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

[cryptouser]

@boomboombazooka. Yes I hope so. Aeon has been around longer than most other altcoins but the newer coins have 10x more value in marketcap only because they are marketing their coins well.

But if we look at Aeon, we have nothing. After the code rebase, it will be a Monero copy cat once again. I hope that will change as it develops.

And how is that wrong actually?? it has monero features but with "light" mining algorithm that makes it easier to mine on any device, and thus make the network stronger.
However being so far behind xmr with the algo implementation I have a feeling that a huge dump is going to happen around the fork; those asic miners that are raping the coin right now will get rid of it as soon as it makes the changes

[1624076983]

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[stoffu]

Name for the next release:
https://github.com/aeonix/aeon-rebase/issues/6

[bbc.reporter]

@boomboombazooka. Yes I hope so. Aeon has been around longer than most other altcoins but the newer coins have 10x more value in marketcap only because they are marketing their coins well.

But if we look at Aeon, we have nothing. After the code rebase, it will be a Monero copy cat once again. I hope that will change as it develops.

And how is that wrong actually?? it has monero features but with "light" mining algorithm that makes it easier to mine on any device, and thus make the network stronger.
However being so far behind xmr with the algo implementation I have a feeling that a huge dump is going to happen around the fork; those asic miners that are raping the coin right now will get rid of it as soon as it makes the changes

How? It is very wrong. A proprivacy cryptocoin like Aeon is depending on real usage for it to become more valuable. We in the Aeon community are not only supporting and holding it because it will grow our investment, but we are also here with the hope that Aeon will be another widely utilized coin like bitcoin. But how can we achieve that by being a Monero copy cat? Then the users would preferably use Monero. It has more volume, more nodes and a larger community.

[smooth]

@bbc I'm not sure what you are going on about being a "Monero copy cat" after the fork?

As far as I can tell there is no real change in the relative positioning vs. Monero pre- and post-fork. AEON started out as a Monero fork/clone and had some unique changes made to it, which will remain after the fork. The only thing that is really changing is replacing the 2-year old Monero code that was the base of the original fork with a currently-updated baseline.

Actually at this point it is more diverged from Monero than it has ever been since Monero has gone full RingCT (without BP) with huge 12 KB transactions and AEON has not (which means there is a clear tradeoff in terms of smaller/cheaper transactions with moderate privacy vs. a deeper level of privacy at much higher cost). We will probably adopt bulletproofs in some manner so that divergence will resolve to partial convergence but there will still be differences. As an ongoing trajectory I don't see the post-fork copy cat argument making sense.

[Digital Galaxy]

I am pondering how Aeon will be different from Monero.
Monero's definitely on a solid trajectory, both in value and in stability use. Aeon can only hope to follow in it's footsteps as a sister coin.

[Millionero]

With all this talk of Monero copycats, I would just like to say...
Will the real Monero Cat please stand up?

[bbc.reporter]

@bbc I'm not sure what you are going on about being a "Monero copy cat" after the fork?

As far as I can tell there is no real change in the relative positioning vs. Monero pre- and post-fork. AEON started out as a Monero fork/clone and had some unique changes made to it, which will remain after the fork. The only thing that is really changing is replacing the 2-year old Monero code that was the base of the original fork with a currently-updated baseline.

Actually at this point it is more diverged from Monero than it has ever been since Monero has gone full RingCT (without BP) with huge 12 KB transactions and AEON has not (which means there is a clear tradeoff in terms of smaller/cheaper transactions with moderate privacy vs. a deeper level of privacy at much higher cost). We will probably adopt bulletproofs in some manner so that divergence will resolve to partial convergence but there will still be differences. As an ongoing trajectory I don't see the post-fork copy cat argument making sense.

Yes there will be small differences, but what I mean is we cannot suppose Aeon's price to reach new highs if it only copies from what Monero is doing. Maybe the term Monero copycat is the wrong one to use. But you know what I mean. If Aeon has to ascend on its own then it has to develop its own ideas.

Blockchain pruning was developed in Aeon. I reckon developing that further to be more efficient might make giant strides for the project.

[estenity]

@bbc I'm not sure what you are going on about being a "Monero copy cat" after the fork?

As far as I can tell there is no real change in the relative positioning vs. Monero pre- and post-fork. AEON started out as a Monero fork/clone and had some unique changes made to it, which will remain after the fork. The only thing that is really changing is replacing the 2-year old Monero code that was the base of the original fork with a currently-updated baseline.

Actually at this point it is more diverged from Monero than it has ever been since Monero has gone full RingCT (without BP) with huge 12 KB transactions and AEON has not (which means there is a clear tradeoff in terms of smaller/cheaper transactions with moderate privacy vs. a deeper level of privacy at much higher cost). We will probably adopt bulletproofs in some manner so that divergence will resolve to partial convergence but there will still be differences. As an ongoing trajectory I don't see the post-fork copy cat argument making sense.

Yes there will be small differences, but what I mean is we cannot suppose Aeon's price to reach new highs if it only copies from what Monero is doing. Maybe the term Monero copycat is the wrong one to use. But you know what I mean. If Aeon has to ascend on its own then it has to develop its own ideas.

Blockchain pruning was developed in Aeon. I reckon developing that further to be more efficient might make giant strides for the project.

there may be another potent motivator for newcomers:
with 190 usd you have the choice to get one xmr or 100 aeons, if you want to invest in a privacy-oriented coin presently, with a comparable technology.

[smooth]

@bbc I'm not sure what you are going on about being a "Monero copy cat" after the fork?

As far as I can tell there is no real change in the relative positioning vs. Monero pre- and post-fork. AEON started out as a Monero fork/clone and had some unique changes made to it, which will remain after the fork. The only thing that is really changing is replacing the 2-year old Monero code that was the base of the original fork with a currently-updated baseline.

Actually at this point it is more diverged from Monero than it has ever been since Monero has gone full RingCT (without BP) with huge 12 KB transactions and AEON has not (which means there is a clear tradeoff in terms of smaller/cheaper transactions with moderate privacy vs. a deeper level of privacy at much higher cost). We will probably adopt bulletproofs in some manner so that divergence will resolve to partial convergence but there will still be differences. As an ongoing trajectory I don't see the post-fork copy cat argument making sense.

Yes there will be small differences, but what I mean is we cannot suppose Aeon's price to reach new highs if it only copies from what Monero is doing. Maybe the term Monero copycat is the wrong one to use. But you know what I mean. If Aeon has to ascend on its own then it has to develop its own ideas.

Blockchain pruning was developed in Aeon. I reckon developing that further to be more efficient might make giant strides for the project.

Actually I don't. The only thing we are arguably copying is RingCT, which aren't even being included in this version due to their enormous size/cost!

Other than that we are just taking the Monero code on which AEON was originally based (4 years old) and replacing it with up to date Monero code. I don't understand how that is a negative. Do you update your OS?

We can absolutely continue to innovate if that's what the AEON community wants (and there are developers who want to do the work, potentially paid). Being smaller than Monero has definite advantages in that regard. We don't have to coordinate with 20 or more exchanges on every important update and hard fork. A smaller community has naturally less political barriers to change (though with growth that will come here too). We have a relatively larger dev fund. None of this is anything new.

[bbc.reporter]

@smooth. Yes we should without doubt innovate, but on the simplest areas of the project like a more efficient blockchain pruning, or a less power hungry proof of work algorithm, something.

[cryptouser]

@smooth. Yes we should without doubt innovate, but on the simplest areas of the project like a more efficient blockchain pruning, or a less power hungry proof of work algorithm, something.

Among the other reasons this is also why I love this coin I think it has the least power-hungry algo I've ever mined so far...

[bct-aeon]

@bbc I'm not sure what you are going on about being a "Monero copy cat" after the fork?

As far as I can tell there is no real change in the relative positioning vs. Monero pre- and post-fork. AEON started out as a Monero fork/clone and had some unique changes made to it, which will remain after the fork. The only thing that is really changing is replacing the 2-year old Monero code that was the base of the original fork with a currently-updated baseline.

Actually at this point it is more diverged from Monero than it has ever been since Monero has gone full RingCT (without BP) with huge 12 KB transactions and AEON has not (which means there is a clear tradeoff in terms of smaller/cheaper transactions with moderate privacy vs. a deeper level of privacy at much higher cost). We will probably adopt bulletproofs in some manner so that divergence will resolve to partial convergence but there will still be differences. As an ongoing trajectory I don't see the post-fork copy cat argument making sense.

Yes there will be small differences, but what I mean is we cannot suppose Aeon's price to reach new highs if it only copies from what Monero is doing. Maybe the term Monero copycat is the wrong one to use. But you know what I mean. If Aeon has to ascend on its own then it has to develop its own ideas.

Blockchain pruning was developed in Aeon. I reckon developing that further to be more efficient might make giant strides for the project.

Actually I don't. The only thing we are arguably copying is RingCT, which aren't even being included in this version due to their enormous size/cost!

Other than that we are just taking the Monero code on which AEON was originally based (4 years old) and replacing it with up to date Monero code. I don't understand how that is a negative. Do you update your OS?

We can absolutely continue to innovate if that's what the AEON community wants (and there are developers who want to do the work, potentially paid). Being smaller than Monero has definite advantages in that regard. We don't have to coordinate with 20 or more exchanges on every important update and hard fork. A smaller community has naturally less political barriers to change (though with growth that will come here too). We have a relatively larger dev fund. None of this is anything new.

we will hopefully see more exchanges adding aeon after the rebase/hard fork, so coordination will probably not be as easy in the future.

I think small innovation would be good (like a new pruning branch on top of the newest release; and then evaluating if this feature makes sense to keep) as long as we can update our codebase to newest monero release.

otherwise we need a full time dev just to do the same improvements as monero already does (and many from us are also active in the monero community and are helping to fund bounties for moneromooo and others, so it would be a waste of money and time).

is there a list of what we could add to aeon?

[stoffu]

Call for participation: Testing difficulty reset on stagenet (fork scheduled TOMORROW)
https://www.reddit.com/r/Aeon/comments/8lenj0/call_for_participation_testing_difficulty_reset/

[bbc.reporter]

@stoffu. I will do if I have some time. I am doing some renovations in my apartment kitchen hehehe.

In any case, has Bittrex already replied if they will support the hardfork? I reckon that they have no choice but to support it right?

[stoffu]

@stoffu. I will do if I have some time. I am doing some renovations in my apartment kitchen hehehe.

In any case, has Bittrex already replied if they will support the hardfork? I reckon that they have no choice but to support it right?

I've never contacted Bittrex. I remember smooth or katiecharm told them that there'll be an update soon although the official release is yet to be announced.

[Elder III]

Call for participation: Testing difficulty reset on stagenet (fork scheduled TOMORROW)
https://www.reddit.com/r/Aeon/comments/8lenj0/call_for_participation_testing_difficulty_reset/

I'd love to help, but I don't have the knowledge or experience to do so .

[mattcode]

Call for participation: Testing difficulty reset on stagenet (fork scheduled TOMORROW)
https://www.reddit.com/r/Aeon/comments/8lenj0/call_for_participation_testing_difficulty_reset/

Will it work (/not work) like the Bitcoin Cash EDA? Or is it just a one-off thing straight after the fork.

[stoffu]

Call for participation: Testing difficulty reset on stagenet (fork scheduled TOMORROW)
https://www.reddit.com/r/Aeon/comments/8lenj0/call_for_participation_testing_difficulty_reset/

Will it work (/not work) like the Bitcoin Cash EDA? Or is it just a one-off thing straight after the fork.

Though I don’t know much about Bitcoin Cash’s EDA, most likely ours is different as it is simple resetting of difficulty to some predefined 'reasonable' value and ignoring all the difficulties prior to the fork. It’s like as if a new coin is launched with some predefined difficulty greater than 1.

[smooth]

Call for participation: Testing difficulty reset on stagenet (fork scheduled TOMORROW)
https://www.reddit.com/r/Aeon/comments/8lenj0/call_for_participation_testing_difficulty_reset/

Will it work (/not work) like the Bitcoin Cash EDA? Or is it just a one-off thing straight after the fork.

EDA (or any algorithm based on the consensus difficulty model) still requires at least finding some blocks. That only really makes sense if you don't expect a BIG drop, or if you have a significant mining infrastructure that isn't motivated by mining profits. Otherwise, if the difficulty is too high, most/all miners will leave and you will never get blocks (or not for an unacceptably long time).

In this case the reset is based on the recognition that carrying over difficulty from a different algorithm doesn't make sense at all. For example, imagine switching from SHA256 to cryptonight. The difficulty would have to drop by orders of magnitude to even find any blocks.

This case isn't quite as extreme, but switching from an ASIC algorithm to a non-ASIC variant is still quite extreme. In any case it is conceptually the same that 'difficulty' only makes sense relative to a particular algorithm and carrying over does not make sense. We will simply reset the difficulty to a reasonable value slightly below where it seems like it should be based on profitability, but not so low as to allow mining a large number of blocks at low difficulty. My current thinking is around 1 billion. If that is wrong, it will still adjust pretty fast.

[mattcode]

Thanks, that's what I wanted to know . I was just worried because the Bitcoin Cash EDA implementation allowed it to be gamed by miners which made the block times fly all over the place.