Bitcoin Forum

Monero at $0.24,  are you folks insane?  Almost free.

This is the chance of a lifetime to become wealthy.  Anyone who isn't buying these up... thank me later for my suggestion. Buy Monero for 0.24$/XMR now and enjoy 500$+/XMR in the future. Monero is here to stay,  whilst Bitcoin's future is uncertain.

There is a bright, bright future for Monero.

i have seen this before, look like another coin is flushing down the toilet.

When you saw this before, were you looking at Bitcoin?   :D

We've seen the argumentum ad Buttcoin several times, and watched it proven incorrect.

As emission decreases, strong hands will hold their increasingly irreplaceable coins ever tighter.

Shapeshift/Silkroad X acceptance is coming Soon, as are the DB and GUI.

MM88 is correct, this is the XMR buying opportunity of a lifetime.

Too expensive.

can't believe this shit coin has its own market at poloniex, makes the whole site unprofessional.

Agree. Why put money in a Bytecoin clone that's tanking.
You're better off putting it in Bytecoin itself.
http://bytecoin.org/ (http://bytecoin.org/)

How is your Tenebrix stash doing?

Apt comparison considering the scamminess of both of the 'originals' Tenebrix and Bytecoin. :D

Not to mention the sysop here said


I suggest leaving this likewise "unprofessional" forum, and avoid letting the door hit you in the ass on the way out.   ;)

100% agreeing with iCEBREAKER.

Bring it on, $0.26...  everything under $1,  I'm buying $1k worth of such dirt cheap XMR every single day until I run out of FIAT reserves.

Monero is pump and dump. No noticeable features except for HYPE.

You must be mad, it is the only POW alt NOT based on Bitcoin and arguable the only with real features apart  :D Its also the least HYPED coin ever, but in contrast you sound the most ignorant poster in this thread.

I have a deep feeling it will replace Bitcoin, and I'm not the only one, but this being the bitcoinforum I'll end saying Bitcoin is still the king :)

You can wait forever, I dont care, this is the real e-cash.


What do you have to offer, you talk big so you must have some real bag you want me to carry, no thank you so much, I couldnt care less what you think.

Your trolling is weak.


Monero is what the kids who bought weed on Silkroad thought Bitcoin was.  IE: encrypted internet money.

 :)

You must think this is about me hyping a coin but no and its also not about Monero, I would be on Bytecoin if was not for the premine I read, I don't really blame you for judging a newbie here, I know these forums are not pretty, but then again, its not that I care.

You should do a bit more reading and not listen to the monero shills with their endless, inane threads.

https://bitcointalk.org/index.php?topic=755840.0 (https://bitcointalk.org/index.php?topic=755840.0)

I was mining Bytecoin towards the end of 2012 - as far as I am aware there was no premine and anyone who tells you different is a shill for another coin, Bytecoin clone or has just been sucked in by the monero goons.

Monero did have a nice run. I heard of a lot of tech probs with it. interested to see where it goes

Is it likely to have another nice run?

Anything is possible.

The thread you link to was starting by 'Cheesus', which got busted as a paid troll/puppet: https://bitcointalk.org/index.php?topic=740112.msg8485286#msg8485286

There were many evidence proving the cryptonote/bytecoin scam, I recommend reading this: https://bitcointalk.org/index.php?topic=740112

You make a strong statement: if based on the evidence made public, I call bytecoin a scam, therefore I am necessarily a shill for another coin? Kind of sophism to me.

I am a monero supporter, not a shill. Monero is everything but a 'pump' or a 'hype'. Of course you have the little holders that will promote whatever they hold in shitty hyping manners, but the core community, the core team, everybody is commited to fairness and honesty, is acting very low profile, to deliver something useful and not oversell fluff.

@OP:

How are your other criminal operations running like Hitbtc?

Be careful the word about petersburg and estonia is getting out

what is all of this about? sounds like some crypto drama brewing

It is well known "Moneroman88" is trying to hurt Monero by playing the dumb hardcore supporter up to a point where it's ridiculous and bothering to everyone to read.
He was the one provoking BCX who felt for it like a child, for instance.

well monero actually has had nice volume throughout it's lifetime so a super fudder shouldn't harm it too much good luck

I don't profess to know anything about XMR, but I am curious as to what you are basing that on, other than wishful thinking? What exactly is going to ensure XMR jumps from $0.24 to $500 in less than a year?

I though monero was already dead

no, thats bitcoin.

noy yet sir
still hot :P

Monero is a long dead coin.
I don't think it's a good investment.

First they ignore you, then they laugh at you, then they fight you, then you win.

Mahatma Gandhi

i registered because i see the patern, we are still largely ignored, monero is fundamentally better than bitcoin but still ignored by everybody, including the most interested parts: the libertarians and freedom-fighters, but for the die-hard bitcoiners we are in the laughing phase (monero is dead, oh i thought it had die, etc).

other thing, op really seems forceful in its optimism like to try harm monero image.

According to what I've read, that would have to be a lie. 

If Bytecoin was mined for 2 years before its bitcointalk ANN, then only 10 computers were mining it.

But that's just what I've read.  Maybe you were mining it before the Whitepaper was ever published.  But then you would be one of the premine scammers yourself.

The true strength of Monero can be seen by having people who are frightened by its existence. This forum thread is a perfect proof that the scammy Bytecoin's users are extremely jealous, foreseeing the success of a truly anonymous and fairly distributed coin, XMR.

I personally don't mind haters or folks who're scared.  People are wrong all the time.  One simply can't ignore extremely advanced cryptocurrency technology:  Monero is exactly what Bitcoin would have liked to be.

After all iCEBREAKER absolutely nails it:

'nuff said.

Not so fast, there are 14 days left in January to see that $25 price floor fulfilled.  The launch of MonBase had some hiccups, but I understand they're buying Bitcoin.com and making it redirect to Monero.com.  That should boost consumer confidence.

I'm not sure it's fear or jealousy as much as cheerleading fatigue.

Although paraphrased due to poor memory, that one-liner is totally stolen.  Apologies and thanks to its OP.   ;D

Here something original:

Bitcoin is Yuri Gagarin; Monero is Neil Armstrong.

Is it monero-trolling time again already? Feels like such a short time ago we had this shitstorm of trolls, reversed shilling and virtual cockflashing.

It's so obvious this is all just an orchestrated bashfest by a couple of entities controlling multiple accounts on this forum. Wondering what kind of strategy they will use this time. Judging by this thread so far they're mixing it up a bit more, with some positive posts as well... Interadesting.

I'm not sure what the proper response is on this initiated second (?) wave, arguing with them? 'Never argue with stupid people, they will drag you down to their level and then beat you with experience'
or just ignoring them completely. Let them have these faked dialogues of FUD/lies with eachother attempting to influence opinions around here... Hmm

You are like an arrogant guy with issues who goes around slapping strangers at every opportunity and then crying when a couple of them hit you back.

Spot on analysis, impressive. Is this your thing? You write horoscopes too?

Yes, I do horoscopes. Would you like my premium rate number for a consultation?  :D

You promised something too?  :P what about that?

Along with guaranteeing the $25 price floor using our MonFloor technology, we've also partnered with Amizin to offer discount rates on the Microsoft Zune, HD DVDs, Gateway computers, and Google Glass.

What I don't get is why is bcx so infatuated with monero?  I mean we are talking about a multi month ordeal.  He did for even have this kinda hard on for aura coin

Also 25 dollar monetos at this edition rate = lolz

Here we go again, BCX? Fat mouth? Where was the attack you were so proud of? There was nothing, not even a slight anything. Hot air. Please keep it going, loving your entertainment :D

BitcoinEXpress, it's official... you're the grand pussy clown of cryptocurrency and you know it.

Monero for the win

I just bought 18 trillion in Monero. Buckle up.

☐ Not REKT ☑ REKT

To be 100 times wrong when you speculate future value is not that dramatically wrong in altcoins, but what Moneroman88 usually bla bla bla is never of any importance anyway.

You're fate's shadow or fate's sun, depending on which way you turn, my little man.

THIS IS GENTLEMEN!

Monero is insanely underrated. We are talking actual e-cash there, Bitcoin doesnt qualify as 100% ecash. Monero will eventually get where it deserves to be basically because people will need it. These that go on places like SilkRoad (I dont) will use it a lot.

At lease he's consistent. :P

Monero doesn't benefit from massive liquidity at the moment, nor does a lack thereof affect Monero core development or the ongoing development of any peripheral projects. The success or failure of Monero as a project will not depend on the market capitalisation or the trade volume until Monero has achieved a significant level of utility.

Indeed, couldn't have replied better myself. Bitcoin Clown's stark envy cracks me up any day. All of that jealousy simply cause he's sitting on BTC that's going down the drain. Oh well... not my affair 8)

This. Fluffy and the rest of the dev team are doing a solid work with it, they are working with i2p as well. We just need to wait. Take this as the first Bitcoin crash (50 to 3 dollar) and be ready for long periods of low price.
When people keep being busted by using BTC over darknets we'll see how all merchants that have grey matter will start accepting Monero as well.

I just waiting for it to plummet i guess.

Thanks, captain obvious. That's precisely what I said. But more importantly, I said that Monero wouldn't benefit from massive liquidity at present. If it was consistently doing 1000 BTC in volume a day, what would be the benefit to Monero itself? Some traders would profit, some would lose, and the only place consistently winning would be the exchange.


The lack of liquidity is directly tied to the lack of utility. The bulk of the buyers are speculators, who are easily bored, and day traders, who are far more interested in pump-and-dump coins.


It absolutely does not effect Monero's success or failure as a project. The Monero project already has the great distinction of being the only cryptocurrency to have successfully squared Zooko's Triangle (http://en.wikipedia.org/wiki/Zooko's_triangle) when we released the OpenAlias standard (https://openalias.org). Not only that, but we created it in a way that benefits all cryptocurrencies (including Bitcoin), not just Monero.

So, really, Monero has already left a lasting mark on cryptocurrency development. Tell me, BCX, what have you done besides posting rubbish on a forum whilst hiding like a coward behind a pseudonym?

Maybe they should fork it into a ponycoin. I feel sorry for the people who listened to Rptelia.

Well, the problem was there was the slew of moderated threads which possibly gave uninitiated people a false sense of the situation.

However, in the grand scheme of things, while the Rptelia followers may have lost a lot of dosh speculating on Monero short term in the longer term I agree with Fluffy that things like the dev team, infrastructure and community make a big difference. Merchants and buyers would prefer security and stability over 'day trading'. What Monero needs above and beyond a high price is what all the Alts need with the exception of BTC and Ripple - that is, easy to use fiat exchanges and easy to use open source shopping cart payment modules. When this happens I can see a big uptake in Monero, Bytecoin and a few other alts.

Anonymous cryptocurrencies will be first driven mainly by speculation. As the price stays more and more stable, speculation will turn into simple offshore cash storage. You can buy bitcoins that will not be traced to you. Isn't that a killer application? What other feature is worth mentioning in other altcoins that can compete with this one? I know its nice to have coins to do chat, or have cool memes, different mining algos etc. but everything can be done using bitcoin or if you require anonymity monero or darkcoin. sure, at this stage i don't see many competitors in this market. zerocash will come. so we have three competitors. Not too many and we can be sure that anonymity is not something that can a big corporation or central banks compete with creating a better altcoin.
If you add up all the marketcaps of these currencies, it seems temptingly low. Once the big run up in bitcoin starts, these anonymous coins will outperform.

Frankly, considering the overall quality of the altcoins discussions on this forum, I'm glad some who believe they are a recognized voice in the altcoin community don't find monero to be of their taste.

Monero's fungibility and privacy are MUCH stronger than Bitcoin's.  This makes Monero a better candidate to deserve the term "digital cash".  Without privacy, there is no freedom.

yeah pump pump pump ,lol how about no?

1 - Doesn't bitcoin need a hardfork for 20mb blocks?  I thought it did.

2 - What makes you think it won't work?

3 - Comparing any altcoin to bitcoin is ... it is not as simple as people make it out to be.  Otherwise litecoin would have taken over bitcoin with it's faster transactions.  Then Darkcoin would have taken over litecoin.  Then Monero would have taken over darkcoin.  Well ok ... darkcoin might've been a stretch but.

There has to be a clear technical reason to justify the economic devastation of eradicating an existing currency. 

Monero is failing because I won the Monerocoin.com Domain and I aint sellin it! bahahahahah

Oh yea ... well duh.  I was thinking we were talking about the current scaling problems bitcoin has with even it's very limited adoption.

Monero couldn't hack being in that position either  :D

Probably have to have evil statist centralized planners to create something that can scale like that due to the problem of making decisions that plagues decentralized projects.   ;D

I agree with everything you said.

Monero is my favorite altcoin!

You're one of the smart ones.

One of the few alt coins worth dropping an entire BTC if you have the chance right now for sure.

I'm waiting for actually being able to hold the coins by running a client on my laptop.  Currently it doesn't work because it requires too much RAM. 

The blockchain branch is pretty stable, we're currently focusing on write performance as catch-up is too slow. You can compile it yourself by cloning http://github.com/tewinget/bitmonero and then 'git checkout blockchain' - compile instructions are in the Readme.

Alternatively, just use MyMonero (https://mymonero.com):)

I put 2 whole BTC down last week. Glad I jumped on the XMR train  :D

Thanks for your reply again ;) 

By blockchain branch, do you mean that the chain is not held in memory (or swap)?    I will try it in any case.

As to mymonero..  if the site goes down can I recover the funds? 

No, the OS does swap just fine, it would be silly for us to try and add a layer on top of that (and it would never be as performant).

We have a completely abstracted blockchainDB class, and the first actual implementation (there will be many) uses LMDB, the Symas Lightning Memory-Mapped Database (http://symas.com/mdb/), which is the same embedded database that OpenLDAP and Armory use. We're even listed on the site:)


It uses the same mnemonic as we use in the Monero wallet client, but it's a shortened form (half the space). We are currently adding support for the short-key format into the wallet library, but needless to say if MyMonero (and I) had to disappear today it would not be difficult for someone else to add that support in:)

Thanks, sorry for my continued questions.  I guess I don't understand the need for such a structure.  The block chain is already sitting there on the disk.  Copying it from one structure to another seems a waste of time and resources, unless I was planning to run a public explorer or something.  I did get it to run with swap but that just means now it takes up twice the hard drive space and lots of copying.  To give you an idea where I am coming from I also consider a bitcoin node to be a resource hog.  Since I have your attention, can I get a quick word on the possibility of SPV clients for monero?     


As much as I like to talk shit about web wallets, this one looks pretty good :)  Can anybody host their own version? 

The current "structure" for the blockchain is just serialised to disk. Not in a straight-up stream of raw blocks, but in a set of objects including the utxoset, key image set, all transactions, and all block headers (specifically: m_transactions, m_outputs, m_spent_keys, m_blocks, m_blocks_index, m_alternative_chains, m_invalid_blocks, m_tx_pool). In other words, all of the sets have to be unserialised off disk in order to have it the latest bits available.

Using LMDB we go from this:

https://i.imgur.com/OgD6yzz.png

to this:

https://i.imgur.com/VIxBWgL.png

That's testnet and mainnet on OS X (hence the dual processes in the second screenshot). Even with very heavy artificial activity I haven't seen my mainnet process go beyond ~80mb.


It's not possible based on our current thinking and reasoning, at least not without delegating the same level of trust as you have to with MyMonero. That being said, it's definitely something we're tackling - it was one of the key discussion points at the Monero Research Lab meetup in the USA in November last year.


Thanks, we're trying:) We have long-running HSTS and we haven't tried to stupidly write our own PRNG, so at least that's a step in the right direction. We don't have a self-hosted version, but once we've added sufficient functionality to Monero Core we will repurpose some of the MyMonero code and release it so that anyone can host their own web-based wallet.

Well, let's see who is speaking high of Monero or CryptoNote in general and has some reputation.

• Gregory Maxwell (most extensive example (https://news.ycombinator.com/item?id=7766161))
• Andrew Poelstra, respected cryptographer and prominent Bitcoin developer (most extensive example (http://bitcoin.stackexchange.com/questions/29471/are-there-any-true-anonymous-cryptocurrencies))
• Nicolas Courtois, academic cryptographer, 8 patents (most extensive example (http://blog.bettercrypto.com/?p=801))
• Risto Pietilä, Bitcoin millionnaire (most extensive example (https://bitcointalk.org/index.php?topic=624223.msg6923973#msg6923973))
• Theymos, Bitcointalk founder (most extensive example (https://bitcointalk.org/index.php?topic=885736.msg9780400#msg9780400))
• Bullbear labelled Monero "the most interesting anon coin on the scene in our opinion" (https://bullbearanalytics.com/2015/02/24/monero-price-analysis-2232015-bull-flag-breakdown/)
• apparently, a sizeable part of dark markets
• on top of it, several Monero Core Team members, such as tacotime and fluffypony, had already a great reputation before entering Monero
• probably a lot I forgot

I've seen worse ignorance.

More information: Why Monero matters (https://xmrmonero.com/?q=faq/en/why-monero-matters-prove-me-monero-not-yet-another-shitcoin), The Three Pillars of Monero (http://www.reddit.com/r/Monero/comments/2u4m2u/the_thee_pillars_of_monero/)

You can add Dr. Tomaso Aste – Head, Financial Computing & Analytics Group  - Department of Computer Science  -  University College London
and TacoTime - Legendary BTCT contributor and Scrypt mining FAQ originator/editor

Including the Monero devs is somewhat pointless.

What did Thomas Aste say about it?

Tacotime already had great reputation from way back before XMR existed.

Prof. Aste gave a talk on CN at some fancy confab (that somehow had terrible AV support).   :P

Monero is my favorite. If I ever had an ICO for a coin, I would only accept Monero as payment.

When it comes to the privacy, XMR is the best choice of payment.

So how many of you ignored this OP and did not buy?

How many of you have now quadrupled your money?

You should have bought in when the buying was good.

Now who is going to sell and who is going to Hodl?

$1 land now bitches!

are u muneroman88? ;D

Do I win something if I am?

no and i dont really give a shite anyway :D

Thank you for doing this. Lets try to keep this updated and share it with the world. I just Tweeted about it today:

https://twitter.com/XMRpromotions/status/630838661777461248

Preach it Moneroman88.

Monero under 50 cents? What the hell are you waiting for?

this shit will go to 1 satoshi soon

Oh rly then I guess I would only need to spend less than 1 BTC to buy up the entire supply..
..

 ::)

Like 5 times.

I also think, that Monero can go down in short - medium term future. After 6 - 8 weeks we will see, what will be with Monero price, and then make the decision  ;)

And this is the guy that some of your fellow Moneroites call a "reverse troll"...go figure. ::)

(To be honest, I was tempted to take this guy's advice; perhaps I should have.)

bumping this thread because XMR is mooning us all.

New thread: Monero under one dollar? What the hell are you waiting for?

You could have 4x'd your money by now. 
 
Where else could you have gotten a fucking 400% return in a pure and legitimate asset in the past 12 - 16 months!?  Sure, options and shell companies, but we are talking something real here!  I'm only sad I came in at 50 cents and didn't catch the 25 cent wave. 
 
On the other hand, I honestly think sub-$1 Monero will look the same as sub-$1 Bitcoins do to us now by 2019.  I wouldn't be involved in this if I didn't see it going to Bitcoin+ levels in the coming years.

The triforce is with us.

What the hell is Monero?

Good thing you asked, it was almost too late.

Monero is a cryptocurrency.

From what I hear it is also a breakfast sausage.

The Monero price is dropping in similar to the Ethereum. It might take a while for it to resume upward price action.

Was I right yesterday or what? Monero went to the crapper. It was fake volume and arranged pump all along. It wasn't an organic move up based on real buyers doing real buying.

Monero's not ready for prime time yet. The wallets are not working out of the box. Tested their lite wallet the other day. Didn't work.

The market cap should be somewhere around 4-5mil tops maybe lower.

Monero bagholer cult is hilarious. Nobody cares  :)

Isnt this More hilarious?

The Monero price might drop further in the next few weeks. But I think it still has some value and the price will rise in the future.

Understatement of the millennium.  Doubt it can fall much for long, however.

There is constant supply of the Monero by miners with very little mining cost (botnets). So the price might not rise too high.

Yes, the price of Monero is really low. But the problem is that Monero price can go down more and stay there - because there are limited people group, who use Monero daily and Monero mining can go up  ;)

This part is incorrect. Mining rewards decrease with every block. They are reduced by half approximately every 18 months, until reaching a fixed minimum about 8 years from launch.

It does sound like this coin won't drop too much farther in the short term. So many purchasing some now would be a good idea fora  long term hold. However the userbase for this coin needs to go up.

I will keep this in mind if this is a fact,so you mean it;s much better to mine a coin in it's earlier stage than do it in a latter,if that's so then I will look on coins that are just launched and see my mining profit,this is the reason why it's hard to mine bitcoin because of the decreased rewards

Given the current price and emission, daily mined coins cost only 7000-8000 usd. Given the size and wealth of the community, it could support even higher price than the current price.
I think personally the price could basically double at any time now. Once the GUI is launched, expect the price to go straight to the moon. Do not buy Moneros now when they are cheap but waite until the price is over 100 usd/xmr and then buy some of my coins. In this way I have even better liquidity (sarcasm).

So why the price is so cheap? It just needs $8000 to support the price per day? I thought we have big Monero community.

The usual explanation: The whales have been accumulating I guess.  ;D

But yeah, the price is thankfully this year started to pick a little up. Chances are it is possible to make handsome gains if investing in these early days of dawn.
However, we need people also who will buy the coins from me when the price is approaching like 1000 usd/xmr. But, the problem is, I am not willing to sell that many even this price unless I need the cash for some reason. Now I am not needing => I am not selling but holding my bag like a stubborn camel.

There's actually not as many as you think.  I would estimate there are probably 3000 to 4000 people sold on the idea of Monero these days.  But as you can see from this chart, if that number increases even modestly, the value of each Monero could rise dramatically.

https://i.imgur.com/jC5QfxF.png

I personally believe that Monero is the epitome of Shitcoin BUT had I read your advice I could have almost quadrupuled my BTC. I reckon, sometimes one has to listen to the oddish (the 500$+/XMR in Q1 2016 is delusional, yet ~4x really is not bad at all).

There are other coins that have much more to offer than 4X. ;)

PoW coin , absolutely 0 use to me.
Could be 1 litoshi , still would not buy it.


 8)

https://i.imgur.com/L9O6CUj.png

Monero is a secure, private, untraceable currency. It is open-source and freely available to all.

With Monero, you are your own bank. Only you control and are responsible for your funds, and your accounts and transactions are kept private from prying eyes.

sounds good going to look into this, heard about it before but never looked into it , etherum hype got me looking on that instead :/

Thing is most of these coins may offerer 4x ... but not the liquidity to get out your 4x ;)

Soon.... "Monero under $25?  What the hell are you waiting for?"

Under two bucks has a nice ring to it.

People will look back on this thread in the years to come and say...."Where the hell was I and what was I waiting for?"

So that mean when emission halve price rise 8 times?

To all the smart folks who listened at 0.25$: enjoy!

Monero is still nowhere near its price potential, still heavily undervalued, nowhere near its ATH.  Still a strong buy at this point.

Fixed it for you.   :)

lol technically it was exactly 2 months. So just barely plural. Otherwise weeks would have been more appropriate to describe time frame.

I did not buy, just watching the dump live on polo.

There was great prices at 0.0068 earlier today.