BTW I have wasted a day of my time going through the codes side by side, as I was considering investing more, obviously you haven't. It's east to see a fish in the sea if someone is pointing at it.
A day is not enough to fully understand even just 1000 lines of code in most cases. And I assume he has more than 1000 lines, since a crypto currency can't be programmed in 1000 lines of code.
And OK I'll withdraw my bitcoin statement, because without its successes we wouldn't have a benchmark to measure against.
The point is that Bitcoin has man-years of top notch developers. Bitcoin isn't perfect, but it isn't one guy who can't write complete specifications, stealing code without attribution, and releasing coins for sale with half-assed R&D and hype BS on anonymity and zerotime.
But putting bytecoin in the same league as bitcoin.. come on, laughable. Monero forked off a buggy/scammy alpha piece of brilliant code.
What I wrote is they didn't hide it and instead endeavored to apply man-years of high quality developers on studying every line of code.
Also you are colluding with my argument by using the monero model as your retort.
It developed way to slow, even with its many eyes.
With its hard to mine beginning through its hard to use lifetime, it has been plagued by being entirely to prerelease since it's beginning. And now as it points the finger at other crypto notes saying they are all flawed and it has the answer, it is to late.
That is the pitch John tells you. I will agree only on one point, which is that Monero is not user adoption focused. But neither is VNL (nor all the other alt-coins).
Monero is developed slower than a Manhattan Project, because the developers are volunteers. There is no Steve Jobs/Bill Gates coming into their offices to crack the whip.
I suppose John has told his flock that he can develop faster. Well so far he has failed, because he can't write complete specifications.
These projects take a lot of time to R&D. I am actually trying to find a shortcut (and I don't know if I will succeed to), in that I will try to go directly to user adoption so I don't have to try to convince any of you of anything. In that case, you won't be able to attack me if I didn't release a specification, because I won't be selling anything here in this forum. Of course I will still be doing my best to make sure my technology is correct, but knowing full well that as only 1 man, I can't get it all perfectly correct. So I can only hope to get it correct enough, attain adoption, then from there fund more developers. That is my strategy.
What I see of John's strategy is he using deception and providing coins to speculators. So therefor he is going to be subject to this sort of skepticism.
Bottom line is his Zerotime won't work and his anonymity is BS. If he thinks otherwise, then produce a complete specification.
If zcash (the reason we all started looking for anon altcoins) comes out in six months and completes what zsnarks/crypto note could not, monero is done.
Not necessarily. Zcash at least has issues about the funding model. This is an open question still being sorted out.
Also Zcash has the issue around trust of setup.
Also Zcash is not yet available and will need man-years of development to make sure the code is production level quality (bulletproof).
Perhaps Zooko can do a great job especially with adequate funding. We have to see how this will all play out.
For John to throw his hat into the anonymity arena at this point, is laughable. I even invented ZKT (similar and maybe better than RingCT), but I realized I have no future competing with Monero and Zcash. I either join them or move on to other opportunities. I so far have chosen the latter. I told Shen-Noether that if I knew he was researching RingCT, I would have never expended June/July 2015 researching and inventing ZKT. I hate to waste my effort on duplication. And that is what John is doing at the very best and at worst it is a scam.
Here is a thought. Could that be why all the fan boys are out promoting/fuding?
You guys want one last pump before you flood to zcash?
Nah, I think americanpegasus really believes that Monero/Aeon will become world dominant. He drinks his KoolAid.
Sorry about the editing I'm doing all this typing on my phone.
Oh and sorry I went way off topic there.
Ah on a mobile phone. I forget that many do that. I am always on a 24" monitor.