rpietila Altcoin Observer

[aminorex]

engineers do it better than keynesians.

that sounds like a bumpersticker.

This explain why a very high % of the CEOs are engineers 

China is an interesting case.  Say what you will about the CCP, they are pragmatic about retaining power.  Increasingly, the leadership is composed overwhelmingly of engineers.  In part this is because China pushes the best and brightest into engineering.  In part it is because engineers know how to get things done.  Evidently they are not sufficently good at deciding (or enforcing) what should be done, however.

My own institutionalized training was in physics, mathematics, computer science, and philosophy (in increasing order of institutional credit).  Finance is my current application domain, chosen because it offers value leverage.  I have found much of the value-add in my career to derive from the synthesis of ideas from mathematics and philosophy, subject to a process framework which is defined by the methodologies of physics and computer science, which are very closely allied to engineering principles and practices.  While the leading threads of economic - at least econometric - and financial theory provide fodder and content for data-driven semantic software, they provide little to no methodology or process.



 

[vuduchyld]

engineers do it better than keynesians.

that sounds like a bumpersticker.

This explain why a very high % of the CEOs are engineers 

China is an interesting case.  Say what you will about the CCP, they are pragmatic about retaining power.  Increasingly, the leadership is composed overwhelmingly of engineers.  In part this is because China pushes the best and brightest into engineering.  In part it is because engineers know how to get things done.  Evidently they are not sufficently good at deciding (or enforcing) what should be done, however.

My own institutionalized training was in physics, mathematics, computer science, and philosophy (in increasing order of institutional credit).  Finance is my current application domain, chosen because it offers value leverage.  I have found much of the value-add in my career to derive from the synthesis of ideas from mathematics and philosophy, subject to a process framework which is defined by the methodologies of physics and computer science, which are very closely allied to engineering principles and practices.  While the leading threads of economic - at least econometric - and financial theory provide fodder and content for data-driven semantic software, they provide little to no methodology or process.



 

I'm a Philosophy major with an MBA and I agree with this wholeheartedly.

[JorgeStolfi]

Wow! I graduated in Electronics Engineering, does it mean that I am smarter than you guys?     

[dunchy]

Note that in my prior linked post about Gold, the rush to anonymity and avoid socialism-gone-mad taxation
...
Bitcoin is failing (to scale to ubiquity) because it is not decentralized.
...
Sorry but imo Monero is a joke pretending to be serious.

Wealth preservation is the art of allocating between the least-shitty alternatives.

Please, If someone can just make a short update.. I'm following thread from the start but can't recall when/why AnonyMint thinks Monero is a joke.. Thanks.

[Brilliantrocket]

Note that in my prior linked post about Gold, the rush to anonymity and avoid socialism-gone-mad taxation
...
Bitcoin is failing (to scale to ubiquity) because it is not decentralized.
...
Sorry but imo Monero is a joke pretending to be serious.

Wealth preservation is the art of allocating between the least-shitty alternatives.

Please, If someone can just make a short update.. I'm following thread from the start but can't recall when/why AnonyMint thinks Monero is a joke.. Thanks.

He doesn't think it can scale to the transaction volumes he'd like to see. Of course, in his view, neither can Bitcoin.

[drawingthesun]

Note that in my prior linked post about Gold, the rush to anonymity and avoid socialism-gone-mad taxation
...
Bitcoin is failing (to scale to ubiquity) because it is not decentralized.
...
Sorry but imo Monero is a joke pretending to be serious.

Wealth preservation is the art of allocating between the least-shitty alternatives.

Please, If someone can just make a short update.. I'm following thread from the start but can't recall when/why AnonyMint thinks Monero is a joke.. Thanks.

I think he also thinks Bitcoin is a joke.

If it can't scale it might as well not exist.

[Brilliantrocket]

Anonymint has a tendency to go around and criticize everyone's work, while dropping thinly veiled hints that he has the solution. Without ever providing that solution.

[pinky]

Anonymint has a tendency to go around and criticize everyone's work, while dropping thinly veiled hints that he has the solution. Without ever providing that solution.

Reality check is important part of life and Anonymint is doing outstanding job.

[Brilliantrocket]

Anonymint has a tendency to go around and criticize everyone's work, while dropping thinly veiled hints that he has the solution. Without ever providing that solution.

Reality check is important part of life and Anonymint is doing outstanding job.

I agree. His criticism can be very useful. But the whole "I know the solution, and I'm not telling you!" shtick gets a bit tiring when nothing ever comes of it.

[pinky]

Note that in my prior linked post about Gold, the rush to anonymity and avoid socialism-gone-mad taxation
...
Bitcoin is failing (to scale to ubiquity) because it is not decentralized.
...
Sorry but imo Monero is a joke pretending to be serious.

Wealth preservation is the art of allocating between the least-shitty alternatives.

Please, If someone can just make a short update.. I'm following thread from the start but can't recall when/why AnonyMint thinks Monero is a joke.. Thanks.

I think this might help you: https://bitcointalk.org/index.php?topic=624223.msg8068923#msg8068923

[pinky]

Anonymint has a tendency to go around and criticize everyone's work, while dropping thinly veiled hints that he has the solution. Without ever providing that solution.

Reality check is important part of life and Anonymint is doing outstanding job.

I agree. His criticism can be very useful. But the whole "I know the solution, and I'm not telling you!" shtick gets a bit tiring when nothing ever comes of it.

I believe he is an honest guy and wants to create in his opinion and knowledge the perfect coin ("the new standard") without giving away bits of info and thus create numerous altcoins pumps and dumps in the process and/or some entity use this knowledge for some ulterior motives. Just my impression.

[klee]

Anonymint has a tendency to go around and criticize everyone's work, while dropping thinly veiled hints that he has the solution. Without ever providing that solution.

Reality check is important part of life and Anonymint is doing outstanding job.

I agree. His criticism can be very useful. But the whole "I know the solution, and I'm not telling you!" shtick gets a bit tiring when nothing ever comes of it.

I believe he is an honest guy and wants to create in his opinion and knowledge the perfect coin ("the new standard") without giving away bits of info and thus create numerous altcoins pumps and dumps in the process and/or some entity use this knowledge for some ulterior motives. Just my impression.

He is a genius but I really doubt he could focus and deliver such a complex project - sorry Anonymint..  

[vuduchyld]

Wow! I graduated in Electronics Engineering, does it mean that I am smarter than you guys?     

Almost certainly!

[darkota]

I was wondering. I'm not a cryptographer, but can transactions be wired through another coin?

So if Monero wanted to stop bloating/scaling all together, is it possible to create a 2nd temporary chain(coin) linked to Monero, and have Monero's transactions go through there?

So for ex: Monero devs make another coin purely for transactions called Mon. Once Mon has bloated enough, then they replace Mon with another coin called Mon2, etc etc, or Mon automatically does this for itself.

Shouldnt that allow Monero to scale up to Visa levels if it can be implemented?

[thefunkybits]

XMR looks like it's due to retest 0.004....

Getting into XDN Ducknote in the meantime 

Ding ding ding!

Now all we need is for XDN to rally this week

[othe]

I was wondering. I'm not a cryptographer, but can transactions be wired through another coin?

So if Monero wanted to stop bloating/scaling all together, is it possible to create a 2nd temporary chain(coin) linked to Monero, and have Monero's transactions go through there?

So for ex: Monero devs make another coin purely for transactions called Mon. Once Mon has bloated enough, then they replace Mon with another coin called Mon2, etc etc, or Mon automatically does this for itself.

Shouldnt that allow Monero to scale up to Visa levels if it can be implemented?

A 2 way peg with another new blockchain? technically possible yes.

But read smooths posts please about pruning here, there are better ways

[Triffin]

Anonymint has a tendency to go around and criticize everyone's work, while dropping thinly veiled hints that he has the solution. Without ever providing that solution.

Reality check is important part of life and Anonymint is doing outstanding job.

I agree. His criticism can be very useful. But the whole "I know the solution, and I'm not telling you!" shtick gets a bit tiring when nothing ever comes of it.

Solution .. assuming that their ego's would allow a collaboration ..

"Anonymint" develops his perfect coin and "jl777" markets the thing via SuperNet ..

Triff 

[AnonyMint]

Okay let me turn the tables on you all then. I've hadn't had time to read this thread, so all I saw on the prior page was some mention of advertising.

Any other ideas of how to scale a crypto-currency to beyond 10 million users within 3 years or less from launch?

"Anonymint" develops his perfect coin and "jl777" markets the thing via SuperNet ..

From the little I've been of his discombobulated writing style, I don't think he could market his way out of a wet brown paper bag.

That he is getting any air play seems to indicate how weak the current altcoin scene is.

Or perhaps I am just not digging in deep enough to his work, as I am too busy. I haven't looked at his code. The couple of times when I've studied his designs concept (the multiple servers decentralized exchange and the Startrek teleport aignonymity), they seem lacking.

Ditto Monero, I am not privy to their upcoming plans and detailed progress.

P.S. I've had 4 consecutive days of good health, since I've started eating Grapenuts with mixed nuts and blueberries with fresh milk. The illness I have causes dizziness which makes it very difficult to concentrate.

[ArticMine]

I was wondering. I'm not a cryptographer, but can transactions be wired through another coin?

So if Monero wanted to stop bloating/scaling all together, is it possible to create a 2nd temporary chain(coin) linked to Monero, and have Monero's transactions go through there?

So for ex: Monero devs make another coin purely for transactions called Mon. Once Mon has bloated enough, then they replace Mon with another coin called Mon2, etc etc, or Mon automatically does this for itself.

Shouldnt that allow Monero to scale up to Visa levels if it can be implemented?

Or one can simply allow Moore's law to take care of the bloat problem. Comparisons with VISA are very relevant here. The question that needs to be asked here is could VISA have scaled to current levels using the computer technology available in 1959 when American Express and Diner's club were offering the first credit cards?

As for blockchain pruning in its various incarnations it is a very bad idea because the "bloated information" is freely available at one point. This would allow large centralized holders to save this information, hoard it and then sell it at a premium to the average person. A simple scenario here could involve a legal dispute between and individual and a tax authority over transactions that are years or even decades old. The tax authority would have access to the old blockchain data while the individual would have to purchase that same data from a commercial data hoarder at a premium, thereby putting the individual at a significant disadvantage.

[AnonyMint]

I was wondering. I'm not a cryptographer, but can transactions be wired through another coin?

I assume you mean can txs be mixed offchain? This is essentially what CoinJoin a.k.a. DarkCoin attempts to do. The problem is that it requires masternodes to deal with the jammable two-step process, and the masternodes can (in theory) be Sybil attacked to reduce the anonymity.

So for ex: Monero devs make another coin purely for transactions called Mon. Once Mon has bloated enough, then they replace Mon with another coin called Mon2, etc etc, or Mon automatically does this for itself.

If you instead mean another block chain, realize it too has to be public viewable else it can't be secured with PoW.

...

Shouldnt that allow Monero to scale up to Visa levels if it can be implemented?

Or one can simply allow Moore's law to take care of the bloat problem.

If computation was the barrier, that is not certain because Moore's law may be ending:

http://www.extremetech.com/computing/165331-intels-former-chief-architect-moores-law-will-be-dead-within-a-decade
http://electroiq.com/blog/2014/03/moores-law-has-stopped-at-28nm/

The bloat issue impacts a lot of issues that have to do with how you can scale a coin in terms of popular features that will drive viral adoption.

...

As for blockchain pruning in its various incarnations it is a very bad idea because the "bloated information" is freely available at one point. This would allow large centralized holders to save this information, hoard it and then sell it at a premium to the average person. A simple scenario here could involve a legal dispute between and individual and a tax authority over transactions that are years or even decades old. The tax authority would have access to the old blockchain data while the individual would have to purchase that same data from a commercial data hoarder at a premium, thereby putting the individual at a significant disadvantage.

webarchive.org is free.

The cost of putting data on the internet and having it stored forever is nearly zero.

The issues with bloat are more dynamic in nature (e.g. propagation, tx speed, tx fees, etc). You wouldn't even begin to fathom these until you dug into programming an altcoin. So I won't even bother to detail them.