Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 853. (Read 4671660 times)

Interesting tweet:

https://twitter.com/petertoddbtc/status/622022840330682368

I encourage everyone to visit the getmonero forums

If you have a good idea, present it here:
https://forum.getmonero.org/6/ideas

If the community likes it, crowdfunding is possible!

Lots of good projects are already underway

This, but also since the reward declines with every block the fixed maintenance level won't be reached until well past 2016. Sometime around 7-8 years after launch I believe, although the exact date can't be determined in advance (due to slippage in the block rate and variable reward penalties).

The supply is unlimited and mining never stops. When the block reward reaches 0.3 XMR it will remain fixed at that amount.

In regards to mining, what happens when all blocks found? No more mining? New mining? Just playing around with a spreadsheet and it looks like sometime early 2016 we'll see all blocks found (assuming the current mining hashes).

The first step is admitting there's a problem.

Quoting out of context. Nice.

From reddit (https://www.reddit.com/r/Monero/comments/3difjo/call_for_participation_the_2015_digital_currency/):

Call for Participation: The 2015 Digital Currency Adoption Survey is now open! Saw it on /r/Bitcoin, Monero is one of the choices.




http://coinacademy.co/call-for-participation-the-2015-digital-currency-adoption-survey-is-now-open/

Survey -> http://digitalagencyasia.com/email-marketing/mailer/surveys.php?id=8

The first step is admitting there's a problem. More detailed reply from CH later. Perhaps I am a troll - I smell blood.

I'm pretty sure that RYS got various things wrong. When you don't have transparency, you can't get every detail right. What you can do is identify inconsistencies and implausibilities in the facts that you do have. That is exactly how fraud and other criminal investigations work in every single case. Crypto is no different.

BTW, RYS wasn't the first or only one to conclude that Bytecoin was fraudulent, he just did the most work to analyze and document the available evidence (and bring together the work of others), especially the forged white papers and the hosting and web-design linkages between the various shill coins. I guess he might have been motivated by his original discovery that their claim of a Princeton Professor being a team member to be false (which I had also determined). Professor David Anderson was responsible for analyzing the mining code and determining that it had been deliberately crippled. I determined that the claims of Cicada 3301 involvement were lies. Fluffypony rejected their claims of a deep web presence. Others made various observations about the scam too.

Only problem here is that for RYS's theory to hold water cryptonote.org would have to be complicit in the alleged "scam" since they acknowledge BCN's origin story. What you are therefor saying is that the "scammers" praised you. unlikely.

maybe RYS got it wrong about cryptonote.org?

No, there are some coming up, but don't know the exact release date. I know this because I transcribed one of them. Furthermore, I think we deviated from the Monday and weekly schedule a bit, so just be patient for a while and a new missive will pop up soon!

I disagree with you on this. There is negligible meaningful innovation going on there. You see things like wallets supporting multiple color schemes, half-baked multisig schemes that are incompatible with the primary feature of the coin (ring signature mixing), and claims of support for high-TPS payment processing for e-commerce when there is in fact zero e-commerce going on using the coin and little to no realistic possibility of there every being any, certainly not any requiring a high TPS (which even Bitcoin doesn't reach and any alt is orders of magnitude smaller). All of which makes it quite clear "features" like these are really just hype for pumping.

I understand it is very difficult for people who don't have a technical background to judge what is actual sustantial R&D and what is fraudulent or hype for pumping. If you don't want to rely on me, or rethink-your-strategy, or Professor David Anderson, or Noodle Doodle, or others who have actually looked at all this carefully and have the required technology knowledge and understanding to evaluate what they see, you should find some trusted advisors with the necessary expertise to guide you. Right now you are just drifting aimlessly.


I think you are quite confused about where the meaningful work is being done, and where there is a just a bunch of hype about reshuffling of code and pointless nonsense.

Bytecoin: 64 commits

Monero: 1034 commits (not including work on developer forks that isn't merged yet).

Monero core and community innovations over the past year:
1. Electrum seed wallets
2. Optimized (and documented) proof-of-work algorithm
3. Database implementation with negligible memory requirements
4. 32-bit support and fixes, including embedded platforms like RPi2
5. 5+ third party GUI wallets
6. Merchant framework
7. MyMonero web wallet with client-side javascript cryptography and private keys never sent to the server
8. GUI skeleton
9. Portable compact blockchain format.
10. Integrated addresses (no more payment IDs for routine transactions!)
11. Several MRL white papers analyzing and improving anonymity.
12. High level Python implementation of crypto for research
13. Watch only (view key) wallets.

In progress:
1. Smart mining
2. Non-retarded APIs
3. Improved difficulty retargeting
4. Improved privacy of transaction amounts
5. Multisig compatible with ring sigs
6. Rolling hard fork deployment scheme

I'm probably (almost certainly) forgetting some on both lists, but you get the point already.

Finally, you are still assuming that the people working on Bytecoin now have anything to do with the original innovation, which is not clear at all.

If we believe everything that Cryptonote has said, the Bytecoin group split off because they wanted to launch a coin (which they did fraudulently, but it doesn't really matter if you believe that, or prefer the Tooth Fairly explanation of a coin that existed for years in the deep web that no one, including avid deep web users and experts, had ever heard of) and the original Cryptonote people who designed everything did not but were more interested in promoting the technology and getting others (e.g. Monero) using it and developing on top of it. How else do you explain the cryptonote starter kit (https://cryptonotestarter.org) they released last year?

As far as I can tell from their statements, Monero is doing exactly what the inventors and developers of the original technology (i.e. the "innovation" you are so obsessed about) wanted done. The Bytecoin scammers, not so much.

It seems the trolls did not got the memo, Cryptonote already acknowledged the progress Monero did. Considering how it pretty much saved the technology from a worst-case scenario: a slow fading into nothingness caused by a publicly outcry about the weird timestamps on the whitepaper and BCN promiscuous premine.



https://cryptonote.org/coins/

"I dunno… Bitcoin has survived a disappearing dev, a silk road and a mt gox. perhaps with truly innovative coins more leeway is granted."   
 
None of those compromised the coin tech or distribution itself.  Bytecoin is fundamentally broken, and with a name like Bytecoin it can only play second slave to bitcoin.  (it's like chess and checkers, they'll say)   
 
Monero has a real chance to do the unthinkable...  Actually become the #1 crypto by 2020.  So much so that /r/Bitcoin has already reached Jimmy Rustle Status Bravo over it.  Only Dogecoin managed to get them to Charlie, and I think we will go all the way.

^^Never mind^^

So are the Missives gone and completely dried up?  

@harold, thanks bro!! I'd nearly forgotten about all the bytecoin stink, so thanks for reminding me (and many others). I almost bought some BCN on poloniex, then I read your analysis just now and thought better of it.

Don't you go anywhere ya hear, XMR needs honest debate and discussion, and you're currently providing that

If you really think that, you should prepare to be gobsmacked. And if you don't know why, I'm not telling you either.