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Author Topic: [ANN] AEON: Scalable, private, mobile-friendly cryptocurrency  (Read 622297 times)
bbc.reporter
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March 21, 2018, 02:23:32 AM
 #5241

I just read about Siacoin and Bitmain. The Sia developers are only shady for not allowing an open market for the creation of Asics. They want to corner the market like Bitmain hehehe.

That was certainly worse, but I don't agree that's when it started. As soon as they decided to start their own ASIC company they lost the ability to be unconflicted on development decisions. As you say, they made a lot of arguments about how good ASICs are for a coin. Maybe those arguments were sincere but we can never know because the way they set things up they had a huge incentive to "sell" ASICs to the community (because, quite literally, they were selling their own product).

Anyway, this is kind of off topic to AEON.

BTW, I have no interest in any mining companies Smiley

I just read your proposal for an ASIC-friendly Monero. I agree with points 1, 4 and 6 and I reckon it might be easier to do this in Aeon than Monero. Fluffypony has already been very vocal about breaking ASICs and nothing will change that. He also has the community backing him up.

On Aeon. We know that it will always be living in the shadow of Monero, so why not take the leap and be open to ASICs?

Aeon can act as a testbed and it can protect Monero at the same time.

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March 21, 2018, 02:46:57 PM
 #5242

Many people think that AEON still has great potential, is now in the very period, hope that the project will be up.

Why do you think like that Huh
Everything is still running smoothly.
The AEON project is the only rare project.
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March 22, 2018, 03:06:45 PM
 #5243

Is there any other project that can be dangerous for AEON ?

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March 22, 2018, 04:12:46 PM
 #5244

Is there an easy tutorial available to do CPU and GPU mining combine on VPS servers
i will be using Ubuntu OS
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March 23, 2018, 12:01:00 AM
 #5245

Is there any other project that can be dangerous for AEON ?

There are a few but a lot of them are premine scams. AEON is doing its own thing rather nicely so there is no need for FUD.

The source from which existing things derive their existence is also that to which they return at their destruction.
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March 23, 2018, 02:01:53 AM
 #5246

Aeon Community Announcement: Vote for AEON to be listed on CryptalDash.com Exchange.

Aeon has been featured in the New Coin Listing Competition, this is your chance to grow the market cap and liquidity pool of Aeon.

Support your coin by voting now, voting ends in 10 days.(Aeon is currently in last place with 0 votes)

https://www.cryptaldash.com/new-coin-listing


Done. Aeon needs more exposure on any exchange, whether it can offer high volume or not. It is also very obvious that we are so behind the other altcoins in development and market exposure. I reckon embracing ASIC mining might vitalize Aeon and propel it to the top 50 of Coinmarketcap.

Does anyone else accept smooth's proposal for ASIC-friendliness?

https://github.com/monero-project/monero/issues/3387

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March 23, 2018, 04:32:23 AM
 #5247

Aeon Community Announcement: Vote for AEON to be listed on CryptalDash.com Exchange.

Aeon has been featured in the New Coin Listing Competition, this is your chance to grow the market cap and liquidity pool of Aeon.

Support your coin by voting now, voting ends in 10 days.(Aeon is currently in last place with 0 votes)

https://www.cryptaldash.com/new-coin-listing


Done. Aeon needs more exposure on any exchange, whether it can offer high volume or not. It is also very obvious that we are so behind the other altcoins in development and market exposure. I reckon embracing ASIC mining might vitalize Aeon and propel it to the top 50 of Coinmarketcap.

Does anyone else accept smooth's proposal for ASIC-friendliness?

https://github.com/monero-project/monero/issues/3387

It hasn't been feasible for me to mine with my GPUs for ages. What would really change for normal miners anyways? This could be the future for AEON - albeit not what I originally wanted (since I am largely against ASICS).

The source from which existing things derive their existence is also that to which they return at their destruction.
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March 23, 2018, 07:23:10 AM
 #5248

Please don't kill all the good projects...  Shocked

CPU algo is one of the biggest upsides (as far as i see it) of this project.
Going asic friendly will - IMHO - kill the potential for a truly decentralized network.
Asics have no other purpose than to support a coin (any coin which pays the most) and are - again IMHO - just a figment of current economists (it's just a speculation tool - again IMHO).

On the other hand, everybody has CPUs and we use them for many different purposes, and we can support the network while we don't need the CPU time for other things.

There are coins out there which have mining implemented in a way which prevents the use of pools and thus establishes a perfectly (with the exception of GPU farms) distributed network.


My suggestions would be to:

1 - make it impossible to use mining pools or greatly incentivise solo mining

and/or

2 - encourage use of transparent and sustainable botnets


ATM i have no idea how to really do either (i just fell into the thread after a month), however i'm sure we can do it if we put our heads together.

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March 24, 2018, 01:02:48 AM
 #5249

@Hiyatus. I may risk sounding like a greedy person but ASIC manufacturers and professional miners are driven by profit. If a manufacturer like Bitmain enters Aeon mining then it would be in their interest that Aeon becomes one of the top 10 cryptocoins in the world.

If we don't embrace ASICs, another Cryptonote project will.

 

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March 24, 2018, 09:03:02 AM
 #5250

@bbc.reporter yes this is #crypto vs $crypto debate unfortunately.
I'm in favor of CPUs over a quick pump.

I'm not saying my suggestions are the best i just suggested an alternative solution. And it's just my personal views and preferences, nothing more.

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March 24, 2018, 09:34:15 AM
 #5251

In my opinion, if a coin wants to grow in value needs an economy around it, maybe asic industry isn't a bad idea but before must be planed how can decentralization of mining power can be forced if it's possible


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March 24, 2018, 09:41:45 AM
 #5252

In my opinion, if a coin wants to grow in value needs an economy around it, maybe asic industry isn't a bad idea but before must be planed how can decentralization of mining power can be forced if it's possible
Perhaps you call one of the main factors in order that the coin showed growth. But already coins grow not as earlier on news it is simple. Can already influence the price in the much bigger and different ways. It is possible to carry to their number also FUN, advertizing and a lot of things still another.
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March 24, 2018, 02:54:59 PM
 #5253

about the only thing that made sense to me was the argument that altering the algo could potentially introduce exploitable vulnerabilities .   Inadvertently or otherwise.


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March 25, 2018, 01:33:30 AM
 #5254

@bbc.reporter yes this is #crypto vs $crypto debate unfortunately.
I'm in favor of CPUs over a quick pump.

I'm not saying my suggestions are the best i just suggested an alternative solution. And it's just my personal views and preferences, nothing more.

But it is not a quick pump. If you think about it more closely, an ASIC manufacturing industry behind a coin might be beneficial to its value and survivability for the long term.

ASIC manufacturing companies like Bitmain will only enter a market if they profit big. Once they do they will do everything they can to maintain that state of profitability.

But yes, I am aware of the centralization side effects. I reckon that might be a necessary gambit if we want to Aeon to develop further and become a top 20 cryptocoin.

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March 27, 2018, 02:34:46 PM
 #5255

My suggestions would be to:
1 - make it impossible to use mining pools or greatly incentivise solo mining
I think this could easily be done - to change the algorithm of AEON to softcryton like the SLD. Only cpu-solo works perfectly and the same light cryptonote as the aeon algorithm (CryptoNight-Lite) ... maybe even lighter.

SHELLS - Experimental utility token. Branding and graphic design on the blockchain.

TOPIC ON BITCOINTALK
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March 29, 2018, 01:12:04 AM
 #5256

@smooth. I am sure that you have already read this whitepaper on Monero's traceability.

https://arxiv.org/pdf/1704.04299/

I went to the Monero subreddit and what I saw was some Monerotards calling FUD quickly without properly thinking about how this seriously affects Cryptonote coins.

Can you give us your thoughts on the situation and how that affects Aeon? Would a simple sub addresses feature help?

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March 29, 2018, 07:23:25 AM
 #5257

@smooth. I am sure that you have already read this whitepaper on Monero's traceability.

https://arxiv.org/pdf/1704.04299/

I went to the Monero subreddit and what I saw was some Monerotards calling FUD quickly without properly thinking about how this seriously affects Cryptonote coins.

Can you give us your thoughts on the situation and how that affects Aeon? Would a simple sub addresses feature help?

@bbc.reporter,shifting to reddit and whatsapp is a general present phenomenon, evidenced by audience studies, as well as facebook decay.

so i agree (with you,I think), that it is important to keep bitcointalk alive.
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March 31, 2018, 10:16:38 PM
Merited by bbc.reporter (1)
 #5258

@smooth. I am sure that you have already read this whitepaper on Monero's traceability.

https://arxiv.org/pdf/1704.04299/

I went to the Monero subreddit and what I saw was some Monerotards calling FUD quickly without properly thinking about how this seriously affects Cryptonote coins.

Can you give us your thoughts on the situation and how that affects Aeon? Would a simple sub addresses feature help?

A subaddress feature does not directly address any of the issues in the paper however it is still useful for some privacy enhancing use cases outside the scope of the paper.

The paper itself is a slightly-modified rerelease of the same one that was released last year. Both were and are heavily backed and promoted by Zcash supporters and can't in any way be considered as objective third party analysis. While some of the findings are legitimate, a lot of framing and promotion of the paper is actually very misleading (whether you want to call that "FUD" is a personal choice but I don't find it to be a terribly inaccurate label).

For example, there are many tweets etc. repeating the talking point that X% (some high number, various different numbers have appeared) of Monero transactions were found to be traceable, rarely is it explained in these attention grabbers that even the paper itself explains (if you read the whole thing) that:

1. Older versions of Monero, 2016 or earlier have some high number of traceable outputs.
2. More recent versions have essentially 0% traceable outputs.
3. Newer data from 2017 and 2018 is excluded from consideration by the paper at all, skewing the total percentages a lot higher.
4. That the paper horribly conflates percentages of actual traceability and percentages derived from heuristic guesses that skew probabilities somewhat (and even that is mitigated in recent versions) but aren't able to trace any transactions at all.

AEON is similar to Monero post-2016 but pre-RingCT (and before other mitigations, some of which will arrive with the rebase), so somewhere in between. There is some degree of traceability but nowhere near as bad as the earlier Monero versions with unlimited (and large majority in practice) 0-mixin transactions.

Users can best protect themselves by performing some degree of churn (resend to self, preferably with unpredictable delays) in high risk situations. This is especially effective in AEON since the transaction fees are much lower than Monero (post-RingCT), making churn relatively inexpensive.
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April 01, 2018, 01:20:39 AM
Last edit: April 01, 2018, 02:15:32 AM by bbc.reporter
 #5259

Thank you for the indepth reply. Ok, it was nothing but FUD after all. Maybe I was too quick to judge the Monerotard hehehe. But these days, calling FUD without any explanation why has already become so annoying. It shows that some people treat a cryptocoin like their religion. That should stop, it is not healthy hehe.

In any case, I am happy that all issues are fixed. Thank you.

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April 01, 2018, 12:06:47 PM
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 #5260

PSA: Rebase close to completion, testers welcome
https://www.reddit.com/r/Aeon/comments/88q6wi/psa_rebase_close_to_completion_testers_welcome/

Pre-release (CLI+GUI for Linux/Mac/Windows): https://github.com/stoffu/monero-core/releases/tag/v0.1.7
Source code
Block explorer (https://github.com/stoffu/onion-monero-blockchain-explorer/tree/aeon)
Mining pool (https://github.com/stoffu/cryptonote-xmr-pool/tree/aeon)
Miners compatible with the new POW

Please remember not to point too much hash power to the testnet, so that others can still easily mine blocks.
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