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The increase in hash rate could simply be due to colder weather in the northern hemisphere. We must not forget that many people use electricity either entirely of partially for space heating in the fall and winter. In such a situation mining Monero with existing computing equipment is essentially free.
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1000 votes
In favour of Proposal #2 version #3.
Edit: For clarity this is casting a formal vote in favour of Proposal #2 ver 3
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How would this even be enforced?
Simple. Use the DRM already built into Microsoft and Apple products, and you have control over 98% of the desktop / laptop market. I smell a new flavor of Linux: Bitux As soon as someone works the Kernel, I'm going to get to work on the dual boot install script for Windows users. One has to be careful here since there are ex2/ex3/ex4 drivers for Windows so it is possible for the Windows system to wipe out files in the GNU/Linux dual boot. A similar thing can also occur with network shares on a GNU/Linux machine that can be written to from Windows. Before one starts to think of paranoia here there are a few things to keep in mind. Microsoft has provided the FSB (The successor the the KGB) with access to the Windows source code. There is also the section in the Windows EULA on malicious software. One must keep in mind that if the Russian Government deems crypto-currency illegal then Microsoft would be within their rights to remove any crypto-currency software, including such files as wallet.dat, from computers running Windows in Russia. Then there has already been a precedent of Apple using the DRM in IOS to suppresses the teachings of the Dalai Lama at the request of the Chinese Government. |
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How would this even be enforced?
Simple. Use the DRM already built into Microsoft and Apple products, and you have control over 98% of the desktop / laptop market. |
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Last week this time it was pushing 300+ BTC/24hr by itself and has been clearly the top traded coin for a while. Now it appears to be slowing down drastically. Looks like XCP is stomping it and BBR is gaining for sure. How much more does anyone think it will fall before you can't dump your coins any longer? ~BCX~  BBR is falling in price with respect to XMR and XBT on rising volume. How this is an indicator of a bearish XMR market is beyond me. Maybe the lack of volume in XMR/XBT is because there are not enough bears? XCP is rising because of Overstock. This has little if anything to do with XMR. |
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STOP MAKING NEW MONERO THREADS THEN.
+1 |
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1000 Votes.
Support for proposal #2
The crucial point to understand here is that while proposal #1 is a valid option in the short term it must be seen as an interim solution, with proposal #2 as the valid long term option. Proposal #2 calls for the MEW to move to dedicated forums when practical. "When practical" will be determined among other things by the creation a successful XMR forum. Given the choice between voting for the best short term option or the best long term solution I will always choose the best long term option. This follows the principle that when one takes care of the long term the short term will take care of itself, while the reverse is not the case.
The proposal I feel will have the best chance of consensus is to treat proposal #1 as an interim choice until it is practical to implement proposal #2 as the valid long term option.
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There are many valid reasons to buy XMR; however the scamminess or lack thereof, of jl777 is not one of them.
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Sometimes it's good to do primary research. The thing I took for granted - that altcoins are shattered when BTC sneezes - has proven to be a myth of highest order: COIN CAP15SEP CAPNOW REMAINS REL/BTC
BTC 670000 442211 66 % 0 %
LTC 17350 12643 73 % 7 %
DOGE 3260 2786 85 % 19 %
PPC 1752 1848 105 % 39 %
DRK 1342 1073 80 % 14 %
NMC 1026 940 92 % 26 %
PTS 559 620 111 % 45 %
BTCD 721 401 56 % -10 %
XMR 627 350 56 % -10 %
BCN 280 200 71 % 5 %
FTC 126 186 148 % 82 %
QRK 252 178 71 % 5 %
XRP 15053 13704 91 % 25 %
BTSX 7327 5984 82 % 16 %
NXT 3794 2513 66 % 0 %
XCP 646 529 82 % 16 %
I selected Sept 15 to be the start of data due to that being the start of BTC fall (admittedly, it was selected to give a bad picture about BTC). My intention was to show that alts fall in sympathy, and generally leverage BTC's move down. This had been my experience with XMR. Now, the data seems to give quite an opposing testimony. Over this period of time, only two alts (XMR and BTCD) exceeded BTC's decline. When BTC declined by 34% (seen above as "66% remaining"), the basket of alts (I used cubic-root weighting) declined by only 17%. What do you think of this?  Yes over a three week period this there will be divergences but over a year or more the overall trend does follow across many altcoins. Here are some examples: Bitcoin, XBT/USD: 1 year BTC-E (For reference) http://www.cryptocoincharts.info/pair/btc/usd/btc-e/1-yearLitecoin, LTC/XBT: 1 year BTC-E http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/1-yearPeercoin, PPC/XBT: 1 year BTC-E http://www.cryptocoincharts.info/pair/ppc/btc/btc-e/1-yearNamecoin, NMC/XBT: 1 year BTC-E http://www.cryptocoincharts.info/pair/nmc/btc/btc-e/1-yearAnonCoin, ANC/XBT: 1 year Cryptsy http://www.cryptocoincharts.info/pair/anc/btc/cryptsy/1-yearFreicoin, FRC/XBT: 1 year Cryptsy http://www.cryptocoincharts.info/pair/frc/btc/cryptsy/1-yearNow over a shorter period there are all sorts of divergences. It is also possible that the altcoin market is even anticipating an XBT/USD bull run. Then there are coin specific questions. It is no secret for example that XMR took a beating due to the BCX affair when was then followed by uncertainty regarding the emission rate. One also needs an alt-coin with a valid alternative to Bitcoin and with a community willing to support the coin over the long term. The merit of the alternative may even be less important than the community commitment. Freicoin may be an example of the latter. |
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there are less than 100btc to 250 ... one whale feels dumpy & down we go.
I could happen, but dumping an alt-coin, virtually any alt-coin when the XBT/USD price may be very close to a low is not the way to become a whale. |
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It is not just privacy. It is fungibility https://en.wikipedia.org/wiki/Fungibility and the protection from taint. the taint can be completely unrelated to one's lawful activities. Keep in mind that currency is contaminated with cocaine and other illegal drugs. https://en.wikipedia.org/wiki/Contaminated_currency. Fungibility ensures one's coins cannot be taken away because some one ten steps back in the blockchain allegedly used them in some illegal activity. |
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... and we need yet another Monero thread for this? No matter on what side one is, in the Modero debate, there is no need for yet another Monero thread.
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At this point XMR 13th in market capitalization and 9th in trading volume. It is not there yet but it is getting close.
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It will be really good to see a XMR/USD or XMR/EUR trading pair.
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Paypal largest risk is chargebacks on credit card funding against PayPal as the merchant. Then on top of this they have to pay the credit card companies fees which could easily approach over 50% what they collect in fees from the merchants. Ever wonder why PayPal deliberately makes it as awkward as possible to fund your account when making a payment using a credit card rather than using a bank account? Bitcoin eliminates both of the above risks and can actually allow PayPal to position itself as a consumer friendly add on to Bitcoin that protects against fraudulent merchants.
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Or they bought at 1000 USD on margin expecting it to go to 10000 USD and now sell to time the bottom as best as possible. Otherwise known as "weak hands" who buy high and sell low.
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I stand by my position that the only safe OS for Bitcoin and other crypto currency is GNU/Linux, with Android properly secured for small amounts. All I can say is time will tell.
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Yes, I have read the paper. There is really nothing new here. The entire security model is designed to lock out the end owner from their own device (the DRM / telescreen in 1984 application) rather than protect the end owner's data. However unlike Windows 8.x RT where no permanent jailbreak has been released every version of IOS up to IOS 7 has been jailbroken, It is also only a matter of time until IOS 8 gets jailbroken. The fact that IOS can be jailbroken negates the entire security model in the white paper. Microsoft with Windows 8.x RT beats Apple hands down when it comes to implementing the telescreens in 1984. We must keep in mind that any security then owner of the device may enjoy is dependent on: 1) The broken DRM / telescreen in 1984 application. 2) The insecure Apple iCloud (This was aptly demonstrated in the "nude selfie" exploit). 3) A fair amount of security theatre. A good example of the latter is the use of fingerprint security on a mobile device. http://www.theregister.co.uk/2014/09/23/iphone_6_still_vulnerable_to_touchid_fingerprint_hack/. I mean really: How many iPhone users leave their fingerprints on their Apple's iPhones? The latest case regarding the use of 7 year old GNU software is classic Apple. Both my Ubuntu and CentOS GNU/Linux systems are now fully patched against the vulnerability, while Apple has yet to issue a patch! What Apple has released instead is classic corporate spin of the worst kind claiming that IOS users are not vulnerable because they do not have access to the shell. As if root access was a requirement for the exploit. Ever wonder why the US Secret Service does not allow President Obama to have an iPhone? He got a Blackberry instead. Or why Edward Snowden stated that IOS devices were the easiest for the NSA to break into? Android can be hardened, by a user with root. GNU/linux is really easy to secure by the end user. For those wishing a propriety solution Blackberry and yes even Microsoft does a far better job. I still stand by my statement that I would not let a single satoshi, belonging to me, anywhere near an operating system released by Apple. Edit: Corrected their to Apple, since many peoples implicit definition of ownership also involves control. |
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