Mike / bigreddmachine

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Mike / bigreddmachine

Mike / bigreddmachine

@MoneroMonitor

Host of the '17 Monero Monitor podcast, exploring the Bitcoin & Monero space. | /u/bigreddmachine

USA Beigetreten Şubat 2017
261 Folgt1.2K Follower
Ben DiFrancesco
Ben DiFrancesco@BenDiFrancesco·
I really mean this: every software engineer worth their salt should drop everything else and come work in crypto. The upside is enormous. There is almost no downside. If crypto disappears you're still a developer, i.e. HIGHLY employable by almost every company on the planet.
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Mike / bigreddmachine
Mike / bigreddmachine@MoneroMonitor·
@Frances_Coppola If your hardware wallet is stolen, hopefully you've used a PIN to encrypt it and that buys you some time to transfer your coins out of the wallet using your recovery seed. But you don't need the seed to use the hardware wallet... Just the PIN.
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Frances 'Cassandra' Coppola
Frances 'Cassandra' Coppola@Frances_Coppola·
A few people have pointed out that this isn't strictly true. You can also lose all your money from a hardware wallet if your mnemonics are stolen. But it is more complicated for thieves than accessing an online wallet.
Frances 'Cassandra' Coppola@Frances_Coppola

Online wallets are less safe than hardware wallets because only the mnemonics need to be lost or stolen for you to lose all your money. With hardware wallets, both the wallet and the mnemonics must be lost or stolen - hence the need to keep them separate. 5/

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owocki
owocki@owocki·
oh so you’re a numbers guy huh? name all the numbers
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Riccardo Spagni
Riccardo Spagni@fluffypony·
Fine @brucewagner, I’ll bite. Show me how much I sent, to whom, which output was actually spent, and the IP address the tx was sent from. I’ll wait. txid: aae87c5bae9a7cbd615c47e91280a6171a5b19d5e46e720d9995954a7aef7996
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Mike / bigreddmachine
Mike / bigreddmachine@MoneroMonitor·
@zooko I tracked this down further to its source and found that a "payment" is any non-zero tx output.
Mike / bigreddmachine tweet media
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zooko🛡🦓🦓🦓 ⓩ
cybercoins which have 1. market cap ≥ $1 bn 2. real volume ≥ $100m / day 3. transaction volume ≥ $100m / day 4. payments ≥ 10,000 / day along with the six metrics that I think are most important
zooko🛡🦓🦓🦓 ⓩ tweet media
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KC🗽
KC🗽@the__misfit·
@MoneroMonitor “SEC is tryna fine me for my IPO scam and the IRS tax law man I don’t give a damn…”🎶🤣💀
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KC🗽
KC🗽@the__misfit·
if anyone has good vocal covers please send. my ears want to hear human singing voices today thank you!!
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Cameron Ruggles
Cameron Ruggles@CameronRuggles·
CoinMarketCap but for number of nodes reachable within 24 hours. Does such a thing exist? Would look radically different, maybe even with XMR at the top, followed by bitcoin. XMR: 11547 BTC: 10491 Any crypto with more? What's in 3rd place?
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Mike / bigreddmachine
Mike / bigreddmachine@MoneroMonitor·
@john_r365 @cankerwort_ The shorter the block interval (2 mins for XMR) the bigger advantage even a few seconds gives. 6 seconds is a ~5% advantage (simplified example)
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Mike / bigreddmachine
Mike / bigreddmachine@MoneroMonitor·
@john_r365 @cankerwort_ All other miners will need to verify the block before mining on top of it. So if the miner packs their block, that adds extra txs for the competition to verify before they can mine. Which means the miner has a few extra seconds head start.
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Mike / bigreddmachine
Mike / bigreddmachine@MoneroMonitor·
@john_r365 @cankerwort_ Arguably, there is a very small fee that a miner should require, such that the added time/cost/risk to them for including that tx in the block is covered. This is super miniscule though, and the anti-spam "minimum fee to relay" setting more than covers that
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Mike / bigreddmachine
Mike / bigreddmachine@MoneroMonitor·
@cankerwort_ @john_r365 Tend to agree fees should be a bit higher, maybe ~5¢? However, fees aren't really a consensus thing right now. The core implementation won't relay txs with fees below a certain level, but miners can mine any tx they want. If blocks aren't at the min adj cap level, it's kinda moot
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cankerwort
cankerwort@cankerwort_·
@john_r365 @MoneroMonitor Personally, I think fees need to be increased by at least an order of magnitude to reduce the risk of chain bloat by a bad actor and to encourage development of something like this. Is it controversial to say fees are TOO cheap?
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