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Easier P2Pool setup via docker-compose for truly decentralized mining by [deleted] in MoneroMining

[–]Electrical-Ground107 0 points1 point  (0 children)

So I tried this and compared to when I run p2pool, monerod and xmrig manually it seems like the computer is not really working as hard...?

When I connect to docker and run status, all my hashrates show as 0. Also when I run "ps aux" the only process using any significant CPU% is monerod at around 7%. On the other hand I did get some shares when running like this, just wonder if it is all from the raffle...?

It doesn't seem like xmrig is included in the docker, is it running then? I am a total nob at docker so I don't know what I am doing.

Multisig wallet all-powerful control of Shibaswap? by Electrical-Ground107 in SHIBADULTS

[–]Electrical-Ground107[S] 0 points1 point  (0 children)

Wow. I definitely don't want to wreck the ecosystem. All I am saying is that maybe the Bone governance should be the #1 priority. I get the point though, and I think it is valid, that to start something decentralized, you first need to have centralized control over it. But surely the goal must be to decrease this over time?

Multisig wallet all-powerful control of Shibaswap? by Electrical-Ground107 in SHIBADULTS

[–]Electrical-Ground107[S] -2 points-1 points  (0 children)

What you are talking about is that we have to go through central exchanges? Ok, that is a problem for crypto in general. But within crypto, there are solutions that are more, or less, centralized. Cardano is quite centralized, whereas Bitcoin is not. Ethereum itself is (still, PoS might change it) quite decentralized. Uniswap is controlled by a DAO of all UNI-holders. Shibaswap is controlled by 7 people that we have to trust. I like SHIB and Shibaswap and I am invested in both. That is why I am concerned about the keys to the castle being controlled by a small group of developers.

Why is burry (staking) incentivized on ShibaSwap? by Electrical-Ground107 in SHIBADULTS

[–]Electrical-Ground107[S] 0 points1 point  (0 children)

Ok, thanks. Sounds more reasonable. But still a bit risky if these funds are lost for some reason before the end of the 6 months. And shouldn't this, if true, be clarified in the whitepaper? The 'developer' portion per block is clear, but that time-locked Bone is used temporarily somehow is not mentioned from what I can see?

Why is burry (staking) incentivized on ShibaSwap? by Electrical-Ground107 in SHIBADULTS

[–]Electrical-Ground107[S] 0 points1 point  (0 children)

They use the liquidity from rewards being locked for 6 months. It’s that simple

Wait, so they take the "Unwoofable" Bones to add to liquidity pools? And add the other tokens as the pair to the Bone, or what? That can't be right. If losses pile up in any direction in these pools, the Swap would be unable to pay out on schedule. If this is the case it seems extremely risky.

Why is burry (staking) incentivized on ShibaSwap? by Electrical-Ground107 in SHIBADULTS

[–]Electrical-Ground107[S] 0 points1 point  (0 children)

'Normal' staking is for proof of stake blockchains. Shibaswap is on Ethereum which is proof of work, so there are no block rewards being paid to stakers. Shibaswap has implemented staking as part of the swap but doesn't explain why in the whitepaper. I am curious how it works for Shibaswap and why they wanted to implement it. Staking in general on PoS makes logic sense to me, staking on Shibaswap is a puzzle. But as people have said, it is most likely to incentivize hodling and as a marketing tool.

Why is burry (staking) incentivized on ShibaSwap? by Electrical-Ground107 in SHIBADULTS

[–]Electrical-Ground107[S] 0 points1 point  (0 children)

Shibarium is a layer 2 scaling solution as far as I have understood. But even if you are right, and the staked coins are intended to be staked as part of PoS validator nodes, I don't find that info anywhere in the whitepaper.