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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1912. (Read 4670606 times)

member
Activity: 79
Merit: 10
It has been said from the start that this is explicitly not a pump and dump coin. The devs frankly don't spend a lot of time thinking about the short term price action. The market will find an equilibrium and whatever that equilibrium price happens to be, "price times quantity" wlll allow you to hold and/or spend this coin in the desired amount. Whether that is 10 coins at 0.001 or 1 coin at 0.01 makes little real difference.

If you are looking a coin to be pumped up the for short term gains it may well be that DRK or XC are better for you. That won't work long term anyway. Pick any parameters you want, tweak them to game out an advantage as many times you want, but if the coin is not useful it will sooner or later still be worth exactly zero. Likewise if the coin is or becomes useful it will maintain and gain value regardless of the exact parameters, as explained above.


100% support this. Virtually every other altcoin has some kind of scam element that leads to it being criticized. One of the strongest differentiating traits of Monero is its clean launch. Changing the emission now would remove that strength. (That said I do support changing to two minute block times with the emission per block adjusted to maintain the same curve in order to reduce orphans.) As eizh said upthread, the fast emission now will actually result in a slower emission and the presumed increased valuation that folks are craving a year from now. In the mean time, Monero is taking good steps to build on its base, including the partnership with i2p, pool development, GUI wallet development, and possibly an android wallet. All of these will help to draw in new users and presumably support the price.
hero member
Activity: 700
Merit: 500
Am i the only one who sees no problem with the current block reward?

No and every one of the devs agree with you. It won't be changed.

The way to make the coin go up in value is to make it more useful, not tinkering with parameters. Create services using it.
This is key.  Adoption + time will create community and value in Monero.

If you're looking for a quick pump/dump coin, this probably isn't it.  The smart folks see the potential in Monero long term - I would say over many years, not a few days or weeks.

Monero offers real technological advances, and massively improve the anonymous spending model in popular coins like DRK.  The difference, is that Monero isn't being artificially pumped in price so a small group can dump on everyone else.  And, unlike DRK, it doesn't rely on a sketchy/unproven centralized system or closed source code.

Monero - buy, hold, wait...
legendary
Activity: 2968
Merit: 1198
It has been said from the start that this is explicitly not a pump and dump coin. The devs frankly don't spend a lot of time thinking about the short term price action. The market will find an equilibrium and whatever that equilibrium price happens to be, "price times quantity" wlll allow you to hold and/or spend this coin in the desired amount. Whether that is 10 coins at 0.001 or 1 coin at 0.01 makes little real difference.

If you are looking a coin to be pumped up the for short term gains it may well be that DRK or XC are better for you. That won't work long term anyway. Pick any parameters you want, tweak them to game out an advantage as many times you want, but if the coin is not useful it will sooner or later still be worth exactly zero. Likewise if the coin is or becomes useful it will maintain and gain value regardless of the exact parameters, as explained above.
hero member
Activity: 532
Merit: 500

Has there been any more thought about lowering the daily amount of MRO produced?

Seemed that there was a number of people for that idea and only a couple against it.

Im all for it

Am i the only one who sees no problem with the current block reward?

LTC creates 28800 LTC per day and that for YEARS before it goes down. Their price is way above ours - and holding "stable".

We are currently at 23.904 coins per Day, and it gets less and less every day...


You simply cant change the total amount of coins after a coin is launched, thats simply cheating in favour of the early adopters and not fair at all, every coin who does that i would consider as a scam.

Well XC is 100% mined now and they also reduced the total from 33 million to 5.5 million. And the developer has a premine. No-one seems bothered about it.

We also know about DRK's coin distribution.

I actually think LTC's coin production is excessive and puts unnecessary downward pressure on price. I wouldn't call their price stable either, it's been downtrending for months both relative to btc and usd.

Am i the only one who sees no problem with the current block reward?

No and every one of the devs agree with you. It won't be changed.

The way to make the coin go up in value is to make it more useful, not tinkering with parameters. Create services using it.




So basically the devs control the coin despite what people say. Sounds good.

I bought in cheap so I'm not hugely bothered. Just trying to determine whether to stay in this for the long haul or exit.

I dont get your argument, absolutely not  - we arent DRK nor are we XC. We dont need to cheat.

Litecoin didnt cheat either, they were honest the hole time - thats why they are #2 and still appealing to long term investors.


I am not even commenting the "devs control the coin" bs - but sorry, are you working the whole day on adding features, fixing bugs, helping users...

The rules where made before the coin was launched, everyone was aware of and now you want to change it for quick personal profit, thats just sick.

The coin production is no "downward pressure" it is to ensure everyone can get a fair amount of coins... a currency in the hands of only a few people is useless and extremely dangerous.
legendary
Activity: 1344
Merit: 1001

Has there been any more thought about lowering the daily amount of MRO produced?

Seemed that there was a number of people for that idea and only a couple against it.

Im all for it

Am i the only one who sees no problem with the current block reward?

LTC creates 28800 LTC per day and that for YEARS before it goes down. Their price is way above ours - and holding "stable".

We are currently at 23.904 coins per Day, and it gets less and less every day...


You simply cant change the total amount of coins after a coin is launched, thats simply cheating in favour of the early adopters and not fair at all, every coin who does that i would consider as a scam.

Well XC is 100% mined now and they also reduced the total from 33 million to 5.5 million. And the developer has a premine. No-one seems bothered about it.

We also know about DRK's coin distribution.

I actually think LTC's coin production is excessive and puts unnecessary downward pressure on price. I wouldn't call their price stable either, it's been downtrending for months both relative to btc and usd.

Am i the only one who sees no problem with the current block reward?

No and every one of the devs agree with you. It won't be changed.

The way to make the coin go up in value is to make it more useful, not tinkering with parameters. Create services using it.




So basically the devs control the coin despite what people say. Sounds good.

I bought in cheap so I'm not hugely bothered. Just trying to determine whether to stay in this for the long haul or exit.
legendary
Activity: 2968
Merit: 1198
Am i the only one who sees no problem with the current block reward?

No and every one of the devs agree with you. It won't be changed.

The way to make the coin go up in value is to make it more useful, not tinkering with parameters. Create services using it.


full member
Activity: 203
Merit: 151
Strange. Both 0.8.7 and 0.8.8 ("experimental") do this?

edit:

Here's a recent active peer list in case you wanna try to manually sync them with "bitmonerod.exe ----add-peer [address]":
Code:
2014-May-28 11:51:26.079154 [P2P5][54.197.212.182:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.352103 [P2P4][81.84.254.209:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.377826 [P2P5][108.48.207.233:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.811456 [P2P4][54.209.172.97:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.820611 [P2P4][88.170.37.27:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:26.861093 [P2P4][107.170.183.130:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.026485 [P2P4][188.24.155.156:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.063173 [P2P4][164.15.10.90:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:27.138536 [P2P4][5.9.119.197:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:30.221394 [P2P4][69.145.201.19:18080 OUT] SYNCHRONIZED OK
2014-May-28 11:51:30.360863 [P2P4][198.23.226.122:18080 OUT] SYNCHRONIZED OK

Yes, both seem to do it. I'll try adding the peers in your quote above and come back with results.
EDIT: seems like it could be network, I'll try later in a public hotspot as well. Can't connect to any of the nodes

FYI, here's the issue I get on 64 bit windows build (both 0.8.8.8 and experimental)

Code:
2014-May-28 11:08:20.324889 Starting...
2014-May-28 11:08:20.333890 bitmonero v0.8.8.1(0.1-g328a52a)
2014-May-28 11:08:20.342890 Module folder: bitmonerod.exe
2014-May-28 11:08:20.349891 Initializing p2p server...
2014-May-28 11:08:20.359891 ERROR c:\temp\monero\git-experimental\bitmonero-0.8.
8update-x64\src\p2p\net_node.inl:82 Exception at [node_server::init_config], wha
t=invalid signature
2014-May-28 11:08:20.380893 ERROR c:\temp\monero\git-experimental\bitmonero-0.8.
8update-x64\src\p2p\net_node.inl:204 Failed to init config.
2014-May-28 11:08:20.396894 ERROR ..\..\src\daemon\daemon.cpp:148 Failed to init
ialize p2p server.
2014-May-28 11:08:20.409894 Mining has been stopped, 0 finished

just an update on my situation (while the blockchain downloads)

I found that the firewall on my PC had a very high security setting. I could not get either win platform to work.

On another PC (without firewall), the 32bit version of the daemon had issues. However, the 64 bit is working fine with the latest stable release. blockchain is downloading.

Thanks,
hero member
Activity: 532
Merit: 500
Has there been any more thought about lowering the daily amount of MRO produced?

Seemed that there was a number of people for that idea and only a couple against it.

Im all for it

Am i the only one who sees no problem with the current block reward?

LTC creates 28800 LTC per day and that for YEARS before it goes down. Their price is way above ours - and holding "stable".

We are currently at 23.904 coins per Day, and it gets less and less every day...


You simply cant change the total amount of coins after a coin is launched, thats simply cheating in favour of the early adopters and not fair at all, every coin who does that i would consider as a scam.
hero member
Activity: 728
Merit: 504
Im using win 7 starter 32bit edition. I got it all working on Saturday[fully blockchain] download. I think my wifes computer is vista. I will try later. Mobile solution would not work for me. I would love to find a solution in the interim. Just cant understand why it works 4 days ago but doesnt work today ?

Im telling you guys.... a working GUI wallet and MRO will shoot through the roof

Right now I just need a working wallet of any type as obviously I cant get all my coins to show up in my wallet




[quote authobit wind 7.

I'm coming to the conclusion that there are very wide random instabilities with the daemon and 32 bit platforms.

I was able to get it working on windows vista 32 bit, with no problems before last week (the comp hasnt been on since then). Maybe it has something to do with 32 bit windows 7? I don't know if any of the daemon relies on .net (i'm pretty sure it does have some dependencies because it didn't work until i had updated the computer) .. but are you fully updated?

Keep in mind that a month ago, this software was not accessible at all on 32 bit systems. It's a new update that I imagine still has a few bugs to sort out.

I know aminorex has initiated contact/is working with a third party on getting a mobile wallet up and working, would that better suit your needs for the time in which the bugs can be worked out? Or maybe do you have a different version of windows that you can try?
[/quote]
legendary
Activity: 1022
Merit: 1000
Has there been any more thought about lowering the daily amount of MRO produced?

Seemed that there was a number of people for that idea and only a couple against it.

Im all for it
sr. member
Activity: 280
Merit: 250
Who cares?

And the NSFW pictures make it all worth it.

Nice work Wolf0



lol, the pics aren't exactly the point of the post Tongue

I'm easily distracted.


As am I. The wallpapers help. Help distract me, that is.  Tongue

Not trying to be mean, but I don't get this kind of stuff, what am I missing?
newbie
Activity: 56
Merit: 0
I am using 32bit wind 7.

I'm coming to the conclusion that there are very wide random instabilities with the daemon and 32 bit platforms.

I was able to get it working on windows vista 32 bit, with no problems before last week (the comp hasnt been on since then). Maybe it has something to do with 32 bit windows 7? I don't know if any of the daemon relies on .net (i'm pretty sure it does have some dependencies because it didn't work until i had updated the computer) .. but are you fully updated?

Keep in mind that a month ago, this software was not accessible at all on 32 bit systems. It's a new update that I imagine still has a few bugs to sort out.

I know aminorex has initiated contact/is working with a third party on getting a mobile wallet up and working, would that better suit your needs for the time in which the bugs can be worked out? Or maybe do you have a different version of windows that you can try?
legendary
Activity: 2968
Merit: 1198

And the NSFW pictures make it all worth it.

Nice work Wolf0



lol, the pics aren't exactly the point of the post Tongue

I'm easily distracted.
hero member
Activity: 728
Merit: 504
Tried everything I can think of. I was able to do an initial sync on Saturday even though it took almost 24hrs. Now after the syncing stopped today[2days behind] and waiting for up to 6 hours. I decided to download the blockchain from the link on the first page and place in the appdata/bitmon.. folder. Received an error form the deamon when I tried to start up and it started creating new blockchain from start ignoring the recently downloaded blockchain thats only10days behind[maybe its because it said 64bit blockchain] and I am using 32bit wind 7.

Next I deleted all from the appdata/bitmon.. folder and then started deamon. I started downloading the blockchain but eventually gave me a message that the entire blockchain was downloaded after 3000blocks. This obvious is not correct as we are up to over 61000


At loss as to what to do. I like Monero but this is stopping me from buying anymore.

I have also tried the simple wallet or GUI wallet and both are giving me the same problems. [ the GUI is the one I succesfully used on Saturday

Note: I dont have the simplewallet open when I am doing any of the above.

Any help would be appreciated


my computer is windows 7 32 bit so Im not sure the blockchain download will work for me ? If that doesnt work, will I have to delete blockchain in appdata folder and redownload the entire blockchain ?


Deamon seems not to be working and not syncing to latest block. I dont know what else to do as my latest coins will not show up unless the my blockchain is up to date. My Deamon log out put is


3fad2742d15    39313149(86)/191001(61)  state_synchronizing      898                

2014-May-29 06:02:43.224467 [P2P9][200.87.74.194:18080 OUT]Sync data returned unknown top block: 57234->60814[3580 blocks(2 days) behind]
remote top: <2c585fdc7693252113fff46012a127085932d49891d31e5767b8fb1a3a083311>[60814], set SYNCHRONIZATION mode
2014-May-29 06:02:43.225467 [P2P9][200.87.74.194:18080 OUT] COMMAND_HANDSHAKE INVOKED OK
2014-May-29 06:02:46.086631 Connections:
Remote Host              Peer id             Recv/Sent (inactive,sec) State                    Livetime(seconds)  


Its doesnt get any futher than this as if in a loop... even after 3hrs . Please help

Looks like you have got synced to a forked blockchain from a forked node, best bet is to stop the daemon and clear its data from %appdata%/monero. You can download a fairly up to date blockchain from one of the links in the OP, then hopefully wont take your Daemon too long to sync this time round Smiley
newbie
Activity: 27
Merit: 0
Hello friends, we need soldiers:

http://moneropool.com.br/

NO fees  Wink

Unless you're somewhere closer to Finland, in which case: http://kippo.eu
No fees for the time being either.  Wink
newbie
Activity: 3
Merit: 0
Hello friends, we need soldiers:

http://moneropool.com.br/

NO fees  Wink
newbie
Activity: 13
Merit: 0
hey guys i need your help.

I wanted to test this coin and have mined a couple of moneros to two different adresses.
I used two different pools, and on this pools i can also see the paid amount.
But on my wallet the balance is still zero. I tried cryptonote wallet and simplewallet in different versions.

Furthermore im not sure if the blockchain is downloaded sucessfully, cryptonote wallet downloaded the blockchain
a couple of hours and is now saying "ready" but i dont know how to check that.

Any ideas of what i have done wrong ?

People seems to be screwing up the initial wallet sync... like I did the first time.

Here is the excellent QCN readme.txt... MRO is same procedure.

http://textuploader.com/9f0y

Open your FIRST command window, go to MRO directory...
And do Step #1... run daemon and fully synchronize blockchain...
Type "save" and *** do nothing else ***. Keep daemon running in Window #1.

Open up a SECOND command window, go to the MRO directory...
And do Step #2...
Just type "simplewallet"... it will prompt you for wallet name and password...
Now with the daemon still running... type "refresh".

Your wallet should spend about 60 seconds cycling though a bunch of numbers and synching.
If you screw up this part... your wallet will not work.

If all this fails just buy Quark...
Or scout your area for bridges to jump from...
A good rule of thumb is about 10 stories high...
You want to be approaching escape velocity when to hit the water.

Thank you, it worked out perfectly.
No need for a bridge  Grin
legendary
Activity: 2968
Merit: 1198
moneropool.com has well over 51% of the network hashrate.  Undecided

There's an ongoing cloud mining hashrate war between whales. Although I don't know why they wouldn't just solo mine.

Mostly laziness I suspect. A one liner to set up a private pool would probably help.
legendary
Activity: 2968
Merit: 1198

And the NSFW pictures make it all worth it.

Nice work Wolf0

legendary
Activity: 1344
Merit: 1001
Has there been any more thought about lowering the daily amount of MRO produced?

Seemed that there was a number of people for that idea and only a couple against it.
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