Operation Shitcoin Cleanout and Clean Up Has Begun- Join the Revolution- Re-open

[Spoetnik]

i know exactly who you are talking about with that guy..

i could write a book here now but that guy has been kind of up front and honest with me about things *i think and i appreciate that.
sinking a coin and ruining some of my connections in the process is not worth it lol

not much we can do i think but let things play out and try and sink the worst of them..
sooner or later these guys will realize the gig is up and they can't keep doing it.
what i envision and think has started already is cloners / crap coin posters will battle each other..
they have no choice people are leaving the Altcoin scene more and more and the Noobs got smart !
So there is less and less patsy's to trick into getting on board shit coins.
And the ones that know better and previously made excuses for them are realizing more and more,
that supporting crap P&D coins etc are toxic to our community and an ever increasing higher and higher risk investment etc.

the guillotine is coming for these guys and they know it !

i just want to say to say to the average user out there.. Watch OUT !

since more people are leaving more and more..
many of these guys are going to try and pull a scam to rip people off on their way out the door.
this goes for ALL aspects too !
don't think your safe.. all these guys will screw you, from Pool operators to exchanges to coin devs etc.

Watch your backs guys !
And best we can do is try and support what we think is least worst of what is available lol

[superresistant]

OUR new target i think is URO
for info check out this topic.. (warning: it will hurt your eyes)
URO scam topic
I think that one is more deserving than harping on Monero lol

Monero isn't a scam though. anyone who thinks it is is smoking some crack-laced bath salts.

+1
URO is a fucking scam and you are wasting our time with XMR

[iGotSpots]

I feel like I'm in ancient Rome with a few crazy people standing on big rocks screaming how everything sucks

[Spoetnik]

I feel like I'm in ancient Rome with a few crazy people standing on big rocks screaming how everything sucks

Hows your new project working out for ya ? care to elaborate on it ?
a little birdy whispered in my ear

[Nxtblg]

I feel like I'm in ancient Rome with a few crazy people standing on big rocks screaming how everything sucks

It's actually far more like an old-style boom town, complete with the well-publicized scuzziness - and the not-so-well-publicized rancour.

[BayAreaCoins]

i know exactly who you are talking about with that guy..

i could write a book here now but that guy has been kind of up front and honest with me about things *i think and i appreciate that.
sinking a coin and ruining some of my connections in the process is not worth it lol

Are you talking about Ownsley? (aka BigBaller aka Haightst)

Is he one of your "connections"? rofl if so.. you might be a part of the problem and you need better connections

[fisheater]

Wish the Cleanout and Clean Up a big success!

[Hippie Tech]

Wish the Cleanout and Clean Up a big success!

Well if it isn't the "fuck the early adopters.. lets feed this coin to the multipools" douche dev.

[kingscrown]

USB coin was BIG scam today.

[NewLiberty]

Monero is just the P&D of the week/month (not sure yet.)

A few things concerned me about how the transactions are mixed.

So A sends money to C, but it used ABC & D to send to C.  Seems like a good way for B & D to get in the middle of some shit they really don't want to be involved with... right? (or at least along those lines)

It would be horribly embarrassing for the FBI to come talk to you/family/friends about a kiddie porn payment when you were just holding a crypto-note.

That's not how ring signatures work.

In order for the FBI to come talk to the other parties in the ring group, they would need to completely compromise all parties. This is, of course, unlikely to the point of being impossible.

An analogy is like you being at a coffee shop using the wifi, along with a bunch of other people. Someone in the group does something illegal, and the FBI find out about it. They know there was a group of people, and that it was one of the group, and that's it. They have no video camera footage they can use to identify the participants, just the knowledge of the number of participants.

That's not really how the FBI work either.  They can talk to anyone they like.  What people say in return is more the point of what matters.  Americans tend to be pretty authoritarian, with some exceptions for folks who assert their rights:
http://www.youtube.com/watch?v=6_3dDNPwJTU

But even more importantly, the ring signatures make it hard for your competitors to figure out what business you are doing even if they own the bank you are required to use in that region.

[DogTheHunter]

Monero is just the P&D of the week/month (not sure yet.)

A few things concerned me about how the transactions are mixed.

So A sends money to C, but it used ABC & D to send to C.  Seems like a good way for B & D to get in the middle of some shit they really don't want to be involved with... right? (or at least along those lines)

It would be horribly embarrassing for the FBI to come talk to you/family/friends about a kiddie porn payment when you were just holding a crypto-note.

That's not how ring signatures work.

In order for the FBI to come talk to the other parties in the ring group, they would need to completely compromise all parties. This is, of course, unlikely to the point of being impossible.

An analogy is like you being at a coffee shop using the wifi, along with a bunch of other people. Someone in the group does something illegal, and the FBI find out about it. They know there was a group of people, and that it was one of the group, and that's it. They have no video camera footage they can use to identify the participants, just the knowledge of the number of participants.

I'll try to find the image that was presented to me with arrows and I'll edit this post to respond to you.

Edit:



What if two of the individuals are involved and paying each other for kiddie porn... wouldn't the FBI just say fuck all this mixing noise and just talk to everyone?

Do the people on that list know that they are involved with each other or is it just the system?

its so obvious, buy only when its pointed out to you.
thanks

[NewLiberty]

Monero is just the P&D of the week/month (not sure yet.)

A few things concerned me about how the transactions are mixed.

So A sends money to C, but it used ABC & D to send to C.  Seems like a good way for B & D to get in the middle of some shit they really don't want to be involved with... right? (or at least along those lines)

It would be horribly embarrassing for the FBI to come talk to you/family/friends about a kiddie porn payment when you were just holding a crypto-note.

That's not how ring signatures work.

In order for the FBI to come talk to the other parties in the ring group, they would need to completely compromise all parties. This is, of course, unlikely to the point of being impossible.

An analogy is like you being at a coffee shop using the wifi, along with a bunch of other people. Someone in the group does something illegal, and the FBI find out about it. They know there was a group of people, and that it was one of the group, and that's it. They have no video camera footage they can use to identify the participants, just the knowledge of the number of participants.

I'll try to find the image that was presented to me with arrows and I'll edit this post to respond to you.

Edit:



What if two of the individuals are involved and paying each other for kiddie porn... wouldn't the FBI just say fuck all this mixing noise and just talk to everyone?

Do the people on that list know that they are involved with each other or is it just the system?

its so obvious, buy only when its pointed out to you.
thanks

You don't know the others in the ring, and they don't know you.  But yes, if Law Enforcement can ID the ring members, they can talk to them all if they care to do so.

What's worse, is that if this is only used for criminal enterprises, all could be charged via the RICO act even if they are doing nothing illegal themselves and just transferring coins from one of their wallets to another.

If it isn't marketed at minimum for the legit purposes I mentioned above, CryptoNote is DOA as far as being the next gen coin type goes.

[Joshuar]

Monero is just the P&D of the week/month (not sure yet.)

A few things concerned me about how the transactions are mixed.

So A sends money to C, but it used ABC & D to send to C.  Seems like a good way for B & D to get in the middle of some shit they really don't want to be involved with... right? (or at least along those lines)

It would be horribly embarrassing for the FBI to come talk to you/family/friends about a kiddie porn payment when you were just holding a crypto-note.

That's not how ring signatures work.

In order for the FBI to come talk to the other parties in the ring group, they would need to completely compromise all parties. This is, of course, unlikely to the point of being impossible.

An analogy is like you being at a coffee shop using the wifi, along with a bunch of other people. Someone in the group does something illegal, and the FBI find out about it. They know there was a group of people, and that it was one of the group, and that's it. They have no video camera footage they can use to identify the participants, just the knowledge of the number of participants.

I'll try to find the image that was presented to me with arrows and I'll edit this post to respond to you.

Edit:



What if two of the individuals are involved and paying each other for kiddie porn... wouldn't the FBI just say fuck all this mixing noise and just talk to everyone?

Do the people on that list know that they are involved with each other or is it just the system?

its so obvious, buy only when its pointed out to you.
thanks

You don't know the others in the ring, and they don't know you.  But yes, if Law Enforcement can ID the ring members, they can talk to them all if they care to do so.

What's worse, is that if this is only used for criminal enterprises, all could be charged via the RICO act even if they are doing nothing illegal themselves and just transferring coins from one of their wallets to another.

If it isn't marketed at minimum for the legit purposes I mentioned above, CryptoNote is DOA as far as being the next gen coin type goes.

Did you know 90% of U.S Dollars containt cocaine traces on them? Yea, so are 90% of Americans in jail/being questioned right now since they handled those dollars at one point in time? No

Same situation here, no one member can be identified and you can't charge the whole group, which makes Cryptonote the best anonymity feature there is.

Source: http://www.cnn.com/2009/HEALTH/08/14/cocaine.traces.money/

[BayAreaCoins]

Monero is just the P&D of the week/month (not sure yet.)

A few things concerned me about how the transactions are mixed.

So A sends money to C, but it used ABC & D to send to C.  Seems like a good way for B & D to get in the middle of some shit they really don't want to be involved with... right? (or at least along those lines)

It would be horribly embarrassing for the FBI to come talk to you/family/friends about a kiddie porn payment when you were just holding a crypto-note.

That's not really how the FBI work either.  They can talk to anyone they like.  What people say in return is more the point of what matters.  Americans tend to be pretty authoritarian, with some exceptions for folks who assert their rights:

You'll be thinking rights when you are on a 72 hour hold and when a Judge signs off on a Warrant to sniff your wife's panties!

That is what I mean by "talk".

Yes... they will talk to people.  

I was just wondering if this could be the case with this coin.  That is personally why I don't hold any of this because I don't want to get associated with any bullshit that I didn't even know about!  

Did you know 90% of U.S Dollars containt cocaine traces on them? Yea, so are 90% of Americans in jail/being questioned right now since they handled those dollars at one point in time? No

Same situation here, no one member can be identified and you can't charge the whole group, which makes Cryptonote the best anonymity feature there is.

Source: http://www.cnn.com/2009/HEALTH/08/14/cocaine.traces.money/

I call bullshit.

Who snorts lines with $1 bills. Might as well add some baking soda and throw it on the stove if you are using singles  

(yes that is a Crack joke )

[rugrats]

An end note from a reformed former political junkie: if you can sell Monero to big corporations on that basis, you will have influential "friends in court" to fend off any Drug-War-style crackdown on anonymous currencies by TPTB. Of course, that means you gotta schmooze them - perhaps through hitting it off with their kids...

Its easier than you might think.  They want it already and are just waiting for the solution.
Multinational Corporations have come to me looking to answer this problem.  Some are already doing it.  
Monero is still too immature, not enough liquidity yet, and the MNC decision cycles are not short, but if CryptoNote continues on the current path, it is the best contender yet for new entrants from that constituency.

Most likely it's easier than I think because I'm stuck in my parents' basement. 

But thanks for your dispatch from the outside world: we need more of them. There's so much 'FckBks' lingo around here, and so easy to get sucked into it, we-all need first-person heads-up reports like yours from time to time. Again, thanks for it.

If you don't mind me asking, how did you get around the PR-unfriendly cloud that's hanging over Bitcoin right now?

Respectfully, I don't know who your MNC pals are, but that is just not true.
No MNC, never mind financial institutions, will risk any exposure to an experimental currency.
It's wishful thinking to believe otherwise.
This is even before we consider the economic and legal ramifications.
Heck, just a few weeks ago, BNP Paribas was slapped with a massive multi-billion dollar fine by the U.S. authorities for attempting to conceal fiat trxn with several blacklisted countries.
Some well-informed figures that I spoke to even said BTC will not make the leap into primetime in our lifetime - at least, certainly not before Satoshi Nakamoto and several other large wallet holders liquidate their holdings.

[Spoetnik]

i know exactly who you are talking about with that guy..

i could write a book here now but that guy has been kind of up front and honest with me about things *i think and i appreciate that.
sinking a coin and ruining some of my connections in the process is not worth it lol

Are you talking about Ownsley? (aka BigBaller aka Haightst)

Is he one of your "connections"? rofl if so.. you might be a part of the problem and you need better connections

point was he may have said something to me about some coins floating around but i will not stab him in the back by spouting off

just chalk it up to "conspiracy"

[Spoetnik]

Respectfully, I don't know who your MNC pals are, but that is just not true.
No MNC, never mind financial institutions, will risk any exposure to an experimental currency.
It's wishful thinking to believe otherwise.
This is even before we consider the economic and legal ramifications.
Heck, just a few weeks ago, BNP Paribas was slapped with a massive multi-billion dollar fine by the U.S. authorities for attempting to conceal fiat trxn with several blacklisted countries.
Some well-informed figures that I spoke to even said BTC will not make the leap into primetime in our lifetime - at least, certainly not before Satoshi Nakamoto and several other large wallet holders liquidate their holdings.

ya that part about Satoshi Nakamoto and several other large wallet holders etc is a good point !
If Satoshi alone is sitting on such a massive amount of BTC that may be one hell of a huge deterrent to a lot of Financial players out there

[BayAreaCoins]

i know exactly who you are talking about with that guy..

i could write a book here now but that guy has been kind of up front and honest with me about things *i think and i appreciate that.
sinking a coin and ruining some of my connections in the process is not worth it lol

Are you talking about Ownsley? (aka BigBaller aka Haightst)

Is he one of your "connections"? rofl if so.. you might be a part of the problem and you need better connections

point was he may have said something to me about some coins floating around but i will not stab him in the back by spouting off

just chalk it up to "conspiracy"

Chalk it up to you being part of the problem I'd say.  Please go back to the Pink sheets on Investorhub.

Fuck that dude he has AIDS (ownsley)

[NewLiberty]

An end note from a reformed former political junkie: if you can sell Monero to big corporations on that basis, you will have influential "friends in court" to fend off any Drug-War-style crackdown on anonymous currencies by TPTB. Of course, that means you gotta schmooze them - perhaps through hitting it off with their kids...

Its easier than you might think.  They want it already and are just waiting for the solution.
Multinational Corporations have come to me looking to answer this problem.  Some are already doing it.  
Monero is still too immature, not enough liquidity yet, and the MNC decision cycles are not short, but if CryptoNote continues on the current path, it is the best contender yet for new entrants from that constituency.

Most likely it's easier than I think because I'm stuck in my parents' basement. 

But thanks for your dispatch from the outside world: we need more of them. There's so much 'FckBks' lingo around here, and so easy to get sucked into it, we-all need first-person heads-up reports like yours from time to time. Again, thanks for it.

If you don't mind me asking, how did you get around the PR-unfriendly cloud that's hanging over Bitcoin right now?

There's no getting around the PR-cloud.  That's part of why the users of the first CryptoNote coin kept it quiet.
The MNCs have departments that do exploratory work with disruptive technologies.  Monero is still too immature for use, and likely will be for a good while yet, but the questions are being asked.

When disruption occurs, they all want to be on the side of the disruption that wins. 

The banks are a different story though, many are under the thumb of a central bank that is not fond of decentralization, only talked to a couple of those and the people in the disruptive research group are not optimistic about and real involvement, but most multinationals aren't banks.  Manufacturing, shipping, communication, distribution companies, franchises.

There were a couple banks that have made appearances at Bitcoin events for exploratory research purposes.  The 500startups bitcoin gathering in SF a few months back had a few from UK even.

[iGotAIDS]

I feel like I'm in ancient Rome with a few crazy people standing on big rocks screaming how everything sucks

Hows your new project working out for ya ? care to elaborate on it ?
a little birdy whispered in my ear

Another spots coin in the works? 5 coins, a wordpress fiverr clone, and a vapourware payment processing site isn't enough to manage? Mullick compiling this one too?