[ANN] AEON [2019-09-27: Upgrade to version 0.13.0.0 ASAP HF@1146200 Oct 25] - page 13.

estenity

hero member

Activity: 1918

Merit: 535

Quote from: bbc.reporter on August 30, 2020, 11:42:25 PM

@estenity. Did we not have someone create a fork of Mymonero wallet? I thought the community had one paid for from the Aeon community fund.

unable to respond to this question.
however Big Slim and leg0las have recently done an answer on this reddit thread:

https://www.reddit.com/r/Aeon/comments/i5uzw1/easy_to_port_mymonero_to_myaeon/

bbc.reporter

legendary

Activity: 2926

Merit: 1440

@estenity. Did we not have someone create a fork of Mymonero wallet? I thought the community had one paid for from the Aeon community fund.

estenity

hero member

Activity: 1918

Merit: 535

waiting for the GUI devoid of mining capability.
probably resulting in easier use on windows.

bbc.reporter

legendary

Activity: 2926

Merit: 1440

Quote from: bigslimvdub on August 22, 2020, 12:04:05 PM

Quote from: bbc.reporter on August 20, 2020, 11:57:14 PM

@estenity. That thought and reaction is really what the Grin development team wants hehehe. It might take 4 years or more before it can find its own pull on the market. The early inflation is too great for demand, however, good for wider distribution if the Grin community work on it.

Grin devs also received and sold $10m in early investor money right after launch. I suppose you
Could say that’s how they “diluted early investors” 🤣🤣

$10mil split between 4(?) devs is a healthy payout for starting something new. It would easily fund full time development for 5+ years.

You are talking about a different project. Grin has never received any funding from early investors. Grin relies on donations from the community. It has received some small donations and 100 bitcoins that came directly from the coinbase transactions of 2 early solo miners for 50 bitcoins each.

FireFox2020

newbie

Activity: 11

Merit: 1

Quote from: smooth on August 08, 2020, 11:45:19 PM

Monero will likely hit tail a few months before AEON, as it launched before AEON and they are on basically the same schedule, though hash rate changes and such can cause them to diverge a bit.

It is difficult to race with such powerful projects as Monero. There is recognition and a strong community there. But I believe that AEON team will succeed!

bigslimvdub

member

Activity: 346

Merit: 23

Quote from: bbc.reporter on August 20, 2020, 11:57:14 PM

@estenity. That thought and reaction is really what the Grin development team wants hehehe. It might take 4 years or more before it can find its own pull on the market. The early inflation is too great for demand, however, good for wider distribution if the Grin community work on it.

Grin devs also received and sold $10m in early investor money right after launch. I suppose you
Could say that’s how they “diluted early investors” 🤣🤣

$10mil split between 4(?) devs is a healthy payout for starting something new. It would easily fund full time development for 5+ years.

herominerss

newbie

Activity: 7

Merit: 0

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legendary

Activity: 2926

Merit: 1440

@estenity. That thought and reaction is really what the Grin development team wants hehehe. It might take 4 years or more before it can find its own pull on the market. The early inflation is too great for demand, however, good for wider distribution if the Grin community work on it.

estenity

hero member

Activity: 1918

Merit: 535

Quote from: bbc.reporter on August 20, 2020, 01:53:37 AM

@bigslimvdub. Agreed because most cryptocoin projects have a monetary policy that encourages buying and only holding. This can be simply fixed by adopting a monetary policy with infinite supply. Dilute the coins of early adopters who want to get rich quick.

I would not like to be in the grin situation.
fresh air is available elsewhere.

bbc.reporter

legendary

Activity: 2926

Merit: 1440

@bigslimvdub. Agreed because most cryptocoin projects have a monetary policy that encourages buying and only holding. This can be simply fixed by adopting a monetary policy with infinite supply. Dilute the coins of early adopters who want to get rich quick.

bigslimvdub

member

Activity: 346

Merit: 23

Quote from: Bitcoin_Joker on August 11, 2020, 04:31:31 AM

Quote from: bigslimvdub on August 10, 2020, 11:16:24 PM

Aeon is a speculative investment since 99.9% of anyone who owns the coin are not spending it, only holding or trading.

This can be said about almost any cryptocurrency altcoin.

Fixed it for you

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legendary

Activity: 2926

Merit: 1440

Quote from: bigslimvdub on August 10, 2020, 11:16:24 PM

Quote from: bbc.reporter on August 10, 2020, 08:39:46 PM

@bigslimvdub. However, the fixed supply and the assumption that it is the better option is also a only theory. On bitcoin it appears that the effect is that is being used as a speculative investment more than a medium of exchange similar to gold. Early holders are incentivized to keep them instead of using them.

Aeon is a speculative investment since 99.9% of anyone who owns the coin are not spending it, only holding or trading.

Bitcoin is being used, integrated, and speculatively held on a daily basis. Bitcoin will also be around in its usable state until supply is exhausted, someone breaks sha256, or finds a severe security flaw that rendered the chain useless.

Most crypto coins with a tail emission could, and probably will, become obsolete soon after tail emissions kicks in and miners realize there is close to zero incentive to continue supporting the chain and it eventually dies off well before bitcoin can. The only way any cryptocurrency on tail emissions could survive was if the value increased exponentially to create financial incentives to continue mining operations. One of the reasons a specific project made an incredibly gigantic supply so it could literally never run out of supply in the developers lifetime.

The argument was not how the coins mentioned are presently used but on their monetary policies and how they might affect on how they could be used in the future.

Grin's monetary supply dilutes the coins of early adopters and disincentivizes them from hoarding. I reckon Aeon's tail emmission might help stabilize the price assuming it was adopted a certain % of bitcoin's adoption. Bitcoin's monetary policy of fixed supply will tie it forever as a speculative asset similar to stocks.

Bitcoin_Joker

newbie

Activity: 12

Merit: 0

Quote from: bigslimvdub on August 10, 2020, 11:16:24 PM

Aeon is a speculative investment since 99.9% of anyone who owns the coin are not spending it, only holding or trading.

This can be said about almost any cryptocurrency.

bigslimvdub

member

Activity: 346

Merit: 23

Quote from: bbc.reporter on August 10, 2020, 08:39:46 PM

@bigslimvdub. However, the fixed supply and the assumption that it is the better option is also a only theory. On bitcoin it appears that the effect is that is being used as a speculative investment more than a medium of exchange similar to gold. Early holders are incentivized to keep them instead of using them.

Aeon is a speculative investment since 99.9% of anyone who owns the coin are not spending it, only holding or trading.

Bitcoin is being used, integrated, and speculatively held on a daily basis. Bitcoin will also be around in its usable state until supply is exhausted, someone breaks sha256, or finds a severe security flaw that rendered the chain useless.

Most crypto coins with a tail emission could, and probably will, become obsolete soon after tail emissions kicks in and miners realize there is close to zero incentive to continue supporting the chain and it eventually dies off well before bitcoin can. The only way any cryptocurrency on tail emissions could survive was if the value increased exponentially to create financial incentives to continue mining operations. One of the reasons a specific project made an incredibly gigantic supply so it could literally never run out of supply in the developers lifetime.

bbc.reporter

legendary

Activity: 2926

Merit: 1440

@bigslimvdub. However, the fixed supply and the assumption that it is the better option is also a only theory. On bitcoin it appears that the effect is that is being used as a speculative investment more than a medium of exchange similar to gold. Early holders are incentivized to keep them instead of using them.

bigslimvdub

member

Activity: 346

Merit: 23

Quote from: bbc.reporter on August 10, 2020, 01:52:57 AM

Quote from: bigslimvdub on August 08, 2020, 10:35:28 AM

In RE to tail emissions, what CN coin is on tail emissions currently? Will aeon hit tail emissions before Monero so it can be examined on effectiveness? Since there has been zero talk about tail emissions since 2017 pre-rebase, it is only hopes and expectations on effectiveness right now.

Also for price comparison to monero, Aeon was $9.50 while monero was almost $500. Not a fair way to compare projects based of market cap

However, tail emmission and infinite emmission are monetary policies that might be theoretically more sound than bitcoin's monetary policy of having only the fees to secure the blockchain after the end of its distribution.

If supply runs out in 2150, I would say that’s a better option “right now” since it’s a known end point where tail emissions is only a theory. Imo satoshi did this for a reason. It gave 150years for technology to perfect a digital currency. Everything else is just a test bed until then.

bigslimvdub

member

Activity: 346

Merit: 23

Quote from: smooth on August 08, 2020, 11:45:19 PM

Monero will likely hit tail a few months before AEON, as it launched before AEON and they are on basically the same schedule, though hash rate changes and such can cause them to diverge a bit.

I was inquiring since it appears that after k12 was enabled that there have been a larger volume of blocks per day. I mean it’s more stable than CryptoNote but seems to have accelerated supply consumption. Granted most are totally empty blocks, Aeon doesn’t typically get the long block times of a block or few every day like before cnlv7.

bbc.reporter

legendary

Activity: 2926

Merit: 1440

Quote from: bigslimvdub on August 08, 2020, 10:35:28 AM

In RE to tail emissions, what CN coin is on tail emissions currently? Will aeon hit tail emissions before Monero so it can be examined on effectiveness? Since there has been zero talk about tail emissions since 2017 pre-rebase, it is only hopes and expectations on effectiveness right now.

Also for price comparison to monero, Aeon was $9.50 while monero was almost $500. Not a fair way to compare projects based of market cap

However, tail emmission and infinite emmission are monetary policies that might be theoretically more sound than bitcoin's monetary policy of having only the fees to secure the blockchain after the end of its distribution.

smooth

legendary

Activity: 2968

Merit: 1198

Monero will likely hit tail a few months before AEON, as it launched before AEON and they are on basically the same schedule, though hash rate changes and such can cause them to diverge a bit.

bigslimvdub

member

Activity: 346

Merit: 23

In RE to tail emissions, what CN coin is on tail emissions currently? Will aeon hit tail emissions before Monero so it can be examined on effectiveness? Since there has been zero talk about tail emissions since 2017 pre-rebase, it is only hopes and expectations on effectiveness right now.

Also for price comparison to monero, Aeon was $9.50 while monero was almost $500. Not a fair way to compare projects based of market cap

Topic: [ANN] AEON [2019-09-27: Upgrade to version 0.13.0.0 ASAP HF@1146200 Oct 25] - page 13. (Read 625085 times)