If you have a vanishingly small budget and correspondingly high time preference, Bitcoin isn't really the best fit for your situation.
comments like this is why bitcoin has lost 6% market share in 2 months NO bitcoin is NOT ready to take over central banking, get over it, we are small potatoes, and we best realize that before litecoin ( or ETH ) steals all the TX vol. Your concern is duly noted. Please file your Bitcoin Obituary with the appropriate departmental clerk. Fear. Uncertainty. Concern. Doubt. The four hoursemen of the blockocalypse! Don't worry, it's just the Gavinista media campaign pushing the price down. Have you noticed when Brian Armstrong speaks the price retreats? He's like Hearn 2.0.  |
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a core GUI is not a compelling enough reason for regular people to start using a currency Lack of an Official GUI is a barrier to entry for some people and businesses that would otherwise use Monero.
The "compelling" will be done by bank runs and other extreme forms of capital control. Indeed, you nailed it. But I am glad it will come out soon (just kidding). 
Soonero.Is it true? |
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Please support your assertion that 2-5 cents will buy something to eat.
Where in the world can you buy a snack for 5 cents? AFAIK not even Thailand/Cambodia/Nepal/India have such cheap food. IIRC 35 cents is about the lowest you can go for a meal's worth of calories.
If you know better, share the specifics and I'll update Numbeo accordingly.
http://www.dailyfinance.com/photos/food-price-comparison-around-the-world/#!fullscreen&slide=988845 That's ~3 cents per egg btw (for India). Nice try. You have to buy a dozen eggs to get them for 3 cents each. (Morpheus meme kicks in) What if I told you that in a large percentage of the rest of the planet, people don't buy coca colas and beers by the 6packs, eggs by the dozens, and fuel by the gallon? What if a gave you a link to buy a dozen eggs in India, and they cost 10 cents each? You made the claim that paying a 3-5 cent tx fee would make the difference between eating and going hungry. Where would that happen? Imagination Land? Is keeping track of every egg sold in India really the best use of Bitcoin blockchain real estate? Perhaps using zero-fee physical cash (or Litecoin) would work better for the destitute and nearly starving? No confirmations are needed for RupeeCoins. Litecoin and Primecoin have much faster blocks. Why would poor, famished Ari the orphan boy want to use Bitcoin to buy his daily egg, when he might have to wait for an hour or more to get his payment confirmed? If you have a vanishingly small budget and correspondingly high time preference, Bitcoin isn't really the best fit for your situation. |
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What an elegant extension of Namecoin. DotBit lives!!!  |
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a core GUI is not a compelling enough reason for regular people to start using a currency Lack of an Official GUI is a barrier to entry for some people and businesses that would otherwise use Monero. The "compelling" will be done by bank runs and other extreme forms of capital control. |
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Please support your assertion that 2-5 cents will buy something to eat.
Where in the world can you buy a snack for 5 cents? AFAIK not even Thailand/Cambodia/Nepal/India have such cheap food. IIRC 35 cents is about the lowest you can go for a meal's worth of calories.
If you know better, share the specifics and I'll update Numbeo accordingly.
http://www.dailyfinance.com/photos/food-price-comparison-around-the-world/#!fullscreen&slide=988845 That's ~3 cents per egg btw (for India). Nice try. You have to buy a dozen eggs to get them for 3 cents each. And good luck eating that egg raw. I'm sure the bargain bin store brands in Delhi are extra organic.  What do you think about the analysis indicating each BTC tx uses about $6-$8 worth of electricity, in the context of these outrageous 3-cent fees? |
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Only crypto-anarchists and privacy activists give a shit about smart mining and decentralization. None of that appeals to a wider audience, who just want an easy way to spend their money (not hosting a full node). Do you really think regular people are concerned with those features? 20 years ago, only "crypto-anarchists and privacy activists" actually gave a shit about securing personal data with encryption. Then some celeb i-pads got hacked, Snowden won an Oscar, and the .gov demanded Apple destroy their own products' utility. Anyway, here is some light reading on the history of digital cash in science fiction: https://web.archive.org/web/20150510234837/http://garzikrants.blogspot.com/2013/06/shadowrun-and-bitcoins-roots.htmlNote the credsticks are *not* being used to buy coffee.... |
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No holywars pls!
Monero is BCN fork = the same shit minus the scam/premine, plus industry-leading bleeding edge crypto devs and a large active community of supporters
ftfy.  ftftfyfy. |
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Americans blah blah blah...
there are very poor countries where even the 2-3-5 cents are actually money that one can do something in their life, like buy something to eat.
Your cranky/jealous/hater stereotyping/generalizing about North Americans ignores the reasons *WHY* we have come to enjoy such supremely comfortable lifestyles. Pro tip: 1st world status is earned, not handed out like free candy at a pinata party. Hint: Culture is a form of technology. Please support your assertion that 2-5 cents will buy something to eat. Where in the world can you buy a snack for 5 cents? AFAIK not even Thailand/Cambodia/Nepal/India have such cheap food. IIRC 35 cents is about the lowest you can go for a meal's worth of calories. If you know better, share the specifics and I'll update Numbeo accordingly. |
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high fee hurt bitcoin IMAGE. Agreed that high fees hurt bitcoins image Since I read Satoshi's whitepaper in 2011, it's been clear that Bitcoin needs high (aggregate) fees to wean it off block subsidies and ensure its independence. Can we please not worry about the image perceived by those who don't grok the logos (much less the ethos)? Higher (aggregate) fees = Bitcoin starting to work the way it's supposed to. Low fees = Fear/uncertainty/doubt Bitcoin will become self-securing and self-sustaining before its baby bottle runs dry. |
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The "next level" of adoption comes from third-party integrations and services that actually bring utility to the currency. A bundled GUI doesn't deliver any compelling new use cases, and won't result in any new adoption outside of Bitcointalk users and their close relatives.
What about the idea that poor ease-of-use serves as a deterrent to third party integrations and services? Exactly. Integrating a highly technical, steep learning curve coin is a losing proposition for a firm if it creates a user support nightmare for their help desk. The amount of customer hand-holding needed would destroy any possible profit. That's probably why Polo hasn't added Decred. Johnny doesn't seem to realize adding a coin with no GUI is basically volunteering to teach a potentially unlimited number of n00bz everything from Command Line 101 to the theory of functions, and how that all relates to RPC, daemons, etc. Of course potential 3rd party integrators will tend to respond with the polite euphemism for "no way; not on your life; GTFO." |
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It should be patently obvious that the GUI will have an effect on price, not just for faciliating greater user adoption but also for being a point of speculative propaganda.
Monero's all-time high is 0.01 which was achieved based on the expectation of Mintpal adoption - a meaningless exchange that has since departed.
The rise of ETH and fall of Cryptsy/Dash has pushed new wealth and whales into Poloniex from which XMR is the primary beneficiary.
Monero is a uniquely attractive tripod that posesses an extrordinary technological component, a credible political base, as well as demonstrable speculative volume.
This means that at any point in time the XMR price can explode without warning and for no reason whatsoever, other than the fact the price is deemed to be very low, and the long-term confidence is deemed to be very high.
Yes, Monero is wobbling on the tipping point and could at any moment fall upwards into a much higher price range. A GUI will help catalyze the sustained cosmic background levels of adoption/buying pressure needed to offset emission and overwhelm profit-taking supply pressure on the way up. I like the "uniquely attractive tripod" observation about XMR's critical masses of tech+people+money, as it is congruent with the decentralized+private+digital Monero trivium that I've made my avatar. |
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 Oh wow, that is pure fire. Now I need a black one (to sign tx on XMR's opaque blockchain). "For usability, I hope the Trezor will be integrated in the “official” Monero GUI."Is that covered in the community-funded GUI spec or do we need another FFS request for a Trezor add-on/plug-in? How do we get "Official Native" Monero support on MyTrezor.com? |
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At last, Supreme Master Szaboshi dispenses the coup de grâce, thus ending the Gavinistas' whiny "2MB RITE MEOW" farce.  Well, that just about wraps it up for Classic.
#R3KT |
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holy shit wtf is going on?
Amstrong's blog is from yesterday. Price started retreating three days ago. Perhaps the correct causality is price retreats --> Armstrong speaks Armstrong went full Buttcoin weeks ago. Armstrong running the biggest fiat exchange is like putting Stolfi in charge of Blockstream. The only question is "malice or incompetence?" |
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One of the two devs at the wheel of this shitshow has renounced science!
I'm not surprised to hear Gavin still believes in ManBearPig, despite all empirical and theoretical evidence to the contrary. He certainly is a big fan of manufactured "Astroturf" consensus and using artificially induced panic reactions to FUD in order to support his policy agenda. |
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Welcome to the new pink sheets, folks - crypto.
This is just getting started; these kind of schemes are only gonna grow in magnitude as more money flows into the ecosystem.
Remember that before people try to pump something on the OTCBB, they usually do a ticker change and a reverse split to start with a clean rep.
Most people don't have the benefit of an (expensive) education in following tiny silver/gold exploration/development stocks. I've learned to avoid the 'old prospector and his mule' fly-by-night operations, and stick to the definitely-will-be-acquired ones. I can confirm the bad ones follow a pattern, wherein they burn tons of cash generated by stock dilution then try to turn it around by changing the name/logo/brand/website and doing a reverse split. VNL is following in their ignoble tradition. But VNL can't escape its copyright-infringing origins any more than the rebrand to Dash helped Darkcoin make everyone forget about its massive insta-mine, bad crypto, and 20 hour mixing times. |
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is monero ever going to catch up to eth, eth seems to always be like a rocket ship while xmr is making relatively slow gains.  The rise in Ethereum has in my opinion as much to do with Bitcoin's problems than with Ethereum itself. The market is looking for an alternative to Bitcoin. People are looking for alternatives that do not have "the problem" https://bitcointalk.org/index.php?topic=1388381.0. Ehtereum is not an alternative to Bitcoin, simply because it is designed to do something else entirely. It is Ethereum 1.0 not Bitcoin 2.0. Monero on the other hand does not have "the problem" and is designed from the ground up as a possible replacement for Bitcoin, so it could be called a true Bitcoin 2.0 coin. The market of course will have the final say. I see ETH as Blockchain 2.0 while XMR is Bitcoin 2.0 (and Maid as VPNcoin 2.0 ). "The Problem" comes with the territory. Because blocksize isn't The Problem; this is The Problem. If Monero achieves Bitcoin's Tall Poppy Syndrome inducing level of success, expect the same kind of attempts at governance coups and contentious hard forks. |
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I think some more healthy competition against Core would be welcome
You are confusing "healthy" (ie positive-sum) competition among consensus-critical blockchains with unhealthy zero/negative-sum contention within a single consensus-critical blockchain. Altcoins are Bitcoin's healthy competition. If Bitcoin isn't competitive we'll use Litecoin, Primecoin, and Monero instead. Classic and other XT-like governance coup attempts are declarations of a war that only one side can win. iCEBREAKER is example of user dividing Bitcoiners whenever he can, not because he has different opinion to some others, but because he is not willing to take compromises for the overal good to keep unity of Bitcoiners. This is about Honey Badger, not silly old *me*. You are personalizing the debate because XT/Classic is failing so badly and you (being a sore loser) want an excuse to lash out. I have no power to force (or prevent) the "dividing" of Bitcoiners, nor the ability to "take compromises for the overall good." Honey Badger doesn't really give a damn about dividing (or unifying) Bitcoiners, and he sure as hell doesn't compromise to shut up some 'FreeTx4EVA' and 'BigBlocksRiteMeow' Gavinista idiots. |
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Brian is basically talking for Gavin. He has been following him like a slave, since XT and also in Classic. There are a group of people, who wants the same control banks have over our money. They also push the total surveillance agenda of their governments. Their whole operation is dependent on what their government will allow. {KYC / AML } They are the slaves of the system that wants to control them, or they want to be a part of that system that controls people. In the end, these companies know they have the support of the governments and they will survive and even prosper in that environment. For them individual financial privacy does not matter... The main goal is to make money, and lots of it... no matter what individual rights are sacrificed.  Gavin Brian speaks, price retreats. |
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