Newbs might not know this, but bitcoin recently came out of an intense internal drama. Between July 2015 and August 2017 bitcoin was attacked by external forces who were hoping to destroy the very properties that made bitcoin valuable in the first place. This culminated in the creation of segwit and the UASF (user activated soft fork) movement. The UASF was successful, segwit was added to bitcoin and with that the anti-decentralization side left bitcoin altogether and created their own altcoin called bcash. Bitcoin's price was $2500, soon after segwit was activated the price doubled to $5000 and continued rising until a top of $20000 before correcting to where we are today. During this drama, I took time away from writing open source code to help educate and argue on reddit, twitter and other social media. I came up with a reading list for quickly copypasting things. It may be interesting today for newbs or anyone who wants a history lesson on what exactly happened during those two years when bitcoin's very existence as a decentralized low-trust currency was questioned. Now the fight has essentially been won, I try not to comment on reddit that much anymore. There's nothing left to do except wait for Lightning and similar tech to become mature (or better yet, help code it and test it) In this thread you can learn about block sizes, latency, decentralization, segwit, ASICBOOST, lightning network and all the other issues that were debated endlessly for over two years. So when someone tries to get you to invest in bcash, remind them of the time they supported Bitcoin Unlimited. For more threads like this see UASF
Result from going through 100's of cryptocurrency projects on bitcointalk.org.
I will be the first person to tell you that I am not an "expert" and this is not financial advise. What I am sharing with you is some information based on my experience in the cryptocurrency world. It should be taken with an open, yet skeptical mind (As with anything you read). There will be somethings included that might not be relevant to what you are looking for or desire. I will not go into a lot of details on things you may not need to know. My goal is to educate people and to share my knowledge. Not every project I picked has made it big. But, they are still around and kicking. I am never really in a rush to give my money to someone else- in hope for profits. I take my time, and I research. However, in the past several days, I had a very full plate. With so many projects, I had to come up with a system to filter through them at a reasonable speed. If you are investing in one project, it is worth spending A LOT of time researching it. You want to be confident that when you hand your money over to that project, that it is in the best hands for a LONG period of time. If not, you will NOT be at ease in the long term. My approach: With over over 10,000 cryptocurrency projects listed on bitcointalk.org, I needed to come up with a plan on how to get through them in a timely manner. First, I came up with some parameters. Which means I had an idea on what I was looking for. It's similar to looking for a girl you think you want. You want to find one that fit your taste. Maybe she is 5'5, 130 lbs, blonde hair, green eyes, big titties, nice ass, out-going personality, had 0 kids, never married, wants kids, and has a great relationship with her parents. The particulars details matter when choosing a long term partner. Well, let's say you needed to pick your ideal girl out of 10,000"girls" in one venue in a matter of days. The easiest attribute to start out with is height. You can eyeball a girl who is around 5'5. To be efficient, you wouldn't go up to each girl and measure how tall she is with a tape measure. It would be better to just walk around the room, and pick out which ones that appeared to be that height, and put them to the side to come back to later. Next would be the hair. Easy to spot a girl with blonde hair. After a while of going around the room full of women, you begin getting really fast at picking the right height and hair color of girl you want. But you still have more attributes that you need to get to. As with these projects, you have now narrowed down the list, but still have so much to go. The picked projects appealed to you at a glance. A glance doesn't mean thorough. (The cons of this approach: there will surely be some girls (or projects) that slip through the cracks. Maybe you missed a 5'5 girl because she was bending down to pick something up, or you missed a blond girl because she was wearing a hat. This is bound to happen, and is nearly unavoidable when going through so many projects in a short period of time. The chosen projects have a at least ONE developer, a working product, etc. Next, you need to research the team and the motivations. Are they really interested in this project or are they just doing it for the money? Is the product REALLY working or is it a clone, or a prototype? These are just a few things that need to be investigated. There are many people who are after a quick buck. Personally, I don't think there is anything wrong with making money when an opportunity presents itself. If you can easily help someone and make money, that is a win-win. However, as I mention earlier, I am looking for projects that will last for years. So, I do my best to avoid fly by night outfits. And there are plenty. Once you have narrowed down your list of projects, you will likely have only a handful that appeared to match your criteria. At this point, it is time to dive even deeper into the project. You need to make sure that blonde is REALLY a blonde, and not a wig or colored. Don't just ask her, touch it, pull it; meaning try out the working product. Check it out, it is free. If you don't like, ask if there is
anything that is going to be done to fix it in the future.
My tools: My best tool is my common sense, and yours too. If something looks TOO good, it probably is. With today's information being at our finger tips, it is EASY to post questions to forums, and channels to have your question addressed. Don't be afraid to call a spade a spade. You may be wrong, or you ay be right. But ask regardless This is your money and you want to sleep easy at night. My preferences: In my book, I go in depth about MY preferences when choosing a product to invest in. I mention the pros and cons to everything. It is up to you to decide what is important for you. As I mentioned earlier- you and I are different. You may be looking for short term whereas I am looking for long term. You will develop a preference after spending time looking at the first 30 or so projects. You'll begin noticing red flags immediately; you'll be able to identify the crazy girl in an instant. You know which questions to ask. Here is a tip: Ask questions about the project in the most popular place where everyone can see. Why? Because you want answers and it is your money. Nothing to be shy or embarrassed about. If people make fun of your question, who cares? And you can ask it in multiple locations, just to make sure YOU understand. And many communities will welcome this and others won't. Who cares? With all that being said, I will list some of my **preliminary results. I will like to take the opportunity tell you the way they have been graded. When initially picking out the project, I would grade everything across the board. This took up too much time. It would have taken me months that way. Then, I switch to nearly a binary grading scale. Yes or No, If No, don't even add them to my chart. If Yes, was it a Super Yes or a maybe- need more research. Some would get a B, C, or D. I wouldn't even add an 'F' to my list at first. The F's were cause by being added then realizing the project was worthless to me. ("Dude looks like a lady" comes to mind) **'A' meaning super good. 'F' meaning fuck off** Then, when going back through the B's, they would be either upgraded or downgraded, likely to an A or D. Same with the C's. At one point, I was putting nearly all qualifying projects as a C, only to come back later and drop it down or raise it up. I was able to get through hundreds of projects this way. There were a couple A's that turned to C's. All In all, after going through probably over 1000 projects, I actually ended up adding ~150 projects. Out of those 150, most ended up as C's, D's, and F's. I was left with only a handful of TRUE A's. The B's were the toughest. It was either YES or NO for the B's. In the name of not shilling, I won't list any A's. In the name of rewarding you for taking the time to read this, I will release some of my preliminary results. If you want my thoughts on any particular project, let me know. If you disagree with a grade, please let me know why. Or ask why I gave it that grade. There are filled I intentionally left out, as to not flood this post with too much info.
R to V ratio
Clearness of announcement
Problem the coin is solving
Year of creation
Overall Grade (worth keeping an eye on?)
High (1 million +)
Coin Name DERO Internet of People Dash Lisk WAVES BYTEBALL SIA HunterCoin Pascal Coin Nexus Zcoin Litecoin SpreadCoin Groestlcoin NIMIQ bitchute Loki Webdollar swingcoin TAU Elastos Blur Aquachain IoTeX NEM Ethereum Bitcore- BTX Vertcoin verge CLOAK DECRED Ethereum Classic FACTOM DubaiCoin POPULOUS WORLD Riecoin AEON BLOCKNET GEOCOIN Horizen Primecoin elastic UBIQ RavenCoin stellar Bitcoin Gold safex NIX Masari webchain joulecoin Zettelkasten sexeleven coin Ryo Project Bitmark Prototanium Bela BLOC DEFT ZillionCoin Binarium Sale Live DigitalNote [XDN] ZeroClassic NEXO ICONOMI Mintcoin NAV COIN IOTA ARK BitcoinDark PIVX ELECTRONEUM SHIFT Semux Anoncoin Crown TheHempCoin YENTEN ColossusXT Syscoin Innova BitcoinZ Stellite Mismuth Dagger storj LitecoinCash fastcoin Karbo SecureCoin Bitbar Haven Protocol campuscoin Crave EarthCoin HyperQuant whitelist nuls Flake Chain Goldiam rchain Mixin Network Asterioncoin Deimos Stratis Minexcoin Decent Zeit KOMODO NobleCoin BitcoinPrivate guncoin Nucleon Waves Monero XCurrency Masari NEM DeepOnion ONION QLC Chain DeepOnion TOR Blacknet ROI Coin Arionum WAVI webchain SkeinCoin Crypto- cto motocoin Haven Ethos CLAMs geocoin Decred cryply (CRP) AXIOM htmlcoin html5coin soldo ArabianChain I have already graded these coins and more. If you don't see your coin, it either didn't make it on initially, or I removed it because more research was needed (it might have received an "A")
Final version 1.3.0 of the core software was released bringing all the enhancements reported last month to the rest of the community. The groundwork for SPV (simplified payment verification) is complete, another reduction of fees is being deployed, and performance stepped up once again with a 50% reduction in startup time, 20% increased sync speed and more than 3x faster peer delivery of block headers (a key update for SPV). Decrediton's integrations of SPV and Politeia are open for testing by experienced users. Read the full release notes and get the downloads on GitHub. As always, don't forget to verify signatures. dcrd: completed several steps towards multipeer downloads, improved introduction to the software in the main README, continued porting cleanups and refactoring from upstream btcd. Currently in review are initial release of smart fee estimator and a change to UTXO set semantics. The latter is a large and important change that provides simpler handling, and resolves various issues with the previous approach. A lot of testing and careful review is needed so help is welcome. Educational series for new Decred developers by @matheusd added two episodes: 02 Simnet Setup shows how to automate simnet management with tmux and 03 Miner Reward Invalidation explains block validity rules. Finally, a pull request template with a list of checks was added to help guide the contributors to dcrd. dcrwallet: bugfixes and RPC improvements to support desktop and mobile wallets. Developers are welcome to comment on this idea to derive stakepool keys from the HD wallet seed. This would eliminate the need to backup and restore redeem scripts, thus greatly improving wallet UX. (missed in July issue) Decrediton: bugfixes, refactoring to make the sync process more robust, new loading animations, design polishing. Politeia: multiple improvements to the CLI client (security conscious users with more funds at risk might prefer CLI) and security hardening. A feature to deprecate or timeout proposals was identified as necessary for initial release and the work started. A privacy enhancement to not leak metadata of ticket holders was merged. Android: update from @collins: "Second test release for dcrandroid is out. Major bugs have been fixed since last test. Latest code from SPV sync has been integrated. Once again, bug reports are welcome and issues can be opened on GitHub". Ask in #dev room for the APK to join testing. A new security page was added that allows one to validate addresses and to sign/verify messages, similar to Decrediton's Security Center. Work on translations is beginning. Overall the app is quite stable and accepting more testers. Next milestone is getting the test app on the app store. iOS: the app started accepting testers last week. @macsleven: "the test version of Decred Wallet for iOS is available, we have a link for installing the app but the builds currently require your UDID. Contact either @macsleven or @raedah with your UDID if you would like to help test.". Nearest goal is to make the app crash free. Both mobile apps received new design themes. dcrdata: v3.0 was released for mainnet! Highlights: charts, "merged debits" view, agendas page, Insight API support, side chain tracking, Go 1.11 support with module builds, numerous backend improvements. Full release notes here. This release featured 9 contributors and development lead @chappjc noted: "This collaboration with @raedahgroup on our own block explorer and web API for @decredproject has been super productive.". Up next is supporting dynamic page widths site wide and deploying new visual blocks home page. Trezor: proof of concept implementation for Trezor Model T firmware is in the works (previous work was for Model One). Ticket splitting: updated to use Go modules and added simnet support, several fixes. docs: beginner's guide overhaul, multiple fixes and cleanups. decred.org: added 3rd party wallets, removed inactive PoW pools and removed web wallet. @Richard-Red is building a curated list of Decred-related GitHub repositories. Welcome to new people contributing for the first time: @klebe, @s_ben, @victorguedes, and PrimeDominus! Dev activity stats for September: 219 active PRs, 197 commits, 28.7k added and 18.8k deleted lines spread across 6 repositories. Contributions came from 4-10 developers per repository. (chart)
Hashrate: started and ended the month around 75 PH/s, hitting a low of 60.5 and a new high of 110 PH/s. BeePool is again the leader with their share varying between 23-54%, followed by F2Pool 13-30%, Coinmine 4-6% and Luxor 3-5%. As in previous months, there were multiple spikes of unidentified hashrate. Staking: 30-day average ticket price is 98 DCR (+2.4). The price varied between 95.7 and 101.9 DCR. Locked DCR amount was 3.86-3.96 million DCR, or 45.7-46.5% of the supply. Nodes: there are 201 public listening nodes and 325 normal nodes per dcred.eu. Version distribution: 5% are v1.4.0(pre) dev builds (+3%), 30% on v1.3.0 (+25%), 42% on v1.2.0 (-20%), 15% on v1.1.2 (-7%), 6% on v1.1.0. More than 76% of nodes run v1.2.0 and higher and therefore support client filters. Data as of Oct 1.
Obelisk posted two updates on their mailing list. 70% of Batch 1 units are shipped, an extensive user guide is available, Obelisk Scanner application was released that allows one to automatically update firmware. First firmware update was released and bumped SC1 hashrate by 10-20%, added new pools and fixed multiple bugs. Next update will focus on DCR1. It is worth a special mention that the firmware source code is now open! Let us hope more manufacturers will follow this example. A few details about Whatsminer surfaced this month. The manufacturer is MicroBT, also known as Bitwei and commonly misspelled as Bitewei. Pangolinminer is a reseller, and the model name is Whatsminer D1. Bitmain has finally entered Decred ASIC space with their Antminer DR3. Hash rate is 7.8 TH/s while pulling 1410 W, at the price of $673. These specs mean it has the best GH/W and GH/USD of currently sold miners until the Whatsminer or others come out, although its GH/USD of 11.6 already competes with Whatsminer's 10.5. Discussed on Reddit and bitcointalk, unboxing video here.
@matheusd started tests on testnet several months ago. I contacted him so we could integrate with the pool in June this year. We set up the machine in July and bought the first split ticket on mainnet, using the decredbrasil pool, on July 19. It was voted on July 30. After this first vote on mainnet, we opened the tests to selected users (with more technical background) on the pool. In August we opened the tests to everyone, and would call people who want to join to the #ticket_splitting channel, or to our own Slack (in Portuguese, so mostly Brazilian users). We have 28 split tickets already voted, and 16 are live. So little more than 40 split tickets total were bought on decredbrasil pool. (@girino in #pos-voting)
KuCoin exchange listed DCBTC and DCETH pairs. To celebrate their anniversary they had a 99% trading fees discount on DCR pairs for 2 weeks. Three more wallets integrated Decred in September:
Atomic desktop wallet added Decred in version 0.1.31. The team answered many questions on Reddit.
AnyBit wallet added Decred. It features built-in price and news tracking. Notably, the source code is open for their Android and iOS wallets.
Coboadded Decred support into their Android and iOS wallets.
ChangeNow announced Decred addition to their Android app that allows accountless swaps between 150+ assets. Coinbase launched informational asset pages for top 50 coins by market cap, including Decred. First the pages started showing in the Coinbase app for a small group of testers, and later the web price dashboard went live.
The birth of a Brazilian girl was registered on the Decred blockchain using OriginalMy, a blockchain proof of authenticity services provider. Read the full story in Portuguese and in English.
Advertising report for September is ready. Next month the graphics for all the ads will be changing.
Marketing might seem quiet right now, but a ton is actually going on behind the scenes to put the right foundation in place for the future. Discovery data are being analyzed to generate a positioning strategy, as well as a messaging hierarchy that can guide how to talk about Decred. This will all be agreed upon via consensus of the community in the work channels, and materials will be distributed. Next, work is being done to identify the right PR partner to help with media relations, media training, and coordination at events. While all of this is coming up to speed, we believe the website needs a refresher reflecting the soon to be agreed upon messaging, plus a more intuitive architecture to make it easier to navigate. (@Dustorf)
Raedah Group went on the streets of Portland, USA with a pretty blue tent. (photos)
Meetup at Binzantin Cafe in Taipei, Taiwan. @morphymore: "There were 20-ish attendees, and about half of them have joined the Chinese FB group. Most of them don't hear about Decred before, but have expressed the interest in learning more about it after the event. Overall, it's a good exposure for Decred in the Taiwan community.". A report with photos was posted on Facebook, more photos are here and here.
@joshuam made a Decred Jacket appearance at Singapore Grand Prix. (photos)
NewTech PDX meetup in Portland, USA. Raedah Group presented Decred and reported "lots of new converts". (photos)
North Shore Bitcoin & Blockchain in Glenview, USA. @dustorf gave a five minute overview of Decred and noted: "There were only about 25 people, but about 1/3 of them were aware of Decred prior. (...) Our simple presence and explanation of the project moved opinion from 'another shitcoin they sold after mining' to 'an interesting and viable project worthy of further investigation'.". (photos: 12)
Bitcoin Meetup CDMX in Mexico City on Oct 6. @elian will be talking about Decred at the oldest Bitcoin meetup in Mexico.
SF Blockchain Week in San Francisco, USA on Oct 9. @lukebp will discuss DPoS vs PoS on a panel 9:30a-10:15a at the Titans of Tech Stage, Hilton Union Square.
Decred Meetup in Casablanca, Morocco on Oct 27. @butterfly will host the event and talk about Decred in French.
Texas Bitcoin Conference Austin, USA on Oct 27-28. @BAB: "The great thing about this is that it will also be a Decred Summit. We will have half of the conference dedicated to Decred topics, updates, etc."
Websummit in Lisbon, Portugal on Nov 5-8. @moo31337 will be on a panel discussing "2018: A Rollercoaster Year for Cryptocurrencies"
We'll begin shortly reviewing conferences and events planned for the first half of 2019. Highlights are sure to include The North American Bitcoin Conference in Miami (Jan 16-18) and Consensus in NYC (May 14-16). If you have suggestions of events or conferences Decred should attend, please share them in #event_planning. In 2019, we would like to expand our presence in Europe, Asia, and South America, and we're looking for community members to help identify and staff those events. (@Dustorf)
August issue of Decred Journal was translated to Russian. Many thanks to @DZ! Rency cryptocurrency ratings published a report on Decred and incorporated a lot of feedback from the community on Reddit. September issue of Chinese CCID ratings was published (snapshot), Decred is still at the bottom. Videos:
The underbelly of blockchain Governance - fiat licensing and our code with Marco Peerboom and Chris DeRose (youtube, tweet, decred, missed in August issue) Insightful dialogue about men's underwear, licenses, subtleties of GPL, BSD wars, tiling window managers and much more.
Introduction to Decred (Korean, youtube) @Killawhale collected a lot of feedback from the community and produced this video to spread the word in Korea.
Perspectives on Governance from Nathan Wilcox, Jonathan Zeppettini, Vitalik Buterin (z.cash)
Decred - an example of governance (Portuguese, youtube)
Decred, the crypto that wants to compete with Bitcoin (French, youtube)
Exodus.io Live with Marco from Decred! (youtube) Marco joins Exodus.io to discuss what makes DCR an asset that will stand the test of time.
Building Decred With Systems Development Lead Marco Peereboom - Governance, Politeia, Lightning (youtube) Topics: early days, Politeia, the structure of Decred, dcrtime, Lightning Network, attracting users and developers, future plans (DEX, Schnorr signatures, privacy, DAEs).
Decentralized autonomous funding of blockchain projects by @Richard-Red (medium, discussion on decred and dashpay)
The trouble with infrastructure, "thin" protocols in particular, is that someone has to build them at a cost. e.g. LN takes a ton of work, doesn't necessarily generate value itself, but it magnifies the value of BTC or whatever coin that uses it. I see the DEX in a similar light - whoever creates it is not going to make a bunch of money from it, but it will magnify the value of the underlying asset(s) that end up having a deep order book on the DEX. (@jy-p in #dex)
Twitter: why decentralized governance and funding are necessary for network survival and the power of controlling the narrative; learning about governance more broadly by watching its evolution in cryptocurrency space, importance of community consensus and communications infrastructure. Reddit: yet another strong pitch by @solar; question about buyer protections; dcrtime internals; a proposal to sponsor hoodies in the University of Cape Town; Lightning Network support for altcoins. Chats: skills to operate a stakepool; voting details: 2 of 3 votes can approve a block, what votes really approve are regular tx, etc; scriptless script atomic swaps using Schnorr adaptor signatures; dev dashboard, choosing work, people do best when working on what interests them most; opportunities for governments and enterprise for anchoring legal data to blockchain; terminology: DAO vs DAE; human-friendly payments, sharing xpub vs payment protocols; funding btcsuite development; Politeia vote types: approval vote, sentiment vote and a defund vote, also linking proposals and financial statements; algo trading and programming languages (yes, on #trading!); alternative implementation, C/C++/Go/Rust; HFTs, algo trading, fake volume and slippage; offline wallets, usb/write-only media/optical scanners vs auditing traffic between dcrd and dcrwallet; Proof of Activity did not inspire Decred but spurred Decred to get moving, Wikipedia page hurdles; how stakeholders could veto blocks; how many votes are needed to approve a proposal; why Decrediton uses Electron; CVE-2018-17144 and over-dependence on single Bitcoin implementation, btcsuite, fuzz testing; tracking proposal progress after voting and funding; why the wallet does not store the seed at all; power connectors, electricity, wiring and fire safety; reasonable spendings from project fund; ways to measure sync progress better than block height; using Politeia without email address; concurrency in Go, locks vs channels. #support is not often mentioned, but it must be noted that every day on this channel people get high quality support. (@bee: To my surprise, even those poor souls running Windows 10. My greatest respect to the support team!)
In September DCR was trading in the range of USD 34-45 / BTC 0.0054-0.0063. On Sep 6, DCR revisited the bottom of USD 34 / BTC 0.0054 when BTC quickly dropped from USD 7,300 to 6,400. On Sep 14, a small price rise coincided with both the start of KuCoin trading and hashrate spike to 104 PH/s. Looking at coinmarketcap charts, the trading volume is a bit lower than in July and August. As of Oct 4, Decred is #18 by the number of daily transactions with 3,200 tx, and #9 by the USD value of daily issuance with $230k. (source: onchainfx) Interesting observation by @ImacallyouJawdy: while we sit at 2018 price lows the amount locked in tickets is testing 2018 high.
ASIC for Lyra2REv2 was spotted on the web. Vertcoin team is preparing a new PoW algorithm. This would be the 3rd fork after two previous forks to change the algorithm in 2014 and 2015. A report titled The Positive Externalities of Bitcoin Mining discusses the benefits of PoW mining that are often overlooked by the critics of its energy use. A Brief Study of Cryptonetwork Forks by Alex Evans of Placeholder studies the behavior of users, developers and miners after the fork, and makes the cases that it is hard for child chains to attract users and developers from their parent chains. New research on private atomic swaps: the paper "Anonymous Atomic Swaps Using Homomorphic Hashing" attempts to break the public link between two transactions. (bitcointalk, decred) On Sep 18 Poloniex announced delisting of 8 more assets. That day they took a 12-80% dive showing their dependence on this one exchange. Circle introduced USDC markets on Poloniex: "USDC is a fully collateralized US dollar stablecoin using the ERC-20 standard that provides detailed financial and operational transparency, operates within the regulated framework of US money transmission laws, and is reinforced by established banking partners and auditors.". Coinbase announced new asset listing process and is accepting submissions on their listing portal. (decred) The New York State Office of the Attorney General posted a study of 13 exchanges that contains many insights. A critical vulnerability was discovered and fixed in Bitcoin Core. Few days later a full disclosure was posted revealing the severity of the bug. In a bitcointalk thread btcd was called 'amateur' despite not being vulnerable, and some Core developers voiced their concerns about multiple implementations. The Bitcoin Unlimited developer who found the bug shared his perspective in a blog post. Decred's vision so far is that more full node implementations is a strength, just like for any Internet protocol.
About This Issue
This is the 6th issue of Decred Journal. It is mirrored on GitHub, Medium and Reddit. Past issues are available here. Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research. Feedback is appreciated: please comment on Reddit, GitHub or #writers_room on Matrix or Slack. Contributions are also welcome: some areas are adding content, pre-release review or translations to other languages. Credits (Slack names, alphabetical order): bee, Dustorf, jz, Haon, oregonisaac, raedah and Richard-Red.
Vertcoin is a digital currency that can be sent from peer to peer over the internet. Though similar to LTC and BTC, Vertcoin has one major difference; ASIC resistance. While this may seem like a minor change, it actually has much larger implications when it comes to the fair distribution, politics, and decentralization of the coin. Vertcoin stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin.
Why ASICs are harmful to cryptocurrency
While ASICs can more efficiently mine coins like Bitcoin and Litecoin compared to GPUs, their introduction unfortunately created a new problem. Unlike GPUs or CPUs, the every day person does not and will never own an ASIC. In fact, most Bitcoin and Litecoin mining isn't done by it's users at all. The majority of these machines are owned and operated by large mining companies and ASIC manufacturers, this is a problem. This creates an environment where the companies ultimately control the ASIC coins and have a vested interest to pursue profit over progress. We all witnessed the politics behind Bitcoin, Bitcoin Cash and Segwit2x. This isn't the first time we've seen drama like this, and it won't be that last. Vertcoin foresaw the issues ASICs would bring in to this space and is committed to remaining ASIC resistant. We believe everyone should have the opportunity to mine the currency, not just a select few. Now that you're more familiar with Vertcoin, let's get started!
To get started with Vertcoin, the first thing you need is a Wallet. Wallets are needed to store, send and receive your coins (private keys) on your computer or mobile device. If possible, we recommend you use the Vertcoin Core Wallet. When setting up your wallet you will generate a set of receiving addresses. These addresses are to be used whenever receiving VTC. Listed below are a few wallet options available.
Depending on where you live, the process for purchasing may be a little different. The majority of Vertcoin is purchased with bitcoin on an exchange. Listed below are different exchanges that support Vertcoin trading.
Mining Vertcoin helps secure the network and process transactions but it also is a great way to generate Vertcoin for yourself. Because Vertcoin is mined using GPUs (Graphics cards), chances are, you already have what you need to get started. This is just a general overview so we won't go into detail here, but the only things you need to get started mining are a Vertcoin wallet, a computer with a GPU, and a miner - a little program that tells your GPU what to mine. Right now the best GPUs to use when mining Vertcoin are the NVidia 10 Series cards. We're working on making it more profitable to use AMD cards as well. Listed below are a few miners you can use to mine Vertcoin.
We believe Vertcoin is a better alternative to Litecoin and Bitcoin. Centralized mining has no place in the crypto-space and should not be considered the norm or acceptable. Vertcoin is positioned to break this cycle and place the power back in to the communities hands. As more people begin to realize the value of ASIC resistance, we're starting to see an influx of interest in the coin. To put it plainly, Vertcoin is a coin with simple principles. We aim to provide a truly decentralized currency by placing the power to mine and secure the network in the hands of everyone. No politics. No centralized ASIC farms. No bullshit. Just the coin and the community, we believe the crypto-space needs that.
In a few days segwit is activating so every mining pool needs to upgrade. This also applies to P2Pool. With P2Pool though being a decentralized mining protocol this is more complex than simply updating your mining software as P2Pool forms its own blockchain, the "sharechain", which is used to track payouts to miners. Any change to how P2Pool works which affects the validity of each share, as is the case with any upgrade to the chain being mined i.e. Bitcoin, requires coordination from the majority of P2Pool miners. Last year I posted a pull request to the main P2Pool repository with a patch to enable segwit compatibility. After testing on my part the patch was included in the Vertcoin P2Pool and has been working with great success making P2Pool among the largest Vertcoin pools. In fact after P2Pool's rise in popularity a second P2Pool network was introduced for smaller miners. Meanwhile big block populist Jonathan Toomim (jtoomim) has made a P2Pool fork and increased the share size limit from 50 kB per 30 seconds to 1 MB. While an increase was reasonable and in fact I included one in the segwit patch (to 100 kB) before him the excessive increase on jtoomim's fork is compatible with the BU vision campaigned by him and contradicts the decentralized nature of P2Pool. Now jtoomim has merged my segwit patch and made it a requirement [edit: albeit it can be manually overriden] to use btc1 (segwit2x) misleading users that his fork is a segwit upgrade.
VeriCoin (VRC) - An undervalued gem that deserves more attention, est. 2014
VeriCoin Website Twitter Slack Bitcointalk What is VeriCoin (VRC)? Well it's a digital currency that is one half of the world's first "Binary Chain", with the other half of the chain being a digital reserve called Verium (VRM). VeriCoin and Verium work together to give you faster transactions, more security and solves the digital currency scalability issues. You may be thinking "what?!", well here's a video from the main developer that can hopefully explain better: https://www.youtube.com/watch?v=hsTwMiVJnY0 Or a graphic that should help: Binary Chain Infographic Development Roadmap (There's a PDF version at the bottom to download showing what Cipher, Usor, etc. are. You can see they are working on many use cases for both VeriCoin and Verium.) VeriCoin Team Developer Linkedin #1 Developer Linkedin #2 (There are more developers, I just wanted to show that the team are indeed real people) For the rest of my post I won't get too technical, the Vericoin website is jam-packed with all of the information you need. I'm going to make this post as a basic investor, with bullet points that got me excited and personally made me want to invest in VRC. I thought this may be good timing as the Bitcoin drama with the forks are getting confusing and tiresome. With VeriCoin's "Binary Chain" there are no politics or forks to deal with.
VeriCoin was not an ICO, there was no pre-mine. Created in 2014. It is truly decentralized.
They were one of the first Proof of Stake coins and enhanced it with their own unique protocol - POST (Proof of Stake Time). The VeriCoin staking rate gives an estimated 4.21% return.
A very fast currency with a solid network already in place and active since 2014 (this is definitely not vaporware), with next to no transaction fees.
The team is solid and they are heads-down focused on development. This is a gift and a curse. They create a high quality product, but there hasn't been any marketing hype. It looks like they're really improving in that area - hiring a PR firm and they already have an excellent website, and they've started weekly updates on their YouTube channel: https://www.youtube.com/watch?v=cdLry3Jxido
Super intuitive wallets with excellent GUI, designed nicely for beginners as well. An updated Vericoin wallet is also coming very soon with some major improvements (one of their nearly complete roadmap milestones).
In addition to the major exchanges Bittrex and Poloniex, it's also been recently added on the new Korean exchange UpBit. With a lot of undervalued gems there's a lot of waiting and asking "When Bittrex?" VeriCoin is already widely available.
In my opinion all of the pieces are in place for major growth. It reminds me very much of VTC Vertcoin's growth cycle, both having began in 2014 as well. Both quiet for a long time, then a sudden explosion. I think VeriCoin (and Verium) are very undervalued, and I suggest you do your own research and check it out. There are several big milestones ahead and I think it deserves a lot more attention.
Very good summary about the status of Moin (ripped from bitcointalk.org)
As I found a lot of relevant and useful information about moin fron the bitcointalk.org user Xanatos I'm going to shamelessly paste them here: *Low market cap crypto with high growth potential which has been around for the long haul with active development throughout. Extremely professional looking HTML5 interface with the coin itself being moved over to the open-sourced PARTCL blockchain. To sum it up briefly, Particl is a privacy-focused blockchain/P2P hybrid ecosystem that will host a decentralized and anonymous marketplace as well as an array of apps using a native cryptocurrency. This can lead to fully decentralized and anonymous marketplaces which allows buyers and vendors to securely transact between each other without the need to ever interact with a third-party. It also encompasses a fully anonymous messaging system built similarly to BitMessage. The platform is currency and protocol agnostic. MOIN's full utilization of this code is still being worked on and from what I've heard our main dev is compiling something that no other coin currently has. File verification is my bet. We're still in the early stages, and what makes this coin so exciting. While MOIN is mainly a privacy-focused project, the use of a public token (default token) is very important in terms of management, integration, and security. One of the problems with exclusively anonymous currencies is that it can be hard to confirm the authenticity of the block creation process. What if an attacker had the key to generate an infinite amount of coins? What if no one noticed the hack until the attacker dumps large orders of fraudulently created coins on the trading market? These are very serious threats that are a reality with some of the 100% private coins. ZK SNARKS, for example, a crypto privacy protocol, also has this “hidden inflation problem”. In fact, the chain is initially generated from a set of master keys which could theoretically be used to generate an infinite amount of coins at any time without anyone ever noticing. This is why people say this protocol relies on “trusted setups”; you actually need to trust the party who spawned the chain would successfully destroy the master keys. There is, of course, no way to know for sure whether they didn’t keep copies somewhere or that they were not compromised during any step of the process (software, hardware, network, OS, BIOS, ME chip exploits). After all, cryptocurrencies are now worth a lot and they have become the primary target for hackers around the world. It is precisely for these reasons that the team opted for a fully transparent coin generation process. Because all newly generated coins are public, a hackebug would instantly be detected and measures could be taken to fix the problem. Additionally, since the public token is built in a very similar way as Bitcoin, it is much easier for third-parties such as exchanges, websites, and wallets (Jaxx, Exodus, Ledger Wallet, etc.) to integrate. They do not need to go out of their way and spend many dev hours without knowing if it will be economically worth it to integrate that coin. The best example I could find concerning this, in particular, is the case of Monero and Jaxx. Jaxx is a well-known multi-cryptocurrency wallet and they tried to integrate Monero earlier this year. After trying to add the coin to their wallet, they announced they would finally not do it because it was too complicated and they didn’t feel the amount of dev time required for this project would be worth it. This would not happen with MOIN as the BTC codebase is what everybody is used to working with and can integrate it without much effort. This public token is also very useful for people who do not necessarily require a permanently anonymous experience. Fully-anonymous currencies can sometimes hinder one’s ability to effectively keep track of financial records and transactions. Some services ask for extra information (i.e. a payment ID for Monero) in order for a transaction to be accepted and there are many situations where one could forget to note that transaction ID down or lose it afterward. There’s also a lot of scenarios where one would need to go back several months into the past to see specific transaction details. In most cases, it is simply harder to keep track of things with fully private coins so having one that does possess great accountability tools is definitively a plus. On top of this, a transaction using any privacy coin is generally going to cost more in fees than a public transaction on a non-bloated BTC codebase currency as it typically involves more data movement and computation. A “public user”, one that does not necessarily want to be anonymous, should not have to pay for privacy features he does not need. By making the public token the default coin, this ensures that only users seeking privacy options will use the privacy token, while the public users (which will probably end up being the majority of MOIN users if the platform becomes mainstream) default to the public token. This also has the non-negligible effect of putting less stress on the network (as public transactions are more lightweight and do not fill blocks as much as private ones), keeping the network efficient. MOIN’s private token has a variable degree of privacy which can be adjusted by users according to their preferences. In fact, when making a private transaction, it will be possible to send it using Confidential Transactions or RingCT (which is a blend of ring signatures and Confidential Transactions). It is noteworthy to mention that this is the first time both these protocols are being implemented on the Bitcoin codebase. While a few coins use Confidential Transactions as their privacy protocol, only one uses an implementation of RingCT on their main net: Monero. Confidential Transactions, or CT, is a privacy protocol initially developed for Bitcoin that hides amounts sent from the public and makes it visible only to parties involved in the actual transaction. While it is very efficient to obfuscate most regular person-to-person transactions, its most interesting use case is when used in a marketplace decentralized escrow system. If the market’s escrow system worked using the public token, it would be trivial for determined attackers to detect patterns in the public escrow contracts and match them to potential users. On a long enough timeline, users could be identified with particular marketplace orders with a high degree of certainty. With the help of Confidential Transactions, this cuts off this attack vector and makes the escrow system fully anonymous. RingCT, on the other side, is an even better privacy protocol combining ring signatures to the aforementioned confidential transaction protocol. Applied on double stealth addresses, not only transaction amounts are hidden but the sender and receiver addresses as well, making RingCT transactions completely untraceable. One useful feature of the MOIN wallet is that users are actually presented with the option to choose the privacy protocol they want to use according to their needs. Public transfer has good privacy protocol for basic privacy, but RingCT is even better as it makes transactions unlinkable. However, the latter is much more expensive in fees than the first one, and people who do not require a “paranoid” level of privacy may not want to pay larger fees. In my subjective opinion, MOIN will offer the best privacy experience on the market as it is very flexible but makes no compromise. RingCT is considered top-of-the-line technology and it simply works fantastically in preserving one’s privacy. Some could argue that ZK-SNARKS offers a better solution, and that is rightfully debatable. They do offer an interesting privacy solution, but they do have their share of problems and vulnerabilities as mentioned above. Centralized coin mixers are obviously not to be trusted as there is no way to know the legitimacy of the website owner, and coinjoin services are demonstrably weak and exploitable by determined adversaries. The hidden inflation problem is also one of the reasons why I believe MOIN, with its dual token system, has a “safer” (and easier to integrate) implementation of RingCT than Monero. Don’t get me wrong, there are good arguments people could make about Monero having the better integration. For example, RingCT being mandatory and by default on all transactions makes it impossible to make a basic human mistake (they do happen), but it also makes Monero a more expensive currency to use and a blockchain less likely to be able to support a huge influx of users (as transactions are heavy and would bloat the blockchain faster). This is the kind of debate where both sides have pros and cons, so I will let you make your own conclusion on this topic. Also related to MOIN’s privacy but not its private coin, it is possible to route the wallet’s connection through TOR in order to keep your node IP address private. This is absolutely needed if you want a secure staking setup (unless you used OpenVPN with solid network rules) as broadcasting the real IP address of a staking node to the world is asking for trouble. Another sweet feature of the blockchain is that it has a native implementation of Segwit, which I believe is a first in crypto. One small inconvenience with blockchain projects forking their chain to add Segwit is that witness blocks aren’t compatible with blocks prior to the fork. While this is not a critical problem, it sure makes things smoother and easier to have a fully compatible Segwit implementation. Having segregated witness on MOIN gives its blockchain a couple of interesting features. Among many of these, some notable ones are the Lightning Network, transaction malleability vulnerability fixes, and block capacity/size increase. Lightning Network is a payment channel protocol first proposed by Joseph Poon and Tadge Dryja and now scheduled for implementation on Bitcoin as well as some altcoins such as Vertcoin. LN gives interesting features to whatever coin decides to implement it such as reduced transaction fees, increased transaction speed, better privacy, and atomic swaps. As it is becoming more and more likely as time goes by that the Lightning Network will be implemented in various different coins, its atomic swap feature is getting more relevant. Atomic swapping is the ability of an LN-enabled blockchain to be made inter-operable through multi-signature addresses and time-locks with many other LN-enabled blockchains in order to allow trust-less coin exchange between two parties (i.e. Alice can trade 100 LTC to Bob for 1 BTC in a 100% decentralized and counterparty-free fashion). This could even be used to create decentralized multi-coin payment processors or exchanges, effectively spawning a brand new and potentially breakthrough LN-focused ecosystem in which MOIN could be part of. It also seems plausible that the MOIN platform would eventually leverage this feature to allow trust-less currency exchange on its marketplace as well as other Dapps, effectively replacing Shapeshift with a cheaper and decentralized alternative, even though the team hasn’t made any statement on the matter.*
The pools are all reporting the wrong network data (I hope its this - but the rate of discovery of blocks by pools would suggest otherwise)”
(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.
Vertcoin Talk: Episode 11 - September Development Update with James Lovejoy!
Multistreaming with https://restream.io/ Canen will be going over the September Development update with Vertcoin's Lead Developer James Lovejoy! Bring your questions! Vertcoin Development Update ... How to mine Vertcoin (VTC) on pool Explained in details how to mine Vertcoin (VTC) coin on pool. Useful Links: Official Website: Bitcointalk Forum: How to mi... Will VERTCOIN Go OVER $50 In 2018? My Social Media Facebook - https://goo.gl/dcs8Jh. Clickbank For Beginners: How To Make Money on Clickbank for Free (Step By Step 2020) - Duration: 22:47. Santrel Media Recommended for you VertCoin VTC Mining Guide - Latest Lyra2REv3 POW Algo - Vertcoin Hardfork 2019 In today's latest speculative coin mining series I go over the project Vertcoin. This Vertcoin mining guide will show ...