OP, there were real two issues with the blockchain size back when the coin started in 2014:

1. The original open source pool software created by the Monero community paid every single miner on every single block. That obviously led to a massive amount of bloat.

2. The blockchain was being stored in RAM, which obviously made a large blockchain extremely problematic.

Both issues were solved long ago.


What are you talking about? The GUI has been under active development. You can literally pull it and compile the development version here: https://github.com/mbg033/monero-core


An enormous portion of it (tens of thousands of lines of code) has been rewritten or heavily modified. Your statement isn't remotely accurate any more.


Exactly right. Please visit the Monero threads here, the Monero web site, forum, Slack, IRC, telegram, etc. to get accurate information.


Probably not in practice. Given lost coins the supply will reach an equilibrium at some fixed amount (probably around 30 million coins) and stop growing. Read more here


Speculation and price talk thread is here

Nostalgia. https://vid.me/ima7

Monero transactions are going through. Many of them. I don't know if it is a new record (ignoring spam attacks) but it is impressive.

That's the payment ID. Click the little link underneath it that says "Show deposit address"

Then, when sending make sure to use both.

It depends on use case but that is often correct. For a public entity like a business or exchange it is okay to do, and then use payment ids (or preferably integrated addresses) for each individual customer or order. In general, if people already know who they are paying, then it is okay the use a single address.

Some kind of support for multiple wallets/addresses is planned for the future but I think not in the first release, so yes you will have to handle that yourself.

Troll on. The only "many hints" was one paid blog post in 2014 that was absolutely crap in terms of sources and substance.

With FUD like that he was probably buying. Nice trade klee.

Nothing to worry about. It is very simple cryptography that even a fifth grader can understand, no way anything sinister could possibly be hidden in there. Worrying about the Mossad here is like worrying about some back door in openssl. /s

Information, screen shots, and build instructions here: https://www.reddit.com/r/Monero/comments/4z1hmk/monero_core_gui/

No, you have to figure that out for yourself depending on your resources and costs. Everyone's situation is different. Though historically when there has been a BIG price increase like this mining has often been profitable for many.

You can use new names. The account will be created when you mine a PoW. I don't know about using the same keys. In theory I think it should work. I always used different keys when I was mining.

Legalities aside I would consider it an admirable and heroic form of protest.

Take only the risks you understand and are comfortable with.

Home again.

The list of here today, gone tomorrow fads cycling through that list is long. Monero abides.

You can run in low-memory mode, which reduces memory requirements to about 2 GB currently. Add -DLOW_MEMORY_NODE=ON -DENABLE_CONTENT_PATCHING=OFF to cmake when building it. Also disable the account_history_plugin (in config file) unless you need it.

Over time it is definitely going to require high end hardware to run a node. Most users (if not using the web site) will need to be using remote nodes with thin clients.


chat has been moved from slack to rocket chat: https://steemit.chat

Are you sure it isn't syncing? Check output of print_cn command

There was a very brief (as in one or two days) pump to 0.01 when the coin was added to Mintpal. Other than that the current price is close to the high end of the trading range since the beginning.


Depending on your electricity costs it may be. Historically whenever there has been a rapid rise in price, as has happened recently, mining has been reasonably profitable. It is also possible to mine on CPUs.

This gives a good idea how significant this is. I'm sure it is not uncommon (emphasis added):

How many people are actually signing up (and then bailing)?

I still believe rather strongly that most of the signups are scammers. I believe this more strongly after looking at the account names being created. Steemit is paying $3 per account, but they are paying a lot more than that per actual user. That may also be a problem.

It is on my agenda to analyze the blockchain to come up with better metrics for things like people starting to blog and then quitting.

Most people can't blog, and never will be able to blog, and never will earn a lot under any reasonably conceivable system, but the successful bloggers who have joined don't seem to quit, and as long as they are still blogging, their readers are still reading. That may be partially a function of unsustainable early adopter rewards though.

That indicates to me the content is probably not being compressed, or the transaction encoding is pretty loose (most transactions are votes), or both. That's a pretty high compression ratio for a blockchain considering that signatures and hashes aren't compressible. I guess that leaves room for improvement in the future.

Yeah, it's really a blockchain, but as an explorer steemd.com is pretty stylized (sort of a cross between a block explorer and a read-only platform client).

You can view blocks like this:

https://steemd.com/b/4272914

Or transactions like this:

https://steemd.com/tx/1f49520b04157f2b461ac5d3c31d8c621903f9aa

There is a more coinventional-looking chain explorer under development I believe.

Also, richlist:

https://steemd.com/richlist