate
-
m-relay
<nopeeee:nope.chat> 5.60 GH/s
-
m-relay
<nopeeee:nope.chat> (5.04 GH/s)
-
m-relay
<nopeeee:nope.chat> 19.6 % unknown
-
m-relay
<nopeeee:nope.chat> Before qubic began mining, approximately 2% of the network was comprised of solo miners. to estimate their current hash rate, you can subtract 2% from the total hashrate
-
ruidx
so you are saying qubic is still currently mining?
-
ruidx
without trying to reorg
-
m-relay
<nopeeee:nope.chat> They're currently mining, but don't have enough to perform deep block re-orgs. Qubic has only managed to reach a maximum of around 30% of the network's hash rate and hasn't been able to sustain it for long periods. MineXMR was a pool that maintained an 48% of Monero's total hashrate on a consistent basis back in 2022. This current issue with Qubic is significantly better than Mine<clipped message>
-
m-relay
<nopeeee:nope.chat> XMR's situation, which was much worse. It's fortunate that the MineXMR shutdown occurred when it did
-
agent314
alright
-
Evolver
What led te MineXMR shutting down?
-
ruidx
makes sense, but doesn't it not profitable to rent hashrate or pay miners x2-x3 as they claim they do for mining on their pool?
-
m-relay
<ravfx:xmr.mx> MineXMR where not shitting on other people blocks and closed to apease the network
-
agent314
how is qubic situation?
-
m-relay
<ravfx:xmr.mx> MineXMR where not actually hostile, as far as I know
-
m-relay
<nopeeee:nope.chat> MineXMR shut down voluntarily, as they chose not to pose an existential threat to the network's decentralization
-
agent314
trying first ever trade on havenoreto
-
Evolver
Did Monero not learn to adapt then? Or is there no way to adapt?
-
m-relay
<nopeeee:nope.chat> Compared to MineXMR, Qubic is nothing. It reveals that the system isn't perfect, but a 51% attack via Qubic is still highly unlikely. They might temporarily regain around 30% of the network's hashrate in the short term, but it's unlikely they could sustain such a level for an extended period
-
agent314
blah it glitched out... so apparently it's better to have BCH than BTC on haveno, many more offers with BCH and at reasonable minimums
-
m-relay
<nopeeee:nope.chat> Evolver tevador (a Monero developer) posted a solid proposal in response, but I think it misses the point that PoW/PoS are vulnerable to 51% attacks regardless of which consensus algorithm is used. The fact remains that pools owned by Bitmain can already carry out a 51% attack on Bitcoin, and they could do so again if they chose to. None of the consensus algorithms are perfect, bu<clipped message>
-
m-relay
<nopeeee:nope.chat> t Monero's can be improved
-
agent314
sorry i'll stop interrupting y'all are having much more serious conversation with much higher urgency. good luck i'll keep an eye on this room.
-
m-relay
<fiatmoneysucks:matrix.org> Improve PoW + have a hybrid consensus -> gain(?)
-
Evolver
nopeeee: Can be improved in which ways? Also, how about a hybrid, yes
-
Evolver
Not claiming anything about the effect of a hybrid.
-
m-relay
<nopeeee:nope.chat> Here's Tevador's proposal:
monero-project/research-lab #98
-
m-relay
<nopeeee:nope.chat> It aims to improve decentralization by requiring pools to either send cache to miners (that may be unfeasible, but people are suggesting there might be flaws) or for miners to run their own node, at which point mining on p2pool (a decentralized pool) would become appealing.
-
m-relay
<nopeeee:nope.chat> Hybird PoW + PoS was also suggested with a finaliity layer, but the problem is 1) most of the Monero community don't like PoS and 2) it would likely take at least 2 years to implement.
-
Cindy
actually
-
Cindy
now that i thought about tevador's proposal
-
Cindy
how would remote nodes react to that
-
Cindy
small miners mine stuff from public remote monero nodes (like in gupax by default)
-
Cindy
would the clients have to ask around random stuff in the remote node's blockchain
-
Cindy
and would the remote node handle this well at scale?
-
m-relay
<nopeeee:nope.chat> Small miners can mine on p2pool
-
Cindy
yeah but p2pool also needs a monero node
-
m-relay
<nopeeee:nope.chat> Yeah the downside is it would disproportionately affect small miners, who would need to set up their own node. this would force many small miners to choose between quitting the network or hosting their own node
-
Cindy
and tevador's proposal has the cache be selected from random parts of the blockchain
-
Cindy
which would cause the client to ask a lot of stuff from the node
-
m-relay
<fiatmoneysucks:matrix.org> My answer to the second question: Sometimes is needed a bitter pill. I believe a hybrid consensus system is good if implemented correctly. Ultimately.
-
m-relay
<nopeeee:nope.chat> It would be about 3G of bandwidth per day for the client
-
m-relay
<nopeeee:nope.chat> I like hybrid, but do we really want to wait at least 2 years to implement it?
-
Cindy
public nodes would start ratelimiting blockchain searches
-
Cindy
to mitigate the effects
-
Cindy
and thus, making mining on a remote public node harder
-
Cindy
and well, harder for small miners to participate
-
m-relay
<nopeeee:nope.chat> I think small miners will face significant disincentives as well, but the resulting hash rate decline is likely to be relatively small. Those who genuinely want to contribute to the network can simply run their own node
-
m-relay
<fiatmoneysucks:matrix.org> we can implement the other things first until the finality layer is ready, in 2 years it would be the longer term solution and during those two years we improve PoW.
-
m-relay
<fiatmoneysucks:matrix.org> And after too
-
Cindy
pools will just require people to host their own monero node
-
Cindy
as a work-around
-
Cindy
and p2pool will probably be the same, for the sake of not killing public nodes
-
m-relay
<nopeeee:nope.chat> If you host your own node, why wouldn't you mine on p2pool?
-
m-relay
<usb:envs.net> Yes
-
m-relay
<nopeeee:nope.chat> It makes no sense for someone who hosts their own node to mine on anything other than p2pool which has 0% fees
-
Cindy
pools will not increase fees because they will not be offering RandomX caches
-
Cindy
for the sake of bandwidth
-
m-relay
<nopeeee:nope.chat> Also @xenu, I'd like to correct your take on Monetalk regarding the fee increase proposal. To be honest, I don't think anyone is seriously considering that idea anymore. The main proposals are Tevador's and PoW + PoS, which will soon be formalized in a discussion thread:
monero-project/meta #1254
-
Cindy
big pools may justify the cost a bit
-
Cindy
but the smaller ones will just force people to host thier own monero node
-
Cindy
also there's also the fact that not everyone (who wants to contribute to the network) has the necessary equipment to host a whole monero node
-
baz
Hosting your own node just to mine is a big ask, why wouldn’t the average Joe just mine something else
-
Cindy
for one, even i don't have a SSD
-
Cindy
i can't host one because monerod completely uses up 100% I/O
-
Cindy
so i have to mine off of a public remote node
-
Cindy
if i was forced to host a monero node to mine (even if i didn't have the proper equipment to do so), it would drive me off of mining completel
-
Cindy
baz: exactly
-
m-relay
<nopeeee:nope.chat> It's a trade-off: the average Joe (small miners) will likely leave the Monero mining scene altogether. I believe that the resulting loss of hash rate, although significant, may be worth it in order to further decentralize the network
-
Cindy
depends
-
Cindy
if it's 30%-40% the global hashrate
-
Cindy
it might not actually be worth it
-
m-relay
<nopeeee:nope.chat> Yes, the potential impact on hash rate distribution was a point of discussion
-
Cindy
i'm fine with PoW + PoS
-
Cindy
this should only really be a temporary solution
-
m-relay
<nopeeee:nope.chat> Implementing the hybrid solution hinges on whether or not the 51% threat remains persistent. With a 2 year implementation timeline, it's uncertain how the community will respond to the introduction of PoS. If adopted, I worry that it could lead to a split in the network similar to what happened with Ethereum Classic and ETH
-
Cindy
since it'll massively deincentivise mining for the average joe
-
Evolver
It can remain a last ditch option, implemented but not merged unless the price and hash activity drops really low
-
Evolver
so when you have nothing left to lose
-
Cindy
PoW+PoS or bandwidth
-
Cindy
?
-
Evolver
whichever ones are controversial
-
Cindy
can proof of stake be modified to incentivise p2pool?
-
m-relay
<nopeeee:nope.chat> The hybrid solution isn't perfect and still poses vulnerabilities. CEXs are likely to become dominant validators, which is concerning given their shady nature. The unknown distribution of XMR makes it difficult to predict how the network will actually be structured. If we're drawing parallels with Ethereum's distribution, I think that PoS will be bad for the network
-
Cindy
like you can only stake mined blocks
-
Cindy
mined monero*
-
m-relay
<nopeeee:nope.chat> Yes, PoS can be modified to ensure that each block requires a fixed amount of tokens to be staked
-
Cindy
if you send your mined monero to someone else, it becomes unstakeable
-
m-relay
<nopeeee:nope.chat> Yes, PoS can be modified to ensure that each block = a fixed amount of tokens to be staked
-
Cindy
yeah, i don't know how to design that thouh
-
Cindy
considering monero's privacy details
-
m-relay
<nopeeee:nope.chat> It doesn't necessarily have to be XMR that is staked, although implementing it as the stake token would be the simplest solution
-
Cindy
implementing XMR as the stake token would favor the richest people and CEXs
-
Cindy
we need some sort of token that only applies to mined monero
-
Evolver
Why wouldn't it be XMR that is staked? That's the whole point of the PoS component, is it not...
-
Cindy
so that miners are the ones who are favored, not people with the most money
-
m-relay
<nopeeee:nope.chat> Evolver It doesn't have to be. You can use 1 block = 1 token to stake for example
-
Cindy
can a block be tied to a specific wallet address?
-
m-relay
<fiatmoneysucks:matrix.org> CEXs hate Monero, this is good to a PoS hybrid consensus :)
-
Cindy
like completely unmmovable tokens
-
m-relay
<fiatmoneysucks:matrix.org> We could better demonstrate to the community how implementing a hybrid system in Monero could be beneficial. I've noticed that many who oppose PoS use the same arguments against a hybrid system. We should also make it clear that we will never be 100% PoS (and will always focus on PoW, although PoS integration would be very helpful). It's an idea, but the biggest problem with the h<clipped message>
-
m-relay
<fiatmoneysucks:matrix.org> ybrid system so far is community support. I believe it's necessary to demonstrate to the community how a hybrid system will make us even more decentralized and won't affect PoW.
-
m-relay
<nopeeee:nope.chat> I feel like this could easily be gamed
-
Cindy
i don't like when only the rich people are the only ones who get to benefit from this
-
Cindy
or CEXs with a massive amount of XMR
-
Evolver
Btw, regarding miners, would weighing the RandomX hash more in favor of memory (RAM) help?
-
Cindy
no
-
Cindy
randomX's RAM requirement is already super massive in comparsion to any other mining algo
-
Cindy
nopeeee: can you tell me more about how? :o
-
m-relay
<nopeeee:nope.chat> The common criticism is that adopting a hybrid system using both PoW and PoS might as well make us switch to PoS entirely
-
Evolver
I think having a secondary token would confuse and complicate things too much for a foundational crypto like Monero.
-
Cindy
this is why tokens should be tied to the blocks that a wallet mined
-
m-relay
<fiatmoneysucks:matrix.org> From what I understand, PoW will still have most of the reward, so PoS is another additional layer of protection.
-
m-relay
<neromonero1024:monero.social> by PoS layer, you mean the finality layer?
-
m-relay
<nopeeee:nope.chat> Yes
-
Cindy
Evolver: is it a bad idea?
-
m-relay
<fiatmoneysucks:matrix.org> I believe that no one here wants a 100% PoS system, as this will only bring us disadvantages, a hybrid system solves most of the problems if implemented correctly (we can make the stake completely self-custodial to take away the possible power of CEXs, although Monero does not have large CEXs like in other blockchains like BTC or ETH).
-
m-relay
<nopeeee:nope.chat> This is the proposal:
monero-project/research-lab #135
-
Soiled
I don't know if I like PoS alot, maybe Stellar's PoA?
-
Cindy
but PoS+PoW can make mining outside of pools more profitable
-
m-relay
<neromonero1024:monero.social> finality layer is the only solution that sticks IMO... no other option disables the existence of private chains that can force reorgs / chain forks
-
m-relay
<neromonero1024:monero.social> as for rewards, why not just give finality validators <1 % of the block reward?
-
m-relay
<neromonero1024:monero.social> also, make each validator node be identified by a wallet... they'll have to expose their view keys so that their funds can be marked "burned" if they misbehave
-
Cindy
but yeah
-
Cindy
you have to have a seperate wallet for mining
-
Cindy
just in case you don't accidentally burn your own funds in an accident
-
Evolver
Fwiw, PoS is not without its attacks, e.g.
arxiv.org/abs/2505.07713
-
m-relay
<nopeeee:nope.chat> How would making the stake self-custodial prevent CEXs? Assuming their Monero is held in hot wallets they own, CEXes can still fractionally reserve XMR by staking user deposits
-
Cindy
Evolver: this is something that can be solved with BGPsec
-
Cindy
but like, hijacking IP prefixes sounds easy on paper
-
Cindy
but in reality, it'll probably just DDoS yourself instead
-
Cindy
see: malaysia telecom's "accidental" hijacking of facebook's ASN
-
Cindy
but also the CEX problem can be solved by staking tokens gained by mining, but i don't actually know if that's a good idea
-
m-relay
<nopeeee:nope.chat> An issue with Tevador's proposal I just thought of is that if we assume botnets contribute significantly to Monero's hash rate, then the proposal will likely destroy all botnets. On one hand, this means that botnets are no longer a threat. On the other hand, this could have a negative effect: during the transition, the hash rate may drop so low that the network becomes easily vulnerable
-
Cindy
like in the github issue, "assigning anyone who mines a block 1 stake"
-
m-relay
<fiatmoneysucks:matrix.org> For CEXs to have greater power, they can hold users' funds (not your keys, not your coins). Of course, they can still have liquidity, but I believe this would help a lot, despite being more of a mitigation measure. In any case, the attack would be very costly, having to exploit two consensus mechanisms. If the community notices that one has been compromised, we'll still have the o<clipped message>
-
m-relay
<fiatmoneysucks:matrix.org> ther, which allows us more time to respond to an attack.
-
m-relay
<nopeeee:nope.chat> Cindy, I said it could be gamed because that would mean the PoS distribution would simply reflect the PoW distribution. As a result, centralized pools with high hash rates would end up with the most tokens, and could potentially attack both the PoW and PoS finality layer
-
m-relay
<neromonero1024:monero.social> how would one attack the finality layer other than DDoSing the validator nodes?
-
m-relay
<fiatmoneysucks:matrix.org> A transition to a hybrid system should be made over time (probably a few months). Good side: we won't have any more botnets. Bad side: we won't have any more botnets. lol
-
Cindy
ah
-
Cindy
nopeeee: that makes sense
-
Cindy
yeah it seems like a bad idea
-
m-relay
<nopeeee:nope.chat> If the set of validators is determined by 1 block = 1 token, then pools with the highest hash rate would essentially become the validators. This would lead to centralization, allowing them to '51%' attack both the PoW network and the finality layer
-
Cindy
wait
-
Cindy
i actually thought of a countermeasure
-
Cindy
since all the validators must disclose their view key
-
m-relay
<nopeeee:nope.chat> If the validators are determined by staking one's own XMR, the distribution is likely to be different from 1 block = 1 token. However, this would still pose a problem: the wealthiest individuals and CEXes could potentially become the dominant validators
-
Cindy
and pools must distribute the rewards to its miners
-
m-relay
<fiatmoneysucks:matrix.org> Decred created this:
dcrdata.decred.org/attack-cost This shows how costly a serious attack is. Considering that Monero is much more expensive than Decred, this attack would be almost economic suicide for the attacker. This is just counting the code, as we still have the Monero community on our side against a potential attacker.
-
Cindy
then basically, tie the tokens to monero mined
-
Cindy
if they get sent to someone else, deduct a token
-
Cindy
(the person who gets the monero will not have the token)
-
Cindy
this would punish centralized pools, because they have to send the rewards out somehow
-
Cindy
while letting the honest miners stockpile the tokens and withdraw to their main wallet without issues
-
Cindy
(other than no tokens)
-
m-relay
<neromonero1024:monero.social> why not just make anyone with a minimum of 1 unit of "staked token" (be it XMR, block, or whatever) equally a validator? any additional "staked token" will not grant you bigger weight
-
m-relay
<neromonero1024:monero.social> a side-effect would be too many validators (thus, network latency + congestion)
-
m-relay
<nopeeee:nope.chat> Cindy, I guess that could work. However, I'm still uncertain about how such an implementation would actually be carried out
-
Cindy
so basically 1 block == 1 stake, but sending out monero to some other wallet will deduct <amount> / <block reward> amount of stakes
-
Cindy
nopeeee: well, the wallets are assumed to be completely dedicated to the mining/validation (due to the exposed view key)
-
Cindy
so it would probably involve some complicated network consenus?
-
Cindy
it would be the same as regular PoS but you do not count monero obtained from other means, just mining
-
m-relay
<ofrnxmr:xmr.mx> Proof of pow 🙃
-
m-relay
<ofrnxmr:xmr.mx> similar idea to what i was saying, the pos would be based on coinbases-only
-
Evolver
Other than PoS, would proof-of-burn help?
-
Evolver
Proof-of-burn, even with PoW.
-
Evolver
Maybe it'll also take less than two years to implement.
-
Evolver
> By burning coins, participants earn the right to mine new blocks. The amount of cryptocurrency burned typically influences their chances of being selected for mining.
-
m-relay
<ofrnxmr:xmr.mx> I dont have enough monero for that
-
Evolver
Another good thing about burn is it psychologically relaxes those who fear tail emissions.
-
m-relay
<ofrnxmr:xmr.mx> That probably works best with coins where its easy to obtain 1 trillion safemoon
-
Evolver
it works for ethereum too
-
Evolver
at least the burn, idk about proof
-
m-relay
<ofrnxmr:xmr.mx> eth was premined
-
m-relay
<ofrnxmr:xmr.mx> Abt half of it in circ is still from the premine
-
Evolver
The burn amount obviously is very small, and if it solves a legitimate issue of centralization, it's worth exploring.
-
m-relay
-
taba
51% attack, thoughts
-
taba
-
m-relay
<uju:riot.anarchyplanet.org> "...However, it is not clear if there was a double spend attack or if this was just selfish mining, i.e. trying to earn more of the block rewards. It seems for now that there is no evidence this was a double spend attack."
-
m-relay
-
m-relay
<uju:riot.anarchyplanet.org> Reposted by kayaba
-
m-relay
<uju:riot.anarchyplanet.org> Just the possibility that they could have done double spend attack seems pretty scary.
-
m-relay
<uju:riot.anarchyplanet.org> Even so it's unlikely they did.
-
m-relay
<freedom-quester:matrix.org> Hello, when using monerod over Tor, does it matter if the /etc/torrc file is world readable?
-
m-relay
<ravfx:xmr.mx> They did not did a 10 blocks reorg, so they could not have done a double spend attack.
-
taba
why does it need 10 blocks
-
Evolver
taba: 10 is the Monero standard. I had suggested the same sentiment earlier that anyone who takes incoming transactions (not directly from mining) should await a lot more confirmations for now until this Qubic thing rolls over, maybe as many as 6*5x = 30 confirmations.
-
taba
i've seen wownero markets ask for 8x confimations
-
taba
that's what i expected, yes
-
taba
there are 200 xmppeople here?
-
Evolver
There are a lot more via linked Matrix channels
-
taba
imaginary ones?
-
Evolver
real, like the reply you got before you asked about 10
-
m-relay
<letscage.com:matrix.org> is it possible to detect double spending attack on xmr ?
-
m-relay
<neromonero1024:monero.social> you'll have to keep track of all the orphaned blocks and deduce if there was a possible double spend attack
-
lithiumpt
orphaned txs go back to the mempool ?
-
m-relay
<rbrunner7:monero.social> Yes
-
m-relay
<syntheticbird:monero.social> Isn't this like detected by monerod automatically?
-
taba
does a bigger block reorg need more resources
-
taba
does a bigger number of block reorg need more resources
-
m-relay
<usb:envs.net> lol someone named gupax
-
m-relay
<neromonero1024:monero.social> yep... monerod keeps track of orphaned blocks and alternative chains
-
mine
hello
-
mine
any suggestion about helping mining and confronting qubic?
-
m-relay
<eddie:oblak.be> What's your experience?
-
m-relay
<eddie:oblak.be> Gupax seems to be the easiest way to get started
-
Cindy
how much RAM do you have
-
Cindy
and what's your CPU
-
mine
Cindy are you asking me
-
Cindy
yes
-
mine
4 e7-8880 with 440 gb ram
-
mine
moneromooo come and tell us what to do
-
mine
hyc ?
-
mine
articmine?
-
Cindy
that's actually good specs
-
m-relay
<eddie:oblak.be> that are awesome specs :D
-
m-relay
<eddie:oblak.be> Too bad it's CPU and not RAM mining 😂
-
Cindy
you can either go with gupax (which is user friendly)
-
Cindy
or setup xmrig and p2pool manually
-
Cindy
also you don't have to ask the monero core devs for this lol
-
mine
i mean more generally what to do
-
mine
my 4 e7 wont change anything
-
Cindy
uhh.. it will?
-
m-relay
<eddie:oblak.be> afaik you can do 120kh/s + n so that's already something 😉
-
Cindy
setup xmrig and p2pool or use gupax
-
Cindy
440 GB of RAM is waay more than enough for RandomX on 18 cores :P
-
mine
one e7-8880 v4 has 22 cores so 22 x4
-
Cindy
RandomX takes up 2 GB of RAM per thread i think
-
Cindy
88 cores * 2 GB = 176 GB of RAM
-
nioc
2MB L3 cache
-
nioc
Per thread
-
Cindy
don't worry, 45MB :P
-
Cindy
or at least, i found on the internet
-
Cindy
any chance that's true?
-
mine
can anyone tell us what will gone happen with qubic?
-
m-relay
<17lifers:matrix.org> 2gb of ram per thread?
-
m-relay
<17lifers:matrix.org> wtf is that calculation
-
m-relay
<17lifers:matrix.org> 2.6gb for every cpu (in dualsocket +setups)
-
m-relay
<17lifers:matrix.org> 2.6gb for every cpu (in dualsocket+ setups). thats all thats allocated in memory.
-
m-relay
<17lifers:matrix.org> hugepages and 1gb pages will increase that to like 4gb
-
mine
the qubic money volume is going up and this is not good
-
mine
any link that explain in depth how this works and what they want to achieve?
-
m-relay
<17lifers:matrix.org> own the entire world and sleep on stacks of cash
-
taba
i think they mine monero to fund their project or smth
-
taba
probably vc money to mine monero to fund their *coin
-
mine
how much they need to have that 51
-
mine
%
-
mine
how much money
-
taba
2 dollas
-
taba
4 quid
-
mine
2 billions?
-
taba
2 squillion wownero
-
mine
i dont know you but i'm asking seriusly not joking
-
m-relay
<17lifers:matrix.org> nine hundred billion dollar
-
mine
so they cant
-
nioc
We don't have enough info to calculate
-
rbrunner
There are 432 XMR to mine everyday, plus fees, but those are typically small compared with the tail emission of 0.6 XMR per block
-
m-relay
<17lifers:matrix.org> the cats don't have any secrets to hide
-
rbrunner
Those 432 XMR currently have a fiat value of about USD 100'000
-
rbrunner
That's the so-called "security budget" of Monero
-
Cindy
can't wait for PoW+PoS
-
rbrunner
If I somehow manage to set up an arrangement where people mining for me will receive not 0.6 XMR, but considerably more, I can "bribe" a number of them to mine under my control
-
rbrunner
E.g. throwing in an additional USD 100'000 per day
-
rbrunner
In whatever form
-
rbrunner
Qubic does it in the form of emitted Qubic coins
-
nioc
Thx rbrunner
-
rbrunner
Which, unfortunately, people consider valuable, at least until now
-
Cindy
only moonboys consider it valuable
-
lithiumpt
how many qubic coins are they giving away everyday ?
-
lithiumpt
just to ballpark the "loss" value on their side
-
rbrunner
The weekly emission is 1 billion coins
-
Cindy
i can assume CFB can spawn them out of thin air considering how centralized the currency is
-
rbrunner
That's around USD 200'000 per week, at current coin price
-
m-relay
<17lifers:matrix.org> sudo print token --amount 50000
-
rbrunner
Well, spawning 0.6 XMR per block is exactly the same, philosophically
-
lithiumpt
is qubic PoW or PoS ?
-
rbrunner
Neither :)
-
Cindy
but qubic relies on some arbitrary monero wallet
-
Cindy
that is not disclosed
-
rbrunner
They call it "proof of useful work"
-
m-relay
<17lifers:matrix.org> proof of useless work
-
rbrunner
You optimize their AI with your CPU, you get Qubic
-
mine
how much they throw everyday."their real loss"
-
rbrunner
That's hard to say, everything is pretty shady
-
Cindy
rbrunner: is that why you need 2 TB of RAM to host a qubic node?
-
rbrunner
I mean, their financials
-
rbrunner
No, Cubic nodes have nothing to do with mining
-
Cindy
i know
-
Cindy
but that RAM requirement is absolutely insane
-
rbrunner
A node needs 2 TB of RAM because they basically hold the "blockchain" in RAM and only save it periodically to an SSD
-
Cindy
also you have to run the program entirely in UEFI
-
Cindy
so you can't run anything else on the same server
-
rbrunner
No. That's one of the funniest aspects of Qubic, if you ask me: They really must be the fastest cryptocurrency on Earth
-
mine
"A node needs 2 TB of RAM because they basically hold the "blockchain" in RAM and only save it periodically to an SSD" ????
-
mine
what???
-
rbrunner
Yes, really
-
lithiumpt
yolo blockchain
-
Cindy
if you ask me, they're the fastest because the only node is CFB's node
-
taba
> can't wait for PoW+PoS
-
taba
proof of sex
-
mine
monero blockchain?
-
rbrunner
They had their speed tested, here is the report, and note how it's not on *their* server, it's on the server of that respected testing company:
certik.com/assets/qubic-performance-analysis-report.pdf
-
lithiumpt
so the question is, how is their coin not dumping with so much minting ?
-
rbrunner
Well, periodically may be "every 10 minutes", not sure, and if all the nodes don't do it at the same time, that may well work
-
rbrunner
Enough people speculating? And almost everybody crazy right now about AI? They claim they build the world's first AGI, a "truly" intelligent program
-
Cindy
also btw, how does qubic's UPoW work with AI training lol
-
Cindy
are the miners just gonna scrape the whole internet for data
-
rbrunner
I suspect that whole "proof of useful work" does not hold up, because I suspect you can't prove that you really optimized with all your CPU cycles honestly
-
rbrunner
But I am far away from being able to prove anything
-
Cindy
isn't CPU gonna be a lot slower for.. training a model?
-
rbrunner
Don't ask me, they don't really tell what exactly they do
-
rbrunner
It's not an LLM, that much is sure
-
rbrunner
Because LLMs will never achieve AGI
-
mine
where is this "A node needs 2 TB of RAM because they basically hold the "blockchain" in RAM and only save it periodically to an SSD"
-
rbrunner
(IMHO of course)
-
Cindy
mine: their requirements
-
Cindy
-
Cindy
"You will need the current spectrum, universe, and contract files to be able to start Qubic. The latest files can be found in our #computor-operator channel on the Qubic Discord server:
discord.gg/qubic (inquire there for the files)."
-
Evolver
-
rbrunner
-
Cindy
oh wow, i LOVE having the files i need gatekept behind discord
-
rbrunner
It's not permissionless, not at all
-
rbrunner
Running a node is an honor that you have to gain and work for
-
Cindy
so you have to asskiss CFB until he gives you the files?
-
rbrunner
You said that, not me :)
-
Cindy
lol
-
Cindy
what decentralization :P
-
rbrunner
They don't claim decentralization, for what it's worth
-
rbrunner
Only enough nodes that consensus can be reached reliably, and colluding enough nodes is improbable
-
Cindy
i do remember a tweet from CFB stating they'll continue the 51% attack because of the community
-
rbrunner
Which community?
-
Cindy
and this proves that "qubic is decentralized"
-
Cindy
qubic community
-
rbrunner
Yeah, they do hold votings
-
rbrunner
At least it looks like it from the outside
-
Cindy
"Only enough nodes that consensus can be reached reliably, and colluding enough nodes is improbable" but if you have to get the files from their discord (and probably seek their approval), wouldn't it heavily increase the odds of collusion?
-
rbrunner
Evolver: Yes, it's a concept, but I am not sure you can prove for *this* particular work that you did it, and that it was useful
-
Cindy
by the creator or.. whoever else higher-up in the team who has the files for the current epoch
-
rbrunner
Yes, I don't think it's public info who operates the nodes. They could all be close friends of CFB, for example.
-
Cindy
yes, it could be a nepo cesspool
-
rbrunner
But well, does it really matter? I mean, if you are not permissionless, does it really matter how strongly permissioned you are?
-
rbrunner
They got a working cryptocurrency, that's it
-
rbrunner
And it's fast. Really, truly fast.
-
rbrunner
Not that this is needed ...
-
rbrunner
I really recommend to read their somewhat dated, but still basically correct "interim whitepaper"
-
rbrunner
-
rbrunner
There you find this gem: "The reason for the weekly epoch change is that not only does Qubic run without an OS on baremetal servers, it runs entirely out of RAM. I repeat, Qubic runs entirely out of RAM ...
-
Cindy
truly revolutionary
-
rbrunner
At least it's something different for a change.
-
lithiumpt
so it's a livecd ? with a ramdisk ?
-
lithiumpt
:)
-
Cindy
it's a UEFI application that needs 2 TB of RAM :P
-
btcdwed
can it run crysis?
-
rbrunner
Can it run Doom?
-
Cindy
UEFI can run super mario bros
-
Cindy
if you're into that
-
btcdwed
inside the browser?:D
-
Cindy
-
Cindy
isn't this amazing? you can play NES games in 10 FPS
-
Cindy
and still it would be more worth-while than running a Qubic node
-
m-relay
<eddie:oblak.be> where is the time a bunch of teens point a low orbit cannon at an asshole and take his website offline 😅
-
m-relay
<eddie:oblak.be> pew pew
-
Cindy
wow, low orbit cannon.. something i haven't heard of for a long time
-
Snipa
Get a little slowlioris in and we can ddos like it's the 00's all over again.
-
Evolver
This pool attack is just a launching pad for the next several attacks. The way to fix it is with math, with updates to the blockchain.
-
Cindy
updates to the blockchain?
-
Evolver
to the blockchain software
-
Cindy
we'd need a hard fork
-
Evolver
yes
-
Cindy
for me, i prefer PoW+PoS
-
Cindy
or finality layer
-
Cindy
i know i flip-flop a lot between options
-
Evolver
I don't prefer anything, but I consider PoW+PoB (proof of burn), also secondarily to deflate Monero while simultaneously preserving the reward.
-
Evolver
Why do some people not like the finality layer?
-
taba
proof of swag when
-
Cindy
what's proof of burn
-
Cindy
" Why do some people not like the finality layer?" because they probably think the wealthiest will be in control
-
Evolver
Doesn't make sense
-
Cindy
even though i hope that the monero dev team doesn't make it like that
-
Cindy
and make it so that the independent miners are the ones in control (with the stuff i've and ofrnxmr been talking about)
-
Evolver
I don't see what it has to do with how many tokens one has
-
Cindy
the ones with the most stakes*
-
nioc
Cubic blockchain is in ram hmmm, monero used to run that way in the beginning
-
Evolver
PoB component will burn some Monero at every transaction, and the burn tickets are given to the miners to mine more easily, or to otherwise raise the bar for mining.
-
Cindy
PoB will probably deincentivise mining
-
Evolver
it will redistribute it to those who actually use Monero
-
Evolver
unless they have big rigs
-
nioc
I used it 3x yesterday, how much do I get?
-
taba
> does a bigger number of block reorg need more resources
-
taba
did anyone answer this
-
Cindy
Evolver: what if someone has no XMR to burn
-
Cindy
do you just orphan their block?
-
Evolver
If they're spending, their transaction is not validated. If they're mining, their mining difficulty is harder.
-
Cindy
so you're just treating poor people much harshly?
-
Cindy
i mean
-
Cindy
i didn't have XMR in my wallet when i first started
-
Cindy
i don't think i would like if i "owed" the network some XMRs because i didn't have some to burn
-
Evolver
If it helps, burn fee *rate* could probably be made proportional to the transaction amount. Just a thought.
-
Evolver
just slightly
-
Cindy
i still like PoS because you can slash bad validator's XMR and stakes
-
Cindy
on top of PoW
-
Evolver
We know pure PoS works, but if hybrid PoW+PoS is used, how can the ratio of weight assigned to PoS be scaled up if the network is under threat, and scaled down thereafter? Can the network even know when it is under threat?
-
Cindy
it should be tweaked though so that it doesn't depend on how much XMR a person has, but how much MINED XMR that a person has
-
m-relay
<eddie:oblak.be> How is PoS not going to benefit the richest parties?
-
Cindy
aka. the XMR that that person obtained via mining
-
Cindy
and if they send over some of that mined XMR to someone else, they lose some of their stake
-
Cindy
and that sent XMR becomes unstakable because it's XMR not obtained via mining (to that other person)
-
Cindy
eddie: exactly what i've been saying?
-
m-relay
<eddie:oblak.be> I don't remember
-
m-relay
<eddie:oblak.be> Or don't understand
-
Cindy
1 block = 1 stake, but if the mined XMR is sent to someone else, they lose that stak
-
Cindy
stake*
-
Cindy
this means that you can't just be rich to get all the stakes
-
Cindy
and also that if you want to hold onto your stakes, don't send your mined XMR to someone else
-
m-relay
<eddie:oblak.be> So it would cost 0.6 XMR to become a validator? or
-
m-relay
<eddie:oblak.be> So PoW+PoS would mean you would *have* to mine in order to be able to stake?
-
Cindy
it would depend on the amount of blocks that a person mined, not the amount of money they have
-
Cindy
yes
-
m-relay
<eddie:oblak.be> ok, that sounds reasonable
-
Cindy
and, if you distributed your rewards to some other wallet, you lose some of your stake
-
Cindy
which will punish centralized pools
-
m-relay
<ofrnxmr:xmr.mx> Proof of pow, yeah
-
Cindy
because they have to give payouts, right?
-
m-relay
<eddie:oblak.be> I would just not like a situation like with eth you need 30k to become part of the club
-
Evolver
I hope I wasn't the only one who bought the dip yesterday.
-
m-relay
<ofrnxmr:xmr.mx> Not necessarily 0.6. P2pool pays coinbases in smaller chunks. It would only cost a coinbase output
-
Cindy
a centralized pool willing to do 51% attack in this case would have to put gigantic fees
-
Cindy
to hold onto their stakes
-
m-relay
<ofrnxmr:xmr.mx> 120k*
-
Cindy
and become massively unprofitable for the miners mining for it
-
m-relay
<ofrnxmr:xmr.mx> 32 eth * 4500usd = 144k**
-
Cindy
even then, it probably wouldn't increase their chances of 51% attacks on the PoS layer
-
Cindy
unless they go all-in and refuse to pay out their miners
-
m-relay
<eddie:oblak.be> o yeah last time I checked eth was worth 1000 usd :p
-
Cindy
ofrnxmr: yeah tying it to p2pool's coinbase is a good idea
-
Cindy
lets everyone, even small miners have a stake in the PoS layer
-
m-relay
<eddie:oblak.be> I like the idea that you would have to mine your stake
-
Cindy
yeah, it shouldn't be any other way
-
m-relay
<elongated:matrix.org> Until someone does 51% and keeps mining all blocks
-
Cindy
you'd need a lot of computers
-
Cindy
you can't setup a mining pool because then those miners need their own full payouts (which will harm your stakes)
-
m-relay
<17lifers:matrix.org> dont worry, north korea got infinite pwned computers
-
Cindy
unless you increase the fees on them to astronomical amounts or just flat-out refuse to pay out miners
-
Cindy
but then they'll get angry and refuse to mine anymore
-
Cindy
independent miners will have a lot more stakes than centralized pools in this case
-
Cindy
which is good :P
-
nioc
<Cindy> ofrnxmr: yeah tying it to p2pool's coinbase is a good idea
-
nioc
lets everyone, even small miners have a stake in the PoS layer <<>> just don't consolidate your hundreds of outputs :D
-
nioc
or thousands
-
nioc
and the ideas about raising fees will hurt p2pool
-
m-relay
<elongated:matrix.org> Cubic pays in shitcoins
-
Cindy_
nioc: i mean heh, have fun trying to consolidate every wallet with 1 stake
-
Cindy_
i wonder how that'd work though
-
m-relay
<testtank:matrix.org>
xcancel.com/theragetech/status/1955690772277137526?s=46 cakewallet will have to add kyc (?)
-
m-relay
<elongated:matrix.org> Did they remove non-custodial wallets from play store ?
-
m-relay
<17lifers:matrix.org> why would anyone not use fdroid and a custom rom!?!?!
-
m-relay
<17lifers:matrix.org> thats how everyone should use android
-
Cindy_
this is all because of the EU lol
-
m-relay
<17lifers:matrix.org> and just use an older cakewallet version
-
m-relay
<17lifers:matrix.org> fuck can they do? disallow access to the app?
-
Cindy_
delist it off of the play store
-
m-relay
<17lifers:matrix.org> select nodes.hashvault.pro:18081 and ur good
-
m-relay
<17lifers:matrix.org> the monero protocol wont change much
-
Cindy_
which means no updates
-
Cindy_
unless you move to fdroid
-
m-relay
<eddie:oblak.be> Then they should just fuck the play store
-
m-relay
<elongated:matrix.org> Just dl apk from GitHub
-
m-relay
<17lifers:matrix.org> even mymonero (unmaintained) still works
-
m-relay
<17lifers:matrix.org> as emergency option
-
m-relay
<17lifers:matrix.org> :3
-
Cindy_
this is no big deal
-
m-relay
<eddie:oblak.be> Maybe they can list on huawei store 😂
-
Cindy_
if you have cakewallet installed from play store, it'll just stop being updated
-
Cindy_
eddie: winnie the pooh would crack down on that like his buildings crack down lol
-
m-relay
<17lifers:matrix.org> ...
-
m-relay
<17lifers:matrix.org> chinese ppl dont do anything abt it lmao
-
m-relay
<17lifers:matrix.org> xmr-tw pool exists
-
m-relay
<eddie:oblak.be> I can't imagine why anyone would even download cake "because monero is private" and then actually do the kyc
-
m-relay
<17lifers:matrix.org> because theyre told to do so
-
m-relay
<17lifers:matrix.org> :3
-
Cindy_
17lifers: because xmr-tw is in... taiwan
-
Cindy_
not in china
-
Cindy_
unless you drink winnie's kool-aid i guess
-
m-relay
<17lifers:matrix.org> there are chinese people using it obviously
-
m-relay
<17lifers:matrix.org> theres a mining guide on bilibili
bilibili.tv/video/4786593176226816
-
m-relay
<eddie:oblak.be> I don't think we have much to say about china given it's the US enforcing kyc everywhere atm
-
Cindy_
it's US and EU
-
Cindy_
in fact, it started with the EU
-
m-relay
<17lifers:matrix.org> where we should flee to escape the eu
-
m-relay
<17lifers:matrix.org> :3
-
m-relay
<eddie:oblak.be> are they those ppl with their univeral human rights declaration?
-
Cindy_
the EU wanted to fully ban monero by 2027
-
Cindy_
and other privacy coins too
-
m-relay
<eddie:oblak.be> this is what you get when you vote for boomers 🤷♂️
-
m-relay
<eddie:oblak.be> cindy, yes, it is going to happen
-
m-relay
<17lifers:matrix.org> pfft
-
m-relay
<17lifers:matrix.org> illegal for financial institutions (exchanges) to deal with monero
-
m-relay
<17lifers:matrix.org> ok?
-
m-relay
<eddie:oblak.be> indeed
-
m-relay
<eddie:oblak.be> not for individuals
-
m-relay
<17lifers:matrix.org> we already got that
-
m-relay
<17lifers:matrix.org> so no problem
-
Cindy_
and illegal for any legal company to deal with monero
-
m-relay
<17lifers:matrix.org> we'll survive this
-
m-relay
<eddie:oblak.be> indeed , not much will changes, xmr is delisted almost everywhere
-
Cindy_
if it's just financial institutions
-
Cindy_
then why did google play store force these requirements
-
Cindy_
it's not just financial institutions
-
Cindy_
it's ALL the companies
-
m-relay
<17lifers:matrix.org> everyone
-
m-relay
<17lifers:matrix.org> mine as much xmr possible before 2027
-
m-relay
<17lifers:matrix.org> 2027/01/01 we're DEAD
-
Cindy_
they don't just go for financial insitutions, they are going for everyone
-
m-relay
<eddie:oblak.be> I said it before, we need to get lobbyist on our side
-
m-relay
<17lifers:matrix.org> lobbyists too old to get into crypto
-
m-relay
<eddie:oblak.be> laws change all the time
-
m-relay
<17lifers:matrix.org> :3
-
m-relay
<eddie:oblak.be> gen-z lobbyists
-
m-relay
<eddie:oblak.be> :D
-
Cindy_
-
Cindy_
"the UN claims that "illegal crypto mining operations provide organized crime groups with a powerful tool for generating and laundering illicit funds while minimizing detection risks.""
-
m-relay
<17lifers:matrix.org> yes
-
m-relay
<17lifers:matrix.org> gain money
-
m-relay
<17lifers:matrix.org> use money
-
m-relay
<17lifers:matrix.org> mine money
-
Cindy_
is there somebody you forgot to ask?
-
Cindy_
some people in libya: i consent to using my hardware to mine
-
Cindy_
the government: i have better shit to deal with
-
Cindy_
UN: THIS IS ILLEGAL YOU KNOW
-
m-relay
<eddie:oblak.be> Actual mining (cobalt, diamonds, ...) is waaay more shady
-
m-relay
<eddie:oblak.be> and it's used everywhere
-
m-relay
<17lifers:matrix.org> oh no think about the precious materials
-
m-relay
<17lifers:matrix.org> theyre very... err... precious
-
m-relay
<17lifers:matrix.org> xd
-
m-relay
<eddie:oblak.be> I mean, the UN couldn't operate either without tolerating all the evil shit that has to happen to produce goods
-
m-relay
<eddie:oblak.be> so what are they bitching about
-
m-relay
<17lifers:matrix.org> they ran out of other stuff to bitch abt
-
Cindy_
the fact that people in 3rd world countries are getting money?
-
Cindy_
no no, you see
-
Cindy_
this is illegal because WE (1st world countries) are the only ones who get to give THEM money
-
m-relay
<17lifers:matrix.org> cryptomining is income 👍️
-
Cindy_
in exchange for their materials
-
m-relay
<eddie:oblak.be> "in exchange"
-
m-relay
<eddie:oblak.be> we just take their shit and give 'm drops of aid in return
-
m-relay
<eddie:oblak.be> then we say "no say thank you please"
-
m-relay
<eddie:oblak.be> s/no/now/
-
Cindy_
if they actually get money from cryptomining
-
Cindy_
the UN will come down and start cutting up their wires
-
Cindy_
for "human rights" or whatever
-
m-relay
<eddie:oblak.be> EU is very eager to shake hands with warlords and dictators to keep poor people out ..
-
m-relay
<17lifers:matrix.org> monero makes ppl rich
-
m-relay
<17lifers:matrix.org> if it werent for xmr id be broke
-
m-relay
<17lifers:matrix.org> lel
-
m-relay
<eddie:oblak.be> I have been thinking about this EU situation, it will probably further deteriorate in terms of silly regulations, but there are still a bunch of European countries that aren't EU members. Those countries might still stay safe havens for a little longer, depending on the pressure the EU will put on them to align...
-
m-relay
<eddie:oblak.be> But in theory those countries can do whatever they want.
-
m-relay
<eddie:oblak.be> The problem with KYC stuff is that it will be normalized and kids growing up don't realize that these practices are not ok
-
m-relay
<17lifers:matrix.org> well
-
m-relay
<17lifers:matrix.org> be part of the 0.001% smartest
-
m-relay
<eddie:oblak.be> They are also pushing chat control again, which will be basically enforced spyware on your phone
-
m-relay
<17lifers:matrix.org> what are they gonna do with my custom rom phone? install spyware? i dont have google play services
-
m-relay
<eddie:oblak.be> App developers are going to be forced to build it in their apps
-
m-relay
<eddie:oblak.be> so if you don't use these apps, you're fine
-
m-relay
<17lifers:matrix.org> im not a whatsapp user lmao
-
m-relay
<17lifers:matrix.org> simplex, matrix 4 lyfe
-
m-relay
<eddie:oblak.be> It's going to be interesting to see how it will work with open source software, that you can use compile yourself with flag --no-spyware
-
m-relay
<17lifers:matrix.org> it's going to be interesting to see how it will work with open source software.
-
m-relay
<17lifers:matrix.org> thats more important.
-
m-relay
<17lifers:matrix.org> what will happen to maintainers who dont impl it.
-
m-relay
<17lifers:matrix.org> will they get shot?
-
m-relay
<eddie:oblak.be> maybe open source software becomes illegal
-
m-relay
<eddie:oblak.be> gives people to much freedom
-
m-relay
<17lifers:matrix.org> the shadowsocks story strikes
-
m-relay
<17lifers:matrix.org> chinese dev. guy was approached by police to stop development, but people fork it to continue development
-
m-relay
<eddie:oblak.be> yeah, and tornadocash.. you can ban a UI but not a smart contract 😂
-
m-relay
<eddie:oblak.be> you can however ban public keys, ...
-
m-relay
<17lifers:matrix.org> ipfs is decentralized :3
-
Evolver
-
m-relay
<sbt:nope.chat> Nothing concrete will happen. EU is run by bunch of clueless boomers. They don't know jack shit.
-
Cindy
they don't know jack shit
-
Cindy
but they like to write up a bunch of dumb shit
-
Cindy
which will bite us in the ass
-
m-relay
<sbt:nope.chat> Sadly storm got fucked by DOJ. Mfs making an example out of him. This is the reason I run Tor relays anonymously.
-
Cindy
who's storm
-
m-relay
<sbt:nope.chat> Nah, we're good.
-
m-relay
<sbt:nope.chat> Developer of tornado cash.
-
Cindy
fine
-
Cindy
oh i see
-
Cindy
i don't know what that "nah, we're good" was
-
m-relay
<sbt:nope.chat> Don't forget, they need anonymous overlay networks to carry out there shaddy work. If no one's using it, they stand out.
-
m-relay
<sbt:nope.chat> It won't bite us in any way.
-
Cindy
lol
-
Cindy
they made an exception for politicians
-
Cindy
"It won't bite us in any way." keep saying that 'til 2027 hits
-
m-relay
<sbt:nope.chat> Why do you care about a useless draft? It's nothingburger. Focus on important things.
-
Cindy
i'm talking about something they're currently doing?
-
Cindy
which is like, planning to fully ban monero by 2027
-
Cindy
which they started doing by pushing CEXs to delist it (successfully), and now they're pushing app stores to delist wallets unless they're owned by some approved crypto company
-
Cindy
they are trying to keep a tight control over as much of the cryptocurrency community as they can, and the ones that they can't control, they'll ban them away
-
m-relay
<sbt:nope.chat> It's impossible to ban. How do you even do it?
-
Cindy
exactly by making it as hard as possible for people to use it
-
Cindy
and by standing over and pressuring companies who even dare try to appeal to it
-
m-relay
<sbt:nope.chat> DEX are gaining traction and by your dystopic year, it would be way more mature.
-
Cindy
well i hope people in the EU got that lol :P
-
Cindy
they could probably try to honeypot DEXs
-
Cindy
like make fake offers or take existing ones, just to catch people behind them
-
Cindy
if they ever get that popular anyway
-
m-relay
<sbt:nope.chat> There's no one behind it. It's just code. Don't use github and you're fine.
-
Cindy
i meant people behind the offers
-
m-relay
<eddie:oblak.be> that's like "controlled buying" or whatever these fbi junkies do? :D
-
Evolver
If you don't use GitHub, no one will use you.
-
m-relay
<eddie:oblak.be> that said, monero source code still on github, bothe monerod and cuprated
-
m-relay
<ofrnxmr:monero.social> Its also on ofrnhub
-
m-relay
<ofrnxmr:monero.social> And ****hub
-
m-relay
<duggavo:matrix.org> that said, it's easy to set up a monero source code mirror on self-hosted Forgejo, Gitea or Gitlab (and there already are such mirrors)
-
m-relay
<eddie:oblak.be> is it mirrorer?
-
m-relay
<eddie:oblak.be> is it mirrored?
-
m-relay
<ofrnxmr:monero.social> It is, a few places. I cant recall off hans
-
m-relay
<eddie:oblak.be> of course but maybe the github version should be read only
-
m-relay
<ofrnxmr:monero.social> wrong
-
m-relay
<eddie:oblak.be> why?
-
m-relay
<eddie:oblak.be> so other mirrors are the backup?
-
m-relay
<ofrnxmr:monero.social> We use the runnners (eapecially for pull requests), issue trackers, spam mitigation, and other features. And m$ pays for it
-
m-relay
<ofrnxmr:monero.social> Yep. We'll switch is m$ rugs us
-
m-relay
<eddie:oblak.be> you could let gitlab pay for it too, but I get the point
-
m-relay
<ofrnxmr:monero.social> we host a gitlan enterprise
-
m-relay
<ofrnxmr:monero.social> repo.getmonero.org
-
m-relay
<ofrnxmr:monero.social> Has thousands of spam accounts
-
m-relay
<ofrnxmr:monero.social> Problem with public git instances? People using them for storage.
-
m-relay
<eddie:oblak.be> does gitlab sponsor it?
-
m-relay
<eddie:oblak.be> or is it paid by community?
-
m-relay
<eddie:oblak.be> just curious
-
m-relay
<ofrnxmr:monero.social> And i doubt gitlab or codeberg is paying for our thousands of hours of runners
-
m-relay
<ofrnxmr:monero.social> By generalfund, iirc
-
m-relay
<eddie:oblak.be> totally not, I was going along with that other person bitching about github
-
m-relay
<ofrnxmr:monero.social> ? A lot of public git instances are plagues with CP
-
m-relay
<eddie:oblak.be> I wasn't aware
-
m-relay
<eddie:oblak.be> I host a privatee one
-
m-relay
<ofrnxmr:monero.social> Even proprietary software, just uploading to thebrelease page of empty repos
-
m-relay
<ofrnxmr:monero.social> Someone here was hosting one, and had to regularly look into private repos to ban users with CP
-
m-relay
<eddie:oblak.be> Jeez
-
m-relay
<eddie:oblak.be> Has main gitlab instance ( dot com) same issue, or is it mostly public self-hosted ones
-
m-relay
<eddie:oblak.be> anyway doesn't matter that much..
-
m-relay
<ofrnxmr:monero.social> codebergnand gitlab, i dont think their runners are as extensive as githubs
-
m-relay
<ofrnxmr:monero.social> we run full builds >1hr long tests on every push on a pr, or merge
-
m-relay
<eddie:oblak.be> the free version of gitlab gives you 400 minutes for free / month
-
m-relay
<eddie:oblak.be> which I can imagine is not enough
-
m-relay
<ofrnxmr:monero.social> thats on proprietary or private repos
-
m-relay
<ofrnxmr:monero.social> oh gitlab*, mybad
-
m-relay
<ofrnxmr:monero.social> Yeah, not enough for monero
-
m-relay
<eddie:oblak.be> then the github strategy is perfectly understandable
-
m-relay
<ofrnxmr:monero.social> Self-hosted is also very expensive, and requires upkeep, especially if we hosr our own runners + storage
-
m-relay
<eddie:oblak.be> of course, I understand
-
m-relay
<ofrnxmr:monero.social> The stupid part, is that github likes to shadowban people who sign up over tor
-
m-relay
<eddie:oblak.be> is it even practical over tor, with all there js
-
m-relay
<eddie:oblak.be> is it even practical over tor, with all their js
-
m-relay
<syntheticbird:monero.social> yes
-
m-relay
<syntheticbird:monero.social> It is decently fast
-
m-relay
<eddie:oblak.be> I know with tor browser using JS is relatively safe, but it still gives me the creeps 😂
-
m-relay
<syntheticbird:monero.social> nah
-
m-relay
<syntheticbird:monero.social> its not more safe than firefox
-
m-relay
<eddie:oblak.be> then it gives me even more creeps 😱
-
m-relay
<ofrnxmr:xmr.mx> Github should allow me to pay 0.01xmr to sign up over tor
-
m-relay
<321bob321:monero.social> Crim
-
m-relay
<321bob321:monero.social> Or using email alias and then proceed to argue its not a real email when your clearing resppnding back
-
m-relay
<321bob321:monero.social> Responding*
-
shwouchk
Hi! How does one get on the matrix server? or is it just through federation?
-
m-relay
<ofrnxmr:monero.social> On which server?
-
shwouchk
the one youre on
-
m-relay
<ofrnxmr:monero.social> Monero.social? Signup is closed. On xmr.mx? Maybe can get an account if you donate
-
shwouchk
ic
-
m-relay
<ofrnxmr:monero.social> monero.social has been closed for a while, due to heavy spam accts
-
shwouchk
Thanks for the heads up
-
m-relay
<usb:envs.net> im pretty new to matrix, what happened to the hackliberty rooms??
-
m-relay
<ofrnxmr:monero.social> Closed and moved to simplex
-
m-relay
<usb:envs.net> why did they close
-
m-relay
<ofrnxmr:monero.social> Matrix lack of real privacy
-
Cindy
they got unabled to decrypted out of the matrix
-
m-relay
<usb:envs.net> lol
-
Cindy
they may leave the matrix
-
Cindy
but the matrix will never forget them
-
Cindy
that's why 100000 of homeservers will now be DDoSing them
-
m-relay
<eddie:oblak.be> shwouchk, if you send me an email I can give you a matrix account if you promise to behave
-
shwouchk
eddie: <3 1sec
-
shwouchk
Any idea how I send a dm via the relay?
-
nioc
you can't
-
nioc
maybe soon we get a good relay
-
Cindy
even then
-
Cindy
you wouldn't be able to send DMs via the relay
-
m-relay
<eddie:oblak.be> shwouck, just go to my website oblak.be you can find an email address there, and you can use pgp if you want
-
nioc
we used to be able to
-
nioc
I believe the new relay will allow dms
-
nioc
I wanna believe :D
-
nioc
time for scrollbacl 0_o
-
shwouchk
eddie: the bottom email?
-
m-relay
<eddie:oblak.be> yep
-
m-relay
<atori_0xbdc3ab4e:matrix.org> I need your help monero family. Recent attack freaked my the fuck out. I have to force myself not to sell and go all in on bitcoin. Help me keep strong ✊
-
m-relay
<ofrnxmr:xmr.mx> Bitcoin had a 31block reorg. Thats 31*10mins
-
m-relay
<ofrnxmr:xmr.mx> bitcoin decided to, essentially, roll back/delete one of the chains
-
m-relay
<ofrnxmr:xmr.mx> Monero had a 7 block reorg. This is ~14mins, or equivalent to 1 block reorg on btc
-
m-relay
<ofrnxmr:xmr.mx> (14mins on btc is less than 2 blocks, so its 1 block)
-
m-relay
<ofrnxmr:xmr.mx> 1 block reorgs happen on btc and nobody dies
-
nioc
goo goo says that custodial wallet thingy posted earlier doesn't apply to them
-
m-relay
<eddie:oblak.be> source?
-
m-relay
<atori_0xbdc3ab4e:matrix.org> When was this 31 block reorg?
-
m-relay
<ofrnxmr:xmr.mx> 2011
-
m-relay
<ofrnxmr:xmr.mx> Source: ofrnAI
-
m-relay
<ravfx:xmr.mx> 53 blocks
-
m-relay
<ravfx:xmr.mx> MArch 12, 2010
-
m-relay
<atori_0xbdc3ab4e:matrix.org> And they rolled back the chain? Was this when there was a bug that created 80 billion bitcoin?
-
shwouchk
5VpmcubmFU
-
m-relay
<ravfx:xmr.mx> 2013, 24 blocks
-
shwouchk
shit
-
shwouchk
have to reset password now
-
m-relay
<ofrnxmr:xmr.mx> No
-
nioc
source was google
-
Cindy
i do not care what happens to monero's blockchain
-
shwouchk
ofrnxmr: are you referring to the btc/bch split? or is that unrelated? I forgot by now
-
Cindy
because if anything bad hapens
-
Cindy
a hard fork to a earlier state of the chain can happen
-
Cindy
BRING IT OOOOONNNN!!
-
m-relay
<eddie:oblak.be> I remember that split, good times
-
nioc
fork it to when it was 50 cents so we can get some of dat
-
Cindy
i remember that split too lol, i was a dumbass in 2017
-
Cindy
but seriously
-
Cindy
a blockchain is just a bunch of data, it's not the end of the world if they got a 51% attack
-
Cindy
because we can just hard fork with newer protections to an earlier state
-
m-relay
<eddie:oblak.be> atori: instead of going all in on bitcoin spend some money on mining and help protect the network
-
Cindy
^^^
-
Cindy
if your country was at war, would you fight for them or run to some other country
-
m-relay
<eddie:oblak.be> You're not going to be blasted to shit by shrapnel because of defending monero, different consideration :p
-
m-relay
<testtank:matrix.org> I would break my leg so i wouldn’t have to fight
-
Cindy
eddie: yes :P
-
nioc
I have a country?
-
» nioc looks around
-
Cindy
testtank: you don't even need to break your leg, just have the my 600 lb diet
-
Cindy
my 600 lb life*
-
m-relay
<ofrnxmr:xmr.mx> The reorg that i refered to, was for bitcoin v0.8.0 producing larger blocks than 0.7.x would accept
-
Cindy
does XMRig refresh the config when the file is modified?
-
nioc
yes
-
Cindy
really? i don't have to keep killing it?
-
Cindy
damn that would have saved some time
-
nioc
you used to but no more
-
Cindy
thank you
-
m-relay
-
Cindy
pls attachment for IRC users
-
m-relay
<testtank:matrix.org> From @newsFromGoogle: Thanks for flagging this. Non-custodial wallets are not in scope of Google Play's Cryptocurrency Exchanges and Software Wallets Policy. We are updating the Help Center to make this clear.
-
Cindy
yaaaay
-
nioc
what I was referencing but couldn't copy to here