There is nothing to "defend" here, just a bunch of baseless insults from people who for whatever reason don't like the coin or the project.

There is certainly no organized scam, very little hype, and nothing of substance to attack, so of necessity the attacks lack substance. I see no way to defend against that (nor any purpose to doing so) other than to continue stating the facts as I see them.

How about because I didn't say they break even? Try reading.


Furthermore most miners who are only mining at a small profit are going to be selling at least most of whatever coin they mine, especially if they are doing it at any kind of scale and have bills to pay.

The ones selling don't (or simply don't have the personal wealth to hold a lot long term), and the people buying do. There are always buyers and sellers. It's the same in any market.

How about the simpler explanation being most of the 100 is the amount mined per day (80 BTC) and given that the mining is close to break even most miners have to sell to pay their expenses? In fact I was looking on one of the big pools yesterday and the two biggest miners there had their coins going directly to poloniex. You can bet those are very likely being sold.

What is different from many other coins is that the coins being sold by miners are being actively sought after by investors, keeping the price stable. You may disagree with those investors about the future prospects for Monero but ultimately no one is forcing them to do it. They believe it has a bright future, you don't. That's why there are markets.

If you don't think the potential is there, I suggest you stay away. I promote the coin not at all. Anyone who buys it must come to their own conclusions.

Probably a good variation of Betteridge's law of headlines would be that the bigger type is used and the brighter the color the more likely a statement is to be a lie.

Yes that should be fine. As long as you aren't solo mining you don't need high speed. Even then you don't need a lot of bandwidth, just low latency.

Please report back how it works. Others may benefit from this as well!

It is something we are working on. Most of it is people downloading the entire blockchain (using poorly behaved code). We encourage people to use the static web downloads but we can't force that.

If the bandwidth usage is too much for you to handle, as a work around you can block incoming connections, but we don't encourage this generally because it will make the network unstable if too many people do it.

The legal risk applies indirectly to users. If developers are prevented by legal action from continuing their work, while the coin itself being somewhat decentralized might in some sense survive, it is very unlikely it can retain its value at this level of maturity without the developers behind it.

There is no "you" it is just another puppet. Look at the post history.

I will let others elaborate. If it hasn't been explained I will write it up at some point but I don't have time right now.

No, but I find their lack of even a sliver of a clue of what they are talking about somewhat amusing. Consider the fly-swatting to be a needed diversion from the 18 hour days.

Because i believe their pegged assets feature is extremely unsound, and will very likely lead to a massive implosion. The bigger the capitalization involved the worse the damage will be, and it seems to be getting quite large.

EDIT: That plus the legal risk already mentioned, although either could make the other more likely. Again, a very dangerous situation.



 

If your costs are low it is profitable.

It isn't extremely profitable or anything, but I'm told nothing is now, so you take what you can get.

On its way to becoming possibly the biggest disaster in crypto history.

Keep clear of the damage when the time comes.

Difficulty follows price

If by "forensically exposed" you mean changing web sites after the fact and by producing even more faked documents and signatures that can't be verified by any third party to have ever existed before, then yeah, exactly.

Fail.


I don't know this person but he said it well (oh, and look who is providing this bogus "proof'" in that other thread -- what a surprise):

If you make it really really big, and red, it's obviously true. Good plan.

You aren't doing your credibility any good with statements like this.

Another one of the original BCN shill accounts. Interesting how they all show up here to nod in agreement isn't it?

BTW, if you want to know about buying accounts perhaps you should look into the flower1024 account.

How does this account even have anything to do with Monero? I clicked through several pages of posts (got bored after that) and found a few slightly related to Monero, most not.

Fail.

EndlessWin is one of the original crop of BCN shills BTW. Too lazy to dig out old posts from the fake reveal era.