Topic: rpietila Altcoin Observer - page 166. (Read 387493 times)

Are you offended? I'll change it to something less likely to offend your sensibilities.

Interesting how all the Darkcoin flaws are either losers whining about the instamine (You'd NEVER buy a POS coin, right?). Or a criticism of coinjoin. Anonymint himself has stated that Darkcoin has solved Coinjoin's biggest problem, the potential for jamming transactions. Yes, he has also criticized the anonymity, but there have been some big changes since he reviewed Darkcoin. It seems like none of the things mentioned in that list are fundamentally unsolvable. Others will only be valid until a few months from now, like the closed source criticism.

Brilliantrocket , you're now calling all CryptoNote holders "bagholders"?

CN bagholders always seem to think that anyone who criticizes their precious just doesn't understand.    

CN bagholders always seem to think that anyone who criticizes their precious just doesn't understand.    

I've listed the Flaws of Darkcoin and Monero.

Darkcoin's Flaws:

1) Darkcoin has a 50% instamine by it's own developers during launch, as the block reward was set to 500, and there was no windows wallets/miners. Evan, the developer, and Internetape, the other developer, instamined over 1million Darkcoin's within 24 hours.

2) Darkcoin's name itself, Darkcoin, will always be affiliated with illegal activity like the Darkweb, Drugs, etc, and the name itself ensures that Darkcoin will never reach anything close to mainstream acceptance.

3) Darkcoin's "anonymity" is based on coinjoin, it simply mixes users coins around, making it harder to track it. However, if even the slightest taint if found when mixing the coins, an investigator will be able to deduce who sent what and who received what. The maker of coinjoin, Gmaxwell, deeply criticized Darkcoin since it's coinjoin based "anonymity" is basically a joke.

4) Darkcoin's mixing system/coinjoin relies on something called Masternodes, Masternodes are nodes that are set up by people, anyone can set one up, and Masternodes are the things that mix the coin around. Masternodes also present many risks besides giving trivial "anonymity", if all masternodes are owned by one individual, he will be able to "de-anonymize" Darkcoin and see all transactions clearly.

5) Darkcoin's Masternode Payment system has forked the network many times, and has failed Twice in the effort to pay the owners of Masternodes.

6) Darkcoin's Masternode/Darksend system is closed source, so that means the developers could be stealing coins, or doing any other malicious things, and it will remain unnoticed

7) The Masternodes can always be DDOSed, effectively shutting them down, if the majority of Masternodes were taken offline(they are mostly hosted on Amazon servers), then Darkcoin's trivial anonymity will completely shut off

There are many many other flaws, it will take up too much space to list, so I've listed the main ones.

Monero's Flaws:

1) Monero's bloating/scaling is an issue, where the blockchain itself takes up a lot of space on someone's computer, however, there have solutions to this, as shown by Crypto_Zoidberg, after he fixed this issue with his own coin. The issue has pretty much been fixed anyway, since bloating was caused by dust payments from pools, and with a recent update, those dust payments have been taken off. But because I think it will look to unfair compared to Darkcoin's 101 flaws, I had to list a "flaw" for Monero

2) That's it.

Nice troll attempt.

https://bitcointalksearch.org/topic/m.7857659 - if you read this thread, you might notice comments from deathandtaxes, gmaxwell and others that Anonymints proposal is simply bad (like the whole paper linked in the first post).

Not to mention hes wrong again on cryptonote, he simply doesnt understand the technical background it seems.

It's not a flaw. He was proposing an idea against double spend attack on Bitcoin in the case attacker has < 50% hash rate. He found that his idea doesn't apply to CryptoNote and other coin differ from Bitcoin protocol.

Anonymint commentary on a flaw he found with Cryptonote. Yet another problem to add to the list.

 More good commentary :  https://bitcointalksearch.org/topic/m.7857659

Anonymint commentary on a flaw he found with Cryptonote. Yet another problem to add to the list.

 More good commentary :  https://bitcointalksearch.org/topic/m.7857659

This is very preliminary, but it appears to me that all anonymous coins based on unlinkability will not be able to solve the very serious double-spend threat.

If am correct, this is both a major and fundamental solution for longest chain rule of proof-of-work, but it also eliminates unlinkability as a anonymity solution.

Sorry to say. Again this is preliminary, and needs more peer review.

The volume on BBR is increasing and XMR is starting to up again. This is reminding me of the last XMR run up.

Anyone expecting(or not) XMR to have another run up soon? Or are we going to be waiting a while for a news hit or some other catalyst?

The volume on BBR is increasing and XMR is starting to up again. This is reminding me of the last XMR run up.

Anyone expecting(or not) XMR to have another run up soon? Or are we going to be waiting a while for a news hit or some other catalyst?

https://github.com/cryptcointeam/cryptcoin/commits/master

Their github has not a single update since launch, if thats what you call real development i cant help you.

I dont see CRYPT as a shit pump n dump clone (I believe we are seeing movement here because of fundamental reasons). This is a 2.0 gen x11 pow/pos anon coin trying to compete with DRK. I really think it has long term potential in terms of having a unique mixing algo - http://cryptco.org/Cryptcoin-CryptCast-Anonymous-Whitepaper.pdf.

cheers everybody