Pages:
Author

Topic: [AEON] Aeon Speculation - page 9. (Read 190176 times)

legendary
Activity: 2730
Merit: 1288
October 18, 2019, 09:55:31 AM
Supporting (holding) a coin that goes in a direction that you think is wrong is just stupid, so I'm kindly advising you not to do so (but you're free to ignore my advice). Also, I find it useless or borderline trolling to stir up the ASIC debate here since it's already decided after intense discussions. It's like criticizing Zcash's trusted setup in their forum.

Open sourced projects are constantly criticized and improved on... that’s the point of open source projects... and how exactly am I trolling??

I like AEON because it’s a cryptonote coin that has close ties to monero and I view it as a hedge to Monero.

And people come to /r/Monero or on the monero threads here and criticize certain aspects all the time, only to be not censored and debated.


I don't think it's stupid to doubt your own wisdom and hedge accordingly. Personally I don't think monero made the right decision with respect to randomx v. sha3, but I didn't dump my monero. There's other factors to consider, such as community, liquidity, history, etc, besides the fact that I may just be flat out wrong.

I dont think anyone made a mistake or wrong decision. But maybe I am underestimating impact of mining.  Cryptocurrencies are still an experiment. And with experiments you need to experiment to prove you are doing something right. Doing nothing would be worst.
legendary
Activity: 3136
Merit: 1116
October 18, 2019, 08:33:44 AM
Supporting (holding) a coin that goes in a direction that you think is wrong is just stupid, so I'm kindly advising you not to do so (but you're free to ignore my advice). Also, I find it useless or borderline trolling to stir up the ASIC debate here since it's already decided after intense discussions. It's like criticizing Zcash's trusted setup in their forum.

Open sourced projects are constantly criticized and improved on... that’s the point of open source projects... and how exactly am I trolling??

I like AEON because it’s a cryptonote coin that has close ties to monero and I view it as a hedge to Monero.

And people come to /r/Monero or on the monero threads here and criticize certain aspects all the time, only to be not censored and debated.


I don't think it's stupid to doubt your own wisdom and hedge accordingly. Personally I don't think monero made the right decision with respect to randomx v. sha3, but I didn't dump my monero. There's other factors to consider, such as community, liquidity, history, etc, besides the fact that I may just be flat out wrong.
hero member
Activity: 1873
Merit: 840
Keep what's important, and know who's your friend
October 18, 2019, 08:11:24 AM
Supporting (holding) a coin that goes in a direction that you think is wrong is just stupid, so I'm kindly advising you not to do so (but you're free to ignore my advice). Also, I find it useless or borderline trolling to stir up the ASIC debate here since it's already decided after intense discussions. It's like criticizing Zcash's trusted setup in their forum.

Open sourced projects are constantly criticized and improved on... that’s the point of open source projects... and how exactly am I trolling??

I like AEON because it’s a cryptonote coin that has close ties to monero and I view it as a hedge to Monero.

And people come to /r/Monero or on the monero threads here and criticize certain aspects all the time, only to be not censored and debated.
legendary
Activity: 3122
Merit: 1492
October 17, 2019, 08:48:40 PM
@everyone. Where is americanpegasus? We need her back to say her famous words about Monero on $0.25 for Aeon hehehe.

AP is broke as far as I know and driving for Uber/Lyft now...

https://kiwifarms.net/threads/katie-charm-james-daniel-davis-americanpegasus-shade7x.32306/page-33#post-4386293

https://www.reddit.com/r/investing/comments/av3wbk/what_happened_to_uamericanpegasus/eheb4bl/

Think AP said she owned 50k XMR at one time. Shame. May have had up to $25mil at $500 XMR peak... Cry



Similar to how Ricciardo Spagni lost all his private keys in a boating accident hehehe? Also, americanpegasus lives in America. She will have taxes to pay if she was not broke and if she was broke, she will not leave cryptospace.

She might be living a simple life that she wants with a big secret bag of cryptocoins.
full member
Activity: 203
Merit: 166
October 17, 2019, 08:27:39 PM

My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?

ASIC can't generate more coins than allowed by protocol. The number of coins will be the same. And of course nobody gonna build ASIC for a coin with 2mm market cap. If AEON cap will increase to 100-200mm manufacturers will consider building one.

By saying that I like ASIC friendliness I mean finally there is no wild goose chase for dumb ASIC resistance.

It was a valid goose chase and still is for some projects. You have to try something out first and if it does not work, try something different. If monero devs (and others) didn’t try asic resistance, nobody would have known if it indeed was possible or not. It is not possible right now with technical design capabilities. Maybe it will be some day but it’s not worth it to spend development money and time fighting something that is designed to do what your project is doing 24/7 anyway.

I disagree.

A quote from the first paragraph of the CryptoNote whitepaper Section 5 (Egalitarian Proof-of-work):

Quote
Our primary goal is to close the gap between CPU (majority) and GPU/FPGA/ASIC (minority) miners. It is appropriate that some users can have a certain advantage over others, but their investments should grow at least linearly with the power. More generally, producing special-purpose devices has to be as less profitable as possible.

I didn't find anything wrong here when I saw it the first time, but on hindsight I find it fundamentally flawed; mining will/should be one of the most important tasks to humanity at large if the currency were to serve globally, and hence trying to make the process more efficient is just the nature of human and free market. ASIC resistance means to ban all such attempts and to change the algorithm when the current attempt fails.

If Monero developers continue to be caught up in many flawed mantra in CryptoNote whitepaper, it is doomed to fail.


Yeah but if we are rooting for efficient & centralized, wouldn't that just leave us with Visa??

I know it's an extreme, but hopefully you see my point.  Cryptocurrencies were meant to be decentralized.  Having 10 or so entities controlling 80-90% of Bitcoin's hashing power is insane and the closer you get to a monopoly, the easier it will be for governments to force that monopoly/duopoly/etc. to censor transactions and corrupt the chain.

Visa doesn't need a blockchain.

Your point has been raised countless times in never ending debates on ASIC resistance/friendliness with no hope of coming to an agreement. Let's not repeat it here. If you don't like ASIC friendliness, stop bothering about AEON and move on.


And your point about ASIC friendliness has been raised countless times too... so... idk what to tell you, but you shouldn’t expect everyone who supports a coin to have all the same philosophies of what might work better than what Bitcoin offers already.

And I will always be interested in Monero specifically as well as AEON since it was the early alt coin to Monero.

Supporting (holding) a coin that goes in a direction that you think is wrong is just stupid, so I'm kindly advising you not to do so (but you're free to ignore my advice). Also, I find it useless or borderline trolling to stir up the ASIC debate here since it's already decided after intense discussions. It's like criticizing Zcash's trusted setup in their forum.
hero member
Activity: 1873
Merit: 840
Keep what's important, and know who's your friend
October 17, 2019, 03:13:00 PM

My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?

ASIC can't generate more coins than allowed by protocol. The number of coins will be the same. And of course nobody gonna build ASIC for a coin with 2mm market cap. If AEON cap will increase to 100-200mm manufacturers will consider building one.

By saying that I like ASIC friendliness I mean finally there is no wild goose chase for dumb ASIC resistance.

It was a valid goose chase and still is for some projects. You have to try something out first and if it does not work, try something different. If monero devs (and others) didn’t try asic resistance, nobody would have known if it indeed was possible or not. It is not possible right now with technical design capabilities. Maybe it will be some day but it’s not worth it to spend development money and time fighting something that is designed to do what your project is doing 24/7 anyway.

I disagree.

A quote from the first paragraph of the CryptoNote whitepaper Section 5 (Egalitarian Proof-of-work):

Quote
Our primary goal is to close the gap between CPU (majority) and GPU/FPGA/ASIC (minority) miners. It is appropriate that some users can have a certain advantage over others, but their investments should grow at least linearly with the power. More generally, producing special-purpose devices has to be as less profitable as possible.

I didn't find anything wrong here when I saw it the first time, but on hindsight I find it fundamentally flawed; mining will/should be one of the most important tasks to humanity at large if the currency were to serve globally, and hence trying to make the process more efficient is just the nature of human and free market. ASIC resistance means to ban all such attempts and to change the algorithm when the current attempt fails.

If Monero developers continue to be caught up in many flawed mantra in CryptoNote whitepaper, it is doomed to fail.


Yeah but if we are rooting for efficient & centralized, wouldn't that just leave us with Visa??

I know it's an extreme, but hopefully you see my point.  Cryptocurrencies were meant to be decentralized.  Having 10 or so entities controlling 80-90% of Bitcoin's hashing power is insane and the closer you get to a monopoly, the easier it will be for governments to force that monopoly/duopoly/etc. to censor transactions and corrupt the chain.

Visa doesn't need a blockchain.

Your point has been raised countless times in never ending debates on ASIC resistance/friendliness with no hope of coming to an agreement. Let's not repeat it here. If you don't like ASIC friendliness, stop bothering about AEON and move on.


And your point about ASIC friendliness has been raised countless times too... so... idk what to tell you, but you shouldn’t expect everyone who supports a coin to have all the same philosophies of what might work better than what Bitcoin offers already.

And I will always be interested in Monero specifically as well as AEON since it was the early alt coin to Monero.
hero member
Activity: 763
Merit: 534
October 17, 2019, 01:12:25 PM
@everyone. Where is americanpegasus? We need her back to say her famous words about Monero on $0.25 for Aeon hehehe.

AP is broke as far as I know and driving for Uber/Lyft now...

https://kiwifarms.net/threads/katie-charm-james-daniel-davis-americanpegasus-shade7x.32306/page-33#post-4386293

https://www.reddit.com/r/investing/comments/av3wbk/what_happened_to_uamericanpegasus/eheb4bl/

Think AP said she owned 50k XMR at one time. Shame. May have had up to $25mil at $500 XMR peak... Cry

legendary
Activity: 1904
Merit: 1003
October 17, 2019, 12:58:51 AM
Still believe we are in the overshot. The closest pessimistic price of AEON is 1% of XMR = 0.00007100 BTC.
full member
Activity: 203
Merit: 166
October 16, 2019, 11:31:43 PM
@stoffu. How is everyone on /r/Aeon taking the new asic friendly Aeon? Is this why we are dumped under $0.25? Are some of them selling and leaving hehe?

Some like it, others don't. Those may have sold their coins and left, but this is all speculation.
legendary
Activity: 3122
Merit: 1492
October 16, 2019, 11:11:36 PM
@stoffu. How is everyone on /r/Aeon taking the new asic friendly Aeon? Is this why we are dumped under $0.25? Are some of them selling and leaving hehe?
full member
Activity: 203
Merit: 166
October 16, 2019, 10:28:31 PM

My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?

ASIC can't generate more coins than allowed by protocol. The number of coins will be the same. And of course nobody gonna build ASIC for a coin with 2mm market cap. If AEON cap will increase to 100-200mm manufacturers will consider building one.

By saying that I like ASIC friendliness I mean finally there is no wild goose chase for dumb ASIC resistance.

It was a valid goose chase and still is for some projects. You have to try something out first and if it does not work, try something different. If monero devs (and others) didn’t try asic resistance, nobody would have known if it indeed was possible or not. It is not possible right now with technical design capabilities. Maybe it will be some day but it’s not worth it to spend development money and time fighting something that is designed to do what your project is doing 24/7 anyway.

I disagree.

A quote from the first paragraph of the CryptoNote whitepaper Section 5 (Egalitarian Proof-of-work):

Quote
Our primary goal is to close the gap between CPU (majority) and GPU/FPGA/ASIC (minority) miners. It is appropriate that some users can have a certain advantage over others, but their investments should grow at least linearly with the power. More generally, producing special-purpose devices has to be as less profitable as possible.

I didn't find anything wrong here when I saw it the first time, but on hindsight I find it fundamentally flawed; mining will/should be one of the most important tasks to humanity at large if the currency were to serve globally, and hence trying to make the process more efficient is just the nature of human and free market. ASIC resistance means to ban all such attempts and to change the algorithm when the current attempt fails.

If Monero developers continue to be caught up in many flawed mantra in CryptoNote whitepaper, it is doomed to fail.


Yeah but if we are rooting for efficient & centralized, wouldn't that just leave us with Visa??

I know it's an extreme, but hopefully you see my point.  Cryptocurrencies were meant to be decentralized.  Having 10 or so entities controlling 80-90% of Bitcoin's hashing power is insane and the closer you get to a monopoly, the easier it will be for governments to force that monopoly/duopoly/etc. to censor transactions and corrupt the chain.

Visa doesn't need a blockchain.

Your point has been raised countless times in never ending debates on ASIC resistance/friendliness with no hope of coming to an agreement. Let's not repeat it here. If you don't like ASIC friendliness, stop bothering about AEON and move on.
legendary
Activity: 3122
Merit: 1492
October 16, 2019, 10:07:21 PM

My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?

ASIC can't generate more coins than allowed by protocol. The number of coins will be the same. And of course nobody gonna build ASIC for a coin with 2mm market cap. If AEON cap will increase to 100-200mm manufacturers will consider building one.

By saying that I like ASIC friendliness I mean finally there is no wild goose chase for dumb ASIC resistance.

It was a valid goose chase and still is for some projects. You have to try something out first and if it does not work, try something different. If monero devs (and others) didn’t try asic resistance, nobody would have known if it indeed was possible or not. It is not possible right now with technical design capabilities. Maybe it will be some day but it’s not worth it to spend development money and time fighting something that is designed to do what your project is doing 24/7 anyway.

I disagree.

A quote from the first paragraph of the CryptoNote whitepaper Section 5 (Egalitarian Proof-of-work):

Quote
Our primary goal is to close the gap between CPU (majority) and GPU/FPGA/ASIC (minority) miners. It is appropriate that some users can have a certain advantage over others, but their investments should grow at least linearly with the power. More generally, producing special-purpose devices has to be as less profitable as possible.

I didn't find anything wrong here when I saw it the first time, but on hindsight I find it fundamentally flawed; mining will/should be one of the most important tasks to humanity at large if the currency were to serve globally, and hence trying to make the process more efficient is just the nature of human and free market. ASIC resistance means to ban all such attempts and to change the algorithm when the current attempt fails.

If Monero developers continue to be caught up in many flawed mantra in CryptoNote whitepaper, it is doomed to fail.


Also, Monero's blockchain is very hard to download after the RingCT upgrade. How large would it be after 5 years?

@everyone. Where is americanpegasus? We need her back to say her famous words about Monero on $0.25 for Aeon hehehe.
hero member
Activity: 1873
Merit: 840
Keep what's important, and know who's your friend
October 16, 2019, 07:42:29 AM

My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?

ASIC can't generate more coins than allowed by protocol. The number of coins will be the same. And of course nobody gonna build ASIC for a coin with 2mm market cap. If AEON cap will increase to 100-200mm manufacturers will consider building one.

By saying that I like ASIC friendliness I mean finally there is no wild goose chase for dumb ASIC resistance.

It was a valid goose chase and still is for some projects. You have to try something out first and if it does not work, try something different. If monero devs (and others) didn’t try asic resistance, nobody would have known if it indeed was possible or not. It is not possible right now with technical design capabilities. Maybe it will be some day but it’s not worth it to spend development money and time fighting something that is designed to do what your project is doing 24/7 anyway.

I disagree.

A quote from the first paragraph of the CryptoNote whitepaper Section 5 (Egalitarian Proof-of-work):

Quote
Our primary goal is to close the gap between CPU (majority) and GPU/FPGA/ASIC (minority) miners. It is appropriate that some users can have a certain advantage over others, but their investments should grow at least linearly with the power. More generally, producing special-purpose devices has to be as less profitable as possible.

I didn't find anything wrong here when I saw it the first time, but on hindsight I find it fundamentally flawed; mining will/should be one of the most important tasks to humanity at large if the currency were to serve globally, and hence trying to make the process more efficient is just the nature of human and free market. ASIC resistance means to ban all such attempts and to change the algorithm when the current attempt fails.

If Monero developers continue to be caught up in many flawed mantra in CryptoNote whitepaper, it is doomed to fail.


Yeah but if we are rooting for efficient & centralized, wouldn't that just leave us with Visa??

I know it's an extreme, but hopefully you see my point.  Cryptocurrencies were meant to be decentralized.  Having 10 or so entities controlling 80-90% of Bitcoin's hashing power is insane and the closer you get to a monopoly, the easier it will be for governments to force that monopoly/duopoly/etc. to censor transactions and corrupt the chain.
full member
Activity: 203
Merit: 166
October 15, 2019, 09:00:04 PM

My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?

ASIC can't generate more coins than allowed by protocol. The number of coins will be the same. And of course nobody gonna build ASIC for a coin with 2mm market cap. If AEON cap will increase to 100-200mm manufacturers will consider building one.

By saying that I like ASIC friendliness I mean finally there is no wild goose chase for dumb ASIC resistance.

It was a valid goose chase and still is for some projects. You have to try something out first and if it does not work, try something different. If monero devs (and others) didn’t try asic resistance, nobody would have known if it indeed was possible or not. It is not possible right now with technical design capabilities. Maybe it will be some day but it’s not worth it to spend development money and time fighting something that is designed to do what your project is doing 24/7 anyway.

I disagree.

A quote from the first paragraph of the CryptoNote whitepaper Section 5 (Egalitarian Proof-of-work):

Quote
Our primary goal is to close the gap between CPU (majority) and GPU/FPGA/ASIC (minority) miners. It is appropriate that some users can have a certain advantage over others, but their investments should grow at least linearly with the power. More generally, producing special-purpose devices has to be as less profitable as possible.

I didn't find anything wrong here when I saw it the first time, but on hindsight I find it fundamentally flawed; mining will/should be one of the most important tasks to humanity at large if the currency were to serve globally, and hence trying to make the process more efficient is just the nature of human and free market. ASIC resistance means to ban all such attempts and to change the algorithm when the current attempt fails.

If Monero developers continue to be caught up in many flawed mantra in CryptoNote whitepaper, it is doomed to fail.
member
Activity: 346
Merit: 23
October 15, 2019, 01:11:08 PM

My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?

ASIC can't generate more coins than allowed by protocol. The number of coins will be the same. And of course nobody gonna build ASIC for a coin with 2mm market cap. If AEON cap will increase to 100-200mm manufacturers will consider building one.

By saying that I like ASIC friendliness I mean finally there is no wild goose chase for dumb ASIC resistance.

It was a valid goose chase and still is for some projects. You have to try something out first and if it does not work, try something different. If monero devs (and others) didn’t try asic resistance, nobody would have known if it indeed was possible or not. It is not possible right now with technical design capabilities. Maybe it will be some day but it’s not worth it to spend development money and time fighting something that is designed to do what your project is doing 24/7 anyway.

Imo it is more of a marketing ploy for uneducated users because it’s easier to trust a dev than take time to educate yourself on a concept especially if your don’t even understand that concept to begin with. That being said, you still need to trust your devs because in the end, they are the ones maintaining the product you use just like windows or fedora or iOS or android.
legendary
Activity: 1904
Merit: 1003
October 14, 2019, 12:14:40 AM

My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?

ASIC can't generate more coins than allowed by protocol. The number of coins will be the same. And of course nobody gonna build ASIC for a coin with 2mm market cap. If AEON cap will increase to 100-200mm manufacturers will consider building one.

By saying that I like ASIC friendliness I mean finally there is no wild goose chase for dumb ASIC resistance.
legendary
Activity: 2730
Merit: 1288
October 13, 2019, 03:24:34 PM
Love the ASIC friendliness idea, was against that dumb scheduled algo changes in XMR. Makes critical code patched like an old blanket.

Scheduled protocol upgrades in Monero were to add new anon features and the rest and not to change the mining algo. Algo was changed when was a fork, just because there was a chance to do it. Without so frequent forks that would not happen even once.  The changes of algo was not so drastic to drastically increase chances of bugs.


You guys forgot one thing, there cap is not really true because big amount of coins lost forever before re-listing on bittrex years ago.

Small example https://coinmarketcap.com/currencies/monero-classic/, the cap of that trash is 2x of AEON. Do you really believe it makes any sense at all?

No one claimed monero classic so its marketcap should be 10+ times smaller. But you are also saying AEON marketcap is smaller? How much?





My question to all is when we will expect first ASICs being build to mine AEON and how much after that will be for sale for everyone to buy?
legendary
Activity: 1904
Merit: 1003
October 13, 2019, 11:17:43 AM
Have bought some in pegasus style ffs, meanwhile drinking non-alcoholic beer and there is no ocean, so not really 100% his style. Imo Aeon for less than 1% of XMR is cheap. Trading on both US and international Bittrex. Not a scam, all other CryptoNotes are scams, excluding XMR indeed.

Love the ASIC friendliness idea, was against that dumb scheduled algo changes in XMR. Makes critical code patched like an old blanket.

You guys forgot one thing, there cap is not really true because big amount of coins lost forever before re-listing on bittrex years ago.

I would treat that last dump as overshot.

Small example https://coinmarketcap.com/currencies/monero-classic/, the cap of that trash is 2x of AEON. Do you really believe it makes any sense at all?
sr. member
Activity: 672
Merit: 254
October 11, 2019, 02:43:48 AM
Aeon down to 3500 sats right now with this BTC slump. Overall market sentiment negative since alts falling with BTC with the exception of occasional pump and dumps of microcap alts.
I also think that the dominance of Bitcoin will again increase by 2-3% and amount to 70%. All Altcoins will fall in price in relation to Bitcoin. This trend is still very stable, but may change in the future. I do not buy AEON yet.
member
Activity: 346
Merit: 23
October 10, 2019, 10:32:49 PM
@bigslimvdub. That does not imply that there was a big attraction on Aeon before this bear market, however. We remained a small project during 2017's bull market and I reckon it will be similar during the next bull market.

We shall see. Cheap coins that’s for sure right now.
Pages:
Jump to: