Too late though.. Cloak has already figured it out and wil always do it better then drk.
PoSA is out and in the open..
Bouyaaa!
Here is why I don't touch currencies like Cloakcoin and Blackcoin. One of the strengths of Bitcoin and Darkcoin lies in the ongoing proof of work. Anyone entering the field today can see that there are still lots of coins left to be mined. This fact subtly enhances the appeal to newcomers. When a newcomer first sees the capital investment required to secure a PoW network, it strikes an impression. The GPU and ASIC farms actually lend credibility to the concept of and value within cryptocurrencies, as they provide a tangible link between the currencies and the real world. I won't even touch upon the security reasons for PoW vs. PoS. Why did Cloakcoin only have a 7 day proof of work? To grossly reward the miners with the full distribution of coins up front (minus the inflation subsidy). This is disguised as fair distribution when, in today's reality of renting mining rigs by the day, it enables the equivalent of instamining the full supply. It's cheating, plain and simple. It has been well discussed how Darkcoin did not have a smooth launch. Say what you want about the early days, accidental instamine or otherwise. At least the community can say that only 20% of the full supply is out there. Darkcoin is designed for the long haul, just like Bitcoin, and I applaud Evan and team for taking the long view. And yet these trolls have the audacity to call Darkcoin an instamine. PoS= garbage |
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I don't see any overt flaw with the fundamentals apart from the bloat. I'm even open to investing in Monero, if the bloat can be fixed. Anonymint has stated that it cannot, but perhaps he can be proven wrong, who knows?
My main issue is with the Monero shills who try to misrepresent where Monero is in terms of completion. Just read your own thread to see the crippling issues that people deal with on a daily basis.
You're conflating - the conversation you were involved in was about the "best" anonymous coin, not the most usable or the most feature-complete. The person referred to ZeroCoin, so clearly they're talking about the "best" with regards to the degree of anonymity provided. Bloat is something we know about, but not something we're concerned with solving right now, so stop bringing it up. Rehashing it is a strawman argument. Nothing will be truly anonymous until there is an IP solution (not I2P, which is offers only illusory protection) and open source hardware. Bloat is an issue, no matter how much you try to divert attention away. It exposes your coin to centralization and makes it easier to attack the network. |
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I don't see any overt flaw with the fundamentals apart from the bloat. I'm even open to investing in Monero, if the bloat can be fixed. Anonymint has stated that it cannot, but perhaps he can be proven wrong, who knows?
My main issue is with the Monero shills who try to misrepresent where Monero is in terms of completion. Just read your own thread to see the crippling issues that people deal with on a daily basis.
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Whats the best anon coin to date? What about Zerocash?  There's no viable solution as of yet. No matter what you buy, you're investing in promises. Monero is fully working 100% anonymous transactions, the code is open source just look for yourself. Monero is a year or more away from being a viable option. Functional does not necessarily imply viable. What are you even talking about? The network works fine, transactions get sent and confirmed, difficulty has doubled in 10 days. You are either misinformed or delusional if you think that Monero is totally anonymous or anywhere near ready for real world use. What is it about Monero that spawns such an arrogant community? |
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Whats the best anon coin to date? What about Zerocash? There's no viable solution as of yet. No matter what you buy, you're investing in promises. Monero is fully working 100% anonymous transactions, the code is open source just look for yourself. Monero is a year or more away from being a viable option. Functional does not necessarily imply viable. |
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well it's been almost two weeks without any posts here from evan. wasn't RC4 supposed to be due in at the end of july? what's currently transpiring
If it concerns you so, why not go watch the public testing? Or get your butt on testnet and contribute? I'm sick of people pretending there is no news... Is this the best a troll can do these days? Can u sum up the progress in 2 sentences? For people who are invested but not have time to read through all posts. Just your opinion is fine  Thx! Darksend + is working, but it isn't yet perfect. Evan is working with the testers to identify and fix issues. |
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Whats the best anon coin to date? What about Zerocash? There's no viable solution as of yet. No matter what you buy, you're investing in promises. |
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Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.
You really have no idea what you're talking about do you ? We're in a downtrend. What's surprising is that it has not yet hit the 3,65 mBTC range. What's surprising is how much demand there is above 3,9 mBTC. My theory is that cryptsy will add XMR soon and some people know about it, so they're not dumping just yet. Also, now that I'm quoting you, i must say this : it's beyond me how you are not yet banned from this thread : every time you post, you add nothing but noise. Sorry, didn't know that praising Monero was mandatory. You guys are pathetic. Critics are welcomed - just don't forget to bring arguments. Hint: ad hominem are not arguments. With the amount of shilling and pumping that went on over the past two weeks or so, I was genuinely surprised that Monero did not go higher. It's not an argument, it's just a statement. |
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Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.
You really have no idea what you're talking about do you ? We're in a downtrend. What's surprising is that it has not yet hit the 3,65 mBTC range. What's surprising is how much demand there is above 3,9 mBTC. My theory is that cryptsy will add XMR soon and some people know about it, so they're not dumping just yet. Also, now that I'm quoting you, i must say this : it's beyond me how you are not yet banned from this thread : every time you post, you add nothing but noise. Sorry, didn't know that praising Monero was mandatory. You guys are pathetic. |
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Surprising how the Monero price is stagnating, even after last week's pump by the bagholders.
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Great idea, but I would set the standard even higher. Only Senior or Hero members.
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Monero, anonymous currency. Not some shit like Darkcoin, who was terrible designed from the very beginning with centralized masternodes.
The thread title was something that other coins don't have. Monero is a Bytecoin clone, so it doesn't meet the criteria for this thread. Go peddle your coin elsewhere, bagholder. |
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You do realise that the number of transactions and users per day of Monero is MINIMAL (probably even less than 0.01% of bitcoin) The true ratio is closer to 3% Because it has happened so fast people do not understand how Monero has eclipsed 99% of altcoins. It is now #3 or #4 in terms of exchange volume. Blockchain volume ranking is probably comparable. http://www.coingecko.com/Exchange volume is not a blockchain transaction. The number of transactions occurring on the Monero blockchain per day compared to bitcoin is minuscule. smooth isn't an idiot. Those are two separate points he's making and they are unrelated, you're conflating them: 1. Monero's average daily transactions are currently at around 3.3% of Bitcoin's average daily transactions. 2. Monero is consistently in the top 10 coins by exchange volume (often 3rd or 4th). CoinGecko gives a nice overview of liquidity, or Coinmarketcap -> sort by volume is also a good indicator. Exchange volume is very variable, of course. 300 mb a day at Bitcoin volumes? Holy shit, it's worse than I thought. I'd say the project's success or failure hinges nearly 100% on your ability to reduce bloat. Anonymint said it won't happen, but it'll be fun to watch you guys squirm and writhe as you try. I'm still open to making an investment in Monero, it all depends on whether you guys are useless or not. |
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Anyone saying that DRK fucks the miners is a degenerate (entitlement complex, pure scum). Miners are useful, to an extent. That doesn't mean that they are owed the world.
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PoSA taking too long. Dumped my cloak, crashed the price, doubled my money. Thanks bitches.
Not bad. I played around with Cloak last week, didn't make much maybe 20%. Either way, good thing I got out. |
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Do you think it is at all possible to design and implement a "perfect" privacy coin? If so, can you design it? I've understood that even if you could, you wouldn't have the time / resources to implement it. Ideally, what should happen in order for you to pull off such a project successfully? How much funding? How big of a team would you need? Who would you select in your team as developers? I believe that he has stated the he wouldn't want to be seen as a lead developer for such a project. |
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This guy has to be a troll. Brand new account, sob story, so cliche. Either way, don't invest what you can't afford to lose. If you don't follow that advice, you deserve everything you get, and it isn't anyone's responsibility to feel sorry for you.
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At any rate, let me make this as clear as mud to everyone: Monero is far from ready for general consumption. We don't need to be reminded of that, since we're the ones saying it! Of course, usability is a long-term goal, and finding a solution to "bloat" (such as it is) falls squarely in the "usability" camp.
I am glad you are grounded enough to understand the position Monero is in. I think the pockets of the Monero community however is different as they rush to make blanket statements which infer Monero is somehow already leagues above all other coins whilst turning a blind eye to the core issues that stand in the way of adoption. No, most "investors" simply see the Monero fundamentals are sound. Here, invest in my spaceship company. I have these designs I got from some other guys and 20 tons of aluminum. The foundation is all there, so my first spaceship should be good to go in no time! |
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You could be in the same situation even with bitcoin. I'm sure some people bought at $1200+, and if they didn't sell within a month or two of the peak, they've lost half their money. The reality is that crypto is a high risk investment. You can't get a high reward without a high risk. What don't people understand about that?
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This is a scary thing to read. The jack of all trades will always be the master of none. Any one who makes transparent transactions reduces the anonymity of all other participants or forces them to pay a higher cost to regain the same level of protection. It imposes externalities on other actors. Anyone who wants transparent transactions can just go use bitcoin, there is no need to have a single network that does both when we have 2 networks, where each does one of the two. I hope this sentiment is not echoed by too many on the dev team. As dga has already pointed out, you don't want to create a scenario where guilt-by-association exists. Monero's privacy is a feature, but it's not the only feature. David's quote is misleading, he didn't mean that regulators can magically peer into the blockchain and trace transactions. He meant that in a situation where you run a charity, for instance, you would publish the viewkey along with some form of per-tx signature so regulators concerned with ensuring charities are run appropriately can peek into your books and see your accounts. Another use-case could be for a company to let its accountants, bookkeepers, and exco have visibility on the account and on the movement of funds. Or a married couple that want a shared account. Monero is private by default, transparent optional. The choice of whether privacy is relinquished for a particular wallet is the user's and the user's alone. I'm glad to see this. Having options is better than having none Actually it isn't, if you want a high degree of anonymity. The more transparent transactions you have, the more you undermine the anonymity of the non-transparent transactions. |
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