anesthesia

joined 1 year ago
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Perspective for US given the horror clown from all the same. in c/monero@monero.town
[–] anesthesia@monero.town 1 points 9 months ago (1 children)

I'm gonna be honest I didn't understand jackshit from your reply. So I won't comment on it, maybe my US-english-rant-comprehension skills are not the best. I'm not saying it's wrong, I'm just saying that I did not comprehend it due to language barriers.

However, ditching the Dollar will not make "rich" people broke. It will make the average person that doesn't ditch the dollar in time, broke.

If people ditch the dollar (or any fiat for that measure), you will have 3 types of people:

  1. The early adopters of this new money (hopefully Monero), which will end up with a lot of purchasing power
  2. The people that don't believe in it, that kept most of their money in their bank account which is now worthless - This is the average person. It's your mom who spent 40 years working to save 100k to retire, which just became worthless now so she can't retire.
  3. The rich dude who is worth millions or billions, but has probably less money in his bank account than your mom, since most of his wealth comes from real estate, company stocks and other types of investments, and bussinesses that he owns, that generate either dollars, or whatever people decide to pay in at the moment. If people migrate to Monero, it will be Monero. So this guy will not be thaaat affected by the change.

I agree with you that we should "ditch the dollar" or the Euro in my case, but it will not be beneficial for most people in the short term as you might think. At least that's my opinion.

It will be beneficial for them if they manage to swap their assets into Monero in time, but not otherwise.

Can I just rsync lmdb? in c/monero@monero.town
[–] anesthesia@monero.town 1 points 10 months ago (1 children)

Quickly googled about rsyncing big files. It is aparently slow, as it must checksum the whole file.

My guess would be that: If both blockchains are NOT pruned, then it should be fine but super slow If they are pruned, then since the pruning involves randomness, I guess it would be useless to rsync them. Because the history will be different.

My bet is that a normal copy would be better.

1
Question on Initial node Connection (monero.town)
 

I have a quite more technical question regarding how Monero nodes (and other P2P networks) work.

The question is: Once you start your node for the first time, or after it being shut down, how does the node find the first P2P peer?

I get that torrents for instance use trackers for this. But how does Monero (or other cryptos) do it?

I am guessing Haveno does the same thing? ie: Haveno is essentially connecting to two P2P networks at the same time, namely the Monero and the Haveno networks. What tech does Haveno use to find the first peers? Is it related to the seed nodes?

How does Monero do it without seed nodes?

1
Monero, Haveno and Russian sanctions (monero.town)
 

The ongoing Russian conflict has caused Euro Union and other political powers to heavily sanction Russia. Some of these sanctions involve blocking bank transfers between the eurozone and Russia.

Now I do not want to enter a political discussion here, but I think most of these sanctions are actually hurting the individual citizens more than the government to whom they should be targeted.

This has caused that a lot of people that live abroad cannot for instance send money to their loved ones in the country, spend money whenever they go there for a visit, or for people who live and earn money in Russia to spend that money abroad.

Additionally, many banks have seized Russian-owned bank accounts in Europe, essentially stealing their money without them being able to do anything to prevent this.

Of course we could get in the argument here that you do not really own your hard-earned fiat money. After all, if I cannot spend my fiat money in a bakery in Russia, do I really own my money?

This is where Monero shines (or should be shining) in my opinion. Monero should give Russians the ability to break free from these sanctions and actually spend their money however they want.

However, looking into Haveno, there are 0 offers in Russian Rubles (RUB), and historically there have been zero trades with RUB. Also trying to find information on Russian forums about Haveno, no one seems to talk about it at all.

However, before Haveno came out officially, I used another centralized P2P exchange called bitpapa, which I do not promote or recommend, as even though I used it without problems on some occasions, I do not know if it can be fully trusted.

My experience is that (maybe just a coincidence) all trades I did there were done with Russians. So it seems that that platform might be the one preferred by them.

And here is where I want to open a discussion:

Why do you guys think is the reason that there are so little trades in a currency so heavily sanctioned, when Monero is supposed to fight exactly against this kind of issue?

Perhaps there is some failure in our communication methods, and the information about Haveno is not reaching the relevant forums or circles?

1
Question regarding Monero fees (monero.town)
 

I have a question regarding Monero fees.

Currently a transaction gets you to pay around 0.00003 - 0.00005 XMR of transaction fee.

This is a very small fee, and given that XMR is priced at ~150€ it results in less than 1 cent of fee (0.6 cents approx).

I know of Monero's dynamic block size and that it will contribute to keeping fees small in the future given increased usage.

However, imagine a scenario where Monero's price skyrockets. Let's say current BTC price of 66k€.

A similar transaction fee of 0.00004 XMR would result in 2.64€ of transaction fee. This would make XMR unusable (or at least not interesting) for transactions of 10€ or less, given that the transaction fee would be 25% or more of the intended spend value.

I know that it is very unlikely that XMR reaches those values, but in that hypothetical scenario, what would happen with the fees? Would the absolute fee value in XMR go down? Is there a system already in place for this? Would the devs manually lower the fees?