Post AKUHcCogYlFmHTbKAy by lain@lain.com
(DIR) More posts by lain@lain.com
(DIR) Post #AKU18wITIl2PNjYXDs by lain@lain.com
2022-06-14T15:18:53.203183Z
6 likes, 1 repeats
wait coinbase has like 6000 employees? wtf
(DIR) Post #AKU1BTqbX4cy13jViq by ademan@thebag.social
2022-06-14T15:19:23.825378Z
4 likes, 0 repeats
Listing shitcoins takes a lot of work
(DIR) Post #AKU1CFwyggFLCj5HJw by nikiboo@strelizia.net
2022-06-14T15:19:30.035950Z
1 likes, 0 repeats
@lain do they get paid in real money or monopoly money
(DIR) Post #AKU1CiuqzemL2XJUXI by helene@p.helene.moe
2022-06-14T15:19:34.767308Z
2 likes, 0 repeats
@lain 6000 employees and no monero
(DIR) Post #AKU1Dy2eF3lWF0YIsK by 7@collapsitarian.io
2022-06-14T15:19:51.510423Z
4 likes, 1 repeats
@ademan @lain beat me to it. I was gonna say “one for every scam”
(DIR) Post #AKU1ExAYyFLFpDizBI by lanodan@queer.hacktivis.me
2022-06-14T15:19:59.590781Z
2 likes, 0 repeats
@lain Well, isn't it basically a bank?
(DIR) Post #AKU1FZeJu3ivAVwHq4 by lain@lain.com
2022-06-14T15:20:04.950517Z
3 likes, 0 repeats
@nikiboo monopoly money (dollars)
(DIR) Post #AKU1H25Nf8qVeVIAVs by lain@lain.com
2022-06-14T15:20:19.077654Z
1 likes, 0 repeats
@helene Sad!
(DIR) Post #AKU1IUA6lG6V1ECDNQ by lain@lain.com
2022-06-14T15:20:37.771799Z
1 likes, 0 repeats
@lanodan i don't think so
(DIR) Post #AKU1Kxvv2mG3vok3do by nikiboo@strelizia.net
2022-06-14T15:21:03.507807Z
1 likes, 1 repeats
@lain atleast i can buy chiggen sammich with my monopoly money
(DIR) Post #AKU1M27CyqVLBwX0Ou by helene@p.helene.moe
2022-06-14T15:21:18.375432Z
1 likes, 0 repeats
@lain that's how i feel :cry:
(DIR) Post #AKU1OJ74knB6UMYOGm by lain@lain.com
2022-06-14T15:21:40.929633Z
4 likes, 1 repeats
@nikiboo FIAT chicken sandwich
(DIR) Post #AKU1RD5Xbsu4fjDhrs by nikiboo@strelizia.net
2022-06-14T15:22:10.904824Z
1 likes, 0 repeats
@lain :MarisaBurger:
(DIR) Post #AKU1VK29jGiDN4b6Ui by helene@p.helene.moe
2022-06-14T15:22:59.741946Z
3 likes, 1 repeats
@lain @nikiboo For me, it's the McChicken. The best fast food sandwich. I even ask for extra McChicken sauce packets and the staff is so friendly and more than willing to oblige.One time I asked for McChicken sauce packets and they gave me three. I said, "Wow, three for free!" and the nice friendly McDonald's worker laughed and said, "I'm going to call you 3-for-free!".Now the staff greets me with "hey it's 3-for-free!" and ALWAYS give me three packets. It's such a fun and cool atmosphere at my local McDonald's restaurant, I go there at least 3 times a week for lunch and a large iced coffee with milk instead of cream, 1-2 times for breakfast on the weekend, and maybe once for dinner when I'm in a rush but want a great meal that is affordable, fast, and can match my daily nutritional needs.I even dip my fries in McChicken sauce, it's delicious! What a great restaurant.
(DIR) Post #AKU22F2PKCdjQtPckS by asa@sns.kiiro.dev
2022-06-14T15:27:39.284749Z
0 likes, 0 repeats
@ademan @lain Monero is literally the only good coin you heathen
(DIR) Post #AKU22FU3fOl2oeLhqa by ademan@thebag.social
2022-06-14T15:28:55.358491Z
2 likes, 0 repeats
it is indeed the only alt that doesn’t totally suck
(DIR) Post #AKU25pcZlVTnlM2dwe by helene@p.helene.moe
2022-06-14T15:29:35.641525Z
0 likes, 0 repeats
@ademan @lain @asa how does monero suck :0020: are you trying to pick a fight ademan
(DIR) Post #AKU2SniqzUcKXBvlQm by asa@sns.kiiro.dev
2022-06-14T15:29:58.763481Z
2 likes, 1 repeats
@ademan @lain If Satoshi Nakamoto was alive (hadn't died of ligma) he would fully support Monero and say that Monero is what Bitcoin should have been.
(DIR) Post #AKU2SoEl4s8c88rFA0 by ademan@thebag.social
2022-06-14T15:33:43.138216Z
0 likes, 0 repeats
lol
(DIR) Post #AKU2tcOTDdRDDYBT2e by ademan@thebag.social
2022-06-14T15:38:34.517785Z
1 likes, 0 repeats
people don't understand its privacy features and think it's a magic privacy protector. I don't claim to know enough to lay out a full case, but monero fans really overstate what you get from ring signatures. @parker mentioned some interesting upcoming improvements though.monero's programmable money features are nil, which is a good tradeoff for a privacy coin but, y'know, a major misfeature in general.
(DIR) Post #AKU2zdoaqaxpMaH62q by taylan@pl.tkammer.de
2022-06-14T15:37:15.827683Z
1 likes, 0 repeats
@helene @lain @nikiboo High quality pasta right there. :blobcatjustright:
(DIR) Post #AKU35tGeJAM31fNT0K by 7@collapsitarian.io
2022-06-14T15:40:47.994048Z
1 likes, 0 repeats
@ademan @lain @parker @helene @asa > the Srirachanists vs the TobasconistasI don’t think monero needs to be programmable. It’s meant for a wider and more general market; if you want programmable you probably don’t want to start with a privacycoin because it’s going to make a lot of the features people expect either more complex due to demand, or just nonexistent due to the underlying system.
(DIR) Post #AKU39leMZVvYYiJnHs by 7@collapsitarian.io
2022-06-14T15:41:30.219273Z
1 likes, 0 repeats
@ademan @asa @helene @lain @parker That wasn’t what I meant to paste, in the quote, but whatever
(DIR) Post #AKU3YHJKVeGBheASX2 by asa@sns.kiiro.dev
2022-06-14T15:40:43.806624Z
1 likes, 0 repeats
@ademan @lain @parker @helene Whatever this "people" you are talking about understand or fail to understand has nothing to do with Monero.As for the programable stuff, I have yet to see a useful use-case of this functionality myself.
(DIR) Post #AKU3YHjuunWl26bgyO by parker@leafposter.club
2022-06-14T15:45:54.737830Z
1 likes, 0 repeats
@asa @ademan @lain @helene Monero being programmable or ever supporting smart contracts would somewhat conflict with its goal of low fees. Just being good money is more than enough.
(DIR) Post #AKU3bjWW4Vxm4Vz0nQ by helene@p.helene.moe
2022-06-14T15:46:30.513408Z
0 likes, 0 repeats
@ademan @lain @parker @asa hard to reply on the first point without knowing what you mean exactlyas for the "programmable money" feature, i agree with @7, that should be in a separate project entirely. bitcoin's is not really particularly good either, but it does work for things like timelocks, atomic swaps, etc.those features could be implemented in a case by case basis, and also most of them can be implemented without requiring "programmable money", toobut yeah, not the project's goal (and 99% of people wouldn't want that from it, either)
(DIR) Post #AKU41uVZqwZPfb1gA4 by ademan@thebag.social
2022-06-14T15:51:16.795709Z
1 likes, 0 repeats
hard to reply on the first point without knowing what you mean exactlywhat is the difference between a 10 input ring signature and a ten input coinjoin? (it can be calculated offline, afaik) bitcoin’s is not really particularly good either, but it does work for things like timelocks, atomic swaps, etc.Bitcoin’s scripting is precisely what it’s intended to be, expressive but limited, and can express a ton of smart contracts, adding opcodes extends this of course.those features could be implemented in a case by case basis, and also most of them can be implemented without requiring “programmable money”, toothis runs into the same issue scripting would, it harms fungibility and increases traceability.but yeah, not the project’s goal (and 99% of people wouldn’t want that from it, either)Right, I acknowledged that, but I contend that is a mistake.
(DIR) Post #AKU4dvP0ycoDRn5DfM by ademan@thebag.social
2022-06-14T15:58:09.140458Z
1 likes, 0 repeats
sorry, 11 is the standard ring size, not 10
(DIR) Post #AKU4zxdRMA08k6L1nc by 7@collapsitarian.io
2022-06-14T16:02:08.347904Z
1 likes, 0 repeats
@ademan @lain @parker @helene @asa To the last point; it's a fair contention but I think that's all it would be at this point without a fork of the project -- between anonymity and reliability the people who primarily use it already have what they need from it.Sometimes "just money" is enough.
(DIR) Post #AKU524yZ2Dji5YEFPc by parker@leafposter.club
2022-06-14T16:02:30.759874Z
1 likes, 0 repeats
@ademan @7 @lain @helene @asa Ring size will increase to 16 in July, with 128 being a more long-term goal.
(DIR) Post #AKU5E8ylyaLryo4yaO by helene@p.helene.moe
2022-06-14T16:04:42.664014Z
0 likes, 0 repeats
@ademan @7 @lain @parker @asa >what is the difference between a 10 input ring signature and a ten input coinjoin? (it can be calculated offline, afaik)very large difference, very different things. ring signatures are meant to give "plausible deniability", and to not let people know what you spent, who you are, and how much you spent. coinjoins can only hide a bit of where the money comes from, and not much on who sent it (chaumian coinjoins do help a bit with that, but they have other issues and require more trust, etc)>Bitcoin’s scripting is precisely what it’s intended to be, expressive but limited, and can express a ton of smart contracts, adding opcodes extends this of course.sure, it does, and there are neat applications of it. i have nothing against it, it's pretty neat, it just doesn't belong in Monero. other coins do this better, and they'll still be here to be used along with other currencies>this runs into the same issue scripting would, it harms fungibility and increases traceability.atomic swaps haven't done anything that could harm Monero, as far as i'm aware, on the contrary>Right, I acknowledged that, but I contend that is a mistake.why would it be? i don't think every project needs to be the same, Monero is meant to be "private, untraceable, efficient and low-fee money", Bitcoin will still be around
(DIR) Post #AKU5El2ITvkY0k1KM4 by ademan@thebag.social
2022-06-14T16:04:48.192948Z
2 likes, 0 repeats
128 was the interesting development I alluded to above, if they can do that without increasing the size of transactions linearly, that will indeed be pretty cool.16 is not much more interesting than 11 to me, other than being a nice round power of 2 😂
(DIR) Post #AKU5HJMdozu73ako08 by helene@p.helene.moe
2022-06-14T16:05:17.070832Z
0 likes, 0 repeats
@parker @7 @lain @asa @ademan with the migration to Seraphis, you mean?
(DIR) Post #AKU5Lw6biwboMySYM4 by helene@p.helene.moe
2022-06-14T16:06:06.887868Z
1 likes, 0 repeats
@7 @lain @parker @asa @ademan exactly this, i don't need my money to have scripting when i'm buying things, i just want it to be fast, private/untraceable, nice to use and cheap in fees :menherahatthumbs:
(DIR) Post #AKU5ZzVBtOo2xRez68 by asa@sns.kiiro.dev
2022-06-14T16:07:21.589037Z
1 likes, 0 repeats
@helene @7 @lain @parker @ademan the only thing I'm worried about is globohomo making Monero illegal
(DIR) Post #AKU5a05LixjIlaZrSS by helene@p.helene.moe
2022-06-14T16:08:37.998548Z
1 likes, 0 repeats
@asa @7 @lain @parker @ademan it's already illegal in quite a few placesbut hey, Monero was also meant for those conditions :shrug_akko:
(DIR) Post #AKU5wTL7db2hrtfcwK by parker@leafposter.club
2022-06-14T16:12:42.695345Z
1 likes, 0 repeats
@helene @7 @lain @asa @ademan I mean this, increases to ring size, fixes for multisigs, and bulletproofs+ which give a 5-10 percent decrease in sizes and verification times relative to bulletproofshttps://github.com/monero-project/meta/issues/690
(DIR) Post #AKU5yOpjMZEaTHuFfc by asa@sns.kiiro.dev
2022-06-14T16:10:40.106929Z
1 likes, 0 repeats
@helene @7 @lain @parker @ademan sure It will still be fully functional, but interacting with the fiat world would have to be done through fishy illegal means, It's not the same, right now I can buy/sell monero on Kraken, last time I moved I needed some cash so I sold some monero, had it in my bank account in 2 days, paid for the new apartment entry.
(DIR) Post #AKU5yPLzQd2S5L00x6 by 7@collapsitarian.io
2022-06-14T16:13:03.286597Z
1 likes, 0 repeats
@asa @lain @parker @helene @ademan That’s one of those trade-offs. If you know people with whom you can exchange currencies directly, without the aid of an exchange or marketplace, it makes life a lot easier and you don’t have to think of it as illegal in that regard, just friends and neighbors being friends and neighbors without the need for government intervention.
(DIR) Post #AKU5yqw4sYwrd55iS0 by parker@leafposter.club
2022-06-14T16:13:08.572976Z
2 likes, 1 repeats
@asa @helene @7 @lain @ademan That just means its working.
(DIR) Post #AKU6Dk5Cdjg6ifSXJo by helene@p.helene.moe
2022-06-14T16:15:49.355423Z
1 likes, 0 repeats
@7 @lain @parker @asa @ademan as long as you can get bitcoin, ethereum or something like that, you can do atomic swaps to get monero safely (and that is indeed thanks to the programmable part of bitcoin/ethereum, but also very clever cryptography)so i really haven't got anything against bitcoin's programmability! :ac_pleased:
(DIR) Post #AKU7oMp0Bh93FDuRXc by parker@leafposter.club
2022-06-14T16:33:39.004055Z
3 likes, 0 repeats
@ademan @helene @7 @lain @asa I don't think there's much comparing coinjoin (or anything else like MimbleWimble) with Monero, since the former aren't private by default anyways. Privacy being "forced" on everyone is probably more secure, and it's much more normie friendly when they don't have to think about it or learn a bunch of extra steps.
(DIR) Post #AKU8LsFOMvN6GXELXE by ademan@thebag.social
2022-06-14T16:39:41.985730Z
1 likes, 0 repeats
Privacy being “forced” on everyone is probably more secureIt provides a larger pool of (hopefully) non-compromised transactions to include in your anonymity set, not sure it actually accomplishes anything more for a given ring size.and it’s much more normie friendlyabsolutely, I’ve brought this up before, there is a major UX problem in Bitcoin privacy tools.
(DIR) Post #AKU9lRhRnId7Ph6uUy by parker@leafposter.club
2022-06-14T16:55:32.497354Z
2 likes, 0 repeats
@lain 10 HR managers for every useful employee.
(DIR) Post #AKUACRfC2NUL7SvkOW by Agartha_Noble@shortstackran.ch
2022-06-14T17:00:23.662785Z
0 likes, 0 repeats
@parker @lain If you think about it, every employee who works for a DAO is an HR employee (uses Discord)
(DIR) Post #AKUAHJ4RPdX7uw3f2O by sapphire@shortstackran.ch
2022-06-14T17:01:18.681330Z
0 likes, 0 repeats
@parker @lain more like 10 HRT managers for every useful employee lmao
(DIR) Post #AKUGeQvywR38guVp1k by aven@shitposter.club
2022-06-14T18:12:43.334471Z
1 likes, 0 repeats
@lain @lanodan they do have to fulfill many of the same functions as a bank:All value kept with them is insured against loses on their end (very big deal)Full IRS compliance, all the bureaucracy that requiresManaging account arbitration in a way that's beyond "you lose your password, you're fucked", like they actually have customer service like a bank for that.Publicly-traded company, all the bureaucracy that requiresand apparently they do all of these other products now, too:https://en.wikipedia.org/wiki/Coinbase#Products
(DIR) Post #AKUGrhxWxEIhG2ZBCa by lain@lain.com
2022-06-14T18:15:00.879922Z
1 likes, 0 repeats
@aven @lanodan but AFAIK they can't make loans from nothing and actually have to keep your coins / money
(DIR) Post #AKUH777TgshZdRZ6nI by lanodan@queer.hacktivis.me
2022-06-14T18:17:51.113585Z
1 likes, 0 repeats
@lain @aven Isn't that also a thing banks mostly can't do?AFAIK that's why they're required to have a large amount of capital to be recognised as such.
(DIR) Post #AKUHJNzemPcPRYl6ky by lain@lain.com
2022-06-14T18:20:02.894796Z
1 likes, 0 repeats
@lanodan @aven no, when you put money in the bank you are giving them a loan, they don't just keep your money for you, and depending on the country they don't even have to keep any reserves (Canada and the US are at 0 reserves). If the bank goes under you can lose your money.
(DIR) Post #AKUHPiW9NuWupqyapM by fluffy@social.handholding.io
2022-06-14T18:21:14.251656Z
0 likes, 0 repeats
zero reserves?
(DIR) Post #AKUHVBRbGPJlzuSFIe by yes@social.handholding.io
2022-06-14T18:22:14.539679Z
0 likes, 0 repeats
why would anyone running a ponzi have reserves of collateral?
(DIR) Post #AKUHZ4SfASMlUznzuq by fluffy@social.handholding.io
2022-06-14T18:22:56.038002Z
0 likes, 0 repeats
because if you don't, people with guns will lock you up or shoot you
(DIR) Post #AKUHaaTzb9Hb6L9O2S by lain@lain.com
2022-06-14T18:23:09.410300Z
1 likes, 0 repeats
@fluffy @lanodan @aven yes, banks in the US can make unlimited loans, Canada too.
(DIR) Post #AKUHcCogYlFmHTbKAy by lain@lain.com
2022-06-14T18:23:28.438116Z
0 likes, 0 repeats
@fluffy @lanodan @aven @yes that's what school shootings are for
(DIR) Post #AKUHjvrlSrKW1jj2ye by yes@social.handholding.io
2022-06-14T18:24:54.663339Z
2 likes, 0 repeats
also cant wait for the bitcoin secret police to start nabbing people
(DIR) Post #AKUHokDMDFfVL07V0S by fluffy@social.handholding.io
2022-06-14T18:25:45.489793Z
0 likes, 0 repeats
it sure would be awful if something like that existed
(DIR) Post #AKUHxnI29DkHTxcegK by cjd@pkteerium.xyz
2022-06-14T18:27:22.367106Z
1 likes, 0 repeats
@fluffy @lain @lanodan @aven @yes > Jim Bell smiles
(DIR) Post #AKUITcCEvcQuLL5O4W by yes@social.handholding.io
2022-06-14T18:33:10.052938Z
2 likes, 1 repeats
btc futures are actually secret dog whistles for organizing different attempts at killing putin.
(DIR) Post #AKUIn1h0MGqMv7jRXk by animeirl@shitposter.club
2022-06-14T18:36:03.398649Z
0 likes, 0 repeats
based on all the interactions with coinbase support I have read about I strongly doubt support staff are a significant expenditure for them. it's probably mostly compliance staff (eg kids of the owners who tick boxes and call it a day) and a bunch of devs working on projects that go nowhere.
(DIR) Post #AKUIn2KLzyJqtA8rsO by lain@lain.com
2022-06-14T18:36:31.494148Z
0 likes, 0 repeats
@animeirl @lanodan @aven *kids of the regulators
(DIR) Post #AKUJGUSIUveOWZtzlo by aven@shitposter.club
2022-06-14T18:42:00.621348Z
1 likes, 0 repeats
@lain @lanodan in the US we have the FDIC, which insures bank accounts up to $250,000.https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation
(DIR) Post #AKUJyLLvhd8h2Cpnpw by lain@lain.com
2022-06-14T18:49:50.894791Z
3 likes, 0 repeats
@aven @lanodan yes, but I doubt they actually have reserves for a system wide collapse.
(DIR) Post #AKUK4jzf0ADTC6T7k8 by ademan@thebag.social
2022-06-14T18:51:03.967564Z
3 likes, 0 repeats
Don’t worry they can make the reserves
(DIR) Post #AKUKCb46568FotI2ls by lain@lain.com
2022-06-14T18:52:26.453689Z
3 likes, 0 repeats
@aven @lanodan the point I'm trying to make is that most people think that putting your money in a bank is like putting it under your mattress, just somewhere else: they actually keep your money around. But that's not at all what happens in banks, but in some of the alternative financial services (like some crypto exchanges, or something like transferwise), this is what happens.
(DIR) Post #AKUKLks0zlxmpu0PnU by splitshockvirus@mstdn.starnix.network
2022-06-14T18:54:08Z
2 likes, 0 repeats
@ademan @lain This, the Fed will just authorize the creation of legal tender to meet their FDIC obligation. And your money will be worth less, but you'll have your money. @lanodan @aven
(DIR) Post #AKUKWNwkZ6JivQI0Aa by wowaname@anime.website
2022-06-14T18:56:04.484556Z
0 likes, 0 repeats
@ademan @lain @parker @helene @asa apparently monero's codebase is a mess too
(DIR) Post #AKUKbUpGPpgVi0E00m by parker@leafposter.club
2022-06-14T18:56:59.164053Z
5 likes, 3 repeats
@asa @ademan @lain Also has the best waifu, new art comes out every week it seems.
(DIR) Post #AKULxUADepM5yr4l5U by animeirl@shitposter.club
2022-06-14T18:37:49.672284Z
1 likes, 0 repeats
that too but ive seen lots of examples in tradfi where some guy will found a company and then put his kid in charge of compliance lol. tom sosnoff comes to mind
(DIR) Post #AKUMKBMxhWYyLorIn2 by aven@shitposter.club
2022-06-14T19:16:17.572499Z
1 likes, 0 repeats
@lain @lanodan on that point we're agreed, just giving the devil his due.Yeah the myth of "bank = money storage" needs to die. They stopped even trying to pay interest years back. Now they just have a minimum deposit, which incurs a monthly fee until the account is drained, if its balance is below a certain amount.Their business model isn't even investing your money anymore, it's (in meme format)::win_warn: TRADE OFFER :win_warn: You receive:ATMsCredit CardsCheckingA place to direct-deposit(financial services)I receive:Your minimum depositFees from overdraft or other mistakes you makeData on where and what you spend your money onSelling you financial servicesTbh I've been meaning to move to an online-only bank for years, instead of the megacorp one I currently have but use almost no features of.
(DIR) Post #AKUMZlSLoSr0cGoFIu by lanodan@queer.hacktivis.me
2022-06-14T19:19:03.920197Z
1 likes, 0 repeats
@aven @lain I'll never go with an online-only bank.They tend to have even more tracking by way of forcing you to install their fucking surveillance phone applications and cash withdrawal (aka only way to not be tracked) is often more costy.
(DIR) Post #AKUNRTR51qSuMdpFdw by optimate@bae.st
2022-06-14T19:28:48.881540Z
1 likes, 0 repeats
@parker @lain @asa @ademan hello fellow monerochadsmoneropirate.jpg
(DIR) Post #AKUOchOZZG32nZZM2q by lain@lain.com
2022-06-14T19:41:58.561308Z
0 likes, 0 repeats
@optimate @parker @asa @ademan doesn't matter where you put your money when you don't have any
(DIR) Post #AKUQ6NQCUggRUc2uie by aven@shitposter.club
2022-06-14T19:58:37.062245Z
0 likes, 0 repeats
@lanodan @lain I didn't know that, I never did do my research about it.
(DIR) Post #AKUQGyat8ubvg16E5o by thendrix@social.hendrixgames.com
2022-06-14T20:00:29.219895Z
0 likes, 0 repeats
@lain had
(DIR) Post #AKUUpJDd1ecfHuDdbs by parker@leafposter.club
2022-06-14T20:51:31.327467Z
3 likes, 0 repeats
@lain @optimate @asa @ademan I too own zero Monero whatsoever. None at all. I lost it all and am now poor.
(DIR) Post #AKUVb51J7Sjf9REcdM by lain@lain.com
2022-06-14T21:00:08.459614Z
3 likes, 0 repeats
@parker @optimate @asa @ademan damn boating accidents
(DIR) Post #AKUdOrKsyEJ2rv4mMS by parker@leafposter.club
2022-06-14T22:27:35.912770Z
2 likes, 0 repeats
@lain @optimate @asa @ademan Our Alberta oceans are a veritable minefield.