what services are coming, or features to monero that may increase its usage? the value seems stagnant for long time already
Please stop sigspamming. it was a legit question but since you think it was spam, i'll post this again in one week without the sig, i'm curious about your answer Your 'legit' question makes no sense when the 'stagnant' value has increased 300% in a few months and has regular daily double digit swings. So I'm giving you the benefit of the doubt that you are sigspamming and not merely stupid. Please go away. In case anyone else is interested, here are the design and development goals: http://getmonero.org/design-goals/ |
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Concerning sweep_dust - I transfered those coins to another wallet but had to split in many transactions and most of the 1 XMR said being dust transfered. But total fee was quite big ~ around 5 XMR fee for sending 280 XMR. There were a lot of tiny inputs that's the reason. Today I caught another interesting error. After PC crash (I guess electricity surge) daemon refused to start: 2016-Mar-25 08:59:38.650014 Initializing core...
2016-Mar-25 08:59:38.652014 Loading blockchain from folder C:\ProgramData\bitmonero\lmdb ...
2016-Mar-25 08:59:38.653514 option: fastest
2016-Mar-25 08:59:38.654514 option: async
2016-Mar-25 08:59:38.655014 option: 1000
2016-Mar-25 08:59:38.698525 Error attempting to retrieve a hard fork version at height 1010595 from the db: MDB_NOTFOUND: No matching key/data pair found
2016-Mar-25 08:59:38.700025 ERROR C:/msys64/DISTRIBUTION-BUILD/src/daemon/daemon.cpp:144 Uncaught exception! Error attempting to retrieve a hard fork version at height 1010595 from the db: MDB_NOTFOUND: No matching key/data pair found
2016-Mar-25 08:59:38.702526 Deinitializing rpc server...
2016-Mar-25 08:59:38.703026 Deinitializing p2p...
2016-Mar-25 08:59:38.707527 Deinitializing core...
2016-Mar-25 08:59:38.709528 Closing IO Service.
2016-Mar-25 08:59:38.741036 Deinitializing cryptonote_protocol... I restored and synced from backup made day earlier and now it works. Maybe this info will be somehow useful to the devs. That is a known issue and is being worked on. Thanks for reporting! |
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I'd rather celebrate XMR's victories than cast aspersions on LTC's viability. We don't need to tear BTC/LTC down to raise XMR up. It's not zero sum. The crypto pie is growing so fast that all legit/useful/innovative projects may have a nicely sized slice.
This is where it gets interesting. At some point that pie will stop growing so fast. And by pie I don't necessarily mean market cap (as that at least did a long-pause if not a stop in 2013) but applications, use cases, and district community approaches to it. And at that point we will reach a consolidation phase, and then I think there will be actual coin failures (failures not necessarily in a technical sense, but economically and socially people will just abandon coins that don't make the cut). Consolidation (ie culling the weak from the herd) started years ago and never stopped. RIP Tenebrix, IXcoin, Paycoin, and Neucoin. All basically stillborn or pan flashers that were never in the top or at least not for much time. Old leaders fail too. Think Pan Am, Hostess, Sears. Those weren't even tech, where you might consider innovation and disruption. There you have Blackberry, Atari, Wang, AOL, and countless others. The crypto pie will grow astronomically faster In that case it won't happen for a while, but it will still happen. |
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Litecoin as "blue-chip" coin. lol, #timestamp
... Theory is nice, but when the theory doesn't match reality, adjust the theory. ... Or make a wager with people who have different theories. I believe I offered such a bet to Smoothie a while back, when LTC was trading >0.01BTC if memory serves. And FWIW - I consider the crypto-markets to be extremely immature, to the point where it's still very difficult to discern signal from noise looking over the entire history to date. Thus I'm certainly not abandoning theory at this point. Feel free to quote this in >5 years if Litecoin as a "blue chip" isn't obviously ridiculous by then. On a related note, it's been a theory of mine (and many others') for years that Bitcoin would remain strong in the face of alt-coin competition due in part to the idea that Bitcoin could and would adopt good innovations from the alt-space. But this is a theory that I'm listening to the conflicting data on, and am not so sure about any more, as Core dev and their narrow-minded high-hashrate supporters show that perhaps Bitcoin really isn't as strong and anti-fragile as I'd believed. From my perspective, Bitcoin has remained strong, even considering recent events. There has just been room for other coins to thrive as well. Pretty much what iCEBREAKER said about the crypto pie growing rapidly, where one slice becoming bigger does not make another slice smaller. If your theory was that Bitcoin was just going to streamroller over all other communities and simply assimilate all innovation and market development, well that theory does need some reexamination (and LTC is very much valid evidence for this not happening, among others of course), at least so far. |
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on my wallet i tried sweep_dust and transfer 100xmr all failed.
There is a known issue with sweep_dust sometimes not working. That is being addressed in a future update. As far as the other, we're taking a look at your log file, but GingerAle's suggestion about going on IRC is a good one. Sometimes it is best to be able to ask questions and try things in real time. |
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Until a company like SABR.io posts a detailed mega-file of hundreds of darknet user's recent activities as proof of concept. Using a public ledger for a DNM is about one of the most absurd things ever when a vastly superior alternative exists.
This is indeed strange and unreasonable. They simply dont adopt. Why?! Chicken and egg to some extent. Monero is small and relatively unknown for another. Okay, its pumped a bit, and is now a reasonably solid #8 by market cap (not the only ranking of course). That means there are 7 ranked higher. A few months ago it was #15 or something, so even more obscure. Finally there are tech issues that have been resolved only recently or are still being resolved. For example the whole payment ID concept was a royal pain the ass for integration. It is handled now by integrated addresses, but that is recent. Still, there needs to be more work on the APIs for integration. Likewise, until recently you needed gigabytes of memory to run the wallet. That puts off anyone running on a cheap VPS (often limited by memory more than anything else). The command line wallet puts some people off on the user side. GUI's exist, but they are third party and not integrated. None of it is easy -- you have to be quite motivated to overcome the barriers. We have to reduce them. It is happening, but as a process, not an event. |
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Litecoin as "blue-chip" coin. lol, #timestamp
It has been a "top-few" coin for half of Bitcoin's lifetime. How can you be much more blue chip than that? Theory is nice, but when the theory doesn't match reality, adjust the theory. That's not to say it is forever necessarily. Blue chips aren't either. |
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status
Height: 1010798/1010798 (100.0%) on mainnet, not mining, net hash 11.97 MH/s, v2, up to date, 5+22 connections
2016-Mar-25 10:09:10.190833 [P2P2][80.251.137.218:34728 INC]Sync data returned unknown top block: 1010798 -> 1009932 [866 blocks (0 days) ahead]
SYNCHRONIZATION started
2016-Mar-25 10:09:16.911951 [P2P2][212.36.13.6:64954 INC]Sync data returned unknown top block: 1010798 -> 1009932 [866 blocks (0 days) ahead]
SYNCHRONIZATION started
i have synced with the network, but there must be something wrong.
when i transfer my coins got this error
Error: transaction <365b9fc57722ce1b5cf5bbbc0a43a58995513d7adcf054ddc5da00115fa27b1a> was rejected by daemon with status: Failed
2016-Mar-25 10:11:15.687045 [RPC1][on_send_raw_tx]: Failed to process tx
What is shown in your bitmonerod.log file? |
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Ridiculing scams like Dash is great fun and a public service, but I speculate we don't need to write obituaries for legitimate pure-proof-of-work blue-chip coins in order to promote our own.
I don't think he's promoting XMR by expressing skepticism about LTC. I felt the same way about LTC, for much the same reasons, before XMR existed, and he probably did too. Obviously I was wrong back then, in the sense that LTC is still here. OK, so what have you learned from being spectacularly wrong about LTC for so many years? I would actually generalize a bit. Essentially no coins that existed then and were in the top ten two years ago are completely dead (going farther back it gets a bit different, as at one point there were only 10 alts and not all of them are still viable). LTC has dropped a few slots. Others like Nxt, Namecoin, and Bitshares have dropped more. But these systems are nothing if not resilient, even in a fiercely competitive market. I'd rather celebrate XMR's victories than cast aspersions on LTC's viability. We don't need to tear BTC/LTC down to raise XMR up. It's not zero sum. The crypto pie is growing so fast that all legit/useful/innovative projects may have a nicely sized slice.
This is where it gets interesting. At some point that pie will stop growing so fast. And by pie I don't necessarily mean market cap (as that at least did a long-pause if not a stop in 2013) but applications, use cases, and district community approaches to it. And at that point we will reach a consolidation phase, and then I think there will be actual coin failures (failures not necessarily in a technical sense, but economically and socially people will just abandon coins that don't make the cut). |
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3. Minimum mixin requirement on all transactions (with some special exceptions for existing "dust")
4. No new "dust" allowed.
Where can I find the definition of "dust"? Mostly in the code. The idea is anything not conforming to N * 10^M where N is 1-9 and M is an integer. Since these values are limited in number within the range of plausible amounts (a total of 181 are currently possible but some of these are implausible) there will always be available outputs of the same size to mix with, in turn allowing mixing to be required. Unfortunately there were a few edge cases not handled correctly and some new dust will be created in some cases, but the amount will be vastly reduced. This will need to be cleaned up in the next fork. The other definition, of amounts that are simply "small" (such as 10^-12) we are allowing to be handled on an economic level for now. For example, miners are allowed to claim less than the full reward if they like, which means they can exclude the very small outputs. This makes their coinbase transaction smaller, which means it will verify and propagate faster (and of course leaves more room for fee-paying transactions). By default this is cutoff at 10^-5 but that is not forced, if miners disagree with that value they can change it. |
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About 2 years ago I didn't know much, but I was interested in Monero so I forced myself to learn how to use the command line wallet. It was fun to learn how things worked on a deeper level so I started learning how to code when I had the time.
Fast-forward to now and I will be starting a new job as a developer next Monday. I still have a lot to learn, but now someone will actually be paying me to write code for them. HAHA! Thanks Monero!
Fantastic story, and congrats on the new job! |
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I have accepted a suggestion to close the OTC thread as there are now three exchanges for the coin. I hope it was helpful in getting the coin off the ground and thanks to everyone who used my escrow service. I enjoy running these these threads so if you come across any other coins that could use smooth OTC trading, please PM me.
Thanks all!
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Ridiculing scams like Dash is great fun and a public service, but I speculate we don't need to write obituaries for legitimate pure-proof-of-work blue-chip coins in order to promote our own.
I don't think he's promoting XMR by expressing skepticism about LTC. I felt the same way about LTC, for much the same reasons, before XMR existed, and he probably did too. Obviously I was wrong back then, in the sense that LTC is still here. |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions. Understood, but the question remains. What is the point of offering free loans? Some may make a case for cheap loans. But that is ridiculous. If you are leaving your coins on there long term (not saying that is a good idea -- it isn't -- but many people do so anyway), you might as well, at least if you don't consider the risk of default to be significant. |
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XMR loan offered at 0.0051%. Clearly somebody doesn't understand. I get more than that on my bank account LOL
Sometimes those are auto renew. May have been set up a while back when the rates were much lower, and left unattended. Every time it is paid back it will continue to be offered again at the same low rate regardless of market conditions. |
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Next up: 0.01.
You beat me to it! Honestly, that seems to be an important level and once we cross it, the big holders will do everything in their power to keep it above that. Not to mention just organic growth and a greatly reducing emission curve. As I've noted a bunch, I think Monero's realistic "moon" target in the medium-term is Litecoin's market-cap. I think getting beyond that will require the existence of a robust Monero transactional economy, which will take time (if it ever happens). But Litecoin sticking it out at ~$150m shows that a low nine-figure market-cap can indeed be sustained on hopes and dreams with no real economy behind it. And in Litecoin's case, on "me too" tech that offers nothing to the ecosystem....though I think - finally, mercifully - LTC's days as a top-5 (top-10?) coin are coming to an end. Good analysis. On the other hand, Ethereum is all hopes and dreams too at this point. Just more of them. |
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what services are coming, or features to monero that may increase its usage? the value seems stagnant for long time already
Please stop sigspamming. |
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I must have screwed up something  Gonna live with dust forever. I don't think so. Looks like an issue in the code. We'll look into it. |
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smooth -- have you tried?
It's not so simple or so easy as you say.
I've done thousands of trades using bots on finex, etc. This is going back a couple of years.
I hired a professional accountant, who billed himself as conversant in bitcoin, and couldn't do my taxes even with his help.
Yes I've done exactly what I wrote. Download/export the logs, and process with a program or spreadsheet into realized gains/losses. In some cases you might not be able to do this (exchange out of business, etc.), so you do the best you can with the information available. It's not a matter of what you started out with and how much you ended up with.
Agree. btw, in the case of xmr/btc trading, there are no realized gains until you convert to USD, right? You really need to consult with an expert or research it yourself and come to a conclusion you are comfortable with. This post (link below) suggests that there may not be, assuming you satisfy all the requirements. I'm sure there are others who disagree and different traders, especially in different countries, will likely have different rules. Link: https://www.tyracpa.com/like-kind-exchange-treatment-crypto-currencies/ |
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