Wooow so addresses aren't deterministically derived from the login seed/password? I uninstalled and reinstalled and now it gave me a new address and a zero balance but I never touched the working directory. Unless windows deleted the working directory on its own when I did the uninstall. But that would be very a-typical. No cryptocurrency I have ever worked with has had its working directory deleted during an uninstall.
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If you want to do me one more favor. When I get back from the store I want to test how long it takes for a transaction to arrive after it is sent. This can literally be a token amount. 1 iota if you like. Anyway be back in a bit.
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I do! Thankyou very much. They were there when I woke up in the morning. Dont know how long it took to get there though.
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This project has your style written all over it cfb. How about sending me a measly 1Ti?
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Im getting "connection refused" now when I try to login on my client. *edit* ok well apparently my attempt to update my IRI from the hourly updated dropbox archive messed things up. how do i know if im synced with the network properly? Look at your number of transactions (bottom of window). If not shown yet -> VIEW -> Show Status Bar (from the top of my head) Currently there are around 541336 transactions / 11564 milestones (in brackets) Status bar shows So I don't have quite as many as you said but its pretty close. Is that close enough for government work?
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Im getting "connection refused" now when I try to login on my client. *edit* ok well apparently my attempt to update my IRI from the hourly updated dropbox archive messed things up. how do i know if im synced with the network properly?
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The hackers funds belong to him legitimately free and clear on the etc chain because of the professed principles of the etc devs and community (ones that the devs abandoned and subsequently forked the chain to make a new ethereum without inconvenient principles). ... That is open to argument because different people see it differently even in the ETC community. But that is not the real problem. The real problem is what does the attacker intend to do with all that ETC? Also can he sell them somewhere other than the exchanges where they will be surely frozen. The attacker also donated 1000 ETC to the address of the ETC developers. Cheap he should donate a lot more. He should. If he wants to appear legitimate and he wants his stake to be worth anything he should donate ATLEAST 1/3. Time will tell if he is smart enough.
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If it wouldn't be too much trouble, could I get some units to play with? Here is my address. DAHYOQPAX99FQMLPKGRHJEOKALKCEROWMRTWKGHGIIHG9W9CUAGZGYSERSALHASLOCACUQIGHKJJAKR9M9DORIAFNV
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I think ETC should not receive or return the reward from the hacker.
The whole point of this project is to stand behind the principles that imply that he is not a hacker at all. Those funds legitimately belong to him. He can do as he likes with them.
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The hackers funds belong to him legitimately free and clear on the etc chain because of the professed principles of the etc devs and community (ones that the devs abandoned and subsequently forked the chain to make a new ethereum without inconvenient principles). But either way I smell an etc buying opportunity if people react very poorly to this news.
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EDIT - spoke too soon
Seems to be reacting well. I'm surprised it isn't melting the thin support.
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There has been an influx of 600.000.000 fresh $ to the crypto market within the past days. The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero. Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on. Everything you said made sense except the decline in btc market cap. Surely the influx of fiat into btc is raising btc's market clearing price and hence market cap. Fiat flows into btc. BTCUSD goes up. Btc flows into XMR. XMRBTC goes up. End of story until new flows occur. Btc wins, and monero wins˛. Only fiat loses. This is right. But it is relevant to consider that someone who just sold usd and bought btc is less likely to sell btc for usd than someone who just sold xmr for btc.
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Oh lord. If this were the first thing ever proposed by these people and they were academically serious I might "slide some profits" into it too. But these are just the same apes who came up with "monero classic". They had no vision back then. They suddenly have a vision now? No. They are simple opportunists trying to make a quick profit. They will wear the narrative as thin as they can and bolt just before it breaks (if they are lucky). And its obvious to all but the hopelessly greedy.
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Were other people unable to access BCT for a couple hours?
time to take a nap? HA! That is exactly what I did.
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I would like to purchase some iota. Please pm me if you have some for sale.
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Were other people unable to access BCT for a couple hours?
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TA is very apt for a speculation thread. I find it comforting when many are predicting correction. It implies money on the sidelines.
Who is the "vulture" guy?
People on the sidelines might be the very same people pumped bitcoin up on Sunday. Monero dump can possibly be also just manipulation with excessive dumps on margin. I do not like the fact that the margin dumpers can make money with Monero. We need enough liquidity to eat all the dumpers alive. Dumping should not be the way to make money - nobody benefits from it. It hurts the community as a collective when their investments lose value. Also those who dump can very well be in long position and make their money in that way, win-win situation. That can be achieved if there are enough bids close to the market. Its like you said. We need enough liquidity to eat all the dumpers alive. If there isnt that yet the price is still high, this is an indication that maybe the price ought not be so high. A high price on low liquidity is not healthy. Short sellers help to keep this in check. They are useful little parasites. Like medical leeches.
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the funny thing is: BTC @ 5 USD seemed more unreal at the time back in the days than XMR at 13 USD atm.
Haha yep. I remember going screw this im not paying 5 effing dollars for a single bitcoin. Ended up caving eventually and buying at 25. Now it's 600.
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Hash rate closing in on 40 million.
Astounding. Everyone switching from ETH to XMR? Hash rate closing in on 40 million.
So it's only CPU and GPU mining right now. How many months/years until ASICs? I always read it was "Asic-resistant", however IDK what that really means. I mean, couldn't someone develop an ASIC for cryptonote? Is anyone trying? Of course. You cant resist that entirely. In a perfect world though (and i imagine an omniscient being could theoretically do this) you could design a hashing algorithm where a desktop pc WAS its asic. Of course we are mortals and no one can reverse engineer like that but cryptonight is an attempt to get as close to that as possible. A cryptonight asic would conspicuously resemble a consumer pc in many ways.
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I've seen a handful of people mentioning the possibility of XMR overtaking BTC. Is this just XMR fever talking, or is there some rational basis for this argument?
I see the odds of XMR overtaking BTC being close to nil. That said, I believe there's a high probability it could be a strong 2nd, overtaking LTC as BTC's "silver".
I'm certainly not going to say it will. But I will say there is a rational reason to expect that it might. Bitcoin was supposed to be digital e- cash. Cash has to be fungible. Monero is the best fungible digital e-cash contender out there right now. The day people start to worry about whether the funds they are being paid in are tainted. They start to feel that sense of creeping dread that maybe that 20 grand they just accepted as payment for their car could be worthless. That is the day they switch to XMR in mass. Unless bitcoin manages to overcome the politics that are burdening it and find a solution to this problem. Which they might. Won't confidential transaction solve the problem of fungibility of bitcoins? Right now that proposal is for a soft fork and it is essentially a hack. Consequently confidential transactions will consume far too many resources to be practical. A hard fork could solve this. But then there's that politics I mentioned. A hard fork is extremely political when it comes to bitcoin. *edit* also what smooth said. thanks smooth.
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