[XMR] Monero Speculation

[ArticMine]

Peter Todd acknowledging the value of a tail emission:

https://twitter.com/petertoddbtc/status/697532042553065472

EDIT: One should also read the whole conversation, it is an interesting one.

It is a fundamental issue that Monero has solved while Bitcoin and the Bitcoin clones have not. I recently responded to TPTB_need_war on this issue. https://bitcointalk.org/index.php?topic=1183043.msg13842824#msg13842824.

[smooth]

Peter Todd acknowledging the value of a tail emission:

https://twitter.com/petertoddbtc/status/697532042553065472

EDIT: One should also read the whole conversation, it is an interesting one.

It is a fundamental issue that Monero has solved while Bitcoin and the Bitcoin clones have not. I recently responded to TPTB_need_war on this issue. https://bitcointalk.org/index.php?topic=1183043.msg13842824#msg13842824.

My view on it is that it does solve a major issue in Bitcoin (as PT agrees) but it doesn't necessarily solve every potential issue with blockchains (as TPTB agrees).

However, my view is also that in the real world when you engineer working systems you can rarely if ever reach absolute perfection. You have to reduce major failings to a minimum and hope that the market then finds it a useful solution to some problem. For example, driverless cars will probably be safer than human-driven cars, but people will still be killed in them.

Monero's design is evolved from Bitcoin and addresses serious problems with it (this is explicitly stated in the whitepaper), while still sharing similar goals, unlike Ethereum and others. At least with respect to the original Bitcoin goals; transparency may be somewhat more of a goal of Bitcoin now that it has become joined more closely with finance and regulation than end users.

[TPTB_need_war]

Congratulations to the Monero Team on your successful Hydroden Helix release. I primarily believe in bitcoin and strongly believe most altcoins are doomed for failure. Monero has good chances to be an important exception.

https://github.com/monero-project/bitmonero/releases/tag/v0.9.0

Monero scales to 0 block size 

It is dangerous when you hand chess masters the keys to software design.

[digicoin]

Peter Todd acknowledging the value of a tail emission:

https://twitter.com/petertoddbtc/status/697532042553065472

EDIT: One should also read the whole conversation, it is an interesting one.

He is too young and not an economist by any standard. He can say anything that makes him important

[megadeth]

I'm slowly buying to get to a daily emissions worth. Feels like forever.

[ArticMine]

...

Monero scales to 0 block size  

It is dangerous when you hand chess masters the keys to software design.

This post makes very little sense. With Monero having 1) An increasing demand for transactions, 2) Fees falling to zero and 3) Blocksize falling to zero  

Edit My response: https://bitcointalk.org/index.php?topic=1183043.msg13845870#msg13845870

[primer-]

Damn, I'm good! The pump has started!

[papa_lazzarou]

...

Monero scales to 0 block size  

It is dangerous when you hand chess masters the keys to software design.

This post makes very little sense. With Monero having 1) An increasing demand for transactions, 2) Fees falling to zero and 3) Blocksize falling to zero  

Edit My response: https://bitcointalk.org/index.php?topic=1183043.msg13845870#msg13845870

Also, doesn't the mandatory per-kB fee make his point moot? Or did I just missunderstand it?

[dEBRUYNE]

Update from Shen Noether regarding Ring CT implementation for Monero. I have to admit I spotted this one a bit late:

edit 2/3/2016:

Python version of all checkpoints: https://github.com/ShenNoether/MiniNero/blob/master/RingCT2.py

(You can run this with https://github.com/ShenNoether/MiniNero/blob/master/RCTUnitTests.py )

C++ version of all checkpoints:

https://github.com/ShenNoether/RingCT/blob/master/rctSigs.cpp

(You can run this with https://github.com/ShenNoether/RingCT/blob/master/Test.cpp )

In addition, Shen Noether posted this on reddit:

I've been working on some other fun stuff this week like multisig, and this https://github.com/ShenNoether/ge_fromfe_writeup

[dEBRUYNE]

Broken Crypto in Shadowcash and OZ-coin:

https://shnoe.wordpress.com/2016/02/11/de-anonymizing-shadowcash-and-oz-coin/

Credits to NobleSir (Shen Noether).

[medusa13]

nice!

traget 180k?
took some time, but finally here is the rebounce.

today was the day i planed to dump it down to 0.0005 like primer recommended...i changed my mind now

[farfiman]

nice!

traget 180k?
took some time, but finally here is the rebounce.

today was the day i planed to dump it down to 0.0005 like primer recommended...i changed my mind now

He actually wanted a pump ( or so he says)

.......
I hope I piss off a bag-holder whale who then pumps this shit to 0.004 so i can exit. Worked before...

[aminorex]

Dollars getting cheaper now.  The local price of steam remains constant measured in magic beans. Steam in Iceland, however, does not.  On my premises the xmr supply factor tracks the mining-weighted cost of steam, while the demand factor presently remains negligible.

Cool New York facts: Every once in a while some steam pipe from the 19th or early 20th century explodes, blasting chunks of tarmac into the air.  Either no one has been killed in this way in the 10 years I've been frequenting the city, or it is just not notably reported, as it isn't "news".  An example of the latter negative effect:  ~20 Manhattanites get killed by stray voltage each year when touching signal poles or street lamps, but this is definitely not news, just a consequence of stratified layers of decaying transmission circuitry dating back to the era of Edison and Tesla. If I ran the place I would put a dome over it.  Not sure about doors though.

[BldSwtTrs]

Dollars getting cheaper now.  The local price of steam remains constant measured in magic beans. Steam in Iceland, however, does not.  On my premises the xmr supply factor tracks the mining-weighted cost of steam, while the demand factor presently remains negligible.

Cool New York facts: Every once in a while some steam pipe from the 19th or early 20th century explodes, blasting chunks of tarmac into the air.  Either no one has been killed in this way in the 10 years I've been frequenting the city, or it is just not notably reported, as it isn't "news".  An example of the latter negative effect:  ~20 Manhattanites get killed by stray voltage each year when touching signal poles or street lamps, but this is definitely not news, just a consequence of stratified layers of decaying transmission circuitry dating back to the era of Edison and Tesla. If I ran the place I would put a dome over it.  Not sure about doors though.

Could you please explicit the relation between steam price and xmr supply?

[tifozi]

In addition, Shen Noether posted this on reddit:

I've been working on some other fun stuff this week like multisig, and this https://github.com/ShenNoether/ge_fromfe_writeup

Shen seems to be a major crypto scholar and loves Monero. If he is still a student, he might have changed his thesis to Monero !

[Maslate]

nice!

traget 180k?
took some time, but finally here is the rebounce.

today was the day i planed to dump it down to 0.0005 like primer recommended...i changed my mind now

If we follow the steps of Ethereum, the target will be at least 400% rise, so the target will be 0.006. That is quite reasonable.

[zef316]

Well i am looking for the free mining software from which i can easily mine the Monero with the usage of CPU speed. I cant afford to deposit money on the online mining sites. So if you know any one best for CPU mining then please help me to get the same and start mining easily.

[aminorex]

Could you please explicit the relation between steam price and xmr supply?

Steam being a proxy for electricity, and electricity being the marginal input factor in XMR production.  Saying it in terms of electricity is entirely redundant; but, reinforcing the steam linkage adds brushstrokes to a potential work of art in progress, making the act of utterance worthwhile.  Doing what I can to inject a value-accretive steampunk cachet.

[jehst]

Volatility!

[smooth]

Well i am looking for the free mining software from which i can easily mine the Monero with the usage of CPU speed. I cant afford to deposit money on the online mining sites. So if you know any one best for CPU mining then please help me to get the same and start mining easily.

If you visit any of the pools (for example those listed in the Monero ANN OP), most of them have a "Getting Started" link at the top of their home page where you can find instructions.