Post
Topic
Board Altcoin Discussion
Re: Unveiling the truth over the major Monero scam
by
AndreaF
on 09/03/2017, 13:09:41 UTC
First of all isn't proven that the developer premined before release, seems more a not properly distributed initial supply.

This great piece of inquiry is enough:

https://bitcointalk.org/index.php?topic=740112.0

Faking white papers, faking dates 2 years in advance, claiming a launch and dark market usage 2 years ago.  
Bytecoin was launched in april 2014, claiming it was around since 2012, to "explain" that 80% was already (pre)mined.

Come on.


these are not proofs only suspects and conjectures

The proofs are in the OP I linked to.  If an article published by you in 2012 is written with a pdf processor that only existed in 2014, and if that article (the "white paper") that you SIGNED in 2012 contains links to a discussion thread started in 2013, then you are Dr Who, and you are in possession of a time-travelling Tardis.




this can proof that isn't all true what he stated not that He has mined all for himself... and again you have strategically omitted all the rest of the content of my post for the second time in a row.

Quote
you have ignored 99,9% of the post where I want to know in practice, HOW is supposed to be better a developers that not premine but with emission enterely controlled  by few people with big cluster miners against developers that "maybe" have premined a big slice however everyone was able to get a very large amount of units for free with faucets and an extremely low price

How many Monero you can get? At what price? Who is that sold you Monero? How this assure a better distribution in real world?

Quote
First of all isn't proven that the developer premined before release, seems more a not properly distributed initial supply. Anyway even considering that developers have premined I would have agree with you if is proven that approach used by other coins assure most fair distribution. Unfortunately isn't the mined amount that decide this but how a common user can get a proportional percentage of the supply. Since the mining network can easily grab the most of supply forcing you to buy from them if you want some coin. Bytecoin was always easily mineable even from an home user with a notebook, was distributed for free in very large amount with faucets. Monero? If you want to get a decent amount of units you have to pay much money to big mining clusters most of them controlled by founders of the coin that have the most of the emission totally in their hands. How is supposed to be more fair this?

I'm not a Bytecoin supporter I have invested only ten dollar in Bytecoin I prefer other cryptocurrencies however Bytecoin whatever thing you can say about developers sincerity, that very likely have lied about the date, was easily available both for free with faucets, with hilariously low prices and easy to mine even with an home PC... Monero was pretty expensive and difficult to mine since day one because of large clusters that original owners\investors dispatched this is a FACT and this is the most important thing when I have to see what coin is more fair and grant a best distribution in real world. So in simpler word if Bytecoin is a scam because of initial mining Monero is a scam far more great and less honest