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381  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 23, 2015, 02:36:33 PM
Hold shift and right-click on folder and select "Open command window here".

A very useful trick that I can never remember when I need it. Maybe writing this will finally fix it in my mind..

It is very helpful for "cmd noobs" because they don't have to worry about finding the right directory, etc.
382  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 23, 2015, 02:30:26 PM
Quote
The trouble with speculators though is that they are often very fickle, and will likely reverse their "beliefs" at the drop of a hat. TrueCryptonaire is a classic example of this.


Quote
Blah blah blah... I think you are making the mistake of misintepreting me... blah blah blah


No, he has you pegged 100% accurately. I doubt a single person who follows this thread would disagree other than you.



EDIT: I ought to contribute something and I have been curious, although I know many will be reluctant to disclose; what are individuals fiat average buy in price? With such a large variation between last summer and now, I'm curious what kind of resistance we may see during the next leg up, whenever that comes.

I don't keep track of such things. Smiley

Polo's trade analysis could probably tell me my average BTC price (of what I've bought there), but I don't pay attention to that either.
383  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2015, 10:14:41 PM
3 day MACD turning green, the last time that happened was at the all time low, also 1 day EMA cross up, riding the daily upper bband and both bbands expanding.

*Slowly moving my BTC to Poloniex*

The perfect storm, let's go! The 0.0026 wall will move or get eaten for sure.

Guess it moved to .0032.
384  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 20, 2015, 06:02:31 PM
Difficult to convert favorite coin. Easier to find new members with no coin favorite. Maybe we avoid DASH ship wreck and find members without ship? Some members cannot saved. Prefer to sink on favorite ship

I assume English is not your native language, but this is beautiful.
385  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 20, 2015, 12:01:41 AM
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.

I don't understand why you make this information public. The smart thing to do would be to accumulate and then make it public.

Sounds like they have accumulated a substantial amount already.
386  Alternate cryptocurrencies / Altcoin Discussion / Re: Should Munero be censored on Bitcointalk? on: July 17, 2015, 05:43:32 PM
It should be censored, I no longer bother with the alts section because it winds me up.

Dimecoin arguably got giveaways banned (or was the final straw) due to the daily influx of posts. Monero dwarfs anything dimecoin did. it might not give stuff away, but it is noisy and irritating and the threads are mostly ridiculous.

Maybe have a rule where a coin in alts gets to a certain limit, and then gets its own dedicated thread. It takes up too much room.

*Edit: I just counted 17 dedicated threads on the first page Altcoin discussion.

Is that all it takes to get a coin banned? A couple of trolls posting spam threads?

Perhaps if I create some dummy accounts and start a bunch of threads about you I can get you banned  Cheesy

I've been reporting them; no idea if it helps.
387  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2015, 01:51:25 PM

He was talking about: https://who.is/whois/moneroinvestment.com
388  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 14, 2015, 01:56:56 PM
The pyramid structure is the only way something can be made valuable in general.
Therefore I am fascinated on pyramid schemes (not scams but honest pyramid schemes).
Pyramid structure means, there is a limited amount of assets and the value of the owner's slice increase when more people come in.
Let's consider gold bullion as an example: there is limited amount of gold in existence. When you have a "significiant slice" of world's gold supply (it is not that large since gold in existence is surprisingly scarce), you want others to buy also gold driving the purchasing power of your gold higher and thus you are climbimg in the pyramid to higher levels.
The same analogy applies to stocks, real estates, silver, pink diamonds, old cars, fiat money, you name it - anything valuable.

Quote from: wikipedia
A pyramid scheme is an unsustainable business model that involves promising participants payment or services, primarily for enrolling other people into the scheme, rather than supplying any real investment or sale of products or services to the public.
389  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 14, 2015, 01:38:40 PM
Promising response from btc38 49kazuki posted on reddit:
https://www.reddit.com/r/Monero/comments/3d33a9/btc38/ct2hbsm

Everyone should act now! Please send a message to btc38 today. Tell them you would like to trade Monero on their exchange. Then post in the Reddit thread with your results

https://bitcointalk.org/index.php?action=profile;u=262888 btc38 bitcointalk rep
tickets: http://www.btc38.com/trade/cs_qaa_en.html
twitter: https://twitter.com/btc38com
email: support@mail.btc38.com
skype: btc38.com
reddit: https://www.reddit.com/user/btc38

Sounds rather like a copy&paste for me ...

Yes, I've seen this response before.

Hey, Anywhere I can use paypal to buy? I don't care if I have to wait however long it takes to be UN-reversable. I don't want to give them my banking info. They used to just credit my card now they want more info so instead of giving it to them I'd rather just buy Monero with it. I refused to do the verification years ago and I'm not going to now.

Wonder if we can get Fleabay to pay out in XMR or at least BTC?

How much are we talking about here?

Edit: I only ask because I might be interested; you can PM me if you want to discuss.
390  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 13, 2015, 02:07:00 AM
I think of it like this:

At its peak, for a short while, XMR withstood over $100,000 worth of daily emission. (23000+ XMR emitted per day * 580+ XBT:USD * .008+ XMR:XBT).    

Today's daily emission in USD: ~$8,300
So a bubble in July 2015 could take us to $7+ assuming zero growth of the XMR economy.  

How about XMR in 2021? Due to better exchanges, more use, and more visibility, let's assume that XMR can withstand $1,000,000 in daily emission for a short while (as litecoin currently can in 2015 with nearly zero use). With 836 coins emitted per day, that's $1000+ per coin.

I believe $1000 per XMR is not only possible but realistic.

Lets be generous and share our knowledge of Monero with others now while prices are still cheap. I am telling everyone I know about it. They will thank me later if everything goes according to plan

If I tell my friends that I believe 1666x gains are possible, I will sound like a lunatic.

Tell them something "more reasonable" like 200% and they will be pleasantly surprised.

200% wouldn't be worth the risk.

Depends entirely on what probability you assign success.
391  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 11, 2015, 11:38:36 PM
Can someone explain this video to me?
http://8btc.com/thread-20406-1-1.html

It is supposed to be about how LTC is being promoted in China
https://bitcointalk.org/index.php?topic=1115157.0

Maybe there will be some good ideas for how XMR can be promoted there
I did not check out your links but ltc was being "promoted" as a ponzi.

To get in you had to buy 500 ltc.

Have you seen the ltc charts today?

Yeah we don't want that kind of promoting. Just like LTC, though, we can't really stop it from happening if someone tries it.


Then there is really no chance to reach any meaningful highs.
Pumping the coin is the only way the marketcap grows. Sure there will be a dump but we only can hope that there are enough open shorts when the dump starts so that the price and marketcap will end up being higher than pre-pump.
If there will be no artificial pump, the price pretty much stays as it is now or declines if the current fish species will not start competing with each others to reach the Leviathan status or even a whale status.

The bad thing about the pump is it will cause some people burned.  Undecided Like those who bought bitcoins at 1000 usd - most likely they will never get in profit, however I wish I am proven wrong in this.

Right...I'm not talking about a pump; I don't care personally if you or anyone else wants to "pump" XMR.

What I don't support is "pumping" via a Ponzi scheme.
392  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 10, 2015, 04:32:13 PM
Can someone explain this video to me?
http://8btc.com/thread-20406-1-1.html

It is supposed to be about how LTC is being promoted in China
https://bitcointalk.org/index.php?topic=1115157.0

Maybe there will be some good ideas for how XMR can be promoted there
I did not check out your links but ltc was being "promoted" as a ponzi.

To get in you had to buy 500 ltc.

Have you seen the ltc charts today?

Yeah we don't want that kind of promoting. Just like LTC, though, we can't really stop it from happening if someone tries it.
393  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 10, 2015, 03:24:47 PM
About brain wallets are not so secure after all, and its all your fault:
http://www.wired.com/2015/07/brainflayer-password-cracker-steals-bitcoins-brain/

Fortunately, the implementation of electrum style seeds in monero wallets gives us (kinda) the same ease of use and much stronger security.


Hello we are new to Crypto ...

What was the ATH of monero before?

Does it have the potential to ever reach $7 like LTC..if so when?


Any major updates coming?

ATH in USD per coin was around $6 (0.01 BTC) about a year ago. Emission is *radically* different now, so a direct comparison isn't very apt. Additionally BTC is somewhere around 50% of where it was a year ago.

ATH in market cap isn't that far off from current, probably about 100% higher or so.

A comparison with $7 LTC also isn't very apt, as LTC has almost 5x more coins right now.
394  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 09, 2015, 11:04:12 PM
if i have to migrate to a new chain and lose money doing it, i'm done with  crypto.

If you see the event ahead of time (and act on it), you'd likely make an enormous amount of money rather than losing.

No, because the principle would be dead. You'd forever have to be an investor, hopping from coin to coin. No reliability as a store of value. That's why it won't happen. Altcoins (meaning alt-ledgers, not alt-protocols) are a fundamentally self-defeating idea, except in catastrophic backup scenarios and as testnets. The window to market an altcoin to a new audience unfamiliar with Bitcoin - so that it wouldn't be an altcoin from those new people's perspective - has mostly closed, making it truly self-defeating as a long-term investment proposition.

Now alt-protocols are different, as they can be pasted on to Bitcoin's ledger via the spinoff method; maintaining Bitcoin's ledger just like a sidechain would try to. If Litecoin, for example, turns out to be better and there's somehow no way to incorporate its better ideas into the Bitcoin protocol, LTC will not be what rises; instead a spinoff of Litecoin will administer Bitcoin's ledger and BTC will rise because it has successfully improved itself!

Eh, I basically agree with you that no other coin really stands a chance of "taking on" or replacing BTC, but my post was based only on the implied possibility in cypherdoc's post that it could happen.

On the flipside, I don't really buy into the One True LedgerTM thesis, so it doesn't ring true to me that "the principle would be dead" if another coin somehow managed to become the leader. I DO, however, assign an extremely low probability of that happening.

BTC has not yet been anything close to a reliable store of value.
395  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: July 09, 2015, 10:17:10 PM
if i have to migrate to a new chain and lose money doing it, i'm done with  crypto.

If you see the event ahead of time (and act on it), you'd likely make an enormous amount of money rather than losing.
396  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: July 08, 2015, 07:21:49 PM
How is the LMDB testing gong?


I am confused - I thought that the blockchain db upgrade has been release a few months ago?

Released to github master (staging and testing) and many people are using it. Not "released" in terms of a tagged release with a number and pre-built binaries.

Also for those struggling to build/run the DB on Windows, a small linux virtual machine is one option (virtualbox is free). The memory requirements are extremely low, you could maybe get away with 256 MB RAM using text console linux, certainly 512 MB.

I am using it already since a few weeks - this is why I was confused by the above statement. Wink

can you use the wallet and mine without any problems?

Seems to be working fine for me. I'm getting ~58hs on one core mining to your address.

Edit: 60hs!
397  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 30, 2015, 04:47:02 PM
Please believe me, monero is a very bad Investment!!
Sooner or later, polo get hacked and monero will much dead by then!!!!
Don't invest your lifesaving in this!!!!!

Don't you realize you're supposed to put several !s followed by several 1s? Like this!!!11

Also, you're such a lifesaver.
398  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 27, 2015, 03:01:20 AM
Edit: meaning, I think, that "miners" (same as other full nodes) would accept/ignore codes they don't know IF they are included in a block, but would not accept them for inclusion into their own blocks.

+1 .. this is soft fork

That was my basic understanding, but I'm glad to get confirmation from ~odalv on this.

Nothing has been stated which refutes my logic. If the old version has the functionality that luigi1111, Odalv, and tcbcof have reaffirmed is their assumption, then the dire outcome I explained is the potential result. Perhaps there are other possible mitigations to such an attack.

Somebody needs to bring this to the attention of the Core devs. Appears on the surface of it, they may have a serious lapse in logic (but not having seen their rebuttal, I might be missing something).

I did not think it refuted your logic, beyond that you need at least one miner in your pocket (or your own miner, whatever) to get started.

On the surface it seems like you may have something, but I've not thought about it in depth (and indeed, am no expert).
399  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: June 26, 2015, 09:45:48 PM
Just like when Monero gets >80% mined in 3 more years there will be not even a potential guarantee that certain people aren't colluding to ruin the unlinkability.

Not to add to or take away from your post, but just for clarification I believe we're talking about removing untraceability, rather than unlinkability.
400  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: June 26, 2015, 09:26:53 PM

Derivative transactions is a virus that eventually spreads to all transactions.

Thus you could put an undocumented opcode out there and eventually force all full nodes to be SPV nodes by spending in derivative transactions to normal opcodes and spreading out your dust into as many places as possible.

Sure.  Just get miners to accept it.

But your argument was that by default miners ignore and accept opcodes they don't parse (aka not a hard fork), thus no need to convince miners to accept your undocumented opcode (aka a soft fork). Please make up your mind which functionality you are arguing miners do by default in the old version. You are moving the goal posts.

I *think* he was saying that you need to get (a) miner(s) to accept it so that it can get placed into a block, which would be necessary to create a situation like you're discussing.

Might not be what he meant though.

Edit: meaning, I think, that "miners" (same as other full nodes) would accept/ignore codes they don't know IF they are included in a block, but would not accept them for inclusion into their own blocks.
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