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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1941. (Read 4670562 times)

member
Activity: 81
Merit: 10
<3 big picture

My suggestion is a reduction in the number of coins or altering of the reward curve.

Have to disagree.  The goal shouldn't be to have an "investment", its a currency for use as a tool.

I'd rather see trade-facilitation stuff built in, and a greater circulation - the value inherent in the coin will be driven by market uptake.  The reason BTC was successful initially is it was used for a large range of commercial transactions.. being able to spend it on goods/services created the demand and built the price.

Artificially limiting the number of coins to preserve the current spot price is just a short-term prop for traders, and ultimately adds no value to the currency.  Without the means to use it to buy actual items, its worthless, just like fiat.
newbie
Activity: 52
Merit: 0
nirvana
with that processor you have those numbers?
I, with a i5 quad core
I 80
20-core

FX-8320
legendary
Activity: 910
Merit: 1000
can i run simpleminer from ubuntu terminal?
what im doing wrong?
"simpleminer: command not found"


edit:  missing screen -S minerd ./minerd
working now
copper member
Activity: 658
Merit: 500
Blockchain Just Entered The Real World
Yo im not sure if my system is runing with appropriate H/s.

Im running 14 Threads on 4 CPUs, 3x Celeron@2700MHz 6 Threads, and 1x Sandy Bridge i7 2600K@4800Mhz 8 Threads.

Hashrate fluctuates between 15 and 45 H/s. Is it dat what i can expect?
member
Activity: 80
Merit: 10
The developer of Monero is David Latapie, a french "multi forker" (he also developed mintcoin).



http://whois.domaintools.com/monero.cc
http://whois.domaintools.com/mintcoin.cc

Mintcoin.cc is now made anonymous by obscure WhoisGuard company from Panama...

Well... no future except pump and dump (I own a bunch of this coin but I'm realist).

Oh please... When trying to play the private investigator game, at least do it seriously.

mintcointeam is the dev of Mintcoin
The Alty created the third (and now official) mintcoin site, mintcoin.cc. There was a bounty attached to it, by the way. Alty subcontracted a person in Panama for the actual creation of the website. Alty has since left mintcoin entirely and since I was involved in Mintcoin quite a bit (task manager), I took over. The Alty gave me access to the domain name. I also hosted the site until very recently, now someone else (rockingaltcoins) is hosting it because there was some load issues I could not handle with my hosting plan.

As for Monero.cc, I bought it after a voting session (votebot-sanctioned) on IRC, in April. Shortly after monero was on Poloniex, we decided to move monero.cc out of my hosting plan, to avoid DDoS and the like. It worked wonder.

Since you are playing PI, you should Google my name and read my English crypto-related and non-crypto-related entries (and French ones, since you seem French, according to your nick). You would a get a better idea of my personality and would have probably conclude I am either very good at faking an identity for years of else I am just not a deceiver.

A PI should never limit himself to a couple of sources and a lot of extrapolations - and confirmation biases. Even in bitcointalk, you did not search much. Read this post, for instance, this would give you a better insight of my personnality
https://bitcointalksearch.org/topic/m.6584975

So if after that, you still want to dump, please do so. More monero for the others.
Et comme tu m'a l'air français, demande à superesistant, perl ou djinou94 ce qu'ils pensent de moi.

Doing a whois search is not what I would call doing Personal Investigation. As a basic investor I just want to know where I put my money. The fact is I just made the link with mintcoin as I saw your name in a previous whois record. All I said on you is that you are a french developer (seems to be right) and a multi-forker (as I knew you worked on mintcoin... another fork).

So what is wrong ? Show me where I wrote you are a dirty guy ? I didn't.

FYI I don't need to trust your friends, even if they seem to be honest. What I need is looking at technical specifications, source code, and what the developers plan to do to improve. Nothing can make me think you are incompetent or scammer, I just want to point people that this coin is just another young fork (at the moment), with very little changes from the original, nothing more. I even didn't say you claim to the contrary.

And please, my reply was explicitly to this post, as rightly quoted in the message :
https://bitcointalksearch.org/topic/m.6906965

So don't pretend now I'm doing personal bashing on you.

Yes I'm french... Sorry my english is poor Smiley

P.S. "Alty subcontracted a person in Panama for the actual creation of the website." This should be a joke dude, I'm not so naïve to believe it.

member
Activity: 109
Merit: 10
nirvana
with that processor you have those numbers?
I, with a i5 quad core
I 80
20-core
hero member
Activity: 794
Merit: 1000
Monero (XMR) - secure, private, untraceable
^It happen sometimes. If you see this often just restart bitmonerod and it'll stop (otherwise you are flooding someone's else connection and he sees the same in the daemon). Save the blockchain before restarting the daemon ('save', 'exit' or 'q') or otherwise you'll have to synchronize again.
newbie
Activity: 52
Merit: 0
2014-May-24 08:48:58.639068 [P2P3]ERROR c:\temp\monero\git\bitmonero-master-x64
contrib\epee\include\net\abstract_tcp_server2.inl:307 send que size is more tha
 ABSTRACT_SERVER_SEND_QUE_MAX_COUNT(100), shutting down connection

2014-May-24 08:48:58.658069 [P2P3]ERROR c:\temp\monero\git\bitmonero-master-x64
contrib\epee\include\net\levin_protocol_handler_async.h:638 [114.228.158.215:49
16 INC]Failed to do_send()

I keep getting a ton of these in bitmonerod
legendary
Activity: 910
Merit: 1000
at what hashrates you guys are mining this?
my Hash Rate: 103.33 H/sec, am i wasting my time or should i keep mining this slow?

250-270H/s here. 100 isnt bad, i started with 40 lol.

i could make +200h/s if i just could compile linux on my vps, no luck on that
legendary
Activity: 2968
Merit: 1198
Quote
Over the next 8 or so years (the period when most of the coins will be mined numerically)? I have no idea, and neither do you.  8 years ago Bitcoin didn't even exist.

What we do know is the inflation curve and the fiat or fiat equivalent to absorb daily supply. Even in current prices the demands are significant.

You're overcomplicating it. The current price is a market consensus of expected future value, especially in a speculative instrument like this one where (at present) there is really no other reason to buy. So the market is saying that an expected 100K BTC are going to flow into this coin (over the next ~8 years). This likely represents an average of many outcomes, including some at 0 or close to 0, and some higher (likely much higher) than 100K BTC. You may disagree with this assessment, but you should take that to the price speculation thread.

newbie
Activity: 52
Merit: 0
at what hashrates you guys are mining this?
my Hash Rate: 103.33 H/sec, am i wasting my time or should i keep mining this slow?

250-270H/s here. 100 isnt bad, i started with 40 lol.
legendary
Activity: 1386
Merit: 1000
@ Devs, maybe you can say anymore?

When you plan to release your future plans of monero?

So it only generate uncertainty.
legendary
Activity: 910
Merit: 1000
i have a problem to compile.. any ideas?
ubuntu 14.04, boost 1.55



[ 38%] Building CXX object src/CMakeFiles/cryptonote_core.dir/cryptonote_core/blockchain_storage.cpp.o
c++: internal compiler error: Killed (program cc1plus)
Please submit a full bug report,
with preprocessed source if appropriate.
See for instructions.
make[3]: *** [src/CMakeFiles/rpc.dir/rpc/core_rpc_server.cpp.o] Error 4
make[3]: Leaving directory `/root/bitmonero/build/release'
make[2]: *** [src/CMakeFiles/rpc.dir/all] Error 2
make[2]: *** Waiting for unfinished jobs....
[ 40%] Building CXX object src/CMakeFiles/cryptonote_core.dir/cryptonote_core/account.cpp.o
^Cmake[3]: *** [src/CMakeFiles/cryptonote_core.dir/cryptonote_core/blockchain_storage.cpp.o] Interrupt
make[3]: *** [src/CMakeFiles/cryptonote_core.dir/cryptonote_core/account.cpp.o] Interrupt
make[2]: *** [src/CMakeFiles/cryptonote_core.dir/all] Interrupt
make[1]: *** [all] Interrupt
make: *** [build-release] Interrupt
legendary
Activity: 1036
Merit: 1000
He's an asshole  Grin
Joke
Seriously one of the best guy i've met in the crypto world  Cool

But honors are for all Monero team who work hard, MRO is the futur
Keep going guys
Ignore the trolls
hero member
Activity: 658
Merit: 503
Monero Core Team
The developer of Monero is David Latapie, a french "multi forker" (he also developed mintcoin).



http://whois.domaintools.com/monero.cc
http://whois.domaintools.com/mintcoin.cc

Mintcoin.cc is now made anonymous by obscure WhoisGuard company from Panama...

Well... no future except pump and dump (I own a bunch of this coin but I'm realist).

Oh please... When trying to play the private investigator game, at least do it seriously.

mintcointeam is the dev of Mintcoin
The Alty created the third (and now official) mintcoin site, mintcoin.cc. There was a bounty attached to it, by the way. Alty subcontracted a person in Panama for the actual creation of the website. Alty has since left mintcoin entirely and since I was involved in Mintcoin quite a bit (task manager), I took over. The Alty gave me access to the domain name. I also hosted the site until very recently, now someone else (rockingaltcoins) is hosting it because there was some load issues I could not handle with my hosting plan.

As for Monero.cc, I bought it after a voting session (votebot-sanctioned) on IRC, in April. Shortly after monero was on Poloniex, we decided to move monero.cc out of my hosting plan, to avoid DDoS and the like. It worked wonder.

Since you are playing PI, you should Google my name and read my English crypto-related and non-crypto-related entries (and French ones, since you seem French, according to your nick). You would a get a better idea of my personality and would have probably conclude I am either very good at faking an identity for years of else I am just not a deceiver.

A PI should never limit himself to a couple of sources and a lot of extrapolations - and confirmation biases. Even in bitcointalk, you did not search much. Read this post, for instance, this would give you a better insight of my personnality
https://bitcointalksearch.org/topic/m.6584975

So if after that, you still want to dump, please do so. More monero for the others.
Et comme tu m'a l'air français, demande à superesistant, perl ou djinou94 ce qu'ils pensent de moi.
legendary
Activity: 910
Merit: 1000
at what hashrates you guys are mining this?
my Hash Rate: 103.33 H/sec, am i wasting my time or should i keep mining this slow?
legendary
Activity: 1708
Merit: 1049
This coin does not need to be innovative, it has the best chance of any to replace Darkcoin. The other difficulties you mention apply to any current coin. We are not interested in making a system that can be used by criminals. Nor is Darkcoin, the government/NSA have all the transactions as an open book for any of these public currencies. What we are interested in is a legitimate amount of personal privacy. There is no reason my purchases should be traceable to my ex-wife or bank manager without my permission, as they are with Bitcoin.

Darkcoin is doomed as it relies on trusted servers that can be exposed either by break ins to master nodes, or by government action.

At this stage, neither BCN / BCN-clones or DRK can claim to be NSA-proof by themselves, without following best practices regarding anonymity etc etc. They are private for all intents and purposes for everything except NSA action.

We are talking about 99% anonymity and we are waiting, as users, for the extra 1% that will lock governments (actually the US government which has the big resources - not any government) out. That 1% is the big evolution that must be done.
legendary
Activity: 1708
Merit: 1049
Quote
You're forgetting that the market for this coin is potentially massive. Also the Bitcoin/Altcoin market is set to grow by leaps and bounds this year. What seems like a huge market cap right now for Litecoin for example might be normal for top 10 coins soon.

Actually I don't. A price increase of Bitcoin would require much more fiat to preserve (let alone increase) price levels of MRO. This is basic finance of supply/demand.

Quote
Over the next 8 or so years (the period when most of the coins will be mined numerically)? I have no idea, and neither do you.  8 years ago Bitcoin didn't even exist.

What we do know is the inflation curve and the fiat or fiat equivalent to absorb daily supply. Even in current prices the demands are significant.

Quote
Just to be clear - by direct comparison with Darkcoin, whose values you have tirelessly espoused in this thread, almost 5% of all Darkcoins that will ever be created were mined in the first 8 hours of the coins launch.

That actually had a positive side-effect for further inflation / debasement. Right now DRK requires something like 72 BTC per day to buy all new darkcoins vs 604 BTC of Litecoin. The difference is massive.

MRO will require insane amounts of BTCs if it hits anything like the levels of DRK price. This means price stagnation, community bitching about price, negative feedback loop, frustration, clones with "we solved the issue of inflation that kept MRO price down" competing in the same BCN-clone space, people jumping ship etc.

I don't think the community would object with a change towards a less inflating or scarcer coin.

note: My personal philosophy regarding cryptos is heavily against strong inflation.
member
Activity: 68
Merit: 10

You're right, this coin is fair, this is why I'm on. And you're wrong when you think I want to FUD or troll. Crypto-currencies need truth and trust. Too many scammers, liars, thieves... These are not things of no consequence, people put their money in. So they must know exactly what they bet on.

I maintain that this coin is just a fork with almost technically nothing more than bytecoin. This is just the reality.

As things stand at the present this coin has no more future than most of altcoins just because most of these coins (in fact all of them) add no improvements to what Bitcoin needs.

Who really cares traceability (Bitcoin is already an anonymous coin) ? If you do illegal things you should change your mind or ask real maffioso to help you.

We can talk about others so-called improvements of other altcoins :
- better confirmation time : even with 30s block time the real confirmation take several minutes, so can't compete with Visa Card;
- PoS : better than PoW for energy saving but worse for volume increasing transactions (as it is implemented today);
- difficulty regulation algorithms : useless when total hashrate is huge.


This coin does not need to be innovative, it has the best chance of any to replace Darkcoin. The other difficulties you mention apply to any current coin. We are not interested in making a system that can be used by criminals. Nor is Darkcoin, the government/NSA have all the transactions as an open book for any of these public currencies. What we are interested in is a legitimate amount of personal privacy. There is no reason my purchases should be traceable to my ex-wife or bank manager without my permission, as they are with Bitcoin.

Darkcoin is doomed as it relies on trusted servers that can be exposed either by break ins to master nodes, or by government action. This coin is the best so far to use a reliable technology for privacy. It has some birth pains, as have all coins that make it. It does not need to be technologically innovative compared to the source it forked from, it just needs to be fairer. The original devs messed up their chance. This is like a community grab of Bytecoin.
sr. member
Activity: 322
Merit: 250
In fact to this day, only about 5% of the coins have been mined, and it is FAR from the case that developers or very early adopters have been the only ones mining.

This is a bit damning for future price really. How can the market absorb another 20 times the coin supply at current prices?

- It would either require 50mn USD (100mn USD if MRO price doubled or 200mn USD if price went up 4x)
- Or price would have to drop significantly so that the new MROs can be absorbed at much lower prices

As it is right now it is not sustainable, inflation-wise / price-wise. Investors would quickly lose money on their investment as the coin is debased. Alternatively, they'd rather go with a BCN clone that doesn't have this type of "weakness".

My suggestion is a reduction in the number of coins or altering of the reward curve.

You're forgetting that the market for this coin is potentially massive. Also the Bitcoin/Altcoin market is set to grow by leaps and bounds this year. What seems like a huge market cap right now for Litecoin for example might be normal for top 10 coins soon.
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