I am buying both XMR and BBR. These coins will eat the market segment from DRK and XC gradually thanks to their superior technology and more competent development team. DRK is declining. Good signal for XMR and BBR
A few observations about CN coins with superior technology: - No bitcoin compatibility making adoption hard.
- No known solution for scaling for mainstream adoption. For bitcoin based coins there is mini-blockchain.
- CN transactions can be Sybil attacked, so that you'd be mixing mostly with adversary's own generated transactions.
- The planned I2P implementation is susceptible to timing analysis.
And, if you're holding a lot of XMR, hope the devs don't get ahold of a botnet: If I (or any one of us) had control of a botnet we would not be involved with Monero. Trust me. We would have much more profitable fish to fry (ransomware, for instance).
No bitcoin compatibility making adoption hard. - So you're saying, that coins that aren't using Bitcoin's codebase, can't have their features implemented into Bitcoin itself like Bitcoin can easily implement Darkcoin's Masternode and everything else...? That's a good thing. No known solution for scaling for mainstream adoption. For bitcoin based coins there is mini-blockchain. - Incase you haven't noticed, Monero's blockchain is only twice as big as Bitcoin's, and even that will be Cut, as Boolberrie's was. Most people will run Light Clients(Like Bitcoin's Multibit), so they don't even have to download the whole blockchain. CN transactions can be Sybil attacked, so that you'd be mixing mostly with adversary's own generated transactions. - This isn't even true. "You might ask, if it's impossible to determine which outputs are being spent, how can double-spending by prevented? CryptoNote solves this using a special ring signature algorithm (which is a modified version of existing signatures, so this is original cryptography and their security proof should be scrutinized — fortunately it is not too complicated) in which the real signing key has a key image associated to it, which must be published alongside the signature. This key image cannot be reversed to get the original key and deanonymize the sender, but if a double-spend is attempted, users will see that the same key image is used twice and reject the second attempt." Please read up on how Cryptonote Ring Signatures work, thanks.The planned I2P implementation is susceptible to timing analysis. LOLLL, only the NSA can do that. You're just copying what Anonymint said, Timing Anaylsis is the Only way to try and circumvent Ring Signatures, and it's only possible by the NSA. Bitcoin itself is Not NSA Proof. Meanwhile, there are 101 ways to destroy drk's "anonymity" Also, botnets run on 32 bit machines, 32 bit computers would make less than 0.1 XMR, per day. There have been no botnets owners having more than 20 botnets in their posession mining xmr. That'd mean they'd make AT Most, 10 xmr or so now. There are most likely no botnets mining this coin as of now. Conclusion: You're copy/pasting info that you have no idea about, and listing them as "flaws" and I've just shown you wrong, take a look at Darkcoin, with it's trackable coinjoin/mixing "anonymity", it's Masternodes that can always be DDOSed and taken offline, thereby destroying dakcoin's "anonymity", and they can be centrazlied by one person or group + 101 more problems. |
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And don't forget the main problem about POW and this is the most important one.... every investor or long term buyer has to pay to the miner for securing the blockchain. POS coins investor don't they them self are doing their part to secure it and get even PAID!
No one will be a slave to POW coins once they notice how the game is going on.
Imagine if the US dollar was distributed by proof of stake. 1% of Americans would get all the money! Furthermore, money is created with work. If a currency isn't backed by work what gives it value? I feel commitment to the creation of wealth should require some financial backing by each of us (mining equipment and power - just like the US mint and their custom ASIC printers). If you literally have no skin in the game then what is the point? You have no understanding of what money is... Money is debt, it is not created by "work" (whatever that means). Currencies today are not backed by anything that is why the are referred to as fiat (latin for "it shall be"). The top 1% of Americans posses more than 40% of the nations wealth (all the money). If you took a physics class you would realize in a closed system such as the planet Earth.....nothing can be created nor destroyed. Energy is just transfer through a process called work. There is a process of work in creating FIAT. It should be the same for creating digital currency. YOU SIR, Have no idea what you're talking about. You say The U.S Dollar is only one of a handful of currencies backed by "nothing", infact, the USD is backed by something: the ECONOMY! Fiat in all nations are backed by things, whether it be gold, the economy, etc. PoS is backed by literally NOTHING, therefore it won't ever go anywhere. PoW is still by far the best. |
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"As has been mentioned, CryptoNote-based currencies use ring signatures (contrast group signatures, which involve a trusted party) rather than plain old ECDSA signatures in the proof-of-ownership part of their transaction signature scheme. Essentially, in Bitcoin each transaction output has a public key associated to it (identified, though not revealed, by the Bitcoin address on the output), and to spend that output you need to produce a small script including a digital signature using this key. When everyone sees that transaction, they see that the old output(s) are spent (so they can forget about it, except as far as keeping historical blockchain data for new users) and that new unspent output(s) have been created. Ring signatures, on the other hand, are associated to an arbitrary set of public keys, and knowledge of only one is required to make a signature. CryptoNote uses this by having each transaction input be a set of potential unspent outputs of the same value, signed by a ring signature using all those outputs' associated keys. It is impossible to determine which one is the "real" one that the signer is actually spending. You might ask, if it's impossible to determine which outputs are being spent, how can double-spending by prevented? CryptoNote solves this using a special ring signature algorithm (which is a modified version of existing signatures, so this is original cryptography and their security proof should be scrutinized — fortunately it is not too complicated) in which the real signing key has a key image associated to it, which must be published alongside the signature. This key image cannot be reversed to get the original key and deanonymize the sender, but if a double-spend is attempted, users will see that the same key image is used twice and reject the second attempt." |
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Basically, coming from a purely investors perspective.
Monero is the only cryptonote worth investing/buying.
Boolberry's instamine is pretty bad with the PGPU making over 2k boolberry(difficulty dropped) per day now, and was making 5k-7k bbr a few weeks ago....Plus Botnets.. = No thank you
Ducknote reminds me of Dogecoin, there dev is nonexistent, and doesn't really have any work being done
Quazarcoin doesnt really have much work being done either
So that leaves Monero, the only one that has a future..
Monero had more of an instamine than Boolberry, just see http://monerochain.info/charts/difficulty. Claymore likely mined with his GPU miner before he released it with a 5% fee. cbuchner1 also has mined Monero with a private gpu miner on EC2. I've seen that difficulty chart, doesnt show any instamine..., EC2 is only for very short periods of time. and GPU:CPU is 1:1 ratio, so he couldnt have made much.. Boolberry's private gpu miner guy was making 5-7k boolberry per day....hes still making over 2k boolberry per day...his instamine is in the hundreds of thousands unfortunately with boolberry. |
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Basically, coming from a purely investors perspective.
Monero is the only cryptonote worth investing/buying.
Boolberry's instamine is pretty bad with the PGPU making over 2k boolberry(difficulty dropped) per day now, and was making 5k-7k bbr everyday a few weeks ago....Plus Botnets.. = No thank you
Ducknote reminds me of Dogecoin, there dev is nonexistent, and doesn't really have any work being done
Quazarcoin doesnt really have much work being done either
So that leaves Monero, the only one that has a future..
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Is using Tor + Bitcoin and using a mixer any way comparable to this new generation of anon tech?
It's as shitty as using Darkcoin. Tor+Bitcoin and a mixer can be traced. For example, when using a mixer, you must have NO Taint whatsoever on your coins for it to work, that's why it's very hard to mix 100 btc or so at a time, unless there are other people also mixing the same amount(100btc+) at the same time you're mixing it, because it risks your own coins coming back to you. Once that happens, you're screwed, and an investigator will always be able to track you down. I'm also 100% sure, that there are scripts/programs being made, to keep track of addresses/coins, that are broken down by mixers/people. Those scripts will be able to identify every address the mixed coins were sent to, and eventually identity the person behind the coins once they cash out. Blockchaininfo's Sharedcoin's mixing was shown to be able to be traced: http://www.reddit.com/r/Bitcoin/comments/27rsv8/confirmed_blockchaininfo_shared_coin_is_broken/Simply Put: Mixers are a horrible/trivial way to try and hide your coins. |
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so you want to pull a block reward reduction scam and have the devs act as central bankers?
then I say no.
*cough cough* barkcoin *cough cough* but seriously, if the block reward isnt changed, vertcoin is dead. Its price has been dropping faster than a 999 ton stone. |
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I will pose - re-post - this question here, where it might get more feedback:
Why would anyone mine XMR for profit now when you can mine QuazarCoin, cash it in, and buy 30% more XMR than you can get from mining? For that matter, Vertcoin should get you about 100% better return (GPU basis). The only rational reason to mine XMR now is because you want to help build the network - or you are just too lazy to switch coins.
Can anyone make a rational argument against this claim: The current hash power is almost 100% enthusiasts, who mine because of confidence, support for XMR. (They are not likely to be sellers.) It makes no sense at all for any botnet to mine XMR for sale.
(Yet the current hash rate is roughly 85% of the historical high. The depth of support this demonstrates is breathtaking.)
Hmm, im sure most miners dont know they could mine vertcoin for example and get more btc that way, then buy xmr. I sure as hell didnt  Most people have no clue about that stuff. |
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Every single troll on this thread...has one thing in common.
They're all Newbies with 10 posts and below. Some being just registered.
AKA
they're sockpuppet accounts.
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The NSA proof market is still available to anyone who wishes to claim it. The rest of the questions are marketing related .. as they're not specific to Monero in particular. With your last point, Darkcoin should be way ahead of even fiat by now .. right? Because it's a complete solution right?
I'm not saying that Darkcoin is a complete solution; I already acknowledged that such a solution won't be possible until the advent of open source hardware. What it will do, is provide privacy through a more practical platform (Bitcoin API compatibility, Uses Bitcoin codebase, No bloat issues, Works on 32 bit OS, among others). I know that some of these, like the 32 bit OS issue, can be fixed, but there are many such issues that will continue to soak up development time for years to come. And that's the exact reason why coins based under Bitcoin, no matter how "innovative", will never make it in the longrun. Because Bitcoin/Litecoin etc, can all incorporate what Darkcoin already has, into their own coin easily once it's open sourced + the other 101 problems DRK has. That's why the only alt-coins to take seriously/will have a future are coins that Bitcoin CANT copy/doesn't use the Bitcoin codebase. Like Monero, soon to be Etherium, etc. |
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Anonymity has spent the past two days tearing apart Monero. Check out his posts on their thread.
I'd consider it more of a high quality analysis offering intellectual feedback. This is from a person who has personally pissed off major intellectual powerhouses such as Martin Armstrong to the point where many of his blog posts reflect their personal conversations. Such feedback is valuable beyond compare to simple marketing hype which could be the major focus of the thread rather than a spurred intellectual debate. Would you rather that instead? It looks like he mainly pointed out that I2P will not stop entities like the NSA. So it isn't really truly anonymous, then is it? Competitors will have enough "anonymity" for the people who want privacy, but for whom being NSA proof is not really a concern. I see those people as Darkcoin's target market. Monero will not dominate this market, and yet it also won't be able to get the "NSA proof" market. So what good is it? Who will use Monero? You're not making any sense... Darkcoin so far does not have any complete working "anonymity", it's forked and failed twice trying to give masternode payments, there is no I2P work being done, and it only offers trivial coinjoin mixing. Masternodes can always be DDOSed to be taken off line, effectively destroying darkcoins "anonymity", or they can be centralized by one person or group. Darkcoin is about the Last coin, anyone in their right mind would go for when they want privacy/anonymity. Literally..any cryptonote coin, even ducknote, is better than Darkcoin, simply because they already have anonymous sending, Built in, while Darkcoin doesnt. Not to mention, there is No cryptocurrency that is NSA proof right now, None, not even Bitcoin. |
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Whoa WHoa, I only have 17 monero, I own 210 darkcoin, the most of any altcoin....I simply dont have much $ in anything but bitcoin. But Monero, even Ducknote, is still 10000x better than darkcoin/other coins that use coinjoin, simply because there anonymity works, and darkcoins doesnt. Im simply stating it as it is, just like NXT has the most features of any coin ever.
Darkcoin's Flaws:
1) Darkcoin has a 50% instamine by it's own developers during launch, as the block reward was set to 500, and there was no windows wallets/miners. Evan, the developer, and Internetape, the other developer, instamined over 1million Darkcoin's within 24 hours. 2) Darkcoin's name itself, Darkcoin, will always be affiliated with illegal activity like the Darkweb, Drugs, etc, and the name itself ensures that Darkcoin will never reach anything close to mainstream acceptance. 3) Darkcoin's "anonymity" is based on coinjoin, it simply mixes users coins around, making it harder to track it. However, if even the slightest taint if found when mixing the coins, an investigator will be able to deduce who sent what and who received what. The maker of coinjoin, Gmaxwell, deeply criticized Darkcoin since it's coinjoin based "anonymity" is basically a joke. 4) Darkcoin's mixing system/coinjoin relies on something called Masternodes, Masternodes are nodes that are set up by people, anyone can set one up, and Masternodes are the things that mix the coin around. Masternodes also present many risks besides giving trivial "anonymity", if all masternodes are owned by one individual, he will be able to "de-anonymize" Darkcoin and see all transactions clearly. 5) Darkcoin's Masternode Payment system has forked the network many times, and has failed Twice in the effort to pay the owners of Masternodes. 6) Darkcoin's Masternode/Darksend system is closed source, so that means the developers could be stealing coins, or doing any other malicious things, and it will remain unnoticed 7) The Masternodes can always be DDOSed, effectively shutting them down, if the majority of Masternodes were taken offline(they are mostly hosted on Amazon servers), then Darkcoin's trivial anonymity will completely shut off  There are many many other flaws, it will take up too much space to list, so I've listed the main ones. |
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Whaze, you are NOT allowed in that thread.
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Basically, around 20,000 Vertcoins are being mined everyday, it's extremely extremely inflationary and the price has been suffering horribly. A lot of those mined Vertcoins are being dumped on exchanges,
For ex: The price dropped over 80% in less than 1 week since the Stealth Address update.....
So my question is, Should the block reward be lowered drastically, or no?
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I'm done answering to stupid newbies on this thread.
All I can say is, the halving isnt changed very verys soon, this coin is dead.
It won't, so GET OUT NOW !!!! Also, you didn't answer to anything, you just claimed to be a god because you had 112 activity and claimed that we were newbies. Would you like to make a bet, idiot? I'll get an escrow. Bet is 5 bitcoin. I'll be that Vertcoin's price hits .0001 within the next 3 weeks. It's complete fucking imbeciles like you WHaze, that make coins die. Open your mind, and youll that 20,000 vertcoin getting dumped on the exchanges everyday is whats causing the price to drop faster than a stone. Man i'm begining to think you can't even read..... As I said before, i do think we have a problem and I know the price is dropping. All i'm saying being : i'm not convinced that the amount of new mined coins is causing the price drop and i'm not convinced that halving the block reward will help. LEARN TO READ ! Also, how halving the block reward will reduce the number of coins being dumped?  There will be less coins but according to you they'll be worth more ! So it would be the same. Like I said before, your logic is flawed. Once again, the price is not driven by the block reward but by the buyers and sellers. Dude really? You're not convinced that new coins being mined and sold with no buy pressure causes the price to drop? Are you serious??? Lowering the block reward would mean less coins being mined and dumped every day. So there would not need to be as much buy pressure to just keep the price STABLE let alone go up. DEVS - PLEASE LOWER THE BLOCK REWARD! Lets take a poll, and please post the amount of VTC you currently own. I have 5000 VTC, and I vote- LOWER THE BLOCK REWARD, NOW ME AS WELL. IF the block reward isnt lowered, Vertcoin will DIE OFF. it's price dropped by 80% in less than 1 week alone. |
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Anonymity has spent the past two days tearing apart Monero. Check out his posts on their thread.
Your lies are outstanding... He talked about I2P and protecting against the NSA....Which he wouldnt even bother to do in Darkcoin's thread because anyone with $ can buy up all the masternodes and unravel darkcoins "anonymity", or simply DDOS all the masternodes.. |
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Anonymint was talking about I2P obfuscation and how the NSA is still able to breach any coin, Bitcoin included.
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