Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1247. (Read 4671575 times)

I suppose I was looking at things from the wrong perspective.  Hiring a qualified full time developer is one thing.  Hiring a good developer for project/freelance work is entirely different as they may or not continue to be available in the future in which case you would need to go through the process all over again.  Which is apparently what you're having to do.

There is a sort of impossible triangle between decentralization, mining incentive, and zero inflation.

If you have decentralization and zero inflation you likely don't have a mining incentive because competition will drive transaction fees down to their marginal cost.

Therefore we feel that zero inflation (from mining) must go and a low rate of inflation is acceptable. Also, in practice there will inevitably be some lost coins so actual inflation will be even lower and may be zero or even negative (if lost coins are more than the mining inflation), but even in this case you still have mining incentives as long as there is minting.

We are serious about decentralization and that will remain a central focus of the project along with privacy. It is also critical to privacy because otherwise miners can be in a position to start imposing requirements (such as identification) on transactions.

It has its advantages.  What is the alternative?  Like Erdös, I find amphetamine sufficient to keep the mind nimble.

Interesting reads.
Inflation is a interesting subject. The question is if tail emissions hurt the value of the coin or not.
I don't like inflationary coins. But Monero is obviously not some shitcoin like DOGE.
I mean at least there seems to be some thought put in to the decision to have tail emission.

Care to elaborate why you think tail emission is necessary? Is it the fear of hash power decreasing if the reward for miners drops?

That should work.


I've watched Noble go through 3 or 4 of them trying to do a POS change without changing Chains and all have failed. so I don't think it's that easy to find a good one. And from what I've seen here you guys have a great crew! I truly enjoy reading all of your posts.

1. I have no idea why you think it isn't hard to find good developers. Apart from this project I can tell you that they are not easy to find and almost none are looking for work (some are always looking for better work though, but see #2 below).

2. The biggest issue with developers won't be solved by a little bit of funding here or there. People looking for a full time job are not candidates unless we have a whole lot more funding, because we are light years away from having the sort of ongoing budget that would be needed to hire people in that manner. When hiring people looking for project/freelance work, some work out, some don't (and even the ones who do work out require a lot of involvement with the core team) and it is hard to keep continuity because they have other clients and other potential projects come along.

This coin needs to grow, a lot, before it makes sense for the project to be hiring full time people (which would only come with large sponsorship that could only come with growth) or for Monero-related businesses pay people to work on the core technology (as they do for bitcoin).

So build software and services, spread the word, and hopefully something significant can begin to take hold. Otherwise we are just fooling ourselves here. Let's face it, a coin -- no matter how good -- doesn't do anything by itself, it can only be useful for doing other things.

Retweeted

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We do.
To find a dev is easy. To find a reliable dev for this work is not. But we keep trying. Hard

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I stand corrected.  I thought funding was an issue as it's been brought up before.  

So you're looking for a good developer and you have a way to compensate them if they are found?

It shouldn't be that hard to find a developer looking for work.  
  

Ahh, Lol

To an outsider looking in that part of the thread looks like an accusation is unanswered. I don't have write permission there so maybe you want to drop this link as a answer to his request?

https://bitcointalksearch.org/topic/m.9752751

From what I've read there as a whole I'd say he is a good supporter of this coin. That article is a great read. Wish I was younger and could soak this stuff up like I used to. Getting old blows.

No, the general writing style, I recognized my writing style and then realised I forgot to properly fill my profile And, yes, I often mispell "developer", I did not even notice it, I4ll fix this, thanks.

It is mined like BTC. It is also limited to 18M compared to Bitcoin's 21M

Regarding infinite minting: this is both yes and no and is detailled in the OP
no, because the "regular emission" is 18.4 millions, so close to Bitcoin
yes, because we may implement a "tail emission", which is not present in Bitcoin. This tail emission would very small but also infinite. The point of this tail emission would be to provide an alternative to Satoshi's decision that "after BTC is fully mined, transaction fees will suffice to encourage continuous mining", something on which we disagree - hence tail emission.

Regarding "facts about the coin", I suggest you start by reading this:

• https://cryptonote.org/whitepaper.pdf
• http://monero.cc/downloads/whitepaper_review.pdf
• http://lab.monero.cc
• https://bitcointalksearch.org/topic/xmr-monero-community-faq-721045 and particularly https://bitcointalksearch.org/topic/xmr-monero-community-faq-721045.msg8477489#msg8477489
• http://www.reddit.com/r/CryptoCurrency/comments/2nu9rg/darkcoin_anoncoin_shadowcash_monero/cmh5ekr
• And finally to get an idea of the present state, you can read our Monday Monero Missives on the ANN: https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449

I would advise to read the links posted here above and why monero matters in this post: https://bitcointalksearch.org/topic/m.8477489 (this thread also provides a FAQ)

Inflation can be found here: https://bitcointalksearch.org/topic/m.8106443
As stated in the OP about the amount of coins: [2] Actual number of atomic units is M = 264 - 1. A minimum subsidy may be implemented in the future with <1% inflation to preserve mining incentives. (https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449). Important IRC channels are in the OP as well.

If you need any more info feel free to ask (via PM is no problem as well). I hope some other members can add some important links.

They put the white paper back after modifying it some more.

I'm confused? You mean the misspelled "developper". I'm obviously missing some thing here. Do you mean that post was an attempt to troll? And that is why no-one ever answered this
?

I'm not that in to Monero. Can anyone link to facts about the coin?
I have tried to google info about inflation but haven't found anything.

Is Monero "limited" like BTC, or does it have infinite "minting" of new coins?

As we (and fluffypony in particular), stated it, the issue is not funding (not now), but finding good enough developper and them familiarizing themselves with the code. More money won't make things evolve faster, at least for the coin.

Same thing for "code review, cryptography review": code review is being done as we speak, and cryptography review also - we exchange with our academic cryptographer on a litterally daily basis.

I did not know Lighthouse, seems interesting

sr: "stop trading, baby" ;-)

...temporally.
The inflation doesn't last forever.

I knew this writing style sounded familiar

the first 2 years will be so  

edit:
I'm a huge loss already made me funny