I have questions about this coin.
1. Who are the developers? Are the developers committed on this coin? How many are you?
2. Which monero-fork can you compare Masari?
3. There are just too many cryptonote coin launches this month. Is this superior on other bytecoin forks out there?
4. It is suspicious to have the developer mine the first 4k blocks, How are you going to manage that huge amount of coins. Is it for bounty, development, marketing or personal pocket?
(but personally I think thats better than to have pre-mine. At least you consume resources in getting that amount of coins)
5. What's your plan? Is there any or just pull commits on monero?
6. How competent are the developers? skill and knowledge-wise?
I'm sure I'm not the only one having these questions. Hope you can give some light on doubters.
Thanks.
Hi oslak,
1. I'm the main developer, with two more core developers being on-boarded - updates will be posted when things are set in stone.
2. This is noted in the first post - Masari uses Monero's v0.11.0.0 release, and everything has been refactored to use the latest protocol (with minor adjustments). The only other Monero forks out there are Aeon, and Sumokoin, with Masari being more comparable to Aeon.
3. Short answer, yes. Bytecoin forks are a dime a dozen because of the Forknote project, and Monero is superior in all regards.
4. This concern has been also noted in the first post: Masari had no pre-announcement, but was announced promptly nonetheless (< 5 days, delayed by logistics and infrastructure requirements).
- The network was public before announcement on Bitcointalk and had almost a 2 kH/s hash rate (~15-20 machines).
- There will be over 2.6 million blocks before tail emission kicks in - the 4k blocks in contention are insignificant (~0.5%), are unheard of as a "pre-mine", and there are already individual early miners in the public pools that hold a higher percentage of coins than that (there are ~22k blocks mined at the moment) .
- I've spent over $1,000 in initial infrastructure cost this last month, everything has been out of pocket, will continue to be for some time, and I've asked no help regarding this matter.
5. Please read the announcement page, as it outlines first initiatives for Masari.
6. My industry experience has mostly revolved around Distributed Systems, and I've noted the relevant experience of others to be involved in the announcement page.
I've already touched on all of these in the announcement page, so please give it a read.
I hope these answer your questions, and feel free to come chat with me and the community in our Slack group!
Cheers,
Thaer