It doesn't matter if the analysis was right or wrong. It tanked the price shortly afterwards, so it was right decision to not buy at that moment.
Answer please:
edit: oh f*ck, i remember, you are the guy who invested in litecoin... so why you believed in their devs?
So why litecoin but not cryptcoin? and why bitcoin? why you invest in bitcoin, you know Satoshi Nakamoto? of course no.
Personally i know more things about MindFox than Satoshi nakamoto... like you, so now i think that you can stop here otherwise you can stop to invest in bitcoin too.
Good questions.
Yes, I invested in litecoin and bitcoin. In Litecoin mostly because it was the first alt and because of "gut" feeling (honestly, I liked this guy koolio).
Let me explain this MindFox/Satoshi Nakamoto thing. I don't trust satoshi nakamoto and I don't think that anyone should. In my opinion Satoshi Nakamoto doesn't exists and the bitcoin thing might as well be FBI/NSA conspiracy.
But Bitcoin is not completely new technology and a lot of money was invested in it. Probably lots of people tried to find vulnerabilities in bitcoin, but they couldn't (or they could find them but they were very quickly fixed - transaction malleability for example). So the probability that someone will find any significant problem in bitcoin is getting smaller and smaller. That doesn't mean that such problems don't exist.
The anonymity features are new. Nobody has really reviewed them. There are almost no documented attacks on them. But most of them do contain implementation bugs or are plainly stupid ideas, sorry. So you can't and shouldn't trust any feature. Because in 99% of cases you won't get any additional privacy. In fact you may even lose some because of poor implementation.
So I think that the development of any anonymity or security feature must be done in transparent and open way. Otherwise you really can't trust any of the solutions.
How do we know that mindfox is not NSA or FBI employee and that he won't plant backdoor in his solution? But he doesn't have to be NSA or FBI employee to plant backdoor. Most backdoors in security software are not intentional and are simply consequences of incompetence and/or stupidity (sorry for expression) of software engineers or are consequences of new types of attacks (for example, timing attacks in cryptography).
The only way that you can have any anonymity feature that you can (sort of) trust is to have the whole process completely transparent from the beginning. This includes the "whitepaper" phase where the whitepaper should be reviewed at least by technically inclined members community (ideally they would be reviewed by costly professionals/experts).
I don't understand how the CryptCoin community couldn't find such obvious holes in whitepaper and it had to be reminded about them by some anonymous fudster on Reddit.
I have nothing against MindFox. I don't know the guy and I don't know if he is capable of delivering anything that would allow true anonymity. But in 99,9% of cases some anonymous guy that is doing something in secrecy for one or two months can't deliver a software that provides any kind of true anonymity. His idea will in 99% have some big holes in it and actual implementation will in 80% of cases contain additional vulnerabilities.
This will pose additional risk for investors because they can be victims of any random fudster on Reddit at any time. It really doesn't matter if the arguments of this fudster are valid or not. As long as they look reasonable they will have effect on the price. If the arguments hold water even after they are reviewed by more technically inclined members of community, the price will drop much more.
So the CryptCoin community has still the chance to change it's development methodology to a more open and transparent. This will also lower the risk for investors and probably attract some fresh money, including my money.
now mindfox seem to be a right man, maybe i'm wrong.
