I've heard ZCash had some very ugly things to say about Monero lately. Any comments on that?
More shittalk again? Dont you ever get tired? LOL! Go back to ur shitdash that is premined. Some ZCash folks said Monero has a single point of failure that once exposed can suddenly unmask the whole network. They have also stated Dash offers better anonymity with the way the mixing works. Of course they believe their system will be better than Dash even, which I don't think will be the case but hope dies last as they say. Talk is cheap now isn't it? |
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Here is the big issue everyone is ignoring:
If somehow mandatory ring signatures, and protocol level mixing, etc etc were all added to Bitcoin.... Then we would need a new Bitcoin.
Why? Because a public, non-fungible Blockchain enables applications and functions that can't mathematically and logically be done with a fungible and private Blockchain.
So there is no point. If you were born with a natural talent for coding or painting, don't try to be a football superstar. Develop your natural talent - in the case of Bitcoin this is being a public and non-fungible Blockchain.
There isn't really a thing a private, fungible Blockchain can't do which a public, non-fungible Blockchain can do. Not true. You'd get a whole lot of things to require cooperation of the involved parties, that you at the moment get whether they like it or not. (detective work, tracing, proovable reserves...). Some others are technically not that clear, depending how private you go. The concept of colored coins is antagonist to perfect fungibility (if such thing exists) for instance. The concept of "colored coins" makes me think of coining the term "CRYPTO RACISM".... "Don't hate me because I'm black!" Monero does not crypto-racially discriminate. <----- could be a slogan for Monero lol |
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It feeds my self-interest to get the highest possible interest for my loans. If I stab someone to the back, what shall I expect to get back? Praises? I think others will stab me also so it is my best interest to play nicely so to say...
For me it is simply important to get the coins employed as much as possible but at the highest possible rate, not at minimum interest.
-cartel talk- I feel very uncomfortable reading this. It opens our flank to all kinds of attacks. From troll polemics to more serious legal issues, of which not the least is legal action against the exchange. Strangely, I am not feeling that uncomfortable. Cartels are something that in the free world should be able to form. Personally I am not that afraid of troll attacks since I do not simply care, however I see your point, some people might be more sensitive to internet trolls in a way that those trolls might have some power over them. Generally speaking, smart money people however do not care so much about trolls screaming from their caves. To lend XMR to shorters is basically the only thing one can do with XMR in real world. Personally I am interested in investing to assets that bring me passive income but are also backed by a collateral. XMR loans in Polo is such asset. You conveniently left out the legal issues. We should also be able to grow weed in a free world but that doesn't make it so. You admitted to your self interest upthread so no point in discussing this. You'd probably sell your cat to a specialties restaurant if the price were right.Lastly, no one is saying you shouldn't lend your XMR and earn money with it. Publicly discussing the formation of a cartel is a whole different issue. thanks for the laugh for today buddy LOL  |
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I think we are gonna hit a new high soon but I wish we tanked for awhile until that wall douchbag dumps. I won't be buying for awhile.
I don't recommend trying to time the market, especially a particular market so arguably distorted by underpricing as Monero's. Just buy your ticket, get on the train, and play on your smart-phone until it leaves the station. Don't sit at the bar rationalizing just one more tasty margarita, because you might not have time to take care of the check when the all-aboard whistle blows. To extend and clarify your analogy the longer you wait the further you have to run to catch up to the train. RUN FOREST RUN! lol |
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Large price rises can be helpful, because they enable you to say things like "I just turned $13,000 into $25,000 over the weekend." That gets people's attention. As well, we have great graphics than can help illustrate why Monero is going to be a very big deal in the future. Of note is the professional chart showing how Monero is essentially the holy grail of money. ( https://i.imgur.com/E3KA0Ug) I've been talking about crypto relentlessly for years now, and I know I've likely annoyed the hell out of some people, but enthusiasm is contagious: if you believe in Monero like I do, you need to have it too. Your enthusiasm needs to be so bright that it inspires others to want to talk about it too - that's how a movement is created. Monero might be a very real thing, and it might be one of the greatest technological advancements in the history of our civilization, but if people don't know about it... It is meaningless. The problem we face is that Cryptonote is so intricate that it becomes a challenge to express to the average person why this matters in their life. But it is possible. More than ever, citizens everywhere are excited about money and rethinking ways to get involved with it. I hear more stock market 'watercooler chat' now than I've heard since 2007. We need to recognize that this is not some obscure nerd toy - you have the extreme fortune of being involved with one of the largest financial networks on Earth before anyone else knows about it. Don't keep that secret to yourself! There are a lot of great arguments to help the average person understand why this is important: "Don't you think the average wealthy individual will be interested in a secure and private financial network that lets them store their wealth where no one can touch it or track them?", "If the smartest people in the world didn't think this was possible 20 years ago, don't you think there is likely a lot of powerful interests carefully considering how to best use this powerful invention?", "People thought Bitcoin was foolish too, but it entered 2013 at $15 each and ended 2013 at $750 each", etc. In fact, a few people have even expressed interest in owning some Monero. Of course they have gotten the standard warnings: "I'll help you, but realize this is extremely risky, and you may lose every cent you put in...." But they seem to understand the risks and want to play. Maybe we will all lose our money, and maybe not. It's a risk, and risks are necessary in the financial world to grow. I know this though: there are few, if any, more pure and honest economic projects out there than this. The fact that it just might have the largest growth potential of any asset in the world is icing on the cake. Don't promise people the moon: you can't promise them that. Promise them a chance to be part of the initial cadre of what may become the future financial Internet, because that is an honest statement. Let your excitement be so virulent that others catch it too. We are, whether we realize it or not, by virtue or circumstance, one of the most important people on Earth. Let's act like it. The part about wealthy people wanting to store their money without being tracked is probably true. The other side of the coin is when a wealthy person looks at monero they probably see a new technology that needs to stand the test of time. The third thing is, they see the marketcap of Monero and begin to laugh. If your networth is more than the marketcap of the coin, why on earth you should put (most or all of) your money into it? A possible valid view point. But not universal. Some wealthy people don't always look at market cap as an indicator of "I should buy in". Some actually have foresight as well. |
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Large price rises can be helpful, because they enable you to say things like "I just turned $13,000 into $25,000 over the weekend." That gets people's attention. As well, we have great graphics than can help illustrate why Monero is going to be a very big deal in the future. Of note is the professional chart showing how Monero is essentially the holy grail of money. ( https://i.imgur.com/E3KA0Ug) I've been talking about crypto relentlessly for years now, and I know I've likely annoyed the hell out of some people, but enthusiasm is contagious: if you believe in Monero like I do, you need to have it too. Your enthusiasm needs to be so bright that it inspires others to want to talk about it too - that's how a movement is created. Monero might be a very real thing, and it might be one of the greatest technological advancements in the history of our civilization, but if people don't know about it... It is meaningless. The problem we face is that Cryptonote is so intricate that it becomes a challenge to express to the average person why this matters in their life. But it is possible. More than ever, citizens everywhere are excited about money and rethinking ways to get involved with it. I hear more stock market 'watercooler chat' now than I've heard since 2007. We need to recognize that this is not some obscure nerd toy - you have the extreme fortune of being involved with one of the largest financial networks on Earth before anyone else knows about it. Don't keep that secret to yourself! There are a lot of great arguments to help the average person understand why this is important: "Don't you think the average wealthy individual will be interested in a secure and private financial network that lets them store their wealth where no one can touch it or track them?", "If the smartest people in the world didn't think this was possible 20 years ago, don't you think there is likely a lot of powerful interests carefully considering how to best use this powerful invention?", "People thought Bitcoin was foolish too, but it entered 2013 at $15 each and ended 2013 at $750 each", etc. In fact, a few people have even expressed interest in owning some Monero. Of course they have gotten the standard warnings: "I'll help you, but realize this is extremely risky, and you may lose every cent you put in...." But they seem to understand the risks and want to play. Maybe we will all lose our money, and maybe not. It's a risk, and risks are necessary in the financial world to grow. I know this though: there are few, if any, more pure and honest economic projects out there than this. The fact that it just might have the largest growth potential of any asset in the world is icing on the cake. Don't promise people the moon: you can't promise them that. Promise them a chance to be part of the initial cadre of what may become the future financial Internet, because that is an honest statement. Let your excitement be so virulent that others catch it too. We are, whether we realize it or not, by virtue or circumstance, one of the most important people on Earth. Let's act like it. The part about wealthy people wanting to store their money without being tracked is probably true. The other side of the coin is when a wealthy person looks at monero they probably see a new technology that needs to stand the test of time. |
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Some people don't like it when I'm overly pragmatic, but I think it's important that you understand the scenarios. - The most likely scenario is that Monero fails entirely, due to lack of funding / a major break in Curve25519 or some other cryptography / general apathy towards financial privacy.
- The second-most-likely scenario is that Monero never has a meteoric rise in value because it has no fixed emission (from 2023 onwards it becomes slightly disinflationary, <1% inflation a year) and it never achieves more than niche usage.
- A less likely scenario is that Monero does have a meteoric rise in value, not due to artificially limited emission, but due to some uptake in its use (ie. it is priced based on utility, not based on artificial scarcity).
- Perhaps the least likely (at this stage anyway) is that Bitcoin flounders and collapses at a time when Monero has achieved a degree of maturity in its development, and there is an in-rush of former Bitcoin holders (well, those whose FOMO is greater than their fear that the tail emission will never make them "rich").
Given these scenarios, if you have limited funds I would advise that you DON'T buy any Monero. If you are not comfortable with the massive risk you are taking, then DON'T buy Monero. If you want to play around with Monero then DO buy a very small amount (I assume $10 wouldn't be too much of a hit). I endorse the advice, but must disagree with the implied case distribution estimate. ( It is good and proper for FP, in his role, to emphasize these risks, however. ) Funding has always been tight, but even abandonment would be survivable because open source. The curve, well... I ascribe negligible probability. Has financial privacy ever been a greater concern for wealth holders? Is it likely to become less of a concern? Guess what I think. I dare you. I consider the resistance to volatility an asset. Without it, we might have much more wealth concentration, pressing fair distribution concerns. Would you guys, even though this is the speculation thread, be interested in some (daily) crossposts of salient reddit posts? I'll try to format them together in one post if interested.
Yes but it would be improper here. On-topic moderation is in effect, and should be just, blind. Its so absurd how many trolls constantly lie about how the xmr devs pump the price when the opposite has always been true. The opposite as in "the devs dump the price"? |
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wow lol the market for things to sell always seems to amaze me.
Pretty soon people will be selling dirt for BTC.
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bumping this thread because XMR is mooning us all.
New thread: Monero under one dollar? What the hell are you waiting for?What the hell is Monero? From what I hear it is also a breakfast sausage. |
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When whales are back after a long time and shilling altcoins, you know what will happen  ... Error: Monero is not an alt coin. |
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I don't think privacy is something to be celebrated in terms of currency, that's why you see so many scammers and hacks in Bitcoin. Exchanges keep running away with their money, etc. Privacy is a delicate issue and 100% is something utopic, you may feel that you don't like being filmed in public spaces but you just have to put up with it, no other way around it. With money it's different, business must be regulated and we as civilians living under government still need to play under certain rules. I'm all for financial sensible information not leaking out if you don't want to, but if every transaction can't be traced then you are giving criminals a great tool. Decentralized and P2P currency is great, completely anonymous not so sure...
Wrong, it is called an innate human right (privacy). If I don't want to be filmed I'll just wear a hat and sunglasses to cover up. Better yet if I don't want to have a bank asking me a million questions about my money I just won't use a bank. Same goes for other things like using fiat crap paper. The way around it is exercising your choice and making good choices. |
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I'm a moron talking trash.
Fair warning. Dump the turd now or weep tomorrow. Your choice. lol as if any of us who have half a brain (at least) would get financial advice online from a user named "HERP" lol |
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 Monero has been undervalued for a lot of time. Its just finding its real value now which i think should be a bare minimum $4 Even if you dont value privacy and are not interested in Monero, the technology is beautiful and the project is far from a pump and dump It is interesting to see theymos show some support for monero. The only problem with his view is he really thinks that other technologies can be added to bitcoin is just a pipe dream. Block size change can't even get put into bit coin let alone an entire code section (pages and pages) of new code. |
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[lulzy conspiracy theories]
From a coin with a shitty daily volume of 20-30k/day USD few weeks ago it grew to 800k volume. Give me a break.
So, prior to today, what have you been doing with this account, Herp? Last post before jumping on the losing side of arguments was on Neo & Bee back in 2014. Maybe you should go back to the rock you lived under for the last 2 years. Oh and thanks for the insight, asshole. Real helpful here: https://bitcointalk.org/index.php?topic=529946.msg6026369#msg602636942 Economy / Securities / Re: Neo & Bee talk (spam free thread) on: April 01, 2014, 07:59:45 PM
@uhoh
We've heard from Danny on Monday. Let's give it few more days at least for more updates. Danny is working to come before us with something concrete, like a resolution and a plan to move things forward. He said as much in his Monday statement. Let's give the guy a breather and a few days to work things out.
We can be passive and moan about it, give more ammo to competitor paid shills, fall into their traps or try to be proactive and help out as much as we can. I'm personally not much of a fan of the lazy distant type of investor, who sits on his ass waiting for the paycheck to come. We can all get involved to help Neo grow, each one of us can contribute to the efforts. If not by actually promoting it and helping out in a direct way, we should at least keep our emo fits and tantrums in check.
Be sure that if Danny doesn't come forward with specific statements, he has good reasons for it and many of these are in the best interest of shareholders. I can mention a few in PMs if you want.  Dash collapsing, Monero UP. Herp #REKT. Noteworthy is the amount of volume traded as well. Dash is pumped up with a lot less volume (a sign of an instamined piece of sh*t). |
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seem like XMR is proving itself to be better than any other coins.
I've move some of my coins to monero as well, hope i can gain thru this and hope its value won't depreciates much.
Not to rain on your parade but this approach I disagree with. If you are only buying XMR to "profit" then it is the wrong reason to buy them (in my opinion). |
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I'm not sure what to do but being that I have no more btc on an exchange I decided to send some so that at least I'm prepared. I go to login to bittrex where they recently added a picture captcha where you select the correct pictures. The captcha I just received had me select all the pictures with popcorn. Being that that correlated perfectly with my intentions I felt like sharing.  There certainly is a great deal of btc and alts on Polo now. Does anybody know how this compares to what was on the alt exchanges in 2014 when I hear there was a great deal of activity? it is probably 1/4 of what btc-e was doing in volume on a weekly/monthly basis. So it is rather eye opening to see this much trading on polo going on. The only other thing I keep remembering after a huge influx of funds going to an exchange is usually they get hacked (at least in the past it has happened). Even BTC-e had the same issue. But this remains to be seen. |
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well whomever did that video has some weird taste in music to add to the fact that they dumped right before monero rocketed lol |
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bumping this thread because XMR is mooning us all.
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You'll thank me later.
We'll thank you now, if you get lost. /** Since everyone is doing it... why not **/ That's not very civil of you now is it? Let's try and behave, mkay? Do you think it's natural for a coin to go from 20-30k USD volume few weeks ago to 800k? You see nothing wrong with that? I know you want your precious to go to Moon and back and even to Uranus but try and put the bias aside for a bit. lol since when is any cryptocurrency NATURAL? it's fucking technological ...get a clue. |
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The devs running this coin should go to jail for defrauding investors, fooling them into buying into an orchestrated pump.
They've paid some Poloniex day traders few k to fool around with the coin.
From a coin with a shitty daily volume of 20-30k/day USD few weeks ago it grew to 800k volume. Give me a break.
lol "spike in XMR price = DEV's manipulating price" uhh yeah you need more to go on than that to make a case.  |
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