Topic: December 2015 "Fastest Crypto" Bake-Off (topic locked) (Read 5673 times)

I'm locking this thread - it appears the same arguments are being discussed without progress.... and some folks are actually against honest participation.

I'll still run the bake-off (assuming I get more than 1 entry), and everything in the OP still applies, but we don't need this thread to stay open for that.

-cheers,
- Wingspan.

EXCEPT being closed source means that no one can independently verify how your 'results' were achieved hence, useless. I can make an app that spews out a bunch of bs too.

release the client dan or else all you and crew are doing is cluttering up these already cluttered shit forums.

This is assuming there are no malicious lines of code to secretly send your bitcoin or other alt coins to the developers address who created the binaries you are running.

Closed source when dealing with crypto is a very bad idea no matter which way you spin it.

There are other developers that expressed interest to take part with unfinished projects....I don't see them getting asked to not participate, so how else do you expect these arguments to get viewed?

It doesn't matter if its closed source or not, the ledger is public so the results can be verified in this particular test case as its sheer volume of transactions.

Edit: In fact in this particular instance, I would argue that closed source is BETTER and FAIRER, as the OP could not modify any participating client to under/over perform depending on any bias he may have.

You can't be serious mate, proving something in crypto with closed source software/client?

And you even try to taunt people when being asked to release first and compete after.

I'm trying to measure with this bake-off just the first one of 14 attributes of a good crypto.  I understand it isn't measuring the best overall crypto.  Please don't assume any crypto can't be the best based on present development or code review status.  We each pick a favorite - but the more objective data, the better.  And having a little fun, doesn't hurt, either.

IMO, here are 14 attributes that make a good crypto candidate trying to go mainstream:

• Has (or designed to have) the technical capacity to replace all fiat transactions (sustain 100K TPS) whenever needed.
• Is 100% decentralized. It can not be controlled except by the majority of the public.
• Has (or designed to have) a stable price and one's savings are safe from being devalued.
• Has (or plans to have) good marketing.  Has cool characteristics that might appeal to billions.
• Is secure (supports 2FA, etc).
• Is easy (like a debit card).
• Is cheap to use (nearly free).
• Does not waste energy or resources.
• Is as private/anonymous as a user wants.
• Fair distribution opportunities - no insider advantage before nor after launch. Everyone is rewarded in proportion for the work performed and the money risked.
• Has endured long-running global tests.
• All code has undergone (and will continue to undergo) thorough code review (by trusted third parties) before going into production.
• Is well documented.
• Is flexible, modular, or has promise in helping society in new ways not yet invented.

Of course having the following additional attributes help - but impossible for new cryptos - takes time:

• Has a large network effect behind it - a large ecosystem - lots of merchants, infrastructure.
• Has proven security where years have gone by without a major core breach.

-cheers.

Thats not a post count. Got way more than that

So basically....these arguments attempting to justify why eMunie should not be allowed to participate, simply paints a picture that everyone is running scared, even though its just meant to be for a bit of fun.

If that was not the case, then a large portion of all those developers who ever made claims about the speed of their crypto wouldn't care about eMunie still being in development, closed source, or whatever other weak justification for disallowing entry, so long as the results were fair and verifiable (which they would be).

In that case, eMunie will withdraw from the competition....we don't need to take part anymore

PS...Dont forget that I believe CFB was also planning on entering his in-development, non-released crypto....

Very eloquently put and your arguments make a lot of sense. Thanks!

Emunie wont work, bts for the win

Agree with r0ach here, the contest has 0 sense if a closed source non-released project can take part in it, which has 0 days runtime in a normal enviroment. No offense, the project can be 100% legit, but that doesn't change the point.

I've said this over and over from day one, that it has never been intended that eMunie makes everyone tons of fiat and provides a crazy a ROI.  The intention is that eMunie allows you to truly step away from fiat if you wish, or use it as a true alternative, and any ROI is a side effect of that and growth.

Isn't that supposed to be the true end goal here?

@r0ach

You appear to have an opinion, and judge anyone and anything, which obviously is your choice, but please wait with judging eMunie before it is even finished and out as a beta.
Once it is, and you have given it a good spin, well then you can rightfully judge it
Before that - all your elaborate talking points about it will mostly be hypothetical.
Granted, some of your talk may be correct, based on what @Fuserleer has disclosed in public, but eMunie is still evolving so not everything is set in stone yet.

I'm sure we are all aware that folks who are involved with eMunie, or any other similar project for that matter, are not so ignorant to think eMunie is the only valid one out there.
There may be other projects competing for that.
In the end the decision will be up to the consumers and the 'masses' who will be using it in their daily life.
The crypto community in here are, mostly, all biased towards their preferred flavour which they coincidentially bumped into, and then 'defend' it at all costs, which sometimes are a bit out of tune imo.
It's hard, or impossible, to please and agree with so many talented and stubborn personalities in here

Sometimes I'd wish to meet many of you folks in here in real life - hey - it might turn out that the ones I dislike most from what they write in here, would be someones that I would converse well with person to person.
An almost anonymous avatar is not really a good way to know each other, but then again it's not a 'find-your-perfect-partner' forum

Peachy, what are you smoking?  Emunie might have fundamentals, maybe it won't, we won't know until it's released.  What we do know is, every single post you've ever made on this forum has been done for no reason other than to try and hype Emunie.  For any camaraderie to exist, you would have to of talked about some other topic at some point time besides trying to enrich yourself by getting others to use Emunie.  You're like one of those people that knocks on doors at 6am trying to convert you to some religion, like a Jehovah's witness.  What is there to have camaraderie about?  It would be different if you ever made a single post about some kind of other topic, but you haven't.

This is a classic example of how any currency, whether it's fiat, gold, silver, anything, is all a pyramid scheme.  You have to try and con other people into using it to have value.  Like telling people gold is valuable when it's mostly just a useless lump of metal.  The other option is providing some kind of utility not found in the currency they already use.  The problem there is, there are now many currencies that offer benefits like this with things like decentralized exchanges, hedging in smart coins/prediction markets, etc.  The problem with Emunie in this regard, is that due to the way the monetary system works, you would make less money being an Emunie early adopter than something like a Bitcoin or Bitshares early adopter.

It's like telling people to use Freicoin instead of Bitcoin.  You're telling people to act irrationally when they could make more money supporting something else when the main benefactor is just going to be the guy who issues the IPO. This is one of the things that bothers me about Emunie.  In a prisoner's dilema scenario where everyone's goal is to maximize profit from investment, there's probably not going to be any prisoners choosing Emunie over another viable Bitcoin competitor.

For scalability, Emunie and Bitshares can both get the job done in displacing Bitcoin, but people will simply make more money supporting Bitshares.  Emunie also seems difficult to function as a native currency that's not pegged to dollars or something else as well from this Fuserleer quote:

added another bullet on the OP:

• During the 100-minute test, with the random shutdowns I'll purposely perform, I will make sure on average the node software will be allowed to run (and I'll be doing the "E" and "C" instructions as fast as I can) 75% of the time.   In other words, 25% of the available time the nodes will be not running the node software.  While some of that 75% uptime will be re-syncing per the "E" instructions, hopefully the syncing will be quick so "C" instructions can crank out new transactions ASAP.  If the new transactions at best will reach, for example, 11.1 per second per node, and if syncing is near instantaneous (for the sake of this calculation), the best score you'd possibly get is 11.1 * 60 * 75 * 20 = ~ 1 million.

I am excited about eMunie and what it can bring to the table.
That does not mean that I'm wearing blinkers.
If Ethereum, Bitshares, NXT or any other project turns out to be beneficial to my requirements, then for sure I will positively buy into those projects as well.
But for now eMunie has shown me that it is going to be the best project to fulfill my requirements as a future financial package.
I shall keep myself enlightened to other projects all the time.

The upcoming bake-off is one I look forward to with joy and curiosity. My competitive soul is triggered Shall be fun indeed

And it's the (lack of) camaraderie such as this being the principal reason why I don't post over here very often. 

Also, some of us do have a life (and job) outside of this place and don't have the luxury of time required to graduate up to school-yard bully.  If you enjoy that position then good for you.  I have better things to do with my time.

However, if someone over here is claiming it's raining outside in my neighborhood and I stick my head out the window and see the sun is clearly shining then I guess in your view you'd call me a shill/henchman/naysayer/global-warming-denier. 

I only spout what I know as fact based on what I've seen and tested with my own eyes.  However, you seem to assume it's raining based on any hint of water on the windows and will beat down anyone that claims otherwise. 

As for being a supporter of eMunie, well anyone with a 2nd grade reading level would see that I've had that in my signature line since day one ("eMunie: The future of money") so I can't quite comprehend how this is supposedly some master conspiracy you think you've uncovered when it's been that way for years. 

Additional clarifications I've added to the OP:

• I define one "payment transaction" as: one wallet paying another in the simple sense.  Additional activity for associated fees, preparing the payment so it can be spent by the receiver, or splitting payment into parts ... should all just counted as part of the one payment transaction.  E.g., buying a cup of coffee = 1 payment transaction (even if miners take a portion, a randomizer service is involved, or behind the scenes lots of activity happens in sub-transactions).
• The baseline configuration I reset nodes to for each test is what I get using this doc starting from the OS I get from Digital Ocean:  https://www.digitalocean.com/community/tutorials/how-to-install-and-configure-vnc-on-ubuntu-14-04  If I need to install other "assumed" items, please provide the instructions.

-cheers.

I assume I will get categorized as the same from you (shill, henchman, cheerleader) but a few things to point out. I have seen quite a few different crypto solutions since January 2012 (before hearing of eMunie in June 2013) and I can say with confidence that I feel eMunie is the only one that I have come across that addresses all of the flaws of BTC AND has ability to scale to be a mainstream solution for the public or your average non-technical consumer. It will hold a public IPO after the product is 90% complete and close to launch versus hold an IPO and start development from scratch.

eMunie really redefines mining in general to instead of that you are rewarded fairly for participating or running services for the network (distributing ledger, chat service, mail service, profile service, ratings service, decentralized marketplace) Someone that joins eMunie years down the road will have a clear path to participate and be rewarded with eMunie in addition to earning interest on their balance. I like to think of it as a hybrid between POS and POW for the end user.

I also do not post very frequently with Senior level member still as I approach my 4th year here shortly. For many people in this forum part of the fun is evaluating the best solution and have probably ran a wallet for hundreds of different coins. The current environment is more like horse racing than anything else. We all are betting on different horses here. In my case I am picking a Perfecta of eMunie for the Win and maid safe to come in second. Those two projects have something in common in that they are both carry themselves with integrity, years of dedication, and an attitude of designing the product in the best way without cutting corners. Personally I would like to see the two of them work together and think they would make a good combination. This is why it can take years, especially in the case of eMunie with 1 developer.

I have enjoyed keeping up on the other solutions out there.  I also paid the 10 protoshares back in the day to get a preferred ID in Bitshares in 2014, at the time I guess I got bored with that and the workaround needing to resync the blockchain to get it moving again. In the eMunie testing has it ever got stuck on various beta's sure. many times. But that is the difference it is not released to the public and would not without extensive testing to make sure that will not happen. Our current test network just hit 2.4 million transactions without getting stuck. That is the type of testing BTS should do before they release. Some of the other coins I have looked into are Burst, (proof of capacity based) it has lasted over a year and it is unique and why it had my interest. It was fun to learn, fun to mine, and enjoyable way to pass the time. Does it have the ability to compete with other solutions...no, not at all but fun none the less. Also tested Storj, potential exists there too but just prefer maidsafe myself. I have tested ETH mining out and hard to believe they are on a live network. It does not seem all that fair to give the tech guru an advantage to mine it now without simple GUI available and a year later with Serenity release be full POS coin where the average user must "buy in" to use it. I do give credit to Bitshares over ETH in that regard of just having a Windows wallet available originally.

The point is that many of us here do look for the BEST solution and willing to give each of them a chance. It is a great idea on this OP to spur some competition and pass the time, why not. It would only be one factor that people may use in their evaluation of different solutions. I am happy to see the focus in the alt coin section sort of evolve toward the more unique solutions in general away from the copy/paste coins. eMunie, BTS, VNL, XMR, DASH all have their thriving community of users. Let the all around best solution win. (achieve a level equal to or above BTC) that should be the overall goal here for all of them.

I disagree, Peachy isn't a classic shill coz he doesn't go looking for trouble on other coin threads. He's a classic minion, henchman, attack dog, No. 1 ... right-hand-man to Fuserleer. You might not like him, or agree with him, but's he's a higher order forum life-form than a 'shill'

Shills are pro-active in their cause whereas Peachy is always reactive, and only when eMunie or Fuserleer gets attacked as you mentioned yourself. There's a difference, and that's why Peachy's post count is low and almost 100% related to defending eMunie against attacks.


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