BE EXCELLENT TO EACH OTHER is a fantastic phrase to live by! I try everyday to do that better. Great to see that in /topic

It's a nice version of Wheaton's Law

Seems to cover most of the important stuff :)

:) (I can't help but think of Bill and Ted's Excellent Adventure too)

we are so old anonimal

Isthmus do you have statistics on unlock_time usage and values handy somewhere?

Cankerwort: I *think* it was the big bad and now I am running a few more tests before data collection. Push coming later today

Hello all

Finishing up some tx proof tests today

I heard from OSTIF just now that Teserakt is again available for a CLSAG math+code review

moneromooo had already put together a branch for it (cleaned-up code is in my branch, ready for review+merge into that branch)

and sgp_ had earlier talked about the idea of an audit workgroup

to increase transparency and neutrality around the process

It'd be nice to get additional review of the CLSAG code before sending it off for external review, to catch any initial bugs or errors

I need to follow up with those who offered to help

UkoeHB_ already made some great suggestions that have been incorporated into my branch

would be great to get additional eyes

is CLSAG somehow a precursor to higher magnitude stuff like tryptich etc? or is tryptich so far out that CLSAG moves the needle enough ?

They aren't related or compatible

sarang, could you correct me on this formula for fee calculation please? (1.9/10) x (300/300) x 0.002 x 0.2 x 1 x 1.8kB <=== in current conditions of ~1.9 XMR block reward and ~1.8 kB per typical tx and low priority (1)

I cannot correct you, because I don't know if it's right or not :)

Hehe okay :) Maybe I can find it in zero to Monero. Don't really feel like deriving it from the code.

I remember finding it at one point, but it's been a while, sorry

I'd have to do the same kind of digging around

If you find it, please paste here

Blockchain::get_dynamic_base_fee

Went there, but since C++ isn' my native language ^^ it's always a bit stressful to pick the pieces together from there.

Sure, once I got the correct one & verified, I'll confirm it here.

Related, but different: The other day I brought up the correlation between fees and XMR market value. UkoeHB_ brought up that is was important *not* to scale with purchasing power since spam attacks get more valuable the higher XMR's value.

That's where we left off more or less. My point however would be that we already "scaled" according to pruchasing power to a certain extent (since cost is usually in fiat the current fee scheme was probably already taking into account the fiat value back when it was established (?))

The objective of the discussion would be closing in on an answer to: "Could we reduce fees if XMR did 10x or 100x? If so, how much?"

I'll continue with the formula topic. I'm still eager to get comments on fees-vs-valuation, so if there's anything to add, sarang or others ...

Zero to Monero states one assumption that I cannot find a source for: "First we say the base dynamic fee is 0.0004/kB"

For this statement it references a StackExchange article about Monero's history (monero.stackexchange.com/questions/…rted-what-are-its-origins-a/476#476), but in it I cannot find any reference to tx fees.

"0.002 x (60/300) x 4" as mentioned in Mastering Monero equals that value 0.0004

0.002 x 0.2 x 4 = 0.0004? sure/

mfoolb: According to the book, the 4 stands for "normal priority" and "low priority" would be 1. So we'd need to use a 1 instead of a 4 there. Sorry for the confusion.

fullmetalScience: ok

Narrator: It was not the Big Bad Bug

but it sure as hell was hiding it

Everything superfluous cancelled out, the min tx fee per kB would just be current block reward devided by 100000 (= 0.00001933). That would work if my average tx's were roughly 1.27 kB in size. moneromooo: Are you very sure about the 1.8 kB?

No, might be 1.9 or so. Look at a block explorer, 1->2 txes are fairly common.

iirc the median is like 1.6 in and 1.8 out

We're on about the size of a 1->2 tx.

Withdrawing my statement about reward/100000. Been looking at too many numbers and I guess the formula is just not correct any more. Will take a break.

ZtM is out of date, the second edition has current fee formula. I'll have to check that reference

Guess he's gone

Also afaik the fee scheme does not consider fiat, or at least the current one does not.

Minimum fee is just enough to add 1% to the penalty free zone

1% above*

Additional WIP on updated transaction proofs; comments welcome: github.com/SarangNoether/monero/tree/txproof

the reference in my footnote goes here monero-project/monero #1869 seems legit