This week (August 17th) on OpenHours we met with several folks from Monero and Kovri (cryptocurrency and I2P service). In this episode, we got a crash course on cryptocurrency, talked about Monero as a type of cryptocurrency, and of course touched on Kovri as a secure, private, untraceable C++ implementation of the I2P anonymous network. Our featured guests walked us through the ins and outs of these two very exciting topics and explained the linchpins of the Monero and Kovri model.
Please take some time to watch the video below, and don’t forget to scroll through the chat log below for any additional resources and questions brought forward by our guests and the community.
If you have more questions, you can always join the following channels on IRC to meet with myself or this episode’s guests (fluffypony, hyc and/or anonimal): #96Boards, #OpenHours, #monero, #monero-dev, #kovri and #kovri-dev
We look forward to seeing you in our next episode!
Links and resources
- [reddit: https://www.reddit.com/r/Monero/
- reddit: https://www.reddit.com/r/Kovri/
- [under construction]Monero website: https://getmonero.orgKovri
- website: https://getkovri.org
- New, work in progress https://getmonero.org/knowledge-base/moneropedia/kovri
- hyc on another project: https://github.com/crosstool-ng/crosstool-ng/pull/700
ViolentlyPeaceful - V cool house I guess palexander - P Better that, than me in my underwear. madLyfe - M cool house? palexander - P He's talking about my cam feed madLyfe - M oh. im not seeing anything palexander - P Still a couple hours until start? madLyfe - M cant remember the time but ya a few hours ViolentlyPeaceful - V 2 hours I guess We go live at 4:00p UTC. Hello everyone! :D Very nice, neon you got there @palexander palexander - P I need a Monero one. Yes! Riccardo "fluffypony" Spagni - RS you should flip your video horizontally so it shows up the right way for us ;) @Riccardo: BlueJeans is supposed to do that for you. Don't know why it isn't for his camera Riccardo "fluffypony" Spagni - RS ah ok palexander - P Oh, its backwards? Let me fix that There you go! niceeee Riccardo "fluffypony" Spagni - RS lol nice palexander - P So how about Blockstream's satellite broadcast? That kind of caught me off guard. Jeff Garzik may be a bit jealous. Riccardo "fluffypony" Spagni - RS yeah it's very cool brb Hello everyone, the show will get started at the top of the hour (4:00p UTC).We will be recording the episode on BlueJeans and later uploading it to YouTube. We will also be broadcasting live on the 96Boards Facebook page: https://www.facebook.com/96Boards/While you are hanging around, you can also find us in IRC channels: #OpenHours #96Boards #monero & #monero-dev Hyc made it ! :D hyc - H howdy We will have the whole crew here soon waiting on anonimal and pigeons? ric - R will watch the tube glhf Thanks ric Not as fun as the live thing though :P madLyfe - M hyc in the hizzy palexander - P looks and sounds good hyc Justin (sgp) - J( Here Hello everyone, the show will get started at the top of the hour (4:00p UTC).We will be recording the episode on BlueJeans and later uploading it to YouTube. We will also be broadcasting live on the 96Boards Facebook page: https://www.facebook.com/96Boards/While you are hanging around, you can also find us in IRC channels: #OpenHours #96Boards #monero & #monero-dev Rodrigo Azevedo - RA Hello ev1... palexander - P Hi there Hello! :D palexander - P Audio working Ric ric - R ? my audio?? palexander - P No, Riccardo's ViolentlyPeaceful - V cool redhat tshirt Peter Robinson - PR Hey all! Riccardo "fluffypony" Spagni - RS *DeadRat unknownids - U :D Peter Robinson - PR yes, I am here Sarah Levine - SL Link to last week's episode on youtube: Last week’s episode: https://youtu.be/vhS8qCOcOlE connect.linaro.org Self balancing bot part 1: https://www.96boards.org/blog/introducing-self-balancing-bot-using-96boards/OpenHours recap ep 65: https://www.96boards.org/blog/openhours-ep65-fedora-on-96boards/Self balancing bot introduction: https://www.96boards.org/blog/introducing-self-balancing-bot-using-96boards/OpenHours recap ep 64: https://www.96boards.org/blog/openhours-ep64-blackwhale/ https://en.wikipedia.org/wiki/96Boards Some more links: Monero github: https://github.com/monero-projectMonero reddit: https://www.reddit.com/r/Monero/Kovri reddit: https://www.reddit.com/r/Kovri/ [under construction]Monero website: https://getmonero.orgKovri website: https://getkovri.org [new, work in progress]https://getmonero.org/knowledge-base/moneropedia/kovri Sahaj Sarup - SS hey all unknownids - U pigeons was having audio issues bigreddmachine - B So this is cool. Guest 36 - G3 o/ hyc - PC - HP ironic I've got the chat window open on my laptop, using my phone for audio/video. the PC is heating up. phone doesn't care. Guest 36 - G3 odd, not sure why my username isnt showing hyc to be fair, cellphone CPUs are designed to sip power id say they use significantly less per cycle than a laptop CPU hyc - PC - HP eh true Riccardo "fluffypony" Spagni - RS also your phone is probably offloading a lot of encoding to the SOC encoding chip / GPU and laptop may not bigreddmachine - B aww I was hoping anonimal would garble his voice. maybe he's actually british and has been practicing his american accent? Guest 36 - G3 Riccardo "fluffypony" Spagni I like the namechange hyc - PC - HP nodes all around the world - or all around the solar system... Guest 36 - G3 a friend is in contact with the guy who did the bitcoin satellite thing. Supposedly he's cool making a Monero one too, I think the launch cost is like 100k though that might be better allocated to research/dev Charley - C ^ wow Guest 36 - G3 I can find out more if people want (this is needmoney90) ViolentlyPeaceful - V 100k in dev would be more useful than 100k on a satellite for the moment i guess unknownids - U needmoney thats got FFS written all over it Guest 36 - G3 yeah I know binaryFate - B hi everyone Guest 36 - G3 putting it up in the first place would be knowing it would suck funds from other projects bigreddmachine - B needmoney90 - Chris Cook? I'm working on getting him on my show! Adam Back is helping put me in touch. Guest 36 - G3 in all likelihood yes bigreddmachine I can get you a contact/chat if the adam channel is slow bigreddmachine - B Thanks, we'll see what happens. I sent an email to Blockstream's PR person and CC'd Back as he instructed me. It was his idea for me to talk to Chris so I think it shouldn't get pushed aside. Guest 36 - G3 ah cool well, if he gets on your show, ask him about a Monero setup. You can get a straight answer on price bigreddmachine - B pigeons looks a lot like Riccardo... twins? yeah for sure! unknownids - U yeah theyre sisters Bruce - B I run 3 nodes Guest 36 - G3 I only run one hyc - PC - HP I've got ... a dozen or so at any given time Guest 36 - G3 one pipe? hyc - PC - HP two different ISPs Guest 36 - G3 I would presume the limiting factor is the pipe no? Tyeth - T what board are you building on? Shovan Sargunam - SS Some of our 96Boards can be found here https://www.96boards.org/products/ Sahaj Sarup - SS @robert nice monitor upgrade hyc - PC - HP I've got a Hikey960 madLyfe - M im getting this: http://i.imgur.com/qqjurYM.png hyc - PC - HP nice kit unknownids - U mebbe i should buy one Tyeth - T fair is the beast of the group JuiTengHsu - J i'm using jetson tx2 and nutsboard hyc - PC - HP original PR https://github.com/crosstool-ng/crosstool-ng/pull/700 was merged a few months back Raj - R will it take time to discuss on cryptocurrency? if yes I will come back after some time Tyeth - T nice guys at mininodes hyc - PC - HP btw, bragging points - I wrote the optimized monero mining code for ARMv7 and ARMv8 bigreddmachine - B ^^ and he plays a mean fiddle. hyc - PC - HP lol Riccardo "fluffypony" Spagni - RS official Monero GUI and CLI clients are on https://getmonero.org web wallet (SMALL AMOUNTS ONLY): https://mymonero.com Raj - R no questions Tyeth - T how do u feel forks of the mainline should be handled, at what point should benefitting the masses outweigh what was agreed as the right way to do things, eg bitcoin/ethereum issues/forks? Sahaj Sarup - SS Every cryptocurrency has a sort of an "expiration date" after which point it can't be mined, just exchanged. Can that be increased indefinitely? Smith - S I have question hyc - PC - HP Sahaj - Monero has a perpetual tail emission, so yes. Justin (sgp) - J( Monero has a tail inflation such that the new coin supply will never fall below 0.3 XMR/minute *tail emission unknownids - U more info on tail emission: https://monero.stackexchange.com/questions/23/what-is-the-purpose-of-the-tail-emission Sahaj Sarup - SS oh ohkay, thanks Riccardo "fluffypony" Spagni - RS Tyeth: good question, we can answer that once we get through Mani's questions no doubt Guest 36 - G3 Is .3xmr/minute or .6xmr/2 minutes better? Because the former was said when we had a 1m block time bigreddmachine - B Robert: let's assume Kovri is integrated, Mobile wallets are finished, etc... Can you ask: What are the biggest long-term challenges facing the Monero Project? hyc - PC - HP Guest 36, it amounts to the same either way Bruce - B I run a Monero node that I don't want to mine with. is that still confirming transactions with new supporting the network? bigreddmachine - B hyc, not quite. in a 0-latency network it wouldn't matter, but there's definitely a tradeoff using a 1 minute block time instead of something larger. Bruce - B 'and' not 'with new' bigreddmachine - B Bruce, yes. You are relaying txs and validating hyc - PC - HP sure, but we have a 2 minute block time now, to reduce orphan chains Bruce - B thanks bigred Guest 36 - G3 If the tail emission is too small, increasing it breaks the social contract? I've always assumed the social contract has been 'some tail emission will exist' Tyeth - T the biggest issue i saw was with blockchains containing scripted transactions and other large scale thefts have led to forks. Guest 36 - G3 and the .3/minute could be changed depending on security incentive empirically palexander - P The tail emission is sort of uncharted territory. We don't exactly know how this will all pan out. Guest 36 - G3 thats what I thought. Fluffy saying a tail emission change is a break of the social contract surprised me palexander - P As far as the emission curve goes, I doubt that will ever change. bigreddmachine - B .3 per minute is absolutely part of the social contract. That and being as privacy-oriented as possible. But 3 XMR 10-minute blocks or 0.15 XMR 30-second blocks both fit the .3 XMR per minute contract, and so that type of thing could change. Tyeth - T I'd imagine the tail gets reduced to infinitely small as ease increases/cost of production decreases Guest 36 - G3 emission curve != tail the tail is just a floor palexander - P Really, it doesn't matter. The key is knowing the rate not really the maximum amount of units that will be available. Guest 36 - G3 it turns linear at that point the question is the slope of the line hyc - PC - HP slope is zero for the tail emission Guest 36 - G3 slope of coin supply bigreddmachine - B slope of what? slope of total coins mined is 0.3 XMR per minute. Smith - S Is my IP address associated with creating transactions in the current state? Guest 36 - G3 Only to the first node you broadcast to and your ISP, if they're watching Smith - S Can someone link my IP to a specific transaction? Or just that I'm using Monero? Guest 36 - G3 It would need to be a fairly targeted attack and real-time cant be done retroactively palexander - P Your ISP can link if you are under surveillance hyc - PC - HP well, not definitively, but yes, they can match timestamps in traffic logs Justin (sgp) - J( @Smith this is the concern that Kovri addresses. However, the IP information is only oberved to the nodes you connect with Bruce - B does the monero community have and general sense of direction regarding useage scaling. (ex. 1000 txs/s) bigreddmachine - B ^^ Bruce that's what I was getting at with my Q before, Justin somewhat answered, but the basic conclusion is scaling on-chain 100% has a practical ceiling, likely much lower than Bitcoin due to larger TXs. Bruce - B gotcha Smith - S @Hyc But the transaction itself is obfuscated, so I'm still safe correct (the inputs, outputs and amts are obfuscated). Riccardo "fluffypony" Spagni - RS Bruce: we're not focused on on-chain scaling there are some small things, which Justin mentioned, like reducing range-proof sizes and maybe switching sig schemes later hyc - PC - HP @Smith yes Riccardo "fluffypony" Spagni - RS but focus is on layer 2 for scaling, trying to scale mainchain is a fool's errand bigreddmachine - B ^^ unless you're Voldemort. Guest 36 - G3 but muh big blocks Bruce - B are there layer 2 solutions that maintain similar obfuscation? hyc - PC - HP Hey, ASN.1/BER is excellent stuff Robert Wolff - RW https://github.com/monero-project Riccardo "fluffypony" Spagni - RS no, but we can have weaker layer 2 privacy and you can drop in and out of layer 1 during settlements to make up for the privacy loss Bruce - B 👍 Robert Wolff - RW https://github.com/monero-project/kovri Riccardo "fluffypony" Spagni - RS also MimbleWimble's privacy claims are "weak", but still significantly stronger than junk like Dash, and even stronger than ZCash's default t-address mode palexander - P "junk like Dash"? Them's fightin' words Bruce - B that's the answer I was looking for. thanks. Smith - S Another question - why is Monero's market cap so low, considering the amount of actual progress that has been made? hyc - PC - HP RSA doesn't give us perfect forward secrecy... Robert Wolff - RW @David - miniNodes! Welcome! palexander - P Because a lot of people ride the hype train. (to Smith) Sahaj Sarup - SS anonimal don't forget to breath brah :p bigreddmachine - B #kovri #kovri-dev Guest 36 - G3 Because vaporware can be valued speculatively released software isnt as cool Justin (sgp) - J( #kovri #kovri-dev unknownids - U oh snap FFS for hyc bikini videos Bruce - B lol Guest 36 - G3 instadonate unknownids - U ill turn my mining rigs onto the ffs donation address hyc - PC - HP and constant growth in the user community too looking at the reddit subscriber numbers Guest 36 - G3 trading sub is booming daily threads have been jam-packed recently bigreddmachine - B Riccardo has a better idea of # of users than anyone thx to MyMonero.com --> curious his thoughts on growth he sees there? unknownids - U the irc channel as doubled since i joined it Tyeth - T whats this group of fluffypony's, got a link Richard Justin (sgp) - J( http://redditmetrics.com/r/MoneroClick on the "total subscribers" tab Tyeth - T *robert Justin (sgp) - J( http://redditmetrics.com/r/Monero Robert Wolff - RW #monero on IRC and #monero-dev is that the group you mean? Bruce - B I'm so glad I joined this chat! medusaaaaaaa - M join monero, friends Smith - S ETAs?? Robert Wolff - RW Yes #monero David T - miniNodes - DM I'll have to drop in a bit, but great conversation, I learned a ton! Robert Wolff - RW https://twitter.com/monerocurrency David ! Tried calling you out a minute ago David T - miniNodes - DM Ha, joined 30 mins ago when you pinged me! Hopped right in! Robert Wolff - RW Monero github: https://github.com/monero-projectMonero reddit: https://www.reddit.com/r/Monero/Kovri reddit: https://www.reddit.com/r/Kovri/ [under construction]Monero website: https://getmonero.orgKovri website: https://getkovri.org [new, work in progress]https://getmonero.org/knowledge-base/moneropedia/kovri medusaaaaaaa - M join #monero-markets --> get rich or die trying Robert Wolff - RW @medusaaaaaaa lol Guest 36 - G3 get $50 or get mad and dump for ICOs David T - miniNodes - DM They sure do!! Hi guys!! unknownids - U that was a good conversation boys and girls! DaveyJones - D just get in soon™ anonimal - A Btw, you can use kovri to connect to Irc2P which is IRC within the I2P network Bruce - B thanks everyone cool to hear from you anonimal hyc - PC - HP anyone know if a kirin 970 version of Hikey960 will be coming down the line? Riccardo "fluffypony" Spagni RS battery running flat so I have to leave and go find a power cable, thanks guys! scoobs - S translate = soon™ David T - miniNodes - DM See ya Riccardo! Tyeth - T thanks fluffypony Sarah Levine - SL Some links shared at the beginning of the show: https://www.youtube.com/c/96Boards Tyeth - T sweet episode didnt expect to be so Engaged at the pub, great episode Mani - M Gotta go... See you guys next weel *week Tyeth - T bye mani Sarah Levine - SL http://connect.linaro.org/ anonimal - A Hi Bruce, thanks for being here Sarah Levine - SL wikipedia: https://en.wikipedia.org/wiki/96Boards Tyeth - T thanks anonimal Sarah Levine - SL Blogs: Self balancing bot part 1: https://www.96boards.org/blog/introducing-self-balancing-bot-using-96boards/OpenHours recap ep 65: https://www.96boards.org/blog/openhours-ep65-fedora-on-96boards/Self balancing bot introduction: https://www.96boards.org/blog/introducing-self-balancing-bot-using-96boards/OpenHours recap ep 64: https://www.96boards.org/blog/openhours-ep64-blackwhale/ Bruce - B 👍 hyc - PC - HP binaryFate is mr. xmr.to Tyeth - T one question medusaaaaaaa - M xmr CFO Tyeth - T Robert you mentioned d3 coming to something soon, can you ask them to bring radar module no they sell a radar module instead or aswell as radar module camera yeah bigreddmachine - B Where can I buy a 96board in person? MicroCenter? Tyeth - T it's for industry partners not retail yet i think bigreddmachine - B Maybe link with Adafruit? They have a partnership with MicroCenter huh. Sahaj Sarup - SS basically the discussion on every mezz meeting Robert Wolff - RW https://github.com/96boards/mezzanine-community bigreddmachine - B hyc - why'd you go with the hikey and not another board? C3Z4R - C And EagleCAD too! Tyeth - T hyc is on another level, it's a pleasure to see bigreddmachine - B hyc is the man. he's the reason cell phones work. and the reason the space shuttle can talk to earth Tyeth - T nice analogy really? you should be able to help something epic Robert Robert Wolff - RW Tyeth - T just need to build a little on the old knowledge Tyeth - T woops pressed back button, doh bigreddmachine - B this has been great guys. Robert, is this put on a youtube channel or podcast? Tyeth - T yes, not the afterhours JuiTengHsu - J i had watch some video of hikey 960 on youtube and someone said that the price is too high Robert Wolff - RW YouTube Channel bigreddmachine - B Tyeth, what should I google to find it? Tyeth - T openhours 96boards Robert Wolff - RW https://www.youtube.com/c/96boards bigreddmachine - B thanks Robert, can't hurt to ask. JuiTengHsu - J https://www.youtube.com/watch?v=bxNe9bBXWO4 hyc - PC - HP a beer sounds good right about now Sahaj Sarup - SS put some ice in your coffee. Iced coffee is great!!! bigreddmachine - B +1 great reflection. gotta run, I've subscribed on youtube! Tyeth - T I've had the pleasure of two Guinness in Bristol, uk Blessed, good bye Rodrigo Azevedo - RA Tks @all Bye guys. JuiTengHsu - J the lower price's jetson tk1 is powerful than hikey 960 Rodrigo Azevedo - RA I think the group will choose December This week I will send the confirmation Bye @all....Thank you very much Robert. Bye guys Tyeth - T no google form robert, thousand points each compensation? Rafaela - R i am not hearing him too Sahaj Sarup - SS can't here Ragnar. - R any community form today? C3Z4R - C crosstalk Robert Wolff - RW Ragnar let me share real quick Ragnar. - R 100% Robert Wolff - RW https://goo.gl/forms/sRkYjoqwFOjc35ul1 CODE: OPENMONERO