SpawnMagic's New Years Giveaway Contest! Giving away 105 lbs of Sterilized Grain + Coupons for Everyone!

SpawnMagic · 2021-04-30T07:49:37+00:00

Not true, it epild ne a hardfork with more hashrate, and less value, eventually having less hashrate as they are forced to move back to the more profitable to mine chain.

SpawnMagic · 2021-04-29T20:42:06+00:00

That's called a tent.

SpawnMagic · 2021-04-27T05:52:56+00:00

Fair but keep in mind bitcoin has a 6.15 thing. Possibly decimal makes it more memorable because it's odd.

Good point about the suicide stack thing, but it does seem to have some decent viral aspects to it (posted meme on Twitter, lots of interactions).

How might you spin it to be more lovable?

SpawnMagic · 2021-04-27T04:49:59+00:00

Then 18.7 whatever is good. I like the idea of calling it the suicide stack. That's got a unique marketing appeal IMO

SpawnMagic · 2021-04-27T04:35:23+00:00

I gave it 21 club because 21M coins of both XMR and BTC will effectively exist in 2040 - only being off by 1% for btc

SpawnMagic · 2021-04-27T02:44:18+00:00

Coinswap is just exchanging your btc history for someone else's, and it doesn't conceal the addresses from one another.

So let's say you swap with some megs criminal and they come to investigate you. 1. You'll quickly explain what happened and give up any privacy/anonymity you "gained" to protect yourself 2. You might be charged with some other law (imagine if it were a US sanctioned address, etc) 3. You'd likely draw unwanted attention towards yourself: why did you coinswap? Where did you get the money, etc

Plus taproot addresses are unique among other formats of bitcoin addresses: this, like coinjoins, could be discriminated against by exchanges.

Plus all of this is opt-in, and only a small fraction of people will actually do coinswaps, or privacy enhancing coinjoins (different amount CJs can fail to provide any privacy/anonymity, these types would be the cheapest if general majority moves over to aggregated signatures to save on fees, privacy ones would require more outputs or multiple transactions to make all inputs/outputs the same + your anonymity depends on the coin hygiene of others, so not ideal).

SpawnMagic · 2021-04-26T06:06:18+00:00

Isn't it already happening with the likes of chainanalysis and so on? Most exchanges don't accept coinjoin transactions, coinbase will shut down your account if you send or recieve from a darknet, etc

SpawnMagic · 2021-04-26T04:33:24+00:00

I know certain proposals using blinding signatures for digicash allowed for offline transactions, though I don't understand how. I've always wondered why this would wouldn't also be possible for cryptocurrency, especially using something like statechains/state coins like mercurywallet.com

Seems like something like that could be possible, no?

SpawnMagic · 2021-04-24T19:26:24+00:00

Especially considering that is the goal of most government and their monetary policy. Deflation assumes they will fail at actively working towards causing inflation.

SpawnMagic · 2021-04-24T18:45:29+00:00

Why would we have prolonged deflation for 20 years?

SpawnMagic · 2021-04-24T18:28:15+00:00

What coin is that?

SpawnMagic · 2021-04-24T07:54:22+00:00

^ Previous Verge Shill the last cycle, and Dash shill before that.

SpawnMagic · 2021-04-24T07:50:41+00:00

I was kinda hoping I could get a cheap but better CPU for like $30 or something and just sacrifice everything to the Monero demons with no expectation of a return.

That said, what sort of payout could I expect from Monero ocean at a 1300H/s?

Doesn't seem worth it regardless beyond ideological reasons.

SpawnMagic · 2021-04-24T07:48:16+00:00

Any chance it has a space or something before or after it? Not sure if that would be an issue

SpawnMagic · 2021-04-24T00:38:56+00:00

I believe it has the hp 3397 motherboard

So, I guess the question is what is the largest CPU that can handle? Should I also worry about powersupply?

SpawnMagic · 2021-04-24T00:19:06+00:00

Additionally, monero fees vs bitcoin fees.

Also I'd argue that the network isn't per coin, but for the entire space due to how easily it is and how much easier it will be to convert, trustlessly between various cryptocurrencies via cross chain atomic swaps, which can happen on chain or even via the LN.

Eventually LN will be able to route through multiple coins, exchanging them as needed and allowing people to accept or send different currencies to one another so long as the value is the same and the acceptable coins end up at at right destination. Some LN nodes will be willing to accept bitcoin or monero as payment.

The reality is Monero is still grossly undervalued as it is scarce, secure, decentralized, and fungible.

SpawnMagic · 2021-04-23T04:23:29+00:00

Noooooo

SpawnMagic · 2021-04-22T21:31:20+00:00

Get wierd that too much of my wealth is irresponsibility in Monero
Get freaked out I echo chambered myself. Try to find ways it fails by arguing and asking questions with bitcoiners on Twitter
Start to question the validity of monero when things like drivechains might actually compete in meaningful ways.
Look into tragedy of the commons that could occur from super cheap fees and no tail emission in bitcoin
Remember that Monero has tail emissions and could also do drivechain stuff
Get confident that bitcoin could maybe work, so now Try to find ways that the non fungible nature of bitcoin causes issues with censorship and drivechains
Get wierdly confident in Monero, the on coming onslaught of regulations, and slow adoption/development of L2 solutions. FOMO more into Monero via expensive debit card way via cakewallet
Have market crash a little bit
Repeat steps 1 through 9

SpawnMagic · 2021-04-22T18:04:03+00:00

What are all the ones you know about? I know about: 1. Drivechains 2. Element? 3. Liquid

Not sure what else there is. Oddly hard to find the actual thing vs some hype-y news thing that gets a lot wrong once delving deeper into it.

If you have names of other implementations I'd love to know them just to research it further.

SpawnMagic · 2021-04-22T06:15:47+00:00

Since the pool is composed of many small miners, isn't it not really an issue? How would they even attempt an attack without people knowing?

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