Let me be the first to say, Polo WTF?  That is a >30K market buy up to 150  I guess someone got tired of that manipulator with his little ask walls (1-4k). Nice buy though. |
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Volume way down, under 30 BTC for past couple days on polo, and total bids around 100 BTC on the same. Anyone thinks we're gonna push upwards in next few days? I'm more inclined to believe that someone is gonna pull that wall at 0.00115 and we'll dip below 0.001 in next weekish.
The wall has been hit twice now without pulling, so I guess it's there to stay. Besides, the bot seems to have stopped. |
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Hey guys long time no see I've updated to windows 10 and downloaded the 0.8.8.6 Monero wallet. I can't seem to be able to load my backup wallet for some odd reason. Can anyone help me out ? What's the exact problem you have? Do you have a .keys file for that wallet or you have the 25 (or 24) seed words? There are also some 0.9 beta windows binaries around with much better performance (sync from scratch ~3 hours, 100 MB RAM usage, etc...). You could find a solution faster if you go to freenode #monero IRC channel and ask there. I have the .keys file/files I suggest heading over to #monero or #monero-dev and asking one of the devs to help you. |
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How long is the twice a minute ~2 XMR sell bot going to run on Polo? It also ran simultaneously on Bittrex for a while yesterday.
As far as I remember the last time it worked about 2 days, then stop for 24 hours and then another 1 day (if it's the same bot and the same strategy). The previous time it ran it was selling more aggressively, if I recall correctly something like 10-15 XMR a minute, whereas it currently is selling ~5 XMR a minute. Could also be a different guy running it. Bear in mind that dnaleor posted a similiar bot on the forum a few months ago, so everyone could just grab it and run it. I personally don't mind it, rather this than those 10k+ dumps that wipe out all bid support. Furthermore, I think it's probably a miner cashing out and wanting to get the best possible price. |
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I support cryptodromeda here. I think it would be way better if you just took a name without any affliation with XMR or Monero in it. What's wrong with choosing a random user name, making a new handle and just continue what you are doing? Like cryptodromeda says, no one from the outside knows you are not affliated with the core team. I really appreciate your work, but doing it without any form of XMR/Monero in your handle would be way better.
@cryptodromeda, for what it's worth, I've raised this issue before if I recall correctly and some others on the Monero subreddit have as well.
I don't think the issue is really bitcointalk or reddit (where it would not be a big deal if I changed my name). The issue is with Twitter where I cannot change my existing handle (read my above comment on handle vs usernmame change rules), nor can I change my existing email address where I already have a lot of existing correspondence happening with potential merchants. My goal is to help Monero not debate my Twitter handle. Go ahead and start a thread on https://forum.getmonero.org/ if you want so we don't sidetrack this thread any more. If there is a clear consensus on https://forum.getmonero.org/ I will carefully consider the best course of action. There have been many examples already proving that I listen to community feedback. Look at my updated signature below. I now use my signature link to the fluffypony Bitcoinference speech instead of my Twitter feed. You are correct, it's mostly about your twitter handle, since you are most vocal with that one. Regarding existing correspondence, you could just let them know your new handle and continue the conversation with your new handle? I don't see any issue with that. All right, I'll start a thread later today to see what others think about it. I personally think creating a new handle/username would be the best course of action. |
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I support cryptodromeda here. I think it would be way better if you just took a name without any affliation with XMR or Monero in it. What's wrong with choosing a random user name, making a new handle and just continue what you are doing? Like cryptodromeda says, no one from the outside knows you are not affliated with the core team. I really appreciate your work, but doing it without any form of XMR/Monero in your handle would be way better.
@cryptodromeda, for what it's worth, I've raised this issue before if I recall correctly and some others on the Monero subreddit have as well.
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the upcoming release of zerocash is good news to all anonymous coins because it will spark a debate about the fungibility of bitcoin. i believe there are many people who have heard about zerocoin early on who will investigate and start thinking about this issue.
I think that XMR needs media attention before zerocash releases its first version. Journalists who care about financial privacy and zerocash should be kept informed about XMR as an (better and more practical) alternative to "experimental" zerocash. Should it be a new task? sure, it can be a task, but what is the execution? How is it done? And what is the end result? Unfortunately, I speculate the end result would somehow include "no GUI" blah blah blah. But who knows. Maybe there's someone in the conventional media that would actually dig into monero to really see whats going on under the hood. Media attention is needed now. The GUI may not come very soon. Here is one suggestion to deal with this objection https://www.reddit.com/r/Monero/comments/3rd123/private_internet_access_send_this_vpn_an_email/cwn8zcpI am dubious that a VPN company would be troubled by a cryptocurrency because it uses the command line! Lol. Really? I'll bet the vast majority of VPN users who do care about privacy are still not regular command line users. It creates a learning curve which creates friction which reduces the user base. I don't disagree with the priority set for core development, but there's no question that not having an easy to use GUI is an impediment to adoption. Not having a localXMR doesn't help either.We've got moneroclub -> https://www.moneroclub.com/ |
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Jamie Dimon (JP Morgan Chase CEO) thinks Bitcoin will be stopped. This is my response https://twitter.com/XMRpromotions/status/662214071907807232Bitcoin cannot be "stopped" either but it can be monitored without the permission of its users thanks to its transparent blockchain. With Monero, transparency is still possible but only with the permission of the user by sharing their viewkey. Monero transactions are unlinkable and private by design. Monero is not only unstoppable but perfectly fungible. The great thing about XMRpromotions is:- 1. It ferments a lazy community, because "Fuck it, XMRpromotions is on top of it and he's officially part of Monero." 2. It makes outsiders and potential investors think that Monero would be nothing without the Monero team having to promote it this way. Implied conclusion is that Monero is a risky investment because the promotion does not come organically. Monero devs have nothing to do with XMRPromotions, as far as I know. Therefore, the "promotion" is happening organically. I disagree that the community is lazy. Rather, it tends to attract a larger proportion of developer types that are inspired by the technology. They donate their hard work to further the goals laid out by the core devs. Then there are community members like AmericanPegasus, who is genuinely a marketing force of his own. We are like internet construction workers steadily going about our tasks to build the future of money. +1 Although it might be better if promotions were changed into something like enthusiast. XMRpromotions, would you consider changing your name on twitter to something like XMRenthusiast? If I recall correctly, one can easily change his name + handle on twitter. XMRpromotions sounds a bit too affliated with the core team to be honest. That said, I think you are doing a great job and should continue doing so. |
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...
-If I recall correctly, the creator of the genesis block holds some kind of masterkey. As a result, you have to trust this person. Even if this key was held by a group, you still have to trust that particular group. In addition, you have to trust the program they run to create the Genesis block (the masterkey could be in there).
...
This. The centralization of security makes it possibly even worse than Dash. Well, in theory there is supposed to be a genesis creation event where the keys are generated and held by a dozen well known entities. The process is observed by people physically present and online via live video where the genesis block is created and all the keys are destroyed. Even if some of the keyholders are dishonest and somehow manage to make and keep a copy of their key it is useless without all of the other keys. As long as one person is honest or incapable of keeping a copy then the key is destroyed forever and the event never needs to be recreated. With all that said, I'm rather dubious of the ability to pull it off and the trust that would need to be imbued by new participants as the currency gains more use. The point is that it is possible to setup in a manner where future trust isn't necessary, at least theoretically. Wasn't the whole purpose of cryptocurrencies to build decentralized trustless systems? ZeroCash basically defeats that purpose with this release strategy. |
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Hello, i would like to start with monero. it sound very promising for me. is there a faucet where i can test the different online and local wallets?
Give me your address and I'll send you some playmoney :-) There is no faucet yet, but if I recall correctly MoneroDice would implement one. |
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List of possible pitfalls wrt ZeroCash/ZeroCoin: -If ZeroCash/ZeroCoin is launched on behalf of a company, which seems the case here, the company can be given a gag order (e.g. to add a line of malicious code). -If I recall correctly, the creator of the genesis block holds some kind of masterkey. As a result, you have to trust this person. Even if this key was held by a group, you still have to trust that particular group. In addition, you have to trust the program they run to create the Genesis block (the masterkey could be in there). -It's too opaque in my opinion. If a bug existed that would create additional coins, there is no way you would see it. -The math and cryptography backing it isn't peer reviewed yet and in an infancy stage. That said, I am still interested in the progress and I also think it would be a good bet to hedge yourself a bit. One last remark, the last time they said they would release something within the next 3-6 months, they completely missed the deadline -> https://twitter.com/secparam/status/468784402558771200 (20 May 2014) FWIW: The 2nd "scarewall" got bought as well, asks down to 282k. I hope we are able to stay above 100k sat. EDIT:  |
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I have to admit it, even though BTC went up significantly, you made a pretty good call. I hope your new prediction also materializes. |
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About 30 min. ago there was a 9k+ Monero, 10+ btc buy quickly followed by a 15k+ Monero, 17+btc buy both @ ~110
According to bitcoinwisdom, it was a buy of 27.2k Monero. At least that scare wall got bought. Perhaps we are able to somewhat stabilize now. That wall was pushing down aggressively the last few days. |
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i think we hashed out something like this before... do you remember? maybe it was something related. I might have missed this discussed earlier - please forgive me for being wrapped up in something else atm - but money velocity for XMR, AEON & others: doesn't it correlate to the statistical untraceability of transactions? Iow: the more txs, the more mixed-up they are for a given mixin level? You don't need activity on the chain to mix, see -> https://www.reddit.com/r/Bitcoin/comments/3ojjkq/can_someone_help_me_understand_the_claims_of/cvxwq10Also, CT for Monero will hide the amounts in the future -> https://www.reddit.com/r/Monero/comments/3pw30d/ringct_for_monero_updated_versions/But I guess you are somewhat right. That is, with more transaction volume, it will be more difficult for a blockchain observer to spot a certain transaction (although in the future, an observer could not see the amount nor destination). |
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I could be totally off, but it seems like someone is controlling the USD price of Monero.
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IMO the feature that is most needed is viewing posts in chronological order yet being able to jump to current posts without scrolling all the way down every time. Maybe a way to start viewing the thread from the bottom and then offering infinite scroll up instead of down would suffice.
Sort by newest gives a way to see current posts but requires reading the thread of discussion backwards.
I agree, sort by oldest + classic pagination would be a great improvement. You mean turn on pagination instead of the eternal scroll, even though you have JS enabled? Can look at it  Yep :-) Crosspost from [XMR] speculation, thanks to kazuki49 |
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I think XMR is not in a good position to take advantage of a big Chinese-led crypto-wide boom. We don't have the Chinese audience or the necessary presence on the Chinese exchanges. I think XMR will be among the last coins that will pop. But it's just a matter of time before XMR catches up with the rest. The wider cryptoboom will lift ALL coins in the end.
If anyone should be interested in the privacy that Monero offers (even if the price didn't increase one cent above its current levels) it's the Chinese. I mean, this is a nation that routinely jails and executes its financial officials for making profitable moves that don't suit the needs of the state. So I think one big priority (and perhaps we can crowd fund this) would be to get a Chinese translation/marketing team to start drumming up awareness of Monero and Cryptonote to the Chinese. Yes, with increased adoption comes all the other benefits: lots of Chinese miners, possible programming talent, stability, increased usages, (and yes - price.... possibly). But more than that, we want Monero to be the private ledger of the world... not just the English speaking parts of the world. So I think that we need some efforts to translate and promote to China (and honestly Russian parts of the world too). With Bitcoin being illegal in Russia (and getting more illegal) any who use it and have their addresses sniffed out by the gov could see a world of hurt. Monero would make the ideal way for them to privately take some of their value to a standard global ledger (and not be forced to sink along with the ruble). I've got a couple friends I know that could possibly translate. Both of them are international business majors, which one of them speaks Mandarin and the other speaks just generic Japanese... I was already thinking about getting them on board with such things, but never knew a way to entice them to join up or just to use monero in general. Most of the website is already translated into Chinese. However, if I recall correctly fluffypony is waiting for a jekyll update to integrate it. Also, it might be a good idea to let your friends translate some articles. |
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