Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1912. (Read 4671108 times)

Quote from: the_darkness on May 28, 2014, 07:22:09 PM

Quote from: smooth on May 28, 2014, 07:11:26 PM

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.

You may want to wait and see on the block time issue - my changes should make bitmonerod verify blocks around 2x faster, meaning less orphans.

2+ minute blocks would make sense even if verification were as fast as scrypt or sha256, which it won't be, likely ever. I have actually been thinking that a longer time would be better, like maybe 5 minutes, but as hashing has become more optimized the gap has shrunk a bit. Two minutes might still be okay. One minute will not.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: phzi on May 28, 2014, 07:18:09 PM

Quote from: smooth on May 28, 2014, 07:11:26 PM

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...

You know it is interesting. We have this anonymous coin here and there are the huge opportunites to build things like gambling sites -- even fairly simple ones that are often popular -- yet people are more interested in coming here and wanting to make a few quick bucks with a supply cut pump than actually doing the things that could make them truly rich. A bit of a head scratcher.

the_darkness

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.

phzi

hero member

Activity: 700

Merit: 500

Quote from: mr_random on May 28, 2014, 06:53:52 PM

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...

smooth

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.

othe

hero member

Activity: 532

Merit: 500

Quote from: Spekulatius on May 28, 2014, 06:27:48 PM

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.

mr_random

legendary

Activity: 1344

Merit: 1001

Quote from: Spekulatius on May 28, 2014, 06:27:48 PM

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.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: secousa on May 28, 2014, 11:09:50 AM

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.

secousa

full member

Activity: 203

Merit: 151

Quote from: tacotime on May 28, 2014, 10:48:00 AM

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,

othe

hero member

Activity: 532

Merit: 500

Quote from: Spekulatius on May 28, 2014, 06:27:48 PM

Quote from: Keyboard-Mash on May 28, 2014, 06:18:53 PM

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.

hughjays77

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]

Spekulatius

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

blaaaaacksuit

sr. member

Activity: 280

Merit: 250

Who cares?

Quote from: smooth on May 28, 2014, 05:54:02 PM

Quote from: smooth on May 28, 2014, 04:03:47 PM

Quote from: hughjays77 on May 28, 2014, 05:51:55 PM

Thread updated - with PROOF of 2x hashrate increase over Lucasjones' repo.

https://bitcointalksearch.org/topic/new-more-optimized-mro-cpuminer-updated-05282014-proof-of-2x-increase-619373

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?

Keyboard-Mash

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?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: smooth on May 28, 2014, 04:03:47 PM