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Topic: Operation Shitcoin Cleanout and Clean Up Has Begun- Join the Revolution- Re-open - page 18. (Read 176878 times)

legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
i have no need or interest in any anonymous coin so the reason Monero was made is lost on me entirely.
so take that away then what am i left with ?
...
I don't think so called anonymous coins have any usefulness at all !
Why is a more private crypto currency desirable by some?

First, Monero isn't anonymous.  It does provide some privacy enhancements which are necessary for certain real world applications.  I respect that you have no need for these privacy features.  However consider this:

Multinational corporation with offices in 100+ countries that earns money in some and loses in others.  The new locations are funded by the successful ones overseas.  There are a few thousand of these corporations globally.  They all have the challenge of international settlement and would deeply benefit from a crypto currency that would allow them to do this.

They won't use Bitcoin because it hasn't the privacy they need innately.  They could get the privacy they need with Bitcoin, but doing that requires a level of expertise and care that makes it prohibitive for them to delegate to low level functionaries around the world.

Why do they need privacy?  Because they are competitive enterprises.  Bitcoin public block chain is easily inspected and easily deconstructed.  The MNC's competition can see what direction they are going and that provides an advantage to the competitor of those that would use Bitcoin for this purpose.

CryptoNote provides this privacy innately.  Consider the users of CryptoNote's first implementation.  These weren't dark net illicit scoundrels, they were business people.  The MNC is the sweet spot for crypto currency.  There is 1000x more money in use there than the illicit trade, it moves faster, and it is what the world today is built upon.

An end note from a reformed former political junkie: if you can sell Monero to big corporations on that basis, you will have influential "friends in court" to fend off any Drug-War-style crackdown on anonymous currencies by TPTB. Of course, that means you gotta schmooze them - perhaps through hitting it off with their kids...
Its easier than you might think.  They want it already and are just waiting for the solution.
Multinational Corporations have come to me looking to answer this problem.  Some are already doing it.  
Monero is still too immature, not enough liquidity yet, and the MNC decision cycles are not short, but if CryptoNote continues on the current path, it is the best contender yet for new entrants from that constituency.
hero member
Activity: 504
Merit: 500
eidoo wallet
I myself was a darkcoin fanatic. I deeply despised altcoins that were threatening to darkcoin. I know, that many current fanboys for other coins, feel threatened by monero., as I did. That's probably why they messaged BCX about monero. However, I am not like them, I still keep up darkcoin and still hold a very sizable amount, I've also looked into every other altcoin proposing anonymity. I truthfully, have to say, that out of all the anon coins out there, Monero beats them all, in design, features, and development team.
Monero is just hype. It's not going anywhere without the right people from here, which are not on board.

You know I support darkcoin, but lying isn't the way to go....

Moneros has a fair distribution, as well as superior tech. I like both coins equally, and support both coins.

They both bring different things to the table. Darkcoins advantage is masternodes, which like it or not, really helps solve the lack of nodes issue, which even bit coin is experiencing. Moneros advantage is ring signatures, which indeed has the best anonymity out there, without needing to sacrifice trust, like in the case of zero cash.
hero member
Activity: 686
Merit: 504
always the student, never the master.
I myself was a darkcoin fanatic. I deeply despised altcoins that were threatening to darkcoin. I know, that many current fanboys for other coins, feel threatened by monero., as I did. That's probably why they messaged BCX about monero. However, I am not like them, I still keep up darkcoin and still hold a very sizable amount, I've also looked into every other altcoin proposing anonymity. I truthfully, have to say, that out of all the anon coins out there, Monero beats them all, in design, features, and development team.
Monero is just hype. It's not going anywhere without the right people from here, which are not on board.

You really think so? i participated in the GUI contest and reviewed code of the competing flavors. i didn't see one i'd put my hat on as the defacto reference client, but i saw alot of promise from each camp. Of the altcoins floating around at the moment, i'd put the most stock in Monero. then again, Mastercoin, NXT, Ethereum and others showed promise, before dissapearing completely.
sr. member
Activity: 952
Merit: 251
 
Quote
Okay. because these guys have done a terrible job of cleaning out shitcoins. since this thread launched the number of shitcoins has blossommed into the hundreds if not thousands.

LOL .. So let's assume that they're all ShitCoins except for ??

BTC
NXT
Anonymous flavor of the month ( CLOAK/DRK/XMR )

Any other keepers  ??

Triff .. @accentuating-the-positive.com

sr. member
Activity: 280
Merit: 250
I myself was a darkcoin fanatic. I deeply despised altcoins that were threatening to darkcoin. I know, that many current fanboys for other coins, feel threatened by monero., as I did. That's probably why they messaged BCX about monero. However, I am not like them, I still keep up darkcoin and still hold a very sizable amount, I've also looked into every other altcoin proposing anonymity. I truthfully, have to say, that out of all the anon coins out there, Monero beats them all, in design, features, and development team.
Monero is just hype. It's not going anywhere without the right people from here, which are not on board.

ya man. u need the 'right people' to be 'on board' or u can't succeed.

seriously. monero is the target for operation shitcoin cleanout and cleanup.

thats a strong buy signal.

Actually it doesnt seem to be a target as far i can understand.

okay. because these guys have done a terrible job of cleaning out shitcoins. since this thread launched the number of shitcoins has blossommed into the hundreds if not thousands.
legendary
Activity: 1428
Merit: 1001
getmonero.org
I myself was a darkcoin fanatic. I deeply despised altcoins that were threatening to darkcoin. I know, that many current fanboys for other coins, feel threatened by monero., as I did. That's probably why they messaged BCX about monero. However, I am not like them, I still keep up darkcoin and still hold a very sizable amount, I've also looked into every other altcoin proposing anonymity. I truthfully, have to say, that out of all the anon coins out there, Monero beats them all, in design, features, and development team.
Monero is just hype. It's not going anywhere without the right people from here, which are not on board.

ya man. u need the 'right people' to be 'on board' or u can't succeed.

seriously. monero is the target for operation shitcoin cleanout and cleanup.

thats a strong buy signal.

Actually it doesnt seem to be a target as far i can understand.
sr. member
Activity: 280
Merit: 250
I myself was a darkcoin fanatic. I deeply despised altcoins that were threatening to darkcoin. I know, that many current fanboys for other coins, feel threatened by monero., as I did. That's probably why they messaged BCX about monero. However, I am not like them, I still keep up darkcoin and still hold a very sizable amount, I've also looked into every other altcoin proposing anonymity. I truthfully, have to say, that out of all the anon coins out there, Monero beats them all, in design, features, and development team.
Monero is just hype. It's not going anywhere without the right people from here, which are not on board.

ya man. u need the 'right people' to be 'on board' or u can't succeed.

seriously. monero is the target for operation shitcoin cleanout and cleanup.

thats a strong buy signal.
member
Activity: 70
Merit: 10
I myself was a darkcoin fanatic. I deeply despised altcoins that were threatening to darkcoin. I know, that many current fanboys for other coins, feel threatened by monero., as I did. That's probably why they messaged BCX about monero. However, I am not like them, I still keep up darkcoin and still hold a very sizable amount, I've also looked into every other altcoin proposing anonymity. I truthfully, have to say, that out of all the anon coins out there, Monero beats them all, in design, features, and development team.
Monero is just hype. It's not going anywhere without the right people from here, which are not on board.

How aren't the right people on board? they have the best team, the rest of anon coins are objective shit.
legendary
Activity: 2674
Merit: 2965
Terminated.
I myself was a darkcoin fanatic. I deeply despised altcoins that were threatening to darkcoin. I know, that many current fanboys for other coins, feel threatened by monero., as I did. That's probably why they messaged BCX about monero. However, I am not like them, I still keep up darkcoin and still hold a very sizable amount, I've also looked into every other altcoin proposing anonymity. I truthfully, have to say, that out of all the anon coins out there, Monero beats them all, in design, features, and development team.
Monero is just hype. It's not going anywhere without the right people from here, which are not on board.
legendary
Activity: 924
Merit: 1000
i have no need or interest in any anonymous coin so the reason Monero was made is lost on me entirely.
so take that away then what am i left with ?
...
I don't think so called anonymous coins have any usefulness at all !
Why is a more private crypto currency desirable by some?

First, Monero isn't anonymous.  It does provide some privacy enhancements which are necessary for certain real world applications.  I respect that you have no need for these privacy features.  However consider this:

Multinational corporation with offices in 100+ countries that earns money in some and loses in others.  The new locations are funded by the successful ones overseas.  There are a few thousand of these corporations globally.  They all have the challenge of international settlement and would deeply benefit from a crypto currency that would allow them to do this.

They won't use Bitcoin because it hasn't the privacy they need innately.  They could get the privacy they need with Bitcoin, but doing that requires a level of expertise and care that makes it prohibitive for them to delegate to low level functionaries around the world.

Why do they need privacy?  Because they are competitive enterprises.  Bitcoin public block chain is easily inspected and easily deconstructed.  The MNC's competition can see what direction they are going and that provides an advantage to the competitor of those that would use Bitcoin for this purpose.

CryptoNote provides this privacy innately.  Consider the users of CryptoNote's first implementation.  These weren't dark net illicit scoundrels, they were business people.  The MNC is the sweet spot for crypto currency.  There is 1000x more money in use there than the illicit trade, it moves faster, and it is what the world today is built upon.

An end note from a reformed former political junkie: if you can sell Monero to big corporations on that basis, you will have influential "friends in court" to fend off any Drug-War-style crackdown on anonymous currencies by TPTB. Of course, that means you gotta schmooze them - perhaps through hitting it off with their kids...
sr. member
Activity: 784
Merit: 272
I myself was a darkcoin fanatic. I deeply despised altcoins that were threatening to darkcoin. I know, that many current fanboys for other coins, feel threatened by monero., as I did. That's probably why they messaged BCX about monero. However, I am not like them, I still keep up darkcoin and still hold a very sizable amount, I've also looked into every other altcoin proposing anonymity. I truthfully, have to say, that out of all the anon coins out there, Monero beats them all, in design, features, and development team.

any others?
sr. member
Activity: 784
Merit: 272
I wrote some similar concerns about Monero (Cryptonote) and also what I like and don't like about various coins. You can start at this post and read forward to the end of the page, wherein I get into the blockchain bloat issue.

I've read your various posts. Mostly interesting stuff.

You seem to know a lot, about a lot, without actually liking a lot. Why do you do crypto at all, when you clearly prefer cash?
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
I'm just curious what bcx meant by "bitjohn will determine the outcome". What does Cryptsy have to do with this and what is their connection to bcx?

Responded to this on another thread without realising the question was here: https://bitcointalksearch.org/topic/m.8032356
hero member
Activity: 588
Merit: 504
I'm just curious what bcx meant by "bitjohn will determine the outcome". What does Cryptsy have to do with this and what is their connection to bcx?

waiting for xmr cryptsy acceptance status, the big man bitjohn will give the final word
hero member
Activity: 518
Merit: 521
I wrote some similar concerns about Monero (Cryptonote) and also what I like and don't like about various coins. You can start at this post and read forward to the end of the page, wherein I get into the blockchain bloat issue.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
well this Topic was not intended to be about Monero LOL
BCX commented and i see why it caused a stir..
i tried to touch on the point as to WHY this happened.

- We ARE in a scene with a lot of crap coins.
- We ALL come here to sift through what is what.
- There has been at first glance a lot of page 1 Monero topics. (deliberately pushed to page AKA: bumping)

so right off that at first glance i see why your going to get people in the public on edge about it.
there is way too many alternative scheme coins and most are not good and involve IPO's etc.
So what i see here is an issue where a lot of us didn't know much about Monero but it's getting shoved in our face..
A lot of us "tune out" and ignore much of all this.. so the conflict arised here because this is where we pay attention
this topic and others.. if this topic title was "Monero to the Moon" i prob wouldn't have read it and if i did i would be bashing the topic title lol
so......
You guys need to set the record straight about your coin and i pointed that out already on a Monero spam advertising topic
you guys went on with fanboyism and i said huh you think maybe posting at least once the coin spec's etc would be smart ?
and some guy did..
So.. so..
It's been around for a while and i think the Monero Team has failed at making it known what Monero is all about.
You Monero guys need to work sharpening your focus on less topics and more informative cut and dry info..
much of these alternative coisn that ARE very different than the usual clones are *usually scammy with IPO's i think
and also hard to explain.. just see how many walls of text are posted about it here so far..
And think about it.. if your forever going to have to write a book to get people involved you gotta problem from the start.
when it comes to convincing people to get on board etc..

and before the last recent wave of activity and now i still don't see any reason to get involved with Monero myself.
If you all do then fine good luck with that..
Note:
(i have NOT said it's a scam before and i am NOT saying that now)
hero member
Activity: 686
Merit: 504
always the student, never the master.
i have no need or interest in any anonymous coin so the reason Monero was made is lost on me entirely.
so take that away then what am i left with ?
...
I don't think so called anonymous coins have any usefulness at all !

First, Monero isn't anonymous.  It does provide some privacy enhancements which are necessary for certain real world applications.  I respect that you have no need for these privacy features.  However consider this:

Multinational corporation with offices in 100+ countries that earns money in some and loses in others.  The new locations are funded by the successful ones overseas.  There are a few thousand of these corporations globally.  They all have the challenge of international settlement and would deeply benefit from a crypto currency that would allow them to do this.

They won't use Bitcoin because it hasn't the privacy they need innately.  They could get the privacy they need with Bitcoin, but doing that requires a level of expertise and care that makes it prohibitive for them to delegate to low level functionaries around the world.

Why do they need privacy?  Because they are competitive enterprises.  Bitcoin public block chain is easily inspected and easily deconstructed.  The MNC's competition can see what direction they are going and that provides an advantage to the competitor of those that would use Bitcoin for this purpose.

CryptoNote provides this privacy innately.  Consider the users of CryptoNote's first implementation.  These weren't dark net illicit scoundrels, they were business people.  The MNC is the sweet spot for crypto currency.  There is 1000x more money in use there than the illicit trade, it moves faster, and it is what the world today is built upon.

There may never be a purely anonymous coin, or at least not more anonymous than PMs already are.  Were one created it might provoke overwhelming response from TPTB.

Some suggest MNCs are the devil, but when you have people in different countries working toward common goals, those nations have good reasons not to fight.  So maybe you don't care, but maybe you live in a country that might be in a war but isn't because of this sort of trade.  Wars suck, less of these, please.

"If goods don't cross borders, armies will" - Frederic Bastiat (probably)

What is the point of this post?
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
i have no need or interest in any anonymous coin so the reason Monero was made is lost on me entirely.
so take that away then what am i left with ?
...
I don't think so called anonymous coins have any usefulness at all !
Why is a more private crypto currency desirable by some?

First, Monero isn't anonymous.  It does provide some privacy enhancements which are necessary for certain real world applications.  I respect that you have no need for these privacy features.  However consider this:

Multinational corporation with offices in 100+ countries that earns money in some and loses in others.  The new locations are funded by the successful ones overseas.  There are a few thousand of these corporations globally.  They all have the challenge of international settlement and would deeply benefit from a crypto currency that would allow them to do this.

They won't use Bitcoin because it hasn't the privacy they need innately.  They could get the privacy they need with Bitcoin, but doing that requires a level of expertise and care that makes it prohibitive for them to delegate to low level functionaries around the world.

Why do they need privacy?  Because they are competitive enterprises.  Bitcoin public block chain is easily inspected and easily deconstructed.  The MNC's competition can see what direction they are going and that provides an advantage to the competitor of those that would use Bitcoin for this purpose.

CryptoNote provides this privacy innately.  Consider the users of CryptoNote's first implementation.  These weren't dark net illicit scoundrels, they were business people.  The MNC is the sweet spot for crypto currency.  There is 1000x more money in use there than the illicit trade, it moves faster, and it is what the world today is built upon.

There may never be a purely anonymous coin, or at least not more anonymous than PMs already are.  Were one created it might provoke overwhelming response from TPTB.

Some suggest MNCs are the devil, but when you have people in different countries working toward common goals, those nations have good reasons not to fight.  So maybe you don't care, but maybe you live in a country that might be in a war but isn't because of this sort of trade.  Wars suck, less of these, please.  This fact is the reason for one of those other weird alt coins, created by that little dev team, the ECB (The EURO).

"If goods don't cross borders, armies will" - Frederic Bastiat (probably)

Does Monero have the ability to create world peace?  No, but it is a step in the right direction.  A small, but important one.  Do not underestimate it.
legendary
Activity: 882
Merit: 1024
I found the Cryptonote technology quite interesting with their ring signatures but it still quite young technology. I had the option of working with Cryptonote but I decided against it because of the bloat issues mentioned and now reiterated by BCX. Their Blockchain would be worth looking into if it provided automatic pruning of spent addresses and could work as Proof of Stake only. Anonymity is good but you tend to get that anyways through cross-chain transactions but if the blockchain is growing at a large rate, it becomes a race against time in order to effectively reduce that size.
legendary
Activity: 2968
Merit: 1198
2) Bloat - currently anyone that wanted to spend a few BTC and has mid level developer skills could bring MRO to a grinding halt today. Simply increasing transactions four times combined with doubling the hash rate, something that will definitely happen with increased adoption will bring the chain to a halt. Do the math, in one year you will be looking at at a theoretical 75-100GB block chain. A solution needs to be implemented. Several are discussed on this forum over the past years.

You're doing the math wrong. The current rate of blockchain growth of about 6 MB per day (see below). Increase the transactions 4x and that goes to 24 MB per day or 8.7 GB per year, not 75-100 GB.

Increasing the hash rate has no meaningful effect on the blockchain size.

Blockchain size (the on-disk storage usage is somewhat larger, but that is being optimized):
http://monerochain.info/charts/bcsize
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