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Topic: [ANN] [XMV] MoneroV - Fork 1:10 of Monero - Finite coin supply - Private - page 41. (Read 45790 times)

newbie
Activity: 41
Merit: 0
that scammy feeling.

a fork to drive the price of monero down.
newbie
Activity: 46
Merit: 0
How can I get MoneroV?
Anyone who holds Monero prior to the fork which will occur on block height 1529810 (~14th March 2018) will be an owner of MoneroV and will receive MoneroV coins (XMV) in the rate of 1 XMR = 10 XMV. As an example, if you hold 1 Monero coin (XMR) prior to the fork, you will own 10 MoneroV (XMV) after the fork.

OK.... So.... I bought 100 Monero 9 months ago, then sold them (all 100) 6 months ago, so I held Monero "prior to the fork".

So I will be able to claim 1,000 MoneroV when it's out..... Right?

Or. Does someone need to change the "prior to the fork" to "at the time of the fork"?
sud
sr. member
Activity: 826
Merit: 301
Instead of dealing with the toxic dev community at Monero and trying to fix their blunder of turning Bitmonero into "Hashcashnote" (Monero). Why not just contribute to Boolberry?

Boolberry is one of the original CN projects and currently is only $1.50 a coin vs Monero's $250. It's finite coin supply is just over 11m/18.4m BBR emitted vs XMR's 16m/??. The original developer of Boolberry, crypto_zoidberg, is far more competent than any of the XMR core developers. Some believe he is the original author of the CN protocol.


https://bitcointalksearch.org/topic/m.8959666

After a 2+ year absence from Boolberry he is now back on the project full time so there's a lot of upside potentional there:

https://bitcointalksearch.org/topic/m.31322798

At a fundamental and technical level it is also still superior to Monero.

  • The blockchain at 3.6GB is over 90% smaller than Monero at 40GB
    http://www.slideshare.net/boolberry/boolberry-reduces-blockchain-bloat
  • Boolberry like Bitcoin is a deflationary currency with a fixed finite supply where as Monero is inflationary with it's infinite coin supply. I'm not sure when it became acceptable to have an inflationary Cryptocurrency when Satoshi's original goal was to limit inflation in the hashcash protocol. In all honesty the MoneroV supporters should just come to Boolberry instead of dealing with the toxic XMR community.
  • The unlinkable outputs Zoidberg pioneered that XMR "core" downplayed is providing real privacy protections vs the false sense of security provided by Monero. I've had constructive dialog with the author of the Monero traceability report and he's confirmed with me that Boolberry is a step in the right direction with regards to privacy protection vs Monero. I will take his input as a PhD level researcher over any shill or math student from the Monero camp.
    https://eprint.iacr.org/2017/338.pdf
    https://www.slideshare.net/boolberry/boolberry-solves-cryptonoteflaws-37055246
  • Due to it's superior mining algorithm, the transactions are near instant.
    http://boolberry.com/files/Block_Chain_Based_Proof_of_Work.pdf
    Navigate to section 6 of our latest paper:
    https://eprint.iacr.org/2017/1168.pdf
  • The GUI wallet that was available in 2014 works better than anything put out by Monero 4 years after the fact

Zoidberg's absence from working on Boolberry full time has created some downsides for the project relative to Monero:

  • The lack of an embedded DB solution to lower the memory footprint (Zoidberg is working on this)
  • A lack of public awareness (easily resolved with outreach efforts from the team working with Boolberry)
  • RingCT: an inefficient system for what it's trying to accomplish (the new BBR system is orders of magnitude more efficient)
  • Larger community (something that can be easily addressed when those contributing to Monero make the realization that Boolberry is the better project ran by an actual developer not an internet troll with git access)
  • Higher marketcap (something that will be resolved over time as product of active development and outreach)

Although I am now focusing on my own project I know that Boolberry has the potential (for reasons listed above) to replace Monero as the top CN project for 2018. It would make sense for any efforts to "fix" Monero to instead be directed at supporting Boolberry in this effort given that the ratio of 1XMR:250BBR one can have a much larger stake in BBR and contribute to the eventual parity and succession of Boolberry as the leader for CN based privacy.

https://coinmarketcap.com/currencies/boolberry/
https://coinmarketcap.com/currencies/monero/

Thanks for your detailed post. I had no idea about BBR and you got me interested, so I have no choice but to make some research. Cool
newbie
Activity: 128
Merit: 0
Instead of dealing with the toxic dev community at Monero and trying to fix their blunder of turning Bitmonero into "Hashcashnote" (Monero). Why not just contribute to Boolberry?

answer is simple... MoneroV owner  want on copy\paste code, not do anything make BIG money(as XMR have cost)  Roll Eyes Grin Roll Eyes
sr. member
Activity: 337
Merit: 315
Instead of dealing with the toxic dev community at Monero and trying to fix their blunder of turning Bitmonero into "Hashcashnote" (Monero). Why not just contribute to Boolberry?

Boolberry is one of the original CN projects and currently is only $1.50 a coin vs Monero's $250. It's finite coin supply is just over 11m/18.4m BBR emitted vs XMR's 16m/??. The original developer of Boolberry, crypto_zoidberg, is far more competent than any of the XMR core developers. Some believe he is the original author of the CN protocol.


https://bitcointalksearch.org/topic/m.8959666

After a 2+ year absence from Boolberry he is now back on the project full time so there's a lot of upside potentional there:

https://bitcointalksearch.org/topic/m.31322798

At a fundamental and technical level it is also still superior to Monero.

  • The blockchain at 3.6GB is over 90% smaller than Monero at 40GB
    http://www.slideshare.net/boolberry/boolberry-reduces-blockchain-bloat
  • Boolberry like Bitcoin is a deflationary currency with a fixed finite supply where as Monero is inflationary with it's infinite coin supply. I'm not sure when it became acceptable to have an inflationary Cryptocurrency when Satoshi's original goal was to limit inflation in the hashcash protocol. In all honesty the MoneroV supporters should just come to Boolberry instead of dealing with the toxic XMR community.
  • The unlinkable outputs Zoidberg pioneered that XMR "core" downplayed is providing real privacy protections vs the false sense of security provided by Monero. I've had constructive dialog with the author of the Monero traceability report and he's confirmed with me that Boolberry is a step in the right direction with regards to privacy protection vs Monero. I will take his input as a PhD level researcher over any shill or math student from the Monero camp.
    https://eprint.iacr.org/2017/338.pdf
    https://www.slideshare.net/boolberry/boolberry-solves-cryptonoteflaws-37055246
  • Due to it's superior mining algorithm, the transactions are near instant.
    http://boolberry.com/files/Block_Chain_Based_Proof_of_Work.pdf
    Navigate to section 6 of our latest paper:
    https://eprint.iacr.org/2017/1168.pdf
  • The GUI wallet that was available in 2014 works better than anything put out by Monero 4 years after the fact

Zoidberg's absence from working on Boolberry full time has created some downsides for the project relative to Monero:

  • The lack of an embedded DB solution to lower the memory footprint (Zoidberg is working on this)
  • A lack of public awareness (easily resolved with outreach efforts from the team working with Boolberry)
  • RingCT: an inefficient system for what it's trying to accomplish (the new BBR system is orders of magnitude more efficient)
  • Larger community (something that can be easily addressed when those contributing to Monero make the realization that Boolberry is the better project ran by an actual developer not an internet troll with git access)
  • Higher marketcap (something that will be resolved over time as product of active development and outreach)

Although I am now focusing on my own project I know that Boolberry has the potential (for reasons listed above) to replace Monero as the top CN project for 2018. It would make sense for any efforts to "fix" Monero to instead be directed at supporting Boolberry in this effort given that the ratio of 1XMR:250BBR one can have a much larger stake in BBR and contribute to the eventual parity and succession of Boolberry as the leader for CN based privacy.

https://coinmarketcap.com/currencies/boolberry/
https://coinmarketcap.com/currencies/monero/
copper member
Activity: 21
Merit: 3
And another one to make the developers rich. People are really fed up with coins that have an automatic coinbase transaction split for developers. Why don't you just prove your capabilities and then raise money afterwards?

That sounds a lot harder than just paying themselves part of every block :-)
As long as users / investors don't care, this kind of crap will continue.
newbie
Activity: 13
Merit: 2
Quote
“We believe Monero’s infinite coin supply was a mistake and is a tax in the form of inflation for all XMR holders. This is a fundamental flaw that MoneroV fixes by putting a cap on the total MoneroV coins that can be created.”

Quote
Afterwards, the inflation of both coins is exactly the same percentage wise until XMV hits 256 Million (XMR would be at this point 25.6 Million). After that point, MoneroV will stop inflating as it hit the max supply while Monero will keep inflating indefinitely.

I don't understand quotes like these.

Paid developers vs. volunteers. Fixing holes in protocols .... I understand these things. I'm not up to speed with the faults of Monero. If MoneroV can deliver on these two things thumbs up. But the infinite inflationary supply of Monero makes me chuckle a little. Really when any crypto says this. Inflation is the result of a widening gap between two funtions: the function of currency creation over time, the function of the creation of goods and services over time.

The function of Monero creation is logarithmic-like in nature.... if you look at a log function you wouldn't think the limit of such of function is infinity but it is. The function of goods and services creation should be somewhat correlated to the function representing human population probably factoring in certain technological advances.... the population function will probably be a sigmoidal function especially when we start to approach the carrying capacity of the planet adjusted for technological advances. But then there is the function of the goods and services that can be produced once we reach certain technological levels.... so more than likely this function is also infinite. Not to forget as people come out of poverty they will create a higher demand on goods and services.

The only way I personally see any inflationary results is if we're stuck on this planet and limited to its carrying capacity ..... and the passage of a long long long very very long time. Although I said log-like in nature... surely the beginning is, the final function is linear with a small slope. So we're trying to relate the exponential nature of inflation of fiat currencies to a linear function which is Monero's. That's not even apples and oranges. I don't see the function of Monero supply ever coming close to the function of goods and services....ever.
full member
Activity: 296
Merit: 100

Looks like a new proper coin joining the top 20 of the crypto world.
As a early Monero investor i see this as a Monero on steroids  Grin.
When Moon?
member
Activity: 742
Merit: 12
Sounds great. Hoping for starting exchange price high. Smiley
sr. member
Activity: 896
Merit: 251
It depends on your understanding how well you have taken in consideration all the aspects. It looks like this year we will see forked coins of all old coins which have established markets and support of large communities. It is interesting to see how it evolves in future. I start know to read about it fully over the next days.
newbie
Activity: 13
Merit: 0
Hello


Is it a good idea to buy the XMR now ?

newbie
Activity: 128
Merit: 0
us am undestand....

1. MoneroV fork from Monero
2. MonoroV NO build own Node
3. to Pick XMV(with not know price) need give to "noname" person(team) my private key from wallet
4. if Node remain Monero - "noname" HAVE my wallet and my private key XMR(with price ~300$)
5. to secure XMR somehow I need move before fork from wallet(pay Fees) and move after fork back(pay Fees) my Monero (and maybe receive XMV with not know price)
newbie
Activity: 210
Merit: 0
When i can start mining?))
newbie
Activity: 19
Merit: 0
hi guys,
this might stupid question but can some one clarifiy for me please.

1.Which wallet is best for storing Monero where i can claim XMV or the upcoming fork?I have download Windows wallet but it is taking ages i been syncing since last one week.i dont think i will able to sync whole blockchain by the fork happens.

2.It says 1 XMR = 10 XMV,but when i have 0.98 XMR will i get 9.80 XMV or should i have one complete XMR?

thanks


You can use remote node for quick sync of your GUI wallet.  See how to do it here https://getmonero.org/resources/user-guides/remote_node_gui.html
full member
Activity: 484
Merit: 105
Interesting. What will be the cost of this coin?

market will decide. we look forward to that..
hero member
Activity: 686
Merit: 501
Blockchain Just Entered The Real World
This looks nice project, It's time to withdraw some monero from exchange to my wallet.
I think it's price will be 1/10 of Monero. So don't miss the opportunity guys.
newbie
Activity: 147
Merit: 0
I just can't believe how much the monero team is obsessed with this project.
This is all great signs for a big event all the crypto community will benefit from.

Still waiting for those bounties.
jr. member
Activity: 126
Merit: 1
Interesting. What will be the cost of this coin?
full member
Activity: 714
Merit: 160
Another hardfork coin
interesting enough
maybe i will buy some Monero when snapshot begins for free money...  Grin
anyway, which exchange will support this coin ?
full member
Activity: 484
Merit: 105
After the fork and release, will the new wallet require a complete blockchain download and store as is [seemingly] the case with Monero now?

There will be a light weight wallet which does not require you to download the whole chain
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