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nioc
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August 06, 2015, 10:32:23 PM |
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Skimmed through a little, Bytecoin solicited CoinTelegraph for articles I think It was started by the people behind bytecoin and started with pro bcn articles and some anti Monero ones mixed in with their coverage. Evolved from there. Writer being interviewed says they are scammers in how they treat the writers.
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binaryFate
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Still wild and free
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August 06, 2015, 10:48:33 PM |
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TL;DW: We've revealed today that according to our sources, cointelegraph was allegedly owned and operated by bytecoin and early cryptonote coins. (Actual quote)
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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americanpegasus
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August 06, 2015, 11:21:17 PM |
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TL;DW: We've revealed today that according to our sources, cointelegraph was allegedly owned and operated by bytecoin and early cryptonote coins. (Actual quote) lol. Create what you fear the most.
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Account is back under control of the real AmericanPegasus.
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binaryFate
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Still wild and free
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August 06, 2015, 11:29:48 PM |
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For all those that are newbz enough to this whole story: cointelegraph repeatedly published articles that gave credit to the bytecoin and cryptonote team stories. I'm lazy to dig them now, and if you're lazy too I'm sure everything will surface again in the next days.
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Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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pa
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August 06, 2015, 11:55:20 PM Last edit: August 07, 2015, 12:11:21 AM by pa |
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kazuki49
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August 07, 2015, 12:13:44 AM |
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https://www.reddit.com/r/Bitcoin/comments/3g1rpx/mad_bitcoins_on_twitter_the_truth_behind/ctu7e3uWHO ARE THOSE PEOPLE? [–]IanGameWoof 2 points 19 minutes ago
I may not have explained that correctly. They asked me to investigate into accusations that Monero was mined exclusively (or almost exclusively) with malware powered botnets.
Instead, I found evidence that it was mostly mined with cloud computing. You can tell because the difficulty (at least around summer 2014) would mirror the prices at Amazon. When it went up, the difficulty went down and when it went down the difficulty went up.
So, when I tried to write that story, they killed it, so it never got published.
LOL
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smooth
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August 07, 2015, 12:29:13 AM |
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https://www.reddit.com/r/Bitcoin/comments/3g1rpx/mad_bitcoins_on_twitter_the_truth_behind/ctu7e3uWHO ARE THOSE PEOPLE? [–]IanGameWoof 2 points 19 minutes ago
I may not have explained that correctly. They asked me to investigate into accusations that Monero was mined exclusively (or almost exclusively) with malware powered botnets.
Instead, I found evidence that it was mostly mined with cloud computing. You can tell because the difficulty (at least around summer 2014) would mirror the prices at Amazon. When it went up, the difficulty went down and when it went down the difficulty went up.
So, when I tried to write that story, they killed it, so it never got published.
LOL Pretty much what I said last year. Difficulty was way too low to be dominated by botnets. Still is to a lesser extent. (I'm mining profitably while paying for electricity right now. If botnets really dominated that would be impossible.) I think as many people have explained here many times mining is just not a good use for a botnet and has high costs in terms of bot attrition. So there is some of course, but it's self-limiting.
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americanpegasus
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August 07, 2015, 01:36:21 AM |
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I don't think it matters who mines. If you mine, you either keep the coins (good for the speculation stage of the coin) or you dump them onto an exchange. Dumping onto an exchange by miners isn't anything but a test of that coin's actual market. If a coin is meant to die or waning in popularity, then yeah, the dumps will kill it. But if it is still inflating and people are growing in excitement about it, the whole process provides an elegant way to buy Monero at a competitive price that should be very close to its true market value (plus the cost of electricity to mine them). I have no desire to run a computer at 100c for a week just to earn 10 or 20 Monero, but I will happily go toss some money into an exchange for them. Without anyone 'dumping' I wouldn't have that opportunity, so I've never been bothered by this behavior. I'm sure it sucks for coins that are in a weird limbo of still being profitable to mine but that don't have enough long-term prospects to justify the purchase of those coins off an exchange... Perhaps in these cases it's best to see the writing on the wall: a new currency must have a unique and powerful reason to exist.
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Account is back under control of the real AmericanPegasus.
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5w00p
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August 07, 2015, 01:40:19 AM |
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I have no desire to run a computer at 100c for a week just to earn 10 or 20 Monero, but I will happily go toss some money into an exchange for them. Without anyone 'dumping' I wouldn't have that opportunity, so I've never been bothered by this behavior.
I know you were just making a point, but: I think you underestimate the hashpower required under current block reward/difficulty XMR mining conditions. You would need a VERY serious rig to mine 10, let alone 20, Monero in one week.
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smooth
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August 07, 2015, 02:08:45 AM |
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I have no desire to run a computer at 100c for a week just to earn 10 or 20 Monero, but I will happily go toss some money into an exchange for them. Without anyone 'dumping' I wouldn't have that opportunity, so I've never been bothered by this behavior.
I know you were just making a point, but: I think you underestimate the hashpower required under current block reward/difficulty XMR mining conditions. You would need a VERY serious rig to mine 10, let alone 20, Monero in one week. Yes but imagine you manage to mine just 1 XMR, and then decide to hold it for 10 years. Wow!
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GingerAle
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August 07, 2015, 03:41:58 AM |
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I have no desire to run a computer at 100c for a week just to earn 10 or 20 Monero, but I will happily go toss some money into an exchange for them. Without anyone 'dumping' I wouldn't have that opportunity, so I've never been bothered by this behavior.
I know you were just making a point, but: I think you underestimate the hashpower required under current block reward/difficulty XMR mining conditions. You would need a VERY serious rig to mine 10, let alone 20, Monero in one week. Yes but imagine you manage to mine just 1 XMR, and then decide to hold it for 10 years. Wow! and then add on top of that the fact that NO ONE knows you ever acquired that 1 XMR. There's no fiat -> xmr path.
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birdcat90
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August 07, 2015, 04:26:55 AM |
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does mining monero still profitable?
it looks like better buy monero on exchange and use it for trading,,the most simple thing to do without harming your computer..hehe
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cAPSLOCK
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August 07, 2015, 06:17:08 AM |
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camu6
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August 07, 2015, 07:50:31 AM |
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Well.. two coins competing for the same niche, one is booted from finex because of low volume, while the other one is having a >700 BTC 24h volume. It probably won't convince the hardcore dashcoiners but it is another great sign for monero supporters. IMO Dash is dumping and will dump more because of this.
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smooth
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August 07, 2015, 07:52:12 AM |
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Well.. two coins competing for the same niche, one is booted from finex because of low volume, while the other one is having a >700 BTC 24h volume. It probably won't convince the hardcore dashcoiners but it is another great sign for monero supporters. IMO Dash is dumping and will dump more because of this. i.e. Dash collapsing. Monero UP. In all seriousness I don't think it means a lot, other than Dash not taking off explosively (which might well be bad for Monero). The challenges we face in achieving a high level of relevance in the world have very little to do with Dash.
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dreamspark
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August 07, 2015, 04:56:33 PM |
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Ok so I've only just found out that smooth is also developing another crytonote coin.
Question, is this more of a test bed for features you think maybe useful to XMR or are you working on it as a competing currency?
Of course you are free to do what you like with your time, just as a member of the core team for XMR it just seems strange.
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dEBRUYNE
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August 07, 2015, 05:05:00 PM Last edit: August 07, 2015, 07:22:53 PM by dEBRUYNE |
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Ok so I've only just found out that smooth is also developing another crytonote coin.
Question, is this more of a test bed for features you think maybe useful to XMR or are you working on it as a competing currency?
Of course you are free to do what you like with your time, just as a member of the core team for XMR it just seems strange.
He already answered this question on reddit, read from here on -> https://www.reddit.com/r/Monero/comments/3f28bk/whats_the_deal_with_aeon_coin_serious/ctkn0h0TL:DR: More or less an experimental coin, not really competing but more collaborating since relevant things will get merged upstream to XMR.
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