Blocks are getting full now much more frequently.
Good. Even Gavin confirms that won't cause the sky to fall; BTC was designed to thrive under load (and duress). Let a thousand fee markets bloom!  |
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^ re: chinese translation: I've said it before and I'll say it again. I think its a great idea, but might be a little too early. There's a lot of needed content on getmonero.org. User guides. Developer guides. All empty. if we could arrange for whatever translating service to do future content translations, then by all means go forward. Otherwise, IMO, we'd do better to to create content for the website in english.
And I don't know what 300$ in translating services can get yah.
But who knows. Perhaps just translating whats there now is all we need to get the ball rolling.
A pump to the moon from Asian whales is fine, but what I'd really like to see are contributions, of code and aligned pure crypto research, from outside the Anglosphere. This may be a pipe dream, given BTC's role model of more-or-less English-only core devs, but in the international spirit of Esperanto, we can hope. |
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I think it would have been much better if as he was leaving he wrote and communicated what he thought the long term direction should be along a variety of aspects.
The problem is Satoshi left without explicitly clear long term direction.
Nope. Satoshi is a libertarian and believes in spontaneous order, not central planning. |
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I'm enjoying the epic Yoda-vs-Vader drama between Gavin the G-Man and Dr. Backamoto. On Sunday, Adam reminded everyone why he is basically Bitcoin's CTO. The best bit: LOL..SO R3KT  Clearly Satoshi's "eventually" deadline for scaling BTC to Visa+Gold+Fiat+StarbucksGiftCard+BusToken levels comes some time after implementing duplex micropayment channels. |
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"Monero" is under attack by TrademarkFuckers.
I've got today the abuse.
I don't get any earning from moneroclub site and don't want to cover legal costs. Therefore the project will move to the new domain.
I find that very dangerous for Monero community. This trademark fucker can destroy any monero site.
BTW1, "monero" is esperanto word, how it is possible to register common words from dictionary?
BTW2, bitcoin TM is registered by community. Didn't someone from monero community happen to register trademark "monero"?
Oh fuck. Streisand Effect in 10...9...8... |
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-- InstantX;
-- DarkSend;
-- Masternode Blinding;
-- Decentralized Governance?
are already out? Instant-aner-XY?
All those great innovations did not create even a ripple effect in the crypto ocean. No one gives a flying fuck, let us face it no matter how painful the truth might seem.
Those "great innovations" are just stolen, renamed, warmed-over, and poorly implemented technology from Bitcoin. What DASHCULT calls "InstantX" the rest of the world calls "green addresses." What DASHCULT calls "DarkSend" the rest of the world calls "broken CoinJoin.' What DASHCULT calls "Masternodes" the rest of the world calls "unregistered/unlicensed HYIP/MSB." The rebrand hype was just a pump so THE DARKCOIN FOUNDATION INC could dump more of their pre- and insta-mined loot. |
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There are only 3,045 members on Dash Talk (from 1,850 on November 5th 2014) and here we have only these several people talking among themselves here. And I see this little motley gang of enthusiasts being increasingly delusional.
I was screaming from the top of my lungs (as GreyGhost over there at DT) how losing its IDENTITY (as Darkcoin) might kill this technologically great project. Thus far I can't say for sure I was right (after all I still cling on my MN) but every passing day I see that bland, tasteless, wanting to be loved by all but ignored by (almost) everyone DASH as the ONLY one in that crypto space ("that hates us") without its character.
I would rather be a laughing stock for a day or a month or even several months and yes, admit a horrible mistake, ditch the DASH name, go back to Darkcoin if I wanted it to be a real, revolutionary financial instrument
Whomever was pushing re-branding of the name Darkcoin under the false pretense that its name will kill it (coupled with that other wishful thinking of "big retailers" "adopting DASH but not Darkcoin" and "big exchanges" "listing DASH but not Darkcoin," neither of which had happened and is not likely to happen) had created a new name, a lukewarm detergent sounding bland nonsense that might end up killing it instead.
I've distilled your post down to the best bits, and it's a welcome relief from the usual RAH! RAH! RAH! CLAP LOUDER! cheerleading BS. Good catch on asking what happened to the glittering promises of "big exchange" adoption and VC backing, but I wish you had mentioned the new dev mining tax (IE perpetual ICO) in that context as well. The 'Ben Hur' promo is at this point more like Jodorowsky's Dune (Ben Hur was actually finished, released, won awards, etc). It didn't help that the supposedly widely-discussed "lukewarm detergent sounding bland nonsense" rebranding came as a surprise to, and pulled the rug out from under, its producers. Now let's pick up the pom-poms and go back to encouraging large, centralized pools of a Proof of Stake coin in the form of Masternode hosting services. What could go possibly go wrong with that? It worked fine for NXT and BTer, AMIRITE?  |
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Bill Cassidy Interviews the team behind automated Dash Masternode setup service http://node40.com/. Dash is the first Cryptocurrency focused on anonymity and privacy and Node40 is building their business around the project. They make the process of setting up a Dash Masternode simple, secure, and easy for customers to monitor. Sounds like those Node40 people have built a good masternode hosting service. Looks like a Money Service (or laundering/HYIP) Business to me. I hope Node40 has a good law firm, and/or is domiciled outside of FATCA's long reach. |
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LTC does two things, and does them well. Primarily, it acts as the main (IE high market cap/volume) hot-swappable backup/failover chain to BTC. Secondly, as BTC load tend towards capacity, LTC's 4x more rapid blocks are thus the most natural place for overflow tx. (LTC is also most suitable for cross-chain mixing, but that function is arguably subsumed by the previous points.) LTC is Done TM and now in maintenance mode, sparing it from Blocksize Missile Crisis type situations. Doesn't hurt that it was made by the eminently respectable coblee and enjoys the 2nd highest degree of ASIC-facilitated network security either. Monero is THE altcoin other than bitcoin.
Something can have a less than 50% chance of success AND still be a GREAT investment on the basis of EV or expected ROI. For a simple example if I thought ABC had a 90% chance of being worth zero (100% loss) in 3 years but a 10% chance of gaining 20,000% I would buy a lot of it. For the sake of consistency let's recognize the above quoted reasoning also applies to LTC, in a form amplified by its longer track record and greater network effects. Eastwind's assertion is not verifiably true given objective market conditions. It makes logical sense to us Mustangs, but let's not overly delude ourselves in the reprehensibly absurd manner of circle-jerking Dash cultists. What's next, herding us off BTCT to a private mustangs-only echo chamber forum?  |
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Lack of ANC github activity has caused me to lose hope of any Zerocoin implementation. CryptoNote exists, the future is now. #XMR #BBR
Tweeted to 1000+ followers
Welcome to Monero Mountain, home of the Wild & FreeTM mustangs! May I suggest on-boarding your followers via fluffypony's excellent introduction? https://www.youtube.com/watch?v=GEVm1dMn5Ks |
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if we see blocks fill up and the network starts functioning poorly, we are going to see a change pushed out far quicker then any of us ever imagined.
Agreed. We'll know when it's "eventually" when we see it. |
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Just a quick bump. It's worth note that poor cypherdoc is treading water mightily to keep above the 70%/30% rate now. Hee Hee.
It won't make a difference. He'll turn on a dime and wave his hands, explaining why what really matters is [Thing That Agrees With Him]. |
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blocks full again with TPS unacceptably high --> unconf tx set ~ 3000, more than double normal. pools taking defensive action. when will Blockstream devs do something?:  Why do you call this "defensive" action? when Chinese pools face a series of what they consider to be "large blocks", which in this case means full blocks as you can see from the data, they automatically switch to mining "header" blocks with 0 tx's during the time it takes to process all the tx's in the preceding large block. this is b/c large blocks take a bit more time to process and check all the signatures so the argument goes that they can't afford to waste that precious time so for defensive purposed they just go ahead and start hashing the next block with only the "header" that in this case contain no tx's that might have included an invalid input from the preceding large block. So they switch back to working on a full block if they aren't able to solve the block header in the time it takes to fully process everything? Yes, that's right. Large miners always try for 0-tx freebie blocks while processing the pool, then switch to fee-grabbing mode when it's done. The larger the block, the more (non-trivial) CPU time must be devoted to processing. It's a linear relationship, so 20MB blocks take 20 times longer. This is bad for an antifragile diverse/diffuse/defensible/resilient system designed to remain functional thrive under load, but not under bloat. |
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Peter Todd on /r/buttcoin today: Why doesnt buttcoin start its own "stress test"? I dont know anything about coding or servers or the intricate workings of bitcoin, (I'm just an ideas man), but it would be fun to be involved in setting up our own little "stress test" on the bitcoin network. Obviously it's a waste of money, but so are a lot of things (at least it goes to the nice energy companies in China). (...) Find me $5k and I'll make it happen in a big way, with proper tx creation scripts that don't just crash.
This is a serious offer. Source: https://www.reddit.com/r/Buttcoin/comments/3bk12f/why_doesnt_buttcoin_start_its_own_stress_test/csn4nbz  I think this demonstrates his level of hypocrisy here. Peter is saying to the /r/buttcoin group that he is happy to implement a massive flood attack against Bitcoin for $5K in transactions (which is enough to generate 10s of millions of transactions very quickly), because he is confident that the network can handle this. Which leads one to ask, if nodes the and current P2P network can handle a flood of several 10s of millions of transactions (as Peter is saying), why can't Bitcoin handle larger blocksizes again?  Handling larger blocks is fundamentally different than handling full blocks (which you dramatized as "a massive flood attack"). |
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 I'll miss the Guild. This marks the end of the beginning, as we transition from the 'laugh at you' stage to the 'fight you' era.
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iCEBlow blowing more iCE.
i'm flattered you find me so important to grace my thread with your never ending presence. keep pushing me and it UP!
Sure, no problem. It's a fun thread, despite the uncharacteristically nasty acrimony over GavinCoin. Very wise of you to not try defending your silly "iCE just seems to follow the crowd" remark, BTW.  |
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Bitcoin and especially LTC has risen nicely, while XMR has languished. Stinks.......  Not if you want to buy more XMR. |
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yeah they did some damage implementing those kyc rules. some of the buyers did never return and hurdles to buy monero are bigger for newcomers now
I'm not sure that I agree that there are any bigger hurdles for newcomers. Shapeshift seems to work just fine and is roughly the same process as when we were using Polo: Buy BTC on Coinbase or Circle (or other). Transfer BTC to Polo or Shapeshift. Get XMR. In fact, I'd say that the rise of Shapeshift has made things easier. Now, instead of letting too much of my stash reside on Polo (a safety concern), it goes to my XMR wallet directly. The whole Polo debacle was more of an "ugh, really?! Ok, fine." And it probably increased the security of our community by having us move XMR to our wallets. Sure, it was a PITA, but I don't think any medium to long term damage was done. Polo has done XMR a great favor. The short term pain is worth the long term gain. Their KYC boot-licking has two beneficial effects. First, it creates motivation/incentive for volume to move to other exchanges. I've been waiting for someone to buy KoziTwo's nifty cryptonote.exchange.to project and stick it on an i2p/onion site.... Second, Polo is now ready to start the scaling process of accepting fiat not just from piddly bank transfers, but real (7+ figures) money from accredited investors as well. |
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