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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1313. (Read 4670643 times)

legendary
Activity: 1372
Merit: 1000
Why is the XMR emission curve so much steeper than with other PoW coins?  Is there a benefit to flattening out sooner?

Bit of a sore point that one, the emission curve is something we got stuck with from the original incarnation of Bitmonero, which had an autocratic solo dev who knew best.... It was then forked by the current team and so you can tell what the people preferred, but the emission curve stayed.

Really nice to have that info, thank you.  How big of a problem does this pose to an investor?

Pretty significant to be honest. Monero will have 18.4 million total/max coins. 14.72 million (80%) will be mined in the first 4 years. Currently, we're at 4.2 million in circulation.

The first 4 years, has heavy inflation. This gives investors an incentive to buy in at the end of that timeframe. And 4 years in crypto is a long time, with a significant chance that something better will come into the market.

I can imagine that XMR must become very popular as an investment or as a store of value (short or long term) in order to counteract that degree of inflation.
legendary
Activity: 1321
Merit: 1007
Why is the XMR emission curve so much steeper than with other PoW coins?  Is there a benefit to flattening out sooner?

Bit of a sore point that one, the emission curve is something we got stuck with from the original incarnation of Bitmonero, which had an autocratic solo dev who knew best.... It was then forked by the current team and so you can tell what the people preferred, but the emission curve stayed.

Really nice to have that info, thank you.  How big of a problem does this pose to an investor?

Pretty significant to be honest. Monero will have 18.4 million total/max coins. 14.72 million (80%) will be mined in the first 4 years. Currently, we're at 4.2 million in circulation.

The first 4 years, has heavy inflation. This gives investors an incentive to buy in at the end of that timeframe. And 4 years in crypto is a long time, with a significant chance that something better will come into the market.
legendary
Activity: 1372
Merit: 1000
Why is the XMR emission curve so much steeper than with other PoW coins?  Is there a benefit to flattening out sooner?

Bit of a sore point that one, the emission curve is something we got stuck with from the original incarnation of Bitmonero, which had an autocratic solo dev who knew best.... It was then forked by the current team and so you can tell what the people preferred, but the emission curve stayed.

Really nice to have that info, thank you.  How big of a problem does this pose to an investor?
sr. member
Activity: 252
Merit: 250
Great analysis there.

Why is the XMR emission curve so much steeper than with other PoW coins?  Is there a benefit to flattening out sooner?

Bit of a sore point that one, the emission curve is something we got stuck with from the original incarnation of Bitmonero, which had an autocratic solo dev who knew best.... It was then forked by the current team and so you can tell what the people preferred, but the emission curve stayed.
sr. member
Activity: 252
Merit: 250
If I recall correctly, Aminorex originally gave a very similar assessment of the "anonymous/private" coin competition 2-3 months ago, and in that time nothing has changed.The Bitcoin based alternatives are struggling to come up with a solution they can announce to great fanfare because they know if its not at least as good as Monero/Cryptonote based coins then they will shoot themselves in the foot. Unfortunately whilst this is a major public relations bonus for XMR we still can't maximise that benefit because the technology isnt ready.

Anyone who has invested in Monero at this stage should have been well aware that its still a "beta" technology - one of the seemingly few honest dev teams that admits the pros and cons whilst not giving in to the pressure to hype up the price in the short term with marketing stunts. Hopefully that will reflect well on XMR in the long term.
legendary
Activity: 1372
Merit: 1000
fungibility is also a serious issue.

Why is that?


If you live in a corrupt state where the state is confiscating without serious reasoning maybe the citizens should get the possibility for something which is not that easy to link or to confiscate.

Doesn't that mean XMR is under much more regulatory danger than BTC?
legendary
Activity: 1372
Merit: 1000
Great analysis there.

Why is the XMR emission curve so much steeper than with other PoW coins?  Is there a benefit to flattening out sooner?
legendary
Activity: 2268
Merit: 1141
EXCELLENT points guys!  My faith in the concept of a non-transparent blockchain is restored.  But will Monero be the One?  It sounds like ZeroCash has a lot of people very interested but it hasn't been released yet.  Is Boolberry the next best thing in CryptoNote?  What does BBR have going for it that XMR doesn't?

Quoting eizh on reddit for the comparison between BBR and XMR

the winner will be taken once zerocash is out - anc failed so miserably that I think it is dead.

I think we will see the classical situation of two networks competing - the dominant ledger from the cryptonote implementations which is by no question monero and the dominat zerocash implementation.

from a game-theoretic point odds for monero are not that bad, it will strongly depend how zerocash is distributed.

zerocash has data size and compute time issues which make it unsuitable for many uses cases of xmr.  
it also has the trusted mint problem, last i heard.
for those reasons i doubt that it can attain sufficient liquidity to displace monero as the dominant provider of dark liquidity.



If the anon fad is over, then hype will have less impact on price.  Technical merit and community effort will play a larger role in determining the outcome.  Lows are always the best time to invest.  If the froth is gone, volatility declines and appreciation is more reliable.  The end of the bubble is always good for the high-quality enterprises.  Their fly-by-night competition is weeded out by the depressive lows.  Fewer fools throwing money around means less malinvestment.  I.e. investment goes to the most fit.  Because monero is the most fit, monero will benefit.

Let us recap the situation and the contenders:

ANC - Zerocoin has serious UX problems due to high computational complexity and data-intensive operation.  Also, it is moon math, and only time and extensive review within the cryptographic community will lend confidence.  A promising crypto in the zygote stage.
DRK - Snake oil, plus instamine, plus ponzi, large entrepreneurial community, late-term fetal development stage.
XMR - High-quality well-tested crypto, large development and entrepreneurial community, mid-term fetal development stage.

Nothing else has enough promise*liquidity to be a contender.  Of the three, XMR and ANC are respectable.  XMR is substantially ahead of ANC in terms of technical development, mind-share and liquidity.  DRK is substantially ahead of XMR in those terms, but it is technically unfit for most legitimate purposes.

Unfortunately I can't elaborate more on aminorex' opinions. Maybe some other member could do that.
legendary
Activity: 1372
Merit: 1000
EXCELLENT points guys!  My faith in the concept of a non-transparent blockchain is restored.  But will Monero be the One?  It sounds like ZeroCash has a lot of people very interested but it hasn't been released yet.  Is Boolberry the next best thing in CryptoNote?  What does BBR have going for it that XMR doesn't?
legendary
Activity: 1092
Merit: 1000
I'm a Firestarter!
Price: 0.0017
Never forget  Tongue
sr. member
Activity: 280
Merit: 250
I live in the western world in one of the most sophisticated democracies with very high standards regarding rule of law etc. - we probably never need btc or xmr.

Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required
http://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-accounts-on-suspicion-no-crime-required.html

Yes, and never forget Executive Order 6102. ;-)
sr. member
Activity: 336
Merit: 250
I live in the western world in one of the most sophisticated democracies with very high standards regarding rule of law etc. - we probably never need btc or xmr.

Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required
http://www.nytimes.com/2014/10/26/us/law-lets-irs-seize-accounts-on-suspicion-no-crime-required.html
member
Activity: 91
Merit: 10
If I may play devil's advocate for a moment....
Why should anyone besides criminals care about a non-transparent blockchain?  I can imagine that a big holder wouldn't want their big holdings potentially traced back to them whenever they send coins.  Any other (practical, non-philosophical) reason?

It's been debated a lot already.
Without privacy there is no democracy nor freedom. Simple as that.

All the people claiming that they have nothing to hide are ALL LYING.
Hundred of experiments have proven that people behave submissively and are much more easy to control when feeling being watched.

Start with this :
http://en.wikipedia.org/wiki/Nineteen_Eighty-Four



people who think that privacy doesn't matter are misinformed/ignorant and don't fully understand the whole spectrum of the issue.
"I've got nothing to hide" is a dangerous mantra that contradicts itself as people who use it are still walking with their clothes on and use doors in their house, keys etc.. Privacy is the very essence of capitalism!


Privacy is the very essence of individualism.

On a side note, XMR has a great community, keep faith in this coin and in the devs' awsome work.
full member
Activity: 198
Merit: 100
It's just price discovery. Earn your place in the crypto world with hard results and price will eventually rebound.

Never got so many totally cheap Monero coins in my life! My thanks go to Mr. Burns dumping all his coins because he's too old to understand Cheesy


legendary
Activity: 3108
Merit: 1531
yes
It's just price discovery. Earn your place in the crypto world with hard results and price will eventually rebound.
legendary
Activity: 2968
Merit: 1198
it's worth taking into account that all of the alts that are privacy centered have taken a massive beating lately (dark, bbr, btcd, etc).

(Almost) all the alts that aren't privacy centered have been taking a massive beating lately too, and Bitcoin too.

Crypto bear market.


That pretty much sums it up.  If you look at other coin threads you'll see the same talk about price.  However, this latest decline in XMR price has been pretty substantial compared to other coins.

Compared to some yes. But over the past 30 days BTCD is down more, DRK is down less, so I don't think you can really attribute it to privacy-centered vs. others. Our ranking on coinmarket cap has slipped a bit (down to #14 now) but 11-20 are all pretty close in value, and the entire group has dropped about as much as we have (though the composition of the group has changed a little).

Nothing remarkable about the XMR price drop really, given the rest of the market. That's not to say I'm happy about it, but being realistic.

legendary
Activity: 1120
Merit: 1000
I feel major WAR today.... after Monero Monday Missive!
legendary
Activity: 896
Merit: 1001
it's worth taking into account that all of the alts that are privacy centered have taken a massive beating lately (dark, bbr, btcd, etc).

(Almost) all the alts that aren't privacy centered have been taking a massive beating lately too, and Bitcoin too.

Crypto bear market.


That pretty much sums it up.  If you look at other coin threads you'll see the same talk about price.  However, this latest decline in XMR price has been pretty substantial compared to other coins.  There is a significant amount of buy support, 364 btc on Poloniex but XMR will need to go down further to reach it.  

If you look at most coins none of them are anywhere near their all time highs.  Monero's chart is similar to other coins that steadily declined from their peak.  There was too much hype surrounding Monero and cryptonote coins in general.  The price was artificially inflated and driven up by many not wanting to miss out.  


 
hero member
Activity: 649
Merit: 500
If I may play devil's advocate for a moment....

Why should anyone besides criminals care about a non-transparent blockchain?  I can imagine that a big holder wouldn't want their big holdings potentially traced back to them whenever they send coins.  Any other (practical, non-philosophical) reason?

Please post your bank and credit card statements.


I was going to say that my life is none of your business. But this drives the point home even better. Touché!
legendary
Activity: 1762
Merit: 1011
If I may play devil's advocate for a moment....

Why should anyone besides criminals care about a non-transparent blockchain?  I can imagine that a big holder wouldn't want their big holdings potentially traced back to them whenever they send coins.  Any other (practical, non-philosophical) reason?

Please post your bank and credit card statements.



Exactly. Btw, conversations on this topic are great, and need to somehow be more emphasized to the average person, regarding why they might want to use Monero over (or alongside) Bitcoin.
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