CryptoNote Handout II

Sequoia Capital China

Monero

Total Supply: 18,446,744

Current Supply: 3,499,242 (19%)

PoW: CryptoNight

Price Per Unit: 0.00365

Market cap: 12,772 BTC

Minting period: 50% distributed within 365 days from current date. ~90% within 4 years. 

BoolBerry

Total Supply: 18,446,744

Current Supply: 1,480,408 (8%) 

PoW: Wild Keccak

Price Per Unit: 0.000765

Market cap: 1,132 BTC

Minting period: 50% distributed within 3 years from current date. ~90% within 10 years

Pricing comparison

Currently we notice a significant difference between the pricing of these competing CryptoNote investment schemes

Boolberry Price-per-unit (PPU) is ~79% lower than Monero  whilst the market cap is  ~92% lower.

 

Currently Monero market cap is ~11.2x Higher than Boolberry. It should be noted that the block interval of Monero

is twice the rate of Boolberry, taking that into account  Monero finalizes with ~5.64 x  market cap

at the end of emission period (fully minted supply). Assuming no change in market conditions

This is a considerable discrepancy given the fundamentals.  We consider high possibility of this gap decreasing.

 

We assume the reader is already comfortable with niche microcaps and introduced to cryptonote currency in particular

 as per our previous paper

 

 

 

Monero

Mining client rating:  C

Selection of CPU/GPU miners to choose from

(negative points for published closed source/ mandatory donation miners with as much as 5% being diverted to developer)

Boolberry

Miner clients rating:  B

Selection of CPU/GPU miners to choose from

(all published miners are open-source & not diverting percentage of earnings to developer)

.

Mining comparison- Pickaxes

Monero

Rating: C

Blockchain can not be trimmed. Block interval is shorter resulting in a larger chain. Developers are aiming to reduce size by moving blockchain out of RAM and into embedded database. (This is a solution that could, and will be adopted by competing currencies without a hardfork)

 

Boolberry

Rating: B

Blockchain can, and has been trimmed: Resulting in a filesize reduction of up to 70% (before embedding into db). A competing coin will need to hardfork to emulate

http://boolberry.org/files/Boolberry_Reduces_Blockchain_Bloat.pdf

https://bitcointalk.org/index.php?topic=577267.msg8744252#msg8744252

 

Current blockchain size, XMR: ~2.5gb

Current blockchain size, BBR: ~296mb

Blockchain size comparison

Monero

Sync speed rating: C 

Time: 02:38:06.53814 ->  02:40:47.293056, 

161 seconds - 
1568 transactions

 (coinbase transactions not included)

Boolberry

Sync speed rating: A 

Time: 02:42:48.239414 ->  02:43:28.121978, 

40 seconds 
1564 transactions (coinbase transactions not included)

BoolBerry blockchain syncs  ~4x Faster .

(largely due to block interval and wild keccak PoW). 

Blockchain size comparison

Monero

Usability: Officially command line only.

Unofficial third party GUI's released

Preview interface (placeholder) released 

Aliasing: DNS TXT records (pro's: -  no management required claimant disputes/lost alias, zero upkeep effort, low cost, portable ) cons (vulnerable to local attacks even with DNSSEC,  Anonymity reduction ,linked to domain rather than nyms. E.G XMR: microsoft.com BBR: @microsoft)  

Boolberry

Usability: GUI available by default

Aliasing: blockchain based (pro's - lower reduction in anonymity, no requirement for domain, @microsoft instead of @microsoft.com (although both are possible) Cons- no owner verification, prone to the same lanbdgrab rushing as in domain name cybersquatting/twitter handles, if private keys are lost, no method to redirect alias.  

Usability comparison

Summary

• Immature ecosystem
• Microcap, shallow market
• Not battle tested.
• Ripe for opportunites High risk- High return
• Scouting stage. Pitch deck OP. 
• Capped A Rounds on-site < $80K. ACI only

Q4 2014: Launch of CryptoNote incubator

Seed allocated, pending review. Q1 2015. 1st Project,  Boolberry stack. 

See supporting documents: CNBP1.PDF