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41  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 23, 2015, 02:05:23 PM
summary of the missive? I don't want to listen to some people drone on and on unprofessionally about some mundane esoteric mess

I need a succinct outline. don't like surprises.
42  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 23, 2015, 12:53:28 AM
can everyone with buy orders in the .0010 range move your bid orders up a bit higher, I'm trying to form a syndicate bid with a bigger buy wall closer to the International Best Bid Best Offer


I can take out the order at .0017 if someone else fills the order at .00161 , judging conviction before I start filling heavily. I can take out the higher ask because this is still below my cost basis.
43  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 23, 2015, 12:29:57 AM
Sorry to be a wet blanket, but I was looking forward to accumulating CHEAP COINStm until at least halving day in Sept.

I fear the crucial initial distribution will be negatively effected by whales propping up the price.

This seems too early.  Let's wait until the GUI/DB are Done and half the coins are emitted to start marketing/pumping.

Speaking of marketing, I would like to volunteer my sig space to advertise the best XMR links and features (MyMonero, XMR.to, Poloniex, Monero.cc, [ANN], etc).

I just need an ANSI artist to spiff up the graphics...   Smiley

Monero doesn't "halve", every single block has less monero than the previous block.

There is still a point when half the base supply has been created and the block subsidy is half the original value. It's similar in effect to the bitcoin halving in many ways except not being so abrupt.

but these are not events, miners get to price this in along the way every block

Yes of course, it isn't an event. That's what I meant by not being abrupt.

However, if the effect has to do with how much has already been created vs. how much is left or the absolute or even relative (to current supply) amount of subsidy on a block (independent of the previous block or the next block) then it is much the same. So the same, but different.



I updated my previous post, but to now reply to what you just said here, why not a 1/4th emission cut be important, or a 1/5th? there is nothing unique about 1/2
44  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 23, 2015, 12:26:16 AM
Sorry to be a wet blanket, but I was looking forward to accumulating CHEAP COINStm until at least halving day in Sept.

I fear the crucial initial distribution will be negatively effected by whales propping up the price.

This seems too early.  Let's wait until the GUI/DB are Done and half the coins are emitted to start marketing/pumping.

Speaking of marketing, I would like to volunteer my sig space to advertise the best XMR links and features (MyMonero, XMR.to, Poloniex, Monero.cc, [ANN], etc).

I just need an ANSI artist to spiff up the graphics...   Smiley

Monero doesn't "halve", every single block has less monero than the previous block.

There is still a point when half the base supply has been created and the block subsidy is half the original value. It's similar in effect to the bitcoin halving in many ways except not being so abrupt.

but these are not events, miners get to price this in along the way every block


if the antiquated bitcoin-core code didn't have this in it, nobody here would be talking about halvings. This is much more advanced cryptonote protocol and there are no halvings. If this was debuted first, nobody would be talking about halvings

we really never need to make references to bitcoin protocol specific quirks, this doesn't make cryptonote features more relatable. The dev team is holding off on a basic gui until a fully featured point of sale system is created for merchants, this isn't going to be advertised like "like bitcoin but" it is going to just be the Monero network.
45  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 23, 2015, 12:19:16 AM
Fact is, if people get interested in this coin or whatever reason the price is too low. PoW coins are hard to pump because miners are always selling, but that assumes certain minimum price. Right now with only 5K USD per day being mined there just isn't a lot of supply for new buyers, and there won't ever be at this price because the emission continues to drop. I think Risto pointed out on the spec thread or maybe it was IRC that the price fixed the emission (not only the XMR/BTC price but the BTC price too). That can't continue if people want in though.

The high point of XMR emission was $100,000 per day (in June).

The low point of XMR emission was $3,000 per day (last Wednesday).


Yes, the emission was totally too high, but that got fixed. When we recover to the public interest level of last June, the price will be 30x higher than now.

30x you say? WELL THEN I'M BUYING, I would like to thank whoever put up that 37 BTC sell wall, I'm eating it up
46  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 23, 2015, 12:18:19 AM
Sorry to be a wet blanket, but I was looking forward to accumulating CHEAP COINStm until at least halving day in Sept.

I fear the crucial initial distribution will be negatively effected by whales propping up the price.

This seems too early.  Let's wait until the GUI/DB are Done and half the coins are emitted to start marketing/pumping.

Speaking of marketing, I would like to volunteer my sig space to advertise the best XMR links and features (MyMonero, XMR.to, Poloniex, Monero.cc, [ANN], etc).

I just need an ANSI artist to spiff up the graphics...   Smiley

Monero doesn't "halve", every single block has less monero than the previous block.

47  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 22, 2015, 11:22:38 PM
So, let this be the official announcement that the price of monero will now start rising.

but really, why? why is this the official announcement? why can't you guys fill 5 btc of asks on Poloniex?
48  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 22, 2015, 10:59:25 PM
rptelia's 100k is nice, but I am still forming a syndicate bid, PM me if interested
49  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 21, 2015, 08:15:16 PM

All I know is that thanks to BinaryFate, Arnushcky, and a nameless other genius; I can use Monero to pay cam girls without my better-half getting the better of me in divorce court.  Grin

hahaha that's awesome, this has been a huge deterrent for me using bitcoin, the linkability
50  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 21, 2015, 03:28:35 AM
I think I have a few thousand xmr on my monero



thanks for the PMs about the syndicating bid, anybody have any media contacts?
51  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 19, 2015, 03:04:25 AM
Coming from someone that has way more Monero than the 20 btc necessary to drop the order book 50% and keep it there, you guys have no idea what you are talking about.

You guys collectively barely have enough bitcoin to buy Monero at firesale prices if I chose to do that, the auto dumping miners would simply hop in front of the remaining parts of my gigantic sell order at .0005btc and keep this downtrend going, while somebody makes an off hand comment about emission schedule

And lets not forget about the upside, anybody want to form a syndicate and get the price back up with a stabilizing bid? PM me
52  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 02, 2015, 10:00:31 AM
How about a software upgrade where the software client replaces any user generated transaction's mixin parameter with 3, if the user does not enter a mixin or if mixin is less than 3

This will not require a hard fork.


I was looking at simplewallet.cpp but I'm not sure exactly where the code change would be https://github.com/monero-project/bitmonero/blob/master/src/simplewallet/simplewallet.cpp
53  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: February 01, 2015, 04:33:38 AM
and after reading your confidence lie i can only call your coin "morono", i hope you understand the roots of my thoughts: XMR is bagholded, blackpiared and botnet mined.

P.P.S. Every time i will find such a groundless accusations from aside of a liar i will parry the attack, au revoir.

Okay real mature guys

How about all cryptonote devs and backers not act like pre-teens. Our technology is better than any bitcoin fork. There aren't that many cryptonote forks (yet) and we can work together. There really isn't a point in competing as we are already in the lion's den with people wanting an anonymous cryptocurrency but want it to be bitcoin, even though it isn't and can never be.
54  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 30, 2015, 02:43:35 PM
I will coordinate Monero advertisement if we can crowdfund some PR


I would like to do this after the database merge hits production and after there is a mixin hardfork that rejects mixins under 3
55  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 29, 2015, 04:27:30 AM
Again, IRC channel. Just idle in their until you see activity or someone responds.

I do. I've only recently started visiting this thread again more because they don't consistently post missives outside of here on time, I mean, reddit is an afterthought and the title of the IRC channel is as well, they don't consistently talk about the latest database binaries anywhere but here, you wouldn't even have known that there was a consortium of monero research lab people if you didn't come here and follow a clusterfuck bitcointalk thread

56  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 29, 2015, 04:23:59 AM

metadata... an example?


Metadata like OP_RETURN in bitcoin, where assets ownership changes can be associated with a transaction

much like colored coins or counterparty protocols, except on an opaque blockchain
57  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 29, 2015, 03:23:42 AM
what type of infrastructure?

remittances in the physical world, things that add liquidity to the order books

metadata in transactions to add to the utility of Monero itself
58  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 29, 2015, 03:22:30 AM
i'm sure you can have a field day with the github. 

what would take a "day", would take only a few hours, with documentation
59  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 29, 2015, 03:08:06 AM
I am very interested in building out the infrastructure of Monero

documentation is key and cryptonote lacks it
60  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: January 28, 2015, 02:18:44 PM
What is the most ideal hardware for mining Monero? How much does it cost and how many kilohashes does it achieve?


Not worried about making ROI, but optimal electricity : hardware ratio would be good, Monero is too liquid to buy at equivalent amounts (please no OTC offers), just need to do some calculations


Currently running a 6x R9 280x rig but just have a crappy celeron on the board.  Pulling 1000-1075 watts at the wall.  About 3.2KH/s on the hash rate.
Windows 8 - 2x Thermaltake 1200watt PSU's - 8GB RAM - SSD - ASRock H81 BTC Mother Board - Claymore 9.1 for GPU


I also have a gaming machine I run as a miner when I'm not on it. I have an AMD FX8150 8 core CPU and that does about 300H/s with just 6 of 8 threads running. Run Claymore for CPU.
I also have 2 older SLI'ed Nvidia GTX560's that run CCMiner for GPU and they pull about 220-280H/s combined. So I pull and extra 500-550 H/s when this gaming machine is running.  Only pulling about 500 watts with this machine.


I see, that's way too low, all that to maybe get ~100 Monero a month?


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