I'm really digging the discussion here guys (about security paper and PR/media). Let's keep these a priority. We also have another bounty to announce: GUI Miner - Easy Algo Switcher MKRadnUiH2yAxJ8nwKGk95SjtxpA4YZn4XCode a GUI-Miner that allows the user to easily switch between Scrypt, Skein, Groestl, or Qubit "with the click of a button". Even better, include an "auto-switching" mode that passively switches algorithms based on which is most profitable according to http://myriad.theblockexplorer.com/Does it have to be gui? What about a passive command line switcher? I suppose it doesn't have to be a GUI to start with, but if we truly want Myriad to be a "coin for everyone", the algo-switching should be easy as possible for those who aren't tech savvy. But a cgminer type of thing is fine for the beginning.
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Wow. Just finished reading from page 120 up to current, and WOW. This coin is incredible. Solving the crypto community's problem of ASICs vs GPU vs CPU in a single coin is just amazing to me. Three weeks ago I was contemplating selling all my GPUs; game over with the announcement of KNC's Titan scrypt ASIC miner, or so I thought. Vert coin put my selling action on pause and gave me small hope for mining at profit for the near future. But if what you guys have done here holds up to intelligent critiques from people like gatra and notsoshifty, (which it seems it now will thanks to gatra helping out, friggin awesome), then it appears GPU mining is here to stay indefinitely. Once the word of this coin gets out, (and it obviously is if I know about it, I'm just regular Jon and here I am) I would imagine most coins created going forward will incorporate this sort of solution. I'll definitely be pointing all my cards at it in the coming days and hopefully can find a useful place within the community. I write code for PLC's for a living, so I don't have any skills to hunt down those bounties, but I speak well and plan to talk about this coin A LOT! When I initially began reading the thread, I thought to myself, "That's a great coin, from a technical standpoint, but end users don't know or care about the technical aspects. A coin needs to fill some sort of niche for people outside of mining to care about it." In my humble opinion, the few alt coins that will survive the test of time have each filled a unique social niche by implementing an innovation. - Litecoin is a success because it fills the niche of existing as a silver to the gold standard of Bitcoin. The innovation implemented to achieve this was obviously the scrypt algorithm, which has allowed myself and countless others who arrived to cryptos after BTC had left the harbor to mine and enter the crypto world.
- Doge is a success because it fills the niche of social media integration and personifies as well as enables the emerging gift-economy. The innovations implemented to achieve this were three fold; first the reddit tip bot (and hopefully the Facebook tipping app). Secondly the implementation of having an infinite supply of coins, which was less an innovation as it was a break from the established norm (by BTC and LTC, the only two coins at the time with name recognition) that all cryptos should have a fixed supply. Thirdly the high profile gifting to the Jamaican bobsled team.
- Aurora is a success because it created a how-to guide for countries to follow that wish to directly confront central banks and debt based monetary systems. This is more than a niche, but a fundamental ideal of all crypto currencies. Aurora brought to a spearhead Satoshi's disdain for the current monetary system and pointed it right at the central banks in a manner that allows the entire world to hold and utilize that spear. The innovation implemented here was solving the problem of how to empower the citizens of a country with a crypto currency; ie, the legitimization of a premine via Airdrop.
- Einsteinium is a success because the innovation of mandating 2% of all mined coins go to a single social project each month solved the problem of relying on end users to actively and coordinately donate the coin to have real social impact. Similarly, 0.5% of all mined coins go towards maintaining the Einsteinium Foundation (pending official NPO status), so the developers can quit their day jobs and focus on sustaining the coin. Some people refer to this coin as Doge 2.0, but the niche filled here is funding science, not full integration into social media.
I am well aware that all of these coins can be argued to have succeeded for different reasons or to have already failed for other reasons, and my intent is to not incite those discussions, but rather to help me in my own my mind create a framework with which to compare coins to as a means of deciding whether or not they are viable long term investments. So when I first began reading the threads for this coin and comparing it to my framework, it immediately satisfied the requirement of possessing a high quality innovation, but it seemed to fail the social niche criteria. This was at page 129 of the thread and around 1:30AM a few days ago, so I slept on it. I picked the reading back up the next night and right away I came across iamphoenix's comment myriad has significant first mover advantage IMO if one of the algos becomes popular or is useful the best move would be for Myriad to ABSORB the algo into its own arsenal. and it planted the seed that maybe the social niche for this coin wouldn't be necessary. I kept reading and by the time I finished the technical discussions between foodies, 8bitcoder, gatra, notsoshifty, Ahmed and others, I had a strong feeling that the technical innovation of this coin would indeed be enough to place it among the ranks of alt coins that survive and thrive. But was that feeling truth or did it stem from being hopeful that maybe I'll get to continue mining with a few GPU rigs forever?? To answer this question, I started writing this post, and I'm still struggling to find an answer. I know that end users do not care how a coin is mined, none of my friends that have a Coinbase account know what a 51% attack is, what SHA-256 or scrypt is, or even what a hash is. They just know what Bitcoin is because it's in the news. The other coins I listed were also in the news, so this makes me want to get in on the discussion started recently on this thread about some much needed publicity. In my head, this coin would benefit from filling a social niche and then generating some publicity about it. Getting a group of people to decide on what niche to fill is very near impossible once a coin has been launched, but luckily the name of this coin contains the solution; it can fill a myriad of social niches Everyone from artists on Etsy accepting it to jailbreak app coders. From students trapped in debt accepting it on crowd funding sites to millionaire venture capitalists investing in it. From the development of iPhone apps to the manufacturing of bluetooth cold storage vaults. I know that every coin has these same aspirations, and even Litecoin has yet to achieve most of them, but from what I've seen so far in the crypto world, coins live and die by the strength of their communities and communities always start with the devs and miners. Devs get wore out because of the sheer magnitude of work they undertake and the marginal gains they realize after a few months. Miners are fleeting because we're always one step behind the newest technology and forced to try and get one step ahead of the next hot coin. Myriad offers a solution to the constant running away from ASICs for GPU miners, and thus offers a home for some us to stay, be profitable and remain part of the supporting community. I myself would much rather let those stupid GPUs in the garage hash on one coin so I can sit and think about solving real world issues, and that is exactly what I intend to do. The technical superiority of this coin is undeniable, but just like Linux is far superior to Windows, that's not a guarantee of widespread public adoption. The focus for me to help this coin survive will be to think about solving the problems of getting it integrated into society. I don't know what those solutions will be, but I know that they will take A LOT of work by a lot of high caliber people. So before I go throwing out ideas and floundering about, I would like to know if there is going to be some organizing of community effort. Are there plans for the devs to create a foundation or structure for groups of people to meet and work together to implement the ideas and proposed solutions that get tossed around on this forum? Is there anyone who is working on these solutions now who needs a helping hand? I got into mining because I wanted to help develop the long term social benefits I feel are possible with cryptos. I don't know if myriad is where my efforts will take root, but I'm willing to find out. I really like your enthusiasm and your drive to find the social niche for Myriad. Join us on IRC freenode ##myriadcoin (that's TWO ##). We could use someone with your enthusiasm to help market Myriad! I'm going to bed now but you'll see me sitting in there under the same name- neuroMode
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Satoshi originally envisioned a decentralized global cryptocurrency landscape with Bitcoin, defined in part by instantaneous, international p2p transactions free from any 3rd party oversight, the open source development of the Bitcoin network, and a blockchain that can be kept secure by anyone in the world with a CPU (or GPU) with a built-in reward mechanism for participation and compensation for the cost of electricity. What we are beginning to see is a deviation from the third point about decentralized mining--a major deviation. The industrialization of Bitcoin mining is squeezing out the little guy from participating in the Bitcoin network. Consequentially, this makes it likely that the impoverished countries and underbanked people that need Bitcoin the MOST will be the LAST to directly benefit from it. This seems all backwards, and despite the mining industry's attempt to convince us otherwise, we are at a crossroads with what the future of Bitcoin (and altcoin) mining should entail. Do we ramp up industrialization of ASICs to better secure the network at the cost of increasingly excluding the rest of the world from participating? Can the industrialization of ASICs really make them cheap enough to put in the hands of every man, woman, and child in the world? If so, how long will that take? Or is there a solution elsewhere in CryptoLand that can positively correlate enhanced security with inclusiveness?Looking to CryptoLand, we find a an innovative yet fragmented environment marred mainly by exclusionary attributes. Putting clone/copy/spamcoins aside (no explanation needed), a pattern we see emerging with new altcoins is a push to create PoW algorithms designed to "be ASIC free." At first glance, this seems to be healthy advancement for CrytoLand as innovation is always a breath of fresh air. But upon further inspection I believe they might be just as unhealthy for CryptoLand than the clone/copy/spamcoins, but in a less obvious way. These new PoWs, while innovative and resourceful of cryptography research, unintentionally fragment the mining community with their game of ASIC "Keep Away". Each new PoW cryptocurrency is inherently excluding itself from the rest, creating a new "island" of miners in CryptoLand that have fled from the mainland. Naturally, they begin distinguishing themselves from the rest of the SHA256 and Scrypt miners both socially and technologically, perhaps even subconsciously pitting themselves against those on the mainland. While not the end of the world in an environment that is pushing the frontier, the fragmentation is enhanced as clone/copy/spamcoins immediately pop up on these islands using the same PoW under a different brand and attract more miners from the mainland with it. Furthermore, each altcoin with a new PoW naturally grows larger as development aims to attract and retain more miners for its network security and value. CryptoLand becomes characterized more by fragmentation and less by decentralization as time goes on. It's hard imagine how a solution for inclusiveness could be found in this type of environment, but alas; one was born recently in the form of a modular, multi-PoW blockchain called MyriadCoin. With the birth of Myriadcoin, multi-PoWs solve:- The centralization of ASICs
- The fragmentation of altcoin miners
- The game of "Keep Away" from ASICs
Mult-PoW cryptocurrencies will act as the bridge-builders between these island and the mainland, instantly transforming fragmentation into decentralization. Miners can coexist with ASICs in an inclusive blockchain that rewards miners of each PoW fairly. SHA256 ASICs cannot squeeze the GPU miners out from the network because SHA256 ASICs compete among each other, not among the others for 1/5 of the block rewards in Myriad. As a sanctuary from ASICs, GPU miners can choose between 4 other PoWs (Scrypt, Skein, Groestl, or Qubit) that each receive 1/5 of the newly minted coins, respectively. If Scrypt ASICs come on the scene, GPU miners can still choose from Skein, Groestl, or Qubit. If ASICs come on the scene for Skein, Groestl, and Qubit, the Myriad developers can switch out one of the algos for a new, non-ASICed PoW. The game is no longer "Keep Away." The game is "All Aboard." Looking ahead, we know impoverished countries still don't have the luxury of GPU rigs to participate in any cryptocurrency network (let alone Bitcoin). Until a PoW system comes out that is as inclusive as possible (e.g. "human mining"; anyone with a cell phone can mine), we are still left with imperfect solutions that keep 1st world countries alienated from 2nd- and 3rd-world countries. But imagine, even if a PoW system like the one just mentioned is invented it, it would be the largest fragmentation to date since the mining industry at large won't suddenly cease operations. This PoW system would operate outside the bounds of Bitcoin, Litecoin, and all the other "mono-blockchains" that are inherently exclusive. But Myriad, with its modular, inclusive multi-PoW blockchain, can build a bridge to all the human miners by swapping in their groundbreaking PoW and instantly have the entire world securing the same global blockchain with fair rewards and equal distribution. Multi-PoWs are the next step in converting an Exclusive, Fragmented CryptoLand into an Inclusive, Decentralization CryptoUtopia.
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Rule 1 of #MyriadCoin on Twitter: Do not bicker with the Twitter "whales" and P&Ders. Rather, give them your blessings and wish them luck.
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Guys, heads up and eyes on the prize. We need to continue helping each other out and continue building a great foundation upon which Myriad will thrive. Don't feed the trolls and don't be concerned about the price. These are not orders, rather pieces of advice to maintain a great mindset with Myriad!
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Found some interesting info on Groestl and Skein, so as it definitely is connected with MYR, want to share it with MYR comunity: 1. From another coin's thread ig0tik3d posted some links with info https://bitcointalk.org/index.php?topic=525926.msg6122951#msg6122951Good news for nVidia card owners: we're working on a KILLER groestl, requiring a deeper understanding of the hash algo. When done, everything else will be toast.
This would turn quark, X11, groestl, myriad-groestl into CUDA coins.
open sourcing it would be a problem. Last time we did this (heavycoin) the AMD guys caught up within a few days... Christian
2. About security of Groestl and Skein algorythms: Since I have a feeling you know the Grøstl algo intimately could you speak to its qualities and how it compares to other algos, esp Keecak? I need more basic info on what makes Grøstl great.
Grøstl was one of the 5 SHA3 finalists (Keccak was named the winner and called SHA3). See more details here: http://csrc.nist.gov/groups/ST/hash/sha-3/Round3/index.htmlGrøstl was the slowest of the 5 to implement in software. I would recommend that you quote page 13 of http://nvlpubs.nist.gov/nistpubs/ir/2012/NIST.IR.7896.pdf: For example, the best attacks on BLAKE, Keccak, and SHA-2 can be implemented in practice, whereas the best attacks on Grøstl, JH, and Skein would require huge computational resources to implement, and cannot be fully verified. The most important quality that I would like you to stress in your blog is the speed difference between CPU and GPU implementations. It is minimal across these cryptographic algorithms. <skipped some text> I think that this info is usefull talking about our coin Wow. It's great that 8bit chose Groestl and Skein over Keccak, Sha-2, and BLAKE
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IMO, fork each algo to 10 minute blocks (2 minutes vs 30 seconds average), so the block chain size won't be astronomical and network propagation will actually be able to handle high volume properly.
Hmmm.....I wouldn't necessarily be against this.
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Pools for Myriad:
.......
≈≈≈ QUBIT CPU Miner for Win32 does not work crashes when connecting to pool..test it see That CPU miner won't work. I spent some time last night setting up CPU mining for skein and qubit. Most pools have the wrong software. Even the Myriad first post has the old version of qubit CPU miner. Use this one - https://github.com/elmad/QubitCoin-cpuminer-v.1.2-avx-aes/releases/tag/v1.2bHere is command line - minerd.exe -a qubit -o stratum+tcp://domain.com:1234 -u user.worker -p password Good work
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I'm really digging the discussion here guys (about security paper and PR/media). Let's keep these a priority. We also have another bounty to announce: GUI Miner - Easy Algo Switcher MKRadnUiH2yAxJ8nwKGk95SjtxpA4YZn4XCode a GUI-Miner that allows the user to easily switch between Scrypt, Skein, Groestl, or Qubit "with the click of a button". Even better, include an "auto-switching" mode that passively switches algorithms based on which is most profitable according to http://myriad.theblockexplorer.com/
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Hey guys, I submitted Myriad to coinpayments.net. They accept new coins with public votes, so next time they announce one via Twitter @CoinPaymentsNet please submit your vote! Merchant adoption is the next biggest step if Myriad is going to be considered a serious currency. Thanks!
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Now that the big security update is happening, we need to start looking forward. I think the next best thing for growth is: Android Wallet-->Merchant Adoption
If anyone has any connections with CoinPayments or other online shops (a la AltOutlet), let us know! For Myriad to be a real currency that anyone can mine and use, we need merchant adoption.
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Very interesting coin. I like the idea of multiple algo's. Will even more algo's be added in the future?
I tried the faucet and the transaction fully confirmed in 3 minutes, so it's pretty fast too.
That's something we will always be monitoring. We need to set up a quality voting/community consensus mechanism to add new algorithms.
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Hello guys, great News about the new Security Feature. I made some updates to the Community Bountyboard Today. http://just-wegi.de/myriadbounty/The Donation-Accounts are now linked to the blockexplorer, number of donations is shown, and you can sort for every criteria and use a search function. Next feature is referencing the people who curate the accounts and with it a way to add new bounties for everybody. ETA on the Feature is sometime next Weekend. Wowza! It's officially time to send you the bounty reward for doing this!
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awesome update. appreciate the forward thinking.
now if you could lower the difficulty to where it was 2 weeks ago..?!
You mean...DLower it?
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Myriad: 81% resilient to 51% attacks.
This has a nice little jingle to it, don't ya think?
actually ... if you phrase it like that it's about 158.8% resilient to 51% since 81 is about 158.8% of 51 ) also seems like mike is on top of things, we'll monitor every pool exchange and service in the upcoming week. 51% is a descriptor in my sentence, not a number.
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Myriad: 81% resilient to 51% attacks.
This has a nice little jingle to it, don't ya think?
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I made an mistake yesterday. Was gonna transfer 50k Myr from one adress to another. But i mistakenly copied an Mazacoin adress (poloniex account). Usually the clients will complain that the account isnt valid, but for some reason it accepted it without issues! heres the transaction: http://myr.theblockexplorer.com:2750/address/MPBwccKVcaRpDpN59njzKVWLCSRr6XpsD2So basiclly the transaction didnt get rejected. My wallet is empty... this sucks! Guess those coins are lost forever? or is it possible to use the Mazacoin wallet on an myriad client? (however that depends on poloniex since its their system) The same mistake, but I was experimental, at present, MAZACOIN wallet can be copied to the MYR and use the MYR client, you can also get a MAZA and the same address, I'm updating client, see time deposits can be received in the MYR client, of course it's all depends on the POLONIEX, because the wallet file in them there. And complain about, POLONIEX balances the interface is too crowded, I than you miserable, 260K MYR, is really a tragedy. Have to bump this and give poloniex some cred! As earlier i made a mistake and transfered 50k myr to the mazacoin wallet address by mistake. contacted poloniex which where helpfull getting it fixed. I now have gotten all those lost funds returned to me:) Thanks Poloniex! Wow, awesome! Poloniex gets an A+ from me. Not the sexiest looking trading site but damnit it does the job!
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Are you polling for Myriadcoin? Because this is exactly the type of information that will be valuable for Myriad going forward.
Just add all of them More the merrier. Myriad should make a multipool or something, that mines on most profitable algorithm! Ha! That would be nice
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that's funny two of the coins I mine are currently stuck...
what is the other one? stoopidcoin, launch today still at block 104 since a little while... Well a stoopidcoin being stuck on a block? Naturally.
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