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

[TTM]

Seems like there's 3 coins using the exact same technology. Still uncertain which of these, if any will succeed. Out of the Cryptonote coins, I'm inclined to go with BCN, because no one cares about premine outside of miners. The coin that will win is the one with the best devs, that's all.  I do think that DRK will win the anonymity battle. It has the momentum. Regardless of what technology another coin has, once DRK is established as the anonymous coin, it won't really matter.  

darkcoin is actually CoinJoin technology, so its privacy is not strong as Cryptonote or Zero-Knowledge Proof. CoinJoin is already exists in Bitcoin mixing services, and now with incoming Dark Wallet for Bitcoin, why Bitcoin users would flee to Darkcoin for Anonymity purpose ?

If people want stronger privacy than CoinJoin and Dark Wallet, they would go to CryptoNote or (incoming) Zerocash.

And don't forget 2 million DRK coin instamined over total 22 million supply. Darkcoin block rewards was 200 per block at first, then it was changed to 20 after developer and his mates instamined 2 million coins.

[1713258405]

1713258405

[surfer43]

Who own Cryptnote.exchanges.to ? I feel too risky to trade there.

It is run by TheKoziTwo.

[pandher]

Out of the Cryptonote coins, I'm inclined to go with BCN, because no one cares about premine outside of miners. .

No one cares? What if a few people own most of the worlds total wealth? We will be their puppets, so what? No one cares  

[Brilliantrocket]

Out of the Cryptonote coins, I'm inclined to go with BCN, because no one cares about premine outside of miners. .

 

No one cares? What if a few people own most of the worlds total wealth? We will be their puppets, so what? No one cares  

It's inconsequential as far as adoption goes. If BCN had a top notch developer, and Monero had a mediocre one, BCN's distribution wouldn't stop it from dominating. That being said, I don't know much about the developers involved in either project.

[mickey_miner]

Out of the Cryptonote coins, I'm inclined to go with BCN, because no one cares about premine outside of miners. .

 

No one cares? What if a few people own most of the worlds total wealth? We will be their puppets, so what? No one cares  

It's inconsequential as far as adoption goes. If BCN had a top notch developer, and Monero had a mediocre one, BCN's distribution wouldn't stop it from dominating. That being said, I don't know much about the developers involved in either project.

I know nothing of BCN developers either.  I do know of advancements made by Monero devs.

There is now first Cryptonote Coin exchange.

Open source pool is working and final touches completed soon.

BCN around for long time and nothing moves forward.  Just closed source pool with 10% fee.

[sussex]

Out of the Cryptonote coins, I'm inclined to go with BCN, because no one cares about premine outside of miners. .

 

No one cares? What if a few people own most of the worlds total wealth? We will be their puppets, so what? No one cares  

It's inconsequential as far as adoption goes. If BCN had a top notch developer, and Monero had a mediocre one, BCN's distribution wouldn't stop it from dominating. That being said, I don't know much about the developers involved in either project.

I know nothing of BCN developers either.  I do know of advancements made by Monero devs.

There is now first Cryptonote Coin exchange.

Open source pool is working and final touches completed soon.

BCN around for long time and nothing moves forward.  Just closed source pool with 10% fee.

10%!!!!

Lol

[surfer43]

Out of the Cryptonote coins, I'm inclined to go with BCN, because no one cares about premine outside of miners. .

 

No one cares? What if a few people own most of the worlds total wealth? We will be their puppets, so what? No one cares  

It's inconsequential as far as adoption goes. If BCN had a top notch developer, and Monero had a mediocre one, BCN's distribution wouldn't stop it from dominating. That being said, I don't know much about the developers involved in either project.

I know nothing of BCN developers either.  I do know of advancements made by Monero devs.

There is now first Cryptonote Coin exchange.

Open source pool is working and final touches completed soon.

BCN around for long time and nothing moves forward.  Just closed source pool with 10% fee.

10%!!!!

Lol

They just lowered it to 2.5%.

[smooth]

They just lowered it to 2.5%.

What a great deal!

I'm pretty sure we are going to see better and cheaper pools very soon thanks to the Monero project.

[surfer43]

They just lowered it to 2.5%.

What a great deal!

Seems some people think so. They have 10 TH/S on BTC mining. 

[verdun2003]

Anyone knows how many coins there are? Couldn't find the explorer.

cheers

[GreekBitcoin]

Anyone knows how many coins there are? Couldn't find the explorer.

cheers

number of blocks*17.2 . Something around that.

[smooth]

They just lowered it to 2.5%.

What a great deal!

Seems some people think so. They have 10 TH/S on BTC mining. 

yikes

[btc-mike]

Bitmonero and Monero are the same thing then? TFT is clearly not on board. He ignores any questions about Monero.  

There is one and only one coin, formerly called Bitmonero, now called Monero. There was a community vote in favor (despite likely ballot stuffing against). All of the major stakeholders at the time agreed with the rename, including TFT.

The code base is still called bitmonero. There is no reason to rename it, though we certainly could have if we really wanted to.

TFT said he he is sentimental about the Bitmonero name, which I can understand, so I don't think there is any malice or harm in him continuing to use it. He just posted the nice hash rate chart on here using the old name. Obviously he understands that they are one and the same coin.

TFT is still maintaining the Bitmonero thread and the Github. TFT commited several changes on May 8. The clients are moving are further away.

[eizh]

TFT is still maintaining the Bitmonero thread and the Github. TFT commited several changes on May 8. The clients are moving are further away.

Those were catch-up changes that were already on the Monero github (and all the other CryptoNote coins). In fact, TFT's repository is outdated even with those changes.

[mickey_miner]

Bitmonero and Monero are the same thing then? TFT is clearly not on board. He ignores any questions about Monero.  

There is one and only one coin, formerly called Bitmonero, now called Monero. There was a community vote in favor (despite likely ballot stuffing against). All of the major stakeholders at the time agreed with the rename, including TFT.

The code base is still called bitmonero. There is no reason to rename it, though we certainly could have if we really wanted to.

TFT said he he is sentimental about the Bitmonero name, which I can understand, so I don't think there is any malice or harm in him continuing to use it. He just posted the nice hash rate chart on here using the old name. Obviously he understands that they are one and the same coin.

Would it not suppress confusion if the Monero code base was renamed Monero?  I'n not involved in politics behind things but have some understanding.  People without any knowledge will just be confused.  Now there are too many threads.  Is it Bitmonero or Monero?  People say Monero but all code uses Bitmonero.  Many people confused.  It's bad for Monero.  I think it's problem.  

[emontmon]

Bitmonero and Monero are the same thing then? TFT is clearly not on board. He ignores any questions about Monero.  

There is one and only one coin, formerly called Bitmonero, now called Monero. There was a community vote in favor (despite likely ballot stuffing against). All of the major stakeholders at the time agreed with the rename, including TFT.

The code base is still called bitmonero. There is no reason to rename it, though we certainly could have if we really wanted to.

TFT said he he is sentimental about the Bitmonero name, which I can understand, so I don't think there is any malice or harm in him continuing to use it. He just posted the nice hash rate chart on here using the old name. Obviously he understands that they are one and the same coin.

Would it not suppress confusion if the Monero code base was renamed Monero?  I'n not involved in politics behind things but have some understanding.  People without any knowledge will just be confused.  Now there are too many threads.  Is it Bitmonero or Monero?  People say Monero but all code uses Bitmonero.  Many people confused.  It's bad for Monero.  I think it's problem.  

i agree with this

[PuYang]

there is now yet no pools?

[mickey_miner]

there is now yet no pools?

Pools are in development with great progress.  Soon.

[smooth]

there is now yet no pools?

Pool software is in testing now. You can follow the progress on the pool bounty thread (see original post on this thread for link).

[AnonyMint]

I have asked about the bloat on the chain before, and the consensus was that with the visible competition enforcing a 10% tax on mining to afford some privacy, then the storage space used to hold the blockchain would be a much less cost. I would like to know much more about this though, because the blockchain is noticeably larger in this protocol by a lot.

The issue is not only the cost of the storage. There is the download speed also. And other complex factors. A tax is probably also going to have Tragedy of the Commons effects, as I explained in my numerous discussions of why transaction fees will never work for Bitcoin in the long-run. There are other articles out now about these by others. Such discussion will take us off on tangents I don't feel like having right now.

Someone from your group private messaged me and ask I provide references.

Here is the recent article I was referring to:

http://radar.oreilly.com/2014/04/bitcoin-what-happens-when-the-miners-pack-up-their-gear.html

I raised similar issues last year as follows.

Transactions Withholding Attack

"Spiraling Transaction Fees Destruction" of bitcoin (Transactions fees are a Tragedy of the Commons)

More links on the discussion of why transaction fees suck:

https://bitcointalk.org/index.php?topic=557732.msg6108034#msg6108034

https://bitcointalk.org/index.php?topic=557732.msg6151061#msg6151061

https://bitcointalk.org/index.php?topic=612652.0

https://bitcointalk.org/index.php?topic=557732.msg6152042#msg6152042