We only have to get to the point where machines are better than humans at improving the design of machines. That's when the trend takes off like a rocket. Like a chart of bitcoin in 2017. All bets are off when that day comes.

I love this idea! And I love that we now have a public stance from the dev team on their position on modifying the proof of work algorithm. I called for this some time ago, I have no idea if that had any impact on this being written, I doubt it, either way I am very pleased to see it.

It will be interesting to see if the hash rate crashes after the first change thus providing compelling evidence that there is currently asic mining of monero. Personally I doubt it but I will be watching intently regardless.

Oh no I was talking about that kinda crypto debit card. Not buying crypto using a debit card.

It would be nice if the client could tell you the optimal fee to pay for a desired outcome based on recent data. Like:

1) 90% chance on next block 97% chance on second block 99% chance on third = 0.01xmr fee
2) 80% chance on next block 90% chance on second block 97% chance on third = 0.005xmr fee
3) 70% chance on next block 85% chance on second block 94% chance on third = 0.002xmr fee

Or maybe like this:

1) 1 block till >99% chance, <1% chance of never getting included = 0.01xmr fee
2) 3 blocks till 99% chance, 2 blocks till 80% chance, 1 blocks till 50% chance, <1% chance of never getting included = 0.005xmr fee
3) 8 blocks till 99% chance, 4 blocks till 80% chance, 2 blocks till 50% chance, 5% chance of never getting included = 0.002xmr fee

Just a few relevant useful datapoints for potential expectations. Of course this would be based on what would have gotten you included in the last few blocks and projecting that into the future and we all know past performance isn't necessarily an indicator of future success but none the less it could get pretty close most of the time I think.

Does anyone know how feasible that is? If there are any particular challenges to implementing something like that?

Or maybe I'm just wondering why the client is currently so wildly off in its recommendation if transactions are really clearing for 75 cents next block?

Double your odds by asking Jehovah too while you are at it.

Sorry, I normally wouldn't, but it just popped in my head and it was too clever not to say.

There were cards out there that lent people crypto currency when they used them that people then had to pay back at the end of the month? Or did it work differently? What is the difference between a crypto credit card and a crypto debit card?

Interesting observation. Altcoins do well against bitcoin when bitcoin trades sideways but tend to stick with it on the upside and downside. I need to look at some historical data to see how true this is. Interested if other people think they have observed this.

I communicated poorly. It's not really that that I hate. It's that shitcoins get boosted up when bitcoin goes up and quality projects go down when bitcoin goes down. Bitcoin going up shouldn't make your worthless garbage product more valuable. It's completely unrelated. It should be completely unrelated anyway. I feel like peoples obsession with bitcoin is subsidizing garbage. They treat the entire sector like its one homogeneous blob and not tons of very different projects that should be evaluated individually on their individual merits. If people would evaluate each project individually it would reward the better ones more and punish the bad ones more and the whole sector would improve more and faster. It would be healthy for the sector. I hope that makes more sense.

You know how people like to talk about zombie banks and zombie corporations. People treating this sector like one homogeneous blob is creating zombie currencies.

I thought visa stopped processing crypto currency related debit cards? I'm 99% sure I read that somewhere.

I don't know if this is directly enough for you but you could use the android app monerujo which allows you to send directly to bitcoin addresses to buy gift cards on the gyft app. You can even buy amazon gift cards on gyft which can provide you with a great many of your daily needs.

I bought monero because I liked monero. Unfortunately it refuses to do anything other than follow bitcoin around everywhere it goes like some sort of lost puppy. It's stupid and annoying but it is what it is. So anyway, the point being, it looks like its going to depend a lot on what bitcoin does. It might outperform bitcoin. We can hope it does of course. There are good reasons to expect that it will. But it doesn't look like its going to climb in value unless bitcoin does also. So you want to figure out how well monero is going to do in 2018? First figure out what you think bitcoin is going to do.

I almost wish bitcoin would die, even though the price of everything in the sector would crash, just so that everything could break free and we could have a dynamic and competitive market with internal relative price discovery. You know, so that the good projects  could actually be separated from the bad. So that the crypto sector could improve based on bad projects dying and good ones absorbing their capital. Instead we have an entire sector that moves togather in one direction or the other irrespective of whether the individual projects are actually garbage.

Frustrating.

It's actually a complement towards Monero on their part. They reckon that Monero is just that bad ass that it will survive the heat death of the universe.

I think hes talking about how I'm going to FLIP OUT if this shit coin monerov actually gets real traction.
No I'm kidding. I have no idea what hes talking about either.


First of all a dag by definition isn't a blockchain. But more importantly what is this other privacy cryptocurrency? I know of none that competes with monero. You show me something with strong privacy on a DAG and i'll be spending this afternoon reading (and probably laughing at) another white paper.


It is sort of funny on the surface. I know they are minting themselves 10% of the currency supply, but counting that as a separate issue, if you think about it all they are doing is moving the decimal place. It doesn't actually fundamentally change anything except the resolution at which the market capitalization of the network is divided.

If you will allow me to make an analogy; It's like they are taking a volume knob on a stereo that goes from 1 to 10 and using a magic marker to carefully add a zero to the end of each number so that it starts at 10 and goes to 100 and you are saying "I wouldn't do that if I were you, you might damage the speakers."

Insert obligatory these go to 11


Oh hey guys! You know we have been waiting for the troll indicator. These monerov guys are the best trolls we have had yet. They alone might be bringing the troll indicator to 11.

No but I did correctly assume.

You know I said the following earlier.


Turns out we found their gripe. It appears the problem is that the dev team wouldn't give them 10% of the currency supply! No but seriously... I know that feeling. I have that same problem!

Ok I'm a couple of paragraphs into this MoneroV-Roadmap and I can say with certainty this is complete fud.

Please continue. Lets hear about all these drawbacks.


Bullshit. The tail emission is useful. It's a great feature. It means that there will always be a reward for miners and if you look at the amount that is being produced it will never create significant inflation and so never negatively impact users except to the extent which they are paying for the necessary service of securing the blockchain.


This is wrong on multiple levels. It's like an onion. It has layers of wrong. First of all the decision making is not centralized. Has anyone ever submitted a useful pull request and had it denied by some sort of monero overlord? Second if monero were centralized that would ASSIST in the smooth implementation of new features. One could argue that it wouldn't be worth the cost but it would help new features be implemented more easily. And finally, monero has no problem implementing new features. Our dev team implements new features all the time.


This problem is hard. Lets see you guys go solve it so easly. You say you are going to. Well I'll believe it when I see it. And you have to do it without breaking any of the existing core features. That means RingCT must remain intact. Better get to work.


First of all, who the hell cares where hashing power comes from? Who are you to judge that a botnet isn't "a genuine miner". What they are doing may be unethical but it doesn't make their hashrate contribution not genuine. And how are you going to solve this anyway? It is a natural outgrowth of the fact that one of moneros useful and good features is that cpu's are competitive with gpu's and it is ASIC resistant.


Oh yea let me tell you. It's such a problem that no one premined monero. That's just what we need. Some brave soul to fix that problem for us.


Oh someone is going to fall on that sword for us! Chivalry isn't dead.


Right because the Austrians dont support a gold standard or anything, and gold doesn't have, oh lets see, a tail emission. GTFO.


That's it guys. I think I'm going to lose my lunch if I go any further. This is far enough.

Running to my mommy or daddy for help, that is an amusing thought.  


What is their gripe with the current leadership? What pull request were they unable to get merged? These are real questions, I am actually asking, but if the answer is none and none (as I suspect) than you can pretty much be guaranteed that it's a scam. Or if not a scam than something leaning in that direction. Opportunists if you will. Either way I'll be happy to sell this fork and load up on a few extra moneroj.


My understanding is that mimblewimble is fundamentally incompatible with RingCT. This merits further investigation at least.

ALL of your money? Wow what a legend. If I had been willing to do that over the years I would be eating caviar on my yacht right now. I justify my unwillingness to do so by saying "yea but if I had that temperament I would probably lose it all at some point in the future" but who knows really. Either way good luck! If I was going to dump all of my money into something monero would be my choice also.

That's odd. I've been here since 2010. I've seen soo many cryptocurrency bubbles burst over that time and it never took 2 years to start recovering. I mean sure maybe this time it's different. Of course it COULD be different this time. But you say this like its an established pattern.

*edit* looks like it took almost 2 years starting in 2014

Nothing makes normies freak out quite so much as when they finally realize that what you mean by 'we' is yourself and your fellow members of the white race. So I try to save it for that.

Someone was asking who all this mysterious hashing power is. Here is an article saying that it's north korea

https://news.sky.com/story/north-korean-hackers-mining-cryptocurrency-monero-11192924