[ANN][XMY] Myriad | Multi-Algo, Fair, Secure - page 272.

MoneySpasm

newbie

Activity: 10

Merit: 0

Quote from: smokefirexx on April 04, 2014, 05:20:11 PM

Just read the the noble coin devs "state of the alternative cryptocurrency" post. Quite an interesting read. Would definitely recommend it.
https://bitcointalksearch.org/topic/informative-noblecoin-founder-addresses-the-state-of-alt-cryptocurrency-555576

In the post he addresses the technical and social issues facing many alternative currencies. As i was reading it, it occurred to me that a variety of the technical issues he mentions in his paper, this coin in theory seem to have resolved, such as a 51% attack.

However i'm quite inexperienced in the actual technicalities of cryptocurrencies so i was wondering if some one with a better understanding could shed some light on this?

Maybe more bounty money for a technical paper is in order :p

Read that too and it does put forward a case for myriad quite well even if that's not what the dev intended. I did a small write up previously with some brief thoughts providing a case for myriad, I would be willing to expand upon it with a second draft over the next few days if the community wishes it. Please PM me with any critiques. Unfortunately I lack the full technical understanding required to expand upon the technical vulnerabilities and hence would not claim the bounty regardless.

iamphoenix

sr. member

Activity: 244

Merit: 250

i couldnt be happier i was hoping to add to my massive long position at a lower price.
-------------

anyway on a different note we need to get a hold of Afros so he can update the website.. or create a bounty for a new web page

smokefirexx

newbie

Activity: 21

Merit: 0

Just read the the noble coin devs "state of the alternative cryptocurrency" post. Quite an interesting read. Would definitely recommend it.
https://bitcointalksearch.org/topic/informative-noblecoin-founder-addresses-the-state-of-alt-cryptocurrency-555576

In the post he addresses the technical and social issues facing many alternative currencies. As i was reading it, it occurred to me that a variety of the technical issues he mentions in his paper, this coin in theory seem to have resolved, such as a 51% attack.

However i'm quite inexperienced in the actual technicalities of cryptocurrencies so i was wondering if some one with a better understanding could shed some light on this?

Maybe more bounty money for a technical paper is in order :p

kskwerl

full member

Activity: 322

Merit: 100

Can anyone tell me which miner in PiMP i can mine Myriad with? And also which algro is the most efficient?

Miki

member

Activity: 68

Merit: 10

Quote from: YoyodyneSystems on April 04, 2014, 04:18:59 PM

Quote from: Miki on April 04, 2014, 03:11:31 PM

Price on mintpal is so manipulated it hurts to watch in real time.. Once the pump is over, tonight or tomorrow, it will plummet down to 300 sat.

If you add all buys in the last 24h they add up to 5-10BTC compared to 200BTC+ sells..

Amateur move - you cannot "add up sell walls". What are you counting the 10000 BTC sell order at 1 BTC to one MYR?

Amateur hour.... I'm following trades in real time for the last 10+ hours ... Anyway, price back to 300sats in 10-12 hours..

YoyodyneSystems

legendary

Activity: 1386

Merit: 1023

Quote from: Miki on April 04, 2014, 03:11:31 PM

Price on mintpal is so manipulated it hurts to watch in real time.. Once the pump is over, tonight or tomorrow, it will plummet down to 300 sat.

If you add all buys in the last 24h they add up to 5-10BTC compared to 200BTC+ sells..

Amateur move - you cannot "add up sell walls". What are you counting the 10000 BTC sell order at 1 BTC to one MYR?
Either you are FUDing for cheap price or you should not be trading if you are actually doing your math like that.

On another note --- Don't be fooled by shakeouts people. This whale is playing you like a fiddle. Pushing price up and down like a saltshaker.
No whale wants weak hands around for 2x-5x increases.

suchnoob

full member

Activity: 224

Merit: 100

Quote from: Miki on April 04, 2014, 03:11:31 PM

Price on mintpal is so manipulated it hurts to watch in real time.. Once the pump is over, tonight or tomorrow, it will plummet down to 300 sat.

If you add all buys in the last 24h they add up to 5-10BTC compared to 200BTC+ sells..

This guy is spreading FUD and it worked. Funny.

24h trade volume: 149btc

sells somewhat higher than buys since the price has gone down a little. Didn't stay to check but it shouldn't be a big difference.

Miki

member

Activity: 68

Merit: 10

Price on mintpal is so manipulated it hurts to watch in real time.. Once the pump is over, tonight or tomorrow, it will plummet down to 300 sat.

If you add all buys in the last 24h they add up to 5-10BTC compared to 200BTC+ sells..

Wiseman

newbie

Activity: 39

Merit: 0

When do you plan to add another algorithms? And which ones?

DLow

hero member

Activity: 616

Merit: 500

Quote from: Zoella on April 04, 2014, 12:39:43 PM

Quote from: solid12345 on April 04, 2014, 12:32:08 PM

Quick question from a trader, when are we going to see the amount of coins being released onto the market slow down? Its concerning to me the coin is only a little over a month old and already there is 116 million coins on the market when the final coin count is supposed to be 2 billion in about 10 years? I just worry any investment I make now is going to be eaten up badly by inflation.

Once supply reach 967,680,000 the award will be halved. Halved again at 1,451,520,000.

Personally I'd like to see it start adjusting sooner, but I think it means this coin has more use as distributed currency than a trading commodity.

had the same thought, but after all it says "a coin for everyone" so everybody should get the chance to mine with high rewards.

neuroMode

sr. member

Activity: 448

Merit: 250

Quote from: solid12345 on April 04, 2014, 12:32:08 PM

Quick question from a trader, when are we going to see the amount of coins being released onto the market slow down? Its concerning to me the coin is only a little over a month old and already there is 116 million coins on the market when the final coin count is supposed to be 2 billion in about 10 years? I just worry any investment I make now is going to be eaten up badly by inflation.

Don't forget, there was no premine as well.

Zoella

full member

Activity: 168

Merit: 100

Quote from: solid12345 on April 04, 2014, 12:32:08 PM

Quick question from a trader, when are we going to see the amount of coins being released onto the market slow down? Its concerning to me the coin is only a little over a month old and already there is 116 million coins on the market when the final coin count is supposed to be 2 billion in about 10 years? I just worry any investment I make now is going to be eaten up badly by inflation.

Once supply reach 967,680,000 the award will be halved. Halved again at 1,451,520,000.

Personally I'd like to see it start adjusting sooner, but I think it means this coin has more use as distributed currency than a trading commodity.

solid12345

legendary

Activity: 1246

Merit: 1000

Quick question from a trader, when are we going to see the amount of coins being released onto the market slow down? Its concerning to me the coin is only a little over a month old and already there is 116 million coins on the market when the final coin count is supposed to be 2 billion in about 10 years? I just worry any investment I make now is going to be eaten up badly by inflation.

linked67

sr. member

Activity: 336

Merit: 250

Well, after some block found, i have found a issue. The p2pool qubit is down for the moment to avoid people throwing hash rate for nothing.

eatrader

full member

Activity: 182

Merit: 100

The Crypto Analyst

Holding up surprisingly well after the pump.

DLow

hero member

Activity: 616

Merit: 500

Quote from: Zoella on April 04, 2014, 06:33:52 AM

Quote from: mami on April 04, 2014, 05:39:02 AM

Does this look like activity of a trading bot on Mintpal?

2014-04-04 09:48:31   BUY   0.00000697   123.00000000   0.00085731
2014-04-04 09:46:12   BUY   0.00000695   123.00000000   0.00085485
2014-04-04 09:46:12   BUY   0.00000692   123.00000000   0.00085116
2014-04-04 09:45:32   BUY   0.00000690   123.00000000   0.00084870
2014-04-04 09:45:32   BUY   0.00000689   123.00000000   0.00084747
2014-04-04 09:45:32   BUY   0.00000688   123.00000000   0.00084624
2014-04-04 09:45:32   BUY   0.00000687   123.00000000   0.00084501
2014-04-04 09:45:32   BUY   0.00000686   123.00000000   0.00084378
2014-04-04 09:45:32   BUY   0.00000685   123.00000000   0.00084255
2014-04-04 09:45:32   BUY   0.00000684   123.00000000   0.00084132
2014-04-04 09:45:32   BUY   0.00000683   123.00000000   0.00084009
2014-04-04 09:45:32   BUY   0.00000682   123.00000000   0.00083886
2014-04-04 09:45:32   BUY   0.00000681   123.00000000   0.00083763
2014-04-04 09:45:32   BUY   0.00000680   123.00000000   0.00083640

Somebody could easily just have posted those and had them all filled around the same time. I don't know about automated, but it looks someone is trying to keep the price inflated. Similar setup right now for unfilled orders...

0.00000678   130.00000000   0.00088140
0.00000677   130.00000000   0.00088010
0.00000676   130.00000000   0.00087880
0.00000675   130.00000000   0.00087750
0.00000674   130.00000000   0.00087619

those are manual orders. some joker is (effectively) pushing prices up or down. had some fun last night and sold into his 13.0000 orders when he was trying to push. with a mere 1000 myr i lowered the price 120 satoshi.

if you're trading on mintpal don't be intimidated, don't panic. set a price for sells and buys and stick to your decision. no matter what walls show up!

Zoella

full member

Activity: 168

Merit: 100

Quote from: mami on April 04, 2014, 05:39:02 AM

Does this look like activity of a trading bot on Mintpal?

2014-04-04 09:48:31   BUY   0.00000697   123.00000000   0.00085731
2014-04-04 09:46:12   BUY   0.00000695   123.00000000   0.00085485
2014-04-04 09:46:12   BUY   0.00000692   123.00000000   0.00085116
2014-04-04 09:45:32   BUY   0.00000690   123.00000000   0.00084870
2014-04-04 09:45:32   BUY   0.00000689   123.00000000   0.00084747
2014-04-04 09:45:32   BUY   0.00000688   123.00000000   0.00084624
2014-04-04 09:45:32   BUY   0.00000687   123.00000000   0.00084501
2014-04-04 09:45:32   BUY   0.00000686   123.00000000   0.00084378
2014-04-04 09:45:32   BUY   0.00000685   123.00000000   0.00084255
2014-04-04 09:45:32   BUY   0.00000684   123.00000000   0.00084132
2014-04-04 09:45:32   BUY   0.00000683   123.00000000   0.00084009
2014-04-04 09:45:32   BUY   0.00000682   123.00000000   0.00083886
2014-04-04 09:45:32   BUY   0.00000681   123.00000000   0.00083763
2014-04-04 09:45:32   BUY   0.00000680   123.00000000   0.00083640

Somebody could easily just have posted those and had them all filled around the same time. I don't know about automated, but it looks someone is trying to keep the price inflated. Similar setup right now for unfilled orders...

0.00000678   130.00000000   0.00088140
0.00000677   130.00000000   0.00088010
0.00000676   130.00000000   0.00087880
0.00000675   130.00000000   0.00087750
0.00000674   130.00000000   0.00087619

mami

newbie

Activity: 59

Merit: 0

Does this look like activity of a trading bot on Mintpal?

2014-04-04 09:48:31   BUY   0.00000697   123.00000000   0.00085731
2014-04-04 09:46:12   BUY   0.00000695   123.00000000   0.00085485
2014-04-04 09:46:12   BUY   0.00000692   123.00000000   0.00085116
2014-04-04 09:45:32   BUY   0.00000690   123.00000000   0.00084870
2014-04-04 09:45:32   BUY   0.00000689   123.00000000   0.00084747
2014-04-04 09:45:32   BUY   0.00000688   123.00000000   0.00084624
2014-04-04 09:45:32   BUY   0.00000687   123.00000000   0.00084501
2014-04-04 09:45:32   BUY   0.00000686   123.00000000   0.00084378
2014-04-04 09:45:32   BUY   0.00000685   123.00000000   0.00084255
2014-04-04 09:45:32   BUY   0.00000684   123.00000000   0.00084132
2014-04-04 09:45:32   BUY   0.00000683   123.00000000   0.00084009
2014-04-04 09:45:32   BUY   0.00000682   123.00000000   0.00083886
2014-04-04 09:45:32   BUY   0.00000681   123.00000000   0.00083763
2014-04-04 09:45:32   BUY   0.00000680   123.00000000   0.00083640

naglas

full member

Activity: 233

Merit: 250

Quote from: piples on April 04, 2014, 01:06:46 AM

I just made a request on cryptsy ... hope we will have the attention we deserve

https://cryptsy.freshdesk.com/support/discussions/topics/4000272159

strongly recommend myr avoids cryptsy.

foodies123

sr. member

Activity: 322

Merit: 250

Quote from: notsoshifty on April 04, 2014, 02:42:29 AM

Quote from: neuroMode on April 03, 2014, 11:57:14 PM

Can the efficiency of the Myriad code to keep each algorithm getting 1/5 blocks on average be measured by looking at this pie chart?

(image)

I was wondering why Skein is deviating so low and if this means there is room for improvement in the design on the coin that we can test on a testnet or something? I'm assuming we want to tend towards 20% for each and if Skein keeps dropping to 19.4, then 19.3, etc., we can be alerted that something is wrong?

That is from the whole blockchain. Ignore the earlier parts before things settled down, and instead look at figures for a short recent period (e.g. the last 24 hours, or 2880 blocks). One standard deviation each way would be 19.25%-20.75%. Two standard deviations each way would be 18.5%-21.5%.

You might even find that Skein has got more of its fair share of blocks in the last few days.

You should also expect a very slight preference towards the algorithms with high numerical difficulties (in decreasing order: SHA, Skein, Groestl, Qubit, Scrypt), for the reasons outlined recently.

You sir are a scholar and a gentleman.

This is the kind of people MYR needs. Not "derp, buy!! herp, sell!!"

Topic: [ANN][XMY] Myriad | Multi-Algo, Fair, Secure - page 272. (Read 850070 times)