[ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts

[MagicSmoker]

Correct. PoS in my opinion encourages hoarding of the coins rather than distribution, whether by outright sale on an exchange or in transactions for goods. It's part of the reason that raising interest rates generally cools down inflation (or at least so the Fed thinks). It encourages saving rather than spending.

Actually it's to slow down velocity of circulating supply (kind of like PoS). It's kind of used to hide inflation that has happened already, not really lower it. It's really just semantics at this point but I wanted to feel like I was part of the conversation.

M2, IIRC... but it's been a loooong time since I took an economics class.

In other news, that's a helluva spike in price for DERO today. And not to give out any financial advice, but I sold a fraction of the 300 coins I bought a few days ago so the remainder effectively cost me nothing to acquire. I have to admit I am a bit puzzled at the extreme strength today, despite there not being any notable news (except the Atlantis announcement, but that was a couple days ago) and the massive increase in network hashrate (I saw 132MH/s at one point today!?!). My theory that ASIC miners dump their coins as fast as they mine them seems to be suffering from a reality that does not agree.

[1714250437]

1714250437

[1714250437]

1714250437

[1714250437]

1714250437

[krypt0id]

Correct. PoS in my opinion encourages hoarding of the coins rather than distribution, whether by outright sale on an exchange or in transactions for goods. It's part of the reason that raising interest rates generally cools down inflation (or at least so the Fed thinks). It encourages saving rather than spending.

Actually it's to slow down velocity of circulating supply (kind of like PoS). It's kind of used to hide inflation that has happened already, not really lower it. It's really just semantics at this point but I wanted to feel like I was part of the conversation.

M2, IIRC... but it's been a loooong time since I took an economics class.

In other news, that's a helluva spike in price for DERO today. And not to give out any financial advice, but I sold a fraction of the 300 coins I bought a few days ago so the remainder effectively cost me nothing to acquire. I have to admit I am a bit puzzled at the extreme strength today, despite there not being any notable news (except the Atlantis announcement, but that was a couple days ago) and the massive increase in network hashrate (I saw 132MH/s at one point today!?!). My theory that ASIC miners dump their coins as fast as they mine them seems to be suffering from a reality that does not agree.

That seems pretty accurate. The atlantis news would have taken a while to catch on though and the ASICs probably panic sold a bunch trying to get the top. I think this is Atlantis related and some new groups are aware now not to mention the fact that coinmarketcap is coming soon.

[Speedie]

Perhaps news got out that it's now possible to withdraw them more than 20 at a time if you buy a bunch LOL. I'm assuming it's part Atlantis, part Alts in general doing well, and part GPU / CPU miners essentially being shut out from mining and dumping. Though it does seem odd that ASIC miners who are, presumably, desperate to cover the cost of their purchases aren't dumping into the strength.

[fellestreum]

Perhaps news got out that it's now possible to withdraw them more than 20 at a time if you buy a bunch LOL. I'm assuming it's part Atlantis, part Alts in general doing well, and part GPU / CPU miners essentially being shut out from mining and dumping. Though it does seem odd that ASIC miners who are, presumably, desperate to cover the cost of their purchases aren't dumping into the strength.

My theory is that the ASIC miners don't mine Dero directly.  They sell their hashpower on nicehash to the highest bidder (what else would explain the large amount of Cryptonight hashpower still for sale on nicehash) and thereby earn bitcoin directly and immediately, which is what they really want, and without dumping on any market.  They are therefore pretty insensitive to price spikes on individual coins like Dero.  The price spike seems entirely independent, probably due to the reasons already mentioned.

[Speedie]

Perhaps news got out that it's now possible to withdraw them more than 20 at a time if you buy a bunch LOL. I'm assuming it's part Atlantis, part Alts in general doing well, and part GPU / CPU miners essentially being shut out from mining and dumping. Though it does seem odd that ASIC miners who are, presumably, desperate to cover the cost of their purchases aren't dumping into the strength.

My theory is that the ASIC miners don't mine Dero directly.  They sell their hashpower on nicehash to the highest bidder (what else would explain the large amount of Cryptonight hashpower still for sale on nicehash) and thereby earn bitcoin directly and immediately, which is what they really want, and without dumping on any market.  They are therefore pretty insensitive to price spikes on individual coins like Dero.  The price spike seems entirely independent, probably due to the reasons already mentioned.

Seems as plausible as any other possibility. 2BTC buy wall at 25,000 Sats now. And I was griping about buying at 6,000 Sats late last week.

[krypt0id]

Perhaps news got out that it's now possible to withdraw them more than 20 at a time if you buy a bunch LOL. I'm assuming it's part Atlantis, part Alts in general doing well, and part GPU / CPU miners essentially being shut out from mining and dumping. Though it does seem odd that ASIC miners who are, presumably, desperate to cover the cost of their purchases aren't dumping into the strength.

My theory is that the ASIC miners don't mine Dero directly.  They sell their hashpower on nicehash to the highest bidder (what else would explain the large amount of Cryptonight hashpower still for sale on nicehash) and thereby earn bitcoin directly and immediately, which is what they really want, and without dumping on any market.  They are therefore pretty insensitive to price spikes on individual coins like Dero.  The price spike seems entirely independent, probably due to the reasons already mentioned.

Seems as plausible as any other possibility. 2BTC buy wall at 25,000 Sats now. And I was griping about buying at 6,000 Sats late last week.

Isn't that always how it goes? Well, at least you were buying.

[MagicSmoker]

My theory is that the ASIC miners don't mine Dero directly.  They sell their hashpower on nicehash to the highest bidder (what else would explain the large amount of Cryptonight hashpower still for sale on nicehash) and thereby earn bitcoin directly and immediately, which is what they really want, and without dumping on any market.  They are therefore pretty insensitive to price spikes on individual coins like Dero.  The price spike seems entirely independent, probably due to the reasons already mentioned.

Seems as plausible as any other possibility. 2BTC buy wall at 25,000 Sats now. And I was griping about buying at 6,000 Sats late last week.

Just 2-3 weeks ago the Atlantis announcement might have staunched the bleeding for a few hours, the market was in such a funk; now it's good for a 6-bagger, to use the old Peter Lynch terminology.

My purchase of 300 DERO at 4800 Sats was supposed to be the first of several increasingly large purchases to be made over the next couple of weeks because I fully expected price to trend downward from the ASICs; instead it looks like I bought at or near the bottom!

[mroctopus]

My theory is that the ASIC miners don't mine Dero directly.  They sell their hashpower on nicehash to the highest bidder (what else would explain the large amount of Cryptonight hashpower still for sale on nicehash) and thereby earn bitcoin directly and immediately, which is what they really want, and without dumping on any market.  They are therefore pretty insensitive to price spikes on individual coins like Dero.  The price spike seems entirely independent, probably due to the reasons already mentioned.

Seems as plausible as any other possibility. 2BTC buy wall at 25,000 Sats now. And I was griping about buying at 6,000 Sats late last week.

Just 2-3 weeks ago the Atlantis announcement might have staunched the bleeding for a few hours, the market was in such a funk; now it's good for a 6-bagger, to use the old Peter Lynch terminology.

My purchase of 300 DERO at 4800 Sats was supposed to be the first of several increasingly large purchases to be made over the next couple of weeks because I fully expected price to trend downward from the ASICs; instead it looks like I bought at or near the bottom!

lucky you

[--Serena--]

I'm happy to say that Dero should be listed on Coinmarketcap in the next 24 hours!

[skyr1der]

Hmm will dero frok to any other version of cryptonight soon ?

[--Serena--]

Hmm will dero frok to any other version of cryptonight soon ?

Please see: https://forum.dero.io/t/dero-monthly-update/446

[--Serena--]

                                                   

How to start using Dero                Downloads                Whitepaper                Support      

About DERO  

The Dero Project has written a unique new blockchain technology that is based on the CryptoNote protocol. Dero's goal is to create a unique state of the art blockchain technology with enhanced reliability, privacy, security, usability, and portability by bringing together some of the best proven technologies like the CryptoNote protocol and smart contracts, thereby allowing for the creation of truly private smart contracts.

The Dero development team has implemented complete SSL across the Dero network which is a first on any blockchain. This encrypts the entirety of our network traffic, which greatly reduces our attack surface, while simultaneously preventing ISPs or other users from analyzing Dero’s network traffic.

Dero's Key Features  

• DERO is a completely new and unique CryptoNote blockchain written in Golang
• DERO is the first blockchain to have complete SSL in the P2P layer
• DERO will be the first CryptoNote blockchain to have 500 transactions per second on its native blockchain without any lightning networks, validators or off-blockchain solutions
• DERO will be first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains
• CryptoNote privacy
• Smart contracts
• Atomic swaps
• Mobile and offline wallets
• Lightweight wallets
• Subaddresses
• Escrow services on the blockchain
• Address signing and certifying
• Voting on a private blockchain

About The Developers  

There are three developers working on the Dero Project who have been working in the field of cryptography and blockchain development as a team for more than a decade. Dero's research and development team are devoted full time to the project, and can often be found in our Slack channel. For now, the development team are choosing to retain their privacy until the Dero Project incorporates.

Coin Specifications  

 

• Proof-of-work (PoW) algorithm: CryptoNight
• Max supply: 18.4 million for the first 8 years followed by an infinite emission rate after year 8 of ~157,000 DERO/year
• Block reward: Smoothly varying
• Block time: 120 seconds
• Difficulty: Retargets at every block
• Ticker: DERO

Dero's Roadmap  

 

• Q1/2018 - Dero's new unique blockchain written and full Activation. - Completed ahead of schedule with the extra addition of complete SSL across Dero's network
• Q2/2018 - Record CryptoNote TX/sec, GUI wallets, sub addresses, atomic swaps, and smart contract testing.
• Q3/2018 - Smart contract support on chain. Q3 2018.
• Q4/2018 - Strategic market expansion, team growth, and more (coming soon).

Dero Related Links  

Resource Links  

WEBSITE: https://dero.io/
FORUM: https://forum.dero.io/
EXPLORER: https://explorer.dero.io
OFFICIAL POOL: http://pool.dero.live/
BINARIES: http://seeds.dero.io/alpha/

Exchanges & Stats:

EXCHANGE: https://stocks.exchange/trade/DERO/BTC
EXCHANGE: https://www.southxchange.com/Balance/Index/DERO
Stats: https://coincodex.com/crypto/dero/
Stats: https://www.difficultychart.com/dero
Stats: https://www.cryptunit.com/coin/DERO

Articles and Media Content  

Dero: A new blockchain technology that brings CryptoNote privacy together with smart contracts.


Shifting from alpha to beta: CryptoNote with smart contracts



Support

[roberval123]

https://coinmarketcap.com/currencies/dero/

Nice!!!   

[itslukebenz]

To be fairly honest with you all, I'm all for the idea of mooning and love to see the price at $2.85 but something's kind of fishy now isn't it? 170 MH/s? No regular miners can keep up with that. Anyway, I'll sit back and watch the show. 

[skylar]

170 MH/s? No regular miners can keep up with that. Anyway, I'll sit back and watch the show. 

luckily I was mined this coin at the first stage, the network hashrate was so crazy at this moment. just hold some of this coin, and wait for any development news. anyway when this blockchain will kill the asic monster miners? so I can mine this coin again/

[--Serena--]

170 MH/s? No regular miners can keep up with that. Anyway, I'll sit back and watch the show.  

luckily I was mined this coin at the first stage, the network hashrate was so crazy at this moment. just hold some of this coin, and wait for any development news. anyway when this blockchain will kill the asic monster miners? so I can mine this coin again/

Please see: https://forum.dero.io/t/dero-monthly-update/446/

[Hopebrignt]

Hey guys,

how to reduce the transfer fee?

[fellestreum]

Higher network hashrates and higher prices seem to be the new reality for Dero.  Is it so much to believe that this is simply the momentum of Dero by itself?  Where do you think prices will be after coinmarketcap and Atlantis updates?  CaptDero has "Built it and they will come" in his signature.  Not for nothing, it seems.

[Cryptocurrencies News]

Dero added to CoinMarketCap
https://coinmarketcap.com/currencies/dero/

[korm]

Higher network hashrates and higher prices seem to be the new reality for Dero.  Is it so much to believe that this is simply the momentum of Dero by itself?  Where do you think prices will be after coinmarketcap and Atlantis updates?  CaptDero has "Built it and they will come" in his signature.  Not for nothing, it seems.

IMHO Pump and Dump