monerobull

@monerobull@monero.town

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monerobull,

This is currently being looked into.

A potential small-scale spam attack?

In recent days, we had been hovering right around 35 to 40,000 transactions per day, and just in a very short amount of time, it’s went from that level up to 53,000. I am not aware of any major purchasing holidays, such as Christmas or back to school, that might cause a bump in transactions like this, so I’m wondering if it...

monerobull,

Could be but I don’t think so. We have seen increased transactions around summertime before, imo it’s people buying stuff to use during summer vacation.

There’s also the fact that more and more xmr transactions move away from binance-like-CEX to instant swappers. Oh and of course, the binance delisting was officially concluded 2 days ago and it was the last chance for people to withdraw their coins.

Is it just me or does every online Monero community feel like a ghost town recently?

The stackexchange is abandoned, the subreddits feel haunted, there are sparse posts that are few and far between with limited and carefully monitored activity, there isn’t much talk about Monero even in general cryptocurrency communities other than the occasional passing mention. Did i miss something? are external factors at...

monerobull,

Most of the regulars are hanging out on matrix. There are actually a lot of exciting things in the pipeline: Monerokon, Haveno, Serai, FCMPs, etc.

People have said the current bullrun in general is boring and the excitement is nothing compared to the last one. And Monero isn’t even participating in the current bullrun :P

monerobull,

Im quite happy with the pace monero.town is growing, especially since it was initially only set up as a fallback in case the subreddit gets banned.

Serai requires it’s own coin for the design to work, there is no real way around it.

monerobull,

The serai coin is mainly used as stake and pair for liquidity pools, it’s not supposed to be used for payments. Imo taint is less of an issue, you’re only at risk when not using Monero and that’s the case no matter if you got the coins from Serai or any other exchange.

monerobull,

On matrix the meetings are held and people just generally hang out. There is still r/monero & r/monerosupport as well as monero.town but that one’s a bit less accessible for people new to Monero.

Paranoid about the Seraphis upgrade

TLDR: I am afraid the Seraphis upgrade might make it possible for governments to pass legislation demanding all businesses and exchanges to collect wallet view keys from users for any and all transactions involving Monero and maintain records, hence allowing state sponsored blockchain analysis companies the abilty to ‘Trace’...

monerobull,

Yeah, just dming me on matrix would be enough :)

Open Letter to DNM Operators: Please Grow Horizontally! (monero.town)

I see a lot of comments on the Monero subreddit that Monero is economically viable because it has a monopoly over darknet market transactions. However, the demand for illegal narcotics from people smart enough to use Tor Browser is probably at the end of its elasticity. If this is all Monero has, Monero holders will be...

monerobull,

Great post 🚀

Really like the idea but see some problems with it.

the demand for illegal narcotics from people smart enough to use Tor Browser is probably at the end of its elasticity

While this is likely true, it doesn’t get easier to use Tor depending on whether you want to buy a fake Gucci sweater or black tar heroin.

I do believe Monero still has massive potential in swallowing up many P2P drug transactions should CBDCs be used to really clamp down on cash and when that happens, other sectors will be affected as well: “You’re carbon credit allowance for this month has run out, no more meat for you.”

monerobull,

Agreed. Currently we are at ~190 GB with ~8.5 GB growth over the last 3 months. This is just 34 GB per year and a 500 GB SSD would last another 7 years at the current growth-rate. You can already get 2 TB SSDs for less than 150€. Storage really isn’t the issue, the biggest limitation is bandwidth.

monerobull,

I don’t actually think 150GB per year is an issue. This still gives you +5 years on a 1TB SSD. That’s half a decade of time, Monero is only 10 years old. Plenty of time for storage to advance.

monerobull,

So what? It takes 3 days to sync an ETH node, 10 days for a chia node. These aren’t lightwallets, this is network infrastructure.

Many nodes are actually ran on raspberry PIs.

I very much doubt that considering how raspberries don’t have physical AES and already took +3 weeks to sync before the transaction spike.

We could easily exceed 2TB every 10years.

I’d be perfectly fine with that. Right now you can get 2 TB SSDs for about 1 XMR. At the current rate (and it’s been similar for decades) they will be worth less than 20$ in a couple of years. Monero turns 10 this April and we are currently at only ~200 GB. And we still have pruning!

Storage isn’t the limiting factor, it’s bandwidth.

monerobull,

Space nodes are at best useful as a marketing stunt. It’s really the worst place to put a computer. A node in a bunker is much safer and is actually maintainable after its initial deployment, if you need coverage anywhere on earth, Elon has already spent billions for you to utilize starlink :)

I’d propose to instead do a fundraiser to buy our own version of the cyberbunker where we can set up a real beefy node, host events, set up a hacker space, etc ;)

monerobull,

As far as I understand it, you can use it to sign a message with your private key and someone else can verify it with your address and this prove you actually own that address. Can also be used for logins, I believe mitra.social has that as an option.

monerobull,

Based on the current liquidity on samourai swaps and BasicSwapDex, I doubt there is THAT much volume going unnoticed but there is definitely some. I’m very interested in what SeraiDEX will reveal about Monero.

monerobull,

Very interesting statement 🤔

monerobull,

I love seeing stuff like this :)

monerobull,

Congrats on 6 years! Cake is an awesome wallet 🎉

monerobull,

Helium was very close to being a Ponzi scheme. LoRa has really low throughput, no way you’d be able to run something like Tor over it.

monerobull,

Great stats! Monero.com is my go-to mobile wallet for everyday use :D

monerobull,

This is an interesting proposal. From what I have heard, core doesn’t do all that much these days besides getting blamed when something goes wrong. Splitting up their responsibilities and decentralizing them sounds like a good option for Moneros future.

monerobull,

I’m working on yet another directory site as well c:

monerobull,

It looks like they are a very new company and their affiliate FAQ reads quite unprofessionally. On top of that a 8% fee. I’d steer clear and use buy.cakepay.web instead but that doesn’t mean these guys are scammers.

monerobull,

Damn that sucks. They had gas station gift-cards and I always thought that I could buy one with XMR should I ever run out of gas and get stranded somewhere without any cash.

monerobull,

It has been around for a decent amount of time and from what I could tell had a decent reputation. It might have even been per order escrow but the market can still steal the money in escrow.

Something like the particl marketplace would be great for repeat small time buyers but for everyone else the collateral requirements are either too annoying for infrequent buys or too expensive for large deals.

Can’t do 2-2 without collateral since the buyer has no incentive to release funds once they received their merchandise and even non malicious buyers would often just forget about it.

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