[XMR] Monero - A secure, private, untraceable cryptocurrency

[cAPSLOCK]

Please elucidate.  

I won't. Because a) so they won't change the decision and b) naming everything public would just encourage XMR/DRK quarreling nobody wants to read.

Could you post a hash of the answer, and then post the answer after the fact?

Provably fair anti-trolling!

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[Johnny Mnemonic]

Regarding the above, I think we need to put together a nice document regarding the history of monero. There's the one scathing summary out there, but its full of very colorful (but hilarious) language. I think newcomers to monero would appreciate knowing the full story, in case they come across trolls barking over "de-optimized miner" this or "community takeover" that. I mean, I think someone new to cryptoworld wouldn't fully understand community takeover without first comprehending how github and forking works. Hell, come to think of it, how did the fork occur? The year in review document (i think) touches on some of this... sorry i can't do more digging (at work).

Are you talking about the original bitMonero fork from bytecoin?

Most of us didn't like the fact that bytecoin had already been 80% mined. An unknown individual named thankful_for_today announced he was working on a fair relaunch of bytecoin that would have a distribution closer to that of bitcoin, with shorter block times. A number of us showed interest and even attempted to collaborate with him.

We actually wanted a shallower distribution.
We were pretty unanimous that 1 minute block times were a bad idea.
We were unanimous that some type of perpetual inflation was necessary on the tail end of distribution.

At the same time, crypto_zoidberg announced his fork, HoneyPenny (eventually to become BBR). This project had some interesting things going on, but wasn't planned for release for another 6 weeks or so.

When thankful_for_today launched bitMonero two weeks later (he was in a huge rush to be the first fork out the door, and might be the reason Monero always had the lead on BBR), he had pretty much ignored everything that was discussed and just did what he wanted. The block reward was considerably steeper than what everyone was expecting. He also moved forward with 1 minute block times despite everyone's concerns about the increase of orphan blocks. He also didn't address the tail emission concern that should've (in my opinion) been in the code at launch time. Basically, he fucked everything up. Then, he disappeared.

I, and others, started working on new forks that were closer to what everyone else was hoping for. David Latapie (IIRC) started PMing people and trying to get them to consolidate projects to not divide the community. I personally thought the best course of action was to fix bitMonero and relaunch it (I still think that would've been best). but instead it was decided that the bitMonero project should just be taken over. There were like 9 or 10 interested parties at the time if my memory is correct. We voted on irc to drop the "bit" from bitMonero and move forward with the project.

Thankful_for_today suddenly resurfaced, and wasn't happy to learn the community had assumed control of the coin. He attempted to maintain his own fork (still calling it "bitMonero") for a while, but that quickly fell into obscurity. The rest is history.

[Johnny Mnemonic]

What's amusing is that a big argument for not relaunching bitMonero after taking it over was that it already had a certain level of momentum, even though only a few of us were mining it. I'm not being critical... it just seems so insignificant in retrospect.

[G2M]

There were like 9 or 10 interested parties at the time if my memory is correct. We voted on irc to drop the "bit" from bitMonero and move forward with the project.

I totally remember that vote.

He was also trying to do something with merge-mining bytecoin as well, and doing some testing on the mainnet. Nutbag.

[Johnny Mnemonic]

There were like 9 or 10 interested parties at the time if my memory is correct. We voted on irc to drop the "bit" from bitMonero and move forward with the project.

I totally remember that vote.

He was also trying to do something with merge-mining bytecoin as well, and doing some testing on the mainnet. Nutbag.

He was most likely a part of the original cryptonote scam. He figured he could maintain control by relaunching bytecoin and capturing those who were against the 80% premine. Merge mining was another thing that nobody wanted but he moved forward with. It was all to support bytecoin.

[eizh]

What's amusing is that a big argument for not relaunching bitMonero after taking it over was that it already had a certain level of momentum, even though only a few of us were mining it. I'm not being critical... it just seems so insignificant in retrospect.

Perhaps, but we can't know how that would've turned out. Very early on someone (OracionSeis) did launch a Bitmonero copy with no changes but an emission schedule that's similar to Bitcoin's. It briefly reached a high valuation and then floundered. However irrational it may be, having some non-zero amount of buy-in already present is a big head start over a new launch (probably due to risk averseness). I liked the legitimacy that came with being the second oldest CryptoNote chain, even with a dysfunctional founder. It may be why Monero beat out BBR (the horrible name choice helped).

[Johnny Mnemonic]

What's amusing is that a big argument for not relaunching bitMonero after taking it over was that it already had a certain level of momentum, even though only a few of us were mining it. I'm not being critical... it just seems so insignificant in retrospect.

Perhaps, but we can't know how that would've turned out. Very early on someone (OracionSeis) did launch a Bitmonero copy with no changes but an emission schedule that's similar to Bitcoin's. It briefly reached a high valuation and then floundered. However irrational it may be, having some non-zero amount of buy-in already present is a big head start over a new launch (probably due to risk averseness). I liked the legitimacy that came with being the second oldest CryptoNote chain, even with a dysfunctional founder. It may be why Monero beat out BBR (the horrible name choice helped).

Agreed. As much as it pissed me off that thankful_for_today rushed bitMonero out the door, it may have been the best decision he made, as BBR could very well have captured the market if it was released first.

However, if I remember correctly, BBR still wasn't launched at the time TFT was ousted.

[Shitstain]

Thank god the "bit" part was removed from Monero near the launch. I think Monero has the best name out of all the currencies both crypto and government based, and that extra "bit" part was just eww.

[Quicken]

Thank god the "bit" part was removed from Monero near the launch. I think Monero has the best name out of all the currencies both crypto and government based, and that extra "bit" part was just eww.

Monero is indeed a great name choice. Not bitX, not darkX, not Xcoin. It sounds like a real currency.

[smooth]

What's amusing is that a big argument for not relaunching bitMonero after taking it over was that it already had a certain level of momentum, even though only a few of us were mining it. I'm not being critical... it just seems so insignificant in retrospect.

Perhaps, but we can't know how that would've turned out. Very early on someone (OracionSeis) did launch a Bitmonero copy with no changes but an emission schedule that's similar to Bitcoin's. It briefly reached a high valuation and then floundered. However irrational it may be, having some non-zero amount of buy-in already present is a big head start over a new launch (probably due to risk averseness). I liked the legitimacy that came with being the second oldest CryptoNote chain, even with a dysfunctional founder. It may be why Monero beat out BBR (the horrible name choice helped).

Agreed. As much as it pissed me off that thankful_for_today rushed bitMonero out the door, it may have been the best decision he made, as BBR could very well have captured the market if it was released first.

However, if I remember correctly, BBR still wasn't launched at the time TFT was ousted.

All correct, and it all supports eizh's point. BCN was stillborn due to the scam ninjamine. BMR came next. While flawed, it was not a disaster. Good enough beats both stillborn and vaporware.

[explorer]

Thank god the "bit" part was removed from Monero near the launch. I think Monero has the best name out of all the currencies both crypto and government based, and that extra "bit" part was just eww.

This just had to be quoted.  That nick, that comment,  made my day.   

Truly though, Monero is absolutely the best name, even better than bitcoin.  No shit, no coin, just money.

[smooth]

Thank god the "bit" part was removed from Monero near the launch. I think Monero has the best name out of all the currencies both crypto and government based, and that extra "bit" part was just eww.

This just had to be quoted.  That nick, that comment,  made my day.   

Truly though, Monero is absolutely the best name, even better than bitcoin.  No shit, no coin, just money.

Bitcoin was a fine name, because there were not 100 other coins (or even one) with similar names it was copying.

[Anon136]

Thank god the "bit" part was removed from Monero near the launch. I think Monero has the best name out of all the currencies both crypto and government based, and that extra "bit" part was just eww.

This just had to be quoted.  That nick, that comment,  made my day.   

Truly though, Monero is absolutely the best name, even better than bitcoin.  No shit, no coin, just money.

Bitcoin was a fine name, because there were not 100 other coins (or even one) with similar names it was copying.

coming soon: fonero, lonero, jonero, ponero.....

[razen489]

Monero XMR price increase almost double in just a few days.. what did i missed?
woooo https://www.coingecko.com/en/price_charts/monero/btc

[jwinterm]

Thank god the "bit" part was removed from Monero near the launch. I think Monero has the best name out of all the currencies both crypto and government based, and that extra "bit" part was just eww.

This just had to be quoted.  That nick, that comment,  made my day.   

Truly though, Monero is absolutely the best name, even better than bitcoin.  No shit, no coin, just money.

Bitcoin was a fine name, because there were not 100 other coins (or even one) with similar names it was copying.

coming soon: fonero, lonero, jonero, ponero.....

Not quite what you were thinking, but only two letters different than monero:
https://moneta.cash/

Looks like Zerovert recycled. I had a discussion on reddit with one of the devs (Poramin) about it (he claims the name is in no way influenced by monero):
http://www.reddit.com/r/vertcoin/comments/2xcimf/bushidos_new_crypto_monetas_what_do_you_think/coyyobo

[Anon136]

Thank god the "bit" part was removed from Monero near the launch. I think Monero has the best name out of all the currencies both crypto and government based, and that extra "bit" part was just eww.

This just had to be quoted.  That nick, that comment,  made my day.  

Truly though, Monero is absolutely the best name, even better than bitcoin.  No shit, no coin, just money.

Bitcoin was a fine name, because there were not 100 other coins (or even one) with similar names it was copying.

coming soon: fonero, lonero, jonero, ponero.....

Not quite what you were thinking, but only two letters different than monero:
https://moneta.cash/

Looks like Zerovert recycled. I had a discussion on reddit with one of the devs (Poramin) about it (he claims the name is in no way influenced by monero):
http://www.reddit.com/r/vertcoin/comments/2xcimf/bushidos_new_crypto_monetas_what_do_you_think/coyyobo

The catch phrase is hilarious!

Moneta: A crypto currency that helps significantly improve bitcoin.

I cant stop laughing!

[smooth]

he claims the name is in no way influenced by monero

All you need to know right there

[Hueristic]

he claims the name is in no way influenced by monero

All you need to know right there

Lets be fair here guys.

https://www.google.com/search?q=Moneta&client=firefox-a&hs=qnW&rls=org.mozilla:en-US:official&channel=rcs&tbm=isch&tbo=u&source=univ&sa=X&ei=UpH_VM8f0OewBMX2gogD&ved=0CFEQsAQ&biw=1280&bih=552

[smooth]

he claims the name is in no way influenced by monero

All you need to know right there

Lets be fair here guys.

I'm fair. The word monero existed before Monero, and certainly moneta did as well. There was in fact even a cryptonote coin called Moneta Verde, and I'm well aware of it.

So the idea of using moneta as or in a coin name is not itself Monero-derived. But the idea of using such a name after Monero has shown some success (and he is surely aware of it since he is operating in the same submarket) and then claiming to be "in no way influenced" by Monero is not credible. In fact I'd say he's a lying scammer.

Sorry, just calling it as I see it. Granted yes partially influenced by observing how Zerovert was run, and not specifically just this one thing.

[Johnny Mnemonic]

he claims the name is in no way influenced by monero

All you need to know right there

Lets be fair here guys.

I'm fair. The word monero existed before Monero, and certainly moneta did as well. There was in fact even a cryptonote coin called Moneta Verde, and I'm well aware of it.

So the idea of using moneta as or in a coin name is not itself Monero-derived. But the idea of using such a name after Monero has shown some success (and he is surely aware of it since he is operating in the same submarket) and then claiming not to be "in no way influenced" by Monero is not credible. In fact I'd say he's a lying scammer.

Sorry, just calling it as I see it. Granted yes partially influenced by observing how Zerovert was run, and not specifically just this one thing.

Exactly. It's not even the first coin in this niche with "Moneta" in the name... not to mention "Moneta Verde" conveniently appeared during Monero's early success. Go figure.