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Title: What do you think of CryptoNote? Post by: Moneroman88 on June 08, 2016, 11:30:23 AM Is the technology that cryptonote introduced a noteworthy and important contribution to the cryptocurrency space? Would you consider it one, if not the best, crypto technology that uses advanced mathematical analysis and innovative ideas to empower end-users with true privacy, both financial and personal? Can it shift the current global paradigm through cryptography and egalitarianism?
Title: Re: What do you think of CryptoNote? Post by: bathrobehero on June 08, 2016, 11:49:39 AM Aaaand the monero spam is back with a silly loaded question.
Title: Re: What do you think of CryptoNote? Post by: Moneroman88 on June 09, 2016, 04:16:21 PM Aaaand the monero spam is back with a silly loaded question. I have no idea why you would be interested in derailing my topic the way you did with that unrelated comment but I do wish you well. Let's get back to topic. CryptoNote is not limited to its usage realized through Monero, it is a groundbreaking crypto-technology. I do believe that it is extremely undervalued. Title: Re: What do you think of CryptoNote? Post by: LiberOptions on June 09, 2016, 07:39:34 PM I actually think that they have something great to present, however a lot of people have been passing a very negative impression for some of their currencies because they are accused of premining both BCN and XMR
Title: Re: What do you think of CryptoNote? Post by: Monerobuyer0 on June 09, 2016, 08:20:55 PM I actually think that they have something great to present, however a lot of people have been passing a very negative impression for some of their currencies because they are accused of premining both BCN and XMR Cryptonote is very promising and any fairly launched coins using cryptonote are worth having. Title: Re: What do you think of CryptoNote? Post by: iCEBREAKER on June 09, 2016, 08:47:33 PM Is the technology that cryptonote introduced a noteworthy and important contribution to the cryptocurrency space? Would you consider it one, if not the best, crypto technology that uses advanced mathematical analysis and innovative ideas to empower end-users with true privacy, both financial and personal? Can it shift the current global paradigm through cryptography and egalitarianism? Reading the Cryptonote whitepaper gave me the same Eureka! (https://en.wikipedia.org/wiki/Eureka_%28word%29) feeling as the Bitcoin whitepaper. I didn't expect to experience one, much less two, of those moments in my lifetime. Such elegance! So freaking slick! A truly Holy Grail level "achievement unlocked." Satoshi showed the world a white unicorn, then Saberhagen caught a black one. This breeding pair of formerly mythical creatures are highly complementary. 8) Title: Re: What do you think of CryptoNote? Post by: bathrobehero on June 09, 2016, 10:05:48 PM Aaaand the monero spam is back with a silly loaded question. I have no idea why you would be interested in derailing my topic the way you did with that unrelated comment but I do wish you well. Let's get back to topic. CryptoNote is not limited to its usage realized through Monero, it is a groundbreaking crypto-technology. I do believe that it is extremely undervalued. Hahh, okay, whatever you say Mr. Moneroman. Title: Re: What do you think of CryptoNote? Post by: ArticMine on June 09, 2016, 10:28:25 PM ... Cryptonote is very promising and any fairly launched coins using cryptonote are worth having. Not just any fairly launched coin using Cryptonote. A Cryptonote coin without a tail emission is very vulnerable to becoming insecure when the block subsidy runs out or becomes very small. Cryptonote scales the blocksize by imposing a penalty that is dependent on the block subsidy. Make the block subsidy zero or insignificant and there is no penalty. This creates an effective infinite blocksize. My take is that Bytecoin will provide an early warning of this precisely because of the pre-mine / ninja-mine. Instead of the classic "canary in the coal mine", one can think here of the "canary in the pre-mine / ninja-mine". There is a reason why Monero has a tail emission. Edit: On the related issue in Bitcoin the "small blocksize crowd" in Bitcoin also make a very valid point because of the above issue, since Bitcoin, without a tail emission, needs to create a fee market, likely by restricting the blocksize, in order to ensure the long term viability of Bitcoin. Title: Re: What do you think of CryptoNote? Post by: dNote on June 19, 2016, 10:21:22 PM ... Cryptonote is very promising and any fairly launched coins using cryptonote are worth having. Not just any fairly launched coin using Cryptonote. A Cryptonote coin without a tail emission is very vulnerable to becoming insecure when the block subsidy runs out or becomes very small. Cryptonote scales the blocksize by imposing a penalty that is dependent on the block subsidy. Make the block subsidy zero or insignificant and there is no penalty. This creates an effective infinite blocksize. My take is that Bytecoin will provide an early warning of this precisely because of the pre-mine / ninja-mine. Instead of the classic "canary in the coal mine", one can think here of the "canary in the pre-mine / ninja-mine". There is a reason why Monero has a tail emission. Edit: On the related issue in Bitcoin the "small blocksize crowd" in Bitcoin also make a very valid point because of the above issue, since Bitcoin, without a tail emission, needs to create a fee market, likely by restricting the blocksize, in order to ensure the long term viability of Bitcoin. XDN is a CryptoNote and has a min block reward = 150 XDN. Will keep it static and will try to never reach max.coin value because will implement rules like "1/2 fee burning and recycle". |