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100 things to do while the Destiny 2 servers are down:

  1. Clean your apartment
  2. Clean your neighbors apartment
  3. Make your apartment dirty and clean it again
  4. Clean your car
  5. Don't have a car? Buy one and clean it
  6. Clean your bicycle
  7. Invade Russia (but not during the winter)
  8. Read a Book
  9. Write a book
  10. Learn to read
  11. make a list
  12. procrastinate on said list
  13. realize you don't have a video game to play and go back to said list
  14. indulge in thinking about how lonely you are and how your life revolves around a video game
  15. play rock paper scissors in the mirror
  16. curse the gods for taking your game offline
  17. apologize to the gods because you didnt really mean it in case they are real
  18. do drugs
  19. realize that was not a smart idea
  20. sit around and wait for the drugs to wear off
  21. go shopping
  22. dont have money? get a job.
  23. quit your job
  24. Step into a war with the cabal on Mars
  25. realize that making lists really takes a lot of effort and you are putting way too much into this joke
  26. get yelled at by your boss for being on reddit (only if you didnt do number 23)
  27. look through a telescope at the moon
  28. open up a savings account
  29. If you're in America, bathe in student loan-debt
  30. get angry at the healthcare system too
  31. catch up on that season of a show you have been putting off
  32. call your dad and tell him you love him
  33. get angry when you realize he's still dissappointed in you even though you try really hard to love him
  34. Buy Destiny 1 (I lied, read a book again)
  35. realize there is way too much shit to do on Destiny 1 and have an anxiety attack (another lie, but feel free to have an anxiety attack anyway)
  36. Buy Anthem
  37. finish Anthem, you still have 10 hours left
  38. Leave Russia, as it is now Winter
  39. Watch Game of Thrones up until season 7
  40. Make breakfast
  41. make lunch
  42. make dinner
  43. have a thumb war with yourself
  44. help an elderly person cross the street
  45. play game of hide and go seek with your dreams and aspirations
  46. Start a fight club but dont tell anyone about it
  47. Hello there, General Kenobie
  48. Wow this list is long, um make a side list of you're favorite mount rushmore presidents

48a. Abe Lincoln
48b. Teddy Roosevelt
48c. G Dub
48d. T Jeff

  1. Quit procrastinating and get back to this list
  2. Have some alone time ;)
  3. Heavily invest in Bitcoin
  4. If you or a loved one you know has been diagnosed with Mesothelioma, contact your local attorney
  5. Check twitter
  6. realize twitter is a cesspool and close out of it
  7. Realize you have a call at 10:30am EST for your job and need to stop doing this list real quick.
  8. Watch CammyCakes, Aztecross (guys, seriously guys, you need to watch his video. they're nasty, just.. Nasty, fellas.) & Datto videos.
  9. Read Sun-Tzu's Art of War
  10. Learn some entirely true Destiny facts
  11. Kick shit in the face in real life, if that's all you ever wanted.
  12. Watch the Bungie Vidoc for Shadowkeep 24 times.
  13. Divide by the number 0.
  14. Get angry that this dude that was supposed to call me at 10:30am EST has yet to call me
  15. Watch the LOTR trilogy director's cut.
  16. Contemplate why Adam Sandler ever made Jack & Jill
  17. Die on the inside just a little more.
  18. Calculate all the different possibilities in the infinite forest because there is no such thing as infinity.
  19. Really think hard about 66
  20. Keep thinking about it.
  21. Nice.
  22. Write fan-fic for your favorite guardians.
  23. Be disgusted with yourself.
  24. Start thinking of random facts you can annoy your coworkers with.
  25. Quick, think of the first animal that comes to your mind that starts with a K
  26. continue to think about Kangaroos
  27. go on to zillow.com and find a bunch of expensive houses you can't afford
  28. give you pet a pep-talk
  29. give yourself a pep-talk
  30. Smile because you are alive and matter in this world and you bring joy to at least one person's life
  31. Stare at the clock until the servers are back up
  32. Fight climate change
  33. try and do dub-step music with just your mouth
  34. Think of every word that is onomatopoeia.
  35. research Oedipus Syndrome
  36. Do some arts and crafts
  37. Clean your room again
  38. Tap your fingers anxiously
  39. Ask yourself why you are still reading this list.
  40. Slide to the left
  41. Slide to the right.
  42. Freeze.
  43. Everybody clap your hands.
  44. (continue clapping)
  45. Learn a new language.
  46. Quit learning it once you learn the curse words cause that's all you wanted to know.
  47. Be honest with yourself.
  48. Browse through destinythegame new
  49. Look at a couple "Hey guys I haven't played since _______, what should I do" posts
  50. Gild a post if someone puts a lot of effort into it "wink" fucking "wink"
  51. have a lot of problems but a B**** aint one
  52. Now what?
  53. Exceed Expectations.
submitted by KentuckyBourbon94 to DestinyTheGame [link] [comments]

Sharering (SHR) I believe this one is going to surprise so many. Already generating revenue and doing buybacks every week. Already over 10 000 registered users. Mainnet + app + masternodes and staking before EOY.

I got this stuff from Steve Aitchison, he wrote this review and posted it on Uptrennd. Figured I should put it on here as well since I truly believe this is an incredible moonshot. I'm personally holding SHR myself and am very convinced it will do extremely well.
Give a read through it and you will immediatly see why. Enjoy guys.
Introduction
Imagine for a second the following scenario. You are a 2 car family. One car is used every day going back and forth to work, for shopping, all the little jaunts you and your husband like to go on. Your grown children are at university and come home for the weekends so the other car sits in the driveway all week and doesn’t get used during the week. What a waste of a perfectly good car. You think to yourself we could put that car to good use and actually help to pay for university fees, by renting it out during the week. However, then you think “well it’s only a little Ford Fiesta who’s going to want to rent that.” Well, it turns out a lot of people want to rent it and for a good price: £34 ($40) per day, a possible $800 per month.
Peer to peer car sharing has grown massively over the last few years and people are making serious money by letting our vehicles on a daily basis, emulating the Airbnb model. In fact companies like Turo, Getaround and Drivy, which has just been acquired by Getaround for $300 Million, are bringing in serious investors like Toyota, Softbank Vision Fund, Menlo Ventures, and IAC to the tune of over $800 Million.
A key difference between rental companies and peer to peer is that they have vastly improved technology with app interfaces that make locating assets and resources, reserving and using them, and making payment convenient and seamless. This, combined with location-specific analytics, allows by-the-minute access to assets and resources (e.g. cars or bicycles) and enables customers to pick up and drop these assets where and when convenient.
Car sharing is just one example of an industry that is being disrupted. We have seen, experienced and read about the amazing growth of Airbnb which is now estimated to be valued at $38 Billion. Airbnb has been so successful that companies like booking.com are trying to get in on the act by adopting a similar model when it comes to booking accommodation.
There is also the phenomenal rise of bicycle rentals which we see in cities all over the world, not quite the same as peer to peer sharing, but it’s another rental model that is ripe for being disrupted by the new sharing model.
With this business model in mind what other areas could it be used in:
Transport: Used for the rental of cars, trucks, scooters, trailers, and even heavy vehicles. Delivery Drivers: Facilitate booking and payment for delivery drivers. Agriculture: Garden sharing, seed swap, bee-hive relocation, etc. Finance: Peer to peer lending Food bank, social dining Travel Tours, shared tour groups Real Estate Airbnb, co-housing, co-living, Couchsurfing, shared office space, house swapping. Time: Labour, co-working, freelancing Assets Book swapping, clothes swapping, fractional ownership, freecycling, toy libraries. Transportation Car sharing, ride-sharing, car-pooling, bicycle sharing, delivery company, couriers And so much more!
This newly emerging, but highly fragmented sharing industry, is currently worth over $100 billion. It is predicted to grow to at least $335 billion by 2025.
As you can see from a few examples above the sharing economy has a lot of room to grow but what it doesn’t have, yet, is a company who can facilitate ALL of the above use cases in one place.
That is until now!
ShareRing is disrupting the disruptors by bringing everything together in one place and making it easy for you and me to share anything and everything and making it as easy as opening an app on your phone.
Business Case
The sharing market has exploded over the last several years. This is due, in part, to the digital age we live in, as we now have over 2.82 Billion people with smart phones around the world. It also due to how easy the business model of sharing lends itself to the digital world, and how with the simple installation of an app we can access a plethora of markets to rent almost anything from.
Due to this rise of digital platforms and the proliferation of smartphones, revenues coming from sharing economy platforms are only expected to increase. It is estimated to grow to a $335 billion industry in 2025, compared to its $14 billion value in 2014. (PwC UK).
The beauty of the sharing economy is that it is a win/win/win situation for the person who wants to rent something for a few days or weeks, the person who is renting out, and the company who facilitates the ease of the transactions between the renter and the person renting out. Typically the renter will save a lot of money whilst renting out someone else’s apartment, car, bicycle, clothes, dog sitting services etc and they can almost be assured of quality due to the social side of the business model with reviews from real people. The person who is renting out can make additional income and will want good reviews and therefore keep the standard of service higher. The company that is facilitating all of this can make a lot of money on transaction fees, as well as from advertising, and partnership deals, and obviously have an exit strategy for possible buyouts.
When it comes to looking at the business model, ShareRing fits in to the Commission Based Platform as described in Ritter and Schanz study where they looked at the core difference in difference business models of the sharing economy: Singular Transaction Models, Subscription-Based Models, Commission-Based Platforms and Unlimited Platforms.)
Commission Based Platforms are dominated by (at least) triadic relationships amongst providers, intermediaries and consumers with a utility-bound revenue stream. These business models enable their customers to switch between provider and consumer roles by creating and delivering the value proposition. Only a few employees work for the intermediary and the value creation and delivery is externalized. From a consumer perspective, consumers are empowered to collaborate with each other and to design the collaboration terms by negotiating the terms and conditions of the content, creation, distribution and consumption of the value proposition. Depending on the orientation of the value proposition, consumers purchase commodities (Tauschticket, ebay), access commodities in a defined timespan (booking.com, Airbnb) or buy services (uber, turo) from occasional and professional providers found via an intermediary. The intermediary mainly focuses on nurturing a community feeling and reducing exchange insecurity by incorporating rating systems, micro-assurances and standardizations of payment and delivery into the platform. The platform mainly takes commissions for successful matching and executing trade. (Journal of Cleaner Production Volume 213, 10 March 2019, Pages 320-331)
The USP of the ShareRing Business Model
The USP that ShareRing has is that it brings all of the different forms of sharing together in one app through partnerships and onboarding of users.
No other company, to date, is bringing everything together in such a way. However there are other factors that make ShareRing unique, which we will look at.
Token Economics
SHR is a utility token and will be used to pay for transactions on the network, such as 'new booking', 'add asset', etc. SHR is used by providers to pay for their access to the ShareLedger blockchain, including the addition of assets, renting out of assets, adding attributes, adding smart contracts, and other features.
SharePay (SHRP) is used by customers to pay for the rental of assets.
Masternodes will also be a main feature of the SHR token. When a transaction fee is incurred, it will be distributed in a way that allows for masternode holders who provide a service to the platform to receive a reward from each transaction. Transaction fees are charged to sharing providers in SHR. The distribution of transaction fees will be as follows: 50% - will be distributed amongst the active masternode holders who host an active node on the blockchain at that point in time (these holders provide a service to the platform). The distribution will be based on a calculation of the Total Amount Staked and the total continuous uptime of the node. 50% - will be provided to ShareRing Ltd (view ShareRing owned masternodes) for various purposes that contribute to working capital and platform growth.
Leased Proof of Stake Consensus
ShareRing have chosen the Leased Proof-of-Stake protocol as the consensus algorithm for ShareLedger. This choice is based on the practicality and security benefits evident in the Waves platform. It is also much more cost effective than Proof-of-Work (POW), and will not suffer from the current issues Bitcoin and other POW cryptocurrencies are facing such as scalability and electricity consumption.
As explained above master nodes will be a main feature but there is the other feature of lightweight nodes. A user with a lightweight node will be able to stake their tokens to a full node of their choosing and participate in reaching consensus. They will also be free to cancel their leasing at any time as there are no contracts or freezing periods. The more tokens that have been staked in a full node, the higher the probability the node will have in producing the next block. Since the reward is given based on the total number of tokens staked in the full node, there will always be a trade-off between the size of the full node and the percentage of the reward. As an average user of the platform, you will not need to have technical knowledge on how to set up a node nor will you have to download the entire blockchain in order to stake your tokens. Only a user who sets up a full node will be required to do this, making it simpler than ever for users to earn a reward for supporting the platform.
The return expected for staking is expected to be around 6 - 8% although this has yet to be confirmed.
Buybacks
ShareRing are currently implementing a series of buybacks which started in the beginning of November:
The buyback operation is done at a random time during the week.
If there is enough liquidity, SHR tokens will be bought through a single market order at the time of buyback. In case there is not enough liquidity, a limit buy order at last sell order price will be placed on the market, and will remain open until it gets filled.
The buyback program was implemented to test the API purchase process for when live transactions occur on ShareLedger
The Buyback Program is expected to:
  1. Reduce the supply of ShareTokens available in both public and private markets
  2. Bring New capital and fund inflows into the Shareledger
  3. Substantially magnify value creation for the ShareToken holders
The Token Flow
ShareRing will bring in hundreds of merchants to list their rental products, either exclusively or as part of an aggregator system e.g. When you look at the likes of trivago.com they will list the best hotel prices from multiple merchants who are listed on their website. Essentially ShareRing will become part of the aggregator ecosystem and be listed on sites like trivago.com as well as have exclusive agreements with merchants who are listed directly on their app.
ShareRing’s USP is that they have everything on one place as well as their OneID module with means buyers can get a hotel, rent a car, rent their ski equipment, book events all through the one app and using the OneID.
With that in mind they are going to attract a lot of merchants.
This is where it gets exciting so pay attention to this part.
When a merchant is part of the ShareRing ecosystem and a buyer rents something from that merchant ShareRing will take a small % commission from that transaction. So say someone books a hotel for $100 for the night, ShareRing might take $0.50 as a commission. What ShareRing will then do is go to one of the exchanges that ShareRing (SHR) is listed on and buy SHR tokens directly using an API system using USDT.
Now, the actual commission has not been disclosed yet however if we assume even a 0.25% commission that means for every $100 Million worth of bookings made through the app will net ShareRing $250,000 which means buy backs of $250,000 for the SHR token, which increases the liquidity of SHR on the exchanges.
If you think $100 Million of bookings is a lot, booking.com customers book around 1.5 Million rooms per day, if we estimate an average of $50 per room that is $75 million of bookings PER DAY or $2 Billion worth of bookings per month.
This revenue coupled with revenue from OneID and eVOA makes ShareRing profitable almost from day one of the app going live.
OneID And eVOA
Another exciting development from the ShareRing team is the collaboration between ShareRings Self Sovereign Identity protocol and third party providers to bring OneID and eVOA which will utilise OneID
With the huge rise in E-commerce and with over 2.82 billion people who now own a smartphone we are entrusting our personal information to more and more centralised entities. These entities are frequently hacked and our information is leaked to outside parties.
ShareRing aims to tackle this with their service OneID module.
ShareRing’s OneID solution protects users' data by handling Know Your Customer (KYC) information through third parties and ShareRing’s Self Sovereign Identity Protocol. ShareRing does not hold any identifying information anywhere on its servers. It provides the ultimate security for the renter and also the provider, as the Protocol encrypts and stores your data in a secure manner within your device. Essentially, this means that it is near impossible for a hack or data leak to happen, simply because there is no centralized server of data for hackers to exploit.
The OneID module is very easy to use. The end-user needs to complete their ID submission only once, with the entire submission process requiring less than two minutes to complete. Once this step has been completed, the customers KYC is destroyed by the 3rd party document verification system and the OneID module allows merchants to verify a customer’s identity via a hashed verification packet, stored on the users device and ShareLedger. This removes the need for merchants to store or see personal information; safeguarding both merchants and users from fraud.
To create your ShareRing OneID, simply:
  1. Take a picture of your government ID document
  2. Take a selfie
  3. Confirm and submit your details
This is something I am really excited about for ShareRing and they already have made partnerships for other companies to use this feature which is another income stream for ShareRing.
eVOA
E-Visa On Arrival allows applicants to apply online and receive a travel authorisation before departure – this eVOA can be shown at dedicated Thailand immigration counters on arrival at major Thailand airports, allowing travellers to pass through in minutes.
OneID system is scheduled to become the lynchpin technology in Thailand’s electronic Visa On Arrival (eVOA) system; one of only two companies to partner with Thai authorities to provide this service. The new Visa system eliminates much of the hassle involved in entering the country:
This is a strong validation of the OneID system - immigration controls are some of the most scrutinized processes in any branch of government, and if the OneID solution can operate to their standards then it is truly business-ready. As explained by our COO, Rohan Le Page:
“We are providing our OneID product for Thailand e-VOA (Visa On Arrival) that allows 5 Million travellers from 20 countries including China and India to complete the visa process on their mobile through our app. This provides a streamlined immigration process that negates the need for an expensive and time-consuming process when you get off the plane. Additionally, fraud is mitigated with several extra layers of security in the back end including our blockchain (ShareLedger) consensus model that makes all data immutable and all but impossible to hack.”
Profit Margins on OneID
So how does ShareRing make money from OneID and eVOA?
With each application for an eVOA using the OneID module ShareRing will make an undisclosed commission. The e-VOA is available to citizens of 21 different countries and is intended for those who will be holidaying in Thailand and not working in the country.
This means that each eVOA will last for a period of around 15 days which effectively means that ShareRing will get commission multiple times from each person travelling to one of the 21 countries listed below:
Andorra, Bhutan, Bulgaria, China, Ethiopia, Fiji, India, Kazakhstan, Latvia, Lithuania, Maldives, Malta, Mauritius, Papua New Guinea, Republic of Cyprus Romania, San Marino, Saudi Arabia, Taiwan, Ukraine, Uzbekistan
The profits on this alone, according to projections, are worth millions of dollars per year to ShareRing, with a healthy growth of about 35% in raw profit over the next 5 years, ultimately netting the company about $1.5 million profit per quarter.
The ShareLedger Blockchain Platform
ShareRing will utilize the registered intellectual property from the existing KeazACCESS framework (KEAZ: A car sharing company founded by Tim Bos) as well as improving it the blockchain experience in their team.
It will consist of fo the primary elements:
SharePay (SHRP) – SharePay is the base currency that will allow users of the ShareRing platform to pay for the use of third party assets. ShareToken (SHR)
ShareToken (SHR) is the digital utility token that drives sharing transactions to be written to the ShareRing ledger that is managed by the ShareRing platform.
Account – This will be a standard account, which such an account being represented by a 24-byte address. The account will contain 4 general fields:
SHRP – SharePay token balance
SHR – ShareToken balance
ASSETS – linked/owned by the account (see below for definition of an Asset) ATTRIBUTES – Any additional attributes that are associated with this account. These attributes may be updated or added by Sharing Economy providers that utilise the ledger such as ID checks by rental companies. These attributes may be ‘global’ (i.e. used by any sharing providers) or ‘local’ (i.e. used by a specific sharing provider).
Assets – An asset represents a tangible real-world or digital asset that is being shared, such as a car, a house, industrial machinery, an e-book, and so on.
Smart Contracts – Similar to a number of other blockchain platforms, such as Ethereum and NEO, the ShareLedger blockchain will feature highly customisable smart contracts. These Smart Contracts will allow for decentralised autonomous applications that can be attached to an asset and/or account. Every smart contract will be Turing complete, meaning it will have the ability to implement sophisticated logic to manage the sharing of the assets. The smart contracts will be tested and reviewed by ShareRing in a sandbox as well as audited by reputable third-party code auditors prior to implementation.
Proof of Stake Consensus
ShareRing have chosen the Leased Proof-of-Stake protocol as the consensus algorithm for ShareLedger. This choice is based on the practicality and security benefits evident in the Waves platform. It is also much more cost effective than Proof-of-Work (POW), and will not suffer from the current issues Bitcoin and other POW cryptocurrencies are facing such as scalability and electricity consumption.
The ShareRing App
At the heart of the ShareRing project lies the ShareRing app:
A universal ‘ShareRing’ app is being developed that will allow anyone to easily see and use any sharing services around them. Each partner will have the option of developing a ‘mini’ app within the ShareRing app that will have functionalities specific to that partner. The app will use geolocation-based services to display the ShareRing services that are nearby
Social Media Presence
Coming from a social media background I feel this is an extremely important area to look into, especially in the crypto world.
ShareRing has done an okay job in growing their social media presence however I feel it could be much better. Here is a look at some of the key stats for their online social media presence:
Youtube: 191 Subscribers Instagram: 238 Followers Linkedin: 376 Followers Telegram: 6,525 members (very active) Twitter: 2,216 Followers (Fairly regular updates) Facebook: 1,965 Followers
Whilst social media may not be a priority just now I feel there has to be a big presence with image-based platforms and video-based platforms. Youtube and Instagram should be made a priority here as it spans all generations:
Other News on ShareRing
There is a lot of stuff going on at the moment with ShareRing which is what makes it an exciting prospect. Rather than give information on each of them here are some highlights provided by the ShareRing team.:
- ShareRing's revolutionary ID management based module OneID.
- Worlds first Blockchain based eVOA in place with major Thai company targeting 5 to 10 million travellers from 20 countries.
- 2.6 million International Hotels/ Accommodation coming on to the Platform. Lots more to come!
- Partnership with HomeAway
- 200,000 Activites, Tours and Events added to the ShareRing App
- Multi Global Car Sharing Partnerships
- 1 Partner Directly Integrating SHR's OneID consisting of 1.2 million Vehicles across 150 Countries
- Luxury Car Brand Sharing Platform purely based on SHR
- SHR payment system SHRP available in 10% Taxi Terminals in Australia
- SHRP available in 10,000 EFTPOS Terminals Australia wide
- White Labelling Services incorporating ShareRings revolutionary OneID
- 20 Significant Unannounced Partnerships, more to come!
- Major Partners include -
- BYD (Largest Electric Car Maker in the World)
- DJI (Largest Drone Maker in the World)
- Keaz (300 locations around the world)
- Yogoo EV Car Sharing
- MOBI Alliance Member
Overview of Positives and Negatives
Negatives
Social Media and marketing possibly needs to be ramped up in order to bring more awareness to the project.
The roadmap and white paper has not been updated recently for 2019/2020 but this I believe is coming soon.
Positives
With a low market cap project like ShareRing the risk to reward ratio is very good for retail and institutional investors.
Technical analysis of current prices, currently at 31 Satoshi, is also very good with resistance levels at 50, 77 and 114 Satoshi which would be nearing its all time high.
Referral program will increase the numbers of users that are currently using the site.
If ShareRing can capture even a small % of the overall sharing market then success looks assured.
There are 20 new announcements coming up and with Tim Bos looking for more partnerships it seems likely that ShareRing will break ATH prices soon.
Great long term hold, in my opinion.
Realistic Expectations of ROI
Short term (4 weeks - 12 weeks)
Short term looks great for ShareRing both from a TA point of view and a fundamental point of view.
With lots of news still to come out about ShareRing there is not going to be a shortage of fundamentals to drive the price up. From a TA point of view the next line of resistance stands at around the 50 Satoshi level which would complete a massive cup and handle formation from August 24th of this year. After that we are looking at resistances of 77 and 114 to reach near the all time highs which i expect ShareRing to reach going into 2020.
Long term (6 Months - 2 Years)
If ShareRing can onboard users and keep on making partnerships at the same rate there will be no stopping it. It’s all about onboarding the users and utilising the most powerful marketing tool ever - word of mouth!
When a great app is realised with great and useful functionality then it tends to go viral and I am hoping this happens for ShareRing.
With a market cap at the moment of just under $6 Million then I don’t think it’s crazy to talk about 1000% increases in the next 2 years and I really believe that is being extremely conservative, given where we think crypto is heading as a whole.
submitted by Grills93 to CryptoMoonShots [link] [comments]

How much would a Bitcoin node handling 1GB blocks cost today? I did some back-on-the-envelope calculations.

1GB blocks would be able to confirm more than 5000tx/s. That would be VISA-level scale (which handles, on average, 1736tx/s). We often hear that we shouldn't raise the blocksize because then nodes would become too expensive to run. But how expensive exactly?
We have the following costs to take into account:
For now, I'm going to assume a non-pruned full node (i.e. a node that stores all transactions of the blockchain) for personal use, i.e. for a computer built at home. I'll add in the calculations for a pruned node at the end, which would likely be the prefered option for people who merely want to verify the blockchain for themselves. If you don't care about the assumptions and calculations, you can just jump right to the end of this post. If you spotted any error, please inform me and I'll update my calculation.

Storage

There's, on average, one block every 10 minutes, that is 144 every day and 4320 blocks every thirty days. I was able to find a 3TB HDD for $47,50 on Amazon, that is $0.018/GB. Storing all blocks with all transactions of a month (4320GB) would be $78.96/mo. Prices for storage halved from 2014 to 2017, so we can assume that to half in 2022, thus we can reasonably assume it'd cost around $40/mo. in 2022.
But would such an inexpensive hard disk be able to keep up with writing all the data? I found a comparable cheap HDD which can write 127MB/s sequentially (which would be the writing mode of Bitcoin). That would be enough even for 76GB blocks!
Edit: For the UTXO set, we need very fast storage for both reading and writing. Peter__R, in his comment below, estimates this to be 1TB for 4 billion users (which would make ~46,000tx/s if everyone would make 1tx/day, so id'd require about 10GB blocks). jtoomim seems more pessimistic on that front, he says that much of that has to be in RAM. I'll add the $315 I've calculated below to account for that (which would be rather optimistic, keep in mind).

Bandwidth

Bandwidth is more complicated, because that can't just be shipped around like HDDs. I'll just take prices for my country, Germany, using the provider T-online, because I don't know how it works in the US. You can plug in your own numbers based on the calculations below.
1GB blocks/10 minute mean 1.7MB/s. However, this is an average, and we need some wiggle room for transaction spikes, for example at Christmas or Black Friday. VISA handles 150 million transactions per day, that is 1736tx/s, but can handle up to 24,000tx/s (source). So we should be able to handle 13.8x the average throughput, which would be 1.7MB/s x 13.8 = 23.46M/s, or 187.68Mbit/s. The plan on T-online for 250Mbit/s (translated) would be 54.95€/mo (plus setup minus a discount for the first 6 months which seems to cancel out so we'll ignore it), which would be $61.78/mo. This plan is an actual flatrate, so we don't have to worry about hitting any download limit.
Note, however, that we don't order bandwidth for only our Bitcoin node, but also for personal use. If we only needed 2MB/s for personal use, the plan would be 34.95€, thus our node would actually only cost the difference of 20€ per month, or $22.50/mo. Nielsen's Law of Internet Bandwidth claims that a high-end user's connection speed grows by 50% per year. If we assume this is true for pricing too, the bandwidth cost for ~200Mbit/s/mo. would go down to 12.5% (forgot how exponential growth works) 29.6% of its today's cost by 2022, which decreases our number to $2.81/mo. $6.66/mo.
Edit: jtoomim, markblundeberg and CaptainPatent point out that the node would have a much higher bandwidth for announcing transactions and uploading historical blocks. In theory, it would not be necessary to do any of those things and still be able to verify one's own transactions, by never broadcasting any transactions. That would be quite leechy behaviour, though. If we were to pick a higher data plan to get 1000MBit/s downstream and 500MBit/s upstream, it would cost 119.95€/mo., however this plan isn't widely available yet (both links in German). 500MBit/s of upstream would give us max. 21 connected nodes at transaction spikes, or max. 294 connected nodes at average load. That would cost $39.85 in 2022 (with correct exponential growth).

CPU/Memory

CPU/Memory will be bought once and can then run for tens of years, so we'll count these as setup costs. The specs needed, of course, depend on the optimization of the node software, but we'll assume the current bottlenecks will have been removed once running a node actually becomes demanding hardware-wise.
This paper establishes that a 2.4GHz Intel Westmere (Xeon E5620) CPU can verify 71000 signatures per second... which can be bought for $32.88 a pair on Ebay (note: this CPU is from Q1'10). We'd need to verify 76659tx/s at spikes (taking the 13.8x number), so that pair of CPUs (handle 142,000tx/s) seem to just fit right in (given one signature per tx). We'd also have to account for multiple signatures per transaction and all the other parts of verification of transactions, but it seems like the CPU costs are neglegible anyway if we don't buy the freshest hardware available. ~$100 at current prices seem reasonable. Given Moore's Law, we can assume that prices for CPUs half every two years (transistor count x1.4162), so in three years, the CPU(s) should cost around $35.22 ($100/1.4163).
For memory, we again have to take into account the transaction spikes. If we're very unlucky, and transactions spike and there won't be a block for ~1h, the mempool can become very large. If we take the factor of 13.8x from above, and 1h of unconfirmed transactions (20,000,000tx usually, 276,000,000tx on spikes), we'd need 82.8GB (for 300B per transaction).
I found 32GB of RAM (with ECC) for $106, so three of those give us 96GB of RAM for $318 and plenty remaining space for building hash trees, connection management and the operating system. Buying used hardware doesn't seem to decrease the cost significantly (we actually do need a lot of RAM, compared to CPU power).
Price of RAM seems to decrease by a factor of x100 every 10 years (x1.58510), so we can expect 96GB to cost around $79.89 ($318/1.5853) in 2022.
Of course, CPU and memory need to be compatible, which I haven't taken into account. Chug a mainboard (~$150) and a power supply (~$50) into the mix, and the total would be just over $600 for today's prices. Even if mainboard and power supply prices remain the same, we'd still only have to pay around $315 for the whole setup in 2022.

Electricity

I found the following power consumptions:
So we'd have 129W 147.6W + N*6W. Electricity cost average at 12ct/kWh in the US, in Germany this is higher at 30.22ct/kWh. In the US, it would cost $11.14 $12.75 + N*$0.52 (P*12ct/kWh / 1000 * 24h/day *30days / 100ct/$), in Germany 28.06€ 32.11€ + N*1.30€.
At the end of the first year, it would cost $20.12 $21.73/mo. in the US and 50.52€ 54.57€/mo. in Germany.
At the end of the second year, it would cost $29.11 $30.72/mo. for the US and 72.98€ 77.03€/mo. for Germany. It increases by $8.98/mo. per year in the US and by 22.46€/mo. per year in Germany.
Electricity prices in Germany have increased over time due to increased taxation; in the US the price increase has been below inflation rate the last two decades. As it's difficult to predict price changes here, I'm going to assume prices will remain the same.

Conclusion

In summary, we get:
If we add everything up, for today's prices, we get (E: updated all following numbers, but only changed slightly) $132/mo. (US), $187/mo. (DE) for the second year and $71.92/mo. $78/mo. (US), $115.79/mo. $124/mo. (DE) in 2022.
It definitely is quite a bit of money, but consider what that machine would actually do; it would basically do the equivalent of VISA's payment verification multiple times over, which is an amazing feat. Also, piano lessons cost around $50-$100 each, so if we consider a Bitcoin hobbyist, he would still pay much less for his hobby than a piano player, who'd pay about $400 per month. So it's entirely reasonable to assume that even if we had 1GB blocks, there would still be lots of people running full-nodes just so.
How about pruned nodes? Here, we only have to store the Unspent Transaction Output Set (UTXO set), which currently clocks in at 2.8GB. If blocks get 1000 times bigger, we can assume the UTXO set to become 2.8TB. I'll assume ordinary HDD's aren't goint to cut it for reading/writing the UTXO set at that scale, so we'll take some NVMe SSDs for that, currently priced at $105/TB. Three of them would increase our setup by $315 to $915, but decrease our monthly costs. E: However this UTXO set is also required for the non-pruned node, therefore the setup costs stay at $915. Even in the highest power state, the 3 SSDs will need only 18.6W in total, so we'll get a constant 147.6W for the whole system.
In total, this is:
In total, this is $35.25/mo. in the US and $58.57/mo. in Germany for today's prices, or (E:) $19.41/mo. (US) and (E:) $42.73/mo. (DE) in 2022's prices. Which looks very affordable even for a non-hobbyist.
E: spelling
E²: I've added the 3 NVEe SSDs for the UTXO set, as pointed out by others and fixed an error with exponentials, as I figured out.
submitted by eyeofpython to btc [link] [comments]

The Value of Dogecoin

This is going to be one long article. Seriously, I could write a book on this stuff, but I have condensed it down to the most important of important stuff. The post is split into 2 sections. Short section and In-depth Section I highly suggest you read both sections to fully grasp everything.
Disclaimer : I am not a professional economist. These are just my opinions and observations over the last few months. You are more than welcome to disagree on any of the points made here. Please feel free to comment.
Let's begin!
So you have no doubt realized that there is a price tag associated to a single dogecoin. For me, it is usually represented in USD. Anybody can easily check it by going to this site here. http://coinmarketcap.com/
Alright cool. But how does this price come about?
This is a little bit more tricky. But let's get some basic information down. Let's name some stuff that affects the value of dogecoin.
SHORT SECTION (Not really short, but it's shorter than the in-depth explanation)
Directly affects value
  1. Dogecoin's value is directly tied to bitcoin, at this time. So if the value of bitcoin goes up, then dogecoin's value will go up as well. Hopefully in the future, we will no longer be tied to bitcoin in this manner.
  2. The value of dogecoin is dependent on cryptocurrency exchanges. Supply and demand directly affects dogecoin's value. In short, if people want more dogecoins, they will be more willing to buy them at a higher price, and thus raise the price of a dogecoins. The same things goes for selling dogecoins. If people do not want dogecoins, they will be more willing to sell them at a lower price.
  3. Trading Volume helps tell which exchanges should have a heavier weight when considering the "weighted average/mean" of the value among all exchanges.
MORE IN-DEPTH EXPLANATION
Bitcoin's Value
Ah bitcoin. The mother of all cryptocurrencies. Bitcoin is the first successful cryptocurrency. So all other cryptocurrencies are automatically compared against bitcoin. It has always been that way.
So what does this mean for dogecoin's value? IF PEOPLE ARE GOING TO READ ANYTHING, READ THIS SECTION
This means that when bitcoin's value goes up, dogecoin's value goes up as well. When bitcoin's value goes into a nice freefall, dogecoin goes into a nice freefall as well. So the next time you see dogecoin's value go down, please check bitcoin's value first.
How Exchanges Work
Exchanges are sites were people trade one cryptocurrency for another. It works somewhat like a currency exchange in the real world. So if I had bitcoin, and wanted to trade my bitcoin for dogecoin, then I would submit a buy order at a certain level. This level is dependent on how much you think the bitcoin is work in relation to dogecoin. The same thing goes for a sell order. Basic supply and demand here. If the price of a bitcoin remains stable, then exchanges are the only things that change dogecoin's value. However, there is an unintended effect.
For example, let's say that you bought Ð1,000,000 with 1 BTC. Your purchase has just said to the entire world that 1 BTC = Ð1,000,000. But a day later, another person buys Ð2,000,000 with 1 BTC. The new person has just set the new exchange rate. So in comparison, it seems that you got the short end of the stick because another person set a new exchange rate. The value of your Ð1,000,000 has now decreased to .5 BTC.
What is the purpose of this example?
The purpose is to show you that your dogecoins are very dependent on the value of what other people believe it to be as well. This is a very dangerous proposition because it only takes 1 person (with a ton of Dogecoins) to ruin it for the rest of us. On the flip side, if everybody that held dogecoins just magically deemed dogecoins to be worth $1, then the value of dogecoin would now be worth $1. Usually, people will not have to worry about this sudden dump because of different trading volumes among exchanges.
Trading Volume among Exchanges
If you have ever looked at trading cryptocurrencies, then you know that there are several different exchanges. Every exchange has different amounts of people using them and differents amounts of total trading volume. To make things even more complicated, different exchanges rarely have the same exchange rate for cryptocurrencies.
So how is the value calculated with so many different exchange rates and trading volumes?
When calculating the value of cryptocurrencies, most sites use a "weighted average/mean". This means that exchanges that have more trading volume play a bigger role in determining that value of the coin. Those with smaller trading volumes play a smaller role in the value of the coin. Usually, one exchange alone cannot independently because it won't have enough trading volume. But what happens when one exchange has all the entire trading volume?
Isracoin (This section is for those who freak out about completely new cryptocurrencies with extremely high market caps)
Ah yes. Isracoin is a prime example of what happens when one exchange has the entire trading volume.
http://coinmarketcap.com/volume.html#isr
Source Pair Volume (24h) Price Volume (%) Bittrex ISBTC $41,355 $0.17 97.23 % (97%..... Are you kidding me....) SwissCEX ISBTC $1,177 $0.21 2.77 % 
So what is going here? One exchange is completely controlling the value of the coin. This means that 1 person can inflate the value of the coin FAR BEYOND what the previous value was. The value then hyperinflates the marketcap amount and causes people who don't understand what is happening to freak out. For those who saw Isracoin in the top 5 cryptocurrencies, this is exactly what happened.
Now don't misunderstand me. The larger exchanges can definitely have an impact on the value, it just won't be as drastic as ISR's value. http://coinmarketcap.com/volume.html#doge
Things that Indirectly affect Value
  1. Community self-esteem highly influences our thoughts on the value. This goes hand-in-hand with Supply and Demand. If a large portion of the community believes that dogecoin is going to go nowhere, then people will sell and lower the price of dogecoin. The same can be said for when the community has good self-esteem.
  2. Major Events have a large impact as well. So things like "halvenings" have a huge effect. Halvenings place a scarcity effect on dogecoins and will usually cause a rise in value. On the flip side, a major company using cryptocurrency having trouble will usually cause a decrease in value.
Alright If you have made it to this point, then congratulations. You have a reading span much longer than I do. If you feel I missed anything, please comment and I will see If I have anymore room for it in the post. :P
Pstank1, the Poor Wise Shibe :D
submitted by pstank1 to dogecoin [link] [comments]

The Strange Birth & History of Monero, Part III: Decentralized team

You can read here part I (by americanpegaus). This is the post that motivated me to make the part II. Now i'm doing a third part, and there'll be a final 4th part. This is probably too much but i wasn't able to make it shorter. Some will be interested in going through all them, and maybe someone is even willing to make a summary of the whole serie :D.
Monero - an anonymous coin based on CryptoNote technology
https://bitcointalk.org/index.php?topic=582080.0
Comentarios de interés:
-4: "No change, this is just a renaming. In the future, the binaries will have to be changed, as well as some URL, but that's all. By the way, this very account (monero) is shared by several user and is meant to make it easier to change the OP in case of vacancy of the OP. This idea of a shared OP comes from Karmacoin.
Some more things to come:
"
(https://bitcointalk.org/index.php?topic=582080.msg6362672#msg6362672)
-5: “Before this thread is too big, I would like to state that a bug has been identified in the emission curve and we are currently in the process of fixing it (me, TFT, and smooth). Currently coins are emitted at double the rate that was intended. We will correct this in the future, likely by bitshifting values of outputs before a certain height, and then correcting 1 min blocks to 2 min blocks. The changes proposed will be published to a Monero Improvement Protocol on github.”
(https://bitcointalk.org/index.php?topic=582080.msg6363016#msg6363016)
[tacotime make public the bug in the emission curve: token creation is currently 2 times what was intended to be, see this chart BTC vs the actual XMR curve, as it was and it is now, vs the curve that was initially planned in yellow see chart]
-14: “Moving discussion to more relevant thread, previous found here:
https://bitcointalk.org/index.php?topic=578192.msg6364026#msg6364026
I have to say that I am surprised that such an idea [halving current balances and then changing block target to 2 min with same block reward to solve the emission curve issue] is even being countenanced - there are several obvious arguments against it.
Perception - what kind of uproar would happen if this was tried on a more established coin? How can users be expected to trust a coin where it is perceived that the devs are able and willing to "dip" into people's wallets to solve problems?
Technically - people are trying to suggest that this will make no difference since it applies to reward and supply, which might be fair enough if the cap was halved also, but it isn't. People's holdings in the coin are being halved, however it is dressed up.
Market price - How can introducing uncertainty in the contents of people's wallets possibly help market price? I may well be making a fool of myself here, but I have never heard of such a fix before, unless you had savings in a Cypriot bank - has this ever been done for another coin?”
(https://bitcointalk.org/index.php?topic=582080.msg6364174#msg6364174)
-15: “You make good points but unfortunately conflicting statements were made and it isn't possible to stick to them all. It was said that this coin had a mining reward schedule similar to bitcoin. In fact it is twice as fast as intended, even even a bit more than twice as fast as bitcoin.
If you acquired your coins on the basis of the advertised reward schedule, you would be disappointed, and rightfully so, as more coins come to into existence more quickly than you were led to believe.
To simply ignore that aspect of the bug is highly problematic. Every solution may be highly problematic, but the one being proposed was agreed as being the least bad by most of the major stakeholders. Maybe it will still not work, this coin will collapse, and there will need to be a relaunch, in which case all your coins will likely be worthless. I hope that doesn't happen.”
(https://bitcointalk.org/index.php?topic=582080.msg6364242#msg6364242)
[smooth tries to justify his proposal to solve the emission curve issue: halve every current balance and change block target to 2 min with same block reward]
-16: “This coin wasn't working as advertised. It was supposed to be mined slowly like BTC but under the current emission schedule, 39% would be mined by the first year and 86% by the fourth year. Those targets have been moved out by a factor of 2, i.e. 86% mined by year 8, which is more like BTC's 75% by year 8. So the cap has been moved out much further into the future, constraining present and near-term supply, which is what determines the price.”
(https://bitcointalk.org/index.php?topic=582080.msg6364257#msg6364257)
[eizh supports smooth’s plan]
-20: “So long as the process is fair and transparent it makes no difference what the number is... n or n/2 is the same relative value so long as the /2 is applied to everyone. Correcting this now will avoid people accusing the coin of a favourable premine for people who mined in the first week.”
(https://bitcointalk.org/index.php?topic=582080.msg6364338#msg6364338)
[random user supporting smooth’s idea]
-21: “Why not a reduction in block reward of slightly more than half to bring it into line with the proposed graph? That would avoid all sorts of perceptual problems, would not upset present coin holders and be barely noticeable to future miners since less than one percent of coins have been mined so far, the alteration would be very small?”
(https://bitcointalk.org/index.php?topic=582080.msg6364348#msg6364348)
-22: “Because that still turns into a pre-mine or instamine where a few people got twice as many coins as everyone else in the first week.
This was always a bug, and should be treated as such.”
(https://bitcointalk.org/index.php?topic=582080.msg6364370#msg6364370)
[smooth wants to be sure they can’t be stigmatized as “premine”]
-23: “No, not true [answering to "it makes no difference what the number is... n or n/2 is the same relative value so long as the /2 is applied to everyone"]. Your share of the 18,000,000 coins is being halved - rightly or wrongly.”
(https://bitcointalk.org/index.php?topic=582080.msg6364382#msg6364382)
[good point made by a user that is battling “hard” with smooth and his proposal]
-28: “+1 for halving all coins in circulation. Would they completely disappear? What would the process be?”
-31: “I will wait for the next coin based on CryptoNote. Many people, including myself, avoided BMR because TFT released without accepting input from anyone (afaik). I pm'ed TFT 8 days before launch to help and didn't get response until after launch. Based on posting within the thread, I bet there were other people. Now the broken code gets "fixed" by taking away coins.”
(https://bitcointalk.org/index.php?topic=582080.msg6364531#msg6364531)
-32: “What you say is true, and I can't blame anyone from simply dropping this coin and wanting a complete fresh start instead. On the other hand, this coin is still gaining in popularity and is already getting close to bytecoin in hash rate, while avoiding its ninja premine. There is a lot done right here, and definitely a few mistakes.”
(https://bitcointalk.org/index.php?topic=582080.msg6364574#msg6364574)
[smooth stands for the project legitimacy despite the bugs]
-37: “Since everything is scaled and retroactive, the only person to be affected is... me. Tongue Because I bought BMR with BTC, priced it with incorrect information, and my share relative to the eventual maximum has been halved. Oh well. The rest merely mined coins that never should have been mined. The "taking away coins" isn't a symptom of the fix: it's the fundamental thing that needed fixing. The result is more egalitarian and follows the original intention. Software is always a work-in-progress. Waiting for something ideal at launch is pretty hopeless. edit: Let me point out that most top cryptocurrencies today were released before KGW and other new difficulty retargeting algorithms became widespread. Consequently they had massive instamines on the first day, even favorites in good standing like LTC. Here the early miners are voluntarily reducing their eventual stake for the sake of fairness. How cool is that?”
(https://bitcointalk.org/index.php?topic=582080.msg6364886#msg6364886)
[this is eizh supporting the project too]
-43: “I'm baffled that people are arguing about us making the emission schedule more fair. I'm an early adopter. This halves my money, and it's what I want to do. There's another change that needs to be talked about too: we don't believe that microscopic levels of inflation achieved at 9 or 10 years will secure a proof-of-work network. In fact, there's a vast amount of evidence from DogeCoin and InfiniteCoin that it will not. So, we'd like to fix reward when it goes between 0.25 - 1.00 coins. To do so, we need to further bitshift values to decrease the supply under 264-1 atomic units to accommodate this. Again, this hurts early adopters (like me), but is designed to ensure the correct operation of the chain in the long run. It's less than a week old, and if we're going to hardfork in economic changes that make sense we should do it now. We're real devs turning monero into the coin it should have been, and our active commitment should be nothing but good news. Fuck the pump and dumps, we're here to create something with value that people can use.”
(https://bitcointalk.org/index.php?topic=582080.msg6366134#msg6366134)
[tacotime brings to the public for first time the tail emission proposal and writes what is my favourite sentence of the whole monero history: “Fuck the pump and dumps, we're here to create something with value that people can use”]
-51: “I think this is the right attitude. Like you I stand to "lose" from this decision in having my early mining halved, but I welcome it. Given how scammy the average coin launch is, I think maximizing fairness for everyone is the right move. Combining a fair distribution with the innovation of Cryptonote tech could be what differentiates Monero from other coins.”
(https://bitcointalk.org/index.php?topic=582080.msg6366346#msg6366346)
-59: “Hello! It is very good that you've created this thread. I'm ok about renaming. But I can't agree with any protocol changes based only on decisions made by bitcointalk.org people. This is because not all miners are continiously reading forum. Any decision about protocol changes are to be made by hashpower-based voting. From my side I will agree on such a decision only if more than 50% of miners will agree. Without even such a simple majority from miners such changes are meaningless. In case of hardfork that isn't supported by majority of miners the network will split into two nets with low-power fork and high-power not-forking branches. I don't think that this will be good for anybody. Such a voting is easy to be implemented by setting minor_version of blocks to a specific value and counting decisions made after 1000 of blocks. Do you agree with such a procedure?”
(https://bitcointalk.org/index.php?topic=582080.msg6368478#msg6368478)
[TFT appears after a couple days of inactivity]
-63: “In few days I will publish a code with merged mining support. This code will be turned ON only by voting process from miners. What does it mean:
The same procedure is suitable for all other protocol changes.”
(https://bitcointalk.org/index.php?topic=582080.msg6368720#msg6368720)
[And now he is back, TFT is all about merged mining]
-67: “We don't agree that a reverse split amounts to "taking" coins. I also wouldn't agree that a regular forward split would be "giving" coins. It's an exchange of old coins with new coins, with very nearly the exact same value. There is a very slight difference in value due to the way the reward schedule is capped, but that won't be relevant for years or decades. Such a change is entirely reasonable to fix an error in a in coin that has only existed for a week.”
(https://bitcointalk.org/index.php?topic=582080.msg6368861#msg6368861)
-68: “There were no error made in this coin but now there is an initiative to make some changes. Changes are always bad and changes destroy participant confidence even in case these changes are looking as useful. We have to be very careful before making any changes in coins”
(https://bitcointalk.org/index.php?topic=582080.msg6368939#msg6368939)
[TFT does not accept the unexpected emission curve as a bug]
-72: “You are wrong TFT. The original announcement described the coin as having a reward curve "close to Bitcoin's original curve" (those are your exact words). The code as implemented has a reward curve that is nothing like bitcoin. It will be 86% mined in 4 years. It will be 98% mined in 8 years. Bitcoin is 50% mined in 4 years, and 75% in 8 years.
With respect TFT, you did the original fork, and you deserve credit for that. But this coin has now gone beyond your initial vision. It isn't just a question of whether miners are on bitcointalk or not.
There is a great team of people who are working hard to make this coin a success, and this team is collaborating regularly through forum posts, IRC, PM and email. And beyond that a community of users who by and large have been very supportive of the efforts we've taken to move this forward.
Also, miners aren't the only stakeholders, and while a miner voting process is great, it isn't the answer to every question. Though I do agree that miners need to be on board with any hard fork to avoid a harmful split.”
(https://bitcointalk.org/index.php?topic=582080.msg6369137#msg6369137)
[smooth breaks out publicily for first time against TFT]
-75: “I suppose that merged mining as a possible option is a good idea as soon as nobody is forced to use it. MM is a possibility to accept PoW calculated for some other network. It helps to increase a security of both networks and makes it possible for miners not to choose between two networks if they want both:
Important things to know about MM:
Actually the only change that goes with MM is that we are able to accept PoW from some other net with same hash-function. Each miner can decide his own other net he will merge mine BMR with.
And this is still very secure.
This way I don't see any disadvantage in merged mining. What disadvantages do you see in MM?”
(https://bitcointalk.org/index.php?topic=582080.msg6369255#msg6369255)
[TFT stands for merged mining]
-77: “Merged mining essentially forces people to merge both coins because that is the only economically rational decision. I do not want to support the ninja-premined coin with our hash rate.
Merged mining makes perfect sense for a coin with a very low hash rate, otherwise unable to secure itself effectively. That is the case with coins that merge mine with bitcoin. This coin already has 60% of the hash rate of bytecoin, and has no need to attach itself to another coin and encourage sharing of hash rate between the two. It stands well on its own and will likely eclipse bytecoin very soon.
I want people to make a clear choice between the fair launched coin and the ninja-premine that was already 80% mined before it was made public. Given such a choice I believe most will just choose this coin. Letting them choose both allows bytecoin to free ride on what we are doing here. Let the ninja-preminers go their own way.”
(https://bitcointalk.org/index.php?topic=582080.msg6369386#msg6369386)
[smooth again]
-85: “One of you is saying that there was no mistake in the emission formula, while the other is. I'm not asking which I should believe . . I'm asking for a way to verify this”
(https://bitcointalk.org/index.php?topic=582080.msg6369874#msg6369874)
[those that have not been paying attention to the soap opera since the beginning do not understand anything at all]
-86: “The quote I posted "close to Bitcoin's original curve" is from the original announcement here: https://bitcointalk.org/index.php?topic=563821.0
I think there was also some discussion on the thread about it being desirable to do that.
At one point in that discussion, I suggested increasing the denominator by a factor of 4, which is what ended up being done, but I also suggested retaining the block target at 2 minutes, which was not done. The effect of making one change without the other is to double the emission rate from something close to bitcoin to something much faster (see chart a few pages back on this thread).”
(https://bitcointalk.org/index.php?topic=582080.msg6369935#msg6369935)
[smooth answers just a few minutes later]
-92: “I'm happy the Bitmonero attracts so much interest.
I'm not happy that some people want to destroy it.
Here is a simple a clear statement about plans: https://bitcointalk.org/index.php?topic=582670
We have two kind of stakeholders we have respect: miders and coin owners.
Before any protocol changes we will ask miners for agreement. No changes without explicit agreement of miners is possible.
We will never take away or discount any coins that are already emitted. This is the way we respect coin owners.
All other issues can be discussed, proposed and voted for. I understand that there are other opinions. All decisions that aren't supported in this coin can be introduced in any new coin. It's ok to start a new fork. It's not ok to try to destroy an existsing network.”
(https://bitcointalk.org/index.php?topic=582080.msg6370324#msg6370324)
[TFT is kinda upset – he can see how the community is “somehow” taking over]
-94: “Sounds like there's probably going to be another fork then. Sigh.
I guess it will take a few tries to get this coin right.
The problem with not adjusting existing coins is that it make this a premine/instamine. If the emission schedule is changed but not as a bug fix, then earlier miners got an unfair advantage over everyone else. Certainly there are coins with premines and instamines, but there's a huge stigma and such a coin will never achieve the level of success we see for this coin. This was carefully discussed during the team meeting, which was announced a day ahead of time, and everyone with any visible involvement with the coin, you included, was invited. It is unfortunate you couldn't make it to that meeting TFT.”
(https://bitcointalk.org/index.php?topic=582080.msg6370411#msg6370411)
[smooth is desperate due to TFT lack of interest in collaboration, and he publicly speaks about an scission for first time]
-115: “Very rough website online, monero.cc (in case you asked, the domain name was voted on IRC, like the crypto name and its code). Webdesigner, webmaster, writers... wanted.”
(https://bitcointalk.org/index.php?topic=582080.msg6374702#msg6374702)
[Even though the lack of consensus and the obvious chaos, the community keeps going on: Monero already has his own site]
-152: “Here's one idea on fixing the emissions without adjusting coin balances.
We temporarily reduce the emission rate to half of the new target for as long as it takes for the total emission from 0 to match the new curve. Thus there will be a temporary period when mining is very slow, and during that period there was a premine.
But once that period is compete, from the perspective of new adopters, there was no premine -- the total amount of coins emitted is exactly what the slow curve says it should be (and the average rate since genesis is almost the same as the rate at which they are mining, for the first year or so at least).
This means the mining rewards will be very low for a while (if done now then roughly two weeks), and may not attract many new miners. However, I think there enough of us early adopters (and even some new adopters who are willing to make a temporary sacrifice) who want to see this coin succeed to carry it through this period.
The sooner this is done the shorter the catch up period needs to be.”
(https://bitcointalk.org/index.php?topic=582080.msg6378032#msg6378032)
[smooth makes a proposal to solve the “emission curve bug” without changing users balances and without favoring the early miners]
-182: “We have added a poll in the freenode IRC room "Poll #2: "Emission future of Monero, please vote!!" started by stickh3ad. Options: #1: "Keep emission like now"; #2: "Keep emission but change blocktime and final reward"; #3: "Keep emission but change blocktime"; #4: "Keep emission but change final reward"; #5: "Change emission"; #6: "Change emission and block time"; #7: "Change emission and block time and final reward"
Right now everyone is voting for #4, including me.”
(https://bitcointalk.org/index.php?topic=582080.msg6379518#msg6379518)
[tacotime announces an ongoing votation on IRC]
-184: “ change emission: need to bitshift old values on the network or double values after a certain block. controversial. not sure if necessary. can be difficult to implement. keep emission: straightforward, we don't keep change emission or block time. change final reward is simple. if (blockSubsidy < finalSubsidy) return finalSubsidy; else return blockSubsidy;”
(https://bitcointalk.org/index.php?topic=582080.msg6379562#msg6379562)
-188: “Yeah, well. We need to change the front page to reflect this if we can all agree on it.
We should post the emissions curve and the height and value that subsidy will be locked in to.
In my opinion this is the least disruptive thing we can do at the moment, and should ensure that the fork continues to be mineable and secure in about 8 years time without relying on fees to secure it (which I think you agree is a bad idea).”
(https://bitcointalk.org/index.php?topic=582080.msg6379871#msg6379871)
[tacotime]
-190: “I don't think the proposed reward curve is bad by any means. I do think it is bad to change the overall intent of a coin's structure and being close to bitcoins reward curve was a bit part of the intent of this coin. It was launched in response to the observation that bytecoin was 80% mined in less than two years (too fast) and also that it was ninja premined, with a stated goal that the new coin have a reward curve close to bitcoin.
At this point I'm pretty much willing to throw in the towel on this launch:
  1. No GUI
  2. No web site
  3. Botched reward curve (at least botched relative to stated intent)
  4. No pool (and people who are enthusiastically trying to mine having trouble getting any blocks; some of them have probably given up and moved on).
  5. No effective team behind it at launch
  6. No Mac binaries (I don't think this is all that big a deal, but its another nail)
I thought this could be fixed but with all the confusion and lack of clear direction or any consistent vision, now I'm not so sure.
I also believe that merged mining is basically a disaster for this coin, and is probably being quietly promoted by the ninjas holding 80% of bytecoin, because they know it keeps their coin from being left behind, and by virtue of first mover advantage, probably relegates any successors to effective irrelevance (like namecoin, etc.).
We can do better. It's probably time to just do better.”
(https://bitcointalk.org/index.php?topic=582080.msg6380065#msg6380065)
[smooth is disappointed]
-191: “The website does exist now, it's just not particularly informative yet. :) But, I agree that thankful_for_today has severely mislead everyone by stating the emission was "close to Bitcoin's" (if he's denying that /2 rather than /4 emission schedule was unintentional, as he seems to be). I'm also against BCN merge mining. It works against the goal of overtaking BCN and if that's not a goal, I don't know what we're even doing here. I'll dedicate my meagre mining to voting against that.
That said, you yourself have previously outlined why relaunches and further clones fail. I'd rather stick with this one and fix it.”
(https://bitcointalk.org/index.php?topic=582080.msg6380235#msg6380235)
[eizh tries to keep smooth on board]
-196: “BCN is still growing as well. It is up to 1.2 million now. If merged mining happens, (almost) everyone will just mine both. The difficulty on this coin will jump up to match BCN (in fact both will likely go higher since the hash rate will be combined) and again it is an instamine situation. (Those here the first week get the benefit of easy non-merged mining, everyone else does not.) Comments were made on this thread about this not being yet another pump-and-dump alt. I think that could have been the case, but sadly, I don't really believe that it is.”
(https://bitcointalk.org/index.php?topic=582080.msg6380778#msg6380778)
-198: “There's no point in fragmenting talent. If you don't think merge mining is a good idea, I'd prefer we just not add it to the code.
Bitcoin had no web site or GUI either initially. Bitcoin-QT was the third Bitcoin client.
If people want a pool, they can make one. There's no point in centralizing the network when it's just began, though. Surely you must feel this way.”
(https://bitcointalk.org/index.php?topic=582080.msg6381866#msg6381866)
[tacotime also wants smooth on board]
-201: “My personal opinion is that I will abandon the fork if merge mining is added. And then we can discuss a new fork. Until then I don't think Monero will be taken over by another fork.”
(https://bitcointalk.org/index.php?topic=582080.msg6381970#msg6381970)
[tacotime opens the season: if merged mining is implemented, he will leave the ship]
-203: “Ditto on this. If the intention wasn't to provide a clearweb launched alternative to BCN, then I don't see a reason for this fork to exist. BCN is competition and miners should make a choice.”
(https://bitcointalk.org/index.php?topic=582080.msg6382097#msg6382097)
[eizh supports tacotime]
-204: “+1 Even at the expense of how much I already "invested" in this coin.”
(https://bitcointalk.org/index.php?topic=582080.msg6382177#msg6382177)
[NoodleDoodle is also against merged mining]
This is basically everything worth reading in this thread. This thread was created in the wrong category, and its short life of about 2 days was pretty interesting. Merged mining was rejected and it ended up with the inactivity of TFT for +7 days and the creation of a new github repo the 30th of April. It is only 12 days since launch and a decentralized team is being built.
Basically the community had forked (but not the chain) and it was evolving and moving forward to its still unclear future.
These are the main takeaways of this thread:
  • The legitimacy of the "leaders" of the community is proven when they proposed and supported the idea of halving the balances for the greater good to solve the emission curve issue without any possible instamine accusation. Also their long-term goals and values rejecting merged-mining with a "primined scam"
  • It is decided that, as for now, it is “too late” to change the emission curve, and finally monero will mint 50% of its coin in ~1.3 years (bitcoin did it after 3.66 years) and 86% of its coins in 4 years (bitcoin does it in ~11 years) (was also voted here) (see also this chart)
  • It is decided that a “minimum subsidy” or “tail emission” to incentivize miners “forever” and avoid scaling fees will be added (it will be finally added to the code march 2015)
  • Merged mining is plainly rejected by the future “core team” and soon rejected by "everyone". This will trigger TFT inactivity.
  • The future “core team” is somehow being formed in a decentralized way: tacotime, eizh, NoodleDoodle, smooth and many others
And the most important. All this (and what is coming soon) is a proof of the decentralization of Monero. Probably comparable to Bitcoin first days. This is not a company building a for-profit project (even if on the paper it is not for-profit), this a group of disconnected individuals sharing a goal and working together to reach it.
Soon will be following a final part where i'll collect the bitcointalk logs in the current official announcement threads. There you'll be able to follow the decentralized first steps of develoment (open source pool, miner optimizations and exchanges, all surrounded by fud trolls, lots of excitmen and a rapidly growing collaborative community.
submitted by el_hispano to Monero [link] [comments]

Subreddit Stats: mtgfinance top posts from 2013-05-03 to 2017-12-13 19:26 PDT

Period: 1684.90 days
Submissions Comments
Total 1000 49956
Rate (per day) 0.59 29.63
Unique Redditors 514 6710
Combined Score 47701 200546

Top Submitters' Top Submissions

  1. 2330 points, 58 submissions: SaffronOlive
    1. Announcing: Modern Masters 2015 Edition. (81 points, 155 comments)
    2. Modern Decks Cost 25 Percent More Today than Six Months Ago (78 points, 59 comments)
    3. How Wizards Manages its Savings Account (72 points, 18 comments)
    4. Fake decklists/tournaments being used in an attempt to spike Dramatic Entrance (from magictcg). (69 points, 28 comments)
    5. Breaking Down the Modern Masters 2015 Announcement (66 points, 83 comments)
    6. Anchovies and the Decreasing Price of KTK. (63 points, 52 comments)
    7. The Great Buylist Review (Part 1: Intro through SCG) (61 points, 42 comments)
    8. Pascal Maynard's #FoilGoyf on eBay (55 points, 52 comments)
    9. Preparing for Rotation: Theros (53 points, 38 comments)
    10. The Great Buylist Review (Part 2: ABU Through Shipping) (50 points, 24 comments)
  2. 1509 points, 27 submissions: kodin
    1. [AKH] Aven Mindcensor In At Rare! (158 points, 74 comments)
    2. [MM3] TARMOGOYF (126 points, 161 comments)
    3. [MM3] Snapcaster Mage at Mythic (96 points, 99 comments)
    4. [Iconic Masters] Horizon Canopy at rare! (82 points, 60 comments)
    5. Aetherworks Marvel is banned (81 points, 166 comments)
    6. SaffronOlive's "The Expected Value of Modern Masters 2017". With a Small Personal Tweak. (74 points, 39 comments)
    7. [MM3] Hoof, There It Is! (74 points, 20 comments)
    8. [SPIKE] Protean Hulk (61 points, 94 comments)
    9. Commander 2017 Set of 4 Decks on Massdrop for Under $100 (59 points, 19 comments)
    10. [Iconic] Flusterstorm!!!!!!!!!!!!!!!!!!!! (Rare!) (59 points, 32 comments)
  3. 1273 points, 19 submissions: hp94
    1. Investment Vehicles (246 points, 40 comments)
    2. Memes are an indicator of a fast growing, healthy subreddit. (160 points, 11 comments)
    3. How Timmys Become Rudys (130 points, 54 comments)
    4. Weekly Online Store Sales Thread #1 (108 points, 21 comments)
    5. [Meme] In light of Alpha Investments insider trading gossip... (84 points, 114 comments)
    6. MRW I'm bag holding a bunch of rares that show up in Iconic Masters (75 points, 14 comments)
    7. Weekly Sales Thread #2 (49 points, 13 comments)
    8. Weekly Sales Thread #16 (46 points, 32 comments)
    9. Weekly Sales Thread #3 (42 points, 7 comments)
    10. Weekly Sales Thread #8 (42 points, 16 comments)
  4. 1249 points, 21 submissions: Manadyne
    1. New Judge Promos: Capture of Jingzhou (120 points, 35 comments)
    2. [C17] Cat Tribal Deck (115 points, 39 comments)
    3. FTV: Transform card list, includes J:VP (98 points, 116 comments)
    4. [MM3] Death's Shadow (96 points, 48 comments)
    5. Masterpieces. Expeditions in every set! (95 points, 137 comments)
    6. [MM3] Liliana of the Veil (75 points, 49 comments)
    7. [C16] All 4 commanders in each deck to be foiled. (66 points, 31 comments)
    8. Wizards announces new Standard Rewards program (60 points, 92 comments)
    9. The Future of Modern (or lack thereof) (52 points, 59 comments)
    10. Channel Fireball announces Frontier side events at GPs this year (48 points, 34 comments)
  5. 967 points, 26 submissions: RoseofThorns
    1. I was one of the TCGplayer stores who sold Master of Waves at 5.00 ea before the spike. (77 points, 14 comments)
    2. What Wizards Wants: Reprints (77 points, 116 comments)
    3. The Cost of Buying Too Soon (53 points, 18 comments)
    4. The Finance Article That Reddit Wants (49 points, 29 comments)
    5. Low, Mid, and High: Then vs. Now (48 points, 7 comments)
    6. The Reasons Why I Hate Magic Finance (47 points, 28 comments)
    7. New TCGplayer Direct Buylist (44 points, 28 comments)
    8. The Wealth Effect (39 points, 17 comments)
    9. Nothing is Sacred (38 points, 7 comments)
    10. Post Prerelease Panic (36 points, 6 comments)
  6. 867 points, 18 submissions: JasonEAltMTG
    1. PSA - Why is this card spiking? (128 points, 50 comments)
    2. As promised, here is the first unlocked Insider Article (93 points, 46 comments)
    3. Where do we need the most help? (69 points, 74 comments)
    4. Do we still want unlocked QS articles? (65 points, 49 comments)
    5. Anthony Capece - The Unwilling Speculators (63 points, 66 comments)
    6. Anthony Capece - Rare is the New Uncommon (50 points, 36 comments)
    7. Holding yourself accountable (46 points, 25 comments)
    8. A few days early- here's the second unlocked QS article (43 points, 38 comments)
    9. My position on Shock Lands (37 points, 66 comments)
    10. Another unlocked QS Insider Article for you (34 points, 12 comments)
  7. 785 points, 19 submissions: Chosler88
    1. Why Standard Costs $700 (62 points, 43 comments)
    2. Splinter Twin – the Ban, the Reaction, and the Fallout (60 points, 42 comments)
    3. A Note About Card Spikes (59 points, 49 comments)
    4. Point-Counterpoint: Is Legacy Fading? (56 points, 84 comments)
    5. Reinventing the Expedition — Why Masterpieces are good for Standard (53 points, 42 comments)
    6. Why Eye Of Ugin Is The Ban (52 points, 42 comments)
    7. Running financial coverage of the World Championship (48 points, 14 comments)
    8. Penny Stocks of Tarkir (45 points, 27 comments)
    9. Modern Masters 2(015). R-E-L-A-X. (37 points, 11 comments)
    10. The Future of Fetch (37 points, 37 comments)
  8. 662 points, 16 submissions: Deathspiral222
    1. How To Trade Into A Black Lotus: Anatomy of a Deal (87 points, 39 comments)
    2. A Case Study: Goblin Rabblemaster (63 points, 20 comments)
    3. My Spec Quadrupled But I Only Made $.75 Each (58 points, 44 comments)
    4. Pro Tour Khans of Tarkir Coverage (Day 2) - Liliana is being reprinted! (52 points, 36 comments)
    5. Cheap Shocklands (48 points, 63 comments)
    6. Grand Prix New Jersey: Dealer Report (43 points, 22 comments)
    7. Help us built the ultimate MTG Finance app! (41 points, 67 comments)
    8. Only God and Forsythe Can Judge Me (34 points, 23 comments)
    9. "Legacy is going to die" (33 points, 145 comments)
    10. Gods Part I: The Theros Five (32 points, 6 comments)
  9. 558 points, 15 submissions: Phrost_
    1. #1 Reason why Spellskite will be $40 in a few weeks (58 points, 114 comments)
    2. Grinder Finance - The Price of Standard is Too Damn High (54 points, 20 comments)
    3. Grinder Finance – Preparing For The Rotation Part 2 (52 points, 37 comments)
    4. My newest article answers a lot of questions in this sub (43 points, 9 comments)
    5. Grinder Finance - Kozilek's Return (37 points, 10 comments)
    6. Grinder Finance – WTF is Printing and Collation? (37 points, 0 comments)
    7. Grinder Finance - How to ship a Magic card (36 points, 33 comments)
    8. Grinder Finance - Analyzing Buyouts (34 points, 10 comments)
    9. Grinder Finance - The Battle for Zendikar.... Expeditions (34 points, 17 comments)
    10. Grinder Finance – Looking into the Expedition effect (33 points, 11 comments)
  10. 485 points, 14 submissions: TrypticonX
    1. Best of MTG Black Friday Deals (MTGPrice.com) (58 points, 34 comments)
    2. Super Collection: Diary of a Big Collection Flip (54 points, 33 comments)
    3. Pro Tour Eldritch Moon MTGFinance MTGPrice.com Coverage: Day 1 (41 points, 13 comments)
    4. [Article] The Ethics of MTGFinance (41 points, 76 comments)
    5. MM2 Tarmogoyf Price Prediction Math (Let's Figure This Out) (35 points, 98 comments)
    6. Digging for Dollars: Battle for Zendikar (31 points, 36 comments)
    7. GP Toronto Vendor Report: Day 1 (30 points, 8 comments)
    8. Pro Tour: Shadows Over Innistrad MTGFinance Coverage (Day 2) (30 points, 8 comments)
    9. THE SUPER COLLECTION: DIARY OF A BIG COLLECTION FLIP (PT 2) (30 points, 3 comments)
    10. Pro Oath of the Gatewatch: Live MTGPrice.com Coverage (29 points, 40 comments)
  11. 459 points, 9 submissions: VersusX
    1. MM3 prices have dropped 32% for mythics, and 44% for rares - and they will still drop! (146 points, 119 comments)
    2. MM17 and Amonkhet Packaging & other info! (56 points, 156 comments)
    3. HASCON and Iconic Masters Info (43 points, 109 comments)
    4. Jace VP is now $47. Is this real? (42 points, 163 comments)
    5. Iconic Masters has a massive development team (39 points, 122 comments)
    6. Modern Pro Tour is back! (39 points, 34 comments)
    7. Zirilan of the Claw (Reserved List) & Yidris - gone from TCG (39 points, 80 comments)
    8. KTK fetches - drop much at rotation? (28 points, 32 comments)
    9. Do we need to talk about FRONTIER? (27 points, 158 comments)
  12. 433 points, 3 submissions: smartplaya5244
    1. Troll and toad hoarding Protean Hulks (346 points, 208 comments)
    2. Hasbro shares up 15%, ups dividends, mtg growth? (51 points, 42 comments)
    3. PSA Gideon Jura reprint in Archenemy (36 points, 8 comments)
  13. 430 points, 10 submissions: shor
    1. 117 million Booster Packs were Produced In 2016 (in the U.S) - Magic: The Gathering, Hasbro Investor Day 2017 Presentation (80 points, 45 comments)
    2. [Album] How Did Magic Perform In 2014? What's New In 2015? Slides From Hasbro's 2015 Investor Day (56 points, 42 comments)
    3. Who Wins, Modern Masters or Modern Masters 2? Full List of Mythic & Rare Prices (47 points, 43 comments)
    4. The Expected Value of Modern Masters 2015 | MTGGoldfish (41 points, 39 comments)
    5. [Album] How Did Magic Perform in 2015? What's The Outlook For 2016? From Hasbro's 2016 Investor Day Update" X-Post from /MagicTCG (38 points, 20 comments)
    6. Macro: The Fundamental Challenge for Magic: The Gathering and Wizards of the Coast (37 points, 14 comments)
    7. [SeekingAlpha Contributor] Hasbro's Magic: The Gathering Franchise Is Poised For Immense Growth Long Term (37 points, 14 comments)
    8. Hasbro Q4 Earnings Call: Battle For Zendikar most successful set launch ever. Also 2017 for the next Magic platform (34 points, 27 comments)
    9. Hasbro Q2 earnings call actual transcript (30 points, 53 comments)
    10. How To Spot Fakes Without Special Equipment (x-post /magictcg) (30 points, 18 comments)
  14. 384 points, 7 submissions: goldenCapitalist
    1. Damnation Reprint in MM17 (91 points, 40 comments)
    2. Wheel of Fortune is up to over $100 due to a buyout. (79 points, 56 comments)
    3. MaRo updates on the rarity of UNS foil basics (74 points, 40 comments)
    4. PSA - TCGPlayer has changed how they calculate their prices; cards across the board have drastically fallen in price. (48 points, 20 comments)
    5. Fetchlands: An Investment Guide for 2015 (36 points, 34 comments)
    6. All 10 Shocklands from RTR have seen an increase of an average of 4.6% over the past 3 weeks. (28 points, 20 comments)
    7. [Spike] Leovold, Emissary of Trest (28 points, 32 comments)
  15. 331 points, 1 submission: cwilliams467
    1. The state of print quality. Out of pack delaminating cards. On $10 boosters..... (331 points, 143 comments)
  16. 310 points, 2 submissions: Squishyflapp
    1. PSA: dont use Alter Reality Games for buylisting (238 points, 70 comments)
    2. Another excellent article from Seth about reprint equity and the future of reprints. (72 points, 81 comments)
  17. 309 points, 3 submissions: Bouq_
    1. September FNM promo is Fatal push (203 points, 118 comments)
    2. Masters 25 Set - Masters set with cards from all 25 years of Magic, due March 2018. DISCUSS! (63 points, 120 comments)
    3. What is the ceiling on Fatal push? (43 points, 44 comments)
  18. 296 points, 4 submissions: Goyfs-R-Us
    1. Continuing the Trend of Baffling decisions by wizards, FNM Promo's have been replaced by foil Tokens. (155 points, 122 comments)
    2. Real or Fake? (61 points, 35 comments)
    3. Long rumored MTG MMORPG Officially announced. (50 points, 61 comments)
    4. Sanctum Prelate (30 points, 24 comments)
  19. 295 points, 4 submissions: punninglinguist
    1. Spike: Eldrazi Skyspawner (188 points, 28 comments)
    2. [MTGO] Most of the foil bulk mythics from M15 and Theros block roughly doubled in price on March 1st 2015. This date bears no relation to the redemption schedule or standard rotation. What happened? (43 points, 15 comments)
    3. Are there any Legacy or Vintage playables that you're expecting in Eternal Masters simply because they could lead to good limited play? (34 points, 130 comments)
    4. [MTGO] Has anyone been keeping track of the actual value they get from Treasure Chests? Here are my limited results so far. (30 points, 40 comments)
  20. 270 points, 5 submissions: drakeblood4
    1. TCGPlayer to begin having foreign card listing (87 points, 18 comments)
    2. Maro confirms no Zen fetches in BFZ, wizards collectively puts foot in mouth (82 points, 179 comments)
    3. [Math] Master of Waves vs. Eidolon of the Great Revel (38 points, 53 comments)
    4. CFB has pauper GP sides scheduled for January, and they're dipping their toes in the idea of a pauper gP. What penny stock cards should we be looking at? (33 points, 25 comments)
    5. [Discussion, Called Shots, Long] Reprinting Fetchlands (30 points, 47 comments)
  21. 265 points, 3 submissions: magictheblathering
    1. These two cards are an infinite combo. (185 points, 93 comments)
    2. Vengevine (48 points, 40 comments)
    3. What are you currently speculating on? (32 points, 152 comments)
  22. 262 points, 3 submissions: xDragod
    1. [AER] Aether Revolt Masterpieces (91 points, 126 comments)
    2. [KLD] Chandra, Torch of Defiance (87 points, 94 comments)
    3. [KLD] Enemy Fastlands (84 points, 39 comments)
  23. 252 points, 2 submissions: deadwings112
    1. Potential Spikes thanks to Modern Masters 2017 (142 points, 79 comments)
    2. Not all Reprints are Alike (110 points, 36 comments)
  24. 249 points, 6 submissions: swegen9
    1. Shout out to haplessmagician - currently in 12th place at the biggest Magic tournament ever (79 points, 15 comments)
    2. Aaron Forsythe rules out fetchland reprints until 2015. (46 points, 109 comments)
    3. [META] mtgfinance will not be going dark (35 points, 34 comments)
    4. SDCC Panel Megathread (32 points, 113 comments)
    5. GP Watch: Minneapolis (29 points, 48 comments)
    6. [META] Community Values and Posting Guidelines. (28 points, 24 comments)
  25. 248 points, 7 submissions: jmarsh642
    1. Insurance and Your Collection (59 points, 48 comments)
    2. Circle of Protection: Life (Insurance and Your Collection) (47 points, 13 comments)
    3. Battle for Zendikar Event Deck (33 points, 49 comments)
    4. The Science of Magic: is Modern pay-to-win? (32 points, 45 comments)
    5. Walgreens has 40% Off Magic, Pokemon and Yugioh TCGs (27 points, 35 comments)
    6. Magic Market for the Rest of Us: Don’t (25 points, 31 comments)
    7. Weekend Update for 10/4/2014 (25 points, 38 comments)
  26. 237 points, 5 submissions: Kenoxkenner
    1. BACK AGAIN! $15 off $75 eBay (67 points, 60 comments)
    2. EBAY $15 off $75 BACK! (50 points, 55 comments)
    3. 15$ off 75$ BACK AGAIN! Whooo!! (47 points, 55 comments)
    4. EBAY $15 off $75 (46 points, 40 comments)
    5. Potential 10$ eBay gift cards, instructions included! (27 points, 43 comments)
  27. 235 points, 5 submissions: BorosWreckingHer
    1. Iconic Masters and its poor Marketing (81 points, 140 comments)
    2. PSA: Hareruya, Quality of Service and shipping to Canada (47 points, 41 comments)
    3. Mass pack openings by large retailers (43 points, 40 comments)
    4. SCG Prices dropping + Upping their buy price for bulk common/uncommon (34 points, 32 comments)
    5. what are magic's most liquid cards? (30 points, 44 comments)
  28. 222 points, 3 submissions: WaffleSandwhiches
    1. Hide your bitcoins. Seance is reprinted (97 points, 52 comments)
    2. What ever Happened To Seance Guy? (93 points, 161 comments)
    3. Archangel Avacyn is spiking hard, TCGMid of 50 now (32 points, 82 comments)
  29. 220 points, 7 submissions: GHChinMTG
    1. Blue Ugin & the Most Expensive Dragons in Magic (34 points, 10 comments)
    2. Deep Analysis of Ugin's Current and Future (Financial) Fate (34 points, 21 comments)
    3. Commander Foils: Red Commander Staple Foils with Room to Grow (33 points, 26 comments)
    4. Snapcaster RPTQ Promo: A Win for All (32 points, 23 comments)
    5. Battling for Zendikar with the Dragonlords (30 points, 3 comments)
    6. Dragon Sickness and Acquiring Foil Fetches on the Cheap (30 points, 11 comments)
    7. Hall of the Dragonlords: the mtgfinance of the Elder Dragons (27 points, 25 comments)
  30. 218 points, 1 submission: WindexChugger
    1. Spec Report - Checklands (218 points, 65 comments)
  31. 202 points, 2 submissions: rogue_LOVE
    1. Friendly Reminder: This is Why We Don't Pre-order. :) (171 points, 70 comments)
    2. Eidolon of the great Revel beginning to spike (31 points, 53 comments)
  32. 198 points, 3 submissions: mtg_liebestod
    1. Store Attempts to Manipulate PucaTrade EMA Prices for Profit; Gets Banned (93 points, 62 comments)
    2. Why do land prices go up? (Discussion/rant about mtgfinance) (59 points, 70 comments)
    3. TCGPlayer buyer asserts that KTK fetches he bought are fake - how to handle? (46 points, 64 comments)
  33. 194 points, 1 submission: Blazing_Arrows
    1. When your specs don't pan out. (194 points, 84 comments)
  34. 193 points, 1 submission: TCGplayerdotcom
    1. TCGplayer Official Announcement - Our Response to Buyouts (193 points, 57 comments)
  35. 186 points, 4 submissions: borisyelt7
    1. In two months, MM 2017 Box EV will be below $140 (88 points, 124 comments)
    2. Contrarian viewpoint: Spike-decline behavior are a sign of a healthy Magic Finance market (36 points, 45 comments)
    3. How many unopened boxes of english legends exist? antiquities? arabian nights? unlimited? beta? alpha? (34 points, 20 comments)
    4. How can i find a sealed Arabian nights booster box? (28 points, 33 comments)
  36. 186 points, 1 submission: 93-334
    1. This feeling ... (186 points, 336 comments)
  37. 182 points, 3 submissions: djpattiecake
    1. Guru lands will reach their peak price monday 8/21. MARK MY WORDS (119 points, 18 comments)
    2. [SPIKE] Thrasios, Triton Hero (34 points, 25 comments)
    3. Aetherworks marvel nearly gone on tcgplayer (29 points, 20 comments)
  38. 173 points, 2 submissions: mindspank
    1. SCG has been vacuuming reserved items on MCM (126 points, 136 comments)
    2. [Spec] Nahiri, the Harbinger (47 points, 53 comments)
  39. 172 points, 3 submissions: TimothyN
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submitted by subreddit_stats to subreddit_stats [link] [comments]

Some ideas and solution to increase the dogecoin's security without changing POW algorithm. Dogecoin gets stronger the more it circulates.

With the recent WafflePool scare, many shibes have expressed interest in swapping our scrypt POW with something less asic and gpu friendly. This is an extremely risky move with almost zero room for error, as if any part of transitioning to, or architecture of, the new algorithm is implemented incorrectly, the coin may very well kick the bit bucket.
Alternatives should be explored before we consider such drastic actions as unavoidable. Thus I shall propose a few draft ideas, a Frankenstein of a solution that, while it won't solve the asic problem, and is currently far from perfect, may increase the security of dogecoin in general, from certain 51% attacks and in the long term survival of the coin.
I propose the following formula for calculating difficulty:
actual_difficulty = ( 10 * scrypt_difficulty ) - ( 9 * scrypt_difficulty * effective_value / past_effective_value )
for effective_value < past_effective_value and:
function clamp( _inputValue, _maxValue )
actual_difficulty = scrypt_difficulty - scrypt_difficulty * clamp( dig_in_rate * ( In( e1 * ( effective_value / past_effective_value ) ) - 1 ), dig_in_max )
for effective_value > past_effective_value.
The dig_in_rate will determine how much more difficulty is discounted by providing a higher effective_value than past_effective_value, while a dig_in_max is the maximum discount to difficulty allowed.
If we set a dig_in_rate of 0.04, dig_in_max of 0.20, and calculate x times effective_value to past_effective_value:
past_effective_value is a sum of:
effective_value = actual_transaction_value * input_maturity
input_maturity = number_of_confirmations / 10080 ( or 7 days worth of blocks )
0.1% mandatory transaction fee (already mandatory?)
All transaction fees are temporary removed by the protocol (rather than given to the block solver).
On the next set of 100,000 blocks, (necromancy!) all removed fees are returned in the form of block rewards, distributed equally across the entire set of 100,000 blocks.
Nodes will treat any block pass 30 blocks (where any reasonable natural fork should have resolved long ago) (bitcoin's longest non-hard fork is 4) as locked, and if encountered a broadcasted chain that have forked from 31 confirmations onwards, or is both a fork and longer than 30 blocks, would proceed to flag to the network of a possible fraudulent chain, broadcasting both chains to the network for verification.
Each node that received the flag will then check the public ledger of all the nodes it is connected to, before flagging the fork with the highest agree rate. When a majority of the nodes are flagging one fork, they would have agreed on that fork, and the forking is resolved.
Proof-of-Stake (like) via Transactions
With a proof of stake (like, because actual proof-of-stake involves generating new blocks based on amount of currency held * currency age, which this solution does not) based around transactions, dogecoin can truly become a spending currency, one where the more the currency is circulated, the stronger it becomes.
It works by setting the difficulty for each block prohibitively high, which can be lowered by including a reasonable volume of transactions within said block, an attacker planning on a reject all transactions attack will have to match both the average amount of transactions (about 10,567,129 DOGE per block on bitinfocharts.com) and control more than 50% of the network. An attacker that cannot match the transaction volume of the dogecoin network will have no choice but to process most of the transactions.
Transaction Fee Incentive Carried Over As Reward Blocks
Rather than receiving transaction fees from processing transactions, fees are temporary removed from the system to be equally distributed amongst the next set of 100,000 blocks equally as block rewards (rewards should re-target about every 69 and a half days), at a rate of 0.1% (1 DOGE for every 1000, you won't miss this) each block mined may generate 20,567 DOGE! That's over twice the minimum block reward. At the peak of transaction volume in late January, early February, you may get up to 10 times the fee, putting you at around 115671 DOGE (About the value you'll get on halving). This will keep the miners mining without unnecessary inflation (the 10,000 DOGE is necessary for replacing lost wallets and DOGE), as well as self regulating the currency against the economy (block rewards increase with an active dogeconomy, increasing the potential profits, which increases the miners, which increases the hash rate and security of the coin).
Locking in Blocks after 90 Confirmations
51% double spend attacks can be prevented by simply verifying the conflicted forks against many random nodes, each node that is prompted to verify this way will verify against its connected nodes also, the fork that is spread throughout the majority of the network should be the fork being actively worked on by the network, this would be the accepted fork, while the recently broadcasted fork should be fairly isolated to a few nodes as it didn't have the chance to saturate the network without alerting them to the conflict, this fork will be orphaned and made invalid.
Most of this are pretty rough draft ideas, and this is probably the extend of my knowledge in this subject. I do hope someone more knowledgeable can find something useful from this, maybe rip out the good and workable parts and improve upon them. If nothing else insights on the feasibility of these ideas can be informative.
submitted by ginsederp to dogecoin [link] [comments]

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