This seems a likely place to find smart people willing to defend Monero. Can anyone here give good answers or rebuttals to the points below? I'd rather avoid asking in the main XMR thread in case noobs there might be alarmed against the coin before waiting for good counterarguments. Thanks.
Darkota, since you want so much to talk about Monero, let's talk.
Pretend I am a millionaire and want to invest in Monero.
Please answer me the following:
a) Who made Monero and why? What was their vision?
b) What had the Monero team done for privacy, before copying the Bytecoin code?
c) Are they really interested in anonymity, or did they try to cash out in the wake of DRK? Why did they make an anonymous coin in May - when DRK was already making a splash? If they were really interested in anonymity, why not earlier?
d) Can Monero scale?
e) Is Monero's PoW futureproof, for providing almost 90% of its coins in just 4 years? Why would someone invest in such a curve?
f) Why would I put my money on something with 2% daily inflation? As a currency, does it fulfill one of the basic criteria - that being an adequate store of value?
g) What is the cost to render the blockchain DOA for someone who wants to kill Monero, in terms of Bitcoins? Can a kid, a hacker, a government spend 10 BTCs and make the blockchain so bloated that it doesn't even load the wallet - killing my multi-million investment?
h) Is Monero anonymous in itself, or does it also need IP obfuscation to achieve anonymity? If it is the later, how exactly is it so anonymous, and how can you vouch for the IP obfuscation network that it will be using? Is there an IP obfuscation network that is 100% reliable for anonymity purposes? As far as I am aware, there is none.
i) Why should I pick Monero instead of Boolberry? The specs of Boolberry are superior and the dev is seemingly doing more work on his own than the Monero devs. Remember I am a buyer and I don't care about who mines what so I don't care about CPU and GPU miners.
k) What happens if the Bytecoin guys (who made the code) discover a flaw, patch it in their own coin and then kill the clones by exploiting the flaw? If they are really underground hackers that hate the Monero copycats, isn't that a real possibility?
l) What is the advancement potential given that Monero is a clone and Bytecoin is the original?
m) What assurances do I have that the codebase is solid? For all I know it's totally untested in public use, being public for 2 or 3 months. Even the boolberry dev openly declares it to be untested.
n) Is it usable by average joe?
o) Is it usable by companies and businesses?
I can ask you questions about Monero all day long if you are so inclined to advertise Monero in the DRK thread.
This one gets bookmarked.
The best pieces are actually all around the BCN and MRO threads with all the unbelieveable problems people encounter every day. If I made a list of these perls, we'd be laughing all the way to the DRKbank - but at least they are trying... heh...
For example, a while ago Mintpal added Monero and ...money isn't moving around in the chain:
Adaptive block sizing means right now it's hard to get money around in XMR chain because it is saturated. However, over the next hour the blockchain will expand its blocksize and this will be less of an issue. Please wait for your tx to be included in the blockchain.
Saturation... "Please wait for your tx"... Yep... That will scale well for prime-time use...
Darkota are you still with us?