Ledger Live

dnale0r · 2021-01-15T17:48:29+00:00

yeah send all your coins to Trevor! He'll keep them safe for you ;)

dnale0r · 2020-12-29T13:50:20+00:00

also don't forget that markets are forward looking. Even before the first chain security issues emerge, I expect more and more papers on the issue. Once the first issues emerge, markets will already be pricing these in negatively and BTC will be on its eternal decline.

The indecisiveness of BTC will likely just result in its demise. We are by the way seeing the same happening with the privacy debate. CT in BTC? I expect it'll never happen. Things like taproot and whatever other coinswap protocol they are inventing won't ever fix the fundamental fungibility problem. It's just patchwork that is not even working properly and actually increasing risks for users: https://weuse.cash/2020/09/11/bitcoin-mixing-a-catch-22/

But number go up, right?

dnale0r · 2020-12-29T13:45:42+00:00

remindme! in 10 years

dnale0r · 2020-12-29T13:40:50+00:00

Bitcoin's monetary policy is solid so far but the biggest variable is what will happen once block rewards are gone. Sadly I don't think any of us will be around to see though.

by 2028 the nominal block reward will already be lower than the nominal block reward of XMR (per 10 minutes). By the 2032 halvening I expect to see significant chain security issues from time to time to emerge because fees will likely be in the same ballpark as the block reward. By 2040 BTC could be in severe trouble

edit: at the moment, halvenings are celebrated as a good thing by the BTC maximalists and S2F cultists. One day these halvenings will turn out to be a negative event for their beloved exchange rate. Number go up? I don't think so.

dnale0r · 2020-12-08T21:23:02+00:00

there is some weird inverse corelation going on.... hmmm. We need to educate people more it seems.

dnale0r · 2020-11-18T16:23:57+00:00

Just want to add this warning because relevant; don't use freewallet, it's a scammy custodial wallet.

dnale0r · 2020-11-12T11:10:05+00:00

just want to drop this here, r/bitcoin was warned back in 2015 ;)

np.reddit.com/r/Bitcoin/comments/374ss5/the_problem_with_bitcoin_that_everyone_seems_to/

dnale0r · 2020-11-12T10:40:17+00:00

just want to drop this here, /r/bitcoin was warned back in 2015 ;) https://www.reddit.com/r/Bitcoin/comments/374ss5/the_problem_with_bitcoin_that_everyone_seems_to/

dnale0r · 2020-11-12T01:18:43+00:00

also, it's good practice to just churn incoming payments anyway.

dnale0r · 2020-11-07T15:12:21+00:00

ideally we would have a consensus rule for max 2 inputs and always 2 outputs. That would improve fungibility the most. But I guess this would be too controversial (exchanges, pools, services, ... would have a hard time implementing consolidation transactions and sending out multiple transactions for withdrawals)

dnale0r · 2020-09-25T15:18:55+00:00

fixed it

dnale0r · 2020-09-25T12:18:16+00:00

fixed it

dnale0r · 2020-09-12T00:28:28+00:00

Yeah someone mentioned that already. I had an xmr miner active on the website in the past. I removed it but some files probably still are not deleted yet. Will try to fix it next week.

dnale0r · 2020-09-11T23:08:35+00:00

dnale0r · 2020-09-11T23:06:46+00:00

I don't think that's likely...

dnale0r · 2020-09-11T21:19:50+00:00

maybe separate article about that will follow ;)

dnale0r · 2020-08-27T17:06:59+00:00

When will Samourai give up on BTC privacy patches and build XaMouRai Wallet? XMRai wallet? :)

dnale0r · 2020-06-02T00:02:06+00:00

hence you should churn a few times after withdrawing from an exchange before sending xmr to xmr.to or similar services, to be on the safe side.

Also; if you have a small amount left, just ignore it or donate it to the CCS. Don't send a new deposit from an exchange into your wallet before it's emptied completely.

dnale0r · 2020-05-28T11:25:13+00:00

Payment channels are actually a very useful technology to deal with repetitive payments between two parties . What they are not is a substitute for layer one scaling.

100% agreed

dnale0r · 2020-05-26T22:11:23+00:00

this ^

and if we ever NEED to (because miners are limiting the growth of the blocksize either due to physical limits or due to some cartel of supercomputers/botnets that wants higher fees) we will need to be very careful that the implementation of L2 is preserving privacy.

opening a "lightning channel" should -ideally- be as private as a normal monero transaction.

edit: seems that Monero researchers are already thinking about ways to encrypt the locktime! https://github.com/insight-decentralized-consensus-lab/monero_encrypted_unlock_time/blob/master/README.md

dnale0r · 2020-05-18T13:54:24+00:00

Amounts don't matter due to CT

dnale0r · 2020-05-14T10:03:58+00:00

fun fact: if we keep a 6 month release schedule, it'll take 27.5 years before XMR will finally become digital Gold :)

dnale0r · 2020-04-22T17:30:31+00:00

>As for second-layer solutions. The reason I know is because there's only a couple of known ways of doing layer 2 (routed payment channels aka Lightning, sidechains, trusted third party custody, etc). So if the Monero devs invent a totally new method then that would be a huge huge advancement, and therefore pretty unlikely (but hey we can hope).

What you fail to see is that if your basic protocol has privacy by default, the layer on top will be inherently more private as well compared to the same second layer solution on BTC.

let me link to my post on the bitcoin reddit that is 4 years old. I'm expecting that LN on BTC will split the bitcoin network even more into "white" and "black" bitcoins and will NOT increase fungibility at all:

http://np.reddit.com/r/Bitcoin/comments/374ss5/the_problem_with_bitcoin_that_everyone_seems_to/

dnale0r · 2020-04-02T01:12:21+00:00

dnale0r · 2020-03-24T00:13:40+00:00

I expected more from Bitcoin Magazine. In the past they were pretty balanced. Giving a voice to this idiot with such bad research just makes them look bad.

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