Post
Topic
Board Altcoin Discussion
Re: Why the bitmonero/monero Ninjalaunched Cripplemined Fastmine matters
by
generalizethis
on 14/04/2016, 18:45:26 UTC
Why are all the Monero guys in here talking about DASH? This thread is about the questionable XMR launch. Let's stay on topic.

So the fastmine/high initial emission of XMR, combined with the refusal to create an official GUI wallet for easy public use does seem very scammy.

Also, the Monero devs claim they didn't know about the scam miner they were pushing off on the public. If that is true, what other parts of their copy/paste coin do they not understand?

It's one thing for novices to copy (well known) bitcoin, but copying something like bytecoin that is brand new, a scam, and includes fraudulent code is pretty irresponsible.

Smooth or one of the other Devs can talk about what happened at the launch, but the lack of GUI is one of the least scammy things ever--who builds a scam and makes it only appeal to those who understand opensource or are comfortable with line command? That would immediately put your coin under the scrutiny of those most knowledgeable about coding, as they are the people most comfortable with line command--so not exactly a wise move if you're trying to scam people--kind of like making a wine and only selling it at wine competitions (if it's lousy, it's going to be apparent all the more quickly, and vocally so). The first thing every scam ever does is put out some bitcoin wallet, slap their name on it and say "Look how cool our wallet is? We must be legitimate, right?" The Monero Devs are wise to build the coin, then the wallet, and then market it.