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there is a very good new about a Monero hard fork into a new private coin : MonveroV.

https://monerov.org/

MoneroV is a private, untraceable, finite and secure cryptocurrency fork of the Monero blockchain. A split will occur at block 1529810 when MoneroV miners will start to create blocks on the MoneroV network.
The new MoneroV blockchain will contain the history of all transaction up until block 1529810 and all Monero coin holders will receive 10x their XMR balance amount as MoneroV coins (XMV) after the fork.

Among other differences, MoneroV has limited supply of coins while Monero’s coin supply is infinite, and MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies such as Bitcoin.

Would be helpful if you listed which wallets/exchanges would be supporting the new coin.

What is the point of Moverov, more than developers to make some quick money?

I don't see weak spots in Monero architecture and solutions from the new coin.

Seems like MONEROV devs whanna make some easy money . They have a monero name and limited supply , which can affect well on it's price . But what about the main monero feature ? Will this fork bring any security and anonymity improvements ?

Dude, I'm big on Monero, but can you really say there are any weak spots to it?
Heck, even FluffyPony agrees  ;D

It look like another cash grab like bitcoin gold. I see no reason to hard fork Monero. Monero is already doing well.

Very funny of course, I understand that this is the name of some Russian person, because I myself live in Russia and it sounds very funny when they talk about the MoneroV fork, of course everyone has their own opinion on the name.

I have noticed one or not that as soon as the coin has more demand and is in the leadership positions, then it is fork. It's like a way to distract from the main and translate attention. On the one hand, of course, it's not bad that all new coins appear, but on the other hand, as practice shows, no fork ever became better than its parent.

So the only real difference is the finite supply... but as we already know by now, the capping of issuance doesn't necessarily equate to hard scarcity (now even with lightning network we can look at sub-satoshi micropayments for example). I really like Monero, and simply don't see the value of a hard fork which the community has never asked for. I won't even bother with trying to claim this one. Like people are saying, hardforks are happening when a coin gains popular use. Cheap free profits, let's not encourage it.

Monero had good potential,so MoneroV also get the more investors soon.To get more coin you have to get into very start level.If any coin get into market,you have to analysis it very well.If the base is seems good,you can buy that at low price and keep it for your future.

Monero is a coin with high transactions privacy by itself. What are the reasons to make a fork of it? Maybe you could explain in a few words why MoneroV will be better than Monero so we could understand if it worth to read the whole whitepaper?

2017 was the year of bitcoin forks, now 2018 is going to be monero forks  :D
Can't see any reason for this other than developers trying to get some easy money. Unless they add some extra features on top or fixing a problem that monero was suffering from it will be difficult to get behind this project and invest in the new coins.

I went over their PDF and was surprisingly relieved tbh -

"MoneroV will adhere to core Austrian school of economics principles by capping the total MoneroV coins that can be
created, parting with Monero’s infinite coin supply structure." - This I very much like, same as bitcoin being finite.

"MoneroV will issue bounty programs for top-tier developers and researchers to
rapidly develop all aspects of the MoneroV network." For anybody into Monero, this is quite an important part.

".. plans to tackle the scaling issues, which is the main source of problems in Monero, and
in all cryptocurrency coins for that matter, and integrate the MimbleWimble protocol so that the
blockchain size will be bound to the number of users using MoneroV (not the number of
transactions being made in the network)." Now this is really ambitious (might be too - ambitious?) and should take a couple of years if they are serious.

"For example.. the centralization of decision making that prevents the implementation of new features, the scaling issue of a bloated blockchain, the high transaction fees, and the growing
hash rate that is mainly based on mass usage of botnets and unsuspected browser based miners
that prevents genuine miners to compete." Hit the nail on these, but again, how will it be actually solved?


In any case, I'd recommend waiting and seeing their code before all else. But it's safe to say that this looks somewhat legitimate and might even be coming from within the Monero community.
This are all issues people there are worried about, but will come down to if they would really release code, open source wallets we could all check etc.

At least I have some Monero in the backpocket. If this is legit than we will certainly see a good upward movement.

I'm not related to MoneroV, I opened this thread because I think it's a good airdrop for everyone

Not bad. Often airdrops on solid coin forks give some profit. Not good not bad only business. I have some XMR that's why will learn and watch for XMV. Most important is what changed IMHO

Monero will have regular hard fork next month anyway. This guys could just take old one so no sweat needed for that.

enough of hardforks, too much hardforks
if they are so good start off a new coin, like AEON did, why do a stupid hardfork, just printing money and devaluing crypto

These kind of forks are like stock dilution; Monero price may be affected since some % of money intended for XMR may go to XMV.

People will interested to buy monero, the price will rise before hard fork but becarefull if investors whp buy that coin is get enough profit they can sell their coin before the hard fork, make a good strategy to avoid loss. I suggest to sell when its pump before other people sell then buy XMR again 1 day before hard fork.

it sounds very interesting, monero holders also receive more monerov, which is 10 times (1 xmr = 10 xmv). its total supply is also limited, only 256 million and some new features that we do not encounter in monero. like his monerov deserve to be earned.

btw I wait for the announcement thread, in its site also not yet available.

It looks like the fashion of creating cryptocurrencies out of thin air by forking existing successful coins with any pretexts, which started with Bitcoin, is now spreading to other coins as well. This will lead to nothing good.

why hard fork when monero itself is a good privacy cryptocurrency? why not optimized monero itself?
it is good of course for XMR holder because they will get free money, but IMO when look back at hardfork trend last year it is just look like dev want to make more money with this thing.

MoneroV looks decent to me, but I'm wondering why was it created if Monero's stable enough on its own. Normally forks are created to compensate with the limitations and issues of its source, but for Monero, the fork's features seem to still match what Monero has. I guess the devs are in the works of improving MoneroV more than Monero. Still, it's a good fork, like BTC's forks.

Was just reading the whitepaper. Seems like this coin already have a good community and the team are promisingly open about their intent.
Here is a table comparing MoneroV and Monero. We still have less options in cryptonight segment.

https://image.prntscr.com/image/mGb9JUHNR-amWFO5vXAxcg.png

Monero is infinite in supply while monerov is limited.

"How is MoneroV different from Monero?
Among other differences, MoneroV has limited supply of coins while Monero’s coin supply is infinite, and MoneroV will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies such as Bitcoin."

if the supply is infinite then there may be problems with a value. is it reliable at all?

MoneroV it's Scam! Don't trust!

This sounds like an interesting twist on Monero, which I do like and didnt think it was infinite.
Still, maybe it's a good privacy coin and better be finite, but what about it being bloated and un-scalable?


From a quick read, the new fork will be finite, not the opposite.

Is there a discussion on this fork in altcoin anaunsment? Monero is a good coin as for me, it's interesting to find more about its fork

I have heard this hardfork will happen on March, 7. Suppose it can mean that Monero will gain during the following 4 weeks. This is the link to get more information:

https://kryptocal.com/event/6540/monero-(xmr)-hard-fork

This is more likely a scheduled Hardfork of Monero itself. They have scheduled and planned Hardforks from time to time, that cause no chain splits.

The snapshot block for XMRV is at Block 1529810 which will be in a little more than 35 days, based on the average block interval of Monero.

I wonder which exchanges are supporting this hard fork?

does this project have a bounty campaign program?

You won't know, and nobody will know, until it gets announced officially.
I know from the Bitcoin Private project, that teams are not allowed to even discuss with which exchanges they're in talk with. There are non disclosure agreements when it comes to exchange listings and fork support.

Limited supply is good but increasing to x10 reduces this innovation.
What with security, replay transactions and other

I like this MoneroV has limited supply of coins and MoneroV will implement new protocols.
To get Moenrov I will need to buy Monero and transfer it to my wallet. After March 7 on this purse appears Monerov 10 times more. Did I get it right?

Yeah all find and dandy but Monero doesn't have scaling problems and the monreo tail emission (infinite supply) is so that miners don't abandon the chain once all the xmr is mined.

Seems to me like MoneroV is going backwards.

March 7th is a different hardfork of Monero. (without the other chain staying alive though ;) )
The snapshot for MoneroV will be at block 1529810.
Other than that, yes, in the MoneroV wallet you will then have 10x the balance you had before in the Monero wallet.

I asked on their telegram and it seems like they are quite "hush hush" about it, stating that they assume big exchanges will adopt them eventually (I guess because we people will demand our free money, right?). These exchanges will have to take a hard look into their wallet & code, which means that it will not possible for them to list MoneroV prior or really close to the fork (this is my assumption).

About non-discolusers etc, It appears that they are trying to do this as private and most decentralized way, Satoshi style  :D So I'm confused to about how it will go for them in convincing these exchanges.

All in all seems like a great project and a very big event to wait for! Exciting for all Monero hodlers and lovers  ;D

https://image.prntscr.com/image/E3Q135n0SDimZROl8yDk3w.png

There will be never even close to 250 millions of Monero.   


This is how many there will be in exixtance:

31 Dec 2017  15,573.194
31 Dec 2018  16,706.626
31 Dec 2019  17,392.992
31 Dec 2020  17,809.506
31 Dec 2021  18,060.856
29 May 2022  18,132.306
31 Dec 2022  18,225.618
31 Dec 2023  18,383.298
31 Dec 2025  18,698.658
31 Dec 2030  19,487.058
31 Dec 2040  21,063.858
31 Dec 2050  22,640.658
31 Dec 2070  25,794.258
31 Dec 2100  30,524.658


So like a bit more then 30 millions in 100 years.    Saying there will be infinity Monero and 250 millions of this shitcoin is quite stupid.

While nowhere I didn't get information about this hard fork of monero in reliable crypto sources. While it is difficult to say something on the merits. I think about what it is better to have a limited number of coins or still infinity.  ???

you need to have so much supply that will be enough reward to secure the block chain. Bitcoin as it is plans right now will start having problems. But that will not happen next year, but in about 20 years.  This crap coin here will after the year 2070  when it will reach 250 millions coins (at same time Moreno will have 25 millions coins) sort of cease to normally work, since rare will mine it, and anyone will be able to do 51% attack and hold it that way.   But this scammers ofcourse dont care what will happen in 2070.   What I am glad of that countries are slowly opening their eyes and will step on fingers of this scammers. Most of them think they got away with it, but they are mistaken.

Febo, which scammers are you mean? I think same scammers invented most of all forks. People want money that's why there are too much ways to get it. Imho MoneroV does not try to compete with XMR because it's impossible. But they try to get some piece of cake on wave of fame and that's all

I wouldn't use the word scammer or alike for the team of this fork yet. But unlike popular coin forks like bitcoincash, this particular fork has a huge premine (after fork) that undervalues any credibility the team holds.

Febo, seems like you are hating the wrong project here. Went through their stuff, it's legit.
No way someone will do take the most difficult way, warn everybody about building the source, releasing actual Monero blockchain code (they released a block explorer yesterday) just to airdrop a coin that will most likely have less buzz then a different marketed project.

tbh I'm thrilled for this 100%

I find it unnecessary and absurd, monero does not need such a thing, I think the developers need the money

Today I read that I wrote a virus that gets into smartphones and gets Monero, but how much is it true? How much will this affect the very structure of that market? What do you think?

i honestly think there're too many hard forks going ard. they create unnecessary volatility ard coin value and splits existing developer resources for the coin's development. Why do it unless there is a fundamental difference in vision? if u do have such a strong belief in the functional features u want to create, why not just create a new coin?

You wrote? Self? Or is it metaphor? About mining. It's possible. I know people that use distributed mining XMR on 1-3k wear computers. No much has mined but huge miners equal some free Monero

I think the opposite. They are proposing big changes including the POW, max coin supply and mitigating botnet / hack mining (did not say how yet). These are al things people in the Monero community are aware of.

Do we have a chance to buy some MoneroV right now ? thanks :)

Guy, hardfork is planned after 32 days on 15 March '18. How to buy now can you say please? This coin does not exist untill 1529810 Monero block!

i hold monero in binance.  will binance give me my monerov when the fork occurs?

guys lets all remember that forking is the only way to revise/update/upgrade the existing code inside a blockchain. This monero hardfork is a good sign that this crypto is evolving and will continue in the future. moneroV is the new version of monero and i am happy for that.

I am not a good trader..
but this is a very big opportunity for me to get easy money.
I am holding a ZCL & ETC coin right now and ZCL will have a hard fork on 28 feb, ETC on 2 march. After that I will turn to XMR..
and after that I will looking another fork.

we dont know even premined or something. without knowing this you shouldnt accuse them by making some quick money.

this forks are good for coins. with natural selection only bests can survive. i assume that there is no premined coins at forks.

Monero chats is full of saying this is another scam like monero gold but i can see its an actual fork and not erc20.

They have went out with the ann thread https://bitcointalk.org/index.php?topic=2947912.0

what is effect of  hard fork on monero ?

Hopefully a price increase of XMR towards the fork/snapshot.  :D
Other than that XMR is not affected by this hardfork, as XMV has a blockchain that is incompatible with the XMR chain from the snapshot block on.


Exactly. This is a fork of the actual blockchain and not just some tokens that are labeled Monero something. At the very least you'll get free coins based on your XMR balance and loaded up on XMR, which is never a bad idea.

it looks like it is a very interesting altcoin and it will make
a very rare thing. is there something to invest on
the altcoin.?

It is not yet traded on exchanges. The only way to get some right after the fork is to buy XMR and hold it (preferably in the local GUI wallet) through the snapshot.
I hope I understood your question correctly 😉

This hard fork is going to be a big hit, most especially the limited supply. This is what I like going for.

Which news, guys? I saw in reddit no more info than on bct. But blockchain explorer for MoneroV released already. If so we can see real competitor for XMR

Helloe,
Is there a date for this hard fork?

The fork has a block and it's 1529810 (~14th March 2018)
There's also a countdown on https://monerov.org/

So what's the point? All I see is a cash grab?

- They've put out an ANN thread - https://bitcointalk.org/index.php?topic=2947912.0
- Released blockchain explorer
- Official Monero team are talking about them exposing a big privacy flaw in monero
- All the talk is that at last a legitimate fork for xmr is happening.

This all builds up to pretty much a big event.

MoneroV is a private, untraceable, finite and secure cryptocurrency fork of the Monero blockchain. A split will occur at block 1529810 when MoneroV miners will start to create blocks on the MoneroV network. MoneroV has limited supply of coins while Monero’s coin supply is infinite, and Monero V will implement new protocols that will solve the scaling problems facing Monero and other cryptocurrencies such as Bitcoin.

All Monero holders as of block 1529810 will be owners of MoneroV, may be on 14 March.

I never liked forks, although this one looks convincing. I think it's worth taking a closer look at it.

Are there any information about exchanges supporting XMV?

this is a new story for me, but I still have many questions what is behind the hard fork goal of a coin?

All forks, copyies and stealing coin names must be stopped in crypto world. Even experienced people already don't understand what happening:)  this is no good in this -too many coins and tokens.

Since it is open source, you will not call it necessarily call it stealing. I am a true believer in freemarket. This was the original vision of Satoshi. I think that although people are using forks as a cash grab, I believe that it will keep the main coins on their toes so that the devs can keep working on their technology. As the saying goes, necessity is the mother of invention. As long as these main coins don't see any necessity to innovate, they will not. Eventually, the market will weed out the true coins from fake ones.

It's free money. There are always people who want to buy this forks more and more.

And I think that those and other shit coins will die naturally because of uselessness.

MoneroV occupying the Monaro team so much just shows you how this fork is needed.
It's simple, Monero (like bitcoin.org) are afraid from the competition (like BitcoinCash), and are trying to cause fear and uncertainty around this.

Any competition is good, and in the case of these two project, at least the new guys found big flaws in the 'best' privacy coin.

There definitely needs to be an announcement that MoneroV is in no way associated with the original Monero hardfork. Since there are some social media advertisements popping up and I believe there will be a pump coming by social media bots we clearly need to communicate it is not supported in any way.

looks like a sham, what problems are they tackling?

as far as i know that there is some problems with the way how Monero is used .
If someone wants to be completely anonymous that he/she needs to download a big data chunk in order to do it ( in order of GB),am i right or wrong?

i haven't heard of any other problems regarding Monero ,so why the fork..

limited supply thumbs up!!!  :)

Very interesting news. I honestly did not hear about such events, I would like more information on what exchanges this will support, what is the difference from the original chain. At the moment, too little information for financial analysis.

What appeals to me and everyone else is the limited supply and the promise to fix scaling isssues as a main focus.
I don't really fancy getting 10 coins for every monero because that just moving the . one zero further. I guess a 1-1 ratio would be better for the future price and everything but as we know people don't think logic so we'l just have to deal with it.

If everything goes well and the team will be smart and hard working i can see it surpass the real monero. (in a couple of years because of limited supply)

Monero Fork XMV Changes Tact, Promises ‘Open Source’ and Key Reuse Safeguards

https://btcmanager.com/28037-2/?utm_source=Twitter&utm_medium=socialpush&utm_campaign=SNAP

Most likely it will exchange bitfinex and bitrix. About the other until there were no words said, a lot of where I read about it already.

The MoneroV snapshot block #1564965 has been matured! Mainnet release soon, as well as the integration of pools and exchanges.

* Pool support for the fork has already been announced by Go-Mine.it, MinerGate, BaikalMine, MagnificentPool.com, MoriaXMV.com Fatpanda Club, MinerHills, CryptoSupreme and Leafpool.com.

* MoneroV is already supported by exchanges including HitBTC, CoinEx, BTC-alpha, Coinroom, Octaex, Crex24 and others.


Happy to see that the MoneroV development and progress is going great and as expected from the team.

Why do it unless there is a fundamental difference in vision? if u do have such a strong belief in the functional features u want to create, why not just create a new coin?

Great news for this fork that was already launched and had high mining volume. 5% of Monero

Very interesting news. I honestly did not hear about such events, I would like more information on what exchanges this will support, what is the difference from the original chain.