Sorry I don't understand. Are you referring to the marketing graphic (aka Jizz Sheet)? I tend not to read them, I don't want the BS spiel I just try to find real value... Are you saying that you are implementing instant transactions?
Ok so I write detailed explanations and you go "SORRY I DIDN'T READ IT I NEED BULLET POINTS" and then I give you an infographic with bullet points and you go "SORRY I DON'T READ BULLET POINTS I NEED EXPLANATIONS". Do you see the problem here? To answer your question more directly: as indicated, we will implement a really fast, really lightweight sidechain/daughter-chain that settle back to the main chain for regular spends. This will be quite fast, but for a truly instant hub-and-spoke system we'll probably do something based on the Lightning Network proposal, but using the lightweight tippero-style chain for significantly faster verification (unless we end up replacing our PoW with Cuckoo Cycle in the interim, in which case a dedicated micropayments daughter-chain is deprecated by a Lightning Network hub-and-spoke). Since I know that went over your head, here are Rusty's explanations on how Lightning works for truly trustless instant transactions and micropayments (no MasterNodes needed!) - http://rusty.ozlabs.org/?p=450http://rusty.ozlabs.org/?p=462http://rusty.ozlabs.org/?p=467http://rusty.ozlabs.org/?p=477It's really evasive fluffy, now ad hominem, I am asking a simple question....what actual innovation / value does Monero bring that any other cryptonote coin doesn't? Still waiting I don't think you understand how an ad hominem attack works. Were it an ad hominem I would focus solely on unrelated efforts you've been associated with, deflecting from the problem at hand to instead focus on your character. So, for example, if someone were to focus on me and discuss whether I have some personal vendetta, instead of focusing on the specific issues I have with an obvious scam, that would be an ad hominem attack. You speak about "actual innovation", but you forget that this is a cryptocurrency, not a website. Innovation requires careful forethought, loads of discussion, tons of research, a threat model to work against, and ensuring everything is built against stringent standards. And even then we still manage to fail over and over again. Monero has never claimed to be the greatest X or the best Y. All that we're trying to do is be a worthy experiment, a safe playground where we're at least able to validate any specific promises we make, whether it comes to safety, performance, privacy, or otherwise. If that bores you, well then there are plenty of whizz-bang flash-in-the-proverbial-pan cryptocurrencies you can play house with. More evasion Fluffy.... Again, what is the unique value of Monero over any other cryptonote coin? Aka what i your value proposition? If you can't answer is there anyone available on the team who can? The unique value of Monero over other cryptonotes is being the first one that wasn't an abject fraud like Bytecoin, and having a public and open development process. If you want to go hang out with, say, Fantomcoin instead, have fun, but you may be a bit lonely. |
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I think most of the users are upset because when they had knowledge of bytecoin a large portion was already mined, and so what?
If anyone wants the coin he can mine it with a lousy computer.
For me bitcoin is much more unfair, i can`t mining it and i only knew of is existence in 2013.
If that were the reason for users being upset, then you would be right somewhat. However, that is not the reason users are upset. Users are upset because the Bytecoin project is an abject fraud, the back story is a lie, and 82% of the coins were in-effect premined and then misrepresented. It isn't a question of 'fairness' it is one of distaste and distrust. People don't want to be associated with ugly lies and fraud, nor do they want to support it or the people behind it. Yes but they are the ORIGINAL, not copy clone.  Tenebrix was the original scrypt coin. It died and was replaced by LTC because it was premined, and that wasn't even done fraudulently. Being the original works, as long as long as the original isn't crippled by foolish (or worse fraudulent) decisions made by its developer. Otherwise, in practice, the "original" is nothing more than a prototype. |
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Are you really comparing a bunch of guys competing for less than 5% of the emission with a 82% hidden premine along with a crippled miner and a bunch of lies to try to hide it? Be serious!
Well, let's see, the un-deoptimized miner was committed to bytecoin on May 8, 2014 (merged from Quazarcoin which was forked from Monero). If we are to believe that Bytecoin was launched July 4, 2012, that means the very same issue with the crippled miner that existed in Monero for roughly a month (first commit to start fixing it by the Monero core team after 19 days) existed in Bytecoin for almost two years. By comparison yes, Monero was really clean clean clean. Even in absolute terms starting to get it fixed in 19 days by a team that didn't know each other and didn't develop the original code is pretty damn good. |
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Blockafett, I think what you may forget is that monero is not a bitcoin clone - therefore, there's a lot more under the hood development that is not as blatantly "oh look my transaction is shiny fast"
If you are saying that Monero doesn't have instant transactions, you might want to address that before trying to change the world. Most people in the world expect instant payment using cash or credit card, i'm not sure how you expect people to adopt a delayed payments system but good luck. Blockchains don't do that. If you want a system for instant payments that is secure and not a thrown-together Rube Goldberg contraption like InstantX, use paypal, etc. Payment channels, for example, are a proposed method to build something instant on top of a blockchain that doesn't have centralization and paper-thin security, with some other compromises. This is a hard problem. |
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Monero idealists are saying it doesn't matter that the hashrate is dominated by botnets.
Off topic for the thread but in point of fact there isn't really any evidence that Monero hashrate is "dominated" by botnets. I'm sure there are bots mining but the fact that I can mine at a profit on my own equipment (and have done so for months) while paying for electricity is very strong evidence that their involvement is limited. |
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2. Instamined harder than any other coin out there 12.5% of the current minting was mined in the first day
That's incorrect. 1.9 million was mined in 24 hours (1.5 million in just eight hours). The current minted total is 5,302,819. That makes the one-day instamine around 35%. generalizethis explained very well on another thread (where it was also explained -- and documented -- that it was not a "fast mine" or an accident but a deceptively orchestrated scam) why this permanently relegates DASH to being nothing more than a pump-and-dump shitcoin. DASH carries within the genetics of its fraudulent launch the terminator gene and will self destruct at the first whiff of mainstream success (though in fact even getting that far is highly unlikely) Trade it and take profits if you must, but labor under no illusion that dash has a promising future. Very quick diagnosis. The dash instamine matters because: even though BTC by all accounts had a fair launch, it still enjoys the label of ponzi by some in the media and still has yet to jump any mass adoption hurdles. What do you think this same media will do if dash were to make a play as BTC's replacement? Do you think a coin that looks, smells, and most importantly reads in Evan's own quotation marks as a fraud is going to be ushered to the throne without a massive media assault? Because billionaires and governments like having their money replaced by a top heavy band of pseudo-cypherpunks with the moral compass of a fraternity next to a rohypnol factory. So yes, dash supporter, everyone is paid to get you, but ironically by your own hand. And if you think it is bad now, you have no idea of the shit storm that would be leveled at you if you even got a whiff of BTC's market cap.
If Evan had really wanted to replace BTC, he would have foreseen every thing I just outlined and realized there were only two options: 1. a fair relaunch or 2. admit it was an instamine and said "a dev has got to get paid how a dev has got to get paid". He didn't--he wanted the benefit of an instamine without the perception of greed, but didn't think far enough ahead to see his creation as a replacement for BTC and what the consequences of his actions would be if he ever truly got on the same playing field as BTC. The fact that his coin made it to the top five with this hanging over its head should be congratulations enough--the market rewarding his misplayed strategy with being the heir to Satoshi's kingdom is a pipe-dream wrapped in rainbows flecked with fairy dust.
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what is one defining factor that can disprove OP?
Lack of evidence for just about all of it. There is very little there other than innuendo, including the rather amusing claim that I'm actually a ghost writer. Maybe I should change my avatar:  whats OP's motive to do all this research and connect the dots?
The hope that by attacking Monero it would convince people to buy the Bytecoin fraud. It didn't work. |
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i support reducing the coin supply to have DSH - BTC market.
dev, i suggest presenting coin reduction in a more easy to understand fashion...
10,000 to 1
1000 to 1
will make the total number of coins from 184.46 billion to? and how it will be implemented? if i have 10,000 coins, a wallet update will make my coins become 1?
in current prices where would that place DSH in BTC equivalent in satoshis (10,000 to 1 and 1000 to 1)
If I understand what is being proposed correctly the only change would be how the numbers are displayed. In the code and on the blockchain everything is stored in atomic units, and the number of atomic units in each wallet would not change, only how it is displayed. So instead of 10 8 atomic units being displayed as 1.0 coins, 10 12 atomic units would be displayed as one coin (10 8 atomic units would be displayed as 0.0001 coins). This would be put the coin supply at around 18 million and in line with XMR, BBR, etc. (or BTC for that matter). |
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I think most of the users are upset because when they had knowledge of bytecoin a large portion was already mined, and so what?
If anyone wants the coin he can mine it with a lousy computer.
For me bitcoin is much more unfair, i can`t mining it and i only knew of is existence in 2013.
If that were the reason for users being upset, then you would be right somewhat. However, that is not the reason users are upset. Users are upset because the Bytecoin project is an abject fraud, the back story is a lie, and 82% of the coins were in-effect premined and then misrepresented. It isn't a question of 'fairness' it is one of distaste and distrust. People don't want to be associated with ugly lies and fraud, nor do they want to support it or the people behind it. |
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@anon136: I try to keep up with their ANN thread and over the last few weeks some unsatisfied people are popping up for a variety of reasons. Also, I think vertoe leaving made some people lose confidence. Furthermore, the statements of gmaxwell (which resulted in toknormal (a big Dash proponent) making a fool of himself), andytoshi and the XMR vs DRK thread in general might have scared away some potential investors who could've sustained the rally.
It is no secret that DRK has been propped up by a few whales and the BTC decline while not directly relevant to the DRK/BTC price may be raising some risk-management concern of how much of their wealth they want to dump into it. The same could be said for XMR I suppose, except that XMR has in practice held up better during the recent BTC drop. |
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how to make 1 kh/s per pc? this must be heavy machines no? xeon workstations or something similiar or am i wrong?
That or GPUs wouldnt it better to use 1 PC with many GPUs than 1 PC 1 GPU? I assume that was CPU. Yes it is generally better to build GPU rigs with multiple GPUs per computer to minimize cost for motherboard, CPU, PSU, etc.. The cost curve is a bit less severe with Monero since you can mine on the CPU as well so the CPU+MB isn't pure overhead. |
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There is certainly nothing wrong with using string-based numbers for accounting though. That probably the most reliable approach, and suitable for nearly all cases where performance and a possible space penalty don't matter.
Just fails on numbers like "one third", as in 1 divided by 3. Or on hitting any other prime numbers while dividing. How about cranking up ini_set('serialize_precision', 17); and maintaining code readability? Those bcmath functions must have been a pain in the ... Numbers such as 1/3 don't exist in accounting. There is always a defined precision (cents, satoshis, etc.). It is rare that you would ever do something like divide by three but if you do (e.g splitting an expense) you would need to explicitly address how to deal with the remainder to avoid books not balancing. |
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5 2 20 23 12 = 
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Question about the University.
I see that The Prince of Soul and The Duke of New Liberty have declined to reclaim their University donations.
I'm curious as to the purpose of those assets within the new structure of the University as a federation of private colleges. My decision to reclaim my donations was based on the apparent lack of any useful purpose. However, I may reconsider if I my interpretation was in error.
Perhaps the new Chancellor or another would like to explain the new role of University character assets.
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So monero cannot ultimately be stored as integer if we intend to preserve all the decimals. We could reduce the decimals to 8 like bitcoin. That will take care of it. But there is one unexplored alternative I’d like to present first: decimals and arbitrary precision math.
Monero can be stored in a 64 bit unsigned integer. The total money supply has to fit in a 64 bit unsigned integer currently (as required by the base reward formula). This will be true until some time after the tail reward kicks in (roughly eight years). Even then, the amount allowed for any single transaction will still be constrained by a 64 bit unsigned integer. Some languages don't natively support unsigned integers. It is possible to use signed integers as unsigned, but error prone. Operations such as addition work fine, but I/O, division, comparisons (and a few other operations) require some extra processing. There is certainly nothing wrong with using string-based numbers for accounting though. That probably the most reliable approach, and suitable for nearly all cases where performance and a possible space penalty don't matter. Very nice work on the integration utility. Congratulations on the release! |
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- The position of Chancellor is open due to resignation. In the new model, Chancellor is still required, and his qualifications include storytelling ability and ability to coordinate the scientific efforts (soon, there will continuously be a host of new advances that people strive to unlock, and alliances can be made to share the profits - even competitive and/or proprietary advances may be open for research). I very much know the small number of current players and their insufficient time available to delve deeper into the game, but I also seek to compensate the ones who nevertheless do it. The Marquess Smooth is very eligible to apply the position if he feels the new coordinator/negotiator role fits better than the old fundraiser/micromanager.
The Marquess Smooth must unfortunately decline the invitation, as it is unlikely he would have the time to do the role justice. Marquess Smooth reclaims the following donations/loans made to the old University: 50 shares Noble Palace (from original IPO; shares paid for by smooth) 191.1 shares Smooth IF (shares were issued to University in exchange for other shares, primarily Noble Palace, which were originally donated by smooth) 900 CKG donated in 1466 (accumulated dividends and stone stake left with University character) SPE-3 (donated by smooth via Smooth QC liquidation auction -- return to smooth) 200m (loan made in 1598, recorded on DEBTS tab) 3x ASS-3 (loan from smooth QC made in 1598, recorded on DEBTS tab -- to be returned to smooth QC) |
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I'm confused. Are [DASH] and [DSH] different? I should also point out that I'm easily confused! Craig Someone decided it was a good idea to rename his coin to Dash ([DASH]) even though there is already a Dashcoin ([DSH]). Brilliant, huh? |
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This is the potential. The potential is not to beat DRK or beat BTC. It is to become free of debt money slavery, together.
I don't think we'll ever be free of debt money slavery. What will stop banks from issuing "federally insured" certificates using Monero as lending leverage? The only thing that effectively stops it is cryptocurrencies being useful and efficient for commerce. Then you get an application of reverse Gresham's Law where the softer money is rejected by the market. |
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But even greater would be an easy way to set up a full node using a GPU miner. I know its doable, but I haven't had the full weekend of time to devote to tinkering with it.
Yes you just need to install the pool package, which isn't that hard (I did it once, a long time ago). A step-by-step guide for that would be great. |
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What's the best way to help out the network? Full node? On Raspberry? VPS? Other system? What's cheapest?
The best way regardless of cost is a full node on a decent CPU (i7/xeon) with solo mining. The equipment costs money obviously -- unless its something you already own -- but the power usage is pretty low. If you have a suitable GPU you can't solo mine obviously, so mine to a smaller pool. RPi is very experimental at this point, won't really do much to help the network short term (no one has even synced yet). VPS and such is reasonable, obviously has some privacy risks if people are using it for spending but no worse than a shared node. Most cheap VPS won't be feasible for mining. Runing a node without mining still helps the network, but not as much. Some VPS might be okay for mining though. To help the project direct your solo mining to the donation address, but obviously that's a separate question from helping the network. |
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