So what? The code base is brand new and needs work. Every Monero investor should know this.
Bitcoin was crap as a stack of cards at one point, it even had freaking goto loops in the code.
Lets keep the record straight: Bitcoin v1.0 had significantly better code quality than Cryptonote does from what I've seen; I just checked and there weren't any goto statements in the codebase. Cleaning up this mess isn't going to be easy, although it certainly is doable.
I'd strongly suggest taking the good part of Cryptonote - the ring signatures - and porting them over to the Satoshi codebase. Monero could be re-released based on that much better codebase and the UTXO set ported over at the same time so all coin owners on the old system were coin owners on the new system.
Creating an exodus option to move over to Bitcoin codebase would be the death of Monero.
There have been too many issues that have come to light recently.
The mining exploit that has been going on and has just been disclosed shocked me.
This attack, given Peter Todd's analysis, is just another major issue that I'm finding it hard to live with.
It's starting to sound like the original Cryptonote code was used to scam people by introducing something new and different. Those of us that have bought into its promise, in good faith, may just be at the tail end of the scam.
This looks like an unravelling of the problems, not a temporary blimp. At the back of my mind now is: 'what next?'
I'm an investor, Peter Todd is more competent to give a technical analysis. It doesn't look good.
