Looks like many have sold - as I expected. If the rise continues, they might need to buy back if they are speculators who sold. Better to dump now than higher. It is indeed collecting some steam now below 0.004...  I expected in my personal analysis that people consider 0.004 as a potential exit point since Risto said in 2014 that 0.004 is the highest price Monero probably will go (amd that Monero will be trading between 0.002-0.004 which it actually did for long time). The true big rally might therefore start if 0.004 will be broken with power and the price takes some distance towards 0.004. When we crossed 0.003, it did not happen overnight. There seems to be some resistance to these round numbers. Sounds psychological thing.  I still think Monero will replace Bitcoin as a number one 1 crypto. Even I have talked to some people who bought directly Monero... They bought bitcoins only in order to buy Monero so I think people will prefer Monero over btc thanks to privacy features. Lack of anonymity seems to be a major setback of bitcoin in many people's opinion. Monero fixes it. Bitcoin will not disappear but just looses its significance. Just my speculation. I think it's even simpler than this: Sell wall appears at 48, buy walls disappear, price declines, weak hands falter (red moon and all that nonsense), accumulators continue on path of least resistance. |
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I think for the price of exchange BTC/drk higher than 0.00364780 xmr
And Jewel sold more poetry books than Emily Dickinson in her lifetime.... Markets take time to figure out genius from vaporware. |
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What you're describing is Zerocash, where even the ledger itself is obscured totally
Nice. Sounds like everyone's falling over themselves to be more "invisible" than the next. If anyone thought Darkcoin had a branding problem then selling "invisible money" to the masses should be interesting. IM Vendor to potential adopter: Hey mate ! You should check out this new money. It's invisible.Potential adopter: But how do I know it's real ?IM Vendor: Easy ! We'll give you this special key so you can only see your money and no one else'sPotential adopter: Really ? But how do I know there's is real ?IM Vendor: Easy ! You can see them buying stuff with it !Potential adopter: Really ? Where ?IM Vendor: Easy ! There's this thing called the block......oops  How is it any more invisible than btc, not like the average person is gonna stare at a blockchain all day? I can see MY transactions, and if i want others to see them i can use the viewkey--this is a great thing if you want privacy. Not sure why you don't get why people want privacy, but good luck with your Amway nodes. |
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I bought more btc recently with the intention of hodling it as I was 100% Monero. Half of this new btc has somehow become Monero. It seems I have no control. There is Alcoholics Anonymous, is there Monero Anonymous?
Same here--I tell myself to hedge, but then I'm like, "Why do I want public ledger money? I want cash!" |
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Can someone help me find the quote that goes like, don't invest too much into Bitcoin because it's just an experiment and something better might come along?
I don't remember anyone saying these exact words, what we like to say to each other is: "don't invest more than you can afford to lose". Yeah I still can't find it. Maybe I'm mixing up a bias with the common aphorism. Though I could've sworn... From when Andreas met the Canadian Committee on banking: Mr. Antonopoulos: "It is useful to understand that bitcoin's monetary policy is just one recipe that is possible. Bitcoin and other currencies allow us to implement monetary recipes at will and then fix them in place for each currency. If bitcoin's monetary recipe is wrong, people will move to another currency that has the same characteristics of decentralized organization, but with a different monetary recipe. It is simply one of the possible choices. I don't know if it is right or wrong, but I do know what it will be in 30 years exactly for bitcoin. I can tell you to the millionth decimal point exactly how many currency units will exist 140 years from now in bitcoin. What it provides, whether or not you like the recipe and whether or not you agree with it, is certainty and predictability, and it allows people to adjust their expectations for that. Whether that's the right monetary policy or not, with this new model you can build your own currency which has a different monetary policy. If it is better, it gets to win. It's an open competition." |
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In my mind it is much simpler why Monero can overtake Bitcoin; it fulfills the cypherpunk dream of an e-cash. I just use bitcoin as a tool to buy monero and it's because i want e-cash and nothing short of this will do. It's weird for me to think that an intellectual dream/problem could be abandoned because an "almost there" enjoys market share. Bitcoin is a nice attempt (entry point), but it failed the fundamental mission (exit point). I believe Satoshi understood Bitcoin as the start and not the end, so he's probably enjoying Monero's rise with the rest of us.
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And my point that it is more secure to remove information from a system than to keep it in the system encoded
Is drk actually doing this? I asked for a detailed description earlier from you and it didn't seem that you understood how drk worked enough to make a statement such as this with real confidence. |
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Majamina, all of your questions have been answered many times. It is clear that nothing we say can possibly convince you that DASH is not "fit for purpose" (whatever that means). Nothing will ever be proven to your satisfaction, no matter how many red flags we point out.
OK just one last time, for the record: - Nobody has answered the question about DRK fungibility - Nobody has answered the question about Masternodes being 'compromised' by anyone other than NSA - Nobody has responded to Illodin regarding what an attacker would actually get if they compromised a masternode - Nobody has demonstrated how DASH is not fit-for-purpose At this point, the quality of the anonymity tech should be the least of your concerns. However, that is all you're interested in talking about. You've already agreed DASH's privacy is inferior to Monero's... so what exactly are you really trying to accomplish?
No, it's not just the anonymity tech. Everyone is saying that Masternodes are flawed, but nobody can say why. Masternodes provide Privacy, InstantX and more features to come. This is what makes DASH different - if they're broken then show me and anyone else who's interested in these coins why they're broken. What I'm trying to accomplish, by this point, is to show that the critics of DASH are persistently failing to follow through their claims with anything conclusive. I'm more than happy to be 'pwned' by any of you on this and will then dump my DASH holdings. Go for it! This thread has been quite an eye-opener for me, as I've learned there's been a hell of a lot more going on with DASH than just a shady premine and inferior tech. It makes me sad, Majamina, that you are so determined to go down with this ship.
don't be sad for me, I'm old enough to look after myself  Can you explain how a masternode works in a more detailed way? I'm curious to see how all the moving parts work in coordination--on just a cursory look, it seems like an added complication (unnecessarily so) to a cryptocurrency. |
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Blockafett, trying to get me to believe that depending on humans for security is a "good thing" is not going to work. The less a system depends on humans the better, and that seems doubly true for a system that is entrusted with your well-being (finances, privacy, security). * Here you go, Vokain, this was the post I remembered (not Fluffy's man hours ) it was the db total: https://bitcointalk.org/index.php?topic=583449.msg10556465#msg10556465 The project total here is (taken from Fluffypony's estimate): "35 weeks of development (245 days) since Monero was inherited by the Core Team 594 separate commits 11 contributors 10 221 modified lines 12 706 new lines 32 lines removed Combining the two together, there were 22 927 lines of code over the first 8 months, which is 18 342 hours of work, so $1 375 620 worth of effort." --OMF--Organic-memory fail. I should have used the AFAIK safety word. I did send Fluffy a pm asking about his personal total, but he probably thinks I'm a tax informant now, so I don't know if he'll give me that total. But this should at least answer how devs calculate these figures. "trying to get me to believe that depending on humans for security is a "good thing" is not going to work. The less a system depends on humans the better, and that seems doubly true for a system that is entrusted with your well-being (finances, privacy, security)." masternodes 'depend on humans for security' in the same way that bitcoin fullnodes 'depend on humans for security' dude. It's a misapplication of the concept of trustless operation. It's not a misapplication; Bitcoin is claiming to be a public blockchain, and drk is claiming to be private. whateva Don't you mean "what Evan?" |
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Blockafett, trying to get me to believe that depending on humans for security is a "good thing" is not going to work. The less a system depends on humans the better, and that seems doubly true for a system that is entrusted with your well-being (finances, privacy, security). * Here you go, Vokain, this was the post I remembered (not Fluffy's man hours ) it was the db total: https://bitcointalk.org/index.php?topic=583449.msg10556465#msg10556465 The project total here is (taken from Fluffypony's estimate): "35 weeks of development (245 days) since Monero was inherited by the Core Team 594 separate commits 11 contributors 10 221 modified lines 12 706 new lines 32 lines removed Combining the two together, there were 22 927 lines of code over the first 8 months, which is 18 342 hours of work, so $1 375 620 worth of effort." --OMF--Organic-memory fail. I should have used the AFAIK safety word. I did send Fluffy a pm asking about his personal total, but he probably thinks I'm a tax informant now, so I don't know if he'll give me that total. But this should at least answer how devs calculate these figures. "trying to get me to believe that depending on humans for security is a "good thing" is not going to work. The less a system depends on humans the better, and that seems doubly true for a system that is entrusted with your well-being (finances, privacy, security)." masternodes 'depend on humans for security' in the same way that bitcoin fullnodes 'depend on humans for security' dude. It's a misapplication of the concept of trustless operation. It's not a misapplication; Bitcoin is claiming to be a public blockchain, and drk is claiming to be private. |
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Blockafett, trying to get me to believe that depending on humans for security is a "good thing" is not going to work. The less a system depends on humans the better, and that seems doubly true for a system that is entrusted with your well-being (finances, privacy, security). * Here you go, Vokain, this was the post I remembered (not Fluffy's man hours ) it was the db total: https://bitcointalk.org/index.php?topic=583449.msg10556465#msg10556465 The project total here is (taken from Fluffypony's estimate): "35 weeks of development (245 days) since Monero was inherited by the Core Team 594 separate commits 11 contributors 10 221 modified lines 12 706 new lines 32 lines removed Combining the two together, there were 22 927 lines of code over the first 8 months, which is 18 342 hours of work, so $1 375 620 worth of effort." --OMF--Organic-memory fail. I should have used the AFAIK safety word. I did send Fluffy a pm asking about his personal total, but he probably thinks I'm a tax informant now, so I don't know if he'll give me that total. But this should at least answer how devs calculate these figures. |
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Can anyone even explain a masternode? I mean technically, not a outline, but a detailed explanation of all the moving parts?
I assume human elements will always fail (greed, corruption, stupidity, good intentions) as they do in real life, so if the mastenode system depends on humans obeying best practices to function securely, it follows reason that they will be broken. But if the masternode system does not depend on humans following best use practices for security, then the system should theoretically work--so can I get an thorough explanation?
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Then donate some of the xmr to the devs or learn to code. Criticizing the devs is doing what? You think they're all beholden to your opinion? Like your a shareholder? They are volunteers! With lives! Opinions! And have every right to do what they want they aren't working on the project. Fluffy alone has donated over $300K in manpower hours to Monero. Have you donated a single hour?
 I can still gain all the benefits, even if I choose not to share. There was a study on why doesn't selfish behavior pervade society if selfish behavior has the most benefits--they used bats as one study group. Bats share food with neighbor bats when they find a food source. The scientist fed certain bats, but did not let them share the food to see how the group would behave. The group reacted by not sharing food with the "selfish" bats. And while I feel sorry for the bats in the study because they were ostracized by the scientist's actions and not their own--i don't feel sorry for when it happens to humans. The larger your stake in Monero, the more it makes sense to give back towards the success of the project. Even Nash is on record that game theory is lacking when talking about human interactions. Probably being institutionalized gave him the insight that not all human actions are rational or can fit into the context of game theory. |
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https://getmonero.org/knowledge-base/people --more devs than you can shake an angry troll stick at, and they're volunteers not paid by an instamine, but go on trying to sell your concern pericope like a two bit trial lawyer. Also, if they believe x-dark-dash is a fraud, they have every right, and I applaud them for it, to call it so. Your concern trolling is very appreciated--you obviously put a lot of time and effort into it. Buddy, I have more XMR than you, I guran-fucking-tee it. And I'm actively bringing new investors in, so please stfu about concern trolling. It's true that I have Dash as well, but my only concern is to see the development of the best technology. I just think that devs should be coding, not arguing with idiots on a forum. Then donate some of the xmr to the devs or learn to code. Criticizing the devs is doing what? You think they're all beholden to your opinion? Like your a shareholder? They are volunteers! With lives! Opinions! And have every right to do what they want they aren't working on the project. Fluffy alone has donated over $300K in manpower hours to Monero. Have you donated a single hour? |
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Wonder if Vertoe will contribute to XMR instead? Need some more devs who care more about building the coin than pointing out the flaws in the competition. For the life of me I can't understand it. They say that Dash is fundamentally flawed, yet they continue to spend their time arguing about it. Imagine if scientists spent more time arguing with crazy evolution skeptics than doing actual science? Nothing would ever get done. You have core devs, whose time is of the utmost value, arguing with internet trolls. It's absurd.
https://getmonero.org/knowledge-base/people --more devs than you can shake an angry troll stick at, and they're volunteers not paid by an instamine, but go on trying to sell your concern pericope like a two bit trial lawyer. Also, if they believe x-dark-dash is a fraud, they have every right, and I applaud them for it, to call it so. Your concern trolling is very appreciated--you obviously put a lot of time and effort into it. |
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Debora its the same as Bitcoin's fullnodes. Masternodes are just people's wallets running with masternode=1 in the config. Plus you need 1000 coins in there to make it work so a lot easier to attack fullnodes than masternodes. Plus taking over masternode network you couldn't actually make any $, takover BTC nodes and you can. There is zero merit to all this crap about masternodes being 'easy to compromise' or being 'centralized', it only works if you have 20 butthurt XMR drones who try to make it true by posting it 2000 times - it's just a lie.
I'm sorry blockafett but I can't agree with you. If you compromise a Bitcoin node what good does it do you? You don't get paid so you can't steal money, and every node receives the same blocks and the same transactions. That is what makes Bitcoin special, that every node is the same and in consensus. MasterNodes are not in consensus, each of them processes small pieces of a puzzle that other MasterNodes know nothing about. In other words, if there are only 2,000 Bitcoin nodes and you have secret access to 1,950 of them you can't see anything more than you would by just running a node of your own, except for the educated guesses you can make for the originating IP address of transactions. If you have secret access to 1,950 of the 2,000 MasterNodes the entire system is no longer fungible or safe. Hi. But same for Dash - what does taking over a masternode get you? You can't get any DRK, and to deanonimize transactions you need 95.00% of all masternodes just for a ~1.65% chance--these numbers are disputable. Then to obtain 1,950 maternodes (which have an incentive to attack each other to 1000) today will cost >$9m buying over 40 days (if you believe everything I type as gospel) if you were 100% of the volume so not that easy (or if you are attacking they are spread over 30 countries (3 holding over 70%) with different companies / security systems / home users to get through first). About BTC - one incentive for taking over BTC full nodes is surveillance, like the current 5% of nodes that are performing a sybil attack on behalf of <we dont know> http://www.reddit.com/r/Bitcoin/comments/2yvy6b/a_regulatory_compliance_service_is_sybil/It seems pretty resiliant to me. And masternode operators take security a lot more seriously than most,(I believe but cannot prove which is why cryptocurrencies shouldn't depend on humans for security, because many do not use best practices and it's dumb to assume most people are--even when it's in their best interest--hence why systems that depend on more on protocols than humans are inherently stronger than those that do not). FTFY This idiocy of insisting that people use best practices (because it is in their interest--lol; they have time to manage and time is money and doing things right takes time, but whatever...where was I...) fails to acknowledge game theory or reality. Monero is changing the minimum mix-in because too many people were using low mix-ins and lowering the anonymity of the network--they found this themselves and found a solution, Evan should do the same with masternodes. |
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I'm assuming DeboraMeek's female for some reason--dunno, why....
And they say there are no ladies in crypto! Wish there were more gentlemen.  |
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My Dash is going to be sold over the next few days. I refuse to a cryptocurrency where the fanboys imagine that cryptography is uneccessary. What a stupid thing to say.
So you think these fanboy guys are stupid, then base your investment decisions on what they say. Seems a bit strange... I never said they are stupid, I said that what they said was stupid. It's like the run-up to an election, you support a candidate and you think he's not entirely stupid. In a debate just before the election his supporters make signs and go on interviews saying that they don't think the opinion of the people is important, and they fully support the presidential candidate making all the decisions. The candidate keeps quiet. Eventually former presidents come forward to point out how disconnected this thinking is from reality and how dangerously close it is to supporting a dictator. Would you keep the faith, and just ignore what is becoming more and more apparent? OK well whatever. I still can't understand why you'd sell your coins because someone else who has the coins says something stupid. If it was the lead dev then maybe, but some guy on a forum? I think she brings up a good point. Fanboys are emotionally labile and if a crypto's price is being supported mainly by fanboys who don't understand the technical aspects of their cryptocurrency and why it is good or better than another currency then they must be involved in that crypto for 1 of 2 reasons: 1. Price 2. Hype If a crypto is supported by fanboys who's main concern is price and hype, what happens when price goes down or the hype fades away? All support for the coin vanishes and it goes down in the books as another pump and dump (not to even mention Dash's 'accidental' pre-mine). If you're going to choose a privacy coin pick one with a good dev team (with no pre-mines), good community support and has people involved in it that aren't blinded by its day to day price. I invite you all to Monero: https://bitcointalk.org/index.php?topic=753252.new#newThe choice is yours. I'm assuming DeboraMeek's female for some reason--dunno, why.... |
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If anything, Monero usually has higher volume and better liquidity than Dash/DRK when they're not getting pumped by Otoh/Masternode. #logic Blockafett, use it.
I think I'll just let you burry yourself in your own clueless arguments. And when are you (or Blockhead) gonna answer Toshi's question or GMaxwell's critique? |
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