Bitcoin Forum
May 24, 2019, 10:45:44 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 ... 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 [766] 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 ... 2039 »
  Print  
Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4560734 times)
e-coinomist
Legendary
*
Offline Offline

Activity: 1652
Merit: 1052


Money often costs too much.


View Profile
October 05, 2014, 05:51:04 AM
 #15301

"Craptsy" has graduated to Cryptsy over here now?  Wink

Times are changing, memories are fading.

As an elephant graveyard it suits enough
1558737944
Hero Member
*
Offline Offline

Posts: 1558737944

View Profile Personal Message (Offline)

Ignore
1558737944
Reply with quote  #2

1558737944
Report to moderator
GET 25 FREE SPINS AT REGISTRATION
GET 100% BONUS ON FIRST DEPOSIT
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Quicken
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
October 05, 2014, 11:57:04 AM
 #15302

Monero was worth roughly $2.25 not so long ago. We are now below $1 per coin.
Worst part is it Bitcoin itself has lost a ton of value and not even in a crash; but just a steady decline.

Yes, but that was in response to multiple attacks on Monero which I would say it has weathered fairly well. I haven't sold any, and bought another chunk when the price started to dip while I was on holiday a couple of weeks ago. If it is still this low tomorrow I will buy some more. It's still high enough that I'm comfortable, but it's so cheap on the fundamentals.

I also expect BTC to recover when the next global economic shockwave hits (if not before), but that's another story.
smooth
Legendary
*
Offline Offline

Activity: 2142
Merit: 1129



View Profile
October 05, 2014, 11:59:22 AM
 #15303

Monero was worth roughly $2.25 not so long ago. We are now below $1 per coin.
Worst part is it Bitcoin itself has lost a ton of value and not even in a crash; but just a steady decline.

Yes, but that was in response to multiple attacks on Monero which I would say it has weathered fairly well.

In reality it likely has more to do with a general bear market in cryptos. The attacks and threats have some effect, but I would rate them as secondary at this point.



drawingthesun
Legendary
*
Offline Offline

Activity: 1134
Merit: 1002


View Profile
October 05, 2014, 12:01:15 PM
 #15304

So there is talk on the poloniex trollbox about changing the Monero emission rate to be slower.

Any thoughts about this? The great rpietila seems to be an advocate of emission rate change.
generalizethis
Legendary
*
Offline Offline

Activity: 1708
Merit: 1031


Facts are more efficient than fud


View Profile WWW
October 05, 2014, 12:04:43 PM
 #15305

Monero was worth roughly $2.25 not so long ago. We are now below $1 per coin.
Worst part is it Bitcoin itself has lost a ton of value and not even in a crash; but just a steady decline.

Yes, but that was in response to multiple attacks on Monero which I would say it has weathered fairly well.

In reality it likely has more to do with a general bear market in cryptos. The attacks and threats have some effect, but I would rate them as secondary at this point.





Agreed, I think some weak hands were looking for a reason to sell out, and the Russia ban provided an impetus. It reminds me of the reaction to the incessant China bans from a few months back.

smooth
Legendary
*
Offline Offline

Activity: 2142
Merit: 1129



View Profile
October 05, 2014, 12:06:44 PM
Last edit: October 05, 2014, 12:30:56 PM by smooth
 #15306

So there is talk on the poloniex trollbox about changing the Monero emission rate to be slower.

Any thoughts about this? The great rpietila seems to be an advocate of emission rate change.

People can discuss, but there is no actual plan right now to do this.

EDIT: corrected typo to no actual plan
Cryptobro
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
October 05, 2014, 12:11:02 PM
 #15307

So there is talk on the poloniex trollbox about changing the Monero emission rate to be slower.

Any thoughts about this? The great rpietila seems to be an advocate of emission rate change.

People can discuss, but there is actual plan right now to do this.



do you mean NO actual plan right now?
oda.krell
Legendary
*
Offline Offline

Activity: 1470
Merit: 1007



View Profile
October 05, 2014, 12:19:24 PM
 #15308

So there is talk on the poloniex trollbox about changing the Monero emission rate to be slower.

Any thoughts about this? The great rpietila seems to be an advocate of emission rate change.

People can discuss, but there is actual plan right now to do this.



do you mean NO actual plan right now?

pretty sure that's what he meant. it's what he said previously, as well.

Not sure which Bitcoin wallet you should use? Get Electrum!
Electrum is an open-source lightweight client: fast, user friendly, and 100% secure.
Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
smooth
Legendary
*
Offline Offline

Activity: 2142
Merit: 1129



View Profile
October 05, 2014, 12:30:20 PM
 #15309

So there is talk on the poloniex trollbox about changing the Monero emission rate to be slower.

Any thoughts about this? The great rpietila seems to be an advocate of emission rate change.

People can discuss, but there is actual plan right now to do this.



do you mean NO actual plan right now?

Duh, yes. Horrible typo. I will edit above.

Nekomata
Member
**
Offline Offline

Activity: 99
Merit: 10


View Profile
October 05, 2014, 01:50:46 PM
Last edit: April 19, 2015, 05:27:00 AM by Nekomata
 #15310

XMR is the future.
NewLiberty
Legendary
*
Offline Offline

Activity: 1204
Merit: 1001


Gresham's Lawyer


View Profile WWW
October 05, 2014, 02:10:14 PM
 #15311

So there is talk on the poloniex trollbox about changing the Monero emission rate to be slower.

Any thoughts about this? The great rpietila seems to be an advocate of emission rate change.

People can discuss, but there is no actual plan right now to do this.

EDIT: corrected typo to no actual plan


As price is already going down I see no reason to keep with the current emission as the only argument was so save some holders against possible dumps if it happened.

Its not the only argument.
Saving holders from dumps wouldn't be a persuasive argument in its own right anyway.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
Nekomata
Member
**
Offline Offline

Activity: 99
Merit: 10


View Profile
October 05, 2014, 02:18:35 PM
Last edit: April 19, 2015, 05:27:00 AM by Nekomata
 #15312

XMR is the future.
drawingthesun
Legendary
*
Offline Offline

Activity: 1134
Merit: 1002


View Profile
October 05, 2014, 02:22:21 PM
 #15313

If rpietila wants to change emission curve, and we also don't want to come off as preminers, couldn't we instead do this:

Change the initial supply to 36 million over 20 years, or even 72 million over 50 years?

This way us early holders won't be called preminers, and the supply won't hit 70% in 4 years time.

I think we should also make the minimum block reward 1 monero, and not <1 monero such as it is now.
drawingthesun
Legendary
*
Offline Offline

Activity: 1134
Merit: 1002


View Profile
October 05, 2014, 02:27:15 PM
 #15314

If rpietila wants to change emission curve, and we also don't want to come off as preminers, couldn't we instead do this:

Change the initial supply to 36 million over 20 years, or even 72 million over 50 years?

This way us early holders won't be called preminers, and the supply won't hit 70% in 4 years time.

I think we should also make the minimum block reward 1 monero, and not <1 monero such as it is now.

This is a good idea, changing the final block reward to keep minting 1 monero until its 36mm.

No no, the 1 xmr is forever (immortal) after the initial 18 mil is mined (or initial 36 mil, if that becomes the new initial emission rate)
bigj
Full Member
***
Offline Offline

Activity: 198
Merit: 100



View Profile
October 05, 2014, 02:45:17 PM
 #15315

If rpietila wants to change emission curve, and we also don't want to come off as preminers, couldn't we instead do this:

Change the initial supply to 36 million over 20 years, or even 72 million over 50 years?

This way us early holders won't be called preminers, and the supply won't hit 70% in 4 years time.

I think we should also make the minimum block reward 1 monero, and not <1 monero such as it is now.

This is a good idea, changing the final block reward to keep minting 1 monero until its 36mm.

No no, the 1 xmr is forever (immortal) after the initial 18 mil is mined (or initial 36 mil, if that becomes the new initial emission rate)

Playing around with the foundation of a (already established) currency, e.g., its emission curve or so, causes uncertainty, which in turn leads to drowning prices. Well done. Again, for what reason (other than speculation) is this discussed?

Nekomata
Member
**
Offline Offline

Activity: 99
Merit: 10


View Profile
October 05, 2014, 02:47:51 PM
Last edit: April 19, 2015, 05:26:34 AM by Nekomata
 #15316

XMR is the future.
Anon136
Legendary
*
Offline Offline

Activity: 1652
Merit: 1210



View Profile
October 05, 2014, 02:51:41 PM
 #15317

If rpietila wants to change emission curve, and we also don't want to come off as preminers, couldn't we instead do this:

Change the initial supply to 36 million over 20 years, or even 72 million over 50 years?

This way us early holders won't be called preminers, and the supply won't hit 70% in 4 years time.

I think we should also make the minimum block reward 1 monero, and not <1 monero such as it is now.

This is a good idea, changing the final block reward to keep minting 1 monero until its 36mm.

No no, the 1 xmr is forever (immortal) after the initial 18 mil is mined (or initial 36 mil, if that becomes the new initial emission rate)

Changing the total number of monero that will be created would be a breach of trust with all current holders. Changing the emission curve so that that same total amount was generated over a different time frame would not be as bad. But we really shouldn’t even be considering changing the total money supply.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
TrueCryptonaire
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
October 05, 2014, 02:55:52 PM
 #15318

I think the main argument on changing the emission is the coin will die in a few years when it is almost mined into dryness.
Sure I can take the current inflation and buy little by little more but then there is an issue of community premine, too.
It is fairer for the next adoptors to get some inflation, too. They most likely do not want to be the reason for price increase.

Touching the total coin supply is too horryfying idea even to consider.
NewLiberty
Legendary
*
Offline Offline

Activity: 1204
Merit: 1001


Gresham's Lawyer


View Profile WWW
October 05, 2014, 03:12:36 PM
 #15319

So there is talk on the poloniex trollbox about changing the Monero emission rate to be slower.

Any thoughts about this? The great rpietila seems to be an advocate of emission rate change.

People can discuss, but there is no actual plan right now to do this.

EDIT: corrected typo to no actual plan


As price is already going down I see no reason to keep with the current emission as the only argument was so save some holders against possible dumps if it happened.

Its not the only argument.
Saving holders from dumps wouldn't be a persuasive argument in its own right anyway.

either way I see no reason to Monero keep its contract, everybody that hates Monero will keep on hatin and who likes Monero will keep going on or not, its pretty disgusting to read the amount of trolls that hate a coin, fuck them, it doesnt matter because price is way down, if the the majority of the community decides in favor of changing and the devs do it, I see no reason to not.

So you 1) wish a vote to be taken, 2) have a vote preference you advocate here for contract breaking, others may reasonably disagree with either 1 or 2, but even more important for me are...  
3) Change it to what, and why?
4) How to do this.
Does anyone know what the "right" emission rate is?  With a sufficiently good answer to (3), then your (1) and (2) become easier.  Without a sufficiently good answer to (3), we will be right back here in this discussion again later.

It may be fine and well to keep revisiting this topic, over and over again into the future, and keep working on fixing and perfecting the emission rate.  

Further, this ought be everyone's expectation if we do (1) and (2) without a definitive (3) (which I'd argue doesn't exist today)  The mechanism (4) for making these changes, and the reasons for making them will be important.  It would essentially create a somewhat de-centralized banking function to the coin that is forever changing the inflation rate in attempts to optimize the economy.

This would present an important innovation in alt coin development that will be impossible for the crypto currency world to ignore, for good or ill.  Get it right, and XMR may continue its rise to leadership.  Bungle (4) at it's great peril.

And realize also the gravity of this proposal you are making.  If XMR lives up to its promises, the actions we take here and now in this effort, will reverberate across decades into the future and impact the lives of billions of people.  It is probably worth getting it right.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
NewLiberty
Legendary
*
Offline Offline

Activity: 1204
Merit: 1001


Gresham's Lawyer


View Profile WWW
October 05, 2014, 03:14:02 PM
 #15320

I think the main argument on changing the emission is the coin will die in a few years when it is almost mined into dryness.
Sure I can take the current inflation and buy little by little more but then there is an issue of community premine, too.
It is fairer for the next adoptors to get some inflation, too. They most likely do not want to be the reason for price increase.

Touching the total coin supply is too horryfying idea even to consider.

I'm more horrified of not considering everything.

FREE MONEY1 Bitcoin for Silver and Gold NewLibertyDollar.com and now BITCOIN SPECIE (silver 1 ozt) shows value by QR
Bulk premiums as low as .0012 BTC "BETTER, MORE COLLECTIBLE, AND CHEAPER THAN SILVER EAGLES" 1Free of Government
Pages: « 1 ... 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 [766] 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 ... 2039 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!