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Author Topic: [ANN] AEON: Scalable, private, mobile-friendly cryptocurrency  (Read 622118 times)
bbc.reporter
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August 30, 2018, 01:20:08 AM
 #5521

@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?



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August 30, 2018, 01:49:44 AM
 #5522

@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?


Well, if you're going to "allow" ASICs on the network, then you might as well go with an algorithm that is very fast to verify on low end consumer hardware. Aeon pitches itself as mobile friendly - if you want to run a full validating from a mobile device would you rather verify blocks with sha256 or cryptonight? Aeon isn't quite as bad as Monero with the lite variant, but it's still not exactly a mobile friendly solution. It's not about ASIC proficiency, but once you decide to let ASICs on the network you might as well make it as easy as possible for other users to run a full validating node, which cryptonight is not ideal imo.
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August 31, 2018, 01:19:36 AM
 #5523

@jwinterm. But allowing Asics was never in the roadmap of any cryptocoin, or was not something that was planned. It would also be stupid to change the algorithm to make it easier for Asic manufacturers. In Aeon's situation, it might have been better not have have hardforked to another mining algorithm.

When the community voted for a hardfork to kill the Asics, it cut its supply of hashrate and made the coin more insecure. I reckon it was a shortsighted move.



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August 31, 2018, 01:36:01 AM
 #5524

@jwinterm. But allowing Asics was never in the roadmap of any cryptocoin, or was not something that was planned. It would also be stupid to change the algorithm to make it easier for Asic manufacturers. In Aeon's situation, it might have been better not have have hardforked to another mining algorithm.

When the community voted for a hardfork to kill the Asics, it cut its supply of hashrate and made the coin more insecure. I reckon it was a shortsighted move.

A coin is more secure if *many participants* put a lot of hash power into the network. High hashrate of any particular algorithm doesn't mean high security if the network hash power is dominated by a small group of people such as ASIC manufactures.
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August 31, 2018, 06:45:58 AM
Last edit: August 31, 2018, 07:15:48 AM by smooth
 #5525

@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?


Well, if you're going to "allow" ASICs on the network, then you might as well go with an algorithm that is very fast to verify on low end consumer hardware.

I agree with this point. Cryptnight with ASICs is a stupid combination.

@bbc.reporter

I honestly don't follow the logic that ASICs would result in a higher price. There are not-silly arguments in favor or against ASICs but to expect it to make a 5x difference in price doesn't seem to follow either way from my perspective. You can never fully guess what a market will do but I would more likely see any price difference as marginal. I also find it a somewhat extraordinary claim to expect AEON not to decline a lot in value from crypto-market highs when nearly every other coin has declined a lot in value.

@jwinterm. But allowing Asics was never in the roadmap of any cryptocoin, or was not something that was planned. It would also be stupid to change the algorithm to make it easier for Asic manufacturers. In Aeon's situation, it might have been better not have have hardforked to another mining algorithm.

When the community voted for a hardfork to kill the Asics, it cut its supply of hashrate and made the coin more insecure. I reckon it was a shortsighted move.

A coin is more secure if *many participants* put a lot of hash power into the network. High hashrate of any particular algorithm doesn't mean high security if the network hash power is dominated by a small group of people such as ASIC manufactures.

Mostly agree, although I would say that both dimensions matter. If horizontal axis is hash rate and vertical axis is participants (or perhaps some sort of measure that combines participant count and inverse gini of hash rate), then more secure is diagonal up to the right.

As far as hash rate meaning greater security, you really also have to adjust for algorithm/technology in terms of hash per watt. Monero is not less secure than some $100K market cap SHA256 coin even though the latter may have higher hash rate. IIRC one S9 has a higher hash rate than the entire Monero network. It is silly that being mined by one S9 would be considered a secure network, it is anything but.
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September 01, 2018, 12:17:42 AM
 #5526

@jwinterm. I do not understand. What would the difference be if Bitmain makes an Asic for a cryptocoin that is slow to verify using lowend CPUs and a for a cryptocoin that verifies quickly using the same CPU? How would more Asic proficiency differ between the 2?


Well, if you're going to "allow" ASICs on the network, then you might as well go with an algorithm that is very fast to verify on low end consumer hardware.

I agree with this point. Cryptnight with ASICs is a stupid combination.

@bbc.reporter

I honestly don't follow the logic that ASICs would result in a higher price. There are not-silly arguments in favor or against ASICs but to expect it to make a 5x difference in price doesn't seem to follow either way from my perspective. You can never fully guess what a market will do but I would more likely see any price difference as marginal. I also find it a somewhat extraordinary claim to expect AEON not to decline a lot in value from crypto-market highs when nearly every other coin has declined a lot in value.


Agreed but the investment that Asic manufacturers bring to a cryptocoin's mining infrastructure might translate to longterm value, not only in the price but also in the project itself.

Also, it might be more advantageous to welcome them now than to release hardforks after hardforks to change algorithms that might cut hashrate and nodes supply.



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September 02, 2018, 10:49:51 PM
 #5527

Bounty on reddit for a funding system and other projects afterwards.

https://www.reddit.com/r/Aeon/comments/9bowh3/announcing_the_aeon_ffs_bounty/

The more that participate to get this bounty program moving, the better!
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September 03, 2018, 02:00:30 PM
 #5528

Hi ! Anyone know why HitBtc does not let AEON move. Support does not respond. There is a main acunt AEON. I can not get it out. Or sell it.
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September 03, 2018, 05:34:02 PM
 #5529

Hi ! Anyone know why HitBtc does not let AEON move. Support does not respond. There is a main acunt AEON. I can not get it out. Or sell it.

IMHO no reason linked to the coin, but reason should be linked to this exchange alone.
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September 06, 2018, 01:39:35 AM
 #5530

@galgoczi. It would be best for you if you do not use HitBTC. I have already heard many complaints specifically from the Monero community. They have marked that exchange as off limits from the last time I saw their reddit side panel.



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..BETFURY..
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  ▀▀ ▄▀▄▀ ▀▄▀▄               ██
    █▄▀     ▀▀
LEADING BITCOIN CASINO
SUMMER EVENT FOR $500,000
|✓ Twitter
✓ Telegram

   ▀██

█████▀
█████
 ▀█▀

  █
 ▀▀▀
✓ Discord
✓ Bitcointalk

   ▀██

█████▀
█████
 ▀█▀

  █
 ▀▀▀
...PLAY...
amosfolz
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September 07, 2018, 07:58:24 PM
 #5531

Hey all,

I've setup a new mining pool and am looking for some others to contribute some of their hash rate. So far the pool has mined one block and payouts and other functionality seems to be working great.

aeon.cryptpool.us

Thanks
earechelonfc
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September 10, 2018, 01:40:53 AM
 #5532

AEON is not money electronically free investment with the fund quite raised millions of dollars, you can tell me more is that we invest in, the percentage that investors receive profits since it is how much?
AdamT
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September 10, 2018, 11:33:18 PM
Last edit: September 10, 2018, 11:57:05 PM by AdamT
 #5533

Is there a GUI wallet for this coin yet? Or a way to hold Aeon that doesn't require a terminal window?
bbc.reporter
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September 11, 2018, 01:17:07 AM
 #5534

@AdamT. There was an unofficial GUI before the code rebase which some people have gotten to work in Windows. But now I am not sure if there is a new one, but I heard there is one that was forked from Monero's GUI.

Also try asking in Aeon's Reddit page. They might know the answer. Aeoners in bitcointalk are isolated beings hehehe.



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..BETFURY..
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  ▀▀ ▄▀▄▀ ▀▄▀▄               ██
    █▄▀     ▀▀
LEADING BITCOIN CASINO
SUMMER EVENT FOR $500,000
|✓ Twitter
✓ Telegram

   ▀██

█████▀
█████
 ▀█▀

  █
 ▀▀▀
✓ Discord
✓ Bitcointalk

   ▀██

█████▀
█████
 ▀█▀

  █
 ▀▀▀
...PLAY...
Sipizter
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September 11, 2018, 05:16:59 AM
 #5535

Is there a GUI wallet for this coin yet? Or a way to hold Aeon that doesn't require a terminal window?

https://github.com/aeonix/aeon-gui/releases
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September 11, 2018, 02:59:35 PM
 #5536

Is there a GUI wallet for this coin yet? Or a way to hold Aeon that doesn't require a terminal window?

https://github.com/aeonix/aeon-gui/releases

Yes thank you, can finally move off Bittrex!!

Damn, 50GB blockchain to download on my shitty 7Mbit connection....I'll check back in 2 weeks.
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September 11, 2018, 03:43:31 PM
 #5537

Is there a GUI wallet for this coin yet? Or a way to hold Aeon that doesn't require a terminal window?

https://github.com/aeonix/aeon-gui/releases

Yes thank you, can finally move off Bittrex!!

Damn, 50GB blockchain to download on my shitty 7Mbit connection....I'll check back in 2 weeks.

It's not 50GB. It's about 7GB.
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September 11, 2018, 04:44:12 PM
 #5538

Is there a GUI wallet for this coin yet? Or a way to hold Aeon that doesn't require a terminal window?

https://github.com/aeonix/aeon-gui/releases

Yes thank you, can finally move off Bittrex!!

Damn, 50GB blockchain to download on my shitty 7Mbit connection....I'll check back in 2 weeks.

It's not 50GB. It's about 7GB.

Oh nice, yeah it's already 1/3 way downloaded.
bbc.reporter
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September 12, 2018, 12:41:22 AM
 #5539

Is there a GUI wallet for this coin yet? Or a way to hold Aeon that doesn't require a terminal window?

https://github.com/aeonix/aeon-gui/releases

 Shocked Shocked Shocked

Is that official?? I must be so very isolated. After the unfortunate events during the code rebase with the stoffu versus the Aevengers situation, I stopped going to the Aeon subbreddit.



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..BETFURY..
|                     ▄█
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  ▀▀ ▄▀▄▀ ▀▄▀▄               ██
    █▄▀     ▀▀
LEADING BITCOIN CASINO
SUMMER EVENT FOR $500,000
|✓ Twitter
✓ Telegram

   ▀██

█████▀
█████
 ▀█▀

  █
 ▀▀▀
✓ Discord
✓ Bitcointalk

   ▀██

█████▀
█████
 ▀█▀

  █
 ▀▀▀
...PLAY...
camthegeek
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September 12, 2018, 03:35:20 PM
 #5540

Is there a GUI wallet for this coin yet? Or a way to hold Aeon that doesn't require a terminal window?

https://github.com/aeonix/aeon-gui/releases

 Shocked Shocked Shocked

Is that official?? I must be so very isolated. After the unfortunate events during the code rebase with the stoffu versus the Aevengers situation, I stopped going to the Aeon subbreddit.

It is the official GUI wallet for AEON. 

There is also a funding system for anyone to open a proposal on at https://aeonfunding.com/

There are also a few other projects being discussed on the subreddit as well. It seems to be the hub for communication lately as the IRC channel is locked to registered users only (thanks to freenode spammers) and AEON having little to no other outlets for discussion (aside from a Discord I recently setup).
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