Some of you might know me from
investigating the Mintpal V2 scam after losing BTC there.
Also some of you know me from lots of confrontations with core Monero supporters / devs on various threads with my Dash investor hat on, which I recently moved most of my alts into.
So I am not the person to be unbiased / neutral when discussing Monero - it's one of several competitors to my main investment so this gives me a conflict of interest when criticizing it.
That being said I just want to share this in case there is more to it and someone else wants to look into it and without wanting to slander Monero because this is just pure speculation.
(note, I started putting reference in but can't be bothered, if you want for something below then ask)
UPDATE 4th June: Security issues found with MyMonero.com sending the private key to the server in a cookie for some users, as per the posts starting here:
https://bitcointalksearch.org/topic/m.11529538-------------------------------
A lot of Monero users use (and get recommended to use) MyMonero.com, their web wallet ran by lead dev Fluffypony, instead of the official wallet client - because the wallet client has no GUI and a lot of technical / usability issues (e.g. just today
here and
here)
So Fluffypony can technically access distribution / what funds are moving around for all MyMonero wallets which could give him leading info on the market and pumps / dumps etc, whilst no-one else can (being a Cryptonote coin you can't see anything on the blockchain like distribution).
On it's own this might be innocent / incompetent in terms of centralizing / deanonimizing Monero users and transactions whilst simultaneously claiming your coin is the most anonymous and decentrazlied coin.
But then we find out that Fluffypony has done this before in trying to setup the same type of site for Vertcoin (Vertpay.com) and raising $200,000 to develop that from VTC users. And that he is also working on Paybee.com, another payment site.
Next thing is that 95% of XMR volume is through one exchange, meaning open-season on price-manipulation, and bigger profits from anyone with leading info on what users are doing - and this has been the case for 1 year already, still no other exchanges
So just connecting the dots but what if it's no accident that Monero wallet is dysfunctional after one year (crippled?) and so most wallets are on MyMonero.com and under the sole visibility of the core team, that all volume is still on Poloniex giving whales their a single place to manipulate after one year, that the GUI wasn't added even now Cryptonote has made an open source one so most people go to MyMonero.com, and all on the "most secure and untraceable coin".
Plus we know that Monero did launch a crippled miner with things like useless loops inserted to slow the mining down, although we don't know if this was innocently copied in from Bytecoin or not.
Potentially, are we are looking at a coin *setup* as a scam here, with various parts crippled to make sure the core team are the only ones with access to the key 'behind the scenes' market information and are also actually big investors / traders, that all trade is through Poloniex, and then they go around accusing everyone else of being a scam whilst scamming XMR volume behind the scenes?
Maybe Cryptnote is a prime target for this kind of stuff because everything is hidden - in such an environment, MyMonero / Poloniex owners can go wild if they make use of the info that no one else can have....
I'm sure a lot of the Fluffypony fans will be outraged at this suggestion. And I could be totally wrong. But if your argument is "I know Fluffy wouldn't do that" then lol because you should no in crypto now anything like this can and does happen, regularly..
No offence to Monero investors here....if i'm totally wrong then sorry for suggesting. And this isn't to help Dash in any way, that coin is strong enough on it's own without needing any trolling and i'm probably the only Dash supporter bothering about the Monero trolling and that's because i'm new probably - I was investigating Mintpal before I went Dash and i'm good at it so that's where i'm coming from and I learnt a lot about Monero recently.
anyway...let the roasting commence.
[BTW - if you are a Dash supporter, please don't post here to bash Monero as you will be biased; I am not here for anything to do with Dash]