- so, why would that make colx private?
- so what, every shitcoin has been rising the last weeks... is that proof it's actually any good, no...
- off course a rich list matters, a rich list means the block chain is searchable: If you send coins to me, I can use your address to search in the blockchain, I can find how much coins you have, I can find who you transacted with, I can find your other addresses etc...
- seriously, you think I fall for that... colossuscoin is just a stupid fork of pivx which is just a stupid fork of dash which is just a stupid fork of bitcoin... 99% of these contributors did NOT contribute directly to collosuscoin... how disingenuous can you be that you would try this?
- no it should not grow bigger. It's the same stupid principle as Dash, a built in mixing service that doesn't work...
Here's what actual cryptographers thinks of Dash and thus also Collossus:
Poelstra:
https://bitcoin.stackexchange.com/questions/29471/are-there-any-true-anonymous-cryptocurrencies/29473, I'll cite for you:
"And by the way, Dash (formerly Darkcoin) does not provide anonymity. They attached a (broken) implementation of CoinJoin to the ordinary Bitcoin client, and at least initially released it as a closed-source software. I haven't looked into Anoncoin, but the best advice I have for folks looking into altcoins is to assume they are uninteresting (and probably dangerously broken) until someone has demonstrated a concrete technical innovation."
"The link you posted says that DarkSend+ is closed source. I am not in the business of auditing
amateur secret-algorithm cryptography for free. Everyone else in this thread who has asked that I give more personal attention to this project (whose current incarnation, and every incarnation before that, has raised serious red flags, right down to their decision to fork Bitcoin in order to implement CoinJoin), the answer is no."
Gregory Maxwell:
https://youtu.be/LHPYNZ8i1cU?t=34m9sCollossus is just more crap built upon a fondation of crap...
next time do some actual research before posting all that bullshit...
Thankyou for this great post and taking the time to deal with the issue. You are very convincing from a technical standpoint and surely a great mind, congrats!
But do you consider Bitcoin a sh*tcoin too? Like due to the high fees? Due to the blockchain being public?
Do you consider Verge an amazing, a great coin? Like Monero?
What you and many people in crypto are ignoring is the fact that its not just technical aspects that make a coin great. I may be wrong about github, and I was indeed confused there has been no (public) updates on the releases, but it does list a lot of devs in the github, so I honestly did think its that many devs who have worked on Colx. Now you mention it, maybe they only worked on some parts of it, and not all.
This is just techstuff. I always see the whole picture. When I bought Verge, did I think its the best privacy coin in the world? No I did not. Still I saw its potential, and I made x50 or close to it. And I see this same potential in Linda, Colx, Zoin. All for different reasons. Its never ever in the history of the world the best technology that wins the race. Its so many other factors. Can the team overcome obstacles? Find solutions? Understand the market? How hard do they work? Do they have a strong, shared vision? Empower each other? A bad CEO/boss can make the whole team bored and unmotivated. Same as a great CEO can motivate his whole team and even turn a somewhat bad idea into a great product, because he will see the flaws, fix them, and make the product better.
Also, whats the value of the project? Is it at $50m or $500m? I mean at $50m you can buy into 10 projects and own as much as when you go in one at $500m. And with those at $500m you still cant in most cases even know who really runs it, what their motivatons are, what they are like. We barely know the people behind our coins.
So some of this and other factors, influence my decisions, and I made x10 or x20 OVER of what Bitcoin, ETH, Monero made. Some say the market is always right, so maybe its actually wrong... it might be wrong.... but its still the fact today that you would not automatically WIN if you just go in the projects with the best technical specs. If that makes any sense.
I hope I will be done in a short time and start giving back to crypto in more ways. Benefit crypto as a whole. And maybe even just go in the projects that really are 100% amazing, or have 10000% true anonymity. And care for such DETAILS. But for now I just had a different goal and I thin many people here have. Also as for privacy, I still its basically my responsibility, and no coin could ever be 1000% private unless you take a lot of other measures. I mean basically they can watch what you do on your screen thru tech as an example, or have common stuff as keyloggers,trojans, and all the privacy would be for nothing anyway?
So in short I rather go in projects that are still CHEAP and might be something great some day. Than go in expensive projects that are already high because everyone thinks they will be something great some day.
But i would love to know what coins you see true value in over the long term, and I will probably go thru your post history now. Thanks again!
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EDIT: It seems you are frustrated that Monero has not risen fast enough. With "only" x10. Since its so much better. You realise you cannot really compare a $7bn market cap product with a $0,07bn market cap product ?
Monero could "eat" Colx 100 times. Colx is worth 1% of Monero. Not everyone has the luxury of owning millions already from crypto, we cant go low into Monero anymore....... So that leaves options as Colx, Zoin, Linda.............