It's like somebody insisting that Octocoin can replace Bitcoin, since hey - there is nothing in Bitcoin that wasn't in octocoin!
Sorry. Clones don't count. Only Bitcoin and Monero are legitimate coins.
I have looked far and wide, this is true and I speak with personal conviction since these are the only coins I hold permanently.
So now all alt coins are scams except Monero? I thought Monero was a clone of Bytecoin? And I asked what real innovation Monero has done over Bytecoin and still not got a clear answer, but now Monero is going to overtake Bitcoin? Confused..
You're not
actually confused, you are just advocating, because it has been explained to you before. But for others who may be reading and perhaps new to all this:
Bytecoin was enormously innovative (by unknown anonymous parties operating under the name "cryptonote") but launched in a fraudulent manner. Monero was created to take that same innovation, launch it in a non-frudulent manner, and continue development with a public and open development process, which is exactly what we have done.
Some of the other cryptonotes are indeed also frauds also launched by the original Bytecoin team (but in all cases lacking a credible public and open development process), but that's not really the point.
so all the cryptonote coins (aka competitors) are 'frauds' except Monero??
Sure I'll go down the list for those reading along:
1. Bytecoin - obvious fraud
2. Budhacoin, Paladincoin - obvious frauds that didn't exist before a month or so ago, but claim to be from 2012-2013
3. Monero - no comment
4. Boolberry - not an obvious fraud but the developer has some unknown apparent tie to the original Bytecoin fraud. Apparently intended as a non-fraudulent project, but no open process and a month late, so never got much traction. Also some questionable "innovations" that don't necessarily improve anything (for example the developer is apparently dropping his PoW "improvement" in his new project).
5. Darknote - possibly tied to the original Bytecoin fraud, but not proven. Totally opaque process, late, and little traction. Also the launch with an absurd name followed by a rename after the bulk of fast mining was pretty shady.
6. Quazarcoin, Mountcoin, Fantomcoin. All likely tied to Bytecoin. Late, no transparency, purchased dev accounts, no traction
7. rest - very late clones with no traction. Some may be tied to Bytecoin, unclear.
The technical value of Monero is 90% cryptonote (plus some other smaller things we done that are very popular with users such as deterministic wallets, or Monero-specific external projects such as MyMonero) and is 100% unique to the cryptonote ecosystem. The maturity, community, and development process value of Monero is 100% non-cryptonote and is entirely unique within the cryptonote ecosystem.
