Post
Topic
Board Altcoin Discussion
Re: monero is going knowhere but down
by
americanpegasus
on 21/05/2015, 17:51:40 UTC
Just to add, the funny thing about Monero is the whole project was conceived as nothing but a butthurt alternative to the Cryptonote devs holding the majority of the coins (even though I suspect the Monero team holds a huge stash themselves and are indeed trying to get rich off it themselves but I digress....)

If people like cryptonote so much it would have been alot easier and faster to just give the original creators their Bitcoin they asked for on the exchanges, let them be on their merry way and start distributing ,selling and using Bytecoin as a real currency instead of waiting now more than a year for someone to create an acceptable clone.

I have to ask, which is more sinful, for the creators of CN to get rich of their creation or for early Monero holders profiting immensely when it was several dollars a coin while everyone else who buys or mines in late to the game start seeing their investment eaten away by runaway inflation? This concept of "fair mining" in the crypto world is an illusion, nothing in life is fair, some things are just fair-er than others.
 
 
Misinformed hogwash.   
 
By holding so much Bytecoin, the devs destroyed the privacy features.  Also, they had to (should have) known this would happen since they shadow mined the coin for years. 
 
And there is no runaway inflation.   There is a simple, predictable, low inflation curve which makes this very attractive as a spend able currency. 
 
All you have managed to do is strengthen the case for Monero, and show just how it is the first and best cryptonote implementation. 
 
Try harder, troll.