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361  Economy / Economics / Is crypto as a financial investment doomed? on: January 18, 2015, 03:55:49 PM
I am really concerned with the future of crypto now. Even more than when I wrote cryptofiat (which itself becomes more plausible) or my analysis of Gartner on crypto).
The future of any crypto (except maybe Monero because of its target audience and NXT because of its considerable advance in building an ecosystem and even that, not sure).

Reason: http://www.coindesk.com/ibm-reveals-proof-concept-blockchain-powered-internet-things/

Overstock does not use XCP but clone it. IBM doesn't use XBT or ETH but clone them. That's the power of open-source.

Winners: implementors. Loser: crypto owners
This has nothing to do with bear market or bull market.

Solution: focus on your expertise on cryptos and sell it to employers and customers. Do consulting. Don't rely on your stash. It is probably doomed, whichever coin you have. Remember the dotcom bubble. Use your expertise to work on crypto once the present bubble has stopped deflating.

Financial investment may be doomed, but the expertise investment is only beginning.

Opinions?
362  Alternate cryptocurrencies / Altcoin Discussion / Re: [XMR] Monero Client .NET - A graphical account manager made for Windows on: January 18, 2015, 02:10:47 PM
Monero Client .NET v0.40.0 has been released!
Mentionned here: http://xmrmonero.com/article/en/new-version-monero-client-net-v0400
363  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 18, 2015, 02:29:59 AM
Development bond pays 8% annual interest in XMR in quarterly coupons, 5 year maturity.
Does it mean that I sell my XMR at present price and if in 5 years it they are worth less than 140% (plus compounded interest) of the current price, it is more profitable than to hold them, right? If this is the case, this means I should gamble that Monero won't be worth more than 0.0017 BTC in 5 years.

Or maybe I misunderstood something.
364  Alternate cryptocurrencies / Altcoin Discussion / Re: Cleanup: I'll attack some coins - I owned APEXcoin for 90 blocks on: January 17, 2015, 09:08:32 PM
The real test for NXT will come if someone sets up a ponzi using NXT.
There are NXT ponzi on a regular basis.

We should never forget one thing: We are fighting against the system (banks and governments) - we are not fighting against decentralized digital currencies, am I right?

Exactly. United we stand, divided we fall - the coming rise of cryptofiat
While we are partying, the real competition1 is readying its weapons...
[...] A friend used the word of "crypto-balkanization". That's exactly it.
365  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 17, 2015, 07:51:38 PM
Two more entries in the moneroeconomy blog. https://moneroeconomy.com/blog. For the moment, entries are not on the main page, it may change if people consider it makes sense, even if blogs are personal posts (Monero news is the "news" tab). I remind you there is a forum too (https://moneroeconomy.com/forum), as well as a FAQ (https://moneroeconomy.com/faq-page) and a wiki (https://moneroeconomy.com/wiki which still needs some improvements).

A sample of the todo list:
- Reference section with link to reference page, as well as charts and tutorials <== you can help here!
- Listing external projectswith link to reference page, as well as charts <== you can help here!
- Internationalisation of key content
- Better highlight the differences between this website and the official Monero website. More advocacy articles
- Better carrousel
366  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | 750% PoS | Most Advanced Coin Control Wallet | 6 Themes on: January 17, 2015, 02:21:17 PM
Awesome!! I am having a lot more stakes hit the max reward too. I have now been sizing blocks with the intention of hitting the max reward for a faster stake.
Me too, I started some days ago. I decided to only combine blocks that are more than 30 days old.

From the compiled version. You can now have an estimate of how much you "wasted" by hitting the wall (this doesn't take higher compounded interests into account).

It is not clear here, but I was hovering the 1000 HYP stake.

Great you liked this presstab!, we could be pioneers with this put into practice contract, and cold storage staking would be awsome too, more secure and energy efficent right?, wallets can stay offline?
What we need is more dev. We even are ready to pay them (not much and in HYP). But even that way, no dev and our todo list is growing Sad.

Quote
[various installation instructions for Raspberry Pi]
I could be interesting to update How to build for Raspberry.
367  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: January 17, 2015, 12:02:18 PM

I view issues as catastrophic dysfunction of the development process, catastrophic failure of fungibility, catastrophic loss of decentralization (arguably has already happened, though likely is not irreparable quite yet), or even catastrophic damage to the brand (and entirely cultural and not technical issue) as being the sorts of failures that could lead to a somewhat different cryptocurrency becoming dominant.

Yes. There could easily be a situation where different governments start blacklisting coins and trying to become gatekeepers. This might happen somewhat slowly at first and then more quickly if bitcoin is seen as a threat in countries with weaker currencies. Slowly, and then perhaps increasingly quickly, speculators and users will start rebalancing their money into unblacklistable crypos. This might not result in bitcoin losing its #1 spot, but it will result in a crippling of bitcoin. And it may mean that an unblacklistable coin increases 10x in value.

This is distinct from the privacy niche.
Speaking of governements, there is also the possibility to make it irrelevant (for the everyday user) by creating a state-controled sort of clone. PoS with transparent blockchain, cryptofiat.
  • Enjoy the "advantage" of a PoS: as long as you have 51% of them, you have them all (you may also premine a PoW at 51% but that would be farther from governement habits). Ripple (and Stellar?) already has the support of banks, this helps a lot.
  • Enjoy the "advantage" of transparent blockchain (every non-CryptoNote coin): complete monitoring of the money traffic. Great to fight tax evasion, be sure that no citizen is doing something not allowed, war on terror, etc... and even more tomorrow with pervasive monitoring, i.e. transparent-blockchain-based internet of things (Nick Szabo).

P.-S.: happy new year, altcoin observers!
368  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Monero under 25 cents? What the hell are you waiting for? on: January 17, 2015, 11:51:01 AM
How is your Tenebrix stash doing?
Apt comparison considering the scamminess of both of the 'originals' Tenebrix and Bytecoin. Cheesy
369  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 16, 2015, 05:12:21 PM
You can connect your simplewallet to a public node (subject to some security downgrade considerations). One such node is https://www.moneroclub.com/node. This will require a lot less RAM.
The view key can not yet be used for this, as there are no available tools for this yet. It is one of the intended purposes of the view key, though.
Can you provide instructions to be added to this page: How to use a remote node? Please make it so that I don't have to refomulate, just check-copy-paste. Thank you.
370  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 16, 2015, 03:28:02 PM
Welcome and as binaryfate said, this is not scary and definitely not the best reason to choose Monero.

Here they are: Why Monero
371  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 16, 2015, 02:29:45 PM
Basic use: !dice 0.1 1.5For an explanation of how the provably fair system works, see !fair. There is even sample Python code supplied to check fairness of past rolls.
Do you plan to allow investement, like in JD?
372  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 16, 2015, 12:35:08 PM
Question: are exchanges and marketplaces always going to need to custom build the architecture to automate XMR deposits?
Eventually, no. Meanwhile, coding takes time.
373  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Monero Economy Workgroup - The MEW Thread on: January 16, 2015, 10:27:01 AM
Not sure if i'm doing this right?

Q: What is required for joining?
A:
Short answer
Post a entry similar to this one.


Votes + fees               : 20 xmr
registered IRC handle :  goin2mars
payment ID : do i make this up or do I pm you guys?
Minimum is now 50 XMR + 10 XMR for handling fees. 50 XMR gives you only minimal vote power. You can go up to 1000 XMR. In any case, half of them go to the dev fund.

Donation address: mew.moneroaddress.org (openalias from mymonero.com or simplewallet 0.8.8.6) or regular address
Code:
42gbSzPvogMAdXxqJTTF9FPhaBxaeW4FmQKdKxfYot3qSHxDsaXB1s9GY3EzqjqkaADr7f65vSTxDb4h1t98LzM25VvZQyN

I sent you your payment ID by PM. Please inform me once you sent the payment.
374  Alternate cryptocurrencies / Announcements (Altcoins) / Re: moneroeconomy.com on: January 15, 2015, 07:26:50 PM
I think moneroclub would be a nice addition to the main page slideshow. As if suggesting "you can buy it here [monero club] and you can track your account here [mymonero]".

Can we add/edit content?
Good idea. For the moment, the slider is not "drupal-native" (AFAIK), so it has to be edited by hand, FTP-side. lyth0s could help on this. I would like it to be editable straigtht from Drupal in the future - it might require changing it completely. There are a lot of carousel modules for Drupal, but I did not investigated them. Again, either lyth0s (webdesigne for the site) or someone conversant in Drupal would be of use.

For the rest (i.e. non-carousel-content), yes, you can edit. You must first create an account. After that, you shall normally be able to create blog entries that will appear in the blog tab (https://moneroeconomy.com/blog - for reason unknown, I cannot rename it https://moneroeconomy.com/blogs, with an "s"). Later, I could give access to other contents, but I'd like to start slowly. Blog entries are for personal considerations. Ultimately, I plan to make them available only for MEW members once I created a MEW role (you already are a MEW member so everything is fine).

I purposefully do not give you more instructions, to check how easy/hard it is to create an account and start blogging with no information.

I created a new tab, "News", which will announce latest news. It will be in-between regular pages like about us, contact, what is Monero... and informal texts like blogs. I started by announcing Jojatetok's newest release.

https://moneroeconomy.com/news

This great to see.

A few suggestions: multiple websites/forums at various states of development and with different styles really confuses newcomers and makes the project seem a bit disorganised (which is why people default back to bitcointalk).  This site should make clear immediately what it is (e.g. title/subtitle indicating this is the MEW website), and should have clear links to the official website/forum on the front page.  KISS suggest to me highlight/focus on things missing elsewhere: e.g. a place for the FAQ, a nice, regular core blog highlighting news, development reports, the various infographics going around, and other things.  Have the blog on the front page to keep things fresh.  Have a cryptokingdom tab as that seems a core aspect of MEW.
I update the site information
Title: Monero Economy Workgroup
Slogan: Fostering Monero adoption
Both are open to change, just say and we'll see.

I'd like to have a translation slogan in Dutch, German and Spanish (but only once any potential about the slogan is addressed)
For a link to the official forum, I ran out of inspiration. One possibility is to have a clickable link on the slogan (which I did), but it goes against the principle of least astonishment. There will eventually by an introductory page linking to the official website, but it won't appear on main page (well, it coul, but it would not be highly visible, since it will be in a page, not as a link). Last possibility would a tab to the official forum, but I really don't like this. Tabs are for navigating inside a website, not outside of it.

The FAQ is already here, check the menu bar Smiley
Regular blog with news is addressed now, this is the "news" (I understand that the "blogs" menu bar might confuse people, since blogs are users' (or devs') blogs, not official news, maybe I should find another term. Monday Monero Missives will be announced (and duplicated) here too.
Cryptokingdom will have a page or even a section, yet to see.
Infographics, block explorer... I think a "reference" section would make sense.

Instructions for testing the DB shall appear on the website. Both for Linux and GingerAle ones. Ginger Ale, you could even post them as a blog entry.

Thank you for all these constructive suggestions, it proves there is a demand! Don't forget you can participate yourself!

I would put a question mark. In more details, yes it is bounded in a range, but a question mark is still good enough to get the point.
Exactly. The point of the presentation is to 1) quickly 2) give an idea.
375  Alternate cryptocurrencies / Announcements (Altcoins) / Re: moneroeconomy.com on: January 15, 2015, 03:57:42 PM
Good point, I will try and get around to updating gif this weekend. I've been meaning to anyway, but that will be some extra impetus.
Thanks

You may point out to investors, they can easily get profit by buying cheap Monero now and selling expensive Monero after 3 things I've mentioned
Thus it is not a crowdfunding. It is a donation.
We asked many times (dev fund, hall of fame, MEW) and none of them worked. Maybe it was not announce the right way (like what you propose), but I still doubt it. That being said, why not try again, especially now that I have released moneroeconomy.com


Thanks David and other contributors for this. It looks nice at first glance.
But why yet another forum??
Trying to see if it works. Some things will, some things won't. All are possible with Drupal with low maintenance and sharing accounts. For instance, if you decide to create a blog, you have you same login for the forum. Plus, the idea of "leaving bitcointalk" is still here.
376  Alternate cryptocurrencies / Announcements (Altcoins) / moneroeconomy.com on: January 15, 2015, 03:33:54 PM
A lot of people (rightly) complain about the lack of marketing for Monero. There are two reasons for that. The first is that marketing an alpha software is a surefire way to disappoint a lot of people who won’t give it a second chance later on. The second is that it is not the job of the core team, which takes care of the technical development. This is the job of MEW (what is MEW?).

Last weeks, I've been working with a restricted team (namely, ArticMine and lyth0s) on a website for MEW. Contrary to the monero.cc website which is, in both its current and future iterations, a website devoted to the technology and everything the core team is working on, this new website will be devoted to the non technical aspects: improving visibility and fostering economy (this will include crypto-kingdom). As a reminder, I am a member of both the core team and the MEW.

My philosophy (most of it is from The Cathedral and the Bazaar and Wikipedia):

DONE - release early, release often;
       done is better than perfect;
       JFDI, Just Fuckin Do It (© jaybeeuk).
KISS - keep it simple, it'll get complex by itself soon enough;
       when something is done, check how to achieve the same thing, but simpler;
       perfection is when there is nothing more to take away.
PLAN - have some vision, know where you're going;
       this may mean doing "nothing" for days - it's fine.
NICE - assume good faith.
HELP - learn to delegate and to do it well;
       doing everything yourself is a fail, not a success;
       avoid the Not-Invented-Here™ syndrome.
QUIT - You’ll eventually quit so look in advance for competent successor.

So here it is, a Drupal-powered website which is multilingual, mobile-ready, multi-user and has a static part, a forum, a wiki, one blog per user, a CRM and probably more as time goes on. My job now (I am a plant) is much less to add more stuff and much more to allow empowerment: seize this website as yours. I'll be here to help you, but I'd like this website to be driven by the community - irrespective of whether or not you are MEW members - although MEW will ultimately have some advantages, of course.

No milestone, no roadmap, no bullshit:

377  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 15, 2015, 02:51:09 PM
I just realised something can be improved on the gif. The Cryptonote part shall not show

Code:
5 XMR
?->?
But
Code:
? XMR
?->?
Because even the amount of XMR sent is not known.

Can you remind me who I should contact?

]Where can I tip for this?
papa_lazzarou, you should create an openalias, like donate.moneroblocks.eu. Q: What is openalias? How does it work?

fluffypony, did you think about a croudfunding company? On kickstarter, indiegogo, etc?
crowdfunding usually has a counterparty: you fund us, you get a discount on the final product.
Since we are fair-launched, there is no "discount on final product" that we can offer.

Well in that case it's just a matter of doing what Bitcoin has done in order for Monero to gain value. Monero needs to be accepted as a payment method by more merchants just like Overstock, Newegg, TigerDirect, etc etc etc.
You forget one thing: the required technology is not here yet. Bitcoin had 5 years to create it, we've been around for six months. Current development is exactly about that: making the technology able to scale up. The GUI wallet will include everything that is needed for that - that's why the GUI wallet is more than a nice GUI wrapper.
Once the technology is ready, we plan to market Monero big time and have it accepted by merchants. But not before, because it would only lead to disappointment.
378  Economy / Speculation / Re: Don't invest in Bitcoin until August 2015 (at least) on: January 13, 2015, 02:53:05 PM
That's different than Bitcoin, but alas, people conflate.
Hype is about perception, not accuracy. So it fits well. Hype around "cryptocurrencies".

What I expect to see at plateau of productivity: http://unenumerated.blogspot.fr/2014/12/the-dawn-of-trustworthy-computing.html
379  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: CryptoCoin Explorer General Thread on: January 13, 2015, 01:51:27 PM
If one has not reentered their address information by now, how important is it to the address owner? I have found a technique that would allow the reintegration of the old list, but it would wipe out any new entries not on the old database.However, with CCE 4 the database is being majorly redesigned including the way address claims are stored. I will set aside some time to try and reintegrate the old entries sometime this week.

A little background on the issue being discussed.
The original Hyperstake database was corrupted with orphan blocks deeper then the normal orphan check scan. This required a complete database rebuild to correct. Because of the way the database was structured, the address owner information needed to be manually reentered record by record. The Hyperstake community had been quite active in claiming addresses, and there were many entries. I did reenter the largest of address holders, however it only takes a minute for one to enter their information and I was working under the assumption that one would reclaim their addresses if they wanted to show up on the rich list.
Your answer is OK for me.
380  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | 750% PoS | Most Advanced Coin Control Wallet | 6 Themes on: January 13, 2015, 11:13:58 AM
My attempt at calculating optimal blocksize
https://docs.google.com/spreadsheets/d/1qsvOsodKJsGFx54riDMxznxjXZek95hehftPPIgOHD8/edit#gid=2118064072

Please duplicate a tab and try your own calculation. A database of experienced waiting time would be good too.
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