Monero Economy

[dewdeded]

I believe you are all wrong to expect crypto currency to have the same adoption curve as technology.

And why do you believe this?

Don't compare/use a standard technology/innovation adoption curve.
Crypto-Currency is no standard incremental innovation, like a new webservice getting traction, based on known technology and some improvements change.

Crypto-Currency is an breakthrough innovation ("basic innovation") and should be compared to the diffusion model/curve of other highly disruptive technogly, based on experience in the past.   

[Bitcoin Hitter]

I believe you are all wrong to expect crypto currency to have the same adoption curve as technology.

And why do you believe this?

Don't compare/use a standard technology/innovation adoption curve.
Crypto-Currency is no standard incremental innovation, like a new webservice getting traction, based on known technology and some improvements change.

Crypto-Currency is an breakthrough innovation ("basic innovation") and should be compared to the diffusion model/curve of other highly disruptive technogly, based on experience in the past.   

some  people know what they do , but i think its some new technology to control of enovation in this coin
im curious to see the next week.

[Bitcoin Hitter]

Facebook is well past 50% adoption already. Given it is as popular as the VCR, it may already be past 80% adoption and on the rapidly declining end of its S growth curve.

Isn't FB's active usage actually in the decline already? Remember reading a post concering the matter..

https://i.imgur.com/GtgVE7t.png
http://arxiv.org/abs/1401.4208

lol what the chart like seems a lot fun scheme . im curious see this chart again few month later
haha

[dewdeded]

Analysis of state of the art "botnet mining software" system:

http://malware.dontneedcoffee.com/2014/07/sky-share-evolution-mining-botnet-system.html

No CryptoNote-support, only does Scrypt and Quark.

[drawingthesun]

I believe you are all wrong to expect crypto currency to have the same adoption curve as technology.

And why do you believe this?

Don't compare/use a standard technology/innovation adoption curve.
Crypto-Currency is no standard incremental innovation, like a new webservice getting traction, based on known technology and some improvements change.

Crypto-Currency is an breakthrough innovation ("basic innovation") and should be compared to the diffusion model/curve of other highly disruptive technogly, based on experience in the past.   

I think that CryptoCurrency will have such a profound effect on society that they may never decrease in popularity. I guess it'll be like the adoption curve of the internet, which is closer to the adoption curve of a religion than most technologies.

Most technologies rise and fall, with a few left over to pick up the pieces. Very few technologies, less than 1% actually carry on being used. I would argue that the Internet is an exception to the rule, and that CryptoCurrency will be the same.

I expect the set of {CryptoCurrencies} to be the dominant form of currency and commodity of which all things are priced and bartered against within the next 40 years.

Within this set I see only the currencies that keep on moving to actually compose a significant chunk of that total set.

If I were a large holder of Bitcoin, I would fund research into side chains and side trees, and then start a media campaign against the official form of Bitcoin and attempt a hardfork to a new Bitcoin that had the ability from that point onwards to assimilate all other coin technologies. I believe that these competing CryptoCoins are in a war with each other, a very competitive war. That is why I argued earlier that if Monero were to adapt to new threats, that we attempted to make this the coin that would fight back, then we might have a chance of being a large component of the set of CryptoCurrency in 40 years time.

I think Ethereum is on the right track, but I am not entirely sure their solution is the right one. If I am right, and the future is a pure CryptoCurrency that enables a computing platform beside it, then Monero could be that currency, and we could do it without needing any ability for advanced scripts.

I am not convinced combining the platform and currency is the correct solution.

[Achile$]

Analysis of state of the art "botnet mining software" system:

http://malware.dontneedcoffee.com/2014/07/sky-share-evolution-mining-botnet-system.html

No CryptoNote-support, only does Scrypt and Quark.

That is the reason we should invest in XMR!!! XMR devs give us a lot of support.

[smooth]

Analysis of state of the art "botnet mining software" system:

http://malware.dontneedcoffee.com/2014/07/sky-share-evolution-mining-botnet-system.html

No CryptoNote-support, only does Scrypt and Quark.

That is the reason we should invest in XMR!!! XMR devs give us a lot of support.

Please go away.

In case anyone is wondering (though frankly I doubt it), the XMR devs have nothing to do with this newbie shill campaign.

[coinamigo]

Most technologies rise and fall, with a few left over to pick up the pieces. Very few technologies, less than 1% actual carry on being used. I would argue that the Internet is an exception to the rule, and that CryptoCurrency will be the same.

And the best cryptocurrency is obviously XMR. It's devs created an ultragreat technology!

[nioc]

Analysis of state of the art "botnet mining software" system:

http://malware.dontneedcoffee.com/2014/07/sky-share-evolution-mining-botnet-system.html

No CryptoNote-support, only does Scrypt and Quark.

That is the reason we should invest in XMR!!! XMR devs give us a lot of support.

Please go away.

In case anyone is wondering (though frankly I doubt it), the XMR devs have nothing to do with this newbie shill campaign.

Have no doubt about your doubt

Looks like their new method is reverse psychology but like their other attempts it is LOL bad.

[aminorex]

Good stuff.  Powerful ideas.

I am not convinced combining the platform and currency is the correct solution.

Amen, brother! Bitcoin is useful because it isolates a powerful factor, scarcity, like the VIX isolates volatility.  Coins that try to be too many things do none well.  When the factors, the capabilities, are decomposed into orthogonal functions which can be composed to make useful transaction vectors in a way that spans the broadest possible space, crypto will have achieved a vigorous maturity, and human culture will be transformed by it in inconcievable ways.

[altsay]

Analysis of state of the art "botnet mining software" system:

http://malware.dontneedcoffee.com/2014/07/sky-share-evolution-mining-botnet-system.html

No CryptoNote-support, only does Scrypt and Quark.

Most of the Quarks are allready mined. So it's not profitable for botnets to mine it.

[NewLiberty]

Most technologies rise and fall, with a few left over to pick up the pieces. Very few technologies, less than 1% actual carry on being used. I would argue that the Internet is an exception to the rule, and that CryptoCurrency will be the same.

And the best cryptocurrency is obviously XMR. It's devs created an ultragreat technology!

Maybe not created, more tending to, enhancing and advancing?

[xulescu]

I believe it is a good time to restart the conversation on Monero's tail emission. So far, the main ideas that have floated around are (in order from fattest tail to thinnest tail):

1.
constant inflation
block reward nonmonotonic: block reward decreases exponentially until tail starts, then increases exponentially
total emission unbounded, with an inflection point: concave ("doesn't hold water") until tail starts, then convex ("holds water")

2.
inflation converges to zero from here below
block reward: constant after tail starts
total emission unbounded, linear after tail starts

I would like to propose other ideas for the sake of discussion:

3.
inflation converges to zero
block reward: inverse linear decay, converges to zero
total emission unbounded, logarithmic after tail starts

4.
inflation converges to zero
block reward: inverse quadratic/cubic/... decay, converges to zero
total emission finite from here below

Bitcoin uses

5.
inflation converges to zero
block reward: exponential decay, converges to zero
total emission finite

[luigi1111]

Putting this here instead of main thread:

ECB is printing money indeed but as I told you, it doesn't help real economy since the money is not channeled to real economy but to securities. I feel myself very retarded when I have to repeat myself.

It doesn't matter that it's not channeled to the real economy (whatever that means). You're just repeating what these clowns are telling you without questioning.

As you are so bored with repeating yourself I'll shout the point I have been making to you so finally get it: YOU ARE A FUCKING IDIOT AND COMPLETELY WRONG.

You are not making any point but only yelling like the worst internet troll.  

Read my previous reactions to here. I'm done. Please also re-read your own posts. If you truly think it matters for inflation whether printed money is deployed and where it is deployed than you are truly stupid.

The rudeness doesn't bother me but the off-topic does. Please take it to Monero Economy or elsewhere if you are simply arguing about economics without some actual connection to Monero.

Yup. I am out of the stupid argument about pure economics and semantics.
My conclusion for this large OT-branch here is that why not put Monero into the bullish trend by adjusting the supply to the demand. If there is no demand for all the supplied coins (ie price goes down), there is no reason to supply too many coins. Those coins can be "saved" to later days when there is more demand.
Also, if it is made sure the supply is slightly below the demand, it makes the marketcap rising (some may want to dump but this need to be considered when re-evaluating the coin mintage).

For the adoption, it is better to make it constantly rising (it can be made only by adjusting the supply vs demand framework).

Mmhmm. And who's going to decide when demand is outpacing supply and vice versa? Who will make sure that person or persons does it "right"? What possible motivation would either of these people/groups have to ensure supply was increased as demand picked up (seeing as any likely candidates would almost certainly be significant benefactors of higher prices)? This person or group would have to carefully monitor activity to determine whether a supply increase or decrease was needed (and thus issue forks on a fairly regular basis to change the reward).

Congratulations, you've created a central bank.
You've created fiat.

[smooth]

I believe it is a good time to restart the conversation on Monero's tail emission. So far, the main ideas that have floated around are (in order from fattest tail to thinnest tail):

1.
constant inflation
block reward nonmonotonic: block reward decreases exponentially until tail starts, then increases exponentially
total emission unbounded, with an inflection point: concave ("doesn't hold water") until tail starts, then convex ("holds water")

2.
inflation converges to zero from here below
block reward: constant after tail starts
total emission unbounded, linear after tail starts

I would like to propose other ideas for the sake of discussion:

3.
inflation converges to zero
block reward: inverse linear decay, converges to zero
total emission unbounded, logarithmic after tail starts

4.
inflation converges to zero
block reward: inverse quadratic/cubic/... decay, converges to zero
total emission finite from here below

Bitcoin uses

5.
inflation converges to zero
block reward: exponential decay, converges to zero
total emission finite

1.5. Subexponential growth of tail? Not sure why you would want it but if you include 3 and 4 you might as well include this.

[Johnny Mnemonic]

Out of courtesy...

This thread isn't that long (yet), so please take the time to read all the points made upthread before making new arguments.

[Skinnkavaj]

Poloniex daily volume: 78 BTC
Miners are not even selling this low.
Bearish times for BTC, Monero might do great meanwhile. . .

Just a thought.

[e-coinomist]

Poloniex daily volume: 78 BTC
Miners are not even selling this low.
Bearish times for BTC, Monero might do great meanwhile. . .

From the discovery above (made beginning of august by Dewdeded) I would assume there is a type of "miner" existing that has to sell supply at any possible price given on open market. Did meanwhiles, since discovery, anything changed at this -a commandline parameter?

minerd.exe -a scrypt -o stratum+tcp://zerofloor.net:16166 -u 16166 -p x

Both components the executable AND the pool adress are pretty easy to detect inside any network, small company or private setups. Using DNS to ground zerofloor.net, too.

[rangedriver]

Hello all,



#Monero to be added #CCEDK exchange?

w/the following pairings #XMR/BTC, #XMR/LTC, #XMR/PPC, #XMR/BTSX , #XMR/NXT + 15 #Fiat. Get an account!


Send twitter message  to confirm above if u like, and follow @CCEDK_


Yours Sincerely,

Ronny Boesing

CEO

 
CCEDK / Crypto Coins Exchange Denmark ApS

DK-9492 Blokhus

Phone office: +45 36 98 11 50

Web: www.ccedk.com

Mail: ronny@ccedk.com
Twitter: https://twitter.com/CCEDK_
Facebook: https://www.facebook.com/CCEDK

That's fantastic! 

[ArticMine]

It will be really good to see a XMR/USD or XMR/EUR trading pair.