Post
Topic
Board Altcoin Discussion
Re: DRK vs XMR warez
by
BitcoinFX
on 25/02/2015, 15:56:32 UTC
A better comparison would probably be DRK vs BBR (Boolberry)

Darkcoin provides a reasonable solution for making anonymous transactions. Boolberry has the best CryptoNote implementation to date, ihmo.

 
Let me sum this up for you. 

The technology behind cryptonote obliterates darkcoin.  It's mathematically provable, it doesn't have random nodes that mostly exist in the amazon cloud to mix shit.

Monero cons

Original authors are scam artists so other devs have taken it over (for XMR)
Low market cap
Mostly held up by bitcoin whales who have no experience in altcoins
Not enough money to fund development (devs are using their own money).  Probably will run out at some point and project will die.
Kinda fubar'd emission

Dark cons

Massive premine
Alternated emission curve to jack price up (make early guys rich on shoulders of late guys after the fact).  Use of node required funding to prop price up.
Spaghetti code
Hypeish name that attracts the wrong crowd
Project will die as soon as devs don't have more coins to unload on a market they create by releasing features.  Even if that isn't the case, changing emission curve as dramatically as it was PLUS the massive instamine will kill it longterm.

This I think is a very accurate description of the cons. I think the underlying theme is they are both bullshit and better can be done.

In terms of 'true' anonymity no coin offers this at present.

It is one thing to be able to make anonymous and obfuscated transactions, however the main issues still to be solved are that of acquisition / ownership and traffic analysis.

- The originator of an 'anonymous' transaction is perhaps much less likely to be identified by tracing a transaction. For example, researching individuals who are mining (or mined) coins in clear net mining pools or who brought and exchanged coins using a 3rd party service makes for a much easier starting point. In fact, simply running an 'anonymous' coins client wallet would most likely flag an individual in a sub-set in terms of the meta data alone.

A truly 'anonymous' coin would need to offer PoW pool mining through Tor (or a similar trusted anonymity network), with a strong focus on decentralization, from the get-go.

Stealthcoin is a good example of a coin that protects its users from traffic analysis using Tor. However, PoW mining is still a much better way to secure a network in terms of user based anonymity and privacy.

Bitcoin actually offered good anonymity when it was first released and users could mine solo in the wallet, without pools.

Creating 'truly anonymous' digital cash is not an easy task.

Privacy, Security, Anonymity and Trust. Pick any 3.