Those tales are clearly exaggerations, and even if completely true I have no desire to cater to such imbeciles. Lol. Seriously though it really isn't that hard to explain the name. I just explain it as "Cryptonite with a C instead of a K" and I might go onto further explain "so it starts with crypto as in cryptography". Some people may ask if it's related to Cryptonote or their cryptonight PoW algorithm and the answer is simple: no.
"Imbeciles?" Really? Wow, you need to adjust that snobby attitude ASAP. Anyone who has even heard of XCN at this early date is a total crypto nerd, not an "imbecile." Great coins like BTC/LTC/PPC/XMR succeeded thanks to the network effect because they are inclusive, not exclusive.
Those tales may be exaggerations, but they are using humor to illustrate a valid point.
Right now only a few of the most dedicated cryponauts know that XCN exists, but in the future many more normal people (AKA "imbeciles") will hear the name and be confused. Do you really want XCN to be automatically associated with the dubious Cryptonote camps, rather than being known for its unique merits?
My MiniCoin proposal is intended more to be preventative of this future confusion than reactive to the limited confusion occurring thus far.
The phonetic equivalence (IPA: ˈkrɪptənʌɪt) and near-exact spellings of Cyptonite/Cryptonight and Cryptonote are confusing noobs, and it's just going to get worse as XCN gains exposure.
I didn't have to wait long, or go very far, to find a sterling example of this:
Nice signature.
LTC: selling misinformation (at best) or flat out lies since when there was chance for an altcoin to exist.
Monero, boolberry, cryptonite: all based on same tech, all apparently having something not quite right.
LTC: selling misinformation (at best) or flat out lies since when there was chance for an altcoin to exist.
Monero, boolberry, cryptonite: all based on same tech, all apparently having something not quite right.
LOL, lots of people are getting the false impression that Cryptonite is a Cryptonote-based coin, but it's not.
XCN is based on mini-blockchains, which are completely incompatible with CN's ring signatures.
I'm trying to get BitFreak to change the name to something less tremendously confusing to non-specialists, and more distinct and descriptive (such as 'MiniCoin') but it's like pulling teeth.
You'd think no coin had ever successfully changed it's name/ticker before, despite the example of BitMonero/Monero/MRO/XMR.
You'd think no coin had ever successfully recycled an abandoned name before, despite the example of ByteCoin.
You'd think a simple re-branding of an obscure month-old coin, with scant volume on a mere handful of exchanges, is equivalent to a hard fork and re-launch, but it isn't.
(XPOSTed to XCN thread)
