Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1680. (Read 4670972 times)

Some people mine to sell it after few years when will be worth to sell, some mine to sell now. And those will mine such coins, that bring them at this moment most profit. So if price is as it is they will stop mining and go mine other coin. Network hash rate lowered for like 10-15% in last few days. More miners that immediately dump will see better profit elsewhere and will leave mining Monero, less Moneros will be on sale on exchanges and will slowly push price higher. that will bring more miners, and it will circle like this forever. Well until something else dont happen. Like was listing XMR on Poloniex and on Mintpal. That makes people speculate what will happen.

Good question.

Devs do you confirm Payment IDs reduce anonymity of THE SENDER, someway?

To whoever praised the Payment ID as a better alternative than multiple receiving addresses:

Multiple receiving addresses keeps anonymity intact in the blockchain, and thus will always be superior to Pay IDs. Payment IDs defeat the purpose of ring signatures and open doors for future regulation (businesses being required by law to collect Payment IDs for every transaction, etc.).

This is why I've said in the past that transactions should force mixin levels greater than 0. Any "features" that reduce anonymity in the block chain can be used against us in the future.

Payment IDs should be treated as a temporary solution until wallets are capable of creating multiple receiving addresses. At that point they should be removed entirely to prevent future abuse.

I just offer you two new points of view:

1. Real world economics grows as e^t or t^n, where t being historical time. So it's derivative is roughly e^t or t^(n-1). Physical sense of this derivative is the supply per unit time. So real world economics supply per unit time is exponential or polynomial too.

Bitcoin & monero supply per unit time FADES DRAMMATICALLY as e^(-t) or t^(-n). Consider most 'dangerious' time intervals, dt << t, that exactly that intervals you are afraid of. One can see coin supply is roughly constant at such small time intervals. So overall coins volume is just t^1, t <-[t0, t0+dt].

What does all that mean? FORGET coin inflation completely, even on short-term future! It does not matter at all!

2. Instead of mining, consider how to introduce Monero to wider masses of people. Imagine, think about services around Monero, what can you deliver to people to be useful for them?

p.s.

Given that, you make Monero growing as e^t or t^n. It's much easier to achive, because Monero grows inside a population, no need for the whole polulation to grow! If you consider deeper, such a growing may actualy be explosive - that exactly what we observe with Bitcoin worth margin call exploded to 80000:1 since 2009 to 2014.

p.s.2. So I attract all the people to test rpcwallet, see welcome at Monero missive, Jul 6.

user needs to have privilege to allocate pagelocked memory, application must run with administrator privileges. Worked for me in my test application.

... so that's actually a good sign :-)

villabacho asdddddddddd
even without the 5% to the dev
the hashrate dont change

Certain types of mining become unprofitable at current prices.

What do you think about the difficulty drop? Is it because people now run Claymore's miner without the dev fee at a hashrate penalty?

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Still, it's had > 100 BTC daily trade volume on Poloniex most days (and has gone over 1000 BTC daily trade volume just on Poloniex on more than one occasion), so its in a reasonable position (generally in the top 10 cryptocurrencies by trade volume).

To an extent. I guess so far I haven't seen much of the value loss due to the new coins... there certainly isn't a ton of liquidity on the exchanges though. Anyone wanting to buy a substantial position (say 10+ btc) will move the price quite a bit. I know me building 2000 over the past day or so was a challenge.

Yea, the current block reward creates liquidity, the right way.

Very true, but then again, it also took nearly 2-3 years to actually gain value and traction. Wouldn't the counterargument be why build a position now when it will ultimately be eaten away by new coins on a daily basis? Why not re-evaluate in 2-3 years time when the majority of the coins have been mined?

Granted, numerous coins suffer from the effects of heavy inflation from daily coinage--take DOGE, LTC, VRT, etc. All have constant sell pressure from miners selling their stash. I realize not everyone sells, but there are plenty of examples showing how much value is loss from when these coins hit the exchanges.

That would immediately turn Monero into an instamined scamcoin, so no, not happening. Getting a large portion of coins out and into the hands of people is a good thing.

Sorry, that's not happening.
It's a similar curve to bitcoin.
Bitcoin was cheap early on. Now it's not.
Monero is for those that are more patient than the average altcoiner.

Has there been any discussion on revising the block reward to curb the immense inflation during the first 4 years?

Well, instead of that what we're doing is taking each of the common "error" messages, investigating why they occur, and then figuring out whether we need to handle it or whether it's a pseudo-error and can be discarded without notifying at all. Some of them are, for instance, occurring because Monero doesn't obey OS resource constraints, and we need to make it more resource-aware. That having been said, that specific error doesn't cause any problems per se; Monero just asks the OS for an extra network connection or whatever, and the OS says "no", and then Monero tries again a few minutes later because it's not a very clever panda bear at the moment.

Hey guys, I've already posted something like this here, but I'm just eager to share once again:

Poloniex


Hitbtc


As you can see, the price on Poloniex is really stable, while Hitbtc's still fluctuating. I've already managed to secure a couple of good deals, so I think it's a good moment to jump on the arbitrage bandwagon, if anyone was looking for the opportunity.

I fail to sse how you statement contradicts mine.