What a pompous arrogant asshole. His dumb jokes, infantile quips and general behaviour void him of any professionality. I haven't seen Fernando or Evan make fun of Moronero in front of other people. Is it because they're professionals or because no one in the audience would have a damn clue what Monero is? Probably both.
Anyway: Real devs do not descend to that kind of behaviour.
The mere fact that he claimed DASH had a "premine" despite knowing better prove him a liar und extremely dishonest and untrustworthy. Any one even scratching the surface of DASH also knows what he said about Masternodes is utter bullshit.
I love how he goes on circlejerking and climaxing all over "viewkeys" this and "viewkeys" that and how they protect your transaction history. Well guess what dickweed: Encrypt your wallet or just say you don't have any cryptocurrency, TADA problem solved. No need for a useless contraption called "viewkey" necessitating an invisible, retroactively breakable, unusably bloated and slow as fuck blockchain.
But that's as much as I could bear of hearing that arrogant guido talk so I didn't watch any further. I'm sure the rest is all crap, too.
Oh btw: "Fluffypony"... who wants to bet he watches My Little Pony and masturbates while wearing animal costumes? Just don't google the term "furry", people...
I've never heard anyone from Monero give a presentation so I thought I'd spend the time watching and listening to this to get a first hand feel.
It's starting to become clear now why so many of the Monero people spend so much time coming into this thread and trying to discredit Dash and the Dash community; with this sort of "leadership" they're so unsure of themselves and the horse they've backed; attack is indeed the only possible action.
My impression is that Riccardo Spagni (aka "fluffypony") is a very lightweight wannabe-pundit who clearly has serious holes in his understanding and knowledge of what's key to making a cryptocurrency an actual 'currency'. And furthermore his flippant style of presentation and offhanded sarcasm is terribly unprofessional and lacking in substance.
Some segments in the video really highlight how flawed is much of the approach and how little thought has gone into the really important stuff.
17:25
Regulatory compliance. Riccardo talks about how their 'view keys' creates this really nice regulatory compliance facility, but he goes on to explain how you, the Monero user, are in full control of what you can show/what you can hide and (in the classic style of a technoboffin) he doesn't seem to have any understanding that a 'compliance system' that involves one party being able to obscure information and only selectively present transactions is about genuine for confirming compliance as a register of cash transactions (i.e. such registers are so easily altered to suit and keep 'cash sales' to a minimum). No regulator is going to accept view keys as even remotely plausible and at:
17:50 he even says if the government comes knocking asking for your record you can "give them one of your view keys and keep the other ones under your mattress". This (plus the hidden blockchain) is just more silliness that's indicative of how little understanding there is of what a currency is and what's going to work in the real world. (It's what often happens when people who are primarily technoboffins are let loose onto ideas within the field of monetary economics)
22:00
Monero does other stuff too: Here's an example of a contradictory statement. Riccardo talks about it being "slightly inflationary" but then explaining how the block reward stays the same after 2022 he then states it's "technically slightly disinflationary"
22:27 And here's an example of another contradictory statement. "We have no block limit...(pause)... err we have a dynamic block limit" and he then goes on to explain what he means about how the block size can be adjusted by the protocol looking at previous block sizes and it potentially increasing but to no more than 20%. It's confusing because in effect there's still a block limit and none of it addresses the massive bloat Monero's blockchain is subject to.
24:13 Then this confusion around the mine-ability of Monero "we have an accessible PoW algorithm....lowers the performance gap between CPUs, GPUs, FGPAs and ASICs"....(24:42) "in ten years time when there are ASICs, CPU miners will still be okay. They won't make a profit but they will still be able to mine...."
Mmm....suggesting what's going to be happening in the mining space in ten years time I believe is fraught with forecast-fail risk. I just wouldn't bother even mentioning such stuff. If there's no profit possible by mining from a CPU (even though it's theoretically possible) then it's a pointless point (if it's possible to make a "pointless point"; I think he's done it though).
27:32
How Monero's costs are covered - This is the CORKER! This is why Dash's approach with the new funding model is, not only so superior, it's fundamental to ensure survivability. They simply don't have a proper funding model and you can see how disastrous this is going to become. And, as per the rest of the presentation, he makes flippant statements and puts out classic throw-away lines that indicate this guy's underlying ethos
"...the way we cover our costs (because we aren't driving around in Ferraris, that happens next year...)"
"...send flufflypony to Europe to go talk at conferences...."
(and see 31:51 below where he actually outlines in detail how they're NOT able to work on stuff because of the funding problem)
29:05
Useful and Usable - "And what we're trying to do is make Monero useful and usable because at some stage we would like it to be grandparent friendly..."
You're a typical propeller head Riccardo. "Grandparent friendly" has negative connotations towards anyone that's a grandparent as it assumes older people are stupid and it needs to be dumbed down for them. There are far better ways of describing universal usability without jumping to age discriminatory clichés.
30:46
Online Ease of access - "The one thing that Monero struggles a bit with is that at the moment it is command line only. We do have a bunch of 3rd party GUIs but obviously usability is a bit of an issue for people because apparently command line tools are really hard for people to use...who knew? So ha ha ha..."
and
".....mymonero.com web wallet sort of handles the accessibility gap at least in the short term....."
Yep. Nothing more needs to be said (except if you all spent more time actually DEVing instead of coming here and to dozens of other threads FUDing you might actually have a proper wallet by now).
31:51 "...and we are of course working on a GUI...but we're working on it slowly because, well, I mean, you know, we don't get paid ha ha so we can only work as and when we can....we started with wireframes, then we did a bunch of designs for components and that's kind of what we ended up with. The code's up and it's working it's just not wired up. Some screens still need to be done but it is kind of pretty and it will be nice and useful and usable...."
The whole time he's speaking during this bit he has this flippant edge to his voice that's "yeah yeah...so the newbs and idiots need a GUI....okay...alright...we're working on it but it's really not our priority...."
You couldn't get a greater level of misunderstanding about why their lack of a Monero specifically developed GUI is the show stopper of show stoppers!
I stopped listening when the Q&A started. Heard enough and won't need to listen to anything from Riccardo again as he's clearly more spin than substance. And the manner in which he talks about other crypto projects and (in regards to this thread) Dash and the masternode network is so full of mis-information and lies it's truly appalling.
I don't think we have too much to contend with in regards to Monero and it's clearly reflected in their marketcap by comparison to Dash's.
