[XMR] Monero - A secure, private, untraceable cryptocurrency - page 900.

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: mrkavasaki on June 06, 2015, 09:27:54 AM

Quote from: generalizethis on June 06, 2015, 07:07:32 AM

Plot of The Social Network: taking an idea that's been done (Friendster, Myspace) and borrowing a tweak of that idea (Harvard Connection) and building it into a scalable machine that will change the way the world works (Facebook).

And now they compare Facebook with monero... Cheesy

I'm not a royal "they," but if the plot fits....

mrkavasaki

hero member

Activity: 888

Merit: 500

Quote from: generalizethis on June 06, 2015, 07:07:32 AM

Plot of The Social Network: taking an idea that's been done (Friendster, Myspace) and borrowing a tweak of that idea (Harvard Connection) and building it into a scalable machine that will change the way the world works (Facebook).

And now they compare Facebook with monero... Cheesy

BlockchainBoss

newbie

Activity: 26

Merit: 0

Quote from: luigi1111 on June 05, 2015, 11:48:52 PM

Quote from: BlockchainBoss on June 05, 2015, 10:38:26 PM

Any updates on Monero support for Trezor?

https://forum.getmonero.org/8/funding-required/261/monero-support-for-trezor

https://forum.getmonero.org/9/work-in-progress/265/adding-monero-support-for-trezor

Ah, I see the order of updates now. Thanks.

The last progress post was from May 31.

Glad to see the ball is still rolling.

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Plot of The Social Network: taking an idea that's been done (Friendster, Myspace) and borrowing a tweak of that idea (Harvard Connection) and building it into a scalable machine that will change the way the world works (Facebook).

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: GingerAle on June 05, 2015, 01:27:31 PM

Quote from: primer- on June 05, 2015, 01:13:56 PM

We are no longer in double digits, welcome 9xmr block reward!!

Hooray crossover!!!!

Rocket train leaving astro-station, next stop Moonbase Alpha.

Welcome aboard primer. Nice to have another 'no better friend, no worse enemy' type to keep me company. Cool

luigi1111

legendary

Activity: 1105

Merit: 1000

Quote from: BlockchainBoss on June 05, 2015, 10:38:26 PM

Any updates on Monero support for Trezor?

https://forum.getmonero.org/8/funding-required/261/monero-support-for-trezor

https://forum.getmonero.org/9/work-in-progress/265/adding-monero-support-for-trezor

BlockchainBoss

newbie

Activity: 26

Merit: 0

Any updates on Monero support for Trezor?

https://forum.getmonero.org/8/funding-required/261/monero-support-for-trezor

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Adaptive limits is a core feature of Monero; however it is not one that has had a lot of attention in the Monero community. The issue of the fixed blocksize limit has been festering in the Bitcoin community since 2010. It has been and still is my single biggest concern I have with Bitcoin. I found out about Monero while researching this issue back in 2014, and it is one of the main reasons why I invested in Monero. I was not involved in alt-coins at all other than Namecoin which I obtained as a by product of Bitcoin mining.

The reality is that there is not really any practical alternative to Monero for someone who is looking at an alt-coin to hedge against this issue in Bitcoin. The only other POW alt-coin ahead of Monero in capitalization that deals with this issue is Bytecoin and we all know the problems with Bytecoin.

I leave it to the reader to determine would could happen if even a a very small fraction of the current funds in Bitcoin decide to follow in my footsteps.

btell

member

Activity: 119

Merit: 10

Quote from: GingerAle on June 05, 2015, 12:43:37 PM

Quote from: florida.haunted on June 05, 2015, 12:35:52 PM

Quote from: binaryFate on June 05, 2015, 12:20:19 PM

Quote from: florida.haunted on June 05, 2015, 11:44:16 AM

I've just read BREAKING NEWS at

https://bitcointalksearch.org/topic/breaking-satoshi-loyalists-upgrade-to-bitcoin-xt-before-deadline-1077792

. Dear Monero core devs, can you describe whether Monero is affected by the same block size dilemma, as Bitcoin? Or Monero block size is being automatically adjusted by its source code?

No Monero isn't subject to this drama, neither now nor in the future, because it doesn't use a hardcoded value but an adaptive rule to adjust the block size. For some people it is a major advantage, even more so than the privacy features.

Undeniably it is a shinning aspect, especially now that prominent Bitcoin people are basically re-inventing the exact same mechanism to apply to Bitcoin...
See for instance:
http://www.reddit.com/r/Bitcoin/comments/389pq6/elastic_block_cap_with_rollover_penalties_my/crts1do
https://bitcointalksearch.org/topic/m.11520295
http://www.reddit.com/r/Bitcoin/comments/38fmra/max_block_size_2_average_size_of_last_144_blocks/crv4fcm

Exellent if so. Hope fluffypony will confirm this. It's a good oportunity for Monero to be PR'ed, because it's a great advantage over not only Bitcoin, bit I suppose, many Bitcoin forks.

no need - its everywhere. Monero is an evolution of cryptonote... all cryptonote coins by design have adaptive limits:

https://cryptonote.org/inside#adaptive-limits

Quote

Adaptive limits
A decentralized payment system must not depend on a single person's decisions, even if this person is a core developer. Hard constants and magic numbers in the code deter the system's evolution and therefore should be eliminated (or at least be cut down to the minimum). Every crucial limit (like max block size or min fee amount) should be re-calculated based on the system's previous state. Therefore, it always changes adaptively and independently, allowing the network to develop on it's own.
CryptoNote has the following parameters which adjust automatically for each new block:
1) Difficulty. The general idea of our algorithm is to sum all the work that nodes have performed during the last 720 blocks and divide it by the time they have spent to accomplish it. The measure of the work is the corresponding difficulty value for each of the blocks. The time is calculated as follows: sort all the 720 timestamps and cut-off 20% of the outliers. The range of the rest 600 values is the time which was spent for 80% of the corresponding blocks.
2) Max block size. Let MN be the median value of the last N blocks sizes. Then the "hard-limit" for the size of accepting blocks is 2*MN. It averts blockchain bloating but still allows the limit to slowly grow with the time if necessary. Transaction size does not need to be limited explicitly. It is bounded by the size of the block.

Very nice. I keep all the quotations. My opinion we may accept the point that let's keep Bitcoin block size small to prevent hard fork. So Bitcoin stays stable and standard, but disadvantage is - it will be suitable for large transactions or transactions with large fees only. For all other purposes you can use Monero. You see, both Bitcoin and Monero will occupate their own niches.

As I can see Bitcoin technology has many historical disadvantages, and block size is just one of them. But advantage of Bitcoin is that it has been proven by time and by millions of users. So we must avoid hard forks in Bitcoin, as well as ANY "great" movements.

MalMen

member

Activity: 95

Merit: 10

wow, wasnt expecting this... great news, we are maturing

shitaifan2013

legendary

Activity: 874

Merit: 1000

monero

Quote from: binaryFate on June 05, 2015, 01:29:12 PM

Such historical

someone is celebrating with big buys on poloniex Cheesy

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Such historical

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: primer- on June 05, 2015, 01:13:56 PM

We are no longer in double digits, welcome 9xmr block reward!!

Hooray crossover!!!!

primer-

legendary

Activity: 1092

Merit: 1000

We are no longer in double digits, welcome 9xmr block reward!!

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: florida.haunted on June 05, 2015, 12:35:52 PM

Quote from: binaryFate on June 05, 2015, 12:20:19 PM

Quote from: florida.haunted on June 05, 2015, 11:44:16 AM

I've just read BREAKING NEWS at

https://bitcointalksearch.org/topic/breaking-satoshi-loyalists-upgrade-to-bitcoin-xt-before-deadline-1077792

. Dear Monero core devs, can you describe whether Monero is affected by the same block size dilemma, as Bitcoin? Or Monero block size is being automatically adjusted by its source code?

No Monero isn't subject to this drama, neither now nor in the future, because it doesn't use a hardcoded value but an adaptive rule to adjust the block size. For some people it is a major advantage, even more so than the privacy features.

Undeniably it is a shinning aspect, especially now that prominent Bitcoin people are basically re-inventing the exact same mechanism to apply to Bitcoin...
See for instance:
http://www.reddit.com/r/Bitcoin/comments/389pq6/elastic_block_cap_with_rollover_penalties_my/crts1do
https://bitcointalksearch.org/topic/m.11520295
http://www.reddit.com/r/Bitcoin/comments/38fmra/max_block_size_2_average_size_of_last_144_blocks/crv4fcm

Exellent if so. Hope fluffypony will confirm this. It's a good oportunity for Monero to be PR'ed, because it's a great advantage over not only Bitcoin, bit I suppose, many Bitcoin forks.

no need - its everywhere. Monero is an evolution of cryptonote... all cryptonote coins by design have adaptive limits:

https://cryptonote.org/inside#adaptive-limits

Quote

Adaptive limits
A decentralized payment system must not depend on a single person's decisions, even if this person is a core developer. Hard constants and magic numbers in the code deter the system's evolution and therefore should be eliminated (or at least be cut down to the minimum). Every crucial limit (like max block size or min fee amount) should be re-calculated based on the system's previous state. Therefore, it always changes adaptively and independently, allowing the network to develop on it's own.
CryptoNote has the following parameters which adjust automatically for each new block:
1) Difficulty. The general idea of our algorithm is to sum all the work that nodes have performed during the last 720 blocks and divide it by the time they have spent to accomplish it. The measure of the work is the corresponding difficulty value for each of the blocks. The time is calculated as follows: sort all the 720 timestamps and cut-off 20% of the outliers. The range of the rest 600 values is the time which was spent for 80% of the corresponding blocks.
2) Max block size. Let MN be the median value of the last N blocks sizes. Then the "hard-limit" for the size of accepting blocks is 2*MN. It averts blockchain bloating but still allows the limit to slowly grow with the time if necessary. Transaction size does not need to be limited explicitly. It is bounded by the size of the block.

florida.haunted

full member

Activity: 243

Merit: 125

Quote from: binaryFate on June 05, 2015, 12:20:19 PM

Quote from: florida.haunted on June 05, 2015, 11:44:16 AM

I've just read BREAKING NEWS at

https://bitcointalksearch.org/topic/breaking-satoshi-loyalists-upgrade-to-bitcoin-xt-before-deadline-1077792

. Dear Monero core devs, can you describe whether Monero is affected by the same block size dilemma, as Bitcoin? Or Monero block size is being automatically adjusted by its source code?

No Monero isn't subject to this drama, neither now nor in the future, because it doesn't use a hardcoded value but an adaptive rule to adjust the block size. For some people it is a major advantage, even more so than the privacy features.

Undeniably it is a shinning aspect, especially now that prominent Bitcoin people are basically re-inventing the exact same mechanism to apply to Bitcoin...
See for instance:
http://www.reddit.com/r/Bitcoin/comments/389pq6/elastic_block_cap_with_rollover_penalties_my/crts1do
https://bitcointalksearch.org/topic/m.11520295
http://www.reddit.com/r/Bitcoin/comments/38fmra/max_block_size_2_average_size_of_last_144_blocks/crv4fcm

Exellent if so. Hope fluffypony will confirm this. It's a good oportunity for Monero to be PR'ed, because it's a great advantage over not only Bitcoin, bit I suppose, many Bitcoin forks.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

Quote from: florida.haunted on June 05, 2015, 11:44:16 AM

I've just read BREAKING NEWS at

https://bitcointalksearch.org/topic/breaking-satoshi-loyalists-upgrade-to-bitcoin-xt-before-deadline-1077792

. Dear Monero core devs, can you describe whether Monero is affected by the same block size dilemma, as Bitcoin? Or Monero block size is being automatically adjusted by its source code?

No Monero isn't subject to this drama, neither now nor in the future, because it doesn't use a hardcoded value but an adaptive rule to adjust the block size. For some people it is a major advantage, even more so than the privacy features.

Undeniably it is a shinning aspect, especially now that prominent Bitcoin people are basically re-inventing the exact same mechanism to apply to Bitcoin...
See for instance:
http://www.reddit.com/r/Bitcoin/comments/389pq6/elastic_block_cap_with_rollover_penalties_my/crts1do
https://bitcointalksearch.org/topic/m.11520295
http://www.reddit.com/r/Bitcoin/comments/38fmra/max_block_size_2_average_size_of_last_144_blocks/crv4fcm

florida.haunted

full member

Activity: 243

Merit: 125

I've just read BREAKING NEWS at

https://bitcointalksearch.org/topic/breaking-satoshi-loyalists-upgrade-to-bitcoin-xt-before-deadline-1077792

. Dear Monero core devs, can you describe whether Monero is affected by the same block size dilemma, as Bitcoin? Or Monero block size is being automatically adjusted by its source code?

shitaifan2013

legendary

Activity: 874

Merit: 1000

monero

Quote from: sasha35625 on June 05, 2015, 10:18:39 AM

Monero is a part of top20 altcoin index Coinoindex.com

The index includes top 20 alternative cryptocurrencies with largest capitalization and tracks the value of the portfolio (in BTC) in which each coin has a 5% share.
The index was created to be an analogue of Dow-Jones or S&P indexes for the altcoins arena.

Rules of index composition:
- Coin should be traded at at least three exchanges, with cumulative daily volume above $1,000 for last 14 days
- Coins that track a value of a certain asset (USD, CNY etc) cannot be included.
- Each coin in included in the portfolio with the same weight.

You can invest in the index by using NXT Asset Exchange, NXT Asset ID 13634675574519917918

Asset tracks the index value, and constant buy/sell liquidity is maintained.
You can invest using NXT cryptocurrency (you can exchange BTC to NXT directly in the NXT client from http://multigateway.org/ or at http://coinomat.com) or BTC at https://trade.secureae.com/

http://coinoindex.com - Cryptocurrency Industrial Average

thx for the notification.

btw nushares is listed twice under the "current portfolio composition" Wink

sasha35625

hero member

Activity: 589

Merit: 507

Monero is a part of top20 altcoin index Coinoindex.com

The index includes top 20 alternative cryptocurrencies with largest capitalization and tracks the value of the portfolio (in BTC) in which each coin has a 5% share.
The index was created to be an analogue of Dow-Jones or S&P indexes for the altcoins arena.

Rules of index composition:
- Coin should be traded at at least three exchanges, with cumulative daily volume above $1,000 for last 14 days
- Coins that track a value of a certain asset (USD, CNY etc) cannot be included.
- Each coin in included in the portfolio with the same weight.

You can invest in the index by using NXT Asset Exchange, NXT Asset ID 13634675574519917918

Asset tracks the index value, and constant buy/sell liquidity is maintained.
You can invest using NXT cryptocurrency (you can exchange BTC to NXT directly in the NXT client from http://multigateway.org/ or at http://coinomat.com) or BTC at https://trade.secureae.com/

http://coinoindex.com - Cryptocurrency Industrial Average

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