Topic: [BBR] Boolberry: Privacy and Security - Guaranteed Since 2014 - page 168. (Read 1210779 times)

You can not opt out. You can only vote to reduce the rate of payment.

I wasn't going to reply at all but since I replied to correct this point I'll add that I don't think the 1% deferred premine is a big deal. The mechanics of the system could have been disclosed better but as these things go in crypto it is a relatively insignificant issue. Everyone was well aware of a 1% developer reward even if the exact details were clear only in the code.

Yes. A difference in comparison to most other CryptoNotes is that is still deflationary, i.e. miners are supposed to be payed only be transaction fees in 100 years from now or so. I do not think anyone is sure how that tailing curve should look like so i suppose devs are patient with that change. Most of other CN projects kinda decided already what is best for time period 50-100years or so from now

You do not think that current possibility to opt-out from contributing to development is enough?

IMO if anything few more stuff should be at the protocol level, one of them being kind of incentive to run a BBR node. Perhaps as a second (now node operator) fee that node operator can take for providing services to SPV wallets, if this could not be gamed to bloat the blockchain too cheaply.

i didn't look at the source code
is the block reward reduce slowing with time ?

I like terminology you use, abut there is one more option for BBR. To live near disinflationary regime, but slightly on inflationary side. IMHO this makes most sense as it may provide long-term incentives for miners and somewhat decrease the volatility

100% agreed. The social layer is the only layer suited for this kind of things. This is probably one of the things that kept BBR from flying...

 
  
My issue is not with the amount.  It is that the bounty is built into the protocol level.  I believe (and I believe others will believe) that developer funds and project bounties should happen a level above the protocol, on a social layer - no profit/compensation mechanisms should ever be baked into the protocol itself.  
  
As well I am concerned about the nature of this fund.  Is this a stash specifically for the head dev that he claims as his own?  Or is it a war chest that has been pledged to incentivize development now and in the future?   
 
Let me be clear that I have a favorable opinion of Boolberry, respect their technical development of the Cryptonote protocol and include them in the short list of not just valid Cryptonote projects - but valid "alt" coins.  I just wish some things were different, and I think it would benefit their long term adoption. 

I am going to assume you have an issue with the FORM of the developer bounty not the amount, because Aeon has already donated a development bounty (over 400,000 coins) far in excess of the bounty that the current Boolberry dev min reward will generate for the entire lifetime of the coin.

crypto_zoidberg has done more than enough to earn his bounty so far and I think he should be paid more. The same way Aeon may be forked to add perpetual 0.8888% emission, Boolberry could fork to eliminate the dev mining bounty. Instead we could collect donations for certain benchmarks which IMHO should be for more than the current perpetual 1% reward.

Do you agree that the dev bounty amount should not not be in question (or is probably too low)?

I agree with you that a new incentive structure would be preferable and it should be created if we can reach a consensus.

Sure mate. Even if we ignore crypto is on the rise, as expected for a November I supose, the push toward cashless society will make (privacy-oriented) crypto rise eventually.

Let me give an example. Let's assume for the second we have perfect society with no problems at all, and we accept cashless system. At first, flowers are blooming in the winter and unicorns play in every park. But people also are part of the environment. So Joe takes his mistress to a dinner and pays with a card, as there is no cash to remain private. Now all you need for his wife is to have benevolent friend in payment-processor company, or just a guy there to have a crush on his wife for problems to start. Before long Joe will wish for some privacy-preserving payment system that does not depend on potentially week link (in terms of privacy). After a while BBR has a market of Joes. In this example all players were benevolent humans, now let's think of developments in the real world with some corrupted players. There will be ppl in payment-processor companies of this example that will profit from the information of a kind (corruption), and other ppl in those companies that will make a life-stile in comforting wifes of a kind (manipulation and coercion), given the cashless system runs long enough.

 
 
I have made it quite clear in the Aeon topics that the recent Aeon run up has been mainly me buying a lot of it.  Don't think that Aeon mass adoption is right around the corner or anything; I like the branding, I respect Smooth's honesty and competency as a developer, and I like the focus on mobile and pruning that Aeon will try to implement.  I also enjoy that I've had a hand in helping bring about a proposal to make Aeon be the first major cryptonote with an inflationary (0.888~%) trailing emission.  As you can see, the price has fallen back down to pre-AP buying spree levels. 
 
I am interested in all cryptonotes, and Boolberry as well.  In addition to some advanced and unique features, I heard Boolberry was deflationary, which is great!  I think a major deflationary Cryptonote is necessary - this way there will be three major Cryptonote coins and each will have a type of trailing emission: deflationary, disinflationary, and inflationary.   As well, some core Boolberry members have written me to invite me to get interested in the community, which is flattering and I appreciate.
 
But I have reservations.  From what I have heard Boolberry features a 1% constant dev-mine: 
 
 
 
I understand that the miners can turn this off, but it will just be reassessed retroactively at a later time.  I apologize if this has been asked before, and if so please point me to any comments where this is explained/justified.  It seems thinly justifiable as a dev fund, and paints the entire project as more of a commercial endeavor rather than an altruistic one designed to create a worldwide private ledger.  I understand that everyone needs to eat, and even Aeon's primary dev Smooth has inherited a small treasure hoard of coins to use for support & development.  It's the recurring, non-voluntary nature of this that makes me cautious.  And I am forced to extrapolate that if it makes me cautious, it will make others cautious too down the road. 
 
So I'm reading over your ANN topic and some of your other materials; if you have anything to add to my thoughts, I'd love to hear it.

Is there any specific reason why you think volume will increase soon? You may be right but I am still interested in hearing your reasoning.

IMO one can not draw any conclusions while volume is this small. Anyone with 100BTC can make BBR or AEON (or both) markets looks as he/she wishes. When the volume picks up, and soon it probably will, they will probably be coupled in price for a while before they land more firmly in the real world. Only then will their price start to be distinct by real differences. I am speeking of long-run price differences


dev instantaneous activity certainly gives bias to the price somewhat up or down. And if come bias is prolonged it my cause non-linear effects in real world, by reaching some critical mass and whotnots. But, IMHO, long-run is more important although people usually state that time in Cryptoland goes fast. In other words, lack of noise is also important so devs can make proper long-term reflecting decisions. And lack of noise and high dev activity kinda exclude each other. Kinda

Dev activity, or lack of it here, explains all in my opinion.

I have nothing against Aeon but am confused about why it has been doing better than Boolberry recently on Bitrrex.

Boolberry has less coins in circulation (slower mining reward schedule) so I would expect its price to be higher even if the two coins were the same. Boolberry actually has lot more features, a larger community and has been around longer.

What do you think?

Just switched to Windows 10 and testing my system... experiencing a significant drop on mining speed with my gtx960 card, using the latest Nvidia driver (358.87) and the cpuminer-multi-opencl miner: Mining speed dropped from 830 kh/s to 560 kh/s! Is this common knowledge? Does anyone know how to fix this? Thx in advance!

Mike, nice to see you back!

Hi clintar! I stayed away from crypto for a while but came back. Just doing some e-currency trading now.

mike

Nice to see more long term supporters of Boolberry become more active lately!

Hey, how's it been? What you been up to?

I don't recall locking it.