Last Notes
@npub1lrn…qnw5 you can solicit Monero zaps now too
https://zap.observer/p/npub1lrnvvs6z78s9yjqxxr38uyqkmn34lsaxznnqgd877j4z2qej3j5s09qnw5
She would always be welcome.
I guess I can write one on the topic sometime. I should still say I'm not done researching it fully.
It's mostly a standard blockchain-based currency, with the following changes:
- There are no scripts, only direct payments to public keys.
(However, things like multisignature are still possible.)
- When paying, each public key is multiplied by a one-time value (similar to Silent Payments) to prevent address correlation by external parties
- Input and output values are confidential using range proofs.
- Inputs are done with a ring signature, with 1 real + 15 decoy inputs per input. (NOTE: This is not "ideal" tracing resistance yet, see the Eve-Alice-Eve attack as one example)
(However, there is a planned upgrade FCMP++ that will make this ring signature effectively 1-of-<entire blockchain>)
- Mining is made with a ASIC-resistant algorithm. The current implementation, RandomX, is to put it shortly a random code generator + executor.
- Tail emission exists and is active.
- Block size is dynamic, but there is a slowdown on how fast it can ramp up, and if your blocks are larger than average, a penalty is applied to your mining fees
- Blocks are every 2 minutes instead of 10.
- The equivalent of BIP-32 would be view/spend keys, but note: only spend keys can see if outgoing transfers were made
(The "key image" which is used to check double spends is derived from the spending/signing key)
The surrounding ecosystem has a bunch of differences as well:
- P2Pool, which is a peer-to-peer mining pool, is very common for small miners
- Hard forks occur semi-regularly
Tail emission seems to be a concern for many people, but it is not that big of a problem in my opinion:
- Unpredictable inflation that is very high is more of a concern than low, predictable inflation
- The rate of tail emission is fixed in *Monero units* and not as a % of supply
- This means that assuming no currency is lost, the rate of inflation approach 0 over time
- If a certain % of the supply is lost every year, then at some point, the inflation rate will equal the loss rate, leading to the effective supply becoming fixed
Now you can also send Monero (deliberately private) to your favorite profiles.
https://zap.observer/p/npub1uzt238htjzpq39dxmltlx60vxym9fetk9czz6kddq6fhvkf4z3usy9qtrh
https://i.nostr.build/ueKqkmzITrXMU6FOZjzuVo.png
Dude yes!! Post a review!!
Nostr is the marketplace.
#nevent1q…rm9c
Hahaha “yet” is the key word. Soon enough
Browser ones largely suck, good for a quick one, not great overall
That’s amazing my friend, it really warms my heart to read this. Thank you so much. I’m also happy to sling some deals for you if of want a few jars!!
Thank uuu my friend!! It went great today
Thank you!! Went great today
This is correct. Plus, with dates ✅
Thank you bruv, appreciate that a lot. We gotta catch up!
they ran out of things to talk about with “bitcoin only”.
to me, it has been something that was interesting and I was watching for a while as a serious option
Well, the great thing about PoW is that there is no “progress” to keep track of
The play button is now fixed too, sorry about that
Origin is back to the basics. They've stripped all the bullshit from it. Free for Linux. $60 for other OS.
Depends upon what kind of plant medicine we're talking here. 😂
Pretty much.
https://www.youtube.com/watch?v=W8IVKMGbUZE
@nprofile…av09 help!
https://npub1pktmatjk0l8vn3jhfuwxaasjd65kn4ye9sce3egup7k993f8fg2q5tpxa6.blossom.band/201cfd13755772db14b550b8482731094bb56c8396630f16119193ba15d95aad.jpg
What are some good meshtastic nodes ?