Joined July 2009
- Tweets 410
- Following 35
- Followers 806
- Likes 157
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Pinned Tweet
12 Aug 2025
The 51% attack ... no.
With selfish mining and 51% hashrate you get 100% of the blocks because you've perfectly sliced the "target" hashrate in two.
Look at the graph in the selfish mining paper for concept. It shows a convergence to 100% revenue with 51% of hashrate.
12 Aug 2025
Monero appears to be in the midst of a successful 51% attack.
The privacy-focused blockchain, launched in 2014 and long targeted by governments and 3-letters agencies, is already banned from most major centralized exchanges.
The Qubic mining pool has been amassing hashrate for months and now controls a majority of the network. A major chain reorganization was detected this morning. With its current dominance, Qubic can rewrite the blockchain, enable double-spending, and censor any transaction.
Sustaining this attack is estimated to cost $75 million per day. While potentially lucrative, it threatens to destroy confidence in the network almost overnight. Other miners are left with no incentive to continue, as Qubic can simply orphan any competing blocks, effectively becoming the sole miner.
In effect, a $300 million market-cap chain is taking over a $6 billion one. Monero’s options for recovery are limited, and a full takeover is now possible and even likely.
So far, XMR has dropped only 13%.
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14 Dec 2025
Another CCS (donate!): ccs.getmonero.org/proposals/…
Upcoming: fcmp spending in lwsf, lws pushing of txes (remove polling) for real-time updates (skylight!).
Completed: Carrot/fcmp receiving in lws, correct lws subaddr lookahead, lwsf conversion to boost::beast, bug fixes!
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14 Dec 2025
As a follow-up, lws already detects legacy view-balance spends from other wallets, but work is needed for frontends (like lwsf) to spend outputs provided by the backend.
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Apr 11
Additionally, the /feed protocol should allow real-time updates for Skylight and lwcli wallets, instead of polling the server. The entire flow is vastly more efficient in processing time and payload sizes (the client "syncs" then receives only changes to blocks/txes).
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ccs.getmonero.org/proposals/…
My new CCS is in funding!
Upcoming: LWSF /feed unit testing, investigate (indirect) block limits, and new lib for encrypting wallet data with FIDO2.
Done: LWS F ready for fmcp , LWS F /feed implemented, monerolws.com, and Docker improvements.
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Apr 11
The full list of work completed is listed under merged PRs at repo.getmonero.org . The total list included stuff in LWS, LWSF, and monerod (mostly bug fixes but some updates to ongoing PRs).
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Lee ★!★ Clagett retweeted
24 Nov 2025
A new Monero wallet has been released!
24 Nov 2025
Introducing Skylight Wallet, a modern Monero light-wallet 🎉
Open-source. Self-custody. Automatic Tor. Instant sync.
Get it on Google Play or download the APK today! iOS and desktop coming soon. More details in our post:
magicgrants.org/2025/11/24/I…
ALT MAGIC Grants: Skylight Wallet logo
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Lee ★!★ Clagett retweeted
9 Sep 2025
Budget Monero mining rig
Hashrate: 19,250 H/s
Power draw: 142 watts
Cost: $607 shipped
No more excuses. Start mining.
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Lee ★!★ Clagett retweeted
7 Sep 2025
And to those "liking" this post, I'm primarily hesitant on Tevador's Publish or Perish proposal. His reward-splitting proposal was basically PRS but uncle blocks only (no work shares).
After some hard-numbers are calculated, the work-shares might damage sync-time too much.
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Lee ★!★ Clagett retweeted
7 Sep 2025
After people pushed me to rethink Tevador's claims - the PRS is probably the best proposal I've seen. It doesn't eliminate selfish mining or reorgs, but it makes both harder to achieve.
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20 Aug 2025
As a PSA:
I'm going to prioritize fcmp/carrot in lws this ccs cycle, so if you want to use lws in Monero through the protocol changes, consider donating.
lswf work will be lessened a bit this cycle; its mostly usable minus hardware support and a few other small things.
With all the hoopla about qubic and fcmp, lets not forget about our foundation!
One of the most consistent contributors to the codebase for ~8 years now. Addressing hackerone reports, lws, a lot of the networking code. And important, reviews
**vtnerd**
ccs.getmonero.org/proposals/…
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With all the hoopla about qubic and fcmp, lets not forget about our foundation!
One of the most consistent contributors to the codebase for ~8 years now. Addressing hackerone reports, lws, a lot of the networking code. And important, reviews
**vtnerd**
ccs.getmonero.org/proposals/…
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Lee ★!★ Clagett retweeted
18 Aug 2025
These are self-reported, so it's a bit difficult as to who has what hashrate exactly now.
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16 Aug 2025
The knots situation is a mess. Luke is incorrect on the "spam" debate.
If they paid the fee, it ain't spam. That's the only metric.
16 Aug 2025
Imagine if it wasn't and some random nodes could censor arbitrary transactions....
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Lee ★!★ Clagett retweeted
16 Aug 2025
Well it doesn't make any sense - stocks are supposed to pay dividends in USD. Their only plan is to hoard BTC; dividend payments will require selling BTC for USD. So these companies are hoarding BTC but are short BTC and long USD.
It's all completely ass backwards.
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16 Aug 2025
The market is indeed screwed.
MSTR has acquired all of this BTC, but it never has to pay dividends, unless shareholders demand dividends. The majority of people investing don't know a stock should pay dividends, so the stock price levitates.
I pray for those shorting MSTR.
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Lee ★!★ Clagett retweeted
15 Aug 2025
These are pretty bad numbers coming out of Gemini.
Unprofitable 2024 for a crypto exchange?
How???
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15 Aug 2025
BTC might be dead - the "number go up" crowd is just too blind.
You can't sell your USD for BTC, then dump back into USD. That's like infinite demand for USD. Some weird problem with gold, its ultimately just creating demand for USD.
You're supposed to use it like money.
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14 Aug 2025
Get this PSA out there:
If you are solo mining, see if you mined a block during the latest Qubic run, and consider kindly posting the evidence either on reddit or the new forum
xmrtalk.org
Just a hunch.
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Lee ★!★ Clagett retweeted
14 Aug 2025
I hope a circular economy gets created at some point. Because blow-up USD with no BTC denominated expenses seems like actual chaos.
Think about it, you've got an insane amount of capital in BTC, and the primary exit strategy (currently) is to exchange back into USD?
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