MONEROV $XMV

MONEROV FORK DATE POSTPONED

"Due to the growing demand and increasing expectations from users, trading platforms, and large mining pools, we have decided that the Snapshot date will be postponed to ~30th of April block 1564965  to facilitate third-party services requests and including these below reasons:

Overall, taking into consideration these reasons, and although MoneroV’s codebase is fully functional, we are positive that it would be best to postpone the snapshot date."

This is what the devs say...

 

"Unfortunately, Monero has suffered from several drawbacks. For example, Monero's infinite coin supply, the centralization of decision making that prevents the implementation of new features, the scaling issue of a bloated blockchain, the high transaction fees, and the growing hash rate that is mainly based on mass usage of botents and unsuspected browser based miners that prevents genuine miners to compete.

 

Some critical flaws that cannot be fixed rapidly due to Monero's voluntary donation based development process has deterred Monero’s widespread adoption. Due to these circumstances, it is better to create a hard-fork split that will indefinitely fix these problems.

 

Fixing these problems will require a dedicated team of full-time developers, which is how MoneroV was born."

This is what the skeptics say!

"If mining Monero V is not profitable due to a high cost and low reward, miners lose their incentive and will stop mining, reducing the security of the network. Tail emission ensures that a dynamic block size and fee market can develop. Without it, Monero V has no way to secure their blockchain in the longterm."

"So far it seems that MoneroV wont have much success in either gaining a good user base or grabbing hold of Monero hashrate. Neither will they manage to hurt the Monero network by exposing its inputs as an estimation shows that more than 33 percent of the inputs needs to be tainted for the network to feel it."

 

"Monero contributor Justin Ehrenhofer recommends increasing the ring size from five to eight, which would increase security but would bloat the Monero chain even more. Still he claims: “For a modest increase in fees and transaction size, we can be much more assured that Monero’s ring signatures are prepared for large chain split attacks.”

 

"While more than six percent of transactions could be compromised with a ring size of five, less than 0.8 percent would be compromised with a higher size of eight, according to Ehrenhofer’s estimates."