Globb0
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Activity: 2702
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Free spirit
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November 04, 2017, 03:48:06 PM |
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And let's not argue why PoS is a security nightmare.
Whaaat? This is news to me. I would very much like to argue about this. I don't mind a debate. I was only trying to avoid sparking further off-topic discussion from my already off-topic post. Even if proof of stake could work, I'd still question the incentives of anyone who insists on using it in their project. It's essentially a system where the rich become richer with zero risk or opportunity cost. Sounds productive. What a coincidence all the scams in the space are falling all over themselves to support it. As far as the technical challenges with proof of stake, these papers are pretty enlightening: https://download.wpsoftware.net/bitcoin/pos.pdfhttp://bitfury.com/content/5-white-papers-research/pos-vs-pow-1.0.2.pdfAnd as the rich get richer its more vulnerable to a 51% attack. I seem to remember on the older iplementations of POS I also heard you only needed to have ever owned each of the 51% of the coins at some time to do a 51% attack
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TheFuzzStone
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thefuzzstone.github.io
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November 04, 2017, 05:40:00 PM |
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explorer
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Activity: 2016
Merit: 1259
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November 04, 2017, 10:32:31 PM |
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Which rights do your tokens provide its holders with?
The right to transact privately, as you choose. Did you require more? Trolls getting thick on the ground again... building pressure...
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revelacaogr
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2009 Alea iacta est
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November 04, 2017, 11:09:20 PM Last edit: November 04, 2017, 11:51:16 PM by revelacaogr |
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Hawkey42
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Activity: 322
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November 04, 2017, 11:26:01 PM |
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Will try to mine monero. Hopefully it would be profitable.
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TheFuzzStone
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thefuzzstone.github.io
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November 04, 2017, 11:51:13 PM |
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majestymage
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November 04, 2017, 11:55:01 PM |
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i really can't believe how much the monero has reached in value. and of cource i do not have a good portofolio of XMR
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Hueristic
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Activity: 3948
Merit: 5364
Doomed to see the future and unable to prevent it
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November 05, 2017, 03:32:59 AM |
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And let's not argue why PoS is a security nightmare.
Whaaat? This is news to me. I would very much like to argue about this. I don't mind a debate. I was only trying to avoid sparking further off-topic discussion from my already off-topic post. Even if proof of stake could work, I'd still question the incentives of anyone who insists on using it in their project. It's essentially a system where the rich become richer with zero risk or opportunity cost. Sounds productive. What a coincidence all the scams in the space are falling all over themselves to support it. As far as the technical challenges with proof of stake, these papers are pretty enlightening: https://download.wpsoftware.net/bitcoin/pos.pdfhttp://bitfury.com/content/5-white-papers-research/pos-vs-pow-1.0.2.pdfThanks for those I never had checked into POS security as like you said most POS coins are scams or not viable (as in NXT distribution). Which rights do your tokens provide its holders with?
The right to financial freedom, why do you need more for your money? Sweet once this ball started rolling it has to be the fasted goal yet, we might have to lose the tag soon on this one! This looks really promising! Has the code been vetted?
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Geekphazm
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November 05, 2017, 03:41:55 AM |
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XMR new development or partnership news?
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qianliwen888666
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November 05, 2017, 03:49:39 AM |
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Most traders don't have enough patience to wait, so success only belongs to a handful of confident, firm holders
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Hueristic
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Activity: 3948
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Doomed to see the future and unable to prevent it
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November 05, 2017, 03:57:54 AM |
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XMR new development or partnership news?
multisig and andriod wallet is news I guess.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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smooth
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November 05, 2017, 04:20:28 AM |
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hieu81
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November 05, 2017, 05:29:00 AM |
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dear friend Where i can find this app for iOS I do not have andriod phone! Thanks
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TheFuzzStone
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Activity: 1512
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thefuzzstone.github.io
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November 05, 2017, 08:00:39 AM |
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Where i can find this app for iOS
Soon TM, for now only for Android.
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bitcrypto10101
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November 05, 2017, 11:05:13 AM |
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Interesting. Thank you for info.
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Hueristic
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Doomed to see the future and unable to prevent it
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November 05, 2017, 01:49:27 PM |
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This sounds fantastic! [–]knaccc 15 points 10 hours ago*
StringCT is about ring signatures for referenced inputs, which is a different part of the Monero transaction than the ring signatures used in range proofs. Therefore bulletproofs can be used in Monero whether we stick with RingCT or upgrade to StringCT. By my calculations, bulletproofs will save a minimum of 2 * (6176 - (2 * log_2(52)+9) * 2 * 32) = 8588 bytes per Monero transaction. That's a pretty big deal, given that typical Monero transactions are currently about 13500 bytes in size.
It'd actually result in a much larger reduction than 8588 bytes because range proofs can be aggregated, but I've not yet figured out how to calculate it, since the paper says "O(log m) group elements" (Monero's group elements are 32 bytes each) and I've not read to the end of the paper yet to see if it gets more specific than that.
What kind of gains would we see ontop of that with the pruneing you have been working on? BTW, how is that going? I just don't have time to keep up anymore and even when I try I forget it anyway! BTW just to temper expectations: [–]smooth_xmrXMR Core Team 17 points 8 hours ago
Everyone should be aware (as u/ArticMine noted in a reply) that papers (unclear whether this one is even peer reviewed) and research directions very often do not pan out or otherwise turn out not to be practical for implementation. There is promise here and it is definitely being looked at but it is at a very early stage. It would be a very much a mistake to start beating the drums on "1 KB transactions tomorrow!" just yet.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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satellitestrop
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November 05, 2017, 02:51:04 PM |
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YEAAAH . i like it. 100% it will be hyped.
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Millionero
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November 05, 2017, 03:36:20 PM |
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Last time I tried to send from monerujo wallet, it didn't recognize the integrated address. Not being able to send to integrated addresses is almost a deal killer, for me. Sometimes you have no other option but to use an integrated address; some exchanges only provide integrated addresses for deposits, for example. Is there a way to take an integrated address and break it down into an ordinary address and payment ID?
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Febo
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November 05, 2017, 05:35:50 PM |
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i really can't believe how much the monero has reached in value. and of cource i do not have a good portofolio of XMR If you have BTC then Monero is right now perfect fr you to buy. When highest was over 0.03 now is closer to 0.01 so 3 times cheaper. You seems to had not missed anything since now and maybe few weeks more you will have best chance to still get cheap Moneroj. But what may happen is this might be the last chance.
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