Last Notes
I care about the decentralized database securing my fucking money being secure. Formal verification does not provide a security guarantee! I’m not against formal verification, but why is it that the people focusing on it and touting it in marketing have the worst security records? I find that a lot of people are just repeating phrases without understanding the implications of them.
Formal verification only provides security guarantees within very limited ranges where a system can be perfectly modeled as a series of transforms with very explicit definitions. Formal verification is a nice to have within the confines of some systems, but it is not a panacea.
> due to Monero's nature it's too hard to build a layer 2
This is not true. Drivechains are the actual answer to scaling Bitcoin that would not be a failure driven by fraud like Lightning. And the ingredients to synthesize drivechains on Monero are already there. Monero already has sidechains like p2pool and merge mining with Tari. When Monero needs drivechain scale, it isn’t a big project.
> the moment they delegate operation to experts, all of Monero's advantages become meaningless
All blockchains have delegated operation to experts. These are called “miners”. And Monero’s advantage is fungibility, which does not change dependent upon who is mining it.
> you fundamentally can never achieve scalability with layer 1 alone, and it was fairly convincing.
It’s also fairly convincing to just do the napkin math and count the number of people that can open a Lightning channel. It’s not very many. It’s certainly well below the population of earth. LN people then say that custodial solutions are inevitable so we should just accept that all of LN is custodial. At that point why have LN at all? Why not just have custodial Bitcoin? Lightning has massive rates of failed transactions in the real world. Actual normal businesses see 25% of their transactions fail. You have a ton of lost time, lost money. Lightning does not scale.
Bitcoin hasn’t solved the scaling problems, and Core has rejected the solution that is actually practical (BIP300/BIP301). So Bitcoin can’t scale, Lightning can’t scale. Monero could scale with drivechains just as easily as Bitcoin, but that isn’t an issue yet.
Between two blockchains that haven’t solved the “scale to 8 billion people” problem, I’ll take the money that is actually fungible and useful money. Monero can adopt drivechains in time, as people actually begin to use it more. Monero has the advantage of not having an invasion of scammers and frauds like Saylor and Blackrock. Its fee structure is perfectly correlated to actual usage, not speculative mania and scammers.
very nice, did not know that page, thank you!
HOLY SHIT THE UPGRADE WORKED.
Speed Test as 2nd hop on the same Seattle IP:
VLESS - 720 down
vs
Wireguard - 350 down
How? Because Wireguard is a dumb pipe. It just encrypts data and sends it. Wireguard's UDP has no feedback mechanism, which means packets fill a buffer to wait (or die) on the 2nd hop.
This is even more pronounced when you have two Wireguard configs (one tunnel inside another like Tor). Other than HydraVeil, most commercial VPNs don't hide from the 1st server. Mullvad sees your traffic naked. But that 2nd inner WG config is more vulnerable to Wireguard's flaws.
In sharp contrast, vless' pure tcp allows for kernel optimizations, which give feedback on that 2nd hop, to slow down if the "waiting room" is full. This makes sure nothing gets dropped, and we clear the 2nd hurdle, without relying on the app itself to bitch about a single missing packet. All the while, masking to the ISP that it's a regular https connection.
All I know is grind.
Yesterday's Moldova upgrade was a success.
Today we're doing Seattle USA, and we'll try to keep downtime to a minimum. It might only be like 20 minutes if it goes smooth.
Starts:
lunchtime LA
7pm UTC
never heard that. source?
hey man, I remember having a hostile conversation with your prior. The real question is "who are you?" that I should be on the hook to give customer service to essentially spam
Dude, we’ve had a decade of LN shilling and there’s something like 24 times as much Bitcoin locked up in WBTC than in Lightning channels. Lightning is already fucking dead. El Salvador is moving to stablecoins with the rest of the world now. Any hope for Bitcoin to be money is fucking gone, on a long enough timeline it’s all alt season. Thank Core being subverted by Epstein’s pals and sabotaged into ossifying as something still ridiculously unusable.
yes there's a lot more completely dysfunctional and chronically unreliable infrastructure that is also similarly periodically going to get completely owned out there
I don't hate Litecoin! They actually do some impressive stuff, and they've tried to confront a lot of the problems Satoshi expounded upon that Core gave up on, such as adding a privacy primitive with Mimblewimble. But making it an optional primitive instead of ledgerwide was a mistake. Still, both LTC and BCH did a bunch of cool stuff but misunderstood the importance of fungibility, which is why they didn’t get widespread adoption.
LOL, Lightning completely owned again. The payment system of the future, people!
https://x.n0g.xyz/Blockstream/status/2105836307096490036
https://i.imgur.com/BgjOXDd.jpeg
^ retarded nerd assertion
Lightning has had tons of problems in the past 10 years. Monero virtually none! The world’s most critical systems aren’t formally verified! Software written in Forth that was shot into space and is still working decades later without bugs isn’t formally verified! Erlang switches with 9 nines of reliability for decades straight aren’t formally verified! SSH isn’t formally verified, but a lot more depends on its security than any digital currency (and it is very secure despite being significantly more complicated than LN). NGINX, any name server daemons people actually use, none of this is formally verified.
LN is bad because the basic theory is bad. It does not work as people market it on paper, and there are a ton of stupid kludges built on that foundation to try to deliver on the promises of Lightning’s most vocal proponents despite the protocol fundamentally being incapable of what they promised. Monero is, in fact, orders of magnitude more reliable than Lightning, and is not constantly failing in hilarious and absurd ways like. Lightning.
In contrast, Zcash people are the type to jerk off about formal verification (as if I can trust the proofs these disgusting yids and trannies assert are implemented correctly). And they had an inflation bug in *checks notes* June. This kind of idiotic academic handwaving of “just solve all your problems with formal verification” doesn’t really fly in the real world. In fact, jerking off about this academic shit seems to have a perfect negative correlation with security.
if we are going to have a namespace blockchain for Nostr why wouldn’t it be a Nostr specific namespace chain? Why should it be namecoin, where all the names are already taken?
The major problem with AI now is that stupid people think they're smart.
"I have not failed, I simply found 10,000 ways that won't work" -Thomas Edison
First attempt at triple protocol moldova upgrade did not work. We're trying again.
Moldova VPN node will be down for as brief a time as possible, in the middle of the night there,
3am Chisinau Moldova
20 UTC
3pm UTC-5 USA
Also note, if you are using an older version of HydraVeil, please upgrade to 2.8.0 immediately by downloading the new appimage from the website. The in-app auto-update is having issues for some users.
https://simplifiedprivacy.com/vpn-install/easy-one-command.html
It’s the cost of freedom. That’s part of why I think a NIP-05 is bad actually, it just encourages impersonation and bad behavior at scale. If someone is pasting your public key they can’t go wrong. But any kind of human readable username means you either have censorship or impersonation. Well, unless you have a blockchain involved like Namecoin.
Monero hides sender, receiver and amount by default
Not a setting. Not an option. The baseline.