One thing I can guarantee is the USD will not be around in 100 years.
It is only decentralized if people run their own instance of p2pool.
Using xmrig and pointing at your node you are just a standard pool.
The decentralized way to do this would be to give people your Monero address and have them mine on p2pool with it as a donation to you.
However you do get an A for effort.
The US government is the biggest trafficker of all "heavy drugs" dark-net markets are completely insignificant. You are wasting your time.
It is a decentralized social network, the site is just a frontend to the content.
It is best used with the desktop or mobile app which bypasses DNS and hosting service and talks directly to the nodes.
Pretty sure it will appear here and on reddit.
I was participating in the stress test and noticed node stability issues around that level. It could be +/- 200k, we will see when an official report is released regarding the test.
But for certain at current state Monero cannot handle 1 million tx per day without problems.
Most likely a misdirection tactic. The morons in power could never execute something like that. Just look at everything government runs, it is always a total disaster.
They will have to rely on existing systems, which means I will be able to swap in and out using Monero. No matter what they do, I win.
Fees are designed to decrease as there is more transactions. Recent stress tests have shown the network can do about 500k transaction per day before some stability issues start. Fixes and improvements are in the works. We are most likely still 5 years away from any significant TX volume on Monero.
gotcha ;)
All other countries will do anything america tells them to do since they have the power to turn off their financial system.
Going forward any activity that threatens the bankers should be done on unstoppable decentralized services that use tor and or I2p. There should be no IP address associated with any server that they can go after.
Let me guess, you do nothing yourself and just wait for others to do it.
I noticed that the Monero chain compresses about 60%, would it be possible to compress blocks before sending them from a remote node to a syncing wallet thus saving a big chunk of bandwidth and time?
Does anyone know if this is already happening during sync, or if not why?
edit: this can be done using ssh tunnels, if you have ssh access to your remote server. The "-C" option enables compression.
ssh -C -NL 18089:localhost:18089 server_username@server_address
Now you can set your wallet to 127.0.0.1:18089 and now your wallet syncing should be faster, enjoy!
cross-posted from: https://monero.town/post/2391750
With the recent spike in activity on the chain transactions with default fee are being delayed.
Is there a way to set the tx fee manually? Is the wallet capable of selecting an appropriate fee automatically?
*Edit: Apparently dynamic fees are completely broken in Monero. 🤦
Reddit 🤮 Link: https://www.reddit.com/r/Monero/comments/1b946w3/psa_manually_increase_your_transaction_fee_if_you/
With the recent spike in activity on the chain transactions with default fee are being delayed.
Is there a way to set the tx fee manually? Is the wallet capable of selecting an appropriate fee automatically?
*Edit: Apparently dynamic fees are completely broken in Monero. 🤦
Reddit 🤮 Link: https://www.reddit.com/r/Monero/comments/1b946w3/psa_manually_increase_your_transaction_fee_if_you/
6
The case for dropping old blocks to keep Monero blockchain size under control and future proof
(monero.town)
Monero is striving to be a currency that everyone can use, the growth of the blockchain is starting to hamper this goal IMO.
I think we should consider dropping blocks off of the chain tail once we reach block height of 4000000. This will give us 10 years of storage capacity, more than enough IMO.
Similar to how you have to exchange bills of cash once they get worn, you would simply churn your coins to get your outputs into younger blocks.
We are trying to be digital cash not an inheritance vault. If we had this feature from the start 99% of the community would agree with it.
Please consider this.🙂
*Edit: @4KB/tx * 100,000tx/day we are looking at ~400MB chain growth daily, this is not sustainable, let's take care of this now before it becomes a big problem
**Edit: A possible solution could be that nodes would have the option to set chain retention duration. So when syncing a new node you can select that you would like to retain 5 years of chain data, with a minimum boundary enforced that retains sufficient security. This way the network decides in a fair way how much chain data is useful to store.
Don't mind the angry commies around here. Crypto is destroying the banker control system and they are pissed as their ideology was created by the banking elite to serve the banking elite.