At least Karpeles didn't kill anyone! Oh wait, didn't some CEO kill herself because her BTC were on Mt. Gox? I wonder how many lives have been ruined by the downfall of Karpeles. Do we have any numbers?
Stealing $500 million is worse than killing someone. Because for $100,000 you can save a child's life in the developing world, by sponsoring their medical expenses. So a robbery of $500 million is equivalent to killing 5,000 people. In many places around the world you can live on less than $10,000 a year, so stealing $500,000,000 is like killing 50,000 people! I know the son of a billionaire, I should tell him that his dad is killing 100,000 people he isn't busy giving all of his money away, afterall, it's like theft from the world isn't it? Satoshi is letting tens of thousands die whilst leaving their Bitcoin sit around doing nothing, that money can save people right now! In fact I am responsible for some deaths of my own, not giving it to those who are dying of starvation. Don't steal from the world, if your money can be used to save a life do it! Bryant, time to give and stop accumulating Bitcoins! |
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There is BCN with 9 decimal places on hitbtc.com (BCN is now possible to sell or buy there). Is not it strange? I thought that in specification is written " One coin is divisible down to 8 decimal places (divisible up to 10^8)".  An exchange can divide their assets down as much as they want, they can trade Bitcoin denominated down to a hundred places if they wanted to. When it comes to withdrawing it doesn't matter much anyway, you always have to withdraw a minimum amount that will be much higher than the smallest traded prices. Most exchanges won't bother because it just causes more data to be stored in the trading engine database, but I see no real technical reason why they shouldn't do this. Also, this method will allow Bytecoin to be traded under 1 satoshi if the price ever falls that low. |
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Wow, comments up there are.... amazingly ignorant. Monero supporters started celebrating waay too early.  Where are we celebrating? We are fighting for our coin, it's really that simple. Many Monero supporters never supported an alt coin before, we see something great in Monero. But please, what scamcoin would you prefer us to be buying? |
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I'm sure you alluded to the fact Boolberry is the litecoin to moneros bitcoin, ie a copy paste with a few marketing gimmicks added on-top, ignoring the fact monero is a copy paste of bytecoin (which is essentially the tenebrix) - that's the kind of thing I regularly see from XMR proponents.
Ignored? I have addressed this in many posts, I have written about the fact that Monero has copied Bytecoin in a similar way that Litecoin copied Tenebrix. Far from ignoring this point I have spoken about it many times. Tenebrix (Bytecoin) was first in their space (regardless if their space was actually needed [1]). Litecoin (Monero) at first offered not necessarily a technical innovation over their predecessor, but a market innovation. The market innovation was that they were not scam-mined in the beginning. Thus Litecoin (Monero) had to prevail as a reaction to their original scamcoin origins (Tenebrix and Bytecoin). Again, I have spoken about this many times, it is your narrative that I am ignoring it. [1] The biggest difference here, is that Monero's market is needed (A true anonymous currency) and Litecoin's wasn't really needed at all. Who says monero is Litecoin, perhaps it's fairbrix or geist geld? That big ol' botnet ravaged blockchain and command line interface won't be adopted by aunt gemima on her aging HP anytime soon..  On a serious note.. agreed, it is the most like LTC of current crypto-note crop, but who knows .. anything can happen. There was a time Litecoin had a purpose (aside from being able to mine btc and ltc simultaneously), the reason I personally brought and mined it from 2011 was to escape BTC's forthcoming ASIC centralisation, with LTC initially almost everyone (Aside from few insiders) was on level playing ground- 1 cpu 1 vote. but that point is long moot and I agree it offers no tangible benefit over BTC now. I'm curious why you think BBR is a clone of XMR with 'marketing gimmick's' still however. Was it not envisioned /announced at the same time, if not earlier than XMR independently? Do you think this altcoin section has more marketing exposure to BBR than XMR? Do you really believe boolberrys alterations to vanilla cryptonote are nothing more than gimmicks to reel in a quick pump? I know that BBR is a BCN clone like XMR. I know that the additions BBR has made have their advantages, and I know that they are certainly not gimmicks to make for a pump and dump. However I am unconvinced that the changes are enough to warrant BBR overtaking XMR. Hal Finny said that the competitor that overtook Bitcoin would have to offer a huge advantage to overcome the network effects to warrant replacing Bitcoin. I am unconvinced even Monero offers enough change to warrant overtaking Bitcoin, I see Monero overtaking Bitcoin being a disaster and certainly not good the Cryptocoin ecosystem. However, because Monero offers something major that Bitcoin does not, I see Monero taking 2nd place easily. However I cannot see any reason why BBR should overtake Monero, the divide between BBR and Monero technically speaking is very small (And both teams are helping each other out), the difference between Monero and Bitcoin is massive, and still doesn't warrant replacing Bitcoin. I see no logic behind a competitor with small changes overtaking Monero. |
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I'm sure you alluded to the fact Boolberry is the litecoin to moneros bitcoin, ie a copy paste with a few marketing gimmicks added on-top, ignoring the fact monero is a copy paste of bytecoin (which is essentially the tenebrix) - that's the kind of thing I regularly see from XMR proponents.
Ignored? I have addressed this in many posts, I have written about the fact that Monero has copied Bytecoin in a similar way that Litecoin copied Tenebrix. Far from ignoring this point I have spoken about it many times. Tenebrix (Bytecoin) was first in their space (regardless if their space was actually needed [1]). Litecoin (Monero) at first offered not necessarily a technical innovation over their predecessor, but a market innovation. The market innovation was that they were not scam-mined in the beginning. Thus Litecoin (Monero) had to prevail as a reaction to their original scamcoin origins (Tenebrix and Bytecoin). Again, I have spoken about this many times, it is your narrative that I am ignoring it. [1] The biggest difference here, is that Monero's market is needed (A true anonymous currency) and Litecoin's wasn't really needed at all. |
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How will CryptoNote technologies be incorporated into this coin?
I am exploring various approaches, but have not decided on the final form yet I am starting with the assumption that the user will simply want to go "privateSend" and then all the algos crunch away and after some time passes, the funds are available to the receiver. If you look at my discussion thread with AnonyMint, the ring signature idea is actually very similar to the plan I initially had. At the time I wasnt aware of the ring signatures. Now that I am and also have already made a cryptonote fork, I am getting closer to being able to make the right choice. I do have one approach where I extracted the core ring signature algo in isolation and if I can surgically insert that into BTCD core, then it would be the cleanest approach, but would definitely take longer. So, the question is do we want something that is available sooner, but does a two step process with a pNXT conduit, or takes longer and will need a LOT of testing with a pure merging of ring signatures into BTCD. For now I am keeping my options open and implementing the things that either approach requires. It also fills out more of the "jigsaw puzzle" and the more of the puzzle pieces have their place known, the less unknown and the easier for someone like me to pop in the next piece. So as long as I can keep making incremental progress, then eventually at some point I am done Pretty scientific isnt it  The basic theory is that if you have a problem P and can reduce its complexity to P-- and you can keep doing this, eventually it becomes "p" and I finish it in a day James Interesting, so you're attempting to merge CryptoNote and conventional bitcoin technologies? |
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How will CryptoNote technologies be incorporated into this coin?
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BCN looks dead to me. No buy support. Extreme selling pressure on Poloniex. We don't need to mention about BCN any more. The candidate to compete with XMR is BBR - BoolBerry
This isn't the case. Monero has several long term competitors that could eventually ruin us if they do everything right. (Doing everything right is hard!) Boolberry is not one of them. Boolberry is offering Litecoin over Bitcoin functionality where little changes are being hailed as revolutionary. It's the exact same situation I remember with Litecoin, the POW algo, the four times faster transactions, etc... Like I have said many times, if Litecoin overtakes Bitcoin most of the money will leave CryptoCoins for good. The same goes for Boolberry, if Boolberry overtakes Monero it's a signal to the market that no CryptoNote can hold value due to fear of competitor with small changes. If BBR overtakes XMR most of the money will leave CryptoNote and never come back, you'd be a fool to invest after something like that happens. Anyway, Boolberries and Bytecoin are not a threat, Monero's longterm competition are coins that offer a substantially better system. Here they are: Bitcoin The big baddie of the Crypto world, if the development team started reacting instead of being safe, we might have to worry. However I can't see this happenening, and as the value of a Bitcoin increases the willingness of the Bitcoin development team and Foundation to make daring changes becomes less and less. Conclusion: It's too risky. Zerocash The anonymity functionality is quite powerful, however the trouble is it's almost certainly going to be screwed up as someone will have copied the initial accumulator instance/variables and thus will have unlimited mint power. This multicomputation might not even be possible (or it might be years later when it's discovered that their is a way of undoing the giant anonymous computation they seek to use to create the accumulator) Conclusion: It can't be trusted. Ethereum They may be able to build an anonymity (ring sig?) layer on top of their turing complete blockchain, however it might very well be much less efficient than a native ring signature currency. Conclusion: Watch this space, but don't be too afraid of an Ethereum based anonymous competitor. |
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gotta say. i am kind of proud i initiated this top.
even thought it started as a satire to my complain of too many topics, it proved exactly my point. Hoping to get as much exposure as you can any ways necessary except the proper way. sound pretty weak.keep licking the honey pot prematurely. good luck with that though.
I started this because for once an actually useful altcoin comes along and now all the regular altcoin people are whining and whinging about the popularity it's recieving. For all these years I thought the altcoin community were trying to find something that could truly have reason to exist alongside Bitcoin, hence all the altcoins and experimentation going on here. Now Monero comes and is one of the best coins to come out of the altcoin section and proves that all these experiments are worth it, even if only a couple of coins ever emerge with actual utility. But instead of saying "Oh yeah, see altcoins can be awesome!" you are all getting defensive. Seems I was wrong, this section was never about making great coins, it was always about the pump and dump. Monero isn't a pump and dump and this sets us apart from all the scamcoins here. Now I understand why all the scamcoiners are getting defensive. So sad. |
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The investigation is still ongoing.
A pre-hearing conference has been set by the Commissioner for 8/27/2014 and the hearing date has been set for 10/03/2014 @ 10 am.
Thanks,
Shawn
I hope Ken gets destroyed by these people. |
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After hearing that many are positioning such that they hold 100:1 (XMR:BTC), which is about 25% in XMR, or even 400:1, which is more than half in XMR, I also set myself up to acquire a larger position. That was a contributing factor in the rise last week but I am not even nearly done. It just does not feel right to sell XMR to receive BTC when you are already as loaded with BTC as I am.
What would your advice be to people like me (relative newcomers to cryptocurrencies) holding little or no Bitcoin? There are only three coins that hold my interest Bitcoin and Monero being two of them. I'm currently holding at a ratio of 2000:1 (XMR:BTC) with a view to raking into a few more BTC each time the price of XMR doubles. I see the growth in XMR outstripping that of all other coins (including BTC) over the next 6-9 months. If it doesn't perform as I expect in that period, I may then look to pull back. Sound sensible or too bullish? This is all a question of how you want to allocate your risk. My general view is that having some %age of your investment portfolio in high risk investments is good (and that %age depends on your age and financial picture). But the smart way to manage high risk is to diversify into multiple individual high risk investments -- so if you've allocated 1% of your total wealth to high-risk investments, don't put all 1% of it in XMR. But if that 2000 XMR represents only 1% of your high risk portfolio, then what's wrong with it? (I consider BTC part of my high risk portfolio also - but I have about 1000:1 BBR to BTC, and that's a leveraged gamble where I'm hoping that giving source code and technical commentary back helps moderate the risk.) Also your risk should change based on your age and lifestyle. If you're closing in on retirement you might want to put less into high risk investments (bitcoin) and super high risk investments (monero). Also, dga, why are you invested in BBR and not Monero? |
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If you actually want to help I suggest consider helping out the Monero team.
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Maidsafe are having trouble because they are trying to solve the harddiskcoin problem and also trying to reinvent the blockchain.
I was turned off of the project because they are trying to build a system where there is no ledger and as long as a set of nodes see a transfer, that then propagates throughout the network and updates the nodes that a coin is now owned by the new owner and not the old one. However they want all of this to happen without the use of a blockchain.
So they are trying to reinvent the wheel so to speak. Perhaps their ideas have merit but until they drop it and focus on building the proof of resource side of the network and making the coin transfer more conventional, I cannot support them any longer.
I think making a Maidsafe v1 where it has proof of resource but the transfer system and control structure (where what is for example) is stored on a blockchain is a better way to go. Once this Maidsafe v1 works, they can move onto v2.
Maidsafe v2 is the one where they then reinvent the cryptocurrency ledger and do away with the blockchain altogether.
Like I said, instead of being realistic and trying to invent just one thing, they are obsessed with building a system that requires reinventing everything.
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not compatible with bitcoin api. Unless it wants to form its own niche isolated community - go for it.
Adoption will be for the minority and hence will die. Be realistic.
And yes number of threads is stupid. Keep all your shit inside a single ANN thread like everyone else.
Bitcoin API? Funny how Dell.com added Bitcoin even though Bitcoin wasn't compatible with the VISA API. Is it possible merchants will add Monero if the demand is eventually there to make more money, or in your world view, they will go without because it doesn't fit into a limited set of technical specifications? Also Monero is larger than the scamcoins, and thus needs more threads. In fact it would probably be easier to rename the alt coin section "Monero" and put an end to all the scams. |
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will fade away like everything else, the price is already high, no room to grow, and i don't like the name...
The name is awesome, I love it. The price is peanuts for what you're getting, a truly anonymous currency that may easily be the silver to Bitcoin's gold. Room to grow, the technology has huge room to grow, the price has huge room to grow. Thanks for the laugh Amph. |
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I was kidding, but lol.
:p |
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This comment was on another Monero thread, I'm moving it here because it was off-topic for that discussion, and might get legitimate feedback in this thread. I have sent (or will be sending) a PM to the poster with a link to the new location: i like monero and all..
but you guys are spamming now with 1000 opened threads for different topics. please contain your coin topics on a dedicated forum or main ANN thread.
-updated by kbmMaybe we should start a "Complaints about amount of Monero posts" thread? Done. https://bitcointalk.org/index.php?topic=700683.0 |
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The superior alternative cryptocurrency Monero has taken the alt world by storm and unfortunately for the average scamcoin, Monero is taking up all the space in the alt coin section.
This thread is for those of you that really hate Monero getting in the way of your latest scamcoin, so feel free to vent your frustration here!
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Thanks for your reply Anonymint.
If Monero achieves its objective of being anonymous and we can overcome the IP address association issue, then the last hurdle is scaling isn't it?
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