H3. Monero's developers are not capable of developing the coin
The XMR team in their missives report a lot of work being done. However, we haven't seen any meaningful update for the last several months. Of course, the work on GUI wallet is in progress, buy GUI is not related to the underlying protocol, which XMR copied form Bytecoin and apparently cannot maintain any further.
Evidence 1 bullshit Monero missives
Have a glance at the compilation of XMR missives. How many of them are meaningful? The problem is that XMR devs are good at creating the illusion of development while not touching any underlying module (unlike Bytecoin which e.g. implemented multisigs and reworked so many code lines in a month that GitHub cannot even show the diff).
The truth is, among all the well-promoted XMR "development" activities, they've only managed so far to release transaction splitting and deterministic wallet. Everything else you see is either an irrelevant micro change or "a work in progress", which has never been released. It's easy to make an illusion of hardwork development going on, but the fact is XMR developers are not delivering.
Take i2p integration as an example:
This situation is the best evidence. XMR devs are incompetent. Their "partnership" with i2p was yet another hype.
Evidence 2 - bugs
XMR devs roll out an undergraduate level C++ bug that might end up with users' money being lost:
Evidence 3 - copy&paste
XMR devs used to copy&paste code from other repositories (mostly, Bytecoin & Boolberry) without attribution.
Here is a pastebin of the Reddit post deleted from XMR subreddit.
Monero XMR devs are copycats
Bytecoin GitHub commit (5/15/2014): https://github.com/amjuarez/bytecoin/commit/baaa3484271e11398790bbf01ee4d7b19c68e3bb#diff-74021cb60bde0670646eb96a91e4443cR707
Monero GitHub commit (5/25/2014):https://github.com/monero-project/bitmonero/commit/3a3a8176782a4fa75b0607fba0393c9d4a1746be#diff-74021cb60bde0670646eb96a91e4443cR707
After that Monero guys made a huuuuge PR company "Look what we have done to technology! We've fixed the bug while BCN devs haven't!".
Congrats! You guys are so good at copy and paste! And you are super-pro at stealing ideas and passing them off as your own (from the very beginning of BitMonero, lol)
I just want all MRO fans/investors to know about it.
XMR copies the code from BCN, but trolls to death anyone who does the same to their code. One particular case is out of all proportions. Here XMR devs blame XDN devs for breaking the copyright. However, it turns out that the code in question was originally developed by BCN and taken by XMR without attribution.
Evidence 4 unable to even launch Monero
You may not know it kids, but Monero was originally launched as Bitmonero on April 18th by thankful_for_today: the original thread (mirror).
What happened next is a bit of a mystery as thankful_for_today was absent for a couple of days only to find out that Bitmonero was taken over by the "community" and renamed to Monero. This implies that current XMR devs were even unable to launch their coin, which forced them to hijack the website and the github. They have just decided to exclude thankful_for_today from the team and that is how Monero was born.
That's it. The XMR core team knows the CryptoNote protocol that bad they couldn't even launch Bytecoin's fork themselves.
Evidence 5 - external opinions
All of this might well be the reason why the observers believe that XMR devs are incompetent
Help us get more unbiased opinions on XMR devs' capabilities
Implications
The XMR devs are not capable of maintaining their coin as they simply do not grasp CryptoNote tech in full. Bytecoin developers are the ones who created it and keep contributing. Having such an enemy is very scary if you cannot develop the protocol yourself. And that is why XMR bagholders are so cruel to both Bytecoin and CryptoNote. They don't need such an enemy, they aim to discredit it. No matter what it takes.
If we go back to H1 & H2, we can conclude that everything you see about Monero is fake. The Monero developers are not able to maintain and update the coin they've hijacked from thankful_for_today. In the meantime, botnet owners secure their profits by promoting XMR through purchased accounts, black PR, and fake trades. They continue to lure you into investing into their botnet mined currency so that they can profit.
There is no way to tell whether XMR developers are related to the botnet owners, but the reality is that each time you invest your money into XMR you are giving it away to the botnet owners.
Hypothesis 3 is accepted. Monero devs are not capable of Monero development (at least as of now).
Conclusions & TL-DR
1. Monero is largely botnet mined.
2. The trade volume on the exchanges is artificial and is mostly created by the botnet owners that are constantly selling the coin to those who has fell into their fake PR hype. Occasionally the exchange rate is saved by the XMR whale. Fundamentally, XMR is doomed to have a negative trend.
3. The PR activity on this forum is fake. The Monero community is much smaller than XMR shills pretend it to be. There are a lot of purchased hero and senior member accounts and relentless black PR activities. Everything is aimed at making you part with your money to supporting botnet operators by investing in XMR.
4. XMR devs cannot make any significant updates/improvements to the CryptoNote protocol and are doomed to stick to PR hype only while helping the botnets profit.
Based on the evidence above you are free to make your own conclusions.
If you manage to read the whole post, you will understand that XMR is a scam coin that you should avoid. There are no fundamentals for it to grow and develop and we're going to see XMR value go down to zero in the next half a year. Hopefully, afterwards this forum will finally have a break from their shills.
The XMR team in their missives report a lot of work being done. However, we haven't seen any meaningful update for the last several months. Of course, the work on GUI wallet is in progress, buy GUI is not related to the underlying protocol, which XMR copied form Bytecoin and apparently cannot maintain any further.
Evidence 1 bullshit Monero missives
Have a glance at the compilation of XMR missives. How many of them are meaningful? The problem is that XMR devs are good at creating the illusion of development while not touching any underlying module (unlike Bytecoin which e.g. implemented multisigs and reworked so many code lines in a month that GitHub cannot even show the diff).
- Jun 2nd - nothing special
- Jun 10th - determenistic wallet is a nice usability improvement to add but it has nothing to do with the protocol
- Jun 18th - nothing special
- Jun 27th - transaction splitting is somewhat close to the hardcore work
- July 6th nothing at all
- July 20th nothing special
- July 23rd nothing special
- August 3rd nothing special
- August 10th nothing special
- August 16th nothing special
The truth is, among all the well-promoted XMR "development" activities, they've only managed so far to release transaction splitting and deterministic wallet. Everything else you see is either an irrelevant micro change or "a work in progress", which has never been released. It's easy to make an illusion of hardwork development going on, but the fact is XMR developers are not delivering.
Take i2p integration as an example:
- Long promoted (mirror)
- Never released
- i2p switches to Anoncoin
This situation is the best evidence. XMR devs are incompetent. Their "partnership" with i2p was yet another hype.
Evidence 2 - bugs
XMR devs roll out an undergraduate level C++ bug that might end up with users' money being lost:
Evidence 3 - copy&paste
XMR devs used to copy&paste code from other repositories (mostly, Bytecoin & Boolberry) without attribution.
Here is a pastebin of the Reddit post deleted from XMR subreddit.
Quote
Monero XMR devs are copycats
Bytecoin GitHub commit (5/15/2014): https://github.com/amjuarez/bytecoin/commit/baaa3484271e11398790bbf01ee4d7b19c68e3bb#diff-74021cb60bde0670646eb96a91e4443cR707
Monero GitHub commit (5/25/2014):https://github.com/monero-project/bitmonero/commit/3a3a8176782a4fa75b0607fba0393c9d4a1746be#diff-74021cb60bde0670646eb96a91e4443cR707
After that Monero guys made a huuuuge PR company "Look what we have done to technology! We've fixed the bug while BCN devs haven't!".
Congrats! You guys are so good at copy and paste! And you are super-pro at stealing ideas and passing them off as your own (from the very beginning of BitMonero, lol)
I just want all MRO fans/investors to know about it.
XMR copies the code from BCN, but trolls to death anyone who does the same to their code. One particular case is out of all proportions. Here XMR devs blame XDN devs for breaking the copyright. However, it turns out that the code in question was originally developed by BCN and taken by XMR without attribution.
Evidence 4 unable to even launch Monero
You may not know it kids, but Monero was originally launched as Bitmonero on April 18th by thankful_for_today: the original thread (mirror).
What happened next is a bit of a mystery as thankful_for_today was absent for a couple of days only to find out that Bitmonero was taken over by the "community" and renamed to Monero. This implies that current XMR devs were even unable to launch their coin, which forced them to hijack the website and the github. They have just decided to exclude thankful_for_today from the team and that is how Monero was born.
That's it. The XMR core team knows the CryptoNote protocol that bad they couldn't even launch Bytecoin's fork themselves.
Evidence 5 - external opinions
All of this might well be the reason why the observers believe that XMR devs are incompetent
Help us get more unbiased opinions on XMR devs' capabilities
Implications
The XMR devs are not capable of maintaining their coin as they simply do not grasp CryptoNote tech in full. Bytecoin developers are the ones who created it and keep contributing. Having such an enemy is very scary if you cannot develop the protocol yourself. And that is why XMR bagholders are so cruel to both Bytecoin and CryptoNote. They don't need such an enemy, they aim to discredit it. No matter what it takes.
If we go back to H1 & H2, we can conclude that everything you see about Monero is fake. The Monero developers are not able to maintain and update the coin they've hijacked from thankful_for_today. In the meantime, botnet owners secure their profits by promoting XMR through purchased accounts, black PR, and fake trades. They continue to lure you into investing into their botnet mined currency so that they can profit.
There is no way to tell whether XMR developers are related to the botnet owners, but the reality is that each time you invest your money into XMR you are giving it away to the botnet owners.
Hypothesis 3 is accepted. Monero devs are not capable of Monero development (at least as of now).
Conclusions & TL-DR
1. Monero is largely botnet mined.
2. The trade volume on the exchanges is artificial and is mostly created by the botnet owners that are constantly selling the coin to those who has fell into their fake PR hype. Occasionally the exchange rate is saved by the XMR whale. Fundamentally, XMR is doomed to have a negative trend.
3. The PR activity on this forum is fake. The Monero community is much smaller than XMR shills pretend it to be. There are a lot of purchased hero and senior member accounts and relentless black PR activities. Everything is aimed at making you part with your money to supporting botnet operators by investing in XMR.
4. XMR devs cannot make any significant updates/improvements to the CryptoNote protocol and are doomed to stick to PR hype only while helping the botnets profit.
Based on the evidence above you are free to make your own conclusions.
If you manage to read the whole post, you will understand that XMR is a scam coin that you should avoid. There are no fundamentals for it to grow and develop and we're going to see XMR value go down to zero in the next half a year. Hopefully, afterwards this forum will finally have a break from their shills.