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I tend to agree with this post mainly.
However as regards of botnet miners, what is exactly the bad thing about it (besides it makes it harder to mine for average Joe who has all the sympathies of us?). If I am not mistaken, botnets actually benefits the coin as the mining is more diversified as opposed to bitcoin that are mined in a large scale at "mining factories" in Iceland or China....
Lets not forget if the botnets are not mining they are DDoSing. |
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My version of a reality check:
TA on Monero:
Yes. It has meaning, but Monero is thinly traded on a single exchange primarily, and it has a fairly small liquid available float and it is tightly held by zealots while some traders duke it out with what's left over to shoot back and forth at each other.
Monero is an alt coin:
Alts are just simply negative EV propositions. Period. Take a look at historical charts for all alt coins. The all look like triple black diamond ski slopes. There are obvious reasons for this. Most alts are scams. All alts are competing with papa bitcoin for value.
Alts are all suffering badly right now.
Look at polo. Its a effing bloodbath.
Moneros dirty little secret is botnet miners.
There are some good arguments to be made for botnets. But there are some unfortunate realities too. One is it is highly profitable for bot shepherds to mine mine mine dump rinse and repeat. Some may like making videos of the dumps with music soundtracks and digs at rich Finns.
All the talk about manipulation etc... Meh. Sure there is some, but the conspiracy theories floating around sound pretty silly to me.
Monero goes up. Monero goes down. Without a fairly lucky black swan type event 'down' is gonna dominate.
I personally think it's worth the risk. I think it is one of the only cryptocurrencies which has a good shot.
cAPS out...
That is no secret and it's never been denied. |
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So, how low is this gonna go?
I'd be interested to read some predictions too. I can make this the bottom. I will dump everything I have on polo (you probably won't notice) and that will cause an abrupt increase in price, never to revisit. Are y'all ready for this?! Lol, I hear ya!  |
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Seriously my man!
It is like: "I prefer buying XMR at 1.45 USD each instead of 1.53 usd.
Right now I would not take the chance the whale(s) decide they have gotten all they can and allow it to triple up so right now it truly is gambling. Although yes if your only investing a few bucks 5% makes no difference, but that is general advice for buying right now as I see it. And you never really know if 25 or 50 really means 25000 or 50000. I hope after all this shakes out those that have been doing this post exactly why it is panning out as we have been seeing. The dynamic has been quite boggling at times. I just hope all the shorters lose their shirts and those lending for dust get burnt by shorters (alt accounts used for just that I would think) that can't make the call. Lets not forget you can have all the anon accounts you want if you are never going to withdraw them so you can setup some real damage with an account you never expect to withdraw from that is just manipulating for your main account. And all the dumb ass lenders get burned when the house of straw catches fire. I would consider lending in this market more gambling then playing the market.  |
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I do believe in Monero in the longrun, honestly I cant afford to invest alot though. should I see how it goes with say $25 or $50....and what price should I be looking to score XMR at? Sorry for the noob questions <3
Nobody knows. How about investing because it is the right thing to support and you believe in it ideologically. Instead of investing for profit. What ever profit you get, consider that icing. I'm not trying to make a quick buck off of it, hence my "believing" in it, not that it can make me however much money but that it will eventually be a stable currency The only one(s) that can answer that with certainly is the whale(s) and they aren't talking. And even if they did could you trust them? This market is 100% manipulated ATM and the funny thing is it is by such a(?) large entity(s) that they either don't care or want everyone to know that fact. I fucking hate english, hope I wrote this right. Lol If I were you I would put a buy in at 5% below the last week average and just wait until it gets filled and if the order doesn't get filled in a week I'd consider that the floor and buy at market price. But really, No-one can answer your question that you can trust. |
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Hey, here's an idea Dumbass. TRY the FUCKING IRC DEV Channel!
Please, don't give that guy that idea (with anyone else, sure though). LOL just -v if (i mean when) he trolls. It'll be Fun! The 89 XMR is simply asshole tax you are being charged by the network.
ROTFLMFAO! Seriously someone help him unload the rest so he's nowhere to be seen anymore. Primer, why don't you just donate that wallet for a bug fix.  |
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Still no cryptonote? All those fake anon coins and premined scamcoins. LOL Remind me what this exchange is for again? Was it For anonymity? And still no crytptonote? I'm really disappointed and this is why I keep an eye on it through a proxy and have no need to run I2P. And if any Scam Crytonotes are added before XMR (one of the few non scam ones and the obvious leader) you can damn well be sure you will never get any volume. For those of you that don't know the B Y T E C O I N scam. https://bitcointalk.org/index.php?topic=740112.0 |
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sweep_dust ?
sweep_dust Sweeping 1.442914014341 for a total fee of 0.170000000000. Is this okay? (Y/Yes/N/No)y Error: transaction <02bb556c411bb81861c09d3aff998908402100bc5415c55c9ab5731c0cb70b9f> was rejected by daemon with status: Failed I've not had these issues before the fork/upgrading to 0.9.3 bins ... Well, there are some other tricks out there... rescan_bc might work there's the tried and true deleting everything with .bin and building from scratch. But I'm just shooting from the hip. What you are describing has been noticed and fixed before, I just don't remember what the underlying issue is or what the exact fix was. Or this is some bug that will be addressed soon. This is a bug and the devs are keeping quiet like bitches. Yes, you don't have 24/7 Volunteer dev support holy fuck this coin sucks!. Hey, here's an idea Dumbass. TRY the FUCKING IRC DEV Channel! |
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I have been leaving forums since before you were playing Civilization II....
Made me miss Civnet. Oh and OMG I'll have to kill myself it price doesn't go up over weekend. |
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Someone will have to vet the NSA algorithms.
I believe one of the existing public-key algos has a critical weakness that was deliberately introduced. Is that correct?
Dual EC DRBG is not used but I think you are referring to a weakness in Diffie-Hellman, The weakness has to do with the fact that many applications use the same prime numbers. It is in the way it is used in many applications that the same prime number is always chosen which makes it Easier to break than a random prime for each key generation. Or at least that is how I understand it. I'm sure others will explain in more detail. If you understand Cryptography here is the paper. https://weakdh.org/imperfect-forward-secrecy-ccs15.pdfThe Team has been well aware of the dangers of quantum for some time now (over a year for sure) and there are many in the world working on solutions. NSA used to recommend Suite B but from what I gather that may not be strong enough so they are recommending a wait approach for a new breed forthcoming. This is a good read. http://csrc.nist.gov/groups/SMA/ispab/documents/minutes/2015-06/ispab_june-11_quantum_lchen.pdfHere's a good article on Q.C. http://www.wired.com/2015/09/tricky-encryption-stump-quantum-computers/ |
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In that case the wallet owner could easily have moved smaller amounts with mixing to not be noticed. This was intentional.
It is possible it was an exchange, if so I would like them to affirm that. *cough Polo
RingCT will take care of this. Really? Nice wanna give a ELIA rundown? BTW does anyone use b itcointa.lk? [1] Read -> http://weuse.cash/2016/01/09/tying-up-loose-ends-with-ringct/[2] Why would you use that instead? Seems like a possible password grabber. 1) Thx 2) That was my question. Wow, forum is screwed. The word uᴉoɔʇᴉq prints upside down and it replaced the word "m o n e r o" with "darkflarb"
Hmm, I think I would check the date. |
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In that case the wallet owner could easily have moved smaller amounts with mixing to not be noticed. This was intentional.
It is possible it was an exchange, if so I would like them to affirm that. *cough Polo
RingCT will take care of this. Really? Nice wanna give a ELIA rundown? BTW does anyone use b itcointa.lk? |
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speculation: the money was moved in response to something the mover thought was a more severe issue than letting everyone know that 500k was in one wallet.
In that case the wallet owner could easily have moved smaller amounts with mixing to not be noticed. This was intentional. It is possible it was an exchange, if so I would like them to affirm that. *cough Polo |
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I want to know who made that 500k transaction and why they did it knowing it would be noticed? How will that benefit them? I think it only hurts the worth as a whole to know that much at least is held by one entity. Was it another scare tactic to keep suppressing the value for accumulation?
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FYI: Tor has been compromised. I'm not sure if it would be easier to track transactions through a compromised node than not but I would think so. There are provably no logging VPN's (one had already been subpoenaed and was unable to provide much info) so I am guessing nesting one in would help. I don't really keep up too much on it so I have no Idea if you can test your tor nodes but I would think using a node that has been up for longer than the addition of the nodes that were/are compromised should be safe. I don't know the date they were added but I believe it was all at once. And I'm sure there were nodes in place that were also used so it would be a gamble I guess to even use one of those. Hey this is a really good watch if anyone hasn't seen it. The.Town.That.Took.On.The.Taxman magnet:?xt=urn:btih:dedc95d700a3cf86526a5f42b8bbcb7265a2cbca&dn=BBC.The.Town.That.Took.on.the.Taxman.720p.HDTV.x265.AAC.MVGroup.Forum.mp4&tr=http%3a%2f%2fwww.mvgroup.org%3a2710%2fannounce&tr=http%3a%2f%2ftracker.ipv6tracker.org%3a80%2fannounce&tr=udp%3a%2f%2ftracker.openbittorrent.com%3a80%2fannounce&tr=udp%3a%2f%2ftracker.coppersurfer.tk%3a6969%2fannounce&tr=udp%3a%2f%2ftracker.leechers-paradise.org%3a6969%2fannounce&tr=udp%3a%2f%2fopen.demonii.com%3a1337%2fannounce&tr=udp%3a%2f%2finferno.demonoid.ooo%3a3392%2fannounce |
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Do you have suggestions for how the developers should respond to this threat now (aside from panicking)? Wait then fork as per schedule? In August, 2015, NSA announced that it is planning to transition "in the not too distant future" to a new cipher suite that is resistant to quantum attacks. "Unfortunately, the growth of elliptic curve use has bumped up against the fact of continued progress in the research on quantum computing, necessitating a re-evaluation of our cryptographic strategy." NSA advised: "For those partners and vendors that have not yet made the transition to Suite B algorithms, we recommend not making a significant expenditure to do so at this point but instead to prepare for the upcoming quantum resistant algorithm transition. |
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The very best humans find a healthy balance between hedonism and meaningfulness.
WWTSD?
 Let me tell u the real problem with XMR.
its the devs, they dont work hard enough to make this wonderful coin succeed im waiting for 2 years for an GUI wallet not that i cant run a simplewallet !!!
its about adoption we need a GUI to go mainstream but the devs are taking it easy lets wait another year or maybe 3 years fk it im out for now
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what services are coming, or features to monero that may increase its usage? the value seems stagnant for long time already
Please stop sigspamming. it was a legit question but since you think it was spam, i'll post this again in one week without the sig, i'm curious about your answer What a stupid post, you were spamming don't try to weasel out of it. Be a man, admit it and move on. There is ZERO chance you have no clue what has been going on if you even read ten posts of any XMR thread ANYWHERE. what services are coming, or features to monero that may increase its usage? the value seems stagnant for long time already
Please stop sigspamming. it was a legit question but since you think it was spam, i'll post this again in one week without the sig, i'm curious about your answer
So I'm giving you the benefit of the doubt that you are sigspamming and not merely stupid. Please go away. In case anyone else is interested, here are the design and development goals: http://getmonero.org/design-goals/how the value is increase by 300% if it was 500k satoshi at the beginning, with a nearly 900k satoshi for the all time high? i'm not talking about a returning to the main situation, that's not an increase for me, a pump after a dump is not an increase, a real increase is when you float above your ath, everything else is only a p&d which lead to stagnation Which part of the bolded were you unable to comprehend? Looks like your just a troll that was sig spamming and is now in attack mode when called out on it. Why don't you just crawl back under that rock? Or do what I said in the above quote. |
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If we advocate Bitcoin (read: crypto e-cash) becoming a critical system, how can we not also advocate multiple redundant backup systems?
Your "LTC as a backup" argument has never made sense to me. LTC would fail as a backup because it offers no security balance, and will suffer the same hypothetical fate as its bigger brother. Think about it: if the bitcoin network were suddenly brought to its knees, how would anyone be safer in LTC? AEON backing up XMR is equally absurd. I'm no LTC fan (as it has lost it's initial goal, ASIC resistance) but I see where it could survive where BTC would fail as it is still far more decentralized. I really think they should hard fork to a ASIC/GPU resistant algo though. Just in doing it once would show that they would be willing to do it again if ASIC's are designed for it again. But I think that bus has left the station and in the coming years LTC will be right where BTC is now. Doge merged-mining has really helped them though I would say as far as security goes but I don't see that happening again any time soon and will become m00t when difficulty gets high enough. Yeah, Aeon backing up XMR is an absurd thought. What Aeon should do right now to set itself apart and become a contender for an actual usable currency is... I'm not going to say unless I decide to get in it. |
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