Quote from: Monerobuyer0 on March 28, 2016, 11:20:20 PM

r0ach, what is your angle here?

First you made a thread saying Monero would be the next 10x coin. Then you made a thread saying every alt would crash. Now you're complaining about Monero mining being botnet driven, even though I think the recent hard fork pretty much eliminated the possibility that most of the hash rate was from a botnet, as smooth astutely explained.

If you are interested in being part of the Monero community and holding some Monero long term, that's great, but if you are just here to trade and post bullish things when you are long and bearish things when you are short, then well, we can already look through years of TrueCryptonaire's posts to see that.

What angle? The Eth hashrate is at an all-time high along with the price, so logically it probably drew some botnets off Monero. I don't believe the botnet statistic taken at that particular time is a good benchmark of the norm for Monero, as they are probably leeching off Eth at the moment.

"Being part of the Monero community" lol, look at the original Monero thread, I was there on like page 2 of the thread with Tacotime. Right at the coin release, I was saying block time should be higher, CPU algo will be detrimental to the economics of the coin, and if you're going to have inflation as a "feature", you might as well go for 1% in order to replace coins lost per year and subsidize transaction fees. The inflation thing is the slippery slope, and if I was making a coin today with what I know now, I would go with zero, but that's a different topic. I was attempting to back higher for Monero because of the fast, 4 yr mine period that creates a make or break it moment in a short period of time, so the higher inflation would pick up the slack for that aspect that I consider to be somewhat of a mistake.

At the time, I was on somewhat of an ideology that the purpose of a currency should not be inflationary or deflationary, but equilibrium. If there's going to be bazillions of coins lost over time due to strong encryption blunders, death while holding coins and no way for outsiders to recover them, etc, then crypto would be more like a problematic hyper deflationary system than mild deflation. Since then, I believe inflation is really just a social engineering scheme that people can avoid by doing things like using stocks or indices as a store of value. As long as some outlet exists where people can resist your social engineering, it's kind of pointless, and inflation is arbitrary central banking anyway. The number Monero picked is kind of trivial where it doesn't even matter, but the fact that it exists creates the slippery slope that it can be increased by some random Joe at any time without really even breaking a social contract since the value is so arbitrary in the first place.

Yea, Monero probably will be the next 10x coin. The problem is, someone inorganically tried to engineer that bull run way too close to BTC halving. That's a logistics mistake on their part, not mine. Ethbutters barely got away with doing it by the skin of their teeth and this Monero run came way later. I personally never would have attempted what Ethbutters did trying to move that market so high close to halving, so whoever thought it would be a good time to do it on Monero definitely needs more experience in these markets. I never stated that Monero was going to go up 10x in one day or one week. All alts are going to get slaughtered during the BTC halving pump. You can either constantly move in and back out of alts for no reason over and over during the volatility, or just stay out of the alt market till it's over.