Governments can't have blank checks. They act like they do, but all they can do is print money really, and to attack they have to spend it all on BTC or XMR just to pay miners. The money devalues as they do it, and eventually to a point nobody wants to give them real BTC or XMR for their paper. They could confiscate people's stuff and sell it to other countries and keep it going a little longer, but that's destruction of their economy, ultimately they hurt themselves more than they hurt the network.
Well, you can't pay fees in USD. They have to take their dollars and buy bitcoin with it to do this. And then they have to pay all the highest fees for all their transactions, higher than everybody else to ensure that no transactions get through. Anyone willing to pay more than them will force them to up what they're paying. Ultimately they'll spend everything they have on one block of transactions, have to buy more which means allowing someone to send them btc in a block, them do it again. They'd run out of money real quick.
In XMR, the block size would just keep getting bigger and they'd pay a huge premium to keep it happening. And again, they need XMR to pay fees, which means they need someone's transaction to get onto a block, and they can't spend that transaction for 10 blocks. The numbers on this are even worse than bitcoin because of the dynamic block size, they'd run through everything quickly, make the block space huge, then get a tx, wait ten blocks and start over again.
You can do either of these for a little while, but nobody has a blank check big enough to keep this up for very long. The fee market means that their cost goes up the longer they do it, and in XMR case, the block size too which means they have to increase the number of transactions they're putting out while simultaneously increasing the fee they're paying for each one.
This assumes that miners of course won't blacklist their addresses, they have an incentive not to, who doesn't want to take their money? But they also have an incentive to, the coins they're earning are worthless on a network that you can't use. Ultimately I think they would if it managed to go on long enough, and if that happened anything in those addresses is stuck there and they have to buy more and send it to a new address and start over. If they continued on indefinitely either way, soon all their capital will be in the hands of the miners and the currency they're buying coins with will hyperinflate to worthlessness. At that point nobody is taking their dollars or whatever they're printing for bitcoin or XMR and they wouldn't be able to continue.
This is of course in the scenario where they do it indefinitely, as you can see it's not viable even for governments.
I've got 91. I dunno, I use most of them daily. There's stuff that's just a utility such as scrbled exif, stuff I use once in a while such as sat stat, stuff replacing default apps such as my file manager and stuff that shows up but I don't really use as an app like my text to speech engine.
Install Garnet and I'll prove you wrong right now.
If youre using mobile, use Garnet and I'll give you an itty bitty little monero tip so that you can get started in the nostr xmr tipping economy.
The fees.
So in Bitcoin, demand for block space is already high and the block space is limited, all a spammer can really do is drive up the cost of transactions, which they also have to pay to maintain the attack.
In Monero, there's the adaptive block size, which has a somewhat complex scheme but basically miners are incentivized to keep the block size down with a cost to raising it so they won't raise it until the value of the additional transactions outweighs the cost to raising it. So a spammer can try, but they'll only raise the cost of transactions for a time after which they'll not affect the throughput at all, they'll only raise the size of blocks. To continue this attack they have to keep fees high and increase the number of transactions they're doing, so they have to pay higher fees and more fees for more transactions.
In both cases these types of attack are very expensive.
I'm going to say it: I think nostr is becoming too complex.
The relays handle everything, there are too many message and event types, multimedia transport is still reliant on http (and I'm working on a solution to that, if it requires a new NIP before I'm finished I'm going to scream at my computer), single application protocol proposals...
I miss dumb pipes.
Does it work right yet? I remember in v0.2.0 it was not parsing out correctly.
There's between 100 and 200 (sometimes more and growing) million USD equivalent daily volume for XMR, and that's only on CEXs. We have DEXs, p2p and trade for goods as well.
XMR did dump by 50% to BTC when binance delisted. It has since recovered 50% and is on it's way up still relative to BTC. Binance and other CEXs were trading XMR that didn't exist (nobody should be using a CEX that doesn't publish the viewkeys for their XMR reserves) and then when they delisted they disallowed withdrawals, forcing people to sell for something else. It should not have recovered if the price weren't due to deliberate suppression, yet it's recovering as we speak. i expect it to perform well in the coming years relative to BTC, possibly outperform it.
If you want to buy XMR, kraken is good outside the UK, and there's always Bisq (for BTC) and Haveno (for fiat).
You've never been banned from their subreddit?
We are everywhere. Check my follows, several of them are using it.
> You didn't trace anything
I did. I identified this pubkey as the sender: 23396ea4b0ab93e3417c3650d47b1c8414bb593d7fc9cdb1b27244e139645302
The rest are the decoys. My tool uses on-chain data and two heuristics to identify the true spend. The two heuristics are explained on my github:
https://github.com/supertestnet/examiner/
Someone told you monero can't be traced by they were wrong. Ciphertrace has a tool for tracing them and now I've released a free and open source alternative.
OK, so how do you know you've got the right sender? Like others are saying, if you can only trace the sender correctly in 1 of 15 transactions, you're not beating randomly guessing. You'll guess correctly 1 out of 15 tries, and you'll have no way to verify you were right. What's your methodology for verifying correctness on that 1 of 15? If you have that then you might have something, because if not then you've got no way to know which out of 15 was the correct guess.
I personally don't use gossip because the GUI is sluggish and slow.
Youre using the testnet version. Your address starts with a 5, that's how I know. Mainnet addresses start with 4 (and sub addresses start with 8, but that's not applicable to garnet). You're going to have to fix that, I've talked to a couple of people that have had strange problems I don't understand with regard to that, try installing the mainnet version and see if your XMR address changes.
The epiphany: all this stems from the money.
I know I sound like everything wrong in the world is the result of my pet cause, but I've thought on this quite a bit. Cheap money creates a cheap people. Sound money means you have to produce real quality benefit for others to profit.
"Not artificially restricting" != charity.
The work was already done, why take it out? That's not the same thing as taking it upon oneself to build things you don't have a need for. If someone wants to build that why not? I don't feel like building it. Do you?
*your
Man, I really wish Amethyst (and therefore Garnet) and for that matter all clients allowed you to put curated feeds together. I could have my follows and then just check topic based feeds or feeds based around groups of people. I don't know why nobody ever builds stuff like that.
Getting a tipping economy going is difficult because getting XMR into people's wallets for tipping is hard, it's a chicken and egg problem.
Thanks to nostr:npub12rzunrxvx89f78h4df284lzvkjqetljkq0200p62ygwmjevx0j8qhehrv9 for beginning the process for a lot of people the other day, including for myself (and thanks to some anonymous individuals as well), to keep the XMR tipping thing going we have to tip. I have personally ddecided that all XMR tips I get on nostr I'm going to pass on over time to others. Right now my rule is, anyone who I stumble into who is just trying out Garnet gets a tip. Later as it catches on more it's going to be more casual, if what you've written stirs my mind, tip for you.
Here's to hoping this can get beyond content tipping and there can be some market activity on nostr with XMR.
Because we believe in freedom and don't feel the need to artificially restrict people's options.