Bitcoin Forum
July 19, 2024, 12:55:50 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 [547] 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 ... 697 »
10921  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 15, 2016, 04:20:23 PM
Shit, I got sharked. Placed a temp sell while getting a buy in and got chomped. Cheesy

FUCKING HATE THESE BOTS!!!!!!!!!!

On the bright side made 3k playing poker the other day. Smiley

It's safer than this market!
10922  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Tau-Chain and Agoras Official Thread: Generalized P2P Network on: March 15, 2016, 02:38:17 AM
What will be final amount of Agoras tokens 42 or 147 million?
On the link the amount is 147 billions

42M is the amount of the intermediate tokens that represent 100% of future coins. 147B is the planned amount of future coins.

So 1 of the Tokens will be worth 3500 coins correct?
10923  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] VpnCoin | P2P Lottery| AES Chat |Domain&Website | Blockchain creative on: March 15, 2016, 02:26:38 AM
Hello everyone,
We are Shenzhen City Bit Chain Technology Co. ltd.,
Company information: http://www.szcredit.com.cn/web/GSZJGSPT/QyxyDetail.aspx?Rid=cc3f63493e1d4eac828a454d2cf73ea4
Our website is: http://www.bitchaing.com/?lang=en
I'm Bit BenZ, glad to communicate with you at here.
Our company has reached a partnership with the BitNet team,
We will develop applications based on VpnCoin's blockchain,
We hope together with you and push VpnCoin to a new level,
Thank you very much.


Welcome Smiley
10924  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 15, 2016, 02:23:58 AM
How hard can it be to slap complete anonymity & untraceability underneath a Turing complete-decentralized computing resource?.

It's actually incredibly easy.  Thing is, after you've done it, the result is probably neither.

I would think you would have an AI with no memory accessible. Cheesy

BTW I think being turing complete is ZenNets goal. W00ps think they are calling in Tau-Chain now. Haven't bothered checking it out for awhile, it looks like a long road.

Market teetering for a few hours now, not sure which way it's gonna break. Bid didn't get filled last night Dammit.

NOW, Where to set my bid for the night?HuhHuh??



EDIT: apparently I'm getting a few things mixed up in my non functional memory. This is a good read. Smiley

http://cointelegraph.com/news/tau-chain-a-decentralized-app-store-with-greater-flexibility-than-ethereum
10925  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: March 13, 2016, 08:38:56 PM
So I decided to email Kraken with the same request.  Please add Monero to your exchange.  I'll probably get the same form mail back in my inbox.  But let the pressure on them build.


This is what they sent me:

We're following Monero. I doubt it gets added any time soon, but I know we're watching for new ones to add all the time. Thanks for the message.

Best,

Joseph
Kraken Client Engagement

Maybe they're not adding it because they're too dumb/lazy to deal with Payment IDs.  If that's the case, maybe it's good for XMR that Kraken isn't part of the ecosystem.

I didn't get a response to my request, but last night got a long form letter pleading patience due to their exceedingly high workload, and reassurance that a response will be forthcoming...

10926  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2016, 08:35:49 PM
Without heavy turbulence you canīt get massive price upswings (or downswings)

Not my style of playing. On the other hand, maybe that's why I rarely won from trading... Grin

You gotta be a pilot fish. Wink
10927  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2016, 07:16:09 PM
...

Well I can tell you Uruguay has the most relaxed marijuana laws in the world.  Meaning they really have no criminalization for selling or cultivating. I don't mean little amounts I mean the sky is the limit.  

But what are the laws on site seizures? Can the ol us of a "request" the servers to be seized?

Also from what I understand, Tor has been compromised for almost a year and I don't know that much about I2P so would running the backend on it be secure?

would it be smarter to get a anon consortium of holders to start the site ( and have a few prominent members vouch for it) or actually incorporate in a country? There is an exchange on I2P but it is run bay an anon account with no vouchers so I know I would never move funds there. I have no clue about this stuff. The most information I've found so far is the town in england that created it's own tax haven in denmark if memory serves. I'll have to look it up again. I think it cost them a total of $150 to set it up!




Why in hell is no one selling XMR

I sold some at .0029, waiting for the dip to grab it back. Smiley
10928  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2016, 06:19:53 AM
Is it too much to ask for a "bot" to post what the market is looking like, on every hour, along with details about block filling just like they have for the Bitcoin speculation thread?
https://addons.mozilla.org/en-US/firefox/addon/bitcoin-price-ticker/?src=api
10929  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2016, 03:08:31 AM
Start with countries off-sides from the U.S. which aren't under international sanctions.  Iran, Venezuela, Cuba, UAE, Uruguay, Fiji, Seychelles, Madagascar, Mozambique, Zimbabwe, Laos, Myanmar....

Thanks, I'll check these out when I get a chance. Out of that list I would think UAE or Venezuela would be the safest?

Those two are powder kegs with lit fuses.

You need non-confiscatory political stability and citizens that understand how to civilization.   Fiji/Seychelles are tiny, isolated paper statelets with backward/primitive natives.

That limits the list to Uruguay, with Laos and Myanmar tied for a very distant second place.

LMK if you need help down there.  I love Tannat

Thanks for pointing that out just checked.

Uruguay
http://www.state.gov/j/inl/rls/nrcrpt/2015/vol2/239113.htm

Quote
Uruguay is considering amending its legislation to allow asset seizure without a conviction. Uruguay ... continue working with covered non-financial entities, and improve the management of seized assets and funds

I'll check the others later.

Maybe host mirrored exchange frontend with backend residing on IP2?
10930  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 12, 2016, 05:46:47 PM
BTW I have been trying to find a country where an exchange can be hosted that does not cow to fincen
Basically no such country exists, not any more. Singapore and Hong Kong were the last holdouts I knew of and they're towing the line now too.
Andorra, Monaco, wherever.

Start with countries off-sides from the U.S. which aren't under international sanctions.  Iran, Venezuela, Cuba, UAE, Uruguay, Fiji, Seychelles, Madagascar, Mozambique, Zimbabwe, Laos, Myanmar....



Thanks, I'll check these out when I get a chance. Out of that list I would think UAE or Venezuela would be the safest?

That screenshot is funny as I have control of what shows up on my screen so that never did nor ever will. Lol

It's merely a bitcoinwisdom screenshot, but adblocker is currently "taking a stand against censorship" which is quite ironic in my opinion. See:

http://www.wired.com/2016/03/amnesty-adblock-censorship/

Oh, I like that! I Use Adblock Plus or Ublock/ghostery and noscript so even that doesn't get through. But I'd love to see a web page dedicated to just those ads! I'd click on them just because I fucking Hate censorship. goddamn Nanny state. And I don't like Adblock accepting cash from these mega corps to whitelist them either!
10931  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: March 12, 2016, 05:39:52 PM
Not really a speculation topic: I would like to encourage anyone with coins on an exchange to place smallish bid ladders on both sides of the book.  Liquidity is important for growth of the transactional market.  If you use small orders and only a small part of your supply, and update your orders frequently, the risks are small and gains are reasonably consistent.  Discussion of the speculative aspects should be referred to the speculation thread.  I'm just throwing this up as an encouragement to those who want to help the economy mature.

The bots make it impossible to play both sides. So you either lose XMR if the trend is peaked or get it when when it's in freefall. these are big swings that are going on and doing that is not advantageous as far as I can tell. And I'm not going to keep anything on any exchanges just to make some pocket change, the risk outweighs the potential profit. What if Fincen shuts it down tomorrow?



like i said i cant read code that well so im just shootin from the hip and my estimate wasnt intended as slight.

mobo/cpu - its embedded - really was just using it as a gpu operator. i have a low end amd board. the cpu does 11 h/s.  and the celeron uses less power i think

I doubt anyone took it that way, just n00bs reading this may think your statement meant the project is stalled, I.E. Freebazar so I just wanted that to be clarified. OK now I see why you chose that board, cost effective and low power. I would recommend on your next on to use the AMD or research a low power option for AES-NI. I'm sure you will get a better power/hash ratio.
10932  Economy / Exchanges / Re: BTER.com hacked| 7170 BTC stolen | DON'T KEEP YOUR MONEY ON AN EXCHANGE | on: March 12, 2016, 05:34:41 PM
Why are DGC withdrawals still disabled on BTER?

Anyone have any ideas?

Sent 2 very respectful emails, and not even a response.

TT

Have you even bothered to read this thread?
10933  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 12, 2016, 04:37:17 PM
Anyone have an analysis on the XMR drop (on polo) in the last few days? It's been climbing back up over the past month or so (in particular), but it's dropped a steady 25k under 300k sats and remained there for some time now. It was peaking at 300k-320k at points last week.

The tree's are shaking to see what falls out. Wink

BTW I have been trying to find a country where an exchange can be hosted that does not cow to fincen but have not as of yet found a list. I had thought The Isle of Mann was one but apparently not after reading this. Boring ass read, skip all the agreed upon terms.

https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Isle-of-Man-12-13-2013.pdf

Basically no such country exists, not any more. Singapore and Hong Kong were the last holdouts I knew of and they're towing the line now too.
Andorra, Monaco, wherever.


Basically? Or not at all? Thx for the input BTW. Smiley

Guys cmon... Let's be real with this hedge fund bullshit. We're going to do more harm than help if we were to pitch monero to a hedge fund right now. Unless that hedge fund manager is computer literative, he/she is going to have to store their stash on mymoner.com and let's be honest, that's not how you want to pitch an idea to a hedge fund. Pet focus on the now before we get ahead of ourselves here.

I agree this should be on the todo list after gui release. Is there anyone actively keeping one? I noticed when I asked who will be handling marketing there was nothing but silence. Is that because MEW has been dissolved and is a bit of a "touchy subject" now?


BTW I have been trying to find a country where an exchange can be hosted that does not cow to fincen but have not as of yet found a list. I had thought The Isle of Mann was one but apparently not after reading this. Boring ass read, skip all the agreed upon terms.

https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Isle-of-Man-12-13-2013.pdf

There is no one really "appointed" to handle the marketing currently. There is a trello board for Monero community contributions currently though:

https://trello.com/b/5R2ly4mV/monero-community-contributions

Alternatively, when we really want to market Monero we could create some kind of slack channel and invite the ones who are interested (and capable) to do so.

What ever happened to that XMRPromotions kid? He jumped in with both feet then disappeared. My concern is that all these great Ideas that shouldn't be followed up on until after GUI release will be lost in this monster thread if no-one is making note of them.

AFA testing the trezor firmware, If I had one I would. But I just don't hold enough to justify getting one. I doubt many XMR holders own one ATM because the support doesn't exist yet, kind of a catch 22.

With finex now offering eth from monday it seems that this would be a good time to pump monero up to new highs and widen the story to an alt-coin bubble..

why would news about eth and bitfinex affect monero?

Adds to the Volume On Polo.

http://moneroinvestment.com/

Helps you in pitching.

Thanks, Great info!

Anyone have an analysis on the XMR drop (on polo) in the last few days? It's been climbing back up over the past month or so (in particular), but it's dropped a steady 25k under 300k sats and remained there for some time now. It was peaking at 300k-320k at points last week.

People were mistakenly expecting me to get bearish and therefore selling because historically when I have been bearish it has been a good time to exit or shake a few coins out.

People know you are a guppy that cannot move markets.

...


That screenshot is funny as I have control of what shows up on my screen so that never did nor ever will. Lol





10934  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: March 12, 2016, 04:13:43 PM
@heuristic
Good effort. One thing: 'far too long;'
Cheers, Q

What would you suggest I cut out? And it's Hueristic, remember in grade school it's I before E except after C and U before E when referring to me. I ain't no algorithm. Tongue


What's the current GUI eta nowadays

well I can't read code that well, but based on the activity of the developer on the github , im guessing months.

To be fair, the commits he makes are usually pretty big (i.e. many lines of code added). See this last one for instance:

https://github.com/mbg033/bitmonero/compare/b486fb482d...ad96cd3f24

Or this one:

https://github.com/mbg033/monero-core/compare/921d16a458...7d9306ca1a

Furthermore, once his other project finishes he is able to spend twice as much time per week on it.



@r0ach:

There is someone actively working on the GUI, see:

https://forum.getmonero.org/8/funding-required/2476/the-official-qt-gui-project

His work and the activity can be followed on:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

As it should be, All this bullshit "look we had 5 million pull requests" as if that equates progress is retarded.
Quantity does not equal Quality.
Period.





Own a piece of history !!!!
The very first monerodo (and possible the only one of its design)

https://forum.getmonero.org/3/merchants-and-marketplace/2506/own-a-piece-of-history-the-very-first-monerodo

You can either respond here or on the forum.


Good Work!

Wow, looks like fluffy already claimed it.   Grin  
  
I know me and g discussed this previously, but he said it would take months of work to build!  Not a few weeks.... guess he got inspired.  Anyway, I may 'commission' one of these myself soon - I'm a little jealous that Ric got the first.  If you know someone semi-tech savvy, who is interested in Monero, this is the best way for them to acquire some (assuming you don't feel comfortable recommending they buy off an exchange)- its a win-win-win for everyone.

This *did* take months to build Smiley what you and I discussed was a much more powerful mining box. The monerodo is very low hash power (this base model maxes out at 280 h/s). What we were talking about was mining rigs!!!, on the order of kh/s.

I don't quite understand why you chose that CPU? Very nice build by the way. Smiley

http://us.hardware.info/reviews/5334/24/amd-am1-vs-intel-bay-trail-d-review-cheap-desktop-platforms-benchmarks-truecrypt-71-aes-+-aes-ni

I really like the layout and attention to detail.
10935  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 12, 2016, 04:55:37 AM
Guys cmon... Let's be real with this hedge fund bullshit. We're going to do more harm than help if we were to pitch monero to a hedge fund right now. Unless that hedge fund manager is computer literative, he/she is going to have to store their stash on mymoner.com and let's be honest, that's not how you want to pitch an idea to a hedge fund. Pet focus on the now before we get ahead of ourselves here.

I agree this should be on the todo list after gui release. Is there anyone actively keeping one? I noticed when I asked who will be handling marketing there was nothing but silence. Is that because MEW has been dissolved and is a bit of a "touchy subject" now?


BTW I have been trying to find a country where an exchange can be hosted that does not cow to fincen but have not as of yet found a list. I had thought The Isle of Mann was one but apparently not after reading this. Boring ass read, skip all the agreed upon terms.

https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Isle-of-Man-12-13-2013.pdf
10936  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 12, 2016, 03:54:48 AM
Actually it is pretty fair.  The BitcoinATM near my office in the city charges at 8.6% premium for buys.  The one in LES does btc to fiat, requires KYC, and charges some serious double-digit premium on sells, like crazy bad, that I have erased from my memory as a traumatic experience.  Well, fair compared to outright rape, that is.

The ATM has a far higher operational cost so your really not making a fair comparison.  Now this is another thing we should be addressing I believe. I think we should be looking into having Monero added as an option to the bitcoin machines. Or design our own with both pairs and deploy with the help of btc backers if for some reason they are adverse to adding XMR.






I am also crossposting this:


I'd suggest linking them all of our whitepapers listed here:

https://lab.getmonero.org/

In addition, the cryptonote whitepaper + the review by MRL:

https://cryptonote.org/whitepaper.pdf

https://downloads.getmonero.org/whitepaper_review.pdf

Finally, you could send them this list:

https://www.reddit.com/r/Monero/comments/46gfgv/list_of_prominent_bitcoin_people_that_spoke/

That shows that at least some of the people on the list have looked at the code and/or whitepaper.

PS. It seems like you got a different reply than the standard one reported by other community members here.

Yes it looks like a move in the right direction, thanks for collecting the links I'll reply with them. Smiley

I would recommend everyone else does as well.


ADDED:

OK, here is a letter I've compiled with Debruyne's provided information. What changes would you guys recommend?


Quote
It has come to my attention that the reasoning behind not providing a Monero pairing (ticker - XMR) is that you feel the code would have to be vetted which will take resources you do not currently possess. I would suggest that this is indeed not needed in this case. I premise this view by presenting you with the formal actors whose credentials I think we can agree on are beyond reproach.

The Monero Research Lab

The Core Team forms an integral part of the Monero Research Lab, but the researchers, scientists, and academics that are primarily focused on Monero research are listed below. They have chosen to remain pseudonymous for the moment. They are:

    Surae Noether: Lead researcher for the Monero Research Lab, Surae holds a PhD in Mathematical Sciences and brings a rich understanding of cryptography and homological algebra to the mix.

    Shen Noether: A graduate student focused on algebraic geometry, it is Shen's command and knowledge of cryptography that lends itself so well to his involvement in the Monero Research Lab. Shen is also responsible for finding and showing proof of concept that SDC (Shadowcoin) is indeed not anonymous. He did this by pointing out what was wrong with their logic and when they were unable to understand his results and accused him of lies he revealed the SDC entire blockchain.

Sarang Noether: Having completed his Masters in Mathematical Sciences, Sarang is currently completing his doctoral degree in Physics, while devoting time on the side to the advancement of Monero research.

Supporting arguments can all be found in these links including Prominent members of BTC's Developers.

https://www.reddit.com/r/Monero/comments/46gfgv/list_of_prominent_bitcoin_people_that_spoke/

https://lab.getmonero.org/

In addition, the cryptonote whitepaper + the review by MRL:

https://cryptonote.org/whitepaper.pdf

https://downloads.getmonero.org/whitepaper_review.pdf

And this is not even touching on the programming team whom I am sure you will also find beyond competent. The list is far to long you can easily find it on github.



10937  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: March 12, 2016, 03:20:27 AM
I'd suggest linking them all of our whitepapers listed here:

https://lab.getmonero.org/

In addition, the cryptonote whitepaper + the review by MRL:

https://cryptonote.org/whitepaper.pdf

https://downloads.getmonero.org/whitepaper_review.pdf

Finally, you could send them this list:

https://www.reddit.com/r/Monero/comments/46gfgv/list_of_prominent_bitcoin_people_that_spoke/

That shows that at least some of the people on the list have looked at the code and/or whitepaper.

PS. It seems like you got a different reply than the standard one reported by other community members here.

Yes it looks like a move in the right direction, thanks for collecting the links I'll reply with them. Smiley

I would recommend everyone else does as well.


ADDED:

OK, here is a letter I've compiled for Kraken with Debruyne's provided information. What changes would you guys recommend?


Quote
It has come to my attention that the reasoning behind not providing a Monero pairing (ticker - XMR) is that you feel the code would have to be vetted which will take resources you do not currently possess. I would suggest that this is indeed not needed in this case. I premise this view by presenting you with the formal actors whose credentials I think we can agree on are beyond reproach.

The Monero Research Lab

The Core Team forms an integral part of the Monero Research Lab, but the researchers, scientists, and academics that are primarily focused on Monero research are listed below. They have chosen to remain pseudonymous for the moment. They are:

    Surae Noether: Lead researcher for the Monero Research Lab, Surae holds a PhD in Mathematical Sciences and brings a rich understanding of cryptography and homological algebra to the mix.

    Shen Noether: A graduate student focused on algebraic geometry, it is Shen's command and knowledge of cryptography that lends itself so well to his involvement in the Monero Research Lab. Shen is also responsible for finding and showing proof of concept that SDC (Shadowcoin) is indeed not anonymous. He did this by pointing out what was wrong with their logic and when they were unable to understand his results and accused him of lies he revealed the SDC entire blockchain.

Sarang Noether: Having completed his Masters in Mathematical Sciences, Sarang is currently completing his doctoral degree in Physics, while devoting time on the side to the advancement of Monero research.

Supporting arguments can all be found in these links including Prominent members of BTC's Developers.

https://www.reddit.com/r/Monero/comments/46gfgv/list_of_prominent_bitcoin_people_that_spoke/

https://lab.getmonero.org/

In addition, the cryptonote whitepaper + the review by MRL:

https://cryptonote.org/whitepaper.pdf

https://downloads.getmonero.org/whitepaper_review.pdf

And this is not even touching on the programming team whom I am sure you will also find beyond competent. The list is far too long you can easily find it on github.

10938  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 12, 2016, 02:56:24 AM
For the love of God can some exchange please let me buy XMR with US Dollars.  I mean really, I hate Bitcoin transaction speeds.  Over an hour now to transfer BTC from Coinbase to HitBTC.   Another reason Bitcoin is falling behind not enough nodes out there to process payments or transactions faster.   Ok rant over.

I'm with you 100% on this!

For the love of God can some exchange please let me buy XMR with US Dollars.  I mean really, I hate Bitcoin transaction speeds.  Over an hour now to transfer BTC from Coinbase to HitBTC.   Another reason Bitcoin is falling behind not enough nodes out there to process payments or transactions faster.   Ok rant over.

Actually, that would not speed transactions because the same average number of blocks would be found per hour.

What you really are ranting about is block size...

Potato, patato the point is BTC is Worthless to us.

For the love of God can some exchange please let me buy XMR with US Dollars.  I mean really, I hate Bitcoin transaction speeds.  Over an hour now to transfer BTC from Coinbase to HitBTC.   Another reason Bitcoin is falling behind not enough nodes out there to process payments or transactions faster.   Ok rant over.
. FWIW be careful with hitbtc.  I have had coins locked up over there for days before.

Yeah when I was doing my diligence I found that exchange to be an unacceptable risk, the same as craptsy that most of us were warning about while people we scampering to get us on there.

Coinbase creates two (apparently low-fee) tx for every BTC withdrawal.  They are flooding the system to push the Classic agenda.

Solution?  Stop using CoinBank!

I have but we really need a trustworthy pairing outside of fincen for the long run. Even if it is just BTC/XMR.


I was thinking the other night about something that could possibly fix this issue, in a "thinking outside the box" type of way.  When thinking about this, I was thinking "for the sake of anonymity" rather than the cost of how to do something like this.

It is no doubt that the most anonymous way to buy Bitcoins is to buy in cash.  People are sometimes hesitant to do something like this, because that would have to involve a high amount of trust to the seller that the person won't just rob you and probably would be hard to coordinate a time and place that would satisfy both the buyer and the seller... and so on.

The better suggestion would be then to tell someone to go to a Bitcoin ATM.  Problem with this is the obvious one that there are usually no Bitcoin ATM's in someones location and that person would have to travel hundreds of miles to go somewhere, usually a big city, that has one of these things at some store.

So here is what I was thinking:

Now I know that this would require some initial investment from the buyer... but here it goes.
What if you could order a small "safe" that could be shipped to someones house that is capable of hooking up to wifi or just a direct internet connection.  It could be shipped via UPS to someones door or P.O. box, and then you can use that "safe" to connect to some theoretical exchange site; where you can insert fiat into the machine (kind of like a vending machine) that allows you to "purchase" XMR.

Each time you insert X amount of fiat in the machine, it allows you to purchase Y amount of XMR in USD/XMR; rather than BTC/XMR through the exchange at that specific point in time.  You can keep the machine as long as you'd like, and while you keep the machine, every XMR you purchase will be kept in cold storage held by the exchange.  Then when you feel like "cashing in" on all the XMR you have purchased, you can ship back your "safe" to the exchange address.  Finally the people at the exchange would be able to check that the safe hasn't been tampered with and also that the correct amount of fiat is in the safe; which then afterward they will release XMR to your specified address.

---

I know this would require some initial investment on part of the people who would want to run an exchange (plus the people wanting to purchase XMR) like this; but I feel like this would be an absolute killer way to purchase XMR, and cryptocurrencies in general; which would be purchased with spare cash they have on hand, not having to deal with banks, somewhat anonymous (especially when sending to a P.O box), etc.

Could just be a pipe dream I had though... whatever, I thought I would share with you guys though.  Cool

At this point in the game I'm not worried about the anonymity of my purchases as much as being able to make them.

I like your outside the box thinking but someone would just rip off the box.

Well the scenario that hedge fund managers even taking the time to listen to someone promoting an altcoin to bitcoin, which is regarded as a criminal tool used to buy drugs, guns, etc; is just as highly unlikely as well.  Theoretically speaking, I would think talking to someone in a more conservative manner while presenting facts about the pros and cons of XMR looks better than promising 1000X per investment right off the bat... looks less like a scam in my mind, and I would think the same for investors who have no idea what the uses for cryptos are; besides what the media portrays.

If it's one thing I've learned through life, It's that pencil pushing moneymen could give a shit less what something is being used for as long as they can get their cut. Where did you get that stupid idea that these people have morals?

Cash to XMR is already available using AltQuik (sp?) as long as you are not in New York

Purchase book has very limited amount for sale. It's not a portal but a OTB site.

https://www.altquick.co/buy-2.php?coin=XMR

Also to buy 1k this is not remotely close to a fair buy.

Code:
XMR for sale: 1167.968666
( 387.064831 minimum purchase)
USD required: 1357.8756
XMR / USD : 1.162596



Does anyone know what it would take to make this happen on our own? A member TheKoziTwo I think ran one first but closed when we got on Polo if I am remembering the facts straight. Maybe he could help?
10939  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: March 11, 2016, 07:50:11 PM
http://www.zerohedge.com/news/2016-03-10/incredible-story-how-hackers-stole-100-million-new-york-fed

AFA Kraken

I got this reply.
Quote
   

Alexander (Kraken Support)

Mar 7, 05:23

Hi,

Thank you for asking about Monero. Currently, we don't list this coin.

But we invite you to follow our developments, like listing new coins or adding payment partners, on Facebook and Twitter:
https://www.facebook.com/KrakenFX
https://twitter.com/krakenfx

Have a great day!

Regards,

Alexander
Kraken Client Engagement

I think linking them to a peer review as well as the Monero Scientists bio's should be enough to allay their fears that they do not need to VET XMR.
10940  Other / Off-topic / Re: Lets play a game of Chess on: March 11, 2016, 07:04:45 AM
What do you all think about this concept?

https://www.kickstarter.com/projects/507726696/quantum-chess

Chess moves with uncertain (but based on calculable probabilities) outcomes. Is adding some element of "luck" to chess games positive or negative?

See the game in action: https://www.youtube.com/watch?v=LikdmXfWO2A

Pretty cool.
Pages: « 1 ... 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 [547] 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 ... 697 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!