Quote from: illodin on April 22, 2015, 11:02:36 PM

Quote from: fluffypony on April 22, 2015, 02:05:57 PM

Quote from: illodin on April 22, 2015, 10:26:07 AM

Monero idealists are saying it doesn't matter that the hashrate is dominated by botnets.

Monero coins have been and are being minted by criminals using unaware people's computers and electricity without their consent, and the people buying those coins off the criminals are happily receiving stolen property while riding their high horse of crypto morality.

Nonsense - we invented Smart Mining to address both mining centralisation AND the risk of botnets. We're not ignoring the risk, and anyone who says otherwise is delusional. Bitcoin, Dogecoin, and Litecoin have all had major botnet mining problems, I don't think any cryptocurrency can pretend it's not at risk. The difference is that we're actually doing something about it instead of pretending it doesn't exist:)

What about it is nonsense?

How many percentage of the total hashrate do you estimate can be attributed to Smart Mining feature since it has been released? 1%? 0.1%? Even less? When was the feature released btw?

I'm not saying you're ignoring the risk, it's just that there's not much that can be done about it, and it seems the risk has already realized.

Using algorithms with fast GPU/ASIC miners that make CPU mining useless makes the botnet risk negligible.

The "terminator gene" here could very well be that people are afraid of purchasing Monero coins if they estimate they have x% chance (x = botnet portion of total hashrate) of receiving stolen property.

Let's not get off the topic of the Dashmine. Because fear of receiving stolen property is a non-topic for a coin with Monero's fungability, but way to pull on the FUD pump, Illodin.