This current drop smells like bear trap to me.  Volume has been low so far, though it IS gaining momentum... hrm.

I went to go look up these users on TV.  And the second one... hrm.. strange/sad.



Wha happen?  I wonder?

As far as nodes are concerned the story is way different.

BSV count: 326
BTC count: 7721

California ON IT'S own has nearly as many BTC nodes as the entire world for BSV.

I have seen analysis that shows that the vast majority run on Digital Ocean VPS instances.

https://api.blockchair.com

As to the nodes...  This website has been up for a long time:
https://monerohash.com/nodes-distribution.html

I would love to see a graph.  I am not sure what impact RandomX had on node count.

Oh yeah... the media is certainly so biased against Biden and his party.  Lol.

I suppose I let me hopefulness get ahead of me.  I see the "network upgrades" as something that fly in the face of decentralization, and thought since we were not (hopefully) going to stop adjusting for ASICS we might stop forking.

I don't know if I want to open the blocksize, and governance cans of worms in the same day though haha.

Well I take a conservative stance in the blocksize debate.  I think full node centralization is a VERY STRONG net negative.  I think the end game in that scenario is you have to have a network pipe, storage space and computation resources that are really only currently owned by Governments and Google/Amazon size corporations.  Once any blockchain gets to this point it will become possible for the nodes to collude to reverse transactions etc.  And we have YEARS of proof it will happen.  Even with BTC, the most decentralized blockchain in existence, we came damn close with Binance just a little while back.  I am not sure if they could have done it...

Currently BSV is the existential leader in this camp design wise.  Not only do they cheer on node centralization, but they actually also imply if not right out say that they think censorship is a feature, not a bug.  I think BSV is a steaming pile of shit for other obvious reasons but the experiment of an unbounded block limit is at least valid.

But if we centralize the nodes, then we open an attack vector for censorship, and frankly the whole damn thing loses all it's value at that point.  No need to burn all this electricity, and continue to use a distributed database.

Well, Monero has an unbounded blocksize, theoretically.  And at the moment it is no big deal because the traffic on our chain is so small it does not really matter.  But if usage keeps going up (and I think it will) then eventually it will get harder to run (and sync!) a full node.  Monero ALREADY has way higher overhead in space as well as computational requirements.  When is the last time you synced a node from the bottom to the top?

But Monero, unlike BSV, is actually a cypherpunk project and the developers and community value decentralization.  Even the people buying drugs off the dark web do, whether they really know it or not.  And I think the hybrid blocksize technique we are using is VERY interesting... but it leaves the door open for a route to possible centralization.

So what happens when the storage space, bandwidth, and computational resources required to validate the XMR blockchain start to become prohibitive?

We need MORE fully validating nodes, not less.  Especially for Monero.

What do you folks think?  I know we have a fair share of big blockers and other apostates insofar as BTC maximalist doctrine goes among our numbers...  I would love to hear arguments that my reasoning is wrong.  And maybe I am just arrogant, but so far I have not been converted. 

I should listen to Articmine some more... I think he has some fairly strong opinions in this regard, and I don't think he is just a big-blocker nutcase.



P.S. - On a side note it sure is nice to see little XMR marching up a little... but is it gonna break out of it's everlasting rut?  It has tended to only do this while BTC is rangebound itself.  Once BTC moves violently in EITHER direction XMR tends to deflate rather quickly.  I would LOVE to see that trend ended.  Something DOES feel a little different this time...  What is up with the alts?

We seem to have raised a generation of people who are unable to think more than one level deep, and have no empathy or even desire to see the perspectives of others.  It is possible to despise confederate statues, advocate for their removal, AND understand that there are real valid reasons for your perspective not being the only one, or possibly even valid.

The fact that so many are in the streets yelling at each other because they lack the ability to do that second thing is VERY concerning for me.

They also seem to find it impossible to realize that it is wrong to judge the people of the past by the values and spirit of the current age.  And have no gratitude that it was some of the people they are trying to erase who laid the very ground they are standing on and enabled us to do things like finally end slavery in our culture.

They too, when judged by their grandchildren by the standards of THAT time will need to be erased.

Y'all are sick.

Having Roach gone is an AMAZING upgrade for this thread.  Ibian?  Yeah... I could tolerate him.  But roach being gone is a giant plus.  What a jackass.  He was either an actual psyop of some kind or just a real broken person.

In the ever-present 68-72 range this is where to sell again.

But one of these times it's going to NOT be.

Is *this* one that time?

I don't know why, but it LOOKS to me like Monero is trying to pop out of this tight range.

Monero has been crazy low volitility for a while, and has seemed to move in a contrary way to BTC a lot of the time.  This last little bump is exactly that... BTC couldn't hold 9400 and as it fell Monero scooped up some momentum.  Interesting.

A losing trade (big one) if so.  I doubt it.

This clearly shows that bids are not quite stacked as deep as the asks...

Here is to you being right.
I am now lining up for a little purchase!

Sorry.  Sometimes you just feel it.

I know I am highly biased.  But I still think XMR might actually be the most undervalued ALT in existence.

- defacto standard privacy coin
- one of the few truly decentralized alts
- 3rd largest dev community after BTC and ETH
- ONLY blockchain other than bitcoin with a growing real world use that is not synthetic (like weather data on BSV)
- RandomX effectively purpose built to define the CPU as the Monero ASIC. I will opine on this below
- Growing transaction volume
- Growing hashrate (presumably w/o ASICS)

I think RandomX has surprised me the most.  I felt like chasing ASIC resistance was becoming a very costly goal.  The bi yearly forks were a net negative in my humble opinion.  I was glad the consensus was to stop them after the final try at RandomX.  And that we felt the need to call the hard forks "network upgrades" was sort of proof that we knew we were doing something that is anti-decentralization for the tradeoff of defeating ASICS.  As much as I loved taking out bitmain on that first algorithm tweak, it was a bit of a defeat to keep doing that.

But RandomX is an ENORMOUS security upgrade for the network.  It makes mining centralization much harder to achieve.  And it sets monero apart as the truly CPU mineable coin with the newer AMD chips being the closest thing to an ASIC.

Monero is really the single coin with such a robust set of unique values.  I see some folks (and I know there are some here too) that still expect Monero to displace Bitcoin.  I have enjoyed watching @_the_archer on twitter opine about how Monero will eventually flip Bitcoin.

And I agree that Monero is what everyone thought Bitcoin was at the beginning, but not only do I think Monero cannot flip BTC, I have always said I think XMR is a compliment.  We NEED a transparent ledger, and an obfuscated one.  Also XMR is even less scalable.  It will end up being somewhat costly to use if it continues to grow.  Either that or the full nodes will become centralized.

Anyway...  I sure hope the promise of Monero is realized to some extent before I shuffle off this mortal coil.   Even though I still see BTC as the better "store of value" I think Monero's transnational value makes it far more valuable than it's current price reflects.

C'mon corn... don't Bart on us!

Oh, joy.

I really really really really really really really need this to be the front end of the big rally for this cycle.

I really want to harvest a portion of my hoard into a little real estate and set up an account to pay me like 80k a year from here on out and let the rest ride the rocket.

I am tired of my slaving for money that is worth less worth.less worthless.

That said, I can keep hanging on if I have to...  but c'mon corn!  you know you wanna!

I don't know really.  They also did a portion on liquid, which I would think is MUCH MUCH MUCH better than the crypto-kitties garbagatorium.  They have also released USDT an EOS, and TRON (LOLROFLMAO).  I guess not to put all ones scammy eggs in one basket?

https://cryptobriefing.com/bye-bitcoin-tether-booms-on-ethereum-withers-on-omni/

https://www.thestreet.com/investing/cryptocurrency/crypto-conversation-tethers-swap-is-swarmed-by-questions

Cup, meet Mr. Handle...