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Topic: [XMR] Monero Speculation - page 1729. (Read 3313576 times)

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
October 02, 2015, 12:28:17 AM

Maybe good start is this website which seems to be unbiased and compares different coins in therms of their launch:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

But still this is only one website. More research you must do probably.


Wow, that is a ton of information! Thank you for this! This will be my daily reading for this week, whenever I get the chance....


With Monero you can do the same intense investigation (as I and much smarter people have done).  You will find that as far as complaints against Monero itself, there are no substantial ones.  The launch and all major decisions were handled as fairly as possible by a slowly growing community on top of revolutionary technology.  The only *real* criticism I can think of is that no one really knows where the hell this "cryptonote" came from.  Despite some people trying to downplay how big of a deal cryptonote is (calling it simple and flawed code in its original form), it is obviously the culmination of a lot of talent and effort. 


Ok so I have one question for everyone here including you americanpegasus, I saw this in the link that owm123 posted above:

Quote
Monero will effectively mine out a lot of their currency relatively fast. As you can see from the mining data posted here, within one month the number of Monero generated decreased from 17.59 MRO to 16.85 MRO, a decrease of .76 MRO in a month. Obviously, there is a formula that determines the amount of MRO created and we shouldn't assume a purely linear relationship from here.

and

Quote
On one hand, a 4 year plan to produce 85% of the currency is waaaay better than 90% of the coins on this investigation. In comparison to bitcoin, we see that from its inception from January of 2009 to today, May of 2014 (roughly 5.5 years), bitcoin has produced around 60% of its expected coin totals 163). In that sense, Monero isn't too much of a divergence.

Why is this a good thing?  I would think that mining a currency would need to be a very low and steady thing over the course of time to always ensure miners that there will be profit to be made when mining coins... Why would you want to produce 85% of your coins in 4 years?  That doesn't make much sense to me.

Going off my recollection from a post from Fluffypony many months ago,  I believe it was designed to keep the market price low for entry--which seems to be working well. The tail emission keeps the miners rewarded.
full member
Activity: 168
Merit: 100
October 02, 2015, 12:23:07 AM
No, mining most in a few short years is bad. However, you misunderstand. The author is saying that, although not perfect, it is better than the other 90% of the shitcoins out there that are premined, instamined, and ninjamined. For example, shadowcash had POW for only TWO WEEKS before switching to POS. The mining lasted only 2 weeks until ALL the coins are mined. So, yeah 60% mined in 4 years is actually very good compared to this.


Maybe good start is this website which seems to be unbiased and compares different coins in therms of their launch:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

But still this is only one website. More research you must do probably.


Wow, that is a ton of information! Thank you for this! This will be my daily reading for this week, whenever I get the chance....


With Monero you can do the same intense investigation (as I and much smarter people have done).  You will find that as far as complaints against Monero itself, there are no substantial ones.  The launch and all major decisions were handled as fairly as possible by a slowly growing community on top of revolutionary technology.  The only *real* criticism I can think of is that no one really knows where the hell this "cryptonote" came from.  Despite some people trying to downplay how big of a deal cryptonote is (calling it simple and flawed code in its original form), it is obviously the culmination of a lot of talent and effort. 


Ok so I have one question for everyone here including you americanpegasus, I saw this in the link that owm123 posted above:

Quote
Monero will effectively mine out a lot of their currency relatively fast. As you can see from the mining data posted here, within one month the number of Monero generated decreased from 17.59 MRO to 16.85 MRO, a decrease of .76 MRO in a month. Obviously, there is a formula that determines the amount of MRO created and we shouldn't assume a purely linear relationship from here.

and

Quote
On one hand, a 4 year plan to produce 85% of the currency is waaaay better than 90% of the coins on this investigation. In comparison to bitcoin, we see that from its inception from January of 2009 to today, May of 2014 (roughly 5.5 years), bitcoin has produced around 60% of its expected coin totals 163). In that sense, Monero isn't too much of a divergence.

Why is this a good thing?  I would think that mining a currency would need to be a very low and steady thing over the course of time to always ensure miners that there will be profit to be made when mining coins... Why would you want to produce 85% of your coins in 4 years?  That doesn't make much sense to me.
full member
Activity: 201
Merit: 100
October 02, 2015, 12:20:39 AM
...
Why is this a good thing?  I would think that mining a currency would need to be a very low and steady thing over the course of time to always ensure miners that there will be profit to be made when mining coins... Why would you want to produce 85% of your coins in 4 years?  That doesn't make much sense to me.

Monero has a "tail emission" of 0.3 XMR.  So we will never be 100% fully mined.  The block rewards will slowly dwindle down to 0.3 and stay there forever.
hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
October 01, 2015, 11:52:31 PM

Maybe good start is this website which seems to be unbiased and compares different coins in therms of their launch:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

But still this is only one website. More research you must do probably.


Wow, that is a ton of information! Thank you for this! This will be my daily reading for this week, whenever I get the chance....


With Monero you can do the same intense investigation (as I and much smarter people have done).  You will find that as far as complaints against Monero itself, there are no substantial ones.  The launch and all major decisions were handled as fairly as possible by a slowly growing community on top of revolutionary technology.  The only *real* criticism I can think of is that no one really knows where the hell this "cryptonote" came from.  Despite some people trying to downplay how big of a deal cryptonote is (calling it simple and flawed code in its original form), it is obviously the culmination of a lot of talent and effort. 


Ok so I have one question for everyone here including you americanpegasus, I saw this in the link that owm123 posted above:

Quote
Monero will effectively mine out a lot of their currency relatively fast. As you can see from the mining data posted here, within one month the number of Monero generated decreased from 17.59 MRO to 16.85 MRO, a decrease of .76 MRO in a month. Obviously, there is a formula that determines the amount of MRO created and we shouldn't assume a purely linear relationship from here.

and

Quote
On one hand, a 4 year plan to produce 85% of the currency is waaaay better than 90% of the coins on this investigation. In comparison to bitcoin, we see that from its inception from January of 2009 to today, May of 2014 (roughly 5.5 years), bitcoin has produced around 60% of its expected coin totals 163). In that sense, Monero isn't too much of a divergence.

Why is this a good thing?  I would think that mining a currency would need to be a very low and steady thing over the course of time to always ensure miners that there will be profit to be made when mining coins... Why would you want to produce 85% of your coins in 4 years?  That doesn't make much sense to me.
hero member
Activity: 770
Merit: 504
October 01, 2015, 11:40:55 PM
Anyone releasing a crypto project with lofty claims will face a lot of opposition from intelligent minds. 
 
Sometimes they can generate temporary buzz while people figure out their bullshit, but they won't last.  Take for example VanillaCoin.  Initially the devs were throwing around lots of buzz words and razzle dazzle, convincing fools to part with their bitcoins.  It didn't take long before smart people (and smarter) began to take a closer look and found a mountain of irregularities, problems, and mathematical nonsense - all pointing to a definitive scam. 
 
With Monero you can do the same intense investigation (as I and much smarter people have done).  You will find that as far as complaints against Monero itself, there are no substantial ones.  The launch and all major decisions were handled as fairly as possible by a slowly growing community on top of revolutionary technology.  The only *real* criticism I can think of is that no one really knows where the hell this "cryptonote" came from.  Despite some people trying to downplay how big of a deal cryptonote is (calling it simple and flawed code in its original form), it is obviously the culmination of a lot of talent and effort. 
 
The good news is that we don't need to know much about the person who discovered/invented any technology or mathematical principle to use it effectively.  Take Calculus: All we need to know are the actual rules if we wish to put a man on the moon; knowledge of the person who wrote the rules doesn't change the fact that they work.   
 
This is the power of a global brain: once we have an idea, the idea itself is more important than the individual cell who thought of it.  Sure, you might not get all the same glory as the champion of the arena got back in the day, but the world you will share in will be a billion times brighter due to your sacrifice.
sr. member
Activity: 392
Merit: 250
October 01, 2015, 11:28:23 PM

Fully agree. Please dont jump and get hyped about any coin, because of some strangers in the internet. Take time and do plant of research and, before you start trowing many on any coin.

I guess the main question I would have now is, where would I go to do a non biased research on the coin I want to look further into?  It seems impossible to do this, especially with all of the information about cryptos being on the internet.  What made you feel strongly about Monero in the first place?  What makes you feel even more strongly about Monero now? I want to see for my self, but I would have no idea where to start.

Yes, its difficult to find un-biased source of information. Thus it takes time, to get to know a coin, its community, development, plans, history, etc. For example, if you interested in monero, search google, reddit, forums, etc for monero, and see what people write about it. Obviously you will find plenty of opposing opinions, so its up to you to decide at the end. So check opinions against monero, opinions supporting other coins, ask questions, etc. It takes time.

Maybe good start is this website which seems to be unbiased and compares different coins in therms of their launch:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

But still this is only one website. More research you must do probably.
legendary
Activity: 1256
Merit: 1009
October 01, 2015, 11:16:09 PM

Fully agree. Please dont jump and get hyped about any coin, because of some strangers in the internet. Take time and do plant of research and, before you start trowing many on any coin.

I guess the main question I would have now is, where would I go to do a non biased research on the coin I want to look further into?  It seems impossible to do this, especially with all of the information about cryptos being on the internet.  What made you feel strongly about Monero in the first place?  What makes you feel even more strongly about Monero now? I want to see for my self, but I would have no idea where to start.

Two things that help with all of the bullshit ...

1.  History.  Look into the origin of a coin.

2.  Followers.  (IE Bobsurplus vs tacotime)

hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
October 01, 2015, 11:02:29 PM

Fully agree. Please dont jump and get hyped about any coin, because of some strangers in the internet. Take time and do plant of research and, before you start trowing many on any coin.

I guess the main question I would have now is, where would I go to do a non biased research on the coin I want to look further into?  It seems impossible to do this, especially with all of the information about cryptos being on the internet.  What made you feel strongly about Monero in the first place?  What makes you feel even more strongly about Monero now? I want to see for my self, but I would have no idea where to start.
sr. member
Activity: 392
Merit: 250
October 01, 2015, 10:58:21 PM
Damn, that finished product looks insanely nice!

FYI there is code that implements it. What is missing is wiring up the UI to the back end (so for example when you click "send" it actually creates a transaction and transmits it). https://github.com/monero-project/monero-core

I'm surprised this thread has so many views and replies.

The reason is mostly consistent interest for 18 months. There are usually coins with more interest at any given time but they tend to burn out quickly.

However, regardless of what any of us say here you should do your own research and be skeptical of claims you read on the internet (or anywhere, but especially on the internet and especially on the internet related to cryptocurrencies).



Fully agree. Please dont jump and get hyped about any coin, because of some strangers in the internet. Take time and do plant of research and, before you start trowing many on any coin.
legendary
Activity: 2968
Merit: 1198
October 01, 2015, 10:33:47 PM
Idk about that, I don't have the slightest idea of what I could do to help Monero personally since I'm pretty much technologically handicapped when it comes to cryptography.

For the non-technical contributors, there are always things to do in terms of improving the web site, social media, creative marketing ideas, outreach to merchants, users, and opinion makers, etc. And also crowdfunding of various Monero-related projects which not only helps the projects but gives you a direct say in what projects get done.

However, as a new arrival I'd suggest that you simply learn as much as you can first, then decide how you can help Monero succeed.
hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
October 01, 2015, 10:22:26 PM


Damn, that finished product looks insanely nice! Going from the original GUI format to that in 1 year is lightning speed fast; so going off of what I've read and can remember off of reddit, the end product will come around next year during summer time? Is there an app with this type of wallet interface being developed as well?

I'm so glad one of my buddies recommended me to xmr... just bought my first 100 xmr tonight and going to be pumping as much extra cash into this as I can easily afford.  Hope this endeavor doesn't flop, I've read in a lot of places that it's pretty easy for alt coins to go to dust in a matter of seconds.  I don't think this will happen with the support of the xmr community though Grin

Welcome to the party! One of the main things keeping this from going to dust is everyone wanting it to be awesome. So, find a way that you can make monero awesome. It may take a while to figure out what *it* is, but there's probably something your good at that could greatly benefit Monero.

Thanks! I'll definitely be checking this thread more often now, and investing more time into xmr.

I absolutely agree with this. Everyone can contribute in some way! Decentralized currencies require decentralized leadership in all different areas.

Idk about that, I don't have the slightest idea of what I could do to help Monero personally since I'm pretty much technologically handicapped when it comes to cryptography.  Maybe I'll find my nitch somewhere in this area, but for now, I'll stick to earning cash with my regular job and switch all remaining funds I have left over besides bills and bar tabs Wink  But now that I think about it, it would be cool to come up with some sort of hobby that turns into a profit. I've been seeing all over this forum about people selling physical bitcoins, has there been a physical Monero coin yet? I like to build stuff in my spare time and wonder if making coins would be a good idea? Wouldn't have a clue of where to start, but it could be a nice side hobby of mine... If that doesn't work out, then I guess it would be a good way of having my own personal cold wallets to give me piece of mind about my monero funds.


However, regardless of what any of us say here you should do your own research and be skeptical of claims you read on the internet (or anywhere, but especially on the internet and especially on the internet related to cryptocurrencies).



Yeah, I'll definitely be researching a lot more... but I mean where else could you go when doing your research about cryptocurrencies, more specifically monero? A library? lol...

But from what my friend told me about the community and the few posts I've read on reddit (with the proper motivation given to me by americanpegassus) I've decided to put my small investment into xmr which won't hurt my bank account right now... and I mean who knows; I know if I had 100 BTC for the price of $0.40 right now, I'd be one happy SOB.
legendary
Activity: 2968
Merit: 1198
October 01, 2015, 10:05:08 PM
Damn, that finished product looks insanely nice!

FYI there is code that implements it. What is missing is wiring up the UI to the back end (so for example when you click "send" it actually creates a transaction and transmits it). https://github.com/monero-project/monero-core

I'm surprised this thread has so many views and replies.

The reason is mostly consistent interest for 18 months. There are usually coins with more interest at any given time but they tend to burn out quickly.

However, regardless of what any of us say here you should do your own research and be skeptical of claims you read on the internet (or anywhere, but especially on the internet and especially on the internet related to cryptocurrencies).

sr. member
Activity: 378
Merit: 250
October 01, 2015, 09:57:06 PM

Damn, that finished product looks insanely nice! Going from the original GUI format to that in 1 year is lightning speed fast; so going off of what I've read and can remember off of reddit, the end product will come around next year during summer time? Is there an app with this type of wallet interface being developed as well?

I'm so glad one of my buddies recommended me to xmr... just bought my first 100 xmr tonight and going to be pumping as much extra cash into this as I can easily afford.  Hope this endeavor doesn't flop, I've read in a lot of places that it's pretty easy for alt coins to go to dust in a matter of seconds.  I don't think this will happen with the support of the xmr community though Grin

Welcome to the party! One of the main things keeping this from going to dust is everyone wanting it to be awesome. So, find a way that you can make monero awesome. It may take a while to figure out what *it* is, but there's probably something your good at that could greatly benefit Monero.

I absolutely agree with this. Everyone can contribute in some way! Decentralized currencies require decentralized leadership in all different areas.
legendary
Activity: 1260
Merit: 1008
October 01, 2015, 09:44:25 PM
I'm going to sound like a total newb... but what exactly does a GUI do?  I looked it up on wikipedia and it tells me:

Quote
In computer science, a graphical user interface or GUI, pronounced /ˈɡuːi/ ("gooey")[1] is a type of interface that allows users to interact with electronic devices through graphical icons and visual indicators such as secondary notation, as opposed to text-based interfaces, typed command labels or text navigation. GUIs were introduced in reaction to the perceived steep learning curve of command-line interfaces (CLIs),[2][3][4] which require commands to be typed on the keyboard.

So if it is just using icons, what purpose does this have with monero; or any other crypto currency for that matter?  It seems like a really important factor to a coins success... and even though I've always looked over it for a short while when reading posts, now I would like to fully understand what it is, what it does, and why is it important for monero to have one.

At the moment, to use monero you need to use command line. For many, especially windows and mac users, this is not very intuitive and "easy" thing to do. Its easier to use graphical interface to operate your wallet

The monero designed wallet is here: https://imgur.com/a/ERheR
Its not yet ready.

Its important, because having graphical interface for monero software, would increase its adaptation and use. At the moment, many users avoid it due to being afraid of working with "difficult" command line.

Damn, that finished product looks insanely nice! Going from the original GUI format to that in 1 year is lightning speed fast; so going off of what I've read and can remember off of reddit, the end product will come around next year during summer time? Is there an app with this type of wallet interface being developed as well?

I'm so glad one of my buddies recommended me to xmr... just bought my first 100 xmr tonight and going to be pumping as much extra cash into this as I can easily afford.  Hope this endeavor doesn't flop, I've read in a lot of places that it's pretty easy for alt coins to go to dust in a matter of seconds.  I don't think this will happen with the support of the xmr community though Grin

Welcome to the party! One of the main things keeping this from going to dust is everyone wanting it to be awesome. So, find a way that you can make monero awesome. It may take a while to figure out what *it* is, but there's probably something your good at that could greatly benefit Monero.
hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
October 01, 2015, 09:38:24 PM
I'm going to sound like a total newb... but what exactly does a GUI do?  I looked it up on wikipedia and it tells me:

Quote
In computer science, a graphical user interface or GUI, pronounced /ˈɡuːi/ ("gooey")[1] is a type of interface that allows users to interact with electronic devices through graphical icons and visual indicators such as secondary notation, as opposed to text-based interfaces, typed command labels or text navigation. GUIs were introduced in reaction to the perceived steep learning curve of command-line interfaces (CLIs),[2][3][4] which require commands to be typed on the keyboard.

So if it is just using icons, what purpose does this have with monero; or any other crypto currency for that matter?  It seems like a really important factor to a coins success... and even though I've always looked over it for a short while when reading posts, now I would like to fully understand what it is, what it does, and why is it important for monero to have one.

At the moment, to use monero you need to use command line. For many, especially windows and mac users, this is not very intuitive and "easy" thing to do. Its easier to use graphical interface to operate your wallet

The monero designed wallet is here: https://imgur.com/a/ERheR
Its not yet ready.

Its important, because having graphical interface for monero software, would increase its adaptation and use. At the moment, many users avoid it due to being afraid of working with "difficult" command line.

Damn, that finished product looks insanely nice! Going from the original GUI format to that in 1 year is lightning speed fast; so going off of what I've read and can remember off of reddit, the end product will come around next year during summer time? Is there an app with this type of wallet interface being developed as well?

I'm so glad one of my buddies recommended me to xmr... just bought my first 100 xmr tonight and going to be pumping as much extra cash into this as I can easily afford.  Hope this endeavor doesn't flop, I've read in a lot of places that it's pretty easy for alt coins to go to dust in a matter of seconds.  I don't think this will happen with the support of the xmr community though Grin
sr. member
Activity: 392
Merit: 250
October 01, 2015, 09:15:04 PM
I'm going to sound like a total newb... but what exactly does a GUI do?  I looked it up on wikipedia and it tells me:

Quote
In computer science, a graphical user interface or GUI, pronounced /ˈɡuːi/ ("gooey")[1] is a type of interface that allows users to interact with electronic devices through graphical icons and visual indicators such as secondary notation, as opposed to text-based interfaces, typed command labels or text navigation. GUIs were introduced in reaction to the perceived steep learning curve of command-line interfaces (CLIs),[2][3][4] which require commands to be typed on the keyboard.

So if it is just using icons, what purpose does this have with monero; or any other crypto currency for that matter?  It seems like a really important factor to a coins success... and even though I've always looked over it for a short while when reading posts, now I would like to fully understand what it is, what it does, and why is it important for monero to have one.

At the moment, to use monero you need to use command line. For many, especially windows and mac users, this is not very intuitive and "easy" thing to do. Its easier to use graphical interface to operate your wallet

The monero designed wallet is here: https://imgur.com/a/ERheR
Its not yet ready.

Its important, because having graphical interface for monero software, would increase its adaptation and use. At the moment, many users avoid it due to being afraid of working with "difficult" command line.
hero member
Activity: 1874
Merit: 840
Keep what's important, and know who's your friend
October 01, 2015, 09:08:45 PM
I'm going to sound like a total newb... but what exactly does a GUI do?  I looked it up on wikipedia and it tells me:

Quote
In computer science, a graphical user interface or GUI, pronounced /ˈɡuːi/ ("gooey")[1] is a type of interface that allows users to interact with electronic devices through graphical icons and visual indicators such as secondary notation, as opposed to text-based interfaces, typed command labels or text navigation. GUIs were introduced in reaction to the perceived steep learning curve of command-line interfaces (CLIs),[2][3][4] which require commands to be typed on the keyboard.

So if it is just using icons, what purpose does this have with monero; or any other crypto currency for that matter?  It seems like a really important factor to a coins success... and even though I've always looked over it for a short while when reading posts, now I would like to fully understand what it is, what it does, and why is it important for monero to have one.
legendary
Activity: 1260
Merit: 1008
October 01, 2015, 08:55:05 PM
Man guys, i`m waiting for a long time for the monero wallet, when it will come out.

I dont want to sound like a 5 year old begging for a wallet, but really guys, its been alot of time since inception and still no user friendly wallet.

I dont see the price skyrocket anytime soon until this is not resolved

In a recent reddit thread, it was indicated (or speculated) that by the next summer:
https://www.reddit.com/r/Monero/comments/3ltrxt/its_happening_stepbystep_every_month_since_i/

Some member speculated that, it was just a wild guesstimate. My comment and fluffypony's reply is a bit more accurate -> https://www.reddit.com/r/Monero/comments/3ltrxt/its_happening_stepbystep_every_month_since_i/cv9biuo

Is this diagram up to date?: https://getmonero.org/design-goals/



Based on my knowledge, yes.
sr. member
Activity: 392
Merit: 250
October 01, 2015, 08:25:04 PM
Man guys, i`m waiting for a long time for the monero wallet, when it will come out.

I dont want to sound like a 5 year old begging for a wallet, but really guys, its been alot of time since inception and still no user friendly wallet.

I dont see the price skyrocket anytime soon until this is not resolved

In a recent reddit thread, it was indicated (or speculated) that by the next summer:
https://www.reddit.com/r/Monero/comments/3ltrxt/its_happening_stepbystep_every_month_since_i/

Some member speculated that, it was just a wild guesstimate. My comment and fluffypony's reply is a bit more accurate -> https://www.reddit.com/r/Monero/comments/3ltrxt/its_happening_stepbystep_every_month_since_i/cv9biuo

Is this diagram up to date?: https://getmonero.org/design-goals/

legendary
Activity: 2268
Merit: 1141
October 01, 2015, 05:51:35 PM
Man guys, i`m waiting for a long time for the monero wallet, when it will come out.

I dont want to sound like a 5 year old begging for a wallet, but really guys, its been alot of time since inception and still no user friendly wallet.

I dont see the price skyrocket anytime soon until this is not resolved

In a recent reddit thread, it was indicated (or speculated) that by the next summer:
https://www.reddit.com/r/Monero/comments/3ltrxt/its_happening_stepbystep_every_month_since_i/

Some member speculated that, it was just a wild guesstimate. My comment and fluffypony's reply is a bit more accurate -> https://www.reddit.com/r/Monero/comments/3ltrxt/its_happening_stepbystep_every_month_since_i/cv9biuo
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