[XMR] Monero - A secure, private, untraceable cryptocurrency

[MeGold666]

If the US government obtains 70% of hashpower and use it to mine mine empty blocks, effectively censoring
the users of Monero. Would you like to pay the government 0.6 XMR for every block in which you were not able
to transact? I think that the majority of users wouldn't like to pay a dime for censorship.

Emission of new coins should only be the means of permissionless distribution of coins and thus should last for a limited
number of months / years. It is a fallacy to claim that it ensures security.

Tail emission ensures security and what you're saying makes no sense my friend.

Before you continue with your train of thought, please watch this:
https://www.youtube.com/watch?v=sRwSqM0YBto

[2Q9acN]

Tail emission ensures security and what you're saying makes no sense my friend.

The only thing it ensures is the refund of the cost of the majority hashpower attack. Reward for your censor, for your oppressor - that's what it ensures.

Reference:
https://voskuil.org/cryptoeconomics/cryptoeconomics.pdf

[MeGold666]

The only thing it ensures is the refund of the cost of the majority hashpower attack. Reward for your censor, for your oppressor - that's what it ensures.

Reference:
https://voskuil.org/cryptoeconomics/cryptoeconomics.pdf

You are missing the point by a mile, listen to some ArticMine interviews about scalability.

[Hueristic]

Tail emission ensures security and what you're saying makes no sense my friend.

The only thing it ensures is the refund of the cost of the majority hashpower attack. Reward for your censor, for your oppressor - that's what it ensures.

Reference:
https://voskuil.org/cryptoeconomics/cryptoeconomics.pdf

This is all I need to know about Voskuil.

Both BeyondTrust and the employees from DesktopStandard who will now work within Microsoft's Windows Enterprise Management Division will remain in offices in Portsmouth, New Hampshire, Voskuil said. Prior to the acquisition, DesktopStandard had two offices in Portsmouth; Microsoft will take over one, and BeyondTrust will occupy the other.

[2Q9acN]

This is all I need to know about Voskuil.

My argument (or equally Eric's argument with regard to Bitcoin's coinbase reward) is valid. Please show me that I am wrong. 

[Hueristic]

This is all I need to know about Voskuil.

My argument (or equally Eric's argument with regard to Bitcoin's coinbase reward) is valid. Please show me that I am wrong. 

MeGold666 already did, your nothing but a waste of time so welcome to the ignore list.

[jwinterm]

This is all I need to know about Voskuil.

My argument (or equally Eric's argument with regard to Bitcoin's coinbase reward) is valid. Please show me that I am wrong. 

Peter Todd says your wrong too:
https://www.youtube.com/watch?v=-Dy4DeVhk_g

[2Q9acN]

Peter Todd says your wrong too:
https://www.youtube.com/watch?v=-Dy4DeVhk_g

He says very little of recovering from the majority hashpower attack.

Lets assume tomorrow XMR suffers from the majority hashpower attack as the result of government control of the four largest pools. The attacker has now 90% of hashpower
and is now mining 90% of blocks (mostly empty blocks, the only transactions included are some whitemarket KYC-ed transactions and the ones of selling for fiat 0.6 xmr of coinbase reward from the tail emission in order to recoup the cost of electricity, the hardware atc.).
The pool of unconfirmed transaction rises with fees incentivizing the black market miners, and they are now able to mine every one in ten blocks. But under the dynamic blocksize rule set they are likely to loose the 0.6xmr of the base reward because their blocks are going to be much larger than the empy blocks mined by the hostile miner.

Let's divide mining into three types:
1. Miners reward = base reward + fees (Bitcoin now)
2. Miners reward = conditional on the blocksize base reward + fees (XMR now)
3. Miners reward comes entirely from fees alone. (Kaspa after 2037 and BTC in the very distant future).

It should be the easiest to recover from the majority hashpower attack in third type. Cases 1. and 2. are more difficult.

P.S. What gives me hope is the culture of XMR and Kaspa when compared with BTC that is conducive to hard-forking upgrades. When under attack
XMR may hard-fork and strip the reward in order to overpower the censor. BTC is very unlikely to do this.  

[MeGold666]

@2Q9acN:

If you think your approach is smarter go ahead and fork Monero, no one is stopping you.

Meanwhile we will continue with tail-emission.

[jwinterm]

Peter Todd says your wrong too:
https://www.youtube.com/watch?v=-Dy4DeVhk_g

He says very little of recovering from the majority hashpower attack.

Lets assume tomorrow XMR suffers from the majority hashpower attack as the result of government control of the four largest pools. The attacker has now 90% of hashpower
and is now mining 90% of blocks (mostly empty blocks, the only transactions included are some whitemarket KYC-ed transactions and the ones of selling for fiat 0.6 xmr of coinbase reward from the tail emission in order to recoup the cost of electricity, the hardware atc.).
The pool of unconfirmed transaction rises with fees incentivizing the black market miners, and they are now able to mine every one in ten blocks. But under the dynamic blocksize rule set they are likely to loose the 0.6xmr of the base reward because their blocks are going to be much larger than the empy blocks mined by the hostile miner.

Let's divide mining into three types:
1. Miners reward = base reward + fees (Bitcoin now)
2. Miners reward = conditional on the blocksize base reward + fees (XMR now)
3. Miners reward comes entirely from fees alone. (Kaspa after 2037 and BTC in the very distant future).

It should be the easiest to recover from the majority hashpower attack in third type. Cases 1. and 2. are more difficult.

P.S. What gives me hope is the culture of XMR and Kaspa when compared with BTC that is conducive to hard-forking upgrades. When under attack
XMR may hard-fork and strip the reward in order to overpower the censor. BTC is very unlikely to do this.  

Oh I see, you are trying to affinity scam Kaspa by lumping it with Monero. Kaspa is a ninja mine scam orchestrated by Genesis Mining and bitmain - 90% of coins emitted in first 18 months, during which time bitmain was testing out their ASICs that they somehow magically had ready to ship 18 months after launch of this nano ripoff with proof of work tacked on. Kaspa is a scam and you're a scammer. Of you want Monero with no tail emission you can use wownero or launch another fork. Or use BTC. Or about at least prob 1000 other projects that are less of a scam than the bitmain Chinese instamine scam you're trying to come into this thread and subtle shill.

[MeGold666]

Government, competition and other idiots:

[FAILED] FUD attack...
[FAILED] Spam attack...
[FAILED] Price attack...
[FAILED] Mining attack...

At some point they will have to swallow it, Monero is here to stay and it will only grow stronger.

[2Q9acN]

Let us not continue this exchange here. I reckon, this thread is for announcements and I don't want to crowd them out.

[jwinterm]

Let us not continue this exchange here. I reckon, this thread is for announcements and I don't want to crowd them out.

You're the one that showed up to shill the instamine chinese scam coin known as Kaspa, if you would like to discontinue this exchange here then you could just fuck right off...

[jwinterm]

For those who want a high degree of privacy, monero is the best choice but it is not completely anonymous if you use centralized channels, slowly the large exchanges are starting to delist it under pressure from various governments but it still remains a good alternative for those who don't want to show their financial movements

It is the best choice among existing coins that already have significant adoption. That said, after Monero becomes delisted and perhaps banned in the future by governments, some governments may be interested in co-opting it by mining it in a pool in order to gain majority hashpower. As the emission part of the block reward does not contribute to the censorship resistance, an upgrade that cap / stop the emission of new xmr would make Monero more censorship-resistant and would make dealing with hostile miner attacks easier. Recall the attack on Grin). The developers of the coins like Kaspa or Wownero understand this threat - there is no tail emission of these coins.

Kaspa is a Bitmain+Genesis Mining scam and this guy is repeatedly trying to shill his scam (Kaspa) alongside no scam coins like XMR. Don't fall for his garbage, kaspa is a total scam:

https://bitcointalk.org/index.php?topic=3088712.new#new

[2Q9acN]

Kaspa is a Bitmain+Genesis Mining scam and this guy is repeatedly trying to shill his scam (Kaspa) alongside no scam coins like XMR [...]

I am not a fan of Kaspa for reasons unrelated to coin distribution.  I like Wownero .  

[johnfoss]

THE MONERO MOON (ISSUE 69) NEWSLETTER IS OUT NOW!

https://www.themoneromoon.com/p/the-monero-moon-issue-69

[postcd]

Hello, there is a default connection setting "Switch to Tor after initial synchronization" when you have Tor proxy enabled inside Feather wallet 2.6.7.
Is it anonymous to synchronize Monero blockchain with the wallet outside of the Tor network? I was wondering if i am leaking any identifiable information beside my IP and connection time which i doubt can be useful in correlation to my wallet/funds.
Thank you

[jwinterm]

Hello, there is a default connection setting "Switch to Tor after initial synchronization" when you have Tor proxy enabled inside Feather wallet 2.6.7.
Is it anonymous to synchronize Monero blockchain with the wallet outside of the Tor network? I was wondering if i am leaking any identifiable information beside my IP and connection time which i doubt can be useful in correlation to my wallet/funds.
Thank you

I think you can find active support for feather on their channel, #feather I think, on OFTC IRC network.

[Knight Hider]

Hello, there is a default connection setting "Switch to Tor after initial synchronization" when you have Tor proxy enabled inside Feather wallet 2.6.7.
Is it anonymous to synchronize Monero blockchain with the wallet outside of the Tor network? I was wondering if i am leaking any identifiable information beside my IP and connection time which i doubt can be useful in correlation to my wallet/funds.
Thank you

Your IP is all that's shared. It takes longer, but I use Tor from the start.

[postcd]

Your IP is all that's shared. It takes longer, but I use Tor from the start.

Thank you. Quoting from https://docs.featherwallet.org/guides/nodes

However, a malicious remote node can:

-    execute an attack that may reveal the true input of a transaction. This attack does not reveal how much is spent or to whom. This attack has a low chance of succeeding and Feather will warn you if it detects this attack.
-    make your outgoing transactions stick out by manipulating the transaction fee that you pay.
-    associate your outgoing transactions with your IP address (but only if all traffic is routed through clearnet, see Tor support for more information. By default, transactions are broadcast over Tor.)