i don't expect squat (re price) with then new release unless their are those that "invest" based on "performance" of a core team.
i mean, really, besides the ability of the network to perform its primary function, there is the ability of the network to perform that function in a secure fashion. 0.9 will allow many more nodes to come online... we've all witnessed newcomers to the scene be like "yo i downloaded this thing on the website and wtf". So 0,9 will make that whole situation somewhat better.
but as was eluded to in that fast talkin bitcoin podcast, its all about network security. And our hashrate just doesn't cut it yet. What cuts it? I have no idea. As a supporter, you can do many things:
1. run a solo node and mine on it
2. build up massive mining infrastructure
3. keep the price high
the current evolution of crypto allows #3 to work in some extent to address the overarching problem - lack of net hash. If monero was worth 10$ at current emission, what would the net hash be? so many cloud services would be burned keeping it up. But thats not what we want. We want a natural net hash. We want organic. Home grown. A real network of contributors. A real network of miners with dedicated rigs.
Yes it has been posited that we're just not there yet to justify high net hash..... but when? when the emission curve is bollux?
i mean, really, besides the ability of the network to perform its primary function, there is the ability of the network to perform that function in a secure fashion. 0.9 will allow many more nodes to come online... we've all witnessed newcomers to the scene be like "yo i downloaded this thing on the website and wtf". So 0,9 will make that whole situation somewhat better.
but as was eluded to in that fast talkin bitcoin podcast, its all about network security. And our hashrate just doesn't cut it yet. What cuts it? I have no idea. As a supporter, you can do many things:
1. run a solo node and mine on it
2. build up massive mining infrastructure
3. keep the price high
the current evolution of crypto allows #3 to work in some extent to address the overarching problem - lack of net hash. If monero was worth 10$ at current emission, what would the net hash be? so many cloud services would be burned keeping it up. But thats not what we want. We want a natural net hash. We want organic. Home grown. A real network of contributors. A real network of miners with dedicated rigs.
Yes it has been posited that we're just not there yet to justify high net hash..... but when? when the emission curve is bollux?
Important post from Monero thread that is just as (and arguably more based on our lower hash rate) important for boolberry
#1 is a very easy thing to do. Any believer in Boolberry should absolutely start solo mining today to support the network regardless of profitability. If your profitabilty calculations (based on your equipment and electricity costs) tell you it is more "efficient to just buy on the exchange then buy on the exchange AND mine Boolberry. It is the right thing to do and essential to network security.
Start mining!
Stuff like that can not hurt too much in adoption phase, if time-restrected enough i suppose
