[ANN] AEON: Cryptonote privacy, efficiency, decentralization, and stability

[heratys111]

Holy bloody crap:

https://www.youtube.com/watch?v=tD4q3leE5Uw .

So let's sum up all the info we have until now.

So the wallet is unstable, and using it may lead to major financial losses?! Doesn't' that means that any miner could be affected. We are talking about a regular shell wallet, where all the payments from the pools are coming.

I would read this like, "Stop mining and sell all your coins ASAP"

Use your own judgment and guestimates/hypotheses about the potential consequences of pursuing any course of action or inaction.

1.  51% attack, No Comment. 50/50 chance that it happened, the dev couldn't be trusted on this one.

What is the evidence for your speculative assertion?  If I understand your claim properiy (not a given) 51% of the miners hijacked Aeon somehow with some nefarious scheme or cabal and this coin supposedly isn't sound subsequent to this supposed event.  How does one begin to survey the total user-base of Aeon to see whether they are up to such hijinks? Please go back to your conspiracy-theory websites/memes and leave the rational people to carry on with legitimate and actually meaningful matters.

2. BotNet - well, after the huge coin drops it became unprofitable even for botnet to savage on AEON, so they switched to SumoCoin and BitCoal

Perhaps that's the case, I've mined some Sumo myself for approximately a month now (as I appreciate some of the Cryptonote-based coins generally). However it seems that Botnets have infested Sumokoin mining lately too -- perhaps that's a function of XMR having come down in US dollar terms lately -- so this is somewhat of a [https://en.wikipedia.org/wiki/Red_herring] .

What is your agenda and why are you bothering people who are interested in Aeon?  Circumstances and people's viewpoints can be complex. Diversification is perhaps a good idea after all. (For more depth or breadth please consider some of the work of Karl Popper such as his book  _The Open Society and Its Enemies_ or the writings of his acolyte George Soros for some justification regarding the idea that perhaps we don't have all the answers -- despite sometimes thinking this to be the case.  Robert Anton Wilson and Carl Jung are also worth a peruse.)

3. The current hash rate - sets the fair price around 0.00010-0.00013K

I've done my share of undergraduate math personally (3 semesters of calculus, vector/tensor calculus, linear optimization, number theory, differential equations, partial differential equations/boundary value problems, discrete math, complex variables) and a fair amount of engineering (Fourier and state-space systems analysis, and control systems analysis such as root locus and frequency response techniques).  I'd be very delighted to see you attempt to detail your valuation or "fair price" calculations.  Nevertheless, I happen to agree with the Austrian-school, truly /laissez-faire/ viewpoint (see Ludwig von Mises, Murray Rothbard, and [to a certain extent] Hayek and Bastiat) that valuations are entirely subjective and market prices are only stochastic summations of the perceived valuations of individuals and not something that can be apodictically-derived.  Valuations and market prices are complex phenomena that can be modeled better with more astute but still variable/inexact techniques such as Bayes Theoerem than with the Keynesian or Monetarist analysis more favored by central-bankers or statists (https://en.wikipedia.org/wiki/Statism) or investment analysts of dubious qualification or over-specialization.  
  

4.  The dev is in silent mode, watching how his coin is destroyed all over again.

I don't think the evidence would indicate that -- again one might ponder what the underlying motivation of your claim really is.  Even supposing that Smooth decided, on his on volition and using his right to conduct his affairs as he wills, to direct his energy elsewhere: the coin /in itself/ or in its potential has some value that you are neglecting to consider.

Some aspects of your questions or petty-tyrant-like demands below are interesting though, (although the timing in 4b is IMO rather tedious/boring and ridiculous -- I don't personally care overmuch about the particular timeframe so long as the functionaiity is there within say... three months, six months, a year or two.  I'm willing to wait for things to take the time that they might need to -- other people maybe aren't so patient.  So what?  Move on, make your own coin, whatever... it doesn't matter much to me or probably to others.).   The pusillanimous guilt-trip that you're trying to lay [in question 4 below] about people putatively investing tens of thousands of dollars forces me to cite the Latin expression "caveat emptor" (buyer beware).  As with any investment, one probably shouldn't bet more than 5% of one's net worth on any one horse and more than 10-15% on any particular sector (such as cryptocurrency or type of stock).  I personally like some physical (non-exchange traded or pooled) gold and silver bullion allocation myself as it's kryptonite to the other-people's-business-minders currently driving the world's financial system to debt-slavery or default through credit-creation and fractional-reserve banking (but to each his/her own).    
 

Questions:

1. Smooth, could you tell us is it safe to use the wallet to store huge amount of coins and receive payment from the pools?

2. Smooth, could you tell us, when approximately the new code would be released?

3. Could you tell us, why you told the exchanges to lock the wallet, but didn't warn the miners that it could be dangerous to use it?

4. Smooth people trusted in AEON because of your reputation, some of us invested tens of thousand of dollars in it, I get it you don't care about the price and the market at all. but at least be honest, don't remain silent and tell us what to expect with actual info, not some vague excuses.

At least answer this question, do you think the wallet would be fixed it 1 month from now?

Are you still actively working on the project, and recommend to mine it, as you believe, there is a future to AEON?

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[shoggot]

I invested 2 btc about 2 months ago. And I am still up since then so I just keep holding and mining. Hopefully this coin will be the next monero if things work out OK.

[elGuilleAR]

Hello.
Is there a seed node list?. Trying to run a node but there are no seed node to connect to.

Thanks.-

[smooth]

Hello.
Is there a seed node list?. Trying to run a node but there are no seed node to connect to.

Try again. One of the hard coded seed nodes was down but I restarted it.

[elGuilleAR]

Hello.
Is there a seed node list?. Trying to run a node but there are no seed node to connect to.

Try again. One of the hard coded seed nodes was down but I restarted it.

Just perfect!. Works preciously!
 
Thanks.-

[xs.over]

Nethash goes down. I want to mine with my NVIDIA rig. Can I mine with NVIDIA 1060 3GB card?

Shitty botnet is back again.
Hate these mthrfckrs
cryptonight is very botnet frienly algo

[usm3000]

Hello i am new.

I have a problem because have 2000 AEON in HITBC, The market here is too slow and down.
I need send this to Bittrex, or other market
In Bittrex the wallet is in "AEON wallet offline for maintenance"
I have 1 month whait...  Huh

I send mail to Bittrex give me this answer:

We are waiting on the developer for code updates to this wallet.  This coin will not be re-enabled until the developer provides the fix.  Please contact the developer with further questions, however, be aware that they have stated they are actively working on this issue.

I cannot provide an ETA on when it will be re-enabled as this is in the hands of the developer.

How many time you need for upgrade the code in Bittrex?
Why not open the wallet again in bittrex, and when you finish the upgrade fix updates in all wallets bittex, hitbtc, and others?
Why in hitbtc the wallet aeon is open, and bittrex stay close the wallet?
Dont have other option for change the Aeon in other market please??

Thanks for all

[thehihoguy]

Hello i am new.

I have a problem because have 2000 AEON in HITBC, The market here is too slow and down.
I need send this to Bittrex, or other market
In Bittrex the wallet is in "AEON wallet offline for maintenance"
I have 1 month whait...  Huh

I send mail to Bittrex give me this answer:

We are waiting on the developer for code updates to this wallet.  This coin will not be re-enabled until the developer provides the fix.  Please contact the developer with further questions, however, be aware that they have stated they are actively working on this issue.

I cannot provide an ETA on when it will be re-enabled as this is in the hands of the developer.

How many time you need for upgrade the code in Bittrex?
Why not open the wallet again in bittrex, and when you finish the upgrade fix updates in all wallets bittex, hitbtc, and others?
Why in hitbtc the wallet aeon is open, and bittrex stay close the wallet?
Dont have other option for change the Aeon in other market please??

Thanks for all

1. As long as it needs to have a stable rebased code
2. Because the current wallet is unstable and is not guaranteed to work properly. Bittrex put trust of a good service over profit with this action.
3. Up to each exchange to decide if they wanna take the risk. Aeon core dev recommends exchanges to lock the wallet for now till rebase is finished.
4. Only option is to exchange your aeon on bittrex to another crypto and transfer it to hitbtc to rebuy aeon.

Please do understand that with providing a service in a community such as developing aeon, pool or anything else, you kinda promise a certain support and responsibility for your service. at least in a serious coin development.

And since the aeon core dev is working on the new code, the ressources on fixing the old code has been reduced to its minimum, to maximize the progress on the new code.

As this old code has minimum ressources assigned, it can not be guaranteed to work 100% without outage. So the decision was made to recommend exchanges to lock the wallet for now.
That way aeons ressources can focus on updating the new code.

Its up to each exchange to decide if they follow the recommendation or ignore it/take responsibility to run an unstable wallet.

[g8tguy]

Well, to be honest, it's time to consider that that code reorg will never happen.

the developer is just writing generic messages for more than a month, notice how he never mentioned an ETA, or if it will be fixed this year at all. 

If he knew it would take so long, wouldn't it be fair, to give people a warning to withdraw their coins, and then lock the wallet.

but he does some shady stuff behind our backs. right now, we shouldn't trust anything the dev says until we see some work on GitHub.

AEON is an open source, so all the work the dev did during the last month should be there, but there is nothing.

So don't be surprised and whiny. I gave you lots of warning more than a month ago to sell the coins when the price was still good.

[thehihoguy]

Well, to be honest, it's time to consider that that code reorg will never happen.

the developer is just writing generic messages for more than a month, notice how he never mentioned an ETA, or if it will be fixed this year at all. 

If he knew it would take so long, wouldn't it be fair, to give people a warning to withdraw their coins, and then lock the wallet.

but he does some shady stuff behind our backs. right now, we shouldn't trust anything the dev says until we see some work on GitHub.

AEON is an open source, so all the work the dev did during the last month should be there, but there is nothing.

So don't be surprised and whiny. I gave you lots of warning more than a month ago to sell the coins when the price was still good.

Can we keep him?
he is my daily entertainment

[g8tguy]

Well, to be honest, it's time to consider that that code reorg will never happen.

the developer is just writing generic messages for more than a month, notice how he never mentioned an ETA, or if it will be fixed this year at all. 

If he knew it would take so long, wouldn't it be fair, to give people a warning to withdraw their coins, and then lock the wallet.

but he does some shady stuff behind our backs. right now, we shouldn't trust anything the dev says until we see some work on GitHub.

AEON is an open source, so all the work the dev did during the last month should be there, but there is nothing.

So don't be surprised and whiny. I gave you lots of warning more than a month ago to sell the coins when the price was still good.

Can we keep him?
he is my daily entertainment

well than, you can give me that 20 EURO coupon you have, as a simple token of appreciation. feel free to PM it here:)

[MisO69]

Well, to be honest, it's time to consider that that code reorg will never happen.

the developer is just writing generic messages for more than a month, notice how he never mentioned an ETA, or if it will be fixed this year at all. 

If he knew it would take so long, wouldn't it be fair, to give people a warning to withdraw their coins, and then lock the wallet.

but he does some shady stuff behind our backs. right now, we shouldn't trust anything the dev says until we see some work on GitHub.

AEON is an open source, so all the work the dev did during the last month should be there, but there is nothing.

So don't be surprised and whiny. I gave you lots of warning more than a month ago to sell the coins when the price was still good.

I don't understand you're expectations here. You want to make money overnight but that's not how this works. That's never how this worked. It normally took years for a coin to make gains other than pump and dumps.. until recently that is. Now that we are in dump phase you're freaking out. Chilll... just sit on your coins Aeon will go up again.

Also this isn't an ICO where people paid the dev millions of dollars to make a product. This is a fair launch no premine coin that is truly decentralized where no one controls it. Smooth was kind enough to lend its investors his time.

[thehihoguy]

For more entertainment check out g8tguys new reddit account^^

/u/mariozigro

@g8tguy
Really curious, why do people like you still stick around in this community if you dont believe in this coin?

[Madinvestor]

Hey guys !

Have you checked SUMOKOIN ? it is a new XMR fork and it looks promising too like AEON 
https://bitcointalk.org/index.php?topic=1905086.0

4 core devs and only 300k dollars marketcap, it may be a good coin to invest in to hedge your portfolio, I own both AEON and SUMO btw
Devs are planning really great things on Sumokoin roadmap, give it a look

Hope both coins will show good things in the future

[jwinterm]

Hey guys !

Have you checked SUMOKOIN ? it is a new XMR fork and it looks promising too like AEON 
https://bitcointalk.org/index.php?topic=1905086.0

4 core devs and only 300k dollars marketcap, it may be a good coin to invest in to hedge your portfolio, I own both AEON and SUMO btw
Devs are planning really great things on Sumokoin roadmap, give it a look

Hope both coins will show good things in the future

SUMO is a straight Monero clone with 10% premine. It's a piece of shit and I hope you get burned for spamming it.

[Madinvestor]

You should stop acting so aggressive and look deeply into things before making false statement. Sumokoin has emitted a great GUI wallet and has a nice roadmap for August, if you think scammers would work so hard on a project this is sad for you. Make your research, check the Telegram and talk with the devs if you are not believing me, but this is far from being a scam. SUmokoin is planning to implement many new things neither Monero or AEON have, for exemple sub-adresses in few weeks..

But well, it is easier to scream "scam" each time a new project appears to be better than the one you invested in. Such an immature attitude for someone who is rated 5 star on Bitcointalk, this is not 4Chan here. Make research before lying..

[Madinvestor]

And no, that is not the only things that will differ from Monero path. The coin is just 2 months old and this month we will see multi-signs and sub-adresses, that's not that bad in a month for a 300k dollars marketcap coin I think. Feel free to PM me when you'll find developers that productive anyway, would like to invest on their project too. Thanks a lot mate !

[jwinterm]

You should stop acting so aggressive and look deeply into things before making false statement. Sumokoin has emitted a great GUI wallet and has a nice roadmap for August, if you think scammers would work so hard on a project this is sad for you. Make your research, check the Telegram and talk with the devs if you are not believing me, but this is far from being a scam. SUmokoin is planning to implement many new things neither Monero or AEON have, for exemple sub-adresses in few weeks..

But well, it is easier to scream "scam" each time a new project appears to be better than the one you invested in. Such an immature attitude for someone who is rated 5 star on Bitcointalk, this is not 4Chan here. Make research before lying..

I'm not lying, it's a straight clone, and their plans to implement features are just features that are nearing completion in Monero. I didn't call it a scam, I said it was a piece of shit. Good luck with your "investment".

[Madinvestor]

"A straight clone" it's called a fork mate. 
And yes as you said, they are implementing new things that are not planned in XMR and who will improve privacy. What about AEON right now ? 
You called a piece of shit a coin with 250k dollars marketcap, two months old with 4 active core devs (more than 90% of the coins), I wonder which one of us will look dumber in 3 months. I leave you there, sad to see crypto community is so full of hatred like always. Good luck with your investment too either way

[jwinterm]

"A straight clone" it's called a fork mate. 
And yes as you said, they are implementing new things that are not planned in XMR and who will improve privacy. What about AEON right now ? 
You called a piece of shit a coin with 250k dollars marketcap, two months old with 4 active core devs (more than 90% of the coins), I wonder which one of us will look dumber in 3 months. I leave you there, sad to see crypto community is so full of hatred like always. Good luck with your investment too either way

There's no novel features now or in development as far as I could tell from asking in the thread and looking at the website. The things they claim to be implementing, multisig and subaddresses, are features far along in development from monero, and if I had to be I would bet sumo people are not working on an independent implementation.

The reason it's garbage/shit/scam/whatever in my opinion is the 10% premine. You can't have a currency that enough people in the real world (read: not crypto "investors") are going to buy into and use for transacting where one party has scooped 10% of all money that will ever exist right off the top from the get go. Even Bitcoin suffered from this for a long time and Satoshi mined his coins over years fairly, but it still took a decade of his stash being static that most people begin to assume they will never move. Huge premine = non starter for me, especially for a clone/fork with zero new features and zero public plans to even implement new features.

Aeon is moving very slowly, but it actually already has at least one actual technical feature that differentiates itself from monero - pruning mode, two if you count modified PoW. And more importantly it has a fair launch with a decent size community of supporters and miners.