Every other coin is soared with fork news but Monero did not. I liked MoneroV but it needed a confirmation from a big exchange
Why does it even exist? I get why eth classic and bcash exist, there was clash of opinions and enough demand for a fork, but this just seems like a cash grab leeching off Monero's good name.
The concrete reasons put forward are 10x the supply (move the decimal) and hardcap on emission that will be hit in fifty years or so; more vague reasons put forward are massive scaling improvements and mimblewimble integration (which they require a 5-10% premine for).
Not to toot my own shillhorn, but there is now a fairly launched alternative (which may actually be the most fairly launched cryptonote ever) that meets the two concrete reasons put forward, but launched with it's own blockchain to avoid privacy degradation issues.
The 10x supply is just moving a decimal. I see this mostly as a marketing gimmick that may lead to an increase in price. There are two real changes:
1) Capping the supply by stopping the trail emission cold after 256 million XMV, in approximately 50 years. This to put it bluntly is a time bomb set to go off in approximately 50 years. Why this 50 year period was chosen is beyond me other than it is close to a typical remaining life expectancy of a millennial. In many ways this is a Faustian contract optimized for a millennial. MoneroV gets to enjoy Monero's adaptive blocksize and scaling while at the same time claiming a finite coin supply. for ~50 years and is then when the Faustian contract runs out MoneroV is condemned to an eternity of 51% attacks! It is conceivable that a baby boomer who reaches the super centenarian age of 110+ years could actually launch one of these 51% attacks.
2) A mid mine of 15,000,000 XMV. Nothing fair launch about that.
The mimblewimble stuff if it has any merit would likely end up in a Monero side / daughter chain anyway. MoneroV is significant to Monero because it goes against one of Monero's core principles, the adaptive blocksize that when combined with a tail emission provides on chain scaling that is only limited by the state of technology at a given point it time in the future. This places Monero head and shoulders above the vast majority of POW coins starting with Bitcoin. Taking the "short" side of a Faustian contract is something I actually find very appealing. In this case I find the "short", selling XMV from the air drop, even more appealing since MoneroV goes against something I hold very dear in Monero.