Ok, so you resort to trolling and conspiracy theories. I'm sure Satoshi was also Gavin Anderson's twin brother from an alternate future. After all, it shows incompetance on Satoshi that Bitcoin's code wasn't vetted enough to allow for the bug that created billions of Bitcoins right?
Trolling/Conspiracy Theories isn't getting you anywhere.
Scam or incompetence, pick one. I respect scammers, so I hope it was a scam. |
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I also bet that Satoshi was a NSA agent and shill account, who conviently left right after Gavin Anderson went to have that meeting with the CIA. Stop trolling.
And that's why I respect the way that the Monero team conducted their scam. Plausible deniability. Honestly, I'd prefer if it went the way I think it went. Otherwise, it just shows incompetence on the part of the Monero team. "We don't like the Bytecoin scam, so we'll just take over a copy/paste clone without vetting its code!" Genius! |
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Are you slow or trolling like everyone else? The Monero dev team did not release Monero. Thankful-for-Today did. Even then, saying it was a "scam" is Subjective and a stretch, as the only thing that was controversial was the deoptimized miner, to which Thankful-for-Today did not take advtange of.
Read the last part of my post. I'd bet that TFT was just a shill account that was actually owned by one of the current Monero devs. Convenient that he stopped posting right after the Monero takeover. Don't get me wrong, this makes me respect Monero more. |
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Let me sum it up entirely:
Dash:Evan Duffield who is Dash's developer, released Dash before it's intended release date and started mining it then. This means Dash also has a premine as well. During the first 2 days of Dash's existence, there was 500 coins per block that was being mined, and from that, 2million+ coins were mined. After 2million+ coins were mined in the first 2 days, the 500 coins per block output was reduced/sliced and diced to under 100, instantly making those instamined/premined coins worth more. Then to make things worse, the max coin supply was cut from avg. 80million to 20million. However, the likely scam/fraud didn't finish then, as all of that was done while mining was restricted to Linux-only users(90%+ of all people use Windows), and for a period of time, the only person able to mine Dash was it's developer, Evan Duffield, as the public miner wasn't working. What to gain from that? Well for starters, Dash started off as a likely undeniable scam. It's Objective, as the history of this is recorded in the blockchain. None of this is personal, nor opinionated, it is all Fact. To make things even worse however, there's still an address that owns 11% of all Dash currently in existence, with inputs dating back to the instamine: https://chainz.cryptoid.info/dash/wallet.dws?559582.htmMonero:Thankful-for-Today released Monero as a fork from Bytecoin. Bytecoin had a deoptimized miner and so this miner was transferred onto Monero(making it unoptimized technically). There is no report of Thankful-for-Today taking advantage of that at all, as the github has been untouched, and Thankful-for-Today has nothing to do with the current 7 member Monero dev team. The people that mined at this time make their own optimized miners since they had the skill for it, and they also released a public article and presented the fact that they sold all the coins that they mined during this period. What to gain from that? Well, Monero's distribution is superior than most other cryptocurrencies, as the coins mined early on in this period were all sold to an array of new buyers, negating any effects of the unoptimized miner. Also, Monero's beginnings is Subjective, as there's no clear evidence that Thankful-for-Today even knew the miner was deoptimized in the first place when he forked it from Bytecoin.
Conclusion: Everything said against Monero's Launch is Subjective and Opinionated, just like saying "Satoshi worked for the NSA" is subjective and an opinion. However, everything said against Dash's Launch is Objective as the history is recorded in the blockchain, Dash did have an extremely controversial instamine/premine and that's a fact. If any trolls argue against either/or, please show them this post. So the Monero team did a better job of covering their scam up by using plausible deniability? You know what, I can respect that. Might even buy some more Monero. I think Dash could have benefited if Evan did the same thing. Just have his "incompetent" buddy launch the thing, then stage a community takeover. Slick move, Monero devs. |
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How underwhelming. I always figured that the battle against human enslavement would involve big robots and a renegade AI.
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I still don't get what you Monero guys are trying to accomplish here. This instamine business won't kill the coin. That's not how life works, I regret to inform you. People won't abandon an income generating enterprise simply because of its shady past.
Take this extreme example. During WWII, Mercedes used Jewish slave labor. IG Farben produced a product that directly enabled the extermination of millions of human beings. Not only do many companies with such histories continue to exist today, but they've managed to cleanse any association with the holocaust from their public image! To me, this implies that people have a short memory, and that they will brush unpleasant events from the past aside if it means they can make a buck.
If you want Monero to succeed, the only option is to make it better than Dash. Good luck convincing people to buy a coin that inflates wildly, eroding their investment, rather than one that brings returns.
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My strategy is to only buy coins with unfair launches. It's worked out pretty well so far.
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So my simple question to Brilliant Rocket is this, "If another coin is offering a better incentive for operating a masternode and the price starts rising exponentially, will xdarkdashians hold out of loyalty or move to where the most profit is?
And I swear I'm not trying to convince myself to buy crave or other centralizing node junk. I'm just pointing out a very likely scenario.
I do agree that services that reward people for holding are a good idea, I just don't think we should be using flawed models as inspiration.
Why does it have to be one or the other? I've looked into other coins with masternodes, but haven't found any that I've liked. If in the future someone uses masternodes to do something interesting and useful, I'd consider buying in. Yes, the masternode system does create a perverse incentive for node operators to attack each other, as Fluffypony pointed out, but I somehow doubt that this will manifest on a large scale. |
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Your trolling is illogical. Why would someone restart the blockchain when it's already been used by countless people since it's release? Restarting it at that point would be scam-like.
Unlike Dash, where it had more than enough time to restart the blockchain during it's 2 day instamine scam.
Countless people? In what, 2 weeks? Please  |
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Instead, I am beginning to think that the most successful coin will give its users some kind of benefit for HOLDING it. Darkcoin masternodes and Proof-of- stake provide this motivation in a flawed way, but the idea that there should be motivation to hold is sound, and I've come to believe that this is the final key to unlocking viral growth of bitcoin.
Like central banks, Masternodes and other PoS schemes use centrally/locally determined/conjured magic numbers that should be set by the market, not core devs. It is a category error for the software to (attempt to) explicate, in a vacuum, the appreciation motivation with specific reward values better found by the invisible hand, within the totality of the economy. Evan's invisible hand puts the Dash right in my pocket! Monero's lack of revenue generation makes me sad  |
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Do you regret releasing a scam miner for the monero launch? Do you regret not taking more time to actually evaluate the code of the coin you took over or did you profit greatly from the scam as well? I wonder if you regret those actions.
Your upset because you dev a coin that is not doing well compared to its competitors. Instead of actually competing, you decide to sling mud.
Smooth, why didn't you re-release Monero once you found out about the scam miner? Also, do you regret the scam miner? I'ts just a simple question, as simple as the one asked in this OP.
He can say that he doesn't regret it, because officially it was TFT who started Monero. By having his confederate (or alter ego?) do the deed, Smooth has removed himself from overt blame. Relaunch it? No, because then all of his scammed coins would disappear. |
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Despite what the detractors on this thread say, I like Evan far more than any other coin dev. He has the balls to do what needs to be done to bring profits to investors. I'll take profits over whatever the Monero guys are selling, thanks.
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You guys do a great job of reminding me of Evan Duffield's genius on a daily basis. Thanks.
Not a problem. If your idol is a 'genius' who exploited a cryptocurrency to fraudelently enrich himself in 2 days of instamining, then by all means worship him. I don't hold myself to such low standards as to praise scammers. I only invest in coins where I can get an unfair advantage over others. I respect and praise anyone who allows me to get that advantage. If a coin is too fair, it limits my profit, so there's no point in supporting it. |
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You guys do a great job of reminding me of Evan Duffield's genius on a daily basis. Thanks.
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I see its only the Trollero fans in here circle jerking each other.
Well done guys, keep up the good fight!
Fact: Over 500k coins were mined in the first hour. Fact: Over 1.5 million coins were mined in the first day. This poll is highlighting facts, so what can you do but make it an us versus them scenario to fit the, "They're out to get us!" narrative that has nothing to do with facts? If you don't want to defend an instamine, then don't defend an instamine. You guys keep repeating these things as if you expect something to happen. People know that 2 million coins were instamined over 48 hours. Personally, I'm happy that the instamine occurred. In fact, the lack of an instamine in Monero is one of the reasons that I favor Dash and don't buy more Monero. If I don't feel like I got an unfair advantage over others, I just can't get behind a project. |
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How many Monero do I need to have in order to be called an XMR whale?
>1% of the existing coin supply IMHO. So like how many coins is that and how much do you think it would cost? Are we talking 4 figures, 5 figures, 6 maybe What's your take on this There are currently around 7.4 million Monero in circulation. So we're talking an investment of roughly $37,000. |
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You need not tell us what to type about in our own thread.....
Deal with it or take yourself back to your own thread - - - trolerol bag hodler
I don't think that furthering animosity between our community and that of Monero will yield anything positive. |
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I think that the members of the Dash community need to start a fund to promote the mental health of the Monero community. Clearly, the fact that our coin is worth 6x as much as theirs must be causing some serious mental issues.
In particular, I'm concerned about Smooth. Once he made real contributions to Monero, wrote actual code. Now, he's just a shell of his former self. Instead of doing something meaningful, he pursues a rather quixotic quest; disparaging Dash. Righting all the wrongs, all of Duffield's terrible deeds. Megalomaniac delusions of Dash's destruction must dance around in his head every time he makes a post. Without intervention, his rants will give way to delirious ravings.
Smooth, this is that intervention. But for us to help you, you've got to be willing to help yourself.
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Not looking good for Monero atm. I would not be surprised if it hits low .001s sometime in the next few months. Development seems to be moving along at a snail's pace and inflation won't get to reasonable levels until early-mid 2018. Not expecting any significant profit (1 XMR=$10+) until 2017 at the earliest. I won't buy more until the price drops below 25 cents, or the Dash/XMR exchange rate gets to around 20.
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in a week price down of 40% - why?
High inflation prevents bubbles? Just a guess. Also, it seems like a bunch of people sold with the intent to buy back at a cheaper price. |
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