[XMR] Monero Speculation - page 124.

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: joroz on November 12, 2019, 12:11:08 AM

Quote from: dEBRUYNE on November 11, 2019, 01:45:30 PM

Quote from: BldSwtTrs on November 11, 2019, 08:08:42 AM

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.

That's the intent, i.e., the current 'contingency' plan is to switch to an ASIC friendly algorithm (such as SHA3) in case of a RandomX failure.

Has the SHA3 algorithm been developed and is it ready for deployment?

If not, then it’s not a contingency plan.

Yeah, its been around awhile.

Quote

released by NIST on August 5, 2015

https://en.wikipedia.org/wiki/SHA-3

joroz

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Quote from: dEBRUYNE on November 11, 2019, 01:45:30 PM

Quote from: BldSwtTrs on November 11, 2019, 08:08:42 AM

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.

That's the intent, i.e., the current 'contingency' plan is to switch to an ASIC friendly algorithm (such as SHA3) in case of a RandomX failure.

Has the SHA3 algorithm been developed and is it ready for deployment?

If not, then it’s not a contingency plan.

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: dEBRUYNE on November 11, 2019, 01:45:30 PM

Quote from: BldSwtTrs on November 11, 2019, 08:08:42 AM

An article worth reading reading Coinbase's view of Proof of Work:
https://blog.coinbase.com/how-coinbase-views-proof-of-work-security-f4ba1a139da0

"Claim one: It is a security feature for a particular coin’s mining operations to be the dominant application of the hardware used to mine that coin."

If this statement is correct, and I think it is, then the whole XMR's strategy of forking the hashing algorithm to foster CPU mining is unintelligent.

You can read my response to the article here:

https://www.reddit.com/r/Monero/comments/du2m7i/coinbase_blog_criticizes_monero_pow_philosophy/f71lt09/

Quote from: BldSwtTrs on November 11, 2019, 08:08:42 AM

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.

That's the intent, i.e., the current 'contingency' plan is to switch to an ASIC friendly algorithm (such as SHA3) in case of a RandomX failure.

I havn't read that article and won't bother but one thing I think is over looked is that botnets are a net plus for securing the Monero eco system and we will lose them with sha3. Or a large portion of them I would think.

dEBRUYNE

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Quote from: BldSwtTrs on November 11, 2019, 08:08:42 AM

An article worth reading reading Coinbase's view of Proof of Work:
https://blog.coinbase.com/how-coinbase-views-proof-of-work-security-f4ba1a139da0

"Claim one: It is a security feature for a particular coin’s mining operations to be the dominant application of the hardware used to mine that coin."

If this statement is correct, and I think it is, then the whole XMR's strategy of forking the hashing algorithm to foster CPU mining is unintelligent.

You can read my response to the article here:

https://www.reddit.com/r/Monero/comments/du2m7i/coinbase_blog_criticizes_monero_pow_philosophy/f71lt09/

Quote from: BldSwtTrs on November 11, 2019, 08:08:42 AM

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.

That's the intent, i.e., the current 'contingency' plan is to switch to an ASIC friendly algorithm (such as SHA3) in case of a RandomX failure.

dEBRUYNE

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CLI v0.15.0.0 'Carbon Chamaeleon' released!

https://www.reddit.com/r/Monero/comments/dtt2j3/cli_v01500_carbon_chamaeleon_released/

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: cAPSLOCK on November 11, 2019, 09:36:34 AM

Quote from: BldSwtTrs on November 11, 2019, 08:08:42 AM

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.

I am pretty sure that is explicitly the plan, if you are right. I believe Ricardo Spagni agrees with you on this and wanted to just do SHA3. But the community went with one more shot at ASIC resistance. But I think the plan is if this does not achieve it then we are going to stop trying.

Yup, old news but then again look at what the source is. Lol

To be fair, I wouldn't even waste a second reading a coinbase blog but there is no way it has Monero's interest at heart no matter what it says.

cAPSLOCK

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Note the unconventional cAPITALIZATION!

Quote from: BldSwtTrs on November 11, 2019, 08:08:42 AM

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.

I am pretty sure that is explicitly the plan, if you are right. I believe Ricardo Spagni agrees with you on this and wanted to just do SHA3. But the community went with one more shot at ASIC resistance. But I think the plan is if this does not achieve it then we are going to stop trying.

BldSwtTrs

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An article worth reading reading Coinbase's view of Proof of Work:
https://blog.coinbase.com/how-coinbase-views-proof-of-work-security-f4ba1a139da0

"Claim one: It is a security feature for a particular coin’s mining operations to be the dominant application of the hardware used to mine that coin."

If this statement is correct, and I think it is, then the whole XMR's strategy of forking the hashing algorithm to foster CPU mining is unintelligent.

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.

smooth

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@qwizzle if you have a beef with Febo, that's still not relevant to this thread (maybe take it up with forum mods if you think he is violating some rule). In any case, please take it elsewhere.

Globb0

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Free spirit

Is dark coin a competing product with all its bs? pah

phishead

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Keep what's important, and know who's your friend

Quote from: qwizzie on November 07, 2019, 12:51:42 PM

Quote from: Febo on November 07, 2019, 12:34:04 PM

Please keep Bitcoin clones and forks discussions in appropriate threads. This thread is about fungible opaque ledger digital cash.

So do you feel insecure about Monero's price and is that the reason you are now trolling other crypto projects ? Or is it just a hobby of yours ? I'm just curious.
I'm gonna leave it at this though, i just want to show you guys the Febo we know (the one that trolls the Dash Announcements thread).

Link : https://bitcointalksearch.org/topic/m.53012385

Its not a very pleasant Febo.

Happy speculating in here..

How about we speculate why you are speculating about Febo’s speculations so much?

Tongue

Edit: oh by the way, with open sourced projects people can say or do whatever they want. I speculate that part makes you uncomfortable... but idk, just speculating out loud here.. let’s chat about that. How’s your masternodes holding up?

mich

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Monero (XMR) Records 8% Hike Since the Last Week

https://www.namecoinnews.com/monero-xmr-records-8-hike-since-the-last-week/

qwizzie

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Quote from: Febo on November 07, 2019, 12:34:04 PM

Please keep Bitcoin clones and forks discussions in appropriate threads. This thread is about fungible opaque ledger digital cash.

So do you feel insecure about Monero's price and is that the reason you are now trolling other crypto projects ? Or is it just a hobby of yours ? I'm just curious.
I'm gonna leave it at this though, i just want to show you guys the Febo we know (the one that trolls the Dash Announcements thread).

Link : https://bitcointalksearch.org/topic/m.53012385

Its not a very pleasant Febo.

Happy speculating in here..

Febo

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Quote from: NeironixNV on November 05, 2019, 02:59:07 AM

What do you guys think? Anonymous coins will grow in price, because in the future cryptocurrency will go into the legal framework and all adequate exchanges will delete such projects.

I dont know about price but there is no reason any exchange will delete anything. Opaque ledger cryptocurrencies are needed for people, companies and governments. All will use them.

Quote from: qwizzie on November 07, 2019, 11:25:45 AM

Looks like one of your trolls got lost and ended up trolling in our Dash Announcements thread,

Please keep Bitcoin clones and forks discussions in appropriate threads. This thread is about fungible opaque ledger digital cash.

Hueristic

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Doomed to see the future and unable to prevent it

i was watching a Panorama episode on Dubai linked gold money laundering from the eu and it got me to thinking of the new addition to Dubai exchanges. I'm not sure how this will effect prices if those launderers start using Monero? Will it dump prices as they take the loss to wash funds or will they hold coins and drive the price up?

I would recommend no-one sell for the next few months until we know how this will effect the eco-system.

Darooghe

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To be honest, Monero is almost the same with Bitcoin but it has a much smaller network than Bitcoin. the difference is that Monero is more private ,fungible and untraceable than Bitcoin. however monero has changed in incredible and positive ways, suffering none of the political blight which has afflicted Bitcoin. As long as this continues, the future for Monero is extremely bright. in my opinion, for investment best is 50% Bitcoin and 50% Altcoin and it's not so risky. Actually Monero still a good buy due to all the Altcoin is on dip right now. definitely a good buy before Alt season and buying it on higher price.

qwizzie

legendary

Activity: 2548

Merit: 1245

Looks like one of your trolls got lost and ended up trolling in our Dash Announcements thread, so i took it upon myself to return him to you guys. May i suggest you send him to bed without dinner Roll Eyes

I guess the saying 'Once a troll, always a troll' has some merit after all.

Question : could this trolling be related to Febo feeling insecure about Monero's current price and therefore feeling pressured to troll other crypto projects (again) ?
Or is it just in such a person's nature to troll like that ? What do you guys think ? Lets speculate...

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: NeuroticFish on November 06, 2019, 03:03:32 PM

Quote from: Hueristic on November 05, 2019, 01:17:30 PM

now how to get those moronic Bcrap holders to understand that Monero exists and what Monero is?

Well, that could be also simple, but we face a problem..... So it may not be easy to reach them.

I missed the simple part. Tongue

NeuroticFish

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Quote from: Hueristic on November 05, 2019, 01:17:30 PM

now how to get those moronic Bcrap holders to understand that Monero exists and what Monero is?

Well, that could be also simple, but we face a problem.
I guess that Ver has invested quite some funds (and influence) to advertise his coin and convince certain businesses to accept his coin (and maybe even offer better terms for his coin than proper Bitcoin).
So those noobs have fallen for the advertising (it doesn't matter here how false it was). That's what they understand. Advertising. (simple)
But.. (problem) : Monero doesn't do much advertising (if it does at all). So it may not be easy to reach them.

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: joroz on November 06, 2019, 02:07:59 AM

Quote from: Hueristic on November 05, 2019, 01:47:18 PM

The New York AG has a hard on for prosecuting crypto crimes these days so maybe?

Let’s not stoop that low. They listed Monero and now you want to call the NYAG on them?

Fraud is fraud, whether they are good for us or not they are still a scam site misusing the bitcoin brand.

I have always wanted then to lose the bitcoin domain as that is not what they are shilling.

I'm sorry if i don't look the other way just because it may benefit me.

Quote from: tokeweed on November 06, 2019, 10:11:14 AM

What foundation? And who owns the Bitcoin trade mark or whatever... Nobody. And I'm pretty sure the Bcash guy already has the lawyers to cover all his bases.

Bitcoin foundation handles branding/legal as far as I know, correct?

Topic: [XMR] Monero Speculation - page 124. (Read 3314316 times)