Darkcoin reached 3rd place in marketcap just by pretending being anonymous. Imagine a real anonymous crypto... Stop imagining and buy: rpietila is a major actor in bitcoin. He is very widely followed. He never bought altcoin before. But he decided to buy Monero. Enjoy the reading. My take on altcoins[...] MRO (Monero)Okay, there was a reason why I wrote on alts. Cause I have just made my first altcoin investment ever! Monero has a trait which pretty much all other alts lack: slow and geometrically decreasing issuance. At present, only 5% of MRO is mined, and even after 4 years there will still be 20% left to be mined. There is no premine, and the community consists of several people  Furthermore, it is currently a CPU coin, since the 11 hashing algorithms make it difficult to implement for GPU let alone ASIC. These things make it "fair" so that there is no way to amass large stashes except by working for them in the competitive mining or buying in the open market. The market for the coin is very active and extremely liquid. There was an OTC market in the beginning. MRO was listed in Poloniex 5 days ago and the reception has been good. It has been the most traded coin ever since despite having a market cap of only 1-3 M$! Up to 10% of the outstanding MRO changes hands daily in Poloniex, mitigating the extreme volatility that is plaguing many alts with concentrated ownership. And now comes the main point: The coin has a feature, which is not implementable in Bitcoin - privacy! It is called CryptoNote, and means that all transactions are mixed in a protocol level. This is imo the most advanced privacy that is currently found in crypto universe, although I am sure that some disagree and let them teach me how I am wrong  The coin is probably circulating quite widely already. New mining is about 30kMRO per day ( BTC180), which is about $100k (!) and the price is rising (despite that). This is not a pump and dump coin, because the inflation takes care that new coins are constantly coming to the market. A word of warning though - the market cap may seem lucratively small, but the total issuance of MRO is 20 times the current, which is a little less than that of BTC. Therefore it is easy to compare the relative valuations by just comparing the prices. At 0.006 BTC currently, MRO is not the cheapest coin around (1:166 of BTC). I would advice to not buy hastily, and not participate in bubbles (if any). Mining is also an option. This is the first altcoin I bought, and I did it during the time when it had been listed in the exchange. My relative position is less than in BTC though, so if only one remains, I would still do better if it is BTC |
|
|
|
I am going to give some mining a go, I doubt it will be worth my efforts (my lone cpu isn't very good) I am using the simple miner and connecting to a pool. This is my error: Stratum connection failed: Could not resolve host: http Anyone know a way around it? No stratum yet http://monero.cc/getting-startedInstall on Ubuntu: sudo apt-get install -y build-essential automake libcurl4-openssl-dev pkg-config && cd ~/monero && rm -rf cpuminer && mkdir cpuminer && cd cpuminer && git clone http://github.com/Lucasjones/cpuminer-multi.git && pushd cpuminer-multi && ./autogen.sh && export CFLAGS="-O3 -march=native" && ./configure && make && unset CFLAGS && popd
Mine cd ~/monero/cpuminer/cpuminer-multi && ./minerd -a cryptonight -o extremepool.org:3333 -u 46ctfLBhgyzJm61oTtDfu9GbVhG7ito4fNiQjdZcB5bL3mz5ejQrPD29uEkDHFzCVTHGFqAdG456w6ivYp7K23SiGREUiQe -p xxxx -t 8
|
|
|
|
Furthermore, it is currently a CPU coin, since the 11 hashing algorithms make it difficult to implement for GPU let alone ASIC. These things make it "fair" so that there is no way to amass large stashes except by working for them in the competitive mining or buying in the open market. Thank you so much for this post rpietila We are glad to have you as a Monero holder. Monero thread: https://bitcointalk.org/index.php?topic=583449Monero website: http://monero.ccMonero IRC (freenode): #monero, #monero-dev, #monero-otc Monero improvement proposals: https://github.com/monero-developers/mips |
|
|
|
rpietila is a major actor in bitcoin. He is very widely followed. He never bought altcoin before. But he decided to buy Monero. Enjoy the reading. My take on altcoins[...] MRO (Monero)Okay, there was a reason why I wrote on alts. Cause I have just made my first altcoin investment ever! Monero has a trait which pretty much all other alts lack: slow and geometrically decreasing issuance. At present, only 5% of MRO is mined, and even after 4 years there will still be 20% left to be mined. There is no premine, and the community consists of several people Furthermore, it is currently a CPU coin, since the 11 hashing algorithms make it difficult to implement for GPU let alone ASIC. These things make it "fair" so that there is no way to amass large stashes except by working for them in the competitive mining or buying in the open market. The market for the coin is very active and extremely liquid. There was an OTC market in the beginning. MRO was listed in Poloniex 5 days ago and the reception has been good. It has been the most traded coin ever since despite having a market cap of only 1-3 M$! Up to 10% of the outstanding MRO changes hands daily in Poloniex, mitigating the extreme volatility that is plaguing many alts with concentrated ownership. And now comes the main point: The coin has a feature, which is not implementable in Bitcoin - privacy! It is called CryptoNote, and means that all transactions are mixed in a protocol level. This is imo the most advanced privacy that is currently found in crypto universe, although I am sure that some disagree and let them teach me how I am wrong The coin is probably circulating quite widely already. New mining is about 30kMRO per day ( BTC180), which is about $100k (!) and the price is rising (despite that). This is not a pump and dump coin, because the inflation takes care that new coins are constantly coming to the market. A word of warning though - the market cap may seem lucratively small, but the total issuance of MRO is 20 times the current, which is a little less than that of BTC. Therefore it is easy to compare the relative valuations by just comparing the prices. At 0.006 BTC currently, MRO is not the cheapest coin around (1:166 of BTC). I would advice to not buy hastily, and not participate in bubbles (if any). Mining is also an option. This is the first altcoin I bought, and I did it during the time when it had been listed in the exchange. My relative position is less than in BTC though, so if only one remains, I would still do better if it is BTC |
|
|
|
Thanks to the invaluable help of unek and rockingaltcoins, the site is back online! http://mintcoin.cc/yay thank you what was the problem ? did someone hack the site? Heavy load from a script, no DDoS. |
|
|
|
i will tell u this:
HBN - best to hold
CAP - might be soon, so good to buy
LGD - similar to PHS but now very cheap - easy to enter
PHS - allright but messy wallet
MINT - dead now
BC - too late to enter And BCX/Battlecoin? |
|
|
|
(reply). I am not a dev, I know how to write semantically significant HTML, this is all. I am a team member, different. What I cannot bring with code, I bring it with communication, suggestion, writing, webhosting... Like Ludom does for NXT, by the way. For the technical specifications, read the cryptonote whitepaper, our OP. There are post where we sum up our additions to the orignal Bytecoin code and so far, I believe fluffypony's Tenebrix/blockchain post is the best summary at hand (the post you are linking is a great one, we agree on that) For the Panama part, I had several email exchanges with the said "joke" even on Sunday morning, when a DDoS happened and he was with his family. Of course, you don' have to believe me. (your English is good, really, stop underestimating yourself, most French do underestimate their level in English) |
|
|
|
Oh please... When trying to play the private investigator game, at least do it seriously. mintcointeam is the dev of Mintcoin The Alty created the third (and now official) mintcoin site, mintcoin.cc. There was a bounty attached to it, by the way. Alty subcontracted a person in Panama for the actual creation of the website. Alty has since left mintcoin entirely and since I was involved in Mintcoin quite a bit (task manager), I took over. The Alty gave me access to the domain name. I also hosted the site until very recently, now someone else (rockingaltcoins) is hosting it because there was some load issues I could not handle with my hosting plan. As for Monero.cc, I bought it after a voting session (votebot-sanctioned) on IRC, in April. Shortly after monero was on Poloniex, we decided to move monero.cc out of my hosting plan, to avoid DDoS and the like. It worked wonder. Since you are playing PI, you should Google my name and read my English crypto-related and non-crypto-related entries (and French ones, since you seem French, according to your nick). You would a get a better idea of my personality and would have probably conclude I am either very good at faking an identity for years of else I am just not a deceiver. A PI should never limit himself to a couple of sources and a lot of extrapolations - and confirmation biases. Even in bitcointalk, you did not search much. Read this post, for instance, this would give you a better insight of my personnality https://bitcointalk.org/index.php?topic=406112.msg6584975#msg6584975So if after that, you still want to dump, please do so. More monero for the others. Et comme tu m'a l'air français, demande à superesistant, perl ou djinou94 ce qu'ils pensent de moi. |
|
|
|
Can someone with sufficient and unbaised knowledge please explain to me why MRO is only listed on a few small exchanges and why it has basically flatlined while darkcoin has gone through the roof?
What is it that has made darkcoin so much more attractive than MRO? I have biased knowledge but I believe I can still answer your question: 1. Completely different technology => difficult to implement on exchanges, you cannot just copy and paste another code 2. Darkcoin is four months old. Monero is one month old. |
|
|
|
1) minimize replies to trolls. just point them at a faq. oops no good faq yet. First draft of a collaborative FAQ. Please add your questions and feel free to rephase. |
|
|
|
Thanks to the invaluable help of unek and rockingaltcoins, the site is back online! http://mintcoin.cc/ |
|
|
|
Where can I buy this coin? Read the OP. All exchanges are listed there. |
|
|
|
Hey David,
If you need a hand, I know wordpress like the back of my hand.
I'd be happy to help out with any website issues on wp or other PHP frameworks.
Shoot me a message when you see this and we can chat on Skype or IRC if you like. Hi, Yes, I would definitely need help. I live in Europe I hope we'll find a way to be in touch. Contact me on #mintcoin-dev (freenode). |
|
|
|
People tend to forget there is a market (and a huge one) for traceable transactions.
- Public spending
- Donations
I have the feeling people are implying anonymity is better than transparency. Fact it is one is not superior to another. They are different. And, dare I say, complementary.
And it is not even a matter of good guy and bad guy. Just read about sousveillance and you will understand how traceability may help the society as a whole as much as anonymity can.
David I think you have a really good point! Althought, I think in the end the market for anonymous money will be bigger. I know myself I have never had any desire to have my transaction history be knowable to others. I definitely think you're right though that there will always be a place for non-anonymous currencies. Perhaps Bitcoin will continue to fulfill that roll in the future if an anonymous currency like Monero attains dominance. OTOH, I recently read about enforcing companies to display their public payment_id for transparency reasons. What OSI levels 1-7 have done, OSI levels 8-10 can have it undone Edit: it's funny to me that it's borrowed from Esperanto since it actually carries over a design flaw - no way should the name of an international currency include a rhotic consonant, those are really hard for a lot of people to pronounce, depending on the phonology of their native language. Esperanto always confused "world" and "Europe" anyway (which actually made some sense when it was created, during the heydays of Europe). |
|
|
|
I think it is a rare privilege to be able to participate in these conversations. I think it is a rare privilege for us to have you posting here I enjoy reading your posts. |
|
|
|
If you are considering seconde generation coin, you should definitely investigate Monero and the Cryptonote technology. I will not comment much on it because I am part of the dev team, so just read the OP, read some comments and investigate |
|
|
|
BUT bitcoin wont adopt any anon-technology, at least not decentalized in the qt-wallet. bitcoins main goal at the moment is to seek law compliance and to become truly legal in important economies. no way they will adopt anon-tech and shoot themselves in the foot.
bitcoin will stay anon-tech free for quite some time and another (illegal) crypto will emerge and fill that gap. maybe drk, who knows. People tend to forget there is a market (and a huge one) for traceable transactions. - Public spending - Donations I have the feeling people are implying anonymity is better than transparency. Fact it is one is not superior to another. They are different. And, dare I say, complementary. And it is not even a matter of good guy and bad guy. Just read about sousveillance and you will understand how traceability may help the society as a whole as much as anonymity can. |
|
|
|
I know that HBN pushes the limit at 30 seconds on blocktimes, but CINNI at 15s is pretty insane. Almost as insane as FASTcoin at 5 seconds. Monero is at 60 and we have a lot of orphans too. Even 60 makes problem. Screw liquidity, I like my 100% stake reward just fine, thankyouverymuchsir! And when it will be time to sell them, how will you? StakeHunter encourages to sell 25% of stake (thus keeping 75% for compounding interests). Sure, it takes a toll on growth, so you might wish to change this percentage for a lower one. |
|
|
|
Cheap TEK on sharexcoin, get em while you can  Rats. Missed it. All my BTC this week went to bottlecaps.  I'm considering investing on this too, now that Tranz is making it a high-stake coin. But not before I can generate 3 BTC a month just with TEK |
|
|
|
3000 was more coins. And as a result of missing pos mining. Now purse 0 coins. I'm shocked Ditto. 120.05332055 PHS and I missed PoS Tx is a48e25133a8fe505ed448e90a58750c1f74542ab2998c60388f77ce21f9f8789 (repairwallet did not help) |
|
|
|
|
Show Posts
