Re: [ANN] [XMV] MoneroV - Fork 1:10 of Monero - Finite coin supply - Private
So after reading this entire thread and all published info on MoneroV I have come to my own conclusions. These opinions have no basis or fact to back them up but more of a gut feeling.
I think that it is possible that Bitmain is behind or involved with this fork as they want to keep using the ASIC's they developed. The timing of the announcements of fork coincide with the news of the Monero ASIC miners. Nothing in the MoneroV release info states ASIC resistant or any attempt to address that question. If I'm wrong, I'm open to being proven wrong. I am not here to FUD, just real questions on the ASIC topic need to be answered. Keeping core dev team a secret is a big negative in my book. Would you buy stock in a company if you did not know any information about who ran it from the top? I noticed only one person in the MoneroV ANN asked anything about ASIC mining and that questions is still not answered.
MoneroV = centralized ASIC mining consortium.
Like I said I have no fact to back this up just gut feelings. My gut feelings are usually right but I could be wrong. I have been involved with Monero since almost the beginning and I can attest the Monero community is strong and has lots of good people. I hope for the sake of people getting involved in MoneroV it is not an ASIC continuation or a scam. Time will tell and I hope this project really is on the up and up because I believe there are some good points for MoneroV and some issues addressed that are not addressed in Monero.
Please prove me wrong with facts if you have them regarding ASIC resistance. For now I have not seen any fact that lead me to believe this coin is ASIC resistant.
I think that it is possible that Bitmain is behind or involved with this fork as they want to keep using the ASIC's they developed. The timing of the announcements of fork coincide with the news of the Monero ASIC miners. Nothing in the MoneroV release info states ASIC resistant or any attempt to address that question. If I'm wrong, I'm open to being proven wrong. I am not here to FUD, just real questions on the ASIC topic need to be answered. Keeping core dev team a secret is a big negative in my book. Would you buy stock in a company if you did not know any information about who ran it from the top? I noticed only one person in the MoneroV ANN asked anything about ASIC mining and that questions is still not answered.
MoneroV = centralized ASIC mining consortium.
Like I said I have no fact to back this up just gut feelings. My gut feelings are usually right but I could be wrong. I have been involved with Monero since almost the beginning and I can attest the Monero community is strong and has lots of good people. I hope for the sake of people getting involved in MoneroV it is not an ASIC continuation or a scam. Time will tell and I hope this project really is on the up and up because I believe there are some good points for MoneroV and some issues addressed that are not addressed in Monero.
Please prove me wrong with facts if you have them regarding ASIC resistance. For now I have not seen any fact that lead me to believe this coin is ASIC resistant.
You've mixed your forks up (easy mistake, we have a few of those now
). MoneroV is forking after the v7 hardfork, so they'll have the updated v7 PoW. There's a lot of reasons to hate MoneroV but this isn't one of them - Monero Classic and Monero0 are where you should direct your ASIC related hate.Ok if this is the case then cool. Like I said this fork offers some new potentials to Monero. Anyway in this day and age of cryptos scammers one can never be to paranoid or careful. I remember a guy loosing 7000 XMR to a fake My Monero site some time back.