rpietila Altcoin Observer

[arielbit]

hey guys i like to share this link https://crypto.stackexchange.com/questions/18091/is-there-any-true-anonymous-cryptocurrencies/18096#18096

i had to reread it a few times..because i got lost in the technicality

maybe this can help the darkcoin vs cryptonote guys here 

[illodin]

maybe this can help the darkcoin vs cryptonote guys here 

Not much of a help as he apparently doesn't know anything about Darkcoin. Didn't prevent him from giving his opinion though, reminds me of many people in this thread.

[slapper]

I think Evan D overshot when he thought DRK could topple Litecoin.

There is not a snowball's chance in any coin ever replacing Bitcoin as the most important crypto-currency and Litecoin as the most important altcoin. If anything ever comes close, it will be effed over by people. Start investing in Litecoin for those who missed Bitcoin.

[illodin]

maybe this can help the darkcoin vs cryptonote guys here 

Not much of a help as he apparently doesn't know anything about Darkcoin. Didn't prevent him from giving his opinion though, reminds me of many people in this thread.

neither does you or you do but think we are stupid and can't understand how DRK model is flawed.

This must be exactly the kind of conversation rpietila had in mind when he started the thread.

[hodlmybtc]

I think Evan D overshot when he thought DRK could topple Litecoin.

There is not a snowball's chance in any coin ever replacing Bitcoin as the most important crypto-currency and Litecoin as the most important altcoin. If anything ever comes close, it will be effed over by people. Start investing in Litecoin for those who missed Bitcoin.

You are definitely living in a dream world if you think Liteecoin won't be replaced as the most important altcoin.

There are just so many better alternatives than Litecoin, it just had the advantage of growing as the silver along with Bitcoin as gold.

Lately the LTC/BTC ratio has dwindled down and it won't be long before another coin will take Litecoins place.

[slapper]

I think Evan D overshot when he thought DRK could topple Litecoin.

There is not a snowball's chance in any coin ever replacing Bitcoin as the most important crypto-currency and Litecoin as the most important altcoin. If anything ever comes close, it will be effed over by people. Start investing in Litecoin for those who missed Bitcoin.

You are definitely living in a dream world if you think Liteecoin won't be replaced as the most important altcoin.

There are just so many better alternatives than Litecoin, it just had the advantage of growing as the silver along with Bitcoin as gold.

Lately the LTC/BTC ratio has dwindled down and it won't be long before another coin will take Litecoins place.

Sure.......

[Brilliantrocket]

I was never offered a satisfactory response to the following question I asked a couple of days ago: If Cryptonote is not NSA proof, what does it offer over coins like Darkcoin that also give non-NSA proof anonymity ?

NSA-proof is not well defined.  If you establish a goal which is undefined you establish one which is unattainable.  Since you appear to consider xmr an insurmountable competitive threat I can see why you would employ such a 'disingenuous' sophistry, but i cannot see why i should take your bait.

The current plan being implemented in xmr takes it one step closer to practical immunity from a large class of attacks on aspects of transactional privacy. It is already relatively easy to use xmr in a way which makes it practically immune to some classes of attack on transactional privacy which are of interest to me and to which darkcoin is now and likely will always remain susceptible:

Darkcoin is vulnerable to fungibility crisis, just like bitcoin.

Darkcoin will likely be ready about a year sooner than any CN coin.

It's done already.  Evan proved this: he stuck a fork in it - twice, so far.  There is no plan in evidence to transition drk to a technology which provides competitive privacy assurrances.  It seems clear that Evan is not competent to execute such a plan were it dropped in his lap.

You seem to think that by the sheer number of your words you can delude the markets into thinking drk is still a serious coin.  It isn't working.

The forks are meaningless. I feel like I have to explain this so many times. It's beta software. You are clearly clueless regarding software development. To expect zero bugs during beta is beyond stupid, it's insane. In addition, the forks happened due to not enough pools updating at that time. Blaming Evan is just ridiculous. Cryptonote coins are also open to various attacks, a number of these have been detailed by Anonymint.

[Brilliantrocket]

maybe this can help the darkcoin vs cryptonote guys here  

Not much of a help as he apparently doesn't know anything about Darkcoin. Didn't prevent him from giving his opinion though, reminds me of many people in this thread.

neither does you or you do but think we are stupid and can't understand how DRK model is flawed.

This must be exactly the kind of conversation rpietila had in mind when he started the thread.

f.l.a.w.e.d.

if he doesnt like the conversation he can delete any post or tell me or you to not post anymore, its not like I didnt read the rules.

Flawed in what way, may I ask?

[Brilliantrocket]

The conception of DRK was illegitimate, I will not buy it for this reason alone.

It is very unfortunate the launch happened as it happened. I was pissed off at the start too. The market has probably priced it in by now however.

The market will continue to discount drk as a premine scam until it ceases to be a premine scam, forever.

If there were not the alternative of superior cryptography with a fair launch and open development, drk might have surpassed ltc by now.  That ship has sailed, however, and nothing will bring it back.

Are you daft? The market has already decided that DRK has more potential than CN coins. The price is a representation of the market's view. All the nonsense that you guys spout on a daily basis has already been factored in. And yet it's many times larger than the next biggest anonymous coin.

[digicoin]

DRK - the name of a slow death

DarkCoin -> bad name, a criminal name
DRK's CoinJoin -> obsolete technology

That's why people is losing interest in DRK, like QUARK a year ago.

[arielbit]

maybe this can help the darkcoin vs cryptonote guys here 

Not much of a help as he apparently doesn't know anything about Darkcoin. Didn't prevent him from giving his opinion though, reminds me of many people in this thread.

neither does you or you do but think we are stupid and can't understand how DRK model is flawed.

This must be exactly the kind of conversation rpietila had in mind when he started the thread.

f.l.a.w.e.d.

if he doesnt like the conversation he can delete any post or tell me or you to not post anymore, its not like I didnt read the rules.

at this moment both your activity is 224, at least you guys have something in common 

[slapper]

The conception of DRK was illegitimate, I will not buy it for this reason alone.

It is very unfortunate the launch happened as it happened. I was pissed off at the start too. The market has probably priced it in by now however.

The market will continue to discount drk as a premine scam until it ceases to be a premine scam, forever.

If there were not the alternative of superior cryptography with a fair launch and open development, drk might have surpassed ltc by now.  That ship has sailed, however, and nothing will bring it back.

Are you daft? The market has already decided that DRK has more potential than CN coins. The price is a representation of the market's view. All the nonsense that you guys spout on a daily basis has already been factored in. And yet it's many times larger than the next biggest anonymous coin.

Only temporarily.

It is being effed over.

It will be effed over.

Until XMR becomes the leading anon coin.

Then it will be effed over.

Buy Litecoins. Soonish.

[smooth]

The conception of DRK was illegitimate, I will not buy it for this reason alone.

It is very unfortunate the launch happened as it happened. I was pissed off at the start too. The market has probably priced it in by now however.

The market will continue to discount drk as a premine scam until it ceases to be a premine scam, forever.

If there were not the alternative of superior cryptography with a fair launch and open development, drk might have surpassed ltc by now.  That ship has sailed, however, and nothing will bring it back.

Are you daft? The market has already decided that DRK has more potential than CN coins. The price is a representation of the market's view. All the nonsense that you guys spout on a daily basis has already been factored in. And yet it's many times larger than the next biggest anonymous coin.

Everyone here is already making a bet against the market otherwise we would be 99.999% in fiat and ignoring crypto, as discussed a few pages back. Therefore, "the market has decided X" is an absurd statement to make here. If you believe the market, we're all wasting our time with crypto. If you don't believe the market in that respect, there is no reason to necessarily believe the market in other respects.

[darkota]

I've also looked at Zerocoin, it looked promising Until I saw that you have to place your trust in a entity to destroy a key, or theyll otherwise be able to see every transaction as clear as day. It frankly goes against everything Satoshi wanted, to have a trustless application.

This is not my understanding. They can't see the transactions but they can create fake transactions (i.e. create coins out of thin air) in a way that can't ever be detected.

Yea, you're right. They could essentially "doublespend" without anyone ever knowing. I got that mixed up.

[illodin]

DRK - the name of a slow death

DarkCoin -> bad name, a criminal name
DRK's CoinJoin -> obsolete technology

That's why people is losing interest in DRK, like QUARK a year ago.

DRK's DarkSend -> constantly evolving and advancing technology and economy, "darksend+" expected in couple of weeks
CryptoNote -> bad choice in technology in the beginning that prevents mainstream adoption, and still not NSA proof

People are realizing this - just too risky to invest in a coin that has a capped future potential.

[rpietila]

I am sure everybody has heard the essential arguments by now; move on.

[nioc]

The conception of DRK was illegitimate, I will not buy it for this reason alone.

It is very unfortunate the launch happened as it happened. I was pissed off at the start too. The market has probably priced it in by now however.

The market will continue to discount drk as a premine scam until it ceases to be a premine scam, forever.

If there were not the alternative of superior cryptography with a fair launch and open development, drk might have surpassed ltc by now.  That ship has sailed, however, and nothing will bring it back.

Are you daft? The market has already decided that DRK has more potential than CN coins. The price is a representation of the market's view. All the nonsense that you guys spout on a daily basis has already been factored in. And yet it's many times larger than the next biggest anonymous coin.

Only 3 months ago DRK was priced infinitely higher than XMR.  At this rate it should easily surpass drk

We welcome you with open arms

ETA: Posted before moderator's comment.

[slapper]

I am sure everybody has heard the essential arguments by now;

Not true. It is not about calling your home beautiful. It is calling the other guy's home ugly.

You will see the same folks bashing other coins. It is a disease in altcoin world that can't be cured. Not sure how you got sucked into altcoins  

[rpietila]

Not sure how you got sucked into altcoins 

See the OP.

[Quanttek]

I am sure everybody has heard the essential arguments by now; move on.

How about this? You propose a coin, post it's essentials and then over the next few sites, until you stop it, all discussion shall be focused about this coin and how it compares to other coins. Of course people might propose coins to discus and you end discussions