Topic: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts - page 73. (Read 123199 times)

Essentially, this issue is not black & white like many perceive it to be and with deep respect to everyone, this is about to become news in the crypto world.

1. Not true, ASICs came by themselves to all CN coins.

2. Not true, CN is not ASIC resistant as we all have seen

3. True, it is an awesome project with a great future

I like the simple Cli wallet, gives me a feel of being more in control. I will take that over the new Monero GUI anyday.

Have you tried the command line wallet for Dero?  It is a big improvement on the regular CN CLI wallets.  Significantly more user-friendly, with a menu system, and useful functions (such as transferring entire wallet balance with automatic fee calculation instead of endless fiddling with the amount).

My one grip so far is that when showing transaction history, it would be nice to see date/time as well as block height.

The wallet, as you said, is not in itself a big issue. However, keep in mind that our devs already rewrote everything with Atlantis, so anything that communicates with the core (such as a wallet) must be built after the core is finalized. Hence why something so simple has been pushed back so far

You know decent projects have GUI wallets right away. Most developers are able to make them in a couple days. I never understood why Dero wanted to wait until Q2. Six months after starting the project. Maybe they are making a wallet that will blow our minds, maybe they wanted to wait until Atlantis, but who knows. Six months is a long time.

I've been supporting Dero since day one and the one thing that really hurts is that GPU miners(myself included) were the ones supporting and contributing to Dero since the beginning. However, the Dero team decided to hand the network over to asics without hesitation, centralizing the network with no solid explanation. Really puts things in perspective. I already sold all my Dero and have moved on to another project. I know many of my fellow miners have done the same. I check on how the project is doing from time to time but sadly, now, their just seems to be fud. Cryptonote is special because it is private, and asic resistant which helps make the network egalitarian. Something that apparently doesn't matter much to the Dero team. The premine shows a good amount of greed as well. It's impressive rewriting code and creating your own blockchain and the code is solid. Serena is an amazing community manager as well, maybe the best I have seen. However, I have also seen how unhappy miners abandon projects and I have been around long enough to know this is how many projects die. Asic miners love to dump coins, which cause the community to lose faith in projects and before you know it, they move on to something more innovative and egalitarian. The network doesn't survive without a strong base. I feel betrayed and I know most of this community feels the same way. I don't think you should get rid of asics anymore, it's only going to ruin your chances of recovery. You will make asics unhappy (you know they only mine like 3 dero a day per asic LOL) and most of the miners that were supporting Dero have moved on to a new and interesting project. It will be long before volume comes around again which means it will be a long time before a decent exchange. Your network will crash without asics. Such smart developers with such bad strategic thinking. I used to think one of the developers was from Monero but I know that is impossible now.  

 You should read further back than the last few pages. Dank has been around for a long time and he was joking.

It's not closed source if the software isn't out for use, yet. The source just isn't available yet because the software hasn't been released. There is a difference between closed source, open source and free software. Dero is open source, it is not free software.

You were right this is a little insane as it's too good to be true and have to admit that I have been keeping up the blind faith for the project from the start. All we have here about Atlantis is speculation. Though we have clues that build up out belief from time to time when we look at all two Dero chat rooms to see how active and wise and experienced the Devs and community are, to add more, as I know they are the first with these incredible valuable privacy + smart contract ideas, huge work of rewriting to Golang, and they have been always ahead of their ambitions on roadmap (not heard from someone else, I was here from the beginning and have been watching those achievements myself). Not to mention with the premined coins are locked they can't dump on us if Atlantis fails.

Till now it's still speculation and it may be blind but it's not harmful to get ourselves some Dero just in case, because if those works done for real in the near future, which is very very likely, we'll have a huge milestone not only for Dero but for the whole crypto world.

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Far as I know the source code will be open to community when Atlantis gets done. I suggest beside ann thread you should join Slack or Telegram cause things like this has been discussed there many times.

Problems Google has with cloud computing?  What the hell does that have to do with a cryptocurrency?

You don't get faster than C++.  The only reason Dero was rewritten was so they could close source it.  If they hadn't rewritten it they would have had to keep it open source or violate the licensing.

In fact, it not complete true, DERO is a copy of Cryptonite algorithm (Monero Project) and Criptonote Protocol. Both are written in the language C++. However, CapDero had rewrite the entire code in the language GO (GOLANG). Is important to understand what GO is, and its benefits, to see the differences. (please google it)

There are a lot of more technical explanations but this is the simple one. I think the principal benefit is that GO was entirely made to run faster applications in cluod systems and was created to resolve problems of communication that google has in cluod computing. And the reason DERO will be better than anyone for now is  that it will have the faster communications system and transactions in the network compare to the others.

This are the key features of the project posted but the official team:

•   DERO is a completely new and unique CryptoNote blockchain written in Golang
•   DERO is the first blockchain to have complete SSL in the P2P layer
•   DERO will be the first CryptoNote blockchain to have 500 transactions per second on its native blockchain without any lightning networks, validators or off-blockchain solutions
•   DERO will be first CryptoNote blockchain to have smart contracts on its native chain without any extra layers or secondary blockchains
•   CryptoNote privacy
•   Smart contracts
•   Atomic swaps
•   Mobile and offline wallets
•   Lightweight wallets
•   Subaddresses
•   Escrow services on the blockchain
•   Address signing and certifying
•   Voting on a private blockchain

Hope that with this you  judge better the project

Anywhere but the exchange to store DERO please and thanks  , hahaha, you make my day with that comment hahaha, if I want help  in configurate the console PM

I think we all noticed that. However, what you think is something good is actually the opposite. As an example, at the first months after the launch of the coin in the official pool there were more than 1000 miners per day, miners with GPU rigs and CPU. If you see now the official pool "http://pool.dero.live/" there are at least 118 miners per day and the hashrate is not bigger than 1 megahash in the pool. Hence, you have to analyze the risk that DERO network is facing, for wherever this ASICS are located are generating 322.59 MH / sec to the DERO network, and what will happen when they are gone? Do not misunderstood me I want them out of the network and return to GPU and CPU mining, but the questions here are. How the DERO team will make real miners come back to the network when the ASICS are gone? How many real miners are mining with ASICS? Is this really decentralization or is it a monopoly? I can think that the entire network is among between 15 – 25 people, for the company who sells the ASICS sell them in units of five or ten units per order.

As other examples compare these three coins that have cryptonite algorithm and crytonote protocol. Each one is different, I know is for example.

If you see the Monero network after 4 years has 480.33 MH / S, with a difficult of 57,640,036,162, the block is 1,573,597 and the reward per block is 4.63 Monero

If you see the HAVEN a coin that appears at the same time that DERO the network is 28.47 MH / S, with a difficult of 3,415,954,846, the block is 68,250 and the reward per block is 30.90 HAVEN, (I know there was a pump and dump in this coin, but that is another theme)

But, when you see DERO for the fault of ASIC the numbers are not logic, the network is 324.59 MH / S, with a difficult of 38,951,381,007, the block is 75,725 and the reward per block is 27.15 DERO.

In my opinion when DERO migrate to Atantis will have to give incentives to GPU and CPU miners to stabilize the network once and for all.

You seem to be taking a moral high ground of your own invention, because there is nothing noble about continuing to mine with a GPU/CPU when ASICs have been developed for that algo; you are merely contributing to global warming with almost nothing to show in return (in my case, around 0.11 DERO per day). In case you are tempted to persist in this line of argument, consider how many people still mine BTC with a GPU/CPU, for one very notable example. Arguing that I am a fairweather miner because I chose to put my GPUs to work on something far more profitable is analogous to calling a vegan a hypocrite for killing a mosquito... It might technically be true, but it's kind of a dick move to press such an argument.

Finally, I said I'm showing my support for DERO - in lieu of mining - by not dumping my coins, so saying that dumping my coins would only hurt me is a classic case of preaching to the choir.

What they said, although I will go one step further and say I have no freaking clue how to navigate a console at this point in time. A QT wallet would be great, but if not at least a mobile or web wallet perhaps? Anywhere but the exchange to store DERO please and thanks 

It's valid FUD until proven that they can do it.  I especially want to see how they overcome the "no orphans" problem. 

Anonymous developers, closed source, insane promises.  This is fine.  Keep up the (blind) faith.

Do you have any clue what you are talking about?

Sure, keep mining Dero on your GPUs that are paying 1/10th of what you could be making.

That has been asked several times on Slack/Discord/Telegram.  We will not have an answer until Atlantis is slated for release.  They have assured us that we will have ample time to set up our rigs before it goes live.