Post
Topic
Board Altcoin Discussion
Re: why does Bytecoin have GUI wallet but Monero not?
by
pa
on 30/07/2015, 15:49:56 UTC

Everyone around here is greedy, don't kid yourselves, you don't think someone like smooth isn't looking to get rich either? Besides what is the point of currency but to accumulate it and spend it and make money, it is the essence of capitalism.


Exactly, that's why i don't trust anyone owning more than 80% of a coin. The market is under their control, and i'm exposed to their arbitrariness.

80% ownership by a single party of a cryptonote coin (such as Bytecoin) also destroys much of its utility, as that party can easily de-anonymize other users (since they will control the vast majority of the outputs).