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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4667005 times)
ThomasYauoes
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May 28, 2014, 01:08:59 PM
 #4241

I took a quick look at the code I think you just need to run multiple copies. Run it as many times as you want threads. Unless I missed something. Huh
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May 28, 2014, 02:26:09 PM
 #4242

Hey guys I have a question, what is the line you have to add inside the minerd batch in order to run spesific threads, instead of full cpu threads? ty!

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May 28, 2014, 02:48:42 PM
 #4243

Hey guys I have a question, what is the line you have to add inside the minerd batch in order to run spesific threads, instead of full cpu threads? ty!

Just   t- <number of threads>
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May 28, 2014, 02:50:16 PM
 #4244

Hey guys I have a question, what is the line you have to add inside the minerd batch in order to run spesific threads, instead of full cpu threads? ty!

Just   t- <number of threads>

You can use --help to see the available flags.  Smiley
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May 28, 2014, 02:54:25 PM
 #4245

It appears most of the miners have upgraded their software to the latest version (0.8.8) or at least the latest fees schedule (5*19^9 AMU minimum).

Please upgrade your daemon and simplewallet to the latest github version if you have not within the past few days. Windows binaries were updated a couple of days ago on the front page and already have the new fees schedule. If you do not upgrade you run the risk of your tx not going through because it lacks the required fee.

I will likely merge 0.8.8 today.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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May 28, 2014, 03:00:10 PM
 #4246

can't get past initialization stage on win7 32bit. fails to connect to peers. latest client. anyone have a resolution?

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May 28, 2014, 03:04:18 PM
 #4247

can't get past initialization stage on win7 32bit. fails to connect to peers. latest client. anyone have a resolution?

Try deleting the peers list in the appdata/roaming/bitmonero folder

I noticed that lately the client take a while to sync too, using the old or new version, probably because it tries a long list of peers before establishing fresh and responsive ones.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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May 28, 2014, 03:28:52 PM
 #4248

can't get past initialization stage on win7 32bit. fails to connect to peers. latest client. anyone have a resolution?

Try deleting the peers list in the appdata/roaming/bitmonero folder

I noticed that lately the client take a while to sync too, using the old or new version, probably because it tries a long list of peers before establishing fresh and responsive ones.

does not seem to work. I deleted all files in that folder (simply moved them, in case they needed to be restored). client regenerates: blockchain.bin, p2pstate.bin, and poolstate.bin. still unable to get past initialization.

the 64 bit windows package has a git dependency that's unresolved, so i can't use that version (bitmonerod freezes)

here's a sample log output:

Code:
2014-May-28 10:24:59.715761 bitmonero v0.8.8.2.1(0.1-g3775675)
2014-May-28 10:24:59.716761 Module folder: C:\my\location\bitmonerod.exe
2014-May-28 10:24:59.719761 Initializing p2p server...
2014-May-28 10:24:59.719761 Binding on 0.0.0.0:18080
2014-May-28 10:24:59.726762 Net service binded on 0.0.0.0:18080
2014-May-28 10:24:59.726762 Attempting to add IGD port mapping.
2014-May-28 10:25:03.748992 No IGD was found.
2014-May-28 10:25:03.748992 P2p server initialized OK
2014-May-28 10:25:03.748992 Initializing cryptonote protocol...
2014-May-28 10:25:03.748992 Cryptonote protocol initialized OK
2014-May-28 10:25:03.748992 Initializing core rpc server...
2014-May-28 10:25:03.748992 Binding on 127.0.0.1:18081
2014-May-28 10:25:03.752992 Core rpc server initialized OK on port: 18081
2014-May-28 10:25:03.752992 Initializing core...
2014-May-28 10:25:03.752992 Loading blockchain...
2014-May-28 10:25:03.752992 Can't load blockchain storage from file, generating genesis block.
2014-May-28 10:25:04.044009 Blockchain initialized. last block: 0, d693.h10.m25.s4 time ago, current difficulty: 1
2014-May-28 10:25:04.044009 Core initialized OK
2014-May-28 10:25:04.045009 Starting core rpc server...
2014-May-28 10:25:04.045009 Run net_service loop( 2 threads)...
2014-May-28 10:25:04.055009 [SRV_MAIN]Core rpc server started ok
2014-May-28 10:25:04.056009 [SRV_MAIN]Starting p2p net loop...
2014-May-28 10:25:04.056009 [SRV_MAIN]Run net_service loop( 10 threads)...
2014-May-28 10:25:04.683045 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:05.056067 [P2P7]
**********************************************************************
The daemon will start synchronizing with the network. It may take up to several hours.

You can set the level of process detailization by using command "set_log <level>", where <level> is either 0 (no details), 1 (current block height synchronized), or 2 (all details).

Use "help" command to see the list of available commands.

Note: in case you need to interrupt the process, use "exit" command. Otherwise, the current progress won't be saved.
**********************************************************************
2014-May-28 10:25:05.056067 [P2P6]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:25:09.691332 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:10.066353 [P2P6]Connect failed to 107.158.233.98:18080
2014-May-28 10:25:10.066353 [P2P6]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:25:14.702618 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:15.069639 [P2P6]Connect failed to 64.22.111.2:18080
2014-May-28 10:25:15.069639 [P2P6]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:25:19.706905 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:20.073926 [P2P6]Connect failed to 107.158.233.98:18080
2014-May-28 10:25:20.073926 [P2P6]Failed to connect to any of seed peers, continuing without seeds
2014-May-28 10:25:22.116042 [P2P9]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:25:24.716191 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:27.124329 [P2P9]Connect failed to 64.22.111.2:18080
2014-May-28 10:25:27.124329 [P2P9]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:25:29.725478 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:32.128615 [P2P9]Connect failed to 107.158.233.98:18080
2014-May-28 10:25:32.128615 [P2P9]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:25:34.735764 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:37.132901 [P2P9]Connect failed to 64.22.111.2:18080
2014-May-28 10:25:37.132901 [P2P9]Failed to connect to any of seed peers, continuing without seeds
2014-May-28 10:25:39.260023 [P2P1]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:25:39.738050 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:44.264309 [P2P1]Connect failed to 107.158.233.98:18080
2014-May-28 10:25:44.264309 [P2P1]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:25:44.744337 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:49.268595 [P2P1]Connect failed to 64.22.111.2:18080
2014-May-28 10:25:49.268595 [P2P1]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:25:49.752623 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:54.271882 [P2P1]Connect failed to 107.158.233.98:18080
2014-May-28 10:25:54.271882 [P2P1]Failed to connect to any of seed peers, continuing without seeds
2014-May-28 10:25:54.764910 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:25:56.272996 [P2P2]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:25:59.767196 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:01.276282 [P2P2]Connect failed to 107.158.233.98:18080
2014-May-28 10:26:01.276282 [P2P2]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:26:04.775482 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:06.279568 [P2P2]Connect failed to 64.22.111.2:18080
2014-May-28 10:26:06.279568 [P2P2]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:26:09.781769 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:11.282854 [P2P2]Connect failed to 107.158.233.98:18080
2014-May-28 10:26:11.283855 [P2P2]Failed to connect to any of seed peers, continuing without seeds
2014-May-28 10:26:13.283969 [P2P5]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:26:14.790055 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:18.287255 [P2P5]Connect failed to 64.22.111.2:18080
2014-May-28 10:26:18.287255 [P2P5]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:26:19.800342 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:23.291541 [P2P5]Connect failed to 107.158.233.98:18080
2014-May-28 10:26:23.291541 [P2P5]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:26:24.812628 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:28.295828 [P2P5]Connect failed to 64.22.111.2:18080
2014-May-28 10:26:28.295828 [P2P5]Failed to connect to any of seed peers, continuing without seeds
2014-May-28 10:26:29.812914 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:30.299942 [P2P8]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:26:34.821201 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:35.303228 [P2P8]Connect failed to 107.158.233.98:18080
2014-May-28 10:26:35.303228 [P2P8]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:26:39.829487 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:40.307515 [P2P8]Connect failed to 64.22.111.2:18080
2014-May-28 10:26:40.308515 [P2P8]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:26:44.836774 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:45.312801 [P2P8]Connect failed to 107.158.233.98:18080
2014-May-28 10:26:45.313801 [P2P8]Failed to connect to any of seed peers, continuing without seeds
2014-May-28 10:26:47.323916 [P2P9]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:26:49.844060 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:52.329202 [P2P9]Connect failed to 107.158.233.98:18080
2014-May-28 10:26:52.329202 [P2P9]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:26:54.852347 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:26:57.333488 [P2P9]Connect failed to 64.22.111.2:18080
2014-May-28 10:26:57.333488 [P2P9]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:26:59.859633 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:27:02.336775 [P2P9]Connect failed to 107.158.233.98:18080
2014-May-28 10:27:02.336775 [P2P9]Failed to connect to any of seed peers, continuing without seeds
2014-May-28 10:27:04.337889 [P2P6]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:27:04.865919 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:27:09.341175 [P2P6]Connect failed to 64.22.111.2:18080
2014-May-28 10:27:09.342175 [P2P6]Connecting to 107.158.233.98:18080(white=1, last_seen: never)...
2014-May-28 10:27:09.874206 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:27:14.345461 [P2P6]Connect failed to 107.158.233.98:18080
2014-May-28 10:27:14.345461 [P2P6]Connecting to 64.22.111.2:18080(white=1, last_seen: never)...
2014-May-28 10:27:14.882492 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)   

2014-May-28 10:27:18.206682 [node] Stop signal sent
2014-May-28 10:27:19.351748 [P2P6]Connect failed to 64.22.111.2:18080
2014-May-28 10:27:19.351748 [P2P6]Failed to connect to any of seed peers, continuing without seeds
2014-May-28 10:27:19.352748 [SRV_MAIN]net_service loop stopped.
2014-May-28 10:27:19.352748 [SRV_MAIN]p2p net loop stopped
2014-May-28 10:27:19.352748 [SRV_MAIN]Stopping core rpc server...
2014-May-28 10:27:19.352748 [SRV_MAIN]Deinitializing core...
2014-May-28 10:27:19.353748 [SRV_MAIN]Mining has been stopped, 0 finished
2014-May-28 10:27:19.359748 [SRV_MAIN]Storing blockchain...
2014-May-28 10:27:19.367749 [SRV_MAIN]Blockchain stored OK.
2014-May-28 10:27:19.367749 [SRV_MAIN]Deinitializing rpc server ...
2014-May-28 10:27:19.367749 [SRV_MAIN]Deinitializing cryptonote_protocol...
2014-May-28 10:27:19.367749 [SRV_MAIN]Deinitializing p2p...
2014-May-28 10:27:19.371749 [SRV_MAIN]Node stopped.
2014-May-28 10:27:19.381750 [SRV_MAIN]Mining has been stopped, 0 finished

Will work for BTC. 13CcdYdeTLH9GxKWpeNh7aAoFokbUTQZRu
http://bit-sim.trade
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May 28, 2014, 03:48:00 PM
 #4249

Strange. Both 0.8.7 and 0.8.8 ("experimental") do this?

edit:

Here's a recent active peer list in case you wanna try to manually sync them with "bitmonerod.exe ----add-peer [address]":
Code:
2014-May-28 11:51:26.079154 [P2P5][54.197.212.182:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.352103 [P2P4][81.84.254.209:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.377826 [P2P5][108.48.207.233:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.811456 [P2P4][54.209.172.97:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.820611 [P2P4][88.170.37.27:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.861093 [P2P4][107.170.183.130:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.026485 [P2P4][188.24.155.156:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.063173 [P2P4][164.15.10.90:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.138536 [P2P4][5.9.119.197:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:30.221394 [P2P4][69.145.201.19:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:30.360863 [P2P4][198.23.226.122:18080 OUT] SYNCHRONIZED OK

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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May 28, 2014, 03:53:00 PM
 #4250

Hey guys I have a question, what is the line you have to add inside the minerd batch in order to run spesific threads, instead of full cpu threads? ty!

Just   t- <number of threads>
ty very much kind sir!


bladetus , what do u mean? where do I put the --help? in batch?

XCurrency Price Speculation Topic
Coin Control Basic guide                                                                XChat address/private/instant/absolute: XSKu1fpwvRcAekfK91qVHi51Tgz4ckoA91
XChat public key: zcfx74j4fFK9hW7rQniTvLyDyXd9SyRCrncP9vdukbVT
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May 28, 2014, 03:58:48 PM
 #4251

Hey guys I have a question, what is the line you have to add inside the minerd batch in order to run spesific threads, instead of full cpu threads? ty!

Just   t- <number of threads>
ty very much kind sir!


bladetus , what do u mean? where do I put the --help? in batch?

You wouldn't put it in your batch file. You would type minerd --help in a command prompt.

eg. open command prompt

change to the correct directory

eg. cd c:\users\desktop\miner

then type minerd --help
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May 28, 2014, 04:05:47 PM
Last edit: May 28, 2014, 04:21:43 PM by aminorex
 #4252

You're telling me you want an anonymous coin, that has high adoption, that perpetually increases in value, that is resistant to centralization and comes at no cost? Good luck.

Strawman much?   I think paying reasonably is reasonable, and paying unreasonably is unreasonable.

In a constant growth supply, price deflation doesn't occur unless the economy is growing.  If the economy is growing, the value of the reward is increasing, not remaining constant.

Dude, in crypto *the numeraire floats*.  The market adjusts it.  That's a good thing.

I want a coin which does not rob people of their savings, that is anonymous.  It will therefore be resistant to centralization. It will also inevitably have high adoption in that case, because it is what the species needs to escape the explosive trap of debt money.  The whole purpose of an anonymous coin is to protect against robbery and extortion.  Building robbery and extortion into the coin completely destroys its justification for existence.

 

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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May 28, 2014, 04:07:23 PM
 #4253

hey guys i need your help.

I wanted to test this coin and have mined a couple of moneros to two different adresses.
I used two different pools, and on this pools i can also see the paid amount.
But on my wallet the balance is still zero. I tried cryptonote wallet and simplewallet in different versions.

Furthermore im not sure if the blockchain is downloaded sucessfully, cryptonote wallet downloaded the blockchain
a couple of hours and is now saying "ready" but i dont know how to check that.

Any ideas of what i have done wrong ?
secousa
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May 28, 2014, 04:09:50 PM
 #4254

Strange. Both 0.8.7 and 0.8.8 ("experimental") do this?

edit:

Here's a recent active peer list in case you wanna try to manually sync them with "bitmonerod.exe ----add-peer [address]":
Code:
2014-May-28 11:51:26.079154 [P2P5][54.197.212.182:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.352103 [P2P4][81.84.254.209:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.377826 [P2P5][108.48.207.233:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.811456 [P2P4][54.209.172.97:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.820611 [P2P4][88.170.37.27:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.861093 [P2P4][107.170.183.130:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.026485 [P2P4][188.24.155.156:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.063173 [P2P4][164.15.10.90:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.138536 [P2P4][5.9.119.197:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:30.221394 [P2P4][69.145.201.19:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:30.360863 [P2P4][198.23.226.122:18080 OUT] SYNCHRONIZED OK

Yes, both seem to do it. I'll try adding the peers in your quote above and come back with results.
EDIT: seems like it could be network, I'll try later in a public hotspot as well. Can't connect to any of the nodes

FYI, here's the issue I get on 64 bit windows build (both 0.8.8.8 and experimental)

Code:
2014-May-28 11:08:20.324889 Starting...
2014-May-28 11:08:20.333890 bitmonero v0.8.8.1(0.1-g328a52a)
2014-May-28 11:08:20.342890 Module folder: bitmonerod.exe
2014-May-28 11:08:20.349891 Initializing p2p server...
2014-May-28 11:08:20.359891 ERROR c:\temp\monero\git-experimental\bitmonero-0.8.
8update-x64\src\p2p\net_node.inl:82 Exception at [node_server::init_config], wha
t=invalid signature
2014-May-28 11:08:20.380893 ERROR c:\temp\monero\git-experimental\bitmonero-0.8.
8update-x64\src\p2p\net_node.inl:204 Failed to init config.
2014-May-28 11:08:20.396894 ERROR ..\..\src\daemon\daemon.cpp:148 Failed to init
ialize p2p server.
2014-May-28 11:08:20.409894 Mining has been stopped, 0 finished

Will work for BTC. 13CcdYdeTLH9GxKWpeNh7aAoFokbUTQZRu
http://bit-sim.trade
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May 28, 2014, 04:20:17 PM
Last edit: May 28, 2014, 04:33:47 PM by aminorex
 #4255

In the Quantity Theory of Money a constant money supply requires that the economy can grow only if the velocity-of-money circulation rises exponentially or the price level declines exponentially, neither of which are plausible for a healthy economy.
 

Correction:  Both of which are plausible inevitable in a healthy economy where the numeraire floats and money travels at the speed of light.  The sources of friction have been destroyed.

we can't have freedom without diluting the money supply. Selfish savers want their past efforts to be a perpetual friction on the backs of those new innovators. Rather a small, reasonable debasement (or demurrage) provides a balance to neutralize the parasitic rent that usury has on society.

The first and most obvious bogus assumption here is that savings bear interest.  This is so laden with non sequiturs that it makes me nauseous.  That's because he's trying to make a complex argument compactly.  Instead he's not really saying anything except expressing his tastes.  If the argument were unpacked, the numerous flaws could actually be addressed.  In this form?  Good luck.

Quote
Why are you so selfish as a saver that you don't want to pay 2.5% - 5% per year to fund the security of mining to keep it decentralized so the government can't come tax + confiscate 50+% of your savings? You know that even gold is debased at 2 - 2.5% per year.

False dilemma.  It's not even good rhetoric.  It's utterly abyssmal logic.  Why should I have to pay extortionate tolls for commodity services?  If you are going to socialize the cost of operating the currency (which is actually vanishingly small and not worth discussing) why socialize it inefficiently when you have an easy choice?  What does the accidental fact that gold is mined have to do with the point (if there is one)?  BTW gold mining is a diminishing return.  Bad example.  You don't have to compensate for destroying one class of rentiers by creating a new one.  There is no law of "conservation of rentiers".

Quote
Selfish people deserve the corporate top-down controlled fully compliant government's coin. Wink

Use of "selfish" here is political rhetoric using language taught to preschoolers in order to subvert mature ratiocination and critical thinking.  Yeah, those darn selfish people.  Drat them!  Even remarkably unselfish people may prefer not to see spurious taxes being assessed regressively without any corresponding benefit being derived.  With equal illogic one could deride selfish miners for taking excessive fees.  Neither approach is likely to aid in reasoning coolly about the issues.



Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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May 28, 2014, 06:31:34 PM
 #4256

New to MRO here. Trying to set this up on Windows and I can't figure out the wallet. Is there a GUI wallet available like I have seen on other coins?
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May 28, 2014, 06:34:18 PM
 #4257


But you do have to realize that coin price will degrade if it needs 50-100 BTC per day to pull daily production off the market. And if price is degrading, the consensus is that "the coin is dying". And when the consensus builds up, people are like "fuck this" => sell => chain dumps => "it's dead" => taking a look at coinmarketcap => finding the highest ranked BCN clone => "that is successful" => buy buy buy that one => more success for that one, etc etc => establishing it as the dominant coin.

There are very strong points on why one shouldn't change something which is considered fixed (changing the rules of the game while the game is played => might turn off investors) and why they should change it if it threatens the coin with "death" (perceived death due to price degradation that catalyzes actual death).

The alternative is just to let price slide so that daily production can be absorbed with greater ease, and expect price rise when coin production will slow down after 3-4 years. With altcoins being the ADD-paradise, it seems unlikely that people will like MRO then. The rationale will be "ok, this is been around for 3-4 years with no success... why should it even interest me?". However this is a time stamped post and it will be fun if someone bumps my post (2017-8) to laugh at me.


Love this post. I very much want Monero to succeed. But I think AlexGR made a very good remark why this could actually not happen.
People do not like to buy coins that go down. Who of you would like to be in a country whose currency drops against all other currencies? => buy another coin (XC, QCN) / foreign currency (maybe CHF if it would not have been coupled to the Euro)

I think that if Monero wants to succeed in its prior goal to become THE anonymous coin for the people it has to at least ensure that price is not dropping too bad with all the MRO supply per day. Otherwise people will not want MRO. Not know and not in 3 - 4 years.
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May 28, 2014, 06:37:15 PM
 #4258

New to MRO here. Trying to set this up on Windows and I can't figure out the wallet. Is there a GUI wallet available like I have seen on other coins?

see op: https://bitcointalk.org/index.php?topic=589561.msg6711778#msg6711778
let me know if you get it working and what kind of platform. I'm currently struggling to get it to connect to any nodes

are there any plans for an Linux ARM version of the wallet? perfect for pi's

Will work for BTC. 13CcdYdeTLH9GxKWpeNh7aAoFokbUTQZRu
http://bit-sim.trade
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May 28, 2014, 06:40:03 PM
 #4259

To be fair though, it's very difficult to

a) distribute the monetary base (which has to be distributed to the users, otherwise there are no coins to play around with)
b) do it "fairly" (every single definition of fair is vulnerable)
c) provide good store of value that prevents massive inflation (otherwise inflation is corrosive to one's investment)
d) provide future-proofing (as proof-of-work will require miners in the future too)

...all the while aiming for perceived success (price rise) which catalyzes actual success (=> more buying / adoption etc) instead of perceived failure and consequent death.
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May 28, 2014, 06:50:02 PM
 #4260

Of course it is difficult.
However I am certain that QCN's emission curve leads to less accumulation of MRO at few early adopters and lets late adopters the chance to mine sufficient amounts of MRO's. Of course it may be more expensive to Buy into Monero now, but it is better to Mine AND probably to Buy into Monero later.

Plus it has the benefit that there would be no need to discuss how mining rewardshould be organized when 18M coins are mined yet (fixed reward, fixed inflation 0.5%, 1%, 5% ?).
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