what is the price that could reach it ?
In this rally? It was $1 recently. I'm expecting atleast touch previous ATH. |
|
|
|
So did people start getting their iotas yet? Mine still says 0. Does it matter if you're using the light wallet?
I was pretty on the ball about getting my reclaim process completed right away as soon as the software released and my address is still showing a 0 balance. |
|
|
|
The technical fundamentals need to change in order to magnify the hazard you describe to the point where it is material to valuation.
I think it was starting to become very material the other day when BCH was sky rocketing and BTC was crashing. Luckily someone with a lot more money than Roger Ver stepped in and provided a floor. We seem to have staved off that specter for now. But you know there is just an inherent issue with the idea of long term capital preservation in a largely arbitrary scheme that grows less adaptable with time while new competitors constantly become more and more advanced. What we were talking about before with bitcoin is sort of like a subset of this more general issue. Monero solved this. Which is great! We hard fork all the time and it's no sort of governance issue for us at all. It's routine. But we did trade the sort of governance risk that bitcoin faces, growing technologically obsolete while it remains in a state of governance gridlock, for our own unique kind. We opened ourselves up to the risk of bad leadership. Both of these arrangements are less than ideal for the long term multi decade multi generation capital preservation. I'm skeptical that the crypto sector has or will be able to produce a product to fill this particular market need. But you know if what you speculated about gold is right maybe the real answer is to just buy a Van Gogh. |
|
|
|
the wallet is really bad. it's pretty confusing using this on windows..
Ignore the trolls. I don't like the GUI wallet either. Does is work for you and you just don't like it, or are you having a real problem that makes it unusable? I would suggest the support thread, but it's pretty dead. We are the bleeding edge of sig-int resistant decentralized underground cypher punk crypto currency. Let that sink in for a second. Think of where you are and what you are doing. Now go learn how to use the damned command line! I don't know if you were talking to him or me, but the cli wallet is what I use. Him. I think I just quoted you because your comment is where I read his comment  . But really it was directed at all of the (probably) trolls that keep coming around and whining about the gui all the time. |
|
|
|
That discrepancy between the ranking on those two web-sights coupled with the importance of the particular form of unique utility that monero brings to the sector screams bullish opportunity. I might just re-balance my portfolio to more heavily weight monero because of this. |
|
|
|
I'm sure this is dom's doing. That guy is really something else. It's like we have the energizer bunny working for us. |
|
|
|
Dispose of the last, easiest point first: By 2040 we are either in a post-apocalyptic dystopia, or no metal is very precious any longer, due to cheap energy, LENR transmutation, and/or asteroid mining. Any postulated PM bubble has to play out before a post-scarcity future arrives. 2030 seems safe, 2050 seems unsafe, against such a development.
Funny story. This is exactly this line of reasoning that pushed me over the margin and caused me to purchase my bitcoin so many years ago. The other two are tightly coupled. As long as obligations are due and denominated in a given numeraire, that currency will have a corresponding demand. As long as there is a demand denominated in a given numeraire, a supply will arise to preclude arbitrage. That is how a currency economy expresses social capital as liquidity. If there were frictionless exchange - and due to trivial technical innovation, there will be, for all the transparent public chains - one currency would be as good as another for commerce, and all would merge into one pool of effective liquidity. But at some critical level of friction at the exchange margin, economies will segregate by currency. Certainly we see this kind of coarse-graining even in fiat economies, where the only cause of exchange friction is rent-seeking regulatory capture! How much more so when there are sound fundamental, cum technological, reasons for it?
Given that certain - inelastic demand - goods will always be denominated preferentially in XMR, it will always have a distinct PQ and V, hence M. (I cannot say the same of, e.g., BTC.) The harder it is to exchange into and out of XMR, the more certain it is that the XMR economy will self-sustain, because it will not leak utility at the exchange margin. Contrast Zcash, which can, trivially, be integrated with the global transparent liquidity pool, and hence has no compelled reserve demand in the long run (nor, I would argue, any risk-averse demand in the short run, for entirely separate reasons).
In short, the 80 tn USD white market global economy may be well served by the transparent liquidity of trivial exchange and unlimited dilution, but the 20 TUSD black market will not be, at least not as easily or as soon. Moreover, a strictly opaque chain will require some non-trivial protocol advance, not yet in evidence, to allow liquidity to efficiently flow across exchange with transparent chains. Thus we can conclude with substantial probability that there will be a dominant opaque chain, even after Bitcoin is diluted into effective oblivion.
None of that should be taken to mean that a migration to PM reserve and crypto liquidity does not occur, over the next decade or two - only, that it's occurrence does not harm Monero, at least not at the order of magnitude in degree that transparent chains without a natural monopoly will be harmed.
So if I understand correctly. You are saying that all the public chains will merge into one pool of liquidity due to a ~ 0 transaction cost environment for moving liquidity between chains but that monero will be somewhat protected from this since moving liquidity between chains will have a sort of friction resulting from the transaction cost resulting from information leak. Do I have this right? If so than I think it is not an apples to apples comparison. Couldn't many more opaque chains come into existence and have 0 friction with monero and rob us of our liquidity just like happened to bitcoin? |
|
|
|
the wallet is really bad. it's pretty confusing using this on windows..
Ignore the trolls. I don't like the GUI wallet either. Does is work for you and you just don't like it, or are you having a real problem that makes it unusable? I would suggest the support thread, but it's pretty dead. We are the bleeding edge of sig-int resistant decentralized underground cypher punk crypto currency. Let that sink in for a second. Think of where you are and what you are doing. Now go learn how to use the damned command line! |
|
|
|
If they can successfully destroy bitcoins role as a store of value, then crypto will never compete with government fiat as a viable form of money. If cryptocurrencies devolve into payment rails and speculative ponzis, they become far less interesting than the future of money.
I am predicting that this attack vector will be employed and it will work and it will destroy the store of value role for cryptos and force them into payment rails and speculative ponzies. I predict a future where crypto is used for payments and gold is used for storing value. I think it will provide a great opportunity. Fist cryptos will suck all of the capitalization out of the precious metals markets as people begin to think that cryptos have made precious metals obsolite, then people will begin to understand this problem and a ton of that capital will flow back in. I plan on positioning accordingly. Interested what Aminorex thinks about this comment If he happen to read this. I am curious to hear when you expect that to happen. Things move fast this year, but before they did not that fast. Could that happen in 10 years time? Jeez timings a bitch isn't it. Sorry I have no idea how to time anything. My whole investment philosophy is just: look for the big picture, be patient, don't be greedy. I just take some PM profits at significant new all time highs and will continue to do indefinitely. If the market turns I'll probably plow those same pm's back into crypto. But really the next wave im hoping for is a correction in equities so I can buy companies that build AI. AI is the true end game. Someday they will be better at deploying our capital than we could ever be and that's when the game is over. Everyone gets to put their cards down on the table and we can see the winners and losers. |
|
|
|
12gb ram, Win 10 pro, 3.2 amd 4 core should be enough for a wallet I'd think.
I think it's safe to say that isn't the problem. |
|
|
|
|
It said in the announcement that it will take a few days before balances will begin showing up.
|
|
|
|
If they can successfully destroy bitcoins role as a store of value, then crypto will never compete with government fiat as a viable form of money. If cryptocurrencies devolve into payment rails and speculative ponzis, they become far less interesting than the future of money.
I am predicting that this attack vector will be employed and it will work and it will destroy the store of value role for cryptos and force them into payment rails and speculative ponzies. I predict a future where crypto is used for payments and gold is used for storing value. I think it will provide a great opportunity. Fist cryptos will suck all of the capitalization out of the precious metals markets as people begin to think that cryptos have made precious metals obsolite, then people will begin to understand this problem and a ton of that capital will flow back in. I plan on positioning accordingly. Interested what Aminorex thinks about this comment If he happen to read this. |
|
|
|
You have to remember there is atleast one irrational bitcoin whale out there who is trying to use his force of will to make BCH succeed because of his "principles". So that one could continue to surprise. I'll say this though. If he succeeds and causes the market to fracture in a big way or even worse cause BTC to lose all value and BCH to become BTC it will undermine our whole sector. We will look like a joke to outsiders. That price is already doing this but it isn't as bad as it could be. Yet...
Finally, someone get's it. I've been thinking this all along. All these people on /r/cryptocurrency hoping that BTC will fail, so that their own coin may thrive, are delusional. It's way too early for BTC to give up the reigns. This could set the cryptosphere back for years. It's even more than. A failure of governance in bitcoin will make the world wary of governance risk in altcoins as well. |
|
|
|
OK, I'm not a crypto noob but I'm new to monero. This jinky wallet is pissing me off (slow, crashes, freezes) and bittrex won't even let me send funds over. Where do I find info on a full, clean uninstall to start over?
https://downloads.getmonero.org/cli/linux64 Has always been smooth as silk for me. Building and scanning the database though can be unusually computationally intensive compared to other crypto-currencies. Is your system a bit on the older side? As far as a fresh install. On linux it stores application data in ~/.bitmonero. On windows I would venture a guess that its in C:\Users\userName\AppData\Roaming or C:\Users\userName\AppData\Local. Probably Roaming but I have never used the windows client myself so I can't be sure. Other than that just delete the directory where you unpacked the binaries or use the add remove programs utility in windows. |
|
|
|
Damn I wish I had a Bitfinex account and some liquid BTC, BCH just looks perfect for a Good short!
Is there really any time that BCH looks bad for a short? about an hour ago. Lol   I guess I stand corrected. I really was not expecting that, although then again maybe that's why I don't short. You have to remember there is atleast one irrational bitcoin whale out there who is trying to use his force of will to make BCH succeed because of his "principles". So that one could continue to surprise. I'll say this though. If he succeeds and causes the market to fracture in a big way or even worse cause BTC to lose all value and BCH to become BTC it will undermine our whole sector. We will look like a joke to outsiders. That price is already doing this but it isn't as bad as it could be. Yet... |
|
|
|
today i am very happy iota hodler  Iodler sounds funny |
|
|
|
Looks good guys. I used the 2.5.4 reclaim tool and it told me "Any reclaimed tokens will be sent to your address shown below". So I logged into my new seed that I made for this recovery process and sure enough the address shown is a match.  |
|
|
|
|
Super cool of you to try and help. Thanks.
|
|
|
|
If rumor confirmed I should probably buy some of what ever company this is as well. I mean what does it say about a company for it to be THAT forward thinking? |
|
|
|
|
I cant for the life of me remember the name of this project from atleast a couple of years ago to develop a secure hardware device for in person off chain transactions. It would help if I could describe how it was supposed to work but honestly that's why I'm trying to remember the name of it, so I can look it up and figure that out. What I do remember is that it would only work by interfacing with another of the same device very near to it. Supposedly you could keep passing on bitcoin from one device to the next and the next and it would rely on people settling on chain often enough to make it not worth a hackers time to try to compromise the hardware based security to get at some earlier link in the chain. It would rely on hardware encryption provided by the company that made it, a much less secure solution than a blokchain, but the idea was for it to be secure enough for small every day transactions that were settled on chain relatively frequently.
Sorry I wish I could remember more but does anyone know what project I'm trying to remember?
|
|
|
|
|
Show Posts
