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

[Come-In-Behind]

It would have annual % increase, so even after the entire supply is mined out, you still get a certain % of coins every year proportional the # of coins you hold?

Just tell me what the wonder is the idea behind giving more coins in proportion of the existing coins? What does it accomplish?

You got me. I hadn't thought it out, was just pelting ideas in the open. But I have to say, Bitshares DPoS(Delegated Proof of Stake) is interesting. It would be interesting to see if it would benefit by incorporating it into Monero.

[1713502484]

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[1713502484]

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[UnicornFarts]

It would have annual % increase, so even after the entire supply is mined out, you still get a certain % of coins every year proportional the # of coins you hold?

Just tell me what the wonder is the idea behind giving more coins in proportion of the existing coins? What does it accomplish?

Secure the blockchain with PoS after there is no longer incentive enough to mine from miner rewards.

[shojayxt]

Wouldn't a longer/lower emissions curve benefit everyone?

It wouldn't clearly benefit miners, unless the price went up enough to offset the reduced rewards. If some of the miners depart, the coin becomes less secure.

It wouldn't necessarily benefit the reputation or adoption of the coin, since it looks like an instamine. If you have been involved for the past six months, you got the benefit of large numbers of coins being minted and traded at low (and even increasingly lower) prices. Then mining gets cut and everyone but the early adopters gets to fight over a smaller supply, or pay up to buy from early adopters' stashes.

It also wouldn't necessarily benefit confidence in (and again reputation of) the coin. If it is considered acceptable to change once, it could be acceptable to change again. No one knows where that leads, and it is hard for anyone who is buying to know what he or she is buying.

Also a slower curve now means higher inflation later, for a longer period of time. Pay now or pay later?

This is not a the sort of change to be made lightly. I most certainly preferred a slower curve at the start. Now, I'm not sure the advantages outweigh the disadvantages.

Changing the emission rate now should be a non starter.  The time to make that change has come and gone.  Just talking about it spooks some people.

[smooth]

It would have annual % increase, so even after the entire supply is mined out, you still get a certain % of coins every year proportional the # of coins you hold?

Just tell me what the wonder is the idea behind giving more coins in proportion of the existing coins? What does it accomplish?

Secure the blockchain with PoS after there is no longer incentive enough to mine from miner rewards.

Unlikely, but perhaps someday someone like another Satoshi (or perhaps the original one!) will come along with a true innovation in that area. For now it is crypto snake oil.

https://download.wpsoftware.net/bitcoin/pos.pdf

"Distributed Consensus from Proof of Stake is Impossible"

Let's stick with what really works on this coin for now.

[UnicornFarts]

I hope so.  I hate PoS

[e-coinomist]

Interesting. What if Monero eventually became partly PoS, similar to Peercoin or partly DPoS like Bitshares? It would have annual % increase, so even after the entire supply is mined out, you still get a certain % of coins every year proportional the # of coins you hold?

Interesting suggestions! How are the Techies about the working parts, someone want to explain?

I heard PoS is not exactly included in Ringsignatures. Just PoS would tackle that 75-percentage Botnet Pool issue, hitting two birds with one stone.
Wagering a bet ... a new CN coin, new emission curve and mining algorithm will popup. As mentioned Monero is a running story where you cannot really change it's direction or destination in between. Observed myself beeing bummed over the TX-fees change. The lesser you change afterwards, the better for reputation.

[jwinterm]

Interesting. What if Monero eventually became partly PoS, similar to Peercoin or partly DPoS like Bitshares? It would have annual % increase, so even after the entire supply is mined out, you still get a certain % of coins every year proportional the # of coins you hold?

Interesting suggestions! How are the Techies about the working parts, someone want to explain?

I heard PoS is not exactly included in Ringsignatures. Just PoS would tackle that 75-percentage Botnet Pool issue, hitting two birds with one stone.
Wagering a bet ... a new CN coin, new emission curve and mining algorithm will popup. As mentioned Monero is a running story where you cannot really change it's direction or destination in between. Observed myself beeing bummed over the TX-fees change. The lesser you change afterwards, the better for reputation.

Dark/Ducknote has promised PoS in a cryptonote. I don't see how this is really possible, considering that if you reveal to the network the amount of coins you're holding (and possibly how long you've been holding them) how you/your address remains anonymous, but they're implementation is supposed to be revealed in the next several months, so...we shall see.

[UnicornFarts]

So ... I'm sleepy but been staying up for the missives.  Is it worth staying up more :p

[burnbabyburn71]

Price continues to fall...

[fluffypony]

I'm so tired...
Guys can you please post that missive so that I can go to bed?... 

Smooth said that fluffypony was travelling, so there could be some delay.

Apologies guys - I fell asleep last night as I was about to post it (product of jet lag). I'm at the airport in Dubai, and as soon as I've managed to sit down and pull my laptop out I'll post it.

[drawingthesun]

These prices are too low, I thought 0.003 was too low!

I am disillusioned here. What to do?

[e-coinomist]

Dark/Ducknote has promised PoS in a cryptonote. I don't see how this is really possible, considering that if you reveal to the network the amount of coins you're holding (and possibly how long you've been holding them) how you/your address remains anonymous, but they're implementation is supposed to be revealed in the next several months, so...we shall see.

Some will just refuse to reveal, others beein absolutely open on their wealthes. And all in between, so a variable slider for participation in the staking process would be a requirement. Or a simple on/off switch since one is allowed to own two wallets
edit: remember you can create/transfer wallets anonymously.
Btw Duck was quacky, shouldn't have changed their name. Another argument for keeping things running on their path, once started.

Apologies guys - I fell asleep last night as I was about to post it (product of jet lag). I'm at the airport in Dubai, and as soon as I've managed to sit down and pull my laptop out I'll post it.

At least you are now a part of Igor Cassini's jet lag class. So let us keep the price up, or fluffypony cannot afford the backflight ticked having to settle down in the desert. 17 is hardly enough for a tent.

[alloffmyhate]

  yeah the price make me dizzy .__. but i ll be waiting

[isvicre]

170... This is not good.

[5w00p]

Low       Low

[redhack]

All-time low in Poloniex?

[Wekkel]

Price discovery at work.

[superresistant]

About the movie, we can start very simply by thinking about few questions around Monero :
 - How did you discover Monero ?
 - What interested you at first ?
 - Why are you supporting it ?
 - What is your contribution on the project ?
 - How do you imagine Monero in 3 years ?
You can add or remove questions. The point is to have something interesting to say on every point.
Having different answers will show the variety of people around the project but also how united people are.

Being that you are French I think you should produce the movie.

I will not do it alone. Everyone will participate and I'll find someone competent for the editing.

waxo has some professional contact with filmmakers. He lives in Paris, we are in excellent terms and I plan to see him at the beginning of December. Interested?

Definitely. We should all meet in Paris in December to discuss this project.

[Oscilson]

Unlikely, but perhaps someday someone like another Satoshi (or perhaps the original one!) will come along with a true innovation in that area. For now it is crypto snake oil.

https://download.wpsoftware.net/bitcoin/pos.pdf

"Distributed Consensus from Proof of Stake is Impossible"

Let's stick with what really works on this coin for now.

PoW is best so far. We will only change to something else unless proven effective long term.

[bublik750]

я нe влaдeю инocтpaнными языкaми, дa и в poднoм языкe пopoй дoпycкaю oшибки.
Haпишy пo Pyccки ктo cмoжeт пepeвeдeт (cпacибo зapaнee).

1. Heт нopмaльнoгo кoшeлькa (oчeнь yж дoлгo вeдeтcя eгo paзpaбoткa, xoть бeттa вepcию вылoжитe нapoд пaникyeт)
2. Taкoe чyвcтвo чтo вce этo oчeнь бoльшoй paзвoд.......oтвeты paзpaбoтчикoв " я нecмoг нaпиcaть нa caйт из-зa "Биopитмoв" ycнyл в aэpoпopтy", этo пoxoжe нa бpeд......"дaвaйтe cнимeм фильм" пoлнaя чyшь oн yжe дoлжeн быть и paccкaзывaть кaкoй monero зaмeчaтeльный, мoжeт тoгдa eщe coчeнить пecню??  или выпycтить мyльтфильм? ay oчнитecь cдeлaйтe кoшeль xoтябы, ceйчac ocнoвнaя мacca людeй дepжит в pyкax cмapтфoн вoт нa чтo нyжнo opиeнтиpoвaтьcя.
3. Maйнить oбычным людям пpи тaкoй цeнe нe выгoднo, зa элeктичecтвo бoльшe плaтa.
4. Пoчeмy нeльзя cдeлaть пapy XMR\USD или любoй дpyгoй фиaт, нeyдoбнo жe пoкyпaть cнaчaлo bitcoin a нa нeгo пoтoм monero.....

cкopee вceгo cкopo вcex нac кинyт........a paзpaбoтчики и экoнoмиcты вкpyчивaют нaм xyй в yши...........

я нe тpoль или эльф или opг....этo мoe мнeниe.