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Topic: rpietila Altcoin Observer - page 135. (Read 387551 times)

hero member
Activity: 826
Merit: 500
July 27, 2014, 12:25:05 PM
Whats the best anon coin to date? What about Zerocash?  Huh
There's no viable solution as of yet. No matter what you buy, you're investing in promises.
Monero is fully working 100% anonymous transactions, the code is open source just look for yourself.
Monero is a year or more away from being a viable option. Functional does not necessarily imply viable.
hero member
Activity: 938
Merit: 1001
July 27, 2014, 12:23:17 PM
And here is an example of what I predicted w.r.t. to innovation originating from smaller teams.

Boolberry looks better thanhas some innovations on Monero (at least until Monero adds I2P and copies these features, then Monero has the better name).

1. It prevents the cascade of linkability when other users in your mix don't mix as much as you do (although this could lead to gridlock if not managed somehow).

2. It claims to prune the blockchain by an estimated 30 - 70% (note this is still not enough to deal with the 100s of Petabytes scaling criticism I made upthread, because it is only a constant factor). Edit: when I formerly thought deeply about pruning Cryptonote, it seemed you'd have no way to prevent someone in your mix from not spending forever, thus making pruning impossible in that case. So I have some doubt about his claim.

.....

I am not sure about 1 but 2 would require hard-fark. Something TacoTime indicates will not be happening anytime soon.

I asked zoidberg to come in and comment on number 2.

It's pretty obvious that Boolberrys biggest problem is, it has no team.

No its biggest (first-class) problem is it doesn't have a single feature that can't be adopted quickly by Monero and which makes it extremely compelling "must have" coin. A team won't change that.

The second non-starter problem is the name isn't professional, i.e. it reflects on a lack of marketing.

Boolberry has had a working Official GUI Wallet for some time now. Boolberry has had the ability to prune the size of the blockchain since start. Monero has not quickly adopted either of these features.

If I look outside the Bitcointalk space, I see many products with different names that seemed bad at the time. The products did well. Google used a mispelled name. Yahoo is a derogatory term for a "rough" person.

It's just one good coder and a marketing guy. I really give respect for there good work.

From the little I've seen, the marketing guy needs to be fired unless I missed something major. ...


I doubt you missed anything. Unfortunately, I cannot spend as much time as I would like on marketing. I spend a lot of time doing things unseen by most such as testing, keeping up to date on CryptoNote happenings, watching altcoin observer threads and reading all the XMR fanboy threads.  

...
lose to Monero to be the first fair release
...

There is no clear winner in the first fair release argument.

Bitmonero was announced on 4/9. Bitmonero was launched 4/18. Bitmonero was taken over around 4/24 and renamed Monero.
Boolberry was announced on 4/21. Boolberry was launched on 5/17.

There was active development on Boolberry since the announce. No meaningfiul changes were made to the Bitmonero core until after the takeover.


Also, BBR has not enough of a lead to overtake Monero, this is the Litecoin vs Bitcoin argument all over again.


No. BBR & XMR came out at the same time. BTC had a 2 year lead on LTC.
sr. member
Activity: 469
Merit: 250
English Motherfucker do you speak it ?
July 27, 2014, 12:20:37 PM
Whats the best anon coin to date? What about Zerocash?  Huh
There's no viable solution as of yet. No matter what you buy, you're investing in promises.
Monero is fully working 100% anonymous transactions, the code is open source just look for yourself.
Here is what gmaxwell writes about it, his name is nullc:
https://news.ycombinator.com/item?id=7765455
hero member
Activity: 826
Merit: 500
July 27, 2014, 11:55:55 AM
Whats the best anon coin to date? What about Zerocash?  Huh
There's no viable solution as of yet. No matter what you buy, you're investing in promises.
member
Activity: 81
Merit: 1002
It was only the wind.
July 27, 2014, 10:16:13 AM
Here's a drawback - XMR is most effectively mined on a server farm, but worse, second most effectively mined by a botnet.

I fail to see how is XMR any different than BBR in this regard - so it is not a valid argument. And also I don't see botnets as bad and I have already talked about it.

BBR's small network is actually in a worse position regarding the newly mined coins because there are just a few miners that are immediately dumping the coins (one of them is you wolf Smiley - correct me if i am wrong, i was not even able to find a long term hashrate chart.
If there is mining competition it is a good thing no matter if it comes from botnets or small players who will in the end prevail afterall because they have their computers on anyway so their mining cost is close to zero.


Haha, don't look at me, I'm not dumping.
newbie
Activity: 56
Merit: 0
July 27, 2014, 11:52:19 AM
Whats the best anon coin to date? What about Zerocash?  Huh
full member
Activity: 135
Merit: 100
July 27, 2014, 11:51:19 AM
BBR doesn't have a "sugar daddy" effect not network effect. It will get it's backing in soonish time.

Zoidberg is not a one man team. He is also widely suspected to have written major portions of the original CN coin. I also suspect he is thankful_for_today (could be wrong on this one), so he is never going to focus his energy on XMR. Instead he and his small team are working on just improving BBR all around. His work in not closed source, contributors are going to come to BBR just like they came to XMR.

Cheap current valuation is nothing to worry about. Accumulate and speculate.

XMR was on a terrific track until it started getting hastily shoved down everyone's throats by pumpers and a certain exchange. In due time BBR will rightly surface over the XMR drawbacks.

This is FUD. Zoidberg did not spend two years writing CryptoNote, then wait for it to be public, then lose to Monero to be the first fair release. If Zoidberg really was apart of the original CN team, he certainly would have been ready to release the first fair CN coin.

You're a liar, you're making up lies.

Also, BBR has not enough of a lead to overtake Monero, this is the Litecoin vs Bitcoin argument all over again. Perhaps if BBR had a entirely different anonymity system then sure, it could be a competitor, but it's not. BBR has the same stuff that Monero has and both teams (Monero and BBR) have been using each others commits, so the intellectual knowledge sharing is quite even actually.

You're making a case that isn't, very sad to see BBR supporters being this lame.

One of the only people I respect in the BBR community is Zoidberg, many of the BBR supporters like yourself just make up fiction and lies, I cannot respect a liar.

 I think your time would be much wiser spent on being a good brown nosing cheerleader and attacking every coin that you dislike, rather than attacking me and my lying abilities, mate. I do not represent any camps. I am just not your regular cheerleader of one coin. Cryptos have a funny way of biting you back in your arse. Let's catch up down the road and see where things are in a few months, hey?
legendary
Activity: 990
Merit: 1108
July 27, 2014, 10:37:34 AM
Note I don't expect tromp's Cuckoo hash to be GPU resistant, because it can be (even if sublinear) parallelized. I don't know if anyone has tested parallelizing it on more than the two dozen cores he tested?
I tested it for him on 32 cores. I don't know the results you would have to ask him (I just ran some code he gave me on an idle system).

I summarized the results in my private response on May 1, reproduced below.
Note that the version you tested is the older one that didn't include edge trimming.
From all my benchmarking, I notice that AMD opteron servers, as well as Intel Xeon
servers with quad and octa cpus, appear to saturate memory at under 32 threads.
Dual-cpu Xeons appear to have a superior (at least for Cuckoo Cycle) memory subsystem,
that allows them to perform well beyond 32 threads.


----------------------------------------------------------------------------
Thanks, smooth!

As I feared, Xeons perform much worse in octa-cpu configuration
than in dual-cpu. The speedup flattens out at about 16 threads.

If you run the speedup test on one of your dual-Xeon systems
with 16+ (hyper)threads, you'll see performance scaling much
better and presumably not flattening out,
like the green speedup30 curve in my paper at page 6 bottom left.

My favourite test target would be a system with dual
Xeon Ey-28(70/80/90) that can run 60 hyperthreads...

-John
full member
Activity: 173
Merit: 182
July 27, 2014, 10:16:32 AM
What are the weaknesses with XC that have been brought to light? Last we discussed this all I took from it is that their anon implementation is closed source for the time being. I know that's more than enough for many people to dismiss it until everything is opened up, but other than that, was there some other major issue that I missed?


http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#x11_coin
legendary
Activity: 826
Merit: 1002
amarha
July 27, 2014, 10:11:06 AM

And why the name calling? I noticed the Dark guys don't come around anymore for many reasons (e.g. dropping volume, weaknesses brought to light, etc.)
but I don't mind debate. I am not tied to a coin, though it would be nice to make another few nice calls on successful coins in the future. I was in Dark, XC
and some others and exited them when more evidence of their weaknesses came to light. But I am no necessarily looking for "the best" coin. Rather something
that appears to be near the top at this time and one that will adapt and change as need be. (Why I got out of Litecoin, at least for now.)

IAS

What are the weaknesses with XC that have been brought to light? Last we discussed this all I took from it is that their anon implementation is closed source for the time being. I know that's more than enough for many people to dismiss it until everything is opened up, but other than that, was there some other major issue that I missed?
legendary
Activity: 1176
Merit: 1015
July 27, 2014, 10:09:40 AM
Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.

You really have no idea what you're talking about do you ? We're in a downtrend. What's surprising is that it has not yet hit the 3,65 mBTC range. What's surprising is how much demand there is above 3,9 mBTC.

My theory is that cryptsy will add XMR soon and some people know about it, so they're not dumping just yet.

Also, now that I'm quoting you, i must say this : it's beyond me how you are not yet banned from this thread : every time you post, you add nothing but noise.
Sorry, didn't know that praising Monero was mandatory. You guys are pathetic.

Critics are welcomed - just don't forget to bring arguments. Hint: ad hominem are not arguments.
With the amount of shilling and pumping that went on over the past two weeks or so, I was genuinely surprised that Monero did not go higher. It's not an argument, it's just a statement.

It's a healthy market, people believe in Monero because it was the first fair CryptoNote coin. There are only several other types of coins on the market:

1. Bitcoin
2. Other CryptoNote coins that are technically strong like Monero but have no leading market edge and are essentially "Litecoin/Litenotes"
3. Gen 2 coins like Ethereum and Nxt. However Nxt economy will never be strong because newly minted coins are essential for economic freedom and movement, and Ethereum is early days.
4. All the scam coins, (XC, Dark, Black, etc...)

Really, the only decent coins that are worth our time is Bitcoin, Monero and Ethereum.

I think the Ethereum IPO will be so large it might be worth waiting until the coin is release before investing though.
full member
Activity: 211
Merit: 100
July 27, 2014, 10:03:48 AM
Here's a drawback - XMR is most effectively mined on a server farm, but worse, second most effectively mined by a botnet.

I fail to see how is XMR any different than BBR in this regard - so it is not a valid argument. And also I don't see botnets as bad and I have already talked about it.

BBR's small network is actually in a worse position regarding the newly mined coins because there are just a few miners that are immediately dumping the coins (one of them is you wolf Smiley - correct me if i am wrong, i was not even able to find a long term hashrate chart.
If there is mining competition it is a good thing no matter if it comes from botnets or small players who will in the end prevail afterall because they have their computers on anyway so their mining cost is close to zero.
hero member
Activity: 826
Merit: 500
July 27, 2014, 10:01:07 AM
Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.

You really have no idea what you're talking about do you ? We're in a downtrend. What's surprising is that it has not yet hit the 3,65 mBTC range. What's surprising is how much demand there is above 3,9 mBTC.

My theory is that cryptsy will add XMR soon and some people know about it, so they're not dumping just yet.

Also, now that I'm quoting you, i must say this : it's beyond me how you are not yet banned from this thread : every time you post, you add nothing but noise.
Sorry, didn't know that praising Monero was mandatory. You guys are pathetic.

Critics are welcomed - just don't forget to bring arguments. Hint: ad hominem are not arguments.
With the amount of shilling and pumping that went on over the past two weeks or so, I was genuinely surprised that Monero did not go higher. It's not an argument, it's just a statement.
legendary
Activity: 1176
Merit: 1015
July 27, 2014, 09:59:07 AM
BBR doesn't have a "sugar daddy" effect not network effect. It will get it's backing in soonish time.

Zoidberg is not a one man team. He is also widely suspected to have written major portions of the original CN coin. I also suspect he is thankful_for_today (could be wrong on this one), so he is never going to focus his energy on XMR. Instead he and his small team are working on just improving BBR all around. His work in not closed source, contributors are going to come to BBR just like they came to XMR.

Cheap current valuation is nothing to worry about. Accumulate and speculate.

XMR was on a terrific track until it started getting hastily shoved down everyone's throats by pumpers and a certain exchange. In due time BBR will rightly surface over the XMR drawbacks.

This is FUD. Zoidberg did not spend two years writing CryptoNote, then wait for it to be public, then lose to Monero to be the first fair release. If Zoidberg really was apart of the original CN team, he certainly would have been ready to release the first fair CN coin.

You're a liar, you're making up lies.

Also, BBR has not enough of a lead to overtake Monero, this is the Litecoin vs Bitcoin argument all over again. Perhaps if BBR had a entirely different anonymity system then sure, it could be a competitor, but it's not. BBR has the same stuff that Monero has and both teams (Monero and BBR) have been using each others commits, so the intellectual knowledge sharing is quite even actually.

You're making a case that isn't, very sad to see BBR supporters being this lame.

One of the only people I respect in the BBR community is Zoidberg, many of the BBR supporters like yourself just make up fiction and lies, I cannot respect a liar.
hero member
Activity: 723
Merit: 503
July 27, 2014, 09:51:40 AM
Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.

You really have no idea what you're talking about do you ? We're in a downtrend. What's surprising is that it has not yet hit the 3,65 mBTC range. What's surprising is how much demand there is above 3,9 mBTC.

My theory is that cryptsy will add XMR soon and some people know about it, so they're not dumping just yet.

Also, now that I'm quoting you, i must say this : it's beyond me how you are not yet banned from this thread : every time you post, you add nothing but noise.
Sorry, didn't know that praising Monero was mandatory. You guys are pathetic.

Critics are welcomed - just don't forget to bring arguments. Hint: ad hominem are not arguments.
member
Activity: 81
Merit: 1002
It was only the wind.
July 27, 2014, 09:20:31 AM
Zoidberg is not a one man team.
https://github.com/cryptozoidberg/boolberry/graphs/contributors
According to the number of commits, he is basically a one man team.

He is also widely suspected to have written major portions of the original CN coin.
Suspected? LOL
Not that anyone would doubt his abilities - I got the feeling he is rather overrated than underrated because everybody says he is good from what I have read so far.

XMR was on a terrific track until it started getting hastily shoved down everyone's throats by pumpers and a certain exchange.
So it was on the right track but pumpers and the exchange somehow turned it bad?
I don't know what to say about bitcoin then, the amount of pumpers and exchanges shoving bitcoin down our throats is beyond compare!

In due time BBR will rightly surface over the XMR drawbacks.
What drawbacks?
You are now seriously implying that BBR will be a leading cryptonote coin?
You know that it is a highly unlikely outcome, right?
Please, have some common sense. I have nothing against BBR but let's be reasonable with our argumentation.

Here's a drawback - XMR is most effectively mined on a server farm, but worse, second most effectively mined by a botnet.
legendary
Activity: 1442
Merit: 1000
Antifragile
July 27, 2014, 09:48:32 AM
Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.

You really have no idea what you're talking about do you ? We're in a downtrend. What's surprising is that it has not yet hit the 3,65 mBTC range. What's surprising is how much demand there is above 3,9 mBTC.

My theory is that cryptsy will add XMR soon and some people know about it, so they're not dumping just yet.

Also, now that I'm quoting you, i must say this : it's beyond me how you are not yet banned from this thread : every time you post, you add nothing but noise.
Sorry, didn't know that praising Monero was mandatory. You guys are pathetic.

The daily volume of Monero has been huge. Clearly there are some people with money entering and supporting the market. Why is that a pump?
Even here, Risto and others have presented great arguments for its success. I don't understand why praising a coin along with huge volume,
is necessarily pumping?

To me, pumping implies dumping, right? I mean what is the sense in pumping something up outside of getting a nice return?

And why the name calling? I noticed the Dark guys don't come around anymore for many reasons (e.g. dropping volume, weaknesses brought to light, etc.)
but I don't mind debate. I am not tied to a coin, though it would be nice to make another few nice calls on successful coins in the future. I was in Dark, XC
and some others and exited them when more evidence of their weaknesses came to light. But I am no necessarily looking for "the best" coin. Rather something
that appears to be near the top at this time and one that will adapt and change as need be. (Why I got out of Litecoin, at least for now.)

IAS
hero member
Activity: 826
Merit: 500
July 27, 2014, 09:39:20 AM
Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.

You really have no idea what you're talking about do you ? We're in a downtrend. What's surprising is that it has not yet hit the 3,65 mBTC range. What's surprising is how much demand there is above 3,9 mBTC.

My theory is that cryptsy will add XMR soon and some people know about it, so they're not dumping just yet.

Also, now that I'm quoting you, i must say this : it's beyond me how you are not yet banned from this thread : every time you post, you add nothing but noise.
Sorry, didn't know that praising Monero was mandatory. You guys are pathetic.
hero member
Activity: 723
Merit: 503
July 27, 2014, 09:22:41 AM
Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.

You really have no idea what you're talking about do you ? We're in a downtrend. What's surprising is that it has not yet hit the 3,65 mBTC range. What's surprising is how much demand there is above 3,9 mBTC.

My theory is that cryptsy will add XMR soon and some people know about it, so they're not dumping just yet.

Also, now that I'm quoting you, i must say this : it's beyond me how you are not yet banned from this thread : every time you post, you add nothing but noise.
full member
Activity: 211
Merit: 100
July 27, 2014, 09:18:54 AM
Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.

With daily volume of hundreds of btc, the verbal pumping of couple of guys is not meaningful. You have to put a sizable amount of btc on the ask side to move it up. And if i remember correctly, the bagholder rpietila was even talking monero down expecting it to fall short term.
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