Reason is because Monero doesnt have an official GUI yet. There are GUI wallets you can use, but they're not the "official" monero gui wallet.
I seriously doubt that. I think it's already priced in. People are not so dumb to value the currency completely differently if there is "official" on the name of the GUI or not. To me it's like mintpal, everybody was like "it will skyrocket", but in fact this was completely integrated in the price already. You overestimate how dumb people are. Any sort of news can send a coin skyrocketing or crashing in the world of cryptocoins... incase you haven't noticed. |
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They're doing this the right way. In real life, people that work for corporations take their time and apply fixes, they don't rush through things and give half arsed "solutions"
Would you rather have half arsed work that cause major problems down the road? Or rather have well done, professional solutions applied for today and with the future in mind?
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First of all, it's Very Likely that most of the "IPO investors" for NXT were simply sockpuppet accounts, as No taint anaylsis was done whatsoever. Also, check the NXT richlist, the first 50 accounts own over 48% of all NXT there is. You call that good distribution? That's downright laughable.
No need to increase the font size. Nobody wants to talk about Nxt right now. Please, stay on topic. With 100% PoS, the early investors get Everything. With 100% PoW, the early investors get more reward, but they almost always sell early, and there is Always a chance for latecomers to buy their own mining equipment and get coins themselves. |
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You can only buy into a IPO for a limited amount of time with PoS.
With PoW, you can mine for decades to come.
PoS has horrible, unfair distribution and it will always be that way, simply because PEOPLE(the devs) choose who gets what amount of coins. You have to rely on them, with PoW, you don't have to trust anyone, you can go buy a mining rig and get your own damn coins.
100% PoS will always be shit and never go anywhere.
HOWEVER.
PoW transitioning to PoS over time is the best method, it's better than 100% PoW and way better than 100% PoS.
Again, people who got in earlier got more coins, and people who threw more money into the fanciest highest powered rigs, get the most coins out of it. And yes the devs chose who got which coins but let's say when it comes to Nxt, the people who got the most coins were those who threw in the most money.. I haven't heard any of those who got in on the original IPO complaining that they didn't get their fair share.
With 100% PoW, the early investors get more reward, but they almost always sell early, and there is Always a chance for latecomers to buy their own mining equipment and get coins themselves. |
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You need to look at this other thread instead: https://bitcointalk.org/index.php?topic=630547.0I'm hopeful that the senior members here would kindly deliver one of their interesting analysis, addressing the potential threat from XC. I'm not knowledgeable enough on the privacy implementations to discern an advantage here or there. The major downside with XC, for me, is that a) I don't hold any, and b) it's already turned PoS only. Cheers, ~Myagui I've looked at XC for a while....it simply uses coinjoin and calls that "anonymity". And that is considered laughable..Read Gmaxwell's posts, he is the creator of coinjoin, and has said himself that it is not anonymous, even the slightest bit of taint when mixing and it would be possible to discover who sent what and where. All coinjoin does is mix transactions around, that's it, it shouldn't be considered anonymity. |
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That thread is locked...lmao The real xc thread is moderated. Reason is because Monero doesnt have an official GUI yet. There are GUI wallets you can use, but they're not the "official" monero gui wallet. |
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You can only buy into a IPO for a limited amount of time with PoS.
With PoW, you can mine for decades to come.
PoS has horrible, unfair distribution and it will always be that way, simply because PEOPLE(the devs) choose who gets what amount of coins. You have to rely on them, with PoW, you don't have to trust anyone, you can go buy a mining rig and get your own damn coins.
100% PoS will always be shit and never go anywhere.
HOWEVER.
PoW transitioning to PoS over time is the best method, it's better than 100% PoW and way better than 100% PoS.
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For someone who apparently dislikes bytecoin darkota is constantly on here following every post. Must not have anything better to do. Nothing going on with darkcoin or what?
Darkcoin is getting ready for RC4 I've seen. Where the 10 Darksend limit is removed and many other changes. |
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Banned for having a name reminding me of Dragonballz.
Banned for using the term "Dragonballz". I don't know what that means. Banned for not knowing what Dragonballz is. ( http://en.wikipedia.org/wiki/Dragonballz) Banned for not expressing hardcore Dragonballz fanboyism. |
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Good try, darkota, but no one takes you seriously.
As soon as everybody has exposed you there is no fools who would believe in your words
Really? Would you mind taking a look at the Bytecoin Blockchain, then try and deny that it had a 80% premine. Your own coin's blockchain is freaking proof of the premine genius. |
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BCN was freaking premined 82%
The proof is the Blockchain, that shows that over 150billion bytecoins was premined between 2012 and 2014 by a small group of people, and the total coin supply is only 180billion bytecoins, so that group premined over 82% of all bytecoins there will ever be.
Bytecoin was purposely kept hidden from the world. Even bitcoin itself was advertised by Satoshi on a cryptographer mail list, that is read by tens of thousands of people, Bytecoin wasn't mentioned at all by any of it's preminers, myself and many other people(hero members, devs) have seen Nothing at all regarding Bytecoin before 2013, so that means it was Kept Hidden from the world..
Bytecoin has had no mention at all for the 2 years it was premined by those group of invidiuals.
People are so damn stupid and ignorant, how the hell could you support a coin with a 82% premine, and it was purposely kept hidden! This is astounding.
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Banned, for using no punctuation.
Banned for comma before subordinate clause. Banned for being a grammar nazi. Banned for having a name reminding me of Dragonballz. |
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I wonder how much Gliss was paid to remove the BCN premine flags and shut up about it? It's sad that people are so easily bought.
I guess this is why everyone is moving to CoinGecko.
Probably paid by one of the people who premined 82% of all Bytecoins. |
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Me thinks, the only thing they can really work on together, is some kind of unified I2P network that is REALLY GOOD.
Monero and Darkcoin both plan to add I2P. |
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I think now, that there are only 3 coins with working/promising anonymity features that will succeed longterm.
That includes Darkcoin, Monero, and Vertcoin. All 3 represent different types of anonymity and are the Only anonymous/privacy centric coins that are worth considering/looking at.
Darkcoins anonymity comes through the use of Masternodes, which help to strengthen the network, get rewarded for doing so, as well as make it impossble to see the senders and recievers in a transaction.
Moneros anonymity comes through Ring Signatures, which provide the highest known level of anonymity and which makes it impossible to see who the senders and recievers in a transaction.
Vertcoins anonymity comes through the use of Stealth Addresses, which is similar to Ring Signatures in a way, and provides privacy without the need of a mixer.
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Litecoin offers nothing over Bitcoin. It's already failed.
And please dont say that Silver to Gold bullshit.
Silver has properties over Gold that makes it valuable. What does Litecoin have over Bitcoin that maks it valuable? Nothing.
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I find that arguments against PoS remind me of arguments made by people years ago against Bitcoin. A lot of people mainly focus on arguments that boil down to "PoS isn't backed by anything whereas PoW is backed by work". But that's pretty irrelevant when you look at the bigger picture.
I think PoS is inevitable and as the kinks in the system get worked out it will eventually become the standard in cryptocurrency. That might take a while though. But theoretically it's clearly superior in my opinion. It's even more so likely when you consider the state of PoW now with the problems that have arisen from mining pools. It makes PoS look like a better option without even having to really reach very far.
If the main argument against PoS comes down to the fact that someone could borrow the majority of the coins and attack the network, then that's pretty weak considering it relies something that stakeholders can control - lending their coins. Compare it with the same type of attack on PoW, where a malicious entity gaining majority control over the network is not something any coin holder as control over.
PoW is great for the time period where we don't have the technology to deploy a robust PoS system. Are we still in that time period? Maybe. But it's doubtful that the market will allow an inefficiency like that to last forever.
I agree with those points. The Main, Main, problem is, the distribution of purely PoS coins. No matter how I look at it, even if they distributed to 100,000 people, it's still unfair, simply because everyone else didnt get in on time and gets nothing, unlike PoW, where you can always mine and get coins yourself. I don't mine coins so I don't really see how PoW is more fair. Yes, I could buy hash from a 3rd party. But I could also buy coins from an IPO. What's the difference? I just don't see what's inherently unfair about it. People risk their capital just like they risk their capital mining through hardware and power costs. It's almost like arguing that capitalism is unfair. It's not like you can't buy the coins on the open market. They're available to anyone. I don't own any PoS coins at the moment either btw. The difference is an IPO is only available for a Limited amount of Time. For most PoW cryptocoins, you can mine for decades to come... |
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I agree with those points. The Main, Main, problem is, the distribution of purely PoS coins. No matter how I look at it, even if they distributed to 100,000 people, it's still unfair, simply because everyone else didnt get in on time and gets nothing, unlike PoW, where you can always mine and get coins yourself.
Cut the crap, dude. I can't mine any bitcoins with my laptop even if I jumped over my head. I have to spend cash to buy coins, I don't give a damn if it's PoW or PoS, I'll buy what I think is more advanced and more efficient and what I assess will appreciate more in the future. That's the line of thinking most people have or will have if we ever arrive to the era of crypto currencies used by common folks to buy coffee. Do you think I'm talking about Bitcoin? Mine any other PoW coin, their distribution, even Darkcoin's 50% instamine is 10000x more fair than NXT's 100% premine in the hands of a few people. The market doesn't go after "what is more advanced" or "efficient" so fast, or else we would not using. |
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Look at the profiles of the last five posters. Created in last 2 months. Start posting in off-topic/politics. Only post about CN coins, never about other coins.
Yeah .. the same type of horde was presented in the BCN thread, and also were heavily present around the shift from the BMR to MRO thread. Sockpuppets are a common occurrence in all of these threads. OFC you can say the same about mine; however, I have only one active profile at a time .. not that it makes a difference but it would be pretty awkward for me to use multiple accounts simultaneously. It's fun to speculate why they're around though. Either BCN promoters, CN promoters, paid marketing competition from another altcoin, paid competition from a totally alternative group perhaps not relating to any currency at all, someone just bored, anything really can fit .. the main theme that seems to be present for all of them is that they usually post highly suggestive, non-targeted, potentially offensive, comments designed to be mostly passed over -- but noticed (perhaps unconsciously) -- in order to cause general confusion without inciting an argument. There were also some in the DRK thread, but IIRC they usually just copied and pasted previous comments .. but it can't be confirmed whether or not these are the same people. Personally I'm guessing just someone's subliminal advertising marketing group .. but who's to know? Best advice is to just know when they're around and, after recognition, give a factual answer if possible .. so that anyone else reading the comments doesn't get sucked into the trap. They're most likely all shill/sockpuppet accounts created and used by one guy, especially cause you see one of them go offline, and the other goes online right after, aka PizzaTraveler is online now, and all others are offline. It's really pathetic, but that's how some people are. |
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Bytecoin's 82% premine can be found on the blockchain, and has been verified by many Hero Members and Developers themselves.
Furthermore, the individuals premining Bytecoin purposely kept it secret, Bitcoin for example was shared on a messaging board with 10s of thousands of readers, Bytecoin was never shared on any boards to open it up to the public, making it's premine inexcusable.
Is it necessary to put a finger on a "capslock" button? I'm kiddin. But large-scale font is looking stupid too. And it's also funny that you compare Bytecoin to bitcoin, but not to Monero. Maybe XMR is premined? Really? Only 7% of all XMR's have been generated, it has not been premined, neither have any other of the cryptonote coins been premined, except Bytecoin which has been premined 82% |
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