its less efficient because decentralized things are less efficient by design. they sacrifice efficiency for the authoritiless nature. That is the goal - to remove authority from money. Money should just exist and have…
but it does have to do with the dollar bills. The discussion centers on the technology as a currency and money. I think these things have bee separated in our general understanding of things, but in bitcoin they are…
yes because thats clearly how money should work.
https://medium.com/@danhedl/pow-is-efficient-aa3d442754d3
> No, I want the world's energy and carbon footprint to reduce, rather than have people with a decentralisation fetish invent new ways to incentivise thrashing. Then any way to dismantle the existing…
Thats also bitcoin/cryptocurrencies. Decentralized money is insanely complicated compared to centralized money. There is no efficiency here.
In Monero, this is known as a "subaddress", and has recently undergone review by the Monero cryptographers. https://github.com/b-g-goodell/research-lab/blob/master/publ... All I can really say is that the cryptonote…
> but transaction fees do not decrease as more transactions occur. Yes, it does. The transaction fee is a dynamic fee based on the block size. As the block size increases, the transaction fee decreases. The theory being…
> In a P2P economy (which is this technology is meant to lead us) fungibility problems are not a thing beacuse there is no relative central party to make a standard. wat? fungibility is not about a standard. fungibility…
not true. Monero has had forced ringsize > 1 (the new term for mixin, because mixin implies active mixing) since around 2016 or so. http://moneroblocks.info/stats/ring-size ooh i can edit. And the recent fork increased…
its less efficient because decentralized things are less efficient by design. they sacrifice efficiency for the authoritiless nature. That is the goal - to remove authority from money. Money should just exist and have…
but it does have to do with the dollar bills. The discussion centers on the technology as a currency and money. I think these things have bee separated in our general understanding of things, but in bitcoin they are…
yes because thats clearly how money should work.
https://medium.com/@danhedl/pow-is-efficient-aa3d442754d3
> No, I want the world's energy and carbon footprint to reduce, rather than have people with a decentralisation fetish invent new ways to incentivise thrashing. Then any way to dismantle the existing…
Thats also bitcoin/cryptocurrencies. Decentralized money is insanely complicated compared to centralized money. There is no efficiency here.
In Monero, this is known as a "subaddress", and has recently undergone review by the Monero cryptographers. https://github.com/b-g-goodell/research-lab/blob/master/publ... All I can really say is that the cryptonote…
> but transaction fees do not decrease as more transactions occur. Yes, it does. The transaction fee is a dynamic fee based on the block size. As the block size increases, the transaction fee decreases. The theory being…
> In a P2P economy (which is this technology is meant to lead us) fungibility problems are not a thing beacuse there is no relative central party to make a standard. wat? fungibility is not about a standard. fungibility…
not true. Monero has had forced ringsize > 1 (the new term for mixin, because mixin implies active mixing) since around 2016 or so. http://moneroblocks.info/stats/ring-size ooh i can edit. And the recent fork increased…