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Check out boolberry (BBR), 2nd true cryptonote with wild keccak algorithm instead of cryptonite. A custom gui wallet and currently working on stratum gpu mining.
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Why does this site give so much importance to popularity? Doge and Blackcoin rated higher than XMR and BBR? Because the devs are working on foundations and innovation instead of marketing? Please. I have to admit that they partially right about website and promotion. I'm focused now on solving stratum/gpu issue, but next priority things todo is: 1. Redesign website (Bitcrea + webdev) 2. Explain BBR features in normal article in human language3. Make binaries for MacOS and Linux to let start with BBR as easy as it possible. 4. Start to promote in twitter facebook etc I might change these steps to: 1. Finish stratum to put the private gpu mining issue to rest. 2. Redesign website. 3. Write an article/paper explaining BBR features and the advantages of using it as a currency. 4. Promote on bitcointalk, twitter, facebook. 5. Add features to the wallet/currency. 6. Increase the number of exchanges that BBR is traded on. We need to create a reason for people to want to use this currency, which means we need features/aesthetics that others don't have. Once we silence the FUDsters with a stratum GPUs and all miners are on equal footing, more people will join the community. I have faith that zoidberg knows what he is doing, and I hope he can create something that no one else can. |
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This is why we should not reinvest, sell our current miners for $7500 ea of which we have 35. This yields $262500 + reinvestment funds would give a buyout of .02. For people who got in early it would be about a ~40% loss, but it's much better than losing any more of what we already have.
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is this coin over , down to the floor?
it's happening to all CN coins at the moment, I see it as an opportunity to buy. The coin is in its infancy and the drop in price presents a unique buying opportunity |
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Or cryptx could do a buyback after selling all the miners and redistribute the current reinvestment so we atleast get some money back...
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Is there a big problem with this coin? people are dumpling it like shit.
Everything is being dumped. what's the problem? No problem. Markets go up and down. Traders are always trying to make profit on coins with any movement. It'd be fun if someone plotted the relative price of XMR vs BBR. I bet it's held reasonably constant -- this price drop also (significantly) affected XMR. I don't pay attention to BCN or the growing army of clones, but I bet that there's a lot of correlation between the entire cryptonote family. With the energy behind both XMR and BBR, it's still very early in the game. A lot more coins will be created (bad for price) and a lot more development seems like it's going to happen (good for price). I'm confident predicting change and continued volatility, but beyond that, who knows? :-) Here ya go for last 26 days:  BTC: gold ALT INDEX (comprised of 22 alts): blue XMR: red BBR: violet BBR has been auto-scaled by a factor of about 3.1 so it can use XMR scale... And the 0.772 correlation is MUCH higher the last 10 days, probably over 0.900. The markets have clearly selected XMR and BBR as Tier One... And then you have the rest of the CNs in Tier Two getting totally crushed. This is great data, but why the difference of 3.1x between the two coins (what underlying fundamentals are the reasoning behind this)? |
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The deal looks good, any reason for not taking it?
Even if we take it, we're still not keeping up with difficulty... So, there's no more profit in mining anymore? Unless btc/ltc ratio goes back up to .03-.04... yes. |
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The deal looks good, any reason for not taking it?
Even if we take it, we're still not keeping up with difficulty... |
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Why does this site give so much importance to popularity? Doge and Blackcoin rated higher than XMR and BBR? Because the devs are working on foundations and innovation instead of marketing? Please. I have to admit that they partially right about website and promotion. I'm focused now on solving stratum/gpu issue, but next priority things todo is: 1. Redesign website (Bitcrea + webdev) 2. Explain BBR features in normal article in human language3. Make binaries for MacOS and Linux to let start with BBR as easy as it possible. 4. Start to promote in twintter facebook etc Once 1 and 2 are done, I think a lot more newcomers will join the community. |
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Yeah it's kinda disheartening, but zoidberg is working hard on the issue as well as many others. It's so early in development there's bound to be a few flaws.
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This seems a likely place to find smart people willing to defend Monero. Can anyone here give good answers or rebuttals to the points below? I'd rather avoid asking in the main XMR thread in case noobs there might be alarmed against the coin before waiting for good counterarguments. Thanks. Darkota, since you want so much to talk about Monero, let's talk.
Pretend I am a millionaire and want to invest in Monero.
Please answer me the following:
a) Who made Monero and why? What was their vision?
b) What had the Monero team done for privacy, before copying the Bytecoin code?
c) Are they really interested in anonymity, or did they try to cash out in the wake of DRK? Why did they make an anonymous coin in May - when DRK was already making a splash? If they were really interested in anonymity, why not earlier?
d) Can Monero scale?
e) Is Monero's PoW futureproof, for providing almost 90% of its coins in just 4 years? Why would someone invest in such a curve?
f) Why would I put my money on something with 2% daily inflation? As a currency, does it fulfill one of the basic criteria - that being an adequate store of value?
g) What is the cost to render the blockchain DOA for someone who wants to kill Monero, in terms of Bitcoins? Can a kid, a hacker, a government spend 10 BTCs and make the blockchain so bloated that it doesn't even load the wallet - killing my multi-million investment?
h) Is Monero anonymous in itself, or does it also need IP obfuscation to achieve anonymity? If it is the later, how exactly is it so anonymous, and how can you vouch for the IP obfuscation network that it will be using? Is there an IP obfuscation network that is 100% reliable for anonymity purposes? As far as I am aware, there is none.
i) Why should I pick Monero instead of Boolberry? The specs of Boolberry are superior and the dev is seemingly doing more work on his own than the Monero devs. Remember I am a buyer and I don't care about who mines what so I don't care about CPU and GPU miners.
k) What happens if the Bytecoin guys (who made the code) discover a flaw, patch it in their own coin and then kill the clones by exploiting the flaw? If they are really underground hackers that hate the Monero copycats, isn't that a real possibility?
l) What is the advancement potential given that Monero is a clone and Bytecoin is the original?
m) What assurances do I have that the codebase is solid? For all I know it's totally untested in public use, being public for 2 or 3 months. Even the boolberry dev openly declares it to be untested.
n) Is it usable by average joe?
o) Is it usable by companies and businesses?
I can ask you questions about Monero all day long if you are so inclined to advertise Monero in the DRK thread.
This one gets bookmarked. The best pieces are actually all around the BCN and MRO threads with all the unbelieveable problems people encounter every day. If I made a list of these perls, we'd be laughing all the way to the DRKbank - but at least they are trying... heh... For example, a while ago Mintpal added Monero and ...money isn't moving around in the chain: Adaptive block sizing means right now it's hard to get money around in XMR chain because it is saturated. However, over the next hour the blockchain will expand its blocksize and this will be less of an issue. Please wait for your tx to be included in the blockchain.
Saturation... "Please wait for your tx"... Yep... That will scale well for prime-time use... Darkota are you still with us? I decided to answer most of the "questions" AlexGR had, we can ask the same for Darkcoin and get a Very very different answer..but I won't get into that.
Is Monero futureproof? Yes, it is realistic in the sense that the coins will have been mined in a decent sized timeframe, after all 4-5 years is quite some time in the "Crypto World"(Look at 2010 to 2014) and a lot can happen between then, whether it be innovation, new/better algorithms, PoS, who knows, but it's sure better than Bitcoin's 100 year+ timeframe..which is frankly very unrealistic Is Monero anonymous in itself, or does it also need IP obfuscation to achieve anonymity? Monero is anonymous itself through the use of Ring Signatures, with Ring Signatures you don't need a 2nd party to obscure your transactions through mixing like Darkcoin's coinjoin for ex. I'm not sure what AlexGR means or if he's just trolling with this question...but IP obfuscation is relatively I2P, of which the Monero Devs have already begun working on creating a C++ version for Monero. Monero with Ring Signatures alone offers the best anonymity for a crypto coin, I2P would be an extra boost of anonymity. Why should I pick Monero instead of Boolberry? Boolberry has had a severe instamine, where at one point, people were making 7,000 Boolberry or 14 BTC per day with the Private Gpu Miner they had, since Boolberry uses Wild Keccak algorithm(which has a private gpu miner) over Cryptonote.
What is the advancement potential given that Monero is a clone and Bytecoin is the original? Monero's codebase has been changed & improved drastically from Bytecoin's, along with improvements in mining and pool software to stop dust transactions etc etc
Is it usable by average joe? Monero atm is not usable by the average joe because of its command line style wallet, and it lacks a GUI wallet atm.
Are they really interested in anonymity, or did they try to cash out in the wake of DRK? Why did they make an anonymous coin in May - when DRK was already making a splash? If they were really interested in anonymity, why not earlier? Bytecoin was found out and made open by a Bitcointalk user in March of 2014, Bitmonero was forked from Bytecoin's codebase after, then it's name was changed to Monero and the dev team was also changed. It's a pure coincidence that Bytecoin was found & Bitmonero/Monero made when Darkcoin started making it's "appearance"
What is the advancement potential given that Monero is a clone and Bytecoin is the original? Bytecoin was first released in 2012 and has been mined steadily by a group of users since then, amounting to over 85% of the coin being mined by that group of users, before it was made public on Bitcointalk. Therefore, that can be considered a 85% premine. Monero has had no instamine as only 7% of it's total coin supply has been mined to date or premine as it was released on Bitcointalk freely, and no hard forks were made to change or reduce block rewards like we've seen in other coins... It is usable by companies and businesses? Monero is usable by companies and businesses, many things have been and are being improved, such as dust transactions to stop Blockchain bloating, optimized miners, and many other fixes(See the Monero Missives in the Announcement Thread). As many know, large amounts of private companies refuse to use Bitcoin because of it's overly extreme transparency where everything is recorded in the Blockchain forever. They may favor Monero simply because it has the ability to send Both anonymous and regular transactions through the use of Ring Signatures, making it the ideal currency for Private Companies/those who value privacy. For BBR they are working on public stratum for GPU and there is a bounty out. He was at one point making 7k BBR but that was at much lower prices, since the difficulty increases he only makes about 1-2k a day. Considering how ~5% of total coins have been mined and he doesn't hold many, I wouldn't consider it an instamine. |
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Gliss, current coins are around 460k, total coins over the next 10 years are so will amount to 18.4M.
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It's highly likely Mintpal will list BBR within the week or so.
They are going to want to get a second note coin up on their exchange.
BBR should be able to breathe a little more being on 3 major exchanges.
Mintpal is irrelevant. BBR doesn't need Mintpal. It needs better pools and miners so that the network is more decentralized. Forget about mintpal. Monero just got listed on Mintpal and it tanked. Mintpal is over rated. I don't understand what the fascination with mintpal is. Let's start by getting on coinmarketcap.com |
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Any chance on boolberry (BBR) getting added?
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I know full well how many dollars of new investment is needed each day to retain the valuation.
As with BTC, it does not matter what the price is. What matters is how many % of the coin you own, if the technology is sound and has a potential to break out. MRO was the first coin with interesting technology and fair launch. That's why I hold approx the same % as I hold BTC.
I mentioned this in ToF, so let it be known here also that I like MRO very much at 0.002, I like it at 0.004, but would not buy over 0.010. Going to 0.020 in the immediate future is a sell zone with an intention to buy back at 0.010 or less.
Emphasis new. .02 may be a pretty fair valuation considering the volume is consistently rising everyday, and mintpal (which is larger than both plx and bter) is adding it Monday. We may even see .01 consistently before Monday. |
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Happy Friday everyone! I am hoping for a weekend rally! I know they aren't all that common, but we could possibly get into the $605-$615 range by Monday if people start buying  Just waiting on auction now... |
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Interesting thread, I would agree that its going upward short-medium term. Today was just a correction and the adoption will come with time.
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Classic bitcoiners, price goes down $70 in 24 hours and its run to the hills. How exactly is there supposed to be a bubble in July with this attitude?
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Need ltc/btc ratio to rise as well.
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Is there any sort of plan from Cryptx for reinvestment seeing as we have almost 100 BTC? Also, is there any plan to buffer the share price? It's already down 30% from IPO.
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