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61  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: December 26, 2015, 02:25:30 AM
Mærry Christmas and Happy Holidæys to all of the æon community!

I sense 2016 will be a very good year. Smiley

ftfy  Cheesy
62  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 26, 2015, 02:23:39 AM
...One could argue it could turn in a sell the news event with the new upcoming updates..

Seems unlikely. I have argued before that this is not really a rumour-news event, because no one really knows the date of the new release. I would agree with you if there was a set date for the upcoming release.

One little remark, this is crypto, so you could be right.

EDIT: Also, we had that little spike last week one huge volume. It could very well be that those buyers dumped later because the "spike" lost momentum.

i also do not think it will be a rumor-news thing. many allready tried to frontrun it and got burned by doing so.
the big news is the hardfork in march and my guess it this is not yet priced in. but it will come, even if 0.9 is released in february if i understood correctly. with the first hardfork there wont be this full 6 months cycle. (please tell if wrong)

so yeah there is a date somehow and it will be a very big event for monero. we still have a lot of transactions with mixing 0, this hardfork will increase default functionality for everyone and make monero a much much better coin. having a pimped client with less ram and new db etc is only the bonus if you ask me, its all about the minimum mixing.


btw yes i very much agree on the liquidity thing. since we all provide liquidity, why cant it be higher like it was earlier? in my view it really has a lot to do with polos kyc rules. am i wrong? or are you guys just broke?  Grin

at least the polo kyc is the main reason for me. i do not want to get full registration.

so could an exchange without kyc/aml help against the liquidity shortage? or is it just a general market phase that many coins/markets experience


If there is any confusion around the hardfork, read this -> https://www.reddit.com/r/Monero/comments/3n06qw/there_seems_to_be_some_confusion_around_the/

Regarding polo and liquidity. It is a bit of both. First, back in the day the max withdrawal limit was the same for everyone. In other words, everyone could withdraw an unlimited (might have been 25k, not entirely sure about that) amount. Thus, it was fairly easy to get out your money quickly. With the KYC in place, polo literally needs to know everything about you before you have this 25k limit. Name and country will only give you a limit of 2k, which is quite small if you want to provide liquidity. Even the 7k limit, that you get after filling in some additional data, such as address if I recall correctly, is quite small if you want to provide liquidity. Certainly with the current BTC prices. At last, providing KYC data to companies is a huge turn off for people involved with cryptocurrency. It isn't necessarily that they are warry of providing the data itself. Just that they are warry of the possibility that their data might leak after a hack. Like I said before, polo literally needs to know everything from you to raise your limit to 25k (including photos if I recall correctly). If this data gets leaked somehow, that's a huge personal risk (think of identity theft, which is certainly no joke).

Precisely. They have been hacked before (to their credit made customers good again), but you can't make good something like theft of ID. ID theft coupled with the knowledge of how many XMR/BTC you have (and note that many of us speculate they will be worth much more in the future) is surely not a winning proposition.
63  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [AEON] Aeon Speculation on: November 13, 2015, 10:22:52 AM

I think tag lines and such are distinct from a logo.
 
  
Sure, one problem at a time.  Just putting it out there.  
  
Also, it seems we got rid of this lighter blue, but I was quite fond of it.  Is there any way to see the logos in this shade?  It's a great compromise between the electric blue and the dark cyan you are using.  
  


This is my favourite so far. Because of the colours, and that there is no gradient.
64  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: November 04, 2015, 11:42:35 PM
I like the 8/9. You've got my vote for it.
65  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: November 04, 2015, 01:23:33 AM
They are deflationary - and the dev gets 1% of all coins per block mined unless the miner bother to add a special flag, I don't have problem with this but it could easily mean trouble in the future (for the dev). They got lucky the emission is considerable slower than Monero and its making up for the lack of development (but it shows signs of not being completely abandoned).

I have mixed feelings about this.  On one hand, it is vastly superior to any IPO in existence, made even more valid by the fact that with a few additional bytes of code any miner is free to opt out.  
  
I believe that perhaps it is defendable if the collected funds go to a "development account" and not just to one person's wallet.  
  
Also, knowing that Boolberry is deflationary pushes my resolve on this issue farther.  
  
I humbly propose we should move to a fixed inflation rate, and the subject of discussion should be what rate is appropriate.  I feel like anything between 0.75% and 0.9% would be fine (but lean towards a nice crisp 0.9%)
Most currencies are 2-4% I think that a .75% rate would not be earthshattering and could give be the evergreen tree from the rear view mirror fresh smell. The fixed rate idea and deflationary theories are fundamentally flawed for crypto imho in many many ways including accidental and purposeful burning of currencies and network activity. I liked the idea before about having an algo that addresses that which controls a dynamic inflation rate... but yeah most countries are 2-4. Now hyperinflation is an interesting concept but when mixed with POS gives the ponzi feels. I dunno what is right but I think 0.75 wont burn the world to the ground, nor will it create a second earth. Run with it. GJ.


Are there any numbers and thoughts on velocity in bitcoin during ascending prices versus descending prices?

I tend to hold on to coins more during descend than ascend.

The more money people have the more money they spend.
66  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: November 03, 2015, 12:16:23 PM
Monero has given excellent shorting opportunities.
I have no reason to believe it ceases to giving them in the future.
Risto is saturated with Moneros and so are probably the majority of the community. Correct me if I am wrong but there are very few signs of coming demand for the coin.
The risk is, Monero will be considered as fast mined by the late adopters who decide only adapt it in smaller scale or some even not at all as many will not want to participate making the early adopters even richer.


That is a risk, but on the other hand, mot of us are at a loss.
People had a lot of opportunities to buy below 0.002 BTC per XMR.

TrueCryptonaire is just buying again. Remember when he was in "We're going to the moon"-mode about a month or more ago? He was selling back then (but claiming to buy shitloads). Now it's doom and gloom and he's there to pick up some el cheapster coins. The cycle repeats. Again.
67  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: November 03, 2015, 04:38:34 AM
For those involved in the Aeon debate about enabling actual inflation, smooth has proposed the easiest and most socially acceptable solution would be just to leave in the first year's inflation rate (~0.85%) after the initial issue. 
 
This ensures we grow at a different pace than Monero (for better or worse), gives us unique identity, and solves the issue of having actual inflation without any possible fears of it being too high of a number.  Also, since this amount of inflation was already in the cards to begin with (after forking from Monero) this doesn't really alter the social contract.
 
On a long enough time span, this would result in significantly more Aeon being created each year vs. Monero, but the total values will stay relatively comparative for many years before this happens. 
 
As far as the idea for smart inflation, it sounds like a great idea (as did digital cash initially in the 80's and 90's) but sounds like it might need some new brilliant combination of mathematics plus some vetting on an experimental blockchain before it could be considered to be incorporated into one of the major cryptonotes.

I'm in much more agreement with Johnny Mnemonic here. I can see the usefulness in "smart inflation" though.

Just remember that you are applying existing (and arguably failed) economics to brand new technology.

Did increased inflation and/or lowered/negative interest rates help anything ever? Was there ever a cause correlation?

Exponential growth is a thing. Fixing the inflation rate at a % of total emission per year vs. 0.3 per block is significantly different.

I'm a little confused.

What did JM say that you agree with?

In your last sentence what are you suggesting?


I don't think you are confused. I think I am the one that is confused.  Cheesy

I tend to agree with what he said here: (Note it's a quote from 2 replies of his). And I put in a disclaimer of "tend to".

Quote
It would be great to see a "smart inflation" of sorts, where the rate of debasement is determined somehow by the transaction volume. This way, the money supply grows in proportion with the network.

However, "moar inflation" does not automatically mean more spending. You need enough to disincentivize hodling vs the opportunity risk of investing in productivity. Beyond that there's little incentive to spend (until you get to hyperinflation territory).

In my last sentence I am saying there is a difference between a % inflation rate and a fixed block reward - where the former eventually will grow the money-supply at a rapid pace. There was no suggestion to be honest.

DrkLvr_ makes a sound suggestion with lowering the % each year/period. I assume you would calculate a per block percentage, so the "compounded interest" would not only be per year, but would be from each block reward.

And maybe the percentages are so low compared to the time-line we are looking at.


68  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: November 03, 2015, 01:55:20 AM
For those involved in the Aeon debate about enabling actual inflation, smooth has proposed the easiest and most socially acceptable solution would be just to leave in the first year's inflation rate (~0.85%) after the initial issue.  
  
This ensures we grow at a different pace than Monero (for better or worse), gives us unique identity, and solves the issue of having actual inflation without any possible fears of it being too high of a number.  Also, since this amount of inflation was already in the cards to begin with (after forking from Monero) this doesn't really alter the social contract.
  
On a long enough time span, this would result in significantly more Aeon being created each year vs. Monero, but the total values will stay relatively comparative for many years before this happens.  
  
As far as the idea for smart inflation, it sounds like a great idea (as did digital cash initially in the 80's and 90's) but sounds like it might need some new brilliant combination of mathematics plus some vetting on an experimental blockchain before it could be considered to be incorporated into one of the major cryptonotes.

I'm in much more agreement with Johnny Mnemonic here. I can see the usefulness in "smart inflation" though.

Just remember that you are applying existing (and arguably failed) economics to brand new technology.

Did increased inflation and/or lowered/negative interest rates help anything ever? Was there ever a cause correlation?

Exponential growth is a thing. Fixing the inflation rate at a % of total emission per year vs. 0.3 per block is significantly different.
69  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: October 31, 2015, 11:16:06 PM
Looks like the network is getting pretty healthy. I see a lot more nodes including nodes some new nodes accepting incoming connections. Minergate is still >50% but down considerably from before. Please continue to deploy nodes and spread out the hash rate!


I'm amazed people still mine at minergate...

It was recommended in the OP up until just a few weeks ago.
70  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: October 30, 2015, 01:21:21 AM
And the above is supported by the fact that after roughly 550 days Monero has roughly a magnitude more members doing commits!

You can all sign up for my newsletter, for 1 xmr. The first edition will be sent out in 2019.
 
  
Luckily, the highly predictable nature of the future has been a constant throughout history.  Wink


https://bitcointalk.org/index.php?topic=753252.msg12785770#msg12785770

Which means that somewhere around 2018 you'll quit your job and be applying yourself in this space full-time. If you already know today then might as well hand in your resignation for that date.  Cheesy
71  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: October 30, 2015, 12:37:24 AM
And the above is supported by the fact that after roughly 550 days Monero has roughly a magnitude more members doing commits!

You can all sign up for my newsletter, for 1 xmr. The first edition will be sent out in 2019.
72  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: October 30, 2015, 12:34:48 AM
I am lamenting the emission cut did not pass a year ago. Currently we just get loads and loads of cheap XMR on top of what we have, and when the value is realized in the wider audience, it feels almost as bad as a premine, with great concentrations of coin in the hands of people who already were rich and smart and forward-looking.

The intention is not to punish from such qualities, but now the reward is so excessive it makes me blush  Embarrassed

"Equal opportunity" loses some of its allure when nobody is using it (and then complain afterwards, same as with BTC)

I beg to disagree here. People overestimate how high the emission rate actually is. Furthermore, changing the emission rate would have broken the social contract and would probably look way more sketchy from the outside than the fast emission rate. I also agree with wachtwoord on this matter.

Well, we all agree with the argument about breaking the social contract and eventually reached 100% consensus on the matter. But we can still feel sad about the things we can't change.

In keeping with my post above, I believe the emission is important sometimes and unimportant at other times. But if we look at different altcoins with varying inflation, it does not seem that supply inflation of coins has been significant in recent history:

By the end of 2015, LTC's supply inflation will be about 33%. Dogecoin's supply inflation for 2015 will be about 5.26%. Monero's supply inflation in 2015 will be even higher than Litecoin's. Peercoin's supply inflation for 2015 is slightly lower than Dogecoin's. This is a huge range. But when we look at the LTC, XMR, PPC, and DOGE charts, do we really see much of a difference?

Larger macroeconomic effects (namely, an extended post-bubble bear market) has hammered all the altcoins into the ground regardless of their individual supply inflation schedules. So in the end, I think emission has basically been a nonfactor over the past year.

Let's crunch some estimate numbers just for fun.

Monero has been alive for roughly 550 days and has a supply of 9.8m XMR - and a total market cap of 4.4m$
When Bitcoin was 550 days old (roughly) it had a supply of roughly 4m BTC and a total market cap of 300kusd. The price at that time was 0.08$ (after a moons-shot).
If BTC had the same price as XMR around 550 days we would be looking at more than a magnitude more than it was. Around 0.9usd$ - correlated for total emission).

So all we have to do and it is very easy is to extrapolate those numbers into the future. BTC had its biggest bubble after 4 years and 11 months with supply being around 12mio and price peaking around 1100. That means comparing the 4 years and 11 months in XMR the date is early 2019, where the supply is 17mio. Thusly - a price of 800$/XMR in early 2019.

But wuuuaaaiiitt.....wait a little - it was shown before that xmr prices were a magnitude above btc prices compared with time. So that's 8000$/XMR in 2019.

Heck. why not just make it 10,000$ in 2019. That's an even number.

There you go that was easy. Speculation indeed.
73  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: October 29, 2015, 05:43:09 AM
To those who use http://moneroaddress.org:

When saving that page (always save as raw, or HTML only), your browser may select a default filename of "Monero offline wallet generator.html", based on the page title. If you intend to verify the signature (and you should, otherwise you are vulnerable to attacks from your ISP or your exit node), make sure you save the file as monero-wallet-generator.html, as this is the filename that gpg expects when verifying with the signature in monero-wallet-generator.html.asc. If you get any error along the lines of "failed to open file", or "no signed data", or "can't hash data file", then this is probably because the filename is wrong.


Thank you. This should be stated on the site itself.
74  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: October 29, 2015, 04:02:21 AM
Is there existing some very detailed instructions for compiling on linux (ubuntu)?

Keep getting no where with this.

i pulled it off. just use the "compile monero" instructions in my sig, but replate the git clone with the aeon repository.

This is great, I got it to work. Thank you GingerAle.


Edit:

Do I need to backup the wallet files - or can I restore from anywhere with only and just only the seed?
Do I need to keep the wallet ID?

And, I compiled from aeonix/aeon - even though smooth's branch has 1 more commit. Should I compile from the aeonix branch or iamsmooths?
75  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] AEON 2nd gen cryptonote, anon, mobile-friendly, scalable, pruning on: October 29, 2015, 12:52:07 AM
Is there existing some very detailed instructions for compiling on linux (ubuntu)?

Keep getting no where with this.
76  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: October 22, 2015, 09:17:12 AM
Did anyone introduce Monero to some DarkMarkets?
Some guy around here is doing a bit of Marketing for Monero, i am just not able to recall his name...  Angry Grin

I do remember there is someone promoting XMR, but I can't recall his name either.  Tongue

Found that guy  Grin
Wrote him a pm  Roll Eyes

I do my best to promote Monero but have zero connections with any dark markets and have never promoted Monero there. My focus will continue to be on clearnet businesses with a focus on privacy and security. VPNs, encrypted email, encrypted cloud storage are a few examples of the companies I am contacting. I also am contacting privacy related charity and lobbying groups to ask about accepting Monero for donations.

+1 for good strategy

I understand trying to get companies to understand the importance of using a crypto that isn't a "public" as bitcoin is with it's transactions... but wouldn't it be somewhat better to try and get everything "under the hood" ready to go before we purpose these companies actually use and accept XMR?  I mean the devs still have a bit of work to do, and I would imagine the companies you're contacting will do extensive research on the progress and reputation Monero has as of right now in the crypto world.

I think possibly once everything gets set up, they would be more inclined to accept it as a valid payment.  But just curious, what have these companies been saying to you?  How has the promotions been going so far?

It has not been easy. I have a few good leads but most seem to be taking a wait and see approach. It is a balancing act between the work in setting up payment acceptance and the new business that Monero is likely to bring in. Even for privacy focused businesses, customer demand seems more important that payment privacy in most cases.  The companies that are most interested are the ones where the most Monero users have made contact to express interest. Retweets, emails, comments, etc. all help.  

Once we convince Tutanota to add us I hope everyone donates to them and more Monero users start using their services. This can be used as evidence to convince the VPN provider that appears most interested to accept us. I want to focus on one company at a time. When I posted lists of companies and exchanges in the past far fewer people contacted each one. I want to focus on a very small number of companies at one time. We should be thinking about how we can help them as much as how they can help us.

It is not about convincing them from day 1 to use it in their deployment..

It is about planting a seed in their mind. It is about occupying some of their mindshare.

When all of a sudden they need to re-evaluate their deployment (because many reasons), who occupies some of their mindshare?
77  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom - 1991 Retro Virtual World(City) on: October 20, 2015, 03:26:16 PM
I might be interested. What is a loose estimate of a weekly workload commitment?
78  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom Ultima Version Development Thread on: October 19, 2015, 01:07:28 AM
I've signed up thrice now. All times I cannot login again. As saddambitcoin said I have also had issues with not receiving any reset mail (I was in contact with him about this).
The error-code is "Wrong credentials".

Try logging in with your email address as the username.  We are working on revamping the registration, but I think currently the username for new signups is the email address entered during registration.



Thanks, but it still says "Wrong credentials".

Sorry to pester, but any way I can sign in? Tried all combinations. 
79  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: October 19, 2015, 01:01:36 AM

So true, just look at the bitcointalk/reddit posts from 2011-2013, it was all about "anonymous instant internet money". The feeling has changed a lot since then, but since it's a slow continous change (trend being the correct word, risto is right) most users didn't realize they were basing their usage on a completely false promise.

Nothing has changed in Bitcoin of course, it's simply that the perception is becoming more accurate with respect to the actual characteristics.
 

Great comment. I dug up a comment from reddit that's pretty attributable to this particular situation:

Quote
Any bitcoin transaction with a party that knows your identity leaks information that can be used to identify your activity, past and future, on the block chain. For example, if you transfer bitcoins to an online retailer, an exchange, or many of the other services that take customer identity information, you allow them to link that identity to your blockchain pseudonym, potentially revealing the other transactions that you are party to.

Now its just the beginning of bitcoin forensic companies, blockchain research and surveillance. It is  only going to get worse if bitcoin is going mainstream. Bitcion devs and community probably has already too much invested in bitcoin, as to go away from the transparency and mainstream push. They need to please regulators and investors.

If monero would be at the position of bitcoin, it would have to do same. It would have to please regulators. Even if feds or governments made mandatory to give up your view keys to them or to banks, then at least a random monero forensic company, research or online shop, would have much, much more difficult task of identifying your transactions in the blockchain.

But then off course, some people would not like to give up their view keys to anyone, and would move to  another new anon coin, and the circle would repeat it self.





Either that or more likely people would just boycott a particular service that wants them to disclose their view keys and transact elsewhere?

Shouldn't we see that in bitcion then? I mean, people keep using coinbase and all those other services that deny random transactions.

But XMRchina is right. You can have several view keys, if a service wants to see it.
80  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Kingdom Ultima Version Development Thread on: October 17, 2015, 01:08:45 PM
I've signed up thrice now. All times I cannot login again. As saddambitcoin said I have also had issues with not receiving any reset mail (I was in contact with him about this).
The error-code is "Wrong credentials".

Try logging in with your email address as the username.  We are working on revamping the registration, but I think currently the username for new signups is the email address entered during registration.



Thanks, but it still says "Wrong credentials".
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