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[XMR] Monero - A secure, private, untraceable cryptocurrency
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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4547730 times)
equipoise
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March 17, 2019, 01:19:09 PM
 #40721

Hi Monero community, I know anonymint spreads misinformation, but before I debate with a user who posted this blog's link in a Lightning Network topic, I would like to know more if the statement quoted, and bolded is true.

https://steemit.com/blockchain-scaling/@anonymint/lightning-networks-must-fail-if-it-succeeds

Quote

Monero’s adaptive block size protocol doesn’t prevent the destruction of the transaction fee market because without the minimum transaction fee periodically adjusted by centralized control (the same @fluffypony centralized control that is recently changing the PoW every ~6 months in a futile attempt to defeat ASICs) promotes the block size to increase so that transaction fees decline to ~0 (i.e. to miners’ negligible incremental costs for adding additional transactions).


Is there a "minimum transaction fee" adjusted by centralized control?

Start your research here: https://ww.getmonero.org/2017/12/11/A-note-on-fees.html, but keep in mind that 1) "Monero uses high xmr/KB fees in order to prevent blockchain bloat" and 2) "Monero fees fall to almost zero after Bulletproofs upgrade"

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[XMR] Monero - A secure, private, untraceable cryptocurrency: 4AyRmUcxzefB5quumzK3HNE4zmCiGc8vhG6fE1oJpGVyVZF7fvDgSpt3MzgLfQ6Q1719xQhmfkM9Z2u NXgDMqYhjJVmc6KX
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March 17, 2019, 03:56:22 PM
 #40722

Hi Monero community, I know anonymint spreads misinformation, but before I debate with a user who posted this blog's link in a Lightning Network topic, I would like to know more if the statement quoted, and bolded is true.

https://steemit.com/blockchain-scaling/@anonymint/lightning-networks-must-fail-if-it-succeeds

Quote

Monero’s adaptive block size protocol doesn’t prevent the destruction of the transaction fee market because without the minimum transaction fee periodically adjusted by centralized control (the same @fluffypony centralized control that is recently changing the PoW every ~6 months in a futile attempt to defeat ASICs) promotes the block size to increase so that transaction fees decline to ~0 (i.e. to miners’ negligible incremental costs for adding additional transactions).


Is there a "minimum transaction fee" adjusted by centralized control?

He's being disingenuous, sure we added bulletproofs (which had the desired side effect of lower fees) during a scheduled update and we would probably add any safe method to lower fees and or bloat during a scheduled update but calling that centralized is a joke.

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March 18, 2019, 06:35:44 AM
 #40723

Hi Monero community, I know anonymint spreads misinformation, but before I debate with a user who posted this blog's link in a Lightning Network topic, I would like to know more if the statement quoted, and bolded is true.

https://steemit.com/blockchain-scaling/@anonymint/lightning-networks-must-fail-if-it-succeeds

Quote

Monero’s adaptive block size protocol doesn’t prevent the destruction of the transaction fee market because without the minimum transaction fee periodically adjusted by centralized control (the same @fluffypony centralized control that is recently changing the PoW every ~6 months in a futile attempt to defeat ASICs) promotes the block size to increase so that transaction fees decline to ~0 (i.e. to miners’ negligible incremental costs for adding additional transactions).


Is there a "minimum transaction fee" adjusted by centralized control?

Start your research here: https://ww.getmonero.org/2017/12/11/A-note-on-fees.html, but keep in mind that 1) "Monero uses high xmr/KB fees in order to prevent blockchain bloat" and 2) "Monero fees fall to almost zero after Bulletproofs upgrade"


Ok, thanks.

Hi Monero community, I know anonymint spreads misinformation, but before I debate with a user who posted this blog's link in a Lightning Network topic, I would like to know more if the statement quoted, and bolded is true.

https://steemit.com/blockchain-scaling/@anonymint/lightning-networks-must-fail-if-it-succeeds

Quote

Monero’s adaptive block size protocol doesn’t prevent the destruction of the transaction fee market because without the minimum transaction fee periodically adjusted by centralized control (the same @fluffypony centralized control that is recently changing the PoW every ~6 months in a futile attempt to defeat ASICs) promotes the block size to increase so that transaction fees decline to ~0 (i.e. to miners’ negligible incremental costs for adding additional transactions).


Is there a "minimum transaction fee" adjusted by centralized control?

He's being disingenuous, sure we added bulletproofs (which had the desired side effect of lower fees) during a scheduled update and we would probably add any safe method to lower fees and or bloat during a scheduled update but calling that centralized is a joke.


What would be your counter-argument be on anonymint's "disingenuousness"?

I know that he's using Monero's policy of its bi-annual hard fork schedule as his debate that it's a centralized control on how much fees there should be on your the network, but I want to hear an agitated response. Hahaha.


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March 18, 2019, 03:06:11 PM
 #40724

Hi Monero community, I know anonymint spreads misinformation, but before I debate with a user who posted this blog's link in a Lightning Network topic, I would like to know more if the statement quoted, and bolded is true.

https://steemit.com/blockchain-scaling/@anonymint/lightning-networks-must-fail-if-it-succeeds

Quote

Monero’s adaptive block size protocol doesn’t prevent the destruction of the transaction fee market because without the minimum transaction fee periodically adjusted by centralized control (the same @fluffypony centralized control that is recently changing the PoW every ~6 months in a futile attempt to defeat ASICs) promotes the block size to increase so that transaction fees decline to ~0 (i.e. to miners’ negligible incremental costs for adding additional transactions).


Is there a "minimum transaction fee" adjusted by centralized control?

Start your research here: https://ww.getmonero.org/2017/12/11/A-note-on-fees.html, but keep in mind that 1) "Monero uses high xmr/KB fees in order to prevent blockchain bloat" and 2) "Monero fees fall to almost zero after Bulletproofs upgrade"


Ok, thanks.

Hi Monero community, I know anonymint spreads misinformation, but before I debate with a user who posted this blog's link in a Lightning Network topic, I would like to know more if the statement quoted, and bolded is true.

https://steemit.com/blockchain-scaling/@anonymint/lightning-networks-must-fail-if-it-succeeds

Quote

Monero’s adaptive block size protocol doesn’t prevent the destruction of the transaction fee market because without the minimum transaction fee periodically adjusted by centralized control (the same @fluffypony centralized control that is recently changing the PoW every ~6 months in a futile attempt to defeat ASICs) promotes the block size to increase so that transaction fees decline to ~0 (i.e. to miners’ negligible incremental costs for adding additional transactions).


Is there a "minimum transaction fee" adjusted by centralized control?

He's being disingenuous, sure we added bulletproofs (which had the desired side effect of lower fees) during a scheduled update and we would probably add any safe method to lower fees and or bloat during a scheduled update but calling that centralized is a joke.


What would be your counter-argument be on anonymint's "disingenuousness"?

I know that he's using Monero's policy of its bi-annual hard fork schedule as his debate that it's a centralized control on how much fees there should be on your the network, but I want to hear an agitated response. Hahaha.

I dont fully understand your question. But in general everything that was written in protocol and I am talking here of Bitcoin or Monero it was written by some person. We the rest can comply with it or write it better and convince others why this is better.  
Monero fee cant be to small because then you could dust attack Monero network as it happened in Autumn 2014. Usually protocol changes are made to make Monero network more secure and ledger less transparent. And this two are only central Monero bosses. You cant have money that is not secure and if having transparent ledger then there is no point for Monero to exist in the first place.

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March 19, 2019, 04:55:29 AM
Merited by Wind_FURY (1)
 #40725


What would be your counter-argument be on anonymint's "disingenuousness"?

I know that he's using Monero's policy of its bi-annual hard fork schedule as his debate that it's a centralized control on how much fees there should be on your the network, but I want to hear an agitated response. Hahaha.

I don't get paid enough (actually not at all) to argue.

All the Devs went to Redditt, ask there.

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March 20, 2019, 03:49:10 AM
 #40726

How to mine Monero (cryptonight/r) with XMRigCC AMD GPU miner

https://youtu.be/DtbvVsradTQ


How to mine Monero (cryptonight-r) with XMRig AMD GPU miner

https://youtu.be/rP-_don0jXA
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March 20, 2019, 09:15:09 AM
 #40727

Monero is one of the most-forked coins.
There are lots of scam or useless forked coins from Monero, so it is amazingly to see Monero have beaten all of those forks to be a unique one in bunches of Cryptonote/ Cryptonight algorithm-used coins.
I love my Monero.

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March 20, 2019, 10:12:58 AM
 #40728

Hello, I have downloaded and installed GUI v0.14 but I have a problem when using it my Ledger Nano S.

When I try to log in on this new version, I get the error message: "Wrong Device Status : SW=6e00 (EXPECT = 9000, Mask = ffff)"

But when I use with the same device (and same USB cable) to log in on GUI v0.13.4, I have not this problem and I am able to log in.
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March 20, 2019, 10:51:45 AM
Merited by Hueristic (1)
 #40729

Hello, I have downloaded and installed GUI v0.14 but I have a problem when using it my Ledger Nano S.

When I try to log in on this new version, I get the error message: "Wrong Device Status : SW=6e00 (EXPECT = 9000, Mask = ffff)"

But when I use with the same device (and same USB cable) to log in on GUI v0.13.4, I have not this problem and I am able to log in.

A few tips:

1. Make sure your Ledger Live firmware is v1.5.5

2. Make sure your Ledger Monero app is v1.2.2

3. Make sure you are using GUI v0.14.0.0

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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March 20, 2019, 12:35:54 PM
Last edit: March 21, 2019, 12:01:37 PM by Kryptowerk
 #40730

I am selling posters (and postcards, see signature) here: https://bitcointalk.org/index.php?topic=5102596.0

Decided to give away 5 Monero posters for FREE if you can guarantee to hang it in a (semi) public (and secure) place. Like a café, restaurant, library, shop etc.
It must be clearly visible to visitors. Shipping costs may still apply depending on the country you live in.

If you can fulfill these requirements, please contact me (post in my thread). If you have red trust or are a new member I will not accept your request. You also must submit proof for the location you will hang it.


||     Best crypto investment advice: Invest in your education. Watch Andreas Antonopoulos.     ||
||  My art projects: CRYPTO COSMOS: A Cryptocurrency Card Game  |  Monero XMR Postcards | Poster  | BTC postcardsThe Great Bitcoin Hatching: Massive artwork (limited metal plate print)  ||
||  Community Crypto Project: Bitcore BTX - hybrid fork with SegWit support and 10 MB blocks  ||
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