Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
darkota
on 13/07/2014, 17:55:42 UTC
I am buying both XMR and BBR. These coins will eat the market segment from DRK and XC gradually thanks to their superior technology and more competent development team. DRK is declining. Good signal for XMR and BBR

A few observations about CN coins with superior technology:

  • No bitcoin compatibility making adoption hard.
  • No known solution for scaling for mainstream adoption. For bitcoin based coins there is mini-blockchain.
  • CN transactions can be Sybil attacked, so that you'd be mixing mostly with adversary's own generated transactions.
  • The planned I2P implementation is susceptible to timing analysis.


And, if you're holding a lot of XMR, hope the devs don't get ahold of a botnet:

If I (or any one of us) had control of a botnet we would not be involved with Monero. Trust me. We would have much more profitable fish to fry (ransomware, for instance).

No bitcoin compatibility making adoption hard
.  - So you're saying, that coins that aren't using Bitcoin's codebase, can't have their features implemented into Bitcoin itself like Bitcoin can easily implement Darkcoin's Masternode and everything else...? That's a good thing.

No known solution for scaling for mainstream adoption. For bitcoin based coins there is mini-blockchain. -  Incase you haven't noticed, Monero's blockchain is only twice as big as Bitcoin's, and even that will be Cut, as Boolberrie's was. Most people will run Light Clients(Like Bitcoin's Multibit), so they don't even have to download the whole blockchain.


CN transactions can be Sybil attacked, so that you'd be mixing mostly with adversary's own generated transactions. - This isn't even true. "You might ask, if it's impossible to determine which outputs are being spent, how can double-spending by prevented? CryptoNote solves this using a special ring signature algorithm (which is a modified version of existing signatures, so this is original cryptography and their security proof should be scrutinized — fortunately it is not too complicated) in which the real signing key has a key image associated to it, which must be published alongside the signature. This key image cannot be reversed to get the original key and deanonymize the sender, but if a double-spend is attempted, users will see that the same key image is used twice and reject the second attempt." Please read up on how Cryptonote Ring Signatures work, thanks.

The planned I2P implementation is susceptible to timing analysis. LOLLL, only the NSA can do that. You're just copying what Anonymint said, Timing Anaylsis is the Only way to try and circumvent Ring Signatures, and it's only possible by the NSA. Bitcoin itself is Not NSA Proof. Meanwhile, there are 101 ways to destroy drk's "anonymity"


Also, botnets run on 32 bit machines, 32 bit computers would make less than 0.1 XMR, per day. There have been no botnets owners having more than 20 botnets in their posession mining xmr. That'd mean they'd make AT Most, 10 xmr or so now. There are most likely no botnets mining this coin as of now.

Conclusion: You're copy/pasting info that you have no idea about, and listing them as "flaws" and I've just shown you wrong, take a look at Darkcoin, with it's trackable coinjoin/mixing "anonymity", it's Masternodes that can always be DDOSed and taken offline, thereby destroying dakcoin's "anonymity", and they can be centrazlied by one person or group + 101 more problems.