Buy or sell monero ?
Tell me.
Do what I do and listen to the voices in your head. Hmmm. Waiting on a consensus, or at least majority. Damn voices. Can't we all just get along?! |
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does anybody really feel that it will go back to 1200$ (practically)
If it doesn't go astronomically past that point, it is a fail that will just disappear. |
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No.
I am looking forward to a permabull that is going to start dumping as a result of exchaustness.
Bitcoin had the "long term holders" that sold their coins way too early. Monero needs those, too.
Not everyone has a merit to be rich and hold 2000 usd/xmr coins.
So you see XMR=2kUSD in the future? Don't discount the possibility that 1 XMR = 2000 USD = 1 bag of apples in the future. |
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In other news, the Federal govt is giving $500,000,000 in grants and loans to upgrade Sacramento's sewage treatment facilities.
Have they figured out how to run it on CO2 when there's no more water?  |
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It should be interesting to see how bitcoin performs during a financial crash. People are optimistic that people will run from the S&P and the USD into bitcoin. I think bitcoin will end up getting smashed along with tech stocks.
Everything except short end of the sovereign bonds will get smashed going into the October global contagion. After that, bonds will collapse and all private assets will rocket up, including gold, BTC, and US stocks. The lows for gold and BTC in this coming final hooray for sovereign bonds are going to be severe. The stock market bubbles will pop but it sounds silly to say that it will definitely be in October and not before and not after. stock market is not going to pop in October. Dips can come any time, but we are no where near the peak yet. |
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Naturally, you have multiple browsers. If one or more gets removed, what other browsers? As in most confrontational situations, you need to have a decoy you can give up while you decide whether to run, or reload...  add: most mobile devices are replaced in a year or two anyway |
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hm, seems like we're really just enabling a fractional reserve bank with no FDIC insurance to offer loans to people with no background checks at all. Not only that, they have no targets to which they need to keep a fraction of, How could anything go wrong  In the USA that's how it's done. Houses, cars, now monero |
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Ya, I've been using side-chain for a while now. Super functional! Highly recommend!
Side ripple. You mean sideripple. There are no sidechains anymore (never were). Kind of my point. |
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i think, now with blockstreams sidechains, altcoins and monero seems pretty useless  Ya, I've been using side-chain for a while now. Super functional! Highly recommend! |
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but i don't think you are a programmer. i think you're Armstrong.
You are losing your sanity dude. It is really pitiful to watch you go on this delusional tirade. Me not a programmer, hahaha. Btw, Armstrong is a very skilled programmer.
there you go again. every attribute you seem to have, he seems to have. every attribute he seems to have, you seem to have. Martin Armstrong ' s writing typically includes numerous spelling and grammatical errors that we don't see with Anonymint et AL. MA'S speech and writing are patterned very much the same, while very unlike Anonymint's consistent writing style. I try not to stick my oar into this swirling pool of egos and childish arguments but sometimes I guess I like to waste time too! that's possible altho from what i recall those grammatical problems were confined to the time when he was in prison. remember, he was beat up, probably malnourished, mentally ill, and who knows, maybe faking mistakes to make his condition appear worse for when he appealed. No, to this day, reading his blog makes me cringe. |
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but i don't think you are a programmer. i think you're Armstrong.
You are losing your sanity dude. It is really pitiful to watch you go on this delusional tirade. Me not a programmer, hahaha. Btw, Armstrong is a very skilled programmer.
there you go again. every attribute you seem to have, he seems to have. every attribute he seems to have, you seem to have. Martin Armstrong ' s writing typically includes numerous spelling and grammatical errors that we don't see with Anonymint et AL. MA'S speech and writing are patterned very much the same, while very unlike Anonymint's consistent writing style. I try not to stick my oar into this swirling pool of egos and childish arguments but sometimes I guess I like to waste time too! |
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Not only that friend, what else are they planing to change down the line? Like I said many moons ago, they will try change the emission and they will start making Bitcoin permanently inflationary, not that I'm against the model, I like Monero exactly because the disinflation but it is a severe rupture of Bitcoin's trust and social contract and all started with the project being hijacked into this obscure XT fork. If they try to make a change like that, users will migrate away from their fork just as easy as they migrated to it. In the end, the developers don't actually have any power - they can only product the software which users want or refrain from doing so. People are sheep that will go with the loudest/best advertising, regardless of benefit/detriment. Just look at every other system in existence. |
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We may at some point impose a maximum age for outputs to be mixable (at which point they can be removed from the UXTO when spent, just like Bitcoin; to avoid losing untracability you would have to respend the outputs back to yourself prior to the deadline, or allow a wallet to do so automatically).
...
Whoa... Seems to me that would very much break some fundamental use-cases for Monero. People probably want to store some wealth privately, for a potentially long time, without any ongoing effort; eg, print a paper key, toss it in a few safe locations, and forget about it. That's been the case for a lot of people who embraced bitcoin as a store-of-value, and I'd guess it is/will-be similar with Monero. Requiring respends obviously breaks that capability. If the wallet does this automatically for you, the problem is solved right? Check his last sentence. If you don't have to do anything yourself nor access the wallet, this argument can be debunked in my opinion. Smooth, do you have any comment on this perhaps? If it is offline cold storage then no the wallet couldn't automatically keep the coins fresh (or do anything else). But the original concept shouldn't be mistaken as you needing to put a big flashing sign on your head with your monero address and balance. It just means when you did spent the coins the first spend would need to be mix 0, then after that you or others (no one could tell which) could respend those coins with mixing to reblend them back into the fog of the (then) active blockchain easily enough. But as I said the obvious implementation has unintended complications so this is not on the agenda right now. Excellent. So no worse than buying monero on an exchange. One extra jump and all is well. |
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It amazes me this thread still get the daily bump. You gents are hardcore in my book.  still checking to see if there's anything new. Even though I sold all my shares long time ago (OMG when I rememeber the shareprice of a single share was 4 BTC!!!) 5btc... |
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Withdraw is not the same as sell...
Sure, but I can't think of another reason you'd want to withdraw a million dollars from an exchange? How did those million dollars get there? Likely you want to liquidate your 2010 stash and you're looking to cash out, right? Sure, but liquidate over a period of days or weeks, withdraw at a different rate... I know cavirtex for example, had offered to raise limits on a prearranged, case by case basis. Not sure what the new owners, or other exchanges offer. |
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Although I agree that 25k is a lot of monero right now it wouldn't be if it went back up to its high of 5 or 6 dollars. This limit would make it hard for people who like to hop in and out of currency unless they keep their crypto on the exchange. I wonder if they will make exceptions.
If Monero goes up in price for this to be an issue the market will solve this problem with exchanges that are not limited to a 25,000 USD withdrawal per day and / or multiple exchanges in different jurisdictions. The best solution to this kind of problem is a wide diversity in exchange providers, exchange types, jurisdictions etc. Whats the largest USD withdrawals from the larger BTC exchanges you guys heard about? Do they have limits? Could you withdraw a mil? CaVirtex was the highest limit I had seen at 200k  Could you withdraw a mil? Not a chance. There is no where near that kind of liquidity on virtex... maybe slowly over the course of a year... Withdraw is not the same as sell... |
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read my post above, what if "many to many" transactions are banned by the miners because of "potential money laundering"
In a scenario where miners are banned from processing "many to many" transactions, what happens to anonycoin miners? Are you saying there is something about Bitcoin miners that makes them unable to anonymize themselves? (If so, who is Satoshi? ) They don't have to uncover the identity of all miners, merely a few of the biggest - and they can't hide. It might be what breaks up the big mines/pools in future, who knows. Of course that opens the door to TPTB creating and controlling their own large farms to force their agenda. Better to be private from the start. |
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Can someone briefly explain it like I'm 5 how Monero solves fungibility?
I keep reading wheat and chessboard squares explanations that confuse me.
Are you saying there's not a satoshi unit currently for Monero? How does that work again?
Monero cannot be tracked to any particular transaction; each is equal and indistinguishable from the others. Whereas bitcoin is minutely identifiable and traceable, leading to 'blacklisting' which is the reverse of fungible. |
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It's been said that bitcoin is "good enough".Don't you think a significantly better coin is needed to overtake bitcoin, not a coin that only is a bit more reliable and anonymous? I really don't see the hype around monero but I might get me some just in case  By whom? When? Bitcoin is not good enough. That is the problem. As a public ledger, it is good enough. For cash or SOV purposes, it is falling shorter by the day. Privacy is an essential requirement. |
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shit's about to get real.
the quiet before the storm? Just look at that bid mountain  |
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