Lee ★!★ Clagett
@vtnerd
Software Developer; Monero Dev. Pro America. Do not take my follow list as an endorsement for their content.
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The 51% attack ... no. With selfish mining and 51% hashrate you get 100% of the blocks because you've perfectly sliced the "target" hashrate in two. Look at the graph in the selfish mining paper for concept. It shows a convergence to 100% revenue with 51% of hashrate.
Monero appears to be in the midst of a successful 51% attack. The privacy-focused blockchain, launched in 2014 and long targeted by governments and 3-letters agencies, is already banned from most major centralized exchanges. The Qubic mining pool has been amassing hashrate for…
Budget Monero mining rig Hashrate: 19,250 H/s Power draw: 142 watts Cost: $607 shipped No more excuses. Start mining.
And to those "liking" this post, I'm primarily hesitant on Tevador's Publish or Perish proposal. His reward-splitting proposal was basically PRS but uncle blocks only (no work shares). After some hard-numbers are calculated, the work-shares might damage sync-time too much.
After people pushed me to rethink Tevador's claims - the PRS is probably the best proposal I've seen. It doesn't eliminate selfish mining or reorgs, but it makes both harder to achieve.
As a PSA: I'm going to prioritize fcmp/carrot in lws this ccs cycle, so if you want to use lws in Monero through the protocol changes, consider donating. lswf work will be lessened a bit this cycle; its mostly usable minus hardware support and a few other small things.
With all the hoopla about qubic and fcmp, lets not forget about our foundation! One of the most consistent contributors to the codebase for ~8 years now. Addressing hackerone reports, lws, a lot of the networking code. And important, reviews **vtnerd** ccs.getmonero.org/proposals/vtne…
With all the hoopla about qubic and fcmp, lets not forget about our foundation! One of the most consistent contributors to the codebase for ~8 years now. Addressing hackerone reports, lws, a lot of the networking code. And important, reviews **vtnerd** ccs.getmonero.org/proposals/vtne…
These are self-reported, so it's a bit difficult as to who has what hashrate exactly now.
Boys (and gals), we gottem. He struggled through that statement and still tried to embellish it as much as possible to make himself look good, but we have an admission that CfB lied and manipulated the public into believing he 51% attacked the Monero network as a publicity…
The knots situation is a mess. Luke is incorrect on the "spam" debate. If they paid the fee, it ain't spam. That's the only metric.
Imagine if it wasn't and some random nodes could censor arbitrary transactions....
Well it doesn't make any sense - stocks are supposed to pay dividends in USD. Their only plan is to hoard BTC; dividend payments will require selling BTC for USD. So these companies are hoarding BTC but are short BTC and long USD. It's all completely ass backwards.
The market is indeed screwed. MSTR has acquired all of this BTC, but it never has to pay dividends, unless shareholders demand dividends. The majority of people investing don't know a stock should pay dividends, so the stock price levitates. I pray for those shorting MSTR.
These are pretty bad numbers coming out of Gemini. Unprofitable 2024 for a crypto exchange? How???
BTC might be dead - the "number go up" crowd is just too blind. You can't sell your USD for BTC, then dump back into USD. That's like infinite demand for USD. Some weird problem with gold, its ultimately just creating demand for USD. You're supposed to use it like money.
Get this PSA out there: If you are solo mining, see if you mined a block during the latest Qubic run, and consider kindly posting the evidence either on reddit or the new forum xmrtalk.org Just a hunch.
I hope a circular economy gets created at some point. Because blow-up USD with no BTC denominated expenses seems like actual chaos. Think about it, you've got an insane amount of capital in BTC, and the primary exit strategy (currently) is to exchange back into USD?
That single unknown block just got claimed by Qubic it would appear. They might be going for the claim all unknowns strategy, what a shitshow. Anyone reading this tweet, should read this thread about how blocks get claimed (you need view key to prove) reddit.com/r/MoneroMining…
How are they ever going to pay dividends? Sell BTC? This is literally the best thing I've seen all day, the capital markets are not completely lost in USA.
Now we have evidence that Q*bic is paying people to spread the lie that they reached 51% of Monero's hashrate. It explains why many helped to spread this lie despite all the evidence that they didn't. Let's spread this as much as we can.
The increase in token issuance is going to be a tough marketing issue. It (may) have been needed for infrastructure costs, but the narrative of corruptible insiders enriching themselves is also valid and hard to refute. It's probably PoW or go home to fiat, but what do I know.
Yes, printing money to buy another money is very bad optics that is hard to spin, even for the great Donald.
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