• 18 Posts
  • 24 Comments
Joined 5 months ago
Cake day: April 5th, 2025
  • XMRbutterflytoMonero•Is Qubic's attack strengthening the case for Monero to migrate to hybrid PoW/PoS?English
    2·
    13 days ago

    More complexity increases the chances of a possible attack, and in PoS networks, attacks don’t need to be sustained, if PoS suffers an attack, it’s game over, in PoW an attack needs to be sustainable to work, and PoW has been much more tested and in Monero PoW is much more decentralized, the only problem is pools (PoS+PoW and PoS doesn’t solve, on the contrary, it worsens the situation, in PoW+PoS as PoW has fewer miners, and in pure PoS a government or organization can buy coins and manipulate the gain without spending large resources, and governments can just print money).

    I deleted my post because I now believe that PoS won’t solve this issue, we need to further improve PoW, which is already well-tested and works well (it’s not perfect, as it still needs improvement), and PoS centralizes too much power in the hands of the richest and creates complexity in the network (which in itself increases the chances of having a vulnerability).

    If you want to discuss this further, I strongly recommend joining the Matrix room of the MRL: https://matrix.to/#/#monero-research-lab:monero.social

    And Monero room: https://matrix.to/#/#monero:monero.social

    I’m glad that more efforts are being made to improve Monero.

  • XMRbutterflytoMonero•Is Qubic's attack strengthening the case for Monero to migrate to hybrid PoW/PoS?English
    2·
    13 days ago

    I am u/314stache_nathy (I posted this), PoS have problems and make a hybrid sistem with PoW+PoS is bad why PoS have  ‘long-range attacks’ and ‘nothing-at-stake’.

    PoW is better than PoS and a hybrid sistem have other problems (in adition with PoS problems), like:

    • Complexity
    • The big players only be more big with time, the rich will be more rich
    • The PoS turns all blockchain vulnerable to mentioned attacks (long-range attacks and nothing-at-stake).
  • XMRbutterflyOPtoMonero•Crypto Was Never Meant to Be Controlled — So Why Are We Letting It Happen? 🔓English
    31·
    24 days ago

    Monero (XMR) guide.

    How buy Monero?

    • Retoswap.com (decentralized exchange - no KYC/AML)

    • Eigenwallet (XMR<>BTC - Atomic swaps - no KYC/AML)

    • BasicSwapDEX (XMR<>BTC, XMR<>BCH, XMR<>FIRO and more, XMR<>ETH coming soon)

    • Trocador.app or Cyphergoat.com (Agregator - use via I2P/TOR - KYC/AML risk low).

    How mine Monero?

    • P2Pool (or P2Pool mini) with Gupaxx

    • Solo mining.

    How buy/sell with/for Monero?

    • Use XMRBaazar (Neroshop in future)

    • Use NOSTR and decentralized networks for spread your product.

    Monero recomended wallets:

    Cold (use your old phone) wallets:

    Hardware cold wallets:

    • Trezor (full open-source)

    • Keystone

    ATENTION

    • Use your OWN NODE and OPEN THE 18081 PORT

    • Use your OWN NODE via TOR/I2P

    • Generate your seed off-line, I recommend use TailsOS or have a Steel Wallet (air-gapped and with MULTISIGS).

    Spread this comment ;)

  • XMRbutterflytoMonero•New Haveno Network: DawnswapEnglish
    2·
    1 month ago

    MoneroBull, not to create confusion, but you’re comparing apples with knives.

    Any knife can cut an apple, but people choose which one to use because knife manufacturers compete with each other to make theirs the best quality possible, but any apple can be cut, just in a different way.