[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1946.

windjc

legendary

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Quote from: stslimited on May 23, 2014, 09:20:20 PM

Quote from: windjc on May 23, 2014, 09:03:11 PM

Can someone with sufficient and unbaised knowledge please explain to me why MRO is only listed on a few small exchanges and why it has basically flatlined while darkcoin has gone through the roof?

What is it that has made darkcoin so much more attractive than MRO?

someone just asked this on reddit I'll copy and paste an answer:

the anonomity feature is highly profitable
people contributing to the laundry require 1000 drk to participate, but those people also split 10% of the block reward... but blocks come in every 2.5 minutes
so on a daily basis people can make A LOT if they invest 1000 drk into a masternode server.
so not only are people buying 1000 drk at a time, they are also removing drk from the supply since they won't be so likely to sell as they are earning more dark with minimal to zero overhead costs

How many MRO will there be?

DareC

member

Activity: 83

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I just started solo mining at about 155-165 H/s. Should I be on a pool instead?

Also, is this about normal for an i7 980?

emontmon

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Merit: 10

Quote from: windjc on May 23, 2014, 09:03:11 PM

Can someone with sufficient and unbaised knowledge please explain to me why MRO is only listed on a few small exchanges and why it has basically flatlined while darkcoin has gone through the roof?

What is it that has made darkcoin so much more attractive than MRO?

darkcoin is much better for you and you should go to that thread and stay there. you will be better educated about the benefits of dark coin over there.

emontmon

member

Activity: 196

Merit: 10

Quote from: Johnny Mnemonic on May 23, 2014, 07:40:34 PM

Quote from: eizh on May 23, 2014, 07:30:25 PM

Quote from: smooth on May 23, 2014, 06:33:28 PM

Quote from: equipoise on May 23, 2014, 04:39:41 PM

^Unicorns approaching... If you are a student with access to those scientific publications payed by the university, you'll be happy to sell them for 0.005 BTC - pure profit. This web site probably was made 1-2-3 months ago or maybe yesterday?

Sigh. Why is the level of critical thinking so low in this space. If someone has an incentive to do something (say pump a coin), you can't logically believe that anything they say is actually legitimate without some kind of evidence. Talk is cheap.

Absent evidence I would assume the site didn't exist before it was posted here.

(Not directed at you equipoise, I know you agree with me.)

I find it funny that "BCN" is used, even though that's a name bitcointalk came up with 2 months ago for this 2 year old currency. I'm sure it's just a coincidence. Wink

BCN was used on bytecoin.org before the bitcointalk thread was ever created. I was aware of bytecoin before DStrange announced it and I'm pretty sure the abbreviation existed.

this is most definitely not true. dstrange started the abbreviation bcn. bytecoin changed it so that it would be differentiated from bytecoin bitcoin clone.

how can you say that bytecoin.org used it before. you were not even part of that conversation at the very beginning and that when all the cicada 3301 conspiracy was flying around. your credibility is in question.

PeaMine

hero member

Activity: 979

Merit: 510

Just wanted to say the linux build from source was easy, very rare these days.
Thank you!

stslimited

hero member

Activity: 546

Merit: 500

Quote from: windjc on May 23, 2014, 09:03:11 PM

Can someone with sufficient and unbaised knowledge please explain to me why MRO is only listed on a few small exchanges and why it has basically flatlined while darkcoin has gone through the roof?

What is it that has made darkcoin so much more attractive than MRO?

someone just asked this on reddit I'll copy and paste an answer:

the anonomity feature is highly profitable
people contributing to the laundry require 1000 drk to participate, but those people also split 10% of the block reward... but blocks come in every 2.5 minutes
so on a daily basis people can make A LOT if they invest 1000 drk into a masternode server.
so not only are people buying 1000 drk at a time, they are also removing drk from the supply since they won't be so likely to sell as they are earning more dark with minimal to zero overhead costs

eizh

hero member

Activity: 560

Merit: 500

Quote from: windjc on May 23, 2014, 09:03:11 PM

Can someone with sufficient and unbaised knowledge please explain to me why MRO is only listed on a few small exchanges and why it has basically flatlined while darkcoin has gone through the roof?

What is it that has made darkcoin so much more attractive than MRO?

The altcoin space is mostly people who watch coinmarketcap for movement and buy during pumps initiated by 'whales'. Why would the anonymity coin subspace be different? Actual properties of coins are manifested in a long-term drift in price, not daily movements. This 'flatlining' you refer to is, what, the last 2 days? Many of us sat on Darkcoin for 3-4 months before it went anywhere.

Few exchanges have adopted it because it takes work, unlike for Bitcoin-based coins where they already have everything set up. More will follow in the next few months.

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: windjc on May 23, 2014, 09:03:11 PM

Can someone with sufficient and unbaised knowledge please explain to me why MRO is only listed on a few small exchanges and why it has basically flatlined while darkcoin has gone through the roof?

What is it that has made darkcoin so much more attractive than MRO?

I have biased knowledge but I believe I can still answer your question:
1. Completely different technology => difficult to implement on exchanges, you cannot just copy and paste another code
2. Darkcoin is four months old. Monero is one month old.

ErrorId

full member

Activity: 133

Merit: 100

Quote from: windjc on May 23, 2014, 09:03:11 PM

Can someone with sufficient and unbaised knowledge please explain to me why MRO is only listed on a few small exchanges and why it has basically flatlined while darkcoin has gone through the roof?

What is it that has made darkcoin so much more attractive than MRO?

My take on it is this, since Darkcoin is based on Bitcoin it is operating in an already established eco system many tools that are required for it were already there and only needed some changes in code. Monero on the other hand is starting from pretty much nothing. Everything needs to be created from scratch or be heavily modified and that will take time.

The reason it's listed on few exchanges is that the volume isn't high enough for the bigger exchanges to pay someone to write the necessary code. This will of course change as Monero continues to grow.

The second part, it's not really flat. There is a slight uptrend that is going on right now, the problem that will fix itself with time is that there is a concentration of coins in the hands of people who got in early with massive hashing power, every time the price goes up a bit they unload some of their coins.

My 2 cents worth.

BitcoinPLZ

newbie

Activity: 10

Merit: 0

I'm trying to get started mining, but apparently you can only download simplewallet for Windows.

I have a Mac OSX computer, and am running a virtual Ubuntu 14.04

I have a pool and everything ready to go, I just need to know how I can generate a public/private key pair to mine to. Apparently I can't just deposit to an exchange, because all the ones listed require some kind of ID code attached that I can't do with the payouts from the mining pools. Any help?

windjc

legendary

Activity: 2156

Merit: 1070

Can someone with sufficient and unbaised knowledge please explain to me why MRO is only listed on a few small exchanges and why it has basically flatlined while darkcoin has gone through the roof?

What is it that has made darkcoin so much more attractive than MRO?

stslimited

hero member

Activity: 546

Merit: 500

Quote from: surfer43 on May 23, 2014, 08:46:53 PM

Quote from: stslimited on May 23, 2014, 08:42:36 PM

what prevents Monero from following the same fate at bytecoin? ie a $20k market cap... they have the same number of atomic units after all

Bytecoin has a $10 million market cap at last price on Poloniex...

You're confusing BCN with BTE. BTE has a $20k market cap, not BCN.

oh... I mean... who wouldn't?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: sorryforthat on May 23, 2014, 08:51:29 PM

Quote from: smooth on May 23, 2014, 08:48:32 PM

Not having an 80% shady premine and absurd mining rate (2x MRO) with a two year jump from the start might have something to do with. A visible team that is working hard to develop the coin and its use might be another.
I don't believe BCN has a $20K market cap either. Where did you get that number? Back of an envelope calculation I get something like $10 million.

You love the word premine dont you smooth. Rhetoric at its finest.

It is what it is.

Even premines don't necessarily bother me as long as the aren't a stream of lies trying to disguise it. But the funny thing is, the more lies are told the harder it will be to keep it all straight, and eventually there will be so many inconsistencies and slips that no one will believe the scam. So I do encourage them to keep going.

sorryforthat

hero member

Activity: 994

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Quote from: smooth on May 23, 2014, 08:48:32 PM

Not having an 80% shady premine and absurd mining rate (2x MRO) with a two year jump from the start might have something to do with. A visible team that is working hard to develop the coin and its use might be another.
I don't believe BCN has a $20K market cap either. Where did you get that number? Back of an envelope calculation I get something like $10 million.

You love the word premine dont you smooth. Rhetoric at its finest.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: stslimited on May 23, 2014, 08:42:36 PM

what prevents Monero from following the same fate at bytecoin? ie a $20k market cap... they have the same number of atomic units after all

Not having an 80% shady premine and absurd mining rate (2x MRO) with a two year jump from the start might have something to do with. A visible team that is working hard to develop the coin and its use might be another.

I don't believe BCN has a $20K market cap either. Where did you get that number? Back of an envelope calculation I get something like $10 million.

surfer43

sr. member

Activity: 560

Merit: 250

"Trading Platform of The Future!"

Quote from: stslimited on May 23, 2014, 08:42:36 PM

what prevents Monero from following the same fate at bytecoin? ie a $20k market cap... they have the same number of atomic units after all

Bytecoin has a $10 million market cap at last price on Poloniex...

You're confusing BCN with BTE. BTE has a $20k market cap, not BCN.

stslimited

hero member

Activity: 546

Merit: 500

what prevents Monero from following the same fate at bytecoin? ie a $20k market cap... they have the same number of atomic units after all

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Johnny Mnemonic on May 23, 2014, 07:40:34 PM

BCN was used on bytecoin.org before the bitcointalk thread was ever created. I was aware of bytecoin before DStrange announced it and I'm pretty sure the abbreviation existed.

The BCN abbreviation was not used prior to the first post on bct.

The first post by DStrange is I believe this one:

Quote from: DStrange on March 11, 2014, 11:37:18 AM

yes, but there is something strange in getting started section :

"4. Create a ByteCoin address to recieve payments.

Downloading the client & block chain: Download the ByteCoin client from here "

"here" is the link to https://bytecoin.org/ (is that official bytecoin site? pretty cool). But binaries for windows from bytecoin.org are not working!

Replying to that post, there is a post by someone else who includes a screen shot, and the screen shot shows BTE, not BCN.

Quote from: Lamalicious on March 11, 2014, 11:48:58 AM

Quote from: DStrange on March 11, 2014, 11:37:18 AM

"here" is the link to https://bytecoin.org/ (is that official bytecoin site? pretty cool).

Is that really new bytecoin site? What's happend to bytecoin.biz?

Moreover music is weird! Angry

The following day DStrange started a thread: https://bitcointalksearch.org/topic/bcn-bytecoin-secure-private-untraceable-since-2012-512747

Some time later (on or before 2014-04-30) the site was changed to use BCN:

https://web.archive.org/web/20140430023418/https://bytecoin.org/

We can't be 100% sure that the change was made after the thread post, since wayback is imprecise, but from this chronology it is likely.

ErrorId

full member

Activity: 133

Merit: 100

Sooo, what's on the roadmap for Monero for say the next 8 weeks? I know there's work being done on a more user friendly wallet and pools are still being worked on but what's on the menu other then that? Is there some sort of game plan?

Johnny Mnemonic

hero member

Activity: 795

Merit: 514

Quote from: eizh on May 23, 2014, 07:30:25 PM

Quote from: smooth on May 23, 2014, 06:33:28 PM

Quote from: equipoise on May 23, 2014, 04:39:41 PM

^Unicorns approaching... If you are a student with access to those scientific publications payed by the university, you'll be happy to sell them for 0.005 BTC - pure profit. This web site probably was made 1-2-3 months ago or maybe yesterday?

Sigh. Why is the level of critical thinking so low in this space. If someone has an incentive to do something (say pump a coin), you can't logically believe that anything they say is actually legitimate without some kind of evidence. Talk is cheap.

Absent evidence I would assume the site didn't exist before it was posted here.

(Not directed at you equipoise, I know you agree with me.)

I find it funny that "BCN" is used, even though that's a name bitcointalk came up with 2 months ago for this 2 year old currency. I'm sure it's just a coincidence. Wink

BCN was used on bytecoin.org before the bitcointalk thread was ever created. I was aware of bytecoin before DStrange announced it and I'm pretty sure the abbreviation existed.

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1946. (Read 4670562 times)