[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1363.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: TooDumbForBitcoin on October 04, 2014, 12:49:03 PM

Saw this today in the BBR thread

Quote

Sorry if it looks shady.

If the question was about CN developers, then yes, we do.
Whatever value we get in each 720s block we pay 10% of this to CN founders.

Zoidberg

Question for the XMR developers: Do CN founders receive, by contract or automation, any proceeds from XMR mining that they (CN founders) don't mine themselves?

No.

We don't even have any idea who the Cryptonote founders are, but there is so much scam surrounding the whole Cryptonote story that I would likely resign the project if we started giving them anything.

Hope that is clear.

TooDumbForBitcoin

legendary

Activity: 1638

Merit: 1001

Saw this today in the BBR thread

Quote

Sorry if it looks shady.

If the question was about CN developers, then yes, we do.
Whatever value we get in each 720s block we pay 10% of this to CN founders.

Zoidberg

Question for the XMR developers: Do CN founders receive, by contract or automation, any proceeds from XMR mining that they (CN founders) don't mine themselves?

Apologies if this has been recently addressed.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Febo on October 04, 2014, 09:03:15 AM

Quote from: BitcoinDN.com on October 04, 2014, 02:00:45 AM

I'm curious as to how the original bitcoin devs got funding in their early days. How were they able to perform such an amazing service to the world by maintaining such bad original code, and steering the ship among many of the early catastrophes? Perhaps angel investors gave them hundreds of thousands of dollars.

They mined huge amount of BTC, before other people know about it.

At the time, there was absolutely no assurance it would ever be worth anything, and indeed it took years to be worth anything. Without the benefit of hindsight we can't even really say that the effort and electricity they put into mining was even a good investment.

They mined it because it was easy and they believed it might someday be worth something, but it certainly wasn't a direct funding method for the project.

Quote

This was not only the case with bitcoin but with 90% of other coins or better 99%. If you own 30% of coins you know you basically work for yourself. if you own 1% coins, you mainly work for others. And not just work. but also pay bills for them.

I consider most of those to be very, very different because market and value (at least some value, even if the amount might be unknown in advance) for such coins had already been established. In the case of Bitcoin it was a complete leap of faith.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: oda.krell on October 04, 2014, 08:31:23 AM

Question for the devs:

What are complications to implement a lightweight client, similar to, say, Electrum, for Monero? Possible / impossible / difficult but possible?

In my experience, one of the easiest ways to get people involved in Bitcoin is getting them set up with Electrum: They avoid the hassle of running the full client, but they are in absolute control of their private keys (as opposed to web based wallets services.)

If I could submit only one missive after "official GUI client", it would be that: Electrum (or similar) for Monero.

Difficult but possible. We are thinking about ways of doing this (besides the obvious hand-your-viewkey-to-a-server), so it is on the cards:)

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: BitcoinDN.com on October 04, 2014, 02:00:45 AM

I'm curious as to how the original bitcoin devs got funding in their early days. How were they able to perform such an amazing service to the world by maintaining such bad original code, and steering the ship among many of the early catastrophes? Perhaps angel investors gave them hundreds of thousands of dollars.

They mined huge amount of BTC, before other people know about it. This was not only the case with bitcoin but with 90% of other coins or better 99%. If you own 30% of coins you know you basically work for yourself. if you own 1% coins, you mainly work for others. And not just work. but also pay bills for them.

@novag
Monero price is always low at beginning of month. in 2 weeks time will go up again. unless dramaquen team will bring another soap opera.

oda.krell

legendary

Activity: 1470

Merit: 1007

Question for the devs:

What are complications to implement a lightweight client, similar to, say, Electrum, for Monero? Possible / impossible / difficult but possible?

In my experience, one of the easiest ways to get people involved in Bitcoin is getting them set up with Electrum: They avoid the hassle of running the full client, but they are in absolute control of their private keys (as opposed to web based wallets services.)

If I could submit only one missive after "official GUI client", it would be that: Electrum (or similar) for Monero.

e-coinomist

legendary

Activity: 2380

Merit: 1085

Money often costs too much.

Quote from: Oscilson on October 04, 2014, 07:42:05 AM

Quote from: bigj on October 04, 2014, 07:39:08 AM

Quote from: Oscilson on October 04, 2014, 07:15:23 AM

The volume from exchanges charging 0% transaction fee does not count.

Why do you think so? Don't they have an impact on the price like all the other exchanges?

Some (maybe most) trades are done by the exchange itself to bloat the volume.

Some (maybe most) trades are done by the exchange itself to bloat the volume AND it doesn't matter if they pay fees for doing so ... to themselfes! Here's the part with the logic, you missed that one out.

So if >xy% of all trades are done in country Z, that means that most of the trade happens there, not elsewhere. I think they have that ASIC mining monopoly, too.

bigj

full member

Activity: 198

Merit: 100

Quote from: Oscilson on October 04, 2014, 07:42:05 AM

Quote from: bigj on October 04, 2014, 07:39:08 AM

Quote from: Oscilson on October 04, 2014, 07:15:23 AM

Quote from: bigj on October 04, 2014, 05:15:33 AM

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

The volume from exchanges charging 0% transaction fee does not count.

Why do you think so? Don't they have an impact on the price like all the other exchanges?

Some (maybe most) trades are done by the exchange itself to bloat the volume.

That would still affect the price, no?

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: bigj on October 04, 2014, 07:39:08 AM

Quote from: Oscilson on October 04, 2014, 07:15:23 AM

Quote from: bigj on October 04, 2014, 05:15:33 AM

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

The volume from exchanges charging 0% transaction fee does not count.

Why do you think so? Don't they have an impact on the price like all the other exchanges?

Some (maybe most) trades are done by the exchange itself to bloat the volume.

bigj

full member

Activity: 198

Merit: 100

Quote from: Oscilson on October 04, 2014, 07:15:23 AM

Quote from: bigj on October 04, 2014, 05:15:33 AM

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

The volume from exchanges charging 0% transaction fee does not count.

Why do you think so? Don't they have an impact on the price like all the other exchanges?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: binaryFate on October 04, 2014, 06:02:25 AM

Quote from: Chicken76 on October 04, 2014, 05:20:20 AM

MoneroPool.com is fluctuating close to 50% of the total network hashrate (sometimes goes even above 50%).
Could the devs post here and in the unmoderated thread to urge miners to spread the hashrate around a bit? (It wouldn't hurt to mention cryptonotepool.org.uk as a pool donating 100% of fees to development, and also updated with the latest patch)
I know you have done this many times, but apparently it wasn't enough.

^ Important.

If you are mining on moneropool.com, please spread out to other pools. There is a list of pools here: https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449

If possible please allocate some of your hash to solo mining. One way to do that is to solo mine on your CPU while you pool mine on your GPUs. You will get steady payments from your pool mining with maximum contribution to the security of the network and sporadic but bigger rewards from your solo mining. Likewise, if you are running a wallet/node/client, please activate mining in the node using the start_mining command. Every bit of hash rate helps.

In all cases with pool mining please make sure you have backup pools configured, especially with smaller pools as backups, since DDoS against larger pools is always a serious threat to any coin.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: drawingthesun on October 04, 2014, 05:04:48 AM

It's been known from day one what Monero intends to be. A very good working anonymous CryptoCurrency.

This means secure, stable, having a GUI, being efficient. There is a long way to go.

However it does not mean becoming an apps platform (nxt, ethereum), it does not mean being a game (huc), it does not mean being some chat program (xc). It means being an anonymous CryptoCurrency.

What is it that you don't understand iCEBREAKER, or are you just being a lame troll once more?

In fact, do you ever have anything worthwhile to say on these forums?

That is a bit unfair. iCEBREAKER was asking about the short term project model. My answer, though a bit terse, was that we aren't constrained to a specific precedent, and will make our own model. At the moment I would say a combination of a hobby project, a sponsored project (with the individual core team members being significant sponsors) and a community-funded project through both individual donations and MEW membership fee-based donations.

Oscilson

sr. member

Activity: 434

Merit: 250

Quote from: bigj on October 04, 2014, 05:15:33 AM

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

The volume from exchanges charging 0% transaction fee does not count.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: drawingthesun on October 04, 2014, 05:04:48 AM

It's been known from day one what Monero intends to be. A very good working anonymous CryptoCurrency.

This means secure, stable, having a GUI, being efficient. There is a long way to go.

However it does not mean becoming an apps platform (nxt, ethereum), it does not mean being a game (huc), it does not mean being some chat program (xc). It means being an anonymous CryptoCurrency.

What is it that you don't understand iCEBREAKER, or are you just being a lame troll once more?

In fact, do you ever have anything worthwhile to say on these forums?

We know what Monero's goal is, my question was a request to clarify how we get there from here.

As to your last question...

I had something worthwhile to say, that you ignored, along the lines of "drawingthesun, you are an idiot for investing in an obvious scam like Active Virtual IntelliHash Mining."
You called me a lame troll back then too. How much did that mistake cost you?
I had something worthwhile to say, that you ignored, along the lines of "drawingthesun, you are an idiot for investing in an obvious scam like LabCoin."
You called me a lame troll back then too. How much did that mistake cost you?
I had something worthwhile to say, that you ignored, along the lines of "drawingthesun, you are an idiot for investing in an obvious scam like BTCgarden."
You called me a lame troll back then too. How much did that mistake cost you?

Grin

novag

hero member

Activity: 687

Merit: 500

novag

Monero RIP?

bigj

full member

Activity: 198

Merit: 100

Another day of CHEAP Monero at Poloniex :-)

added: Does anyone thinks this is related to the fact that the three biggest Chinese BTC exchanges currently produce 75% of the daily BTC trading volume? (They charge 0% transaction fee on BTC/CNY trades...)

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: iCEBREAKER on October 04, 2014, 04:19:48 AM

Quote from: smooth on October 04, 2014, 03:36:09 AM

Quote from: iCEBREAKER on October 04, 2014, 02:51:35 AM

Ancient history aside, what is Monero intended to be in the near future? Tongue

Monero.

{textbook sidestep}

It's been known from day one what Monero intends to be. A very good working anonymous CryptoCurrency.

This means secure, stable, having a GUI, being efficient. There is a long way to go.

However it does not mean becoming an apps platform (nxt, ethereum), it does not mean being a game (huc), it does not mean being some chat program (xc). It means being an anonymous CryptoCurrency.

What is it that you don't understand iCEBREAKER, or are you just being a lame troll once more?

In fact, do you ever have anything worthwhile to say on these forums?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: smooth on October 04, 2014, 03:36:09 AM

Quote from: iCEBREAKER on October 04, 2014, 02:51:35 AM

Ancient history aside, what is Monero intended to be in the near future? Tongue

Monero.

{textbook sidestep}

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: iCEBREAKER on October 04, 2014, 02:51:35 AM

Ancient history aside, what is Monero intended to be in the near future? Tongue

Monero.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Kuriso on October 04, 2014, 03:03:07 AM

"Blockchain size is ~2.3GB takes the minimum of that on RAM..."

I have tested on hardware with 1.5 GB of RAM and it did work, if a bit clunky. That was Linux, Windows would probably not do so well. A realistic configuration especially with Windows is probably 4 GB+ (not including other workload if you intend to run both the Monero node and other programs simultaneously).

Quote

None of my other wallets use this much. Is the heavy utilization of ram due to just the way the current wallet works or is it required for cryptonote coins to work right?

It is just a function of how the current wallet works, and is not required by the cryptonote design or protocol.

Some work has been done to allow for lower RAM usage, and that will continue. It isn't an enormously high priority because many people, especially the cryptocurrency enthusiasts who would be paying attention to Monero right now, likely have computers with 4+ GB of RAM (and for many using an exchange wallet aka web wallet is a reasonable substitute, although I certainly don't blame you for not wanting to do that). Mobile wallets for Monero don't exist yet at all so that is entirely a non-issue right now.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1363. (Read 4670630 times)