[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1556.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: pönde on August 15, 2014, 06:10:32 AM

Bitcoin has been running now for more than five years, it has 45 000 000 transactions and the blockchain size is now 20GB. Monero just four moths, has about 170 000 transations and has blockchain sized of almost 1GB.

Something must be done. Or we will have a problem.

We will solve this, or it will be a non-issue, before the blockchain reaches 20gb.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: pönde on August 15, 2014, 06:10:32 AM

Monero just four moths, has about 170 000 transations and has blockchain sized of almost 1GB.

Most of that comes from a brief period when pools were generating a huge number of huge transactions to do tiny payouts. At the present time the rate of growth is about 5 MB per day or <2 GB per year. I would show a graph of this but monerochain is down right now.

pönde

full member

Activity: 308

Merit: 109

There are two threats for the kryptoworld.

1. De-decentralization
When the hardware has to be updated all the time to more powerfull, there will be mostly left those few who have money to invest in. That means less decentralization. The solution is I guess to keep some way or other, mining by low-cost low-prower hardware competitive. ASIC-resistance and PoS-principle could be some of the solutions.

2. Ever expanding blockchain
Loading a full blockchain will take more time. Storing-capasity is not free either. This will decrease the amount of full-nodes. Again less decentralization. The solution could be taking from the existing blockchain all addresses and coins inside them, and copying them to just created new genesis-block. Then lets start the system and forget the old blockchain. Are there any principle-level problem to do this? There are for sure some practical ones, but they can be solved.

Bitcoin has been running now for more than five years, it has 45 000 000 transactions and the blockchain size is now 20GB. Monero just four moths, has about 170 000 transations and has blockchain sized of almost 1GB.

Something must be done. Or we will have a problem.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Does it have to be a volcano? I dont think there are any in the UK

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Anon136 on August 14, 2014, 02:41:14 PM

Say there are 10 dollars in existence. Alice owns 2, bob owns 5, and charlie owns 3. If alice throws her 2 dollars in the volcano, than there are only 8 dollars left in existance. Those 8 dollars are now chasing all of the exact same goods and services in the real economy as the previous 10. That means they will buy 20% more things and are 20% more valuable. A given dollar, all things being equal, has been made 20% more valuable than it was before. Measured in the value of dollars previous to alice throwing her dollars in the volcano, he has become 1 dollar wealthier (5*0.2=1). Measured in the value of dollars previous to alice throwing her dollars in the volcano charlie has become $0.6 wealthier.

Of course the actual numbers are $1.25 and $0.75 wealthier (for the numbers to add up to $10). Otherwise your example would prove his point and not yours Wink

kbm

member

Activity: 84

Merit: 10

Quote from: nioc on August 14, 2014, 08:32:25 PM

Quote from: kbm on August 14, 2014, 08:19:31 PM

Hey is anyone else using bitcoinwisdom to check out the charts for the price data? I can't get information from before July from them looking at the poloniex chart .. but the coin has information on poloniex dating all the way back to May 19, when it was listed. I'm just wondering if I'm using the site wrong, or if this information's missing from the site?

It's not you it's bitcoinwisdom. They are using the data from when they started tracking XMR and didn't put in historical data. I believe that's the way they do it with all alts.

Well that's not terribly useful of them, with half of the coins life missing from the picture. Thanks for letting me know. I think I'll ask if they can do anything about it.

Mumbles

newbie

Activity: 50

Merit: 0

Wow. You and I have very different standards of what good customer service turn around times are. More than a day is terrible IMO.

Quote from: TheKoziTwo on August 14, 2014, 07:46:47 AM

To be fair, you didn't follow the instructions and sent without payment id. I don't think a week is unreasonable time to wait for a claim on funds.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: Anon136 on August 14, 2014, 07:08:12 PM

Say there are 10 dollars in existence.

There are 10 dollars in existence.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: kbm on August 14, 2014, 08:19:31 PM

Hey is anyone else using bitcoinwisdom to check out the charts for the price data? I can't get information from before July from them looking at the poloniex chart .. but the coin has information on poloniex dating all the way back to May 19, when it was listed. I'm just wondering if I'm using the site wrong, or if this information's missing from the site?

It's not you it's bitcoinwisdom. They are using the data from when they started tracking XMR and didn't put in historical data. I believe that's the way they do it with all alts.

kbm

member

Activity: 84

Merit: 10

Hey is anyone else using bitcoinwisdom to check out the charts for the price data? I can't get information from before July from them looking at the poloniex chart .. but the coin has information on poloniex dating all the way back to May 19, when it was listed. I'm just wondering if I'm using the site wrong, or if this information's missing from the site?

Quanttek

member

Activity: 93

Merit: 10

Quote from: David Latapie on August 14, 2014, 07:11:31 PM

Quote from: ?? on ??

Welcome to the new monero mining pool, the first pool with IP filtration http://moneropool-ip.com

Pool announcements are forbidden by new bitcointalk.org rules.

You can post on #monero-pools but not here anymore.

Also, for something completely different:
I created #monero-fr. This is intented for French-speaking users who have a hard time writing or even reading the English IRC chans. This is not meant to divide the community so if you read and write English well enough to participate on the usual IRC channels, please continue to do so (you can also come to -fr, but this is complementary, not as a replacement).

I encourage other non-native English speakers to create a channel for their language too, with the same caveat as for FR.

Adding to that, I created #monero-ger for all persons capable of speaking german. As David already mentioned, please stay active in #monero, but if you want to talk about germany-specific topics or just want to use your native language, hit it!

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: ?? on ??

Welcome to the new monero mining pool, the first pool with IP filtration http://moneropool-ip.com

Pool announcements are forbidden by new bitcointalk.org rules.

You can post on #monero-pools but not here anymore.

Also, for something completely different:
I created #monero-fr. This is intented for French-speaking users who have a hard time writing or even reading the English IRC chans. This is not meant to divide the community so if you read and write English well enough to participate on the usual IRC channels, please continue to do so (you can also come to -fr, but this is complementary, not as a replacement).

I encourage other non-native English speakers to create a channel for their language too, with the same caveat as for FR.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: aminorex on August 14, 2014, 02:57:03 PM

Quote from: Anon136 on August 14, 2014, 02:41:14 PM

So its just do you want to donate to adam specifically, or to everyone who owns bitcoin?

Ummmm... No. Was it a trick question?

Say there are 10 dollars in existence. Alice owns 2, bob owns 5, and charlie owns 3. If alice throws her 2 dollars in the volcano, than there are only 8 dollars left in existance. Those 8 dollars are now chasing all of the exact same goods and services in the real economy as the previous 10. That means they will buy 20% more things and are 20% more valuable. A given dollar, all things being equal, has been made 20% more valuable than it was before. Measured in the value of dollars previous to alice throwing her dollars in the volcano, he has become 1 dollar wealthier (5*0.2=1). Measured in the value of dollars previous to alice throwing her dollars in the volcano charlie has become $0.6 wealthier.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: Anon136 on August 14, 2014, 02:41:14 PM

So its just do you want to donate to adam specifically, or to everyone who owns bitcoin?

Ummmm... No. Was it a trick question?

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: Jungian on August 14, 2014, 02:11:26 PM

Quote from: ?? on ??

Reasons to not become stupidly inflationary: http://www.cryptocoinsnews.com/news/dogecoin-community-burning-currency-dogeparty/2014/08/14
I'm lmaoing all these months doge tried to fight basic economic laws, a warn to the any future coin.
whats next? doge sacrifices? Cheesy

Proof of burn is not really a new concept. Some quite like it. Adam Lavine proposed to use a "proof of donation" instead, to get the same result but avoid waste of resources.

This is a fundamental misunderstanding of economics on adams part. Burn is no more wasting than donations, its only a question of who the bitcoins are being donated to. By burning the bitcoins you are donating the value that they represent to every holder of bitcoin in proportion to his relative holdings. Its the opposite of money printing which steals value in proportion to peoples relative holdings. So its just do you want to donate to adam specifically, or to everyone who owns bitcoin?

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: ?? on ??

Reasons to not become stupidly inflationary: http://www.cryptocoinsnews.com/news/dogecoin-community-burning-currency-dogeparty/2014/08/14
I'm lmaoing all these months doge tried to fight basic economic laws, a warn to the any future coin.
whats next? doge sacrifices? Cheesy

Proof of burn is not really a new concept. Some quite like it. Adam Lavine proposed to use a "proof of donation" instead, to get the same result but avoid waste of resources.

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: ?? on ??

-snip-

Please don't advertise your pool in this thread, this is no longer allowed: https://bitcointalksearch.org/topic/advertising-spam-is-not-allowed-718124

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: ?? on ??

Welcome to the new monero mining pool, the first pool with IP filtration http://moneropool-ip.com

Our pool have an unique IP filtration system for best DDoS protection!
Just enter static IP address of your mining PC and press "Add my IP" to start mining.

DDoS network attacks protection is based on the usage of a series of filters that are connected to the Internet channel with a sufficiently large bandwidth.
These filters grant access only for IP in exceptions list.
In order to proceed minig on our pool you have to know what type of Ip-address do you have - static or dynamic.
If it's static then you just enter IP address of your mining PC and press "Add my IP" to start mining.
If it's not - then you must get the service through your ISP.
At the end you must configure your mining app (see Getting Started) to our pool.
Forum

Due to opening our pool we announce an action:
everybody who has connected to pool with hashrate 5kh - bonus 1xmr
with hashrate 10kh - bonus 2xmr
with hashrate 15kh - bonus 3xmr
and so on.
If you provide minig with that hashrate about 24 hours i'll transfer you promised fee. Just write me a wallet number!

There is a Monero mining thread for these posts.

https://bitcointalksearch.org/topic/xmr-monero-mining-653467

5-15kh, really? I would be solo mining. What is a good CPU like 250 H/s?

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: darkota on August 14, 2014, 12:15:38 PM

Bitcoin looks like it might go down past $500.

It already did. I see strong support in the 440-460 range.

darkota

hero member

Activity: 770

Merit: 500

Bitcoin looks like it might go down past $500.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1556. (Read 4670972 times)