Zer0Sum
Legendary
Activity: 1588
Merit: 1000
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June 01, 2014, 02:41:20 PM |
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In its current stage it isnt even desired for MRO to be at exchanges.
What is the point of money if you can't spend it/exchange it? Nobody will want to use your currency if it has been horded by miners since day one. That will mean terrible distribution and miner top heavy control of the currency and nobody can trust it. Exchanges are the single best promotional tool that coins have. If they are not worth money, how can they be expected to be money? None of these coins are "currency". The IRS has ruled they are virtual "commodities"... which is exactly what they are. If CryptoNote anonymity does not become a standard, turns out to have issues... this all goes to zero eventually. Look at the other 3 CryptoNote coins... death spiral to zero. MRO ran up to 398 an hour ago. This is amazing. LTC $11.00. MRO $2.70 LTC adds no value at all. Yeah, that's what people always say... But for some reason LTC has dramatically outperformed BTC durung the 18 month big run... LTC (0.065 to $11.00, +17,000%)... BTC ($16.00 to $650, +4,000%).... Why? Probably LTC adds much needed LIQUIDITY to an ecosystem... That revolves almost entirely around mining equipment, hoarding wealth, trading, speculation... |
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equipoise
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June 01, 2014, 02:48:35 PM |
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In its current stage it isnt even desired for MRO to be at exchanges.
What is the point of money if you can't spend it/exchange it? Nobody will want to use your currency if it has been horded by miners since day one. That will mean terrible distribution and miner top heavy control of the currency and nobody can trust it. Exchanges are the single best promotional tool that coins have. If they are not worth money, how can they be expected to be money? None of these coins are "currency". The IRS has ruled they are virtual "commodities"... which is exactly what they are. If CryptoNote anonymity does not become a standard, turns out to have issues... this all goes to zero eventually. Look at the other 3 CryptoNote coins... death spiral to zero. MRO ran up to 398 an hour ago. This is amazing. LTC $11.00. MRO $2.70 LTC adds no value at all. Yeah, that's what people always say... But for some reason LTC has dramatically outperformed BTC durung the 18 month big run... LTC (0.065 to $11.00, +17,000%)... BTC ($16.00 to $650, +4,000%).... Why? Probably LTC adds much needed LIQUIDITY to an ecosystem... That revolves almost entirely around mining equipment, hoarding wealth, trading, speculation... Or it was "lol, LTC is going to Huobi" thing. |
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smooth
Legendary
Activity: 2982
Merit: 1203
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June 01, 2014, 03:00:21 PM |
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In its current stage it isnt even desired for MRO to be at exchanges.
What is the point of money if you can't spend it/exchange it? Nobody will want to use your currency if it has been horded by miners since day one. That will mean terrible distribution and miner top heavy control of the currency and nobody can trust it. Exchanges are the single best promotional tool that coins have. If they are not worth money, how can they be expected to be money? None of these coins are "currency". The IRS has ruled they are virtual "commodities"... which is exactly what they are. If CryptoNote anonymity does not become a standard, turns out to have issues... this all goes to zero eventually. Look at the other 3 CryptoNote coins... death spiral to zero. MRO ran up to 398 an hour ago. This is amazing. LTC $11.00. MRO $2.70 LTC adds no value at all. Yeah, that's what people always say... But for some reason LTC has dramatically outperformed BTC durung the 18 month big run... LTC (0.065 to $11.00, +17,000%)... BTC ($16.00 to $650, +4,000%).... Why? Probably LTC adds much needed LIQUIDITY to an ecosystem... That revolves almost entirely around mining equipment, hoarding wealth, trading, speculation... That word liquidity, does not mean what you think it means. |
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Patejl
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June 01, 2014, 03:16:35 PM |
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Download link for Linux binaries doesn't work.  |
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othe
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June 01, 2014, 03:17:39 PM |
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In its current stage it isnt even desired for MRO to be at exchanges.
What is the point of money if you can't spend it/exchange it? Nobody will want to use your currency if it has been horded by miners since day one. That will mean terrible distribution and miner top heavy control of the currency and nobody can trust it. Exchanges are the single best promotional tool that coins have. If they are not worth money, how can they be expected to be money? None of these coins are "currency". The IRS has ruled they are virtual "commodities"... which is exactly what they are. If CryptoNote anonymity does not become a standard, turns out to have issues... this all goes to zero eventually. Look at the other 3 CryptoNote coins... death spiral to zero. MRO ran up to 398 an hour ago. This is amazing. LTC $11.00. MRO $2.70 LTC adds no value at all. Yeah, that's what people always say... But for some reason LTC has dramatically outperformed BTC durung the 18 month big run... LTC (0.065 to $11.00, +17,000%)... BTC ($16.00 to $650, +4,000%).... Why? Probably LTC adds much needed LIQUIDITY to an ecosystem... That revolves almost entirely around mining equipment, hoarding wealth, trading, speculation... I agree, LTC is important for the market. However the percentage numbers are a bit misleading because its far easier for "cheaper" coin to double and triple in price then for something that is already worth a lot more - thats also the reason i see an enormous growth potential in MRO as its still pretty "cheap". |
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smooth
Legendary
Activity: 2982
Merit: 1203
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June 01, 2014, 03:30:27 PM |
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In its current stage it isnt even desired for MRO to be at exchanges.
What is the point of money if you can't spend it/exchange it? Nobody will want to use your currency if it has been horded by miners since day one. That will mean terrible distribution and miner top heavy control of the currency and nobody can trust it. Exchanges are the single best promotional tool that coins have. If they are not worth money, how can they be expected to be money? None of these coins are "currency". The IRS has ruled they are virtual "commodities"... which is exactly what they are. If CryptoNote anonymity does not become a standard, turns out to have issues... this all goes to zero eventually. Look at the other 3 CryptoNote coins... death spiral to zero. MRO ran up to 398 an hour ago. This is amazing. LTC $11.00. MRO $2.70 LTC adds no value at all. Yeah, that's what people always say... But for some reason LTC has dramatically outperformed BTC durung the 18 month big run... LTC (0.065 to $11.00, +17,000%)... BTC ($16.00 to $650, +4,000%).... Why? Probably LTC adds much needed LIQUIDITY to an ecosystem... That revolves almost entirely around mining equipment, hoarding wealth, trading, speculation... I agree, LTC is important for the market. However the percentage numbers are a bit misleading because its far easier for "cheaper" coin to double and triple in price then for something that is already worth a lot more - thats also the reason i see an enormous growth potential in MRO as its still pretty "cheap". The bigger point is that MRO can do everything LTC does, and more. The best reason I've seen for LTC to have any value is that people want alternatives, someplace else to go if BTC runs aground. MRO does that better because LTC shares too much in common with BTC, a big monoculture problem that MRO does not share. This ignores the added appeal of enhanced privacy. Even without those MRO has the potential to easily surpass LTC. |
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drawingthesun
Legendary
Activity: 1176
Merit: 1018
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June 01, 2014, 03:33:27 PM |
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Remember guys the future battle isn't between some scam coin (XC, Dark) or even a real coin like Litecoin, but the battle will be between the great four (as I have came to call them).
Bitcoin.
Ethereum.
Nxt.
Monero.
I'm still on the lookout for anything else to add to this list.
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smooth
Legendary
Activity: 2982
Merit: 1203
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June 01, 2014, 03:42:24 PM |
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Remember guys the future battle isn't between some scam coin (XC, Dark) or even a real coin like Litecoin, but the battle will be between the great four (as I have came to call them).
Bitcoin.
Ethereum.
Nxt.
Monero.
I'm still on the lookout for anything else to add to this list.
I agree with you for the most part except that I'd consider LTC to be one of the biggest scam coins of them all. Just because it got big does not mean it wasn't a scam. But since it isn't on your list (or mine), I guess it doesn't much matter any more. |
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Patejl
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June 01, 2014, 03:49:38 PM
Last edit: June 01, 2014, 04:02:07 PM by Patejl |
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How to run new version of Monero in Ubuntu 13.10? I don't get it.
I got some error about boost 1.55. WTF? My old version compiled from source worked great, btw.
libboost_system.so.1.55.0 : cannot open shared object file
nevermind, im compiling from source again. Those binaries sucks.
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TTM
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June 01, 2014, 05:44:40 PM |
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Is there any ETA for when will block time be increased to 2 or 3 minutes ?
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Zer0Sum
Legendary
Activity: 1588
Merit: 1000
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June 01, 2014, 05:52:46 PM |
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Remember guys the future battle isn't between some scam coin (XC, Dark) or even a real coin like Litecoin, but the battle will be between the great four (as I have came to call them).
Bitcoin.
Ethereum.
Nxt.
Monero.
I'm still on the lookout for anything else to add to this list.
Oh, I forgot that the internet only has 4 players. It must be the "network effect". This is no longer a serious discussion... When Google, Amazon, Apple, the banks start to play Crypto Currency for real... Nothing coming out of BitcoinTalk will matter. |
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sorryforthat
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June 01, 2014, 06:15:51 PM |
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So would there be a way to create a checkpoint within the daemon that splits the blockchain into multiple files at a certain heights. The splits would be catelogued and organized and sit in limbo waiting to be called for if needed. Lowering the need for high memory due to increased blockchain size over time.
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alladin100
Newbie
Activity: 2
Merit: 0
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June 01, 2014, 06:16:04 PM |
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MONERO is totally the most profitable coin! Do you know where investing is it gonna lead you? Exactly. TO THE MOOON! Happy trading!
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gminerz
Member
Activity: 75
Merit: 10
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June 01, 2014, 06:16:12 PM |
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Why Cryptsy and Mintpal didn't add MRO to coin voting?
afaik its a technical issue. to add a bitcoin/litecoin-clone is no big deal for them. but monero etc are different and require some extra work to do. they just dont know how to add this coin dont ask them what they cant do.. |
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tacotime
Legendary
Activity: 1484
Merit: 1011
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June 01, 2014, 06:23:32 PM |
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So would there be a way to create a checkpoint within the daemon that splits the blockchain into multiple files at a certain heights. The splits would be catelogued and organized and sit in limbo waiting to be called for if needed. Lowering the need for high memory due to increased blockchain size over time.
The ideal solution is a proper database implementation -- the ByteCoin devs appear to be working on it, so we're waiting on them, but after 1 y or so we'll need a proper db. |
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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tacotime
Legendary
Activity: 1484
Merit: 1011
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June 01, 2014, 06:24:53 PM |
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Is there any ETA for when will block time be increased to 2 or 3 minutes ?
Any hardfork changes like this should be considered for an extensive period of time before being implemented. Even a change to 2 min will only drive the orphan rate to about 15%, as shown with BCN. Unfortunately, there are many factors contributing to the orphan rate right now (slow hashing function, P2P net code) and unless you extend the block time dramatically I don't think we'll see the orphan rates drop to anywhere near something like LTC with 2 min blocks. |
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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sorryforthat
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June 01, 2014, 06:31:38 PM |
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So would there be a way to create a checkpoint within the daemon that splits the blockchain into multiple files at a certain heights. The splits would be catelogued and organized and sit in limbo waiting to be called for if needed. Lowering the need for high memory due to increased blockchain size over time.
The ideal solution is a proper database implementation -- the ByteCoin devs appear to be working on it, so we're waiting on them, but after 1 y or so we'll need a proper db. So somthing similar to TimeKoin. I think they are doing something along the lines of SQL. |
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fluffypony
Donator
Legendary
Activity: 1274
Merit: 1069
GetMonero.org / MyMonero.com
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June 01, 2014, 06:36:50 PM |
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So would there be a way to create a checkpoint within the daemon that splits the blockchain into multiple files at a certain heights. The splits would be catelogued and organized and sit in limbo waiting to be called for if needed. Lowering the need for high memory due to increased blockchain size over time.
The ideal solution is a proper database implementation -- the ByteCoin devs appear to be working on it, so we're waiting on them, but after 1 y or so we'll need a proper db. So somthing similar to TimeKoin. I think they are doing something along the lines of SQL. More like what Bitcoin uses - Berkley DB or something. I don't think sqlite would be performant enough, but maybe worth a looksie when we have the time:) |
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