I love the pump but unless monero really takes off (0.04-0.05) it won't survive Ethereum's ring signature mixers soon to be launched.....
There's a lot more to XMR than ring sigs. Even still, from what I understand Ethereum ring-sig transactions will be optional and quite expensive. I'm unconcerned. Please do not compare a shitcoin with ETH.. Monero's only purpose it to make botnet operators rich.. Less than 10% of network hash rate are real users.. Unless monero attracts BTC bubble newcomers it's done...
How do you know 90% of the hash rate is botnets? I'm curious to see the numbers. |
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- TLDR; talks about coinshuffle and coinshuffle++ being the best alternative rather than any mention of Monero.
Shocker. I'm still waiting for the fud storm that XMR is mined entirely by malware. |
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I think what he means to ask is why it's not developed by a core team member.
The answer is that there are no "official" developers. Contributors work on whatever interests them. This particular dev created a proposal to build the GUI, and the community raised the money.
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Also, don't forget the bitcoin.com puff piece on Zcash that straight-up lied about not being affiliated with the project (Ver owns bitcoin.com!). Sorry, but he's run out of chances.
I vaguely remember this...do you have a link? Seems shady that he would put up a statement in a piece about cash on his own website. Then again this is the same guy who told people the mtgox was A-OK in 2013 just before it went bust. It lists Zcash's investors but conveniently leaves Ver's name out. Then at the bottom of the article is a disclaimer that reads: "Disclaimer: Bitcoin.com is not affiliated with any of the above-mentioned businesses." |
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Roger Ver isn't interested in tech that much, just his wallet IMO. XMR is a threat, so he doesn't want it to succeed, period.
I don't think that's true. Roger will see what Monero is in time. Remember, most of us thought Bitcoin was dumb the first time we heard of it too. And if he gets half as excited about Monero as he was/is about Bitcoin, that is a big win for the community. Don't write anyone off - we are only what our genetics and experiences have allowed us to become. Extend invitations and give people chances; sometimes they will surprise you. It doesn't look good for Ver. Either he's a really dumb investor who didn't research the tiny niche he bought into, or he's very aware of Monero's threat to Zcash and actively refuses to acknowledge its existence. You pick. Also, don't forget the bitcoin.com puff piece on Zcash that straight-up lied about not being affiliated with the project (Ver owns bitcoin.com!). Sorry, but he's run out of chances. |
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It's neither misunderstood nor underestimated. At least not by the people we're referring to. The only reason they mentioned Monero at all is because their intentions would be (more) obvious if they didn't. So they mumble it under their breath between other projects and quickly move on.
How hard can it be for them Johnny? Acquire a reasonably whalish percentage of Monero - say 1%, which is fully possible given their Smaug hoard of Bitcoins. Then set up some buywalls to support their new investment. Then commit 1,000 bitcoins of dev support, funding, and ad purchases. Then release official statements of support. They aren't supporting some ICO premine/devmine. This is an authentic project they should take pride in supporting. Why would they be worried it will undermine their own Bitcoin investment? There is a future for both projects - public and private money. In Ver's case, it's not his Bitcoin investment he's worried about... it's his Zcash investment. I assume it's considerably more risky to invest in a community-driven project that you have no control over and can only hope the price increases. Compare that to investing in an already greatly hyped, for-profit project where you can sit back and collect 20% of the mining revenue. He makes money even if the price never moves. |
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I always cringe a bit when I hear zcash or that other altcoin being mentioned in the same breath as Monero. Zcash does not even exist yet and clearly has both technical and non-technical flaws. dash, well lets's say we discussed that before. It gives some insight and perspective on how misunderstood and underestimated Monero still is, even by these high profile Bitcoin veterans. It's neither misunderstood nor underestimated. At least not by the people we're referring to. The only reason they mentioned Monero at all is because their intentions would be (more) obvious if they didn't. So they mumble it under their breath between other projects and quickly move on. |
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Meh... Not the "best of breed" when it's #13th.
If market cap is your measure of quality, Monero is probably not for you. |
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Sophism lives in Monero community! Socrates would be sad   I am out. Community sucks, with some bright exceptions. Zcash will teach you a lesson I suppose. For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA. If I see an opportunity in XMR I will advise everyone to buy. Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS! Keep holding your bags as 'investors' lol For all I know, your TA is spot on. But what you don't seem to understand about the Monero community is that few of us really care about being a mover and shaker in the markets. We only want to advance the state of decentralized, private money. If Zcash could "teach us a lesson" and create something better, I'm all for it (but I'm not exactly holding my breath). Sure, most of us hold coins and would love to see the price skyrocket, but unlike the other cryptos you mentioned, profit is not really why we're here. I'm speaking for myself of course, but I say "we" because I know I'm not the only one. The point is, saying the community sucks or that our "investment" sucks probably doesn't have the effect you're hoping it will. |
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Agree, no point in referencing a dozen places to buy XMR in theory, where in practice you can use only 1 exchange (of course P2P can be a very good way too but we are talking exchanges).
No. In practice you can use any of the dozen+ places to buy XMR. The other options aren't less viable just because Poloniex is the preference. In which of the exchanges mentioned above can someone buy 10k xmr without slippage? That's 'in practice'. You can be a sophist and play with words as much as you want but someone has to wonder why... If your idea of a general practice is buying nearly 0.1% of the available supply, then I won't let my "sophism" get in your way. What exactly is your criticism? Are you short on FUD material? |
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Agree, no point in referencing a dozen places to buy XMR in theory, where in practice you can use only 1 exchange (of course P2P can be a very good way too but we are talking exchanges).
No. In practice you can use any of the dozen+ places to buy XMR. The other options aren't less viable just because Poloniex is the preference. |
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Aaaaaand it's gone! Happens, when believing into a Bucket Shop Coin traded on merely one Exchange.
Anybody thought about alternative methods of trading Monero? Oh, I see ... you allready did.
I've traded Monero at least 5 different ways and probably more than that. 5 ways to trade Monero outside of Poloniex: 1) shapeshift.io 2) bitsquare.io 3) bittrex.com 4) changer.com 5) moneroclub.com There's more, but that's off the top of my head. 6. p2p 7. bter.com 8. hitbtc.com 9. xmr.to 10. openbazaar Not all of these are recommended. In fact I recommend none of them. Do your own homework. 11) changelly.com (Minergate owned) 12) bitok.com (new?) 13) cryptopia.co.nz 14) fortunejack.com/exchange (new?) |
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Aaaaaand it's gone! Happens, when believing into a Bucket Shop Coin traded on merely one Exchange.
Anybody thought about alternative methods of trading Monero? Oh, I see ... you allready did.
I've traded Monero at least 5 different ways and probably more than that. 5 ways to trade Monero outside of Poloniex: 1) shapeshift.io 2) bitsquare.io 3) bittrex.com 4) changer.com 5) moneroclub.com There's more, but that's off the top of my head. |
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My point is that even now (with few grandmas involved) MyMonero does not serve as a good baseline solution, it is specialized to those who want convenience and don't care much about security or avoiding reliance on third parties. I could also say that about a GUI based on the earlier (pre-LMDB) implementation. Since the current version can cold sync in a lot of cases (not all -- older or slower computers or very slow net connections can't be avoided) in an hour or so, uses minimal memory and acceptable amounts of storage, it is more suitable for more segments of users (if not numerically more users), though still not everyone.
I agree MyMonero is not a good baseline solution, but I don't agree that a core GUI is any "better." The trade-offs don't fit the needs of a "general user" who needs a reasonable amount of security and a much greater level of convenience. I suppose our definitions of "general user" differ, but I don't ever see general users running their own node to make transactions. - General users will never "be their own bank" (because they don't trust themselves to secure their entire savings, and they shouldn't) - General users only need as much security as their physical leather wallet provides, as its just their spending money - General users value convenience over just about everything else |
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I doubt Grandma will ever run her own node, regardless of GUI. In the CryptoFuture, I imagine Grandma will use a third-party solution specifically designed for grandmas  EDIT: or she will just enter her PIN at the register after the point-of-sale machine connects to her NFC powered keyring wallet. No GUI required. First off grandma and most anyone else that will use crypto could care less about running a node. Logical fallacy (Straw Man) there. That's exactly my point, and it's not a logical fallacy. You don't need the core software unless you want to run your own node. So why does grandma need a core GUI? |
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