- subsistence234 parentBecause the German law only harms Germans, whereas the Italian law in question demands global bans.
- what in the marvel slop redditor fantasy is this?
- There's no accountability or due process. According to this brilliant law, if some crony with write-privilege adds your website to a list, the whole world has to ban your website within 30 minutes no questions asked.
- Really?
A group of people who were elected by nobody, should, without any accountability or due process, be able to ban any website they don't like from the internet? And not just for Italians but globally?
Even if you think this is a great thing for Italians (I have no idea why anyone would think that), you expect the whole world to surrender to this absurd demand? Categorical imperative???
- where is the mythical land of people that prefer gamey metallic beef?
- > he is accused of targeted harassment
yeah but that's an accusation without basis in reality.
- Is there really a dearth of maintainers for the originals? They already work fine, no? To me it sounds a bit like: "Addition has become stagnant, so we need to re-implement it in higher category theory. Sure, 99% of even research mathematicians don't benefit from that re-implementation. But no risk no reward! If vocal traditionalists refuse to contribute to reinventing the wheel, maybe they're working on something that hasn't been refined/stagnated decades ago, but I won't take their perspective (that addition already works fine) seriously, unless they start re-implementing addition as well."
- non-LTS release means beta now?
- the result of this licensing: in the future there's gonna be a shitty free linux variant, and a SaaS premium variant. of course for complete distros this has always been the case, but now we'll get it for the core components.
- With only 5% down there is no safety buffer. Lenders and insurers will take advantage of your precarious situation.
- nobody is falling for this nonsense anymore.
- Ethnic Brits are the people whose majority of ancestors two centuries ago were living on the British Isles.
But I was talking about Brits in a wider sense -- the people with British passports and voting rights at the time when those mass migration laws were passed. Which happened against their consent.
- I was completely wrong about the cost. XMR mining rewards amount to only $150k/day.
At the height of the attack, Qubic (the company) paid people up to $3 in QUBIC for every $1 of XMR they mined through QUBIC, and they achieved around 33% of XMR's hashrate which was sufficient to mine the majority of blocks for a few hours.
If they were forced to buy back all those QUBICs they paid out, this might have cost them ~$100k/day. But thanks to the media attention it's likely that they didn't need to buy anything back and actually were able to emit more than they otherwise could have.
XMR needs to adapt -- switch to PoS, or ASICs-based POW, or a hybrid of both.
- I was completely wrong about the cost. XMR mining rewards amount to only $150k/day.
At the height of the attack, Qubic (the company) paid people up to $3 in QUBIC for every $1 of XMR they mined through QUBIC, and they achieved around 33% of XMR's hashrate which was sufficient to mine the majority of blocks for a few hours.
If they were forced to buy back all those QUBICs they paid out, this might have cost them ~$100k/day. But thanks to the media attention it's likely that they didn't need to buy anything back and actually were able to emit more than they otherwise could have.
XMR needs to adapt -- switch to PoS, or ASICs-based POW, or a hybrid of both.
- the majority of brits did not consent, and it's not even close.
- not the majority. not even close.
- > Don't most people start with a way smaller deposit? Like 5% is common these days.
5% down is insane. predatory lending IMHO.
- > hardly the migrants fault
Of course not, but it's the fault of whoever lobbied for and passed those laws.
> we are inviting them.
Who is this "we"? It's not the British people.
- Whenever anyone on earth does something bad, it's basically Nick's fault. Nobody except Nick has agency or responsibility. They're all victims, except Nick.
- >Tell me, how well did that work for Grin?
Crypto projects succeed/fail for all kinds of reasons that are completely unrelated to de-/centralization. You'll have to be more specific about what Grin's case should teach us.
>So then, _centralize_ around an ASIC?
ASICs are commodities. For BTC (SHA-256) there are at least 8 different companies producing ASICS, and even a smaller project like KAS (kHeavyHash) has >4 competing companies. Not much centralization risk on that side, at least not for mature projects (which a hypothetical ASIC-XMR would be by now).
The main challenge for ASIC-miners is the same as for CPU- and GPU-miners: cheap electricity -- and that's not something that can easily be centralized.
- Oh yeah for sure.
- What percentage of unknown miners is Qubic?
- AFAIK Qubic (the company) is paying people extra to mine XMR through Qubic (if you mine $1 worth of XMR, you get $1.50 worth of QUBIC (the coin) which you can then sell). Qubic (indirectly) loses those extra $0.50. If on average the miners sell too much (more than two thirds of the rewards), then Qubic has to buy their own coins back in order to keep the price stable. Qubic bets on their coin pumping from the publicity.
- It's mainly an argument against CPU/GPU mining. If you have invested in specialized hardware that can mine only one coin, you're strongly incentivized to protect trust in that coin. An attacker like Qubic would need to pay you a lot more than they need to pay a CPU miner.
- Shattered is the trust in transactions that happened during the time period where the attacker controlled >51%, from addresses that the attacker also controlled. AFAIK so far they haven't controlled 51% for any amount of time, though they did control more than 33% for a short while, which is enough for "selfish mining." Either way, the attack did illustrate that a government could easily take over XMR if they wanted to. The impact of that, we'll have to wait and see.
- Controlling 51% of XMR costs ~$30M per day, you'd have to short a huge amount of XMR to make that worthwhile. Who would be the counter party and how would you do that anonymously?
The attack itself is unprofitable, the "profit" for Qubic is the publicity they get. (or at least that's what they're betting on)
- You'd have to spend $30M per day in order to control 51% of XMR, and then you'd YOLO your life savings (which would have to be another couple hundred million dollars) on centralized exchanges without anyone noticing?
- KAS is PoW, at ~240 times the hash-rate of LTC, ~120 000 000 times the hash-rate of XMR, and 0.0007 times the hash-rate of BTC. Obviously not really comparable...
- I'm still a fan of PoW. PoS incentivizes centralization.