(I still maintain the lowest block reward should be at least 1 monero.)
What are the inputs that must be considered when setting the eternal inflation parameters for a PoW coin? From technical perspective, I mean. From economical perspective, 100 years of growth at 2% APR is 624% per century. Granted, century is a long time, but also the current system with its wasteful resource acquisition and general footprint on pristine nature, cannot continue 1-2 more centuries with this growth rate. On the other hand, gold production of about 1.2% (historically higher ~2%) can be regarded as near optimal, because gold has held its value vs. oil in the last decades. If the economic and population growth abate, 0% is of course optimal as you cannot go lower. => The quick thinking would point to 0.5%-2% bracket, and it must be percentage, not a fixed amount. This is a really important matter. A 1%-point fail can easily destroy the coin. (see silver inflation in 1850-1870 for instance how a precious metal was destroyed) I don't think he was talking about an X% increase in coin supply. He was talking about a perpetual 1 coin per block. You will notice that with each new block 1 coin is a smaller percentage of the total money supply. Eventually it will become so small that the value of securing a marginal unit from loss due to carelessness will be less than 1 coin per block. And thus we would reach an equilibrium where about 1 coin per block was lost due to carelessness and 1 coin per block is created in mining. The beauty of a proposal like this is that it leads to a stable money supply. No deflation or inflation. I think rpietila knows I was talking about a fixed supply (per year), rpietila is advocating a fixed percent instead of fixed amount. I believe that rpietila has good reason to oppose a fixed amount, and this topic needs more discussion. I originally wanted a fixed amount, then a fixed percent (0.5% to 1%) but that has it's own issues because we cannot know how many coins are lost, and then I went back to thinking a fixed amount would be better. It's a very hard thing to get right, and we might have only one chance. Anon136 , the trouble with lost coins is as they become worth more and more they will become lost less and less as people take better care of them. Please don't do a fixed percent. That's a terrifying proposition. The benefits for getting it right are so overshadowed by the costs of getting it wrong that its not worth it. |
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(I still maintain the lowest block reward should be at least 1 monero.)
What are the inputs that must be considered when setting the eternal inflation parameters for a PoW coin? From technical perspective, I mean. From economical perspective, 100 years of growth at 2% APR is 624% per century. Granted, century is a long time, but also the current system with its wasteful resource acquisition and general footprint on pristine nature, cannot continue 1-2 more centuries with this growth rate. On the other hand, gold production of about 1.2% (historically higher ~2%) can be regarded as near optimal, because gold has held its value vs. oil in the last decades. If the economic and population growth abate, 0% is of course optimal as you cannot go lower. => The quick thinking would point to 0.5%-2% bracket, and it must be percentage, not a fixed amount. This is a really important matter. A 1%-point fail can easily destroy the coin. (see silver inflation in 1850-1870 for instance how a precious metal was destroyed) I don't think he was talking about an X% increase in coin supply. He was talking about a perpetual 1 coin per block. You will notice that with each new block 1 coin is a smaller percentage of the total money supply. Eventually it will become so small that the value of securing a marginal unit from loss due to carelessness will be less than 1 coin per block. And thus we would reach an equilibrium where about 1 coin per block was lost due to carelessness and 1 coin per block is created in mining. The beauty of a proposal like this is that it leads to a stable money supply. No deflation or inflation. |
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This is very preliminary, but it appears to me that all anonymous coins based on unlinkability will not be able to solve the very serious double-spend threat. If am correct, this is both a major and fundamental solution for longest chain rule of proof-of-work, but it also eliminates unlinkability as a anonymity solution. Sorry to say. Again this is preliminary, and needs more peer review. I'm reading the paper but am not seeing why their time stamp idea would eliminate unlinkability, you really need to explain your point AnonyMint, because you're being so vague here. Also the programmed self destruction does not really apply to Monero. We have both a smooth emission and immortal supply. (I still maintain the lowest block reward should be at least 1 monero.) There is some talk around that (a minimum block reward) - tacotime had some nice thoughts around it, and we'll wrap it up into a proposal and put it out there soon-ish. Are you speaking of a perpetual minimum block reward? Like from now until the universe dies? I have been strongly in favour of this idea for a long time. The economics are sound. Though it may be a pr nightmare. |
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I translated the monero.cc
Sweet. Where can i see this? |
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can this also be done in the past - I am not entirely sure if I want to make it a) public and b) if someone else did the same - I think we all profited by that quite massively  Yes absolutely it can have been done in the past. We can discuss it in private if you prefer. PM me. |
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You definitely can get in trouble for paying people for installing the client and generating an address. Been there before.
Incentivizing people to post insubstantial posts can get you banned, paying them to generate addresses without posting those addresses on the forum is OK. You also shouldn't be encouraging people to send unsolicited PMs spamming your altcoin. Other than that, I don't really see a problem. If you're not sure you can always ask. Thanks so much for taking the time to weigh in. That was a pretty clear answer so ill go ahead and lock this thread. |
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Suppose I make a thread and say, if you do something to help this project, petition to be paid in this thread. Then someone says hey i made this really cool video that explains how altcoin x works. And i say hey thats great ill send you 1 altcoin x. Have i broken the rules?
Broken the rules? Doesn't sound like breaking any rules to me. Sounds like your paying someone for adverting or making a tutorial about your alt coin or what ever alt coin? It's similar to paying someone to make guides about certain things etc. You definitely can get in trouble for paying people for installing the client and generating an address. Been there before. I was unaware of that I've never seen anyone trying to pay people to use their alt coin though. I can't imagine someone who made a video about your product and you give them a amount of alt coin would be breaking the rules though. Yea i got banned for a week for giving out colored coins  |
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Please tell me what you have done.
Sorry Anon136, I misread your post.  No harm done. |
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I'll go first. I've contributed by trying to save CN investors from their stupidity. Sadly, the neurological degeneration has advanced beyond intervention.
This is confusing seeing as monero is a cryptonote platform. Have you attempted to save monero investors from investing in monero? I don't think a donation would be appropriate for that. Or do you just mean other cryptonote platforms besides monero? |
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Confirmed by mod that this is not in violation of the forum rules. See: https://bitcointalk.org/index.php?topic=694692.0It wont be a lot but if you have done something awesome for the monero community without being compensated, ask in this thread and ill send you a little something. Please do not post an address publicly in this thread. Petition for compensation publicly but only PM me the actual address and only if I ask for it. |
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Suppose I make a thread and say, if you do something to help this project, petition to be paid in this thread. Then someone says hey i made this really cool video that explains how altcoin x works. And i say hey thats great ill send you 1 altcoin x. Have i broken the rules?
Broken the rules? Doesn't sound like breaking any rules to me. Sounds like your paying someone for adverting or making a tutorial about your alt coin or what ever alt coin? It's similar to paying someone to make guides about certain things etc. You definitely can get in trouble for paying people for installing the client and generating an address. Been there before. |
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Password managers look totally silly and insecure compared to Trezor or similar devices. any plans to adapt them to this utility as well? i suppose the imputes would be more on software developers to adapt their software to work with trezors, but none the less there could be some collaboration. |
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Suppose I make a thread and say, if you do something to help this project, petition to be paid in this thread. Then someone says hey i made this really cool video that explains how altcoin x works. And i say hey thats great ill send you 1 altcoin x. Have i broken the rules?
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Thinking about starting a thread where people can petition for compensation for projects they have done related to monero. Do you think this would get be banned for doing altcoin giveaway?
I don't think it is banned unless you get paid for posting, but I'm not 100% sure. Best to check with the forum administrators first I guess. Check with who specifically do you suppose? SaltySpitoon? |
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Thinking about starting a thread where people can petition for compensation for projects they have done related to monero. Do you think this would get be banned for doing altcoin giveaway?
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When looking at XMR emission curve I thought that the advantage of mining XMR belongs to early miners.
as a matter of fact you are wrong. The devs chose a smoothly varying, egalitarian block reward with a highly logarithmic emission curve. What that means is there will be a huge opportunity for everyone to get a fair share of xmr before it starts to go up in value as a result of the emission rate decreasing. The fact that what you are saying is indeed the complete opposite of the truth, and the fact that anyone who knows anything about xmr knows the truth, tells me you are most likely a paid troll from bcn =) Funny how bcn devs even with their 80% premine are not even resourceful enough to get more competent sockpuppet trolls with more than ~20-30 acivity score haha I wonder how well POT (proof of troll) based distribution is working out for them. |
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I have carefully read all 500 pages of this thread and I can't understand why so many people here hate members whose native language is not English?
This is one of the dumbest things I have ever read. I loled first at "read all 500 pages", then again at "so many people hate members whos native language is not English" My native language isn't English either, I'm bilingual, and I haven't experienced any hate to members whose native language isn't English.. I knew we were being trolled by fake accounts, i didn't know they were owned and operated by the democrat party.  |
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I have carefully read all 500 pages of this thread and I can't understand why so many people here hate members whose native language is not English?
This is one of the dumbest things I have ever read. |
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there is > 50,000 worth of bids on the buy side and < 14000 asks on the sell side. idk what depressed the price so much, but it caused people to buy up all of the supply. polniex appears to be running out of xmr. I mean it would only cost a couple dozen btc to buy ALL of the xmr on poloniex. put on your seatbelt folks.
Im not sure where your looking but there are 87k XMR on sale at polo and 37.08770823 BTC to 0.00389? im looking at the depth chart. i see what you are looking at. any idea why the numbers dont match? Id guess Polos terrible charting algorithm, use Bitcoinwisdom anyway tis better. ive never been able to figure out how to get a depth chart out of bitcoin wisdom. any idea? |
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