farfiman



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LegendaryActivity: 1450Merit: 1000 Re: [ANN] [MSR] Masari - secure, private, untraceable, and fungible cryptocurrency September 07, 2017, 06:25:48 PM #6 another scam. oh well. "We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."

Martin Armstrong

thaer



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MemberActivity: 134Merit: 11 Re: [ANN] [MSR] Masari - secure, private, untraceable, and fungible cryptocurrency September 07, 2017, 06:48:56 PM

Last edit: October 21, 2018, 11:05:08 PM by thaer #11 The network has started this Saturday, with the source public since then, and only the infrastructure setup being the main bottleneck to announce on here - it is by no means a pre-announcement, as it was never planned to be a released coin.

For example, Litecoin had a few days difference between an announcement on here, and the genesis block. (edit: this claim about Litecoin was incorrect)

I understand the fear of scamcoins, and I would agree if it was the case, though there are no pre-mines in the genesis block compared to something like Sumokoin with 10% of the coins and had deliberately with-held the network from the public for almost a month.



Please feel free to ask any other questions you have.



Best,

Thaer

thaer



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MemberActivity: 134Merit: 11 Re: [ANN] [MSR] Masari - secure, private, untraceable, and fungible cryptocurrency September 07, 2017, 07:09:46 PM #14 Quote from: TheKryptonian on September 07, 2017, 07:01:08 PM Quote from: thaer on September 07, 2017, 06:48:56 PM The network has started this Saturday, with the source public since then, and only the infrastructure setup being the main bottleneck to announce on here - it is by no means a pre-announcement, as it was never planned to be a released coin.

For example, Litecoin had a few days difference between an announcement on here, and the genesis block.

I understand the fear of scamcoins, and I would agree if it was the case, though there are no pre-mines in the genesis block compared to something like Sumokoin with 10% of the coins and had deliberately with-held the network from the public for almost a month.



Please feel free to ask any other questions you have.



Best,

Thaer



So you mined 4000 blocks without announcing it (you can't call it "public" just because you posted something to your GitHub, no one was looking there except you) but you want to insist this isn't a pre-mine because it wasn't in the genesis block? Why do you think we care whether the coins were pre-mined from the genesis block vs. pre-mined by ninja mining for 3 days?



I'd love for you to convince me this isn't a scamcoin, but how do you expect anyone to believe you when you make such a bad argument? It would almost be better for you to admit you pre-mined 4000 blocks as a pre-mine, but note that if there is 1 block pet minute, then a 3-day pre-mine will be less than 1% within a year.

So you mined 4000 blocks without announcing it (you can't call it "public" just because you posted something to your GitHub, no one was looking there except you) but you want to insist this isn't a pre-mine because it wasn't in the genesis block? Why do you think we care whether the coins were pre-mined from the genesis block vs. pre-mined by ninja mining for 3 days?I'd love for you to convince me this isn't a scamcoin, but how do you expect anyone to believe you when you make such a bad argument? It would almost be better for you to admit you pre-mined 4000 blocks as a pre-mine, but note that if there is 1 block pet minute, then a 3-day pre-mine will be less than 1% within a year.

Hi there,

You are correct on the concern for post-genesis block, and I have already edited my announcement post accordingly. In the worst-case scenario I would have 0.5% of the coins. As an argument, I'll re-iterate that this is not a pre-announcement, was announced when I had the seed nodes and the corresponding website ready, and as a comparison I've stated your argument would then claim that Litecoin is also a scamcoin because it was not pre-announced on Bitcointalk.



Let me know if this clarification is satisfactory. Hi there,You are correct on the concern for post-genesis block, and I have already edited my announcement post accordingly. In the worst-case scenario I would have 0.5% of the coins. As an argument, I'll re-iterate that this is not a pre-announcement, was announced when I had the seed nodes and the corresponding website ready, and as a comparison I've stated your argument would then claim that Litecoin is also a scamcoin because it was not pre-announced on Bitcointalk.Let me know if this clarification is satisfactory.

c789



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Hero MemberActivity: 850Merit: 1000 Re: [ANN] [MSR] Masari - secure, private, untraceable, and fungible cryptocurrency September 07, 2017, 07:21:55 PM #16



If you say you didn't, I'd find that very difficult to believe since you say "Masari started off as a pet project to understand Monero's inner workings, but has turned into its own blockchain project." If you were working on it that deeply, you would have followed Monero activities closely since it, like most cryptos, has frequent code updates. That news would have been almost impossible to miss. It was all over here, redditt, coindesk...pretty much everywhere. It was big news for weeks and people still drag it up.



If you say you did know about it, then you'd know those issues have been fixed for some time, so why the need to make another coin to fix a problem that hasn't existed for the better part of this year?



There are no good answers to that question. It makes the project look either completely uniformed or out to get a fast buck. So does the premine. What I'd like to know is if you knew about https://getmonero.org/2017/04/19/an-unofficial-response-to-an-empirical-analysis-of-linkability.html before I made that post above.If you say you didn't, I'd find that very difficult to believe since you say "Masari started off as a pet project to understand Monero's inner workings, but has turned into its own blockchain project." If you were working on it that deeply, you would have followed Monero activities closely since it, like most cryptos, has frequent code updates. That news would have been almost impossible to miss. It was all over here, redditt, coindesk...pretty much everywhere. It was big news for weeks and people still drag it up.If you say you did know about it, then you'd know those issues have been fixed for some time, so why the need to make another coin to fix a problem that hasn't existed for the better part of this year?There are no good answers to that question. It makes the project look either completely uniformed or out to get a fast buck. So does the premine. Comparison of Privacy-Centric Coins: https://moneroforcash.com/monero-vs-dash-vs-zcash-vs-bitcoinmixers.php also includes Verge and Pivx