Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 2089. (Read 4670972 times)

Your opinion doesn't really detract from nor justify the fact that the reason for the instamine was due to an incorrect coding of difficulty retargeting, something that would have been realized in a testnet if it had been in a testnet for even a day.

For a guy that took the time to put x11 together, who is so intent on doing everything himself, and so intent on using the testnet -- don't you think he'd want to spend at least a day on mining it before release?

I get that the amount is negligible to a lot of people, but what's not acceptable is that I just can't believe it was an accident. Great developer overall, and a great community . . but the jumpy decisions to tie up the supply in some kind of tax or cause shocks scared me away.

Hope nothing but growth for them, but I'm too scared to go back.

Launch issues were negligible in my eyes as far as DRK went because most miners didn't care anyway.  90% of them were out looking for another scrypt clone to point their GPUs at, CPU coins had a bit of a stigma about them at the time.  I don't claim to know what might have been, but considering DRK was trading at over .005 just a few days ago, I'd say the coin was a success despite launch issues, ninja launch etc.  As far as CryptoNote being a DRK killer I was just having the same conversation with someone else about that today, I totally agree that it has the potential for this.  I find this to be the most promising coin out there at the moment by an order of magnitude, not just in terms of price but also technologically it sets the bar much higher.

You can't just keep cloning shitcoins and expect them to go anywhere. This coin had a compelling purpose since BCN was ninja premined for 80%. There is no such advantage that another clone would have over this one. Stay here and mine. The reward curve is mostly flat now. In six months the current difficulty may look extremely low.

EDIT: In fact in six days the current difficulty may look extremely low.

The new windows binaries can finally find the GDP thing but still cant find the blockchain file=[?

Help

I have found 5 blocks now! Difficulty is way to high for me to continue mining any more though.

Someone let me know when another clone of this coin comes out. I want to get in on it right at launch.

1. How do you know the effect? What would have happened without the launch issues.

2. The future is still being written. CryptoNote has the potential to render DRK obsolete anyway. We'll see.

Well DRK was instamined 7% on the first day, I would argue this has a huge effect on its future.

It could and was argued that DRK gave early miners an unfair advantage, ninja launch etc.  but in the end had no effect on its future.

Yeah anything that's done will probably be slow like that. The leading idea of just making the reward bound at some minimum or perhaps slow to some minimum won't even kick in for years.

Can this be resolved with something like slowly moving the block target to 2 or 2.5 or x minutes over the course of a few years? At this point, it would probably be much more favorable to come up with long-term, barely visible solutions rather than shocks. I don't know the protocol though -- you guys do so I'm probably just making it harder than it needs to be. It sounds like you're in favor of somehting like this too.

I get what you're saying about ballot stuffing, lots of new accounts in this thread.

I understand the need to have a correction, but is there any way to cause it to appear as a crawl rather than a shock? I'd rather lose a miniscule amount every day rather than rip out a tooth all at once . . if possible.

Well the pool on the forum failed to get a majority but there is zero protection against ballot stuffing with newbie accounts so who knows what that really means. If we had a voting mechanism in the coin itself we could use that to get a more reliable vote, but we don't.

I do agree there is a widespread objection about either taking coins away or giving early miners an unfair advantage, so it likely best to just leave it the way it is and implement a longer term fix to the somewhat overly fast curve over the scale of years/decades as eizh mentioned.

Thanks eizh for explaining, I missed this news that this was what was decided.

The emission curve vote was rejected by a bit over 60% earlier when there were fewer people involved so it will fail by even larger margin now. The reason is simple: the OTC exchange has a pretty sizable volume and the amount of hardware dedicated to this coin is getting larger. Part of how people price the currency unit or decide how much hardware to dedicate to mining it is to compare the amounts they gain to the eventual maximum supply. Amount relative to current supply also matters, certainly even more, but it's undeniable that the former is involved. People have been making these decisions based on the current curve.

In order to fairly implement an emission curve change, we need to retroactively adjust everything mined up to that point. If we don't, it's an instamine where the early adopters changed the rules in the middle of the game to benefit themselves. But on the other hand, a retroactive adjustment means miners/buyers/sellers all made decisions on false information. This is why there were a lot of complaints about "taking my coins away" earlier.

So the most agreeable thing to do is to leave the curve as it is. About 8 years from now, we'll have a problem where the block reward is fairly small and miners don't mine for nothing. The solution to that is to implement a minimum subsidy. This would cause a sub-1% inflation that decreases over time and keeps miners happy to ensure network security. tacotime will probably implement this in hard fork in the near future.

Ok, I checked today and you are right. It does save automatically. I just saw the below message and I didn't type save this time.

2014-May-05 11:21:21.400675 [P2P8]Storing blockchain...
2014-May-05 11:21:22.418777 [P2P8]Blockchain stored OK.

Well I see it claiming to do so in the daemon output, but I'm on linux. Maybe that makes a difference, or maybe its not really saving it.

My windows computer automatically restarted itself last night for a windows update. The blockchain went back to when I manually saved it 10 hours ago so it doesn't seem to be saving. It only saves when you type "save" or "exit".

i have been reading this in some of the posts:
tft has left...
now that tft is gone...
tft left project....

there are so many threads regarding monero, bitmonero, bcn, that its hard to keep track whre i read it. last one was in emision curve i think.

- OSX binaries to be uploaded soon, check for a date change.

- Hashrate increase was for Windows binaries only. This new Linux version doesn't increase it.

- We'll wait on Noodle for the Windows. Currently what's on the OP is pre-0.8.6.

- Mega is working, just let it load for a minute or two.

I don't think anyone's addressed the emission curve. It's a tough issue and I'm glad it seems like everyone's decided to wait. With more people coming in over time, we'd get a better vote of what people want . . rather than prematurely deciding. I would think it will need to be addressed soon though, if it's going to happen.

Also, I don't know about tft. I would imagine he's reading the thread/irc often enough to hear the updates. Maybe posting under a different name? Maybe still contributing, quietly? It's too bad, he and amphibian seemed to have quite a bit to bring to the development of the coin. But the consensus was that not enough people wanted merge mining to make it a viable option for the coin.

I do hope tft returns to the community, at least actively. Fortunately we still have many very experienced, talented and driven people keeping up with development.

It seems HoneyPenny is implementing a merge-mining concept, so possibly they've paired up? There was a thread started for tft's/amphibian's fork, but it's been quiet for almost a week now.

When & where did TFT say he's no longer part of the project?