It would be nice if we could bottom ~0.0013, that's exactly on the following support line. In addition, we also have some support at 0.00131.  |
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More details about Evolution should be available at the Miami Bitcoin Event 21-22 of January 2016 when Dash is holding a presentation there.. Dash Evolution Demonstration / Phase III https://dashtalk.org/threads/development-update-oct-19-2015.6429/We will demonstrate what our new technology is about, how it works and why it’s a huge leap ahead of anything else that exists presently. till then its just hanging in there, trying to absorb as many hints that get leaked as possible. Do you know if this event will be streamed live? If it is, I think it would be a good idea to stream it to China through a Chinese interpretor, which we could fund through the block chain. Looking at the Chinese BTC volume I'm sure there will be massive interest in DASH. Bear in mind that most of that volume is inflated due to no trading fees (e.g. people trading with themselves to create artificial volume). Also, another cryptsy topic on reddit -> https://www.reddit.com/r/Bitcoin/comments/3q2d9r/cryptsy_is_scammers/ |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
We've tried mailing them before, you can read the response(s) in the following reddit thread: https://www.reddit.com/r/Monero/comments/3d33a9/btc38/Some helped but we need lot more people. How come many more of you helped contacting Tutanota than BTC38? It frustrates me. This quote explains the feelings of some Chinese: https://bitcointalk.org/index.php?topic=604293.msg10184079#msg10184079New investors from China can be attracted (GUI and new db will help much) but we need to make them feel welcomed. Official website should have some Chinese. Several months I built China focused Monero website that I wait to launch until getmonero.org adds translated Chinese page to link to. My page will build community but official page still needs Chinese. At least landing (already translated) and download page should have Chinese. Translators worked hard and did good job: https://forum.getmonero.org/9/work-in-progress/329/translation-of-content-on-getmonero-org-into-chinese. Fluffypony say this can be merged after this is done: https://github.com/denniss/monero-site/tree/multi-lang-integration but it taking long time. DASH is inferior to XMR based on cryptography but they beat us on marketing. It hard to attract people to help when official website wont even merge translation work done long ago. DASH have professional looking marketing many language already. We will get there. The work you have done is appreciated and will surely be used to help drive adoption. Unfortunately some things are taking longer to get finished than expected. Furthermore, if I recall correctly fluffypony was waiting for the jekyll update to integrate everything. |
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[...]if bitcoin goes on a big rally, the altcoins might continue to go down for another couple of weeks but then perhaps double or quadruple against bitcoin [...]
This. If history repeats, it may be worthwhile to pick up some LTC and PPC if they bleed a bit more while BTC continues to climb. There is one caveat though, back in 2013 PPC/LTC/NMC hardly had any significant competition. Nowadays there are so many (innovative) altcoins out there, that I am wondering if history will repeat itself. The biggest advantages the aformentioned three altcoins have is liquidity and accessibility. However, de facto they don't have any significant innovation over Bitcoin. Sure they have some merit, but will it be sufficient to induce a rally? Questionable in my opinion. |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
We've tried mailing them before, you can read the response(s) in the following reddit thread: https://www.reddit.com/r/Monero/comments/3d33a9/btc38/ |
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Monero 0.9beta Windows 7, RAM 6 GB, free disk: 3 GB/90GB, free CPU:70%, free memory: 1.5GB
> Prepare blocks took: 5342ms
What really happened at "Prepare blocks"? Any idea why it was so slow
If I recall correctly, it prepares a set of blocks (don't know precisely how much), that's why it takes that long. Also, 5s isn't that slow in my opinion :-P After syncing the blockchain RAM usage should also be somewhere around 100 MB or lower. The syncing speed also depends on the kind of hard drive, an SSD will sync way faster than a HDD. |
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Great stuff! Monero just gets better and better. Re block time - if it is changed to 2 minutes, will the block reward be doubled to keep the emission curve the same? You're correct. |
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I wonder who has been cashing out. This sell pressure seemed way higher than daily emission. Some of it was shorting sure, but that doesnt amount to full number of coins in the dumps we saw.
If true, wonder what the rationale was.
During downtrends it has always been like this. Could just be traders willing to buy back lower (also, we had a few big shorters). Miners cashing out, but due to lower buying pressure we went down more. Could also be that miners that previously held their coins exhibited signs of reverse FOMO (missing out on buy walls :-P). Then there is also market manipulation, which can easily be observed by the stacking of asks someone is doing. ArticMine's reasoning makes sense as well. I don't think it was someone big cashing out, just a collective of all reasons described that did the trick. It should also be noted that alts are getting slaughtered in general. All top 20 alts went down significantly and the main reason of this was the soar of bitcoin's price. So it could very well be that we are just correlating with that. |
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Interested as well. (buyer)
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Is this all just about hoping for The Big Pump so we can cash out to fiat and buy Lambos or are we actually trying to accomplish something here?
I just want my Lambo. But in all seriousness, technology will always be an arms race against governments and organizations trying to regulate and profit from it. We may win some battles, but I doubt there will ever be a time where we can sit back and live happily ever after with a perfectly incorruptible form of money. True, but to win any battles you have to recognize them as battles worth fighting. I see a lot of people (not only here but also in other threads, reddit, etc.) assuming and accepting that Monero is just going to follow right in Bitcoin's footsteps. Exactly, and I agree with those people if we just sit back and do nothing. The battles are worth fighting. My point is we have to continue to evolve to stay ahead or we risk being consumed by the politics. As far as I'm concerned, it's too late for Bitcoin to be saved because it failed to evolve quickly enough. I'd like to try and accomplish something. What prevents us from following in bitcoins footsteps? IMO, fighting for decentralization, which probably means the following needs to be addressed: 1. pooling countermeasures 2. blockchain size The first is probably 75% of it. I'm very pro technology development and figure that in 10 years we'll be near $5 / TB or something ridiculous. pooling countermeasures are tough though. Smart mining could in my opinion serve as a countermeasure to centralization as well. Regarding pooling, what about peer2peer? |
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@TPTB_need_war. Othe was simply providing you with some information in the first place, that :p didn't strike me as offensive in any way. Also, the fact that he doesn't like you and doesn't like your attitude doesn't imply you two can't have a civil discussion and mutual respect like he stated. FWIW: I am sincerely appreciating your peer review and hope you can continue the discussion with Shen.
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Nobody wanted to push through the few smallish walls around 160 so now somebody has decided to stomp on the price again.
adding to this the bot selling roundabout 10-15 k every few days in 1-3 XMR portions....bleargh.
hey, thats better than 10-15k in a market sell! Indeed, I don't necessarily see this as a bad thing since it's most likely just a (big) miner (or sysadmin/botnet) selling. There still remain a lot of uncertainties in the crypto atmosphere, certainly because Bitcoin is currently still in a sideways/bearmarket and has a lot of alledged issues (e.g. blocksize, fungibility). So for a miner that's a bit risk averse it's perfectly reasonable to get to fiat as soon as possible. Thus, I think this has nothing to do with someone getting out or manipulating the market, but rather some (risk averse) miner just selling. Furthermore, in this way the market is the least hurt by it, so I rather prefer this than blatant market dumping. Also, we all knew the (daily) inflation beforehand. EDIT: One more thing, it could be that traders react to this bot with the idea of selling in order to buy back lower in their mind. In other words, they profit a few % on the spread of their sell and subsequent bid order. For example, 6k was sold with an average of 0.00153 and filling all the bids until 0.0015. Subsequently, this trader sets his bids at 0.0015 and the bot will slowly fill the bids. Thus, the trader profits 2% (fees have to be substracted as well, so approximately 1.6%). This will only work if the trend is down, because during an uptrend this will definitely be a losing strategy. In addition, even during a downtrend this is a very risky and silly strategy, because the expected profit is very small compared to the variance/swings. Furthermore, you don't know for sure when the bot is done. |
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It was instamined with AWS and Azure Cloudhosting mashines you can spin up within a few minutes after you cloned the first machine; Also you have no idea how the difficulty calculation (read -> ESTIMATION) works or you woulnd´t make such dumb arguments.
It's pretty simple, you just can't make the argument that there were hunderds of miners with the evidence currently provided. Different IP's doesn't necessarily mean different people and different bitcointalk accounts could simply be sockpuppets. However, you also can't make the assumption that Evan (and friends) were the only miners on aformentioned evidence. It's just a situation where it's kind of difficult to obtain the truth. Like othe said, someone checked the IP's that were provided and it were mainly AWS and Azure cloudhosting IPs. You'll probably never know how many hashrate Evan (and friends) had, only if he honestly states it publicly (e.g. signing his addresses from back in the day). @stan.distortion: I'll comment later on your comment, got to go now. |
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If you are making long-term cold storage wallets with simplewallet, I suggest saving the exact version of simplewallet you used on a USB stick or some other backup as well.
Then if you run into problems restoring in a future version, just drop your backup simplewallet in knowing that it will definitely restore the wallet and then you can send the XMR to a new wallet.
I had the same problem with the inline/incur bug a few months ago and this way saved me. For some reason when I replaced the words it was giving me an entirely different address, so I had to restore with the old version of simplewallet.
Has this been fixed to your knowledge in the current release? I would find it highly frustrating to have XMR lost because I did not save the simplewallet file as opposed to the mnemonics. Yes, this was already fixed about half a year ago. However, medusa13 had a wallet that was (way) older than that. See comment of fluffypony on github -> https://github.com/monero-project/bitmonero/issues/235 |
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Trends are not specific examples. Despite technically knowing the facts (which have not changed), using Bitcoin in 2013 felt like "good, I am striking the controllers back and using my own decentralized money the way I want, and they cannot even know". Now it feels more like "nah, again I am touching this totally-monitored big brother system, which happens to be the best medium for this exchange since it is [enter BTC's advantages here]".
Using bitcoin is not fun (any more) due to lack of fungibility.
Using Monero is fun.
Using CK is __________
This is not by accident.
So true, just look at the bitcointalk/reddit posts from 2011-2013, it was all about "anonymous instant internet money". The feeling has changed a lot since then, but since it's a slow continous change (trend being the correct word, risto is right) most users didn't realize they were basing their usage on a completely false promise. Nothing has changed in Bitcoin of course, it's simply that the perception is becoming more accurate with respect to the actual characteristics. Great comment. I dug up a comment from reddit that's pretty attributable to this particular situation: Any bitcoin transaction with a party that knows your identity leaks information that can be used to identify your activity, past and future, on the block chain. For example, if you transfer bitcoins to an online retailer, an exchange, or many of the other services that take customer identity information, you allow them to link that identity to your blockchain pseudonym, potentially revealing the other transactions that you are party to. |
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I think the best option currently is to shift this to a dynamic/active conversation, e.g. chatting with each other on IRC. I mean, this passive forum posting and switching between/reddit isn't really that effective and some sentences/word could also be interpreted wrong. TPTB_need_war: How do you feel about talking to Shen on IRC? You wouldn't be interrupted and affected by trolls, and on top of that I think you two could have a nice and effecient conversation. He is mostly at #bitcoin-wizards, you could use the webchat option -> https://webchat.freenode.net/EDIT: Shen also said he has written everything out on paper already, so if you have a conversation on reddit he could probably explain and elaborate on the things you are worried about. |
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question: What % of the number of transactions are darksend transactions? I want to know this, because fungibility depends on it... I learned that monero has mixing by default. What's more, mixing can be done client side (and even offline). So I want to know how DASH compares... I mean, XMR tech seems to be solid, but DASh clearly has the first mover advantage and also offers other things like InstantX and a GUI. So for now I'll stick to DASh as long as the tech is usable and not flawed  I don't think the fungibility of Dash necessarily depends on which proportion of transactions are darksend transactions. The traceability of funds depends on the number of rounds of darksend mixing they go through. The more rounds of mixing, the more difficult it is to trace. If you receive funds which are then "blacklisted" you can always put the questionable funds through as many rounds of mixing as you want, then it will be impossible to say for sure that the funds that you hold are the blacklisted funds, as they will have passed through many different addresses in many different transactions. One important difference between Dash and CryptoNote mixing is that with Dash it is done off chain by the Masternodes, as opposed to the on-chain mixing CryptoNote currencies use. I don't know enough about CryptoNote to go in to it in much detail, but I believe that while it may be impossible to trace transactions today, in the future the technology may exist to trace all mixing which has ever happened as it recorded in the blockchain. All DASH transactions are engraved in the blockchain as well, so that doesn't really make a difference. |
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