Oddbean new post about login | logout Monero glitched. Or is it an attack? There is currently a fee bug with Monero, that the wallet doesn’t automatically bump the fee when there is a backlog. This fee bug is causing sync issues with many wallets. Self-hosted nodes or unpopular nodes are less affected. The bug has already been solved with some wallets. There are rumors that Nostr's creator is behind a spam attack. We address this and have a ready working solution: https://simplifiedprivacy.com/monero-attack-nostr/
Nobody on nostr cares enough about monero to attack it, don't spread nonsense
@utxo the webmaster 🧑💻 I generally agree. I care some if true so perhaps I'm a nobody lol
Are you saying that Fiatjaf did not submit a grant proposal to DDoS Monero? And then use that hype now, https://primal.net/e/note1p8xmq3zr7lgryal45j562eqg9q4gyzq0hz37j7ac4sjecpg28qxspxq6m0
DDoS proposal: https://simplifiedprivacy.com/wp-content/uploads/2024/03/fiatjaf1-1024x424.png Further, https://primal.net/e/note1p8xmq3zr7lgryal45j562eqg9q4gyzq0hz37j7ac4sjecpg28qxspxq6m0
The only offense I see from @fiatjaf here is the use of Gmail
I hope you're right mate. I don't want a war. I love this platform
Well, the help improving resilience is nice but his motivation is disappointing.
Pretty clear that someone who uses Gmail does not understand why we Monero.
Is the accusation here that a single person successfully ddosed the network?
No, it’s that a dude is taking credit for a pre-existing fee bug that’s already fixed
It would be nice if you cited source for the fiatjaf claims. I'd like to see that 👍
rumors are often not productive but thanks for awareness
https://simplifiedprivacy.com/wp-content/uploads/2024/03/fiatjaf1-1024x424.png Who is the not productive one here?
its not about who but what
again thanks for awareness of the claim
Too little interest on the part of limit buyers. This is understandable, for an asset that cannot maintain its purchasing power in the long run. Those who use #Monero correctly, are not bothered by the drop in value. They go in fast and go out fast. Purchasing power is only held in #Bitcoin.
$XMR is not a store of value indeed
Why not?
Because you only use it to transact and not to store. That way, you aren't affected by price.
Yes I understand that, but if you average the price since inception you will see that it is not that volatile, so in the long term I feel it is a decent store of value. Also, given that privacy will be increasingly important I believe there will be an in tandem price appreciation with that need for privacy. Do you feel my thinking is flawed? Please red team me. Thanks
Don't be misled by the wrong price pair: The view belongs on XMR/BTC and this shows (unfortunately) quite clearly, in which direction the "wealth" aspect is moving. If you look at the topic for a very long time, it also becomes clear, why this will continue. I really like Monero for its privacy features. I can also imagine, that Monero will continue to be used in the future. But for transactions, not store of value. Privacy is important! 💪
Yes, please don't get me wrong, I love bitcoin too, but let us borrow those sleazy wealth managers shenanigans for a bit and say that it is wise to have a small percentage of your portfolio in BTC. Well, what I am arguing is, have the biggest position in your portfolio be BTC and allocate that small percentage to XMR. It will not appreciate as greatly as BTC, but it will appreciate somewhat while allowing you to conduct business in private in a not so private future, where that means of exchange will become ever increasingly difficult to came by. For example, let 95% of your stack be BTC and 5% XMR and just keep on accumulating.
Just to be clear, you also cannot go into Monero from Bitcoin and immediately swap back, and in one transaction, that doesn't help and would be trivial to see on Bitcoin. You lose all beneficial privacy properties when you leave Monero like hidden amounts and addresses. It's recommended to keep a small stash of Monero and spend it directly when you can. Or wait a certain amount of time before swapping back to Bitcoin and in separate amounts.
There's also a rumor that I'm going to drink a beer later. Let's see if it holds true or not.
that's productive! cheers
I have a great amount of respect for you and what you have done for Nostr. I hope I’m wrong. I wish nothing but good for you and the network. But Fiatjaf did submit a grant proposal to DDoS Monero and replied he may be behind the attack
Free R&D - If it is fiatjaf, and he succeeds, that means a single person or small group can DDoS Monero, so it doesn't stand a chance against any serious threats anyway. It's better to know sooner than later and find weak spots. If he doesn't succeed we gain valuable insight too. I've already seen several great ideas for mitigating this floating in different spaces. So let's see what happens.
https://simplifiedprivacy.com/wp-content/uploads/2024/03/fiatjaf1-1024x424.png
This would have been a great way to lead the article. Put the best stuff out front.
Who did he sent it to? How did you obtain this image?
He posted it, see frank's reply: nostr:nevent1qqsyy6y0yaew7naut5nalpa6zthk7qvjkh0jpjeul08ks5favy5499spzpmhxue69uhk2tnwdaejumr0dshsz8thwden5te0dehhxarj9e3xjarrda5kuetj9eek7cmfv9kz7qg4waehxw309ahx7um5wghx77r5wghxgetk9u3tpnpk
The way I see it, he donated to test Monero.
there literally isn't enough room on the bitcoin blockchain for all these refugees to use it correctly. - buy your bitcoins without KYC - coinjoin them - open your own channels - maintain your own wallet - manage your own channel balances even if everyone is neckbeard enough to know how to do this correctly (they aren't), the blocks simply do not have enough room. 99% of these people would be forced onto custodial lightning wallets and they would have no sovereignty or privacy. maxis like this must know they are lying and being destructive. I think he is a state actor. no good person would act like this.
Lightning does not have to be custodial. And some still always stick to bank notes and Cash.
you still have to create your own onchain transaction to fund your own channel. blocks don't have enough room for everyone to do that. if all the monero and ethereum users became refugees like what fiatjaf wants, only a tiny fraction of them would be able to use lightning non-custodially. I'm getting really sick of this argument. >yeah you don't really have to use a custodial wallet, just wait in line for a blind auction after you check the fee chart and hope that 10,000 people don't want to do it at the same time as you yeah no thanks
Just wait. Bitcoin teaches those who understand a really low time preference.
I know it sounds silly. But it is what it is: I think that custodial lightning will be the new debt.
And you can use ecash (really stupid and confusing name as there was already another project called ecash in the past.
)
Which uses custodial bitcoin stuff (from what I know it is kinda some kind of drive chain thingy)
oh my fucking god. you people all follow a script. ecash is custodial and can be rugged. why haven't you thrown it in the trash? what's wrong with you man? the creator of this maxi circlejerk echochamber is literally trying to make everyone who doesn't use bitcoin into a refugee and the bitcoin network cannot absorb more than a tiny fraction of them. and here you are telling me about these half baked solutions with intractable flaws as if that's just going to magically make the problem go away. this is why you maxis are all the same. you want me to completely stop doing what I'm doing as if it's immoral or something and then lecture me about time preference while I'm supposed to wait in the soup line for a chance to buy a UTXO on your gimped network, and how I'm supposed to be grateful for the opportunity.
I don't want you to stop. But just understand that indeed many things are half baked, it is difficutlt to scale above billions of users. But monero would crumble down to the bottom if it had the same task as bitcoin. Bitcoin is not so old and it takes time and development. Yes ecash is centralized and I like lightning more because of the nice cryptographical setup and yes we need to come up with new solutions, but it is a difficult task that you cannot just solve.
I am not against L2 scaling. I'm against lightning. no matter what they tape and glue to it you still have to buy at least one UTXO on L1 to own your own money on lightning. there is simply not enough room for everyone to do that. and this is the worst problem, but not the only one. lightning is the wrong answer. you have the opportunity to do sidechains that aren't consortium based, you could be the first people who make rollups with permissionless sequencers, you could do drivechains if you get some BIPs activated. there are lots of other options. do that instead.
I don't know, but drive chains really sound like messing with miner incentives. The same problem as with other smaller crypto being overpowered easily by a fraction of the Bitcoin mining power, but then inside of bitcoin itself. But it is indeed a way to scale, there are actually many ways how it can be done. The problem lies in keeping security in those scaling techniques while they are being used massively. There are other methods asswell, hashing itself is really fast, so the ability to cryptographically secure aspects of ownership can lie in many hands. Lightning has its usecase but indeed it should not be the only one as the inperfect aspects are bound to give rise to problems. A while back I proposed in a post (bookmarked, unaware of others who suggested the same but I didn't put in the effort to search for them) about reducing stress on the timechain by trade that includes seperate utxo's and lightning, a few months later I encountered a kind of implementation of this idea where miners can trade their new mined utxo's for lightning. And there are possibly other methods too.
Monero is currently pushing ~43% of Bitcoin daily transaction without breaking a sweat. I don't see anything crumbling. Neither Bitcoin, Monero, nor Lightning can scale to billions of users and it may never be possible (or necessary) for them to Yes, we all know it's impossible for anyone else to solve problems outside of Bitcoin. It's a law of physics. I can't even make a turkey sandwich unless Bitcoin does it for me
With monero the whole blockchain needs to be used to find your transactions as they can be in a random chose address on the blockchain. So I don't think that I can prune anything because I would litterally prune one of the essential privacy features of monero. But I can be wrong so call me out if this is the case.
Kind of true. You can't prune to the same extent as other blockchains, but you *can* run a pruned node a fraction of the size of a full node. I've heard some say it is technically closer to "sharding" not pruning.
Wasnt this a joke from like a year ago? Is this thread an April Fools joke accidentally released early? I expected better.
If one man can attack monero and would be successful wouldn't that imply monero failed?
Yes, it's good for Monero if its stress tested. But it's bad for Nostr adoption if Fiatjaf is the one to do it
I don't see the connection between stress testing monero by fiatjaf and nostr adaption.🤔
pissing off people I'm trying to get to use the protocol
Just add `normal` to your transfer command
I’m sorry the thread is long. To clarify, Are you saying you had nothing to do with this Monero spam?
