CryptoThis - Bitcoin Difficulty Estimator

NobleCoin

A crypto currency for the most Noble.
[link]

Aeon

Aeon (AEON) is a private, secure, untraceable currency. You are your bank, you control your funds, and nobody can trace your transfers.
[link]

DigiByte Mining Pool - Official Launch - 50,000 DGB Giveaway!

DigiByte Mining Pool - Official Launch - 50,000 DGB Giveaway!

https://preview.redd.it/1hlax7cksas51.png?width=2000&format=png&auto=webp&s=6893e01650cfdd3a778df5705a0382ad8b382488
I have been working hard on the front-end of my pool for the past couple of months. Anyone who saw v1.0 will be shocked to see the progress it's made. It now has a fantastic front-end with detailed charts, graphs, and user stats, all in a sleek Bootstrap 4.0 layout.
Miners....come join us at https://Luckyblocks.ninja
I wanted to offer support for all Algo's, and initially, I did. But after talking with DigiByte developers, and taking their advice this was changed to support only Scrypt and SHA256D. Until ProgPOW is implemented GPU mining is pointless, so this ultimately is why I chose Scrypt and SHA256D.
Another feature of the pool is BTC and LTC Solo Mining for any of you guys out there that have some gear that's not profitable to mine with anymore and just want to play the blockchain lottery. Wouldn't it be nice to wake up with 6.25 Bitcoin in your wallet one morning?
General Pool Features are:
  • Asic-Boost Supported
  • Ultra-efficient handcrafted code
  • Transaction fees paid to miners
  • VarDiff & Static Diff Supported
  • Anonymous mining to your wallet
  • Solo Mining
  • No withdraw fees
  • No registration
  • No pool wallets
Ready to join up? Head over to https://Luckyblocks.ninja to get started.
PS - Did I mention we're going to give one lucky miner 50,000 DigiByte?
Want to know more about the Giveaway? https://Luckyblocks.ninja/faq
submitted by WeDontServeYourKind to Digibyte [link] [comments]

What is your Bitcoin Maturity Score?

How many of the 25 steps in the bitcoin rabbit hole have you mastered? Be honest. Count how many and divide your score by 2.5.
Your Score: <5: learner / weak hands 5-7: hodler 8-9: mature 10: orange pilled
Post your result below.
The Bitcoin Journey: 1. That (log) price chart! 🧐 2. Digital scarce? 🤔 3. Satochi 4. Blockchain 5. Alts 6. Mining, halvings, diff adjustment 7. How do I get it? 8. Wallets, keys, seeds, exchanges 9. Crypto Twitter 10. Fees, hashrate, mempool, txs 11. Money, inflation, central banks 12. Stocks, S&P500, 13. Charts, TA, RSI, MA’s, triangles, patterns 🤓 14. Keynes, Austrian economics 15. Bull/bear market, trading, win/lose 16. Network effects & adoption 17. Gold, Silver, real estate 18. Full node, electrum pvt server 19. Evangelize / orange pilled 💊 20. All-in / auto-dca 21. Immaculate conception 22. NGU, game theory 23. Cosmic renaissance 24. Opsec, multisig 25. Maximalism
Let me know your score & what’s missing from your journey. Also accepting suggestions for better results categories/ descriptions.
submitted by mbrookson to Bitcoin [link] [comments]

Warning: Blockchain difficulty adjustment affecting price movements

Below are notable difficulty adjustments when hash rate fell and block times become slower for Bitcoin.
  1. 26 Mar 2020 [difficulty adjustment -15.95%, avg block time 11min 54secs]. On the 28th price crashed from $6674 to $6138 ( -8%).
  2. 8 Nov 2019 [difficulty adjustment -7.1%, avg block time 10min 46secs]. On the same day price crashed from $9234 to $8783 ( -4.88%).
  3. The next big adjustment was around Nov to Dec 2018 and there were 3 big adjustments with high block times.

Current situation:
We are 1 day 10 hours from the next difficulty adjustment. Projected difficulty adjustment is -5.61% (https://fork.lol/pow/retarget), which could indicate a small dip. However, take note that the date of last adjustment was the 5th and the 3rd halving was on the 11th, between the 5th to the 11th there was increased hashrate from miners trying to mine the final week of 12.5btc that offset the really slow block times after the halving. Therefore it will be the next difficulty adjustment after the one on the 20th that will completely reflect the slower block times after the halving. Currently the median block time taken on the 17th was around 14min (-28.5% difficulty adjustment).
For people who do not understand blockchain, basically with the Bitcoin 3rd halving, mining profitability fell for a lot of miners and they probably turned off their miners therefore the blockchain mining time became considerably slower which is reflected with slow transaction speed and higher fees as seen currently. Bitcoin sellers moving their BTC from wallet to an exchange are faced with slow transaction speed and therefore the sell pressure of BTC fell considerably which will attribute to the current price increase. There is a correlation between sell pressure and blockchain congestion (the size of the correlation is undetermined).
There is going to be a race. A race between BTC price hiking high enough to attract more miners to reduce avg block times versus the closing window of roughly 2 weeks before the next difficulty adjustment. If the price does not jump high enough, the next difficulty adjustment in the first week of June could signal a huge dip.
I am not an expert. I just did some research on the above and wanted to share with fellow Bitcoin compatriots so that we can tread with caution and not lose our shirts. I do not plan to short BTC but I will exit my BTC positions if I expect double digit negative difficulty adjustment in early June.
Please visit the original post here https://www.reddit.com/Bitcoin/comments/gm23pe/warning_blockchain_difficulty_adjustment/
There are pictures in the original post as well as 2nd halving evidence with pics. I could not post pics here. If possible please upvote the original post, a lot of people downvote it. Not sure why people downvote it, maybe veterans attempting to hide information from newcomers to fleece them of their shirt.

Update 1:>! As of writing, I have opened a small short position on Bitcoin. Stop loss around 10k, estimated take profit around 8500. The reason is because the difficulty adjustment in the next 20 hours, even though is just -5% roughly is still significant. I direct you to look into all the difficulty adjustments in the last 2 years and you will know how rare it is. The ones I caught were all listed at the very top of the post. Since it is my first time shorting BTC, I take this as a learning opportunity so that I will have some experience to face the bigger difficulty adjustment in the first week of June. Analysis into execution, even in failure I am happy.!<
Update 2: The difficulty adjustment (DA) happened roughly 6 hours ago and the sell pressure from -6% DA did not seem to be affecting the market much. However, please take a look now at the estimation for the next DA.
On https://bitcoin.clarkmoody.com/dashboard/ it is estimated to be -25%.
On https://fork.lol/pow/retarget estimated to be -18%.
On https://www.blockchain.com/charts/median-confirmation-time the median block time for the last day was 16.8min.
My original proposition that the true DA of the halving can only be realized in the next DA stands and that it will be considerable. The increased sell pressure from that DA will be highly significant. That is why there is a race by current miners to get the BTC price up high enough to attract more miners to not have the DA drop too much.
Update 3: Current BTC price at $9100 ( ~39 hours after DA). Then again BTC could have dropped from all sorts of reason. However the coincidence with the DA and with all the past DA is just too high to simply shrug off as irrelevant. Anyways past result cannot predict future ones, stay safe with the trading. Will no longer check on this post.
References:
Difficulty adjustment dates taken from https://btc.com/stats/diff
Bitcoin graph history for price movement taken from coinmarketcap.
Median confirmation time (block time) taken from https://www.blockchain.com/charts/median-confirmation-time

Credits to people who assisted the analysis:
kairepaire for pointing out faster block times between 5th-11th.
babies_eater for https://fork.lol/pow/retarget
moes_tavern_wifi for https://bitcoin.clarkmoody.com/dashboard/
Pantamis for https://diff.cryptothis.com/
submitted by theforwardbrain to BitcoinMarkets [link] [comments]

Warning: Blockchain difficulty adjustment affecting price movement

Warning: Blockchain difficulty adjustment affecting price movement
Below are notable difficulty adjustments when hash rate fell and block times become slower for Bitcoin.
  1. 26 Mar 2020 [difficulty adjustment -15.95%, avg block time 11min 54secs]. On the 28th price crashed from $6674 to $6138 ( -8%).
  2. 8 Nov 2019 [difficulty adjustment -7.1%, avg block time 10min 46secs]. On the same day price crashed from $9234 to $8783 ( -4.88%).
  3. The next big adjustment was around Nov to Dec 2018 and there were 3 big adjustments with high block times.
  • 19 Dec 2018 [-9.56%, avg block time 11min 3secs]
  • 3 Dec 2018 [-15.13%, avg block time 11min 47secs]
  • 17 Nov 2018 [-7.39%, avg block time 10min 48secs]
  • There was huge drop off starting on 14th Nov all the way to a bottom on 14-15th Dec ($6351 to $3288 around -48%).

Current situation:
We are 1 day 10 hours from the next difficulty adjustment. Projected difficulty adjustment is -5.61% (https://fork.lol/pow/retarget), which could indicate a small dip. However, take note that the date of last adjustment was the 5th and the 3rd halving was on the 11th, between the 5th to the 11th there was increased hashrate from miners trying to mine the final week of 12.5btc that offset the really slow block times after the halving. Therefore it will be the next difficulty adjustment after the one on the 20th that will completely reflect the slower block times after the halving. Currently the median block time taken on the 17th was around 14min (-28.5% difficulty adjustment).

https://preview.redd.it/ysnv85wh0lz41.jpg?width=597&format=pjpg&auto=webp&s=e130b077f9dc2fc9d02666ef89e6f9249a05f535
For people who do not understand blockchain, basically with the Bitcoin 3rd halving, mining profitability fell for a lot of miners and they probably turned off their miners therefore the blockchain mining time became considerably slower which is reflected with slow transaction speed and higher fees as seen currently. Bitcoin sellers moving their BTC from wallet to an exchange are faced with slow transaction speed and therefore the sell pressure of BTC fell considerably which will attribute to the current price increase. There is a correlation between sell pressure and blockchain congestion (the size of the correlation is undetermined).
There is going to be a race. A race between BTC price hiking high enough to attract more miners to reduce avg block times versus the closing window of roughly 2 weeks before the next difficulty adjustment. If the price does not jump high enough, the next difficulty adjustment in the first week of June could signal a huge dip.
I am not an expert. I just did some research on the above and wanted to share with fellow Bitcoin compatriots so that we can tread with caution and not lose our shirts. I do not plan to short BTC but I will exit my BTC positions if I expect double digit negative difficulty adjustment in early June.

Bitcoin 2nd halving evidence:

2nd halving falls between the 5th and the 19th adjustment so it is only reflected on the 3rd of Aug difficulty adjustment ( -5.43%).

See the dip on the 3rd of August. Price fell from $600 to $533 about 11% drop.
Update 1:>! As of writing, I have opened a small short position on Bitcoin. Stop loss around 10k, estimated take profit around 8500. The reason is because the difficulty adjustment in the next 20 hours, even though is just -5% roughly is still significant. I direct you to look into all the difficulty adjustments in the last 2 years and you will know how rare it is. The ones I caught were all listed at the very top of the post. Since it is my first time shorting BTC, I take this as a learning opportunity so that I will have some experience to face the bigger difficulty adjustment in the first week of June. Analysis into execution, even in failure I am happy.!<
Update 2: The difficulty adjustment (DA) happened roughly 6 hours ago and the sell pressure from -6% DA did not seem to be affecting the market much. However, please take a look now at the estimation for the next DA.
On https://bitcoin.clarkmoody.com/dashboard/ it is estimated to be -25%.
On https://fork.lol/pow/retarget estimated to be -18%.
On https://www.blockchain.com/charts/median-confirmation-time the median block time for the last day was 16.8min.
My original proposition that the true DA of the halving can only be realized in the next DA stands and that it will be considerable. The increased sell pressure from that DA will be highly significant. That is why there is a race by current miners to get the BTC price up high enough to attract more miners to not have the DA drop too much.
References:
Difficulty adjustment dates taken from https://btc.com/stats/diff
Bitcoin graph history for price movement taken from coinmarketcap.
Median confirmation time (block time) taken from https://www.blockchain.com/charts/median-confirmation-time

Credits to people who assisted the analysis:
kairepaire for pointing out faster block times between 5th-11th.
babies_eater for https://fork.lol/pow/retarget
moes_tavern_wifi for https://bitcoin.clarkmoody.com/dashboard/
Pantamis for https://diff.cryptothis.com/
submitted by theforwardbrain to Bitcoin [link] [comments]

BTC Fees amplified today by last night's difficulty adjustment. Current (peak of day) next-block fees are testing new highs.

Compounding Factors Causing the Fee Explosion
Over the past 2 weeks, a large sum of SHA256 hashpower has come online as the rewards for mining in real-dollar value had been increasing.
The increase over the past 2016 blocks was so great in fact that it caused an 11% jump in difficulty last night.
To add to that, the price retreated back to the 2-week average meaning some hashpower has left after the price adjustment. You can see how far behind schedule the current block times are here.
That has compounded to set new highs in sat/byte fees and has simultaneously escalated the price per transaction drastically
While BTC blocks may be able to clear overnight when mining is running 10-20% above the expected block rate, it's pretty clear from history that every day has a peak usage that cannot be handled by the network. After readjustment, it looks like only the lull of the weekend can currently clear the backlog, and only just.
I recommend checking Johoe's Mempool size in MB graph for a longer span. In the 3 month graph, you can really start to see each daily spike, weeks where the mempool only cleared on the weekend, and even a couple of weekends where the mempool didn't clear.
So What is Each Blockchain Currently Capable Of?
Current Segwit usage has been stagnant at around 40-45% for the past year now, but let's just say for argument's sake that segwit usage hits 100%. This represents a capacity increase of the BTC blockchain of only around 25%. That means that even if BTC hit perfect segwit usage, it could only handle around 500k transactions per day instead of 400k.
This bottleneck does not exist on BCH.
BCH can currently handle 16M blocks with no issue as proved by last year's stress-test and it should now be able to handle full 32MB blocks given recent parallelization improvements. The throughput of even 16MB blocks would allow for somewhere around an 8M TX/day average.
Bitcoin Cash is absolutely equipped to deal with an order of magnitude more transactions than Bitcoin today while maintaining 1sat/byte fees.
Blockchain technology can do so much more than BTC gives it credit for.
submitted by CaptainPatent to btc [link] [comments]

Good Review on what happened today from price action ..

Good Review on what happened today from price action .. submitted by audeejay to btc [link] [comments]

04-07 09:52 - 'wht happened to bitcoinwisdom' (self.Bitcoin) by /u/1electron removed from /r/Bitcoin within 934-944min

'''
the mining and diff charts are frozen and unlisted from main page and all the exchanges are gone..
its been a shell of its former glory the last few days.
'''
wht happened to bitcoinwisdom
Go1dfish undelete link
unreddit undelete link
Author: 1electron
submitted by removalbot to removalbot [link] [comments]

To arms Bitcoin community! Help us to complete this mining installation for the Zürich MoneyMuseum. We are not asking for funds. Only your expertise needed! 20$ tip if you give us the relevant clue to solve or mitigate our main problem. Nice pictures of the exhibition inside as well…

Edit:
A big thank you to all people who helped us we can now mine true pps with diff1! The people in this thread which have helped most have been awarded. I want to mention also the operator of btcmp.com denis2342 and Luke-Jr.
Actually looking at the miner screen in the Linux terminal helped a lot ;-). The pool constantly resigned to stratum with variable difficulty. We can now mine true pps with diff1. Getwork with long polling seems to be default after disabling stratum...
We will probably post again, when there is a video of the installation in action...
Again many thanks. Learned a lot.
Edit: Thank you for all the answeres so far! We will try different things now and report back. Tip bounty will be distrubuted as soon as we found out what finally does the trick. Ths could take a few days. The offerd tip will be distributed and very likeley a few others as well.
First of all, let me tell you that the Bitcoin Exhibition at the Zürich MoneyMuseum is most likely the biggest and most diverse of it’s kind. Please read more about the museum and the exhibition below.
Help us solve the following problem we experience with our “Muscle Powered Proof of Work” installation:
Me and a friend have invested a lot of time to build an installation for the Museum. It is basically a 10GHash/s miner and RapberryPi which is powered by a hand generator (Maxon DC motor with planetary gear). Here are some pictures of the installation, although not entirely put together yet. There are still some changes planned.
https://www.dropbox.com/sh/0qcvl3wu4romhnt/AAAYF08lnVAy6W6KEepE7e2Ua?dl=0
Now let’s get to the core of our problem:
We are mining at the getwork diff1 pool btcmp.com as it is a true pps pool with getwork diff1. The visitors in the museum can power the generator for 2-3min and see directly how many Satoshis the "network" (actually pool but we don't want to confuse the visitors to much at that point) has given the museum for their work. This all works well so far but one problem remains. Sometimes the pool does not get a share from us for more than 40 seconds or even more than 60 in some cases. I have calculated that with 8.4 GHash/s we should find a share about every 0.5 seconds in average (diff1). I think when the pool gets a share it gets all the hashes as it then accounts for several Satoshis. Statistically we get per minute what we should get in theory. We would very much like to lower the time between the accepted shares by the pool, however. This would help to make the overall experience much smoother for the visitors.
Please look at this screenshot from MinePeon and answer some questions:
https://www.dropbox.com/s/lb1jei4trc9kqe5/MinePeonScreenshot.png?dl=0
We see that we get a lot of diff1 hashes. However, only 11 shares/packages have been accepted. The Is there a possibility to set the miner SW so it submits to the pool as soon as a share is found? It seems to send them in packages which sometimes have 4-5 seconds in between but sometimes a much as 80 seconds. I would like to submit packages of hashes much more often. How can this be influenced?
What exactly are the Getworks (GW)?
What exactly are the Accepted ones (Acc)? This is where the TipBounty is. Help us to get a better Acc/diff1 ratio. Best would be 1:1.
What exactly are the rejected ones (Rej)?
What exactly are the discarded ones (Disc)?
What exactly are the difficulty one hashes (diff1)?
Now some of these questions seem very very basic but it is important for us to understand what these are and how we can influence these. We have a 1:1 correlation between the Acc and the pool side acknowledgement of shares/packages. So whenever the MinePeon shows one more for this value the pool value for last submitted share goes to “moments ago”.
Does the miner SW have a setting where we can set after how many diff1 hashes a package of hashes is sent to the pool? If no, do you have another idea why so few are sent? Ideally we would set it so the diff1 hashes are sent every 5 seconds or so, probably even more often.
Is stratum with fixed diff1 possible? If so, would it be better to use stratum?
Are there critical settings if we should know of? (we have tried --request-diff and --no-submit-stale)
We are using BFGMiner on MinePeon if that matters. We could switch to CGMiner if that would help. Any help is very much appreciated. The museum is doing a great job explaining Bitcoin basics. We had special focus on interactive learning and have several things to underline this.
I hope to hear back from you so we can improve our installation. Please don't hesitate to ask if you have further questions. We are both not mining experts.
Thanks for reading and AMA.
SimonBelmond
Current features of the Bitcoin exhibition at the Zürich MoneyMuseum:
Current Features:
  • Life screen with various stats/charts/parameters/transactions…
  • Printed infographics.
  • Muscle powered PoW: Hand generator with 5v and 3.5-5A output, Raspberry Pi, MinePeon, 5x Antminer U2+ plus a screen to show the hash-rate at the pool and/or in MinePeon web interface. This screen will not be hand powered. This installation will complement their coining die (go to 1:27 to see what I mean).
  • The Bitcoin mining evolution (CPU, GPU, FPGA, ASIC)
  • A few short (2-3 minutes) interviews.
  • Other wallets, Trezor, PiperWallet
  • ATM Prototype, functional
  • MoneyMuseum Bit-Cards
  • PiperWallet to use.
  • Casascius and other physical Bitcoins, Wallets (also some commemorative coins), Paper wallet like one out of the first Bitcoin (A)TM ever
  • Bitcoin Quiz
  • 12 Picture tours
    • Bitcoin for beginners
    • Bitcoin advanced
    • Debunking 13 Bitcoin myths
    • What you definitely have to know
    • The history of Bitcoin
    • Bitcoin und traditional forms of money
    • Alternatives to Bitcoin
    • Citations about Bitcoin
    • How do I open an account?
    • How do I get Bitcoin?
    • Bitcoin community and economy
    • Bitcoin as a platform
I see this as a good opportunity for Bitcoin, so let’s embrace it. I am especially excited to compare the traditional forms of money which used proof of work to the new money which also uses proof of work. I think in that context it will be much easier for the visitors to value this concept.
A lot of schools and other groups book guided tours at the museum. It is open on every Friday from December 05. On. Entry is free of charge.
Edit:Markdown, typos
submitted by SimonBelmond to Bitcoin [link] [comments]

Bull and bear case for crypto

I fully admit that I've been on the fence in recent weeks about what I think about cryptocurrency so I thought I'd write a post explaining my thinking and see what everyone thinks.
Bull case for crypto
I always pull up the trusty ole 3-month crypto market cap chart and it's clear that we've bounced from the lows of 280b (previous support) on Feb 6th and we're heading higher. The bounce to 458b was expected but we didn't drop yet to hit new lows so this isn't a dead cat bounce as we look to be trading sideways but with a higher trendline.
If you look at the down trendline which began on January 7th at all time high - we've broken it.
We're coming up again on 458b which would be the 4th time we've tried to break through it this month. If we do break it then going up another 10% shouldn't be a problem and we're on our way to a recovery.
The recent Litecoin FOMO shown that any catalyst is good enough for a rally that spreads and lots of people are looking to go back to the old days of half a year ago.
Bear case for crypto
Although we rallied recently, one thing is clear: the bull market is temporarily finished. Anyone talking about any major crypto doubling or getting those 25% gains? Any major news that rockets the crypto and blasts various projects to the top 10? No.
What about cryptocurrency transactions? They're still in the gutter and off by 50% or more for each major cryptocurrency.
Big question for everyone: have the previous FUD articles gone away as far as actual danger to the cryptocurrency? Has South Korea implemented KYC laws for crypto? Have the various hacks and mass theft stopped on some exchanges? Is the Tether issue resolved? US government OK with crypto? The answer is no so from a fundamentals standpoint, we're in bad shape and that's a problem because when the music stops, fundamentals is what you can rely on to justify higher prices. Right now, I can't do it.
Have cryptocurrencies fixed their problems? Is Bitcoin's backlog gone? High fees reduced? Has Ethereum decoupled from the ICO market? Has Litecoin increased its speed? No, the problems remain.
Last major hurdle: any of these currencies actually acting like currencies or stocks? None of these major problems have been solved either.
Specific cryptocurrencies
Just a quick recap of highest # transactions vs. price for all three compared to now:
Crypto ATH Transactions Price Transactions now Price now % diff transactions % diff price
Bitcoin 491k $17,200 183k $9,347 -62.7% -45.7%
Ethereum 1.35m $858 746k $909 -44.7% 6%
Litecoin 226k $252 42k $212 -81.4% -15.9%
To me, this relatively looks like Litecoin and Ethereum are overvalued while Bitcoin is undervalued.
Summary
To sum it up - I haven't the foggiest since I keep jumping between one side and the other. We've had BS runs for no reasons before but fundamentals were there. They're not there now and altcoins continue to beat Bitcoin from a relative price comparison.
TL;DR I am on the fence.
submitted by SsurebreC to LitecoinTraders [link] [comments]

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

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

November Announcement

Parallel Paths for BiblePay - Future IT and Roadmap
By: Rob Andrews - Founder

We learned a lot in 2018 that was not readily apparent during launch, and as in all businesses, we need to make adjustments in order to be viable. Our core vision is not changing: We still benefit orphans by giving 10% of our monthly emission, we are partially green on our mining side (our cancer miners are doing valuable work), we are CPU based - therefore anyone can mine us, we are Christian at our core - but appeal to everyone as a utility, we are deflationary and appeal to conscious investors who would like to see a more Christian investment, we have an intelligent team capable of taking us to our destination, we spread the gospel through the blockchain, and we innovate new gospel features.

However, with the rapid pace of changes in this space, it is understandable we need to make some changes unless we wish to stagnate.

One major change to our roadmap is our official position on Stratis. Although we still stand behind stratis and their core mission, and wish to remain informed and align ourselves with the potential value in the stratis codebase, many factors influence using stratis-c# as the primary production platform. The considerations being evaluated include: The latest bitcoin security commits, segwit, BLS and BLS secret-sharing, Dash's evolution commits, the lightning network, on chain storage, etc. In general, I want to first give kudos to the main devs of stratis. They are doing something almost impossible in order to get stratis to be compatible with the latest bitcoin version. Where we have to make our decision however, is weighing the benefits of the most cutting edge - to be released features in bitcoin and dash. Biblepay has discovered that it needs certain boilerplate abilities, and, pending IPFS integration, maps to IPFS, Segwit and potentially some of the latest Dash features (for reasons explained later).

Additionally, there are over 100 features that have been added to bitcoin and dash-QT, that the existing features users have become very accustomed to (for example coin control), the HD wallets supporting features, etc. In light of this, I will be recommending that we adjust our roadmap to move stratis to 'R&D (research and development)' for future consideration and integration, but we move the Dash rebase to our more short term priorities. The goal is for us to do the due diligence on rebasing biblepay to have the latest dash features, so that we can leverage some of the latest features to store our IPFS relationship in a more resilient manner (IE our business objects). In summary, this means pushing Stratis out to 2022 and considering it an R&D project, and moving Dash Rebase to June 2019. Also relying on Dash's release as our PR event to be released with any other large BBP feature that is worthy of a giant PR event.

Changes for IPFS:
IPFS allows BiblePay to store files on our own network in a decentralized way. To use IPFS efficiently, we need to become a private IPFS network. This requires two additional features to be added to our core (private swarming and leased-pinning).

NOTE: R&D test cases have proven IPFS can run in its own private network with a BiblePay swarm key, can auto-pin successfully, and IPFS mining can be made provable with range requests.

Reasons for IPFS:
There are many very useful reasons biblepay would want IPFS: Allows us to store business objects (think letters, expenses, revenue, contacts, object-votes, gospel-links, Christian-video-uploads, etc). Realize that storing business objects gives BiblePay a revenue stream. A revenue stream cements BiblePay as a utility - and that is important over the long term so that we always pass the Howey test. Passing the Howey test allows us to be listed on the largest most credible exchanges. It also shields us from legal damage, and allows us to partner with the most credible partners.

Reasons IPFS cannot be at the Sanctuary level:
There are very important reasons to first explain that Sanctuary investments are important for BiblePay's sustainability (investors buy sancs for ROI, and that allows us to fund our orphan operations). However, the harder we make biblepay to setup sancs, the harder it is for an investor to gain access to the investment. Therefore, to continue to be compatible with turnkey masternode services such as GIN and Apollon, we must not force hard requirements on sancs, such as requiring them to host IPFS files. If we do require a sanc to host a public IPFS node (with firewall requirements, public data sharing) we also risk a model that penalizes sanc payments when some 'investor' sancs do not perform. Therefore it is recommended to leave Sanctuaries as they are; not hosting IPFS files.

Reasons IPFS should be at the mining level:
So that we can offer turnkey Sanctuaries, we may offer IPFS mining.

The concept of a content economy:
The content economy is a concept Rob is considering for BiblePay. This is an environment where the user becomes more of a Christian community member. In this model, users are rewarded in BBP for doing important tasks, such as watching a Christian video upload and voting on it. (The users UTXO weight in the vote would drive the net vote weight, as the assumption is those with more weight hold more voting power). Consider that one with low weight could otherwise destroy the credibility of the poll-object.

In this model, Christians find worthy youtube videos that edify other users, and upload the video in the 'Christian Video upload page'. Most of the rewards would be paid by distinct UTXO weight to the voters. This would reward those that spend the time in evaluating items with the actual rewards.
(We will need to discuss giving the ability to cite bad votes from one community member to another, such as : Report Voter - with enough votes against a member we may consider adjusting a voters reputation score).

Outgoing orphan letters may also be voted in the same way (IE in general, any object marked as votable will have a voting list available, and apt for rewards).
Pay-to-preach sermons can be recorded by a community member and uploaded as a Christian video. The video would be voted in an identical way as other Christian video uploads. Rob is working on testing an opensource video upload tool to be integrated in that will automatically convert a youtube video into an IPFS document upload.

One of the goals of the content-economy is to make BiblePay a platform that appeals to Christians so they feel comfortable to come back and actually check it for new content.I envision making BiblePay into a useful platform, one in which Christian's feel compelled to regularly use.One of the use cases I envision is having members pick a very edifying subject, such as Rapture, and uploading Christian videos only on Rapture for the Rapture area. Then, those interested in Rapture log in every day and follow the Rapture area, etc. Other areas such as end-time-visions, can be created etc.
To have PODC or No-PODC:Realize, that IPFS mining will only affect the heat miners. IPFS mining modifies POBH to be IPFS-POBH mining, a greener blend - and PODC still exists in this scenario and plays well with IPFS.

However, one concept we will be discussing in a new dedicated forum thread is the viability of POOM (proof of orphan mining). This is only a concept, and could potentially replace PODC. The core of the concept is re-directing the electric costs used for PODC into personal monthly orphan sponsorships. And creating a sanctuary review process to individually approve each individual orphan receipt (with a governance vote good for 30 days). In this scenario, we trade the PODC electric expenses for monthly orphan sponsorships, which could be very valuable for our community - since it is estimated that we could sponsor over 1000 monthly orphans with the equiv. electric savings. (POOM is also interesting in the sense that it solves our centralized fiat-liquidation vendor payment risk issue(s)).


What are the devs working on:

Additional updates:

submitted by tdashmike to BiblePay [link] [comments]

BTC gliobal hash rate up, profitability down. A sign of future price inflation?

I am a hobby cryptonote miner, and first thing i learned, miners are real money whores, we almost always mine the most profitable coin.
I have noticed, that since ATH in January, the hashrate and diff, has doubled and price more than halved.
Profitability
Global hash rate
At a first glance, this makes no sense, especialy at about 6000 $ break even BTC price, but i have a feeling, that the miners are investing a huge amount of money into the future, where new ATH's are expected, in this year and beyond.
What do you think?
submitted by xabresims to Bitcoin [link] [comments]

Crypterra: Most common mistakes people make when joining.

Some quick tips:
1) Understand what to mine:
Please use a mining calculator to verify which coin is the right for you, https://coinwarz.com good mining calculator for ETH/LTC/BTC. Everyone is joining the BTC hype, but do they realize that there are a lot of people stuck in the 12k-19k BTC range? https://www.tradingview.com/x/veTUpi9n/, chart looks like we will need a lot of new money in Bitcoin in order to make new highs, maybe some future news about the Lighting Network could trigger the move.
BTC Profitability increases when mining difficulty decreases (https://btc.com/stats/diff) and when price increases (https://coinmarketcap.com/). Given the future projections of difficulty and current chart coin investors should consider mining Ethereum given the bullishness of the chart (https://www.tradingview.com/x/YlvNfhcJ/) and the +50% move since mid December.
2) How to reduce payment fees: I originally bought 5 TH/s with Bitcoin and paid almost $30 in fees while transferring from Exxodus to Crypterra. Paid 5 TH/s with LTC and only paid 6.86 in fees. If your going to invest more than $500 in Crypterra I highly suggest you use Litecoin to avoid the insane amounts of BTC transfer fee. The transaction will be cheaper and also faster since there are almost 145,000 BTC transactions pending in the blockchain.
3) Missing Hashpower : Lots of people have been complaining about not receiving hashpower after sending payment. I had the same problem when I paid with BTC, it took 9 days for my hashpower to show. I did not have the same problem when I paid with Litecoin (LTC).
4) Understand the risk: As with any investment you need to manage risk, invest only what you can afford to lose. I started with $500 I had to wait 11 days for my first payout, (9 for my hash power to appear + 1.5 mining for $10), the 20 TH/s special is good but don't feel forced to buy into it.
If you want to join Crypterra, educate yourself on the topic and join me https://crypterra.net/?code=CR8960
submitted by gyferlotus to Crypterra [link] [comments]

Another way to look at the bubbles

This is a follow up to a post I made a couple of days ago looking at the log-linear regression of bitcoin prices:
http://www.reddit.com/BitcoinMarkets/comments/21smpsome_perspective_on_the_current_pessimism/
This post is going to look at this regression again, but this time using it to make comparisons between Bitcoin's bubbles.
One way to compare Bitcoin's bubble periods is by categorizing periods on the basis of how far away they are from the regression line. The set of these distance measures is known as the 'residuals'. What I've done in this chart is colour code each price depending on where on a set of ranges its residual value falls.
http://i.imgur.com/y1Klgum.png
How did I select the ranges I did? Semi-arbitrarily (if anyone knows of a less-arbitrary way to do this let me know). The residuals seem to cluster to some degree around certain ranges when you look at them in a histogram. So that's why I chose the ranges that I did.
http://i.imgur.com/FbqtIfV.png
What I think a chart like this is representing is how far away bitcoin is from its exponential growth trend. So a bubble is interpreted relative to that growth trend and not its absolute growth in value. This gives different results from when you just look at absolute price growth.
For example - if you compare the 2012/13 bubble with the 2013/14 bubble on the basis of the absolute amount of price growth then the former of these is the larger bubble with about 13x price growth compared to about 8x. But from the perspective of the price relative to the exponential growth trend, the latter is clearly larger. How is this possible, you can see it easily from the chart. The 2012/13 bubble came off a much larger slump relative to the trend (a blue zone) - whereas the 2013/14 bubble had less ground to make up. It started in a green zone. Furthermore, while the 2012/13 bubble makes it into the orange zone - it only stays there briefly. It's really mostly a yellow level event. The 2013/14 bubble is is definitively an orange level event and even gets into the red zone for a day.
The 2011 bubble is less interesting from this perspective since it is big in all respects - both price growth and its residuals. Notice also how some quite large price increases (3x in jun-aug 2012) don't even count as bubbles on this analysis even though they have the same triangle shape as the others.
In terms of the current downtrend it provides an extra rationalisation as to why things aren't that grim. We are currently in a green period - which is the most common colour by far. Green is not a bad place to be if you care about whether or not Bitcoin is maintaining its long term trend. Blue is where things start to get concerning. If that chart ever registers a significant period of purple - that's when I'm going to start to freak out for bitcoin's long term future.
As always - take this stuff with large pinches of salt. If you look at this stuff yourself, I recommend trying to come up with alternative (principled) ways of choosing your colour regions. You can also experiment with using different time frames. If you start your regression at the beginning of the 2012/13 bubble then it becomes much larger than the 2013/14 bubble. I personally don't think this is appropriate if you are looking at the long term exponential growth - but you gotta bear it in mind.
One other thing - this data swaps from the mtgox to bitstamp data. I feel mtgox data is generally to be avoided, because of the way it skewed the market - but it's all we have from the early periods.
Here is the code for those who want to play. About to hit the town for some booze n ladies... so won't respond to comments questions (if any) until tomorrow. :)
import json, requests import pandas as pd import numpy as np import datetime as dt import operator import matplotlib.pyplot as plt import matplotlib.dates as mdates def get_data(api_name): ''' pulls data from the quandl api api_name either 'BITSTAMPUSD' or 'MTGOXUSD' ''' url = 'http://www.quandl.com/api/v1/datasets/BITCOIN/{0}.json'.format(api_name) r = requests.get(url) raw_data = r.json() # put the data in a Pandas DataFrame object data = pd.DataFrame(raw_data['data'], columns=raw_data['column_names']) # change the order so the earliest records are first data = data.reindex(index=data.index[::-1]) # reset the index order increasing from 0 data['i'] = range(0,len(data)) data = data.set_index('i') return data bitstamp_data = get_data('BITSTAMPUSD') mtgox_data = get_data('MTGOXUSD') #change the dates to python datetime objects bitstamp_data['Date'] = pd.to_datetime(bitstamp_data['Date']) mtgox_data['Date'] = pd.to_datetime(mtgox_data['Date']) # select the mt gox data prior to bitstamp pre_bitstamp = mtgox_data[(mtgox_data['Date'] < bitstamp_data['Date'][0])] # whack the mtgox and bitstamp data together data = pre_bitstamp.append(bitstamp_data) data['i'] = range(0,len(data)) data = data.set_index('i') # Data has some bad values. Replace them with previous days data # First replace the bad values with a NaN value data.loc[(data['Open']==1.7e+308), 'Open':] = np.nan # now replace the NaN values with the previous days values data = data.fillna(method='pad') # create X and Y for the regression X = pd.DataFrame(index=data.index) X['0'] = 1 X['1'] = data.index # convert the price data to a log10 scale Y = pd.DataFrame(index=data.index) Y['0'] = np.log10(data.loc[:, 'Weighted Price']) # convert to numpy matrices for use in the normal equation X = X.as_matrix() Y = Y.as_matrix() # Normal equation (works much better than gradient descent in this case) X_T = X.transpose() theta = np.linalg.inv(X_T.dot(X)).dot(X_T).dot(Y) # use theta to plot the regression regress = X.dot(theta) # create a histogram of the residuals (difference between actual and predicted values) diff = Y - regress bins = np.linspace(diff.min()-0.2, diff.max()+0.2 , 80) plt.hist(diff, bins) plt.show() # select groups of residuals for colouring # ranges are selected on the (semi-arbitrary) basis of how they appear to be grouped in the # histogram above. purple = ((diff > -1.0) & (diff < -0.65)).flatten() blue = ((diff > -0.65) & (diff < -0.31)).flatten() green = ((diff > -0.31) & (diff < 0.0)).flatten() yellow = ((diff > 0.0) & (diff < 0.27)).flatten() orange = ((diff > 0.27) & (diff < 0.6)).flatten() red = ((diff > 0.6) & (diff < 1)).flatten() pink = (diff > 1.0).flatten() # Create the chart # Let matplotlib do the work of selecting date ticks plt.gca().xaxis.set_major_formatter(mdates.DateFormatter('%Y-%m-%d')) plt.gca().xaxis.set_major_locator(mdates.AutoDateLocator()) # plotting the raw price data and then log scaling the chart plt.plot(data['Date'], data['Weighted Price']) # regression data is already in log scale, so scale it back up. plt.plot(data['Date'], 10 ** regress) # apply the log scale to the chart plt.axes().set_yscale('log') plt.xlabel('Date') plt.ylabel('Price (USD)') plt.grid() # Plot the residuals plt.scatter(data['Date'][purple], data['Weighted Price'][purple], marker='x', c='#2E0854', label="-1.0 < res < -0.65") plt.scatter(data['Date'][blue], data['Weighted Price'][blue], marker='x', c='b', label="-0.65 < res < -0.31") plt.scatter(data['Date'][green], data['Weighted Price'][green], marker='x', c='g', label="-0.31 < res < 0.0") plt.scatter(data['Date'][yellow], data['Weighted Price'][yellow], marker='x', c='y', label="0.0 < res < 0.27") plt.scatter(data['Date'][orange], data['Weighted Price'][orange], marker='x', c='#FF6600', label="0.27 < res < 0.6") plt.scatter(data['Date'][red], data['Weighted Price'][red], marker='x', c='r', label="0.6 < res < 1.0") plt.scatter(data['Date'][pink], data['Weighted Price'][pink], marker='x', c='#ff69b4', label="1.0 < res") # add the legend handles, labels = plt.axes().get_legend_handles_labels() plt.legend(handles, labels, loc=2) plt.show() 
submitted by grovulent to BitcoinMarkets [link] [comments]

[Question] Using MA (moving average) for BTC-USD chart or any stock

Hi Forum,
I am sorry to ask this question as I understand it maybe frustrating and may frustrate some pros. I would like to understand how to use MAs. The chart in this article Chart .
So they use a 5 day and a 10 Day MA. Ok great, however the 5 and 10 are units and it really depends on what your units are, Hourly would be 5 hour MA and daily would be 5 day MA..... I think i get that, so to interpret a chart, how do you know which unit to choose. In the screenshot HERE Screenshot.
RIGHT: Hourly units from the 16th . Left: Daily units from the 16th.
In the right the 20 MA shows a support, in the left the 20 MA shows a resistance, so how does one know which unit to take / set the chart to since applying the same MA yields diff results
submitted by daproject85 to StockMarket [link] [comments]

Bi-weekly Digitalcoin News Thread [#4]

Hi Digitalcoin, and welcome to the fourth edition of this bi-weekly news digest!
Things are still quiet on the cryptocurrency front, and the digitalcoin community is no exception. However, enthusiasm is starting to return. We have experienced the first major price hike in a long time, as this DGC/BTC and DGC/USD charts indicates. We seem to be settling for a new floor.
This edition of the digest will be short and sweet: we'll see how Heartbleed died and discuss new services & faucets, among other things.
Happy Friday everyone!
Yours truly,
ThinkThrough

What has happened in the past two weeks?

On the Reddit front
News of the world
Services

Upcoming

Big events in the next few weeks:

Most generous tippers (past 2 weeks)

Username | Tipped (dgc) | Received (dgc) | Net diff. | thinkthrough | 135.000000 | 25.000000 | + 110.000000 | happyfocker | 191.000000 | 100.000000 | + 91.000000 | fullmetalgurren | 215.000000 | 164.000000 | + 51.000000 | n47h4nk | 10.000000 | 5.000000 | + 5.000000 | 
Source: http://www.reddit.com/dgctipbot/wiki/tips

/digitalcoin stats (past 2 weeks)

Source : http://www.reddit.com/digitalcoin/about/traffic/

Past editions

Did I miss something?

If I missed something, post it in the comments, I'll add it in to the post.
submitted by ThinkThrough to digitalcoin [link] [comments]

Algo for AMD and Nvidia cards

Part of X style algos successful adoption rate at this point is because it opened up a whole new market with the Nvidia 750s. Now imagine if an algo was created so that all Nvidia and AMD cards could hash at the same rate and use the same miner. It would garner a lot more attention and give miners more options. The miner would have to be something proprietary at first so that it would be an even playing ground. Kind of like when Scrypt N was first released with vertminer.
(here is where I rant a bit)
Take into consideration mining is a hobby for a good portion of the population but is used for profit for many others. The ones mining for profit control a great portion of the hashrate so we can't neglect their needs. I'll keep saying this until the very end. Miners make the coin go round. Everyone wants adoption and coin usage. Bitcoin itself is still struggling with that so you can imagine how far off altcoins are from the same. Miners control the market way more than investors and merchant adoption do and as long as multipools are looking to trade in coins for the mother coin BTC, coins with low diff will always be a target. We catered to the miners in the beginning and did great. If you do a side by side of the diff chart and exchange rate you'll see. Almost exact correlation. Network diff controls exchange rate not the other way around (even though I'm sure large increases in exchange rate attract miners).
Ok enough rant. It's family time :P
P.S. I have faith in the vert devs and especially the community. I might say some things that seem negative but I just keep it real even when times are good. Now is a good time to weed out the shaky hands and show everyone what really makes a coin is community (and a new algo :P )
submitted by murphyj169 to vertcoin [link] [comments]

Why the price is so low.

Hey all,
We are all facing some adversity at the moment. (Cryptsy price is 33 litoshi at current moment) TiPS is now the #4 most profitable coin to mine at multipool.us. This is both good and bad for the community.
It's good that we're the #4 most profitable coin because it proves that this coin has value. This coin is now becoming one of the older coins in the mix, and it still has staying power.
The bad news.... this coin is the #4 most profitable coin so many of the multipools are simply dumping it to straight LTC / BTC.
So here we are. We're facing large dumping, but at least Kimoto Well has fixed it so we don't have to face high diffs after the multipools leave.
To combat this mass dumping we need the community to expand and continue mining. Right now we're at .92 GH/s.
Multipool.us boasts 15 GH. When they put their sights on us, prepare for some price pain. We are in their sights when we become the #1 most profitable coin. This only happens when the diff goes down or if the price goes up
The diff is currently 29. As a community we have to increase the diff. This means ALL HANDS ON DECK. We need to be mining this coin.
The higher the difficulty, the higher the price can grow before the multipools swarm in. (you can track this at multipool.us)
The higher the price, the more people will flock in. It's pretty straightforward.
Keep up the good fight people. Keep mining your TiPS, spread the wealth, be generous, and have fun! TiPS is what you make of it.
25,000 TIP BOUNTY As much as I would love to figure out the scripts for this... I will give a 25K TIP to the person who can give me the script for the following info:
I would like a little text box (similar to the price box on upper bar at bitcoin markets - http://www.reddit.com/BitcoinMarkets)
that has the following information (similar to box here: http://dogepay.com/)
You need to hook up to a mining pool's API (or maybe fedoraco.in?) to get the fields refreshed every 60s. You have to research how to access an API.
Education is necessary
Look together we stand, divided we fall. The way I see it, there is no reason for us to devour each other. EVERYONE SHOULD BE EDUCATED.
There are sharp traders who take advantage of the diff / price ratio and they will sell before it becomes profitable for multipools to swarm in. if they profit, good for them. YOU, however, MUST UNDERSTAND THIS MECHANISM SO YOU'RE NOT LEFT IN THE DARK. Once we're all on the same page, we can act as one.
I still have much work to be done.... much easier transition from newbies to mining... this chart I'm talking about.
I want to make this a place of crypto enlightenment, keep the sharks and multipools at bay, and all profit. Our goal is to not have sucker bagholders at the end. The price should stabilize enough to reach an equilibrium where people don't gain / lose large chunks if they buy at a much higher price.
This is the ethical way to do it. This is the way to prosperity.
TLDR: Mine your butts off! 25k bounty if you can get me the scripts I asked for in text.
[EDIT] Bounty awarded to myself :) Still have to figure out how to get Difficulty.
submitted by cinnajerry to FedoraCoin [link] [comments]

[Question] Using MA (moving average) for BTC-USD chart

Hi Forum,
I am sorry to ask this question as I understand it maybe frustrating and may frustrate some pros. I would like to understand how to use MAs. The chart in this article Chart .
So they use a 5 day and a 10 Day MA. Ok great, however the 5 and 10 are units and it really depends on what your units are, Hourly would be 5 hour MA and daily would be 5 day MA..... I think i get that, so to interpret a chart, how do you know which unit to choose. In the screenshot HERE Screenshot.
RIGHT: Hourly units from the 16th . Left: Daily units from the 16th.
In the right the 20 MA shows a support, in the left the 20 MA shows a resistance, so how does one know which unit to take / set the chart to since applying the same MA yields diff results
submitted by daproject85 to Trading [link] [comments]

[Question] Using MA (moving average) for BTC-USD chart

Hi Forum,
I am sorry to ask this question as I understand it maybe frustrating and may frustrate some pros. I would like to understand how to use MAs. The chart in this article Chart .
So they use a 5 day and a 10 Day MA. Ok great, however the 5 and 10 are units and it really depends on what your units are, Hourly would be 5 hour MA and daily would be 5 day MA..... I think i get that, so to interpret a chart, how do you know which unit to choose. In the screenshot HERE Screenshot.
RIGHT: Hourly units from the 16th . Left: Daily units from the 16th.
In the right the 20 MA shows a support, in the left the 20 MA shows a resistance, so how does one know which unit to take / set the chart to since applying the same MA yields diff results
submitted by daproject85 to BitcoinMarkets [link] [comments]

AMA Brandan Eich - Creator of Javascript, Mozilla Firefox & Brave Software in Ark slack

boldninja @brendaneich hi Brendan welcome to Ark slack - Brendan is the creator of JavaScript, co-founder of Mozilla / Firefox & Brave Software and today we'll host AMA with him regarding his upcoming project http://basicattentiontoken.org/ BasicAttentionToken
moobox i think i'm gonna forget about bitbay and keep it
dr10 hi brendan
brendaneich hi
dr10 nice to have you here :smile:
boldninja hi Brendan - thanks for joining us today
brendaneich happy to be here @boldninja
tranzer hi @brendaneich , I have a question regarding BAT. Will you have limited number of tokens or will you have inflation? When do you plan to start ICO? (edited)
michaelthecryptoguy Hello Brendan. Nice to have you in the ark community slack channel
mward Hello
moobox the ironies of old age. you can afford the sports car you dreamed of as a kid, but your back hurts too much to sit in it.
dr10 Will Mozilla- and Chrome-Plugins be usuable for Brave browser? Will Brave Browser be able to sync bookmarks?
mike hi brendan
cannabanana is the BAT token just an ETH asset or will it be a new blockchain technology? if the first, why ETH instead of your own block chain? :smile: (edited)
brendaneich @dr10 two questions, first one first
jonathansampson @dr10 Chrome extensions are supported today, I wrote a short walkthrough on how we (I'm an engineer on Brave) test extensions before adopting for official support. https://blog.brave.com/loading-chrome-extensions-in-brave/ Happy to answer any questions you may have. (edited)
brendaneich 1. Brave on laptop/desktop uses chromium and we support chromium extensions, but curate them into our own S3 from the Chrome Web Store ah, there is @jonathansampson on to second q
jakethepanda @brendaneich How will Brave detect bots designed to give fake attention? (edited)
brendaneich 2. Brave's client-encrypted sync is in beta now, if you use iOS i can connect you with the devs to get a beta build. it works between laptop/desktop systems already, and is coming up in Android too @cannabanana BAT is an ERC20 token on Ethereum. we need smart contracts and benefit from multiple token launches proving the tech and approach no desire to do our own blockchain
mward The BAT wallet will be implemented in Brave browser as a plug-in?
brendaneich we are pragmatists, use bitcoin already in Brave for auto-microdonations
cannabanana will you only accept ethereum for the ICO or will you also be accepting bitcoin?
brendaneich @jakethepanda please see https://www.reddit.com/BATProject/comments/61kw7f/question/dfxkuus/ reddit Question • BATProject We have answers, you may not be surprised by them: 1. Rate-limiting. Bots can fake human ad viewing (see https://whiteops.com/methbot), but we'll... @mward no, deeper integration than an extension (plugin still is overloaded for old-style stuff like Flash) can have
brendaneich @cannabanana ETH only, as BAT is an ERC20 token -- we are not launching a new exchange or anything, so other currencies have to be exchanged to buy BAT
boldninja When do you plan to start your initial token offer, will there be any hard cap?
jakethepanda @brendaneich Is this right? Users opt into the BAT system and get paid for their attention. Advertisers pay for ads with BAT. Through a smart contract, BAT is unlocked as users give the ad attention. The unlocked BAT is split up between users, Brave, and publishers.
brendaneich @mward we have BitGo provided bitcoin wallet integration in Brave already, ofc the wallet is on the blockchain not in Brave but the deeper integration is for the private, "chartbeats in your browser" auto-microdonation analytics, and the anonize.org-based ZKP protocol over VPN to communicate your donations w/o loss of anonymity or fingerprinting via the list of your top sites
@jakethepanda that is the goal but doing it with real-time BAT flow is in the future, the "Apollo" (or Mars mission) space program phase; we're in "Mercury Redstone" rn, monkeys in buckets on parabolic paths
nt91 When is ico
brendaneich @boldninja @nt91 we haven't announced the date but will very (very) soon, just getting logistics and final audits done
@boldninja cap is $15M of ETH so we have to pin the ratio close to launch given recent vol.
dr10 How will you get Brave Browser to the masses? Any marketing campaign you like to sum up? Any bigger announcement or plan?
jakethepanda How is the split determined between users, publishers and Brave?
brendaneich @dr10 we are growing, mostly organically right now, under 1M MAU but we will (in best case of crowdsale) spend more to growth-hack, which is advertising + funnel analytics / retention analysis loop
tranzer @brendaneich don't know if you have been following tokencard ICO, but they had kind of a fuckup with their smart contract, also they didn't give their address of contract literally before it started. How will you go about this? Will smart contract, address be known beforehand?
brendaneich an important point: if we hit cap we will found a trade group for attention apps and get other apps on board to use BAT and help us get to scale faster with buy side of ad-tech system, also with bigger donor cohorts via membership in trade association
nt91 Once launched how quickly isit likely to join the exchange
brendaneich @tranzer we followed that closely, it was Not Good. we are using a super-simple contract based on FirstBlood, Golem, StandardToken
mward How will you make the crowdsale? Like Gnosis? (Dutch action) The BAT token wil have fixed price at the time of ico?
brendaneich @nt91 can't say, not our biz and we are building the "in game" economics first so exchanges can come any time
brendaneich @mward fixed ratio of BAT for ETH
fixcrypt @brendaneich will all the tx recorded on eth blockchain, or will you manage some sort of payment channels?
dr10 Do you plan to integrate decentralized VPN or Tor-Like stuff? Your browser is really fast, will these things slow it down? Or didnt plan any of this?
brendaneich @fixcrypt all on chain, no preselling, no funny stuff -- we believe in simplicity first, given all the experience in this space
mike would you be interested in using a different blockchain to eliminate all the overhead of paying such a huge network of computers on ethereum to each process every single contract on each computer? (edited)
cannabanana I hope you guys will reconsider accepting more than just eth for the ICO. I have not been able to invest in any of the past like 5 good ones. There's a whole segment of people who wont touch ETH.
tranzer @brendaneich ok I know this is not about BAT, but did you know that Ark is built in JavaScript :smile: ?
fixcrypt @brendaneich how many tx are we talking about? 1 each time there is a basic attention detected? (edited)
brendaneich @dr10 we are going to do Tor private tabs, see https://github.com/brave/browser-laptop/wiki/Brave-Tor-Support GitHub brave/browser-laptop browser-laptop - Brave browser for Desktop and Laptop computers running Windows, OSX, and Linux
we will make it possible to pick a region for exit node from Tor relay network -- so you can unlock region-locked videos, e.g.
yes, Tor slows things down and Tor private tabs turn on fingerprinting protection, turn off most JS, etc. -- that's a good thing
michaelthecryptoguy Very Nice!!
brendaneich @mike i'm a pragmatist and will use whatever blockchain is big enough, robust enough, has functionality we need (smart contracts, ZKP anonymity coming along, etc.). Zcash adding token support this fall, i hear. we don't multiply risk by jumping on bandwagons whose wheels are still off :wink:. we do not try 10 hard things at once -- space program from monkey in can to moon
@cannabanana we are launching an ERC20 token on Ethereum, you buy with ETH, we are not an exchange
the few launches whose contracts hardcoded a bitcoin address were launching exchange-like projects, so could take the risk
we are not doing that
separate concerns
@tranzer i heard :wink:
twitchard What do you think the adoption function for BAT looks like. Do you think there's a critical mass at which adoption will drastically speed up? Or do you think it is more gradual
brendaneich @fixcrypt no, in early phases of BAT program we cannot put each attention event on chain
obv. the chain is too costly, also: not anonymous! big tracking prob
fixcrypt agree
brendaneich we build in hybrid fashion
Brave already has anonize.org v2 ZKP integrated
requires centralized but open source accounting server
fixcrypt ah yes make sense
brendaneich we'd like someone else to run that (escrow, also could add exchange to fiat as publishers like being paid in fiat)
dr10 Can I visit websites, that block Users, that use addblock? Is there a way to work around this? Currently I use brave browser and some pages block me, because of using addblock. What is your solution to this or do you think these website will change their behaviour?
brendaneich if we can do server to client remote attestation (see https://www.npmjs.com/package/secureworker) we will npm secureworker Run JavaScript inside an Intel SGX enclave
jonathansampson @dr10 That's a bug; let us know which sites are detecting Brave as an ad-blocker, and we'll file Issues on GitHub. We're constantly making improvements in this space, and recalibrating as necessary :slightly_smiling_face:
brendaneich eventually it should all decentralize but that requires the blockchain (a blockchain; could be red-headed lovechild of Ethereum and Zcash lol) to do anonymity and microtransactions both very well
fixcrypt so payment are done on blockchain, but it basically validates on a daily basis a centralised payment channel between all stakeholders
mike like the chart on ad percentages of sites in the whitepaper. I've noticed for a long time the mainstream news sites are the worst to go to, a literal assault on the browser visiting them - have avoided going to them as a result, think you're on to something to mitigate this.
dr10 I visited a german boulevard magazine www.bild.de
brendaneich bild.de makes my eyes bleed
dr10 so normally this wouldnt be the case?
yeah its just an example lol
because I know they block addblock people
jonathansampson @dr10 I'll file an issue immediately!
brendaneich @dr10 we get around forbes, wired, latimes, many other anti-adblockers
michaelthecryptoguy Will these be done on a multi - channel?
brendaneich publishers who put up such user-hostile dialogs tend to lose alexa/comscore share
gotta catch up on the Qs
@fixcrypt next
tell me if i missed you
fixcrypt no pb
tranzer Haven't used Brave yet, might try after today, but is it same memory hungry as Chrome is?
twitchard :wave:
1nfinite concerning the ICO - will there only be one? meaning all 700m coins will be distributed through this initial $15m ICO (meaning $1 will net you about 46BAT)? sorry if I'm misunderstanding some of the info you've put out in asking this
dr10 What if I want to support Live-Streams (twitch) or youtube videos by watching their ad (which is not part of the brave system) Can I still turn off this mechanism?
brendaneich @fixcrypt yes, we buffer automicrodonations over 30 days of your uptime (varies by user; if you go on vacation those days don't count) and send Anonize ZKP votes (one per voting session, all over VPN) to our accounting server, along with the total bitcoin per 30 days you pledged. this goes into settlement wallet, the votes go into accounting db
we want to decentralize this as noted, just repeating in case anyone missed
fixcrypt decentralize this will be hard, maybe when segwit is enabled on bitcoin, but ETH, i have no idea (edited)
brendaneich @michaelthecryptoguy sorry, what did you mean by multi-channel?
jonathansampson @dr10 You can track the bild.de issue here: https://github.com/brave/browser-laptop/issues/6758 (Thank you again for reporting) (edited)
fixcrypt i think decentralizing everything is not always the best solution
brendaneich @tranzer we use less memory than chrome by virtue of ad and tracker blocking but we have some bugs to fix pre-1.0 (which i think will be in june) -- i use brave on all OSes, also use a bit of other browsers to keep up with joneses but i've cut back and tried to live in brave. on macOS i am still bugged by mem use (i'm a tab hoarder) and some lag bugs but we are on them -- will fix this month!
michaelthecryptoguy one blockchain ledger with multiple transactions, instead of being signed one at a time (edited)
brendaneich @1nfinite yes, selling 700M, floating 300M on side for user growth pool (100M), trade association, team, and future reserve
1nfinite thanks!
tranzer so 70% to ICO and 30% for team / user growth? Sounds reasonable (more than gnosis :joy: )
moobox this is great to talk to brave devs - pls to make websites look like this: http://i.imgur.com/00mQ8mc.png (173kB)
brendaneich @fixcrypt you could be right, centralization or let's say trusted third parties have existed since at least agriculture (10K years?) so we as pragmatists must consider some -- but we don't like "trust me" / "don't be evil", we prefer "trust Math" / "can't be evil"
michaelthecryptoguy then the last transaction is added to the blockchain
dafty what failsafes are planned to stop bots (eg, running selenium) from mocking a real human and gaining bat tokens? how do you know a user is actually a user?
jonathansampson @moobox We will support themes in a future release, as well as extensions to modify page presentation. If you have any favorites, please let us know :slightly_smiling_face:
moobox thank you sir
michaelthecryptoguy to improve the cost of using eth network
dr10 There are lot of small companies, Twitch/Youtube content creators which live by ads. These ads aren't yet part of the Brave-System. Will there be a smooth transition? Can I still turn off the brave-mechanism and watch these ordinairy ads, to support individuals or are they forced to switch over to Brave?
fixcrypt @brendaneich trust the code that can be hacked, or trust the people that can be evil… Make your choice. DAO vs Banks
brendaneich @michaelthecryptoguy yes, we must batch -- at first in-browser. auditable open source required, verified builds if OS/toolchain support them. there is a level of endpoint software trust in any attention ecosystem but part of the trade association idea is to standardize stuff, including ZKP and VPN rules for submitting the private ledger to the blockchain or equivalent, also auditing requirements to use BAT
cannabanana I trust bitcoin but I don't trust bitmain is not evil
brendaneich @moobox are you just asking for a dark theme? on our roadmap
moobox well this is a plugin for firefox that swaps out all website colors - nothing like it for chrome yet except an ugllly one
brendaneich @tranzer yeah, GNO didn't sell enough IMHO but i'm not on team so won't throw stones -- just sayin' as observer
mward Why only 15M$ max? Don't you think the ico will end very fast?
moobox i am just hoping maybe some person sees it and says "i want that too"
tranzer @brendaneich are you still active in JavaScript development? Could there be any kind of cooperation with Ark in the future (also asking main dev of Ark @fixcrypt ) ?
brendaneich @dafty did you see the reddit link above? besides real (costs money, boots on ground; we're evaluating Blockscore rn) KYC, we have rate limits in mind based on humans, and flow limits so a compromised real user or convincing fraudster can't get $MMs of BATs from friends and family and then pass KYC to send off to a mixer
cannabanana :trollbounce: not to mention two of us are in the bay area
brendaneich start with in-game economics, no exchanges
1nfinite any chance you'll incorporate certain requirements for investments above xx number of Eth for the crowdsale? to prevent 20 big players from buying up the whole thing?
axente How are you guys legally setup? Swiss foundation?
jonathansampson @moobox We have heard similar requests from other users, and are eagerly working towards a release that supports both theming of the browser, and styling of the content. Let us know if you have any other ideas/requests :slightly_smiling_face:
brendaneich add KYC on publishers getting donations (done in prototype form in Brave using bitcoin rn)
add KYC for users wanting to withdraw -- this also means rate/flow controls
fixcrypt @tranzer well the only point would be to use ark as the payment network, instead of ETH, i don’t see any other interaction. Also maybe make brave agnostic enough so people can choose their network payment
brendaneich but for many users the opt-in zero-knowledge ad revenue is not enough to withdraw and they'll donate it
you can net-zero your monthly spend: make ad rev on non-top-20 sites, donate to top 20
I should add we want to start with user-private ad channels, like WeChat
we won't put ads on publishers's slots without their consent and partnership
some will come fast but bigs will be slow
so we're looking for user private ads: in separate tab, wechat-like bot, fullscreen channel, etc.
these can pay most rev share to user
still rate limited, no couch potato as a service lol
dr10 what about the twitch/youtube question? How could this work out?
brendaneich @dr10 we've always had a design that denotes payee with URL including path to youtube/twitch account, not just domain name
but we start with domain name for beta/MVP
will get team on twitch/youtube in coming months, it's hot topic
everyone wants it, we're just busy (24 people now)
crowdsale will help
can hire more to parallelize a bit
dr10 so you are working on a solution to pay off individuals within the brave-system, right?
@ yt / twitch
brendaneich @mward we debated cap on basicattentiontoken.slack.com and consensus was to keep at $15M -- but a few still suggest raising or no cap, much concern about fast sell-out and whales buying too much
mward yes, that is my concern.
look at gnosis distribution..
brendaneich @tranzer yes, i'm on Ecma TC39 and still active / consulted
mward you need a lot of small investors, not whales
dr10 When you implement Tor-like stuff. Can I also Download stuff via ToVpn? just using the Tor-Tab to download
brendaneich @1nfinite we aren't going to change the contracts, in third audit currently. we can't really limit whales who have tools to buy from lots of addresses
@axente we are not swiss but looking at tax optimization structures pre-launch; brave is delaware (US) c corp; trade group would be 501c6, need to pass IRS muster so that is many months after launch
axente Oke thanks
1nfinite got it, thanks. So will there be a cap for how much can be donated per address?
brendaneich @fixcrypt code is hacked, security never done; no silver bullets. but people are easier to hack and hack themselves lol
dr10 Is the brave browser running in a sandbox like chrome?
dafty how are inappropriate ads handled on the network, is there some form of reputation system for advertisers?
brendaneich @mward GNO sold too little, cetaceans eat too much agreed. GNT sold more and we can't find on-chain huge buys
@dr10 use Tor private tab, yeah
jonathansampson @dr10 That is correct.
brendaneich btw does everyone know Brave supports magnet: and .torrent now via WebTorrent integration?
@dr10 yes, we use chromium with the same sandbox -- had to fork electron hard (twice) to do this, btw. Slack uses unsandboxed chromium renderer processes :disappointed:
tranzer I think I'm sold on brave today will definately try it out
jonathansampson @tranzer Awesome. Let us know if you have any feedback!
brendaneich @dafty we haven't taken any ads at all yet so start from clean slate. no exchanges, ads bearing malware get thru, also https://whiteops.com/methbot fraud on sell side steals revenue by putting real ads into fake slots clicked by fake users whiteops.com Methbot | White Ops Digital Advertising Security. Enterprise Security Solutions. Bots are bad for business; we're bad for bots. (4kB)
our plan is to go direct to agencies who get ads from brands
our ads are opt in
no surprises for our users who want and expect baseline Brave to block
djselery @brendaneich what are your feelings about IPFS?
dr10 Will the Paying/receiving of tokens in the brave system be easy to understand for non-tech people? Is there some kind of tutorial or easy buttons or something like that? This is a total new environment for people. You have any plans for "educating" people or making it easy to use. Like a browser-integrated Balance? Easy overviews?
brendaneich if you opt in, you can start with light touch but to get BAT out you must KYC
@dr10 have you used Brave Payments (beta) yet? the support is built in
usable UX
tranzer will you need to do KYC also if you transfer to Brave and after that decide to put it out on exchange?
brendaneich we are moving (with new name, not "Payments") to second beta with Stripe as partner for users to fund automicrodonation wallet without seeing bitcoin
dr10 I have it installed and browse with it, but it is not taking me by the hand. I wouldnt know whats going it. I will look deeper into it.
brendaneich @djselery juan DMed me and we chatted about their JS implementation following WebTorrent into Brave -- it could happen. couldn't take the Go impl :wink:
@tranzer if you buy BATs as investor, no KYC -- just send ETH to token contract once launched, get BAT back
dr10 Maybe implementing something like a tutorial when starting brave browser would be nice. I am thinking of people who dont know any of this stuff and are not interested into researching it a whole lot
alexius89 @brendaneich are there partnerships with any exchanges (Bittrex, Bitshares etc.) planned or already confirmed after the crowdfund has ended?
geezee @brendaneich you should accept ARK :smile: :smile:
brendaneich @tranzer if you are a user of Brave after we launch BAT and have it integrated, and want to opt into ads, no KYC at first but the funds (to which you will have multisig custody, similar to bitcoin setup with BitGo wallet today in Brave for donations) flow in API-keyed and browser-automated fashion toward the accounting server that settles donations behind the anonize barrier
@tranzer if you want to send BATs from your wallet to other destinations then KYC needed
@dr10 go to Preferences / Payments; the Coinbase buy widget integration is US-only and a bit much for average users, wherefore our Stripe partnership
if you have BTC already, you can just fund your wallet and start
we have pinning (Patreon in the browser) in 0.15.2 now
so you can support sites with x% of your monthly budget whether you browse there or not
dr10 Will I earn more then I pay, when I chose to accept to watch these ads?
brendaneich @dr10 you don't have to pay at all, you can just earn
both donations (currently and in future) and ads (still to come, after BAT launch) are opt-in and separate
dr10 so basically what you say... the average dude can earn money just by browsing? It will be of couse small amounts, but better then nothing
fixcrypt @brendaneich on a business model side, is Brave team earning directly from this (ie part of the revenue redirected to the team for further development)?
tranzer Will bat have finitive coins and nothing added after few years or is there some subsection where you can increase token numbers via smart contract in the future ?
brendaneich @fixcrypt we are selling 70% and 30% floats on side. 10% is user growth pool. remaining 20% is reserves for team, bat.org (shorthand for basicattentiontoken.org; also have attentiontoken.org, attentioneconomics.org) and poss. user growth reserve
dr10 what if nobody choses to donate to pay money to the ad-publishers/BAT. doesnt the concept break down? I mean many people just want to earn. They watch these ads and get money.
brendaneich @fixcrypt biz model for Brave is not fundraising, though -- that's mostly burned down as non-recurring engineering, marketing (ads and growth hacking), etc.
biz model is small percentage (currently 5%) of automicrodonation gross, and larger (maybe 15%) off gross ad spend
these will be public numbers, we want transparency
if we do user-private ads, 85% of rev could go to user
part of Brave's brand is a set of promises: your data only on your devices in clear; we don't track, or store cleartext; rev share to you for opt-in ads at least as our share.
fixcrypt @brendaneich i see some maintenance with regular upgrades from chrome and advertisers relationship, so it needs a regular funding from transations i agree.
brendaneich @dr10 if everyone free-rides then system collapses; note this is risk today on Web, without Brave (which is small-share browser)
on Web today you can use a strong ad blocker like Brave, or Chrome+uBO+Disconnect.me
fixcrypt also will the revenue from donations will be contractual on the blockchain?
cannabanana do you have a contingency plan in case of critical ETH failure in the future?
brendaneich @tranzer contract is super-simple, we are making 1e9 BATs, no plans for more. can subdivide, expect appreciation but then use mostly as medium of exchange and unit of account, not store of value. don't want everyone hoarding. as with real world economies if everyone saved the system would collapse
michaelthecryptoguy for example the double spend issue like bitcoin had
dr10 What are your arguments for people donating for ads/keeping the money circulated. Why shouldn't they just cash-out their money?
Can you tell me an example of how much I would earn by browsing an hour? What is it depending on? Is there a good example to tell to people?
tranzer How are you going to counter exchange BAT price fluctuations? We all know tokens are highly volatile can go up 200% in a day or fall 50% in a day. How will you determine how much is someone paid ? Will you use USD value at time of contract with publisher / advertiser?
cannabanana @brendaneich wouldn't it be better to have a better distribution of BAT tokens during the ICO? currently in our environment with ICOs which have been selling out instantly is that there are like 10 whale ETH investors who get all the coins and hoard leaving out like 99.5% of the people who would have invested. (edited)
dr10 Dont know if I missed it. How much BAT will I get for 1 ETH?
fixcrypt @tranzer agree volatility is something advertisers don’t like (edited)
brendaneich @fixcrypt good q about transactional on blockchain, we do it all on bitcoin blockchain currently. we want transparency
have i mentioned ad tech is full of non-transparency, price gouging, etc.?
see http://digiday.com/marketing/proverbial-black-box-open-exchange-auctions-transparency-problem/ Digiday ‘A proverbial black box’: Open-exchange auctions have a transparency problem - Digiday Demand-side platforms are unclear about how supply-side platforms charge their publisher partners, and they can't tell if a bid price is inflated. (199kB) Yesterday at 6:00 AM
@dr10 we haven't pinned the ratio and won't till close to launch date in view of ETH volatility
we are raising $15M equiv
dr10 tranzers question is good
like to know that too
brendaneich @cannabanana global war, giant meteor impact, etc. -- "exiguous circumstances" -- leave us with no good alternative, i mean this in deep civilizational sense. BAT launch will be least of our concerns. Short of these, the risk to Ethereum is low. could have primal flaw in design exposed. would have to rebase on another blockchain -- would be hard, tons of risk
catching up...
cannabanana do you guys even believe in blockchain?
tranzer Rebase to Ark :trollbounce:
cannabanana ok, nm.
brendaneich @tranzer can't volatility hedge yet (gamma hedge) as far as i know -- anyone know diff?
@cannabanana i believe in blockchain -- as with standards, the great thing about blockchains is there are so many :stuck_out_tongue:
@cannabanana we see no whalesign in GNT; if you mean GNO, see above. they sold too little
cannabanana well I also believe but not in ETH so you are basically only allowing ETH believers to partake in your project
michaelthecryptoguy Wow!! You are doing great @ brendaneich :goodjob: In the dedication and effort department! ::ghostfaceuk_node: (edited)
mward @cannabanana you can simply exchange btc to eth for ico. After ico ends and you have tokens, sell them for profit :trollbounce:
cannabanana and many projects recently "sold out" within minutes by 2m equivalent single transactions
@mward I wont ever buy any eth ever
brendaneich @cannabanana we are not religious about it, as noted above: tokens on Ethereum are proven tech (still young, mistakes and latent bugs, risk for sure but less than alternative token/smart-contract platforms). we are using Ethereum for smart contract based tokens and that's it
cannabanana that's not the point
you still must believe in it if you are only accepting eth
brendaneich @cannabanana did you actually check "many projects" to prove whalesign? we looked at some and aside from GNO couldn't find it
cannabanana :slightly_smiling_face: g/l
brendaneich @cannabanana we believe stuff, yes; have to believe to get up in morning, do anything
cannabanana i've been following altcoins since 2013
yes, i've seen them sell out in minutes
brendaneich but we are not Ethereum true believers in some zealot sense
cannabanana then why not accept bitcoin for the ICO
because of hte risk you said.
brendaneich i will say ETH price rise is scary; but EEA (JP Morgan -- federal reserve founder!) backing Ethereum is huge
mike i had a very bad experience with HEAT using Ethereum, still have to pursue it to track it down - time consuming so have put it off. Used an online wallet, jaxx, i think, since installing and waiting days for blockchain was a lot more than i wanted to deal with. Maybe there are better alternatives now.
cannabanana sorry man, didnt mean to hijack your ama
brendaneich @cannabanana accept bitcoin how?
hardcode a bitcoin address in the token contract?
Zooko's XCAT scheme?
it's cool but no thanks
K.I.S.S. rules
we will not multiply risk (odds ratios) of independent events
that's a good way to die
cannabanana wow you are a jerkoff man
I just wanted to invest in your project
but wont touch eth
brendaneich i was at a startup before Netscape (MicroUnity), talked to Jim Clark when I got to Netscape. said "we were doing ten hard things at once that all had to work for success" and Clark said "odds were 1e-10!"
cannabanana good god, good for you man
1nfinite way to be respectful @cannabanana - just because of some feud you have with ETH, too
brendaneich @cannabanana i'm not the one calling names here
techbytes let's not digress... stay on topic please
brendaneich i do like XCAT, check it out. cross chain atomic transactions
1nfinite thanks for the transparency here and taking the time to answer our questions @brendaneich
brendaneich np
i think i'm over time
did i miss anyone's q?
dr10 dr10 What are your arguments for people donating for ads/keeping the money circulated. Why shouldn't they just cash-out their money?
Can you tell me an example of how much I would earn by browsing an hour? What is it depending on? Is there a good example to tell to people?
brendaneich @dr10 thanks
dr10 np :smile:
tranzer Thanks brendan for answering all of my questions - good luck with the project I'll be sure to participate
brendaneich if people see ads and cash out, the ad business is working and perhaps it dominates
moobox thank you for answering my questions also
brendaneich today's web relies mostly on ads, few paywalls and they convert poorly
i have a feeling with automatic, anonymous microdonations and payments we will see more of that and less reliance on ads
but cannot count ads out, for sure
mike any chance of eliminating the KYC so people can just withdraw their BAT and trade it?
brendaneich @dr10 comScore had a figure of 100 page views per user per day
devin Bitcoin is to slow
mike i don't see where kyc adds any value for the users.
tranzer @mike you won't need KYC if you are just going to trade as far as I got this (edited)
brendaneich assume we partner on one ad per page (just for easy math; i don't like this model and think user-private ad channel with one ad per day might be much better)
100 ad impressions per day, 3000/month, if $3CPM that is $9/month
twitchard Is there some way/what do you think would be the best way for developers interested in advancing your mission to contribute?
brendaneich if we put the ads in user private channel and share 85% to user, that is $7.65/month to user
$3CPM is low figure
dr10 CPM means?
mike like the idea very much over all.
noslawxtrafries cost per impression I believe
brendaneich it's an ad cost model: Cost Per Mille (Mille from Latin for 1000 impressions)
video ads pay more; not just CPM but CPX for X = watch a video by quartiles; watch to end; click on download promotion after end (usually game ad)
mike so KYC is just to withdraw to fiat, but to withdraw to an exchange or another wallet is unrestricted?
brendaneich @devin yes, bitcoin too slow; no privacy either (edited)
devin Screw bitcoin
I want a project that accepts both
brendaneich @mike KYC is required or fraud kills the system faster than regulators (who will kill it too) (edited)
@devin there are projects doing this but they are "upstream" of ours
dr10 What are your 3 major arguments for mass adoption of Brave Browser. - Some Slogan you would give to magazines, etc.
brendaneich Fast (3-7x, see next link), Private, and you get paid for your attention
but remember we want the 501c6 trade association if we sell out. BAT is for multiple apps
mike have you looked at Blockstack for ID as an alternative to KYC?
brendaneich more than Brave
@mike yes (I know founders and saw them recently); that doesn't help
dr10 yeah but Brave will be the flagship of BAT token, right? Or any other big vision planned? (edited)
brendaneich @dr10 Brave will be first, yes
eventually everything here should be a standard
nothing's proprietary
twitchard Could BAT be implemented as a plugin/extension to other browsers? (Would it be more practical to fork?) (edited)
dr10 good question
mike or is KYC just needed for a threshold to withdraw above. it does seem there would be a pratical limit of how much organic ad traffic a user would be exposed to.
brendaneich blockchain, ZKP, even functional specs for KYC, definitely payments -- all should be standards used by lots of apps and services and people
@mike please find "rate" and "flow" above
ryano Dpos is probably the best consensus approach for things like this
devin @brendaneich thanks
brendaneich @twitchard BAT in extension is unclear as extensions have limited APIs, and often must be loaded from a store that has rules
kik got thrown out of iOS app store for doing its own payments some years back
CWS kicked out Ad Nauseum
mike i can see where someting is needed to mitigate clickfarms in low wage regions.
brendaneich i'm half hour overtime so have to go soon
@mike yes, and sybil attacks to route funds to a mule
stuff like that
ryano Thanks for your time Brendan
twitchard Thank you
brendaneich np, it was fun (except for the jerkoff thing :-/)
tranzer Thanks good luck
dr10 thank you very much
ryano Let me guess canna ?
cannabanana lol
man I asked a legit question and got shit on
so fuck it
jakethepanda Hi everyone. As Brendan mentioned, he will be wrapping up the AMA. @brendaneich Thank you for your time.
1nfinite thanks @brendaneich , learned a lot just from the terminology you've been using. Will spend time looking into all this, but your project sounds great
ryano Still dude, it's not good if you are predictably the one causing trouble
brendaneich @dr10 here's the "Fast" money shot
cannabanana well some people can't all be agreeable
brendaneich uploaded this image: Pasted image at 2017-05-09, 10:33 AM Add Comment
ryano You are the only one where this is an ongoing issue
It's bad for our community
cannabanana no, it's not. it's good because I give a different perspective on things. I'm not like you and I don't agree.
you think the success of ark has been on the backs of all the "good" ones?
brendaneich @cannabanana us taking ETH and me giving the reasons why we won't multiply risk is not me shitting on you -- we will have to just miss out on you this time. i wish we could take multiple currencies but it's an exchange problem at this point. maybe XCATs help in future
cannabanana I asked a legit question about what if it fails. what about hte investors?
is that not a legit question?
1nfinite WHAT ABOUT CONSUMERS????
cannabanana if you want me to put money in, I want to put in something I believe in
not something I dont
mike yes, if they want to stick with ETH, it's their call. Obviously plenty of ICOs have been successful with it, so it will continue in the future.
cannabanana consumers too, it's the same thing if it fails then the system is gone then the peopel who bought the bat to use are all out too.
brendaneich @cannabanana that's (https://arkecosystem.slack.com/archives/C41QFMCKH/p1494351381880292) fair and it means in a market, sometimes you don't make a deal -- you hold out for better product later (edited)
calling names and getting mad because someone won't do what you demand -- not fair. my 2 cents anyway
ryano You can't be calling guests jerk offs and trolls every time they don't tell you what you want. This is an ongoing issue with you. Nobody else here is lashing out at people except you and there are nearly 2000 people here.
jamiec79 oh lordy...
jamie exits the room quietly
cannabanana you know what nm
techbytes @brendaneich appreciate you stopping by today. Will put AMA on Reddit for others to find out more about your project.
brendaneich @techbytes thanks for having me
ryano Thanks Brendan
nt91 Brendan thank you for coming
ominous.shark Yeah, thanks for the AMA! @brendaneich ARK community appreciates it!
mike thanks for taking the time to talk with us about BAT, good luck with it.
michaelthecryptoguy :goodjob: Brendan and :goodluck: with the BAT ICO (edited)
boldninja Thanks @brendaneich - good luck with BAT
brendaneich thanks again
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