Topic: [AEON] Aeon Speculation - page 29. (Read 190178 times)

Hello. Not $5 per AEON yet? Okay, going back to bed.

No, I reckon those trendlines are fine for the longest of the long terms. What the price did in the past is what set those trendlines, why would I change it now that the code rebase is finally starting?

There was work done but it was really more of a proof of concept that got the Monero LMDB code to the point of syncing on the AEON network. However, if was very hack-ish, not maintainable, and didn't address issues that need handling like wallet compatibility, fixing some unit tests (instead a bunch were commented out rather than fix even compile-time issues) and migrating the fork framework for future forks (the original AEON hard fork was hard coded). So the plan has been to completely redo it. Unfortunately as everyone has seen I haven't had time to get back to that project.

I'm supportive of the idea of offering a bounty to other developers to do it. I do think that (assuming the price doesn't crash too much in this crypto correction we seem to be having) the existing 40K AEON (approx 160K USD) should be easily sufficient compensation for others to do it.

Rather than add even more from the dev fund, what I would propose is to have the dev fund take on a share of the pledged 40K bounty. It is certainly great that we have people such as exeter0 and katiecharm willing to donate more coins to get work done, I'd rather have them hold on to some of those coins and use for later projects. So my proposal on the 40K would be 10K each from the individual donors and 20K from the dev funds. There will be more projects that will benefit from generous donor support, so let's keep some powder dry.

That is good news. I hope they find a good developer for the code rebase. Also, I would feel much safer for Aeon if the rebase was done by someone from the Monero development team.

In any case, here is a chart update. Aeon is fighting back!

https://preview.ibb.co/m7SXzm/c8242d76_2bf5_4bd8_ab5c_7d6b5132cb21.png

@phishead. Was that americanpegasus in there? I was nice of smooth to hold the sign hehehe.

Thanks to the massive generosity of /u/exciter0 (who pledged 10k of their own Aeon!) the bounty/dev contract is now firmly at 40k!
So smooth has offered to pay for half of the dev bounty for this, meaning 20k will come from the dev fund, 10k from me, and 10k from /u/exciter0.

The rebase and further dev work needs to happen as soon as possible, ideally by end of Q1 2018. We face a difficult problem in that there are few people with the talent to do this work. Nevertheless, if we can get a good quality rebase finished, plus maybe merge some other Monero core improvements into the Aeon code (totally at the claiming devs discretion), that is worth 20k of my own Aeon. I would ask that /u/smooth_xmr consider adding 20k from the dev fund as well, potentially doubling this contract to 40k Aeon. Aeon is a proper and ethical blockchain with unique features that deserves this kind of effort. It deserves our love and support.
At this point I'm not too picky about who does this, as long as it passes muster with the current dev, which is smooth. If he does the work himself, I'm happy to donate the money to his personal holdings, and am okay with him taking 20k of the dev fund for himself even.
If someone else does the work, or it gets shared among multiple people, I'm okay splitting it up as they agree upon as well. So I'm calling all cryptonote devs here.

/u/23r0c00l listed some good reasons elsewhere why this work is so important:
Additional developers can contribute to the code base (some have said they will, whether that happens is another story).
Web wallet development becomes easier. There'll be no need to extend the current daemon.
Once the rebase lands morale will likely improve. A lot of uncertainty around the project will evaporate.
Following on from the last bullet; I think people will be more inclined to recommend Aeon as a project. It's difficult at the moment with everything mooning & most every other project doing whatever they can to expand.
It may help the GUI dev. There was some talk of porting the Monero Qt lib over (or however it's structured). Now there seems to be an initiative to use a Python layer. Not sure of the implications for the GUI.*
It may increase the value of the dev fund, net. It's difficult to say what's going to happen to the price. The rebase may already be priced in, to some extent. Then there's the market as a whole. I think the reduction of uncertainty & the definite moving forward for the project will result in some increase. That may be greater than the amount spent.
It would open up the possibility of Aeon being added to more exchanges (I've heard that been touted as a benefit of the rebase).
There was a post about implementing an FFS system (porting Monero's?). That would spawn more projects -- which could have benefits in most/all directions.It would shut a bunch of trolls up. I'm sure they'd find something else to complain about, though.
If those points are correct, then the impact of the rebase could be profound.
I wanted to enumerate the benefits, rather than saying the rebase is good in some vague way. Without individual points, I think it's hard to get an accurate feeling for how far-reaching the rebase could be.

If you are willing to donate Aeon to make this contract even more lucrative, feel free. I have some cool social roadmap plans laid out, but absolute priority number one heading into the new year is getting these improvements merged into the Aeon code.

The fact is is that people seem to forget what it was like for Monero before all this insane pumpage. The dev team continually got flack due to not coming out with new, sexy features SOON^tm as they could. They wanted to make sure everything was running smoothly (pun intended) for the code of the coin itself before releasing GUIs and that sorta thing, which took a long time.

I understand it’s been a while for the complete rebase, but the new update was seriously not even three months ago. Takes time when there are not many qualified/able minded people to work on it.

No, if you want another good cryptonight coin then choose the best, maintained by the best altcoin development team. Monero.

Maybe a little bit off-topic...
What's the deal with KRB and BBR or the rest of cryptonight coins?
Any of them with good community, deserving to be bought?

I have zero doubt that smooth will deliver, better to deliver right than early, what is key is what happens within the community after the rebase. Bounty's will be the fuel but the community will be the fire.

The problem for today HODLers is satoshi loss, if we go through two more BTC/ALT pump cycles without rebase, maybe 4-5 months, perhaps then we have unrecoverable Satoshi.

The amazing thing is, I don't doubt smooth will deliver on the rebase and it will be awesome. I do, however, have my qualms about when it will be released and how many satoshis it will be worth. Holding AEON is great for what it stands for but if you want to maintain your BTC holdings, it might be too risky right now.

Agreed; I'm cautionary and probably at the end of my accumulation for now; however the risk / reward of AEON is worth continuing to HODL long-term IMHO. The potential of AEON in the coming years is incredible if the rebase delivers what I think it may.

The BTC inhale is what is keeping me cautious. When we had that amazing run in Sept-Oct, holding before then was easy since buying BTC was still reasonably attainable. Nowadays, losing BTC is very disheartening since .4 of one is more than one from before Sept.

Maybe a little bit off-topic...
What's the deal with KRB and BBR or the rest of cryptonight coins?
Any of them with good community, deserving to be bought?

Reckon we will stay channelled in the 15k-25k range until news of the re-base emerges though there is strong support currently at 20k on Bittrex. I'd still be cautious as to going lower than 15k in Jan; depends how far the next BTC inhale goes after the current alt run is done.

Reckon we will stay channelled in the 15k-25k range until news of the re-base emerges though there is strong support currently at 20k on Bittrex. I'd still be cautious as to going lower than 15k in Jan; depends how far the next BTC inhale goes after the current alt run is done.

In any case, I hope you are right. I noticed the community subscribers for the AEON sub has been starting to pick up as well. IMHO the sub 15k prices would happen if the rebase takes longer than Q1 2018, BTC is showing tremendous growth.