Topic: rpietila Altcoin Observer - page 226. (Read 387556 times)

well we are all bagholders aren't we? - I bought BBR as well as XMR preexchange and bought both projects when they went on exchange. BBR has a smaller community, but a brilliant developer, if there is place for a second ring signature project it will probably be BBR. it is not exactly a clone.

I think parity is reasonable - it lets BBR have around 1/4 of xmr market cap.

I wouldn't be so sure about that.

Boolberry: 1464 days (~4 years)      6.373539000000 block reward     63% total emission percent 11701616.548800000000

Monero: 80% of the coins are mined within 4 years

Short term emission, BBR has a less steep curve .. but 17% difference after 4 years is not so large that I'd let it turn me away for long term holding of XMR. I mean maybe if I were considering short term holdings on both then I can sympathize with you somewhat, but I'm considering this more of a long-term kind of thing.

What's the sentiment on BBR here? I know many in this thread hold XMR, but unbiased opinions would be appreciated. Seems to be have been in the shadows somewhat but gaining some traction recently.

Based on supply alone (400+% less than XMR) it would seem undervalued, no? The BBR emission curve seems preferable to XMR, in terms of the buy support that would need to come in to offset newly minted coins being dumped on market

True.


False. At that price, MRO new mintage is worth BTC480 per day. If these don't find willing holders the price drops. Would be true in the following format:
"The marginal supply cost would reach 0.02 if that price were sustainable."

I have to agree, but I think the benefit is lost if you rotate btc->xmr after the correction hits.  XMR is the only coin in which I have enough confidence to employ it for portfolio effect.  I'm about 12:88 XMR:BTC in my crypto now, and the share is increasing with gradual  consistency, as my confidence increases (although mostly as a result of happy trading outcomes, rather than burning fiat -- I still tend to burn fiat for BTC, but gain XMR mostly by rotations now.  I burn a tiny bit but much, much less BTC for XMR than I burn USD for BTC).

This is false. Botnets are a finite resource and therefore a cost applies. Opportunity cost if nothing else.

If botnets could really mine for free they would be 99.9% of every single coin. Even ASIC coins would be taken over, since free beats high efficiency with cost.

I think he forgot to take into account that botnets mine for free.

how do you make these calculations? i'm just curious. if this is the case, XMR is a solid buy all the way up to 0.006

Yes, I believe it isnt possible to double-spend to invalidate transactions in the same way as bitcoin. However there are plenty of other risks associated with one pool having a large percent of the network hash, we have already seen DDoS attacks against the big mining pools. Currently none of the mining progs support pool failover, so it can take out a large amount of net hash.

Different angle to think about: I'm still collecting data on network usage for the bitmonerod, but I can see that there may be a need for "super nodes" in the future to support a stable network for XMR users, and the only ones with much incentive to run a supernode would be the pools. Therefore ideally the network needs to support multiple pools to make that practical, centralising all the hash on 2-3 pools will shut down the others eventually.

I've been doing some research into it, apparently one difference is that a 51% attacker cannot double spend.

More research is needed.

Maybe I am missing something here but seemingly large amounts of paranoids are screaming about the near 51% mining of a single pool in the bitcoin world,  why do I not hear similar now that moneropool is running at 57% of the network?

Is the PoW scheme fundamentally different to BTC (obviously not algo)?

I'm expecting the opposite of damiano, a pump and price stability actually.

seems like a good place to be if a btc correction occures no?

sure, value could go below production costs, but if so, i think it will only happen for a short period of time

When this hits mintpal I am expecting a mega pump/dump.  Monero rose way to quickly on the voting list and it concerns me.

XMR is experiencing the hash-rate feedback loop right now.  Stability at 0.002 failed because miners stopped selling.  Price rose so mining interest rose.  Assuming 0.004533 USD/minute for an EC2 C3.8xlarge instance which does 610 hps, 7% orphan rate, 440M difficulty, 16.2 XMR block reward, I see the marginal supply cost of XMR as 0.006, presently, which we are approaching rapidly.   0.02 would be sustainable if the marginal supply cost reached 0.02.

EDIT: Actually, I think the price rose a bit too quickly to be terribly stable:  There was no time for the weakly held mined coins which became profitable to sell at intervening prices to reach the market.  That means there's a possible supply back-log, so I would not be surprised by a retracement to the 004s, but I don't think it can last long unless difficulty were to collapse.

Block time isn't as important to bloat, but rather the number of tx going on in the network and the number of outputs/inputs they have. The biggest issue right now is that the default node.js pool code creates very large amounts of bloats, likely bloating the blockchain 20 fold. We're working on patching the payment system for the pool now.

0.02 is unsustainable this year.

It is started by me, so everybody assumes that it is just normal, if not intended. Notice also the lack of pics and color.

I was thinking about this whole Crypto space before. We here are all fairly to extremely familiar with Cryptos. We can see  where this is going, at least beyond most peoples event horizon (as this isn't even on their radar yet.) Most people just see the money aspect, but I'm sure most of us here see the far reaching consequences of this space. When the Crypto field REALLY starts to take off, the prices are going to shock people. Further, the 2.0 Cryptos might be the next BTC like wave, price wise anyway. I really feel that many smaller Cryptos now (those that succeed) will have Market Caps in the billions. I'm not saying that is justified, just that the money is going to flood the space, just like the internet bubble. Some Cryptos might find niches or even countries to be used in and I get the feeling there will be lots used, though just a handful of medium tier ones and perhaps less than a handful of core coins.

I just think this space is still getting started, and XMR right now might be like BTC was 4 years ago - Most didn't see the value. I hope it can hang on as their are so many coming out and it is turning intoa  bit of a marketing gimmick e.g. - See Doge. I bet those S-Curve diagrams will come into play, across the board.

I get the feeling that Cryptos are going to make the internet boom seem small in comparison (and I was in that boom). Redefining money seems to be happening all of a sudden, where as controlling information has been getting harder and harder, dating back to the printing press. At this point the internet is like electricity was to electronics, sort of a necessity. And they Cryptos are like the electronics.

Yes, it is still building out, but I think/feel we are onto another layer here, a layer that starts with money, but that blockchain is going to shock people, something fierce.

Its about sharing

Monero needs higher block time, at least 2 minutes like the regular Bytecoin.  It's an already unscalable coin with high storage requirements where pruning won't work.  Why make the problem worse with 1 minute blocks?  Instead of forking to fix this problem while you still can, the can is being kicked down the road to be ignored until it can't be changed.

Also, this thread is severely lacking in free lunches.  I made a call on XC that you would have more than doubled your money in a short time span buying it weeks ago in the thread.