Topic: [XMR] Monero Speculation - page 379. (Read 3313786 times)

W0w, that is impressive if true! But I find it very hard to believe knowing a little assembler myself which is a second level programming language while machine code is binary so getting anything done within 25 steps is a major feat in itself. For example just to swap 2 words take 3 clks and requires 3 registers for each bit of the word size. Albeit I haven't coded assembler since 1990 so my memory may be bad here and I think maybe your "machine code steps" and mine may have different definitions.

I do think I remember reading about this project back then and thought what a waste to be creating a lottery.


Isn't he the guy who put a bug in his zcoin and created coins and dumped them? Once again my memory may be off so correct me if wrong. I need to just add a memory disclaimer to my sig. :)P


Well it's gonna be pretty tough to use Monero's utxo set! LMAO

But with that being said if this BarterDEX does manage to support Monero then let us know!

I would agree 100%, BarterDEX offers a niche product that's not easy to use yet, but for XMR hodlers who are privacy conscious it makes sense to use a privacy based exchange, if/when BarterDEX adds xmr support. Not much point using private xmr if the fiat exit/entry points are stockpiling user information, might as well use secure private exchanges too, especially if you're a whale. Until it's possible to use xmr for majority of day-to-day transactions, people need to use fiat, and noobies need to buy xmr in the first place, and with centralised exchanges needing to be kyc compliant, the safe option is using privacy oriented exchanges.

Interesting.  I have a Nexus 5x and a Pixel XL, both of which are supported by copperhead os.   I might download copperhead and flash it on one of my phones one of these days.

Atomic swaps are fantastic, but BarterDEX isn't for regular users yet, it works on utxo level, and it's confusing to learn after years of using a centralised order books.

They're targeting the top 1% of high end users who want maximum privacy (no kyc), with no arbitrary limits, and 100% security.

If you're happy to do KYC selfies on regulated exchanges like polo & bittrex you wont ever use BarterDEX, it's a niche service.

Not interesting enough (to me) for me to put time into at this point, but thanks for the summary.

You probably need to look into the Komodo eco-system yourself to understand it fully (it's quite expansive, so complicated), and I don't want to derail this thread, plus I only know the basics myself.

BUT, in a nutshell there are three fees being collected (notary fees, BarterDEX fees, Jumblr fees), so far the largest is notary fees for 'delayed proof of work' (dPoW), which notarizes the KMD blockchain onto the BTC chain with periodic bitcoin transactions, which therefore, gives any assetchains created on komodo platform bitcoin level security themselves by extension (btc->KMD->assetchain).

The 2 mil USD paid last month was from notary fees collected since KMD started 12 months ago.

That's what the majority of bitcoins raised in the SuperNET ICO a few years back is being used for (i.e. paying notarising fees which are btc transactions). My understanding is when a Komodo notary makes a notary tx to bitcoin they also pay a fee in KMD that is accumulated and paid to various supernet asset holders, and in Dec 2017 those 'notary fees' amounted to 2 mil USD. There are 64 KMD notaries who were elected by KMD holders, elections every year.

The BarterDEX fees are accumulating, but still small, and jl777 says he will distribute when fees total 1mil USD from now on.

Then there are fees also for Jumbling service, which adds privacy to funds coming out of BarterDEX afaik

Honestly, you need to research SuperNET/BarterDEX/KMD yourself, it's complicated so takes time to get your head around it, but I'm convinced jl777 has a great product with BarterDEX and KMD. The vision is simple  - allow risk free trading of any crypto with 100% privacy, and eventually that'll include XMR.

That would be ~$100 in fees per swap.  What am I missing?

I agree bitcoin maximalism is a powerful force, and probably only a few crypto will survive, but LTC probably wont be one of them imo, and while Charlie Lee was one of the early birds who 'got the worm' in crypto, he's not one of the top thinkers in 2018. I did respect him before, but lately he looks dodgy, and his refusal to engage with BarterDEX devs who approached him in good faith shows his true colors. He has a profile, and uses it to pump and dump his LTC bags. He's not interested in advancing tech.

The thing about jl777 is he doesn't care which crypto succeeds long-term, he's going to make BarterDEX compatible with every tech, even cryptonote like XMR. He doesn't care which ones get popular - he's the guy selling shovels and levi jeans to the miners. afaik adding XMR swap capabilities is on the agenda too.

Centralised exchanges are dangerous, decentralised exchanges like BarterDEX are 100% safe, so even if there's only 3 coins in 5 years (BTC, ETH, XMR), BarterDEX will have users.

Hmm, well I stand corrected one way or the other.  But the bigger take away from this conversation, in my opinion, is the fact that bitcoin maximalism is a thing. In fact it just about proves it. There's few who really care what all the little alt experiment chains are doing in the end. Bitcoin is going to devour everything but maybe a few others.  I happen to think monero may be one of those, but who knows? Maybe not even Monero...

Thoughts?

The undisputed king of atomic swaps is jl777 (he did them in 2014) his BarterDEX has done well over 20K swaps now, most using spv tech so you don't even have to download any blockchains, and if users are prepared to time-lock a KMD deposit they can be 0-conf too. BarterDEX has already done test 'etomic' swaps between KMD and ETH even.

It's absolute BS that Charlie Lee claims any credit for doing a few manual swaps with LTC, eventually the word will get out about BarterDEX, and people will naturally ask "why did Charlie ignore BarterDEX for so long?"

Holders of assets like DEX have already been paid 2mil USD from fees so far, just from the test alpha stage.

Never heard of bitcoinist.com, I assume it is a subsidiary of The Onion?  Anyone who either read the tweets or knows these guys' reputations, got a good laugh, I guess.  How long before Coindesk and CNN pick this up 

The first ever 'atomic cross-chain transaction' was between Burst and Qora on May 17, 2015. Extremely efficient implementation was used, based on this AT Turing complete smart contracts implementation (2014, before Ethereum):

Lol, that was a funny exchange! Decentralized LTC/XMR pair would kick some serious butt, but I though I read CT (or what was it/ shit forgot) makes xmr incompatible with atomic swaps unless the chain is locked?

Lol, fluffiy is a freaking master troll.  I hope someday to have a beer with him.

That said, I believe deepening the relationship between XMR and LTC would be super positive.  And for LTC to be able to claim to have performed both the first ever atomic swap AND the first ever atomic swap with a non BTC codebase crypto would be killer.  And I think the liquidity a LTC/XMR atomic connection would provide mixed with it's novelty would benefit both communities.

Rumour of a "merger" between Monero and Litecoin:

https://bitcoinist.com/possible-litecoin-monero-merger-steps-closer-reality/

XMR its a one of most anonymous currencies with a scaling system and other vital features for crypto competition in 2018. Also Monero have a high block revard (0.3 XMR) that makes it profitable for miners. XMR, with no doubt, will reach 1000$-1500$ this year.

listing of COIN?

I thought the performance hit for the patches was just cpu but I guess it's really hitting random writes hard (at least on intels). Looks like all the Intel bios patches have been pulled, there have been some really bad reports from the manufacturers on those patches. I'm really looking forward to Zen2, glad I ended up having to hold off even though Zen and Zen+ are barely effected.

https://puri.sm/posts/purism-patches-meltdown-and-spectre-variant-2-both-included-in-all-new-librem-laptops/


Not ideal, but presumably not stopping there.

So does Purism have Meldown and Spectre patches yet?