IP2 @ IP2 @monero.town

Posts

1

Comments

34

Joined

2 yr. ago

This is super cool and everything but... why?

The short answer is you can't. Hold small amounts so fluctuations don't bother you that much. USDT (any stablecoin for that matter) is only stable until it isn't.

I get that. What I don't get is how these would help centralize power given they mine at the same efficiency (at best) as everything else.

You're absolutely right. I'm just saying give it another week or so, near release things can get out of hand quickly. And post back whatever the outcome, I'm sure I wasn't the only one thinking of pre-ordering before reading your post.

Last I checked everything was in pre-order, you weren't supposed to receive anything yet from what I understand. Maybe the expiration message was an automation glitch or something?

Dude, they're mining just like you. What is the big deal?

as the price of XMR dips, the miners reduce, and the hashrate reduces

and difficulty takes some time to adjust, hence confirmation times are longer. I don't remember the exact numbers off the top of my head but it is not instantaneous.

To be fair, that could only happen if you stick to that mentality.

Brilliant!

Well, you said for the normies, I went full simpleton.

I doubt anyone could be that certain his attack will work. Especially mining on a public pool, it is likely destined to fail.

Great work, no bandwidth issues for me. I feel this is a simplified "how" still and normies have yet to understand the real "why". Not an easy task I'm sure, but you obviously have the ability and understanding.

Make Cindy go to prison for transacting with Bob, make Bob unable to get a loan for transacting with the "wrong" Alice, get Alice to spend years in courts trying to prove she's not a witch (or an elephant for that matter) and make them all unable to escape buying food with vouchers their government is providing. Find better examples obviously. Keep it up either way!

The only real advantage I see is redundancy. Other than that, people already mining in a shared pool have no reason to move. Some of them will, eventually.

Not counting special cases like algo switching and various payment scheme pools that may be attracting miners for a number of different reasons.

Let's hope when he said monero he really meant monero and when he said wallet he really meant wallet this time. What an expensive way of learning, especially in Argentina.