[AEON] Aeon Speculation

[Febo]

I tried mining AEON using the CPU... but it is a waste of time and electricity coz very slow mining... the AEON vs USD is nearly 3 USD...

Most people mine for future. You pay electricity today and value your coin 3 years from now. It will be really profitable.

[1714056607]

1714056607

[1714056607]

1714056607

[1714056607]

1714056607

[1714056607]

1714056607

[1714056607]

1714056607

[bbc.reporter]

@bbc.reporter you called the weak hands a while ago. Happy to see my buy orders hit @28k sats. Feels like a good price for now.

It's not low enough for me hehehe. Some of my bids were closed but I still have some smaller ones waiting near 25k satoshis.

If there is an unhappy Aeon holder out there, dump them to 25k hehe.

I reckon once the code rebase is finally implemented, we would not be seeing Aeon trading below 30k satoshis anymore.

To anyone who has not bought in yet, buy now or regret missing this opportunity.

[Febo]

To anyone who has not bought in yet, buy now or regret missing this opportunity.

AEON under $3 again. Seems great time for all that did not filled their bags in past.  We will most likely see it over $10 this year.

[Tiennou74]

AEON seems to me has a great future ahead so it is better to buy and hold some AEON ! It might be 10 $ soon
So buy and Hold it for better profit !

Happy Trading
Thanks
Regards

[bbc.reporter]

To anyone who has not bought in yet, buy now or regret missing this opportunity.

AEON under $3 again. Seems great time for all that did not filled their bags in past.  We will most likely see it over $10 this year.

That's what I have been telling everyone, but sadly it does not look like they're listening hehehe.

But who can really blame them? The market today is in for ICOs and faster moving coins to make quick profits. Aeon's development is also so slow making it look like it's dead.

[bbc.reporter]

Chart update. We are down. Some cheeky bastard thought it might be a good idea to dump his coins on us in a time when Aeon needs the support most.

I am happy that my bids were all taken, but I am not so happy of where the market might take us next. I expect it to move below 20k satoshis.

[SparkIt]

Hi, guys! How are your mood? Volumes shrunk to a point. As soon as bitcoin will show a long-awaited increase, I think aeon is also not forced to wait long. The coin a long time above 20K satoshis and doesn't go below.

[bbc.reporter]

@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.

[estenity]

@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.

I am not sure. as you say uncertainty is now the situation, and aeon needs to consolidate first.
afterwards initiatives could be launched, worth it only if the global market improves.

[SparkIt]

Thank you for opinions! Unfortunately, the market still doesn't create conditions for the start of buys. I look at statistics of pool and see difficulty has decreased significantly over the past week. But I'm still optimistic expect the rally start.

[Febo]

@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.

Code rebase will do a lot since then exchanges will be able to add AEON.  It will actually become an usable coin. And small blockchain will give you chance to fast sync full node.  I dont see a reason why not it would also become useful to some.

[SparkIt]

@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.

Code rebase will do a lot since then exchanges will be able to add AEON.  It will actually become an usable coin. And small blockchain will give you chance to fast sync full node.  I dont see a reason why not it would also become useful to some.

That's I reasoned with myself last year.
 
I thought "damn it, it's fast Monero only without GUI. When will a usability the coin will fly up." And I was very glad that these arguments let me more than recoup the investment. In fact, it would be my best investment, but I decided that even $8 is not the goal to which the coin goes and I sold only 15% of the balance.

I'm still sure AEON has the future.

[chennan]

@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.

Code rebase will do a lot since then exchanges will be able to add AEON.  It will actually become an usable coin. And small blockchain will give you chance to fast sync full node.  I dont see a reason why not it would also become useful to some.

That's I reasoned with myself last year.
 
I thought "damn it, it's fast Monero only without GUI. When will a usability the coin will fly up." And I was very glad that these arguments let me more than recoup the investment. In fact, it would be my best investment, but I decided that even $8 is not the goal to which the coin goes and I sold only 15% of the balance.

I'm still sure AEON has the future.

I totally agree with all of this, but let me try to add one more thing on top of all of that.  There are so many academics in the core team and research lab over at Monero that will eventually come across some contradicting ideas as to code improvements.  I think you can almost be certain that Monero will always chose the most secure ways to be anonymous which might bloat the block chain even with bullet proofs down the road. 

We can never know what new PoW schemes they might figure out to be more secure, or even quantum resistant that doesn't require trusted set ups...

However, you can be sure the Aeon will choose the more light weight and "mobile friendly" routes while benefiting from the code "options" we get downstream because of using the same code base (at least for right now).

[bbc.reporter]

@SparkIt. Aeon is presently back in a situation of uncertainty and it could clearly go below 20k satoshis. It's also showing that the code rebase will not change anything, but let's see what the community decides on ASICs. It might be Aeon's chance to get out of Monero's shadow and get the market's attention.

Code rebase will do a lot since then exchanges will be able to add AEON.  It will actually become an usable coin. And small blockchain will give you chance to fast sync full node.  I dont see a reason why not it would also become useful to some.

I do hope so for all our hard work holding and self interests in mind hehehe. But seriously, Aeon needs to move out of Monero's shadow to be its own project.

In any case, my bids below 20k satoshis are waiting. Come get them.

[SparkIt]

In any case, my bids below 20k satoshis are waiting. Come get them.

 

I'm not sure that here You will find people willing to help this Your bids.

[SparkIt]

Two graphics:


August 8



Today



Pay attention to volumes in peak areas.

For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.

[Febo]

For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.

Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.


Actually in last 8 months 750k BTC was mined. So is not that much off actually.   Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months.  That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.

[chennan]

For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.

Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.


Actually in last 8 months 750k BTC was mined. So is not that much off actually.   Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months.  That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.

What’s more intriguing is the fact that there is the 18.6(?) limit of coins plus tail emission to account for with both AEON and Monero. So you can compare the emissions with both BTC and AEON/XMR, but you must keep in mind that 18.6 mil cap.

[bbc.reporter]

@Febo. I am not as optimistic on Aeon this year after the Bitmain Cryptonote ASICs exposé. As the smaller project, I reckon Aeon can adjust more quickly if it embraces the use of ASICs.

I read katiecharms' post about changing the mining algorithm to stop ASICs and then decide to use an ASIC friendly algorithm if the plan doesn't work.

It will not work, I reckon. The ASICs are coming.

[SparkIt]

For 8 months the issue was 1100 coins. Max supply marked at 18,4 million coins. That is for 8 months 6% of volume was mined. Given a meager sales volumes, but a large drawdowns, I conclude that Aeon emission is too large and don't give the price to hold at high values.
For example, during the same period, less than 2% BTC was mined.

Yes 1.1 million AEON was mined in last 8 months. What was not that huge, was way more in first 3 years. But emision is drastically slowing down. There will be way less mined in next 8 months. and then even less in additional 8 months.


Actually in last 8 months 750k BTC was mined. So is not that much off actually.   Bitcoin emision increased 4.4% in last 8 months. AEON emision increased 7% in last 8 months.  That is a difference but not drastic. And AEON will catch BTC before next BTC halving for sure.

What’s more intriguing is the fact that there is the 18.6(?) limit of coins plus tail emission to account for with both AEON and Monero. So you can compare the emissions with both BTC and AEON/XMR, but you must keep in mind that 18.6 mil cap.

What will happen to the coin when the supply reaches the limit?
Will the Aeon network able process transactions without miners?

I understand that this isn't the new question, and it's relevant for any POW-coin. Where I can read reflections on this?