Topic: Monero FUD/Negativity Thread (Honest Discourse) (Read 3795 times)

It's still a weakness.  Especially for a smaller coin where pools small financial incentives.

Look.  I'm rooting for Monero - I have money in it.  But I'm not blind to negativity.  In fact it's largely the way I approach the world.  I hope together the Monero community & team can knock the downsides out one at a time.

This isn't a flaw with Monero, though. It's a flaw in using pools to distribute hashpower, and Monero along with 99% of altcoins is vulnerable to this. Pools centralise hashpower.

I am crossposting this.

I have to agree. If this attack is successful than Monero is dead. Hope not. It's a nice coin otherwise.

the silver lining on this cloud is that as far as I'm concerned any PoW coin worth anything has to eventually go thru bcx.  He will only likely do this once with any credibility.  and the coin will be stronger on the other side.

i like the 72 hour deadline for something to happen more than the vague "I could kill it but have no interest in it" - at least there is some resolve and deadlines associated with this threat.

Nice FUD..at least on topic for the thread for once!

I likely will.  but the risk is much greater than what most people are giving it credit for.

at least right now

Awesome - I'll modify the OP.  I admit I don't have a full understanding.  I will buy back in after BCX's deadline.  Until then ... I'm solo mining.

Simply no. If another blockchain implements ring signatures it will then have a bigger blockchain and the same cost per transaction.

I'm going to come back to this thread when I have time because I think it is quality and I also like the aminorex's idea of a supporter writing a FUD list. For now just that above correction.

haha yup.  pretty much the extent of the proof.  I'm saving that gif...

OMG !!!
some random guy on the internet said to sell cheap Monero

I'm not going to post this as a main thread.  But I was just sent a message with a pastebin link.  Possibly after somebody read this.

http://pastebin.com/prBGYR37

I have NO IDEA if this is legit or not.  It's just ... what it is (created today, from a new account, etc)

Do you have a pool?  I'd be interested in the expenses ... I would imagine for the top ones it's at least half of the daily intake.

I wish i would make $200 a day. How much earn bytecoin pool owners that have 25% hashnet?

In light of BCX's 72 hour ultimatum and this thread - https://bitcointalksearch.org/topic/how-much-hash-does-bcx-need-to-take-out-monero-hardware-aws-calculation-791366 for whatever it's worth.  I'm exiting XMR for the next few days.

I don't think he found some secret exploit.  I think he's just flexing his muscles and petting his ego.

(I know no one here cares what I think.  But if pool owners are making $200 a day for 25% of the Monero hashrate.  Simple economics make this a horrible bet if BCX is properly motivated.)

Probably this.


I think the blockchain size MAY be an issue but I have taken a wait and see stance. I have seen (been involved in) many of those size arguments. XMR proponents say the expected blockchain size will fit on consumer grade storage expected to be out. That part concerns me a little but it is too soon to know for sure.

ughhhh - I misused the terminology  



I understand it's much MUCH less of an issue (downloading 4GB is better than something taking 4GB of ram.  And blockchain can grow to hundreds of GB's & the computer will still perform fine).

I'm not sure how much cost is involved storage wise.  But I still maintain that storage is a source of friction.  I'm about to pull numbers out of my ass and sound a little bit of a fool but maybe this will make sense to someone else.  

If 100,000 full nodes have Monero and the storage requirements are 20GB due to increased storage cost of the Cryptonote privacy implementation.  And 25% of the storage data winds up being needed for bandwidth each month then I can get an idea of what amazon would charge me for being a node.  This is just calculating storage + bandwidth costs.

The cost of 20GB storage + 5GB bandwidth = .24 a month.  Multiplied times 100,000 nodes - that's $24,000 a month in storage costs at Amazon prices.  As storage/usage goes up the cost to maintain the network will go up.

A 2GB blockchain + .5GB bandwidth = .03 per month.  Multiplied times 100,000 nodes - that's $3,000 a month.

I use this exercise just to point out the difference in resources to support blockchain sizes.

Maybe this point has been beat to death.  I STILL think storage (and bandwidth) issues are legitimate concerns.

Edit:  I realized there are only 7,500 bitcoin nodes.  So this probably doesn't even matter.  I stand corrected on the importance of blockchain size.

Getting tired by trolls I suppose. It's getting extremely toxic these days. Too toxic I may say. The more I see it, the less I understand the choice for XMR community to stay on bitcointalk. I know it's early, I know it's hard to make people migrate, I know it gather focus to post here. I know all of that but still... we're getting infected by FUD and trolls every-single days, to the point it's getting contagious.

uhm, why was his post weak?