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

[Herry Toms]

why all the coins who with CryptoNight QTY is 18.4M?
Because there are coins just a copy and have not technology to change the code??
 

You are missing to see Ryocurrency while talking about Cryptonote coins, you should check by yourself it has unique features and they have did a lot of work on code improvement even it's algorithm Cryptonight-GPU is one of the best and used by other crypto projects also, First GUI wallet with the solo-mining feature was another good point to look at when you are talking about development.
I know most projects are copypasta but there are also some good ones that we can underestimate.

[1582071135]

1582071135

[1582071135]

1582071135

[1582071135]

1582071135

[1582071135]

1582071135

[1582071135]

1582071135

[bigslimvdub]

Huh? that quote was from 2014....

Aeon has been able to CPU mine solo on CLI and GUI since before Ryo was even a project, and before sumo was even a project that forked from Monero. Solo POOL mine, no. GPU mining is fun but its very inefficient. Aeon is all about efficiency and lightness. Mosu is a good guy, have known him for a while and he created the electron GUI wallet everyone forked to their own coin projects to copypasta. He did good work on it. Very unfortunate that very few people even gave him credit outside Ryo project for his work on that, they just copy paste and say they made it for their project. Nobody even changed the coin headers in the json files they were so lazy., you look at the files and search for "ryo" in them and yea.... If I were to see a project where a dev did that it would be an immediate turnoff as it shows they are too lazy to modify everything because its time-consuming. Take ownership of your copypasta work....

Aeon on the other hand, stoffu works(worked) with monero on monero code and also aeon code and same for smooth, and moo. It's a small ecosystem but people give and take here and there.

[bbc.reporter]

@smooth @stoffu. I reckon Aeon cannot follow and copy this recent development from Monero anymore.

https://www.monerooutreach.org/stories/RPC-Pay.html

I reckon that more public nodes might be needed to meet the demand if we are lucky enough to have more investors, adopters in the next bull market.

[stoffu]

@smooth @stoffu. I reckon Aeon cannot follow and copy this recent development from Monero anymore.

https://www.monerooutreach.org/stories/RPC-Pay.html

I reckon that more public nodes might be needed to meet the demand if we are lucky enough to have more investors, adopters in the next bull market.

The RPC pay system is basically meaningful only for coins with CPU mineable (i.e., ASIC resistant) PoW algorithms. CPU mining in AEON is no longer profitable after the fork, so the RPC pay system makes little sense.

I'm also a bit skeptical about the actual effectiveness of the RPC pay system in general, even for Monero. For someone running a node and offering goods and services with the RPC pay system, he'd need to wait for a long time while continuously serving lots of customers before seeing the actual income (a solo-mined block). The income frequency can be higher for some very large and popular operators (like the top mining pools), but not so much for small businesses.

Also from the customer's point of view, especially in the context of using a remote public node, I think it'll be quite cumbersome to have to top up some credits (by mining) before being able to use the node. Noobs will cry "I don't want to wait!" and there'll be someone willing to offer public nodes without requiring any RPC payment.

We'll see if the RPC payment really proves to be useful or not.

[bbc.reporter]

@smooth. You have been one of the oldest developers of altcoin projects in the cryptospace. What is your view on infinite inflation and the welcoming of Asics for a cryptocoin? Would it not end similar to the diamond market where miners agree to hold supply to create artificial scarcity and manipulate the cryptocoin's price?

I also talked to tromp about this.

https://bitcointalk.org/index.php?topic=5090427.msg53774417#msg53774417

[smooth]

@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.

[bbc.reporter]

@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?

[stoffu]

@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).

[bigslimvdub]

@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. 

[stoffu]

@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.

[smooth]

@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.

[bbc.reporter]

@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.