[AEON] Aeon Speculation

[boomboombazookajeff]

The amazing thing is, I don't doubt smooth will deliver on the rebase and it will be awesome. I do, however, have my qualms about when it will be released and how many satoshis it will be worth. Holding AEON is great for what it stands for but if you want to maintain your BTC holdings, it might be too risky right now.

I have zero doubt that smooth will deliver, better to deliver right than early, what is key is what happens within the community after the rebase. Bounty's will be the fuel but the community will be the fire.

The problem for today HODLers is satoshi loss, if we go through two more BTC/ALT pump cycles without rebase, maybe 4-5 months, perhaps then we have unrecoverable Satoshi.

The fact is is that people seem to forget what it was like for Monero before all this insane pumpage. The dev team continually got flack due to not coming out with new, sexy features SOON^tm as they could. They wanted to make sure everything was running smoothly (pun intended) for the code of the coin itself before releasing GUIs and that sorta thing, which took a long time.

I understand it’s been a while for the complete rebase, but the new update was seriously not even three months ago. Takes time when there are not many qualified/able minded people to work on it.

This is one of the main reasons I continue to hold AEON. I think smooth has a high bar set and I imagine its for good reason. The guy takes privacy seriously. SHUM!

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[bbc.reporter]

Monero is now trading from $450 to $460. I reckon many of you are thinking that you have missed the train. Yes, maybe you did. But you can still buy the next Monero below $5.00 hehehe.

Also, I speculate that there is something planned for Aeon that would have a connection with Monero after the code rebase.

[phishead]

@phishead. Was that americanpegasus in there? I was nice of smooth to hold the sign hehehe.

Yeah, it was americanpegasus (now known as katiecharm) that posted it on reddit.

Speaking of /r/Aeon and katie... this is pretty awesome...

Thanks to the massive generosity of /u/exciter0 (who pledged 10k of their own Aeon!) the bounty/dev contract is now firmly at 40k!
So smooth has offered to pay for half of the dev bounty for this, meaning 20k will come from the dev fund, 10k from me, and 10k from /u/exciter0.

The rebase and further dev work needs to happen as soon as possible, ideally by end of Q1 2018. We face a difficult problem in that there are few people with the talent to do this work. Nevertheless, if we can get a good quality rebase finished, plus maybe merge some other Monero core improvements into the Aeon code (totally at the claiming devs discretion), that is worth 20k of my own Aeon. I would ask that /u/smooth_xmr consider adding 20k from the dev fund as well, potentially doubling this contract to 40k Aeon. Aeon is a proper and ethical blockchain with unique features that deserves this kind of effort. It deserves our love and support.
At this point I'm not too picky about who does this, as long as it passes muster with the current dev, which is smooth. If he does the work himself, I'm happy to donate the money to his personal holdings, and am okay with him taking 20k of the dev fund for himself even.
If someone else does the work, or it gets shared among multiple people, I'm okay splitting it up as they agree upon as well. So I'm calling all cryptonote devs here.

/u/23r0c00l listed some good reasons elsewhere why this work is so important:
Additional developers can contribute to the code base (some have said they will, whether that happens is another story).
Web wallet development becomes easier. There'll be no need to extend the current daemon.
Once the rebase lands morale will likely improve. A lot of uncertainty around the project will evaporate.
Following on from the last bullet; I think people will be more inclined to recommend Aeon as a project. It's difficult at the moment with everything mooning & most every other project doing whatever they can to expand.
It may help the GUI dev. There was some talk of porting the Monero Qt lib over (or however it's structured). Now there seems to be an initiative to use a Python layer. Not sure of the implications for the GUI.*
It may increase the value of the dev fund, net. It's difficult to say what's going to happen to the price. The rebase may already be priced in, to some extent. Then there's the market as a whole. I think the reduction of uncertainty & the definite moving forward for the project will result in some increase. That may be greater than the amount spent.
It would open up the possibility of Aeon being added to more exchanges (I've heard that been touted as a benefit of the rebase).
There was a post about implementing an FFS system (porting Monero's?). That would spawn more projects -- which could have benefits in most/all directions.It would shut a bunch of trolls up. I'm sure they'd find something else to complain about, though.
If those points are correct, then the impact of the rebase could be profound.
I wanted to enumerate the benefits, rather than saying the rebase is good in some vague way. Without individual points, I think it's hard to get an accurate feeling for how far-reaching the rebase could be.

If you are willing to donate Aeon to make this contract even more lucrative, feel free. I have some cool social roadmap plans laid out, but absolute priority number one heading into the new year is getting these improvements merged into the Aeon code.

Finally Aeon is budding grass roots efforts to fund development like Monero did back in the day.  Whether more qualified developers who work/worked on Monero, or elsewhere, become interested in working on Aeon or not; I think it's great that people like her (former AP) are around who are always so generous with helping out in funding development efforts. Also huge kudos to Smooth and /u/exciter0 for going along with the idea.  Curious to see how this turns out and what happens to development efforts whenever the rebase happens... Exciting times though!

[bbc.reporter]

That is good news. I hope they find a good developer for the code rebase. Also, I would feel much safer for Aeon if the rebase was done by someone from the Monero development team.

In any case, here is a chart update. Aeon is fighting back!

[heggerZ]

That is good news. I hope they find a good developer for the code rebase. Also, I would feel much safer for Aeon if the rebase was done by someone from the Monero development team.

In any case, here is a chart update. Aeon is fighting back!

https://preview.ibb.co/m7SXzm/c8242d76_2bf5_4bd8_ab5c_7d6b5132cb21.png

TBH I am disappointed that smooth was not further on with the rebase. However, that aside and the fact that what appears is a hugely encouraging community effort in attracting talented developers on board, it is very positive news from r/Aeon that we will likely have the rebase from the current monero codebase fork in Q1 2018. With smooth engaging to control the rebase this is massively positive @ https://www.reddit.com/r/Aeon/comments/7lrsmx/guidelines_for_rebasing_efforts

Some say Bitcoin is gold to Litecoin silver. Some say Monero is gold to Aeon silver. Today, approximately, Litecoin is 1/50th value of bitcoin, Aeon is 1/100th value of Monero. Litecoin has 4:1 coin circulating supply of Bitcoin. Aeon has 1:1 coin circulating supply of Monero. Your trend-line may need some positive readjustment if the rebase delivers

[bbc.reporter]

No, I reckon those trendlines are fine for the longest of the long terms. What the price did in the past is what set those trendlines, why would I change it now that the code rebase is finally starting?

[phishead]

No, I reckon those trendlines are fine for the longest of the long terms. What the price did in the past is what set those trendlines, why would I change it now that the code rebase is finally starting?

It’s not “just starting”... Smooth said he had worked on it, but a lot of it needed to be polished up. Here’s a quote from Smooth in the katiecharm thread proposing the 40K bounty:

There was work done but it was really more of a proof of concept that got the Monero LMDB code to the point of syncing on the AEON network. However, if was very hack-ish, not maintainable, and didn't address issues that need handling like wallet compatibility, fixing some unit tests (instead a bunch were commented out rather than fix even compile-time issues) and migrating the fork framework for future forks (the original AEON hard fork was hard coded). So the plan has been to completely redo it. Unfortunately as everyone has seen I haven't had time to get back to that project.

I'm supportive of the idea of offering a bounty to other developers to do it. I do think that (assuming the price doesn't crash too much in this crypto correction we seem to be having) the existing 40K AEON (approx 160K USD) should be easily sufficient compensation for others to do it.

Rather than add even more from the dev fund, what I would propose is to have the dev fund take on a share of the pledged 40K bounty. It is certainly great that we have people such as exeter0 and katiecharm willing to donate more coins to get work done, I'd rather have them hold on to some of those coins and use for later projects. So my proposal on the 40K would be 10K each from the individual donors and 20K from the dev funds. There will be more projects that will benefit from generous donor support, so let's keep some powder dry.

Also here is Smooth’s thread on proposed guidelines of how the rebase/bounty should work:

https://www.reddit.com/r/Aeon/comments/7lrsmx/guidelines_for_rebasing_efforts/?st=JBK3H0FV&sh=1ee0ac27

[bbc.reporter]

@phishead. I reckon smooth said that he had a proof of concept. Meaning there would still be a lot of testing done before he can commit on a date when to release it.

I wish he was less busy so he could be more hands on in watching those developers do the code rebase. I am not that optimistic with them as they are not experienced in Cryptonote.

[Febo]

Hello. Not $5 per AEON yet? Okay, going back to bed.

That was a long sleep.

[Moon_Man]

nice AEON pump 

[Febo]

Price for the first time broke $8, we will see $10 soon.  there is lots of activity on AEON reddit lately. There also a post about hiring Translation specialist with pay or 100 AEON per month, what will be soon a lot.  https://www.reddit.com/r/Aeon/comments/7nra4v/hiring_aeon_translation_manager_apply_within/

[bbc.reporter]

Let us pray that the code rebase is a success and the new roadmap will bring Aeon to new highs. Let us also show that true community, decentralized cryptocoins can also shine in the present state of the cryptospace where ICOs and bankers rule.

I know I have some regret by sticking to my ideals, but I reckon I still made the right decision.

[boomboombazookajeff]

Let us pray that the code rebase is a success and the new roadmap will bring Aeon to new highs. Let us also show that true community, decentralized cryptocoins can also shine in the present state of the cryptospace where ICOs and bankers rule.

I know I have some regret by sticking to my ideals, but I reckon I still made the right decision.

I am also worried about the banker's influence in the cryptospace. I wonder how AEON will play out in all of this.

[NeuroticFish]

Some say Bitcoin is gold to Litecoin silver. Some say Monero is gold to Aeon silver. Today, approximately, Litecoin is 1/50th value of bitcoin, Aeon is 1/100th value of Monero. Litecoin has 4:1 coin circulating supply of Bitcoin. Aeon has 1:1 coin circulating supply of Monero. Your trend-line may need some positive readjustment if the rebase delivers

I don't see Litecoin as "the silver" of Bitcoin. Not anymore. Ethereum and Monero are much better suited for that. And, with so many bugs and issues, Ethereum will lose it. On the other side, Monero needs more aggressive advertising.

Don't forget that Monero had a long history of sub 2$ price. AEON already successfully broke that and much more. Don't be too impatient, good things have to happen to AEON, but at the right time.
AEON is much more than silver (and Monero is much better than gold too).

[phishead]

Some say Bitcoin is gold to Litecoin silver. Some say Monero is gold to Aeon silver. Today, approximately, Litecoin is 1/50th value of bitcoin, Aeon is 1/100th value of Monero. Litecoin has 4:1 coin circulating supply of Bitcoin. Aeon has 1:1 coin circulating supply of Monero. Your trend-line may need some positive readjustment if the rebase delivers

I don't see Litecoin as "the silver" of Bitcoin. Not anymore. Ethereum and Monero are much better suited for that. And, with so many bugs and issues, Ethereum will lose it. On the other side, Monero needs more aggressive advertising.

Don't forget that Monero had a long history of sub 2$ price. AEON already successfully broke that and much more. Don't be too impatient, good things have to happen to AEON, but at the right time.
AEON is much more than silver (and Monero is much better than gold too).

Is there any article that lists out all the issues with Ethereum? I remember the infamous “DAO hack” and other stuff like Vitalik reversing transactions or something like that, but I don’t really remember seeing anything else on ETH... especially articles that dare to criticize all mighty Vitalik.

[NeuroticFish]

Is there any article that lists out all the issues with Ethereum? I remember the infamous “DAO hack” and other stuff like Vitalik reversing transactions or something like that, but I don’t really remember seeing anything else on ETH... especially articles that dare to criticize all mighty Vitalik.

I never cared for a list, really. I've read here and there. They made me avoid Ethereum as much as I can.
I made some small google searches and I came with 2 links: https://www.coindesk.com/ethereum-bug-sends-smart-contracts-back-drawing-board/ and https://blog.comae.io/the-280m-ethereums-bug-f28e5de43513 although the second is more like a cousin of DAO than Ethereum direct issue.
And bitcointalk always had posts like this one: https://bitcointalk.org/index.php?topic=1855505.msg18465233#msg18465233 , some even better written.

[wavessurfing]

Price for the first time broke $8, we will see $10 soon.  there is lots of activity on AEON reddit lately. There also a post about hiring Translation specialist with pay or 100 AEON per month, what will be soon a lot.  https://www.reddit.com/r/Aeon/comments/7nra4v/hiring_aeon_translation_manager_apply_within/

waiting patiently.

[cAPSLOCK]

Some say Bitcoin is gold to Litecoin silver. Some say Monero is gold to Aeon silver. Today, approximately, Litecoin is 1/50th value of bitcoin, Aeon is 1/100th value of Monero. Litecoin has 4:1 coin circulating supply of Bitcoin. Aeon has 1:1 coin circulating supply of Monero. Your trend-line may need some positive readjustment if the rebase delivers

I don't see Litecoin as "the silver" of Bitcoin. Not anymore. Ethereum and Monero are much better suited for that. And, with so many bugs and issues, Ethereum will lose it. On the other side, Monero needs more aggressive advertising.

Don't forget that Monero had a long history of sub 2$ price. AEON already successfully broke that and much more. Don't be too impatient, good things have to happen to AEON, but at the right time.
AEON is much more than silver (and Monero is much better than gold too).

Is there any article that lists out all the issues with Ethereum? I remember the infamous “DAO hack” and other stuff like Vitalik reversing transactions or something like that, but I don’t really remember seeing anything else on ETH... especially articles that dare to criticize all mighty Vitalik.

Just a couple months ago some teenager 'accidentally' deleted over $300MM value of other people ETH.  No idea if that was also rolled back.

To be honest I sort of can't believe these sorts of things have not crushed ETH as a project:

https://hackernoon.com/yes-this-kid-really-just-deleted-150-million-dollar-by-messing-around-with-ethereums-smart-2d6bb6750bb9

[heggerZ]

That is good news. I hope they find a good developer for the code rebase. Also, I would feel much safer for Aeon if the rebase was done by someone from the Monero development team.

In any case, here is a chart update. Aeon is fighting back!

https://preview.ibb.co/m7SXzm/c8242d76_2bf5_4bd8_ab5c_7d6b5132cb21.png

Would be interested in the updated chart; guessing the current price of 50k+ satoshi is over the top of your current trend lines?

The developers for the re-base have gone very quite and I'm not sure if that is bad news or good news.

[bbc.reporter]

Some say Bitcoin is gold to Litecoin silver. Some say Monero is gold to Aeon silver. Today, approximately, Litecoin is 1/50th value of bitcoin, Aeon is 1/100th value of Monero. Litecoin has 4:1 coin circulating supply of Bitcoin. Aeon has 1:1 coin circulating supply of Monero. Your trend-line may need some positive readjustment if the rebase delivers

I don't see Litecoin as "the silver" of Bitcoin. Not anymore. Ethereum and Monero are much better suited for that. And, with so many bugs and issues, Ethereum will lose it. On the other side, Monero needs more aggressive advertising.

Don't forget that Monero had a long history of sub 2$ price. AEON already successfully broke that and much more. Don't be too impatient, good things have to happen to AEON, but at the right time.
AEON is much more than silver (and Monero is much better than gold too).

Is there any article that lists out all the issues with Ethereum? I remember the infamous “DAO hack” and other stuff like Vitalik reversing transactions or something like that, but I don’t really remember seeing anything else on ETH... especially articles that dare to criticize all mighty Vitalik.

Just a couple months ago some teenager 'accidentally' deleted over $300MM value of other people ETH.  No idea if that was also rolled back.

To be honest I sort of can't believe these sorts of things have not crushed ETH as a project:

https://hackernoon.com/yes-this-kid-really-just-deleted-150-million-dollar-by-messing-around-with-ethereums-smart-2d6bb6750bb9

I reckon another roll back would require another hardfork. Vitalik again would be risking another chain split that will create Ethereum Classic 2 hehehe. It would also not be good for their image and with Ethereum now a billion dollar blockchain, I speculate that they will not risk it anymore.

@heggerZ. For now, use your imagination hehe.