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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BBR] Boolberry [ANONYMOUS | CRYPTONOTE | ADDR ALIASES | NO IPO/PREMINE] on: June 19, 2014, 08:50:13 PM
There is a difference between closed source and not released to public .. If he hadn't said anything about it noone would care or talk about this.
That you are an investor or miner doesn't matter , if you find it is not fair go trade something else .. there are enough coins to go around.
I just don't get the argument here , it is not a shift in a direction or another. Its a private miner he keep for himself because he did it himself .. Well big deal.
It would be something else if it went public, closed source and like taking a huge % of the stuff mined sent to him.
It is exactly the same as someone with a huge farm atm. Just a software one.


You know you're wrong. So am I. Dreams dead, goin2mars.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BBR] Boolberry [ANONYMOUS | CRYPTONOTE | ADDR ALIASES | NO IPO/PREMINE] on: June 19, 2014, 08:29:47 PM
ure but that isn't his fault .. its a non argument , there is always a bigger player. Don't mean you can't profit from the coin , just not as much as he does.

I'm not saying he shouldn't profit. I'm saying if the field is going to be changing for one side, then it must change for both. If the tools of adoption are now closed source, then the thing to be adopted will naturally evolve to be closed source. Telling me that 'this is the way things are and always have been' isn't going to cut it. Because two months ago, things were open source. Now they're not, that door has closed and that's okay; but, I won't be adopting it (one last edit here: unless both sides are open source or both sides are closed source). Simple as that. I will, and already have, taken my money elsewhere .. to something that I've already accepted. That is why I proposed a closed source hard fork as the only one option.

edit: you also seem to not understand where I'm coming from. I'm not a miner. I'm an investor. I make my money on the market.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BBR] Boolberry [ANONYMOUS | CRYPTONOTE | ADDR ALIASES | NO IPO/PREMINE] on: June 19, 2014, 08:18:14 PM

That is the nature of the game tho , he built his own tools , you can't blame him for it. It would be the same as blaming the asic builders using their hardware before sending them out when it is not as profitable no more. Being the first onto something isn't outplaying others , it is using your skills to profit from them and it is how it should be.

If you read anything I've written, you would see that I'm not blaming him. I'm blaming idiot adopters like myself who come here and think this is a good idea to expect software and not donate, even though i do. He has every right to profit - it's his property and intellect that gives him the edge.
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BBR] Boolberry [ANONYMOUS | CRYPTONOTE | ADDR ALIASES | NO IPO/PREMINE] on: June 19, 2014, 08:06:35 PM
Open source coins are now at the mercy of private, closed software. It's not your fault, you just happened to be the guy that made the statement that's been long in coming.

"now"? It has always been that way. See links posted to earlier stories about ArtForz and Coblee...

Also note how 51% of hashing power on Bitcoin (!!!) was in the hands of one pool recently. ASICs have terribly centralized mining. Ouch.

Wanna know how to solve it? Quality cryptocurrencies should come with wallets for Linux, Mac, Windows and with optimized miners for AMD, nVidia, CPU (SSE2, AVX2). Period. It won't help against ASICs in the long term but at least it creates a level playing (mining) field right from the start.

Christian


You detract from the argument. The statement was "now at the mercy of private, closed software". This is not about hardware, or centralized mining. This is about the existence of nothing but centralized mining, because exactly zero people here can do what you do. Should you profit from that? Yes. Should people just start launching coins for you and only you to profit off of? No. This one seems to be launched for you, and many more will be launched for you until people learn that either they should start paying their developers from day one, or thrive on closed source software. There's no other options.

Toward the rest, I agree .. quality currencies should come with every single bell and whistle that can possibly be conceived. But you're not gonna tell me that if all of that existed in the first place, you wouldn't have tried to find a way to do what you do best and outplay everyone involved.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BBR] Boolberry [ANONYMOUS | CRYPTONOTE | ADDR ALIASES | NO IPO/PREMINE] on: June 19, 2014, 07:46:02 PM
dev please fork, your coin is too good to be destroyed by one greed idiot.

I agree. Has anyone considered if they would be willing to accept a closed-source fork? I think dev has the capability to provide the software necessary to continue.

What do people think?

From a legal standpoint, the MIT license under which ByteCoin was originally published is pretty permissive.

I would not recommend it. No one would trust a closed source cryptocurrency.

I offered to publish an (open source) nVidia GPU miner provided some stratum support is available. What else do you want?


I'm not saying that what you've offered is not enough. I'm saying that you are making a very bold, and powerful statement that will come to define this scene, even if you don't realize it right now. Yours isn't the first, but it is the first that threatens the continued peaceful existence of cryptocurrencies. Open source coins are now at the mercy of private, closed software. It's not your fault, you just happened to be the guy that made the statement that's been long in coming.

The only way to keep this movement going is to evolve. The closed-sourcing of third party software that these 'alt' currencies must absolutely survive on in this year and the coming years must be met with an equally bold and powerful statement. You're not wrong to be doing what you're doing. If, the tendency to donate to and recognize powerful developers were still a naturally occurring thing then this very well may have turned out different. That is not the case, and nobody's to blame -- it's a natural evolution. No amount of open-source coding will ensure that developers get paid, save for a premine. Sadly, this does not cover payment to third party developers such as yourself .. who should be paid and recognized for their work, but not at the cost of the continued existence of the currency.

What I'm saying is that by taking this route, there will come a day where people will have no option but to trust a closed source cryptocurrency .. because the tools of infinite money are no longer available to them.
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BBR] Boolberry [ANONYMOUS | CRYPTONOTE | ADDR ALIASES | NO IPO/PREMINE] on: June 19, 2014, 06:30:48 PM
dev please fork, your coin is too good to be destroyed by one greed idiot.

I agree. Has anyone considered if they would be willing to accept a closed-source fork? I think dev has the capability to provide the software necessary to continue.

When people have the technical capabilities to hold the coin hostage, or at least scare people into thinking they do .. simply changing the PoW might not be enough. Keeping it closed-source for a period of time would. But that would hinge on everyone using this now to accept that. Let's say that the PoW is changed .. what are the chances that christian would just do this all over again .. and again there's no way to convince him to distribute software or open source it?

What do people think?
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Which altcoin features can you not live without? on: June 19, 2014, 05:13:53 PM
There's checkpoint consensus, but then consensus allows for islands to form.

A simple technical (rather than social) solution to the 51% problem must exist, for PoW.

What do you guys think about this?

Not a simple solution, but it's a big question to begin with ..
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - Secure, private, untraceable cryptocurrency on: June 19, 2014, 04:59:07 PM
^
 and if it's open are you sure it's bitmonerod if you have a window open for?
9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - Secure, private, untraceable cryptocurrency on: June 19, 2014, 04:52:58 PM
Im new to xmr i mined few hours i got the Total Paid: 0.474243738741 XMR but in my wallet still its showing 0.000000000 ... what to do ? pls help me

Have you typed refresh?

How can I change the password on an encrypted wallet? Does this function even exist in cryptonote?

If you use the deterministic wallet, you can do so by restoring the wallet.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Which altcoin features can you not live without? on: June 19, 2014, 03:31:40 PM
Interested to hear what you class as third party development? Software, Hardware, Services, additional core development?
Mycelium integration, closed source pools with their own closed source software, previous releases of cudaminer not being released for distribution and are now effectively closed source, coinmarketcap, any exchange, there are now third party sources of entire coin development who offer the source for anyone to use but not for themselves to launch a coin, claymore's GPU miners are closed source 3rd party support, nxt asset exchange, blockchain explorers not provided by the developers supporting multiple coins of choice, profitability calculators, there's just so many examples. The future of new cryptocurrencies will come to thrive on these types of offerings. This is no longer a garage project, and the number of people who have originally provided these types of services for free of charge is quickly diminishing .. to the point where coins like BBR are left to consider a hard fork because of lack of an ability to fund a third party developer.


Quote
Open from the start, multiple contributors, patches from healthy up to date forks - the usual methods.
This simplistic model is disappearing very fast, again using the BBR example. He is a very intelligent and good developer and even he cannot mitigate these risks.


Quote
The fee model is only to provide a fair approach to remuneration. All aspects of the project would have to be open, right from the start, including the initial requirements and proposal, even before specification happens. As we are doing here Smiley

The fair approach is being actively abused, and I'm trying to drive home the point that it's not just the core coin developers that will be needing paid anymore to survive. It's quickly becoming so dangerous that these people need to be compensated some how.

So what do you think is a good method to keep everyone paid? I don't think it's going to be automatic -- no amount of automated open-source coding can benefit everyone who has a say in these coins now. Some will find a way to assume control if they are not compensated.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - Secure, private, untraceable cryptocurrency on: June 19, 2014, 02:29:18 PM
P.S. Ask about more features and tell us about bugs!

Cool update!

Any chance you could get him to put HR in the widget?

What do you think about difficulty derived from the monerochain data also?

Sending a couple xmr for the update Smiley

edit: sent - Money successfully sent, transaction <2d8a6997dfd831cc18b9752191072867bdf70177d611ece7e33f96dcce602a40>
12  Alternate cryptocurrencies / Altcoin Discussion / Re: how should coin developers be remunerated? on: June 19, 2014, 01:53:45 PM
Cross post ..

Don't know if it's mentioned yet ..

Paid developers  Shocked

Yes we've already covered this in a different thread: https://bitcointalk.org/index.php?topic=656720

In short:
No premine, instamine, or IPO.
0.125% of the block reward as a tax to the development team
50% of transaction fees, halving 3 times (25%, 12.5%, 6.25%) then dropping to 0.

Many have suggested a higher % of block reward (1%), we'll confirm the actual amount if/when we get to a final specification. It will certainly be under 0.5% though.

Sure that could work. But it doesn't cover third party development, which will be the main driving force in cryptocurrency penetration in this year and the following .. and not just one centralized development team.

How can you keep them from becoming entirely closed source? Toward my point, how would you solve the problem of privatized GPU miners cornering markets? Take a look at BBR right now, over 50% of the coin is mined by Christian and Christian alone. Not all the hard-coded centralized developer fees in the world can stop that, and he's currently in a position where he would require infinite money to open source or even distribute his software.

What then?
13  Alternate cryptocurrencies / Altcoin Discussion / Re: Which altcoin features can you not live without? on: June 19, 2014, 01:52:18 PM
Don't know if it's mentioned yet ..

Paid developers  Shocked

Yes we've already covered this in a different thread: https://bitcointalk.org/index.php?topic=656720

In short:
No premine, instamine, or IPO.
0.125% of the block reward as a tax to the development team
50% of transaction fees, halving 3 times (25%, 12.5%, 6.25%) then dropping to 0.

Many have suggested a higher % of block reward (1%), we'll confirm the actual amount if/when we get to a final specification. It will certainly be under 0.5% though.

Sure that could work. But it doesn't cover third party development, which will be the main driving force in cryptocurrency penetration in this year and the following .. and not just one centralized development team.

How can you keep them from becoming entirely closed source? Toward my point, how would you solve the problem of privatized GPU miners cornering markets? Take a look at BBR right now, over 50% of the coin is mined by Christian and Christian alone. Not all the hard-coded centralized developer fees in the world can stop that, and he's currently in a position where he would require infinite money to open source or even distribute his software.

What then?
14  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - Secure, private, untraceable cryptocurrency on: June 19, 2014, 01:40:49 PM
I've been playing with simplewallet.exe. Sometimes when I try to transfer monero from one wallet to another the client complains that the transaction is too large. When I try again it works. Is the transaction building logic not deterministic? I guess this comes down to the RNG? Why not try a few more in the event of the transaction being too large?

It's not deterministic, it's random and depending on the mixin count it will use other *random* inputs, so it's never going to be the same. What you're experiencing is definitely an interesting edge-case given your mix of inputs, most of the time no amount of fiddling with different inputs will get a transaction to fit:)

If you haven't already, read this week's Monero Missive, as we show off transaction auto-splitting (which is also available for testing if you're able to compile Monero).

Sending xmr for that peer review:

Quote from: Peer Review
Such speed, much wow

 Grin

Edit: Sent - Money successfully sent, transaction <db663dfc4e1e9e4ec4f78822ea7e13bee267bbdc118fd87b7c69b6acdd1cfd73>
15  Alternate cryptocurrencies / Altcoin Discussion / Re: Which altcoin features can you not live without? on: June 19, 2014, 01:18:31 PM
Don't know if it's mentioned yet ..

Paid developers  Shocked
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - Secure, private, untraceable cryptocurrency on: June 19, 2014, 11:59:35 AM
hi, i know its a noob question, how can i solo mine here?

Thanks

Awesome! Search youtube for "monero how-to", for a walkthrough on how to solo mine from the simplewallet.

Really all you need to do is type "start_mining x" where x is the number of cores you'd like to use of your computer inside the simplewallet program.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - Secure, private, untraceable cryptocurrency on: June 19, 2014, 11:57:10 AM
I also do not like it (the not-open-sorce miner), but it is not such a big issue as presented. If you read discussion inn BBR thread with Christian (supposed owner of such a miner), it seems, the profit is not very high, despite he/they mines lots of coins (there are many costs which needs to be included). Someone else has mentioned that it is more profitable to mine by CPU from work or university where you do not pay for electricity. I believe it.

The presented issue has not been current profitability. The issue lies in the fact that christian has openly claimed that he is mining with over 50% of the mining votes. Christian is many things, but does not have a reason to lie to you or make unfounded claims. You are belittling the situation by claiming that it's not a big issue. Christian also has the stated ability to hold onto his coins, rather than sell that many per day.

Moreover all CPU mined coins are mined but botnets. This is unfair. Botnet hackers are real thieves which have no other intention than quick profit.

This is not a cpu only coin, as we are now debating a monopoly of mining by GPU miners in all CN coins. I'm not following your logic. What statement are you trying to make?

All coins need to face centralization in mining and ownership. Even with bitcoin it is big issue. I am sure that also XMR has some superwhales and gigantic miners (botnet owners, CPUfarms,...). Since cryptonote coins are truly anonymous, it is even more difficult to find how they are distributed.

Right now there's a very clear statement by a reputable source claiming to openly control over half of BBR net hash. That is not a delusion or an uncited source. This is fact. Anonymity does not even need to be addressed here. Did you purposely ignore my previous post to you here?
18  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: June 19, 2014, 11:39:26 AM
Hopefully nobody bought QCN. Don't think it's going to rise again...
I did. I was trying to accumulate between .0002 and .0005 roughly, though not many went through below .0003. Presently it's about .0007 which makes it roughly 80 times cheaper than XMR. The developer is trying to find improvements where he can, so I think there is some value in that for more than just QCN. https://bitcointalk.org/index.php?topic=600658.msg7380771#msg7380771
The only thing IMHO that could make it rise again, is a good development team

I find that when I divide .00536199 by .000719 I get 7.46. Is my calculator broke?
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - Secure, private, untraceable cryptocurrency on: June 19, 2014, 11:28:54 AM
I have been checking the coins in circulation charts here : http://monerochain.info/charts/coins

It seems the past few days from 23K+- production a day, yesterday was slightly under 11K.

The total BTC equivalent of 11000XMR is 57.5BTC at 525K sat (current price when posting) which will not ofcourse all be sold on the market as many people will be holding for mid-long term.

If this continues we will have very interesting results in terms of how the price moves when more people mine as the Block reward is Smoothly varying [3]

I think someone else can probably do analytics graphs on this and "predict" what will happen when the GUI wallet will be released aswell as more people hear about XMR.


Yesterday can be confusing when looking from different time zones. ~23k/day is the standard that should be created every single 24 hour period right now. If the graph at monerchain.info/minergate shows less than 23k/day it's because the day isn't over and it's still summing coins for that 24 hour period. Maximum deviation from that 23k is 9%, which is 20930 coins.

What kind of graphs could you see being made modeling adoption? Most anything to compare it to already has a GUI wallet due to being based on a BTC protocol. I think nxt launched without one (someone correct me if wrong), so maybe modeling the number of wallets created after that day compared to before that day could be used to show an adoption model?
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Which one is the NEXT 10 times profit coin? Anonymous Coin Summary on: June 19, 2014, 11:11:37 AM
Past history tells us that the first coin takes it all

Absolutely false. Please take a look at tenebrix.

I was talking about a coin challenging and surpassing the $Cap and take-up of Bitcoin.  Roll Eyes

 

Nonetheless, tenebrix does not have much of a market cap.

For BCN to have a marketcap that will surpass bitcoin today, it would need to trade at a value of .00008279 satoshi.

This is a 827.9x its current value today.
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