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TokenClub Bi-Weekly Report — Issue 114(5.4–5.17)

TokenClub Bi-Weekly Report — Issue 114(5.4–5.17)

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Hello everyone, thank you for your continued interest and support. In the past two weeks, various tasks of TokenClub have been progressing steadily. The product development and community operation progress this week are as follows:
1. TokenClub Events
1)Binance blockchain live streaming program “Block 101” joins TokenClub APP
TokenClub teamed up with Binance “Block 101” to host a series of live broadcast events. In the past two weeks, the big brothers such as the CEO of Feixin, Cobo co-founder Shenyu, and IOST co-founder Terry visited the TokenClub live broadcast room. See live summary. “Block 101” is a live broadcast of dialogues launched by Binance New Media Marketing Team, hosted by Jiayi, Anna, Liuliu, Yingge, Sisi, Qiqi, Doris, etc. Here will invite entrepreneurs in the industry, investment giants, opinion leaders, trading bulls or ordinary people with stories. Every Monday to Friday, with you in the TokenClub live room.

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2)Participate in poster forwarding, draw red envelope prize
When Bitcoin halves, TokenClub launches a poster forwarding red envelope campaign. On the day of the event, forward the poster to Twitter and the telegram group, and upload a screenshot to have the opportunity to extract the TCT red envelope award ~



3)Participate in live streaming interactive questions and win mysterious gift events
From May 11th to May 15th, TokenClub launched a live question and prize draw event. During the event, watch the block 101 live broadcast and interact with questions during the live broadcast, you will have the opportunity to get a mysterious gift from TokenClub.


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3)TokenClub’s self-media Bilaoye was invited to participate in AMA
a. On May 7th,Bilaoye was invited by UPChain to conduct an AMA with the theme of “Half Countdown, Where Will the Market Go” in the Chains community. AMA article link:
http://public.tokenup100.com/page/article.html?articleId=f1db8c6bfaa94886bbdd863ec9908252&from=timeline&isappinstalled=0
b. On May 8th, Bilaoye was invited by Golden Finance to conduct an AMA with the theme “Bitcoin Breaks Over US $ 10,000 and Will Do This in Half”. Review link:
https://m.jinse.com/live/topic?id=11813&from=singlemessage&isappinstalled=0
C. On May 14, Bilaoye was invited by Cailu Finance to conduct an AMA with the theme of “Correct Postures for Depositing Money” in the Cailu community.Review link:

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2.TokenClub Live
1) Summary
Recently, Feng Yuqing, the director of Yicai Global America, the first Chinese reporter to interview Buffett, the organizer & host of the First Financial New York Forum; a world-renowned financial expert, a professor of finance at the Cheung Kong Graduate School of Business, and the director of the finance department -Cao Huining; ARPA founder Felix, SWFT Blockchain one-stop currency exchange cross-chain platform operation in Greater China & BD leader-Ye Fei, mining big man Binxin Mining CEO “Feige”, contract emperor co-founder Xiaoding, AlchemyPay co-founder Shi Xiang, financial expert & first-line trader Xu Zhe, Huobi Key Account Manager-Xiaotong, Roark Group & Bitribe & 499 Block founder sky, Cobo co-founder Shenyu, DappReview CEO Niu Fengxuan, IOST co-founder Terry; and TokenClub blockchain and cryptocurrency investment strategy senior expert-Zao Shen talks with you about the blockchain ~
On May 6, Block 101 Sisi Dialogue Felix, the founder of the hard-core technical team on the blockchain, ARPA Felix, the theme is “The Wall Street Battle of the Wall Street Elite”. In this live dialogue, the resume is dazzling. , The young man who was free to switch between “Yangchun Baixue” and “earthed gas” from the team’s initial heart chat to his investment strategy to the judgment of the entire currency market, his fanaticism of rock seems to explain a series of “adventure” options- — Longing for a more free and innovative world.


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On May 6th, TokenClub invited the one-stop SWFT Blockchain currency exchange cross-chain platform Greater China operation & BD leader-Ye Fei as a guest to “Jingjing at 8 o’clock” live broadcast, bringing us “flash exchange in the future block The theme of “Chain Payment Ecosystem” is shared. Mr. Ye made a detailed interpretation of SWFTC, and revealed the development plan of SWFTC, and exchanged questions and answers with fans enthusiastically.

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On May 7th, Block 101 Luna talked to the CEO of the mining industry, who is most familiar with KTV, Kexin Mining, “Fei Ge”. Liu Fei talked to Bin An Luna, he counted his mining “stepping on the pit road” “, Talking about halving the market and investment experience, talking to the second half, wearing a red Polo shirt, he began to persuade everyone to learn more in the KTV in Beijing at night, and recommended books.


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On May 8, the TokenClub live column-”Professor had an appointment” shared the theme: “BOC crude oil treasure and financial derivatives market”. In this issue, Professor Cao invited the first U.S. Global Director of the United States, the first Chinese reporter to interview Buffett, the organizer & host of the First Financial New York Forum, and Columbia University Master of International Relations Feng Yuqing to share with guests on Chain, digital currency financial derivatives market, etc. have done a detailed exchange analysis.

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On May 8th, block 101 was led by Binance BD’s head Li Jiayi, who talked about contract emperor co-founder Xiao Dingdang. He is an old code farmer who is known for his futures contract operations. He wrote a 10-year code, and the front end Everyone is familiar with it, and it is hard to say anything on the line of speech. Frankly, he talked from his fortune history to the story of the endless number of contract circles, and shared his trading iron law with everyone: there must be a stop loss; must practice more and try more.


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On May 9th, Zaoshen is coming ~ The sharing theme of this issue is: The Yangtze River will push back and forth, and one wave will be more than one wave. Speaking of the “Houlang” hot event, Zao Shen mainly analyzed the halving market with everyone in detail, to see how many opportunities there are and what strategies to choose. Soul asked: How much money did you make in this wave of quotes?


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On May 11, Block 101 was discussed by Binance Qiqi Dialogue AlchemyPay co-founder Shi Xiang, the former vice president of Zhongan Technology and the founder of Micro Index shared with you the experience of dealing with overseas regulators: supervision is not actually strong Groups, regulation will strike you because you are worried about doing bad things, but as long as you are willing to actively communicate, regulation usually gives a tolerance period. For more content, please move to the live room.

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May 12, Exclusive: Huobi Global & Knowing Daniel Interpretation of “Physical Currency, Debt Currency to Encrypted Digital Currency”. The key account manager of Huobi Global has a conversation with financial expert and front-line trader Xu Zhe, talking about physical currency, debt currency and encrypted digital currency. Work is tired enough, the market is already exciting enough, pick Xu Da Tucao various currencies, teach you to return all the money. The value of the young lady’s face is a feeling of emotion.


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On May 12, Block 101 was founded by Binance Thinking, the founder of Roark Group, Bitribe, and 499Block. Sky, a science and technology man from Tsinghua University and MIT, has the title of “Coin Circle Zheng Kai”. Sky said that starting a business in the blockchain industry is like drifting in the turbulent Amazon River. If you do n’t believe that you will eventually reach the sea, you will be thrown off. Sky believes that Bitcoin is essentially a consensus based on time. Halving is like escaping the monsters, and each level increases the consensus.

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On May 13th, Block 101 Luna talked to F2Pool and Cobo co-founder Shenyu, and talked about the “new” story of Bitcoin. Leo ’s Godfish talked to us about the monopoly of computing power, mining pool operations, halving and Cobo ’s future development goals. He said that 80–90% of personal assets are Bitcoin, and about 10% of Ethereum and other Strange coins from mining. It is called “the first segment of the coin circle” because “more pits are filled, so in the end each pit becomes a stalk.”

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On May 14, Niu Fengxuan, CEO of DappReview, talked about “how ordinary people make money through Dapp”. Niu Fengxuan graduated from Fudan and Stanford. He is a serious game enthusiast. He has written many in-depth game evaluations and is an early participant of Dapp. He said that many people think that the biggest application of blockchain is speculation, but the technology ultimately serves products and applications. In the long run, if blockchain can really bring changes and innovations to the world technically, then it must be C-side users should feel it in a more friendly way in other fields.


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On May 15th, Block 101 Yingge talked to IOST co-founder Terry and talked about “The Blockchain Ideal of Princeton Schoolmaster”. Terry told us about his sad history, happy history, and experience and experience of mining from college mining to graduate school to entrepreneurship, talked about the development direction of the blockchain market, and interacted with fans.


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On May 16th, senior expert Zao Shen brought a live broadcast on the theme of “Depth Is Insufficient In Operation, How To Play With Crash”. In this live broadcast, in addition to analyzing the macro level of the economy, Zao Shen also focused on sharing The specific operation skills emphasized the principle of buying and selling, and finally commented on the hot events such as the recent Federal Reserve announcement that it will not fall to negative interest rates.


3.TokenClub operation data
-Live data: 13 live broadcasts in the past two weeks, with over 600,000 views. TokenClub hosted a total of 835 live broadcasts with a total of 44.25 million views.
-Binary trade data: In the past two weeks, guess the rise and fall to participate in a total of 1060 times, the amount of participation exceeded 2 million TCT. At present, it is guessed that the rise and fall function has participated in a total of 1.11 million times, with a cumulative participation amount of 496 million TCT.
-Chat data: In the past two weeks, a total of 28,950 messages have been generated. A total of 4.83 milliom messages have been launched since the function was launched.
-Mini-game data: The mini-game has participated in a total of 7,830 times in the past two weeks. A total of 1,66 million self-functions have been online.
-Cut leeks game data together: Since the game was launched, the total number of user participation in the game was 954,364 TCT total consumption was 6,27 million gift certificate total consumption was 15,53 million and TCT mining output was 160,48.
-TokenClub KOL data: Over the past two weeks, the total reading volume of the BTCGrandpa article has been viewed by more than 300,000 people.
-Social media data: At present, the number of Weibo official accounts is 17,972 and the number of Twitter followers is 1310, and we have opened the official Medium account this week, welcome to follow.
-Telegram official group data: In the past 2 weeks, there were 310 chats in the group, and the total number of Telegram official groups is currently 2971.
-Medium data: Medium official account u/TokenClub has published 1 excellent articles, official announcements and updates are published in English, welcome to follow.
4.Communities
1)Overseas community
TokenClub held an event for forwarding Twitter and telegram group chats for overseas users. Bitcoin halved in less than two weeks, overseas users are more active in the telegram group, and some friends are more concerned about Binance Block 101 live broadcast, aggregation exchange, TCT usage and other issues, the administrator responded in time.On May 12th, when Bitcoin was halved, TokenClub organized a forwarding Twitter, telegram group chat prize event and participating in a live question asking interactive prize event for overseas users. There are many live broadcast events in the near future. The live broadcast poster information will be released to overseas users as soon as possible. The follow-up TokenClub will translate and broadcast high-quality live broadcast content to Twitter and Medium. Bitcoin halved, overseas users are more active in the telegram group, and some partners are more concerned about block 101 live broadcast, bitcoin future price trend, TCT usage and other issues, the administrator responded in time in the group.

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2)Domestic community
Last Friday, a holiday, the community opened the red envelope rain event, and brought a sincere gift to everyone while relaxing in the holiday. At the same time, it also sent the most sincere blessings to all mothers in the community on Mother’s Day. Thank you for your long-term support and help to the Orange Club community.


The third week of the second 100-day fixed investment plan held this week has been awarded. The participation of this event is still quite positive. This week, the bitcoin halving market was also opened in advance. If it starts according to the first day The small partners participating in the fixed investment should now have a certain floating win, so we adopt the correct cycle investment strategy to believe that it can bring unexpected benefits to everyone.


On May 9th and May 16th, TCT Fortune Free Academy carried out red envelope party activities as scheduled. In the event, in addition to GF red envelopes, students were reminded that there may be a callback risk after the pie halving, and short-term profits are available.


On the evening of May 3rd and May 10th, TCT Fortune Free Academy carried out the 51st and 52nd week sign-in sweepstakes, and rewarded the small TCT partners who had always insisted on signing in. In these two sign-in sweepstakes, the lucky friends received 20–180TCT as a reward. In addition, during the lucky draw, the college friends also actively expressed their opinions on the topic of this year’s bull market.

The Leek Paradise Community Conference will continue as usual every Sunday at 20:00. During the conference, members will discuss recent hot topics, including gifts and blessings for Mother ’s Day, and the halving of Bitcoin everyone is paying attention to. At the end, the friends in the group also showed a rare enthusiasm at the first sight. It seems that the market still affects the mood. The members routinely started a red envelope rain to cheer for the participating partners and encourage everyone to maintain patience and confidence. Of course, at the same time, we are encouraging ourselves to see the community meeting next week. Come on!

TokenClub volunteer community, sign in red envelopes every day, as long as you sign in every day, you can get good benefits, friends join us quickly! In the past two weeks, the community has conducted active partners.

TCT has been listed on Binance、Okex、Gate.io、ZB-M、MXC、Biki、Coinex、BigOne、Coinbene、Cybex、SWFT、Loopring、Rootrex etc.
TokenClub website: www.tokenclub.com
Telegram:https://t.me/token\_club
TokenClub App download QR code

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submitted by tokenclubtct to u/tokenclubtct [link] [comments]

Decred Journal — June 2018

Note: You can read this on GitHub, Medium or old Reddit to see the 207 links.

Development

The biggest announcement of the month was the new kind of decentralized exchange proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response.
dcrd: Peer management and connectivity improvements. Some work for improved sighash algo. A new optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage.
Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun.
Politeia is live on testnet! Useful links: announcement, introduction, command line voting example, example proposal with some votes, mini-guide how to compose a proposal.
Trezor: Decred appeared in the firmware update and on Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue.
dcrdata: Continued work on Insight API support, see this meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged and bumped version to 3.0. Work to visualize agenda voting continues.
Ticket splitting: 11-way ticket split from last month has voted (transaction).
Ethereum support in atomicswap is progressing and welcomes more eyeballs.
decred.org: revamped Press page with dozens of added articles, and a shiny new Roadmap page.
decredinfo.com: a new Decred dashboard by lte13. Reddit announcement here.
Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart)

Network

Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s.
F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement that they will consider measures like rising the fees to prevent growing to 51%.
Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak).
Nodes: there are 240 public listening and 115 normal nodes per dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed 690 reachable nodes on Jul 1.
Extraordinary event: 247361 and 247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).

ASICs

Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target.
Another Chinese ASIC spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.comtranslated, also on asicminervalue)
dcrASIC team posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.

Integrations

bepool.org is a new mining pool spotted on dcred.eu.
Exchange integrations:
Two OTC trading desks are now shown on decred.org exchanges page.
BitPro payment gateway added Decred and posted on Reddit. Notably, it is fully functional without javascript or cookies and does not ask for name or email, among other features.
Guarda Wallet integrated Decred. Currently only in their web wallet, but more may come in future. Notable feature is "DCR purchase with a bank card". See more details in their post or ask their representative on Reddit. Important: do your best to understand the security model before using any wallet software.

Adoption

Merchants:
BlueYard Capital announced investment in Decred and the intent to be long term supporters and to actively participate in the network's governance. In an overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below.
Arbitrade is now mining Decred.

Events

Attended:
Upcoming:

Media

stakey.club: a new website by @mm:
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
@morphymore translated Placeholder's Decred Investment Thesis and Richard Red's write-up on Politeia to Chinese, while @DZ translated Decred Roadmap 2018 to Italian and Russian, and A New Kind of DEX to Italian and Russian.
Second iteration of Chinese ratings released. Compared to the first issue, Decred dropped from 26 to 29 while Bitcoin fell from 13 to 17. We (the authors) restrain ourselves commenting on this one.
Videos:
Audio:
Featured articles:
Articles:

Community Discussions

Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository.
An update on our communication systems:
Jake Yocom-Piatt did an AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS.
A new kind of DEX was the subject of an extensive discussion in #general, #random, #trading channels as well as Reddit. New channel #thedex was created and attracted more than 100 people.
A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
"Against community governance" article was discussed on Reddit and #governance.
"The Downside of Democracy (and What it Means for Blockchain Governance)" was another article arguing against on-chain governance, discussed here.
Reddit recap: mining rig shops discussion; how centralized is Politeia; controversial debate on photos of models that yielded useful discussion on our marketing approach; analysis of a drop in number of transactions; concerns regarding project bus factor, removing central authorities, advertising and full node count – received detailed responses; an argument by insette for maximizing aggregate tx fees; coordinating network upgrades; a new "Why Decred?" thread; a question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms.
Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion; possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable to SPV leaf/node attack.

Markets

DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market.
In the middle of the month Decred was noticed to be #1 in onchainfx "% down from ATH" chart and on this chart by @CoinzTrader. Towards the end of the month it dropped to #3.

Relevant External

Obelisk announced Launchpad service. The idea is to work with coin developers to design a custom, ASIC-friendly PoW algorithm together with a first batch of ASICs and distribute them among the community.
Equihash-based ZenCash was hit by a double spend attack that led to a loss of $450,000 by the exchange which was targeted.
Almost one year after collecting funds, Tezos announced a surprise identification procedure to claim tokens (non-javascript version).
A hacker broke into Syscoin's GitHub account and implanted malware stealing passwords and private keys into Windows binaries. This is a painful reminder for everybody to verify binaries after download.
Circle announced new asset listing framework for Poloniex. Relevant to recent discussions of exchange listing bribery:
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked with a $30 m loss.
Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight from Keynote Panel on governance: "There is no such thing as on-chain governance".
Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code, just in case.
Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)

About This Issue

This is the third issue of Decred Journal after April and May.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
The new public Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained in the previous issue.
As usual, any feedback is appreciated: please comment on Reddit, GitHub or #writers_room. Contributions are welcome too, anything from initial collection to final review to translations.
Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium.
submitted by jet_user to decred [link] [comments]

The Strange Birth & History of Monero, Part IV: Monero "as it is now"

You can read here part III.
You can read this whole story translated into Spanish here
This is part IV, the last but not least.
Monero - A secure, private, untreceable cryptocurrency
https://bitcointalk.org/index.php?topic=583449.0
Notable comments in this thread:
-201: “I would like to offer 1000 MRO to the first person who creates a pool”
(https://bitcointalk.org/index.php?topic=583449.msg6422665#msg6422665)
[tacotime offers bounty to potential pool developer. Bytecoin devs haven’t released any code for pools, and the only existent pool, minergate (in the future related to BCN interests) was closed source]
-256: “Adam back seems to like CryptoNote the better than Zerocash https://twitter.com/adam3us/status/453493394472697856”
(https://bitcointalk.org/index.php?topic=583449.msg6440769#msg6440769)
-264: “update on pools: The NOMP guy (zone117x) is looking to fork his open source software and get a pool going, so one should hopefully be up soon.”
(https://bitcointalk.org/index.php?topic=583449.msg6441302#msg6441302)
-273: “Update on GUI: othe from VertCoin has notified me that he is working on it.”
(https://bitcointalk.org/index.php?topic=583449.msg6442606#msg6442606)
-356: “Everyone wanting a pool, please help raise a bounty with me here:
https://bitcointalk.org/index.php?topic=589533.0
And for the GUI:
https://bitcointalk.org/index.php?topic=589561.0”
(https://bitcointalk.org/index.php?topic=583449.msg6461533#msg6461533)
[5439 MRO + 0.685 BTC + 5728555.555 BCN raised for pool and 1652 XMR, 121345.46695471 BCN for the GUI wallet. Though this wallet was "rejected" as official GUI because wallet still has to be polished before building a GUI]
-437: “Yes, most Windows users should see a higher hashrate with the new build. You can thank NoodleDoodle. ”
(https://bitcointalk.org/index.php?topic=583449.msg6481202#msg6481202)
-446: “Even faster Windows binaries have just been uploaded. Install for more hash power! Once again, it was NoodleDoodle.”
(https://bitcointalk.org/index.php?topic=583449.msg6483680#msg6483680)
-448: “that almost doubled my hashrate again! GREAT STUFF !!!”
(https://bitcointalk.org/index.php?topic=583449.msg6484109#msg6484109)
-461: “Noodle only started optimization today so there may be gains for your CPU in the future.”
(https://bitcointalk.org/index.php?topic=583449.msg6485247#msg6485247)
[First day of miner optimization by NoodleDoodle, it is only May 1st]
-706: “The unstoppable NoodleDoodle has optimized the Windows build again. Hashrate should more than double. Windows is now faster than Linux. :O”
(https://bitcointalk.org/index.php?topic=583449.msg6549444#msg6549444)
-753: “i here tft is no longer part of the project. so is he forking or relaunching bytecoin under new name and new parameters (merged mining with flatter emission curve.) also. what is the end consensus for the emission curve for monero. will it be adjusted."
(https://bitcointalk.org/index.php?topic=583449.msg6561345#msg6561345)
[May, 5th 2014. TFT is launching FANTOMCOIN, a clone coin which its "only" feature was merged mining]
-761: (https://bitcointalk.org/index.php?topic=583449.msg6561941#msg6561941) [May, 5th 2014 – eizh on emission curve and tail emission]
-791: “As promised, I did Russian translation of main topic.”
(https://bitcointalk.org/index.php?topic=583449.msg6565521#msg6565521)
[one among dozens of decentralized and “altruist” collaborators of Monero in minor tasks]
-827: image
(https://bitcointalk.org/index.php?topic=583449.msg6571652#msg6571652)
-853: (https://bitcointalk.org/index.php?topic=583449.msg6575033#msg6575033)
[some are not happy that NoodleDoodle had only released the built binaries, but not the source code]
-950: (https://bitcointalk.org/index.php?topic=583449.msg6593768#msg6593768)
[Rias, an account suspected to be related to the Bytecoin scam, dares to tag Monero as “instamine”]
-957: “It's rather bizarre that you're calling this an "instamine" scam when you're so fervently supporting BCN, which was mined 80% before entering the clearnet. Difficulty adjustments are per block, so there is no possibility of an instamine unless you don't publish your blockchain (emission is regular at the preset interval, and scales adequately with the network hash rate). What you're accusing monero of is exactly what ByteCoin did.”
https://bitcointalk.org/index.php?topic=583449.msg6594025#msg6594025
[Discussion with rias drags on for SEVERAL posts]
-1016: “There is no "dev team". There is a community of people working on various aspects of the coin.
I've been keeping the repo up to date. NoodleDoodle likes to optimise his miner. TFT started the fork and also assists when things break. othe's been working on a GUI. zone117x has been working on a pool.
It's a decentralized effort to maintain the fork, not a strawman team of leet hackers who dwell in the underbellies of the internet and conspire for instamines.”
(https://bitcointalk.org/index.php?topic=583449.msg6596828#msg6596828)
-1023: “Like I stated in IRC, I am not part of the "dev team", I never was. Just so happens I took a look at the code and changed some extremely easy to spot "errors". I then decided to release the binary because I thought MRO would benefit from it. I made this decision individually and nobody else should be culpable”
(https://bitcointalk.org/index.php?topic=583449.msg6597057#msg6597057)
[Noodledoodle gets rid of the instaminer accusations]
-1029: “I decided to relaunch Monero so it will suit all your wishes that you had: flatter emission curve, open source optimized miner for everybody from the start, no MM with BCN/BMR and the name. New Monero will be ready tomorrow”
(https://bitcointalk.org/index.php?topic=583449.msg6597252#msg6597252)
[people trying to capitalize mistakes is always there.]
-1030: "Pull request has been submitted and merged to update miner speed
It appears from the simplicity of the fix that there may have been deliberate crippling of the hashing algorithm from introduction with ByteCoin."
https://bitcointalk.org/index.php?topic=583449.msg6597460#msg6597460
[tacotime “officially” raises suspects of possible voluntarily crippled miner]
-1053: "I don't mind the 'relaunch' or the merge-mining fork or any other new coin at all. It's inevitable that the CryptoNote progresses like scrypt into a giant mess of coins. It's not undesirable or 'wrong'. Clones fighting out among themselves is actually beneficial for Monero. Although one of them is clearly unserious and trolling by choosing the same name.
Anyway, this sudden solidarity with BCN or TFT sure is strange when none of these accounts were around for the discussions that took place 3 weeks ago. Such vested interests with no prior indications. Hmm...? "
https://bitcointalk.org/index.php?topic=583449.msg6599013#msg6599013
[eizh points out the apparent organized fudding]
-1061: "There was no takeover. The original developer (who himself did a fork of bytecoin and around a dozen lines of code changes) was non-responsive and had disappeared. The original name had been cybersquatted all over the place (since the original developer did not even register any domain name much less create a web site), making it impossible to even create a suitably named web site. A bunch of us who didn't want to see the coin die who represented a huge share of the hash power and ownership of the coin decided to adopt it. We reached out to the original developer to participate in this community effort and he still didn't respond over 24 hours, so we decided to act to save the coin from neglect and actively work toward building the coin."
(https://bitcointalk.org/index.php?topic=583449.msg6599798#msg6599798)
[smooth defends legitimacy of current “dev team” and decisions taken]
-1074: “Zerocash will be announced soon (May 18 in Oakland? but open source may not be ready then?).
Here is a synopsis of the tradeoffs compared to CyptoNote: […]"
(https://bitcointalk.org/index.php?topic=583449.msg6602891#msg6602891)
[comparison among Zerocash y Cryptonote]
-1083: "Altcoin history shows that except in the case of premine (Tenebrix), the first implementation stays the largest by a wide margin. We're repeating that here by outpacing Bytecoin (thanks to its 80% mine prior to surfacing). No other CN coin has anywhere near the hashrate or trading volume. Go check diff in Fantom for example or the lack of activity in BCN trading.
The only CN coin out there doing something valuable is HoneyPenny, and they're open source too. If HP develops something useful, MRO can incorporate it as well. Open source gives confidence. No need for any further edge."
(https://bitcointalk.org/index.php?topic=583449.msg6603452#msg6603452)
[eizh reminds everyone the “first mover” advantage is a real advantage]
-1132: "I decided to tidy up bitmonero GitHub rep tonight, so now there is all valuable things from latest BCN commits & Win32. Faster hash from quazarcoin is also there. So BMR rep is the freshest one.
I'm working on another good feature now, so stay tuned."
(https://bitcointalk.org/index.php?topic=583449.msg6619738#msg6619738)
[first TFT apparition in weeks, he somehow pretends to still be the "lead dev"]
-1139: "This is not the github or website used by Monero. This github is outdated even with these updates. Only trust binaries from the first post."
(https://bitcointalk.org/index.php?topic=583449.msg6619971#msg6619971)
[eizh tries to clarify the community, after tft interference, which are the official downloads]
-1140: “The faster hash is from NoodleDoodle and is already submitted to the moner-project github (https://github.com/monero-project/bitmonero) and included in the binaries here.
[trying to bring TFT back on board] It would be all easier if you just work together with the other guys, whats the problem? Come to irc and talk like everyone else?
[on future monero exchangers] I got confirmation from one."
(https://bitcointalk.org/index.php?topic=583449.msg6619997#msg6619997)
[8th may 2014, othe announces NoodleDoodle optimized miner is now open source, asks TFT to collaborate and communicates an exchanger is coming]
-1146: "I'll be impressed if they [BCN/TFT shills] manage to come up with an account registered before January, but then again they could buy those.”
(https://bitcointalk.org/index.php?topic=583449.msg6620257#msg6620257)
[smooth]
-1150: “Ring signatures mean that when you sign a transaction to spend an output (coins), no one looking at the block chain can tell whether you signed it or one of the other outputs you choose to mix in with yours. With a mixing factor of 5 or 10 after several transactions there are millions of possible coins all mixed together. You get "anonymity" and mixing without having to use a third party mixer.”
(https://bitcointalk.org/index.php?topic=583449.msg6620433#msg6620433)
[smooth answering to “what are ring signatures” in layman terms]
-1170: "Someone (C++ skilled) did private optimized miner a few days ago, he got 74H/s for i5 haswell. He pointed that mining code was very un-optimized and he did essential improvements for yourself. So, high H/S is possible yet. Can the dev's core review code for that?"
(https://bitcointalk.org/index.php?topic=583449.msg6623136#msg6623136)
[forums are talking about an individual or group of individuals with optimized miners - may 9th 2014]
-1230: "Good progress on the pool reported by NOMP dev zone117x. Stay tuned, everyone.
And remember to email your favorite exchanges about adding MRO."
(https://bitcointalk.org/index.php?topic=583449.msg6640190#msg6640190)
-1258: "This is actually as confusing to us as you. At one point, thankful_for_today said he was okay with name change: https://bitcointalk.org/index.php?topic=563821.msg6368600#msg6368600
Then he disappeared for more than a week after the merge mining vote failed.”
(https://bitcointalk.org/index.php?topic=583449.msg6645981#msg6645981)
[eizh on the TFT-issue]
-1358: “Jadehorse: registered on 2014-03-06 and two pages of one line posts:
https://bitcointalk.org/index.php?action=profile;u=263597
https://bitcointalk.org/index.php?action=profile;u=263597;sa=showPosts
Trustnobody: registered on 2014-03-06 and two pages of one line posts:
https://bitcointalk.org/index.php?action=profile;u=264292
https://bitcointalk.org/index.php?action=profile;u=264292;sa=showPosts
You guys should really just stop trying. It is quite transparent what you are doing. Or if you want to do it, do it somewhere else. Everyone else: ignore them please."
(https://bitcointalk.org/index.php?topic=583449.msg6666844#msg6666844)
[FUD campaign still ongoing, smooth battles it]
-1387: "The world’s first exchange for Monero just opened! cryptonote.exchange.to"
(https://bitcointalk.org/index.php?topic=583449.msg6675902#msg6675902)
[David Latapie announces an important milestone: exchanger is here]
-1467: "image"
(https://bitcointalk.org/index.php?topic=583449.msg6686125#msg6686125)
[it is weird, but tft appears again, apparently as if he were in a parallel reality]
-1495: “http://monero.cc/blog/monero-price-0-002-passed/”
(https://bitcointalk.org/index.php?topic=583449.msg6691706#msg6691706)
[“trading” milestone reached: monero surpassed for first time 0.002 btc price]
-1513: "There is one and only one coin, formerly called Bitmonero, now called Monero. There was a community vote in favor (despite likely ballot stuffing against). All of the major stakeholders at the time agreed with the rename, including TFT.
The code base is still called bitmonero. There is no reason to rename it, though we certainly could have if we really wanted to.
TFT said he he is sentimental about the Bitmonero name, which I can understand, so I don't think there is any malice or harm in him continuing to use it. He just posted the nice hash rate chart on here using the old name. Obviously he understands that they are one and the same coin."
(https://bitcointalk.org/index.php?topic=583449.msg6693615#msg6693615)
[Smooth clears up again the relation with TFT and BMR. Every time he appears it seems to generate confusion on newbies]
-1543: "Pool software is in testing now. You can follow the progress on the pool bounty thread (see original post on this thread for link)."
(https://bitcointalk.org/index.php?topic=583449.msg6698097#msg6698097)
-1545: "[on the tail emission debate] I've been trying to raise awareness of this issue. The typical response seems to be, "when Bitcoin addresses the problem, so will we." To me this means it will never be addressed. The obvious solution is to perpetually increase the money supply, always rewarding miners with new coins.
Tacotime mentioned a hard fork proposal to never let the block reward drop below 1 coin:
Code: if (blockReward < 1){ blockReward = 1; }
I assume this is merely delaying the problem, however. I proposed a fixed annual debasement (say 2%) with a tx fee cap of like 0.001% of the current block reward (or whatever sounds reasonable). That way we still get the spam protection without worrying about fee escalation down the road."
(https://bitcointalk.org/index.php?topic=583449.msg6698879#msg6698879)
[Johnny Mnemonic wants to debate tail emission. Debate is moved to the “Monero Economy” thread]
-1603: “My GOD,the wallet is very very wierd and too complicated to operate, Why dont release a wallet-qt as Bitcoin?”
(https://bitcointalk.org/index.php?topic=583449.msg6707857#msg6707857)
[Newbies have hard times with monero]
-1605: "because this coin is not a bitcoin clone and so there isnt a wallet-qt to just copy and release. There is a bounty for a GUI wallet and there is already an experimental windows wallet..."
(https://bitcointalk.org/index.php?topic=583449.msg6708250#msg6708250)
-1611: "I like this about Monero, but it seems it was written by cryptographers, not programmers. The damned thing doesn't even compile on Arch, and there are several bugs, like command history not working on Linux. The crypto ideas are top-notch, but the implementation is not."
(https://bitcointalk.org/index.php?topic=583449.msg6709002#msg6709002)
[Wolf0, a miner developer, little by little joining the community]
-1888: "http://198.199.79.100 (aka moneropool.org) successfully submitted a block. Miners will be paid for their work once payments start working.
P.S. This is actually our second block today. The first was orphaned. :/"
(https://bitcointalk.org/index.php?topic=583449.msg6753836#msg6753836)
[May 16th: first pool block]
-1927: "Botnets aren't problem now. The main problem is a private hi-performance miner"
(https://bitcointalk.org/index.php?topic=583449.msg6759622#msg6759622)
-1927: "Evidence?"
(https://bitcointalk.org/index.php?topic=583449.msg6759661#msg6759661)
[smooth about the private optimized miner]
-1937: “[reference needed: smooth battling the weak evidence of optimized miner] Yes, I remember that. Some person on the Internet saying that some other unnamed person said he did something hardly constitutes evidence.
I'm not even doubting that optimized asm code could make a big difference. Just not sure how to know whether this is real or not. Rumors and FUD are rampant, so it is just hard to tell."
(https://bitcointalk.org/index.php?topic=583449.msg6760040#msg6760040)
[smooth does not take the "proof" seriously]
-1949: "image
One i5 and One e5 connected to local pool:
image"
(https://bitcointalk.org/index.php?topic=583449.msg6760624#msg6760624)
[proof of optimized miner]
-1953: "lazybear are you interested in a bounty to release the source code (maybe cleaned up a bit?) your optimized miner? If not, I'll probably play around with the code myself tomorrow and see if I can come up with something, or maybe Noodle Doodle will take an interest."
(https://bitcointalk.org/index.php?topic=583449.msg6760699#msg6760699)
[smooth tries to bring lazybear and his optimized miner on board]
-1957: "smooth, NoodleDoodle just said on IRC his latest optimizations are 4x faster on Windows. Untested on Linux so far but he'll push the source to the git repo soon. We'll be at 1 million network hashrate pretty soon."
(https://bitcointalk.org/index.php?topic=583449.msg6760814#msg6760814)
[eizh makes publics NoodleDoodle also has more miner optimizations ready]
-1985: “Someone (not me) created a Monero block explorer and announced it yesterday in a separate thread:
https://bitcointalk.org/index.php?topic=611561.0”
(https://bitcointalk.org/index.php?topic=583449.msg6766206#msg6766206)
[May 16th, 2014: a functional block explorer]
-2018: “Noodle is doing some final tests on Windows and will begin testing on Linux. He expects hashrate should increase across all architectures. I can confirm a 5x increase on an i7 quad-core + Windows 7 64-bit.
Please be patient. These are actual changes to the program, not just a switch that gets flicked on. It needs testing.”
(https://bitcointalk.org/index.php?topic=583449.msg6770093#msg6770093)
[eizh has more info on last miner optimization]
-2023: “Monero marketcap is around $300,000 as of now”
(https://bitcointalk.org/index.php?topic=583449.msg6770365#msg6770365)
-2059: I was skeptical of this conspiracy theory at first but after thinking about the numbers and looking back at the code again, I'm starting to believe it.
These are not deep optimizations, just cleaning up the code to work as intended.
At 100 H/s, with 500k iterations, 70 cycles per L3 memory access, we're now at 3.5 GHz which is reasonably close. So the algorithm is finally memory-bound, as it was originally intended to be. But as delivered by the bytecode developers not even close.
I know this is going to sound like tooting our own horn but this is another example of the kind of dirty tricks you can expect from the 80% premine crowd and the good work being done in the name of the community by the Monero developers.
Assuming they had the reasonable, and not deoptimized, implementation of the algorithm as designed all along (which is likely), the alleged "two year history" of bytecoin was mined on 4-8 PCs. It's really one of the shadiest and sleaziest premines scams yet, though this shouldn't be surprising because in every type of scam, the scams always get sneakier and more deceptive over time (the simple ones no longer work)."
(https://bitcointalk.org/index.php?topic=583449.msg6773168#msg6773168)
[smooth blowing the lid: if miner was so de-optimized, then BCN adoption was even lower than initially thought]
-2123: (https://bitcointalk.org/index.php?topic=583449.msg6781481#msg6781481)
[fluffypony first public post in Monero threads]
-2131: "moneropool.org is up to 2KHs, (average of 26Hs per user). But that's still only 0.3% of the reported network rate of 575Khs.
So either a large botnet is mining, or someone's sitting quietly on a much more efficient miner and raking in MRO."
(https://bitcointalk.org/index.php?topic=583449.msg6782192#msg6782192)
[with pools users start to notice that “avg” users account for a very small % of the network hashrate, either botnets or a super-optimized miner is mining monero]
-2137: “I figure its either:
(https://bitcointalk.org/index.php?topic=583449.msg6782852#msg6782852)
-2192: “New source (0.8.8.1) is up with optimizations in the hashing. Hashrate should go up ~4x or so, but may have CPU architecture dependence. Windows binaries are up as well for both 64-bit and 32-bit."
(https://bitcointalk.org/index.php?topic=583449.msg6788812#msg6788812)
[eizh makes official announce of last miner optimization, it is may 17th]
-2219: (https://bitcointalk.org/index.php?topic=583449.msg6792038#msg6792038)
[wolf0 is part of the monero community for a while, discussing several topics as botnet mining and miner optimizations. Now spots security flaws in the just launched pools]
-2301: "5x optimized miner released, network hashrate decreases by 10% Make your own conclusions. :|"
(https://bitcointalk.org/index.php?topic=583449.msg6806946#msg6806946)
-2323: "Monero is on Poloniex https://poloniex.com/exchange/btc_mro"
(https://bitcointalk.org/index.php?topic=583449.msg6808548#msg6808548)
-2747: "Monero is holding a $500 logo contest on 99designs.com now: https://99designs.com/logo-design/contests/monero-mro-cryptocurrency-logo-design-contest-382486"
(https://bitcointalk.org/index.php?topic=583449.msg6829109#msg6829109)
-2756: “So... ALL Pools have 50KH/s COMBINED.
Yet, network hash is 20x more. Am i the only one who thinks that some people are insta mining with prepared faster miners?”
(https://bitcointalk.org/index.php?topic=583449.msg6829977#msg6829977)
-2757: “Pools aren't stable yet. They are more inefficient than solo mining at the moment. They were just released. 10x optimizations have already been released since launch, I doubt there is much more optimization left.”
(https://bitcointalk.org/index.php?topic=583449.msg6830012#msg6830012)
-2765: “Penalty for too large block size is disastrous in the long run.
Once MRO value increases a lot, block penalties will become more critical of an issue. Pools will fix this issue by placing a limit on number and size of transactions. Transaction fees will go up, because the pools will naturally accept the most profitable transactions. It will become very expensive to send with more than 0 mixin. Anonymity benefits of ring signatures are lost, and the currency becomes unusable for normal transactions.”
(https://bitcointalk.org/index.php?topic=583449.msg6830475#msg6830475)
-2773: "The CryptoNote developers didn't want blocks getting very large without genuine need for it because it permits a malicious attack. So miners out of self-interest would deliberately restrict the size, forcing the network to operate at the edge of the penalty-free size limit but not exceed it. The maximum block size is a moving average so over time it would grow to accommodate organic volume increase and the issue goes away. This system is most broken when volume suddenly spikes."
(https://bitcointalk.org/index.php?topic=583449.msg6830710#msg6830710)
-3035: "We've contributed a massive amount to the infrastructure of the coin so far, enough to get recognition from cryptonote, including optimizing their hashing algorithm by an order of magnitude, creating open source pool software, and pushing several commits correcting issues with the coin that eventually were merged into the ByteCoin master. We also assisted some exchange operators in helping to support the coin.
To say that has no value is a bit silly... We've been working alongside the ByteCoin devs to improve both coins substantially."
(https://bitcointalk.org/index.php?topic=583449.msg6845545#msg6845545)
[tacotime defends the Monero team and community of accusations of just “ripping-off” others hard-work and “steal” their project]
-3044: "image"
(https://bitcointalk.org/index.php?topic=583449.msg6845986#msg6845986)
[Monero added to coinmarketcap may 21st 2014]
-3059: "You have no idea how influential you have been to the success of this coin. You are a great ambassador for MRO and one of the reasons why I chose to mine MRO during the early days (and I still do, but alas no soup for about 5 days now)."
(https://bitcointalk.org/index.php?topic=583449.msg6846509#msg6846509)
[random user thanks smooth CONSTANT presence, and collaboration. It is not all FUD ;)]
-3068: "You are a little too caught up in the mindset of altcoin marketing wars about "unique features" and "the team" behind the latest pump and dump scam.
In fact this coin is really little more than BCN without the premine. "The team" is anyone who contributes code, which includes anyone contributing code to the BCN repository, because that will get merged as well (and vice-versa).
Focus on the technology (by all accounts amazing) and the fact that it was launched in a clean way without 80% of the total world supply of the coin getting hidden away "somewhere." That is the unique proposition here. There also happens to be a very good team behind the coin, but anyone trying too hard to market on the basis of some "special" features, team, or developer is selling you something. Hold on to your wallet."
(https://bitcointalk.org/index.php?topic=583449.msg6846638#msg6846638)
[An answer to those trolls saying Monero has no innovation/unique feature]
-3070: "Personally I found it refreshing that Monero took off WITHOUT a logo or a gui wallet, it means the team wasn't hyping a slick marketing package and is concentrating on the coin/note itself."
(https://bitcointalk.org/index.php?topic=583449.msg6846676#msg6846676)
-3119: “image
[included for the lulz]
-3101: "[…]The main developers are tacotime, smooth, NoodleDoodle. Some needs are being contracted out, including zone117x, LucasJones, and archit for the pool, another person for a Qt GUI, and another person independently looking at the code for bugs."
(https://bitcointalk.org/index.php?topic=583449.msg6848006#msg6848006)
[the initial "core team" so far, eizh post]
-3123: (https://bitcointalk.org/index.php?topic=583449.msg6850085#msg6850085)
[fluffy steps-in with an interesting dense post. Don’t dare to skip it, worthwhile reading]
-3127: (https://bitcointalk.org/index.php?topic=583449.msg6850526#msg6850526)
[fluffy again, worth to read it too, so follow link, don’t be lazy]
-3194: "Hi guys - thanks to lots of hard work we have added AES-NI support to the slow_hash function. If you're using an AES-NI processor you should see a speed-up of about 30%.”
(https://bitcointalk.org/index.php?topic=583449.msg6857197#msg6857197)
[flufflypony is now pretty active in the xmr topic and announces a new optimization to the crippled miner]
-3202: "Whether using pools or not, this coin has a lot of orphaned blocks. When the original fork was done, several of us advised against 60 second blocks, but the warnings were not heeded.
I'm hopeful we can eventually make a change to more sane 2- or 2.5-minute blocks which should drastically reduce orphans, but that will require a hard fork, so not that easy."
(https://bitcointalk.org/index.php?topic=583449.msg6857796#msg6857796)
[smooth takes the opportunity to remember the need of bigger target block]
-3227: “Okay, optimized miner seems to be working: https://bitcointalk.org/index.php?topic=619373”
[wolf0 makes public his open source optimized miner]
-3235: "Smooth, I agree block time needs to go back to 2 minutes or higher. I think this and other changes discussed (https://bitcointalk.org/index.php?topic=597878.msg6701490#msg6701490) should be rolled into a single hard fork and bundled with a beautiful GUI wallet and mining tools."
(https://bitcointalk.org/index.php?topic=583449.msg6861193#msg6861193)
[tail emission, block target and block size are discussed in the next few messages among smooth, johnny and others. If you want to know further about their opinions/reasonings go and read it]
-3268: (https://bitcointalk.org/index.php?topic=583449.msg6862693#msg6862693)
[fluffy dares another user to bet 5 btc that in one year monero will be over dash in market cap. A bet that he would have lost as you can see here https://coinmarketcap.com/historical/20150524/ even excluding the 2M “instamined” coins]
-3283: "Most of the previous "CPU only" coins are really scams and the developers already have GPU miner or know how to write one. There are a very few exceptions, almost certainly including this one.
I don't expect a really dominant GPU miner any time soon, maybe ever. GPUs are just computers though, so it is certainly possible to mine this on a GPU, and there probably will be a some GPU miner, but won't be so much faster as to put small scale CPU miners out of business (probably -- absent some unknown algorithmic flaw).
Everyone focuses on botnets because it has been so long since regular users were able to effectively mine a coin (due to every coin rapidly going high end GPU and ASIC) that the idea that "users" could vastly outnumber "miners" (botnet or otherwise) isn't even on the radar.
The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended) [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized.
That's what cryptonote wants to accomplish with this whole "egalitarian mining" concept. Whether it succeeds I don't know but we should give it a chance. Those cryptonote guys seem pretty smart. They've probably thought this through better than any of us have."
(https://bitcointalk.org/index.php?topic=583449.msg6863720#msg6863720)
[smooth vision of a true p2p currency]
-3318: "I have a screen shot that was PMed to me by someone who paid a lot of money for a lot of servers to mine this coin. He won't be outed by me ever but he does in fact exist. Truth."
(https://bitcointalk.org/index.php?topic=583449.msg6865061#msg6865061)
[smooth somehow implies it is not botnets but an individual or a group of them renting huge cloud instances]
-3442: "I'm happy to report we've successfully cracked Darkcoin's network with our new quantum computers that just arrived from BFL, a mere two weeks after we ordered them."
[fluffy-troll]
-3481: “Their slogan is, "Orphaned Blocks, Bloated Blockchain, that's how we do""
(https://bitcointalk.org/index.php?topic=583449.msg6878244#msg6878244)
[Major FUD troll in the topic. One of the hardest I’ve ever seen]
-3571: "Tacotime wanted the thread name and OP to use the word privacy instead of anonymity, but I made the change for marketing reasons. Other coins do use the word anonymous improperly, so we too have to play the marketing game. Most users will not bother looking at details to see which actually has more privacy; they'll assume anonymity > privacy. In a world with finite population, there's no such thing as anonymity. You're always "1 of N" possible participants.
Zero knowledge gives N -> everyone using the currency, ring signatures give N -> your choice, and CoinJoin gives N -> people who happen to be spending around the same amount of money as you at around the same time. This is actually the critical weakness of CoinJoin: the anonymity set is small and it's fairly susceptible to blockchain analysis. Its main advantage is that you can stick to Bitcoin without hard forking.
Another calculated marketing decision: I made most of the OP about ring signatures. In reality, stealth addressing (i.e. one-time public keys) already provides you with 90% of the privacy you need. Ring signatures are more of a trump card that cannot be broken. But Bitcoin already has manual stealth addressing so the distinguishing technological factor in CryptoNote is the use of ring signatures.
This is why I think having a coin based on CoinJoin is silly: Bitcoin already has some privacy if you care enough. A separate currency needs to go way beyond mediocre privacy improvements and provide true indistinguishably. This is true thanks to ring signatures: you can never break the 1/N probability of guessing correctly. There's no additional circumstantial evidence like with CoinJoin (save for IP addresses, but that's a problem independent of cryptocurrencies)."
(https://bitcointalk.org/index.php?topic=583449.msg6883525#msg6883525)
[Anonymity discussions, specially comparing Monero with Darkcoin and its coinjoin-based solution, keep going on]
-3593: "Transaction fees should be a fixed percentage of the block reward, or at the very least not be controllable by the payer. If payers can optionally pay more then it opens the door for miner discrimination and tx fee bidding wars."
(https://bitcointalk.org/index.php?topic=583449.msg6886770#msg6886770)
[Johnny Mnemonic is a firm defender of fixed fees and tail emission: he see the “fee market” as big danger to the usability of cryptocurrencies]
-3986: (https://bitcointalk.org/index.php?topic=583449.msg6930412#msg6930412)
[partnership with i2p]
-4373: “Way, way faster version of cpuminer: https://bitcointalk.org/index.php?topic=619373”
(https://bitcointalk.org/index.php?topic=583449.msg6993812#msg6993812)
[super-optimized miner is finally leaked to the public. Now the hashrate is 100 times bigger than originally with crippled miner. The next hedge for "cloud farmers" is GPU mining]
-4877: “1. We have a logo! If you use Monero in any of your projects, you can grab a branding pack here. You can also see it in all its glory right here:
logo […] 4. In order to maintain ISO 4217 compliance, we are changing our ticker symbol from MRO to XMR effective immediately."
(https://bitcointalk.org/index.php?topic=583449.msg7098497#msg7098497)
[Jun 2nd 2014]
-5079: “First GPU miner: https://bitcointalk.org/index.php?topic=638915.0”
(https://bitcointalk.org/index.php?topic=583449.msg7130160#msg7130160)
[4th June: Claymore has developed the first CryptoNight open source and publicly available GPU miner]
-5454: "New update to my miner - up to 25% hash increase. Comment and tell me how much of an increase you got from it: https://bitcointalk.org/index.php?topic=632724"
(https://bitcointalk.org/index.php?topic=583449.msg7198061#msg7198061)
[miner optimization is an endless task]
-5464: "I have posted a proposal for fixed subsidy:
https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538"
(https://bitcointalk.org/index.php?topic=583449.msg7202776#msg7202776)
[Nice charts and discussion proposed by tacotime, worth reading it]
-5658: "- New seed nodes added. - Electrum-style deterministic wallets have been added to help in the recovery of your wallet should you ever need to. It is enabled by default."
(https://bitcointalk.org/index.php?topic=583449.msg7234475#msg7234475)
[Now you can recover your wallet with a 24 word seed]
-5726: (https://bitcointalk.org/index.php?topic=583449.msg7240623#msg7240623)
[Bitcoin Pizza in monero version: a 2500 XMR picture sale (today worth ~$20k)]
-6905: (https://bitcointalk.org/index.php?topic=583449.msg7386715#msg7386715)
[Monero missives: CryptoNote peer review starts whitepaper reviewed)]
-7328: (https://bitcointalk.org/index.php?topic=583449.msg7438333#msg7438333)
[android monero widget built]
This is a dense digest of the first several thousand messages on the definitive Monero thread.
A lot of things happened in this stressful days and most are recorded here. It can be summarized in this:
  • 28th April: Othe and zone117x assume the GUI wallet and CN pools tasks.
  • 30th April: First NoodleDoodle's miner optimization.
  • 11th May: First Monero exchanger
  • 13th May: Open source pool code is ready.
  • 16th May: First pool mined block.
  • 19th May: Monero in poloniex
  • 20th May: Monero +1100 bitcoin 24h trading volume in Poloniex.
  • 21st May: New official miner optimization x4 speed (accumulated optimization x12-x16). Open source wolf0's CPU miner released.
  • 25th May: partnership with i2p
  • 28th May: The legendary super-optimized miner is leaked. Currently running x90 original speed. Hedge of the "cloud farmers" is over in the cpu mining.
  • 2nd June: Monero at last has a logo. Ticker symbol changes to the definitive XMR (former MRO)
  • 4th June: Claymore's open source GPU miner.
  • 10th June: Monero's "10,000 bitcoin pizza" (2500 XMR paintig). Deterministic seed-based wallets (recover wallet with a 24 word seed)
  • March 2015 – tail emission added to code
  • March 2016 – monero hard forks to 2 min block and doubles block reward
There basically two things in here that can be used to attack Monero:
  • Crippled miner Gave unfair advantage to those brave enough to risk money and time to optimize and mine Monero.
  • Fast curve emission non-bitcoin-like curve as initially advertised and as it was widely accepted as suitable
Though we have to say two things to support current Monero community and devs:
  • The crippled miner was coded either by Bytecoin or CryptoNote, and 100% solved within a month by Monero community
  • The fast curve emission was a TFT miscalculation. He forgot to consider that as he was halving the block target he was unintentionally doubling the emission rate.
submitted by el_hispano to Monero [link] [comments]

These 25 top-voted posts from r/btc this week show that users and miners are working on real solutions to help Bitcoin move forward, while Core/Blockstream are obstructing progress and losing support. Please help spread this information (including translating for the Chinese-speaking community)!

Antpool Will Not Run SegWit Without Block Size Increase Hard Fork
~ tylev
https://np.reddit.com/btc/comments/4kpgxt/antpool_will_not_run_segwit_without_block_size/
So, this is exactly the situation the Classic code was meant to prevent.
Fixing the issue before it becomes an issue. Classic was correct and full blocks are the largest problem that Bitcoin faces.
~ Annapurna317
Leaders of Core had a childish little selfish tantrum about wanting to work on what cool stuff they wanted to build and wouldn't listen.
It would have been relatively safe and easy to introduce the 2mb HF if it was progressed collectively and collaboratively with good will by all parties.
All of this could have been avoided long ago. There is one person who is very influential who we know to be adamant about blocks being confined to 1mb.
~ papabitcoin
Hardfork in July 2017 will be too late.
If you read the statement by Peter "I don't have a clue about economics" Todd you might start to puke.
“Unfortunately Bitcoin simply doesn't scale well" How about you start to tell what exactly doesn't scale you fuckhead?
P.S.: The blockchain is growing indefinitely, if you don't like that fact you should choose something else than cryptocurrencies or come up with a better way.
~ satoshis_sockpuppet
This is classic narrowmindedness on PT's part.
He'd also be the first one to say that the internet is not sustainable as it produces exponentially more and more data.
These guys are fucking idiots and really have no idea what they are talking about, all they see is "BLOAT!" and "TOO BIG FOR CURRENT NODES!" then react accordingly without even thinking about the fact that Bitcoin's usefulness mitigates these limiting factors almost entirely.
~ ferretinjapan
People are starting to realize how toxic Gregory Maxwell is to Bitcoin, saying there are plenty of other coders who could do crypto and networking, and "he drives away more talent than he can attract." Plus, he has a 10-year record of damaging open-source projects, going back to Wikipedia in 2006.
~ ydtm
https://np.reddit.com/btc/comments/4klqtg/people_are_starting_to_realize_how_toxic_gregory/
Gavin Andresen: Bitcoin Protocol Role Models
https://np.reddit.com/btc/comments/4l0ugy/gavin_andresen_bitcoin_protocol_role_models/
http://gavinandresen.ninja/bitcoin-protocol-role-models
There are limits on routing table sizes, but they are not top-down-specified-in-a-standards-document protocol limits.
They are organic limits that arise from whatever hardware is available and from the (sometimes very contentious!) interaction of the engineers keeping the Internet backbone up and running.
~ Gavin
We've long established that the 1mb limit (or their refusal to remove it) has absolutely nothing to do with technical concerns.
It's a political matter, whose raison d'être we can only infer.
Time to stop the bullshit and the [s]quabbling. Chinese miners wake up! Time to try something new. It quite literally can't be worse than what's going on right now.
~ redlightsaber
Fred Ehrsam / Coinbase basically says that Ethereum is the future of cryptocurrency
https://np.reddit.com/btc/comments/4kvqwj/fred_ehrsam_coinbase_basically_says_that_ethereum/
https://medium.com/the-coinbase-blog/ethereum-is-the-forefront-of-digital-currency-5300298f6c75#.4wqiu5njb
Bitcoin has become embroiled in debate over the block size - an important topic for the health of the network, but not something that should halt progress in a young and rapidly developing field.
The developer community in Bitcoin feels fairly dormant. Bitcoin never really made it past the stage of simple wallets and exchanges.
Bitcoin’s “leadership” is ... toxic. Greg Maxwell, technical leader of Blockstream which employs a solid chunk of Core developers, recently referred to other Core developers who were working with miners on a block size compromise as “well-meaning dips***s.”
~ huntingisland
This was a good sobering read.
It is also worth noting that Coinbase was left with little choice but to broaden its offerings given the current state of Bitcoin usability ...
When BS hijacked BTC away from being money, it screwed a lot of business and usage plans. ...
Praise be to the free market and the market place of ideas.
~ veintiuno
REPOST from 12/2015: "If there are only 20 seats on the bus and 25 people that want to ride, there is no ticket price where everyone gets a seat. Capacity problems can't be fixed with a 'fee market'; they are fixed by adding seats, which in this case means raising the blocksize cap."Vibr8gKiwi
~ ydtm
https://np.reddit.com/btc/comments/4kfqyj/repost_from_122015_if_there_are_only_20_seats_on/
By the way, this shows that a certain other trending OP from today:
Why all the disinformation? Full blocks DO NOT matter, what matters is transaction fees. Currently $0.05
...is total bullshit.
But that other OP was posted in an echo-chamber of censorship (r\bitcoin).
That is dangerous (for them), because it allows them to enjoy the illusion that they are right - when in reality, they are wrong, because they are ignoring the fact that full blocks DO matter: because the overflow goes elsewhere (into fiat, into alts, etc.).
~ ydtm
We just got Blockstreamed! (Coinbase rebranding away from BTC)
https://np.reddit.com/btc/comments/4k455s/we_just_got_blockstreamed_coinbase_rebranding/
Coinbase Exchange to Rebrand Following Ethereum Trading Launch
http://www.coindesk.com/coinbase-exchange-rebrand-ethereum-trading/
Bitcoin exchange and wallet service Coinbase is adding support for ether, the native cryptocurrency of the Ethereum network. ...
This is quite significant. I would interpret this as a loss of confidence in Blockstream to provide what customers need in a timely manner.
While Blockstream wastes time figuring out how to stuff all the world's transaction data into their beloved tiny blocks, the market will move on to solutions that can actually scale and can scale NOW.
Blockstream: The world will not wait for you.
~ objectivist72
Gavin finally speaks - they are "rearranging the deck chairs on the Titanic"
~ aquentin
https://np.reddit.com/btc/comments/4koywo/gavin_finally_speaks_they_are_rearranging_the/
Gavin could post that the sky is blue and it would generate a shitstorm of controversy.
~ borg
Opinions on Gavin over there are variously:
1 - Why aren't you coding for Core?
2 - Which agency do you work for?
3 - Haha classic suxxor
A very telling series of questions that the false agenda has fermented and sunk in.
~ nanoakron
Core has solved the scalability issue!
By keeping the blocksize at 1MB they have motivated users to look to other blockchains. Problem solved!
~ solled
https://np.reddit.com/btc/comments/4k5k80/core_has_solved_the_scalability_issue/
It's actually kind of brilliant !
Think about it: no need for super dangerous hard forks, and not even soft forks. No new code needed, no testing, nothing.
All it took was 2-3 years of endless stalling, organizing some fake conventions, a bit of character assassination and demonization here and there, nothing major. Done.
It was actually very well-thought-out. Congratulations and hat off to nullc adam3us and all their drones.
~ realistbtc
Bitcoin is a giant, global "Consensus-tron" based on a fundamental meta-rule: "51% Consensus based on Greed / Self-Interest" ("Nakamoto Consensus"). Blockstream/Core is trying change this meta-rule, to make it "95% Consensus" ("Extreme Consensus") - the MOST CONTENTIOUS change conceivable in Bitcoin
The main characteristic of Bitcoin is that it is basically a kind of global "consensus-producing machine" or "Consensus-tron" - which runs based on a fundamental meta-rule of "51% Consensus + Greed / Self-Interest" - also called "Nakamoto Consensus".
Recently, Blockstream has started trying to quietly change this fundamental meta-rule of Bitcoin based on "51% Consensus + Greed / Self-Interest" ("Nakamoto Consensus").
Instead, they have proposed a totally different meta-rule based on "95% Consensus" - which they like to call "Strong Consensus", but a better name would probably be "Extreme Consensus", to show what an extreme change it would be.
~ ydtm
https://np.reddit.com/btc/comments/4l45p1/bitcoin_is_a_giant_global_consensustron_based_on/
Every binary vote has an opposite side. 95% consensus is actually 5% consensus of the opposing team. Would you like a 5% consensus system? No? Then you wouldn't like a 95% consensus system.
That's why 50% is the only valid threshold -- because it's the only one that makes both sides equal.
~ kingofthejaffacakes
The only real threshold is 51%.
~ Ant-n
Continuing on this road , soon Coinbase and Circle will probably allow to send and receive Ether, and Coinbase and Bitpay will offer the option to pay in Ether. At that point Gregonomic fee pressure will go out of the window.
The first mover led the ground work, but it's not an exclusive advantage.
Bitcoin needs to wake up from the Blockstream-induced coma !!!
https://np.reddit.com/btc/comments/4k8c8g/continuing_on_this_road_soon_coinbase_and_circle/
This is so painfully obvious. The users do not want a "fee market". Blockstream is absolutely hell-bent on giving us one, despite there being no need for a "fee market" at this point in time. Therefore the free market will do its job and provide an alternative to Bitcoin, and the users will move to the alternative where they will get what they actually want.
~ objectivist72
Bitcoin users are speaking out, and they want bigger blocks. Compare these 2 OPs: r\bitcoin: "Full blocks DO NOT matter, what matters is transaction fees" (100 upvotes) vs btc: "Capacity problems can't be fixed with a 'fee market'; they can only be fixed by raising the blocksize cap" (200 upvotes)
~ ydtm
https://np.reddit.com/btc/comments/4kjxrb/bitcoin_users_are_speaking_out_and_they_want/
The block size issue has turned me off to bitcoin entirely, I no longer evangelize, no longer buy or use them. Blockstream has destroyed all the good-will I had for Bitcoin.
Once the block sizes are larger, and continue rising with use, I'll be interested again. until then, Bitcoin can wallow in the fail
~ jmdugan
Maxwell the vandal calls Adam, Luke, and Peter Todd dipshits
https://np.reddit.com/btc/comments/4k8rsa/maxwell_the_vandal_calls_adam_luke_and_peter_todd/
Peak idiocy imminent @Blockstream-Core? Or not yet?
~ Shock_The_Stream
Just to confirm, that is the CTO of Blockstream calling the President of Blockstream a "dipshit" on a public forum.
~ Leithm
Andreas "I believe this is called a "Mexican Standoff". No segwit no HF. No HF, no segwit. Compromise time."
https://np.reddit.com/btc/comments/4kq2dm/andreas_i_believe_this_is_called_a_mexican/
2mb WAS the compromise FFS.
~ tailsta
I thought 8MB was the compromise.
~ dskloet
Actually 20MB was the compromise. The original plan was to just remove the cap and let miners implement their own norms.
~ ForkiusMaximus
Damn fucking straight, the larger block side has been compromising for over a year and they have refused to compromise from day one.
Now is not the time to compromise, now is the time to sweep them aside as they have brought nothing to the table.
These devs shouldn't even be given the time of day considering their open contempt for larger blocks and the miners should be finding devs that will give them what they need, rather than trying to negotiate with asshats that refuse to negotiate.
~ ferretinjapan
"It's truly funny how blockstream are dead against 2mb of block data using traditional transactions along with linear signature validation... but blindly think that 2.85mb of segwit + confidential payment codes + other features is acceptable."
And also funny that their roadmap allows for 5.7mb blocks when blockstream decide its ok for the hard fork.. yet they cant explain what network bandwidth restrictions are currently preventing 2mb now but weirdly and suddenly not an issue for 5.7mb next year...
https://np.reddit.com/btc/comments/4kn960/its_truly_funny_how_blockstream_are_dead_against/
It's a matter of ego and politics. From a computer science standpoint, Adam Back wanted the 2-4-8 mb scaling originally, which would have been completely safe (and smart).
Segwit is required for the Lightning Network and some other things Blockstream wants to centralize and profit from.
No better way to get something you need in there than making it necessary for scaling and saying it's the best solution.
Segwit is a backwards approach compared to the easier and cleaner solution of increasing the blocksize
~ Annapurna317
maaku7: "I don't know anyone who is actually working on a hard fork right now (although I'm sure someone is). Keep in mind very few core developers were at the HK meeting and that 'agreement' is mostly not acceptable to those who were not there."
The Hongkong Farce. Great job Core and Chinese/Georgian 'miners'!
~ Shock_The_Stream
https://np.reddit.com/btc/comments/4k74cmaaku7_i_dont_know_anyone_who_is_actually_working/
HF will never happen unless miners switch client. The problem is miners still trust Adam & Co.
The day Mike Hearn left, he told me: "Both Adam Back and Gregory Maxwell are extremely skilled manipulators, timewasters and both of them have been caught lying red handed. I strongly suggest you just ignore both of them. I do not plan to take part in Bitcoin related discussions further".
From my experience, Adam will tell you whatever you want to hear, but do something different behind your back.
Just look at his presentations he gave to the miners and others, they are full of lies and inaccuracies. This isn't rocket science.
I just can't understand why people keep buying bullshit from a guy who's not even a core dev, but president of a company that only benefits from making sure Bitcoin itself is crippled so people are forced offchain.
~ olivierjanss
That was known opinion by Mark [Friedenbach, maaku7].
He said right after HK that it is not Core's agreement, that individual developers there were not representatives for Core.
And that the HF block limit increase is not an option.
I don't know what are miners still expecting and waiting for.
~ r1q2
Is this information being sent to the Chinese bitcoin community?
Who is doing that?
How does information like this not immediately change the ballgame?
~ 8yo90
There's more than enough developer talent in the Bitcoin space to ensure a hard fork comes off successfully, but the Core developers have divided the community with lies to make it more difficult to pull off. Instead of helping achieve it, they have created community-wide FUD.
~ Reddit_My_Life_Away
https://np.reddit.com/btc/comments/4ku44w/theres_more_than_enough_developer_talent_in_the/
My opinion is that we can't have Blockstream at all involved in Bitcoin any longer.
If you keep them involved, even after a blocksize increase, we will suffer in the future.
Similar to malware, you have to remove it.
~ mti985
This is the correct way to decide "maximum blocksize"
https://np.reddit.com/btc/comments/4kwntk/this_is_the_correct_way_to_decide_maximum/
https://i.imgur.com/UTUMSwzl.png
I'm very happy to see you researching Bitcoin Unlimited!
~ Peter__R
Mike Hearn: Bitcoin’s “Young, Unripened Democracy” Suffers Under Authoritarian Developers
https://np.reddit.com/btc/comments/4k8o7x/mike_hearn_bitcoins_young_unripened_democracy/
https://www.cryptocoinsnews.com/mike-hearn-bitcoin-democracy/
Hearn describes in the interview how people in the developer scene do not truly want the cryptocurrency to be decentralized.
“They say they want so, but that’s not what they want. Bitcoin is a young, unripened Democracy, in which a group of developers hold the power. And this group is desperately trying to prevent a real vote on the future of Bitcoin.”
...
“[They] won’t vote against Core, because [they’ve] been told voting is dangerous,” Hearn elucidates. “The miners are not per se against proposals to increase the capacity, such as something like Bitcoin Classic wants. The miners refuse to vote. At this point, some developers, including myself, lost interest, because we realized it no longer was a debate about the block size. Suddenly it was trying to convince Chinese people democracy is a good thing.”
~ Mike Hearn
Sadly, he sounds like the voice of reason in a world gone mad.
~ realistbtc
I think the Berlin Wall Principle will end up applying to Blockstream as well: (1) The Berlin Wall took longer than everyone expected to come tumbling down. (2) When it did finally come tumbling down, it happened faster than anyone expected (ie, in a matter of days) - and everyone was shocked.
~ ydtm
https://np.reddit.com/btc/comments/4kxtq4/i_think_the_berlin_wall_principle_will_end_up/
When push comes to shove, people are going to remember pretty damn quick that open-source code is easy to patch.
People are going to remember that you don't have to fly to meetings in Hong Kong or on some secret Caribbean island ... or post on Reddit for hours ... or spend hundreds of thousands of dollars on devs ... in order to simply change a constant in your code from 1000000 to 2000000.
http://38.media.tumblr.com/fa44a78d7d6f6a2e0536e611e43093a8/tumblr_inline_mjh5diUr7t1qz4rgp.jpg
PSA: when someone asks for info about a transaction getting stuck, stop saying that the fee was too low or his wallet did something wrong. The correct answer is that currently Bitcoin is broken.
~ realistbtc
https://np.reddit.com/btc/comments/4k44cf/psa_when_someone_ask_for_info_about_a_transaction/
Artificial capacity restraint by Core devs is the correct answer.
~ flamingboard
This is so true.
I mean, look at the logic.
If $0.01 is not enough, and everyone sets it at $1.00, then it is still not enough because the number of transactions at the 'higher' price is still too many and blocks are still full with transactions being ignored.
~ canadiandev
This is why I think Blockstream's mission is to hurt bitcoin.
I cannot believe that they genuinely can be so stupid to ignore this aspect.
~ usrn
The core devs (Wladimir and Maxwell) do not care about the price of bitcoin. They do not care to give investors a clear indication of what capacity will be in the near or mid future. This is contrary to the fact that everything else is known. Roger Ver is right.
Investors (Hodlers) are a large part of what makes bitcoin valuable. Without a clear indication of what capacity is going to be in the future there is no clear indication of what the worth of Bitcoin actually is.
~ specialenmity
Unfortunately, I know of multiple companies with more than 100,000,000 users that have put their bitcoin integration on hold because there isn't enough current capacity in the Bitcoin network for their users to start using Bitcoin.
Instead they are looking at options other than Bitcoin.
~ Roger Ver / ~ MemoryDealers
Gregory Maxwell (nullc) & /bitcoin have deleted my posts
They have also banned me from any discussion on their subreddit.
I was simply posting that Gregory Maxwell (nullc) is lying when he says "the Chinese Bitcoin community stands behind us".
This is false, they do not.
In fact, a respected member from the Chinese Bitcoin community said this: "Do you know that what you are doing is harming bitcoin by spreading misinformation? I'm from China. I can just tell you the common sense in the Chinese Community of Bitcoin. No one likes BlockStream now! People in China all know that it is Greg Maxwell who is blocking bitcoin by limiting block size. I dare say, your company can never develop any business in China in the future."
~ taxed4ever
https://np.reddit.com/btc/comments/4l6p57/gregory_maxwell_nullc_rbitcoin_have_deleted_my/
Jihan of Antpool, great response in regards to Chinese Bitcoin discussion on /bitcoin I was banned from:
Maxwell,
When you talking about "in fact", it smells like no fact. You are spreading very serious rumors about the mining network situation. Antpool has been connected to Relay Network and also testing a new network called Falcon after being invited. The total network orphan rate has been keeping lower and lower in the past months, which is an evidence that the network is working in a much better situation. Antpool in the past April have only 1 orphaned block, which is an evidence that there is no selfish mining situation - a selfish mining attack will generate higher orphan rate on both competitors and attackers. On the https://poolbench.antminer.link/, you can find ... the performance of a mining pool. (This is a third party site, this is fact.)
Antpool and other mining pools had made the position clear as water since in the Hong Kong meeting, that SegWit+HF [is] coming as package. If you just realized right now, ... the communication problem inside Core, you cannot blame anyone else. We will not activ[ate] the SegWit until seeing the promised (by "individuals" yes I know Maxwell could not be represented) HF code being released in Bitcoin Core. If everything is progressed according the HK Consensus, the SegWit will not be stalled. The SegWit as a very th[o]rough improvement/change [and] will need to be carefully tested and reviewed after its release, at least for several months. During which time the HF can be proposed, defined, implemented and released. While the max blocksize limit lifting can be activated later, but as the code is already contained in the release, most of the economic nodes in the network will be compatible with the coming blocksize bumping up.
Bitcoin is a worldwide economy infrastructure and it requires working together and moving forward. Greg, you need to have some self control from talking like a human flesh fascist propaganda machine, trying to attack anyone who disagree with you.
Please don't tag those concerns as "pro-altcoin". (Another evidence of your problematic speaking style.) The concerns are genuine concerns. Some of the concerns coming from people who hold very large stake of Bitcoin since early time. Bitcoin is not the only cryptocurrency in the town. I also see some small blockers are very active in the competing coin development. You cannot use this methods to distinguish people at all. Then stop judging people's intention and unrelated behavior but focus on the problem itself.
The only thing I have to add is that you can't wait for Mr. Maxwell and his company to deliver their promise. It is a toxic arrangement and we need to focus on looking past them, repairing the damage and working towards the future. When there are too many lies and scandal involved, you have to cut your losses and walk away. Investors around the world will be confident once we start making firm moves. Positive press from Forbes will help repair confidence with investors.
Either way, thank you!
We are all committed to working together.
~ taxed4ever
This is fine.
https://np.reddit.com/btc/comments/4kqdh8/this_is_fine/
http://imgur.com/KdfJI2G
~ bitkong-me
Picture characterizing the situation very well!
~ Amichateur
In successful open-source software projects, the community should drive the code - not the other way around. Projects fail when "dead scripture" gets prioritized over "common sense". (Another excruciating analysis of Core/Blockstream's pathological fetishizing of a temporary 1MB anti-spam kludge)
~ ydtm
https://np.reddit.com/btc/comments/4k8kda/in_successful_opensource_software_projects_the/
ashmoran explains why Blockstream's behavior flies in the face of the Agile Manifesto, a guide that is widely applicable to open-source software development:
https://np.reddit.com/btc/comments/4asyc9/collaboration_requires_communication/d13av94?context=2
The essence of Gavin's point reminded me of the things the Agile Manifesto was meant to address. ...
The behaviour of Blockstream is like the most pathological cases of capital-E Enterprise software development I've seen.
~ BobsBurgers4Bitcoin
Samsung Mow: "@austinhill @Blockstream Now it's time to see if Greg Maxwell is part of the solution or the problem."
~ Egon_1
https://np.reddit.com/btc/comments/4kipvu/samsung_mow_austinhill_blockstream_now_its_time/
Not enough popcorn in the world for this.
~ kanaarrt
Samson Mow is part of the problem.
~ Domrada
Chairman Mow can be a very annoying creature
~ hiddensphinx
He makes bad choices, he's unprofessional, he's cost us money, the list goes on and on.
~ mfkusa
Trouble on the home front.
I don't think Greg has it in him to "give in"; he has to be "right" at all costs.
~ buddhamangler
This is what I'm hoping, as, "giving in" will mean he'll walk away from Bitcoin.
~ ferretinjapan
Why is it not recognized that ANY block size limit is a hack on a hack
Bitcoin will NOT work right until the size limit hack is removed entirely. The limit is being leveraged to justify many actions. All of which would be moot if the limit did not exist.
https://np.reddit.com/btc/comments/4kbcaa/why_is_it_not_recognized_that_any_block_size/
You're absolutely right. Miners have always regulated the size of their own blocks and still do.
We see it in the form of excluding zero-fee transactions, SPV mining, spam filtering, etc.
They will do the same without a limit.
All in the name of maintaining profitability.
~ cypherdoc2
It's true that almost every single argument Core makes for limiting the blocksize, if correct, should be what the miners/investors would do anyway if left to their own devices.
~ ForkiusMaximus
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ExpertOption Review

Compared to other binary options brokers out in the market, ExpertOption is relatively new but is starting to gain traction among established traders. As a trading platform, the website is under the supervision of the Russian FMMRC, with the license number TSRF RU 0395 AA Vv0084.
We reviewed this trading platform, and based on the initial data and experience that we have collected, we can say that we are satisfied with the results. Our initial thoughts is that this trading platform can work for beginners, or those who want to start small in trading.

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The user interface is easy to understand, and provides guidance to traders on how to perform the trades. The platform also provides choices when it comes to assets like indices, currency pairs and commodities like crude oil and gold. The only concern here is that traders are only offered short term expiry times. There is also an app that can be downloaded on iOS, and an app for Android devices are expected to follow.
As a broker, ExpertOption is known to deliver a number of promising features. But one should keep in mind that the type of services that can be enjoyed will depend on the type of account opened with the website. There are four different types of accounts that customers can consider. Each account has its own set of features and benefits, and we recommend that the interested trader should check each option and the features that come with it.
One of the things that you will notice with the platform is the comprehensive explanation of the bonus terms, and this can be read in the website’s Terms section. These bonuses are subject to x50 turnover before the said amount can be withdrawn. Also, the operator gives its members the opportunity to reverse the bonus, but this can be done before placing any trade after collecting the bonus. With ExpertOption, anyone can start small with its $1 minimum trade. This minimal entry fee can help new traders test the market before pushing ahead with large deposits and trades.

Popular Features

The platform used on the website is developed primarily by ExpertOption, which is in contrast with the other trading platforms that make use of the software designed by others. The proprietary software is easy to understand, and can work for both the new traders and experienced ones. The software is loaded with features that can allow traders to complete technical tasks, which can then boost profits and streamline online transactions. Here are other top features and tools that you can enjoy as a member of ExpertOption.
  1. Presence of a Demo Account. There’s a demo account available, and this does not require a download. As soon as you register an account, you will be provided access to this demo account with $1,000 in virtual money. When we tested the demo account, we found out that the account features larger-than-usual profit figures, which is a bad thing since it is conditioning the minds of the traders that they can profit big-time with this platform. We see this as a marketing ploy yo motivate traders to trade real money.
  2. Access to training and educational materials. Just like other trading platforms, ExpertOption also gives its members access to helpful resources that can be used for training. These resources and tools are posted on the site’s Education section. The materials that are contained here can help the beginners get a better understanding of the market and trades. You can also find a Glossary, where the important terms and technical words are explained.
  3. Mobile trading also available. There is a mobile trading platform too which can help traders complete the trades in seconds. The app is available on the Google Play Store or the Apple Store. The app can be downloaded to your iOS or Android phones.

Our Concerns

As a new player in the market, ExpertOption faces some tough challenges. For example, many traders see the platform as untested with no solid experience to speak of. When we tested and reviewed the platform, we are also concerned by its inexperience in handling trades. To help the management improve their services, we have listed some of the things that can be improved on the website.
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Insider John Review –Thinking Of Buying ? Don’t !! Binary App 810 – How It Work ?

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Binary Boom Review 2015 - Is Binary Boom SCAM? So How Does Binary Boom Software Work?? Binary Boom By Dennis Anker Review

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How to Trade Binary Options 2016 -Trade 60 Second Binary Options This is how to trade Binary Options Full Time! - YouTube HOW TO TRADE BINARY OPTIONS? - Binary Options Strategy With Best Binary Options Brokers BINARY OPTIONS STRATEGY - 90% WINS - Most profitable of ... 3 Best Strategies to Trade on Expert Option Profitably ... How to trade binary options with Instaforex How To Trade Binary Options Profitably - Over 5,000,000 People Already Registered - And You

A binary options trade usably involved three steps: First, you choose a trade expiration time, this is the time you want the trade to end. It could be any time period between a minute and a week - usably it is within the day. Second, you choose Call or Put. If you think the price will end up above the current price: you click the buy/call button. If you think the price will end up below the ... Click here to review our list of binary options brokers. Traders can trade binary options with as little as $100 and can build up their profits quickly. Some binary options brokers offer a minimum option investment for as little as $10 and offer up to 89% returns on their invested amount (about $8.9). Due to the fixed risk that binary options trading has to offer, the trader is well protected ... This is why they are referred to as binary options trading. Binary means 0 or 1. In this case, it means all (payout) or nothing. There is nothing in between. It’s either a win or a loss. Binary Options Trading have a fixed expiration; i.e. a fixed time and date. You can trade binary options in 2 ways; either manually or by auto-trading. 20 Best Binary Options Brokers 2020: This is a review of some of the best binary options brokers. The review is essentially a binary options brokers list 2020. The review will give you a deeper understanding of how they operate. The review seeks to arm you with relevant information before you get involved with binary options. Read more related posts. If the trader predicts correctly, then the profit made can go up to 91% depending on the broker and the asset how to trade binary options profitably Binary Options Trading Tips & Strategies – We possess a wide range of trading which may be beneficial for many binary options traders. If the guess is correct, you’ll get a reward in the form of up to 191% of the ... How to Trade Binary Options Profitably appears to be the culmination of Mr. Mann’s knowledge and research. All of this is designed to educate the user and enable a greater understanding of binary options. Armed with this knowledge users are placed in a position to choose the best brokers, systems and trades and from this, generate revenue. There are many websites and advertisements which will tell you that becoming a profitably binary options trader is as easy as 1-2-3. While the steps you take to actually input your trades into the binary options broker’s website may indeed be that quick and easy, being able to click your way through a trading interface does not mean you will become a profitable trader. Profitable trader ... Introduction Video – How to Trade Binary Options. These videos will introduce you to the concept of binary options and how trading works. If you want to know even more details, please read this whole page and follow the links to all the more in-depth articles. Binary trading does not have to be complicated, but as with any topic you can educate yourself to be an expert and perfect your ... Binary Option Singapore has recently gathered a tremendous amount of interest amongst day traders in Singapore and beyond in recent years. Trading Binary Option in Singapore offers a number of key benefits compared to trading conventional forex or cryptocurrencies, due to the significantly higher FIXED Return on Investment (more than 70% or more) as well as the much shorter duration of trade ... As such, Binary Options may not be appropriate for you. You should not invest money that you cannot afford to lose. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk appetite. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating ...

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How to Trade Binary Options 2016 -Trade 60 Second Binary Options

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