Bitcoin Forum

Monero threads are going over the top.  They have a really strong community and sound mechanics.  Just fended off an attack by BCX.  Will Monero be #3 soon?  ???

yeah, make another thread about it. We need it. I for one will not buy monero ever after this spam-attack for weeks.

Wouldn't that be awesome?

Monero is the new dogecoin. I was wondering where the shibes had gone.

Media outlets are starting to touch on 2.0 tech such as BitShares, MaidSafeCoin, NxT and even StorJ.  Monero will have to start showing why they are 2.0 worthy before they move up past these few heavy hitters.  Freezing the assets on exchanges because of this threat is not helping, its showing how fragile crypto currency is.

https://coinreport.net/little-crypto-asset-sanity-maidsafecoin-supernet-bitusd/

http://www.usatoday.com/story/money/business/2014/09/02/baverman-bitcoin/14728425/

I seriously doubt that very much. Dogecoin has way to much community support that dwarfs Monero.


It seems to me from an outsiders perspective, that those invested in Monero want to "get rich quick", while Dogecoin is more of a movement.


EDIT:


Sorry Smoothie going to have to disagree with you on this one :).

The "coins" listed in those articles such as BitShares and NxT bring a LOT more to the table compared with BTC...  They truly are blockchain 2.0 technology greatly expanding upon the original Bitcoin ideology.

In all seriousness besides a good dev team, what is Monero bringing to the table that will allow it to prosper?

Just found this coin thanks for the thread.

Monero is like bitcoin 2 0. It's the first truly anonymous coin, unlike the coins you listed. Also it's completely decentralized, unlike the coins you listed. There are also a lot of under the hood improvements in the cryptonote technology. This is part of the reason the bitcoin core devs have been so interested in Monero.

Also, the so- called 2.0 coins are basically just application platforms primarily. Monero was made from the ground up to be a currency.

2.0 coins are so 2013. Bitcoin 3.0 is far superior. Bitcoin is the largest network in the world and only Genuine Bitcoin 3.0 applications will run on it. Don't be fooled by vaporware and cheap imitations. Bitcoin is a name you can trust.

Perhaps that is what I am getting at.  Is Bitcoin a "good enough" currency that it does not matter if another more advanced currency comes along?  These other platforms are going past the strictly currency idea thus I believe that is why they are near the top of the current market cap.

I am not trying to promote one over the other however if BitShares can prove the market peg works such as BitUSD why would someone use anything else when transmitting a "currency?"  This simplifies digital transmission of value on an international scale.

Look at Nxt and emunie's asset or market exchange.  These are creating reason to use the blockchain technology beyond just a currency.


Overall that is why I sincerely ask what reason(s) will people have to use XMR over BTC as a currency?  Anonymity is a great feature and a step in the right direction however is it enough to push XMR up the hill?  I don't even want to get into PoW vs PoS in this debate...

It's still early on with Monero. The technology is sound, but a lot of work still needs to happen under the hood, as well as on usability. Since there wasn't a pre-mine, a hindrance to progress has been a lack of good funding for development. There has been an ongoing discussion about strategies to raise money for the devs.  More funds available there could help speed up the process.  I like the potential for steady growth with Monero.

And what is so special about this coin anyway?

I think now whit paypal adoption of BTC. LTC and Doge, top3 spots are taken for some time. But in a year or 2 who knows.

lmao

I usually do not take part in this stupid discussions but xmr probably fills the only niche existent, which cannot be filled by bitcoin.

there is place for one transparent ledger and for one private ledger.

What a dumb name. It sounds like an underpowered sedan driven by senior citizens.

All I can think of there is "oh, another scam coin. Next!"

lol! you get one free internets sir!

monero is just a overrated shitcoin!
if you want true anon you should watch out lxc and xst

*CoinX* is a shitcoin scam nazi shilled to death ponzi sheme.... But *CoinY* is the future, guaranteed success, awesome tech, to the moon.

Rise, repeat.

Dude, for the love of God will you please take your schizophrenia medication!

This is an amazing comparison, and totally accurate.

Actually, I believe it was used once in The Simpsons as the name of an SUV. It was either "Monero" or "Canyonero".

Regardless, when anyone hears it I am sure cryptocurrencies are the last thing they think of.

"Monero" sounds like a flashy customized Ferrari one-off built for an extremely wealthy customer like Jack Ma or Larry Ellison.

"NXT" sounds like the name of some crappy budget deathtrap of a car originally built by Tata, copied by Chery, and driven by aspirational third world citizens.

Actually the name monero sounds like a high powered, luxury car: Lambo, Monero

bitcoin, now that's a shit name.

It is an anonymous coin and has a good community and developers.

Here we go, MoneroMan88 takes a one day break, and the shills are out again reliving their days of glory.

Monero means coin in the Esperanto language.

Your thinking of the Ford Mondeo!  Very close.

http://en.wikipedia.org/wiki/Ford_Mondeo

Ok this made me laugh.  Ford had the first Monero!  :D

You were close:

Ferrari Mondial

http://upload.wikimedia.org/wikipedia/commons/8/8a/Red_Ferrari_Mondial_Cabrio.jpg

Sweet car, sweet coin!

I wouldn't focus that much on the name, although I consider in class with Litecoin branding name.

What I would focus on is CryptoNote, do some research about it.
"Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips."
^ The statement here I consider in line with Monero and especially the CryptoNote protocol.

Anonymity is a wild goose chase. All electrical and broadcast communications are traceable. You can't change the laws of physics. Zerocoin sacrifices speed for additional layers of obfuscation. It will never be perfect anonymity, but it will be pretty good. Cryptonote started off sacrificing trustlessness for privacy. It appears it protocol may be evolving into something more like Zerocoin.

The CryptoNote 2.0 whitepaper's criticisms of Bitcoin are wishy-washy. The author wants to fix problems that don't exist. It creates a laundry list of things that are already planned improvements of Bitcoin. It's great to test these ideas, but not to promote them as an investment.

minus the innovation that Quark had..

how many of you all remember CPU mining it with me on launch ?
and how about them GPU miners ?

what does a cpu mined only innovative coin with new algos have to do with a piece of shit clone coin ?
either you guys are playing dumb or are (as usual around here)

Can you provide more detail on why you think this?

It will be,maybe not in 3 weeks but soon  ;)

Monero = Fork / clone of Cryptonote (from a coin cloning platform like Coingen)

Quark - a revolutionary new coin with a new algo system that had cpu only mining on launch.

fact.

Quark will go to the moon one day.

I am not a dev, but well written white papers are supposed to summarize the disposition. My take is from the language used regarding goals and intentions of each project. Cryptonote started with a Project manager over it's ring signatures and now uses an oracle. I'm not sure how they will handle bloating. Cryptonote claims to be no longer competing with Bitcoin and wants to work in parallel just as zerocoin does as well. This is a reasonable approach with an unproven technology. But Cryptonote seems to be testing the waters with altcoins. This probably isn't going to help them. Both are a work in progress and the winners will be the ones that integrate with Bitcoin. Zerocoin seems to have the edge so far.

The laws of physics change may or may not change depending on cosmological factors we are only beginning to observe (EG fine-structure constant). 

More importantly, our understanding of those laws change continually and sometimes rapidly as they evolve in punctuated equilibria.

Source: http://en.wikipedia.org/wiki/Scientific_revolution

We don't have a grand unified theory, so the laws have to change if we are to accommodate one.

Did you sleep through the Copernican Revolution?

Where you out sick for the Bohr–Einstein debates?

Please fuck off with your smug absolutist Debbie Downer negativity. 

Innovation will proceed, regardless of your pitiable lack of imagination and optimism.

Put away your Magic the Gathering cards, Mr. Wizard.

Ouch, cbeast just got Burned.

Can you explain this statement? I'm a little confused on what you mean by "the laws have to change in order to accommodate one". Laws can not change, however our interpretation of those laws may.


All you really needed to do it invoke quantum mechanics stating that anything is impossible, regardless of how improbable it may be. And if you subscribe to the many worlds theory (AKA many universe theory), whatever can happen, has already happened in an alternate reality.

No and get ready sweet-heart your alarm clock could go off any minute ;)

sorry i hate to be a "Debby Downer" ahahaha

I'd rather be a downer any day rooted in reality with ups and downs than a delusional retard spit shining a lump of shit.
life is full of good and bad and both should be embraced especially in an environment used primarily for scamming people for Bitcoin.
context guys... C O N T E X T !!!!!!!!!
Do you dipshits go to prisons and tell the prisoners their being downers for bitching about being in jail ?
Try using your brains wannabe Mensa Case's LOL
And ease up on the scatter brain backyard theoretical physicist bullshit.
Want some science ?  here strap this on smart ass's ...
90% of all these coins are a P&D scam. #science #facts #dealwithit

You and your Monero taking over has about as much chance as JLaw keeping her squatting over her cell phone with her panties off photos off the the internet !

That's right, you said something indefensible and have no good response available to back up your silly claim, so you go for non sequitur ad hominem.  How are we to have a good flame war if all you can say is 'shut up you nerd?'   :D

I like your sig BTW.

The Standard Model (AKA "The Laws of Physics") doesn't account for gravity, among other things. 

It will have to change when we update it to include gravitation, etc.

For a preview of how the laws of physics will change, see http://en.wikipedia.org/wiki/Physics_beyond_the_Standard_Model

We are not sure if the laws of physics are the same everywhere and at all times in our own universe, much less in the many worlds of the Copenhagen interpretation.

Speaking of Copenhagen, its core message is an ineffable Zen-like declaration that our interpretation of the supposedly objective reality *IS* the reality for all intents and purposes: the observer's observation creates the measurement.  Statements about non-observables are meaningless...the implementation is the specification.   ;)

uhhhhmm i sure as hell would !
the name means everything.

technical issues aside like coin specs i can not see a coin called Monero (for example) taking over for Bitcoin.
the name Bitcoin was brilliant and appeals to all demo graphics really well.
like is Grandma gonna be motivated to convert her Pension to DarkCoin's ?
not bloody likely lol

See that is WHY i think you and some of the other Monero shills are Bat shit crazy !
like WTF ? Monero is the #2 coin ? ....what ???? LOL

no trolling here but do you really think bitcoin will be "more" anonymous than coin-mixing in the future and at the same time standing the test of governmental regulation?

I seriously doubt that the ledger get much more private - so privacy is the only existing niche.

or do you think of a spin-off for a private coin by using the distribution of the bitcoin ledger?

granny def buy jackpotcoin with her retirement over darkcoin.  she can gamble without ever going to the casino   :D

My understanding was that Zerocoin hadn't been released yet and was being reworked since they couldn't get it incorporated into Bitcoin. Zerocash is their newest project. Are you familiar with it? Is this only a theoretical edge that you're claiming, given that there's nothing actually released yet? Everything about it is still academic.

IMO both technologies are extremely unlikely to be implemented into Bitcoin. Bitcoin is too worried about playing nice with governments and achieving mass adoption (getting rich). Bitcoin is allergic to change due to no one wanting to risk the value of their coins for the betterment of society and the technology. That and because opinions differ so much that it is hard to get anyone to agree to do anything. This is why Alt coins are needed, to push the technology forward and improve upon cryptocoins since Bitcoin is unwilling to do so for the most part.

Zerocoin and Zerocash are two different things. Anoncoin (possibly others) is still working on implementing Zerocoin and I think they are close to having the first implementation of it (a month or so according to their dev.) Zerocash is being developed by the original Zerocoin developers and a few others.

Zerocoin does not offer as much anonymity as Zerocash, but it has a benefit over Zerocash in that it can be implemented in a more trust-less manner by the use of RSA UFOs.

That being said, there is still some risk involved in that someone may already have cracked the RSA UFOs (the NSA) or someone could do so in the future. In this case it wouldn't affect anonymity, but they could print free Zerocoins. If it is cracked at some point with faster computers then the coin could be hard forked with higher security RSA UFOs, but the damage could already be done. There is a lot of debate as to how secure the RSA UFO approach is, and I am on the fence about it after hearing a lot of opposing opinions.

I have also heard a lot of opposing opinions as to how much trust would be required to setup Zerocash. The developers claim and I quote "there is trust involved but it is more like having to trust that only one person out of 20 is not cheating you." Furthermore, there are mentions of using multiparty computation to set it up, which is similar to how Anoncoin is setting up the Zerocoin RSA UFOs. Again, I am on the fence as to how much trust would be required and what the better solution is as there are a lot of opposing opinions.

You cannot link a buyer of a zerocoin to a seller of it. You cannot do that in Zerocash either, but with the added ability of not be able to tell how much value a transfer was for. Here is a good place to start learning about Zerocoin and Zerocash, although it may be a bit biased towards Zerocoin: https://wiki.anoncoin.net/Anoncoin_Wiki

I think ring signatures are the best currently available option for anonymity as they are implemented in Cryptonote coins. However, I have heard of at least one coin that is improving upon the anonymity of ring signatures as they are implemented in Cryptonote coins. I believe these coins are using ring signatures, but implementing them a little bit differently. I guess current Cryptonote coins can upgrade if it is a better solution.

The jury is still out as to what anonymous technology is best and opinions differ. It is challenging in that all of these concepts are hard to understand, especially the complicated cryptography in Zerocoin/Zerocash, and I think that is the main reason why the answer is not clear. If they can be implemented in a sufficiently trust-less and secure manner, they could beat out all currently existing technologies.

I thought NXT sounded like a computer system built by Steve Jobs that was almost commercially successful.

ROFL, good one d0000d.  Jobs didn't built NXT tho, he just paid a fortune for the privilege of sitting on it (and copying the OS).

https://i.imgur.com/bgAScuJ.jpg

Behold, the NXT mining ASIC!

^{PM me for pre-order....}

Why do you say that Cryptonote protocol sacrifices trustless transactions? The whole concept of ring signatures as implemented in cryptonotes is that you can ensure untraceable transactions while keeping the network trustless.