Is this correct?
All Monero transactions are private by default, without a need for counterparties such as masternodes or key creators.
Correct:) |
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Having major problems depositing onto bittrex... Not good
What major problems? I sent to the address with the payment ID they specified...a short while later it appeared. It would be useful if you defined "major problems"  |
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In fact to this day, only about 5% of the coins have been mined, and it is FAR from the case that developers or very early adopters have been the only ones mining.
This is a bit damning for future price really. How can the market absorb another 20 times the coin supply at current prices? - It would either require 50mn USD (100mn USD if MRO price doubled or 200mn USD if price went up 4x) - Or price would have to drop significantly so that the new MROs can be absorbed at much lower prices As it is right now it is not sustainable, inflation-wise / price-wise. Investors would quickly lose money on their investment as the coin is debased. Alternatively, they'd rather go with a BCN clone that doesn't have this type of "weakness". My suggestion is a reduction in the number of coins or altering of the reward curve. Just to be clear - by direct comparison with Darkcoin, whose values you have tirelessly espoused in this thread, almost 5% of all Darkcoins that will ever be created were mined in the first 8 hours of the coins launch. |
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Noob question:
After all the coins are mined, probalbly no one will be mining. How will transactions occur without blocks being generated? This applies also to bitcoin and a lot of other coins
The block reward approaches zero but never reaches it. However, once cumulative fees exceed the block reward miners will mine for fees only. For Bitcoin this is expected around 2060. |
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Actually I control the domain name, David merely registered it. The site is hosted on my servers. David is part of the core Monero team, but he is not the only one. In the next few days we will try make things a little more transparent in terms of who the core team is and so on, it's all been a little bit rushed since it went up on Poloniex, and we're reacting and reeling. I didn't want to discredite you guys. Just say what I think is the truth. For the moment this is just a fork, may be time will prove me wrong. Absolutely - the best thing to do is wait and see. If you're bullish on Monero then you'll hold, if you're not you'll sell on an uptick and move on to another coin. Either way, I wish you all the best in your endeavours. |
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Actually I control the domain name, David merely registered it. The site is hosted on my servers. David is part of the core Monero team, but he is not the only one. In the next few days we will try make things a little more transparent in terms of who the core team is and so on, it's all been a little bit rushed since it went up on Poloniex, and we're reacting and reeling. |
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Question 1: Can it be set with something like a slide-bar, on demand, per transaction? Like I want to launder it 5 times or 2 times.
Question 2: Can an evil entity attack the blockchain by artificially bloating it with tons of bogus transactions? What would be the estimated cost of the attacker in order to make the blockchain unusable?
1: it already is, you set the mixin count per-transaction. There is no default in the CLI wallet, you are forced to set it when sending. I normally use 0 because I don't a craving for anonymity in moving coins to people or to an exchange, but I have had no problem moving largish amounts with mixins of 10. 2: exactly the same as a dust attack on the Bitcoin blockchain. Do we not remember the 1Enjoy 1Sochi dust attack? Attackers attempting this quickly run out of funds, which is kinda the point of transaction fees:) |
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Very nice post sir.
How did you gain this deep knowledge of the protocols? If you are a coin dev if it would be great to have you on board this project.
That's why eizh is on the core team:) |
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Fluffypony are you one of the devs for MRO?
On another note where is that nice chart of hashing power that was around earlier in the thread? Anyone got a link?
There are several of us involved at the core of MRO on various levels besides mucking about in C/C++, but yes, I am one of them Hash rate graph is here: http://monerochain.info/charts/hashrate |
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Looks like miners, or somebody, is voting on the 2-minute block vs 1-minute block.
QCN now higher than MRO on polo.
A slightly higher price on the back of 18.5 BTC in volume vs. MRO's 273 BTC volume? Not a relevant comparison. |
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What is the difference between Bytecoin and Monero in terms of technology?
Nothing. Monero is a fork/clone of Bytecoin. Hey darkota - are you not going to take me up on that bet offer? My 5 BTC, your 5 BTC, other people will throw down, and in a year you could win back enough that you WILL be a Bitcoin millionaire and not need to beg for donations on your one-post Wordpress blog. Come, let's make it happen. |
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Bytecoin has issues regarding scaling. Evan has thought of a workaround to attain ring-sig level anonymity without the drawbacks of ring-sigs. If it works = epic win. We'll see how it goes.
In the meantime Bytecoin must improve its own implementation because as it currently stands, it has issues in scaling and security (it's crackable by quantum computers). Whether this can be fixed in the current implementation or a scratching-off of the current implementation and relaunching as a new coin, will be the real question. If it's the later, all the bytecoin 1.0 + clone coins will be irrelevant. And clones of the bytecoin 2.0 variant will be unsuccessful given the history of what happened to clones of 1.0.
I'm happy to report we've successfully cracked Darkcoin's network with our new quantum computers that just arrived from BFL, a mere two weeks after we ordered them. |
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Darkota... you have proven your point. but I know for a fact that all this will be obsolete in 2044. Because then we will have a technology called master dark night crypto
node rings. This will blow everything away and Evan will have died of an heart attack while trying to implement and and so we are all wasting our time. My suggestion for Darkota is to wait for this technology and mine it on day one. You will be filthy rich. It will be mine able on anything that can perform any sort of computation. An ordinary abacus will get 233.65 kh/s. I have seen this. It's amazing
I am the developer of this new technology and an expert.
We've had a discussion internally and we're happy to confirm that Monero will be implementing Master Dark Night Crypto Node Rings starting from version 17.3.1 planned for release on February 31st, 2044. emontmon has been confirmed as Lead Chief Major General Compu-Techno-Scientist of the Monero Group Holdings Team Partnership LLC. |
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You're not making any sense...Which is better?
Darkcoin: Masternodes that allow for anonymous transactions And incentive to uphold the netowrk
Bytecoin/Monero/Quazarcoin etc etc: Ring Signatures that cause extreme bloating, but offer anonymous transactions.
Now you see that Darkcoin's Masternodes are still better right? Now look at this
Darkcoin months from now will have:
1) Masternodes that allow for anonymous transactions And incentive to uphold the network
2) Ring Signatures with the major bloating/scaling issues gone
3) I2P
Monero months from now will have:
1) Ring Signatues with horrible bloating and scaling issues.
It's a no brainer..Darkcoin is 10x better than a fork of Bytecoin(i.e Monero, Quazarcoin, HoneyPenny etc)
So you're saying you're happy to take me up on that 5 BTC bet on BitBet.us? Let me know when it's setup, rather than just rehashing the same tired arguments over and over. Just put your money where your mouth is. |
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Most people is talk about technology in this thread..Nobody care about what's the price with MRO
Just like DRK been there before..
potential stock!!
This is why the thread is interesting. Talking only about prices makes you think only speculators are interested and present in a thread and you can suspect heavy manipulation of the coin at any time or rats fleeing the boat. While I don't have that many coins (not enough funds on the exchange right now) I'm waiting to see how things evolve around here to maybe increase my stash. Just to confirm , poloniex only? On 3 exchanges atm: https://poloniex.com/exchange/btc_mrohttp://cryptonote.exchange.to/https://www.swaphole.com/#!market/MRO/BTC |
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a good cpu coin,but as we know,most of cpu coin that became gpu coin lastly,wish this coin not
Read the CryptoNote whitepaper - this coin is not claiming to be CPU only. Specifically: the PoW algorithm is not GPU / ASIC averse (a practical impossibility), it merely retards efficiency to the point where the gap between CPU and GPU miners (and, later on, the gap between GPU and ASIC miners) is so vastly reduced that GPU mining may not make much sense, and it may go straight from a CPU/GPU mix straight to ASICs. Either way, CPU mining will be relevant for a longer time than they were with SHA-256 or scrypt coins, and GPU miners will have to get used to not having the edge they normally have. But hey, it's early days, maybe cbuchner1 will add CryptoNight to ccminer and blow us away with some algorithm cleverness:) |
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Darkcoin will have the largest market share (measured by market cap excluding any premined or instamined coins) among all the cryptocurrencies focused on anonymity (including Monero, Bytecoin, and Anoncoin) in 12 months time. Let me know when it's setup and I'll throw my 5 BTC down.
I would take that bet as well, but not on bitbet. Via escrow. 5 BTC. Let me know. BitBet.us opens it up, though, to larger bets in the pool instead of it being a person-to-person deal...let's see what our dear friend "darkota" says and we can figure out if this is going to play out or go nowhere:) |
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I'm sure Darkcoin won't depend on the Masternodes for anonymity as much once Ring Signatures and I2P are implemented. The nodes might just serve as an incentive to help maintain the network...unlike Bitcoin where hosting nodes does nothing to help you personally.
I2P, while java may introduce additional inconveniences at first, I don't see much of a threat, especially when it can be improved upon over and over with Dev's like Evan...
So overall, masternodes might be an incentive, while the I2P and Ring Signatures are the real anonymity...still leaving Darkcoin ahead of the competition.
I can see that trying to have a debate with you will be fruitless. How about you put your money where your mouth is - set a bet up on BitBet.us for 5 BTC and I'll match it with 5 BTC on the other side. We can make it simple and based on your post: Darkcoin will have the largest market share (measured by market cap excluding any premined or instamined coins) among all the cryptocurrencies focused on anonymity (including Monero, Bytecoin, and Anoncoin) in 12 months time. Let me know when it's setup and I'll throw my 5 BTC down. |
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