Damus

Recent Notes

Desert Dave · 2d
What do you think about the concern that it is hard to know moneros history and it's expanding supply?
jtown profile picture
From my understanding the total amount of monero is auditable with a node.

The tail emission bugged me at first but over the last year it grew on me, just because its predetermined and set for the rest of time. Monero might avoid the problem while you see bitcoiners already talking about demurrage or tail emission and going back on the "21 million" promise.

Moneros inflation rate is already under 1% and will continue to get lower from now til the end of time. It also settles the "future security" debates.

Im ok with the tradeoff of privacy for a bigger transaction footprint.

I like the smaller blocks and 2 min block time.

I like zero arbitrary data on chain.

Im ok with the dynamic block size because my node is only storing monetary transactions.

If moneros blocks were full for the next 10 minutes a node would still store less overall data than one bitcoin block stuffed with dickbutt pictures.
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Desert Dave · 2d
I am curious to learn more. I am also going to pay attention to what is happening with Bitcoin that isn't captured by core. We will see. It's exciting.
Desert Dave · 2d
What do you think about the concern that it is hard to know moneros history and it's expanding supply?
P13b 'N F10w · 1d
How do you use the BIP110 chain? What wallets support it?
fre$h · 1d
Correct about monero
Frank · 2d
Look, yeah the blockchain grows faster — that’s just the cost of real privacy. Monero doesn’t do optional, half-broken mixing or transparent ledgers. Every transaction is private by default with...
jtown profile picture
I agree. Bitcoin is pumping out 4 MB blocks every 10 mins. Full of garbage spam and very few transactions.

Even if monero blocks were full, it would still only be increasing the blocksize 1.5 MB every 10 minutes. (300kb size × 5 blocks)

As long as monero only allows monetary transactions, it will be fine. Even if it has to use the dynamic block size occasionally. Im willing to run a larger node as long as its purely monetary behavior. But right now it makes a 1TB hard drive very useful for a long time.
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Manánguri · 2d
Consensus is explained in the Bitcoin white paper. You should read it.
Manánguri · 3d
Yes. One CPU one vote. It's written in the white paper. You should read it.
jtown profile picture
Im glad we are hardforking away from bitcoin legacy.

Setting your personal filters to remove spam from your memepool is like you not littering. It only works if everyone thinks like you.

There is nothing you can do when the whole city you live in starts throwing shit out their car windows.

You either live in a city full of shit or move.

Bip110ers are moving.
jtown profile picture
I will slowly be dumping my bitcoin for bip-110 and monero over the coming years. Once a market and price develops after this hardfork. Im sure coretards will race to dump the 110 coins as fast as possible.

The only thing that would keep me around is if the bitcoin community proves it can fend off any change that core+industry+miners attempt to push through in the next few years.

I honestly dont think any of them will, and if they try they will be ostracized like the bip110ers were.

The way bitcoiners talk you would think bitcoin is now a democracy.