[XMR] Monero - A secure, private, untraceable cryptocurrency

[smooth]

About the power bills, no one will notice the power their CPU would use running at 100% when they're not using the system. It's just not enough to raise eyebrows, unless your power is stupid expensive. So no, they won't have an incentive to clean up their computers, because if done properly, they will never know their computers need to be cleaned.

You're looking at the microscopic picture. The bigger picture will be that people will come to learn (not necessarily through their own personal experience) that upgrading their computer or installing better malware protection as something that often saves money on power bills, or that more secure computers "use less power" (even if it isn't clear why), or that shutting down their computers really saves a lot on power in practice (when in theory it shouldn't) or some other such emergent economic effects that are hard to know in advance. Costs that accrue to the person responsible for and able to correct the problem can't really be such a bad thing in economic terms. It is certainly better than costs accruing to others.

Let's not go back and forth on the Monero thread though. Monero is a CPU coin for now, for better or worse, and that isn't going to change by design. It might change if people develop a good GPU miner for it or if it becomes successful enough for ASICs to be feasible. The CryptoNote designers intended for this not to happen. Whether they succeed or fail only time will tell.

[smooth]

About the power bills, no one will notice the power their CPU would use running at 100% when they're not using the system. It's just not enough to raise eyebrows, unless your power is stupid expensive. So no, they won't have an incentive to clean up their computers, because if done properly, they will never know their computers need to be cleaned.

You're looking at the microscopic picture. The bigger picture will be that people will come to learn (not necessarily through their own personal experience) that upgrading their computer or installing better malware protection as something that often saves money on power bills, or that more secure computers "use less power" (even if it isn't clear why), or that shutting down their computers really saves a lot on power in practice (when in theory it shouldn't) or some other such emergent economic effects that are hard to know in advance. Costs that accrue to the person responsible for and able to correct the problem can't really be such a bad thing in economic terms. It is certainly better than costs accruing to others.

Let's not go back and forth on the Monero thread though. Monero is a CPU coin for now, for better or worse, and that isn't going to change by design. It might change if people develop a good GPU miner for it or if it becomes successful enough for ASICs to be feasible. The CryptoNote designers intended for this not to happen. Whether they succeed or fail only time will tell.

Hmm... I doubt that people will come to learn anything of the sort, but I do think that they will grow old and die, replaced by a more tech-savvy generation. So perhaps you are right.

Yes that is definitely part of it, but even the actual old fogeys become somewhat more tech savvy over time (meaning decades). I'm old enough to remember when grandma literally could not turn on a computer, now she is at least on Facebook.

[purplejaguar]

What is the max supply of this coin? I didn't see it in the OP. And is there only one exchange?

[eizh]

What is the max supply of this coin? I didn't see it in the OP. And is there only one exchange?

It's 18.4 million (given in the OP), but a minimum subsidy will likely implemented so that there's a very slow inflation starting in about 8 years. Yes, there's only one exchange because this is not based on Bitcoin so it takes some effort to integrate.

[eizh]

There's now a giveaway going on at Reddit: http://www.reddit.com/r/Monero/comments/25h70g/giveaway_1400_mro_28_btc_for_free/

[zeetak]

hahaha, there is actually a file called slow-hash.c!

https://github.com/monero-project/bitmonero/commit/7620d55e6c9d9d625740004c86de17354ccceed2

it's almost as if somebody wanted others to optimize it...

[smooth]

hahaha, there is actually a file called slow-hash.c!

https://github.com/monero-project/bitmonero/commit/7620d55e6c9d9d625740004c86de17354ccceed2

it's almost as if somebody wanted others to optimize it...

I'm just guessing (the cryptonote developers are mysterious so usually all we can do is guess) it's called slow hash because it is intended to be used a memory-hard proof-of-work, as opposed to other (faster) hashes used for digests.

[zeetak]

hahaha, there is actually a file called slow-hash.c!

https://github.com/monero-project/bitmonero/commit/7620d55e6c9d9d625740004c86de17354ccceed2

it's almost as if somebody wanted others to optimize it...

I'm just guessing (the cryptonote developers are mysterious so usually all we can do is guess) it's called slow hash because it is intended to be used a memory-hard proof-of-work, as opposed to other (faster) hashes used for digests.

Oh sure, come up with a totally reasonable explanation for my find 

[GreekBitcoin]

hahaha, there is actually a file called slow-hash.c!

https://github.com/monero-project/bitmonero/commit/7620d55e6c9d9d625740004c86de17354ccceed2

it's almost as if somebody wanted others to optimize it...

I'm just guessing (the cryptonote developers are mysterious so usually all we can do is guess) it's called slow hash because it is intended to be used a memory-hard proof-of-work, as opposed to other (faster) hashes used for digests.

Oh sure, come up with a totally reasonable explanation for my find 

your find is at least a week old if you check the thread and thats a pretty reasonable explanation...

[smooth]

hahaha, there is actually a file called slow-hash.c!

https://github.com/monero-project/bitmonero/commit/7620d55e6c9d9d625740004c86de17354ccceed2

it's almost as if somebody wanted others to optimize it...

I'm just guessing (the cryptonote developers are mysterious so usually all we can do is guess) it's called slow hash because it is intended to be used a memory-hard proof-of-work, as opposed to other (faster) hashes used for digests.

Oh sure, come up with a totally reasonable explanation for my find 

your find is at least a week old if you check the thread and thats a pretty reasonable explanation...

That too.

[David Latapie]

I agree completely and withdraw my previous attitude. I thought transparency of the issue would be smart, especially considering interested parties have already been accused of "conspiring" behind the community's back. I also wanted knowledgable followers of the thread to be aware of the issue, especially if they have interest in MRO. I don't mind where the discussion takes place, as long as the people in this thread to know it's taking place.

I suggest regularly pasting a text like "Reminder, for those interested in the deep economics issues that monero is trying to solve, please read  Monero economy". Or something like that, you get the idea (The OP has so much info I am not sure people would get it - or maybe people interested in it are the same people that use the whole OP, then issue solved).

Okay, one feature we REALLY need in simplewallet is a command history buffer. It doesn't have to be persistent; it can start with an empty buffer every time. Having to retype things kinda sucks. And I automatically press the up arrow and get garbage that I have to erase.

Duly noted, you are not the only one to wish for it!

[smooth]

Okay, one feature we REALLY need in simplewallet is a command history buffer. It doesn't have to be persistent; it can start with an empty buffer every time. Having to retype things kinda sucks. And I automatically press the up arrow and get garbage that I have to erase.

Duly noted, you are not the only one to wish for it!

Use rlwrap

$ rlwrap ./simpleminer --wallet mywallet

[smooth]

Okay, one feature we REALLY need in simplewallet is a command history buffer. It doesn't have to be persistent; it can start with an empty buffer every time. Having to retype things kinda sucks. And I automatically press the up arrow and get garbage that I have to erase.

Duly noted, you are not the only one to wish for it!

Use rlwrap

$ rlwrap ./simpleminer --wallet mywallet

So, install a third-party piece of software to fix a bug in Monero because the devs aren't doing it?

Not third party Ubuntu. Standard package. Not sure about other distros though.

[David Latapie]

It doesn't even COMPILE on Arch.

I am on Arch (well, Manjaro). Use http://bit.ly/monerostarterpack and get the Linux binaries - they are compiled on Ubuntu but work on Arch. I am the maintainer, by the way.

[g4q34g4qg47ww]

Anyone knows how many coins there are? Couldn't find the explorer.

cheers

number of blocks*17.2 . Something around that.

This is the only info I am able to find about current supply. Can anyone confirm this?

[David Latapie]

there is only Windows 64-bit blockchain in the OP
will it work for 32-bit?

No, it won't. Please someone with a fully-sync'd 32-bits blockchain upload it, I will add it to the pack.

[smooth]

Anyone knows how many coins there are? Couldn't find the explorer.

cheers

number of blocks*17.2 . Something around that.

This is the only info I am able to find about current supply. Can anyone confirm this?

That's about right. The reward started at something like 17.5 now its down to about 16.9

[David Latapie]

Yah i tried that exact line they had, but it seems like it not working with 12.04 im very confused. driving me crazy!

Use do-upgrade-release thrice to upgrade.
From 12.04 to 12.10
From 12.10 to 13.04
From 13.04 to 13.10
Then try again

[smooth]

I'm on Arch too, and while it's in the repos, I shouldn't need it to fix a bug in a program, as the devs should be doing that.

Let me explain how this works. The devs' salary is....are you ready for it?......zero dollars and zero cents (or if you prefer zero moneros).

You are just as eligible to submit fixes to github as anyone else.

Throwing mud at the volunteer developers for not prioritizing what you think should be prioritized (and can easily be worked around with a standard utility) won't win you any style points.

[g4q34g4qg47ww]

Anyone knows how many coins there are? Couldn't find the explorer.

cheers

number of blocks*17.2 . Something around that.

This is the only info I am able to find about current supply. Can anyone confirm this?

That's about right. The reward started at something like 17.5 now its down to about 16.9

Thank you both.