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DragonSidedD

@ DragonSidedD @monero.town

Posts
2
Comments
38
Joined
8 mo. ago

  • Is Qubic's attack strengthening the case for Monero to migrate to hybrid PoW/PoS?

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  • not if anyone can bring up a node

    Again, Federated Byzantine Agreement, like Fediverse: anyone can bring up a node (in this case a network validator)

    It's up to clients/wallets to pick a selection of validators that are not in collusion with each other.

    The real loss in FBA design is trustlessness. That is really what PoW provides.

    A bad-faith PoW actor still has to pony up ~50% hashrate. A bad-faith validator just needs to spin up a few validatorss and convince people to configure their wallets to pick more of the bad-actor validator nodes instead of honest nodes.

    IMO, it's a small price to pay for the benefit of being (a) super high max. tx/s, and (b) "green", low-carbon-impact crypto

  • Is Qubic's attack strengthening the case for Monero to migrate to hybrid PoW/PoS?

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  • AFAICT the process of registering new nodes could be decentralized or centrally-managed; neither way is specific to the FBA design.

  • Is Qubic's attack strengthening the case for Monero to migrate to hybrid PoW/PoS?

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  • FBA but it seems relatively centralized

    Only as much as the Fediverse is. Not all of us run big nodes or even little monero.town

    IMO it would not be any different from today. In theory every wallet can be a node. How many people actually run nodes vs just have wallets? The same people that run nodes today, would run FBA validators.

    And the network would support 3 orders of magnitude more tx/s, and consume no more electricity than Fedi services.

  • Is Qubic's attack strengthening the case for Monero to migrate to hybrid PoW/PoS?

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  • it's been years now but I remember looking at re-org data and just shuddering

  • AI Is A Money Trap

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  • fair

  • AI Is A Money Trap

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  • AI Is A Money Trap

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  • Perhaps you are unaware that AI has solved the Proteome. This was expected to be a 100 year project.

  • MD = oMega Dumbass

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  • Naturally , people die before age 45 and a hell of a lot of women and children do not survive the agony of childbirth

  • AI Is A Money Trap

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  • Oh god, another AI hot take 🙄

    Yes, OpenAI and Cursor both are waaaaayyyy overhyped & overvalued.

    So were pets.com and yahoo.com back in 1999. But that didn't stop FAANG from becoming honestly trllion-dollar valuation because while there was breathless Internet hype, the Internet was about to completely change the way the world works.

    AI today is like the Internet in 1999.

  • The World Will Enter a 15-Year AI Dystopia in 2027, Former Google Exec Says

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  • “You cannot regulate the design of a hammer so that it can drive nails but not kill anyone, but you can criminalize the killing of a human by a hammer,” Gawdat said.

    God I hate managers who think they're so deep 🙄

  • Is Qubic's attack strengthening the case for Monero to migrate to hybrid PoW/PoS?

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  • I think the majority of the Monero community shares this concern. If there was a better solution for the purposes of securing a decentralized ledger, we'd move on it quickly. Problem is, in all these years, as a community we haven't seen a better system.

    PoS tends to continually centralize power. End of story. There is no situation where PoS does not ultimately fully centralize.

    Ostensibly super fast mechanisms like Nano are subject to insane re-orgs, which they mitigate by checkpointing the chain, which means the re-orgs that should have happened, don't happen, ... it's a frickin' trainwreck and would be exposed as such under real-world high scale loads.

    IMO the next-best solution to PoW is Federated Byzantine Agreement (FBA) aka "validator nodes" like Stellar. These are crazy high throughput, super efficient, and slightly more centralized -- that wallets have to choose a set of validator nodes, and hope that those nodes are not colluding.

    Think of FBA Federation as being like the Fediverse: there are semi-centralized hubs. But anyone can spin up a hub and people can migrate easily. It's not 100% decentralized where every node is identical. But you get orders of magnitude more throughput and less electricity use.

  • BBC: what happens to African sex abused and AIDS positive kids when USAID disappears?

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  • It's too early. I read this as "Release the Epstein tapes"

  • Merged Mining and Proof of Useful Work - Security Implications for Monero. W/ Francisco Cabanas |(MT 358)

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  • Removed

    Decentralization & Trust Models in Monero DEXs — Some Observations

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  • Sorry but with a clickbaity title and a blank page this post smells like an astroturf

  • Chrome is Finally Enabling Automatic Wayland Detection

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  • Why not, it's doing its damndest to detect everything else

  • World News @beehaw.org
    DragonSidedD @monero.town

    BBC: what happens to African sex abused and AIDS positive kids when USAID disappears?

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    Petition to make Steam accept Monero (XMR)

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  • TBH I think pr0n and cam sites should lean in to Monero.

  • Bitcourier Interviews Freedom Dollar - Freedom Dollar

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  • First, ASIC investment disincentivized network updates and crushed innovation.

    Then VenmoCashAppApplePayZelle became instant person to person virtual debit cards superior to most crypto for most purchases

    Then USDT/Tether showed what a bad idea stablecoins are (like, just use Venmo or w/e)

    Then NFTs made crypto synonymous with scammy

    Then the Trump administration made stablecoins and grift synonymous with public policy

  • Merged Mining and Proof of Useful Work (PoUW) - Security Implications for Monero w/ Francisco Cabanas | Tune-in to a LIVE MoneroTalk episode TODAY 07/30 at 5:00PM-EDT!

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  • I hadn't heard of "Proof of Useful Work". From the the name alone, it sounded like stuff hyc and others were looking at a few years ago, just before it was realized that the only way to really ASIC-proof the algo was a fully random-yet-deterministic state machine (Tevador's RandomX)

    But then I did a quick search and read what appears to be the most up-to-date and authoritative paper on the subject, and it's based on the idea that fast matrix multiplication is an inherently good and relevant computation.

    Ummm... yeah. No, afaict their paper isn't concerned with the issue that this is an inherently GPU-friendly algo and so favors centralization. The paper focuses of course on making a prover and verifier out of FFM operations.

    Which is cool and you can get an ArXiv paper out of it, but not relevant for the real-world at-scale adversary-rich environment that is Internet Currency.

    (Edit: 1. No I didn't watch the video; someone please LMK if it discusses a different PoUW 2. I did check and no, Cabanas is not one of the paper authors fwiw.)

  • Monero @monero.town
    DragonSidedD @monero.town

    Fluorine Fermi, Point Release 4.1

    github.com /monero-project/monero/releases/tag/v0.18.4.1

  • "Anti-porn" payment processofs has hit itch.io

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  • I cry for the world that could have been, if Tor and Monero gained widespread adoption

  • Teufel Introduces An Open Source Bluetooth Speaker

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