‘the graph is very complex now, which makes validation very slow, and it is still performed in sql. So large complex graph became possible after we allowed spending unconfirmed funds. Trying to do urgent performance improvements now’
Wasn't the scalability of DAG supposed to be much, much better than blockchain? I thought that was the selling point of Byteball and other cryptocurrencies based on DAG. But if validation becomes slower as the graph becomes more complex, then we really don't have a competitive advantage in using DAG,. I think the immediate issue is the original design decision to use sqlite for db - it is just a single file database that isn't intended for much beyond like a single small website or data storage in lab or something. Howard Chu says, "shoulda used LMDB." |
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HUC still trading on Polo but no CHI. No exchanges until ICO ends in 2023?
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So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!
22%? The breakdown is now as follows: 67,2% Distributed, of which reserved (in % of total supply) 1% Tony (BZUAVP5O4ND6N3PVEUZJOATXFPIKHPDC) 1% First 100M users (TUOMEGAZPYLZQBJKLEM2BGKYR2Q5SEYS) 32,8% Undistributed (MZ4GUQC7WUKZKKLGAS3H3FSDKLHI7HFO), of which reserved (in % of total supply): 20,5% Several distribution methods (cashback, attestation rewards, textcoins, etc.) 11% Foundation funding (spent over 36 months, but hopefully lasts much longer than that) 1,3% Long term motivation plan (we don't want these foundation members to give up) Decentralization of 11 out of 12 witnesses was always the plan, but it's not as easy as it seems. Neither is mass adoption. To achieve our ambitious goals we need a foundation with enough funding to make it happen. In the article we try to explain our reasoning behind this decision. If you have any questions or other remarks please share them. You're correct, nominally 12% not 22%, but even so I don't think it's possible to have a legitimate currency where one entity is controlling 10% of the entire supply. This is a major issue for zcash and others, imo, and for a long time even cast a shadow over Bitcoin wrt Satoshi estimated to hold 5% of ultimate supply (though I think it's fairly widely believed that those coins will never move now). Even 1% as originally proposed is massive. This would be equivalent to someone holding like $50 trillion USD. Five or ten percent or higher is just impossible to be taken seriously as a legitimate worldwide monetary system. I know it might not seem like it based on the mania of last year, but imo there little chance such a centralized system can be seen by most as anything but a money grab or Ponzi. |
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So go from a premine of nominally 1% to 22+% and commit to giving up control of 50% of network control (except probably at least one or two controlled by foundation which is de facto same people running network now). Wow. Such decentralization!
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I have a question, we'll know that BTC, BCH & LTC main goal is as a payment method, and ETH, EOS & TRX etc are mainly smart contracts & dApps... So my question is where exactly do DCR stands, like what's it major goal or something.
I don't think this is really true, as smart contacts are being developed to run as sidechains (rootstock) or on lightning/second layer for bitcoin. But the answer to your question is basically bitcoin with a different consensus/governance mechanism. |
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I reviewed LocalMonero.co and found that almost every listing does not accept payments from New Yorkers. Why?
New York has a state law known as BitLicense which makes it a lot more onerous to operate any kind of cryptocurrency exchange there: https://en.wikipedia.org/wiki/BitLicense |
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We are PROUD to announce @hyc_symas CTO @SymasCorp & @SecurityGuyPhil [Philip Martin], VP Security @coinbase, as our #KeyNote Speaker of @monero Project + @BCOSvillage at @defcon 26  Detailed schedule https://bcosvillage.org/events/index.html … Coinbase confirmed. Buy b42l8. HYC's arguments to change the licensing scared me. what are your thoughts on that? I seriously doubt the license will be changed to anything more restrictive. |
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We are PROUD to announce @hyc_symas CTO @SymasCorp & @SecurityGuyPhil [Philip Martin], VP Security @coinbase, as our #KeyNote Speaker of @monero Project + @BCOSvillage at @defcon 26 Detailed schedule https://bcosvillage.org/events/index.html … Coinbase confirmed. Buy b42l8. |
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OP seems to be a scammer. Begged to borrow some funds to keep some services running, finally sent 0.01 BTC, now getting ignored even though BTC has moved. Not a big surprise I guess.
Who is OP ? What type of services? You are op. Original poster. I removed post anyway, so you can delete. |
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[WTB] 1 Satoshi
When GDAX?
I think after all these proposals are funded then gdax Coinbase pro: https://funding.wownero.com/proposalsNot really but really would be cool to get these folks some wow for all the wow work they're doing for wow. |
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due to the fact that i want to invest in some already established crypto (which monero in my opinion definetley is) i would like to find out more about XMR, where can i find the roadmap for monero?
only scamcoins have roadmaps. there once was one, a while ago ... oh it looks like it was updated https://getmonero.org/resources/roadmap/Disappointed there's nothing listed on roadmap for 2023. |
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Nice work. Just FYI, if you didn't know "Jenny" controls the /u/BCN_Official account on Reddit as well.
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Which technology? Proof of work or proof of stake please?
Algorithm of consensus is neither PoW nor PoS. A core in this algorithm is determinism established by the positions of transactions in the chain. The qualified witnesses approve that determinism. You can find more details concerning Byteball consensus in OP. It's essentially delegated proof of stake with twelve validating nodes, all of which are operated by a single person. Maybe should just rebrand to TonysDatabaseCoin. |
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I see that again and again there are people here who claim that Byteball should be not be listed in Gigabytes in exchanges since this would be harming the price, because investors would perceive the high cost of one Gigabyte very expensive. I have always been against the "tactical" idea of scaling down the official unit of measurement just for the purpose to benefit the price. Tony has always stated that he is not interested in the price but in the distribution of the coin, and I have always agreed on that.
But then, I've also seen Byteball listed in Gigabytes on Coinmarketcap and something has suddenly clicked in my mind.
The fact that Byteball is measured in Gigabytes is not a problem because this is harming its price.
The fact that Byteball is measured in Gigabytes is a problem because it is crucially violating Byteball's mission number one: to achieve mass adoption.
It is an interesting argument, but the real focus is not just widespread distribution of Byteball, but widespread adoption. If you do shift the unit of listing at exchanges to MegaBytes or KiloBytes, you would have more people buying. The problem is that most of them will be speculators with no motive of trying to use bytes. Who's using it now? https://byteball.fr/heartbeat.phpThere's maybe a few transactions per minute on average, every node that matters is operated by one person, and the trading volume is only $100k per day (no one is even speculating on it). I don't really see how it can degrade the situation much at this point. |
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Yes, I have set up 10 accounts to be a member account, but there are merit rules, so the 10 accounts are stuck in Junior.
I'd be legendary. And clearly merit system not a terrible thing to stop account farmers like this dooshtaco. |
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@smooth. I reckon someone between you, stoffu or american pegasus need to contact Poloniex and make some proposal and tell them that Aeon is now upgraded?
Also, how was Aeon listed the first time?
Poloniex listed every cryptonote shitcoin under the sun for about 3-4 months at least. Just got in early. |
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