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Author Topic: [ANN][MONA] Monacoin LAUNCHING 2014/01/01 0:00 GMT  (Read 283553 times)
motty
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May 10, 2023, 04:42:34 AM
Last edit: May 14, 2023, 07:27:20 PM by motty
 #2301

Activating Taproot is easy.
Big miners should adopt core v24.0. That's all.  Smiley

You're basically trying to cause a fork in Monacoin by bypassing the standard consensus mechanisms. I don't expect any miner to "upgrade" to your version of the core software until it is expressly labeled in https://github.com/monacoinproject/monacoin.

Monaparty is already very well established; Monacoin does not need Ordinals IMO.


Your view that you don't need the Ordinals is narrow-minded. Ordinals is just the beginning. The future Taproot opens up is much bigger.
Do you know that monacoin mining is highly centralized? Adopting it by a large miner means securing 99% of the mining share.
In short, at that moment Taproot is activated.

Well, total hash rate has been a concern for years, but the miners themselves seem to be fairly well distributed



You're glossing over the point that you bypassed the standard means of achieving consensus within a coin's development. You didn't check with any of the Monacoin developers to see if they thought this was a good idea or not, you just did it.


This figure only shows the allocation by address.
Moreover, the share shows an extremely unnatural distribution.
Most of the addresses shown here are from one farm. The farm probably uses a different address for each controller in the rack.
And this figure shows that the hashing power per rack is almost the same.
Therefore, there is no problem.  Smiley


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motty
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May 13, 2023, 05:56:07 AM
 #2302

Monacoin Ordinals has been released

https://github.com/monacoin-core/ord-monacoin/releases

Using monacoin core v24.0, it is possible to test with private Signet and Regtest.
I think it would be a good idea to prepare for the day when monacoin activates Taproot, such as the development of the NFT marketplace and MRC-20 tokens.

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May 14, 2023, 03:23:25 AM
 #2303

Monacoin Ordinals has been released

https://github.com/monacoin-core/ord-monacoin/releases

Using monacoin core v24.0, it is possible to test with private Signet and Regtest.
I think it would be a good idea to prepare for the day when monacoin activates Taproot, such as the development of the NFT marketplace and MRC-20 tokens.

Nobody's gonna use this. You don't even offer a proper explanation of what it is -- are just directing people to the Ordinals documentation. Monacoin already has an NFT marketplace and strong, bustling culture by way of Monaparty.



This *RC-20 stuff is just for degens, which aren't a part of Monacoin culture as far as I can tell.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
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motty
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May 14, 2023, 07:49:20 PM
 #2304

Monacoin Ordinals has been released

https://github.com/monacoin-core/ord-monacoin/releases

Using monacoin core v24.0, it is possible to test with private Signet and Regtest.
I think it would be a good idea to prepare for the day when monacoin activates Taproot, such as the development of the NFT marketplace and MRC-20 tokens.

Nobody's gonna use this. You don't even offer a proper explanation of what it is -- are just directing people to the Ordinals documentation. Monacoin already has an NFT marketplace and strong, bustling culture by way of Monaparty.

This *RC-20 stuff is just for degens, which aren't a part of Monacoin culture as far as I can tell.

Monaparty is a fork of Bitcoin Counterparty.
Ordinals gained overwhelming support in Bitcoin. What is the reason?
Traditional NFTs such as Monaparty store images in external databases such as IPFS and imger. It is just a URL that is recorded in the blockchain.
How reliable and permanent are external databases really? This is a headache.
Ordinals, on the other hand, records images directly on the L1 blockchain. Therefore, anyone can understand that it is irreversible and permanent.
Ordinals gained overwhelming support because of this property.

It is not up to you to decide whether or not users use Ordinals.


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nutildah
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May 15, 2023, 02:35:53 PM
 #2305

Ordinals gained overwhelming support in Bitcoin.

LOL it did not. Bitcoiners for the most part hate ordinals. It just adds spam to the blockchain while increasing transaction fees for normal users who wish to use BTC as a currency. It's a very brutish way of using a blockchain. There are more elegant solutions already available.

Traditional NFTs such as Monaparty store images in external databases such as IPFS and imger. It is just a URL that is recorded in the blockchain.

Yes and this approach has been working well since 2018. Why change it?

It is not up to you to decide whether or not users use Ordinals.

You're right, its not. I'm just saying don't be surprised if nobody wants to use your fork software.

Regardless, you didn't even properly label your software package. It looks hella shady the way it currently is. You need to adequately describe to people what you are offering them.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
motty
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May 16, 2023, 04:56:16 AM
 #2306

You're right, its not. I'm just saying don't be surprised if nobody wants to use your fork software.

Regardless, you didn't even properly label your software package. It looks hella shady the way it currently is. You need to adequately describe to people what you are offering them.

I don't expect many people to use my software, but some will try.

My software is monacoin itself. See the code if in doubt. I'm not going to explain further.

Until monacoinproject distributes the latest bitcoin compliant monacoin, I will distribute it there.

The purpose is nothing more and nothing less.  Smiley

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motty
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May 22, 2023, 07:08:47 PM
 #2307

Monacoin Core 25.0rc2 for test use released

Basic testing is complete.
Thank you for your cooperation in testing.  Wink

Note: Do not use P2TR address(bech32m) in main net until Taproot is activated.

Download: https://github.com/monacoin-core/monacoin/releases





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motty
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May 25, 2023, 10:24:49 PM
 #2308

Monacoin Core v25.0.1 has been released

Release notes:
https://github.com/monacoin-core/monacoin/blob/master/25.0/doc/release-notes.md

Download:
https://github.com/monacoin-core/monacoin/releases

Note:
Taproot transactions will not be confirmed until the main miners upgrade their cores, resulting in waiting in the mempool for a period of time.





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