NGL the profiles feature is pretty bad ass.
mister_monster
joined 2 years ago
This screams "exit scam the CCS" from the rooftops IMO.
The primary reason to not use PoS is simply having an ongoing cost and expense external to the network.
So when we quantify mining revenue and staking revenue, what we usually do is quantify risk. A miner must make an investment and has an average expected return, their exposure is partly to volatility of bitcoin for example and to energy prices and what not. A staker of ethereum for example doesnt really have this, their risk is only in making mistakes, server downtime, opportunity cost. The slashing rates and things are designed with incentive in mind primarily, and expected risk losses are downstream of those decisions. But we always quantify it in terms of risk, but theres another big side of this: ongoing expense.
There is a minimal ongoing cost to staking. Make your initial investment, get high uptime on your node, youre good. A miner has an ongoing cost, in energy, in big facilities, in hardware depracation. Additionally, a miner has an ongoing cost external tp the network. This os a very big thing. they have to buy energy, hardware. A staker doesn't have anything like that, their activity is entirely internal to the network.
There are major game theoretical implications to these big differences. There are pros and cons, but all in all I and most people, and particularly in the Monero world, think PoW handily wins out.
Are you really replying to yourself and me twice?
If you had anything you wouldn't still be fucking around in the Monero spaces defending yourself saying anything and everything except actually demonstrating that you're not full of shit.
So publish it then. You got paid to. Oh that's right, "not in my interest to prove what I'm saying is true" because you didn't make anything. Youre full of shit dude.
He's got 2 articles about how none of the accusations are true. He just couldn't figure out how to link them in here, just like he can't figure out how to release the source code he supposedly has so he can get paid.
Here's his drivel if you want to read it https://kewbit.org/kewbit-responds-to-creator-of-basicswapdex-com-ofrnxmr/ https://kewbit.org/addressing-the-false-proclamation-of-exit-scamming-allegations-by-basicswapdex/
I say, ditch sunk cost fallacy and call this a 75 XMR lesson. Nobody needs to trifle with this guy any longer.
OK, so what exact service are they offering here? Someone pays Monero, it goes straight to your wallet. Want do you need to pay per transaction to them for?
An offer that's on the book is on the book. If the person who made it wants to take it down they can. If it's still there you can take it.
Of course they do. Not all of them, but they do. Just like grocery stores to 10% off stuff they want gone. If someone needs to sell fast, the best incentive is a little discount.
Letely, the price is going up but many of those offers may have been made a day ago or something.
Also, some people may be willing to take a little haircut to get the trade done fast. This is how price discovery works on an order book, spreads should get smaller as liquidity goes up
Well, the concept of a ban list seems ripe for abuse. We have to trust someone to tell us canonically who the bad nodes are, people can slap a fed honeypot node label on you for not going along with something.
What we need to do is design the system such that a bad node can do nothing but participate in the network. Just like the mining incentive structure with nakamoto consensus. Dandelion++ is supposed to do that, at least for everyone broadcasting their transactions only to initial nodes they know and trust. I don't know how to do that, but a blacklist is a dangerous stopgap.
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That group hates people who have wealth that nobody knows about, since they seek control over others I doubt they have any interest in empowering people to use it.