https://bitcointalksearch.org/topic/monero-and-darkcoin-are-the-top-privacy-coins-626139My take on Darkcoin, Bitcoin, and Bytecoin Clones(monero, quazarcoin, honeypenny etc).
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Why Bytecoin/Monero and other Cryptonote Clones Should Not be Used:
I know many of you must know of the Cryptonote Coins, such as Bytecoin, Quazarcoin, Monero, HoneyPenny, and FantomCoin (
https://cryptonote.org/coins.php)
I have researched those coins long and hard, here are my conclusions on why they would never work.
1) Monero, Quazarcoin, HoneyPenny, and FantomCoin are all Clones of Bytecoin
2) Those 4 coins all possess the exact same features as Bytecoin since they were forked/cloned from Bytecoin's sourcecode
3) They all use Ring Signatures for anonymity, but the problem is, Ring Signatues has severe bloating issues, to the extent that the Monero blockchain is 8x bigger than then Bitcoin Blockchain
4) The Bitcoin Blockchain takes an average 8 hours to fully sync(faster or longer depending on the comp)
5) 8x8 is 64, so that means the Monero blockchain takes 64 hours to fully sync, which means that you would be unable to send or recieve transactions until that 64 hours is over and the blockchain is fully synced
6) Monero has been destroyed by Botnets, which are computers compromised by Hackers that mine Monero 24/7, 365, I wouldn't be surpised if Hackers control more than 70% of the Monero coin Supply atm
7) None of the 4 Cryptonote Clones have any innovation
Conclusion:
Bytecoin is the only reputable coin out of all the Cryptonote clones because; They(Monero, Quazarcoin, HoneyPenny, and FantomCoin) were cloned/copied from Bytecoin, and because of that, are extremely unlikely to have much of a future, Clones
never make it far.
I've decided to make this thread to show the light on Bitcoin, Cryptonote Clone Coins, and Darkcoin.
interesting analysis. however, you couldnt be more wrong or biased against cryptonote. I am happy to see someone is so intimidated by monero and the likes =)
1. "...clones of bytecoin" bytecoin is 80% premined. the monero devs saw potential in the concept, but needed to do something about the premine issue, so monero was created with a fair distribution. Once people saw the succes/potential of monero, copycats popped up. see fantomcoin, quazarcoin, honeypenny, and boolberry.
2. "...exact same features as bytecoin" false, not even close, do some homework buddy.
3. 8 times bigger? again, do your homework.
4. 8 hours for bitcoin to sync? sounds about right, but I have seen it take as little as 6 and as many as 48. depends on a lot of factors.
5. 64 hours for monero to sync? howabout 6. I have downloaded and used monero in 3 different machines, it usually takes 6 - 8 hours to sync. do your home work buddy.
6. "destroyed by botnets, hackers 70% blah blah..." - do your fucking homework buddy
7. none of the cryptonote clones have innovation - This is the point that made it most obvious to me that you are seriously intimidated by XMR
disclaimer - I hold drk and xmr both. bout the same amount of each. however, this is just fud, i don't appreciate people spreading lies about my investments, no matter which one is it