I missed the party. Any retrospective thoughts on what caused the start of this rally?
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Bitcoin compatibility is probably the biggest issue with adoption on all these coins.
This is likely to be the case. CryptoNote was designed to be different from Bitcoin; even its whitepaper is written as opposed to Bitcoin architecture. Therefore, the API is incompatible. This would not be a drawback in case of higher demand/hype, but in reality this may hinder CryptoNote much more than blockchain bloating.
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Anyone here know, or can guess when 0.9 will be released?
My guess is some time in 2016. When it is ready it will be released. Would you rush Picasso to finish a painting if he were alive today? A beautiful comparison but largely off-track. It's software with a specific roadmap.
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Your figures are wrong1) Does AEON really exist for 38 days? The blockchain shouldn't be even close to 1GB then. AEON was launched 1.5 years ago, AFAIK. Did they relaunch the blockchain? 2) Bitcoin blockchain is twice more than 20GBs as of now: https://blockchain.info/charts/blocks-size3) Also, CryptoNote wallet file is indeed 20-something megabytes, not more (for ordinary wallets). Bloating problem is likely irrelevantI honestly never saw a problem with the blockchain size for CryptoNotes. Each tx is 2-3 times larger than in Bitcoin ( as discussed by CryptoNote devs). It is a linear function, so there's absolutely nothing wrong with CryptoNote blockchain. It is slightly bigger, but still not that much. Bytecon, which has the longest and possibly the largest blockchain from all CryptoNotes is currently 6GB when fully indexed. Eventually, there will be full and light nodes just like in Bitcoin. Infrastructure will be sorted out by the evolution. So you are either ignorant or fuding.
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Due to the inclusion of Micro-Donations the GUI wallet is scheduled to be released on January.
What's your approach on that? Are you going to reproduce Bytecoin's wallet?
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I'm also not sure why you used the example of BitReserve, which is called Uphold now. Isn't it about transmission rather than either speculation or value storage?
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This thread is so much cyclical you can read whichever page you want to get the full scope of this discussion.
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Devs de you have some news about the project? and what do you think about create a site like just-dice for create demand of the coin?
Yep, for instance, MoneroDice has a large number of wages daily. I'm not sure it creates demand for the coin itself, but in any case this can be a good way to give at least some use cases.
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This list in the OP is the exact reason cryptocurrencies are currently going nowhere. If we define success as some case of mass adoption (in consumer or industrial markets), then we have to think about market applicability. The car doesn't need an extra wheel unless there's a demand for one in some segments. Similarly, focusing on purely technology features in cryptocurrencies is misguiding us. Crypto is a product, first of all.
So in order to be successful in 5 years time, a cc should have market focus as well as knowledge of its segments and potential users. Otherwise, it is still but a technological sandbox or a decentralized R&D center if you wish.
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this shit will go to 1 satoshi soon
Oh rly then I guess I would only need to spend less than 1 BTC to buy up the entire supply.. ..  Like 5 times.
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Is alt mania still a thing? It's been two years since the mania was at its peak and nothing's shaped up to break out of the confines of this forum with the possible exception of Ethereum. If an alt emerges that truly kicks butt I think it'll come from a place far away from here.
Obviously, it's not the common wisdom of Altcoin discussion here on BCT. Troll wars among people not willing to admit the general fail of altcoins as an incubator for the next Bitcoin. Shall we wait a couple more years?
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IMO this needs to be done under a solid vision. Is there anyone who can take the lead and effectively fork the rep and/or the site?
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Awesome question by Nxtblg. Watching this topic.
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On the contrary, I think, in some countries a lot of PC are starting to mine in working hours (you know, clever sysadmins install miners on office PCs etc.).
I don't see any reason for the mining to be stopped at nights? Also, the pattern on ChainRadar suggessts that there's a drop around 8-10 am (UTC+0). If we are talking about the office nights, then the timezone of these offices should be somewhere in the West of the NA (or East of SA). That's pure guessing of course.
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Not sure about any of the numbers above, but 32.9 mHash/s (assuming the m stands for M) is higher than the total net hash (last I looked, 11 MH/s, might have moved now)...
Speaking of that, I always wondered whether CryptoNote coins hashrate is any accurate. Monero's one jumps up and down from 7 mHash/s to 15 mHash/s within 24 hours (based on ChainRadar). Obviously, hashrate is calculated as difficulty / block_time. And difficulty here is the number of hashes roughly required to find the last block. Isn't it better to evaluate CN hashrates not with this simple formula, but rather include a series based calculation? Difficulty is calculated over a window of 720 blocks, so that already takes into account some period of time (12 hours). In reality it seems that the hash rate really does fluctuate a lot, even if the estimate is necessarily imperfect. This probably has something to do with time-of-day as it always seems to have been synchronized to a 24 hour cycle even on coins with slightly different parameters. Maybe computers that are idle at night in some geographic area and being used to mine, lower off-peak power costs, etc. I don't think it is possible to really know for sure. I know about 720-block window. And it should also cut outliers, in theory. Maybe 720 blocks is not enough? It indeed looks like there's 24 hour cycle, but I don't believe that it's due to certain PCs being idle (well, unless botnets again?). It can't constitute 50% of the network? And how does one even assess mining profitability if it fluctuates by the factor of two on a daily basis?
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It will have nothing to do with the price, but it may increase new users conversion. That seems inconsistent. If something increases new users conversion then it should lead to more demand which would also affect the price, unless the former effect is absolutely insignificant in magnitude (and then why bother?). I implied that the release of the official GUI won't affect price per se (there might be a short term spike), but it will create the opportunity for more users to board in a given time period. I assume that these people won't buy a significant amount of Monero, but their existence will capitalize over time and may help an additional upward trend emerge over time. I agree with 1,2,3,4,5. Can you make a new website? Or maybe lay out some slides of how it should look? And then maybe someone could hack it together with the github thing. All I can do on the github is text, and throwing some images in there.
First of all, I'm not sure there's urgency in site redesign. It should be done for sure before the official GUI is released. Maybe the faster the better, but it's related to the first question I asked in my list. Monero community (or dev team, IDK) has to agree upon user acquisition and growth strategy. Who is the most lucrative visitor for the website? Who's likely to get convinced by what Monero has to offer today and who can be convinced by it's short- and long-term plans? Which audience is naturally more prone to join Monero community? Is it a tech savvy, an alternative financier/trader, a more general cryptocurrency user, somewhat broader hipster audience? And what is the most desirable action? Get this user to download software? Make him join the discussion here? Let him get his first XMR easily? It's important to get at least a form of vision on these questions (public discussion maybe?), as they shape the site and the message it states. In any case, I believe there's still time before LMDB hits the official release. It will be a great usability/accessibility improvement apart from official GUI. Any estimates on that, btw?
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Not sure about any of the numbers above, but 32.9 mHash/s (assuming the m stands for M) is higher than the total net hash (last I looked, 11 MH/s, might have moved now)...
Speaking of that, I always wondered whether CryptoNote coins hashrate is any accurate. Monero's one jumps up and down from 7 mHash/s to 15 mHash/s within 24 hours (based on ChainRadar). Obviously, hashrate is calculated as difficulty / block_time. And difficulty here is the number of hashes roughly required to find the last block. Isn't it better to evaluate CN hashrates not with this simple formula, but rather include a series based calculation?
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@Rias, I am curious, how would you improve the website? I think it is fairly OK at the moment.
Well, fairly OK is not the best for conversion funnel. I was talking about broader public and from that perspective it's easier to say what is not worth improving. Just a couple of thoughts from the top of the head: 1. Who is actually the target audience? What people the site should pursue and convince to download the software? As of now it seems that the site is targeted at those who already know about Monero. Too geeky for a layman, too feature-focused for not-sophisticated bitcoiners. It doesn't represent benefits for the user, it focuses on how the tech works inside. Currently the site is a project for those who know about Monero/CryptoNote. It assumes an average user to know what he's doing there. In reality, an average user doesn't know and doesn't wish to try to get to know. I'd say it's better to identify those who might be visiting the site (where are the adjacent market niches?) and try convincing them with their language. 2. The whole Getting Started section is inadequate. Lots of reading, pure text. No screenshots for GUI Wallet (well, why not, I might want to see what I'm about to download), no descriptions. This one should be very descriptive and intuitive. Show me what I'm dealing with, convince me of the benefits, lead me towards target action (download?). 3. A number of text-only pages. People hate reading. Structure, visualize, simplify. It's too easy to lose a visitor because of making him read. What's more, it's quite complicated to navigate across the site if I don't know anything and would like to start somewhere. There's no easy point of entrance. 4. Lots of stuff and tech slang nobody knows or cares about. Design & development goals look nice, but can I have a taste of what it actually implies to me as a user? 5. Blog/News/Diaries are outdated. "Is this project abandoned?" 6. And actually, pretty much every page looks amateurish. It might be ok depending on the target auditnce, but in general it may send polar messages to users. A more polished style could help I guess. 7. Finally, https://getmonero.org/ is just lol (select language, choose wisely!). Come on, index page is crucial. 8. And yeah, SEO.
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1. Random donations - a percent of the sum depending on the available outputs. The user will be able to select the approximate desired amount for donation: from 0.1% to 10%. If there is a change input close enough to the target, it will be used as a donation.
2. Donation mining - the user who is mining in pools from the GUI Wallet will be be able to specify donation address and percentage of donation mining shares (0-100%) that will be contributed for any donation.
It reminds me of Bytecoin's donations in their GUI Wallet, but they are closed source. Are you going to replicate this features? Also, is there a GUI Wallet with mining on Forknote?
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