Subnostr

Replying to

XMR Future

What are you talking about? You are a bitcoin maxi NPC spouting buzzwords. Monero is proof of work.

At least do a bit of basic homework if you are going to trash it.

Nyoro~n 2y ago

Monero is consensus through software updates masquerading as proof of work

Replying to

XMR Future

If trusting a node to validate supply for you is fine, what is the problem when monero does it? Are you concerned of the complex math involved? (20+ year old cryptography)

You can't simply sum UTXOs like bitcoin. But, in practice, no one takes advantage of this anyway, they just run and trust a node to do it, so what does the real world difference come down to?

Nyoro~n 2y ago

You don't sum utxos, you trace them back to their origin/Coinbase 🥹 perhaps become more familiar with Bitcoin core before spouting nonsense

To validate supply, you trace utxos back to make sure transactions are recognized throughout the Bitcoin network as being legitimate -- meaning it was included in a previous block by performing work following consensus rules. The supply is validated when utxos are accounted for (utxos not accounted for would be fake Bitcoin), many nodes only account for their own wallet/utxos. Bitcoin allows anyone to do this because validation can be done independently from proof of work.

Replying to

HomelessG

Lmao. As if bitcoin doesn’t have gatekeepers. That’s a good one

Nyoro~n 2y ago

Proof of work means there's no gatekeepers

Go back to school 😗

Replying to

XMR Future

Manually means manually. You aren't taking advantage of bitcoin's transparency by typing in a command. Go ahead. Read and tally every UTXO on the blockchain by hand let's see if it balances out and implementation is correct. In practice, no one does.

Remember, you are the one touting it's transparency as it's strength, while not taking advantage of it, not me.

I understand the trade-offs of both and use both. You are the one who seems not to.

Nyoro~n 2y ago

Wtf are you talking about? It totally balances out 😅 all the sats are accounted for at every point in time (although not all have to be collected), down to the bit starting from block 0

Replying to

XMR Future

So, is all FOSS considered gatekeeping to you? Because it works the same way.

If an update is really that contentious it will fork. Monero community has a clear goal to pursue, private p2p digital cash, and been overwhelmingly in agreement on updates.

Willing to bet you have never taken advantage of bitcoin's transparency and manually validated supply. So, a bit larpish. But you might trust a node is doing it correctly for you. Exactly like a monero node. Just because you don't know how pedersen commitments work doesn't mean your node can't do it.

#[7]

Nyoro~n 2y ago

You're willing to bet I never ran gettxoutsetinfo on my node? I run lightning, my node has to do it every block 😅

You're an idiot who doesn't understand the trade-off your shitcoin made much less the math that is being used 😅

Stop ignoring your Bitcoin homework 😗

Replying to

XMR Future

You see no benefit to nearly anyone being able to participate, and discretely mine, on already available general purpose consumer hardware? From that aspect, I don't see how it is not more decentralized.

Bitcoin mining becomes less in reach of the average pleb because of highly specialized and expensive ASICs. Increasingly done by easily targetable corporate mining farms.

I can see arguments for both.

Nyoro~n 2y ago

I see the benefit in not artificially gatekeeping the ability to validate supply and publish blocks by leaving it up to software updates 👀

Replying to