Post
Topic
Board Altcoin Discussion
Re: Unveiling the truth over the major Monero scam
by
dinofelis
on 11/03/2017, 14:33:24 UTC
Monero hasn't a more fair distribution than Bytecoin, or Dash or whatever other anoncoin in the market.

What makes "anon" coins special in this respect ?  Why wouldn't other CPU coins be mined with a bot net, and in what way is a developer team the only one that can deploy a botnet ?   Isn't competition with botnets similar to competition with asics ?  

Can't you accuse every CPU coin to be botnet mined ?  Maybe bitcoin too in the first years ?  Maybe Satoshi had a botnet running that gave him all the coins until 2011 ?

I fail to see the logic behind this argument.  The only few XMR I ever had, was through mining them myself on my laptop !
It is the only coin I ever mined on my laptop.   So I don't see where this idea, that because it can be mined with a PC, it is of course mined by *one single botnet under the dev's control*.  If this took a long time (more than 48 hours say Smiley ) I would think that there was possibility of fair competition.  If a quarter of the current stash is mined before the most astute co-miners are even aware that the launch took place, with a difficulty "bug" so that you can do it on your PC, chances are it is the same guy launching the genesis block that got most of it, no ?  If on top of that, there is a PoS mechanism that amplifies initial stash, the word "fairness of distribution" becomes difficult to use.  If on top of that, there is a PoS voting system to use 10% of the mined coins on "development", you can imagine how centrally controlled this thing is.

However, it is very well possible that all this happened by accident, and that Evan Inc sold their initial stash on cocaine and prostitutes when DASH was less than a dollar, and are now biting off their nails when they see the price of DASH rise, not holding a single penny of what they instamined.  But allow me to doubt it.