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Volume says it all, it's declining day by day, price dips happen in relation to BTC but can you explain the volume going to complete shit?
Volume was doing okay and actually rising again until Bitcoin broke sub $9,200. It had been at $48,000 and then went to $100,000+ until Bitcoin shit itself again. Price has been dropping with BTC so no one wants to trade. As far as I'm aware, the amount of staking coins have been increasing. No one was comparing XSPEC's features to Monero's features, I was simply using graphs to show they experienced similar drops in accordance with Bitcoin. Not surprised that went over your head.
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Does the business model have any underlying revenue generation or value support for the coin.
Or is it just a utility token with no real use?
all coins need to be used in a way that creates value (e.g. mining, lending, payments)
Or is it just a utility token with no real use?
all coins need to be used in a way that creates value (e.g. mining, lending, payments)
Good questions. XSPEC is a privacy coin so the main goal is to be able to send coins privately without being traced. Currently it works, but stealth isn't default. Someone being able to send money back home to their parents in another country, often in a region where it might not be allowed, is a possible use-case. Its a PoS coin with a 5% return so as long as the value is decent, accumulating and holding is profitable. XSPEC has some plans in the future to implement a thing called Spectrecash, but thats way down the line and not really on the agenda for now.
Bitcoin dropping + Lack of a release + FUD.
Check out XSPEC's 7-day graph compared to other popular coins, the graph is virtually the same: https://ibb.co/nNtTVH
Could you tell me which of those is Monero vs Spectrecoin vs Bitcoin? Probably not and even on longer time-frame graphs you can see that XSPEC follows a similar height and drop as many other altcoins since most alts are so grounded in Bitcoin. Basically, once Bitcoin goes back up, and a new XSPEC release drops relieving some doubt, it will likely return to the $3 it was hovering at before the Bitcoin fall. XSPEC is high risk, high reward. Do your research on all the features and FUD before you invest.
But what do I know, I'm just your typical XSPEC shill ¯\_(ツ)_/¯
Check out XSPEC's 7-day graph compared to other popular coins, the graph is virtually the same: https://ibb.co/nNtTVH
Could you tell me which of those is Monero vs Spectrecoin vs Bitcoin? Probably not and even on longer time-frame graphs you can see that XSPEC follows a similar height and drop as many other altcoins since most alts are so grounded in Bitcoin. Basically, once Bitcoin goes back up, and a new XSPEC release drops relieving some doubt, it will likely return to the $3 it was hovering at before the Bitcoin fall. XSPEC is high risk, high reward. Do your research on all the features and FUD before you invest.
But what do I know, I'm just your typical XSPEC shill ¯\_(ツ)_/¯
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You're totally ignoring what I just said. Please read what I wrote up above and respond to the question. People reading this know that you're avoiding EVERYTHING I said and they know you're dodging the question. They can see passed your BS and it makes you look uneducated to be honest.
Lets have a quiz shall we?
Greg is a user on BitcoinTalk. He claims that he only has one account. In reality, Greg has multiple accounts through BitcoinTalk. When comparing two of Greg's accounts, his main account "A" and a secondary account "B", it appears as if the IP addresses are different. He claims that there's no way that the "B" account could be his because the IP addresses are different! Name different two explanations for how Greg could own two accounts with different IP addresses. (I'm waiting)
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And those big red letters are saved for occasions when it's evident that a coin is a scam and misleading.
I didn't ask what occasions those are saved for, I asked why do you do it? Why do you need to make that stand out aside from the other information in your post?
Edit: Also, you're conveniently leaving out XSPEC went all the way to $5 and then hovered at $3 for the entire month of January. So no, your 1 month prediction was completely off.
So do you think people can't read? Why do you list "This coin is a scam" in big, bold, red letters? Or is it that the only thing you want to draw people's attention to? 
Your predictions are a joke. Did you also predict Bitcoin dropping? Can you see the future? Please, give me some more magical calls.
NXS: Dropped from $13 to $3.23
DRGN: Dropped from $5.20 to $1.15
XSPEC: Dropped from $5.51 to $.55
VEN: Dropped from $9.17 to $3.64
IOTA: Dropped from $5.31 to $1.43
All these projects must be scams because they had such significant drops in value. I can go on and on but its clear that you're trying to mislead people using price point as evidence when we're in blood market for alts. But you know that, you're just trying to mislead people.
Your predictions are a joke. Did you also predict Bitcoin dropping? Can you see the future? Please, give me some more magical calls.
NXS: Dropped from $13 to $3.23
DRGN: Dropped from $5.20 to $1.15
XSPEC: Dropped from $5.51 to $.55
VEN: Dropped from $9.17 to $3.64
IOTA: Dropped from $5.31 to $1.43
All these projects must be scams because they had such significant drops in value. I can go on and on but its clear that you're trying to mislead people using price point as evidence when we're in blood market for alts. But you know that, you're just trying to mislead people.
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Lol.
Don't avoid the question.
Don't avoid the question.
Can you read?
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I guess you'll never know for sure.
No one takes what you say seriously. You show up in every thread with a parody account with giant red letters strewn throughout your rambles. Its laughable.
This coin has a bright future. Its no secret that I believe in the project. People like you throw around the word shill as if it actually means something. Anyone invested in a coin is going to defend it. Multiple people have responded, including the dev, to the fud you and your buds keep spreading. Only thing thats going to prove you wrong is time and releases, which are coming.
Aside from that, XSPEC has had solid growth. Alt markets entered were super bullish from Dec - Jan and a retrace was expected. There are plenty of alts that have retraced to similar levels. Combine that with a lull in updates plus you and your FUD buddies, the price is around where I'd expect it for the current market atmosphere. I'm certainly buying more as this was my preferred entry into XSPEC.
XSPEC in December: $.35, $30,000 volume, and 3700 satoshis.
XSPEC now in a bear market: $.55, $200,000 volume, and 6000 satoshis.
10/10 growth, would buy again
Also, how come we only see you in XSPEC threads? Why don't you go in every thread for scam coins and talk about them?
XSPEC now in a bear market: $.55, $200,000 volume, and 6000 satoshis.
10/10 growth, would buy again
Also, how come we only see you in XSPEC threads? Why don't you go in every thread for scam coins and talk about them?
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Well your accusation that it was me that created that other username I don't take lightly. This board is anonymous in some aspects and users that create multiple accounts should be called out.
You certainly take BCT forums seriously... oh wait... you made an account modeled after the current NK dictator... now I'm confused. I guess you'll never know for sure.
There's no point in me creating it, its dumb and I can just as easily troll you without making a new account. I would guess someone got the idea from my response to you. Not sure why you're even responding to them as they are clearly trolling you.
Do you think maybe the mods aren't interested in verifying some random trolls request about IP addresses and usernames?
Do you think maybe the mods aren't interested in verifying some random trolls request about IP addresses and usernames?
Wow, 3 accounts for FUD of Spectrecoin with a terrible name, and thats just what we know about.
Thats like virgin level 1000, stay in parents basement for 3 decades, achievement unlocked status!
Thats like virgin level 1000, stay in parents basement for 3 decades, achievement unlocked status!
I can't tell if he made another account and is trolling his other account... or if hes just engaging with another troll. Either way, I'm not sure why hes entertaining responses.
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Honest to God, I will and always have bought this greatcoin. Especially after the revelations that came out the past few weeks lol.
Same, me too bro. Glad you're coming around. Can't wait for 1.4, you should join the discord and come discuss.
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Jan 13 2018: 5.46 USD
March 08 2018: 0.63 USD
March 08 2018: 0.63 USD
So every coin that dropped that much must be dead? From the height of the alt market to now, a bearish alt market? Sick stats
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You say I haven't done my research, but I have. I have read that message and it does not answer my question. Because:
1 - mid Feb jbg says it's looking good to release by the end of Feb. So he knows how much work is left and he had a plan to finish it.
2 - jbg disappears and comes back in March
3 - jbg says he needs 24h/48h hours to announce another release date. This simply means he doesn't know how much work is left.
4 - more than 48h later jbg says he's not going to say a release date as "it's not imminent". After more than 48h, he still does not know how much work is left.
5 - today jbg makes an announcement saying it will announce something about 1.4 soon. An announcement of an announcement. And he still does not know how much work is left.
Can you understand now why I am making the question? And why what he wrote and you reported doesn't answer this question at all?
1 - mid Feb jbg says it's looking good to release by the end of Feb. So he knows how much work is left and he had a plan to finish it.
2 - jbg disappears and comes back in March
3 - jbg says he needs 24h/48h hours to announce another release date. This simply means he doesn't know how much work is left.
4 - more than 48h later jbg says he's not going to say a release date as "it's not imminent". After more than 48h, he still does not know how much work is left.
5 - today jbg makes an announcement saying it will announce something about 1.4 soon. An announcement of an announcement. And he still does not know how much work is left.
Can you understand now why I am making the question? And why what he wrote and you reported doesn't answer this question at all?
I clearly explained what happened with JBG and yet somehow you still have questions. JBG said mid Feb that the end-Feb release window looked good. He planned on pulling some long days to grind through and complete it since he got set back from some 1.3 bugs. Someone close to him passed away so he stepped away for a week or two in February.
Just so you're with me: At this point that means there approximately TWO WEEKS of LONG NIGHTS finishing 1.4 left. So, when he comes back in March, he announces what happens and says 1.4 is going to be delayed. He says its going to take OVER a week, but hes not going to give an exact window because he needs to gather his thoughts and take a log of what still needs to be done and doesn't feel up to pulling long nights. He was dealing with a loss for the last two weeks, are you so daft that you'd think when he gets back he'd be 100% in the mindset of picking back up immediately? I've coded C# projects and even after a couple days its hard to get back to where I was and get a handle on things. JBG then made an official announcement about the bringing on of new developers and decentralizing the development to help whats currently ailing the project and said a 1.4 announcement will follow soon.
If you can't get a grasp on baby-fed information, you're either slow or a troll. I'm not going to bother responding to you repeating the same sentence over and over because you can't come up with a thoughtful response. This will be my last response to you because while I'll engage thoughtful discussions, this has quickly devolved into you acting like a child.
I wasn't going to reply to this nonsense but I laughed so hard at your comment:
Yet you said this in an earlier post:
Please make up your mind
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So there is one key point to be observed from your final comment, if you had truly proved me wrong you would be encouraging every one to keep this thread alive so people can see you are right and I'm wrong, yet you've just called for this thread to be left to die, there's only 1 reason a person would do this, deep down you know who's right and who's wrong here, if you proved me wrong it would do you and your coin good and you would be calling on your shills to make sure it's seen, yet you're calling for them to leave it.
Yet you said this in an earlier post:
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I try to call these threads out and call a spade a spade, but people just keep on posting in them. Does nothing but promote more FUD which surely none of us want.. the easiest way to shut these idiots down is to just let the thread go. Do we need to keep replying and going 10 pages deep on these threads? keeping them on page 1 daily.
Please make up your mind
I'm just a community member so I can only respond to what I know:
I really have no idea what you're going on about. JBG has never "mixed up" 1.4 code with Stealth Staking. Not sure what you even mean by that.
If you were actually doing your research instead of camping BCT to spread FUD about XSPEC specifically (the reason you made this account), you'd see that JBG said this when asked:
Question: Not sure why have you mentioned bug fixing for 1.3, because like two weeks ago you said 1.4. is still expected end of February?
"Originally i was thinking i could pull a crazy week and get it done. I probably got a week to a week and a half behind working on v1.3 bugfixes and i thought i could pull long days for the rest of feb and get it done but life got in the way and i could pull no days for a while and right now i'm not really up to pulling long days. It will be over a week, just to make it clear that it's not imminent. Other than that, I don't think it's a good idea for me to give any indication right at this moment, because I need to take stock of what work remains and get a clear idea myself. I'll give an update as soon as I'm able."
He followed up and said a specific announcement about 1.4 will follow in the next few days.
What? Automatic ring size determination for stealth transactions was included in the 1.3.4 update list that was bundled into 1.3.5 release.
JBG already responded to 20 years of dev experience claim, so now you've switched to "someone" now told you it was 25 years and hes in his 20's. Mandica, who knows more about JBG than you and google do, has verified that hes not in his twenties.
JBG has already made it clear that Bryce's work will be shown when the time comes with a Ghostpaper and the code. An XSPEC community "longstanding member" isn't a merit for showing someone a game-changing proof of code to.
Hahahaha, "independent reviews of his code". A random person on the internet who claims to be a software dev looking at a github repository is not as merited as you're making it out to be. Also, using the evidence YOU just provided, one of the threads states this:
It's true that it's a lot of library updating, but it's not like the developer only changed a handful of simple codelines, which preshpr1nce's thread makes it sound like.
The negative aspects for me when looking at the git repository are two things:
1. The developer is not good at commenting his commits, and even though the codebase was forked, he should also get better at commenting the code changes he makes
2. There were no commits after January 30st
However, the activity shown in the repository between December and January seems to show genuine efforts by a busy developer and the claims by preshpr1nce's post, while not being inherently wrong, seem to be largely exaggerated.
Soon JBG will only be rewarded through results-based payments from Staking Donations and then it will be up to a council to decide whether or not his changes and updates were worth the payment. Whether or not you think the 100k was worth the last few months of development work by JBG and Brycel is irrelevant because its all opinion based.
Again, not sure what you're referring to here, but before JBG's leave of absence, they had not withdrawn any XSPEC from the donation address from until recently. Which was what I assume the "no reward comment" stemmed from.
If he is thats a decision only he can make and know. As of now it looks like hes helping to develop a solid core team of developers for the project so I'd say no for the immediate future.
Not sure where this comes into play, she was the original founder of the project so I assume she holds a decent amount of coins.
I find it hilarious that in your original post you said:
Not only did you continue to respond to that thread, but you've now been a part of countless other threads while continuing to spread the same uncertainty and doubt that was the basis of your first thread. I find it laughable to claim that you have no horse in the race but yet you created a fresh account for the post and have continued to slam XSPEC since then. I appreciated the research in the first post but its clear that NOTHING is going to be good enough for you, or the other usual suspect fudders. My intentions are clear because I believe in the project, but what are yours?
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How on Earth have jbg mixed up 1.4 code with stealth staking? How long is he taking to cherry pick a few commits?
I really have no idea what you're going on about. JBG has never "mixed up" 1.4 code with Stealth Staking. Not sure what you even mean by that.
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- Why after almost a week jbg still does not know how much work is left to finish 1.4? And after 3 weeks of announcing that 1.4 was on time for the end of February?
If you were actually doing your research instead of camping BCT to spread FUD about XSPEC specifically (the reason you made this account), you'd see that JBG said this when asked:
Question: Not sure why have you mentioned bug fixing for 1.3, because like two weeks ago you said 1.4. is still expected end of February?
"Originally i was thinking i could pull a crazy week and get it done. I probably got a week to a week and a half behind working on v1.3 bugfixes and i thought i could pull long days for the rest of feb and get it done but life got in the way and i could pull no days for a while and right now i'm not really up to pulling long days. It will be over a week, just to make it clear that it's not imminent. Other than that, I don't think it's a good idea for me to give any indication right at this moment, because I need to take stock of what work remains and get a clear idea myself. I'll give an update as soon as I'm able."
He followed up and said a specific announcement about 1.4 will follow in the next few days.
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Why has jbg lied in 1.3.5 release notes saying he has implemented "Automatic ring size determination for stealth transactions"?
What? Automatic ring size determination for stealth transactions was included in the 1.3.4 update list that was bundled into 1.3.5 release.
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Why has jbg lied about his software development experience? After a private chat with him, where he was of course trying to minimise the mistake ("everyone exaggerates experience") I had a recognized loyal member of XSPEC community telling me that jbg told him he has 25 years of dev experience, and he is in his 20s. This was not exaggerating, this was lying.
JBG already responded to 20 years of dev experience claim, so now you've switched to "someone" now told you it was 25 years and hes in his 20's. Mandica, who knows more about JBG than you and google do, has verified that hes not in his twenties.
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Where is Bryce work? Can jbg show his 6 months worth of development? Maybe to some XSPEC community longstanding members?
JBG has already made it clear that Bryce's work will be shown when the time comes with a Ghostpaper and the code. An XSPEC community "longstanding member" isn't a merit for showing someone a game-changing proof of code to.
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Does jbg think it's realistic to say that learning a code base, a few library updates, UI fixes, CI and ability to send money to developer is enough work for 9 months for 1 developer (plus one developer for 6 months)? What does jbg have to say about 3 independent reviews of his code (this thread you are reading, but also here and here) where we all agree he is not working full-time? Can jbg give us some proofs of the contrary? Also some people from XSPEC community agrees on this him.
Hahahaha, "independent reviews of his code". A random person on the internet who claims to be a software dev looking at a github repository is not as merited as you're making it out to be. Also, using the evidence YOU just provided, one of the threads states this:
It's true that it's a lot of library updating, but it's not like the developer only changed a handful of simple codelines, which preshpr1nce's thread makes it sound like.
The negative aspects for me when looking at the git repository are two things:
1. The developer is not good at commenting his commits, and even though the codebase was forked, he should also get better at commenting the code changes he makes
2. There were no commits after January 30st
However, the activity shown in the repository between December and January seems to show genuine efforts by a busy developer and the claims by preshpr1nce's post, while not being inherently wrong, seem to be largely exaggerated.
Soon JBG will only be rewarded through results-based payments from Staking Donations and then it will be up to a council to decide whether or not his changes and updates were worth the payment. Whether or not you think the 100k was worth the last few months of development work by JBG and Brycel is irrelevant because its all opinion based.
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Why is jbg talking about "zero reward" from XSPEC? The donation address in control by him received so far ~100k XSPECs, which in my opinion is a very good deal for what optimistically seems a part time job for him.
Again, not sure what you're referring to here, but before JBG's leave of absence, they had not withdrawn any XSPEC from the donation address from until recently. Which was what I assume the "no reward comment" stemmed from.
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Is jbg planning to exit soon?
If he is thats a decision only he can make and know. As of now it looks like hes helping to develop a solid core team of developers for the project so I'd say no for the immediate future.
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How many coins does Mandica hold?
Not sure where this comes into play, she was the original founder of the project so I assume she holds a decent amount of coins.
I find it hilarious that in your original post you said:
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I already spent too much time on this and I need to move on 
. For this reason I don't think I am going to reply.
. For this reason I don't think I am going to reply.Not only did you continue to respond to that thread, but you've now been a part of countless other threads while continuing to spread the same uncertainty and doubt that was the basis of your first thread. I find it laughable to claim that you have no horse in the race but yet you created a fresh account for the post and have continued to slam XSPEC since then. I appreciated the research in the first post but its clear that NOTHING is going to be good enough for you, or the other usual suspect fudders. My intentions are clear because I believe in the project, but what are yours?
Update from JBG:
OK everyone, I have a short update regarding project structure. Even before I needed to take some time off, I had been discussing with a number of longstanding community members about expanding the core team and formalising some kind of "governance" over the project. Given that me taking 10 days off caused such a large disruption, it's clear that these changes need to happen quickly so that the project can keep its momentum even if one member needs to take time off. We now have an idea of what we'd like this to look like, and I'd like to share this with you all.
First, we're going to officially grow the core team to include several more people, including at least one more developer but also people with project management and marketing skills. Mandica is also back in good health and will be participating actively in the core team again. Second, we are introducing bounties to encourage much wider participation in the development of the project. This will be managed via GitHub Issues - anybody will be able to "claim" an issue and upon their successful completion of it, the bounty will be paid to them. This will be funded from the staking donations. I'm working on identifying the areas where I think bounties can be best applied and will create issues soon, but I'd also like to encourage anybody who has ideas for fixes or improvements to propose bounties. The core team will select the bounties that will be funded from staking donations, but anybody can fund a bounty if we don't select it and they want it to be worked on. We hope that these changes will "decentralise" development more effectively and also increase our rate of progress. A specific update about v1.4 will follow in the next days.
Also, once the core team is in place I want to hand control of incoming donations over to a designated person who will manage the bounties and make results-based payments to me and Bryce as well as fund anything else that needs funding. This designated person will be chosen by the core team collectively, in a public and transparent way, and will be some longstanding, well-known community member. I want to make this change for several reasons, (1) I think philosophically a clean separation of the funding and the development is a good idea, (2) the constant accusations directed at me are taking a significant toll on my wellbeing and my ability to work effectively, and hopefully this will help, (3) the designated person should be able to more clearly weigh the various needs for funding (marketing, core developers, bounties, maybe exchange listing fees, etc) rather than having it managed by a developer with a more narrow view of the project.
Once these changes occur within the next few months any scam accusations are essentially going to be null and void. Multiple developers, results based payments, donation account controlled by known community member, etc. Very nice to see and definitely eliminates any doubts I have about the project, aside from what Brycel is working on. Thats all faith for now.
OK everyone, I have a short update regarding project structure. Even before I needed to take some time off, I had been discussing with a number of longstanding community members about expanding the core team and formalising some kind of "governance" over the project. Given that me taking 10 days off caused such a large disruption, it's clear that these changes need to happen quickly so that the project can keep its momentum even if one member needs to take time off. We now have an idea of what we'd like this to look like, and I'd like to share this with you all.
First, we're going to officially grow the core team to include several more people, including at least one more developer but also people with project management and marketing skills. Mandica is also back in good health and will be participating actively in the core team again. Second, we are introducing bounties to encourage much wider participation in the development of the project. This will be managed via GitHub Issues - anybody will be able to "claim" an issue and upon their successful completion of it, the bounty will be paid to them. This will be funded from the staking donations. I'm working on identifying the areas where I think bounties can be best applied and will create issues soon, but I'd also like to encourage anybody who has ideas for fixes or improvements to propose bounties. The core team will select the bounties that will be funded from staking donations, but anybody can fund a bounty if we don't select it and they want it to be worked on. We hope that these changes will "decentralise" development more effectively and also increase our rate of progress. A specific update about v1.4 will follow in the next days.
Also, once the core team is in place I want to hand control of incoming donations over to a designated person who will manage the bounties and make results-based payments to me and Bryce as well as fund anything else that needs funding. This designated person will be chosen by the core team collectively, in a public and transparent way, and will be some longstanding, well-known community member. I want to make this change for several reasons, (1) I think philosophically a clean separation of the funding and the development is a good idea, (2) the constant accusations directed at me are taking a significant toll on my wellbeing and my ability to work effectively, and hopefully this will help, (3) the designated person should be able to more clearly weigh the various needs for funding (marketing, core developers, bounties, maybe exchange listing fees, etc) rather than having it managed by a developer with a more narrow view of the project.
Once these changes occur within the next few months any scam accusations are essentially going to be null and void. Multiple developers, results based payments, donation account controlled by known community member, etc. Very nice to see and definitely eliminates any doubts I have about the project, aside from what Brycel is working on. Thats all faith for now.
Hey guys, while we are it, I'd like to take a trip back to 2014 when someone did their research really well and made a really good argument with "proof" that Monero is a scam.
Anyone else catch the giant section where they said the developers haven't done anything in their code and aren't capable of making any real changes?
The Monero XMR Scam Uncovered
Monero is being pushed very hard everywhere in this forum. XMR supporters are radically aggressive appearing in each and every single thread, flooding the discussions, and FUDing all the coins that appear on their way. The crypto community is already dead tired of the Monero shill accounts unprecedented activity.
I'm not saying that promoting your coin is illegal activity by itself. After all, the altcoin market is 99.9% about shouting louder than everyone else. PR usually helps get it going until it suddenly burns itself out (like with Doge). However, I came across a number of stinky facts that may prove that Monero is a completely artificial bubble.
How it looks like
If you've been reading the forum thoroughly for the last months, you might have noticed a couple of things about XMR.
You might have an impression that there are a lot of XMR supporters.
You might have an impression that the trade volume is very high.
You might have an impression that the developers are active.
You might also have an impression that something is very weird about this raw newborn coin.
Most likely because every single thing you see about XMR looks artificial.
The Hypotheses
H1. Monero's posting activity is artificial
H2. Monero's trades volumes are artificial
H3. Monero's developers are not capable of developing the coin
If all of the three hypotheses hold, then I'd say that Monero is scam and/or bubble. However, let the research be fair.
H1. Monero's posting activity is artificial
Recently, I stumbled upon a thread where Spoetnik points to a WTB hero member account thread started by Come-from-Above.
Here's the thread by Come-from-Above where he claims that he is paying 5-10 BTC for Sr. Member and Hero Member accounts. And apparently he needs a substantial number of such accounts.
https://bitcointalk.org/index.php?topic=728902.0
Think about it for a moment. Why one need to buy old accounts? Hero Members make greater sense of community approval then the Newbies. If someone so respected is claiming something, plenty of users are likely to believe him. And of course,
Of course, because you're buying Hero Members to post on flood threads about TV shows, right?
Nope. You are not.
1.1. Who is the beneficiary of the bought accounts?
Let's have a look at Come-from-Above's posting activity. There is a number of the things that might point us to Monero.
Other evidence:
proof, mirror
proof, mirror (please, check out the mirror link and notice that the original post has been changed to "Monero TO THE STARS". Is someone competing with Doge's "to the moon?")
proof, mirror (how sweet!)
proof, mirror
proof, mirror
He keeps on buying large Monero sizes even when the price is stagnant. Come-from-Above has even started a new thread:
1.2. How much is the fish? A weird fact
Come-from-Above has donated 5000 XMR for the XMR GUI wallet.
Based on XMR and BTC prices on July 19,
5000 XMR = 5000 * 0.00455 = 22.75 BTC
5000 XMR = 22.75 * 627 = $14,624
Can you even imagine somebody wanting the GUI wallet so badly that he donates $14,000? For an already available totally free software? Which runs on .NET and cannot be used without an ugly extension? While the market price of such a development would be way beyond $1,000, more like 1 BTC?
I'm not even sure which of the two explanations is worse. Try answering yourself:
Case 1: a whale donating $14k to a XMR wallet developer and buying hero accounts
Case 2: a shill account pretending to have donated $14k and buying hero accounts
As a side note, the GUI wallet developer Jojatekok has quite an interesting activity history. He's commenting only on XMR thread and is mainly supporting his wallet only. Doesn't he look more like a maintainer of GUI thread to help conceal that all GUI wallets are being developed by the core team with no 3rd party developers around the coin? I do not want to seem too obsessed with the conspiracy theories, but those things just don't add up.
1.3. Compromised accs
This section is in progress
Suspect 1
Searching for compromised accounts requires a lot of time and effort but there is clear evidence already. Consider this user: Joshuar. Once he used to hate XMR:
Another evidence:
proof, mirror
Then suddenly he's in the WTB accs thread:
And then he's all for Monero:
Suspect 2
When I first saw saddambitcoin on forum, I thought he's goddamn hero member so he should be trustworthy. Apparently, he isn't.
Check out his posts in 2013. They are all so lame you would immediately recognize the account being maintained for sale.
Then suddenly, after 4 months of being absent (since December 2013 by the way) he re-appears with the different writing style and all for Monero:
Coincidence?
Other suspects
There has been a remarkable "coming-out" that claims that certain XMR accounts were run by the bot maintainers. The person claims that such users as surfer43, smooth, mickey_miner, and novag were used by the ghost writers.
proof, mirror
However, this might well be FUD.
If you happen to know any other XMR troll or sold account, share it with the community.
1.4 An interesting observation
If you were reading the recent thread where XMR trolls are accusing Bytecoin/CryptoNote, you might agree with the post below. Monero bots somehow manage to turn any discussion into the XMR PR machine:
Implications
That being said, Monero has a number of shady supporters including purchased hero accounts and shill writers. Next time you see a hero member, a senior member, or even a junior member that is posting for Monero, keep in mind that the account may actually be bought or maintained by an outsourced pr manager.
Hypothesis 1 is accepted. Monero's posting activity is likely to be largely artificial.
H2. Monero's trade volumes are artificial
Fact one large daily emission
Monero is emitted at the rate of roughly 22,000 XMR/day at the moment. At the time of writing this is roughly 78 BTC or $40,000.
Take a look at the XMR emission chart (depicted as "Bitmonero"). The emission rate is much higher than Bitcoin's or pretty much any other PoW altcoin.
Fact two botnets
Monero is largely botnet mined and that has been confirmed on a number of occasions (even by the XMR devs themselves):
1. A 4 MHash/sec botnet confirmed (you may wish to read several pages starting with the post below, as there are some speculations on botnet mining economy):
2. Two other botnet operators have been confirmed. How many botnets do those operators have? What is their hash rate? Nobody knows.
3. What's more, there is an infamous XMR silent miner issue (used as a botnet software that runs on the vulnerable PCs):
XMR silent miner is being actively sold for $10
4. Monero Stealth miner affecting PCs already in June 2014 (mirror)
5. Here's a link to the virus base with this trojan (link from the thread above): https://www.virustotal.com/en/file/e2e6b6938879142c4e35542b5fe8d3eeec7bf9e682f915213fda009097c3878e/analysis/1401909211/
6. Another report on the issue on Reddit. Check this comment.
Fact three whale support
rpietila is currently a Monero whale. Being a bitcoin millionaire he's capable of buying out large stakes of XMR that are dumped on the market. I'm not going to mirror those links, as everyone knows that rpietila is a whale and supports XMR. E.g.: https://bitcointalk.org/index.php?topic=702140
Fact four natural trend is declining
During the last 4 months that have passed since Monero launch, the price has never broken the peak. It simply fails to grow in spite of all the PR hype and fake forum activity. Of course, there are periods of growth, but have a look at the historic chart:
Below the chart you may see the trade volumes. When XMR is being traded as usual at 100 BTC volume (standard XMR market behavior), the price gradually declines. The explanation for that is fairly simple (go back to facts #1 and #2). The botnet owners are slowly dumping their coins and drive XMR market down.
Secondly, notice that upward trend coincides with the significant spikes in volume (up to 300 BTC and more). Recheck it with #1 and #3. As the natural demand can in no way match the botnet supply, someone has to step in from time to time to help get it going further. This is most likely the whale buying large XMR sizes out. Alternatively, the XMR trade volume spikes may also be someone on the core team trying to sustain the price.
Implications
That being said, XMR is likely to be mined mostly by the botnets at the rate that is not justified by the demand. Botnet owners dump the coin as it is not showing any stable growth. That's it folks, the 78 BTC of daily trades come simply from the daily emission rate being pushed to the market. No surprise, why the price is generally going down.
Why is that so? CryptoNote has created new ways for the botnet owners to profit. Monero was largely botnet mined from the inception, so the main stakeholders are basically botnet operators. How do you make sure your profits are secure? You need someone buying out those daily volumes. There are two simple ways to ensure that:
1. Artificial PR/hype through purchased hero accounts.
2. Secure yourself a whale.
This has serious implications and may actually link us back to H1 on fake marketing/PR hype. Botnet owners are securing their profits by purchasing accounts and hiring shills. However, everything they do is for just one particular purpose: profit from their botnet mined coin. They make you feel that XMR is largely supported so that you give your money to them.
It's hard to say whether XMR core team is involved. Of course, they would deny any potential connection. However, I wonder why they're not very interested with botnets and fake accounts and pretend that nothing weird is going on.
Another point is that I'm not sure why such a prominent investor and cryptocurrency activist as rpietila supports the coin with such serious issues. I assume that he was somehow tricked into believing that XMR has the future. It might also be the case that core developers are not seeing the whole picture themselces and honestly believe that Monero is actually supported by a large number of people who are willing to buy more and more Monero. However, the reality is that all these people are dead wrong. Monero is being dominated by botnet owners; everything they do with the black PR techniques is to fuel its scam growth. My last thought might be a bit brave, but could rpietila's money be the actual target of this scam scheme?
Don't worry, XMR will be deep mined in half a year. When the emission declines to 20 BTC per day, the botnet interest will disappear naturally. After they choose another victim, the Monero's black PR hype will disappear and the coin will fall down.
If you're not convinced, you may continue giving your USD to botnet owners in exchange of worthless XMR.
Hypothesis 2 is accepted. Monero's trades are artificial.
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.
Monero is being pushed very hard everywhere in this forum. XMR supporters are radically aggressive appearing in each and every single thread, flooding the discussions, and FUDing all the coins that appear on their way. The crypto community is already dead tired of the Monero shill accounts unprecedented activity.
I'm not saying that promoting your coin is illegal activity by itself. After all, the altcoin market is 99.9% about shouting louder than everyone else. PR usually helps get it going until it suddenly burns itself out (like with Doge). However, I came across a number of stinky facts that may prove that Monero is a completely artificial bubble.
How it looks like
If you've been reading the forum thoroughly for the last months, you might have noticed a couple of things about XMR.
You might have an impression that there are a lot of XMR supporters.
You might have an impression that the trade volume is very high.
You might have an impression that the developers are active.
You might also have an impression that something is very weird about this raw newborn coin.
Most likely because every single thing you see about XMR looks artificial.
The Hypotheses
H1. Monero's posting activity is artificial
H2. Monero's trades volumes are artificial
H3. Monero's developers are not capable of developing the coin
If all of the three hypotheses hold, then I'd say that Monero is scam and/or bubble. However, let the research be fair.
H1. Monero's posting activity is artificial
Recently, I stumbled upon a thread where Spoetnik points to a WTB hero member account thread started by Come-from-Above.
Here's the thread by Come-from-Above where he claims that he is paying 5-10 BTC for Sr. Member and Hero Member accounts. And apparently he needs a substantial number of such accounts.
https://bitcointalk.org/index.php?topic=728902.0
Think about it for a moment. Why one need to buy old accounts? Hero Members make greater sense of community approval then the Newbies. If someone so respected is claiming something, plenty of users are likely to believe him. And of course,
Quote
these accs are NOT used for bad causes, just my opinions and forum presences Smiley
Of course, because you're buying Hero Members to post on flood threads about TV shows, right?
Nope. You are not.
1.1. Who is the beneficiary of the bought accounts?
Let's have a look at Come-from-Above's posting activity. There is a number of the things that might point us to Monero.
Other evidence:
proof, mirror
proof, mirror (please, check out the mirror link and notice that the original post has been changed to "Monero TO THE STARS". Is someone competing with Doge's "to the moon?")
proof, mirror (how sweet!)
proof, mirror
proof, mirror
He keeps on buying large Monero sizes even when the price is stagnant. Come-from-Above has even started a new thread:
1.2. How much is the fish? A weird fact
Come-from-Above has donated 5000 XMR for the XMR GUI wallet.
Based on XMR and BTC prices on July 19,
5000 XMR = 5000 * 0.00455 = 22.75 BTC
5000 XMR = 22.75 * 627 = $14,624
Can you even imagine somebody wanting the GUI wallet so badly that he donates $14,000? For an already available totally free software? Which runs on .NET and cannot be used without an ugly extension? While the market price of such a development would be way beyond $1,000, more like 1 BTC?
I'm not even sure which of the two explanations is worse. Try answering yourself:
Case 1: a whale donating $14k to a XMR wallet developer and buying hero accounts
Case 2: a shill account pretending to have donated $14k and buying hero accounts
As a side note, the GUI wallet developer Jojatekok has quite an interesting activity history. He's commenting only on XMR thread and is mainly supporting his wallet only. Doesn't he look more like a maintainer of GUI thread to help conceal that all GUI wallets are being developed by the core team with no 3rd party developers around the coin? I do not want to seem too obsessed with the conspiracy theories, but those things just don't add up.
1.3. Compromised accs
This section is in progress
Suspect 1
Searching for compromised accounts requires a lot of time and effort but there is clear evidence already. Consider this user: Joshuar. Once he used to hate XMR:
Another evidence:
proof, mirror
Then suddenly he's in the WTB accs thread:
And then he's all for Monero:
Suspect 2
When I first saw saddambitcoin on forum, I thought he's goddamn hero member so he should be trustworthy. Apparently, he isn't.
Check out his posts in 2013. They are all so lame you would immediately recognize the account being maintained for sale.
Then suddenly, after 4 months of being absent (since December 2013 by the way) he re-appears with the different writing style and all for Monero:
Coincidence?
Other suspects
There has been a remarkable "coming-out" that claims that certain XMR accounts were run by the bot maintainers. The person claims that such users as surfer43, smooth, mickey_miner, and novag were used by the ghost writers.
proof, mirror
However, this might well be FUD.
If you happen to know any other XMR troll or sold account, share it with the community.
1.4 An interesting observation
If you were reading the recent thread where XMR trolls are accusing Bytecoin/CryptoNote, you might agree with the post below. Monero bots somehow manage to turn any discussion into the XMR PR machine:
Implications
That being said, Monero has a number of shady supporters including purchased hero accounts and shill writers. Next time you see a hero member, a senior member, or even a junior member that is posting for Monero, keep in mind that the account may actually be bought or maintained by an outsourced pr manager.
Hypothesis 1 is accepted. Monero's posting activity is likely to be largely artificial.
H2. Monero's trade volumes are artificial
Fact one large daily emission
Monero is emitted at the rate of roughly 22,000 XMR/day at the moment. At the time of writing this is roughly 78 BTC or $40,000.
Take a look at the XMR emission chart (depicted as "Bitmonero"). The emission rate is much higher than Bitcoin's or pretty much any other PoW altcoin.
Fact two botnets
Monero is largely botnet mined and that has been confirmed on a number of occasions (even by the XMR devs themselves):
1. A 4 MHash/sec botnet confirmed (you may wish to read several pages starting with the post below, as there are some speculations on botnet mining economy):
2. Two other botnet operators have been confirmed. How many botnets do those operators have? What is their hash rate? Nobody knows.
3. What's more, there is an infamous XMR silent miner issue (used as a botnet software that runs on the vulnerable PCs):
XMR silent miner is being actively sold for $10
4. Monero Stealth miner affecting PCs already in June 2014 (mirror)
5. Here's a link to the virus base with this trojan (link from the thread above): https://www.virustotal.com/en/file/e2e6b6938879142c4e35542b5fe8d3eeec7bf9e682f915213fda009097c3878e/analysis/1401909211/
6. Another report on the issue on Reddit. Check this comment.
Fact three whale support
rpietila is currently a Monero whale. Being a bitcoin millionaire he's capable of buying out large stakes of XMR that are dumped on the market. I'm not going to mirror those links, as everyone knows that rpietila is a whale and supports XMR. E.g.: https://bitcointalk.org/index.php?topic=702140
Fact four natural trend is declining
During the last 4 months that have passed since Monero launch, the price has never broken the peak. It simply fails to grow in spite of all the PR hype and fake forum activity. Of course, there are periods of growth, but have a look at the historic chart:
Below the chart you may see the trade volumes. When XMR is being traded as usual at 100 BTC volume (standard XMR market behavior), the price gradually declines. The explanation for that is fairly simple (go back to facts #1 and #2). The botnet owners are slowly dumping their coins and drive XMR market down.
Secondly, notice that upward trend coincides with the significant spikes in volume (up to 300 BTC and more). Recheck it with #1 and #3. As the natural demand can in no way match the botnet supply, someone has to step in from time to time to help get it going further. This is most likely the whale buying large XMR sizes out. Alternatively, the XMR trade volume spikes may also be someone on the core team trying to sustain the price.
Implications
That being said, XMR is likely to be mined mostly by the botnets at the rate that is not justified by the demand. Botnet owners dump the coin as it is not showing any stable growth. That's it folks, the 78 BTC of daily trades come simply from the daily emission rate being pushed to the market. No surprise, why the price is generally going down.
Why is that so? CryptoNote has created new ways for the botnet owners to profit. Monero was largely botnet mined from the inception, so the main stakeholders are basically botnet operators. How do you make sure your profits are secure? You need someone buying out those daily volumes. There are two simple ways to ensure that:
1. Artificial PR/hype through purchased hero accounts.
2. Secure yourself a whale.
This has serious implications and may actually link us back to H1 on fake marketing/PR hype. Botnet owners are securing their profits by purchasing accounts and hiring shills. However, everything they do is for just one particular purpose: profit from their botnet mined coin. They make you feel that XMR is largely supported so that you give your money to them.
It's hard to say whether XMR core team is involved. Of course, they would deny any potential connection. However, I wonder why they're not very interested with botnets and fake accounts and pretend that nothing weird is going on.
Another point is that I'm not sure why such a prominent investor and cryptocurrency activist as rpietila supports the coin with such serious issues. I assume that he was somehow tricked into believing that XMR has the future. It might also be the case that core developers are not seeing the whole picture themselces and honestly believe that Monero is actually supported by a large number of people who are willing to buy more and more Monero. However, the reality is that all these people are dead wrong. Monero is being dominated by botnet owners; everything they do with the black PR techniques is to fuel its scam growth. My last thought might be a bit brave, but could rpietila's money be the actual target of this scam scheme?
Don't worry, XMR will be deep mined in half a year. When the emission declines to 20 BTC per day, the botnet interest will disappear naturally. After they choose another victim, the Monero's black PR hype will disappear and the coin will fall down.
If you're not convinced, you may continue giving your USD to botnet owners in exchange of worthless XMR.
Hypothesis 2 is accepted. Monero's trades are artificial.
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).
- 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.
Anyone else catch the giant section where they said the developers haven't done anything in their code and aren't capable of making any real changes?
Quote
The initial project manager payed jbg to START with, now he owns the project and isn't being payed, had to sell funds for a flight recently yet can afford to hire a developer?
I can't attest to Mandica paying JBG to start, I don't remember seeing something about that anywhere, but Brycel was originally paid out of pocket by Mandica. JBG was originally funded through donation campaigns that the slack community raised, and now is funded through the donation slider in the wallet. So, technically he is being paid by the community. JBG has said to bring on another developer there will need to be an additional amount brought in through direct donations to that dev or through staking to pay them obviously (unless of course the new dev will work for little). JBG doesn't "own" the project, no idea why you think that. He is the lead developer on the UI/main code side of things. He is fully open to bringing on additional developers. He had to "sell funds" because he hadn't pulled any out from the donation address before that from my understanding. So essentially he hadn't taken a paycheck from the donation implementation until now.
Quote
jbg is in his 20s, claims 20+ years dev experience,
"This is the most true thing in the post. I've never said anything about my age (at least as far as I remember), but I've said I have 20 years experience. In reality, if you actually go back through my CV, I've only been working on software development since about 15 years ago, of which 2-3 of those years were spent part-time and the rest full-time. I rounded up (which is hardly rare), but I shouldn't have, and I won't be claiming 20 years any more."
Quote
you can clearly go through this code and see jbg has done nearly nothing in his time yet claims to work full time, the changes he has made and hyped as big features or bug fixes are less than a days work, the code does not lie, any one with the slight ability to read code can see this themselves
"the long version is, they're using this idea that "library updates" and "build system improvements" are not serious work to try to discredit the work i've been doing. that stuff is critically important. you can't add a floor to your house if you don't beef up the foundations first"
Quote
as I said the absolute easiest way to put this to rest is to discredit the code findings
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No one has said this has anything to do with 1.4, based on what we've seen though it's fair to make assumptions.
This is the biggest indicator you don't care about the project following through. The whole point is that 1.4 will be able to solve a lot of problems you have with JBG not doing a lot of work on the project. So then how about you wait for 1.4 to be fully released and then you can spend your time analyzing the code all you want. Because as of now, you spend all your time on BCT trying to "save" people from investing in XSPEC for what? Out of the goodness of your heart? I find that hard to believe. You anti-shill XSPEC more than most people shill it. Why aren't you spending your time on all threads about scam coins?
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How do you know they are hiring another developer?
Where did I claim that I knew they are, for sure, hiring another developer? I said they are open to bringing on more developers but we'd have to find a way to fund it. If JBG is a scammer then he only has a limited amount of time before hes found out. Not sure why a scammer would be so open to bringing on more experienced developers who could easily see if JBG wasn't doing any work.
"if we want to bring in another experienced full-time dev i guess we are looking at at least 2000 xspec per month more but, maybe there are some skilled people who would do it for less. Plenty of people have less experience but plenty of capability, and if we are reviewing their code it's not such a big problem if they are a bit less experienced"
"Hopefully we can also bring some more developers on, develop a more regimented development process where things are in small, well-labelled commits and pushed regularly. we basically want to have as many developers as possible working on the project, but with the core team (bryce and I, and hopefully a few more people) vetting the code. I recognise that we need to make our development more regimented and auditable and i'm working on it."
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you're silly if you think your words will have more impact on coin price than what's already happened, people are smarter than this and it's showing in the recent dumps, as of now it's a highly volatile coin and a horrible investment
Sounds like a whole lot of opinion coming from you. A lot of alts are down right now, the whole market is volatile. There's also a whole bunch of people that think its a good investment at this price. I don't think my words have ANY impact on the price though. This is just one of the many projects I believe in and my voice is but a drop in the ocean of voices. I don't think that XSPEC is the best project in the world, JBG is regularly late with updates but usually delivers. Stealth staking is innovative but as of right now is up in the air for whether or not Brycel will actually deliver results. There is a shit ton of risk associated with this project but any investor will weigh that into their decision on whether or not to invest. Again, I know there is a risk this project could tank to 0 if results aren't delivered, but I believe theres a decent chance that they could deliver and my faith will be rewarded.
Anyone developers looking to help with this project are encouraged to join the discord and talk with JBG about whether or not they could contribute with the project.
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To compare, all of the above quotes are nothing but speculation from people doing no research or providing anything more than an opinion.
Those people DID do research and at the time believed Monero had proved nothing that made it valuable as a coin. I'm not saying XSPEC will follow the same path for success, but the arguments sound very familiar. If 1.4 is released there will actually be code available to parse other than foundation updates needed for 1.4/2.0. If 2.0 is actually released... well, it won't matter because anyone who didn't invest will have missed their entry point.
Anyone notice how he avoided what it would take for him to stop believing its a scam?
Probably because its not about the project itself. Its about spreading that sweet, sweet FUD.I'm just curious, what will it take you to believe XSPEC isn't a scam? Will the 1.4 release satisfy you as to the progress JBG is making? Adding another developer? Successfully completing Stealth Staking? Where does it stop for you?
I find it funny that the 25 cent Monero thread has resurfaced in the last few days, take a look at what some of the people were saying about Monero when it was 25 cents:
My personal favorite:
Sound familiar everyone? Monero was a "shit-coin" until it wasn't. If XSPEC actually delivers, the price is going to reflect it and a lot of early adopters are going to be very happy with their investment. I was definitely concerned with all of the recent threads about JBG but he reasonably defended himself and I trusted his responses. I'm eagerly awaiting 1.4 release which I hope will help stop the endless FUD being spread by the same 3 people. Call me an XSPEC shill if you like, I'm invested in quite a few coins and XSPEC is one of them and I believe in the project. Its not a secret. Make a decision based off your personal risk. For me, either XSPEC is going to be worthless if JBG/team doesn't deliver, or its going to the moon and beyond if they actually deliver stealth staking. I'll take that risk because I spend money on dumb shit now anyway so I might as well take a gamble that could pay off big.
I find it funny that the 25 cent Monero thread has resurfaced in the last few days, take a look at what some of the people were saying about Monero when it was 25 cents:
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can't believe this shit coin has its own market at poloniex, makes the whole site unprofessional.
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Monero is pump and dump. No noticeable features except for HYPE.
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Under 25c? I'm waiting for zero and for it to fuck off so we can be left in peace.
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Monero bagholer cult is hilarious. Nobody cares Smiley
My personal favorite:
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You should do a bit more reading and not listen to the monero shills with their endless, inane threads.
Sound familiar everyone? Monero was a "shit-coin" until it wasn't. If XSPEC actually delivers, the price is going to reflect it and a lot of early adopters are going to be very happy with their investment. I was definitely concerned with all of the recent threads about JBG but he reasonably defended himself and I trusted his responses. I'm eagerly awaiting 1.4 release which I hope will help stop the endless FUD being spread by the same 3 people. Call me an XSPEC shill if you like, I'm invested in quite a few coins and XSPEC is one of them and I believe in the project. Its not a secret. Make a decision based off your personal risk. For me, either XSPEC is going to be worthless if JBG/team doesn't deliver, or its going to the moon and beyond if they actually deliver stealth staking. I'll take that risk because I spend money on dumb shit now anyway so I might as well take a gamble that could pay off big.
I encourage anyone thinking of buying to wait until 1.4 is released. But once (if) that happens the price will probably be $1-$2 higher than it is now. JBG (the lead dev) on the discord* said that they're now looking into bringing on an outside developer with C++ experience. Hopefully that will kill some of the FUD being spread around, I know it will quell some of my worries. Still lots more to prove, but I'm patient and I think it will pay off.
Anyone telling you with 100% certainty that this is a scam has ulterior motives, just as anyone telling you that Stealth Staking is 100% a sure thing also does as well. Do your own research, wait for more meaty releases, and make a decision on your own accord.
Anyone telling you with 100% certainty that this is a scam has ulterior motives, just as anyone telling you that Stealth Staking is 100% a sure thing also does as well. Do your own research, wait for more meaty releases, and make a decision on your own accord.