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

[bbc.reporter]

Latest State of Aeon out. Check it out!

https://medium.com/@AEON_Community/the-state-of-aeon-3-10-2019-9bb116f0df3d

I reckon you missed the whole idea of stoffu's argument in his proposal. This is what he said and you should post this in your state of Aeon article.



There is no such thing as ASIC resistant PoW.

Whether someone creates an ASIC or not is not determined by how technologically difficult it is to do so, but how economically sensible it is to do so; i.e., when a coin gets more adopted and the price rises, ASICs will appear no matter what.

https://www.reddit.com/r/Aeon/comments/aw2xhn/proposal_to_switch_to_sha3_proof_of_work/

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[estenity]

Latest State of Aeon out. Check it out!

https://medium.com/@AEON_Community/the-state-of-aeon-3-10-2019-9bb116f0df3d

I reckon you missed the whole idea of stoffu's argument in his proposal. This is what he said and you should post this in your state of Aeon article.



There is no such thing as ASIC resistant PoW.

Whether someone creates an ASIC or not is not determined by how technologically difficult it is to do so, but how economically sensible it is to do so; i.e., when a coin gets more adopted and the price rises, ASICs will appear no matter what.

https://www.reddit.com/r/Aeon/comments/aw2xhn/proposal_to_switch_to_sha3_proof_of_work/

as a result of last monero fork for hashrate:

https://bitcointalk.org/index.php?topic=583449.msg50122130#msg50122130

[bbc.reporter]

@estenity. That is why stoffu made his proposal. However, there are some people in the Aeon community who are clearly making it appear the problem is entirely something else.

The writers of State of Aeon might be trying to avoid the real issue hehehe. Read what they wrote, these are not stoffu's reasons. I shake my head at this.


Allow Aeon to stand out from the rest of the CN community by being the first Cryptonight Light coin to use SHA3.

Allow Aeon to move away from its close following of Monero to give itself a unique existence.

Allow a test base for CN protocols on SHA3 for possible future integration of other CN projects.

Possibly increased interest of developers in the Aeon project.

Allow for possible value increase due to increased notoriety of the project.

https://medium.com/@AEON_Community/the-state-of-aeon-3-10-2019-9bb116f0df3d

[CentolaNickki]

 The project seems one of a kind and i think can show tremendous growth in future. Looking at the previous works of the company and the current clients, i have to say that the team of the project is very hardworking and dedicated

[bigslimvdub]

@estenity. That is why stoffu made his proposal. However, there are some people in the Aeon community who are clearly making it appear the problem is entirely something else.

The writers of State of Aeon might be trying to avoid the real issue hehehe. Read what they wrote, these are not stoffu's reasons. I shake my head at this.


Allow Aeon to stand out from the rest of the CN community by being the first Cryptonight Light coin to use SHA3.

Allow Aeon to move away from its close following of Monero to give itself a unique existence.

Allow a test base for CN protocols on SHA3 for possible future integration of other CN projects.

Possibly increased interest of developers in the Aeon project.

Allow for possible value increase due to increased notoriety of the project.

https://medium.com/@AEON_Community/the-state-of-aeon-3-10-2019-9bb116f0df3d

FYI, the real issue is ASICS not being embraced because they have shown time and time again to not be fair on the network with those unable to obtain them. If you do not believe that any of the above comments are fair judgement for a possible outcome of a change to SHA3, maybe you missed the real issue the project currently faces.

[bigslimvdub]

Aeon Translations Project for 2019 started, feel free to check it out if you want to contribute to this cause.

https://medium.com/@AEON_Community/aeon-translations-project-2019-97c4b152fcd7

[bbc.reporter]

@estenity. That is why stoffu made his proposal. However, there are some people in the Aeon community who are clearly making it appear the problem is entirely something else.

The writers of State of Aeon might be trying to avoid the real issue hehehe. Read what they wrote, these are not stoffu's reasons. I shake my head at this.


Allow Aeon to stand out from the rest of the CN community by being the first Cryptonight Light coin to use SHA3.

Allow Aeon to move away from its close following of Monero to give itself a unique existence.

Allow a test base for CN protocols on SHA3 for possible future integration of other CN projects.

Possibly increased interest of developers in the Aeon project.

Allow for possible value increase due to increased notoriety of the project.

https://medium.com/@AEON_Community/the-state-of-aeon-3-10-2019-9bb116f0df3d

FYI, the real issue is ASICS not being embraced because they have shown time and time again to not be fair on the network with those unable to obtain them. If you do not believe that any of the above comments are fair judgement for a possible outcome of a change to SHA3, maybe you missed the real issue the project currently faces.

There is no Asic resistant mining algorithm is the issue. It has always been the issue and stoffu is bringing this issue into broader discussion with his proposal to embrace Asics. However, it appears you are ignorant of this issue or try to make it appear that stoffu is only arguing for it for shallower reasons.

[bigslimvdub]

FYI, the real issue is ASICS not being embraced because they have shown time and time again to not be fair on the network with those unable to obtain them.

[bbc.reporter]

FYI, the real issue is ASICS not being embraced because they have shown time and time again to not be fair on the network with those unable to obtain them.

However, are the Asics that keep coming back on whatever algorithm Aeon changes to easily obtained by the miners? Do you think it will stop after another hard fork?

https://bitcointalk.org/index.php?topic=583449.msg50122130#msg50122130

[smooth]

Sophia (point release 9)

Several dozen upstream reliability, security, and performance improvements
Fixes for upstream exploits not believed exploitable in AEON but patched for defensive and maintenance purposes
Various build and packaging improvements from the AEON community

Recommended for all users.

https://github.com/aeonix/aeon/releases/tag/v0.12.9.0-aeon (CLI)
https://github.com/aeonix/aeon-gui/releases/tag/v0.12.9.0-aeon (GUI)

[bigslimvdub]

Latest State of Aeon out:

https://medium.com/@AEON_Community/the-state-of-aeon-3-24-2019-a7fe0a548a17

[stoffu]

switch to KangarooTwelve proof of work

https://github.com/aeonix/aeon/pull/108

[smooth]

switch to KangarooTwelve proof of work

https://github.com/aeonix/aeon/pull/108

My comment on reddit:

The thinking behind this is discussed elsewhere in the many ASIC-resistant vs. ASIC-friendly discussions but in general we want to stabilize this portion of the protocol so there is not a need for mining-economics-driven forks, including dangerous emergency forks, nor centralized determination of how and when to change the PoW. We fully expect that:

* There will be an arms race through various mining technologies and, at times, for a time, there may be a dominant player.
* Given the small size of AEON (as well as any other coins using keccak variants) it may be a while before there are any actual ASICs, much less a competitive market for them.
* Eventually the simplicity and hardware-friendliness of Keccak-based hashes means that barriers to creating ASICs will be low and the market will become competitive as quickly as possible

Meanwhile, we can all let miners be miners (using whatever approaches they choose to take to drive the hash rate over time to its highest and most secure equilibrium), and focus our efforts on building other aspects of the AEON protocol, implementation, and ecosystem.

[bbc.reporter]

Latest State of Aeon out:

https://medium.com/@AEON_Community/the-state-of-aeon-3-24-2019-a7fe0a548a17

You will not be addressing the issue of the whole reason why Aeon is proposed to switch to Kangaroo12 proof of work?

@smooth. Agreed! It has a cool name. Is it made in Australia hehehe?

[estenity]

good move in the last days: may we go out of the bear market?
xmr has gained 50 percent on the lows.
privacy coins could be again researched ?



edit: see the tweet of binance chairman:
https://twitter.com/cz_binance/status/1112974859464671232

[bbc.reporter]

@esternity. Agreed that we might be looking at the end of the bear market, however, the Binance chairman's tweet does not do any good for Aeon. He is implying that there is great value held in USDT that is ready to pump some cryptocoins. However, Aeon has no USDT market.

[estenity]

@esternity. Agreed that we might be looking at the end of the bear market, however, the Binance chairman's tweet does not do any good for Aeon. He is implying that there is great value held in USDT that is ready to pump some cryptocoins. However, Aeon has no USDT market.

i am not sure what he means by "pseudo-fiat";
it may be only cash-equivalents of all sorts.

[bigslimvdub]

Updates to AFS proposals:
https://link.medium.com/pYJuBccYBV

Aeon is now on Delta Direct app for following crypto currencies:
https://link.medium.com/82IJZeoYBV

Aeon full core CLI binaries out for android. Tested working:
https://www.reddit.com/r/Aeon/comments/b8wp2c/full_aeon_core_on_android_update/?utm_source=share&utm_medium=ios_app

And yes state of Aeon will have k12 section now that that was decided (proposed now and implemented) and moneros decisions are made for RandomX. The future of cryptocurrency is now. Aeon will take the lead with this change!

[estenity]

we have to realize that monero is still a small currency in term of putative mass adoption:
with relatively low number of daily transactions:
4,500 per day, 188 per hour.

https://bitinfocharts.com/monero/

technically good or excellent, but "elitist".

here at aeon we have to be open to this fact, banks are presently adapting themselves, as being threatened in survival.

[bbc.reporter]

@esternity. Agreed that we might be looking at the end of the bear market, however, the Binance chairman's tweet does not do any good for Aeon. He is implying that there is great value held in USDT that is ready to pump some cryptocoins. However, Aeon has no USDT market.

i am not sure what he means by "pseudo-fiat";
it may be only cash-equivalents of all sorts.

Pseudofiat are clearly stablecoins like USDT and like the tokens that Circle has issued which are backed by US dollars. The problem is USDT. It might not be backed 1 for 1 by US dollars anymore. I reckon they might be printed at will and be used to pump the new cryptospace bull.