PS: I would like to hear your opinion on what I found: Approximately a week ago I calculated the correlation of GOLD/BTC.
Results:
Last year (29-07-2014 - 28-07-2014): 0,519572846
YTD (01-01-2015 - 28-07-2014): -0,562651161
Quite interesting I have to say. Unfortunately I was not able to produce a correlation chart over time. I would love to see such a graph. ... I think perhaps you correlated the noise and didn't apply a smoothing filter. BTC MUST NOT follow Gold and this seems NOT to be the case now...
I think they are roughly correlated in terms of general direction, so if you correlate them with smoothing filter, you get very high correlation. But they are noisy in short-term and fall out of correlation. Also BTC is apparently much more volatile than gold. You are trying to focus in on much shorter-term moves in price action. We may go up or down short-term, but over next months we are going much lower. Hadn't seen that reply yet, but thanks for your opinion! I will try to calculate a smooth correlation. If I manage to do so I'll get back to you. |
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It's gonna really tough for me to give up on my Monero  Why would you give up? Selling and repurchasing at lower prices is giving up? Or do you mean that you bought at higher prices and feel not good about selling at a loss? P.S. the only argument I could make for why altcoins would not go down while BTC and gold are, is that it might be more difficult to short them? I don't know.It's certainly possible to short some of the altcoins listed on poloniex, see -> https://poloniex.com/lending#BTC. It isn't much tougher than shorting on bitfinex, but you could encounter lower liquidity. The current lowest lending rate for XMR 0.0001% (I have a hard time comprehending why one would offer their XMR at such a rate taking counterparty risk in mind as well) though and thus implies there isn't really much demand for shorting XMR. However, this could change if the scenario you described above materializes. Regarding lending: There is also 5k avaible at 0.0003%, which still is insanely low. PS: I would like to hear your opinion on what I found: Approximately a week ago I calculated the correlation of GOLD/BTC.
Results:
Last year (29-07-2014 - 28-07-2014): 0,519572846
YTD (01-01-2015 - 28-07-2014): -0,562651161
Quite interesting I have to say. Unfortunately I was not able to produce a correlation chart over time. I would love to see such a graph. |
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Edit: 10k coins available to buy at spot, not mine.
Pulled and 3k was bought in front of it. If we can break 27 on volume, we'll probably see a genuine attempt at breaking 30. |
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I don't understand this haste in pumping the price up. It's cool if we go to 0.0043 or beyond. But it is equally cool if we go to 0.0015. The latter would be even cooler regarding my activities, but for the same reason, I believe we will see the former first.  If the price went back to 0.0015 I would be getting seriously tempted to crack open some old cold storage (early 13 cold storage that I didnt even really think of breaking into during Nov 13 bull run!). We can dream I guess, I did get some bids filled around 0.00235 which is where I predicted this pull back would hit. Not as much as I'd like though so keep dumping people. Props for calling that! I think 235k will serve as a good locol bottom to resume the uptrend later. Rpietila also mentioned 235k is an important fib level. Although I would prefer if we would go a bit less violent next time, but you can't really control markets and if it soars it almost always overshoots (possibly due to FOMO). @Rpietila, you remind me of this guy -> https://vid.me/ima7. We all know what happened after  Lol at TC being "polo whale gang". I think the real whale gang could have him regretting those sales. Its a shame that polo is on a ETH hype atm (though its good if you're still accumalating). If half those people who got dumped on 0.003+ on ETH had put their money into a decent project they wouldn't be staring down the barrel of loses :/ On the former: I think it's a bit of both, there were a significant amount of asks stacked before we started the (somewhat explosive) uptrend, but I don't know for sure if most of them got bought or were removed since I was way at that time. On the latter: I agree, but this will dwindle over time with block rewards diminishing. |
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I don't understand this haste in pumping the price up. It's cool if we go to 0.0043 or beyond. But it is equally cool if we go to 0.0015. The latter would be even cooler regarding my activities, but for the same reason, I believe we will see the former first. If the price went back to 0.0015 I would be getting seriously tempted to crack open some old cold storage (early 13 cold storage that I didnt even really think of breaking into during Nov 13 bull run!). We can dream I guess, I did get some bids filled around 0.00235 which is where I predicted this pull back would hit. Not as much as I'd like though so keep dumping people. Props for calling that! I think 235k will serve as a good locol bottom to resume the uptrend later. Rpietila also mentioned 235k is an important fib level. Although I would prefer if we would go a bit less violent next time, but you can't really control markets and if it soars it almost always overshoots (possibly due to FOMO). @Rpietila, you remind me of this guy -> https://vid.me/ima7. We all know what happened after |
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I don't have to download the blockchain to just create a wallet right? (I just want to make a paper wallet and will import to MyMonero or a more friendly wallet when I want to cash out.)
That's correct. You can do it on a computer that isn't even online (in fact that can be safer). In addition, http://moneroaddress.org/ can be used to generate an offline wallet. |
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When was the last time tacotime did anything remotely related to monero? Serious question. EDIT: Why not call the smallest Monero denomination... a Nero. I would appreciate an answer to this as well. At 2am today (my time) -
[01:53:09] <tacotime> https://tools.ietf.org/html/draft-josefsson-eddsa-ed25519-03#section-5.6
[01:53:36] <tacotime> there's a step where you get r from SHA-512(prefix || M)
[01:54:10] <tacotime> where prefix is SHA-512(secret)[32:64]
[01:57:48] <tacotime> (the first half of the prefix is used to generate the scalar to use as a private key)
[01:58:08] <tacotime> my question is, can't prefix be anything and the won't the signature still be valid if it is?
[01:58:21] <tacotime> and is there any reason that doing this would be dangerous?
[01:59:27] <tacotime> i realize that if you use a bad value it might be like choosing a bad K in general
[01:59:38] <tacotime> but if your value is securely chosen, is it safe?
[02:34:26] <tacotime> and also
[02:34:26] <tacotime> is it possible to construct hd keychains from ed25519 private scalars? i don't really thing it is because there are four required bits that need to be set for an ed25519 scalar to be valid in terms of generating a signature
[02:34:26] <tacotime> i kinda wonder if there's a way around that though
[02:34:29] <tacotime> normally for an hd keychain you += hash(pubkey || index) to both the private scalar and public point
[02:35:38] <tacotime> so to get priv_i and pub_i
[02:36:06] <tacotime> priv_i = (priv + hash) mod N
[02:37:17] <tacotime> pub_i = (pub + scalarbasemult(hash))
[02:38:16] <tacotime> and how come monero doesn't run into this issue when it generates private keys through ecdh? does monero allow these scalars to be legal with the bits set anyway?
[02:38:37] <tacotime> because you'd expect 1 in every 2^4 scalars for any given derived keypair to be invalid
[02:38:42] <tacotime> but i'm probably missing something
[02:59:03] <tacotime> okay i figured out the zeroing out of the 3 lsbs
[02:59:12] <tacotime> that's just *= the cofactor
[02:59:29] <tacotime> but you do need one bit to be set in the private key for it to be useable, right??
[03:00:22] <tacotime> so when you ecdh a corresponding secret to the recipient, how can you tell with 100% certainty that the private key they will derive has a single set bit in the 254th position??
I am not understanding any of this stuff But great to see he's still active! |
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When was the last time tacotime did anything remotely related to monero? Serious question. EDIT: Why not call the smallest Monero denomination... a Nero. I would appreciate an answer to this as well. |
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Any word on what the big hullabaloo is supposed to be today from XMRchina?
He said that setting up things went slower than hoped. I don't know where his post is but he gave some details about what he was doing. See below: Hello everyone, As I stated in my last update some things are taking longer than I thought https://bitcointalk.org/index.php?topic=753252.msg11997287#msg11997287I had planned to use some press releases to direct some traffic to 8xmr.com however that site if not yet ready. Currently 8xmr has it pointed to getmonero.org until 8xmr.com is ready to launch dEBRUYNE mentioned that a David Lapatie article has already been translated into Chinese here: http://www.8btc.com/moneroThe problem is that 8xmr may eventually become a competitor to 8btc so it would be wrong to ask 8xmr to point traffic there now. I also want to include 8xmr in our China launch plans because it could become our biggest Chinese community portal. I have no updates on new exchanges yet but hopefully if we all keep frequently contacting them they will add us relatively soon. More translations on the getmonero page will of course help. A few of you have asked about the significant of 8/8. The number 8 is considered a lucky number. Wedding presents for example may be in denominations of 8. Vanity phone numbers often carry the number 8 as do many popular websites (like 8btc). 8/8 does not directly relate to Monero. It just would have been a good day to launch a campaign. Sorry for the delays. Please continue to contact exchanges and complete all the missing English content on getmonero.org so that everything can be approved for translation. I communicate with 8xmr often and will let you know when that website is ready for launch. |
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For everyone with a poloniex account:
AEON has been listed on poloniex before and according to smooth their wallet has been updated. So I would like to ask everyone that has an account to send them a message that you would be interested in trading AEON (again). You can just open a support ticket and I think the mods will pass it along. Personally I hope it gets reenabled, more exchanges means more awareness.
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There are still people left who look at bitfinex fake walls ? It's just one whale who makes always the same moves. Edit: You can even see him right now taking out walls just to scare weak hands. I could see walls all the way down to 80$ on bitfinex. Yeah, scary as hell.  Perhaps the guy (or entity) was a NY resident. |
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@markm You do not need to specify your own IP address. I have no idea why those instructions are telling you do to that.
It's in antast's blog under "Set up supervisor to make bitmonerod start during system boot" -> https://antanst.com/blog/2015/05/22/how-to-set-up-a-monero-node-in-ubuntu-14.04/ You should enter your real IP address in the second line, and also replace the "1024" limit values, depending on your available bandwidth. These values correspond to kB/s, so the above example specifies a one megabyte per second bandwidth limit. But as you can see the blog is from may, so it's a bit outdated I think. @MarkM, perhaps try the more simplified instructions GingerAle posted? https://bitcointalk.org/index.php?topic=652305.msg12033096#msg12033096I've never heart of this before either. |
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Quite relevant, so worth a crosspost: ...
Whether Monero exists as a test bed for features that will be assimilated into bitcoin, or Monero will simply live as a parallel, opaque option to the transparent bitcoin chain, or perhaps just take over and leave bitcoin in the dust. All this will play out.
...
One of my favorite things about Monero is how it can exist as both opaque and transparent. If I wish for an account to be transparent, I can simply expose my viewkey. The view key is well known, but it can be a blunt instrument, since it reveals all payments for the entire lifetime of an account (including past and future). It is less known that you can disclose individual payments on a case by case basis, as needed: In case Alice wants to prove she sent a transaction to Bob’s address she can either disclose r or use any kind of zero-knowledge protocol to prove she knows r (for example by signing the transaction with r)
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Still.... if you want to own Monero the time to do so is fucking NOW, before the GUI comes out. And if you haven't compiled the latest source yet... well, that perpetual database the devs have been working on since 1991 is almost done.
Careful giving advice there. I had this same assumption over a year ago and got slightly burnt, but long term, I should be ok. XMR I believe hast hit ~ 1.60 USD per coin back in like may of 2014, and then sunk as low (?) as .25 USD this past winter, assuming my memory serves me well. I think it was even higher, somewhere around 2$, you can see most of the $ XMR prices here -> http://coincap.io/#/coin/xmr. However, XMR got hit pretty bad by the bearmarket in BTC, if the bearmarket hadn't sustained that long we probably would've seen a different price. Remember that a bearmarket in BTC significantly lowers the confidence in cryptocurrencies in general and thus gives a leveraged effect on most alts. But I think we have seen the bottom now for BTC (not entirely sure) and thus some upwards room will be created for XMR. Regarding the GUI, devs shifted priorities after the August 2014 block attack and focussed on fundamentals first (see this comment by fluffypony -> https://www.reddit.com/r/Monero/comments/3g227j/questions_about_monero/ctu5ior?context=3). |
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Just wanted to state that XMRpromotions is in no way affliated with the core-team nor with the official social media accounts. Furthermore, I, as Monero supporter, certainly don't approve this kind of actions since they are kind of ridiculous. I personally wish that both sides would refrain from trolling eachother and just went to work on their own projects.
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Bug... but boy is that a scam. Ethereum's coins is called Ether! NOT Ethereum! And it's NOT trading yet. It's already trading at Kraken -> https://www.kraken.com/charts (switch to ETH/XBT). The pairs are up, as part of the ethical strategy by Ethereum. They call it the "thawing period". Mining clients are available for setup, but real mining starts only days after subsequent update. After that is established to secure the network, trading opens. It's sort of an RC release before going live. But this is news from days ago, though I really don't think it has actually started. Did you even bother to click that link and watch the pair? If you did you would've seen there are multiple trades executed in the last hour and trading volume is over 100k$. Furthermore the order book is filled and the market is open. Also -> https://www.reddit.com/r/ethereum/comments/3g4bzf/kraken_started_trading_already/ctuqytt |
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