The impact of bad crypto (DASH, SDC, etc). How much does math matter?

[AlexGR]

The FRAUD and SCAM exposed:

https://github.com/monero-project/bitmonero

Introduction

Monero is a private, secure, untraceable currency. You are your bank, you control your funds, and nobody can trace your transfers unless you decide so.

The "brochure" is fraudulent.

The claims are false.

This is false marketing with dangerous RL consequences.

XMR #REKT
XMR #verybadcrypto

[AlexGR]

The typical btc tx is around 0.3kb

It's not. It is closer to 0.5KB-1 KB, in some blocks >1 KB

Look at the recent blocks.

It's the new spam vector

[smooth]

The typical btc tx is around 0.3kb

It's not. It is closer to 0.5KB-1 KB, in some blocks >1 KB

Look at the recent blocks.

It's the new spam vector

Every chain has a degree of spam, that's included in the 2.5 GB Monero chain as well. In reality the 7 TPS benchmark (which comes to 240 bytes) for Bitcoin just turned out to be an unrealistic ideal scenario, or at least unrealistic unless extreme transaction packing efficiency is forced by high tx fees. But that too applies to every chain in various ways. For example here is a mix 4 transaction that is only 758 bytes. If people really cared about fees, transactions would likely be constructed in a more compact manner. YMMV.

http://moneroblocks.info/tx/9fd92998d3bfef59b86aeb09f29746eaf0f49846736965533714800be0eaa31e

[AlexGR]

The typical btc tx is around 0.3kb

It's not. It is closer to 0.5KB-1 KB, in some blocks >1 KB

Look at the recent blocks.

It's the new spam vector

Every chain has a degree of spam, that's included in the 2.5 GB Monero chain as well. In reality the 7 TPS benchmark (which comes to 240 bytes) for Bitcoin just turned out to be an unrealistic ideal scenario, or at least unrealistic unless extreme transaction packing efficiency is forced by high tx fees. But that too applies to every chain in various ways. For example here is a mix 4 transaction that is only 758 bytes. If people really cared about fees, transactions would likely be constructed in a more compact manner. YMMV.

http://moneroblocks.info/tx/9fd92998d3bfef59b86aeb09f29746eaf0f49846736965533714800be0eaa31e

I guess it's solvable by higher fees that promote more efficient ways to use the blockchain but then you have to face the social-engineering attack vector "ohh my gawd these fee increases are killing adoption", etc etc.

[generalizethis]

I find it fascinating how Alex misses that the worse he tries to make Monero look, the worse dash looks--I never asked for NSA proof transactions, nor was I promised them, but I would like protection from non-state actors, and if the right network evolves within I2p or TOR or something else, then a coin that can be NSA proof would be even better, so no dash, yes Monero.

Regarding Monero's anonymity, do you stand by the statement you've expressed below in the past (regarding broken anonymity due to metadata correlation)?

Cryptonote was created by anonymous people. Even Monero's cryptographer is anonymous. Who created this anonymity that is easily broken by meta-data. I don't know if that is circumspect or just the way the world turns.

Against the NSA yes I stand by the assertion that IP address correlation unmasks, overlapping rings unmask, etc. It all adds up if you are trying to hide from governments, then I don't trust Monero or any anonymous coin. Notice I wrote "privacy" and not anonymity in prior post upthread. For privacy, I think Monero is suitable and Dash is not (because not autonomous End-to-End).

[AlexGR]

I never asked for NSA proof transactions, nor was I promised them, but I would like protection from non-state actors, and if the right network evolves within I2p or TOR or something else, then a coin that can be NSA proof would be even better, so no dash, yes Monero.

What part of "untraceable" and "nobody" don't you get?

..."nobody can trace your transfers unless you decide so"

Yeah, well, I didn't decide that I wanted the government to know what I'm transacting

Monero #SCAM #REKT  
XMR #snakeoil 

[generalizethis]

I never asked for NSA proof transactions, nor was I promised them, but I would like protection from non-state actors, and if the right network evolves within I2p or TOR or something else, then a coin that can be NSA proof would be even better, so no dash, yes Monero.

What part of "untraceable" and "nobody" don't you get?

..."nobody can trace your transfers unless you decide so"

Yeah, well, I didn't decide that I wanted the government to know what I'm transacting

Monero #SCAM #REKT  
XMR #snakeoil 

Again, you're conflating metadata that requires your OSPEC to be on point and the network you are interacting with not to leek information with Monero's technology--so this is like blaming a car company for traffic accidents caused by the absence of a stop sign. The car company can only do so much, but in dash's case they forgot the airbags and brakes.

Against the NSA yes I stand by the assertion that IP address correlation unmasks, overlapping rings unmask, etc. It all adds up if you are trying to hide from governments, then I don't trust Monero or any anonymous coin. Notice I wrote "privacy" and not anonymity in prior post upthread. For privacy, I think Monero is suitable and Dash is not (because not autonomous End-to-End).

[TPTB_need_war]

Well you are both right, lol.

Let AlexGR have his small point victory. Perhaps Monero could put an * footnote on their slogan.

The larger more salient point is generalizethis'.

[generalizethis]

Well you are both right, lol.

Let AlexGR have his small point victory. Perhaps Monero could put an * footnote on their slogan.

The larger more salient point is generalizethis'.

I wonder if Alex was a king in a previous life--maybe King of Epirus? 

[TPTB_need_war]

Well you are both right, lol.

Let AlexGR have his small point victory. Perhaps Monero could put an * footnote on their slogan.

The larger more salient point is generalizethis'.

I wonder if Alex was a king in a previous life--maybe King of Epirus?  

Or Liberland's 7 km² delta.

I am just joking because any animosity/tension I had felt with AlexGR seems to have grown wings and flown away.

[AlexGR]

Animosity is not good. We're just having fun here with our altcoins (or "shitcoins" for others - depending one's view I guess)

Just 5 minutes of anger can cause one's immune system to underperform for up to 7-10 hours or so.

On the other hand, 5 minutes of loving feelings (gratitude, appreciation) can have the same positive effect to the immune system, extending for several hours.

The "battle mode" that one might engage in while foruming and debating in troll threads, is not really conductive to one's health. It must be viewed as a fun exercise.

[TPTB_need_war]

Animosity is not good. We're just having fun here with our altcoins (or "shitcoins" for others - depending one's view I guess)

Just 5 minutes of anger can cause one's immune system to underperform for up to 7-10 hours or so.

On the other hand, 5 minutes of loving feelings (gratitude, appreciation) can have the same positive effect to the immune system, extending for several hours.

The "battle mode" that one might engage in while foruming and debating in troll threads, is not really conductive to one's health. It must be viewed as a fun exercise.

Three beers to that :lifting mugs:

[generalizethis]

Animosity is not good. We're just having fun here with our altcoins (or "shitcoins" for others - depending one's view I guess)

Just 5 minutes of anger can cause one's immune system to underperform for up to 7-10 hours or so.

On the other hand, 5 minutes of loving feelings (gratitude, appreciation) can have the same positive effect to the immune system, extending for several hours.

The "battle mode" that one might engage in while foruming and debating in troll threads, is not really conductive to one's health. It must be viewed as a fun exercise.

My father was a genius (he was a code breaker during WWII and into the Korean War) and my mother was a schizophrenic, and while my father's logic skill set and knowledge base were vastly superior to my Mother's, she regularly won arguments by using emotional triggers to get him out of his game--that education has served me well for BCT (don't let the them anger or frustrate you with the same invalidated points over and over again or attempt to steal the narrative, but find creative and efficient ways to bolster the important points, and when they just hand you one, well....).

[AlexGR]

Animosity is not good. We're just having fun here with our altcoins (or "shitcoins" for others - depending one's view I guess)

Just 5 minutes of anger can cause one's immune system to underperform for up to 7-10 hours or so.

On the other hand, 5 minutes of loving feelings (gratitude, appreciation) can have the same positive effect to the immune system, extending for several hours.

The "battle mode" that one might engage in while foruming and debating in troll threads, is not really conductive to one's health. It must be viewed as a fun exercise.

Three beers to that :lifting mugs:

[smoothie]

Unlike people wasting their time on forums mudslinging, Evan uses his time to code the next features of DASH.

You mean like yourself? lol 

You Dash supporters should get a career in standup comedy as I'm rolling everytime you folks post something on this forum.

[smoothie]

Ladies & Gentlemen, I present to you the Toknormal Memorial DashHole Ignorance Hall of Fame.   

Gold is a public blockchain

Cryptography has never been a significant part of cryptocurrency - even though it may share the first few letters.

ROFL!

Yup and silver is also public as well. Would love to see ALL balances of silver holdings of every person on planet earth and alien's in other solar systems as well.

Thanks ahead of time Tok!

[smoothie]

Now that you quoted the entire post, does it change the fact that he says BITCOIN IS A BROKEN DESIGN?

FTFY

Now apologize for misreading and misquoting what was pretty obvious for anyone with high school reading skills.

Yeah because if he considers bitcoin as "broken" due to its scaling which is 10 times better than monero, then monero ...isn't broken

Dat logic.

And he also asserted time and time again (even two posts above) that the anonymity is broken against the state due to metadata correlation.

Against the NSA yes I stand by the assertion that IP address correlation unmasks, overlapping rings unmask, etc. It all adds up if you are trying to hide from governments, then I don't trust Monero or any anonymous coin.

#badycrypto XMR  

Sigh, he also said dash is the worst of the three, so if you're going to use him as an authority figure, you have to accept that analysis. The enemy of my enemy is my friend until they become friends with my enemy because they just don't like you very much.

Smooth has pointed out that metadata isn't the problem that Monero was designed to solve and it's still up for I2p and TOR and other anonymous networks to prevent metadata collection. Dash doesn't even solve the problem that Monero solves and dash even finds ways to create new problems, like having an instamine and node incentives aggregate power into the form of an oligarchy.

You folks may be wasting your time arguing and going back and forth with people who are all about diversions.

Once they attempt to make a point and have it debunked by their either conscious or ignorant nature they instantly change the subject and point in another direction while not admitting to their obvious faults and flaws in logic and in reality.

[TPTB_need_war]

Gold is a public blockchain

One must admit that is a crowning achievement.     (all in jest and joke, no animosity)

[toknormal]

Actually, the public blockchain is a very good analogy for gold. Both derive their value from a public consensus endorsement through repeated shared experience.

In gold's case, it has a public "address" in the periodic table and the physical manifestation of that address is exposed to repeated validation by the whole of society over centuries.

An obscured blockchain can never achieve that level of network effect because......obscured LoL !  

One holder sees one address. Another holder sees another address and non-holders see nothing at all. No shared experience. No shared consensus. No shared value.

It works for backed money (e.g. fiat transport & CT sidechains). But as unbacked money is about as effective as a chocolate teapot.

[TPTB_need_war]

Actually, the public blockchain is a very good analogy for gold.

Got to give credit where credit is due, TikTok ain't no lone 'backsplaining cowboy because he like any good speculator destined for bankruptcy possesses the skill to double-down after stop-losses have been catapulted into the blogosphere.

Let's dance!

Don't stop, make it pop
DJ, blow my speakers up
Tonight, Imma fight
'Til we see the sunlight
TiK ToK, on the clock
But the party don't stop no
Whoa-oh oh oh
Whoa-oh oh oh