3 Ways to Understand Binary Options - wikiHow

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

[ANN][ANDROID MINING][AIRDROP] NewEnglandcoin: Scrypt RandomSpike

New England
New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/
NewEnglandcoin
Symbol: NENG
NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones.
Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt.
1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377
NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number
Bitcoin Fork - Suitable for Home Hobbyists
NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs.
The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity.
MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018)
https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software.
Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%.
NENG v1.4.0 release enabled CPU mining inside android phones.
Youtube Video Tutorial
How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg
How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ
Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG.
We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange.
Twitter Airdrop
Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners
Graphic Redesign Bounty
Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs
Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form.
Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues.
Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1
Milestones
Roadmap
NENG v1.4.0 Android Mining, randomSpike Evaluation https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf
RandomSpike - NENG core v1.3.0 Hardfork Upgrade Proposal https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2020Q1_Report/Scrypt_RandomSpike_NENGv1.3.0_Hardfork_Proposal.pdf
NENG Security, Decentralization & Valuation
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf
Whitepaper v1.0 https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/whitepaper_v1.0/NENG_WhitePaper.pdf
DISCORD https://discord.gg/UPeBwgs
Explorer
http://www.findblocks.com/exploreNENG http://86.100.49.209/exploreNENG http://nengexplorer.mooo.com:3001/
Step by step guide on how to setup an explorer: https://github.com/ShorelineCrypto/nengexplorer
Github https://github.com/ShorelineCrypto/NewEnglandCoin
Wallet
Android with UserLand App (arm64/armhf), Chromebook (x64/arm64/armhf): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.5
Linux Wallet (Ubuntu/Linux Mint, Debian/MX Linux, Arch/Manjaro, Fedora, openSUSE): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.3
MacOS Wallet (10.11 El Capitan or higher): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.2
Android with GNUroot on 32 bits old Phones (alpha release) wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0
Windows wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.3.0.1
addnode ip address for the wallet to sync faster, frequently updated conf file: https://github.com/ShorelineCrypto/cheetah_cpumineblob/mastenewenglandcoin.conf-example
How to Sync Full Node Desktop Wallet https://www.reddit.com/NewEnglandCoin/comments/er6f0q/how_to_sync_full_node_desktop_wallet/
TWITTER https://twitter.com/newenglandcoin
REDDIT https://www.reddit.com/NewEnglandCoin/
Cheetah CPU Miner Software https://github.com/ShorelineCrypto/cheetah_cpuminer
Solo Mining with GPU or ASIC https://bitcointalk.org/index.php?topic=5027091.msg52187727#msg52187727
How to Run Two Full Node in Same Desktop PC https://bitcointalk.org/index.php?topic=5027091.msg53581449#msg53581449
ASIC/GPU Mining Pools Warning to Big ASIC Miners Due to DynDiff Algo on top of Scrypt, solo mining is recommended for ASIC/GPU miners. Further more, even for mining pools, small mining pool will generate better performance than big NENG mining pool because of new algo v1.2.x post hard fork.
The set up configuration of NENG for scrypt pool mining is same as a typical normal scrypt coin. In other word, DynDiff on Scrypt algo is backward compatible with Scrypt algo. Because ASIC/GPU miners rely on CPU miners for smooth blockchain movement, checkout bottom of "Latest News" section for A WARNING to All ASIC miners before you decide to dump big ASIC hash rate into NENG mining.
(1) Original DynDiff Warning: https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708 (2) New Warning on RandomSpike Spike difficulty (244k) introduced in RandomSpike served as roadblocks to instant mining and provide security against 51% attack risk. However, this spike difficulty like a roadblock that makes big ASIC mining less profitable. In case of spike block to be mined, the spike difficulty immediately serve as base difficulty, which will block GPU/ASIC miners effectively and leave CPU cheetah solo miners dominating mining almost 100% until next base difficulty reset.
FindBlocks http://findblocks.com/
CRpool http://crpool.xyz/
Cminors' Pool http://newenglandcoin.cminors-pool.com/
SPOOL https://spools.online/
Exchange
📷
https://shorelinecrypto.com/
Features: anonymous sign up and trading. No restriction or limit on deposit or withdraw.
The trading pairs available: NewEnglandcoin (NENG) / Dogecoin (DOGE)
Trading commission: A round trip trading will incur 0.10% trading fees in average. Fees are paid only on buyer side. buy fee: 0.2% / sell fee: 0% Deposit fees: free for all coins Withdraw fees: ZERO per withdraw. Mining fees are appointed by each coin blockchain. To cover the blockchain mining fees, there is minimum balance per coin per account: * Dogecoin 2 DOGE * NewEnglandcoin 1 NENG
Latest News Aug 30, 2020 - NENG v1.4.0.5 Released for Android/Chromebook Upgrade with armhf, better hardware support https://bitcointalk.org/index.php?topic=5027091.msg55098029#msg55098029
Aug 11, 2020 - NENG v1.4.0.4 Released for Android arm64 Upgrade / Chromebook Support https://bitcointalk.org/index.php?topic=5027091.msg54977437#msg54977437
Jul 30, 2020 - NENG v1.4.0.3 Released for Linux Wallet Upgrade with 8 Distros https://bitcointalk.org/index.php?topic=5027091.msg54898540#msg54898540
Jul 21, 2020 - NENG v1.4.0.2 Released for MacOS Upgrade with Catalina https://bitcointalk.org/index.php?topic=5027091.msg54839522#msg54839522
Jul 19, 2020 - NENG v1.4.0.1 Released for MacOS Wallet Upgrade https://bitcointalk.org/index.php?topic=5027091.msg54830333#msg54830333
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining, Ubuntu 20.04 support https://bitcointalk.org/index.php?topic=5027091.msg54803639#msg54803639
Jul 11, 2020 - NENG v1.4.0 Android Mining, randomSpike Evaluation https://bitcointalk.org/index.php?topic=5027091.msg54777222#msg54777222
Jun 27, 2020 - Pre-Announce: NENG v1.4.0 Proposal for Mobile Miner Upgrade, Android Mining Start in July 2020 https://bitcointalk.org/index.php?topic=5027091.msg54694233#msg54694233
Jun 19, 2020 - Best Practice for Futurebit Moonlander2 USB ASIC on solo mining mode https://bitcointalk.org/index.php?topic=5027091.msg54645726#msg54645726
Mar 15, 2020 - Scrypt RandomSpike - NENG v1.3.0.1 Released for better wallet syncing https://bitcointalk.org/index.php?topic=5027091.msg54030923#msg54030923
Feb 23, 2020 - Scrypt RandomSpike - NENG Core v1.3.0 Relased, Hardfork on Mar 1 https://bitcointalk.org/index.php?topic=5027091.msg53900926#msg53900926
Feb 1, 2020 - Scrypt RandomSpike Proposal Published- NENG 1.3.0 Hardfork https://bitcointalk.org/index.php?topic=5027091.msg53735458#msg53735458
Jan 15, 2020 - NewEnglandcoin Dev Team Expanded with New Kickoff https://bitcointalk.org/index.php?topic=5027091.msg53617358#msg53617358
Jan 12, 2020 - Explanation of Base Diff Reset and Effect of Supply https://www.reddit.com/NewEnglandCoin/comments/envmo1/explanation_of_base_diff_reset_and_effect_of/
Dec 19, 2019 - Shoreline_tradingbot version 1.0 is released https://bitcointalk.org/index.php?topic=5121953.msg53391184#msg53391184
Sept 1, 2019 - NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin https://bitcointalk.org/index.php?topic=5027091.msg52331201#msg52331201
Aug 15, 2019 - Mining Update on Effect of Base Difficulty Reset, GPU vs ASIC https://bitcointalk.org/index.php?topic=5027091.msg52169572#msg52169572
Jul 7, 2019 - CPU Mining on macOS Mojave is supported under latest Cheetah_Cpuminer Release https://bitcointalk.org/index.php?topic=5027091.msg51745839#msg51745839
Jun 1, 2019 - NENG Fiat project is stopped by Square, Inc https://bitcointalk.org/index.php?topic=5027091.msg51312291#msg51312291
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto https://bitcointalk.org/index.php?topic=5027091.msg50714764#msg50714764
Apr 7, 2019 - Announcement of Fiat Project for all U.S. Residents & Mobile Miner Project Initiation https://bitcointalk.org/index.php?topic=5027091.msg50506585#msg50506585
Apr 1, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50417196#msg50417196
Mar 27, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50332097#msg50332097
Mar 17, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50208194#msg50208194
Feb 26, 2019 - Community Project - NewEnglandcoin Graphic Redesign Bounty Initiated https://bitcointalk.org/index.php?topic=5027091.msg49931305#msg49931305
Feb 22, 2019 - Dev Policy on Checkpoints on NewEnglandcoin https://bitcointalk.org/index.php?topic=5027091.msg49875242#msg49875242
Feb 20, 2019 - NewEnglandCoin v1.2.1 Released to Secure the Hard Kork https://bitcointalk.org/index.php?topic=5027091.msg49831059#msg49831059
Feb 11, 2019 - NewEnglandCoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork https://bitcointalk.org/index.php?topic=5027091.msg49685389#msg49685389
Jan 13, 2019 - Cheetah_CpuMiner added support for CPU Mining on Mac https://bitcointalk.org/index.php?topic=5027091.msg49218760#msg49218760
Jan 12, 2019 - NENG Core v1.1.2 Released to support MacOS OSX Wallet https://bitcointalk.org/index.php?topic=5027091.msg49202088#msg49202088
Jan 2, 2019 - Cheetah_Cpuminer v1.1.0 is released for both Linux and Windows https://bitcointalk.org/index.php?topic=5027091.msg49004345#msg49004345
Dec 31, 2018 - Technical Whitepaper is Released https://bitcointalk.org/index.php?topic=5027091.msg48990334#msg48990334
Dec 28, 2018 - Cheetah_Cpuminer v1.0.0 is released for Linux https://bitcointalk.org/index.php?topic=5027091.msg48935135#msg48935135
Update on Dec 14, 2018 - NENG Blockchain Stuck Issue https://bitcointalk.org/index.php?topic=5027091.msg48668375#msg48668375
Nov 27, 2018 - Exclusive for PC CPU Miners - How to Steal a Block from ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48258465#msg48258465
Nov 28, 2018 - How to CPU Mine a NENG block with window/linux PC https://bitcointalk.org/index.php?topic=5027091.msg48298311#msg48298311
Nov 29, 2018 - A Warning to ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708
Disclosure: Dev Team Came from ShorelineCrypto, a US based Informatics Service Business offering Fee for service for Coin Creation, Coin Exchange Listing, Blockchain Consulting, etc.
submitted by honglu69 to NewEnglandCoin [link] [comments]

[uncensored-r/Bitcoin] /r/Bitcoin FAQ - Newcomers please read

The following post by BinaryResult is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
reddit: /Bitcoin/comments/6jlop4
The original post's content was as follows:

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
  • Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary.
  • Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
  • Accountable - The public ledger is transparent, all transactions are seen by everyone.
  • Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works.
  • Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
  • Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
  • Low fee - Transactions fees can vary between a few cents and a few dollars depending on network demand and how much priority you wish to assign to the transaction. Most wallets calculate the fee automatically but you can view current fees here.
  • Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
  • Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.
  • Pseudonymous - No need to expose personal information when purchasing with cash or transacting.
  • Secure - Encrypted cryptographically and can’t be brute forced or confiscated with proper key management such as hardware wallets.
  • Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being met
  • Nearly instant - From a few seconds to a few minutes depending on need for confirmations. After a few confirmations transactions are irreversible.
  • Peer-to-peer - No intermediaries with a cut, no need for trusted third parties.
  • Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply remembering a string of words for wallet recovery.
  • Scalable - Each bitcoin is divisible down to 8 decimals allowing it to grow in value while still accommodating micro-transactions.
  • Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiat
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
  • If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, there are many software wallet options here. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor or Ledger is recommended. A more advanced option is to secure them yourself using paper wallets generated offline. Some popular mobile and desktop options are listed below and most are cross platform.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
  • If you prefer to let third party "Bitcoin banks" manage your coins, try Coinbase or Xapo but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
  • 1-3% savings over credit cards or PayPal.
  • No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
  • Accept business from a global customer base.
  • Increased privacy.
  • Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin ?BTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (?L) or micrometre (?m)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
  • 0.02 BTC
  • 20 mBTC
  • 20,000 bits
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

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

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

/r/AskHistorians Guide on Finding Family Military Service Records and Military Identification

Hello everyone! We get a fair number of questions here the relate to family history, and specifically military service. There is often little that can be done however, aside from pointing someone in the right direction for their own research, so with that in mind, I've been working for the past few weeks on putting together a guide on retrieving military service records, as well as identifying from photos or uniforms just what Gramps or Grams was doing in the war. This guide will be permanently available on our Wiki (And don't forget to try /Genealogy too for these things!), but it is still a work in progress.
I'd first like to give a major shout-out to the users who helped me by writing out the procedures for several foreign countries I was unfamiliar with (See below), as well as all the flairs who offered their advice and critique. There is still more to add, so I welcome additions from countries that are not yet listed, or suggestions for how to improve sections already here, since I might have made a mistake or two. I'd especially welcome improved resources for the non-American Identification sections, as in many cases I was hard pressed to find quality material to include.
Anyways, without further ado, here you go!

United States

Requesting Records:

The US government makes available the basic records of service members to next of kin through the National Archives and Records Administration. The most common request is for the DD-214, Certificate of Release or Discharge from Active Duty (or earlier, comparable document). As the next of kin, this can be requested online through the National Archives free of charge. Some records are made available online through the Archival Databases.
Be aware that, due to a fire in 1973, the records available are incomplete, with a significant amount of loss occurring for US Army records during World War II (Other branches were not affected). The government has done their best to reconstruct the data from other sources, but it is quite possible that a request cannot be fulfilled, so take that into account when you submit the request for a DD-214.
If you are not the next-of-kin (researching an uncle, for instance), since records that are 62+ years old are considered archival, they are accessible to the general public (which you count as if you are not a parent/spouse/child/sibling), but as a non-relation, require a fee, which varies with the amount of paperwork requested. Non-next of kin must use the SF-180 form to request the records. Full procedure can be found here.
For records of service prior to World War I, however, the process is slightly different, and while still ordered online, it is done through here, and there is a fee attached regardless of being related or not. An alternative, although not always guaranteed, is to go through a service such as Ancestry.com, which has digitized tons and tons of records and makes them available to their paying subscribers. You can often find muster rolls and other military records in their collection, spanning from the Revolution up through World War II. While there is a cost associated with the service, they offer free trials, and often open up the military records to free accounts on military holidays such as Memorial Day or Veterans Day.

IDing Photos or Uniforms:

If you are looking to try and identify information based off of a uniform or from a photograph, these resources may prove to be of use.

Ranks and Awards

Branch Rank Medals/Ribbons/Decorations
Army Army Insignia, see also Army Campaign, Service, and Personal Decorations
Navy Navy Insignia Navy Medals and Ribbons
Marines Marine Insignia Marine Awards and Decorations
Air Force See Army pre-1947 Air Force Insignia Air Force Awards and Decorations
Coast Guard Coast Guard Insignia USCG Awards (See also US Navy)

For Units and other Info, See Also:

US Army Branch Insignia, US Army Division Insignia, US Army Brigade Insignia, US Army Field Group and Field Army Insignia, Other US Army Insignia, Obsolete Badges and Awards, WWI Era Markings.
US Navy Badges, List of US Navy Ships, Naval Squadrons and Inactive Squadrons, WWI Era Markings.
US Marine Corps Regimental Insignias, USMC Badges
US Air Force Squadron Emblems, US Air Force Badges
US Coast Guard Units, Insignia, Badges, and other Information

Canada

Requesting Records

Library and Archives Canada holds records for Canadian military service dating back to the 1700s, and are working to digitize their records, with much of that from 1918 and earlier already accessible online here. Records from post-1918 are restricted, and may only be accessed under certain conditions, but is accessible to the veteran themselves, or next of kin if deceased. If you wish to request copies of military service files for post-1918, including World War II, you can find more information on the process here.
As with American records, an alternative, although not always guaranteed, is to go through a service such as Ancestry.ca, which has digitized tons and tons of records and makes them available to their paying subscribers. While there is a cost associated with the service, they offer free trials, and often open up the military records to free accounts on military holidays.
In the case of a person killed in action, the Commonwealth War Graves Commission includes a searchable database of all persons killed in action in the various British and Commonwealth forces during the World Wars, which includes some information.
The Red Cross files for the WWI prisoners are available on the ICRC.

IDing Photos or Uniforms:

If you are looking to try and identify information based off of a uniform or from a photograph, these resources may prove to be of use.

Ranks and Awards

Branch Rank Awards
Canadian Army Canadian Army Insignia Current Awards and Medals and Decorations
Royal Canadian Navy, for post-1950 see here Navy Ranks Current Awards and Medals and Decorations
Royal Canadian Air Force RCAF Ranks, see also Current Awards and Medals and Decorations

For Units and other Info, See Also:

Canadian Army Rank and Appointment Insignia, Canadian Army Cap Badges, and more! World War I Patches.
Royal Canadian Navy Trade Badges, Index of Ships, Fleet air Arm Crests
RCAF Crests, Logos and Insignia

United Kingdom

Requesting Records

Military service records from prior to 1920 are available through the British National Archives, specifically for World War I service, and for service through 1913. Much of the information is accessible online through Ancestry.co.uk or FindMyPast.co.uk, which do involve fees, although the sites offer free trial periods and periodically make military records free to everyone for certain holidays. Documents can be accessed free of charge by visiting the Archives, but copies do cost money, whether done in person or by request Be aware that some records may have been destroyed by during the bombings of London in World War II.
Post-1920 records are requested from the UK Government, and can be requested by the next of kin. The spouse of a service member may request the records if they are deceased (and the service member themselves), but all other persons pay a £30 fee.
In the case of a person killed in action, the Commonwealth War Graves Commission includes a searchable database of all persons killed in action in the various British and Commonwealth forces during the World Wars, which includes some information.
The Red Cross files for the WWI prisoners are available on the ICRC.

IDing Photos or Uniforms:

If you are looking to try and identify information based off of a uniform or from a photograph, these resources may prove to be of use.

Ranks and Awards

Branch Rank Awards
British Army Army Ranks, see also Current Awards, and Medal Ribbons
Royal Navy Navy Ranks Medal Ribbons
Royal Marines RM Ranks Medal Ribbons
RAF RAF Ranks, see also Medal Ribbons

For Units and other Info, See Also:

British Army Corps and Regimental Insignia, British Army Division and Brigade Insignia, Regiments c. WWI, WWII Era Formation Badges, Standards and Cap Badges. For Victorian Era Ranks.
Royal Navy and Royal Marine Badges, Royal Navy Badges and Insignia, Royal Navy Ships, Ship and Sub Badges, Fleet Air Arm Badges.
Royal Marine Unit Insignia, and Badges Generally.
Royal Air Force Badges and Insignia, Distinguishing Insignia, Squadron Crests, List of Squadrons, Air Historical Branch

Australia

Requesting Records

Australian military records can be found through both the Australian War Memorial and the National Archives of Australia. Records for more recent service are requested through the Department of Defense.
The Australian War Memorial provides for the searching of various rolls, and provides basic biographical information off of them, such as with this example or this one. Many of the records are digitized.
The National Archives of Australia holds service records from the through World War II. Boer War, World War I, and World War II records are digitized and can be viewed online. Navy Officers and Petty and Enlisted Men are digitized as well in a separate collection. To order physical copies of documents, select "Request a Copy" on the Item Detail Page in RecordSearch
Korean and Vietnam records are held by the Department of Defence. They are searchable, but the original documents are not digitiezed. Copies can be requested through the National Archives of Australia.
In the case of a person killed in action, the Commonwealth War Graves Commission includes a searchable database of all persons killed in action in the various British and Commonwealth forces during the World Wars, which includes some information.
The Red Cross files for the WWI prisoners are available on the ICRC.

IDing Photos or Uniforms:

If you are looking to try and identify information based off of a uniform or from a photograph, these resources may prove to be of use.

Ranks and Awards

Branch Insignia Awards
Australian Army Ranks Medals and Awards
Royal Australian Navy Ranks Medals and Awards
Royal Australian Air Force Ranks Medals and Awards

See Also:

"It's An Honour", "Researching Australian Military Service, Australian Campaign Medals, AIF Badges, Badges and Emblems
List of RAN Ships, Navy Badges
RAAF Squadrons and Crests, RAAF Squadron Badges.

New Zealand

Requesting Records

Archives New Zealand holds NZ Military files through World War II, collected into various series, which can be accessed on their website. Most documents through World War I are digitized, and original documents can be accessed in person at the Archives:
Archives New Zealand, National Office, Wellington 10 Mulgrave Street Wellington 6011 04 499 5595 [email protected] 
Copies may be made of the documents during your visit using personal cameras.
Many World War II Files are in the New Zealand Defence Force Archives, and are not all digitized. They can be accessed in person at the Archives, or copies requested by contacting them at:
NZDF Archives Personnel Enquiries Trentham Military Camp Private Bag 905, Upper Hutt 5140 04 527 5280 [email protected] 
Some digitized files can be viewed through the Auckland War Memorial Museum.
In the case of a person killed in action, the Commonwealth War Graves Commission includes a searchable database of all persons killed in action in the various British and Commonwealth forces during the World Wars, which includes some information.
The Red Cross files for the WWI prisoners are available on the ICRC.

IDing Photos or Uniforms:

Ranks and Awards

See British Rank Insignia. New Zealand Ribbons / Medals

For Units and other Info, See Also:

New Zealand at War, Veteran's Affairs
NZ Corps Badges, WWII Patches

Netherlands

Requesting Records

For records prior to 1900, the best sources are the Central Bureau for Genealogy (CBG) and the National Archives (NA). The CBG website is easy to use; for the NA you may find contacting them by phone or mail easier. The Netherlands Institute of Military History (NIMH) also may have some information, though "[w]hat the NIMH mainly has to offer is a wealth of general information about life in the military in the past". Note that the information provided here has been taken from the various NIMH pages available via the link above.
There are a few specialized databases, such as this one containing information concerning sea-voyagers (including soldiers) upon ships between 1700 and 1795 who sailed to the Orient, a database of Dutch soldiers in service of Napoleon 1810-1813, and Officers' name and rank lists (1725-1989) (the latter two only available in-person at the NIMH).
For records of people born after 1900 you have to contact the Semi-static Archives Services of the Ministry of Defence. This can only be done in writing. You need to include the full name and date of birth of the person you are looking for, as well as a copy of your own identity document. The address is:
Netherlands Ministry of Defence Afdeling Semi-Statische Archiefdiensten (SSA) (Semi-static Archives Services) P.O. Box 7000 6460 NC Kerkrade Netherlands 
There are separate records for members of the Royal Netherlands East Indies Army (KNIL) born after 1900. These records are kept by the Stichting Administratie Indonesische Pensioenen (SAIP) (Foundation for Registration of Indonesian Pensions) (link in Dutch)
(Kudos to Polybios)

IDing Photos or Uniforms:

If you are looking to try and identify information based off of a uniform or from a photograph, these resources may prove to be of use.

Ranks and Awards

For World War II Era Army, Naval, and Air Force Insignia, see here. Additionally, many Dutch pilots flew in squadrons organized by other allied powers. For Dutch India Colonial Insignia. Handboek Onderscheidingen (Handbook Decorations [PDF, Dutch] includes pictures of all medals and ribbons awarded to Dutch military personnel.

See Also:

Orders, Decorations and Medals of the Kingdom of the Netherlands, Dutch Ribbons, Military Insignia
Ships of the RNN

France

Requesting Records

A lot of the records up to WWI have been digitalised and published on the sites of the Archives Départementales.
To find the man you're looking for, you need to know 1) his year of birth, 2) where he was living when he was 20.
Once you know that, you calculate his "classe", which is his birth year + 20 years. Then you find from which "Bureau" his location depended from (a few Bureaux were set in a different département). Using the "Tables alphabétiques", you find his "numéro matricule" (serial number), then in the "Registres matricules", you find his personal record using said number.
Records for people born after 1901 are not publically available, so you have to prove your close family link with the person, unless you can prove that he's been dead for more than 25 years.
Mémoire des hommes has databases for the soldiers dead during the 20th century wars and war burials. You can also find the regiment diaries for WWI, and part of the (currently being indexed) registries for Napoleon's army.
La base Léonore contains the files for the recipients of the Légion d'honneur who died before 1977. (Some files have been lost, though.)
The Red Cross files for the WWI prisoners are available on the ICRC.
(Kudos to snakeling)

IDing Photos or Uniforms:

If you are looking to try and identify information based off of a uniform or from a photograph, these resources may prove to be of use.

Ranks and Awards

Branch Ranks Awards
French Army Pre-1914, WWI Officer and WWI Enlisted, WWII Awards
French Navy Insignia Awards
French Air Force Insignia Awards

For Units and other Info, See Also:

Army Collar Insignia, Beret Insignias
Air Force Insignia

Germany

Requesting Records

For members of the former Wehrmacht, one can request all of their records with the Deutsche Dienststelle (WASt). However, it is not possible to obtain records of surviving combatants without their permission. It is only possible to obtain information on members of the former Wehrmacht who died either in the field or in captivity, and then only with permission from the next of kin. There is an associated cost, depending on the difficulty and amount of records requested, but it is around 20€ to 30€.
The Federal Archive - Branch Office Ludwigsburg (Central Office for the Investigation of National Socialist Crimes, e-mail: [email protected]) houses data on units involved in war crimes, the scenes of these crimes, suspects and culprits, as well as persons who were mentioned in the investigations of said crimes. Therefore, it might be useful to check these archives if the searched person was part of units suspected of war crimes.
The Federal Archive - Department MA (Military Archives) houses files on :
However, this needs to be taken with a grain of salt. The Department MA has lost vast amounts of its files due to war. Most of the files are war diaries written by army commanders and files on the navy.
Department R (Reich) has the largest pool of documents (from almost all eras), but these are mainly of a civil administrative nature (justice, finance, etc.).
Kirchlicher Suchdienst is focused on persons from the former eastern territories, the Balkans or the Baltic states. It also has an archive of letters, including letters from war captivity. May be costy.
Volksbund Deutsche Kriegsgräberfürsorge e. V. an provide useful information when looking for war graves.
Additionally, the German Red Cross Tracing Service offers services that allow one to trace any missing person, be it civilian or military. This may not be the best place to look for military records, but it is a good start nonetheless.
(Kudos to ScanianMoose)

IDing Photos or Uniforms:

If you are looking to try and identify information based off of a uniform or from a photograph, these resources may prove to be of use.

Ranks and Awards

Branch Insignia Awards
German Army Deutsches Heer, Reichswehr, Heer Imperial, Third Reich
German Navy Kaiserliche Marine, Kriegsmarine Imperial, Third Reich
German Air Force Luftwaffe Third Reich
Waffen-SS Insignia Third Reich

For Units and other Info, See Also:

Badges, Insignia, and Other Stuff, Wehrmacht and SS Militaria
(1871-1918) German Army & Navy Uniforms & Insignia
Kaiserliche Marine Badges,
submitted by Georgy_K_Zhukov to AskHistorians [link] [comments]

[Table] IAmA: We are the Firefox User Experience team, this is your chance to tell us about your pet peeves!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-03-08
Link to submission (Has self-text)
Link to my post
Questions Answers
What are you replacing it with? Feel free to take my notes as suggestions for operations which I hope are [easily] possible with whatever mechanism replaces this. I don't think we'll be encouraging plugins at all, it's not something we believe is part of the web. It was a necessary evil back in the 90s, but browsers can do pretty much anything a plugin is capable of these days.
I like you guys. We like you too.
Hm... not sure I agree with that sentiment. I'm no fan of plugins in most cases, but it seems like there are quite a few businesses which use them for various reasons, and you might be closing off a large part of the market without the feature. They'll still be able to install plugins — it's just that we are not going to go out of our way to convince you to install the plugin — that's their job. ;)
Now kiss. Link to i.imgur.com
I am a user of google chrome. what would make me switch to firefox? Firefox is built by Mozilla, a non-profit organization who's mission is to make the web better, more open, and more accessible, for everybody.
We have no interest in making money off of you. We're interested in making your web experience better, safer, and more secure.
If a choice came to us where we had to choose between making boatloads of money, or making things better for our users, we would 100% always choose making things better for our users. Every time.
If we had shareholders, they'd probably crap themselves. That's why we don't have them, and will never have them.
So, I guess there's my pitch. Our browser is built for you, and not as a vehicle to make us money. We'll never compromise on your safety, privacy, or security.
Plus, we're community driven. Come join us. :\)
Now lets talk on the technical side, Why switch from chrome to Firefox from a technical point of view? There are a couple of angles on this. First of all, we're 100% open source. You can read all of Firefox's source code. Every byte in the compiled binary is public for you to gawk at. And help with.
Chrome is not this way. The Chromium project, which Chrome is based on, is open-source, but then they take the Chromium code, pump in some other things that are closed (their own home-brew of Flash, and some other stuff), and that's what becomes Chrome.
Other technical reasons...our add-on ecosystem is far richer, and our add-ons framework is far more powerful... we tend to use less memory than Chrome (I'm serious) since we don't copy the process per tab...
There are more reasons I could list, but I also have a huge backlog of questions to answer. :)
Whose mission* I stand corected.
I love Firefox, and it is my primary choice for browsing. The one feature that bothers me though is that if I want to go to Private Browsing (Ctrl+Shift+P), my current window disappears. This can be annoying especially when I have a video open and when I get back to normal browsing it starts from the beginning and not where I left it. Have you thought about changing this practice so that a private browsing page opens completely on a new window? Thanks. Yes we have, and you can try per-Windows private browsing in Firefox 20 beta, Link to www.mozilla.org
It has been fixed, and is coming to Firefox in version 20, if I remember correctly.
Starting in Firefox 20 (currently in beta), we support per-window private browsing! You can get the beta here to use it today: Link to www.mozilla.org
I use a dark windows theme. Any way to fix this? File a bug! Link to bugzilla.mozilla.org
Why is there no Windows 64 bit version of Firefox? 64bit Firefox isn't a priority, as there are few benefits, and it's alot of work when there are other, large and more important projects to work on. 32bit Firefox runs well on 64bit windows for the time being.
Do you have to have a degree to apply for a design job at Mozilla/Firefox? or can you apply if you have relevant experience? Thanks for doing this AMA :) We have lots of people that are school dropouts, so it's certainly not a requirement. If you're talented, we'd love to talk to you!
Hey guys. Long time Firefox user but it is a bit of a memory hog. Any plans to slim it down? Yep, we've been tracking that, and have made some improvements. Of course, if you have the memory, doesn't it make sense to trade some higher memory usage for better speed?
We are always working on improving memory usage in Firefox (we have a team called memshrink working on it in every release). Have you tried Firefox 19 after a Firefox Reset?
We've been slimming down Firefox a lot in recent months - we call it the MemShrink project.
And we've been making pretty decent strides! See areweslimyet.com for a graph of our progress.
I should also point out that add-ons are almost always the first suspect when it comes to memory leaks and consumption. We've made that a bit better in recent versions of Firefox (since Firefox 15\).
At the moment, Firefox generally does better on memory than any of the other browsers in independent tests. So yes, it's a lot better these days, and we keep working on it! Check out the MemShrink project.
What happened to Australis? Why we have different tab style between Thunderbird and Firefox? Link to i.imgur.com
Wow it's beautiful! When will it come to Linux? Hey - I'm working on the Linux GTK port as we speak.
Curvy tabs are currently available in our UX Nightly builds.. Your distro might have UX in its package universe too, if you didn't want to grab the nightly from us.
Did you see that guys? limi rick-rolled us! I tried to be subtle about it. ;)
Will there be an option to turn of curvy tabs for those who don't want it? One of the reasons I switched from chrome to FF was because I prefer the current look of the tabs in FF 18. I'm sure somebody will develop a theme to switch you back. Without fail, when we introduce something, somebody in the community introduces an add-on that will switch you back. ;)
But that person will not be me - I'm biased, but I quite like the new tabs.
Have to use? Are you limited in what version of Flash you can use? Yes. The NPAPI version. IE does ActiveX, Chrome does Pepper.
Hey, not really much of a poster, but I love Firefox and as a graduating senior (related to this field), I figured I might get in on the act. What do you guys see as the single most important thing a person trying to get into the UX field can do to better themselves? Experience.
Build a product with someone, put everyday people in front of it, and watch it fall apart as they try to use it. Then, iterate until it doesn't. :)
Have a design process that you are able to communicate clearly to others. Even better if your design process is research-driven. :)
Why doesn't audio go through the browser as a middle-man so the browser knows which tabs are blaring music, etc? (And so you could mute a tab). Because Flash.
(Yes, I'd love to have this fixed too)
Because the NPAPI that Flash uses to hook into Firefox doesn't allow for this.
And we could spend resources altering the API and convincing Adobe to change Flash to work with it (unlikely)...
Or maybe it's time to do something a little webbier with Flash, like we did with PDFs...
Are any of you guys working on Firefox OS? I've contributed a teeny-tiny thing to Firefox OS, but that was just in my spare time.
If so how do you feel about jumping into this field as its a huge undertaking! I don't want to speak for the whole community, but I think it's safe to say that we're pumped. According to some of the old hands in the community, this feeling very much resembles the one we had before diving into the desktop browser world, and taking on IE. Gonna disrupt mobile and open it up. Feels good.
A sign of a close-interlinked company. IMO, more accurately, the sign of a vibrant, healthy, exciting community. Community > company.
An explicit goal for Firefox OS is to run well on low-end hardware.
INTEGRATED VOLUME CONTROL!!!? I would PAY for that! So would we! Unfortunately, it's pretty hard to do when Flash works the way it does.
I believe currently the entire interface currently uses CSS to mimic the native platforms UI. This is only partly true. Yes, we define the interface using the XUL language and CSS, but for certain things, we defer to the operating system to tell us how to draw things.
For example, I'm working on getting the tabs into the titlebar on OSX. The titlebar that we're using in this build is a XUL hbox with the -moz-appearance CSS property (non-standard) set to -moz-window-titlebar.
When we do that, we signal Gecko's widget layer that we want this to look like the native titlebar, and the code responsible for Cocoa widgetry takes care of painting that for us.
The same is true with things like progress bars. Those are XUL progressmeters, but we're definitely not drawing those ourselves.
The upshot about this is that we can (usually) use the same XUL across each platform, and then let the CSS and widgetry layer define how we paint it.
Things like scrollbars and bounce behaviours are pretty hard, but we're getting there. We've recently hired more Cocoa talent to work on this stuff, so you might start seeing it sooner rather than later.
Speaking of, if you're interested in trying tabs in the titlebar on OSX, a demo version should be appearing in tomorrow's UX Nightly builds...
I hope I answered your question!
Awesome! Any idea when it make it into the release version? I currently open Chrome when I need a clean private session. According to the release calendar, Firefox 20 moves to the release channel on April 1st. (And no, I'm not joking. :) )
Install a tracking cookie that alerts you to when I try do download another browser and then makes me click a whole bunch of "are you sure?" windows. Good idea. Maybe throw in a toolbar too. :D.
I have to restore last session to get my tabs to reopen. Ah, you mean that if there's a stray window and you close what you think is the last window, you lose your session. There is a timer (I believe) that is supposed to fix that, so have you experienced it lately?
If i somehow miss a stupid popup window (why do some websites still use those fucking things?) when closing firefox i lose that session, its annoying as all hell. If/when that happens, you can access the History menu (via the Firefox button in the top left on Windows or the menu bar on OS X) and reopen your window(s) from the Recently Closed Windows sub-menu.
I understand that your main source of revenue is referral fees from the search bar at the top right of the page. I like google as my search engine. I'm wondering, if I set my homepage (or go) to google and search from their bar directly, does Mozilla still get the referral fee? No, you have to use either the built-in search box, enter your search in the URL bar, or use our built-in home page (about:home). At least as far as I know, I'm not on the business development team. :)
Thanks for the reply! I'll keep going top right. Top left works too. :)
Thanks for the support! :) You also have the ability to donate directly to the foundation.
Or you can come get involved! Firefox is powered by the community, and we always want more. You don't need to be a coder - we need help with testing, support, triage...all sorts of stuff.
Come join us. :)
Edit: accidentally a word.
What kind of user testing do you guys do? Do you do in-lab studies, field work, focus groups? Hi! I'm a Senior UX Researcher at Mozilla.
We use a huge range of user research techniques. The primary ones that we use (in no particular order):
Qualitative, ethnographic interviews in the field (esp. in participants' home or office)
Diary studies.
Quantitative surveys.
Studies of user behavior using Test Pilot and Micropilot
User testing.
In terms of how we implement and use these techniques, we prefer to use multiple techniques within a single project (for example, a series of qualitative interviews, a diary study, and a quantitative survey). Using multiple approaches, allows us to answer questions that we can't answer with only one technique. Also, multiple approaches allows us to triangulate and validate the results from the different techniques among one another.
We do not have a lab nor do we intend to use one in the near future. As much as we are able to do so, we are firm believers in observing and understanding the actual context in which people use our products.
Saving images is slow, and I cannot figure out why. I usually just save pictures that are ALREADY DISPLAYED. Why is copying the file out of the cache folder 1000x fasater than right-click->save as? Your anti-virus software, if you have any, might be at fault here. Try disabling it, and seeing if this persists.
That's a good question. Did you file a bug? Link to bugzilla.mozilla.org
Also work in a support, and very often advice people to change to Firefox. Your new .pdf browser really makes the difference when having to choose between Chrome and Firefox, when changing from IE. Link to limi.net
As for improvements to it, my biggest issue was that if you opened a ton of tabs\windows (to the point where it became slow), you couldn't speed it up again by just closing tabs\windows. The only reason I can think this happens is that the tabs are kept in memory until you restart the browser. Perhaps I'm wrong, but if that's the case, couldn't you just keep a list of the closed windows\tabs page addresses, and re-connect to them? If not, go to Link to support.mozilla.org and we can help fix those crashes for you. Just making sure, you did a reset too?
If you enter "about:crashes" in the URL bar, you should see a list of reported crashes. If you've still got entries there, post a few recent IDs here (or PM me), and I'll take a look to see if it indicates what might be wrong.
Chrome starts up almost instantly... Firefox always takes a good 5-10 seconds to start up... just wondering if you guys have plans to implement faster start up? That's an unacceptably slow start time. Have you tried resetting Firefox?
If Firefox takes 5-10 seconds to start up, there's definitely something wrong.
Try updating to the latest version, and then Reset Firefox?
Link to support.mozilla.org
I don't see any way to pop them out into another window like Chrome, which is extremely helpful. On the latest Nightly, there is a button next to the close button of the Devtools console that pops it open into a new window. Not sure what release this is in, but it's coming.
I don't see anything for profiling JS/CSS/etc A JS profiler has been added to Firefox 20, currently in beta.
When there is too much horizontal pressure on the tabs, Firefox uses a carousel combined with a drop down that shows all the tabs. IE will use a carousel without a dropdown. Chrome will just shrink the tabs and will eventually prevent you from browsing any new tabs created. What were the reasons that lead you towards selecting a carousel and dropdown? What kind of telemetry do you see with users actually filling the tabs and using the overflow features? Do they use the dropdown often in those cases, or rely more often on the carousel? Actually, we have plans for improving that part. Most of it was done before we had any user behavior information at all, and it turns out it's not exactly optimal. (Not that other browsers do better :)
I was under the impression that tab groups were more or less unsupported at this point. Eg, nobody working on fixing bugs or improving the integration with app tabs and other things. Is this not true? What are the future plans for them? It is kind of stopped now since we are figuring out a plan to move it forward. It's definitely on the list of things that need some design love :)
Any plans to integrate support of Remote Web Workplace? I'd never use IE again if I could initiate "Connect to a Computer" option through remote web workplace on Mozilla. I'm not sure but I think its ActiveX. You are correct, Remote Web Workplace is ActiveX. ActiveX cant be run in Firefox and there are no plans to integrate that (It's a proprietary Microsoft technology that is very insecure and bad for the web).
Why do you want to set every fox on fire? Renewable energy.
I have a pet peeve / interface suggestion if that's ok. I kind of dislike that the options window is a separate, "pop-up" window, and not integrated into a tab (kind of like the add-ons manager is). Is it possible to change this in the future? While not a programmer myself, I understand enough that, probably, the first method one might consider in making this happen is to allow changing of settings via html or whatever (so that it could be put into the tab like a webpage might), but that could open firefox up to security vulnerabilities and other problems. One reason I would like to get rid of the popup options window though is that I sometimes need to change my font size minimums in order to view some pages properly. I prefer to leave them around 18-point for better readability, but some sites' formatting makes the words/labels bleed out of their boxes that they've so strictly designed to fit 12-point and nothing else. So I was thinking it might be nice to leave the options window open... but you can't do anything like browse or change tabs while it is open as a popup, especially when it stays on top of the browser window. If it was a tab though, it would be no problem. Also, I am aware of, and use, add-ons like No-Squint and such, but they don't always help due to a page's "over-done formatting". Plus I guess I just kinda have my own way of doing things though, you know? Well, there's my $0.02. We're doing exactly that! The preferences will be moved to a tab.
Guys I really do not have any. I love firefox. But if I had to ask you...You guys ever thought about incorporating ghostery into the standard package? We've made several changes in that direction (e.g. Do Not Track), and stopped accepting cookies from third-party providers (unless you have visited their site already). Implementing all of what Ghostery does would probably massively break the web. When you have a few hundred million users, you have to move carefully with these things. The web is (for better or worse) an advertising economy.
As for me personally — yes, I think we need to do even more. But it's more complex than it appears at first glance. :)
I use a master password in FF, but when the wrong pass is entered cookies are still retained, so another user could get into Facebook (for example). I know I can log out of FB daily but that sucks. Can we make the master password close the cookie jar? Yeah, Master Password needs a redesign.
Blake can you link me to bugs/wikimo pages about that? Looks like it'll have serious implications for my new tab add-on. I don't think there is any of that yet. The prototype is mostly stuff that UX is playing around with to see if we can make that page better for users. But throw me some email (at my username at mozilla.com), and I'll let you know when stuff moves forward…
What are your opinions on the add on Add Blocker and the possible income it takes away from websites? AdBlock actually allows unobtrusive ads, so I like the way it forces ad agencies to play nicer.
For me this is usually just a timing issue. I open it too fast after closing, and it works fine when I try again. So can you not just have the new process wait a second after the first failure and then try again before popping the error? That's a good idea. Yes, something along these lines might be a good mitigating solution.
Why does Firefox eat all my memory? Out of the three web browsers I use Firefox is the most demanding memory wise and usually causes my computer to have problems. Dell Xps M1330 Win 7 64bit ultimate 4GB RAM Intel core 2 duo. Link to support.mozilla.org
Is there a reason that you go with separate search and URL bars, rather than a Chrome-style universal search bar thingy? Historical reasons. And some privacy ones. We do want to merge them.
What is the deal with "Plug in container"? It fucks up all the time and eats all my memory. Ever since you guys added that Firefox has kinda sucked. That's Flash sucking, not Firefox.
Not a peeve, but an idea I'd like to see: Being able to easily identify which open tab is producing sound. More than once I've had to close down my browser because some ad with sound started playing and I couldn't find which ad on which page was playing it. Curiously enough, I just got email about this. Someone has a patch that adds a global volume control, and controls to mute all the tabs, or all the non-visible tabs. So that's certainly something we'll be looking into… :)
I answered this over here.
It's quite annoying when you exit out of Firefox then immediately try to open it again it gives you the "Firefox is already running in another process" error. Other than that, love Firefox! Yeah, that does suck indeed.
What's happening is that Firefox is still in the process of closing, even though the window has disappeared. When you try to re-open Firefox, it flips out, because the first process hasn't finished up yet.
The performance team is working hard on this on the "exit(0)" project. It's a P1 goal. You can track our progress in this bug. (make sure to follow Bugzilla etiquette if it's your first time).
Yeah, this sounds like it is not shutting down fast enough. Try a reset?
Link to support.mozilla.org
That's when I open the task manager and shut down that process. Hold the pillow over it's face. Sleeep... No tears now. I enjoyed this comment. Have an upvote.
Ending the process, I find, works like a charm. Yes, but it shouldn't be necessary! Try the reset. :)
smooth as butter for several hours. Then, after that, everything gets laggylaggylaggy One thing we are considering is to unload tabs you haven't used in hours/days from memory, similar to how we restore background tabs on-demand when you restart.
I never know if Firefox is going to remember my tabs from last time or not. When Firefox starts: Show my windows and tabs from last time.
I'm sure our performance team would be interested in the output of the built-in Profiler, if you can capture it when it's lagging… One thing we are considering is to unload tabs you haven't used in hours/days from memory, similar to how we restore background tabs on-demand when you restart. Here are docs on how to report a performance problem when you come across them: Link to developer.mozilla.org
I wish sync was easier to use/understand. I just want to to put in my username and password and have my browsers sync across all PC's that use. We definitely agree and there is very active work going on to make this happen. Please stay tuned!
Yup, Sync is a bit of a mess, and is being re-done.
One of the things that I wanted to tackle when I started at Mozilla was re-doing sync because I thought it was really cool, but an impenetrable user experience for most users. Turns out, looking at our data it is an impenetrable user experience for most users.
It is in the process of being completely redone and integrating other data services that you would want to sync among your devices.
Sync is such a mess im amazed it got the get-go to roll. I'm an IT guy myself, but even I hate it so much that I use chrome at times when I need this functionality. You're not the only one. I don't think anyone likes it in its current state. (and yes, then the question is… why did it ship?)
Oddly enough, I actually love it in its current state. <3.
One wish: manually control if i want a PDF to be viewed in firefox or downloaded. It seems that the website usually decides this and it is annoying as hell when they guess wrong. Thanks! You can tell Firefox what to do with PDFs in the Options (or Preferences) dialog, under the "Applications" pane.
Find "PDF" in that list, and then set the action on the right.
I don't know if this is a known bug, but anytime I'm on a page with a Flash player, particularly YouTube, I can no longer use my computer's volume control buttons. Flash integration is always a pain, and especially around focus issues. Flash is allowed to steal keyboard shortcuts etc, which is very frustrating. It was our #1 paper cut issue three years ago, and it still is. Luckily, Flash is slowly disappearing. That doesn't mean we shouldn't do everything we can to fix this issue in the meantime, though. (Both IE and Chrome have a different version of Flash than the one we have to use, which makes things complicated.) This has been a reoccurring issue since Flash 11.3 was released. Can you go to about:addons and see what version of Flash is installed? I just checked mine and I actually had 2 (?!) versions of Flash installed (11.5 and 11.6). Uninstalling Flash through the Control Panel (on Windows) and reinstalling clean from Adobe's site gave me Flash 11.6 and I can no longer reproduce the bug. I hope that helps.
Works fine in IE, and Chrome, but not in Firefox.
I feel like it's the only thing that truly bugs me about the browser. Other than that, great work, I don't think I'll be changing anytime soon.
Flash hijacks most keyboard input, so even commands like control-w (to close the tab) don't work. I know this has an open ticket (and has for a while) but I would really love to see it fixed. Me too!
We have people working on it as we speak! You will see a better new tab soon. And for now you can hide the boxes by clicking on the grid thing on the upper right of the page. A terrible-looking example of one of the designs we're looking into is at this prototype page.
I use Firefox for porn, thanks. If you're not using Firefox Beta, Aurora, or Nightly, then you're in for a treat when you check them out.
EDIT: Fuck yeah, thanks for the reddit gold! We now have a new implementation of our Private Browsing that will open in a separate window instead of swapping your current browsing context.
If you're not using Firefox Beta, Aurora, or Nightly, then you're in for a treat when you check them out. We now have a new implementation of our Private Browsing that will open in a separate window instead of swapping your current browsing context. Engagement rings for everybody!
I was kinda confused when I would do my normal Ctrl Shift P and it now pops up a Private WINDOW instead of closing the regular window altogether and opening a purple private one. Now it's just too easy to close up when you're done. You don't have to restart all your tabs! I get kinda confused when I hit Cmd-Shift-[ to switch tabs, and get a new Private Window, cause my fingers are shifted over a key… ;)
Keep your strong stance on user privacy and you'll have me as a user forever. You can count on it.
We do our best!
But how will we know? ;-)
Having the options and settings in the upper left hand under "Firefox" is confusing and the opposite of Chrome and Internet Explorer in Windows, which leads to training headaches with users. We're moving the menu to the right side, see the Australis redesign project.
I agree, this is ridiculous, and I complain about it every chance I get. Can you say "pet peeve"? :D.
We have lots of people that are school dropouts, so it's certainly not a requirement. If you're talented, we'd love to talk to you! A link to our careers page would probably be useful here, too… ;)
Last updated: 2013-03-13 05:50 UTC
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