Author

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1382. (Read 4671575 times)

legendary
Activity: 1722
Merit: 1217
There has to be some way to terminate this thread forever.  Or at least to prevent spammers from injecting their obvious deceits.

I would be willing to moderate for atleast a little while on a self moderated thread. Though im sure I would eventually grow tired of that job and have to pass on the torch. If i get enough comments showing support for the idea ill go ahead and make it.
legendary
Activity: 2968
Merit: 1198
Being created to avoid "scams" is not a merit.

I disagree. The technology is what it is, and it is strong. But any technology or source of wealth can destroyed or stolen by scams. That has happened throughout human history, and crypto is not only not an exception, it is a vastly higher risk environment. Avoiding scams is incredibly important.
legendary
Activity: 2156
Merit: 1070
Again nonsensical argument to protect your investment.  

You keep saying that, but it is not becoming more relevant.

Correct. It has always been relevant.


Right. That's why no one is required to show I.D. in order to run a bank.

So Monero's a bank?


It seems pretty clear that you do not want to protect your investment.  If you did, you wouldn't hand it to an anonymous person over the internet.


I know my sister-in-law. I wouldn't have her protect my investment.

newbie
Activity: 18
Merit: 0
I'm not a troll. Google news search my username you will find I got Apache to accept BTC:
http://newsbtc.com/2014/08/29/apache-software-foundation-now-accepts-bitcoin-donations/

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
There has to be some way to terminate this thread forever.  Or at least to prevent spammers from injecting their obvious deceits.
legendary
Activity: 2968
Merit: 1198
Guys what is the current coin supply?

3,654,712.565686233600 according to chainradar.com
legendary
Activity: 2968
Merit: 1198
There is ZERO lack of trust when it comes to CZ. Hell, he single-handedly saved XMRs ass (again) by finding a deadly exchange bug related to all CN coins which he spent the last 36 hours helping the exchanges to fix.  And yet your still say its a VALID CONCERN?? lol

You insist on personalizing it as an attack on CZ and his particular actions. It is not. All of CZ's actions that I have seen have been responsible and he has established some basis for trust (another sig for you!). It is about: 1) an unknown identity can disappear with little consequences, and 2) an unknown identity by definition can not have pre-established trust. There is a reason scamcoins have brand new Newbie identities (or sometimes bought accounts). At the start, CZ's identity was indistinguishable from those.

What part of this did you not understand:

Quote
Note: I am not calling CZ a scammer here, I am saying that lack of trustability is a valid concern. But it doesn't matter what I say, the community will decide whether having known identities is important or not. Obviously over time CZ becomes a known identity so the issue becomes moot.

Quote
Its such a blatant attempt to protect your investment that its laughable.

Dude, I really, really don't give a fuck about my "investment." It is pretty tiny relative to anything in real life. This is a (sometime enjoyable) hobby to me, and little more. If it stops being enjoyable I'm out, including cases where my investment burns. The trolls are about 2% of the way to making that happen, so that won't be soon.






legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Again nonsensical argument to protect your investment. 

You keep saying that, but it is not becoming more relevant.

Quote
We don't need a developer name to trust them. We can watch his/her actions.

Right. That's why no one is required to show I.D. in order to run a bank.

Quote
Its such a blatant attempt to protect your investment that its laughable.

It seems pretty clear that you do not want to protect your investment.  If you did, you wouldn't hand it to an anonymous person over the internet.
legendary
Activity: 1736
Merit: 1001
Guys what is the current coin supply?
legendary
Activity: 2156
Merit: 1070
FUD, FUD and more FUD.

Please, if you can't behave decently just go foul your own pool.  Stop molesting us.



Just stop it with the propaganda and I won't call it FUD. But I simply cannot let you insinuate lies and get away with anymore. Its gone on for months and at some point it has to stop, you have to stop lieing about the "competition" and let XMR stand on its own merits. Being created to avoid "scams" is not a merit.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
How can it be "documented" cbuchner sold all his coins?

This is off topic.  Please take it to a BBR or more general alt thread.
legendary
Activity: 2156
Merit: 1070
Also, afaik there is no detailed explanation of how the dev fee works, on either the ANN page or on boolberry.com.

Use the source Luke.

Anyway, it was discussed at the start as a voting scheme, not individual volunteer donations. For which I give CZ credit, since volunteer donations clearly don't work.

Yea, because you're going to achieve widespread adoption by forcing users to dig through the source code to understand fundamental aspects of the coin Tongue

This is not why you don't support BBR. Come on. Seriously. Anyone who has taken a close serious look at CZ and the community would not have these concerns.

Thank you smooth, for your answer.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
FUD, FUD and more FUD.

Please, if you can't behave decently just go foul your own pool.  Stop molesting us.

legendary
Activity: 3164
Merit: 1116
Also, afaik there is no detailed explanation of how the dev fee works, on either the ANN page or on boolberry.com.

Use the source Luke.

Anyway, it was discussed at the start as a voting scheme, not individual volunteer donations. For which I give CZ credit, since volunteer donations clearly don't work.

Yea, because you're going to achieve widespread adoption by forcing users to dig through the source code to understand fundamental aspects of the coin Tongue
legendary
Activity: 2968
Merit: 1198
Also, afaik there is no detailed explanation of how the dev fee works, on either the ANN page or on boolberry.com.

Use the source Luke.

Anyway, it was discussed at the start as a voting scheme, not individual volunteer donations. For which I give CZ credit, since volunteer donations clearly don't work.

legendary
Activity: 3164
Merit: 1116
After messing with the other two significant Cryptonotes recently, here is my opinion on the issues du jour: emission rate change and dev compensation.

Boolberry is the more interesting competitor to Monero imo, despite currently having a significantly lower market cap than Darknote (I would argue this is a function of instaminers holding a large portion of coins ever mined, waiting for more buy support before dumping some/all their coins from the coin's first month of existence). However, despite Boolberry having a slower emission rate than Monero, it still has a couple of issues that make its distribution a bit more suspect than Monero's. I think the cbuchner miner/mining is viewed with more suspicion than dga's private miner, because Monero was probably already more popular when dga was mining that Boolberry currently is, in terms of miners and in terms of trade volume on exchanges. The other thing is the 1% dev fee, that zoidberg does not do a good job of explaining on the ANN page or on Boolberry's; it's supposedly voluntary, but miners can only vote to turn it up or down, not on or off, and this can only be done by solo miners or pool operators (I think, tbh I do not have a good idea how it actually works, and haven't gotten anymore info after asking on IRC).

So, that leaves Monero as the most fair. Mostly due simply to its much greater popularity and trade volume, but also due to the factors mentioned above.

FUD, FUD and more FUD. Everyone of these points have been made 1000 times and debunked 1001. Its propaganda to protect investments. But its propaganda in its true form.

CBuchner created a miner that was highly efficient. It is documented that he has sold all his coins, almost all of them off exchange, below current market value.

Slower emission does not mean less fairness. It means MORE fairness as the coins are harder to get and harder to hoard.

The 1% dev fee has been explained in detail. You understand it. I know you do. Its not hard to understand and the miners control it.

However, the bolded part above is true. You don't understand or are playing dumb.  This is not rocket science. This is just propaganda to protect an investment.

If you tell a lie long enough and hard enough people will believe it. Its why there was a need for crypto to begin with.


How can it be "documented" cbuchner sold all his coins?

Also, afaik there is no detailed explanation of how the dev fee works, on either the ANN page or on boolberry.com.

Thanks for taking the time to respond in a reasonable manner, i.e. calling me devious and/or dumb for expressing my opinions.
legendary
Activity: 2156
Merit: 1070
I am one of the first 50 if not fewer people involved in Monero and it is my only non-BTC holding. I will dump all and probably never touch alts again if the emission is slowed. In my mind, the risk far outweighs the benefits if things work OK. I am sure I am far from the only one in this situation.
if XMR lets you down, why you would never touch other alts? ... why would you leave CryptoNote for good?

XMR was formed to avoid scams.  Everything else is a scam, or threatens a scam.  

This is propaganda that you created to protect your investment. It is non-sense and based on the absurd proposition that because you dont know who CZ is, you cant trust him. Yet you are a BTC "whale" created by SATOSHI. Hyprocisy much? Come on.

It's not nonsense. Trust can't be created out of thin air, and the relationship between a coin community and a developer is a high trust one, at least before a level of maturity is reached. Much of the trust afforded to XMR is that many of the poeple behind it or early community supporters are known identities or even known persons.

The analogy with Satoshi is off base because the initial development by Satoshi took place in a different time and place, one in which the explosion of altcoin scammers didn't yet exist. Furthermore: 1) others who were known persons quickly joined the project, and 2) Satoshi's contribution was profoundly innovative and could stand on its own. CZ's contributions have not been profoundly innovative (no slam on him, no altcoin innovations have been).

Note: I am not calling CZ a scammer here, I am saying that lack of trustability is a valid concern. But it doesn't matter what I say, the community will decide whether having known identities is important or not. Obviously over time CZ becomes a known identity so the issue becomes moot.


Again nonsensical argument to protect your investment.  We don't need a developer name to trust them. We can watch his/her actions.

There is ZERO lack of trust when it comes to CZ. Hell, he single-handedly saved XMRs ass (again) by finding a deadly exchange bug related to all CN coins which he spent the last 36 hours helping the exchanges to fix.  And yet your still say its a VALID CONCERN?? lol

Its such a blatant attempt to protect your investment that its laughable.

legendary
Activity: 2968
Merit: 1198
I am one of the first 50 if not fewer people involved in Monero and it is my only non-BTC holding. I will dump all and probably never touch alts again if the emission is slowed. In my mind, the risk far outweighs the benefits if things work OK. I am sure I am far from the only one in this situation.
if XMR lets you down, why you would never touch other alts? ... why would you leave CryptoNote for good?

XMR was formed to avoid scams.  Everything else is a scam, or threatens a scam. 

This is propaganda that you created to protect your investment. It is non-sense and based on the absurd proposition that because you dont know who CZ is, you cant trust him. Yet you are a BTC "whale" created by SATOSHI. Hyprocisy much? Come on.

It's not nonsense. Trust can't be created out of thin air, and the relationship between a coin community and a developer is a high trust one, at least before a level of maturity is reached. Much of the trust afforded to XMR is that many of the poeple behind it or early community supporters are well-known identities or persons in the community and furthermore that conspiracies of seven (who don't even know each other outside of this project) are unlikely to the point of implausibility. There is and clearly will be no scam here.

The analogy with Satoshi is off base because the initial development by Satoshi took place in a different time and place, one in which the explosion of altcoin scammers didn't yet exist. Furthermore: 1) others who were known persons quickly joined the project, and 2) Satoshi's contribution was profoundly innovative and could stand on its own. CZ's contributions have not been profoundly innovative (no slam on him, no altcoin innovations have been).

Note: I am not calling CZ a scammer here, I am saying that lack of trustability is a valid concern. But it doesn't matter what I say, the community will decide whether having known identities is important or not. Obviously over time CZ becomes a known identity so the issue becomes moot.



legendary
Activity: 2156
Merit: 1070
After messing with the other two significant Cryptonotes recently, here is my opinion on the issues du jour: emission rate change and dev compensation.

Boolberry is the more interesting competitor to Monero imo, despite currently having a significantly lower market cap than Darknote (I would argue this is a function of instaminers holding a large portion of coins ever mined, waiting for more buy support before dumping some/all their coins from the coin's first month of existence). However, despite Boolberry having a slower emission rate than Monero, it still has a couple of issues that make its distribution a bit more suspect than Monero's. I think the cbuchner miner/mining is viewed with more suspicion than dga's private miner, because Monero was probably already more popular when dga was mining that Boolberry currently is, in terms of miners and in terms of trade volume on exchanges. The other thing is the 1% dev fee, that zoidberg does not do a good job of explaining on the ANN page or on Boolberry's; it's supposedly voluntary, but miners can only vote to turn it up or down, not on or off, and this can only be done by solo miners or pool operators (I think, tbh I do not have a good idea how it actually works, and haven't gotten anymore info after asking on IRC).

So, that leaves Monero as the most fair. Mostly due simply to its much greater popularity and trade volume, but also due to the factors mentioned above.

FUD, FUD and more FUD. Everyone of these points have been made 1000 times and debunked 1001. Its propaganda to protect investments. But its propaganda in its true form.

CBuchner created a miner that was highly efficient. It is documented that he has sold all his coins, almost all of them off exchange, below current market value.

Slower emission does not mean less fairness. It means MORE fairness as the coins are harder to get and harder to hoard.

The 1% dev fee has been explained in detail. You understand it. I know you do. Its not hard to understand and the miners control it.

However, the bolded part above is true. You don't understand or are playing dumb.  This is not rocket science. This is just propaganda to protect an investment.

If you tell a lie long enough and hard enough people will believe it. Its why there was a need for crypto to begin with.
legendary
Activity: 2968
Merit: 1198
I think developer block funding (not 100% sure about the latter) in a rather formal process which means the question won't go away and must be addressed.

It will go away if we (you) stop raising it.

Unless the proposal is withdrawn there is a specified discussion period and a voting period that is going to happen. So this issue will be with us for some time.

Quote
I also suggested that the best way to fix this is not to change emission but to grow adoption faster than emission can decline.  I prefer to discuss this topic there.
I don want the subject "decided" in the public mind by bytecoin trolls.

Good points.
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