EXCELLENT points guys! My faith in the concept of a non-transparent blockchain is restored. But will Monero be the One? It sounds like ZeroCash has a lot of people very interested but it hasn't been released yet. Is Boolberry the next best thing in CryptoNote? What does BBR have going for it that XMR doesn't?
Quoting eizh on reddit for the comparison between BBR and XMR
the winner will be taken once zerocash is out - anc failed so miserably that I think it is dead.
I think we will see the classical situation of two networks competing - the dominant ledger from the cryptonote implementations which is by no question monero and the dominat zerocash implementation.
from a game-theoretic point odds for monero are not that bad, it will strongly depend how zerocash is distributed.
zerocash has data size and compute time issues which make it unsuitable for many uses cases of xmr.
it also has the trusted mint problem, last i heard.
for those reasons i doubt that it can attain sufficient liquidity to displace monero as the dominant provider of dark liquidity.
If the anon fad is over, then hype will have less impact on price. Technical merit and community effort will play a larger role in determining the outcome. Lows are always the best time to invest. If the froth is gone, volatility declines and appreciation is more reliable. The end of the bubble is always good for the high-quality enterprises. Their fly-by-night competition is weeded out by the depressive lows. Fewer fools throwing money around means less malinvestment. I.e. investment goes to the most fit. Because monero is the most fit, monero will benefit.
Let us recap the situation and the contenders:
ANC - Zerocoin has serious UX problems due to high computational complexity and data-intensive operation. Also, it is moon math, and only time and extensive review within the cryptographic community will lend confidence. A promising crypto in the zygote stage.
DRK - Snake oil, plus instamine, plus ponzi, large entrepreneurial community, late-term fetal development stage.
XMR - High-quality well-tested crypto, large development and entrepreneurial community, mid-term fetal development stage.
Nothing else has enough promise*liquidity to be a contender. Of the three, XMR and ANC are respectable. XMR is substantially ahead of ANC in terms of technical development, mind-share and liquidity. DRK is substantially ahead of XMR in those terms, but it is technically unfit for most legitimate purposes.
Unfortunately I can't elaborate more on aminorex' opinions. Maybe some other member could do that.
