Hm, reddit seems to be the problem here.

Maybe you can take it to a different forum based community and see what they think? I can think of quite a few that would be thrilled with things like Bytecoin.

I thought of another ... do you think these people have the ability to even sign a pgp message with cicada 3301 signature? It would be impossible to do so without the password. Even then, would they dare to sign it? I see no tendency for worshiping prime numbers here .. but maybe that's not needed for this?

Maybe they're just largely in support of what they do? Cicada 3301 has a solid history of not using browsers to access their websites and providing their pgp key first thing as they dont mess around. I think their support is admirable, maybe they're on the waiting list to get into "the big leagues" like cicada 3301?

Does anyone think making a currency like this would qualify them?

Hm, what do you think is the best way to get around that? It's a really cool name .. but what kind of confusion do you think it will cause? I didn't even hear of bytecoin until I saw this one .. no confusion for me!

Don't rename it! We all know what happens when a community wants to change a name

Yeah, that's kinda wierd .. I didn't even make the connection before that if the inventors of the technology approve .. then why don't all of us? It's brutal to suffer actual malice because someone "made a fork" especially when it's totally supported.

Maybe someone should ask them on their website what their views on forks are .. rather than trying to use it as some kind of derogatory term?

How could they sell though ... I thought the exchange rate was like $6.50 / BCN?

I can see how it's a premine to us. Maybe they were just trying to provide it as an example to show that the technology works. Sounds like they have their own economy that we can never really be a part of unless we're cypherpunks. I don't think their aim is to compete. I think their aim is to be as many "coins", "communities" and "forks" as possible in order to show that CN technology is superior! Maybe that's why they built the technology to have such a rough time scaling, because they think that thousands of small communities will be a better model for an economy that one large one?

I'm kind of at a loss here. I started out largely in support of BCN .. but not for its potential marketcap or the fact that I could ever hope to use whatever it is as a financial tool .. but instead for the value of its contribution and exactly what that contribution was. That's not what I'd like to discuss though .. I'm sure everyone here's heard plenty about that.

What I'm really interested in is .. have people in this thread been led to believe that they can or will ever become part of the closed community that Bytecoin is used by? I figured them for Cypherpunks .. or as they're saying nowaways, "Crypto-enthusiasts" instead of the usual "crypto-activists".

I mean they have the Cyphernomicon in their blockchain so this is hardly a stretch .. are any of you Cypherpunks? Anyone on the mailing list? Don't get me wrong that's cool as hell .. but my background isn't programming Cypherpunks write code .. so I left their money well enough alone after I figured whose it was

What about that picture for anon web hosting .. don't they advertize like .1 BTC = .001 BCN? Wouldn't that make the marketcap like $1,022,985,600,000 .. a trillion dollars! That's insane! I wonder what kind of mansions they all live in Do you guys think that's what they trade it for on their websites?

Just wondering what people think about these fourfive questions ...

Oh!

That makes a lot of sense now. Thanks a lot! Sorry if anyone else said this and I didn't get it. Programming is not my main background (even though it's pretty technical) .. though I'm learning quite a bit about it by coming to this board over and over again.

I didn't make the connection that you could completely integrate a c++ router into a monero app, rather than have to use an external java router that's controlled by your coin app. So rather than run two separate programs .. you can run one?

You mean this coin?


I would imagine they're still shaking the effects of that off .. takes time.

Agreed!


Any idea which FreiCoin forums/threads? Would be nice to have a link, that was a bit before I started posting here. If not I'll look around when I get time.

Pretty sure this refers to just spamming a blockchainnetwork with low difficulty blocks.

As the node does not know immediately if a block is fake/valid or not, it must spend processing time on verifying against the current blockchain.

The idea is that there must be a balance between the rate at which a node can receive new hashes to check being outpaced by its capacity to verify hashes.

If the new hashes sent to the node outpace the capacity to verify it, it will be stuck in a verification loop, and effectively no longer functions as a node through which the network is based on.

The limitation of a 2Mb scratchpad for cryptonight was the maximum size they felt was necessary in order to "outpace" the rate at which blocks come into a node, (while maintaining a memory-hard proof of work function.)

Someone correct me if im wrong?

1 vote per day with trade history would be a nice idea, but it would only make services like this more viable, expensive and desirable:

https://bitcointalk.org/index.php?topic=639308.0

I can see merits of pure voting without taking money for votes, but without competition the cost for the service listed above would just escalate toward infinity.

I totally agree, in a perfect world, adoption should be based on merit.

In this world, that would be called favoritism and easily lead to bribery and accusations of shadiness anyways.

I can't expect an exchange to become a part of every single coin community (over 600 now) and then figure out the merits for themselves. That's selfish .. especially when they have an exchange to run. In order to keep a relatively impartial stance on favorites, they have given us the chance to prove ourselves. How are they wrong for that?

There's no way an exchange could figure out all the merits of a coin correctly in only a day. That takes time. When you're dealing with over 600 coins, that just too much time. I couldn't ask them to spend weeks in our thread watching our community and merits develop .. they just don't have the resources for that. I wish they did, but voting is what we have .. and I can't say they're wrong for doing it.

It's not a big deal though, soon enough we'll be on Mintpal and I'm excited to trade there again .. been messing around with Poloniex so long that I forgot how much I liked Mintpal

What do you think you're paying for? Just a listing fee. It happens to be higher at Mintpal than most other places. They happen to offer a better future than other places most of the time.

How much do you think it costs to get your currency onto something like FOREX? You think they do it out of the good of their hearts? I don't think so .. it's about money. They offer a valuable service and should be paid accordingly.

Maybe when there was like 50-100 cryptocurrencies I could say sure yeah why not add them all for free. There's well over 600 now. They need a way to separate the wheat from the chaff. This isn't a corrupt exchange taking bribes, this is a group of people looking to rightly captialize on your need of their service .. and that same group of people has found pretty much the only way to only efficiently stop shit coins in their tracks. Hardly anything to complain about

It's not the end of the world if the title says 'vote on mintpal' for a day or two while people celebrate awesome news .. get excited about something!

I think it's great, and I've voted like 6 times already! I hope we keep the 'vote on Mintpal' for at least a day or two while the news goes around the world!

But they did that in what .. last week or few days?

Does it matter if they don't pay out every single block if whatever they did still doesn't work? The fella still can't even send .2 MRO without risking destroying 1.5 MRO every single time a consolidation transaction is made.

Assuming .2 is max he can send he's going to risk permanently eliminating an entire blocks worth of MRO just to spend 3.15 MRO ... lol.

Oh, I see it now. Let's take the net hash for the last week to be 3.5 million.

30% of that is 1.05 million hashes/sec. They will get 30% of the blocks per day which is 432 blocks / day. This means any wallet you have mining there will get at least 432 payments per day.

Your hashes are 250. You would get ~.103 blocks / day which is about 2-3 days to get the amount in your wallet right now.

Your little amount is composed of probably over 1000 transactions. That's absolutely insane, because for you to send even half a monero would max an entire block and decrease the block reward by as much as 9% .

This is an insane amount and why it's highly recommended you mine at a pool that doesn't do this to you. If you don't have a problem with closed source, minergate won't do this to you. Your other option is to mine at a pool with a lower hashrate, increasing the amount of payments. Your other option is to not mine at these pools, as it would be insane to sit there and send to yourself over and over again for 20 minutes every few days. Lastly, you can bear with the pool and just send yourself the small payments to "consolidate" so that you can bear with them until the software is better matched to this protocol.

Awesome for him! I think everyone that wants to use/mine QCN on a mac will benefit greatly!

Hm, I'll look around for more material .. maybe people will link a few more things as well?

Something I'm trying to get at -- looking at the massive list that dewdeded linked, you can get a good idea on exactly what kind of extent people are willing to put up with for platforms like Citrix, Oracle and I've seen a few Java CMMS systems .. and I know there's more.

Businesses and people using these systems deal with these vulnerabilities (either directly or indirectly) every day because of the perceived gains they get despite them. The software is still widely used .. and isn't going away just because someone made a c++ version of it.

Back to the point -- how can we "market" the idea that a c++ I2P router is something to be thrilled over (rather than a Java one) to people who are not security specialists. Getting one person with the technical depth to understand is trivial, but getting tens of thousands (who very likely may not have even heard of Java or c++ before) to feel like they understand is a suitable challenge.

Using the vulnerabilities is a pretty good starting point .. but it's kind of bland and washed out when it comes to trying to drive your point home. Everybody elses ideas are always bad when yours is good. Rather than focus on what a Java router can't do correctly .. what can a c++ one do that a Java one couldn't? Apart from their main goal of acting as I2P routers is there any apparent gains, besides attack/vulnerability surfaces?

Not everyone using Monero will be a computer security specialist .. actually I would hope security specialists to be a greatly enjoyed minority rather than the entire community of monero When I use the term "market" I mean literally "remove confusion from" .. not "turn this into a market pump" which sadly seems to be the general connotation of the term..

It works however you want it to.

You could use it to do all of those if you wish that to be your standard. I think you're limited to hex characters though IIRC.