Quote from: Flenst on September 24, 2018, 07:25:11 AM

Quote from: XVGWhaleReal on September 22, 2018, 10:40:42 PM

Edit: Also I would like to respond previous assumptions about me. I did not inflate those numbers, and the statistics are not "fake". I saw the news via twitter. Other coins also have large amounts of mining related transactions as well. One reason is XVG's blazing fast block time, hence issuing block rewards more often). Not only did Verge rank highly for transactions, but also for active wallets, blaming one wallet is a weak argument. And yes, the transaction fee is extremely low, allowing for users to send numerous transactions easily and at low cost.

They ARE fake. I already showed with sources to the public explorer almost 50% of transactions were done by one wallet. And yes, this works because transactions are so cheap. This also leads to "active wallets" since every transaction generates an one time change address. These numbers are fake. Not a mining pool (they payout in one transaction with multiple outputs).

Everyone be really careful. Verge also hyped up the wraith protocol at NYE as something revolutionary and in the end it was just copied "opaque addresses" from OpalCoin and TOR routing integration. Don't fall for hype, the promised features like RingCT aren't easy to implement in a safe way or in a way that grants real privacy. RingCT for example would HAVE TO be implemented mandatory, otherwise this would lead to traceability issues. But with mandatory RingCT transactionsize would grow about 1500%. With low fees this would be a good attack vector to spam the network with enormous numbers of big transactions to slow down/DDOS the network.

Don't get blinded by "ADOPTION", look if a coin really can offer what it promises. And I can tell you the current "privacy solution as a choice" is fully traceable. There are enough Bitcoin wallets out there that offer "stealth addressing" for Bitcoin and I would bet you wouldn't call Bitcoin private?! Forget TOR here, hiding IPs could be solved with almost every coin and IPs are not stored on the blockchain.

facts and figures can't lie, I find it difficult to place my trust in verge right now because of this. bitcoin has the same problems, in fact most alts have this, but verge is apparently just making stuff up