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Author Topic: [ANN] [XMV] MoneroV - Fork 1:10 of Monero - Finite coin supply - Private  (Read 45490 times)
denam
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February 28, 2018, 02:57:15 PM
 #101

It depends on your understanding how well you have taken in consideration all the aspects. It looks like this year we will see forked coins of all old coins which have established markets and support of large communities. It is interesting to see how it evolves in future. I start know to read about it fully over the next days.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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February 28, 2018, 03:15:42 PM
 #102

Sounds great. Hoping for starting exchange price high. Smiley
Vigens
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February 28, 2018, 06:23:32 PM
 #103


Looks like a new proper coin joining the top 20 of the crypto world.
As a early Monero investor i see this as a Monero on steroids  Grin.
When Moon?

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February 28, 2018, 10:18:14 PM
 #104

Quote
“We believe Monero’s infinite coin supply was a mistake and is a tax in the form of inflation for all XMR holders. This is a fundamental flaw that MoneroV fixes by putting a cap on the total MoneroV coins that can be created.”

Quote
Afterwards, the inflation of both coins is exactly the same percentage wise until XMV hits 256 Million (XMR would be at this point 25.6 Million). After that point, MoneroV will stop inflating as it hit the max supply while Monero will keep inflating indefinitely.

I don't understand quotes like these.

Paid developers vs. volunteers. Fixing holes in protocols .... I understand these things. I'm not up to speed with the faults of Monero. If MoneroV can deliver on these two things thumbs up. But the infinite inflationary supply of Monero makes me chuckle a little. Really when any crypto says this. Inflation is the result of a widening gap between two funtions: the function of currency creation over time, the function of the creation of goods and services over time.

The function of Monero creation is logarithmic-like in nature.... if you look at a log function you wouldn't think the limit of such of function is infinity but it is. The function of goods and services creation should be somewhat correlated to the function representing human population probably factoring in certain technological advances.... the population function will probably be a sigmoidal function especially when we start to approach the carrying capacity of the planet adjusted for technological advances. But then there is the function of the goods and services that can be produced once we reach certain technological levels.... so more than likely this function is also infinite. Not to forget as people come out of poverty they will create a higher demand on goods and services.

The only way I personally see any inflationary results is if we're stuck on this planet and limited to its carrying capacity ..... and the passage of a long long long very very long time. Although I said log-like in nature... surely the beginning is, the final function is linear with a small slope. So we're trying to relate the exponential nature of inflation of fiat currencies to a linear function which is Monero's. That's not even apples and oranges. I don't see the function of Monero supply ever coming close to the function of goods and services....ever.
bassmaster
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March 01, 2018, 09:47:37 AM
 #105

And another one to make the developers rich. People are really fed up with coins that have an automatic coinbase transaction split for developers. Why don't you just prove your capabilities and then raise money afterwards?

That sounds a lot harder than just paying themselves part of every block :-)
As long as users / investors don't care, this kind of crap will continue.
b4h4mu7
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March 01, 2018, 12:59:37 PM
Last edit: March 01, 2018, 01:52:10 PM by b4h4mu7
Merited by sud (1)
 #106

Instead of dealing with the toxic dev community at Monero and trying to fix their blunder of turning Bitmonero into "Hashcashnote" (Monero). Why not just contribute to Boolberry?

Boolberry is one of the original CN projects and currently is only $1.50 a coin vs Monero's $250. It's finite coin supply is just over 11m/18.4m BBR emitted vs XMR's 16m/??. The original developer of Boolberry, crypto_zoidberg, is far more competent than any of the XMR core developers. Some believe he is the original author of the CN protocol.


https://bitcointalk.org/index.php?topic=577267.msg8959666#msg8959666

After a 2+ year absence from Boolberry he is now back on the project full time so there's a lot of upside potentional there:

https://bitcointalk.org/index.php?topic=577267.msg31322798#msg31322798

At a fundamental and technical level it is also still superior to Monero.

  • The blockchain at 3.6GB is over 90% smaller than Monero at 40GB
    http://www.slideshare.net/boolberry/boolberry-reduces-blockchain-bloat
  • Boolberry like Bitcoin is a deflationary currency with a fixed finite supply where as Monero is inflationary with it's infinite coin supply. I'm not sure when it became acceptable to have an inflationary Cryptocurrency when Satoshi's original goal was to limit inflation in the hashcash protocol. In all honesty the MoneroV supporters should just come to Boolberry instead of dealing with the toxic XMR community.
  • The unlinkable outputs Zoidberg pioneered that XMR "core" downplayed is providing real privacy protections vs the false sense of security provided by Monero. I've had constructive dialog with the author of the Monero traceability report and he's confirmed with me that Boolberry is a step in the right direction with regards to privacy protection vs Monero. I will take his input as a PhD level researcher over any shill or math student from the Monero camp.
    https://eprint.iacr.org/2017/338.pdf
    https://www.slideshare.net/boolberry/boolberry-solves-cryptonoteflaws-37055246
  • Due to it's superior mining algorithm, the transactions are near instant.
    http://boolberry.com/files/Block_Chain_Based_Proof_of_Work.pdf
    Navigate to section 6 of our latest paper:
    https://eprint.iacr.org/2017/1168.pdf
  • The GUI wallet that was available in 2014 works better than anything put out by Monero 4 years after the fact

Zoidberg's absence from working on Boolberry full time has created some downsides for the project relative to Monero:

  • The lack of an embedded DB solution to lower the memory footprint (Zoidberg is working on this)
  • A lack of public awareness (easily resolved with outreach efforts from the team working with Boolberry)
  • RingCT: an inefficient system for what it's trying to accomplish (the new BBR system is orders of magnitude more efficient)
  • Larger community (something that can be easily addressed when those contributing to Monero make the realization that Boolberry is the better project ran by an actual developer not an internet troll with git access)
  • Higher marketcap (something that will be resolved over time as product of active development and outreach)

Although I am now focusing on my own project I know that Boolberry has the potential (for reasons listed above) to replace Monero as the top CN project for 2018. It would make sense for any efforts to "fix" Monero to instead be directed at supporting Boolberry in this effort given that the ratio of 1XMR:250BBR one can have a much larger stake in BBR and contribute to the eventual parity and succession of Boolberry as the leader for CN based privacy.

https://coinmarketcap.com/currencies/boolberry/
https://coinmarketcap.com/currencies/monero/
Andre100
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March 01, 2018, 03:15:06 PM
 #107

Instead of dealing with the toxic dev community at Monero and trying to fix their blunder of turning Bitmonero into "Hashcashnote" (Monero). Why not just contribute to Boolberry?

answer is simple... MoneroV owner  want on copy\paste code, not do anything make BIG money(as XMR have cost)  Roll Eyes Grin Roll Eyes
sud
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March 01, 2018, 04:23:00 PM
 #108

Instead of dealing with the toxic dev community at Monero and trying to fix their blunder of turning Bitmonero into "Hashcashnote" (Monero). Why not just contribute to Boolberry?

Boolberry is one of the original CN projects and currently is only $1.50 a coin vs Monero's $250. It's finite coin supply is just over 11m/18.4m BBR emitted vs XMR's 16m/??. The original developer of Boolberry, crypto_zoidberg, is far more competent than any of the XMR core developers. Some believe he is the original author of the CN protocol.


https://bitcointalk.org/index.php?topic=577267.msg8959666#msg8959666

After a 2+ year absence from Boolberry he is now back on the project full time so there's a lot of upside potentional there:

https://bitcointalk.org/index.php?topic=577267.msg31322798#msg31322798

At a fundamental and technical level it is also still superior to Monero.

  • The blockchain at 3.6GB is over 90% smaller than Monero at 40GB
    http://www.slideshare.net/boolberry/boolberry-reduces-blockchain-bloat
  • Boolberry like Bitcoin is a deflationary currency with a fixed finite supply where as Monero is inflationary with it's infinite coin supply. I'm not sure when it became acceptable to have an inflationary Cryptocurrency when Satoshi's original goal was to limit inflation in the hashcash protocol. In all honesty the MoneroV supporters should just come to Boolberry instead of dealing with the toxic XMR community.
  • The unlinkable outputs Zoidberg pioneered that XMR "core" downplayed is providing real privacy protections vs the false sense of security provided by Monero. I've had constructive dialog with the author of the Monero traceability report and he's confirmed with me that Boolberry is a step in the right direction with regards to privacy protection vs Monero. I will take his input as a PhD level researcher over any shill or math student from the Monero camp.
    https://eprint.iacr.org/2017/338.pdf
    https://www.slideshare.net/boolberry/boolberry-solves-cryptonoteflaws-37055246
  • Due to it's superior mining algorithm, the transactions are near instant.
    http://boolberry.com/files/Block_Chain_Based_Proof_of_Work.pdf
    Navigate to section 6 of our latest paper:
    https://eprint.iacr.org/2017/1168.pdf
  • The GUI wallet that was available in 2014 works better than anything put out by Monero 4 years after the fact

Zoidberg's absence from working on Boolberry full time has created some downsides for the project relative to Monero:

  • The lack of an embedded DB solution to lower the memory footprint (Zoidberg is working on this)
  • A lack of public awareness (easily resolved with outreach efforts from the team working with Boolberry)
  • RingCT: an inefficient system for what it's trying to accomplish (the new BBR system is orders of magnitude more efficient)
  • Larger community (something that can be easily addressed when those contributing to Monero make the realization that Boolberry is the better project ran by an actual developer not an internet troll with git access)
  • Higher marketcap (something that will be resolved over time as product of active development and outreach)

Although I am now focusing on my own project I know that Boolberry has the potential (for reasons listed above) to replace Monero as the top CN project for 2018. It would make sense for any efforts to "fix" Monero to instead be directed at supporting Boolberry in this effort given that the ratio of 1XMR:250BBR one can have a much larger stake in BBR and contribute to the eventual parity and succession of Boolberry as the leader for CN based privacy.

https://coinmarketcap.com/currencies/boolberry/
https://coinmarketcap.com/currencies/monero/

Thanks for your detailed post. I had no idea about BBR and you got me interested, so I have no choice but to make some research. Cool
Mine24-7
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March 02, 2018, 12:38:45 AM
 #109

How can I get MoneroV?
Anyone who holds Monero prior to the fork which will occur on block height 1529810 (~14th March 2018) will be an owner of MoneroV and will receive MoneroV coins (XMV) in the rate of 1 XMR = 10 XMV. As an example, if you hold 1 Monero coin (XMR) prior to the fork, you will own 10 MoneroV (XMV) after the fork.

OK.... So.... I bought 100 Monero 9 months ago, then sold them (all 100) 6 months ago, so I held Monero "prior to the fork".

So I will be able to claim 1,000 MoneroV when it's out..... Right?

Or. Does someone need to change the "prior to the fork" to "at the time of the fork"?
whatsthepoint
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March 02, 2018, 03:49:54 PM
 #110

that scammy feeling.

a fork to drive the price of monero down.
nikisev
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March 02, 2018, 10:44:41 PM
 #111

I say lets fork everything.
Money as open source project is a big idea. I think biggest one since invention of money.
To be able to fork project you want to improve is a  huge driving force that will make source project more secure and better tested .Thats what open source is good for.
Ultimately it will be better for technology.
Syncing monero blocks is bloody slow, got to talk to my provider.

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March 03, 2018, 02:07:51 AM
 #112

i think best earning moment.
b'coz join the monerov and part of monero.
so all frnds join form and social network and
earn monerov.
this token next future big coin.
cowh4x0r
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March 03, 2018, 06:33:09 AM
 #113

Question: so I have a Monero GUI wallet, can I make another address to get these coins with using the same installation of the GUI? Or do I have to do another one and re sync the whole blockchain to get another wallet.  Thanks!
air133
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March 03, 2018, 09:01:16 AM
 #114

when we see wallet and official mining pool?
mattcode
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March 03, 2018, 09:07:43 AM
 #115

How does a dynamic block size work without tail emission? (spoiler: it doesn't)

I won't even bother to claim my MoneroV.
bloodest
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March 03, 2018, 09:17:43 AM
 #116

Is there any bounty? Is it possible to mine a coin? ? And will there be official mining pool?

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asonganyi
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March 03, 2018, 01:32:24 PM
 #117

Is there any bounty? Is it possible to mine a coin? ? And will there be official mining pool?

Yes there are bounties you can join the official telegram https://t.me/joinchat/H4TZNQ98QfDGejxJY0CvhQ and ask from the admins in the group.. you will be able to mine xmv coins some few days after fork on the 14th of march.
There will be an XMV official pool and minergate pool is will also be joining..
Enjoy!!
Original sin
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March 03, 2018, 02:49:26 PM
 #118

I hold XMR in a binance account, will I still receive xmv?
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March 03, 2018, 04:33:31 PM
 #119

I hold XMR in a binance account, will I still receive xmv?

I don't think many exchanges will support this fork. To be honest, it is not advisable to store large amount of crypto on exchanges

ingo49
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March 03, 2018, 04:52:16 PM
 #120

I'm also waiting for official exchange announcement. XMR is booming right now.
Exchanges should support this as they see it's actually moving the thread.
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