The biggest problem with Monero is that it's being lead by people with zero business sense.
If it were a business your opinion on the matter of our "business sense" might count for something, but it isn't and it isn't trying to be one either. You might reconsider your statement in light of that. I have a pretty good idea you have no clue what you are talking about. It may not be a literal business, but it's a competitive environment that is similar to running a business. Evan is using his experience with finance and investing to not only create an anonymous payment solution, but to create it in a way that most benefits investors. You guys have this false notion that people care about emission schedules. You have very idealistic notions, and that will hurt Monero in the long run. The world is not ideal, and no one will use Monero just because it's the fairest coin. Evan understands this, and the instamine actually allowed him to fund development, while you guys have to beg for donations because of your stupid ideals. It's a shame, as I will freely admit that Cryptonote is a more elegant solution than Darksend. |
|
|
|
|
The biggest problem with Monero is that it's being lead by people with zero business sense. The team is infected with this misguided sense of "fairness" or similar garbage ideals. You can see the manifestation of this idiocy in Monero's emission. Among the worst I've ever seen. Instead of releasing quickly, and thus having low inflation, Monero releases over about 4 years, dramatically limiting returns.
The developers don't realize that very few people make investment decisions based on emission schedules. If you need evidence, look at how Darkcoin is rising as you guys spread the news of the instamine! Is there any more obvious way to beat it into your heads that people don't care?
|
|
|
|
|
I don't think the Monero guys are going to get anywhere with this. People just don't give a fuck. All people care about is whether the technology works. I don't think that anyone has traced a Darksend transaction, so unless that happens, you guys are getting nowhere. Another criticism I see is that masternodes "unfairly" benefit the holders of the coin. I, and many others, see that as an important feature! It also does wonders for the price.
You guys can build your fair and morally grounded coin. Just know that the market doesn't really give a fuck about those things. That's why I supported cutting the emission of Monero. Better to mine quickly like Darkcoin did, and then have a very low emission afterwards. Sometimes I regret that Monero isn't being lead by more business savy people, like Evan.
Darkcoin changed its emission several times. Did that preclude it from being successful? No! You can do anything you want,(within reason) and people will just shrug and say "meh, it's still the best out there" and use it anyway. If you guys don't understand it, the market will eventually teach you.
|
|
|
|
Can someone explain whether Peter Todd's concerns from the Reddit post a few days ago are valid? What is the plan as far as mixins go?
You have to first understand his concerns correctly. He said that you can decode mixes with the cooperation of the other mix members. How are you going to do that in practice? It an important concept to understanding in analyzing how mixes work, but it doesn't get you to anything like an exploit, deanonymizing, tracing, etc. As far as our own analysis of mixing and plans for improvements you should review MRL-0001 and MRL-0004 at lab.getmonero.org. Thanks |
|
|
|
|
Can someone explain whether Peter Todd's concerns from the Reddit post a few days ago are valid? What is the plan as far as mixins go?
|
|
|
|
|
So is this game text based? No graphics/client?
|
|
|
|
|
Because Darkcoin is the master race of cryptocurrencies. icebreaker, you're as clueless as the guys claiming Bitcoin is a Ponzi scheme. Troll harder.
|
|
|
|
Ugh, moral crusaders. Fine, don't hire them, the community seems to be doing that job well enough. But do prioritize your time. Anyone can be a righteous crusader, pointing out evil wherever it dwells. Use your time to code. Anyway, just make me rich and we're all good.
Brilliantrocket you always make me laugh. For the longest time with all your Monero heckling I thought you may be a remnant of the Bytecoin trolls, but I've since decided that you're just self-serving (I don't say that as if it's a bad thing). Thanks for keeping us on our toes:) Haha no problem. Just want to point out that your professionalism was one of the significant motivating factors that lead me to finally diversify into Monero. |
|
|
|
Giving one's opinion on a topic of relevance is not being a "moral crusader". Labeling someone who does is really not an effective response. Though I'd also say the documented facts (as opposed to opinion) such as those I laid out a few posts back aren't as well known as you suggest. I would guess you didn't even know those, right?
Note by the way, that I have never said that DRK is a bad investment, short term at least.
I won't deny that I wasn't aware of some of the things you pointed out. I'll give you that much. |
|
|
|
May I suggest that the Monero core team hire others to disparage competitors, so as not to compromise the speed of Monero's development?
Concern trolling much? No one is actively "disparaging competitors" and we certainly aren't going to hire people to do it. We are criticizing an instamine/premine scam with mediocre technology. It doesn't even matter whether it is a competitor or not (a reasonable argument has been made that it isn't). Bytecoin wasn't a competitor of anything when I criticized their ninjamine/premine scam, for example. I don't play favorites. Ugh, moral crusaders. Fine, don't hire them, the community seems to be doing that job well enough. But do prioritize your time. Anyone can be a righteous crusader, pointing out evil wherever it dwells. Use your time to code. Anyway, just make me rich and we're all good. |
|
|
|
You should know that for something to be fraud, there must be deception. As I've stated before, the DRK instamine is well known. DRK has FAQs that address it. It's 100% out in the open. First of all, being buried in a huge FAQ is not "out in the open". Is it stated on the OP along with the coin parameters? Is it included in specifications page on the web site? Those are places where normally relevant facts and parameters about the distribution of a coin are stated. Answers: No and no. Second, if this is all "out in the open" why do DRK supporters get so upset about it being discussed, attack the person discussing it (including claimed doxing, though I doubt that was accurate), go onto other coin threads complain about it being discussed, etc.? Third, the DRK FAQ itself is little more than a vehicle for further deception: 1. It claims the instamine took place over 48 hours. In fact the main part of the instamine (approx 1.5 million coins) happened in just 8 hours 2. It claims definitively the coins were sold/distributed (and makes other unsupported statements) when in fact this is entirely unproven and in fact unprovable. 3. It offers no disclosure about some relevant events surrounding the instamine that cast a negative light: a) Evan promising not to launch for a few days and then doing an ambush launch shortly thereafter with 2 hours notice. b) That there was a "serious error" in the code during the first two hours of the launch, during which time >500K coins were mined by someone somehow. c) Any statement about the goals or planned features for the coin was withheld until after the instamine was over. In order to have any reason to mine this coin during that time you would have to literally mine every single generic featureless coin launch, or simply be extremely lucky, which is implausible for any outsiders. In this way the instamine was effectively a premine. d) Several cuts to the mining reward that were made later (including redirecting them to masternodes i.e. existing coin owners), increasing the relative size of the premine. Ask yourself: why is it that every single thing that has ever happened before during and after the launch, as well as the subsequent supply of the coin, had the effect of decreasing outside participation and increasing share that benefits insiders? If these were a "mistake" or "accident" you would expect half to fall one way and half the other. Sorry, I don't buy this "coincidence" Have fun with your instamined/premined scam coin, and go right on running it up as high as it'll go, just don't expect others to remain silent about it. Perhaps some of those things might rise to the level of deception. Even so, the creator of a cryptocurrency can distribute it however they want. My opinion is that anyone outside of the crypto community will view every cryptocurrency, no matter the distribution as being premined. They didn't mine it, and a small number of people did, so in their eyes the entire thing is unfair. The nuanced difference between DRK and a "fairly" distributed coin won't register with them. So the entire issue is moot, imo. May I suggest that the Monero core team hire others to disparage competitors, so as not to compromise the speed of Monero's development? You don't put your management on toilet cleaning duty, after all. |
|
|
|
You sound like a corrupt politician absolving himself of responsibility. Just because you can't make a horse drink water doesn't mean you lead him further into the desert.
If the horse refuses to drink, what good is it? The strong prosper and the weak perish, regardless of your futile interventions. Such is life. |
|
|
|
You should know that for something to be fraud, there must be deception. As I've stated before, the DRK instamine is well known. DRK has FAQs that address it. It's 100% out in the open. You can call it unethical, but ethics are subjective. There are those who would say that gambling is unethical. As far as security goes, nothing is 100% secure until we're all using open source hardware. Haven't seen any commentary on that far more important issue. (Suggestion: incorporate the development of an open source hardware storage device into the Monero objectives/mission statement as Skycoin has done. https://bitcointalk.org/index.php?topic=380441.msg10594612#msg10594612) Monero has way more to gain by building itself up than by tearing others down. If DRK is built on a flawed foundation, as you seem to think, then it would follow that it will eventually crumble. I have searched the website and FAQ and didnt find anything about the instamine. If I'm wrong link me to it please. |
|
|
|
Yes, but burning how many people with it as it crumbles? And financially burning would be the least destructive outcome, what if there are serious repercussions due to compromised "anonymity"?
This could lead to people having their lives turned completely upside down and ruined by governments.
That's not something that you, or anyone in fact, can stop. People will do what they want, and face the consequences accordingly. |
|
|
|
I'm invested in both Monero and DRK. I don't care who wins. In terms of potential profit, I actually stand to gain more from Monero, just because the DRK-XMR rate was so favorable when I diversified. That being said, why are Monero lead devs trolling Darkcoin? Are you guys fucking brain dead? Do you not realize how terrible that looks? If you guys spent half as much time working as trolling, Monero might actually be usable by now. This criticism applies to Smooth in particular. Get your head out of your ass bud.
I think "investing" is about much more than profit. I would not feel good investing in military companies and profiting via war/killing. Likewise, but on a much lesser level, I would not want to profit from an instamined coin who has potentially serious security issues. Another moral issue that I stay away from. That is an investment in a future failure and it brings the whole ship down with it and does wonders for destroying the image of Crypto. So, one should not equate brain dead people with exposing fraud, security issues, etc. I'm not gonna name call but what do you call those who associate themselves with that? You should know that for something to be fraud, there must be deception. As I've stated before, the DRK instamine is well known. DRK has FAQs that address it. It's 100% out in the open. You can call it unethical, but ethics are subjective. There are those who would say that gambling is unethical. As far as security goes, nothing is 100% secure until we're all using open source hardware. Haven't seen any commentary on that far more important issue. (Suggestion: incorporate the development of an open source hardware storage device into the Monero objectives/mission statement as Skycoin has done. https://bitcointalk.org/index.php?topic=380441.msg10594612#msg10594612) Monero has way more to gain by building itself up than by tearing others down. If DRK is built on a flawed foundation, as you seem to think, then it would follow that it will eventually crumble. |
|
|
|
I'm invested in both Monero and DRK. I don't care who wins. In terms of potential profit, I actually stand to gain more from Monero, just because the DRK-XMR rate was so favorable when I diversified. That being said, why are Monero lead devs trolling Darkcoin? Are you guys fucking brain dead? Do you not realize how terrible that looks? If you guys spent half as much time working as trolling, Monero might actually be usable by now. This criticism applies to Smooth in particular. Get you head out of your ass bud.
So we would all have to shut up, not calling out one of the largest scam going on? We would all have to shup up, including the lead devs who are also respected and knowledgeable members of the community appart from what they do with Monero. And why? Just because DRK pretends to be "private" and thus might look like it's competing with Monero? So we would have to self-censor on this one specific scam? If paycoin had claimed to be anonymous, everybody in Monero would have to shut up and pretends it's all good and honest? DRK fanboys complain that people keep bringing the instamine. Good luck, because it will be called out forever. DRK first 24h of coins emission: https://i.imgur.com/dSe9cRz.jpgEveryone knows about the instamine. There have been tens of threads about it, with tens of thousands of views. The DRK community isn't even trying to hide it FFS! Do you guys think you're accomplishing something? My view is that very few people actually care about the instamine (outside of competitors), but hey, I could be wrong. That's why I played it safe and got into Monero. |
|
|
|
|
I'm invested in both Monero and DRK. I don't care who wins. In terms of potential profit, I actually stand to gain more from Monero, just because the DRK-XMR rate was so favorable when I diversified. That being said, why are Monero lead devs trolling Darkcoin? Are you guys fucking brain dead? Do you not realize how terrible that looks? If you guys spent half as much time working as trolling, Monero might actually be usable by now. This criticism applies to Smooth in particular. Get your head out of your ass bud.
|
|
|
|
IF it happens i'd say Monero (XMR)
See my sig for the ANN thread.
It's currently #7 on coinmarketcap if you exclude non-mineable and premined coins and #5 in trading volume.
Shit excuse You must mean shit exclusion  |
|
|
|
|
The main effect will be the Ethereum employees having a good time with the investors' money. They'll make some excuses for why nothing of value was accomplished and move on to something else.
|
|
|
|
|
Show Posts
