Ninjastic
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Re: Why the bitmonero/monero Ninjalaunched Cripplemined Fastmine matters
by
generalizethis
on 14/04/2016, 19:58:45 UTC
Quote from: qwizzie on April 14, 2016, 07:44:08 PM
Quote from: generalizethis on April 14, 2016, 07:04:15 PM
Quote from: spatula on April 14, 2016, 06:55:05 PM
Quote from: generalizethis on April 14, 2016, 06:45:26 PM
Quote from: spatula on April 14, 2016, 06:27:29 PM
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 an makes it only appeal to those who understand opensource or are comfortable with line command? That would immediately put your coin under the scrutiny to 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.



The reason to make it harder to use (by not having an official GUI) is to keep the coins for insiders, and wait to release the official GUI until after coin emission has drastically slowed, which is exactly what is happening.


Is it? Because last time I checked there was a online wallet and most of the people who aren't comfortable with command line just keep there's on Polo.

last time i checked people from your own community are advising against keeping large amounts on that webwallet and in general it is considered unsafe to keep your coins longterm on an exchange. 

And they're right--they also advise using one of the many GUIs and wallet generators too--doesn't mean that people are likely to follow that advice. I'd advice learning line command, boning up on cryptosystems and how they should be built and becoming an early adopter not a reactive speculator, but do you think people will listen to me?

So this is your narrative: that Monero has eschewed the pressure to build an official GUI over many, many months only to keep out those people who are demanding an official GUI before they can validate Monero as an investment--sorry to say I don't believe this is the case, but if it were, I'd tell those people they are pricing-in their demand. It's kind of like blaming Oculus Rift for their beta kits being cheaper than the for-consumer model--though for all anyone knows Monero won't budge when the official GUI hits and those people can see the consumer model in all its glory for the same price it is today (or even less, who knows?).