Post
Topic
Board Altcoin Discussion
Re: [ANN][MRO] Monero - an anonymous coin based on CryptoNote technology
by
sussex
on 24/04/2014, 09:25:44 UTC


You seem to forget what the function of this is: money.  As long as people find the privacy afforded to be favourable, it will have a usage and monetary value.  This is the whole point.

You seem to forget that people need to be able to trust their "money" also - this coin will have a reputation of devs literally taking money off people to "solve" technical  problems they don't necessarily understand and trying to hide that fact with flawed maths.

There is a danger that this coin will go the same way as Myriad, becoming nothing more than a technical exercise for miners and geeks without any possible real world usage. End users don't care about emission rates and algorithms but they do care about the contents of their wallets and whether the devs feel entitled to raid them - it could be seen as the behaviour of a centralised currency.

I know I am now going to get accused of being a pump and dumper by those too emotionally attached to this coin, but how can that be true when I have less than 500 coins? Or is it 250? Or will it be 125? Also, if halving people's balances "has no real world effect" on people, how does not halving benefit me? You can't have it both ways, it makes a difference or it doesn't.

This biggest hurdle of crypto and mass adoption is it's perceived dodgy reputation - this move really doesn't help that image because it adds to the genuine fear, uncertainty and doubt that already exists. Ignore public perception of your coin at your peril.