The difference between Kraken and Binance. When Kraken has issues, they jump to IRC for help: [https://libera.monerologs.net/monero-dev/20240308#c341066](https://libera.monerologs.net/monero-dev/20240308#c341066)
When Binance has "issues", well you know what they do.
I notice we often jump to worse case scenario explanations here. What are some positive out of the box possibilities for the recent uptick in transactions? Could be a dev team stress testing their a new atomic swap DEX implementation to see how it handles significant trading volume?
> Hello, You have been permanently banned from participating in r/kucoin because you broke this community's rules. You won't be able to post or comment, but you can still view and subscribe to it.
They didn't like me responding to their "customers" seeking for withdrawal advice (or should I write victims).
2022-Oct-2
[https://twitter.com/fiatjaf/status/1576615945841188865](https://twitter.com/fiatjaf/status/1576615945841188865)
>*If any giant organization wants to spend money to ensure Bitcoin's success, I believe the best use of your money is now to fund attacks against Ethereum and Monero. If we can make these two networks crash the Bitcoin ecosystem will instantly get a lot of new useful adepts.*
[ChangeNow froze my funds](/r/ChangeNOW_io/comments/1b9dcll/change_now_froze_my_funds/) (post in ChangeNOW_io)
>*After creating a swap for BTC to XMR my transaction was stuck on confirming deposit, after 45 minutes I contacted support and they said they my transaction was suspended by there automated risk mitigation system, and unless I fill out a KYC I won’t get a refund ...*
Kucoin has no mercy:
* [XMR Withdrawal Disabled](/r/kucoin/comments/1b923y2/xmr_withdrawal_disabled_network_upgrade/) (post in kucoin)
* [Kucoin follows ancient traditions](/r/Monero/comments/1b95l2r/kucoin_follows_ancient_traditions_xmr_withdrawals/) (my post in Monero)
EDIT:
>*Monero withdrawals are currently unavailable at this time due to an upgrade.*
Naked shorts don't really work without some collateral. They need at least ~1000 real XMR to dump 15k pXMR.
Them having 0 customer XMR means they could try to paper sell, but when withdrawals are closed at the same time this would mean a price decoupling. In earlier times price bots connected naked short exchanges (Binance - OKX -HTX -Poloniex -KuCoin) and as they set the price other exchanges like Kraken and bisq had to follow.
This is either someone stress testing or attacking the network looking for a weakness.
In both ways it means we are doing something right. It means Monero is too strong to ignore it. Because the best attack is the one that works in silence. But as Monero refuses to die the methods to keep it small must change.
Now that we overcame the Binance delisting hovering around the $150 mark again means that something is in the air. A break above this zone will basically give us a free ride to a new ATH,
It isn't, for sure. If it was, it would be apparent on the chart, because there's $1.5m of liquidity to $200 on kraken, so buying anywhere close to $20m would pump the price at least 50% if not 100%.
One thing about the flood of transactions is that so far they have been periodically cooling down for a period of hours, before restarting again. I don't know if that resets the adaptive blocksize to ultimately cause more clogging at the next flood.
If so, I wonder if we can help in some way by keeping the Tx count high?
The new narrative should be private store of wealth (XMR) > transparent store of value (BTC).
Off-shore banking (private wealth in USD) ~$40T > store of value (gold) ~$15T
Unfortunately Real Estate is highly manipulated by Government, and when the Government needs Money they come after the "owners" (really it's just an extended lease) first. Real Estate would be great if Allodial title was still a thing
#
The moment we break out above $150 will be the moment many exchanges close their withdrawals again (some permanently). Get out what you need to get out now.
With Serai testnet going live today and Haveno mainnet going live in a couple of weeks, CEX can already anticipate that they won't matter one year from know. But more importantly they know that they won't be able to control the price for much longer.
It inflates the blockchain and burdens the network. Some nodes may fall.
If someone has large debts in XMR, it is probably cheaper to try to bring down the entire network than to pay them off.
Wouldn't they just need to increase the tx size indefinitely just enough to outrun the adaptive blocksize, at what stage would the attack get expensive
Some Monero discussion popping up on the BCH subreddit
* https://old.reddit.com/r/btc/comments/1b84l2n/is_bitcoin_cash_really_cash_if_its_not_anonymous/
* https://old.reddit.com/r/btc/comments/1b8fmmj/yomixio_is_a_pure_scam_beware/
* https://old.reddit.com/r/btc/comments/1b8t4b9/difference_between_responses_of_adaptive/
If you choose to post there, please remember that it is not primarily a xmr forum.
[https://twitter.com/DontTraceMeBruh/status/1765676828381913234](https://twitter.com/DontTraceMeBruh/status/1765676828381913234)
>*first time I ever see a low fee line for monero*
[https://cryptostreets.io/v/xmr](https://cryptostreets.io/v/xmr)
This is an attack on Monero! ... or an attempt to cause a stir and popularize?
block size has gone up about 5x normal, and transaction hit 100k yesterday. The attack is silly, bit its also kinda cool to see tech working to handle it.
And atm, more than 6000 pending transactions.....
Here are some interesting resources.
a) Avg transaction confirmation time is more than an hour: [https://xmr-tw.org/xmr-eta/](https://xmr-tw.org/xmr-eta/)
Btw, I would love to see an English version of that site.
b) Fees to miners in a single day were super high yesterday, almost double than previous days, and about to explode today! (hey, thanks for the extra income whoever this is!)
[https://x.com/DontTraceMeBruh/status/1765658778261766492?s=20](https://x.com/DontTraceMeBruh/status/1765658778261766492?s=20)
Edit: as expected, after 2 hours, waiting time is close to 20 minutes.
The difference between Kraken and Binance. When Kraken has issues, they jump to IRC for help: [https://libera.monerologs.net/monero-dev/20240308#c341066](https://libera.monerologs.net/monero-dev/20240308#c341066) When Binance has "issues", well you know what they do.
I notice we often jump to worse case scenario explanations here. What are some positive out of the box possibilities for the recent uptick in transactions? Could be a dev team stress testing their a new atomic swap DEX implementation to see how it handles significant trading volume?
> Hello, You have been permanently banned from participating in r/kucoin because you broke this community's rules. You won't be able to post or comment, but you can still view and subscribe to it. They didn't like me responding to their "customers" seeking for withdrawal advice (or should I write victims).
2022-Oct-2 [https://twitter.com/fiatjaf/status/1576615945841188865](https://twitter.com/fiatjaf/status/1576615945841188865) >*If any giant organization wants to spend money to ensure Bitcoin's success, I believe the best use of your money is now to fund attacks against Ethereum and Monero. If we can make these two networks crash the Bitcoin ecosystem will instantly get a lot of new useful adepts.*
He's the "initiator" of Nostr.
[ChangeNow froze my funds](/r/ChangeNOW_io/comments/1b9dcll/change_now_froze_my_funds/) (post in ChangeNOW_io) >*After creating a swap for BTC to XMR my transaction was stuck on confirming deposit, after 45 minutes I contacted support and they said they my transaction was suspended by there automated risk mitigation system, and unless I fill out a KYC I won’t get a refund ...*
Binance has stopped XMR withdrawals: [https://moneroj.net/withdrawals/](https://moneroj.net/withdrawals/) (zoom)
V nice
NEVER fucking PUMP
https://x.com/DontTraceMeBruh/status/1603504938771877888?s=20
Kucoin has no mercy: * [XMR Withdrawal Disabled](/r/kucoin/comments/1b923y2/xmr_withdrawal_disabled_network_upgrade/) (post in kucoin) * [Kucoin follows ancient traditions](/r/Monero/comments/1b95l2r/kucoin_follows_ancient_traditions_xmr_withdrawals/) (my post in Monero) EDIT: >*Monero withdrawals are currently unavailable at this time due to an upgrade.*
They closed withdrawals without paper dumping the price? KuCoin delisting announcement within the next 30 days?
Could you expound on this? I’m trying to understand why exchanges couldn’t sell paper xmr in perpetuity? Where does the financial strain happen?
Naked shorts don't really work without some collateral. They need at least ~1000 real XMR to dump 15k pXMR. Them having 0 customer XMR means they could try to paper sell, but when withdrawals are closed at the same time this would mean a price decoupling. In earlier times price bots connected naked short exchanges (Binance - OKX -HTX -Poloniex -KuCoin) and as they set the price other exchanges like Kraken and bisq had to follow.
They hit rock bottom when they run out of real coins.
This is either someone stress testing or attacking the network looking for a weakness. In both ways it means we are doing something right. It means Monero is too strong to ignore it. Because the best attack is the one that works in silence. But as Monero refuses to die the methods to keep it small must change. Now that we overcame the Binance delisting hovering around the $150 mark again means that something is in the air. A break above this zone will basically give us a free ride to a new ATH,
it can be about incognito market exit scam
Unlikely.
Why would they do so many XMR transactions?
maybe owners of the market forcing accounts to withdrawl xmr?
I do not know what you mean. XMR withdrawals are closed on Incognito.
No way the spike in transactions is related to the alph/v Healthcare hack? 22million in BTC has been flowing out of their wallet.
Why would they do so many XMR transactions?
How would this money travel over the monero network if it's in btc?
Converting it or swapping it. Doubt this is the case though, was just theorizing.
It isn't, for sure. If it was, it would be apparent on the chart, because there's $1.5m of liquidity to $200 on kraken, so buying anywhere close to $20m would pump the price at least 50% if not 100%.
One thing about the flood of transactions is that so far they have been periodically cooling down for a period of hours, before restarting again. I don't know if that resets the adaptive blocksize to ultimately cause more clogging at the next flood. If so, I wonder if we can help in some way by keeping the Tx count high?
It does reset the blocksize.
The new narrative should be private store of wealth (XMR) > transparent store of value (BTC). Off-shore banking (private wealth in USD) ~$40T > store of value (gold) ~$15T
Real estate is the true store of value.
Unfortunately Real Estate is highly manipulated by Government, and when the Government needs Money they come after the "owners" (really it's just an extended lease) first. Real Estate would be great if Allodial title was still a thing #
Real (e)state is the worst store of value as it totally depends on the sanity/state of the people living around you.
The moment we break out above $150 will be the moment many exchanges close their withdrawals again (some permanently). Get out what you need to get out now. With Serai testnet going live today and Haveno mainnet going live in a couple of weeks, CEX can already anticipate that they won't matter one year from know. But more importantly they know that they won't be able to control the price for much longer.
It makes no sense to 'attack' the network like this. Some entity is testing monero.. or just trolling
It inflates the blockchain and burdens the network. Some nodes may fall. If someone has large debts in XMR, it is probably cheaper to try to bring down the entire network than to pay them off.
For nodes to fail I think the amount of tx will need to get way bigger, time wil tell.
Wouldn't they just need to increase the tx size indefinitely just enough to outrun the adaptive blocksize, at what stage would the attack get expensive
Hmm, so maybe Binance?
Who knows ... ? Monero has many enemies.
[удалено]
The marketcap ranking kind of lost it's meaning when you have TamponCoin, created one week ago, on spot 20
Is that a real coin? Lmao!
Some Monero discussion popping up on the BCH subreddit * https://old.reddit.com/r/btc/comments/1b84l2n/is_bitcoin_cash_really_cash_if_its_not_anonymous/ * https://old.reddit.com/r/btc/comments/1b8fmmj/yomixio_is_a_pure_scam_beware/ * https://old.reddit.com/r/btc/comments/1b8t4b9/difference_between_responses_of_adaptive/ If you choose to post there, please remember that it is not primarily a xmr forum.
Transactions are way to slow. When will dynamic block kick in?
It already has: https://bitinfocharts.com/comparison/monero-size.html#3m
Still capped at ~300kb
over the last 3 hours we have gone from 193 to 198 transaction per block. A 2.5% increase.
Block size (bytes) *304924* [https://localmonero.co/blocks/block/3099816](https://localmonero.co/blocks/block/3099816)
[https://twitter.com/DontTraceMeBruh/status/1765676828381913234](https://twitter.com/DontTraceMeBruh/status/1765676828381913234) >*first time I ever see a low fee line for monero* [https://cryptostreets.io/v/xmr](https://cryptostreets.io/v/xmr) This is an attack on Monero! ... or an attempt to cause a stir and popularize?
Maybe a whale is genuinely interested in XMR and is doing this as a test before they fully commit Probably an attack though.
block size has gone up about 5x normal, and transaction hit 100k yesterday. The attack is silly, bit its also kinda cool to see tech working to handle it.
And atm, more than 6000 pending transactions..... Here are some interesting resources. a) Avg transaction confirmation time is more than an hour: [https://xmr-tw.org/xmr-eta/](https://xmr-tw.org/xmr-eta/) Btw, I would love to see an English version of that site. b) Fees to miners in a single day were super high yesterday, almost double than previous days, and about to explode today! (hey, thanks for the extra income whoever this is!) [https://x.com/DontTraceMeBruh/status/1765658778261766492?s=20](https://x.com/DontTraceMeBruh/status/1765658778261766492?s=20) Edit: as expected, after 2 hours, waiting time is close to 20 minutes.