I wasn't around for them, but apparently there was at least one rather contentious hard fork. Back when random X was introduced that stopped ASIC miners from being able to mine it, and the original, I guess, was called "Monero V" or something. Obviously, most of the community did not want that because they want digital cash and believe that anybody should be able to get their hands on it. And ASIC devices would prevent that. Also, the Monero community believes that ASIC devices are extremely centralizing because only a couple of manufacturers make them. They only have one purpose and they can be easily tracked from imports and stuff. Like, if I buy an ASIC, there's only one thing I'm going to be doing with it, and that's mining crypto. But if I buy a high end gaming computer, I might be mining Monero with it, but I might also be playing Skyrim, or something like it. And they don't know which it is.
I don't know about Doge, but Monero has a short-term average block size and a long-term average block size. The short-term average block size is meant to handle things like the holiday season where shopping increases dramatically for a couple of weeks and then drops back off. And the longer-term average lets the network grow without letting it grow too quickly and causing storage problems. If a minor wishes to submit blocks larger than what the blocks have recently been, they are charged a penalty and expected to make that penalty up with transaction fees. So therefore, if transaction fees are higher than the penalty they would lose by making the block larger than they are incentivized to make the block larger. The short term block average will not allow blocks to get larger than a certain amount which is an effective cap until the longer term block size limit rises.
As an example, most blocks are about 300 kilobytes right now, and I believe the long term number is set at like 500 kilobytes. So a miner can make blocks up to 500 kilobytes in size, but cannot exceed that for the next like 50,000 blocks, at which point that number would rise and they could make blocks larger again if they need to.
If you are more interested in the details, please look up ArticMine. He is the Monero scaling guy and knows much more about it than I do.
answering your second question first XMRBazaar.com, MoneroMarket.io, and Monerica.com.
As for your first question, it's the privacy because you don't have to switch back and forth between a currency that is private and a currency that is not private.
Some people incorrectly say that the supply of Monero is unlimited, which it is not, because it would only be unlimited over unlimited time, and we as humans do not have unlimited time on this earth. It does have some inflation because of the 0.6 Monero Tail emission reward, but that's specifically to replace lost coins over time and incentivize miners to continue mining the chain and not relying on only transaction fees, which are unsteady. Monero's current inflation rate is 0.85%, which is less than the inflation rate of gold, according to the World Gold Council, which has roughly 1.5% inflation per year. And we know exactly how much Monero is going to be released at all times, where with gold, that is not the case.
Of course there is LOL.
I'm very much looking forward to it because we haven't had a service like that since the shutdown of LocalMonero in May and that was a big problem. Getting somebody the initial Monero for a deposit has been a real challenge and I'm glad it's coming to an end.
HOLY SHIT! NEW #MONERO HARDWARE WALLET
https://optoutpod.com/episodes/open-source-security-zach-herbert-foundation/
BREAKING NEWS:
Next version of #Haveno will support buying with no security deposit up to 1 #Monero.
https://github.com/haveno-dex/haveno/pull/1463
Will be a mandatory update for all users
It is getting better two months ago. That was 14 trades per day. So we've gone up by 10 trades per day in two months and it's only continuing to rise.
I love having my own keys. I don't have to deal with a stupid username and password. And since my key is in my password manager, I know I'm not going to lose it. Because if I did, I'd have much bigger problems than just my profile.
My December newsletter is available now.
The topic for this one is mainly Bitcoin:
https://www.lynalden.com/december-2024-newsletter/
I FCA into #Monero every month. I use some of it as cash to buy things I want, but I hold more than I spend. So I'm always increasing a little bit.
Eli5: Exactly how is the blockstream satellite thing useful? I understand that you can synchronize a full node from the satellite and while admittedly that is cool as fuck. It doesn't seem to have any use because you can't send #Bitcoin transactions out unless you have an internet connection or you sign a transaction and then put it on a flash drive or something and take it to where you do have internet. Am I missing something here. The other use case I've heard of is remote mining facilities. But even then, they would have to broadcast their mined blocks over a cellular connection or something. Unless the cellular network is extremely expensive, you could just synchronize your node over that instead of dealing with the satellite.
I got caught up in a rabbit hole and went down the block stream, Bitcoin satellite thing. Turns out when Bitcoin blocks are totally full, you need at least 18 gigabytes of data per month to keep up with the Bitcoin blockchain.
The tree of liberty must periodically be watered by the blood of tyrants.
To those who would trade freedom for a little temporary security deserves neither freedom nor security.
And I'm certain I'm butchering that quote LOL.
#RetoSwap (formerly #Haveno-reto) now does 24 trades per day.
I've thought about this and I think if there's one thing I could change, I would dilute the power of the presidency by requiring three presidents and two of whom must agree on any change in order for it to happen. I'm thinking like executive orders and stuff. At least two would have to agree on it beforehand. Either that or have one president for each nationally recognized political party. And then if there's some sort of tie for some reason, then something like the Speaker of the House would have a swing vote or something on any actions.
i like lemmy though. Admittedly, there are a lot of crazies on there, but I still enjoy being there.
Rofl! On lemmy I pointed out that the FDIC only has one percent of what they claim to ensure and some crazy person got all defensive about it and basically tried to make it sound like that was perfectly normal. If I can hold 1% of what I claim to, then I would be their banker any day. With friends like that, who needs enemies, right?
#FreeIanNow https://chng.it/zmzHs28CMq
It will take time for that narrative to fade. Take El Salvador in 2021, making Bitcoin legal tender. And everybody said that was stupid. And yet three years later, the President of the United States talks openly about making a Bitcoin strategic reserve. Narratives both good and bad take time to propagate.