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Author Topic: [ANN] AEON: Scalable, private, mobile-friendly cryptocurrency  (Read 622028 times)
smooth
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February 07, 2020, 09:28:57 AM
Last edit: February 07, 2020, 11:46:30 AM by smooth
Merited by vapourminer (1)
 #5981

@bbc.reporter

I agree with you that IF there is a mining cartel, then all sorts of bad things happen, not only manipulating supply but also censorship, confiscation, and even inflation.

Most of the security of PoW depends on there not being a cartel.

Whether ASICs inevitably lead to a cartel is debatable.

Whether external factors (e.g. access to energy) lead to a cartel regardless of ASICs is also debatable.

Finally whether ASIC resistance is futile is also debatable.

People who are claim to be sure about these things are either lying, ignorant, or so much smarter than me that I can't differentiate between their superintelligence and ignorance.

Long term success of cryptocurrencies is unknowable and will probably require no small amount of luck. Which by the way, I would say there has been already to get as far as we have.

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February 10, 2020, 12:34:10 AM
 #5982

@smooth. Whether ASICs inevitably lead to a cartel is debatable.

However, a cryptocoin that welcomes Asics and a monetary policy with an infinite supply might be more at risk to coin distribution manipulation by miners than cryptocoins that halves issuance.


Finally whether ASIC resistance is futile is also debatable.

Aeon might also have made the wrong decision on changing to K12?


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February 10, 2020, 03:14:36 AM
 #5983

@bbc.reporter

I agree with you that IF there is a mining cartel, then all sorts of bad things happen, not only manipulating supply but also censorship, confiscation, and even inflation.


I don't quite see how a mining cartel can manipulate the supply. Any miners who violate the emission rule get immediately ignored by the network as they're seen as following a different protocol (like how Bitcoin Cash is irrelevant to Bitcoin).
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February 10, 2020, 04:00:48 AM
Merited by philipma1957 (2), vapourminer (1)
 #5984

@bbc.reporter

I agree with you that IF there is a mining cartel, then all sorts of bad things happen, not only manipulating supply but also censorship, confiscation, and even inflation.


I don't quite see how a mining cartel can manipulate the supply. Any miners who violate the emission rule get immediately ignored by the network as they're seen as following a different protocol (like how Bitcoin Cash is irrelevant to Bitcoin).


I think he was referring to a single entity that holds a large portion of remaining coins being able to manipulate the above ideas due to the fact that average joe does not have many coins. Sort of like how Coinbase has a large % of certain coins, where if those were to disappear from the market, could adversely affect market valuations.

Supply wise, once tail emissions kick in, the above holder can manipulate the chain in many ways. It's no different than one ASIC operator controlling 93.5% of a blockchains hash power for two years, most likely to increase holdings for such a manner. 
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February 10, 2020, 05:03:38 AM
 #5985

@bbc.reporter

I agree with you that IF there is a mining cartel, then all sorts of bad things happen, not only manipulating supply but also censorship, confiscation, and even inflation.


I don't quite see how a mining cartel can manipulate the supply. Any miners who violate the emission rule get immediately ignored by the network as they're seen as following a different protocol (like how Bitcoin Cash is irrelevant to Bitcoin).


I think he was referring to a single entity that holds a large portion of remaining coins being able to manipulate the above ideas due to the fact that average joe does not have many coins. Sort of like how Coinbase has a large % of certain coins, where if those were to disappear from the market, could adversely affect market valuations.

Supply wise, once tail emissions kick in, the above holder can manipulate the chain in many ways. It's no different than one ASIC operator controlling 93.5% of a blockchains hash power for two years, most likely to increase holdings for such a manner. 

Terms like supply and inflation have clear definitions. I don't see how this kind of abuse of terms is useful.
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February 10, 2020, 07:53:48 PM
 #5986

@bbc.reporter

I agree with you that IF there is a mining cartel, then all sorts of bad things happen, not only manipulating supply but also censorship, confiscation, and even inflation.


I don't quite see how a mining cartel can manipulate the supply. Any miners who violate the emission rule get immediately ignored by the network as they're seen as following a different protocol (like how Bitcoin Cash is irrelevant to Bitcoin).

Literally they can not, but in effect a miner (cartel) which is able to selectively block or insist on higher fees on coins that are not its own can increase its share of the total supply, which is equivalent to increasing inflation (on everyone else).

Without censorship resistance you lose what is useful about a programmed supply rule (that your holdings are only diluted at the specified rate), even if the literal supply rule is still there.
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February 14, 2020, 03:29:53 AM
 #5987

@bbc.reporter

I agree with you that IF there is a mining cartel, then all sorts of bad things happen, not only manipulating supply but also censorship, confiscation, and even inflation.


I don't quite see how a mining cartel can manipulate the supply. Any miners who violate the emission rule get immediately ignored by the network as they're seen as following a different protocol (like how Bitcoin Cash is irrelevant to Bitcoin).


I think he was referring to a single entity that holds a large portion of remaining coins being able to manipulate the above ideas due to the fact that average joe does not have many coins. Sort of like how Coinbase has a large % of certain coins, where if those were to disappear from the market, could adversely affect market valuations.

Supply wise, once tail emissions kick in, the above holder can manipulate the chain in many ways. It's no different than one ASIC operator controlling 93.5% of a blockchains hash power for two years, most likely to increase holdings for such a manner. 

Yes, similar to the control of the diamond market by the De Beers where they manipulate the prices. I reckon that this might done more on cryptocoins with unlimited supply and miners place themselves as something similar to the federal reserve hehehe.


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February 22, 2020, 04:57:02 AM
 #5988

Anyone can feel free to update the timeline and send a PR req for it: https://aeoncommunity.github.io/information/timeline.html

I haven't updated since September
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February 22, 2020, 05:58:55 PM
 #5989

short discussion on reddit: aeon.to updated.

https://www.reddit.com/r/Aeon/comments/f5sar1/aeonto_updated/
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February 24, 2020, 02:24:14 AM
Merited by estenity (1)
 #5990

@estenity. It is good to know that xmr.to is vouching for it. Also, their recognition on Aeon as an alternative to Monero is enough to make it the no.2 cryptonote coin in the cryptospace.


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March 04, 2020, 01:27:40 AM
 #5991

@smooth. Are you maintaining your status as a Steemit witness up to now? I heard there was a takeover of the project by Justin Sun and his friends the exchanges hehehe. I want to know what are your opinions on the issue.

I reckon this shows that the exchanges might the real powers behind the cryptospace.


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March 04, 2020, 11:03:50 AM
 #5992

@smooth. Are you maintaining your status as a Steemit witness up to now? I heard there was a takeover of the project by Justin Sun and his friends the exchanges hehehe. I want to know what are your opinions on the issue.

I reckon this shows that the exchanges might the real powers behind the cryptospace.

I stepped down shortly before the drama as I anticipated it (though not the specific details of what has played out of course) and was already feeling like my time investment there was getting to be more than I wanted, with upcoming drama likely to increase it.

Exchanges are clearly the real powers behind any proof of stake type coins. In practice, regardless of how theory is supposed to work, customers deposit huge numbers of coins on exchange which the exchanges can then use (legitimately, illegitimately, or in gray area situations) to dominate the chain consensus, despite having no real skin in the game at all. With other coins it is a bit more debatable. Obviously exchanges still have a lot of influence over what coins get traded and this influences their value, but it is less clear when influence is more diffuse among holders, developers, miners, and exchanges.

Sorry for OT for the AEON thread, if you want to continue the discussion please take it to a Steem or Steemit thread.
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March 12, 2020, 03:58:06 AM
 #5993

What a concept. Allowing people who view blog posts to fund their blogs with a cryptocurrency.

It looks like they were a fork of Monero.

Also looks like people are making potentially hundreds of dollars a week with legitimate posts as well.
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March 12, 2020, 04:21:49 AM
 #5994

@bigslimvdub. We were talking about Steem, a delegated proof of stake coin. It is not a fork of Monero hehehe.

In any case, @smooth, I asked this similar question on the Grin announcement thread. Is Aeon ready to be an anonymous enough cryptocoin to be the primary medium of exchange in the forum for privacy protection and unlinkability?


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jwinterm
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March 13, 2020, 02:40:39 PM
 #5995

Hi,
We have added Aeon on our services.
Check out for free which Aeon source code is probably based on. Check out our code analysis: https://coincode.sh/c/aeon/
Did you know that most of the replies to the Aeon BitcoinTalk thread are Legendary Members? Check out our thread analysis: https://cointhread.sh/c/aeon/
Regards,

Lol we all know Aeon is based on Monero and this thread is full of old timer bagholders Cheesy
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March 14, 2020, 01:31:15 AM
 #5996

@jwinterm. I reckon many of the oldtime bagholders have already dumped and begun doing something else with their lives. americanpegasus has sold, became an Uber driver and declared herself to be in debt. She might only be doing it to avoid the IRS hehehehe.


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March 14, 2020, 06:42:16 AM
 #5997

@jwinterm. I reckon many of the oldtime bagholders have already dumped and begun doing something else with their lives. americanpegasus has sold, became an Uber driver and declared herself to be in debt. She might only be doing it to avoid the IRS hehehehe.

is he/she an american ?
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March 14, 2020, 09:25:16 PM
 #5998

@jwinterm. I reckon many of the oldtime bagholders have already dumped and begun doing something else with their lives. americanpegasus has sold, became an Uber driver and declared herself to be in debt. She might only be doing it to avoid the IRS hehehehe.

Sure, I didn't say everyone was still active here, just that this thread is its entirety mostly composed of.
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March 16, 2020, 01:36:32 AM
 #5999

@wavessurfing. She is American.

@jwinterm. Agreed. I reckon checking the activity on this thread might be a good price predictor for Aeon hehehe. Higher activity from not bagholders, the price might pump hehehehe.


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March 18, 2020, 10:40:09 PM
 #6000

Hi all! Please help me
I cannot run the GUI wallet   Sad

aeon-wallet-gui: error while loading shared libraries: libpng12.so.0: cannot open shared object file: No such file or directory

But on the Ubuntu 18 there is only newer libpng16 already installed.
What would you do?
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