I do have to agree that seeing so many XMR threads does put me off a bit. I think the 24/7 PR push for this coin is way too early... it only really trades on 1 exchange and still has no gui wallet. Overall many of the supporters are hurting the coins image more than helping it in my opinion. I think it is a cool coin and does have the attention of some real players though.
I do actually hold some XMR myself.
Topic: Why is Monero ignored by the public even though it has the best tech out there? - page 2. (Read 3710 times)
July 30, 2015, 09:28:49 PM
July 30, 2015, 08:48:41 PM
I believe Monero is lacking in features. I'm not planning on sticking with them.
July 30, 2015, 08:28:20 PM
Better yet, when are you finally gonna get the fuck off this forum?
Why would that even make any sense at all, other than it being what losers like you want?
"Discussion of cryptocurrencies other than Bitcoin"
If you don't want to discuss it, don't. Constantly discussing why you don't want to discuss it is pathetic.
July 30, 2015, 07:25:11 PM
The inflated ICO.
There was no ICO. The volatility at the beginning was just the number of coins in circulation being extremely small (since mining started with zero) and speculators having no idea what the coin would actually be worth.
July 30, 2015, 07:17:39 PM
What a foolish thing to say.
How could they have stabilized it without interfering? That's the free market at work, and actual price discovery in action.
How could they have stabilized it without interfering? That's the free market at work, and actual price discovery in action.
July 30, 2015, 06:55:02 PM
.
July 30, 2015, 05:04:45 PM
Doge and LTC are more popular, this is very simple 
First come, first served
First come, first served Still holding that bag? Poor guy, I can see you being that old guy on the forums who still thinks LTC & Dogecoin will come back one day many years after they are long forgotten and obsolete.
July 30, 2015, 03:32:34 PM
Maybe because it doesn't have the best tech out there? Did you ever think that possibility?
Why would we trust random altcoins when we already have the great Bitcoin!?
Why would we trust random altcoins when we already have the great Bitcoin!?
July 30, 2015, 02:57:48 PM
Who says it has the best tech? Can you prove that?
Or it's just another "altcoin" and doomed to die.
Or it's just another "altcoin" and doomed to die.
July 30, 2015, 02:51:35 PM
Illodin, from all the below all you could nitpick is bandwidth. You're reaching the bottom of the barrel.
I never mastered 10 finger touch typing so you'll just have to settle for that for now.
July 30, 2015, 02:02:02 PM
Illodin, from all the below all you could nitpick is bandwidth. You're reaching the bottom of the barrel.
Reasons: laziness or that the primary anti-monero posters are large holders of other coins or ignorance or a general suspicion of all things not Bitcoin. The first two won't go away any time soon, but the last two can change with facts.
--Monero is the largest most secure form of a digital cash--a digital cash must be decentralized to prevent a central power from destroying its other traits, it must be unlinkable to retain fungibility, it must be untraceable to retain fungibility, and it must be fungible--which simply means 1 xmr always equals 1 xmr (no taint).
--Monero was fairly launched and has a heavy front-end distribution to keep the costs of entering the market inexpensive.
--Monero is opensource and has at last count 29 developers with commits (one happens to be the lead Developer of Bitcoin).
--Monero has an online game that will use it as a gateway to the game's economy.
--A Finnish company is introducing a Monero investment fund.
--Open Alias (a Monero innovation that allows for you to use domains as addresses) will be part of Electrum Core.
--View Keys allow Monero to be private by default, public by choice.
--Monero's TPS is unbounded (currently 1,600 TPS).
Probably forgot a few things, but Monero isn't part of the dog and pony show that is greater fool economics. It is the evolution from physical cash to digital cash. It is needed, it is wanted, it is desired by those who want cash as part of their digital lives.
Reasons: laziness or that the primary anti-monero posters are large holders of other coins or ignorance or a general suspicion of all things not Bitcoin. The first two won't go away any time soon, but the last two can change with facts.
--Monero is the largest most secure form of a digital cash--a digital cash must be decentralized to prevent a central power from destroying its other traits, it must be unlinkable to retain fungibility, it must be untraceable to retain fungibility, and it must be fungible--which simply means 1 xmr always equals 1 xmr (no taint).
--Monero was fairly launched and has a heavy front-end distribution to keep the costs of entering the market inexpensive.
--Monero is opensource and has at last count 29 developers with commits (one happens to be the lead Developer of Bitcoin).
--Monero has an online game that will use it as a gateway to the game's economy.
--A Finnish company is introducing a Monero investment fund.
--Open Alias (a Monero innovation that allows for you to use domains as addresses) will be part of Electrum Core.
--View Keys allow Monero to be private by default, public by choice.
--Monero's TPS is unbounded (currently 1,600 TPS).
Probably forgot a few things, but Monero isn't part of the dog and pony show that is greater fool economics. It is the evolution from physical cash to digital cash. It is needed, it is wanted, it is desired by those who want cash as part of their digital lives.
July 30, 2015, 09:29:52 AM
--Monero's TPS is unbounded (currently 1,600 TPS).
Monero at 1,600 TPS would probably consume all of the whole world's internet bandwidth.
No that doesn't sound right.
I don't know what an "average" transaction's size is, nor what it'll be in the future if/when there's more use, but let's say 10kB just for fun (sample real TX that's probably larger than average: 30 inputs @ mixin 4, 5 outputs; size: 11481 bytes).
10 * 1,600 / 1024 * 8 = 125 Mbps
It's not trivial, that's for sure.
In addition all those 1,600 transactions are first received by you, then you broadcast them to all the peers you know, and then receive the block containing the same transactions, and later send those blocks to other peers downloading the blockchain. Total bandwidth usage is probably somewhere around 1 Gbps for every peer.
"are first received by you": yes, let's say you need 50 Mbps after my new math.
"then you broadcast them": on average it should be one time, I think.
"then you broadcast them": you shouldn't re-download data you already have (though it may work that way now).
"send those blocks to other peers downloading": this is a rather limited case that doesn't happen that often.
All told you might need 100-200 Mbps of bandwidth (synchronous).
No one is saying 1,600 TPS is practical *right now* (or at least, they shouldn't be saying that). The number was based only on i7 processing speeds.
One could instead say: TPS is limited in CN mostly by processing and bandwidth speeds, NOT the protocol. With BTC limited by the protocol to around 3 TPS, it's still a major distinction, whatever "practical" speeds CN can achieve on today's hardware and bandwidth.
July 30, 2015, 09:18:06 AM
--Monero's TPS is unbounded (currently 1,600 TPS).
Monero at 1,600 TPS would probably consume all of the whole world's internet bandwidth.
No that doesn't sound right.
I don't know what an "average" transaction's size is, nor what it'll be in the future if/when there's more use, but let's say 10kB just for fun (sample real TX that's probably larger than average: 30 inputs @ mixin 4, 5 outputs; size: 11481 bytes).
10 * 1,600 / 1024 * 8 = 125 Mbps
It's not trivial, that's for sure.
In addition all those 1,600 transactions are first received by you, then you broadcast them to all the peers you know, and then receive the block containing the same transactions, and later send those blocks to other peers downloading the blockchain. Total bandwidth usage is probably somewhere around 1 Gbps for every peer.
Each transaction is only going to be received approximately once by each node, therefore sent once by each node. Average node bandwidth is basically equal to twice the transaction rate times transaction size.
Blocks don't necessarily need to send the entire transactions again, just a short hash, but ignoring that optimization the total would be about 4x the rate. It isn't the rate times the number of peers.
EDIT: corrected that received and sent once by each peer is 2x the rate, although peers on "slow" connections won't actually do much sending, because it would be too late for peers to have not seen the tx already, so their realistic rate is closer to 1x, but >2x on fast-connected nodes.
July 30, 2015, 09:12:41 AM
--Monero's TPS is unbounded (currently 1,600 TPS).
Monero at 1,600 TPS would probably consume all of the whole world's internet bandwidth.
No that doesn't sound right.
I don't know what an "average" transaction's size is, nor what it'll be in the future if/when there's more use, but let's say 10kB just for fun (sample real TX that's probably larger than average: 30 inputs @ mixin 4, 5 outputs; size: 11481 bytes).
10 * 1,600 / 1024 * 8 = 125 Mbps
It's not trivial, that's for sure.
In addition all those 1,600 transactions are first received by you, then you broadcast them to all the peers you know, and then receive the block containing the same transactions, and later send those blocks to other peers downloading the blockchain. Total bandwidth usage is probably somewhere around 1 Gbps for every peer.
July 30, 2015, 08:59:55 AM
--Monero's TPS is unbounded (currently 1,600 TPS).
Monero at 1,600 TPS would probably consume all of the whole world's internet bandwidth.
No that doesn't sound right.
I don't know what an "average" transaction's size is, nor what it'll be in the future if/when there's more use, but let's say 10kB just for fun (sample real TX that's probably larger than average: 30 inputs @ mixin 4, 5 outputs; size: 11481 bytes).
10 * 1,600 / 1024 * 8 = 125 Mbps
It's not trivial, that's for sure.
Edit: after discussion with a dev, we decided on a better average tx size: 3kB (10 inputs @ mixin 3, 10 outputs approximately)
This makes the above change to 37.5 Mbps.
July 30, 2015, 08:24:51 AM
I see it as shills from other coins (won't name 'em, cuz it doesn't matter) that are doing so to discredit XMR.
I for one don't even really care about the "shills", the extreme arrogance and self-conceit of the "higher class Monero folks" alone is already enough to stay away from this imo. But I rarely come here these days, anyway...
July 30, 2015, 08:22:56 AM
Doge and LTC are more popular, this is very simple First come, first served
First come, first served 
July 30, 2015, 08:10:13 AM
I see it as shills from other coins (won't name 'em, cuz it doesn't matter) that are doing so to discredit XMR.
But the damage done is not only monero but all the alt crypto scene as a whole.
to outsiders/newcomers, it shows how immature this industry is, seen as a big joke, and slowly look elsewhere by lack of interest.
Trolling is counterproductive and avoided like the plague by the game changers and those that move forward.
this industry jumped to the abyss of a destructive intestinal war... based on an open-source tech. c'mon.
But the damage done is not only monero but all the alt crypto scene as a whole.
to outsiders/newcomers, it shows how immature this industry is, seen as a big joke, and slowly look elsewhere by lack of interest.
Trolling is counterproductive and avoided like the plague by the game changers and those that move forward.
this industry jumped to the abyss of a destructive intestinal war... based on an open-source tech. c'mon.
July 30, 2015, 08:07:27 AM
Monero is ignored because it has nothing to offer then blabla
Bitcoin is the first mover in this market. It shoud be doable to expand the possibilities of bitcoin with the things other coins can do.
Remember that it is not allways the best (the best in your opinion) that will win.
There are far more sophisticated coins then Monero.
Bitcoin is the first mover in this market. It shoud be doable to expand the possibilities of bitcoin with the things other coins can do.
Remember that it is not allways the best (the best in your opinion) that will win.
There are far more sophisticated coins then Monero.
It is not doable to expand the possibilities of Bitcoin so it can do everything Monero can do... afaik.
July 30, 2015, 08:06:58 AM
Ahahahahaha. BCX never lets you down 
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