The vision was to bring CryptoNote to the masses without the two year ninja mine.
Also I'd like to add, that monero was originally made by tft, who has some relationshop with the BCN devs (they probably wanted to control the market of forks), who then stopped working with the community
Alex, they are not going to add fluff to pump and dump, this isn't dark. The anonymity in CryptoNote is working as it should, it doesn't need more features for features sake.
And the anonymity isn't flawed like
CoinJoin's one (which is essentially the tech of drk, even if eddufield don't want to credit gmaxwell)
At the moment the aim is to get the Monero blockchain scaling at a linear function to Bitcoin. I personally think that an anonymous chain can be about five times larger. The extra size is worth the anonymity, just like Bitcoin requires several million times the space on your PC as mastercard requires, the extra function of bitcoin makes it worth it. The same goes for monero. If the monero chain can scale in a linear fashion albertly being larger we'll be fine.
We're talking about real anonymity here, the chain is going to be larger.
And we shouldn't forget, that through CoinJoin the blockchain of drk and co will also meet the same problem, though not as big. following moore's law, disc space is the least of our problems, only internet speed could potentially be a problem, but that's increasing too
Actually it's not 90% Monero will have an immortal coin release, coins will never stop being minted.
I argue we need a release of about 1% a year, some others think a lower amount. This discussion is ongoing and not set in stone.
First off, it won't be 90%, but 80% with a long-term inflation not being implemented, but, as drawing the sun said, this is planned
No currency in it's first few years will be a good store of value, so many uncertainties. Even Bitcoin is not a good store of value at the moment. There has been no evidence of a nation state trying to attack Bitcoin, so we are in the dark as to how secure crypto currencies really are.
Alex, if you're truly looking for store of value, diversify into bonds, property and gold.
Cryptocurrencies will one day be a good store of value, but it's too early days to call it case closed. You make it sound like one crypto offers store of value whilst another doesn't.
Just to remind you Alex, Bitcoin is still mined and has an inflation much higher than 2%, als, as stated, nobody wants a inflation of 2%, but one of 1%. Even then, a currency can still be a store of value
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.
Not trying to be unfriendly, but you should really read first the either the
whitepaper or atleast get some basic understanding from the
cryptonote websiteThe problems drawingthesun has described also occur also with the centralized mixing drk is using, while still having a flawed anonymity
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.
The specifications are superior? How so?
And how are they seemingly more active? As far as I can tell, they are far more commits on Monero's repos
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?
It might be, who knows. I heard the team split up, who knows how good the leftovers are?
You could argue the same with Litecoin/Bitcoin. Of course, neither dev teams, would try to destroy drk, but maybe there is a bug in the wallet, which then get's fixed, but a user is then exploiting it in drk's codebase
l) What is the advancement potential given that Monero is a clone and Bytecoin is the original?
The monero team have identified many areas that need improvement and are working on them, as the monero project goes forward, one can hope more people will join the core team as more people get skin in the game.
As far as I can tell the team are working on many issues and I have confidence in what they are doing. I don't have confidence in the Bytecoin team due to their deceptive past.
The BCN code was widely obfuscated and the miner deliberately slow and the only mining pool closed source. This clean start is offeringa way better "floor" for investors and coders. Since then the Monero team has developed open-source pools, tx-auto-split, determistic wallets, 50x times faster miner, and many, many bugs