Quote from: rikkejohn on August 24, 2014, 12:35:53 AM

Quote from: othe on August 24, 2014, 12:23:27 AM

Quote

I can't fathom dumping LTC for a coin with just a few months under its belt that is not even traded on Cryptsy.

My guess is that XMR trades about 80% of its volume on Poloniex. If true, this begs the question why a small(ish) exchange is the one with all the volume?

Why not dump a coin that brings no volume and just costs money for support...makes no sense.
First mover advantage, same reason BTC-E still has a lot of LTC volume.

Who cares about cryptsy, they take months to add non Bitcoin clones and don´t have much volume anymore.

Quote from: rikkejohn on August 24, 2014, 12:15:44 AM

The anonymity thing is rather suspect, too.

I don't use Monero, so I will give it the benefit of the doubt on the client capacities.

However, people with names send money to exchanges who require names and emails. They keep records of trades made. And as far as i know, you can't mine it in secret.

So it's not really anonymous, is it?

All altcoin exchange require are an email... no need to put your normal mail there and thats not an issue at all anyway, i also get cash from the ATM with my atm card registered on my name but can still spend the cash where i want.
I think you simply don´t understand the reason why an online currency should be like cash.

Not sure what u mean you can´t mine it in secret, the pool doesn´t see where the coins go to anyway and no one stops you to mine it through tor or whatever proxy...

Re: Mining

Your IP address is logged, and the authorities could grab that information.

Isn't Tor too slow to mine any coin?

Re: the cash analogy

The same argument applies to all the other cryptocurrencies.

Re: "All altcoin exchanges require are an email"

This is not true, many require documents, or make it so you are almost forced to leave a mobile number or whatever. Increasingly, the bigger exchanges are regulating.

What we mean by cash is that no one can look at the Monero blockchain and see who paid who. This transaction privacy is the main differentiator between Monero and Bitcoin.

This is not the case for bitcoin or any alts derived from the bitcoin codebase. All transactions are publicly viewable. In parallel to the cash analogy for Monero, you can think of using Bitcoin is like credit card transactions that have been recorded and can be reviewed by other people.

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