Cryptonote: More Bitcoin Than Bitcoin

[runpaint]

Dashcoin has a good wallet GUI.  It's set up differently from a typical crypto wallet, and it's not as flashy, but it has some advantages.  When you open the client, it syncs with the network before it opens your wallet.  Then you can create multiple wallets within the interface, and it requires a password for each wallet you create. 

Too bad Dashcoin was sold to Dark. 

lol, not really.  Dark is changing its name to Dash, and they paid the Dashcoin dev to close the github, but Dashcoin is still going.  Dashcoin is still being traded on Poloniex, people are still mining, my wallet still syncs and my coins still spend.

[manselr]

It all seems great, but for some reason they are struggling to come up with a functional gui. AFAIK Monero still didn't got the gui going right?

We never messed around too much with a core GUI because there's so much as to do with the core code and core GUIs tend to become quickly antiquated (just look at Bitcoin-QT, which virtually no one uses anymore).

I do use Bitcoin-qt :p I have become so used to it, and im paranoid to use any other wallet, at least for my "main stack" of BTC so to speak. I like to have the wallet.dat file of the original client in several backups.

[coinpr0n]

Dashcoin has a good wallet GUI.  It's set up differently from a typical crypto wallet, and it's not as flashy, but it has some advantages.  When you open the client, it syncs with the network before it opens your wallet.  Then you can create multiple wallets within the interface, and it requires a password for each wallet you create. 

Too bad Dashcoin was sold to Dark. 

lol, not really.  Dark is changing its name to Dash, and they paid the Dashcoin dev to close the github, but Dashcoin is still going.  Dashcoin is still being traded on Poloniex, people are still mining, my wallet still syncs and my coins still spend.

Huh, interesting. This was not made clear to me I totally thought it was being taken over by the Darkcoin devs.

[qvan]

Dashcoin has a good wallet GUI.  It's set up differently from a typical crypto wallet, and it's not as flashy, but it has some advantages.  When you open the client, it syncs with the network before it opens your wallet.  Then you can create multiple wallets within the interface, and it requires a password for each wallet you create. 

Too bad Dashcoin was sold to Dark. 

lol, not really.  Dark is changing its name to Dash, and they paid the Dashcoin dev to close the github, but Dashcoin is still going.  Dashcoin is still being traded on Poloniex, people are still mining, my wallet still syncs and my coins still spend.

Huh, interesting. This was not made clear to me I totally thought it was being taken over by the Darkcoin devs.

dashcoin is supposed to be the "digital cash" look at it's mascot, a paper cash...darkcoin devs are really dark on this 

[Hazir]

It all seems great, but for some reason they are struggling to come up with a functional gui. AFAIK Monero still didn't got the gui going right?

We never messed around too much with a core GUI because there's so much as to do with the core code and core GUIs tend to become quickly antiquated (just look at Bitcoin-QT, which virtually no one uses anymore).

I do use Bitcoin-qt :p I have become so used to it, and im paranoid to use any other wallet, at least for my "main stack" of BTC so to speak. I like to have the wallet.dat file of the original client in several backups.

You know that you can export wallet.dat as this file is compatible with most of the other wallets. You can even export it on blockchain.info if you have to.
But you may want to have local 'lightweight' wallet like Multibit or Electrum for fast transactions. As for the Cryptonote technology well... bitcoin is fine without it and there is no sense in crying over it now. Just wait for the bitcoin 2.0

[vvv8]

@OP

Nope.

Try again

Any constructive reply? or just plain shilling

It seems that you believe that bitcoin was designed in a flawed manner. When I say flawed, I mean that you think it doesn't have enough anonymity for its purpose and function.

I, personally believe that bitcoin was designed in the correct manner for its purpose. It was never about 100% anonymity, and anybody that thinks such a thing would be highly delusional .

That's not to say that bitcoin will not be improved upon, as it is the basic application layer to a global system which is being developed ground up, using bitcoin as the foundation.

[mmortal03]

If we want to add sidechain support in the future, the hashing algorithm can be change to something simple. In the meantime, the algorithm is relatively "egalitarian" in that no specialized hardware is required.

Is changing the hashing algorithm something that would realistically be considered?

[thebenjamincode]

hey i tried to mine these type of coins before and my thoughts are there are not much of different than bitcoin

[Benjig]

Well, that's the beauty of cryptonote. It can provide both relative transparency and secure anonymity. It's not one thing, it's both.

Hmm that reminds me of another coin, I just can't remember the name.  

Edit:  I remembered!  It is "bitcoin". 

I agree
Many different coins, ideas exist already, this Cryptonote seems like Monero to me.
In Maze Runner movie, one boy said: "Everything you can think of to escape the maze we already tried it and didn't worked". From now on, Any Alternate Cryptocurrency ideas seems to be like that Maze Runner movie line...

[americanpegasus]

I see a few things here -  first of all bitcoiners are saying that if Cryptonote were important, it would have been incorporated into bitcoin already...  Well, no.  It didn't exist before 2012 -  2014.   
 
Then there are others who say that if it is important, it can be incorporated into a future version of bitcoin: no it can't.  The changes are too fundamental for that. 
 
And then there are those who say they don't want to see this - well sure, I can imagine it stinks being advised of a massive flaw in the bitcoin protocol (as amazing as it has been) that only a new technology can fix. 

[RGBKey]

I don't trust the wikipedia page to be accurate, what exactly is cryptonote?

[smooth]

I don't trust the wikipedia page to be accurate

Good decision, it is very manipulated.

Cryptonote is an alternate protocol and implementation for a proof of work cryptocurrency that implements untraceability and unlinkability using ring signatures (which satoshi called group signatures) and stealth addresses to provide resistance to blockchain analysis (which in turn helps with privacy and fungibility), along with some other improvements such a variable block size, no halving (subsidy drops a little each block), etc. The leading cryptonote coin is Monero but there are some other ones such as Boolberry (small, with some advanced featured), AEON (small, with some advanced features), Bytecoin (80% ninja premined), etc.

[RGBKey]

I don't trust the wikipedia page to be accurate

Good decision, it is very manipulated.

Cryptonote is an alternate protocol and implementation for a proof of work cryptocurrency that implements untraceability and unlinkability using ring signatures (which satoshi called group signatures) and stealth addresses to provide resistance to blockchain analysis (which in turn helps with privacy and fungibility), along with some other improvements such a variable block size, no halving (subsidy drops a little each block), etc. The leading cryptonote coin is Monero but there are some other ones such as Boolberry (small, with some advanced featured), AEON (small, with some advanced features), Bytecoin (80% ninja premined), etc.

So that's why everyone keeps spamming Monero. It sounds pretty cool but I'm not quite sure I would want to drop bitcoin when bitcoin is so much more developed service wise. I hope we can get some of those features over to bitcoin soon.

[smooth]

So that's why everyone keeps spamming Monero.

Yes and no. Some people are indeed very enthusiastic about it because as you said, it sounds pretty cool. Others spam about it to discredit it in a sort of reverse trolling way. The coin market is a very messy competitive business with all manner of attacks flying in every direction (think "food fight").

It sounds pretty cool but I'm not quite sure I would want to drop bitcoin when bitcoin is so much more developed service wise.

I agree with you 100%

I hope we can get some of those features over to bitcoin soon.

Unlikely in practice. Cryptonote/Monero has  been around for about 18 months and none of the features have been implemented in Bitcoin, nor will be any time soon. There is vague discussion about a flexible block size but that isn't happening any time soon either, assuming it happens at all.

[RGBKey]

So that's why everyone keeps spamming Monero.

Yes and no. Some people are indeed very enthusiastic about it because as you said, it sounds pretty cool. Others spam about it to discredit it in a sort of reverse trolling way. The coin market is a very messy competitive business with all manner of attacks flying in every direction (think "food fight").

It sounds pretty cool but I'm not quite sure I would want to drop bitcoin when bitcoin is so much more developed service wise.

I agree with you 100%

I hope we can get some of those features over to bitcoin soon.

Unlikely in practice. Cryptonote/Monero has  been around for about 18 months and none of the features have been implemented in Bitcoin, nor will be any time soon. There is vague discussion about a flexible block size but that isn't happening any time soon either, assuming it happens at all.

Bitcoin bureaucracy seems to move pretty slowly. I don't think I'll be around by the time anything about that happens.

[smoothie]

So that's why everyone keeps spamming Monero.

Yes and no. Some people are indeed very enthusiastic about it because as you said, it sounds pretty cool. Others spam about it to discredit it in a sort of reverse trolling way. The coin market is a very messy competitive business with all manner of attacks flying in every direction (think "food fight").

It sounds pretty cool but I'm not quite sure I would want to drop bitcoin when bitcoin is so much more developed service wise.

I agree with you 100%

I hope we can get some of those features over to bitcoin soon.

Unlikely in practice. Cryptonote/Monero has  been around for about 18 months and none of the features have been implemented in Bitcoin, nor will be any time soon. There is vague discussion about a flexible block size but that isn't happening any time soon either, assuming it happens at all.

Bitcoin bureaucracy seems to move pretty slowly. I don't think I'll be around by the time anything about that happens.

Yes and I think it will only get harder/slower as time goes on.

Bitcoin is great but it obviously has its scaling challenges in terms of "consensus" among the bitcoin space players.

[chennan]

I don't trust the wikipedia page to be accurate

The leading cryptonote coin is Monero but there are some other ones such as Boolberry (small, with some advanced featured), AEON (small, with some advanced features), Bytecoin (80% ninja premined), etc.

When you say "small" do you just mean that the overall market for that coin is small, or the block size is small, etc? But I have been really impressed with monero's structure and community, I have been researching a little on it and so far so good on my end.  I'd just have to see it get closer to $1 for me to start wanting to invest in it.

[I am the guy]

To my knowledge boolberry solved the blockchain bloat issue.

[CoinsOrDie]

yes that's what I heard too

[smooth]

I don't trust the wikipedia page to be accurate

The leading cryptonote coin is Monero but there are some other ones such as Boolberry (small, with some advanced featured), AEON (small, with some advanced features), Bytecoin (80% ninja premined), etc.

When you say "small" do you just mean that the overall market for that coin is small, or the block size is small, etc? But I have been really impressed with monero's structure and community, I have been researching a little on it and so far so good on my end.  I'd just have to see it get closer to $1 for me to start wanting to invest in it.

I meant that in terms of market size, community size, and project size (the latter referring to number of developers and others working on it).

The blocksize in all of them is dynamic  (grows as needed, shrinks when not needed). Boolberry and AEON both have some pruning features (sightly different from each other).