Wow. It just gets swarmed with developers in 2018. They look like a cloud of nats. Exciting times.

Member waiting for the database to be completed mean while monero was sucking down 10+ gb of ram or something? I member.

I might have lost hope and sold if I could have even gotten to my damned monero to sell it!

This looks really interesting. Thanks for the share.

It should be noted that the idea with ring size 5 is not plausible deniability on any particular transaction but that when coupled with confidential transactions and stealth addresses the cumulative result is an entire network that is entirely private. Of course more is always better.

What website is that? Why does it leave out cardano neo stellar ripple and eos?

No. The MoneroVs(?) will always be on the private key that your Moneroj is on at the time that the fork happens.


You will retain both your privacy and your MoneroVs.


What happens on march 20th?

Perhaps marginally if enough other people make claims but much much less than if you claim yours.

Ok so at 3:42 he kinda has it wrong here. They wouldn't loan out 9 billion by using 1 of the 10 billion as reserve. The 10 billion would be the reserve and they would loan out 90 billion.

At 4:33 It's true that if everything works flawlessly they can rehypothecate base money deposits over and over again up to some theoretical limit but that never really happens. Eventually someone withdraws cash and it gets interrupted. That might explain another reason why certain people and groups hate cash so much.

"Inflation is essentially a hidden tax on the public." Kinda. It's more a hidden tax on the subjects of our empire. It hides from the american public that the US empire is an empire by obfuscating the flow of funds. In the past empires would just go to foreign lands and say give us your gold or we'll cut ya. But that is politically untenable in the modern world. So the inflation of the dollar is the means by wich we transfer funds from our subjects to our homeland. If any of our vassal states interrupt this process in any way than we do send the military to fuck them up but the state tells the public that it's for humanitarian reasons. That's how modern empire works.

So then it might occur to you to ask how does inflation transfer funds from vassal states to the US homeland. Other countries are forced to hold USD reserves. As their purchasing power is inflated away they are forced to buy continually more. In order to get more they send us products and resources. Oil is the biggest thing. That's why we have such cheap gas in the us compared to other places and such an abundance of cheap chinese products. So yes some of our purchasing power is inflated away too but the american people are largely the beneficiaries of this also.

With regard to the question of the inability to create non interest bearing money to pay interest on previous debts. The fed has a tool called an "open market operation". The fed doesn't HAVE to buy t-bills with the money that it creates. It doesn't HAVE to buy debt instruments. It can buy what ever it wants. If it buys equities (stocks) for example than it is creating new money to buy an asset not a debt. There is no money owed on this newly created money. In theory this could be used to pay the interest on debt.

Truthiness 7/10. All the stuff about commercial banks rehypothecating money over and over again is true and important. And the fed does buy a lot of t-bills. There probably doesn't exist enough money in the system to pay all the debt, that is probably true. But the fed could create it if it wanted through open market operations. So it's not quite as dire as it makes it sound in some ways. It's right in that it is a giant purposely complex scheme designed to be unintelligible to all but the initiated and rob the world of it's prosperity. I would call it true enough.

Yes I can tie all that to a monero speculation thread. All that nonsense up there is part of why monero is such a great value proposition!

Suppose you have an address that your coins are on when then fork happens. Now you have the same private key holding funds on both the main chain and the fork chain. You decide to make a transaction on the main chain. Your client picks 4 random inputs for ring signature partners plus your actual input. A B C D E are the ring signatories for your transaction on main chain. Which one is the real input? Nobody knows. Now you go over to the fork chain and you use that same private key to author a transaction on that that chain. Your client picks 4 random inputs for ring signature partners plus your actual input. F G C H I are the ring signatories for your transaction on the fork chain. Now which ring signature input was the real one and which were the decoys?

20 minute compute time does sound beyond reasonable for most applications. Hopefully they can get it down lower. But really if they do manage to get a trustless demonstrably private zero knowledge anti double spend proof system off the ground that would be groundbreaking, 20 minutes to compute time or otherwise. Computers will get faster, it could probably be optimized, and even if it couldn't and even if moors law abruptly ran out there are definitely real world applications right now for private transactions that take 20 minutes to compute.

https://www.deepdotweb.com/2017/10/11/monero-considers-implementing-zk-starks/

I don't think our community is wedded to any particular technology. We have a vision of providing private fungible value storage and transfer at the best scale that technology currently allows for while using only safe and well vetted techniques. We also have very healthy governance and a well balanced and rational community who all have a similar vision, so forks tend to be a breeze. If it turns out that sk-starks is the bees knees it will almost certainly be implemented here.

Apparently the market has agency and the capacity to do wrong and not arriving at the price that he prefers is an example of such a wrong, which has made our friend rather cross with her, and since the market and Monero are friends with each other he's naturally rather cross with Monero too!


Connect your wallet to a remote node. PM me if you need help getting it set up. Meh just use the GUI wallet if you don't know how to use the CLI. It's pretty self explanatory with the GUI. It's in the options or settings somewhere clearly labeled.

Yes everyone I know you all think hes a troll but I can still extend an olive branch.

Monero has truth. Some might argue that that isn't worth anything. They might be right. Maybe I just need to get with the times. I hope not.

Hahahaha. Oman that's great. What a lazy bot programmer. Cant even come up with unique garbage. It has to steal garbage from someone who wrote a garbage producing algorithm. It's meta stupid.

Hey I try to look at it on the bright side. As long as its under x-coin dark coin dash I know my capital is in a good place with good growth potential.

Say something meritorious.

No you are misunderstanding. Each decoy input is SOMEONES real input. So it would only reveal that the other inputs were decoys for you not necessarily decoys for anyone else who uses them. It would reveal your real input and your decoys. So then if someone else used your real input as a decoy in the future they would have their mixin set reduced by one. So if they did a mixin 6 and it selected one of the 6 as your real input that was revealed by you spending on both chains, they would get the effect of having used mixin 5 instead.

I hope that makes sense.

As for the seriousness. It is serious. Serious in the sense that something will have to be done about it. But not serious in the sense that nothing can be done about it.

Probably because they hold a lot of it and they think that if people think it is private it will be worth more.

Ditto


Dont be so dramatic. I have suggested 3 different approaches for dealing with this problem and i'm just one bloke. Not even the smartest one around here either.

Well the fork almost certainly isnt going to do that. However it could be done on our end. Monero team could develop a feature to "safely claim XMV by using the same ring signature inputs on both chains when spending an XMR txo". Even that would only be partial solution though. If someone else failed to use this tool and exposed their ring signature input and it was an input in one of your transactions than that would erode your privacy even though you had used the tool yourself.

But your comment inspired me to think of another partial solution. Something I hadn't thought of before. If the feature that you wish the forkers would implement on their chain was instead implemented here on the main chain, any future forkers would be forking software that had the tool that you wish the fork chains had!


Yea I'm not sure about replay protection. I suppose you could make 2 new wallets one for the fork chain and one for the main chain and send your funds from the fork chain to your new fork wallet and the funds from the main chain to your new main chain wallet. It is possible that some joker could front run you and publish your transaction from one chain on the other chain but you wouldn't be losing your money it would just be an inconvenience that way.

No I don't think so personally. They are just highlighting a hairy problem that was always out there and needs to be addressed. It isn't reasonable to expect no one to ever fork our blockchain. Not if we hope to be one of the big players going forward.