[ANN] AEON: Scalable, private, mobile-friendly cryptocurrency

[rickgejr]

Now that I understand the reason behind the number of "atomic units" within the CryptoNote "system," it makes sense.

It's not arbitrary.

Is there a verifiable non-arbitrary reason for the  number of "atomic units" in Bitcoin?

[smooth]

Now that I understand the reason behind the number of "atomic units" within the CryptoNote "system," it makes sense.

It's not arbitrary.

Is there a verifiable non-arbitrary reason for the  number of "atomic units" in Bitcoin?

It has been suggested that it was done to avoid problems with floating point rounding, but as far as I know that is speculation and Satoshi never stated this.

Search for "The 21 Million BTC limit" in this article:

https://bitcoinmagazine.com/articles/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet-1382996984

[rickgejr]

The article https://bitcoinmagazine.com/articles/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet-1382996984 lead me to check on CryptoNote again.

But I'm still curious about the egalitarian mining concept.

I see it's benefits when compared to the giant Bitcoin Farms.

And yet giant gold mining operations lead to better economies of scale.

Is the CryptoNote system comparable in some way to inefficient gold mining? Every man for himself -- with a pick and shovel?

Or are we on new ground here. A monetary (currency) system that is a reflection of a political system? If so, what kind of system?

One man one vote. One CPU, one vote?

But what about, one Microsoft Cloud, 1 million CPU votes?...is this now defeating the CPU based system?

Just wondering if CryptoNote, particularly AEON is a pure-democracy. Where simply, the 51% decide. (Not referencing the 51% Attack.) Or if I'm way off the mark here.

For the layman, these white papers do not clarify this.

In fact, such a clarification might help the cause. (At least for me.)

[smooth]

But what about, one Microsoft Cloud, 1 million CPU votes?...is this now defeating the CPU based system?

Are they going to shut down their business to mine a coin?

As far as the algorithm, and economies of scale, ASICs, centralization, etc. well, nobody really knows for sure. It's well enough designed to hold up reasonably well according to its stated purpose for two years, but there are no guarantees. For now, anyone can mine it.

[rickgejr]

So, in a sense, it is much more difficult to mine any significant amounts of AEON's (or Monero or Bytecoin) and that makes them more valuable...in my view.

Only a few AEON's (of the total) can be mined per day.

[smooth]

So, in a sense, it is much more difficult to mine any significant amounts of AEON's (or Monero or Bytecoin) and that makes them more valuable...in my view.

It is harder to build massive industrial mines yes. Trying to do so puts you at an economic disadvantage relative to millions or billions of people who already have paid-for CPUs (and to a lesser extent GPUs) that are idle part of the time (assuming they also don't have very high electricity rates, so that leaves some out, but plenty have reasonable or low rates).

Botnets are one way that large amounts of coins could potentially be mined by one person or group, but opinions differ on the actual impact and effects.

[adhitthana]

When Aeon was "closed down" and later the exchange was changed from Polo to Trex...were any coins lost?

[adhitthana]

With Bitcoin on the move again, I think cryptos will come in for more attention. Probably we will see new people looking at them too. Aeon has a lot going for it, including a Bittrex listing.

Call me crazy, but when I look at a coin I haven't looked at before the first thing I do is look for a website.

Is anyone else interested getting something going?

[smooth]

When Aeon was "closed down" and later the exchange was changed from Polo to Trex...were any coins lost?

Not that I know of. Polo kept their wallet and manually handled withdrawals for people even after the delist. They still do afaik.

[smooth]

With Bitcoin on the move again, I think cryptos will come in for more attention. Probably we will see new people looking at them too. Aeon has a lot going for it, including a Bittrex listing.

Call me crazy, but when I look at a coin I haven't looked at before the first thing I do is look for a website.

Is anyone else interested getting something going?

Yeah let's do it. How much of a bounty do people want to get it done?

[rickgejr]

How much are we looking at in terms of U.S. Dollars, to host a good website?

What kind of hosting service is preferred? Cloud, Dedicated, shared, VPN?

[boolberry]

All Aeon users should support this Monero Stack Exchange proposal:

https://area51.stackexchange.com/proposals/98617/monero

Why? Because Stack Exchange will bring exposure to CryptoNote and a great resource for Aeon related questions that will be considered on topic!

http://discuss.area51.stackexchange.com/questions/23731/are-questions-about-other-cryptonote-coins-on-topic

[rickgejr]

Will AEON adopt the new proposal Monero is considering?

That all PR's will be accepted, adopted and only if the PR is 'bad' will the process be rolled back?

Seems like Monero is asking for trouble.

EDIT: Maybe I misunderstand the new Monero proposal. To allow all incoming PR's would speed up the improvements. It would be like deregulation. Like a successful Brexit, maybe.

[micle222]

already almost 4 weeks aeon conveniently indicates no teeth

[smooth]

Will AEON adopt the new proposal Monero is considering?

That all PR's will be accepted, adopted and only if the PR is 'bad' will the process be rolled back?

Seems like Monero is asking for trouble.

EDIT: Maybe I misunderstand the new Monero proposal. To allow all incoming PR's would speed up the improvements. It would be like deregulation. Like a successful Brexit, maybe.

I've been following and been a small part of that debate. I think I favor a sort of middle ground where there is a development branch and everything is accepted there and then maybe rolled back, but the master (production) branch is curated by the regular development team. So people outside of an active development process would never be exposed to the possibly-bad stuff, but inside development there is a permanent record of everything good and bad.

Monero also has had a development branch in the past and hopefully will have one in the future but some complications made that difficult for a while. It looks like that is in the process of being resolved.

[Warren.Buffet]

already almost 4 weeks aeon conveniently indicates no teeth

what do you mean?

[RequiredInformation]

How do I unlock my funds with the simple wallet? I was testing it by sending funds and at the beginning my balance was fully unlocked however after 1 tx sent the wallet locked around 90% of the funds. Thanks

[jwinterm]

How do I unlock my funds with the simple wallet? I was testing it by sending funds and at the beginning my balance was fully unlocked however after 1 tx sent the wallet locked around 90% of the funds. Thanks

Just have to wait a little bit, maybe twenty minutes I think, a few blocks maybe.

[smooth]

How do I unlock my funds with the simple wallet? I was testing it by sending funds and at the beginning my balance was fully unlocked however after 1 tx sent the wallet locked around 90% of the funds. Thanks

Just have to wait a little bit, maybe twenty minutes I think, a few blocks maybe.

Correct. What is going on is change being sent back to the original sender. Just like any transaction it has to confirm to be fully received.

[RequiredInformation]

How do I unlock my funds with the simple wallet? I was testing it by sending funds and at the beginning my balance was fully unlocked however after 1 tx sent the wallet locked around 90% of the funds. Thanks

Just have to wait a little bit, maybe twenty minutes I think, a few blocks maybe.

Correct. What is going on is change being sent back to the original sender. Just like any transaction it has to confirm to be fully received.

Awesome, thanks