[XMR] Monero Speculation

[Hueristic]

When will the monero come back to the top 10?

Looks like it might drop to the bottom ten!

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

Is it True?

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[smooth]

When will the monero come back to the top 10?

Looks like it might drop to the bottom ten!

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.

[cAPSLOCK]

When will the monero come back to the top 10?

Looks like it might drop to the bottom ten!

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.

What about the idea of integrating Microsoft's (lol) ZK techniques?  That is a thing too, yes?

[infofront]

Yes - there's a good chance Monero will eventually move to zk snarks, starks, or other.

[smooth]

When will the monero come back to the top 10?

Looks like it might drop to the bottom ten!

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.

What about the idea of integrating Microsoft's (lol) ZK techniques?  That is a thing too, yes?

Longer term potentially. This new CLSAG is about ready to deploy now, pending code and cryptography audits.

[Hueristic]

When will the monero come back to the top 10?

Looks like it might drop to the bottom ten!

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.

What about the idea of integrating Microsoft's (lol) ZK techniques?  That is a thing too, yes?

Longer term potentially. This new CLSAG is about ready to deploy now, pending code and cryptography audits.

That should be enough for M$ to co-op the tech and bundle in into win 11, no need for ZK.

Monero could be the next Stacker!
Windows integrated DBLMonero!

[Febo]

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

[cAPSLOCK]

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon.  I doubt Monero ever catches up.

What is important is Monero KEEPS up.

[Globb0]

Why Im not worrying, this guy is my new hero  (woodser)


https://youtu.be/TEWloLhVHWQ?t=2801

[Hueristic]

Why Im not worrying, this guy is my new hero  (woodser)


https://youtu.be/TEWloLhVHWQ?t=2801

Who is who in that video?

There should be a list in the summary.

[Globb0]

I don't mind. I'm glad someone cares about the core issues. Ease of integration, reuse and standardisation.

We need plugging into Monero to be easy. For all.


This is the real deal for integration and utilisation.



Thank you Woodser!

[joroz]

I miss aminorex.

I wish he will come back.

You can get your fix here.

https://mobile.twitter.com/aminorex

[bitcon]

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon.  I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

[Hueristic]

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon.  I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

Well that's quite specific, any reason why?

[Febo]

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon.  I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

Actually in 2016 Monero was the best runner. If 2019 is new 2015, then 2020 will be Monero 2016 over again.

[BuHoBeH]

Need to mine or buy and HOLD XMR over long distances

[qwizzie]

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?
I'm speculating it does not.

[cAPSLOCK]

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

This has been a topic for years for Monero.  The more ethics neutral / anarchist side of the argument is Botnets secure the network, period.

But I also think there are other aspects that can be considered, such as Monero mining scripts instead of paywalls.

Anyway, it's all a big experiment, yes? 

[Hueristic]

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.

[qwizzie]

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

[img witdh=20]https://i.imgur.com/Lcoyf4Z.jpg[/img]

Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.

The problem with having botnets securing the network is that botnets do not have the best interest of the network at heart like normal miners do.
Miners in general behave in a way thats beneficiary for them and do not hurt their network. Botnets basicly change miner behaviour from
honest mining to selfish mining. I prefer honest mining (Bitcoin) over selfish mining (Botnet-Driven Network) any day.

Then one has to wonder if this will all be for nothing anyways, this struggle against the natural evolution of mining (ASIC).
Just my two cents on the matter...