00:56:05
milas900:matrix.org:
Is midnight cordano privacy share any technology with monero ?. I know the answer is no but just curious why two coins call them privacy
01:11:53
milas900:matrix.org:
How volunteers with little technicality can check spy nodes . I am thinking/imagining layer 2 with reward based where you need to stake and catch spy nodes ..
01:16:29
milas900:matrix.org:
One more genius idea. If you use monero for daily transactions you should obtain cash back. Can we make monero provide monero back if u use it ? How to achieve that
01:21:23
ravfx:xmr.mx:
So you want to move the reward from the people who keep the thing alive to the people that use the thing. If so who will keep the thing alive if all you need to make more money is to send money to yourself in loop
01:24:04
milas900:matrix.org:
@ravfx:xmr.mx: No for buying from bazaar u get monero back or should be real product. Need another layer like oracle
01:25:10
milas900:matrix.org:
And also garbage collector for finding spy nodes .. in every eco system there is creatures who find garbage and get rid of. Why no such thing in monero eco system
01:27:50
milas900:matrix.org:
@milas900:matrix.org: Maybe like a system for every one who finds a block not the miner get the reward but also some monero goes to real users of transactions who transact for real (but should be buying stuff)
01:28:41
ravfx:xmr.mx:
but how the network would detect if you buy real stuff
01:28:47
ravfx:xmr.mx:
monero is made to by private
01:29:17
milas900:matrix.org:
@ravfx:xmr.mx: You would need to build layer 2 of course, use zero proof and use oracles .
01:29:48
ravfx:xmr.mx:
Then you need people who fund the layer 2 "reward".
01:29:48
ravfx:xmr.mx:
Also in that case, such a layer 2 would decrease privacy
01:30:22
ravfx:xmr.mx:
There is something easier
01:30:22
ravfx:xmr.mx:
buy on my store, 10% discount if you pay in XMR...
01:30:22
ravfx:xmr.mx:
no need to involve the network
01:30:38
milas900:matrix.org:
@ravfx:xmr.mx: I’m not expert but zero proof is like I am using the monero but I’m not disclosing with who I transact
01:31:02
milas900:matrix.org:
@ravfx:xmr.mx: I was imagining how master card gives cash back for everyone for example
01:31:48
milas900:matrix.org:
@ravfx:xmr.mx: Credit card transactions are also private
01:31:53
ravfx:xmr.mx:
The probleme is the inflation caused by the scheme
01:31:53
ravfx:xmr.mx:
if you want to move the xmr production from mining to using, then there will be less people interrested in mining
01:32:01
ravfx:xmr.mx:
except if your sheme fund it all too
01:32:10
ravfx:xmr.mx:
so someone else pay for it
01:32:46
milas900:matrix.org:
@ravfx:xmr.mx: I didn’t say move . I said part of block reward goes for actual users also.
01:32:57
ravfx:xmr.mx:
So less people mine
01:33:10
ravfx:xmr.mx:
less people actually securise the network
01:33:20
milas900:matrix.org:
@ravfx:xmr.mx: More users coin price should go up so all stays the same
01:33:28
ravfx:xmr.mx:
users don't securise the network, miners doo
01:33:36
ravfx:xmr.mx:
mining have a real cost for most people
01:33:44
milas900:matrix.org:
@ravfx:xmr.mx: Depends if real users run nodes but yes ur right
01:33:54
ravfx:xmr.mx:
spending don't a a cost, you get something in exchange for the (hopefully) same value
01:34:00
yokoama:matrix.org:
mastercard doesnt give cashback, its the banks > <@milas900:matrix.org> I was imagining how master card gives cash back for everyone for example
01:34:17
ravfx:xmr.mx:
nodes don't securise the network
01:34:19
ravfx:xmr.mx:
mining do
01:34:29
ravfx:xmr.mx:
more nodes is better
01:34:38
ravfx:xmr.mx:
but if there is no miners, then it's a dead coin
01:34:42
yokoama:matrix.org:
nodes are part of network security > <@ravfx:xmr.mx> nodes don't securise the network
01:34:44
ravfx:xmr.mx:
even if it have thousands nodes
01:35:10
yokoama:matrix.org:
@ravfx:xmr.mx: without honest nodes, your network doesnt work
01:35:37
ravfx:xmr.mx:
Yeah, but without miners, the network also does not work
01:35:39
yokoama:matrix.org:
@ravfx:xmr.mx: so both secure
01:35:42
ravfx:xmr.mx:
everyone can create a node for almost free
01:35:49
ravfx:xmr.mx:
mining have a real cost attached to it
01:35:49
yokoama:matrix.org:
you can get rid of miners with pos
01:36:10
yokoama:matrix.org:
@ravfx:xmr.mx: holding a coin costs opportunity costs
01:36:33
ravfx:xmr.mx:
@yokoama:matrix.org: Then the "security" is controlled by the people with the biggest bags.
01:36:39
ravfx:xmr.mx:
And the network get incredibly centralized
01:36:46
yokoama:matrix.org:
@ravfx:xmr.mx: and they are not going to harm the network
01:37:00
yokoama:matrix.org:
@ravfx:xmr.mx: is eth centralised ?
01:37:07
ravfx:xmr.mx:
Of course, black rock would just buy 50% tomorrow
01:37:10
ravfx:xmr.mx:
@yokoama:matrix.org: mostly
01:37:23
ravfx:xmr.mx:
it used to be way more decentralized
01:37:25
yokoama:matrix.org:
@ravfx:xmr.mx: try buying 50% of xmr
01:37:49
jpk68:
Sorry, what? > <milas900:matrix.org> @ravfx:xmr.mx: Credit card transactions are also private
01:38:02
ravfx:xmr.mx:
@yokoama:matrix.org: can probably do that during dumps... it might dump less
01:38:03
yokoama:matrix.org:
@ravfx:xmr.mx: wasnt, it was a couple of centralised pools mining it
01:38:15
ravfx:xmr.mx:
jpk68: credit cards transactions are more private than most crypto out there yes
01:38:17
yokoama:matrix.org:
@ravfx:xmr.mx: please try
01:38:51
jpk68:
What's stopping me from creating my own spy nodes, just to take them down and get free rewards?
01:39:04
yokoama:matrix.org:
jpk68: lol
01:39:44
ravfx:xmr.mx:
and btw, that whole credit card scam system for reward, don't forget all merchands have to pay quite a big "fee" to process them
01:40:07
ravfx:xmr.mx:
mastercard can afford to give freebies to get more using buying shit with money they don't have
01:42:03
elongated:matrix.org:
This is “research” lounge
01:49:40
milas900:matrix.org:
Any research I can read about spy nodes. What’s their behavior and how to find them
01:49:50
milas900:matrix.org:
Thanks all for replies before
01:51:05
jpk68:
https://moneroresearch.info/index.php?action=resource_RESOURCEVIEW_CORE&id=293
01:51:18
jpk68:
There are also some good MoneroKon talks about this
01:51:40
jpk68:
Sorry, I sent the wrong link
01:52:46
jpk68:
Can't find it :(
03:38:33
nioc:
rucknium a little shilling worked :)