From the official Guldencoin forum: https://community.guldencoin.com/t/belangrijk-guldencoin-100-switching-gears/1126Delta is a success, it functions very well and it causes more stability. Time to look forward. The Guldencoin dev-team is now working on the next update, bringing our codebase to the same level as Bitcoin. This means that we get important bugfixes and new functions like Multi-Sig wallets and Smart Contracts, more on that later.
Within and also without the dev-team the conversation about Guldencoin’s specifications has sparked and in particular the amount of NLG that comes onto the market daily by mining. 18 months ago I thought that a daily volume of 576000 NLG should come on the market. I couldn’t predict the future and if this amount would be the perfect fit or not. You can only see that at a later stage, and that is where we are now.
A lot more knowledge has come on board. We have an incredible dev team that really knows what’s important for Guldencoin. And that is daily use. And that is why there is much talk about the daily amount of NLG coming onto the market. We think that it is too much. And we see that in the value. For me personally value doesn’t say much, but it is important for use. New users and merchants will look at the value. Buying a pizza for 10.000 or 1000 NLG is a big difference.
A lot of thinking has gone into this, but to say it quickly: we want to change the daily volume that comes onto the market. Our maximum of 576000 NLG a day is barely reached now due to multipools. It’s more like 300000 NLG per day now. Our proposal is reducing the daily amount to about 30000 to 50000 NLG.
Daily amount NLG
Officially: 576000
In reality: 300000
After change: 30000 - 50000
Total amount of NLG after 40 years
Officially: max 1700 million
In reality: max 1830 million
After change: max 1260 million
Besides that we want to bring this to market gradually, so people that get into Guldencoin at a later stage can still get a decent amount, opposed to Bitcoin. WaterLooDown will tell you more about this.
This is a huge change that will have both short-term and long-term consequences for Guldencoin. Short-term there will most likely be a price surge, because there is less supply. But the most important thing is a better balance between supply and demand, which in turn will cause more stability. This stability is very important. There are a lot of fantastic projects that would normally cause a healthy increase in value. But because of the tremendous amount of NLG this isn’t the case, and that’s disappointing for everyone. Not because there isn’t a speedy increase in value, but it’s disappointing because a stable increase in value is important for all of these projects.
We want to address new users and that is very hard now by the absense of a steady and healthy growth. It’s time to switch gears.
It’s a very huge change and I’ve only addressed a few aspects of it. Our devs will give you more information and we would like to know what you all think. This is, of course, a change we would only follow through on if the majority is in favor of this change. This plan looks much better for short and long term of guldencoin and new users will never feel they missed out. I don't know what the future holds for bitcoin when rewards keep halving. This is much better plan for stability and banks can't say it won't work because of deflation every 4 years. What new services is Patrick talking about? https://community.guldencoin.com/t/belangrijk-guldencoin-100-switching-gears/1126/4I don't think this plan looks much better, and I doubt it will result in short term price gains either. Messing with total coins and coin emission (repeatedly) just makes devs look like they can't be trusted, imo. Why should anyone think that if demand for 30-50k is weak for a few months emission won't be adjusted again? |
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Yeah, there really is a BS claim but fluffypony and the team are on top of it, with the help of the EFF and lawyers... Just go back a page or two in this thread for discussion. Oic. Seems like BS to me, but good to know it is being looked at seriously... |
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Do I read the graph correctly, that well past the 1 year mark, the premine still accounts for more than 50% of all coins in existence?
Sounds about as shady as some bullshit named zerovert...  |
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A proud team that doesn't disclose the name of any of its members?
Nevermind, clicked through to trestor.org. Still looks like a money grab. Good luck grabbing some money  |
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Yeah its not, its almost as stupid as moneero from urgay, a coin need to be neat and simple, thats why complex blockchain systems like ethereum, ripple and nxt will never take off.
You forgot about MAIDsafe, the most complicated system ever devised that will do everything from route internet traffic to switch traffic lights in the utopic land of cryptopia. Apparently they posted some significant progress update today. |
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Do people want to post their current hardware and hashrate?
tsivs ccminer
750 ti MSI - 250 h/s
750 ti PNY - 280 h/s
What settings are you using? I don't even know if my 750 ti is MSI or PNY or something else, but I think it only kicks out like 225 h/s with latest tsiv miner. |
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Take it for what it is, but I think most make sense. EVEN, or perhaps the most, point number 11. Start over, kick out people not being constructive. 2nd generation HDD mining with a new name but with all the good ideas Burst has.
Kick out people not being constructive? Lol, sounds like a legit(imately) decentralized cryptocurrency to me. Don't like it...you're banned. |
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I do remember seeing some chat about a 5-10% increase in hashrate with a private version of ccminer posted either here or on irc. Probably worth it to give the person that releases that speedup 10% of the bounty, whether that's the author or just someone who paid for it and now just wants to release the binary for extra $$$XMR. I'll solidify my contribution to the bounty at 35 XMR, so a 10% speedup would be worth about 3.50 XMR  |
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okay. As I mentioned, the theory is that some ridiculously optimized miner may exist.
chocolatebar mentioned goalposts for the bounty i proposed. I've never done bounties before, so I have no idea. So I'll just throw something together and we can start hashing it out.
I'm particularly interested in nvidia (so the cuda miner), mainly because the maxwell architecture is very efficient hashes / watt, at least with the last version of tsivs ccminer.
As mentioned in my original post, I proposed the full bounty for a 40.4X factor in hashrate. So, with my 750 ti card, that would be 280 h/s * 40 = 11200 h/s. Yeah. 11.2 kh/s. Man my rig would fly.
...blahblahblah
The 40.4x factor does seem a bit ridiculous and arbitrary. To be honest, I think even a 2x improvement at this point is asking for the near impossible. Maybe the way to structure it would be to have a 2x or 4x improvement take home all the cash, and so then a 10% increase in hash rate would be worth 5 or 10% of the current bounty. Just a suggestion, because I (from a pretty uninformed perspective) really think 40x is asking for well beyond the impossible. |
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https://github.com/bitcoin/bitcoin/commits/masterLatest bitcoin commits only 2 days ago - is it dead? Look at the context. Lots of things have been updated since the last Missive, but from what I hear fluffypony and other devs have just been too busy to put a Missive together and with good reason, they still have to make a living doing other things. Just because there are no formal updates doesn't mean work isn't being done. If you compile the most recent code from https://github.com/monero-project/bitmonero.git you'll find all these new things working: - LMDB works for most systems
- Integrated address protocol with payment ID integrated into XMR address
- viewkey functionality working (watch only wallet)
Also: - Moneroaddress.org offline client side Javascript monero address generator
Thank you for info. I hope Fluffypony will release LMDB Monero soon. Just wish to read Fluffypony's or core devs' posts here more often... Monero's home is http://www.reddit.com/r/Monero & https://forum.getmonero.org/I like the fact this cesspool is being slowly evacuated, permanently I hope. I like Reddit as much as the next neckbeard, and getmonero forum is OK, but I actually enjoy wallowing in the crapulence that is btctalk. |
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…I think its more of the same made up story, and yes I've said long ago that whoever is behind the cryptonote site is part … the cryptonote site is a part of the https://cryptonotefoundation.org/ site. Members of the foundation include Johannes Meier, Maurice Planck, Max Jameson, Brandon Hawking & more. I assume these are public figures. If so are they a part of the scam smooth? They're pseudonyms based on the names of famous scientists. There's no reason to assume they are even separate people, why would you assume they're public figures? |
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CryptoNote whitepaper was out on october 17, 2013, and the first commit to the Github repo was on november 15, 2013. Had the BCN network started in november nobody would be questioning it. By means of a comparison: nakamoto released the btc whitepaper in november 2008, and the network started in january 2009 with the first client, a not-too-disimilar timeframe. Would it stand to reason, by all accounts, that the individuals behind the cryptoNote whitepaper either wrote the initial code and gave it to the bytecoin developer(s) who then ran with this, falsified a blockchain (trivial), and released it publicly in march after blockchain falsification was complete. Just lol.
No no no. That makes way too much sense. Here's what I think happened: a bunch of world-class cryptographers got together and created a digital currency in 2012 with groundbreaking, never-before-seen privacy technology, using funding they collectively saved in a penny jar. And who needs a whitepaper, right? Instead, they elevator-pitched many technically savvy (yet unaffiliated) individuals to mine the coin but not so much as mention its existence anywhere (you know, because miners love worthless coins that nobody knows about). And finally, over a year later, they eventually got around to writing a whitepaper that magically references the future. oh - by-the-by - curious how the cn team dont cry afoul. it is also curious how the cn whitepaper release date is as controversial as the release of BCN. I dont believe the Monerian view of the world adequately captures the subtleties of this crypto-currency. BTW - Do the CN Team (on their official site) not state a whitepaper date? What do they say? Well, it seems like they agree that BCN was launched on 4 July 2012: https://cryptonote.org/news/2014/7/4/july-4th-birthday-of-bytecoin-bcnAnd the original white paper is "dated" 12 Dec 2012: https://cryptonote.org/whitepaper_v1.pdf |
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If reason #3, well... then.... people should really install antivirus software learn how to computer.
I don't think AV software is necessarily very helpful in this case, since the miner is likely installed with the user's permission, either bundled with another program that they just click through too fast (a la utorrent), or installed surreptitiously when another program is installed. This has been a topic of discussion lately in the vertcoin thread, as one pool (ipominer) has apparently had a big botnet mining at it's pool that is a substantial part/majority of the network ( https://bitcointalk.org/index.php?topic=895020.1100 ). The pool in question tries to deny that it's actually a bot net, arguing semantics, since apparently people are installing it just by clicking through the installation options too fast when installing some other program. Anyway, I think there's a few other options that kind of fall somewhere in between option (1) and option (3). Like, if someone works with/owns a large server farm, and their only running it at full blast in off hours, or maybe even a gaming focused internet cafe or something, where they have a bunch of comps equipped with gpus that they can run in off hours. Who knows... With that being said, I pledge about 3.50 XMR to the bounty proposed in this thread  |
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Screaming generally agreed upon facts doesn't qualify as "analysis" in my opinion, and I would take issue with your statement about no one knowing the history of BCN. We do know the public history for last 15 months or whatever: when it was publicly released, they released a white paper with a faked creation date, they released a very slow CPU miner with their public release, etc... who is screaming? And I said nobody here (BCT). Prob should have said "seems to know" as I mentioned to your fellow community member:
If my statements* are obvious to you it flummoxes me how XMR can call out BCN as a scam as though it were the gospel truth. Far too little is known to make definitive comments one way or the other.* NOBODY HERE KNOWS WHAT THE HELL THE HISTORY OF CN OR BCN IS.
NOBODY HERE KNOWS WHO CREATED CN OR BCN.
NOBODY HERE KNOWS SPECIFIC INFO REGARDING DATES OF LAUNCH FOR EITHER CN OR BCN.
NOBODY HERE KNOWS THE EXACT RELATIONSHIP BETWEEN CN AND BCN DEVS.
BOTH CN AND BCN DEVS REMAIN ANONYMOUS.
WHAT WE DO KNOW IS THAT BCN WAS THE FIRST CN COIN. You are screaming. It is common knowledge that using all capital letters in an online setting is generally considered yelling or screaming: With the advent of the Bulletin board system, or BBS, and later the Internet, typing messages in all caps became closely identified with "shouting" or attention-seeking behavior, and is considered very rude. As a result, netiquette generally discourages the use of all caps when posting messages online. While all caps can be used as an alternative to rich-text "bolding" for a single word or phrase, to express emphasis, repeated use of all caps can be considered "shouting" or irritating. Its equivalence to shouting traces back to 1984 and traces back to printed typography usage of all capitals to mean shouting.[6] Such poor netiquette has led to a number of employees being laid off for this particular reason.
https://en.m.wikipedia.org/wiki/All_capsBro, do you even internet? |
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Screaming generally agreed upon facts doesn't qualify as "analysis" in my opinion, and I would take issue with your statement about no one knowing the history of BCN. We do know the public history for last 15 months or whatever: when it was publicly released, they released a white paper with a faked creation date, they released a very slow CPU miner with their public release, etc... |
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A client that runs fine on your local Windows machine may not work so well at an exchange once hundreds or thousands of transactions have passed through its wallet.
Exchanges can't (shouldn't) just run the general use daemon that is distributed for a coin - i.e. the bitcoind clone. It simply isn't designed for handling a large amount of transactions and addresses. See the answer here: http://bitcoin.stackexchange.com/questions/30250/maximum-number-of-transactions-in-wallet-dat-for-bitcoin-coreOnce you get beyond the scaling of Bitcoin Core the only other realistic option is moving into a completely custom wallet system, though this has significant risk and cost involved.I don't think that is a factor in them not trading zeit/btc, since they should already have some kind of custom wallet if they're trading it versus ltc, just putting it out there. |
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What can be inferred from this:
VOLUME(24h) / MARKETCAP
LTC: 0.0407
XPM: 0.0384
BLK: 0.0371
DOGE: 0.0190
PPC: 0.0109
XMR: 0.0059
DASH: 0.0058
NXT: 0.0045
BCN: 0.0007
Interesting how the anon coins are generally lower ratio, and not surprising that BCN is another order of magnitude lower. Is this including scam exchange hitbtc? |
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Just wanted to say that I'm in Burst now. I sold all my viral and bought burst and circ instead.
Please don't let me down, I already lost money on the viral scam.
p.s. gpu mining a wonderful idea.
How is viral a scam? And doesn't look like you could've lost that much looking at the price chart. Every stock/crypto will have it's up and downs.. just have to buy during the down, not the up! Anyway I still don't own any as I tend to stay away from POS but it's one that's always seemed interesting to me and I may buy in at some point. Yeah, I'm with Iron, HDD mining totally beats GPU mining After all GPU mining can't really be made ASIC proof... so if it ever takes off, it loses the feature it was built on. I don't really keep up with it, but how could something founded by bobsurplus and a neonazi spam master NOT be a scam? |
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Ipominer - stop being a pussy. Admit the fact that you are supporting botnets, or do something about it. Don't try to justify your actions by claiming that its anything but. You only show ignorance and stupidity then.
We don't support botnets. But hey, using large fonts and graphics is always a sure sign of solid logic and a well reasoned argument... They don't support botnets, botnets support them  |
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