Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 880. (Read 4671920 times)

Shoot Atrides a PM, he is the owner of MoneroClub -> https://bitcointalksearch.org/user/atrides-185001

I agree it a spurious theory but the only one i could come up with which gives BCN the benefit of the doubt. I hold only 1BTC worth of BCN and am hardly a motivated actor. I have no attachment to the coins I hold and will readily dump them when I see fit. Adding me to your ignore list is uncalled for since I am not a troll.



Umm...OK? As you know I posted a link to the BCN thread where you replied to me (thanks). Some of your community replied in this thread and I replied them back. Not really my bad.




Interesting angle which could help resolve my issue with motive. Thanks.




I already posted there several days ago, no replies. BCN wont discuss this in their thread (LOL),  so I came to the XMR thread and am now being called a troll. It's a bloody raw deal if u ask me. I really dont see the problem if a CN history n00b (like myself) revisits the BCN/Monero origin story. One cannot discuss the history of Monero without telling the BCN origin story. There are no facts at hand (except whitepaper forensics) and a lot of educated guesswork. Thanks you all for opening the lid with me once more. Im sure that for you it seems tedious but this story will be told for a long time to come yet. Be prepared.


FINALLY. I am concerned about this 80% de-anon prob which could theoretically affect any CN currency. I asked before but would like a more conclusive response (if poss) as to whether one could buy 80% of a CN coin's supply to de-anon all tx's?

Thank you all once more for your invaluable time.

Can someone share with me the volume of transactions from Monero Club so far?

I am also interested in the number of registered users by region

This data may give us some clues about where interest is higher and where more marketing activities should be directed.

+1

Could we please keep the debate on whether Bytecoin was a ninjamine or a premine in the following thread: https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112

Welcome back to the XMR thread, where your BCN blather remains off-topic. Please be respectful and take your troll posts back to the BCN thread where they belong.

Impatience killed the cat!
Why the rush ? We need another 10-12 months to tidy up the code then another 6 to stress-test everything before we push it live.

GUI client is next on our to-do list once LMDB is done so get ready people, we are going mainstream soon™

This says it pretty much -> https://twitter.com/fluffyponyza/status/611064391975481344. Performance nigglies are being worked on. However, no ETA is known (yet). Just be patient. You can also follow the github for other developments -> https://github.com/monero-project/bitmonero/commits/master

EDIT: In addition, why it is important the performance nigglies are solved perfectly:


http://www.reddit.com/r/Monero/comments/388s1o/are_there_compiled_binaries_for_the/crt9nde

i've just logged in just to ask about current progress with LMDB ? Is there any update ?

Which is why investing in BCN is a paradoxy, self-contradictory action...

This is of such absurd logic that it really get's comical. So you would feel safe to entrust your anonymity and investment privacy, over to an individual or group that holds the absolute power of turning your anonymity to shreds on a whim. A group that (going by your suggestion) favored deception over truth, privileged knowledge over fair and open/public access. Sweet.

Oh, crap, I got caught in a TrollTrap^(TM) again...

There's a never ending supply of motivated bad actors providing BCN with life support.
Adding another one to my ignore list... 

For you. 

I'm not disagreeing that investing in BCN is very very hard to justify.

 For arguments sake if the motive was "3) To prevent a de-anon" then i'd feel our anonymity was in safe hands. Moreover assuming the coin was mined in private circles (rather than fake blockchain) then de-anon would require the collusion of men who I'd assume (under those circumstances) to be cypherpunks I could truest in. I dont deny that motive might is unlikely but it is also true that the CN devs would know better than anyone the potential weakness of the system. with this weakness in mind they become the guardians of the coin supply.

what i also find surprising is that people are in agreement that the CN devs and BCN devs are likely the same bunch. To trust or not to trust, that's the question.

My favorite theory, which I've picked up from someone (i forget who), was basically that the crypto side and the scam side were 2 separate entities. I.e., the ones who developed the cryptography / core for BCN were not involved with the scam. The theory goes that most cryptographers / true crypto enthusiasts could care less about profiteering, so the crypto side just bailed when the scam side took over. This leads easily to the fact that point #2 just wasn't considered by the scam team, because they weren't involved in the cryptography / core development.

Re: buying 80% - perhaps if one then mixin 0'd that amount or something.

regarding point #3, the current hash rate distribution seems relatively healthy. No idea regarding early days.

Doesn't matter what the motive is. The result is there is no good reason for me to risk my privacy by using the coin. Even if we presume them innocent of actual malice (Sorry, I don't want to risk finding out), they were stupid to lay the gun that would eventually kill them on the Welcome mat.

AS i stated in my post on BCN it seems just as likely that the coin was mined in closed private circles for several months as it does the chain was entirely faked. assuming the former might mean that some dozens of individuals, not necessarily just team members but maybe friends of team members etc might have mined BCN (arguably in clandestine collusion). would all 80% need to be held in one addy or just many addys adding up to 80% all held by the same group?

my problem is motive.

1) GREED

these guys could have made big bucks with a much smaller "premines" ro no premine at all. why risk it all knowing somebody could "pull a Monero", take the goodness and start over? and yet it's perhaps the most likely reason


2) To DE-ANON

hmm. make a crypto triumph (cryptonote) and then proceed to break its anon? cypherpunks not down with that and seems to obvious for a 3-letter agency. also if a 3-letter agency is responsible for CN then all CN coins got things to be concerned about. By the way is it possible to BUY 80% of a CN coin supply to de-anon it?


3) To prevent a DE-ANON

The one positive motive to mine hard. these guys might be so paranoid that they were worried that a 3-letter agency would de-anon their coin by mining it faster than they could, something which Monerians might consider.

What benefit would I gain by risking my assets on a coin that most likely has broken anonymity?  

The NSA could benefit.

The investors/creators of BCN could benefit.

But in either case, I could not benefit by using this coin.

I think you forget that having such a huge premine(~80%?) breaks the anonymity of the coin, which is the whole basis of having an anonymous currency, no?

It is pretty simple from that fact alone that BCN should be entirely ignored.

FAO smooth https://bitcointalksearch.org/topic/m.11683076
cheers. what a completely bizzarro story btw - wow!

Ah, I wasn't aware of that, thanks.

Great article and thanks for mentioning us!