Why don't use the BCN implementation ? Isn't Monero originating from the same codebase ? I have not followed Monero development.
I want to say that cryptrol is a serious and skillful guy so a good answer would be nice. I am just saying that cause i think noone replied him. I would but i dont understand all the differences...
about a quarter of the way through I ask that exact question, because I'm a serious feet to the fire journalist!
http://getmonero.org/2015/03/23/monero-missive-for-the-week-of-2015-03-23.htmllatest update on DB.
Will the Monero Project be able to address any of these considerations?
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But now we can improve upon that. With a crypto-currency, in theory[1] we have much greater transparency so that the banks can't hide how great their fractional reserves are (market won't accept it because it is too easy to provide the information digitally as contrasted against physical verification of gold on deposit in the 1800s), and the free market can anneal sooner so that banking crisises are less egregious (less volatile and more subdued impacts).
You see the Knowledge Age is advancing mankind. Armstrong is a dinosaur that wants to stay with the old system of a government regulating the banks' leverage. Nah fuck that! Let's move forward with the new technology of money.
[1] Serious problems haven't been resolved yet, such as reliable anonymity (i.e. Tor/I2P is probably a honeypot and Monero relies on either Tor or I2P to obscure your IP), decentralization of mining (Bitcoin being controlled by 1 - 4 pools), real-time transactions, fragmentation of the internet or power outages, etc..
I think that depends on the development of Monero! I mean, its an open source project, so anything can happen, right?
I don't know the Tor/I2P thing. I mean, couldn't the privacy thing (at least with monero) just be achieved with a VPN?
decentralization of mining - the project map has "new algorithm" on it at somepoint, so who knows. I also concur that this is something that needs focus.
real time transactions - i ultimately think most point of sale transactions will just use a cloaked account check. So the merchant software queries the blockchain to see if theres enough in your account, and then executes the transaction. Realistically, any double spend attack requires more coordination than someone buying groceries, doesn't it?
fragmentation of internet - This is particularly interesting, because theoretically if the internet becomes fragmented, individuals making transactions will be segregated into two unique blockchain forks. However, there might/could/should be a way for the two forks to merge if the daemon can verify that all of the transactions on each unique fork were indeed unique. The only possible exploit would be if you could manage to get your private key from one segregated net to the other, so you can have activity on both forks. Yeah, because the longest chain rule would pick one fragmented net over the other, voiding all transactions during the fragment.
