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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]

Thermodynamics & Silent Weapons for Secret Wars or Crypto Anarchy 101: Statists Failing & Anarchists Thriving

Crypto Anarchy 101: Statists Failing & Anarchists Thriving
The black-market, the free-market, is what kept people alive throughout the worst of oppressions. The black market has been the art of surviving amidst all types of tyrannies and slaveries. The black market, aka System D, is something that everyone in the world will need to start getting comfortable with. CryptoAnarchy is the ultimate manifestation of complete market freedom, and it is here to stay.
Libertarians are beginning to finally realize their incredible advantage within this new market environment. The unfortunate statist masses have been programmed to feel uncomfortable with the mere idea of complete market freedom. Keep in mind that as of 2009, half of the world’s workers- around 1.8 billion – were employed by System D. The black market is only expected to grow even more so with the incentive structures being built out in order to advance the technological advancements of cryptography.
Humanity has never experienced a true free-market until now. For the first time in history one is beginning to take shape. The traditional business sector is beginning to realize that they are not even mentally equipped for the implications of having applied cryptography that is powered by market incentives. This is evident in their trite attempts at integrating these new technologies with traditional banking and financial systems. Their lack of creativity, and dependence on government, is a clear testament to how much they will be hurt in the coming future.
Statists Double Down after Failure: Tether and Stablecoins
Many within the crypto space have attempted to bridge the gap between legacy banking and cryptocurrencies. Amongst the various attempts at capitalizing with these new technologies, the idea of a stablecoin entered the space via Tether (USDT).
A stable coin is a cryptocurrency that is pegged on a 1 to 1 ratio to the US dollar, or any other asset- like gold- or fiat. Tether operated as a stable coin pegged to the US dollar on a 1 to 1 ratio. The biggest attribute behind stablecoins resided in their ability to provide stability in an otherwise volatile market.
For a long time many within the crypto space were curious about Tether’s means of operating with USD. Earlier this year TDV was the first entity to exclusively reported to its subscribers the origin of Tether’s “secret sauce;” fractional reserve banking.
The laws of fractional reserve banking allowed the Noble Bank of Puerto Rico to provide Tether with the legal means of operating as a stable coin pegged to the US dollar. The Noble Bank recently went bankrupt due to being insolvent. Noble Bank was the bank of Bitfinex and Tether. As a result, Tether and Bitfinex ended their relationship with Noble Bank.
It is important that you as a subscriber move your crypto out of Bitfinex. You should never keep your cryptoin exchanges. When you do this you don’t actually control the private keys of your coins.
(If you are an active trader, please consider using Bisq. Bisq is an open source decentralized exchange that does not control your private keys while trading. It is the most Anarchist exchange in the market right now.)
After losing its partnership with Noble Bank, Bitfinex began banking with HSBC. On October 15th, Bitfinex tweeted that their fiat deposit system was re-enabled. Overall, Bitfinex is still in the midst of reorganizing itself as an exchange with proper banking liquidity. For this reason we are of the opinion that it is best to stay away from Bitfinex until they are more solvent in their banking partnerships.
Tether (USDT) on the other hand is suffering from a lack of proper banking structures. Binance paused all USDT withdrawals and KuCoin, the exchange, also paused USDT deposits and withdrawals.
Tether is currently at around 2.1bn dollar market cap. Tether holders are having a difficult time cashing out of their Tether for USD. It is expected that unless Tether gets its banking situation sorted out, we will see movement out of Tether. This situation has caused the price of Tether to hit a low of $0.90 to the USD. As of writing this, Tether is trading at around $0.97 to the dollar.
The situation for Tether is dire at the present moment. We expect to see many Tether holders drop their Tether for Bitcoin, or other more cryptographically secure cryptocurrencies. This will more than likely be one of the main strategies that will be implemented in order to cash out of Tether.
This overall situation is once again showing us how unstable things are when dealing with fiat. We hope for the market to realize that there is more security in cryptocurrencies than there is in fiat backed stablecoins. Stablecoins will always have the instability of the fiat currencies that they are pegged to. The time will eventually come when people will realize that cryptocurrencies are a better store of value than stablecoins.
In spite of all of the issues circulating Tether, statist entrepreneurs are doubling down on their desire for stablecoins. We are seeing the beginning of what we believe will be a trend in the upcoming future; that is, stable coins pegged to various countries’ fiat and assets like precious metals. The new USD stablecoins recently announced to the market are GeminiUSD, TrueUSD, and Paxos Standard.
Volatility as a Sign of Life in the Market
Contrary to the statist perception on volatility, one can also view volatility in crypto as proper to a market that is fully alive. Crypto, for the first time in history, freed the market from bankster manipulation. Arguably, volatility is to be expected in an unregulated free-market where everyone in the world is for the first time welcomed to participate.
In comparison to the legacy financial system, crypto is fully alive while the former is handicapped by regulations, coercion, and disconnected from true free-market signals. That is, volatility signals of a free-market that breathes freely for the first time. Volatility is indicative of a market that is fully alive.
The desire for individuals to attach crypto to the legacy financial system, under the pretense of “less volatility,” is indicative of individuals that will have a hard time operating outside the bounds of regulation and government coercion. As long as we have statists uncomfortable with Anarchy, we will have stablecoins pegged to fiat.
Various Libertarian entrepreneurs are also beginning to dabble with the idea of a stablecoin that is pegged to precious metals. The challenge of these projects will be the same regulation that oversees fiat. Remember that the difference offered to the world by cryptocurrencies resides in crypto’s ability to operate freely within System D, without regulation. It is this new market, the true free-market, that for the first time is unstoppable.
Bitfinex’s Effect on EOS
Bitfinex is one of the entities that holds the greatest amount of votes for EOS Block Producers (BPs). For this and other reasons, we are currently expecting a shakeup of votes for selected top BPs. It is important that you remain attentive to the happenings within EOS and move your votes accordingly.
We will soon be coming out with more details on our perceptions regarding various BPs.
There are various discussions regarding BPs pending arbitration. This is a good thing. All shakeups lead us closer to more transparency and accountability. This should not directly affect the price of EOS, aside from what will result from the expected FUD of future BP shake-ups.
The Resilience of CryptoAnarchy after Blockstream’s Fake Sidechain
Amongst the various innovations within Bitcoin, sidechains have- for the past 5 years- existed as one of the holy grails of innovation. Blockstream, as a company, was put together to manifest sidechains. They sold us the concept of a sidechain as they were sourcing capital during their first rounds of investment; this was in October of 2014.
Sidechains were supposed to be delivered by Blockstream as a way to make Bitcoin innovation competitive to that of altcoin innovation. Sidechains were supposed to be “the Altcoin killer.”
After all of this time, Blockstream only delivered Liquid - which is not a sidechain- and called it a “sidechain.” That is, Liquid is not a sidechain when properly defined. Liquid is a multi-signature layer that allows for multiple exchanges to pool their money together to transfer funds amongst themselves. Liquid is not a true sidechain, it is more precisely a multi-signature wallet.
Calling Liquid a “sidechain” was just a marketing scheme by Blockstream in order to impress the illusion that they had delivered what they had promised. They didn’t. Blockstream gave up in attempting to create a true sidechain and created a multi-signature wallet instead. Keep in mind that Liquid is a “private sidechain.” Note that a proper sidechain ought to be made with open-source innovation in mind. Many of us see the actions of Blockstream as a bait and switch marketing scheme.
(For the rest of this article I will use the words “Drivechains” and “sidechains” interchangeably as synonyms. Drivechains are what sidechains originally were supposed to be- according to the original Blockstream Sidechain white paper. Blockstream’s bait and switch marketing scheme led to them calling “sidechain” a multisignature wallet that is not at all what they promoted on their white paper. Paul Sztorc, in an attempt to differentiate himself from the Blockstream perversion of the word “sidechains,” called his development of true sidechains “Drivechains.”)
Drivechain Sidechains
Paul Sztorc, the creator of decentralized prediction markets, was very much looking forward to Blockstream’s creation of sidechains. It was his hope that his decentralized prediction market would run as a Bitcoin sidechain. At about the end of 2015 Sztorc was done with BitcoinHiveMind, his decentralized predictions market (previously known as TruthCoin).
After realizing that Blockstream was not going to deliver on sidechains, as promised, Sztorc felt he needed to build it himself. The creation of his Drivechains started off as a means to an end for Sztorc; he needed true Sidechains for his decentralized predictions market- so he build it himself.
On September 24, 2018 Paul Sztorc announced the launch of the first Drivechain release. This release was accompanied with fervent followingof old-school Bitcoiners that immediately jumped into experimenting with Drivechains on the testnet known as “Testdrive.”
The Drivechain protocol is an alternative to the sidechain project originally proposed by Blockstream. It is a simpler design that enables blockchain compatibility in which the system still utilizes the same 21 million bitcoin ruleset- the Nakamoto consensus.
Drivechains are intended to allow for permissionless innovation without diluting or challenging the value of the main cryptocurrency. Contrary to other means of innovation within crypto, any innovation that comes from a Drivechain sidechain actually adds value to the Bitcoin protocol- for it does not dilute the main cryptocurrency. Satoshi vaguely discussed the importance of the ideas of sidechains and multi-blockchain connectivity on June 17, 2010.
This creation, of providing varied market options, make infighting and political discourses regarding consensus upgrades now seem infantile. Drivechains will provide the market with ongoing competitive solutions for blockchain development. Investors will now be exposed to options that would otherwise have been shunned in a less free environment.
The strategic advantage of Drivechain sidechains is that they will offer investors various options in the form of alternative chains. It is important to keep in mind that Drivechains are available for blockchains with the same UTXO set. That is, Drivechains are available for both BitcoinCore (BTC) and BitcoinCash (BCH).
How Drivechains work
Namecoin was the vision of early Bitcoin adopters of creating a DNS and identity infrastructure based on Bitcoin; that is, .bit DNS. This technology piggy backed on top of Bitcoin mining. That is, if you so chose you could merged-mined Namecoin alongside BTC or BCH. Namecoin can absorb hashrate from BTC or BCH without needing its own miners.
Merge-mining with BTC or BCH is also the process of validating and safeguarding Drivechain sidechains. Unlike Namecoin, Drivechain sidechains don’t require miners to run special software. For Drivechain sidechains miners implement what is known as blind-merge-mining. In blind-merge-mining the nodes of the sidechain run the software, not the miners. This operates under the assumption that the nodes running the software also hold BTC or BCH.
A payment fee is paid to miners to blind-merge-mine the sidechain, in a similar way that Namecoin merge-mining pays a fee. In this process, miners don’t have to run any software- they just passively make money for blind-merge-mining blocks with sidechains.
The main difference with sidechains is that you are not mining another coin like Namecoin, but rather you are mining the same BTC or BCH in another sidechain when you do the blind-merge-mining. Miners don’t get paid with the sidechain, they receive payment from the mainchain that they already trust when they blind-merge-mine. Miners are also economically benefited by always getting paid in the superior coin that they are already intentionally mining; BTC or BCH.
As BTC or BCH moves in and out from the mainchain to a sidechain, there might be claims of ownership that may cause disputes. Drivechain prevents this by emphasizing the superiority of the mainchain over sidechains. Sidechains have to report on exactly what it is doing- at all times- to the main chain. Whenever a sidechain wants to transfer money back to the mainchain it has to do it very slowly. This safeguards the network from theft. The slow movement of funds from the sidechain to the mainchain can be arbitrage by individuals who will be willing to purchase sidechain receipts for BTC or BCH coming from sidechains at a discount. People will also be able to do atomic swaps between chains in the near future. (Atomic swaps, or atomic cross chain trading, is the exchange of one cryptocurrency to another cryptocurrency, without the need of trusting a third-party).
It is the intent of Drivechains to create the interaction of miners with sidechains as seamless as possible. However, it is still important to have guarantee that money ends up in the right place. This is the reason for the slow movement of funds from sidechains to the mainchain.
The movement of a certain amount of transactions coming from a sidechain to the mainchain is batched up into one transaction with its own transaction ID. This transaction is frozen in place where miners and developers can examine it for at least a month (there are talks of even making this process longer between 3 to 6 months). During this time miners vote on whether to allow the payment to go through or not. Upon receiving enough upvotes, the batched up transactions are released unto the mainchain. The slowing down of movement of BTC or BCH from sidechains to mainchain decreases the threat of miners stealing BTC or BCH from a sidechain.
The sidechains are always watching the mainchain, so they know to credit people immediately when the mainchain sends money to it. Sidechains also know when the miners have accepted the release of batched up locked funds that are released unto the mainchain. Once the sidechain receives notification of the miners acceptance of funds in the mainchain, the sidechain destroys the funds that were frozen awaiting miner upvotes.
It is overall acknowledged that sidechains increase the value of BTC and BCH, which eventually make mining more profitable. It would be counterproductive for miners to attack and steal funds from sidechains. That is, miners acting maliciously decreases the value of their own equipment. In spite of this fact, it is good that Drivechains make it increasingly more difficult for theft to occur.
Miners, through their voting process, also get to punish bad sidechain actors. Any malicious sidechain will be cleaned out by miners. This is the opposite of the Ethereum model where anyone can code anything into the Ethereum blockchain, to the point that it could become a detriment to the Ethereum mainchain itself. That is, anyone can create a new ERC20 or ERC721 token without any vetting from the network.
Coins are moved from the mainchain to the sidechain by means of sending coins to an address that represents the sending of funds from the mainchain to the sidechain. Anyone running the given sidechain software will recognize that funds were sent to the sidechain- this will automatically credit the person with the same amount of BTC or BCH on the sidechain. Also, the sidechain is programmed to recognize the reception of funds unto the mainchain address from where it will automatically credit the user the same amount of BTC or BCH unto a sidechain wallet. People on the mainchain don’t have to know anything about this particular address. As far as they know, it is just another address.
Embrace the Spontaneous Order of Market Anarchy It is important that people within BTC and BCH take on a more Hayekian approach to entrepreneurship. Many within crypto are uncomfortable with the mere notion of spontaneous order. It is important that we as Ancaps lead the way in motivating people to experiment with their entrepreneurship.
In the past few years, the desire of individuals to covet the development of crypto has become more apparent. These people need to be ignored. No one is the leader of Bitcoin or crypto development. The best innovators within crypto are those that create tools that empower other entrepreneurs to create more options.
It is this spontaneous order that we should welcome and promote at all times. Many within BTC and BCH will not accept or feel comfortable with the radical spontaneous order enabled by Drivechains. This is good reasonto brush up on your Austrian Economics in order to properly confront minds that are fearful of human freedom.
The Ancap entrepreneurs who are most comfortable with spontaneous order will be the same ones who will produce the greatest amount of value. The development of CryptoAnarchy is guided by the science of praxeology and Austrian Economics. Drivechains are testament to the augmentation of our libertarian order are necessary for CryptoAnarchy to thrive.
Drivechains and Investment Strategy
The philosophical and economic advantage of sidechain innovation is that it enables the development of BTC and BCH with an investor-centric intention. It is the market’s investment that now decides the best means for scaling and development. Politics and propaganda take an almost insignificant backseat to that of market forces. The technology is now readily available for investors to test drive with their BTC or BCH on any given proposed sidechain. That is, you actually get to experience the value, or lack of value of a new innovation without jeopardizing your position as an investor.
All investment decisions are about strategy. Sidechains empower the investor’s strategy by allowing the investor to survey all of the possible value propositions of his/her original investment without having to incur any actual costs. In a similar way, sidechains also provide developers with quick market feedback on the aspects of development that are most favored by the market.
Drivechains are a pivotal step in maturing the crypto space into becoming more conscientious in considering the investment strategy of those buying the coins. It is important for innovators to start taking the investor’s strategy into account. Drivechains force developers to consider what is best for the investor, not just what is desired by a given team of developers.
Here we have not only a better proposition for investors, but also an incentive for developers to use Drivechains in future crypto experimentation. When experimenting with an altcoin, the measure of success is contingent on this new altcoin gathering a new pool of investors to literally buy into the project. With a sidechain you are already dealing with a more seasoned group of investors that will provide you with more accurate market feedback, being that their investment is now fortified by all other sidechain experimentations that they have already tested at no cost.
Altcoins will soon no longer be the locus of innovation within crypto. All future innovation will be offered the option to experiment within BTC or BCH via sidechains. Keep in mind that all previous innovations, already tested in the market by successful altcoins, are now easily adopted by BTC or BCH. It is also important to note that creative experimentation on sidechains do not at all jeopardize the mainnets of BTC or BCH. On the contrary, sidechains will make BTC and BCH much more valuable. When the Drivechain craze begins we will see a BTC and BCH bull run. Don’t be surprised if sidechains are the main reason for the next all time highs.
Statists Failing & Anarchists Thriving
It is important that we understand that the legacy banking system is completely dead. They are barely adopting simulations of cryptocurrencies unto their banking structures to stay alive. Stablecoins are a manifestation of this bankster angst to remain current.
True market innovation is found in the embrace of Market Anarchy. CryptoAnarchy is growing exponentially with tools that are beyond the reach of state megalomaniacs. Drivechains are an example of the CryptoAnarchist tools that will result in further anti-fragility of this new crypto free-market.
Proper Austrian Economic incentive structures coupled with applied cryptography is our lethal weapon against nation states and central banks. Arguably, our Ancap philosophy is what guides applied cryptography in the market towards success. For this reason it is important that we keep revisiting the texts of Rothbard, Mises, Hayek, and Konkin throughout our crypto endeavors. Peace!
by Rafael LaVerde
Source
TL;DR: How familiar are you with thermodynamics and silent weapons for secret wars? How familiar are you with the Brave New World Order?
submitted by 2012ronpaul2012 to conspiracy [link] [comments]

The Monero Missives (weekly report) - September 16th, 2014

Original post is here
Monero Missives
September 15th, 2014
Hello, and welcome to our twelfth Monero Missive! This is our first Missive after a bit of a break whilst we thwarted two related blockchain attacks. Nonetheless, we have not sat by idly, we have been finalising and completing a brand new aspect of Monero designed to protect your privacy now and in the future: the Monero Research Lab
Major Updates
  1. The Monero Research Lab is an open collective and a multi-faceted academic group focused on the ongoing improvement of Monero. Membership is not fixed, and comes and goes as researchers become interested in Monero. This isn't a group focused on the addition of "features" to Monero, but rather the analysis and improvement of the underlying core of Monero to make sure that the theories and cryptography behind Monero continue to remain robust and sound. With that in mind, we are proud to announce the release of the first two publications out of the Monero Research Lab: MRL-0001 - A Note on Chain Reactions in Traceability in CryptoNote 2.0 - this is a research bulletin that investigates how a chain reaction could weaken the blockchain resistance properties of CryptoNote's ring signatures if low mixin values are consistently chosen MRL-0002 - Counterfeiting via Merkle Tree Exploits within Virtual Currencies Employing the CryptoNote Protocol - in this research bulletin we investigate how the block 202612 attack occurred and what it exploited, and also covers the permanent fix we have put in place
  2. This week Friday we're going to have our second #Monero-Dev Fireside Chat this week Friday, September 19th, 2014, at 10:00 EST which is 14:00 UTC and 16:00 UTC +2. For a full table of the time zones you can refer to this image, or you can use this online tool to add your city and make sure you have the correct starting time. Please note that this is a developer event, and so most of the focus will be from that perspective.
  3. To pick up where we left off with our last Missive, we are also happy to announce the availability of Monero merchandise on the Monero Gear store, powered by Zazzle. The advantage of us using Zazzle is that it is on-demand and we never have to worry about print runs or stock or anything. In return we get 15% of each sale as a "royalty" that will go towards enabling further Monero development, although Zazzle do not (yet!) accept Bitcoin or Monero. We hope to add new designs to the store on a regular basis. You can check the store out here: http://www.zazzle.com/monerogear* or take a peek at some of the new designs right here
  4. We are also pleased to announce the release of URS, a Monero project written in Go that allows you to sign messages using ring signatures as part of a group. The signature can be verified, but it cannot be determined which one of the signatories in the group did the actual signing (just like Monero uses for transactional unlinkability!). You can take a look at the project here: https://github.com/monero-project/urs, and the Bitcointalk thread dedicated to the project is here: https://bitcointalk.org/index.php?topic=768499.0
  5. We have a new tagged release, 0.8.8.4, available for download (binaries: Windows, Mac, Linux, FreeBSD). This adds the following features: Testnet: we now have an operating testnet. When using bitmonerod or simplewallet you can now use the --testnet flag to use testnet instead of mainnet. Feel free to run a mining node or just a testnet node, we will be setting up email alerts for testnet nodes when an update is pending (although having a few older testnet nodes on the network won't hurt testing). FreeBSD Compatability: Monero now works on FreeBSD out the box. We will add it to the ports tree soon. At the moment compilation is no different from regular Linux and Unix compilation, and the same dependencies apply. GPG commits: we have begun GPG-signing commits and merges. This is an important step in maintaining the integrity of the codebase, and will ensure that any compromise of our computers or even the github account won't allow a malicious attacker to push code to the repository without the unsigned commits being spotted. Verification can be done by running 'git log --show-signature', which will show and verify signatures. An example of what you should see can be found here Versioning: versioning is a lot easier, now, as tagged releases from 0.8.8.4 onwards will show version-final (eg. 0.8.8.4-final) as their version, and those built between tagged releases will show version-commithash (eg. 0.8.8.4-9088ea1). We expect this will greatly aid in debugging problems, as we can immediately pinpoint the actual version / commit a user is on. Logging: default log levels have been adjusted so that non-critical warnings are now relegated to log-level 1 and above. Apart from the normal reorganisation notifications, the only messages in red that should show up in the daemon are actual errors.
  6. We have slowed down development on the GUI to give us a bit more time to focus on the Monero internals. This is especially important given the recent attack. However, work has not come to a complete halt, and so we wanted to show off a couple of pages from the first start wizard. Bear in mind that these aren't mockups, this is the actual running Qt interface: http://i.imgur.com/jzUvSEP.jpg, http://i.imgur.com/Bj1PTcU.jpg, http://i.imgur.com/oirzi9n.jpg, http://i.imgur.com/ACDmOFJ.jpg
  7. Monero has been added to another exchange, Coin Swap. You can find the market here: https://coin-swap.net/market/XMBTC
Dev Diary
Core: because of all of the rapid changes that we had to merge into master to deal with the aftermath of the block 202612 attack, we have to bring the development branch in sync. At this stage the development branch should not be considered usable until the rebase is complete.
Build: the big change is FreeBSD compatibility, as mentioned above. A more subtle change is that the build will now first look for miniupnpc on the local system, and use that if found. If it fails to find miniupnpc it will fall back to the local copy.
Build: there is a new Makefile target, release-static, that builds statically linked binaries for redistribution. At this stage it forces 64-bit builds, once we have the embedded database working cleanly we can remove this.
Wallet: per-kb fees are nearly complete, and will be deployed to testnet within the next week or so. Once some thorough testing has been done on testnet we can merge this into master, and transaction fees can return to "normal".
Blockchain: this took a bit of a backseat with the blockchain attacks. Now that things are back to some semblance of normality, the first implementation can be written. We have chosen LMDB for the initial implementation, as this will allow us to rapidly write a Berkeley DB interface based off of it (they use similar APIs) and thus have a baseline for performance comparisons.
Core: all non-critical "errors" and warnings have been moved to log-level 1. As a developer, you may find it useful to run log-level 1 or 2 as your default.
Until next week!
submitted by fluffyponyza to Monero [link] [comments]

“Anonymous” - Comedy Gold Survey on Monero (XMR)

Testimonials
“Not enough trolling” - nanoakron, XMR Contributor
“you are so obviously a shill” - ButtBazaar, in comments on the ETH survey
“Wow.” - jstolfi, in reply to the ETH survey
Survey ID: 00002
Coin: Monero (XMR)
Client: jwinterm
Executive Summary
Monero is a leading privacy-oriented cryptocurrency. It was originally forked from Bytecoin which introduced Cryptonote, and whose launch was so bad they needed another chance to get it wrong. After their launch, they were a proving ground for Bytecoin exploits. Since then, Monero has become the leader in Cryptonote comedy gold, surpassing Bytecoin. Its future promises exciting drug market comedy gold, while the development team is a zoo of likely furries.
6 Top Comedy Gold Veins
  • Furry-based technical team - Lead developer “fluffypony”, with a team of “mooo”, “wolf”, “pigeons”. This basically speaks for itself. “Cryptocurrency is serious business, and it's a trickle down economy that starts with serious leadership who can bustle with the best Wall Street has to offer.”
  • Slow development - Likely due to the amount of time spent yiffing, “nice-to-have” extras like a GUI take a while to be released. After more than two years since at least one possible design for multisig in Cryptonote (curiously enough, from a paper co-authored by Gmax), multisig is still not in Monero yet, although still in development.
  • Launch issues - Launched because of complaints that the Bytecoin launch was unfair (i.e., not announced on Bitcointalk), Monero launched after about a week’s notice without an overabundance of communication from its founder. It released without 32-bit support, without a GUI, and without a mac client which according to BCT trollscritics is functionally equivalent to a premine.
  • Fenty - Monero is poised to take a commanding lead in the drug markets because of its combination of market share and stronger privacy commitment. Fent is known to be the leader in comedy gold potential for drug markets. Someday, there will be a major incident linked to a fent shipment arranged by a cryptocurrency. If that’s Monero, the fallout could be substantial.
  • Bleeding Edge: Monero started out as a clonecoin, a relaunch of Bytecoin, the first CryptoNote coin. However, it is in a position which is I think unique, or at least quite rare: despite starting as the clone, it is now leading the original upstream in market cap. Further, as a result CryptoNote / Bytecoin exploits have been demonstrated first on Monero. Monero has also developed its codebase such that it could not directly import upstream easily like most clonecoins could. Like all of the bleeding edge cryptocurrencies, Monero may produce more comedy gold from bugs being exploited on the chain.
  • 51% / miner attack: Monero has had at some points large concentration in mining. As with most if not all cryptocurrencies, this centralization can lead to miners having significant control over a coin. So far, there doesn’t seem to have been any direct impact on Monero from this, and there may not be any effect. But Bitcoin and Ethereum have both had issues relating to functional centralization in mining in one way or another. Monero could as well. If anything does develop here, the popcorn futures could be explosive.
A brief history of comedy gold in Monero
There's an old proverb that says just about whatever you want it to.
- Anonymous (from this page of anonymous quotes)
In the beginning there was Bytecoin. Of course, the original bytecoin was actually just a basic BTC clonecoin. And I think there was at least one other Bytecoin not the one we’re talking about here, since deceased as well. And when exactly this Bytecoin started is a matter of no little dispute. But, whenever it was, it was. By the time it was “discovered” and posted on BCT, about 80% of the total supply had been mined. Regardless of what exactly led to this, there were many in the cryptocurrency community on BCT who wanted a relaunch to use the tech without having to buy into the existing distribution.
Then came “bitMonero” (first reference BCT ANN). Launched on relatively short notice, with a de-optimized miner inherited from upstream, no mac client, without 32bit support, and without a GUI. The original developer of the bitMonero fork, thankful_for_today (TFT), supported the network through an initial bug inherited from upstream [ 1 ].
TFT disappears from the thread for a while, and some of the community pull together to make a sort of rebranding, changing to “Monero”, making a new ANN (second BCT ANN listed in references) and forming a new team to run the coin. In the meantime, TFT made another Cryptonote based coin, Fantomcoin, but TFT continued to try bitMonero development as well [2], before finally abandoning the attempt again.
And then the coin gets pretty boring. There’s a potentially serious issue revealed [3] which was inherited from Cryptonote and potentially even a deliberate backdoor left in, but the fix is in pretty quick and the ecosystem is small enough there’s not really an opportunity to exploit it further. While development is slow, the coin continues to work and move on.
The coin gets adopted on one of the darknet markets in 2016, and around the same period it sees a surge in market price. While there is potential for comedy gold fallout from this, there hasn’t been anything obvious so far that I’ve seen.
Researcher’s Narrative:
After wrapping up the ETH survey, I put up the new $5 survey special sign and settled in with a bottle of cheap vodka to contemplate deep questions like how I got here, where I’m going, and why the ground is swaying like that. By the time I woke up, the bottle was empty, but there was a $5 bill slipped under the door with a note which read “Monero?” After only a few short hours of pondering the note and where the vodka had gone, I knew what I had to do next.
A dark night in a world that never sleeps and knows how to keep its secrets...But on the 12th Floor of the Acme Building, one man is still trying to find the answers to life's persistent questions: Guy Noir, drunken sotprivate comedy gold surveyor.
Thanks Narrator. Although I can do without the judgemental commentary.
At least I struck it out.
I’ll strike you out! But this is going even more off-course than usual. I should really make at least a token effort to do my job. So off I go to the furriest corner of cryptocurrency, and I ask the Monerons what they think their greatest weaknesses are. A rather clever move, if I do say so myself, as they’ll either do much of my job for me, or they’ll say they are entirely without fault and thus provide me with more fodder about how unselfaware they are!
They rather surprise me by providing solid responses, with only a rather token “we’re flawless!” attitude to be found. This actually makes my job somewhat harder, as now I have to try to figure out whether the seeming lack of major flaws is a result of such a biased “research” method, general laziness, or being co-opted by actually enjoying the community.
So I take the only logical route and go on a weeklong acid binge. At the end, I realize I’m an insignificant mote in an uncaring universe where humanity itself is an unnoticed blip. The futility of civilization and life itself is obvious. After some further reflection aided by bottles and pipes, as well as overdue bill notices, I realize that while all of this is true, none of it is relevant, and my foggy mind is further from any useful answers than when I started.
Disclosure of biases:
I was hired to write this article with $5 in BTC from jwinterm who is a participant in Monero. In the thread where I asked Monerons what their greatest weaknesses are, I learned a bit about their development process and decided I wanted to pitch my services to them. This has unquestionably made me biased. However, I did do my best to try to figure out where the critical flaw was to maximize the comedy gold yield. In coming up short, I’m not sure whether I’ve missed flaws or simply blinded myself to them.
I know there are additional paths to find more comedy gold. I should ask the Bytecoin community what they think of Monero. And DASH and etc. to try to find all of its critics. But this piece must stand as simply an initial survey and I must move on to my next step.
References
Footnotes / Other links
submitted by coinaday to Buttcoin [link] [comments]

Aircoins Partners Mega Thread

Welcome to the Aircoins Partners Mega Thread
Here you will find Important info on our partners such as brief descriptions, Websites, Social Media pages, and exchanges. This list will continue to be updated as we add more partners.
Linda (LINDA)
Lindacoin is a peer to peer hybrid digital currency. It creates utility products that allow Linda to be used in everyday scenarios. It also offers partnership opportunities to other cryptocurrencies to use the Lindacoin platform. As the Linda wallet technology evolves, we strive to simplify the processes of staking or masternode ownership as well as improve your overall wallet experience.
Website
White Paper
Coin Market Cap
Reddit
Twitter
Discord
Telegram
Exchanges:
CoinExchange
Cryptopia
Stocks.Exchange
BTC-Alpha
C-CEX
Graviex
SimpleSwap
Nanex
BitFlip
Action Coin (ACTN)
The Action Ecosystem is designed to be a fully user-incentivized system where all constituent entities function in a manner that ensures optimum value creation for all members of the action community. This represents a paradigm shift in the social media and cryptocurrency landscape that greatly encourages individuals to actively participate in social engineering activities while rewarding them for doing so.
Website
White Paper
Twitter
Telegram
Facebook
Instagram
Exchanges:
Stocks.Exchange
BITSSA
Original Crypto Coin (OCC)
OCC is an easy to use, open source, Ethereum based ERC20 token designed specifically for new crypto enthusiasts. Freely available for use in other crypto projects. Cryptocurrencies can be confusing for people that are new to blockchain technology. Original Crypto Coin (OCC) was designed to be a cost effective and straightforward way for new users to get familiar with basic crypto transactions like transferring and using a wallet. Have your own blockchain project in mind? Instead of generating a new token for your next idea and cluttering up the crypto community with another token, incorporate OCCs into your own apps, games or other cryptocurrency projects.
Website
White Paper
Reddit
Twitter
Telegram
Facebook
Instagram
Youtube
Exchanges:
ForkDelta
Mercatox
BarterDEX
DDEX
Enclaves DEX
Token Jar
Boa Exchange
Ecex
Reddcoin (RDD)
Reddcoin makes digital currency easy for the general public. By integrating a digital currency platform seamlessly with major social networks, sending and receiving tips and micro-transactions are cheap, fast and rewarding for everyone. For Fans: Show support to content creators and the people in your online community by tipping them RDD digital currency they can spend however they like. For Content Creators: Accept Reddcoin on your social media channel as a revenue channel that you can save or spend quick and easily.
Website
Coin Market Cap
Reddit
Twitter
Telegram
Facebook
Exchanges:
Bittrex
ShapeShift
Upbit
Cryptopia
FanFare (FAN)
FAN is an inventive content-sharing ecosystem to connect brands and users easily through consumer-generated shoppable videos using smart contracts and a common currency.
Website
White Paper
Bitcoin Talk
Twitter
Telegram
Facebook
Instagram
Youtube
ICO ends October 31st
Apollo Currency (APL)
Utilizing a community of world-class developers, managers, marketers and researchers, the Apollo community, backed by the Apollo Foundation, has set out to accomplish the goal of making Apollo the most technologically advanced, feature-rich currency on the market. The Apollo Foundation understands the demands of a top tier cryptocurrency and they believe they can create a coin that will integrate everything necessary to replace the current currency options. Having started from NXT, a proven cryptocurrency, the Apollo Foundation will continue development with the goal of being first all-in-one cryptocurrency, innovating and incorporating every ability that could be beneficial in a digital currency, all in a single decentralized platform. The first major update, Olympus Protocol, puts mass adoption-proof privacy at Apollo's core. This is because the Apollo Foundation knows the ability for a user to buy, sell, trade and send in absolute secrecy is vital in an industry that could be moments away from intense regulation. The Apollo team is here because they believe the only person or entity that should be in control of your funds is you.
Website
White Paper
Coin Market Cap
Twitter
Telegram
Facebook
Instagram
Exchanges:
IDAX
CoinBene
Skeincoin (SKC)
Skeincoin is a peer-to-peer version of digital assets maintaining a consensus mechanism based on the SHA3 hashing candidate Skein. Skeincoin has a fast blocktime, which results in faster transaction time and uses a flexible and energy efficient hashing. By following Bitcoin's development all technical features developed for the Bitcoin network are introduced in the Skeincoin network, resulting in almost instant transactions with ultra low costs. The original team merged with new members to form the Skeincoin foundation and reboot Skeincoin, continue the development and take the next steps to utilize Skeincoin's potential. The Skeincoin foundation is now developing the blockchain ecosystem whilst the newly formed legal entity, Skeincoin Ltd -registered at Belarus' High Tech Crypto Park in Minsk - holds responsibility for business planning and contracts.
Website
Coin Market Cap
Twitter
Telegram
Facebook
Youtube
Exchanges:
Cryptopia
PACcoin ($PAC)
Introducing $PAC, a third generation cryptocurrency that is focused on four key factors: Community Charity Content Choice PAC is a community driven successor to Bitcoin, incorporating various improvements such as a two-tier incentivized network, known as the Masternode network. The major aim of $PAC is to become the most efficient and user-friendly cryptocurrency that is available globally. Our network features double-send proof transactions and transaction history that is erasable in terms of receiving funds. $PAC works using the principle of decentralization whilst upholding the belief that our community is the face of the coin.
Website
White Paper
Coin Market Cap
Reddit
Twitter
Discord
Facebook
Youtube
Exchanges:
Cryptopia
Yobit
Sistemkoin
CoinExchange
Crypto-Bridge
Diamond (DMD)
Diamond (DMD) is a digital currency that puts the power back to the people by facilitating transfer of value anywhere in the world instantly, securely and at near zero cost without the need for a centralized trusted third party. This modern age rewarding monetary system with its network protocols, infrastructure and services creates sustainable economic opportunity for all.
Website
Coin Market Cap
Bitcoin Talk
Twitter
Facebook
Exchanges:
Bittrex
Livecoin
Crypto-Bridge
Phoneum (PHM)
Phoneum's mission is to provide equality to all by simplifying the mining process. While the meteoric growth of the cryptocurrency market and increased media buzz was high buzz was high at the end of 2017, mainstream adoption and acceptance of cryptocurrencies has just begun. Phoneum, as an all-in-one solution, is well positioned to address the public's interest. What makes Phoneum unique, is the custom algorithm and blockchain structure that delivers a truly mobile-only mining solution and simplified user interface which does not require technical skills to deploy. Phoneum seamlessly integrates into users daily mobile device usage, enabling them to mine and support the advancement of this disruptive technology while not disrupting the everyday usage of their device. It is a new, scalable model of mining that harnesses the power of ubiquitous smart devices globally, requiring lower energy consumption with significantly less impact on the environment than current cryptocurrency mining models.
Website
White Paper
Bitcoin Talk
Reddit
Twitter
Telegram
Facebook
Instagram
Youtube
ICO ends Sept 30th
HTMLCOIN (HTML)
Htmlcoin is not just a cryptocurrency, but a new, secure blockchain based on Bitcoin Core that integrates Ethereum based smart contracts. It implements an extendable design that can add more virtual machines (VM) than other blockchain platforms. Enabled through an Account Abstraction Layer, the Htmlcoin platform allows an account-based VM to function on a Bitcoin UTXO based blockchain. Htmlcoin is not an ICO. It is an established crypto coin that is expanding to become a blockchain platform for multiple coins, smart contracts, and distributed applications. It is developed, supported, and promoted by the Htmlcoin Foundation, which has not only designed a new blockchain platform based on the best characteristics of Bitcoin and Ethereum, but has expanded it to include the positive attributes of network technology stacks from the likes of QTUM and ARK. Essentially, Htmlcoin is a hybrid of some of the best and most innovative technologies of the crypto world, making it a premier coin and blockchain platform with the potential to become an industry leader.
Website
White Paper
Coin Market Cap
Reddit
Twitter
Telegram
Facebook
Youtube
Exchanges:
Fatbtc
HitBTC
Bleutrade
Trade Satoshi
CoinExchange
Crypto-Bridge
Social Send (SEND)
Social Send is a blockchain project advancing cryptocurrency into social networks. SEND has created a simple and universal integration system with end result user experience in mind. Sending and receiving funds on any social network is now achievable with only a novice level of expertise. It is so easy the user may not even realize they are utilizing blockchain technology. SEND’s goal is to be the catalyst that takes cryptocurrency into the hands of the masses.
Website
White Paper
Coin Market Cap
Bitcoin Talk
Twitter
Discord
Telegram
Facebook
Instagram
Exchanges:
Cryptopia
Crypto-Bridge
Bitcoin W Spectrum
BWS is a community-based project, aiming to address the inherent problems plaguing Bitcoin and other cryptocurrencies. Understanding the importance of anonymity as well as usability, BWS provides a 8MB block size that results in close to instantaneous transaction times.
Website
White Paper
Coin Market Cap
Bitcoin Talk
Twitter
Discord
Telegram
Facebook
Exchanges:
Stocks.Exchange
SouthXchange
Crypto-Bridge
BitCoin ONE (BTCONE)
BitCoin ONE is a community driven project Decentralized meaning no state or company is controlling it, the Ecosystem is based on people helping out in marketing, support & development. We are developing projects with a use case, that be Wallets and Mobile Crypto apps. We have a good set of core values. We even have a pool with 2 million BTCONE / 2 million B1P allocated for charity projects. This is to be distributed to 40 different projects around the globe. Projects that stands out and help local community to benefit from the New Blockchain Era. Further we are social and have an online presence and are also doing Meetups to grow the community. Furthermore team members are attending 5 2018 Blockchain Summits / events. We have hands on what is going on in the scene.
Website
White Paper
Coin Market Cap
Twitter
Telegram
Facebook
Instagram
Exchanges:
Stocks.Exchange
Lamoneda (LMDA)
Lamoneda is coming up with a project to disrupt, revolutionize and sanitize the event ticketing industry by employing the potency of the blockchain and ethereum technology to develop a SmartTicket system for all events held near you. The project is being developed to provide a peer-to-peer, decentralized platform where SmartTickets carry special properties which are meticulous in smart contracts, that are not available on any centralized traditional event management ticket sales system. Our vision at Lamoneda is to excel at providing global platform wherein event ticketing FRAUD is ELIMINATED in its entirety, so that everyone is able to purchase tickets at a fair price, for their choices of events. Lamoneda will be a transparent and accountable event ticketing system that will provide additional benefits to event organizers/hosts, artists, fans etc.
Website
Twitter
Telegram
ICO concluded, Exchanges to be listed.
Lightyears (LYS)
LYS Token is structure for the future of airlines traveling rewarding system that is built on top of the Ethereum block-chain. It will replace conventional purchasing method , By speeding up the process with no middle man fees and advertisement in our develop user friendly application , while at the same time improving airlines customer experience . Lightyears (LYS) Token serve as a utility Token , A reward system for purchasing airline’s tickets. Our platform will rewards users when they purchased tickets thru our platform with a cheaper rate unlike other agent/service . We are on going developing a brand now product for assisting future Blockchain developers and new exchange . Token holder’s able access their LYS Token between various services like transfer of asset through the application , Our future development will have more integration into games, online store and etc. LYS Token will be the future of decentralized peer-to-peer digital Asset with Real-Use Cases.
Website
White Paper
Reddit
Twitter
Facebook
ICO starts September 14th
MAKEAFOLIO (MAF)
The cryptocurrency space can be a scary and intimidating place, especially with the volatility of the market. With this in mind, MAKEAFOLIO, INC. was formed to create an easy, accessible, and educational experience in one convenient location that welcomes users of all experience levels. The goal is to introduce a platform that not only makes acquiring cryptocurrency easy, but also teaches users the skills to help them expand their portfolio and navigate the market more effectively. Common mistakes, such as lack of research and patience, losing Private Keys, sending cryptocurrencies to the wrong address, chasing a “bull-run”, Fear Of Missing Out (FOMO) on an opportunity, and lack of patience can cause newcomers to feel overwhelmed and discouraged. Using the Makeafolio platform will guide each user through specific courses to help avoid such mistakes and make users feel more comfortable about the market.
Website
White Paper
Twitter
Telegram
ICO currently live
Netkoin (NTK)
Netkoin proposes an ecosystem designed to change the way customers perform their shopping and help businesses to advertise and drive customers to their stores. The Netkoin ecosystem includes: Netkoin (NTK) is an ERC20 token based on the Ethereum blockchain. The NTK token will be used to power Netkoin’s universal rewards system on Netkoin’s location based mobile application and business management platform. Netkoin’s location based mobile advertising application aims to make retail shopping relevant and rewarding for customers based on their location. The mobile application will contain numerous features and filters in order to provide the customer with a personalized retail shopping experience, while maintaining the highest level of user’s data security and privacy. Netkoin’s business management platform will be utilized by retail stores to enable business owners to manage their stores advertising on the Netkoin mobile application. Businesses can integrate their store’s social media content, providing them with a single place of advertising their businesses content with shoppers. Therefore reducing content marketing management by the retail business marketing team.
Website
White Paper
Coin Market Cap
Twitter
Telegram
YouTube
Exchanges:
Mercatox
IDEX
Photon (PHO)
Photon is the ultimate"micro payment"currency- In Game coin. It is actively traded, exchanged, distributed and mined. Currently, Photon is a play reward in third party games: We pay for every kill in prevailing games such as Fortnite, PUBG, Battlefield 1, 4 and 5, CSGO, Rust, TF2, Insurgency and Apex Legends. Photon’s primary usecase is the lead of 6 Blakestream coins accepted for payments, upgrades, and used for rewards in our in-house MMO games: BattleGrip and BlakeZone. Photon pays to play!
Website
Coin Market Cap
Twitter
Exchanges
Cryptopia
C-Patex
RPICoin (RPI)
RPICoin is an open source crypto-currency founded in May 2018. Our very first Blockchain was forked from the Blackcoin source focussing on being an Energy efficient Proof of Stake (PoS v3.0) coin. I’m very happy to announce that we will soon upgrade the entire codebase to implement many new features such as: Zerocoin Protocol for additional Privacy, up-to date HD Wallets including Multisig and the ability of using Masternodes next to our current PoS 3.0 mechanism.
Website
White Paper
Coin Market Cap
Twitter
Exchanges:
STEX
Crex24
CryptoBridge
eBoost (EBST)
eBoost is a cryptocurrency that can be used for gamers to trade in game items, sponsor eSports tournaments, as well as integrate into mobile games for in game purchases. eBoost builds a platform that takes the stress out of eSports and allows members from all walks of life to have a single currency to use in eSports. This allows gaming to be seamless, fun, and integrate accountability via blockchain in eSports.
Website
White Paper
Twitter
Telegram
Facebook
Teen Coin (TEEN)
Teen Coin is for fun, games, and is to create knowledge and awareness of cryptocurrency among the teens, and the people of today. It helps people learn about the blockchain without losing tons of money or stressing about the technology. This project is designed for having and creating fun and games while also learning and using blockchain technology as a cryptocurrency.
Website
White Paper
Twitter
Telegram
Vipstar coin (VIPS)
"VIPSTARCOIN (VIPS) is a cryptocurrency originated from a community called 'VIP' in 5channel, the largest Japanese textboards. VIPS is currently being developed by a volunteer programmer and test users. We dev team is targeting for VIPS to be utilized in varied ways as an original cryptocurrency from Japan, setting the final goal for contributing to the society across borders as a convenient method of making donations. We hope VIPS gains popularity in the real society as well as on the Internet community with the strong support of VIPS holders."
website
Coin Market Cap
Bitcointalk
Reddit
Twitter
Discord
Telegram
Facebook
Exchanges
TOPBTC
CoinExchange
CryptoBridge
Ethershift Token (ESH)
Ethershift is a brand new ERC20 token exchange that provides the easiest way to acquire brand new up & coming tokens before the big exchanges list them! Ethershift tokens represent a revenue share of 50% of ALL fees collected by Ethershift. Each quarter that 50% will be airdropped to Ethershift token holders.
Website
White Paper
Bitcointalk
Reddit
Twitter
Telegram
Instagram
MNPCoin (MNP)
MNPCoin is the official cryptocurrency of MasterNodes.Pro. MNPCoin was created in August 2018 by the developers of MasterNodes.Pro to make payments for masternode owners and coin developers safer, easier, and faster. We wanted to create a payment network that would function seamlessly between all affiliated sites to allow users the opportunity to enjoy all of our services without having to deposit MNPCoin onto each site. Since, MNPCoin has grown tremendously and is supported by numerous projects, websites, and even gaming apps.
Website
Coin Market Cap
Twitter
Facebook
Exchanges
Crex24
STEX
Rapids (RPD)
We are a creative agency with a passion for innovation & the design of beautiful creations. We have all envisioned certain aspects of past cryptocurrency projects we would have liked to see come to fruition, and we are applying those underlying philosophies to Rapids. Social Media Networks have become the new medium of personal expression and overall communication. Cryptocurrency and blockchain technology have also enriched our lives by altering the way we transact through online channels. Combining the technologies of social media along with blockchain technology, Rapids aspires to make online transactions even more accessible. With Rapids embedded into social media platforms, we will be able to send and receive payments directly to friends, family, colleagues, companies, and anyone in between. We are currently in the development phase and are expanding daily. Follow us on social media to support our cause and to stay up to date.
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DarkMatter (DMX)
Moon Marketing is dedicated to bridging the gap between Tron dApps and gamers by utilizing innovative marketing tactics and the DarkMatter($DMX) Gaming Platform.
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Vendit Exchange (VNDT)
Vendit is a new cryptocurrency and exchange platform that connects merchants, vendors, processors, and financial institutions in order to provide the ability to seamlessly trade and process crypto and real world currencies and transactions. VENDIT tokens are ERC20 tokens based off the Ethereum blockchain and are the universal transactional coins for the exchange of cryptocurrencies and real-world currencies. It is the token that drives every transaction and payment on the exchange. We will develop the exchange, APIs, exchange account management app, and payment gateway platform, etc. and bring the adoption of cryptocurrency into the mainstream and become the de facto exchange for cryptocurrencies.
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Digibyte (DGB)
DigiByte is a public, rapidly growing and highly decentralized blockchain. DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, making them ideal for protecting objects of value like currency, information, property or important digital data. DigiBytes can be sent over the DigiByte Blockchain and forever recorded on an immutable public ledger that is decentralized on thousands of computers across the planet.
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Bitinka
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SparkPoint (SRK)
SparkPoint Ecosystem is a decentralized payment gateway with integrated crypto exchanges, blockchain based e-learning, gaming, and online store. With four main functions, people can now settle bills, send and receive money, enrol in various e-courses and e-programs, shop, and entertain themselves in one platform. Not to mention, to earn and be rewarded!
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HotBit
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High Performance Blockchain (HPB)
High Performance Blockchain (HPB) is a revolutionary permissionless blockchain architecture that combines a customized hardware Blockchain Offload Engine (BOE), with high-performance blockchain software. The addition of a hardware based BOE, allows for high transaction speed and extremely low latency.
Despite high-performance, there is no compromise in terms of security and decentralization, as the Node network verifies transactions worldwide and is comprised of a dual election mechanism combining the best aspects of voting and delegation.
As a permissionless blockchain, anyone can deploy smart contracts, contribute data or use the blockchain. It is our goal to enable and empower as many individuals and enterprises worldwide and build HPB’s DApp ecosystem tailored for enterprise applications.
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OKEx
Bibox
Bit-z
submitted by salamanderjones1 to Aircoins [link] [comments]

NobleCoin This Past Week - Update

This is a time for cool heads and calm composure. This past week it's come to our attention our coin is getting 51% abused by someone to dump coins on exchanges, definitely for profit, most probably to also 'destroy' the reputation/potential people see in NOBL alongside it.
I'd just like to make some statements.
  1. This is more common than people realise. If someone can 51% NOBL, they can 51% coins with 10-20x our market cap. At 2-3Ghs on occassion and a scrypt difficulty between 10 and 40, we're relatively high.
  2. After conversations with the exchanges they will be upping the confirmation requirements to try and increase security. A number of them also have 'proprietary' means of protecting themselves to varying degrees to such fork abuse. I genuinely wish them luck, I personally think there's a very tough battle going on just beneath the surface of services trying to protect themselves 24/7 from people taking advantage of a fledgling 'industry'.
  3. Some very, very successful coins have had to go through rough periods like this, considered a 'testing' time. They are perfectly fine today as the community/support has grown naturally and stuck with their coin.
  4. We don't blame ASICs nor GPUs. Farms of either are entirely capable of 51% 95% of scrypt coins today with relative ease.
In light of this, I feel obliged to release some more of our longer-term plans and things in the works. This scene moves fast, and people want news faster than it can be delivered. Please read below.
a) - https://bitcointalk.org/index.php?topic=402667.msg6864166#msg6864166
This scene is going to change, fast, perhaps for the worst before the better. So I'm going to share a little 'secret' with you guys. In order to protect NOBL in any worst case scenario we are going to be releasing a number of 'partner' coins, all under the Noble brand. We are going to have a Proof of Stake coin, a 'cut supply' coin, a SHA coin. We are going to look into the right time for merge-mining, which might be now, because mark my words when I said in the PDF merge-mining or a new revolutionary mining method is going to become mandatory.
We are going to back these coins with the infrastructure we've built, tie them directly to gold (at prices beneath spot with deals ranging between 12% and 25%), and ensure that they are supported by a team that we've worked hard to prove can be trusted to continue on with cryptocurrency for better or for worst. All are going to be Noble, all are going to be related to charity, Steps, the marketplace, our crypto vision, community, infrastructure and backed by the same team. This team is going to become larger and a registered Australian business, that acts to promote and support Noble and cryptocurrency but never on an 'official/Foundational' level.
Each of these coins will be an 'IPO', for lack of a better word, in NOBL. You only have to show proof of holdings, and you'll get an equivalent % supply of each new technology partnered with Noble. This won't dilute us, because it will be offering completely different technical preferences that wouldn't work together in a single coin, that you can trade or hold depending on your personal tastes.
I have also been looking hard at CryptoNote (https://bitcoin.org/bitcoin.pdf) on the side, and will most probably be working to release a ring-signature privacy-centric coin alongside these 'Noble' branded coins.
We can blame ASICs or GPU farms, they are both just as capable so it's a moot point, and NOBL is more secure than most. I'm not going to cause a panic, instead try to convince anyone here or looking to get involved that if you really want a long-term coin that understands this scene more than most will let on and will work to pull through anything that we're worth holding. Anyone that wants to argue the maths and technicalities with me over how a PoS like BC is secure because it doesn't have mining I will personally ensure is put in their place with the new 'State of Alternative Crypto', because it is a marketing trick designed to 'kill' PoW coins. Apologies, by this I meant they have their own vulnerabilites just like PoW, they are not immune. We do however see the value in 'investment' coins that don't require huge electricity/hash costs.
I didn't really want to share this too openly until it was 100% ready, instead just post obvious hints, because it takes time, has to be thought out and is a game-changer. 95% of coins don't make it nor intend to make it to 5 months with the original team so they don't need to worry about long-term survival, but we're not going anywhere. But I need to release news to keep people confident in a market that has lost most of its confidence.
In the meantime, a lot of information about a lot of coins will probably start coming to light. Initially it will be on the exchanges to ensure they can better accomodate being taken advantage of, then it will be up to everyone involved in this sickening scene how we intend to take cryptocurrency forward.
Cheers.. Jason
b) - https://bitcointalk.org/index.php?topic=402667.msg6865385#msg6865385
Yes. (Ethereum type thing)
And the dumping, looks like someone 51% us and it looks like it's since resolved. The exchanges are working on an improved system as far as I'm aware for all PoW coins, fork abuse and will most probably increase confirmation requirements.
Rather than using a PoS/PPC coin for example to milk/scam this scene of BTC, we want to release a Noble equivalent that doesn't ask for money. It only asks for the same level of trust we asked for day 1 and proof that you hold NOBL (improving the value of what our community holds in NOBL if people see the value in/desire a new coin with those specifications). You'll receive the fair equivalent in a newly released coin that we will then work/promote under the Noble banner. There will also be room for newcomers to get on board obviously to widen the base, but the deals will focus on Noble supporters.
Just send a fraction of a NOBL to an address we can verify on an explorer (we will snapshot the top 500+ addresses to prevent people taking advantage by constantly moving coins) and your equivalent will be moved to each new coin. This system will become automated as we refine it.
On release these coins will have the expected basics (explorer, exchanges) as well as CoinPayments (ASAP), acceptance on the Marketplace, use on 'Steps', and their own promotional deals to entice a first wave of interested 'investors'/users/speculators/buyers. Some will also be backed by a guaranteed exchange rate on the marketplace, similar to our 'Phoenix card' detailed initially here. They will then receive the same support as the others. Some might think this is too much work to take on in terms of 'development', but our focus has been on innovative infrastructure and services and that will be complete soon enough. This infrastructure, emails, correspondence and testing is a lot more work than upgrading wallets or forks, and once complete means we can focus on the technical aspects while providing an economy to use the coins. Ideally I don't want to personally, there are a number of developers we're talking to that also have the skills to do so while I get the rewritten 'State of Alternative Cryptocurrency' complete and published.
We will then be moving the marketplace and Steps longer-term onto a decentralized platform (there are a few that are looking more promising by the day) that allows direct payments between merchants/buyers for all cryptocurrencies under the Noble banner. We don't want a centralized point of hosting and we don't want to have to micromanage it, we'd rather focus on pushing services forward alongside support for the tech of each coin. Whether or not we keep some centralized 'control' over what is added to the Marketplace is still under consideration, because we don't want it to sink into a den of illegal products and heinous material (you know the type).
Someone might do this first with all the info. I've been pushed to release, but we'll always do it at 0% fees, asking for zero money upfront, and stay as true as is possible to the underlying ideals of cryptocurrency that is meant to be taking the economics of this world to another level.
Of course none of this is 100% set in stone and there is plenty of room for improvement and refinement. We forget how brand new this 'industry' is and no system we plan is perfect, but we're going to be damn sure we're an important part of it. It's the reason some of us have been quiet, a lot of work, planning, discussion and thinking needs to go into something like this to make it more than hot air. To us, doesn't matter what our price is in the short term. Maybe I'm a dreamer, but the work myself and others have been putting into this is real.
Cheers.
c) - https://bitcointalk.org/index.php?topic=402667.msg6865493#msg6865493
It won't dilute the coin (edit: any more so than the dozen being released daily) because some people want PoW, some people want PoS, some people want X11, some people want a dozen other specifications. They can't be provided all in one coin, but they can provided by a trusted team that will accommodate them all in a decentralized marketplace and fundraising platform. I don't want them to be paired purely with NOBL nor could we stop exchanges from doing so, only the initial 'IPO' or distribution, if the specification requires one.
What we're seeing, and feel free to disagree, is there are about a dozen 'products/specifications' people want. The problem is the people providing these products can't be trusted, are doing so in a dodgy fashion, or are leaving/scamming the coins behind so that they have no future. We want one of each of these accommodated and supported under the Noble brand, with this original NOBL itself the core/'seed' coin.
d) - https://bitcointalk.org/index.php?topic=402667.msg6866330#msg6866330
Giving value to the freebie coins is definitely something that needs to be considered. Perhaps it will be the value of the NOBL itself that acts as an initial holding incentive and that acts as a 'share' in a new specification. We will have to work on %s and ensure fair distribution as well as rewards for current holders while accomodating newcomers, that balance is why this isn't so simple and requires a lot of foresight, input and thinking.
It takes less time for us to work on the development/code side of coins than you think. I shamelessly admit I am a fan of open source and am using it to NOBLs advantage. We will use the updates done by dedicated development teams while attributing them for our own coins. We also can 'contract' out/bounty other work, but that is only becoming more of an option now that I have built some relationships with the more trusted developers. Otherwise, the general maintenance I can do myself, Heartbleed, checkpoints, etc etc. including customised branded wallets for NOBL that we are incorporating a lot of features into. There are definitely exceptions to this, DRK is not something I would want to touch as the work being put into that by Ed behind closed doors is inspiring and not something we could even attempt to match unless we stopped working on everything else. That is why CryptoNote looks appealing, it's more open source and the team behind it promote forking and sharing of the technology.
I definitely agree with flavour of the month which is why we don't do it that month. Some specifications might be hot one month and then not so crash hot the next, but longer-term they still will play a role and are still the preference of some. Personally I think this includes SHA, PoS (act as a NOBL 'saver', and tie to gold), X11, perhaps some up-and-coming mining algo., anonymity (as well as open/transparent), 5xMYR (although I do respect their approach and wouldn't want to 'use' it too soon without letting it come of its own).
You're also right in that people don't give two hoots about scams, so long as they think they can get in and get out in time to profit also. That's how the scene works right now and we all know it. Our niche no longer feels like it's just charity, but also for longer-term altcoin supporters who see potential in all these 'experiments' and feel they will have a place in one form or another if/when this place grows up. Which is why we'd like to cover every angle. If a coin isn't as supported in 6 months, that's fine. We gave the option, supported it with a team that provided services, updates and didn't scam, and held the core NOBL value up with it.
Our work has always focused on the the merchants/services/economies underlying crypto and ensuring in the future it can be used internationally to the best of its abilities. Fast, charitable, little fees, global, decentralized, etc. We can then use these services to increase the demand of all specifications that we support, whether they last or otherwise. It lets NOBL act as a 'share' and arguably could entice holding.
Like I said, we definitely need feedback. It's not something we even wanted to bring to the table at this point, but this place expects big news faster than that big news can be delivered. So these are the types of things we're including in the game plan and intending to deliver in one form or another.
The biggest problem with us and NobleCoin is we just don't quit. You throw something like this at us and we'll lap it up as motivation to keep working. Sooner or later this pays off, whether we have to force it to or otherwise.
Some people attribute a low price to death. It is a mistake to think so.
Thanks for your time and patience.
submitted by NobleCoin-Rofo to NobleCoin [link] [comments]

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