Namecoin Hashrate chart - Bitcoin, Litecoin, Namecoin

Namecoin Difficulty jumps 40% in 10 days from 29,857,293 to 41,770,674 - total network hash rate is up to 285 TH/s (Bitcoin's is 448 TH/s)

submitted by HighBeamHater to Namecoin [link] [comments]

Three suggestions for better boundaries between Monero and Tari

I write this as a multi-year Monero contributor to the subreddit, the CCS, and minor commits to both the CLI and GUI. However, my Reddit account is newish since I regularly delete my Reddit account every six months or so out of privacy concerns, so let my words in this post act as proof of my grasp of Monero and our community's values.
I have been increasingly confused by how intermingled the goals of Monero have become with Tari. Naturally, I could care less if someone wants to merge-mine with Monero. But last week we had dEBRUYNE, longtime excellent mod of this subreddit, break the subreddit's own rules to announce Tari's testnet. So naturally it feels like the Monero community is being invited to align itself with Tari, both alongside Tari's development and its eventual goals. Yet I don't feel like the Monero community is fully aware of how this conflation has the potential to degrade the purity of our community, so that's why I am writing this post today.
On the one hand you have Monero, perhaps the only pure cryptocurrency project left in the entire space. Bitcoin development has declined to a crawl. Yes, regular commits to its code happen all the time, but fundamentally they have become a traceable surveillance coin, and make no major efforts to change this. Greg Maxwell's Confidential Transactions are just sitting there on the shelf, waiting to be implemented. It's sad, really.
Thankfully, there is us. There is Monero. We have all of the benefits of Bitcoin in that we were fairly launched (no premine, founder's share, etc), are decentralized, PoW, and open source. Further our culture reflects the culture of Bitcoin's origins. There is no price talk in Monero. No memes. (Bitcoin's subreddit is overwhelmed with price memes, a harbinger of a dying coin.) Indeed, Monero's community is first passionate about the technology inside it. Some of the most upvoted posts in this sub are actual gd pull requests. So wonderful. I think back to how painfully long it took us to complete the GUI. So many of us were so focused on getting the CLI right that the GUI was delayed for (I think) almost two years.
There are precious few coins like that these days. Namecoin is a wonderful exception. Jeremy Rand's recent presentation on how Namecoin has been implented in the Tor-browser is perhaps the most exciting news in cryptoland all year. Unlike 95% of the burning crypto dumpster fire, people may soon actually use Namecoin, typing something like Monero.bit instead of a long difficult aasldkfasdlkfjadlkfj.onion address.
And then you have everybody else. 95% of the crypto garbage out there is fundamentally useless if not a straight up scam. Most of the stuff falls into 2 different camps of crap: (Crap 1) useless slick coins with massive marketing budgets, and (Crap 2) reskinned forks. 95% of the garbage out there cares first and foremost about how it appears on the surface, because: the first goal for most cryptos is not making something useful, it's making money. You can have a coin like Dash that "innovates" a PoW by stringing a bunch of hash functions together to make it's X11 algo, but since the wallet software itself impresses people, they don't care. Who cares if there is fundamental collision potential in X11 that could break the coin in a single block? Everything looks sliiick.
In short, you can tell if a cryptocurrency is healthy or not if its first goal is making money or making something useful.
Thankfully Tari does not seem to be as bad as 95% of the stuff out there. A cursory glance at their repo makes it seem like Fluffypony found talented devs who know their stuff. Further, I think the idea of merge-mining alongside Monero is quite smart. I am a huge fan of Tevador and hyc and the work they did on RandomX, so anything that champions their creation is welcome to me! My hope is we have dozens of merge-mined RandomX coins in the coming decades. Our hash rate will only increase, and the security of our chain will improve. Furthermore, I think Fluffypony himself is a guy with a lot of integrity, so I actually feel a degree of trust towards Tari that I wouldn't naturally feel.
The issue is Tari's goals. I say this dispassionately: I am uncertain if Tari's central goal is to make something useful or to make money. Here's an article in Blockchain News announcing Tari. In it, they describe what Tari's software will hopefully do:
in our digital world, these restrictions are unduly limiting for both businesses and consumers, making it costly, difficult, or impossible for digital assets to be resold or transferred,” the announcement stated. “For businesses, this means missing out on the tens of billions of dollars generated each year from secondary resale and trading of the digital goods they issue. For consumers, this means never having true ownership of their digital assets, despite having earned or paid for them.”
Sounds ok. Who wouldn't want the ability to trade scarce digital assets with programmed rules? I certainly would. However, farther down the page you have this:
... those involved with the project include John Pleasants, the former CEO of Ticketmaster and the venture firms Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures, Aspect Ventures, DRW Ventures, Blockchain Capital, Pantera, and Multicoin Capital.
Here is where things get a little hairy, and why I am nervous about the pump-culture of crypto leaking into the tech-culture of Monero. Redpoint is a backer of the scammy gambling website Draft Kings. Blockchain Capital is a backer of Coinbase and Ripple. Pantera put up some of the cash that made ZCash happen. I don't know about you, but it makes me squirm a bit to see Tari's logo alongside ZCash and Ripple.
Naturally, the terms of their VC investments are somewhere in black and white, yet there is nothing anywhere on the Tari website about the emission schedule of the coin. In fact, unlike most VC backed crypto out there, Tari doesn't even list their investors. They used to list it in their FAQ as seen on archive.org, but have since removed it.
Monero is one of the most hopeful things in the world right now, and it has this special status for me because it cares first and foremost about the technology it is innovating. Decentralized private open-sourced cash. It's an incredible wonderful future that we're all making together. Nothing like Monero has ever existed. But it is more fragile than people realize. It can be slowly killed. This community can eventually become like Bitcoin, stuck in price-memes, if the culture gets sucked away from technology and into profit making.
Is it possible for Tari to accept VC money and be solely focused on the technology of a product? Theoretically, yes. But it's not easy. I've had to work with a few small Silicon Valley companies who also accepted VC cash, and returns to their shareholders were a constant source of pressure on them. Will it be for Tari? Monero needed many years to be awkward and small in order to strengthen itself to be the sizable functional coin it is today. Does Tari have this same patience, or will the VCs need payouts sooner than that? If Fluffypony's main goal in Tari is to help people trade digital assets then why didn't he simply launch Tari like Monero, free and open source (FOSS)? Namecoin is FOSS and merge-mined; it has no VC backers.
As a worst-case scenario, how long will it be before Tari is "given back to the community", as so many VC-inspired coins have done? Dead code repos all over the corners of cryptoland, discarded after the venture capital firms dumped their premine and took off. There are a lot of unanswered questions here.
In closing, I have three suggestions:
  1. Fluffypony should publish the emission schedule as soon as he can, so Tari’s fans can know if there is a premine/founders-share/etc. And perhaps be transparent about how their venture capital investors are being compensated.
  2. People here should think critically before they get involved Tari. It has a different ethos than Monero.
  3. Despite the Fluffypony connection, Rule #4 should be enforced, disallowing posts promoting merge-mined coins like Tari from this forum. If Tari is allowed in this forum, we need our moderators to be honest about whether or not they are investors in Tari and have a conflict of interest. That said, most mods are anonymous, so it's actually impossible to enforce this disclosure. So I guess just enforce Rule #4.
submitted by KierkegaardsGhost to Monero [link] [comments]

Bitcoin mining is a bit more than just number crunching

The charming cryptocurrency and the many ideas that surface in the minds of the observers typically surround couple of apparent concerns - how does it enter being and what about its flow? The response, nevertheless, is uncomplicated. Bitcoins need to be mined, in order to make the cryptocurrency exist in the Bitcoin market. The mystical developer of Bitcoin, Satoshi Nakamoto, imagined a method to exchange the important cryptocurrencies online, by getting rid of the need for any central organization. For Bitcoins, there's an alternative method to hold the essential records of the deal history of the whole blood circulation, and all this is handled through a decentralized way.
The journal that helps with the procedure is called the "blockchain". The essence of this journal may need lots of newsprint for appearing frequently at all popular Bitcoin news. Blockchain broadens every minute, existing on the makers associated with the big Bitcoin network. Individuals might question the credibility, even credibility, of these deals and their recordings into Blockchain. This too is nevertheless warranted, through the procedure of Bitcoin mining. Mining allows production of brand-new Bitcoin and assembling deals to the journal. Mining basically involves fixing of complex mathematical estimations, and the miners utilize enormous computing power to resolve it. The private or 'swimming pool' that resolves the puzzle, positions the subsequent block and wins a benefit too. And, how mining can prevent double-spending? Practically every 10 minutes, impressive deals are mined into a block. So, any disparity or illegitimacy is entirely dismissed.
For Bitcoins, mining is not mentioned in a conventional sense of the term. Bitcoins are mined by using cryptography. A hash function described as "double SHA-256" is used. However how tough is it to mine Bitcoins? This can be another inquiry. This depends a lot on the effort and computing power being used into mining. Another element worth pointing out is the software application procedure. For each 2016 blocks, problem involved in mining of Bitcoins is changed by itself just to keep the procedure. In turn, the rate of block generation is kept constant. A Bitcoin problem chart is an ideal procedure to show the mining trouble in time. The trouble level changes itself to increase or down in a straight proportional way, depending upon the computational power, whether it's being sustained or removed. As the variety of miners increase, portion of revenues been worthy of by the individuals decrease, everybody winds up with smaller sized pieces of the revenues.
Having private economies and neighborhoods, cryptocurrencies like Dogecoin, Namecoin or Peercoin, are called Altcoins. You can easily track your different cryptocurrency by using reputable portfolio trackers.These are options to Bitcoin. Practically like Bitcoins, these 'cousins' do have a substantial fan-following and enthusiasts who are eager to take a deep plunge into the big ocean and start to mine it. Algorithms used for Altcoin mining are either SHA-256 or Scrypt. Numerous other ingenious algorithms exist too. Alleviate, price and simpleness can render it possible to mine Altcoins on a PC or by using unique mining software application. Altcoins are a bit 'down to earth' compared to Bitcoins, yet changing them into huge dollars is a little challenging. Cryptocurrency enthusiasts can simply hope, if a few of them might witness the comparable huge popularity!
submitted by Katherine4512 to BitcoinBasic [link] [comments]

Here is what is currently HAPPENING!

If you missed any of the drama, here is what actually happened so far in the past few days
An altcoin which was created at 1st Aug was listed 2 days ago in the korean exchanges and as any new altcoin it was pumped by them and everyone got too excited and followed them ...
This resulted in a rapid increase in the mining profitability for the other chain after it adjusted the difficulty yesterday ... and miners started to jump in ...
That's what happened so far ... here is what is going to happen in the following days : hash power is far greater than the current difficulty ... as a result, about 36 new blocks are made / hour ... that is far more profitable than the bitcoin's mining ... until the next difficulty kicks in ( expected within 2 days at the current rate ), at this point the difficulty will adjust upwards exponentially resulting in a less profitable chain compared to the bitcoin ... miners will start to jump back to the btc chain leaving the other chain in a frozen state .. that actually happened before with namecoin
Here is a tweet from charlie lee confirming it https://twitter.com/SatoshiLite/status/899418458349228032
tl;dr miners only care about profitability
submitted by antonesamy to Bitcoin [link] [comments]

What Are Altcoins?

In 2008 the first cryptocurrency – Bitcoin – was born. From this moment the era of cryptocurrencies began. For a long time, Bitcoin was a unique digital currency. But nowadays there are many other crypto coins, commonly known as altcoins. These coins have their own blockchains, miners, and wallets.
The term itself (Altcoin) is an abbreviation for alternative coin. Bitcoin is traditionally considered the first and the main coin. All others are Bitcoin alternatives are called altcoins. They appeared in the desire of developers to improve the existing Bitcoin code and remove the following limitations and disadvantages of the BTC blockchain network:
Bitcoin has a large volume of blocks, which slowly calculate the necessary operations. The main goal was to create new algorithms in order to speed up the transaction time.
The developers of BTC encrypted the transactions well, but there was still a possibility to track the sender and the recipient. So many new altcoins use additional encryption methods (like proof of work, a combination of hashing algorithms in series and hashing algorithms in parallel and so on).
Bitcoin mining constantly becomes more complicated and each time requires the use of more and more resources to form new blocks in the blockchain. Altcoins use other types of protocols that significantly simplify the mining process and do not require special equipment.
The primary task of Bitcoin is to be a tool for settlement transactions. Altcoins have other extra functions, for example, the creation of a smart contract.
Among the other reasons for the creation of altcoins is the need for technological innovation. Each alternative coin created carries certain know-how that is able to solve specific problems. Also in today's world, cryptocurrency trading has become an integral part of the financial world, so the more altcoins options there are — the more opportunities there are for the investments. Finally, most developers need access to the blockchain technology. First of all, they are interested in a reliable data transmission system and the safe storage of important business information. To access this technology, they need to use altcoins.
The very first altcoin was Namecoin. It was created in 2011 to replace the domain name system of BTC in a decentralized way. Later in 2011 Litecoin come out and suddenly the gateways of the crypto-universe burst out with endless altcoins. Today there are thousands of alternative coins. Pretty impressive, huh?
The main problem of new altcoins is the lack of information about them. Beware of so-called scam coins. These are altcoins designed purely to make a lucre of your investments. Scam coins are dumped as soon as someone puts their money into it. So before investing in altcoins check out their functionality, learn more about the developers and broad market support.
Here the list of most popular and promising altcoins that you should pay attention to:
Ethereum is second by capitalization after BTC. It has also been second by the price rate among all crypto coins for a long time. ETH was created in 2015 as a platform for the development of smart contracts. Nowadays, the major part of ICOs is conducted on this platform.
A fork of Bitcoin, released on August 1, 2017. Unlike Bitcoin, it has a block with a size of 8 Mb.
The cryptocurrency with an additional level of encryption. It is the most popular payment method in the Darknet, which is why it is often criticized, blamed for serving criminal actions.
A platform for payment systems oriented on currency exchange operations. The Ripple protocol, developed by the company of the same name in 2012, is popular in the banking sector.
Altcoin serving the blockchain which is targeted on serving transactions in the framework of the Internet of Things.
To sum up, there are thousands of different altcoins in the crypto world. Some of them succeeded and are now at the peak of popularity. Some projects passed into oblivion. Nowadays altcoins are not just alternative coins to Bitcoin, but the next stage in the evolution of cryptocurrencies. The level of BTC domination is falling down every year and new projects with improved technological solutions and audacious concept will come to the crypto market. Their number will continue to increase and attract more investors. In the near future, we will see new applications for altcoins and new opportunities that the blockchain technology offers.
Stealthex allows you to exchange up 200+ different coins. We are sure you will find the perfect match including most popular altcoins. Check out http://stealthex.io. It’s anonymous, limitless and the support team is always ready to assist you.
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us on Medium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to CryptoCurrencies [link] [comments]

What Are Altcoins?

In 2008 the first cryptocurrency – Bitcoin – was born. From this moment the era of cryptocurrencies began. For a long time, Bitcoin was a unique digital currency. But nowadays there are many other crypto coins, commonly known as altcoins. These coins have their own blockchains, miners, and wallets.
The term itself (Altcoin) is an abbreviation for alternative coin. Bitcoin is traditionally considered the first and the main coin. All others are Bitcoin alternatives are called altcoins. They appeared in the desire of developers to improve the existing Bitcoin code and remove the following limitations and disadvantages of the BTC blockchain network:
Bitcoin has a large volume of blocks, which slowly calculate the necessary operations. The main goal was to create new algorithms in order to speed up the transaction time.
The developers of BTC encrypted the transactions well, but there was still a possibility to track the sender and the recipient. So many new altcoins use additional encryption methods (like proof of work, a combination of hashing algorithms in series and hashing algorithms in parallel and so on).
Bitcoin mining constantly becomes more complicated and each time requires the use of more and more resources to form new blocks in the blockchain. Altcoins use other types of protocols that significantly simplify the mining process and do not require special equipment.
The primary task of Bitcoin is to be a tool for settlement transactions. Altcoins have other extra functions, for example, the creation of a smart contract.
Among the other reasons for the creation of altcoins is the need for technological innovation. Each alternative coin created carries certain know-how that is able to solve specific problems. Also in today's world, cryptocurrency trading has become an integral part of the financial world, so the more altcoins options there are — the more opportunities there are for the investments. Finally, most developers need access to the blockchain technology. First of all, they are interested in a reliable data transmission system and the safe storage of important business information. To access this technology, they need to use altcoins.
The very first altcoin was Namecoin. It was created in 2011 to replace the domain name system of BTC in a decentralized way. Later in 2011 Litecoin come out and suddenly the gateways of the crypto-universe burst out with endless altcoins. Today there are thousands of alternative coins. Pretty impressive, huh?
The main problem of new altcoins is the lack of information about them. Beware of so-called scam coins. These are altcoins designed purely to make a lucre of your investments. Scam coins are dumped as soon as someone puts their money into it. So before investing in altcoins check out their functionality, learn more about the developers and broad market support.
Here the list of most popular and promising altcoins that you should pay attention to:
Ethereum is second by capitalization after BTC. It has also been second by the price rate among all crypto coins for a long time. ETH was created in 2015 as a platform for the development of smart contracts. Nowadays, the major part of ICOs is conducted on this platform.
A fork of Bitcoin, released on August 1, 2017. Unlike Bitcoin, it has a block with a size of 8 Mb.
The cryptocurrency with an additional level of encryption. It is the most popular payment method in the Darknet, which is why it is often criticized, blamed for serving criminal actions.
A platform for payment systems oriented on currency exchange operations. The Ripple protocol, developed by the company of the same name in 2012, is popular in the banking sector.
Altcoin serving the blockchain which is targeted on serving transactions in the framework of the Internet of Things.
To sum up, there are thousands of different altcoins in the crypto world. Some of them succeeded and are now at the peak of popularity. Some projects passed into oblivion. Nowadays altcoins are not just alternative coins to Bitcoin, but the next stage in the evolution of cryptocurrencies. The level of BTC domination is falling down every year and new projects with improved technological solutions and audacious concept will come to the crypto market. Their number will continue to increase and attract more investors. In the near future, we will see new applications for altcoins and new opportunities that the blockchain technology offers.
Stealthex allows you to exchange up 200+ different coins. We are sure you will find the perfect match including most popular altcoins. Check out http://stealthex.io. It’s anonymous, limitless and the support team is always ready to assist you.
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us on Medium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to u/Stealthex_io [link] [comments]

What Are Altcoins?

In 2008 the first cryptocurrency – Bitcoin – was born. From this moment the era of cryptocurrencies began. For a long time, Bitcoin was a unique digital currency. But nowadays there are many other crypto coins, commonly known as altcoins. These coins have their own blockchains, miners, and wallets.
The term itself (Altcoin) is an abbreviation for alternative coin. Bitcoin is traditionally considered the first and the main coin. All others are Bitcoin alternatives are called altcoins. They appeared in the desire of developers to improve the existing Bitcoin code and remove the following limitations and disadvantages of the BTC blockchain network:
Bitcoin has a large volume of blocks, which slowly calculate the necessary operations. The main goal was to create new algorithms in order to speed up the transaction time.
The developers of BTC encrypted the transactions well, but there was still a possibility to track the sender and the recipient. So many new altcoins use additional encryption methods (like proof of work, a combination of hashing algorithms in series and hashing algorithms in parallel and so on).
Bitcoin mining constantly becomes more complicated and each time requires the use of more and more resources to form new blocks in the blockchain. Altcoins use other types of protocols that significantly simplify the mining process and do not require special equipment.
The primary task of Bitcoin is to be a tool for settlement transactions. Altcoins have other extra functions, for example, the creation of a smart contract.
Among the other reasons for the creation of altcoins is the need for technological innovation. Each alternative coin created carries certain know-how that is able to solve specific problems. Also in today's world, cryptocurrency trading has become an integral part of the financial world, so the more altcoins options there are — the more opportunities there are for the investments. Finally, most developers need access to the blockchain technology. First of all, they are interested in a reliable data transmission system and the safe storage of important business information. To access this technology, they need to use altcoins.
The very first altcoin was Namecoin. It was created in 2011 to replace the domain name system of BTC in a decentralized way. Later in 2011 Litecoin come out and suddenly the gateways of the crypto-universe burst out with endless altcoins. Today there are thousands of alternative coins. Pretty impressive, huh?
The main problem of new altcoins is the lack of information about them. Beware of so-called scam coins. These are altcoins designed purely to make a lucre of your investments. Scam coins are dumped as soon as someone puts their money into it. So before investing in altcoins check out their functionality, learn more about the developers and broad market support.
Here the list of most popular and promising altcoins that you should pay attention to:
Ethereum is second by capitalization after BTC. It has also been second by the price rate among all crypto coins for a long time. ETH was created in 2015 as a platform for the development of smart contracts. Nowadays, the major part of ICOs is conducted on this platform.
A fork of Bitcoin, released on August 1, 2017. Unlike Bitcoin, it has a block with a size of 8 Mb.
The cryptocurrency with an additional level of encryption. It is the most popular payment method in the Darknet, which is why it is often criticized, blamed for serving criminal actions.
A platform for payment systems oriented on currency exchange operations. The Ripple protocol, developed by the company of the same name in 2012, is popular in the banking sector.
Altcoin serving the blockchain which is targeted on serving transactions in the framework of the Internet of Things.
To sum up, there are thousands of different altcoins in the crypto world. Some of them succeeded and are now at the peak of popularity. Some projects passed into oblivion. Nowadays altcoins are not just alternative coins to Bitcoin, but the next stage in the evolution of cryptocurrencies. The level of BTC domination is falling down every year and new projects with improved technological solutions and audacious concept will come to the crypto market. Their number will continue to increase and attract more investors. In the near future, we will see new applications for altcoins and new opportunities that the blockchain technology offers.
Stealthex allows you to exchange up 200+ different coins. We are sure you will find the perfect match including most popular altcoins. Check out http://stealthex.io. It’s anonymous, limitless and the support team is always ready to assist you.
Like and share this article if you find it useful. Want more interesting articles on the crypto world? Follow us on Medium, Twitter, Facebook, and Reddit to get Stealthex.io updates and the latest news about the crypto world. For all requests message us at [[email protected]](mailto:[email protected]).
submitted by Stealthex_io to altcoin_news [link] [comments]

Litecoin + Dogecoin + Lightning Network = Yes

In the same way that atomic swaps between Bitcoin and Litecoin would be amazing, I see an even better opportunity to test it out in the short term: between Litecoin and Dogecoin.
These two coins have existed for quite a while in a mutually beneficial relationship. Dogecoin is basically our version of Namecoin, piggybacking on the Litecoin network for enough hash rate to remain secure from malicious attacks. However, Dogecoin's long running problem is that it is mainly seen as a joke, or at the very best a type of "crypto training wheels". However, the fact that it is similar to Litecoin and has a negligible market value by comparison makes it a great candidate for Lightning Network field testing.
So what would Litecoin get out of this deal? Well, aside from furthering the technology, the Dogecoin community possesses a level of free marketing that quite frankly blows Litecoin out of the water. More people have heard of Dogecoin as a "joke coin" than have even heard of Litecoin.
Most of us probably feel like Litecoin is the be-all-end-all of cryptocurrencies as a payment method, but Litecoin's grass roots origins means it has never had a real full-time marketing team.
If there was a dual coin wallet with integrated LN/AS technology, that would do heaps for both coins' adoption. It could effectively bring all of the Dogecoin community into Litecoin, and vice versa.
In my opinion, Dogecoin would be getting the better end of this deal as Litecoin is currently more widely accepted. Dogecoin would effectively be able to send payment to any company that accepts Litecoin and vice versa. But really, the major accomplishment would be showing off a proof of concept to Bitcoin's skeptical isolationist community.
Demonstrating that coins can work together instead of only competing with each other would set a great precedent among all crypto-currencies. Perhaps more importantly, it would show the last Bitcoin Segwit holdouts that there is nothing to fear.
submitted by Gristledorf to litecoin [link] [comments]

Echoes of the Past: Recovering Blockchain Metrics From Merged Mining

Cryptology ePrint Archive: Report 2018/1134
Date: 2018-11-22
Author(s): Nicholas Stifter, Philipp Schindler, Aljosha Judmayer, Alexei Zamyatin, Andreas Kern, Edgar Weippl

Link to Paper


Abstract
So far, the topic of merged mining has mainly been considered in a security context, covering issues such as mining power centralization or crosschain attack scenarios. In this work we show that key information for determining blockchain metrics such as the fork rate can be recovered through data extracted from merge mined cryptocurrencies. Specifically, we reconstruct a long-ranging view of forks and stale blocks in Bitcoin from its merge mined child chains, and compare our results to previous findings that were derived from live measurements. Thereby, we show that live monitoring alone is not sufficient to capture a large majority of these events, as we are able to identify a non-negligible portion of stale blocks that were previously unaccounted for. Their authenticity is ensured by cryptographic evidence regarding both, their position in the respective blockchain, as well as the Proof-of-Work difficulty.
Furthermore, by applying this new technique to Litecoin and its child cryptocur rencies, we are able to provide the first extensive view and lower bound on the stale block and fork rate in the Litecoin network. Finally, we outline that a recovery of other important metrics and blockchain characteristics through merged mining may also be possible.

References
  1. C. Decker and R. Wattenhofer, “Information propagation in the bitcoin network,” in Peer-to-Peer Computing (P2P), 2013 IEEE Thirteenth International Conference on. IEEE, 2013, pp. 1–10. [Online]. Available: http://diyhpl.us/∼bryan/papers2/bitcoin/Information% 20propagation%20in%20the%20Bitcoin%20network.pdf
  2. A. Gervais, G. O. Karame, K. Wust, V. Glykantzis, H. Ritzdo rf, and S. Capkun, “On the ¨ security and performance of proof of work blockchains,” in Proceedings of the 2016 ACM SIGSAC. ACM, 2016, pp. 3–16.
  3. A. E. Gencer, S. Basu, I. Eyal, R. van Renesse, and E. G. Sirer, “Decentralization in bitcoin and ethereum networks,” in Proceedings of the 22nd International Conference on Financial Cryptography and Data Security (FC). Springer, 2018. [Online]. Available: http://fc18.ifca.ai/preproceedings/75.pdf
  4. I. Eyal and E. G. Sirer, “Majority is not enough: Bitcoin mining is vulnerable,” in Financial Cryptography and Data Security. Springer, 2014, pp. 436–454. [Online]. Available: http://arxiv.org/pdf/1311.0243
  5. K. Nayak, S. Kumar, A. Miller, and E. Shi, “Stubborn mining: Generalizing selfish mining and combining with an eclipse attack,” in 1st IEEE European Symposium on Security and Privacy, 2016. IEEE, 2016. [Online]. Available: http://eprint.iacr.org/2015/796.pdf
  6. A. Sapirshtein, Y. Sompolinsky, and A. Zohar, “Optimal selfish mining strategies in bitcoin,” http://arxiv.org/pdf/1507.06183.pdf, 2015, accessed: 2016-08-22. [Online]. Available: http://arxiv.org/pdf/1507.06183.pdf
  7. J. Bonneau, “Why buy when you can rent? bribery attacks on bitcoin consensus,” in BITCOIN ’16: Proceedings of the 3rd Workshop on Bitcoin and Blockchain Research, February 2016. [Online]. Available: http://fc16.ifca.ai/bitcoin/papers/Bon16b.pdf
  8. K. Liao and J. Katz, “Incentivizing blockchain forks via whale transactions,” in International Conference on Financial Cryptography and Data Security. Springer, 2017, pp. 264–279. [Online]. Available: http://www.cs.umd.edu/∼jkatz/papers/whale-txs.pdf
  9. P. McCorry, A. Hicks, and S. Meiklejohn, “Smart contracts for bribing miners,” in 5th Workshop on Bitcoin and Blockchain Research, Financial Cryptography and Data Security 18 (FC). Springer, 2018. [Online]. Available: http://fc18.ifca.ai/bitcoin/papers/bitcoin18-final14.pdf
  10. A. Zamyatin, N. Stifter, A. Judmayer, P. Schindler, E. Weippl, and W. J. Knottebelt, “(Short Paper) A Wild Velvet Fork Appears! Inclusive Blockchain Protocol Changes in Practice,” in 5th Workshop on Bitcoin and Blockchain Research, Financial Cryptography and Data Security 18 (FC). Springer, 2018. [Online]. Available: https://eprint.iacr.org/2018/087.pdf
  11. Blockchain.com, “Blockchain.com orphaned blocks,” https://www.blockchain.com/btc/orphaned-blocks, Blockchain.com, accessed: 2018-09-25.
  12. BitcoinChain.com, “Bitcoinchain bitcoin block explorer,” https://bitcoinchain.com/blockexplorer, BitcoinChain.com, accessed: 2018-09-25.
  13. ChainQuery.com, “A web based interface to the bitcoin api json-rpc,” http://chainquery.com/bitcoin-api, ChainQuery.com, accessed: 2018-09-25.
  14. L. Project, “Litecoin,” https://litecoin.org/, accessed: 2016-03-29.
  15. Y. Sompolinsky and A. Zohar, “Accelerating bitcoin’s transaction processing. fast money grows on trees, not chains,” p. 881, 2013. [Online]. Available: http://eprint.iacr.org/2013/881.pdf
  16. A. Miller and L. JJ, “Anonymous byzantine consensus from moderately-hard puzzles: A model for bitcoin,” https://socrates1024.s3.amazonaws.com/consensus.pdf, 2014, accessed: 2016-03-09. [Online]. Available: https://socrates1024.s3.amazonaws.com/consensus.pdf
  17. J. Garay, A. Kiayias, and N. Leonardos, “The bitcoin backbone protocol: Analysis and applications,” in Advances in Cryptology-EUROCRYPT 2015. Springer, 2015, pp. 281–310. [Online]. Available: http://courses.cs.washington.edu/courses/cse454/15wi/papers/bitcoin765.pdf
  18. R. Pass and E. Shi, “Fruitchains: A fair blockchain,” http://eprint.iacr.org/2016/916.pdf, 2016, accessed: 2016-11-08. [Online]. Available: http://eprint.iacr.org/2016/916.pdf
  19. R. Pass, L. Seeman, and a. shelat, “Analysis of the blockchain protocol in asynchronous networks,” http://eprint.iacr.org/2016/454.pdf, 2016, accessed: 2016-08-01. [Online]. Available: http://eprint.iacr.org/2016/454.pdf
  20. K. Croman, C. Decker, I. Eyal, A. E. Gencer, A. Juels, A. Kosba, A. Miller, P. Saxena, E. Shi, and E. Gun, “On scaling decentralized blockchains,” in ¨ 3rd Workshop on Bitcoin and Blockchain Research, Financial Cryptography 16, 2016. [Online]. Available: http://www.tik.ee.ethz.ch/file/74bc987e6ab4a8478c04950616612f69/main.pdf
  21. A. Kiayias and G. Panagiotakos, “On trees, chains and fast transactions in the blockchain.” http://eprint.iacr.org/2016/545.pdf, 2016, accessed: 2017-02-06. [Online]. Available: http://eprint.iacr.org/2016/545.pdf
  22. Y. Sompolinsky, Y. Lewenberg, and A. Zohar, “Spectre: A fast and scalable cryptocurrency protocol,” Cryptology ePrint Archive, Report 2016/1159, 2016, accessed: 2017-02-20. [Online]. Available: http://eprint.iacr.org/2016/1159.pdf
  23. Y. Sompolinsky and A. Zohar, “Phantom: A scalable blockdag protocol,” Cryptology ePrint Archive, Report 2018/104, 2018, accessed:2018-01-31. [Online]. Available: https://eprint.iacr.org/2018/104.pdf
  24. Bitcoin community, “Bitcoin-core source code,” https://github.com/bitcoin/bitcoin, accessed: 2018-09-25.
  25. A. Miller, J. Litton, A. Pachulski, N. Gupta, D. Levin, N. Spring, and B. Bhattacharjee, “Discovering bitcoin’s public topology and influential nodes,” http://cs.umd.edu/projects/coinscope/coinscope.pdf, May 2015, accsessed: 2016-03-09. [Online]. Available: http://cs.umd.edu/projects/coinscope/coinscope.pdf
  26. chainz.cryptoid.info/, “Chainz blockchain explorers,” chainz.cryptoid.info/, chainz.cryptoid.info/, accessed: 2018-09-25.
  27. Narayanan, Arvind and Bonneau, Joseph and Felten, Edward and Miller, Andrew and Goldfeder, Steven, “Bitcoin and cryptocurrency technologies,” http://bitcoinbook.cs.princeton.edu/, 2016, accessed: 2016-03-29. [Online]. Available: https://d28rh4a8wq0iu5.cloudfront.net/bitcointech/readings/princeton bitcoin book.pdf
  28. A. Judmayer, A. Zamyatin, N. Stifter, A. G. Voyiatzis, and E. Weippl, “Merged mining: Curse or cure?” in CBT’17: Proceedings of the International Workshop on Cryptocurrencies and Blockchain Technology, Sep 2017. [Online]. Available: https://eprint.iacr.org/2017/791.pdf
  29. M. Jakobsson and A. Juels, “Proofs of work and bread pudding protocols,” in Secure Information Networks. Springer, 1999, pp. 258–272. [Online]. Available: https://link.springer.com/content/pdf/10.1007/978-0-387-35568-9 18.pdf
  30. A. Judmayer, N. Stifter, K. Krombholz, and E. Weippl, “Blocks and chains: Introduction to bitcoin, cryptocurrencies, and their consensus mechanisms,” Synthesis Lectures on Information Security, Privacy, and Trust, 2017.
  31. A. Kiayias, A. Miller, and D. Zindros, “Non-interactive proofs of proof-of-work,” Cryptology ePrint Archive, Report 2017/963, 2017, accessed:2017-10-03. [Online]. Available: https://eprint.iacr.org/2017/963.pdf
  32. Namecoin community, “Namecoin source code - chainparams.cpp,” https://github.com/namecoin/namecoin-core/blob/fdfb20fc263a72acc2a3c460b56b64245c1bedcb/src/chainparams.cpp#L123, accessed: 2018-09-25.
  33. ——, “Namecoin source code - auxpow.cpp,” https://github.com/namecoin/namecoincore/blob/fdfb20fc263a72acc2a3c460b56b64245c1bedcb/src/auxpow.cpp#L177-L200, accessed: 2018-09-25.
  34. I0Coin community, “I0coin source code,” https://github.com/domob1812/i0coin, accessed: 2018-09-25.
  35. S. Nakamoto, “Bitcoin: A peer-to-peer electronic cash system,” https://bitcoin.org/bitcoin.pdf, Dec 2008, accessed: 2015-07-01. [Online]. Available: https://bitcoin.org/bitcoin.pdf
  36. N. T. Courtois and L. Bahack, “On subversive miner strategies and block withholding attack in bitcoin digital currency,” arXiv preprint arXiv:1402.1718, 2014, accessed: 2016-07-04. [Online]. Available: https://arxiv.org/pdf/1402.1718.pdf
  37. J. Gobel, P. Keeler, A. E. Krzesinski, and P. G. Taylor, “Bitcoin blockchain dynamics: the ¨ selfish-mine strategy in the presence of propagation delay,” http://arxiv.org/pdf/1505.05343.pdf, 2015, accessed: 2015-03-01. [Online]. Available: http://arxiv.org/pdf/1505.05343.pdf
  38. N. Developers, “Neo4j,” 2012.
  39. Gavin Andresen, “Bitcoin improvement proposal 34 (bip34): Block v2, height in coinbase,” https://github.com/bitcoin/bips/blob/mastebip-0034.mediawiki, accessed: 2018-09-25. [Online]. Available: https://github.com/bitcoin/bips/blob/mastebip-0034.mediawiki
  40. Matt Corello, “Fast internet bitcoin relay engine,” http://bitcoinfibre.org/, accessed: 2018-09-25. [Online]. Available: http://bitcoinfibre.org/
  41. Suhas Daftuar, “sendheaders message,” https://github.com/bitcoin/bips/wiki/Comments:BIP-0130, accessed: 2018-09-25. [Online]. Available: https://github.com/bitcoin/bips/wiki/Comments:BIP-0130
  42. R. Bowden, H. P. Keeler, A. E. Krzesinski, and P. G. Taylor, “Block arrivals in the bitcoin blockchain,” 2018. [Online]. Available: https://arxiv.org/pdf/1801.07447.pdf
  43. GeistGeld community, “Geistgeld source code,” https://github.com/Lolcust/GeistGeld, accessed: 2018-09-25.
  44. A. P. Ozisik, G. Bissias, and B. Levine, “Estimation of miner hash rates and consensus on blockchains,” arXiv preprint arXiv:1707.00082, 2017, accessed:2017-09-25. [Online]. Available: https://arxiv.org/pdf/1707.00082.pdf
  45. E. Duffield and D. Diaz, “Dash: A payments-focused cryptocurrency,” https://github.com/dashpay/dash/wiki/Whitepaper, Aug 2013, accessed: 2018-09-25. [Online]. Available: https://github.com/dashpay/dash/wiki/Whitepaper
  46. N. Van Saberhagen, “Cryptonote v 2.0,” https://cryptonote.org/whitepaper.pdf, Oct 2013. [Online]. Available: https://cryptonote.org/whitepaper.pdf
  47. G. Hall, “Guide: Merge mining 6 scrypt coins at full hashpower, simultaneously,” https://www.ccn.com/guide-simultaneously-mining-5-scrypt-coins-full-hashpowe, Apr 2014, accessed: 2018-09-25. [Online]. Available: https://www.ccn.com/guide-simultaneouslymining-5-scrypt-coins-full-hashpowe
  48. united-scrypt coin, “[ann][usc] first merged minable scryptcoin unitedscryptcoin,” https://bitcointalk.org/index.php?topic=353688.0, Nov 2013, accessed: 2018-09-25. [Online]. Available: https://bitcointalk.org/index.php?topic=353688.0
  49. J. A. D. Donet, C. Perez-Sola, and J. Herrera-Joancomart ´ ´ı, “The bitcoin p2p network,” in Financial Cryptography and Data Security. Springer, 2014, pp. 87–102. [Online]. Available: http://fc14.ifca.ai/bitcoin/papers/bitcoin14 submission 3.pdf
  50. M. Bartoletti and L. Pompianu, “An analysis of bitcoin op return metadata,” https://arxiv.org/pdf/1702.01024.pdf, 2017, accessed: 2017-03-09. [Online]. Available: https://arxiv.org/pdf/1702.01024.pdf
  51. R. Matzutt, J. Hiller, M. Henze, J. H. Ziegeldorf, D. Mullmann, O. Hohlfeld, and K. Wehrle, ¨ “A quantitative analysis of the impact of arbitrary blockchain content on bitcoin,” in Proceedings of the 22nd International Conference on Financial Cryptography and Data Security (FC). Springer, 2018. [Online]. Available: http://fc18.ifca.ai/preproceedings/6.pdf
  52. M. Grundmann, T. Neudecker, and H. Hartenstein, “Exploiting transaction accumulation and double spends for topology inference in bitcoin,” in 5th Workshop on Bitcoin and Blockchain Research, Financial Cryptography and Data Security 18 (FC). Springer, 2018. [Online]. Available: http://fc18.ifca.ai/bitcoin/papers/bitcoin18-final10.pdf
  53. A. Judmayer, N. Stifter, P. Schindler, and E. Weippl, “Pitchforks in cryptocurrencies: Enforcing rule changes through offensive forking- and consensus techniques (short paper),” in CBT’18: Proceedings of the International Workshop on Cryptocurrencies and Blockchain Technology, Sep 2018. [Online]. Available: https://www.sba-research.org/wpcontent/uploads/2018/09/judmayer2018pitchfork 2018-09-05.pdf
submitted by dj-gutz to myrXiv [link] [comments]

An interesting look at the correlation between hashrate and price.

Since the inception of these markets, my main focus has been on hash rate and the effects of network activity. Most of us are aware of the merged mined nature that Namecoin shares with bitcoin. Interestingly enough, the last time the hash gap began to close between both Namecoin and bitcoin was exactly four years ago, during the months of November and December of 2013. This is now happening for a second time within the current month of November.
https://bitinfocharts.com/de/comparison/hashrate-btc-nmc.html#log
-IF- my calculations are correct, we may be in for a lot more attention within the near future, which would be an opportunity for everyone. Developer, investor, enthusiast ect. Regardless of whether my projections are correct, we should all continue to do our best.
submitted by sessg9 to Namecoin [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: