Post
Topic
Board Altcoin Discussion
Re: Is it possible to destroy Monero (XMR)?
by
dga
on 10/09/2014, 13:27:39 UTC

Right.  Someone digs up a two-post conversation from the altcoin observer thread and then the next day there's a post in the Stealthcoin thread saying they're going to implement it.  Words are cheap.

Also, they're full of you-know-what when it comes to scalability.  As smooth already pointed out in the AO thread, and I think correctly, the real benefit of a sqrt(N)-scaling ring signature scheme is stronger anonymity through larger mixins.

As it stands, the Cryptonote family doesn't scale to visa sizes even with mixin=2 (for which there's no benefit from the cited ideas), and neither does Bitcoin.

yawn yawn yawn scam yawn yawn yawn empty promises yawn yawn yawn premine.

(edit:  In addition to wishing more coins would copy Gatra's soft-start approach to block rewards used in Riecoin, more coins should copy Zoidberg's 1% ongoing dev fee from BBR.  The incentive difference between a 1% premine and 1% ongoing revenue is HUGE.  The premine invites a fast pump and dump;  the 1% ongoing revenue motivates continued long-term development.

Heck - XMR should add this so the team has food on their plates. :-)