4. BCX killed Auroracoin (which btw rpietila invested in and asked my opinion about and I warned him it would be a pump and dump) and now he tells you what the vulnerabilities of XMR are, so these have to be taken as slightly more credible than if randomjoeblow said it.
So you were also complicit all along with the grand lie used to sucker in newbies for pumping XMR. Genuinely disappointed with the charades all around and you don't get a free pass either.
Quote
MRO (Monero)
Okay, there was a reason why I wrote on alts. Cause I have just made my first altcoin investment ever! Monero has a trait which pretty much all other alts lack: slow and geometrically decreasing issuance. At present, only 5% of MRO is mined, and even after 4 years there will still be 20% left to be mined. There is no premine, and the community consists of several people Smiley Furthermore, it is at least currently a CPU coin, since the hashing algorithm is designed to make it difficult to implement for GPU let alone ASIC. These things make it "fair" so that there is no way to amass large stashes except by working for them in the competitive mining or buying in the open market.
Okay, there was a reason why I wrote on alts. Cause I have just made my first altcoin investment ever! Monero has a trait which pretty much all other alts lack: slow and geometrically decreasing issuance. At present, only 5% of MRO is mined, and even after 4 years there will still be 20% left to be mined. There is no premine, and the community consists of several people Smiley Furthermore, it is at least currently a CPU coin, since the hashing algorithm is designed to make it difficult to implement for GPU let alone ASIC. These things make it "fair" so that there is no way to amass large stashes except by working for them in the competitive mining or buying in the open market.
tacotime, please rethink your strategy about developing for XMR. I hate to see someone of your stature in all this
I was under the impression that rpietila only invested in XMR and BTC.
Can you link or post PMs that prove your claim?
smooth corrected me by quoting where rpietila posted that he had changed his mind and didn't invest in Auroracoin.
I was nearly certain he was going to invest and assumed his did. I was pretty strongly against investing in it.
smooth corrected you ? what/how could you presume it in the first place when in the rpietila altcoin observer thread, Risto had asserted that XMR was his first altcoin and you had been a very active participant in the thread as AnonyMint? Why the backtrack now taking smooth's question for a link as the final word?
Fuzzy math .....
I didn't recall his statement about Monero being his first coin, or perhaps subconsciously I didn't believe it, because I remember he mentioned Auroracoin to me at least twice, and I was surprised that he hadn't abandoned the idea from the first time that I told him my opinion that if you distribute it for free to n00bs, too many will be sellers driving the price down.