[BMR] BitMonero emission curve change (proposal)

Fredz91

member

Activity: 60

Merit: 10

Quote from: Stanford on April 30, 2014, 12:54:49 PM

Another poll is here - https://bitcointalksearch.org/topic/poll-what-anonymous-coin-will-succed-568166
Vote for whatever coin you think will succeed.
I've already voted (that's a secret - but if you ask me I may tell you Cheesy

)

Vote vote vote! Voting is like my hobby - I really enjoy it!

Voted there too. I wonder what have your chosen ? Bytecoin ? or maybe Bitmonero? Looks like there is two type of members here - people who prefer Bytecoin or BitMonero .

Stanford

member

Activity: 314

Merit: 10

Another poll is here - https://bitcointalksearch.org/topic/poll-what-anonymous-coin-will-succed-568166
Vote for whatever coin you think will succeed.
I've already voted (that's a secret - but if you ask me I may tell you Cheesy

)

Vote vote vote! Voting is like my hobby - I really enjoy it!

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: digicoin on April 28, 2014, 02:01:18 AM

I am sorry. My writing is so confused. What I want to say is that: I am not a CPU miner. The CPU in my laptop is so weak that it can solve a block after 3 days of mining. Not encouraging result to a miner at all.

That's why I want original developers to keep their coins to fund GPU mining tool and pool mining project

The best solution if you want to mine on a single laptop is some kind of pool (or better pools). Even if a useful GPU miner is possible and gets developed (and hopefully release), everybody else will have a GPU miner too and then the difficulty goes up, so with one laptop you still won't be able to solo mine with consistent results.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: eizh on April 28, 2014, 02:06:19 AM

One related question: does the orphan problem decrease over time as internet speeds increase globally? What are some rough estimates for this effect?

Somewhat, but latency can't fall that much (speed of light). Also, over time in a successful coin the blocks get bigger, which makes the orphan problem worse, while internet and processor speeds are improving to make it better. So the two effects over time pull in opposite directions. The exact magnitude of each is hard to predict.

I'm not familiar with the situation with DRK so I can't comment on that. But it is clear that the a higher number of orphans leads to greater centralization, and also isn't very user-friendly, because people can't trust confirms if they might get reorged away.

eizh

hero member

Activity: 560

Merit: 500

Quote from: smooth on April 28, 2014, 01:21:00 AM

Quote from: digicoin on April 28, 2014, 01:18:18 AM

Quote from: tacotime on April 26, 2014, 09:50:52 PM

Then, we can hardfork to 2 minute blocks and diminish any possible allegation of premine.

Hi tacotime, I did not follow the discussion strictly so I am a little confused here. What is the benefit of 2-minute block? Reducing network bandwidth/blockchain size or orphans?

Yes that is the reason. There was no valid justification for one minute. The claimed reason was to make solo mining eaiser, but here we are one week into and people are already having trouble solo mining anyway (which was explained by me and others originally). How much more short sighted can you be than that?

One minute means many more orphans and reorgs, and as you point out, chain bloat.

I was more concerned about this prior to the recent success of DRK, which is similar (trustless decentralized mixing) and had an instamine equivalent to 50% of the current supply and 10% of the long run supply. It seems there are some loud people, but overall the market doesn't appear to care as long as the tech delivers.

Since the 2-minute block time is technically superior, it should be implemented with a hard fork. If it's implemented alongside giveaways/bounties for fairness and better PR, then all the better.

One related question: does the orphan problem decrease over time as internet speeds increase globally? What are some rough estimates for this effect?

digicoin

legendary

Activity: 1106

Merit: 1000

I am sorry. My writing is so confused. What I want to say is that: I am not a CPU miner. The CPU in my laptop is so weak that it can solve a block after 3 days of mining. Not encouraging result to a miner at all.

That's why I want original developers to keep their coins to fund GPU mining tool and pool mining project

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: digicoin on April 28, 2014, 01:32:04 AM

PS: I am a GPU miner. Just solved a block after 3 days of mining

There is a GPU miner for this coin?

digicoin

legendary

Activity: 1106

Merit: 1000

Thanks.

I vote for #21. But please do not destroy coins that are generated before the fork. It is not worth it. Developers and early adopters can keep their coins. However please donate some of them to coin development: pool, bounty, community building, wallet, website, GPU miner ...

PS: I am a GPU miner. Just solved a block after 3 days of mining

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: digicoin on April 28, 2014, 01:18:18 AM

Quote from: tacotime on April 26, 2014, 09:50:52 PM

Then, we can hardfork to 2 minute blocks and diminish any possible allegation of premine.

Hi tacotime, I did not follow the discussion strictly so I am a little confused here. What is the benefit of 2-minute block? Reducing network bandwidth/blockchain size or orphans?

Yes that is the reason. There was no valid justification for one minute. The claimed reason was to make solo mining eaiser, but here we are one week into and people are already having trouble solo mining anyway (which was explained by me and others originally). How much more short sighted can you be than that?

One minute means many more orphans and reorgs, and as you point out, chain bloat.

digicoin

legendary

Activity: 1106

Merit: 1000

Quote from: tacotime on April 26, 2014, 09:50:52 PM

Then, we can hardfork to 2 minute blocks and diminish any possible allegation of premine.

Hi tacotime, I did not follow the discussion strictly so I am a little confused here. What is the benefit of 2-minute block? Reducing network bandwidth/blockchain size or orphans?

Monkeyseemonkeydo

member

Activity: 246

Merit: 10

Quote from: Denni on April 27, 2014, 08:20:35 AM

I think sometimes even the small change to the "better state" may have the awfullest results.

You know, it's like drawing. You try to create the best picture ever, it's almost ready but you suddenly find that one line isn't so perfect as it has to be. You decide to use an eraser and draw another line (you are sure it will be better than the first one). No, not so perfect! Eraser! New line! Eraser!.. Ooops, paper is teared. Everything is spoiled.

I'm afraid it may became the story about Monero.
Let's leave this coin as it is.

Superbly written ! very clear comparison you've used here.
Let's leave this coin as it is.

Can only ass "everyone is perfect in their own imperfect ways"

JPSelzer

member

Activity: 689

Merit: 14

World's First Crowd Owned Cryptocurrency Exchange

I vote for #20.

BTW, here's a direct link to Comkort vote - https://comkort.com/vote#BMR, it's more user-friendly.

tacotime

legendary

Activity: 1484

Merit: 1005

Regardless of our choice, I have put up a big bounty for the first pool:

https://bitcointalksearch.org/topic/m.6422665

smooth and other big holders, we still need bounties for GUI and exchange.

Garryashas

member

Activity: 72

Merit: 10

I personally like the yellow curve. It's the closest line to Bitcoin's one, so it seems to be the most familiar and stable.

Denni

full member

Activity: 125

Merit: 100

I think sometimes even the small change to the "better state" may have the awfullest results.

You know, it's like drawing. You try to create the best picture ever, it's almost ready but you suddenly find that one line isn't so perfect as it has to be. You decide to use an eraser and draw another line (you are sure it will be better than the first one). No, not so perfect! Eraser! New line! Eraser!.. Ooops, paper is teared. Everything is spoiled.

I'm afraid it may became the story about Monero.
Let's leave this coin as it is.

madzooka

full member

Activity: 150

Merit: 100

Quote from: Cheesus on April 27, 2014, 01:51:26 AM

Voted for the #20 curve.

I know it's selfish and all but I think that early adopters should earn more since they are taking the huge risk.

When adopting coin early you can't know for sure if you're going to win or lose. You're dedicating your hashpower to something that is not yet valued - you can be screwed big time.

So, the way I see it - curve should be left untouched.

+1

Looks like we are going to make everyone equal thats actually contradicts with the market rules.
There is always people who came earlier or know more info and these changes may scare people to join this community. If a few people could change the rules when who can confirm where won't be any changes in future?

cyrpi4

member

Activity: 85

Merit: 10

Quote from: SlyWax on April 27, 2014, 02:34:48 AM

Or we can program the curve to be 20 for the first month, then 21 for the second, 22 for 3rnd and 23 for the rest.

Well, this is far from being so... but personally I am for curve being untouched.

The system works better and causes more credibility when it is stable.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: SlyWax on April 27, 2014, 02:34:48 AM

Or we can program the curve to be 20 for the first mount, then 21 for the second, 22 for 3rnd and 23 for the rest.

That's going to be portrayed as an instamine. It's not really but that will be the perception.

SlyWax

sr. member

Activity: 248

Merit: 251

Or we can program the curve to be 20 for the first month, then 21 for the second, 22 for 3rnd and 23 for the rest.

Cheesus

sr. member

Activity: 692

Merit: 254

terra-credit.com

Voted for the #20 curve.

I know it's selfish and all but I think that early adopters should earn more since they are taking the huge risk.

When adopting coin early you can't know for sure if you're going to win or lose. You're dedicating your hashpower to something that is not yet valued - you can be screwed big time.

So, the way I see it - curve should be left untouched.

Topic: [BMR] BitMonero emission curve change (proposal) (Read 10462 times)