[-] itsmect@monero.town 2 points 3 weeks ago

Batteries have one advantage over over supplies: extremely low noise. Even an good LDO will bump up the noise floor, and a cheap lcsc part will do so too. Plus you's want a reasonably low dropout and quiescent current, which also increases price. Maybe 10ct in volume is reasonable for such a part - and yes, that will absolutely eat the margin

[-] itsmect@monero.town 2 points 3 months ago

Electrically? Yes.

Mechanically the expansion card has higher durability because the force on the USBC is minimized. It's also convinient to have build in "carry slots", so for your standard loadout you don't need to bring a bag with accessories. Compare it to the dongle storage in a wireless mouse.

[-] itsmect@monero.town 2 points 4 months ago

You are probably right, and I hate it.

[-] itsmect@monero.town 2 points 5 months ago

I'm not suggesting to pay one euro each month, I'm suggesting that you treat your lemmy instance as a 12 euro per year subscription. Compared to literally every other service it is basically free.

[-] itsmect@monero.town 2 points 6 months ago

Continuous exponential growth is actually something our financial system was DESIGNED FOR. It it makes no sense our inflationary money makes no sense.

This is the most hilarious part. One system literally has exponential growth, while the other is literally created to combat this.

[-] itsmect@monero.town 2 points 6 months ago

ysk messages on lemmy are not encrypted. Put your matrix username in your bio to enable the "secure message" button (which just redirects to matrix)

[-] itsmect@monero.town 2 points 1 year ago
[-] itsmect@monero.town 2 points 1 year ago

The goal is to create attractive market conditions. Positioning yourself between the historic store of value and the minimum to avoid deflation seems like a good target.

[-] itsmect@monero.town 2 points 1 year ago

The more the better for security, the upper practical limit is golds inflation rate, the lower practical limit is the percentage of coins that become lost or inaccessible. That puts the viable range to 1.5-0.2%, roughly. To be clear, I'm not worried about bitcoins current rate, but rather that it will drop further and further.

[-] itsmect@monero.town 2 points 1 year ago

You are clearly knowledgeable about the things you're talking and made a conscious decision. It seems like we agree that there is some risk, but you consider it insignificant while I it's quite substantial. Only time will tell whose right.

Monero's inflation is not a percentage, but rather a fixed 0.6XMR per block. This mean as the supply grows, the inflation percentage will slowly go down, so there's no exponential losses like with fiat inflation. Currently the 0.6XMR/block work out to 0.9% of the mcap, in the year 2100 it will be down to 0.5%: https://moneroj.net/tail_emission/ (<- great site btw, it has a few BTC diagrams as well). The tail emission was chosen so that it works out to be less inflation then gold, but high enough to have a decent security budget.

[-] itsmect@monero.town 2 points 1 year ago

Bitcoins current budget is sufficient at about 1.6% (= 8B USD) annually. After next halfing it will be about 0.8%, similar to Monero's budget. In 2032 it will be about 0.2%. If Bitcoins price doesn't increase, the budget would only be 1B USD; if it does increase, a 4T mcap would be secured by still only secured by 8B. Either way, the more time passes, the easier Bitcoin becomes to attack. How much longer do you think bitcoin will last?

The (original) selling point of crypto is that it can't be manipulated, even by nations with practically unlimited power and funds. Side chains sacrifice some of the immutability for other aspects and are a at best workaround instead of solution. So far there is little evidence to show that transaction fees will one day make up for the loss in block rewards.

The primary competitor to Monero is not Bitcoin, but gold, whose inflation sits at about 1.5%. Proponents of tail emission have long left bitcoin, and rather contribute to a project which aligns with their views. The remaining crowd will therefore be biased, don't take their word as gospel.

[-] itsmect@monero.town 2 points 1 year ago

I don't mind spending on good tools, but I won't buy a highly locked down device at any cost. An open source OS is a must, any new device will have to compete with my current phone that also has an SD card, headphone jack and is easy enough to open so that I can change the battery myself. Folding phones are inferior in all those aspects.

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itsmect

joined 1 year ago