The MEW voted against an emission change: https://bitcointalk.org/index.php?topic=583449.msg9926958#msg9926958Even though the MEW votes are non-binding for the core team, you may appreciate that so far, votes are unanimously against changing the emission curve.
The total number of voices in MEW is presently 7627
A total of 4070 voices have already been given to option 1 - no change. This is 53% of possible voices, so even in the highly unlikely case that all remaining voices went to option #2, option #1 would stll be selected because it already have absolute majority. The vote is still ongoing, since I wrote that it closes on the 31st of December, but this is mostly symbolic.
So, this is official: MEW asks for the emission curve not to be changed.
And since the core team already thinks the same way, I can safely announce that:
Monero emission curve will not change.
MEW locuta, quaestio soluta
EDIT: I would like to add that currently no one has voted in favour of an emission change. All the members that voted, voted in favour of keeping the current emission. |
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2015 price target 2-3 usd/xmr with minirallies to 6-7$ (0.003-0.005 vs 600 btc/$)
2016 price target 5-15 usd/xmr (0.005-0.015 vs 1000 btc/$)
2017 price target 35-65 usd/xmr (0.015-0.025 vs 2500 btc/$)
2018 price target 125-375 usd/xmr (0.025-0.075 vs 5000 btc/$
2019 price target 750-1000 usd/xmr (0.075-0.1 vs 10000 btc/$)
2020 price target 0 successful government crackdown using a supersecret quantum computer obfuscating ring sigs.
Because 2014 is almost over, let's do some wild predictions  OK Here is me gone wild - same thing I suggested for a POC coin: DEVS will start a crowd funding project on Max Keiser's http://startjoin.com to get some much needed development cash and then one or more of the team will be interviewed by Max on his RT.com show: The Keiser Report. Then Monero to the moon. This is actually a good idea! So there are rumours of CKG going to an exchange in the future. Pretty sure it would have a frenzy effect on XMR too if it happens.
What is CKG? Crypto Kingdom Gold. Crypto Kingdom is a game that uses XMR as its base currency. More info can be found here: https://bitcointalk.org/index.php?topic=819073.0 |
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I just fulfilled my dream to reach a specific percentage of the current bitcoin supply, it took me just a little more than a year.  My next goal is to accumulate 0,1% of the current monero supply. For that, i will buy daily for 12$(that is everything i can afford  ). It's not much, and all you whales will make fun of me, but it adds up over time and I still really like the coin and the people who are involved in it. (and obviously the conversations in this topic) Overall I think the current price is a great long term opportunity. Especially if you keep in mind the slowing inflation, the future development milestones and the need for anonymity. I think they won't make fun of you, people like you are just the people we need. |
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As a coder, I consider this amateurish at the very least. Just reading the OP makes my heart bleed.
Please give some proper arguments when making such a statement. |
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been away from XMR for a couple months. holy cow re price.
Still it may not be the optimal entry point as the emission is still relatively high. Currently. 12.5 XMR/min => 18000 XMR/day at 0.001 BTC/XMR => 18 BTC/day compare that with f.e. litecoin: 50 LTC/2.5 min => 28800 LTC/day at 0.0087 BTC/LTC => 250 BTC/day what we need is adoption, when adoption comes, the current XMR exchange rate is just ridiculously low. What adoption does LTC have? As far as I can tell every coin except bitcoin is 100% speculation and bitcoin is ~99% speculation. The big plus that LTC has over monero is that it can be bought at a variety of exchanges, while the only real reliable and liquid exchange for XMR is poloniex. On top of that, many early btc adopters have a big stake in LTC seeing it as the silver to gold. Despite that, I think we will see a shift to coins that actually bring something new to the table (like XMR). |
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My compliments on making this for Monero! This is one of the things we need for increasing adoption.
EDIT: It would be nice if we could get some volume graphs as well, I hope that's possible. Although I supsect the current volume isn't that high, some graphs could show if there is growth.
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Nothing user-wise, but companies/websites (e.g. betting sites) strongly prefer a GUI with an API to easily track and automate transactions. @TrueCryptonaire, inflation will be drasticly lower at the end of 2015, we won't have to wait 2 years for that. I agree that BTC38 would be a huge win. |
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My overall approach has been to short u.s. equities, rolling gains into xmr via btc. The short gains part is now locked in. It looks like a very good time to roll. I have abandoned hope of 00085.
I honestly do not know if we will see 0.00085 or not. What I do know is that I would not want to get caught short XMR in this market. This can get really ugly really fast. I think some of the downtrend is caused by people selling in order the buy back lower (IIRC, you also stated this before). If we get a clear uptrend we could shoot up fast due to people that have to buy back that were hoping to buy back lower. |
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Someone on finex is pushing down their 60 btc ask orders hard..
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Thanks for the links, was the infaltion idea of charts B in the graphs in the above link chosen. Or has it yet to still be decided. Nothing was decided yet for the "tail emission". Should be in the next few months. I would like to add that the current emission isn't changed. So charts of A are still valid. |
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I prefer the chart of localbitcoins:  |
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Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010. We have an existence proof now. "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate. Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.
These plateaus usually break down by the time they are a week old. If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.
I personally think most of the downtrend is caused by this, people selling in order to buy back lower. Breaking 0.0010 would be horrible, so I hope we won't touch your target. |
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I'm sure this info is somewhere but I couldn't easily find it. When is the first block reward reduction for Monero and how much will it reduce by. I'm guessing at the end of Q2 next year but I'm not sure how big the reduction will be. I know that ~84% of all XMR will be hashed within four years or probably within three and half years from now.
There's no halving, like in traditional bitcoin and clones, but a constant exponential decrease in the block reward; there's a new, typically lower, reward every block. Indeed jwinterm, below I will post some additional info on the emission schedule. Emission schedule / daily number of coins in numbers can be found here: https://bitcointalk.org/index.php?topic=702140.msg8106443#msg8106443Additional graphs here: https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538Comment by smooth on the emission curve: Keep in mind the chart shows, I think, the highest possible numbers. The effect of any block penalty (reduction of reward when miners include more the the normal amount of transaction data) is to slow down the curve a bit. Since there have definitely been periods when the penalty applied (at least during spam attacks, but occasionally other times too), the curve is already somewhat slower than the base calculation. If there is a period of rapid adoption, then there will also likely be rapid growth in transactions and many penalties, perhaps continuing for an extended period of time. So we may end up with a curve quite a bit slower than projected even under he original parameters (credit to ArticMine for this observation). Monero is a marathon - not 100 meter sprint. Well said I hope this is enough info for you. |
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...
I'm hearing that timeframe thrown around a lot (1 or 2 years).
It coincides with the next halving, to it's an intuitive fit. It also makes sense to see a long sideways (or slightly downwards or whatever) stretch as it usually happens in bitcoin after a huge runup has corrected. It also makes sense that it would take longer than in the past because the market has grown in number of participants, so it's quite conceivable it behaves more sluggishly.
However my gut says we'll see a substantial rise before 1 year has passed (i.e. in 2015). Not necessarily breaking the ath yet, but substantial. Why? Continual adoption plus the experience of the last halving will have the effect that more players will price in the halving sooner (or at all) than last time, so we might get an ignition before, not after the actual reward halving occurs.
...
I feel like the chatter about the halving has already started. Feels like early-mid 2012 in that regard. June 2016 still a way off. However, Namecoin is halving tomorrow which might produce an interesting market reaction (or not :-) Up 20% currently, look at those weird up & down spikes on the chart: https://bitcoinwisdom.com/markets/btce/nmcbtc |
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1. Litecoin has a 120 million dollar market cap and tons of daily trade volume without any real economy. Bitcoin's real world economy is really not terribly large either. The biggest dollar-amount market for cryptos will be in as speculative stores of value. The trillions of dollars in offshore bank accounts. XMR could still outperform in this area given it's untraceability and unlinkability.
Litecon trade volume is fake. All litecons exchange hands every few days. Get real. That cant happen. people are trading them on no fee exchanges to pump volume. Agree, litecoins volume without okcoin (and other no fee exchanges) is around 500k$. |
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This was more of an issue a few months ago, the price was quite high with many coins created daily, expensive to sustain the price. Now the emission has already dropped from approx. 25k a day to approx. 18k. I dont think there is a need to mess with the emission schedule, especially given the possible negative blowback. It feels like we found the bottom around 0.0011 and the price will creep up slowly from here. eh, I dont get it, I keep reading Monero has too much inflation but its actually almost like Bitcoin in the 8th year... and after that its much lower inflation! agreed + an official anouncement from the devs to confirm the emission will not be changed would be helpfull and maybe restore some trust. + a decision about the minimum block reward, if any, should also be made in the next months, preferable before the first birthday of monero It was stated a few pages ago, I already crossposted it to the normal topic. But will post it here again. We should keep in mind that the change was brought up by the MEW and not from the devs (although some of the devs are MEW members). Having said that, even if the MEW choose for a change in emission, devs wouldn't have to implement it. Crossposting for info: BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).
XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.
Smartest thing I've heard you say in a month. Welcome back.  Exactly Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero? Nothing has been decided yet AFAIK. I think it's hard to find a consensus on such a thing, so it will probably not be changed. PS: This is just my personal opinion. The MEW executives, the largest voteholders, and the core team members, have been searching for a concensus for quite a long time now. Since such has not been reached, there is no realistic alternative to leaving the emission just as it is now. This is also enjoying the greatest support of all alternatives, so we can safely say that it is the best choice as well. & Exactly Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero? Its not going to happen. |
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i would of not posted here if no one reply on my on the irc been almost 1.5 hour there with no reply
I think because of the timezones most of them are still asleep, someone will come and help you, just have some patience. |
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hey i started trying to mine monero today .... i think something is wrong with my miner i tried ALL the ports still give me same results with the error on low diff shares im using AMD 7790 with windows 7 64x  Just for info, but I think you will get a faster response on IRC. Just use this link: http://webchat.freenode.net/ , set your nickname and set the channel to monero. If you are in the channel, just state your question and most of the time someone will help you immediately. |
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Crossposting for info: BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).
XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.
Smartest thing I've heard you say in a month. Welcome back. Exactly Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero? Nothing has been decided yet AFAIK. I think it's hard to find a consensus on such a thing, so it will probably not be changed. PS: This is just my personal opinion. The MEW executives, the largest voteholders, and the core team members, have been searching for a concensus for quite a long time now. Since such has not been reached, there is no realistic alternative to leaving the emission just as it is now. This is also enjoying the greatest support of all alternatives, so we can safely say that it is the best choice as well. & Exactly Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero? Its not going to happen. |
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Nice work, jwinterm. Good-looking and functional GUI wallet.  I will get around to trying the new GUI soon. Can you please elaborate on what the version cutoff is for a "deprecated" wallet? (My apologies if it is in the readme or something) To be honest, I'm not sure, but I think it is basically if you created a wallet in April or May. The current workaround for deprecated wallets is to use v0.8.8.4 to import the keys file and update the wallet, then you can use it in v0.8.8.5/6, but it will be fixed in the next simplewallet release. I'm pretty sure if you have an electrum seed for your wallet, then it's not deprecated. My compliments on your work. To be clear, this still takes a lot of your RAM or doesn't it?EDIT: I had to much beers, if I am reading the text correct it shouldn't eat up your RAM. If I can give you some advice, I would make the "tabs" horizontal instead of vertical, bit hard to read now (could be the alcohol, but still ). Another point, if you create a new wallet the seed will be stored in a plain text file without encryption. I would advise to make some kind of announcement everytime you create a new wallet to encrypt to file or to make it a default thing to encrypt the textfile with the seed. Thanks dEBRUYNE. I will try out the tabs horizontal and see how they look. There is (should be) a message that pops up everytime you create a wallet though, saying this info.txt file has your seed and you should delete or encrypt it. Maybe I should change the name of that file to "DELETE OR ENCRYPT THIS FILE IMMEDIATELY.txt" Maybe an idea to let users decide for themselves to use horizontal or vertical (If it's possible, just make a box where users can tick for horizontal/vertical). I think I missed that then, will check later today. It was late yesterday though, so there is a chance I just missed it |
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