Topic: Operation Shitcoin Cleanout and Clean Up Has Begun- Join the Revolution- Re-open - page 19. (Read 176798 times)

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.

You clearly have no idea what you are taking about. Go research a bit and post constructive criticism instead of an irrelevant vague rant.

interesting..
i read everyone replies since i last posted here and it's nice to see people talking not name calling LOL

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 ?

BCX's comment on the block chain size in the future is a VERY interesting point !
That sounds to me like a step in reverse..

he said word for word basically.. he was contacted he said to look at shitcoin Monero.
and i can see why too..
the behavior in the forum on this coin matchs other coins.. topic spamming and bumping to be on page 1
that is a red flag usually so if you have your bag holders etc doing that then don't be surprised you get a backlash.. smarten up guys.
get some integrity.
most of us can tell if someone is name dropping and creating a topic for disguised advertising.
and there has been some of that i think going on with Monero.

It's better than a lot of coins from the sounds of it but that does not make it good either.
and i don't see fixing things that i myself do NOT consider to be a problem a good reason for Monero or any coin to exist.
I don't think so called anonymous coins have any usefulness at all !
The what are we left on Monero ?
This talk reminds me of VRC actually..
Adds stuff we don't need and tries to ride on Bitcoins coat-tails.. why bother with xyz altcoin when you can just use Bitcoin itself ?
and taking steps in the wrong direction is not smart or innovative or good etc etc..
like making a far more bloated block chain way worse that how bad many are already is dumb..
anonymity features are dumb gimmicky useless crap and and adding centralization to a decentralized norm is dumb etc..

i see STILL no matter what see guys thinking they found an excuse to make coin 1,001 and i don't buy it.
and making things worse is a symptom.. you can't add a feature not needed and make other features worse (the symptom)
if you have new features that are good the best thing to do i think would be to make a new coin that addresses the other issues too.
so if adding anon features make the block chain way bigger than most coins now don't you think the point 2 should be corrected before launching coin #1,001 ?
see what i mean ?

so let me get this straight..
some guy made the coin Monero and took off and 7 guys took over and they wouldn't be bag holding now would they ?
so people jumped on it and are trying to justify it.. and they say they don't care about money ? bullshit LOL

I'm one of the core team members and the original person to fork the bitmonero repo, so I have some say in what gets committed to master.

I distinctly remember your warnings about the impending attack on their servers with BitJohn and some of the regulars playing along by acting concerned/scared.

I don't have any screenshots or chat logs to prove it...  yet.

The diff issue we're not too worried about. The current algo requires you to manipulate timestamps for 12 hours, which is difficult, and you'd need >50% hash rate to successfully pull off a timestamping attack given that you can't overtake the main chain without a higher cumulative difficulty. If you have >50% hash rate, you can do lots of other terrible things anyway.

As far as the bloat issue, we watch the blockchain every day to make sure it isn't being abused, if it is we'll raise fees immediately and pass that code to the pool ops. We're trying to keep the fees low to incentivize the spreading of wealth around right now.

I wouldn't really classify Monero as a shitcoin, we never had a premine or instamine (like ByteCoin) and the distribution so far has been very fair:
http://monerochain.info/charts/coins

how will you make creators to stop mining that shit coin? more reduction in mining means more attractive mining...it's a loop that never ends

So this impacts all CN coins? Interested to know if it impacts BBR too. BBR's only small problem is launch a few days after BitMonero. Well that and the huge Polo pump/scam going on in order to suck in new investors. Apparently the admins of the exchange are openly talking about their orders and positions. Huge buy walls set up by the usual suspects with insider help and what not.

True. Apologize then.



* Can you explain why doubling the hash rate would have an effect on the blockchain size or required bandwidth? I don't see why.

* The math are simple, but can you share your initial assumptions? In particuliar, did you take the current amount of data going into the blockchain, multiplied by 4? Because a large part of the current blockhain size increase is due to the blocks (for instance an empty block still takes size), and if you had 4 times more transactions that does not equates to 4 time the data that currently goes into the BC.

* The blockchain will be (and grow) most likely larger than bitcoin one (for the same usage), by a linear factor. Probably something like 5~20 times. Many people don't think it's a problem since it's the price to pay for anonymity. Is this range of numbers not acceptable for you?

Interesting thread!

I'm going to stay here to help if i can 
Great work, guys!

My mistake, just exuberant to see activity here on your part. Big fan of your work.

Do you have source for that?
It seems to me that you can maybe make one ring signature with super complex ad hoc wallet creation, but that you cannot have in the ring some previous inputs of the blockchain.

There is also another great post of aminorex yesterday, for all those who don't grasp the importance of privacy for everything other than black markets:
https://bitcointalksearch.org/topic/m.7998097

I'm looking forward to read more as to why BCX calls monero a shit coin, because for the moment this is pretty much baseless and thrown out there "just like that". Personally, this is the first time I invest in an "alt"coin. I'm very strongly irritated/against altshits usually. But I'm almost equally irritated by people who talk shit without reseaching a minimum a priori.

EDIT: Just reading your post above. This looks already a bit more backed up.

Yes.  It takes a lot of work, ad hoc multisig wallet creations.  Doing it multiparty even worse as then it takes OOB comms and trusts.  Total PITA.

Wait wait... Can you do a ring signature manually with Bitcoin ??

I can't speak to what bitcointalk cares about or not.
But accurate criticism is always welcome.  So I'd encourage BCX to bring it on.

When there is a disagreement, that is a good thing.  A reasoned argument is welcomed.  It means that at least one of us is going to learn something.  On days where I teach someone something that is a good day, but days that I learn something are the best.  I am hoping for a very good day from this.

CryptoNote / Monero
Bitcoin is not anonymous, but with some 'best practices' it can have a good measure of privacy making it difficult to penetrate.
Monero is also not anonymous, but what it does is automates those best practices into the protocol making them the default transaction type.  It makes the best security practices of using Bitcoin into all transactions using Monero.  It also goes a bit further and makes this all pretty easy for the users to not screw up, making these best practices so simple and easy that it could be delegated to a low level employee at a corporation.

"Corporation?  I thought all this privacy was so illegal things could be done?"  Maybe someone thinks that, but a much bigger untapped market is the corporate use for internal multinational settlement.  Bitcoin would be great for this, but corporate competitors would be able to see the transactions and know what their competition is doing when they send funds from division A in Singapore to division B in India.  The competitor sees this in the block chain and maybe gets involved in India as well.  So the corporation wouldn't use it for that purpose without doing all the complicated privacy things.  Doing that with Bitcoin is too hard for them to delegate to people all over the world.  Monero solves this problem.

This is a market 1000x as large as all your dark market illicit trading.  It takes what would otherwise be hard, to the point of untenable, and makes it easy and viable.  This opens a new frontier in how crypto currencies may be safely used, and brings some of the larger interests to our side of the table rather than being disinterested or opposed to our ideas.

Yes, bitcointalk doesn't give a shit if criminal activities are being planned and executed vs a "shitcoin", but it will be a different story in case of monero. It won't end well. And bcx knows this, and won't do shit.

Lets see you guy take down this one !

Or.. how about IFC ? 42 ?

NEWS FLASH !

This war on shitcoin is as fake as BitcoinEXpress and his fake war on the pathological liars and cheats we know as Cryptsy.

Muddafudda seems pretty lazy, since he started this thread around 500 more shitcoins appeared. What the hell is he doing?