Viewing profile — gingeropolous

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 mo…

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…

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 dis…

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 ca…

> 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 tran…

> 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? fungibili…

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 c…