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

[smooth]

Can someone elaborate on why you are choosing XMR over BBR?

My answer to AnonX#1 above is also responsive to your question.

https://bitcointalk.org/index.php?topic=583449.msg8617725#msg8617725

I preferred the original unedited version

[TooDumbForBitcoin]

A principled offended anarchist on Twitter.

I'm too dumb for anarchy.

[owlcatz]

A principled offended anarchist on Twitter.

I'm too dumb for anarchy.

lol. did you not grow up in the 80's, or are oblivious to anything before 1996? Seriously. You said it, not me!  edit - or are you just joking?

[RentaMouse]

Maybe its changed recently but the biggest issue I had with BBR in the first few weeks of it and XMR existing was that BBR is entirely the work of a single developer. He certainly appears prolific and talented but to achieve and maintain growth in the marketplace I believe any coin reaches a point where it needs a team to manage it, and BBR's dev doesn't appear to be the sort of person to devolve responsibility. At some point I suspect it will go the way of many promising tech startups and falter when the key person can no longer juggle all the balls.

[Anotheranonlol]

hint. don't feed the trolls. they will only drag us down.  

The man asked a legitimate question, by refusing to answer and dismissing them as a troll attempting to drag 'us' down it does a disservice to the project you support.

TL;DR the answer was

The leading provider is the best candidate to fill that monopoly niche.  XMR is the leading liquidity provider within the private liquidity niche today.

Just like dogecoin is the leading liquidity provider within the dog based cryptocurrency niche today, and how darkcoin, bitsharex etc were once not leaders in the private liquidity niche but then they were, except they don't count as fitting in the private liquidity niche, only XMR counts.

Also, apparently, competing projects, such as BBR will have to spend at least ~$14MM, or 'more likely' equivalent ~$35MM to overtake XMR with a ~$7MM marktet cap.. in short, stop asking tough questions..   'You'd be better off just buying XMR while it is still cheap.' we can make this happen if we all chip in.

A principled offended anarchist on Twitter.

I'm too dumb for  anarchy.

lol. did you not grow up in the 80's, or are oblivious to anything before 1996? Seriously. You said it, not me!  

TooDumbForBitcoin

[iCEBREAKER]

Maybe its changed recently but the biggest issue I had with BBR in the first few weeks of it and XMR existing was that BBR is entirely the work of a single developer. He certainly appears prolific and talented but to achieve and maintain growth in the marketplace I believe any coin reaches a point where it needs a team to manage it, and BBR's dev doesn't appear to be the sort of person to devolve responsibility. At some point I suspect it will go the way of many promising tech startups and falter when the key person can no longer juggle all the balls.

Both projects are open source, so anyone may contribute code.  It's very nice that we have two good, but significantly different, CN-based coins to choose from.  XMR represents the democratic, bottom-up approach.  BBR represents the top-down Benevolent Dictator For Life model that worked so well for Linus Torvald's UNIX.  I think both twins will be winners!

[Brilliantrocket]

This is my first post here, but I am not a "troll".  I am a significant holder, accumulating over the last months, and you can tell by my twitter @indiemaps that I have supported Monero in the past.  But I can't see how anybody can trust the socialist devs of this project after the revelations of the past few days.  I will not dump b/c I believe there is more BTC to be made off this flavor of the season coin.  But I have certainly lost my trust and faith in the coin and team.

The developers claim to want to separate the monetary system from the government, yet David Latapie also believes in socialist education, redistributionist schemes, and forced/violent taxation.  How this is compatible with an anonymous cryptocurrency is beyond me.

I and I hope all the other anarchists who have supported this coin in the past need to move on....to a coin with nonviolent developers who do not wish to force their views of society on us.

How could you possibly mandate that all developers of an open source project conform to a certain set of political views? Why would you care, as long as the product performs as advertised?

[Anon136]

This is my first post here, but I am not a "troll".  I am a significant holder, accumulating over the last months, and you can tell by my twitter @indiemaps that I have supported Monero in the past.  But I can't see how anybody can trust the socialist devs of this project after the revelations of the past few days.  I will not dump b/c I believe there is more BTC to be made off this flavor of the season coin.  But I have certainly lost my trust and faith in the coin and team.

The developers claim to want to separate the monetary system from the government, yet David Latapie also believes in socialist education, redistributionist schemes, and forced/violent taxation.  How this is compatible with an anonymous cryptocurrency is beyond me.

I and I hope all the other anarchists who have supported this coin in the past need to move on....to a coin with nonviolent developers who do not wish to force their views of society on us.

How could you possibly mandate that all developers of an open source project conform to a certain set of political views?

I think he's just mandating that they not be extreme statists.

[canth]

This is my first post here, but I am not a "troll".  I am a significant holder, accumulating over the last months, and you can tell by my twitter @indiemaps that I have supported Monero in the past.  But I can't see how anybody can trust the socialist devs of this project after the revelations of the past few days.  I will not dump b/c I believe there is more BTC to be made off this flavor of the season coin.  But I have certainly lost my trust and faith in the coin and team.

The developers claim to want to separate the monetary system from the government, yet David Latapie also believes in socialist education, redistributionist schemes, and forced/violent taxation.  How this is compatible with an anonymous cryptocurrency is beyond me.

I and I hope all the other anarchists who have supported this coin in the past need to move on....to a coin with nonviolent developers who do not wish to force their views of society on us.

Technology isn't about 1 particular ideology - if it were then it would remain niche and no one would use it, similar to Linux on the desktop. Technology is neutral and it can support anarchists, libertarians as well as moderates just fine. If you want to participate in something that is accepted by critical mass, then be prepared to work with and support others who do not share your worldviews. I, for one, do not want Bitcoin, Monero or any other revolutionary value token inventions to remain niche - if they do, they they will die and be replaced by GoogleCoin or FacebookBucks. Uggh.

[eizh]

I'm curious about indiemaps's anti-socialism prerequisities. If there's one socialist, does he automatically reject the open source project? Or does one free market-proponent and one socialist cancel out? Is there a weighting function? So many questions.

[canth]

Can someone elaborate on why you are choosing XMR over BBR?

http://youarenotsosmart.com/2011/03/25/the-sunk-cost-fallacy/

http://en.wikipedia.org/wiki/First-mover_advantage

And by first mover, first cryptonote based token to reach $5m market cap and a decent trading volume - this without an official GUI, SPV wallet (web or mobile), etc.

[canth]

I'm curious about indiemaps's anti-socialism prerequisities. If there's one socialist, does he automatically reject the open source project? Or does one free market-proponent and one socialist cancel out? Is there a weighting function? So many questions.

Naw, he uses percentages. Anything more than smells more than 13.37% socialist and indiemap is out. Quick, hide the Marxists!

[smooth]

Linus Torvald's UNIX.

1. It is Torvalds not Torvald.

2. It is Linux not UNIX.

3. Linus Torvalds is one of very few individual developers who successfully made the transition to leader and manager of a very large and very successful project. Avoid hasty generalization.

[nioc]

Drooling Masses update.

After much trepidation about updating due to never having done so before, I just successfully did so.  Windows 8.1, what else would The Drooling Masses have, and it couldn't have been easier.  The deleted p2pstate.bin has recreated itself but not the poolstate.bin.  I haven't closed the daemon yet so maybe it has yet to happen.  Also the "seed" command didn't work before updating and now it works.  My coins are safe and sound.  Below is a copy of the continuous errors I am now getting.  I believe it had been posted a few days ago but I don't remember what was said.

2014-Aug-31 23:09:44.401790 [P2P3]ERROR ..\..\src\cryptonote_core\tx_pool.cpp:91
 transaction fee is not enough: 0.009000000000, minumim fee: 0.100000000000
2014-Aug-31 23:09:44.401790 [P2P3]Transaction verification failed: <7f1da07abb12
057c0dda36cc22b5889e5e621374df9fa894b64f0ca8e2c6dcf0>
2014-Aug-31 23:09:44.417415 [P2P3][212.175.132.210:53944 INC]Tx verification fai
led, dropping connection
2014-Aug-31 23:09:46.151806 [P2P4]ERROR ..\..\src\cryptonote_core\tx_pool.cpp:91
 transaction fee is not enough: 0.009000000000, minumim fee: 0.100000000000
2014-Aug-31 23:09:46.151806 [P2P4]Transaction verification failed: <7f1da07abb12
057c0dda36cc22b5889e5e621374df9fa894b64f0ca8e2c6dcf0>
2014-Aug-31 23:09:46.151806 [P2P4][42.159.201.221:1040 INC]Tx verification faile
d, dropping connection
2014-Aug-31 23:10:02.761347 [P2P0]ERROR ..\..\src\cryptonote_core\tx_pool.cpp:91
 transaction fee is not enough: 0.009000000000, minumim fee: 0.100000000000
2014-Aug-31 23:10:02.761347 [P2P0]Transaction verification failed: <7f1da07abb12
057c0dda36cc22b5889e5e621374df9fa894b64f0ca8e2c6dcf0>
2014-Aug-31 23:10:02.761347 [P2P0][121.8.54.188:64976 INC]Tx verification failed
, dropping connection
2014-Aug-31 23:12:54.934930 [P2P2][sock 1144] Some problems at write: An existin
g connection was forcibly closed by the remote host:10054

[eizh]

Drooling Masses update.

After much trepidation about updating due to never having done so before, I just successfully did so.  Windows 8.1, what else would The Drooling Masses have, and it couldn't have been easier.  The deleted p2pstate.bin has recreated itself but not the poolstate.bin.  I haven't closed the daemon yet so maybe it has yet to happen.  Also the "seed" command didn't work before updating and now it works.  My coins are safe and sound.  Below is a copy of the continuous errors I am now getting.  I believe it had been posted a few days ago but I don't remember what was said.

It's functioning properly - no harm in any of those notifications. Those are other users' transactions being rejected for insufficient fees and one closed connection (ordinary network behavior).

[canth]

Drooling Masses update.

After much trepidation about updating due to never having done so before, I just successfully did so.  Windows 8.1, what else would The Drooling Masses have, and it couldn't have been easier.  The deleted p2pstate.bin has recreated itself but not the poolstate.bin.  I haven't closed the daemon yet so maybe it has yet to happen.  Also the "seed" command didn't work before updating and now it works.  My coins are safe and sound.  Below is a copy of the continuous errors I am now getting.  I believe it had been posted a few days ago but I don't remember what was said.

<snip>

The errors you are seeing are peers trying to send transactions with a < 0.1 XMR tx fee. Your client is rejecting them, as it should be. No cause for alarm. (someone with more experience correct me if I've got my head up my ass)

[drawingthesun]

Maybe its changed recently but the biggest issue I had with BBR in the first few weeks of it and XMR existing was that BBR is entirely the work of a single developer. He certainly appears prolific and talented but to achieve and maintain growth in the marketplace I believe any coin reaches a point where it needs a team to manage it, and BBR's dev doesn't appear to be the sort of person to devolve responsibility. At some point I suspect it will go the way of many promising tech startups and falter when the key person can no longer juggle all the balls.

Both projects are open source, so anyone may contribute code.  It's very nice that we have two good, but significantly different, CN-based coins to choose from.  XMR represents the democratic, bottom-up approach.  BBR represents the top-down Benevolent Dictator For Life model that worked so well for Linus Torvald's UNIX.  I think both twins will be winners!

Except that Zoidberg is a none trick poney, Linux has expert management skills.

[smooth]

Below is a copy of the continuous errors I am now getting.  I believe it had been posted a few days ago but I don't remember what was said.

2014-Aug-31 23:09:44.401790 [P2P3]ERROR ..\..\src\cryptonote_core\tx_pool.cpp:91
 transaction fee is not enough: 0.009000000000, minumim fee: 0.100000000000
2014-Aug-31 23:09:44.401790 [P2P3]Transaction verification failed: <7f1da07abb12
057c0dda36cc22b5889e5e621374df9fa894b64f0ca8e2c6dcf0>
2014-Aug-31 23:09:44.417415 [P2P3][212.175.132.210:53944 INC]Tx verification fai
led, dropping connection

These errors are normal and 100% harmless. They simply mean that you were connected to a peer running an obsolete version, and your node detected that and dropped the connection. If necessary your node will also find a new peer to replace the dropped connection. The messages should decrease in frequency over time.

Reply to previous reply: No need for craneo-rectal extraction at this time.

[iCEBREAKER]

Linus Torvald's UNIX.

1. It is Torvalds not Torvald.

2. It is Linux not UNIX.

3. Linus Torvalds is one of very few individual developers who successfully made the transition to leader and manager of a very large and very successful project. Avoid hasty generalization.

1.  Sorry for putting the apostrophe in the wrong place.  Thanks Spelling Nazi.  

2. Linux = Linus Torvalds UNIX

3. Where's the "hasty generalization?"  All I said was that it's very nice to have two significantly different approaches for implementing CN.  Oh Noez, I said something nice about BBR!?  Quick, burn the witch!  

[iCEBREAKER]

Except that Zoidberg is a none trick poney, Linux has expert management skills.

The XMR/BBR sibling rivalry is adorable.  Sound like somebody is cranky because BBR spiked up +25% while XMR crashed -13%.