00:01:10 Most widely adopted usecase 00:01:25 Monero is old hat. It's all about kaspa these days 00:01:38 If the Twitter shills are to be believed 00:01:58 Thanks we are dinosaurs 00:02:32 diego please come to monerokon 2026 00:02:47 Wen 00:02:49 Where 00:03:08 Trans-atlantic flights are the worst 00:03:09 Same place similar time 00:03:15 26-28 June 00:03:26 Prague but different location 00:03:31 Uggghhhhhh 00:03:34 Take a cruise 00:03:39 fly first class 00:04:16 All my money is burned hiring math guys for you ungrateful twerps 00:04:27 don't complain, it could be worse, it can be west-east AND south-north 00:04:31 gratefulfortoday 00:07:05 I mean, there's so much "crypto is a scam" or "crypto is a ponsi scheme" chatter around, but that chatter is all about crypto investment, because that's all the general public think about. There's never any talk about... hey, unlike a country's official currency, these currencies are global, removing the strings of currency exchange, and Monero in particular being as anonymous as 00:07:07 using cash, except it can be sent clear across the world. 00:07:57 you sound like a criminal to me :D 00:08:16 kraken finally canceled the withdrawal (which they said was impossible to cancel). Now I'm going to try to swap it and see if it works. Then I will tediiously use another method to swap back to xmr from a place I can actually withdraw it. 00:08:29 If being good looking is a crime then I'm a criminal 00:12:24 My truth bombs silence the room. 00:12:41 Really, what percentage of people are "currency investors", and are focused on that? Not very many. But how many people are consumers, who go around buying things? Everybody. Want to sell the average normie on Monero? Talk about the advantages of its use, not the advantages of "investing". 00:20:19 A couple of years ago when a friend of mine became father for the first time, I gave him a paper monero wallet that his daughter is only allowed to spend when she becomes 18 years. It's a silly way to spark curiosity 00:22:56 I think there is some work to do in convincing small retail businesses to accept monero. For example a bar could accept monero and give customers a discount if they use it instead of visa. 00:23:31 But it's a very tedious work to do the convincing 00:23:43 But it's a very tedious job to do the convincing 00:26:00 One of these days, I'll get my hands on just a few hundred dollars worth of Monero, not to invest and hold, but to spend, as is the purpose of a currency, and if all goes well, it will probably become a habit, to just have some Monero on hand, to just use as a currency to buy things. Like the average person, I'm not interested in currency investment. 00:27:23 sure, but you need places that will accept it, otherwise you're stuck with all that monero in your wallet 00:27:52 if I could buy my groceries with it I would do it 00:28:45 Small businesses cater mostly to walk-in customers. Monero would be best used for buying things across national borders. 00:29:13 Ordering things from across the world 00:29:33 if you are operating a store, how long do you wait after receiving a crypto payment before you let them walk out? 00:29:33 It can be both 00:29:35 Or anonymously donating to causes. 00:29:56 immediately? 1 confirmation? 2? 00:31:02 But eddie, the usage you are suggesting is a usage where Monero has no advantage over cash money. 00:31:29 but people use cards 00:31:29 well 00:31:36 in my region, yours might be different 00:31:51 and small vendors need to use expensive POS devices and pay fees to visa 00:31:57 so monero would be cheaper for the vendor 00:32:32 But they CAN use cash money, if they wish for an easy anonymous transaction. 00:32:52 yes, but it's disappearing 00:33:07 most people nowadays pay using a card or phone 00:33:18 Monero's big advantage is its global scope... ordering from afar. 00:33:26 and in a mc donalds style business customers pay before they get their order, so the confirmations would be a big issue 00:33:51 I agree, but the one doesn't exclude the other 00:34:05 people pay contactless for in person purchases too 00:34:21 at my local supermarket 95% of transactions are visa 00:34:56 gen-z'rs don't have cash anymore, barely a credit card 00:36:04 I'm saying that Monero in those cases is no better than using cash money. If buying things in another country, Monero is really the only way to do it anonymously and also exchange rate -free. 00:36:07 and in a mc donalds style business customers pay before they get their order, so in such situation the confirmations wouldn't be a big issue 00:37:05 And I am saying that in europe cash is disappearing. and it is being replaced by visa, but it'd be better if it was replaced by monero 00:39:26 Oh okay, yes, I get it. But this situation is merely showing that barely anybody in Europe gives a crap about leaving a transaction record trail of themselves OR about cash money becoming a non-thing, which leaves the entire society under the thumb of their ruling financiers. 00:40:52 Some do give a shit, but they have no idea how to fight the trend 00:41:04 Stubborn ones keep using cash 00:41:17 but society is working hard to make that impossible 00:41:36 try get a ticket for the train with cash, becomes ever more difficult 00:41:53 Maybe the actual underlying cause of WWII was that in the 1930s the entire world of people, if they weren't distracted by crazy things, and focused on their real enemies, would band together with pitchforks and hang all of the top-tier bankers. 00:43:18 you know the band keeps playing while titanic is sinking 00:43:23 that's europe 00:43:33 That's earth. 00:47:04 Think about it though. 1929 huge crash. Many banks close. Early '30s, people world-wide are poor and totally pissed off at the bankers. World governments: It's those other countries' fault! We need to invade and destroy them! 00:47:41 Deflect, distract. 00:48:07 They probably waited 72hrs to make sure it couldnt be mined 00:48:30 Just withdraw again, it should work 00:48:43 test with a smaller amount.. 00:49:04 mintyonionbreath monero has some advantages over cash 00:50:17 Yes, cross-border, but how so when buying in person? 00:51:01 1. Change (dont need to go to bank when you run out of nickels) 00:51:03 2. Counterfeits (not an issue) 00:51:05 3. Being robbed at gunpoint - if you use a view wallet at the POS 00:51:10 for the same reasons people think card payments have advantages over cash 00:51:41 Okay well that is interesting food for thought. 00:51:44 Its like visa, without the service fees, 00:52:06 that was exactly the point I was trying to make earlier 00:52:12 Visa costs a merchant ~3% of every transaction, + a monthly fee 00:52:30 that's why monero should be promoted to vendors first 00:52:31 Cash often requires trips to the bank 00:52:49 And manual labor, counting bills 00:53:02 Have to worry about theft from employees as well 00:53:16 you say buy this product with 3% discount as opposed to paying with visa. That way vendors convince clients to start using monero 00:53:21 Okay, I get it. 00:53:23 Have to rotate floats 00:53:38 If youve ever worked as a cashier, you'd know how much counting cash sucks 00:53:51 Have to count all of the tills at the end of the day 00:53:53 So tell me about this "delisting" thing. Does a country "delisting" Monero make it illegal for vendors to accept it? 00:54:05 Its god damn tedious 00:54:08 No 00:54:13 well a big reason the nazi's got very succesful was that germany was broke as hell from that other war 00:54:57 delisting happens when _exchanges_ have to jump through too many hoops to protect themselves from being targetted for unclear regulations 00:56:04 Bitcoin being "traceable" is setting the bar for the level of transparency expected from all crypto 00:56:30 When a coinbase comes across xmr, they dont want to lobby or be targetted for not being able to trace monero 00:56:56 going against monero, is the same as going against cash 00:57:12 I can deposit drug money into my bank account, then use it to buy stocks 00:57:25 But privacy is a big requirement for businesses and governments to start adopting crypto, ironically. They're not going to show you their own books even if you ask nicely. 00:57:33 What stock exchanges want to know, is WHO deposited the money to the exchange 00:57:50 With crypto, they want to know WHO and the balances, and the past + future history 00:58:39 Monero is like depositing cash directly to the exchange. Some dummies do this all the time. Use their ezchanfe as their own wallet, and have strangers depositndirectly to the exchange 00:58:52 Coinbase doesnt like xmr becauae they cant tell WHO is depositing 00:59:07 trying to withdraw small amount now 00:59:21 Thats why all of these halfprivate coins added "exchange addresses". To address the "WHO" part 01:01:19 Very interesting. So any crypto exchange willing to deal with Monero XMR is kind of taking a risk "for the benefit of humanity". 01:02:28 for the benefit of their pockets* 01:02:40 Monero is the most used crypto, only rivaled by bitcoin 01:02:46 And maybe usdt 01:02:57 if it wasn't for regulations, exchanges wouldn't give a shit about the who 01:03:22 a lot of winners take profit in xmr, then use xmr to ape into pumps etc 01:03:52 regularions about "who" have been around, even in banking and stock exchanges, for decades 01:04:03 Exchanges went from unregulated to over regulated 01:04:12 They ask for _more_ info than banks now 01:04:21 also banks don't give a shit if they can get away with it 01:04:23 And that because bitcoin is less private than fiat 01:04:37 it's not the banks that invent the rules, it's the regulators 01:04:59 Nah, banks create their own rules too 01:05:05 So for the "Monero XMR user" (not the Monero XMR investor, but user), the user gives up some money in the exchange, but then saves some money because most accepters of Monero XMR offer a discount. Is that the deal? 01:05:20 Some bank, you can walk in, with account number of someone else, and deposit large sums of money 01:05:33 Other banks will freeze your account if someone in a different location deposits $ 01:05:40 barely :-). If they can do business with a warlord and get away with it, they'll do it 01:06:04 sure, some banks have more ethics than others 01:06:14 @eddie thats what i said 01:07:14 some regulations though, are like "you cant sell products at your store over 1000 unless you report it to the irs" or some retarded shit 01:07:31 and those regulators need to lose their virginity 01:07:46 Go touch grass or smthn. Fkn retards 01:09:30 There used to be something called banking secrecy 01:09:34 that's almost completely gone 01:09:42 Not neceasarily a discount, but a convenience 01:09:55 eddie: The finance sector (I mean the top part of that pyramid) OWNS this planet. 01:10:40 captaincanaryllc any luck? 01:52:59 greetings! 02:11:26 ofrn: nothing yet 02:12:19 you attempted a wd? And what happened> 02:15:19 yes, nothing in pool yet, no txid disclosed, but it says status is "sending" on kraken 02:17:01 Kraken should change name to broken 02:17:03 Lol 02:21:11 You're retarded. 02:24:53 Germany did not "deflect, distract". Instead, it was left in a weakened state primarily due to the Treaty of Versailles (the fault of other nations) that devastated its economy. In the US, the 1929 crash was largely driven by greed among ordinary individuals who invested their savings in a bubble, believing they could outsmart the "greater fool" (as with Bitcoin today). The Federa 02:24:53 l Reserve also played a role in the crash. It's essential to avoid being reductionist by blaming banks for all your problems. 02:29:20 It's inevitable that when people start the banks for all their problems, the issue becomes misconstrued into blaming Jewish people, which is a form of antisemitism. I don't like this rising antisemitism in the Monero community by retards. 02:29:31 It's inevitable that when people start to blame banks for all their problems, the issue becomes misconstrued into blaming Jewish people, which is a form of antisemitism. I don't like this rising antisemitism in the Monero community by retards. 02:50:13 "antisemitism" is a fake word with no meaning I'm sick of hearing it 02:51:51 got the rest of my money out as btc... still waiting on the small xmr transfer 09:29:15 The 29 crash was probably caused by the "Federal Reserve Notes to the tune of 20,000 metric tons of gold were “circulating naked”" http://www.moonlightmint.com/bailout.htm 12:25:22 https://discuss.privacyguides.net/t/monero-wallet/30449/ 12:36:41 0-conf under $1k would be my general rule of thumb, otherwise one or two is fine. What are the odds my in person customer has enough hashpower to re-org the chain? And if they try something funny, like broadcasting one TX to me and one to the rest of the network, and ends up getting one over on me, I jsut ban him from my store like I would a person writing bad checks 30 years ago 12:53:41 A guy is building an app called Monero Watchman that will send the user a notification in case of chain reorgs so that you can add hashrate. 12:53:43 https://github.com/NathanRizza/monero-watchman 12:53:45 It came about because of me posting this bounty after talking with Arctic Mine on Monerotopia 12:53:47 https://bounties.monero.social/posts/203/0-429m-a-monero-attack-alert-app 12:55:45 I figure maybe the app could be used as a general Monero network monitor in the future. Think moneroconsus, miningpoolstats, a block explorer, etc all running off your local node instead of needing to visit dashboard after dashboard 12:57:33 <17lifers:matrix.org> people should mine at their peak hashrate all the time. 12:58:21 I so love mining at peak hashrate when the temperature is 90 degrees in the middle of summer. 12:58:37 You know, because I don't already have enough heat to be dealing with. 13:09:09 There is a company in the UK who install a "compute unit" or however they call it on the side of an immersion heater. They pay for the electricity and i assume leach of your bandwidth/residential ip - you get the hot water for free , like an opt in bot net :D if i could click my heels together then every time i use power to heat water there is an 13:09:09 efficiency gain provided by warm randomX water but i wouldnt know where to start 13:15:39 <17lifers:matrix.org> plowsof: https://ibb.co/0yq0JC0r 13:16:45 🏊‍♂️ 13:17:44 <17lifers:matrix.org> mm wotah 13:18:05 Bo'L of randomx juice wotah 13:58:22 hmm, is the antminer x5 any more efficient than a generic computer? since it's supposedly dedicated to randomx 14:05:17 <17lifers:matrix.org> the product page shows 212kh/s at 1350w. a 7950x3d per https://xmrig.com/benchmark does 25.8kh/s. the tdp of a 7950x3d is 120w. it will mean you get 1320w tdp for the cpus only (plus the rest of the setups) 14:05:37 <17lifers:matrix.org> the product page shows 212kh/s at 1350w. a 7950x3d per https://xmrig.com/benchmark does 25.8kh/s. the tdp of a 7950x3d is 120w. it will mean you get 1320w tdp for the cpus only (plus the rest of the setups) if you got 11 of em. 14:06:24 <17lifers:matrix.org> wai u need 8 7950x3d to match hashrate (206.4kh/s) 14:06:31 <17lifers:matrix.org> heh 14:58:55 WHY ARE YOU BUYING `8 7950x3d` AT THE SOUP STORE!!!! 14:58:58 Dont forget power supply, mainboard, memory, maybe storage and cooling in the power consumption for the ryzen. Smaller motherboard will less crap likely to use less watts 15:01:07 is it possible to merge mine with Tari using the X5? 15:01:29 NO 15:01:39 get proprietary crap, deal with proprietary limitations 15:01:41 ok but calm down 15:01:54 sorry 15:01:55 it was just a question 15:02:07 i forgive you 15:55:10 17lifers tdp does not mean the actual wattage used 15:56:28 If I let mine run stock vs an undervolt overclock it would use like 2x the watts 16:00:04 Out of curiosity, why do CPU manufacturers not lower voltage in the first place ? Reliability ? 16:00:49 Since battery capacity is quite important nowdays, I'd expect them to get to the limit... 16:02:15 Competition. Higher voltage allow them to reach 200mhz extra if the cpu iw well cooled 16:03:03 ty 16:03:45 Back in the days, cpu where keeping a big margin and there voltage where fine. 16:03:47 Now they auto overclock it by default 16:07:17 They essentially obsoleted human configured overclock with Zen2, at least for cpu. 16:09:26 Alaska Anon made a suggestion on MoneroTopia that if possible I like and doesnt fuck with tokenomics. 16:09:27 Basically, what would happen is the reward would stay the same at 0.6 XMR per block. However if any minor except for P2pool finds that block, they get 0.5 XMR per block and the 0.1 gets held back. When P2pool finds a block, they get the 0.5 that every other miner gets, plus they get the 0.1 from each block previous that wasn't found by a P2pool miner. So for example, if P2 pool fi 16:09:29 nds a block after 11 blocks were found by other nodes, they would get 0.5 plus 1 Monero as a block reward. The 0.5 for mining the block and 0.1*10 from the rewards held back from the previous blocks. 16:09:31 He was saying this could cause headlines such as "P2pool reward hits all time high". 16:09:33 Just imagine, for example, if they missed 99 blocks, the reward would be 0.1 x 99 plus the 0.5 for the block. 16:10:22 Please note, I suck at math, so my numbers might be slightly off, but it gives the general idea. 16:11:36 Can consensus tell a p2pool block from a non p2pool block ? 16:12:00 That is something I'm honestly not sure about. 16:13:47 My intuition is no, since anything a p2pool miner can do, a pool operator also can. 16:13:56 When its p2pool, you get coinbases sent all over the place (to every miners who found a block in the window). While a pool normally just get one coinbase, afaik 16:14:13 A pool can do that easily. 16:14:27 ^ Nothing keeps us from doing that, in fact, I do so on the Tari networks. 16:15:01 Yeah, they can cheat it. So other than that I dont know how they can find a Proof Of P2pool 16:16:03 Damn 16:20:42 there are different CPUs specifically for laptops that take power draw more seriously than on desktops 16:24:24 This scheme also punishes solo miners, and I don't think that's "right". No one should get punished with a lower block reward just because they want to mine alone. "You shall pool-mine, and you shall take no other pool than p2pool" is too harsh IMHO. 16:25:22 That too. 16:25:39 Consolidating all those little coinbase transactions that I will get from p2pool could anyway become harder with FCMP++, harder than it already is. 16:26:31 To declare this as "the way you shall mine Monero", well ... 19:06:30 https://matrix.monero.social/_matrix/media/v1/download/monero.social/bJfIXNplwatAkePnCwKlbvNr 19:06:33 Is Qubic really winning all the blocks right now, or is there a problem with https://moneroconsensus.info/? 19:07:24 I don't know. I was looking at my Monero monitoring app and it said there was a 7 block reorg. 19:07:29 THEY ARE WINING PANIC SELL 19:07:31 AAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHH 19:07:33 That was through the cake wallet node. 19:07:48 Before panic sell you must hold something that can be sold ... 19:09:59 Maybe I should write "conquer all blocks" instead of "find all the blocks", because selfish mining is not exactly nice 19:14:00 Maybe they mastered their DDOS problems, the time of day is just right, with many US miners active now, and they rented some more hashrate to finally make a "point" 19:14:51 holy shit 19:14:58 https://matrix.monero.social/_matrix/media/v1/download/oblak.be/xHtPQEpDmPYeYfCSRhzFYsBY 19:15:07