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121  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Economy on: June 09, 2014, 12:33:14 AM
It depends on what people think should be the ideal inflation. Central banks like to keep inflation between 2-3%. That's too much in the crypto world.

We should work backwards to figure out the "ideal" rate of growth. What do people think is acceptable? Should the supply double in 30 years? 50 years? How about 100 years?

A doubling of the total supply every 100 years works out to be about 0.69% interest per year.

Is that acceptable? Well, not many will see their 100th birthday so I doubt you should care about your wealth since you'd be dead by then.
122  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: June 08, 2014, 05:50:50 PM
Quote
If you have a real-life fortune, surely you are paying something in some form or the other to secure that fortune from threats. If you have a digital fortune stored in the blockchain you can equally assign some funds (mining costs) to secure your fortune from threats. This means that large stakeholders (aka bagholders) have a vested interest in protecting the network. These stakeholders can operate even when the mining reward is negative for the average miner because the alternative is a non-option. Their cost/reward analysis is different than the average guy because they are co-factoring that if  they had the wealth in physical form they'd still have to pay to secure it.

So you have the mining equilibrium plus the stakeholder backup to secure the network.

Then the end result is still the same. It is the same if you have a deflationary currency as if you have a inflationary currency.

If you have large stakeholders with lots of wealth to protect then just like in the real world, people have to pay a "vault fee" to keep their gold secure. Say this is 1% per year to keep it in some vault. So large stakeholders either become miners and paying an amount of electricity equal to the vault fee or pay someone else to secure the network for them, which again would be equal to the vault fee.

But if you have an inflationary currency where there is a percentage increase or as some have proposed a fixed subsidy for miners, then the large stakeholders will lose some percent per year due to inflation, in an ideal situation, this would likely be the same as the vault fee. So stakeholders will still lose say 1% of their holdings per year, equal to the "vault fee" but this would just be inflation.

So either way, you still lose. As others like to say, there is no such thing as a free lunch.
123  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][YAC] YACoin ongoing development on: June 04, 2014, 06:48:26 PM
Diff is still too slow to adjust.
124  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][YAC] YACoin ongoing development on: May 24, 2014, 09:40:00 PM
Yacoin is pretty awesome, the coin parameters and community are brilliant.
It's a shame it isn't more popular.

If only it had launched not as a fork but as a stand-alone coin written from the ground up, it would no doubt be one of the strongest coins.

Now, if only someone can take scrypt-chacha type PoW and use it in a brand new type of crypto technology coin unlike Bitcoin or CryotoNote protocol, then it would be unstoppable.
125  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Economy on: May 23, 2014, 09:44:17 PM
Quote

The cryptonote coins don't have a wallet with multiple addresses. Each wallet has three files and one address. There isn't an API to create a new address, nor one to create an entirely new wallet. So integration with the above model is problematic.

So what the exchanges do now is have one wallet for all deposits and users identify themselves to the exchange for account crediting purposes with the payment ID.


Isn't this extraordinarily risky? This could be another Mt. Gox all over again.
126  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][YAC] YACoin ongoing development on: May 21, 2014, 03:35:52 PM
I am also interested in an 290x config - i cannot get it to hash YAC properly without too many hardware errors.

So if anyone is mining with 290x, share your config please.

ivan just posted settings for a 290 in this thread

https://bitcointalk.org/index.php?topic=475569.120

IMHO though, those cards don't have nearly enough memory to keep them busy enough to keep the shader pipeline humming along.  All are welcome of course though Smiley

What makes you think so ?
We have MSI r9 290x with 4gb DDR5 on rigs with super fast 8gb DDR3 RAM.
We'have been mining very well MRC on scrypt-jane and some other n-factor coins until now.
But we have no settings for n-factor 14 and we cannot get it to hash properly with decent hash rate and little hardware errors.

I think ThirtyBird know a bit about why things are considering he wrote the current version of YacMiner.
127  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 21, 2014, 03:17:18 AM
MRO took CryptoNote from the bottom of the ocean up to the surface, and like others have said, with no logo or a real GUI wallet. Wait till all the rest is sorted out and it really can go to da moon.
128  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][MRO] Monero - Anonymous Currency Based on Ring Signatures on: May 19, 2014, 05:05:30 PM
The price of MRO is insane. It's gone up over 300% in less than 24h. I'm still kicking myself for not buying at the beginning of the price runway.
129  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][YAC] YACoin ongoing development on: May 18, 2014, 08:02:42 PM
Nice job on the explorer.

But what are the advantages of electrum-based explorer over the old explorer?
130  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][YAC] YACoin ongoing development on: May 01, 2014, 09:33:45 PM
Any thoughts on the price of YAC?

Its at about half of when I first started. I know the next Nfactor change is coming is about 29 day.
131  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][YAC] YACoin ongoing development on: April 14, 2014, 05:15:27 PM
Paper wallet looks cool. Announcements page looks real clean. (I also really like the YACoin logo for some reason, it looks so crisp)

I'm wondering if the YACoin explorer can be made faster. I get frequent "time-outs" sometimes when viewing.

Also, is it possible for someone to see if they can make a Android Wallet for YACoin?
132  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Yet another GPU miner release! [YAC] on: March 26, 2014, 04:08:53 PM
8GB RAM, Win 8.1
133  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] Yet another GPU miner release! [YAC] on: March 26, 2014, 05:17:07 AM
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