"Monero transactions are about 50x larger than their equivalent Bitcoin transactions"

That is wrong twice.

First of all, let's start with objective facts. Current BTC typical transactions are about 500 bytes (looking at block explorer we see most 1 MB blocks have about 2000 tx). XMR RingCT transactions are about 13K, which makes them 26x larger, not 50x larger.

Second they are not "equivalent" since XMR transactions provide privacy and fungibility and BTC transactions don't. To get that with BTC you would have to run through mixers or multiple coinjoins or something, which would bloat the effective tx size by creating more transactions to do the same thing (or actually still less, since amounts aren't hidden, and fungibility is questionable since it is usually obvious when coins are run through a mixer)

There is not, at this time, a way to recover your password (much the same as any coin if you lose your private key). There was some talk about setting up a way to recover accounts so you might want to check back in the future.

There are two methods planned, one of which is already implemented in the current release. The first (already implemented) is that the number of 0-mix (also currently 1-mix, but maybe those should be prohibited altogether) transactions is limited to a maximum of one per block. Given growth in usage that will be a small minority of the total number of transactions, which results, statistically, in the chain as a whole is being protected any sort of chain reaction attacks.

The second method allowing a different pathway for smaller and lower-cost transactions is planned for an upcoming upgrade but has not been disclosed yet.

There was a proposal for various changes here https://steemit.com/steem/@steemitblog/steem-0-17-change-proposal-introduction

Some of those have been implemented in the github repo.

There is no specific hard fork release yet.

Authentic zoidberg confirmed.

Darksend came well after Bytecoin. The betas (not open source) were available in early April, which was shortly before Bitmonero/Monero. Bytecoin had been available for a while by that point. A non-beta open-source release of darksend didn't come until well after the Bitmonero/Monero launch.

Thank you!

Does minted seat dividends "on hold" just mean that it hasn't reached the minimum threshold for payment or is there another reason for the hold?

It is possible to do Stealth Addresses on Bitcoin but they are not widely used. I think the now-defunct Dark Wallet project supported them.

However, even then there is a big difference between supporting it optionally and using it for all transfers. When used for all transfers it means that the frequently reused addresses that help with analyzing the Bitcoin blockchain won't exist, so overall blockchain analysis would be less effective than Bitcoin, but still more effective than a coin also using ring sigs.

You could probably do it not only on AWS but on a very cheap (free tier) AWS instance or any number of cheap VPS providers. Syncing may be a problem especially on the latter due to high CPU load but if you sync once elsewhere and transfer the database it should be fine,

Or just run one at home, either on your regular computer or an old laptop. Unlike masternodes, XMR nodes do not require a static IP nor particularly high bandwidth at this point (in the future if and when things scale up that's a different story but for now it is easy).

Friendly thread rules reminder

No dispute. There are all kinds in the crypto world. Reasonable to be paranoid/careful too.

No this theory is retarded. I have some monero nodes running on my own systems and they are not part of any gigantic botnet.

Moreover, there is relatively little of the original cryptonote code left anyway. Huge portions have been reviewed, rewritten, reworked or replaced and that will continue. Any plan to use Monero to distribute malware would have been long since subverted.

The MKA is being phased out of the holdings and normally the M will be insignificant. So once MKA is phased out the ratio will just be the number of CK held by HODL divided by the number of S-HODL outstanding (total in existence minus treasury shares held by HOLD).

For now exchanges will need to proportionately match the holdings (small amount of MKA or cash equivalent needed).

If someone wants to do a bulk buy of MKA and accelerate the process, then PM me and/or put up a bid at the market.

We'll see how it works out. AEON's approach is somewhat different anyway.

That can be done anyway for storage purposes, the same way Bitcoin does pruning, and is already implemented in AEON. The BBR approach has minimal benefit. You can sync faster but with a lower level of security (trusting other nodes instead of verifying everything yourself).


Right. Also, the AEON approach of allowing limited use of 0 mix and non-RingCT transactions would allow things like pool payouts where both tracing and hiding amounts is largely pointless (the blocks mined by the pool is generally public anyway, as are the payout transactions) to be done with lower cost. Or at least, they would bid for access to the quota of 0-mix transactions. My guess is that those slots would be most valuable to pools for cheap payouts, but I don't know. The market will sort it out.

I don't see RingCT or required mixing being a problem here at all. People who don't need it can opt out, as long as is kept under control and doesn't compromise the privacy of the chain as a whole. (I also agree it isn't likely to be a real problem for Monero either, but we will see. If usage explodes and blocks become too large that could be a concern, possibly.)

It is backed by a US company, Tether, which publishes statements of their USD bank holdings. I have not seen independent audits, but they might exist (not sure). You will have to rely on your own judgment and research as to how safe that is.

There isn't much to explain.

In the original rules anyone could convert the appropriate ratio of CKG+CON into S-HODL or vice versa, with a nominal admin fee that I think was about 10 XMR back when XMR was 0.50 USD or so (people with smaller amounts can just trade and avoid the fee). This makes it interchangable with the dividend-paying assets except for the actual dividends.

This was of course manual like most other things in the game (originally, everything), but if this is made into an official asset (share class) then someday the game engine could implement a CONVERT command that would do it for you, and the game engine could even reinvest the dividends automatically too. Things are simpler now since CON no longer exists and the conversion ratio is just a number (the number increases slightly every time dividends are reinvested).

Of course short term the admin stuff can continue to be done manually as the volume is low and there isn't all that much going on in the game.

At that point the non-dividend shares could easily be represented with some sort of blockchain token and would need a depository the way XMR has now, whereas the dividend shares would continue to be only in-game.

I can tell you I'm 100% certain there was fake volume there 3 years ago. I saw it myself.

The other rumors, I don't know.

I don't agree that being around for three years is proof of anything.

Worth asking why they don't list AEON already, considering it has more volume than some of the other cryptonote coins they do list, and has for quite a while.

But if they want to list it, fine with me. I won't recommend people use the exchange though, from what I've personally seen myself.