I didn't know about this. That is my mistake.
We have moved out some of our investment.
Bytecoin was forked into a coin that the community could participate in from day one.
Alas, none of the bugs or short comings were fixed in doing that— and it doesn't appear that any of the people involved in it have the background for the low level work. So you might have just written out the only active developers of the software, may not bode well for continued development.
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is this fud?
he claims to be an expert and he implies he has his finger on the pulse of cryptocurrency. yet, he found out about this coin 1 month after it has come out. I had only heard of bitcoin in passing, never knew whta it was and signed up on bitcointalk and found out about this coin the day it was announced. either he is a fud spreder, or this should be humbling as he may not be the expert he claims to be.
i am not in the mining business - but this is kind of funny. It was completely visible here. I found this coins maybe 3-4 after the announcement, the thread already had 20 pages, there was a well managed otc trade in the marketplace. what do people expect? - an anouncement in the new york times?
gmaxwell is one of Bitcoin's most important core devs, so this is not FUD or ignorance. He is a genuine expert. In the altcoin space, a pre-announced launch on this forum is considered 'fair', but it's likely you'd miss it if you only follow Bitcoin communication channels.
Some context is needed. gmaxwell is among those who believe altcoins have little reason to exist (there are many fair reasons to think that, and it's flat-out true for most altcoins). So he likely sees Bytecoin as a testbed for innovation from which Bitcoin can learn, but doesn't care for the ultimate fate of it as a separate currency.
From this perspective, Monero is ruining the party by doing a fair launch and overtaking Bytecoin is usage because Bytecoin devs might now lose interest because their coin isn't getting used. From our community's perspective, it's worth trying to make CryptoNote succeed on its own and only a publicly launched one has the legitimacy required to succeed.
The point about the emission curve is a fair one. Several of us including me wanted to change but the community as a whole didn't like it. It's not a huge deal -- after all Bitcoin has implanted an idea in our heads for how a coin "should" distribute over time, but there's no fundamental theoretical backing.