XMR would make a lot of sense for Coinbase, given their support for bigger blocks. Brian Armstrong could use it to make another political statement, same way they did with Ethereum. Could do it right before the Satoshi Roundtable and really play up that angle. However, I wonder if the privacy aspect could cause them KYC concerns. |
|
|
|
And the fluffypony world tour has only just started... The Trip
2016-12-26 to 2017-01-01: Hamburg, Germany, for 33c3 (not being funded, for my own costs)
2017-01-01 to 2017-01-05: Amsterdam, The Netherlands, I'll be talking at Bitcoin Wednesday on 2017-01-04
2017-01-06 to 2017-01-09: San Francisco, USA, I'll be talking at Coinbase (note: not open to public attendance) on 2017-01-06, and I'll be at the Monero Silicon Valley Meetup on 2017-01-07
2017-01-10 to 2017-01-16: Florida, USA, where the wife and I will take a few day's break and explore the Keys (not being funded, for my own costs)
2017-01-16 to 2017-01-20: Miami, USA, where I'll be talking at The North American Bitcoin Conference on 2017-01-17 / 2017-01-18
2017-01-20 to 2017-01-30: Secret Location, where I'll once again be representing Monero at the Satoshi Roundtable (note: not open to public attendance) https://forum.getmonero.org/9/work-in-progress/87018/fluffypony-s-conference-circuit-jan-2017-edition |
|
|
|
Seems like we're going down because of BTC going up again.
It seems like XMR really acts as a hedge against BTC, like fluffy said.
In dollar terms, we still have some benefit of the Bitfinex listing. Although for some reason I don't instinctively think about XMR in dollar terms. I think of bitcoin in dollar terms, and XMR in bitcoin. |
|
|
|
I wont touch Bitfinex again, so this news is 0$ worth to me. I doubt that anyone who got hacked will touch xmr there.
Poloniex was hacked as well, and took a similar approach of creating a token that was paid off with their profits over time. And, they credit XMR with helping them cover those losses. https://twitter.com/fluffyponyza/status/804033167376035840Unless it was a theft by Bitfinex, and as much as it may annoy people who took losses, would you rather deal with what Bitfinex did, or be a Mt. Gox investor with millions going to lawyers and administrators, and your funds being locked up for years? |
|
|
|
|
Nice to have a XMR rally that isn't tied to a bitcoin dive. That seems meaningful, since the alphabay rally.
Offer levels could be better though...
|
|
|
|
Wow, that hot mess of crypto voodoo explains the Z-Crash. What's next, animal sacrifice and spirit cooking? 
Peter Wuille Fact:
Trusted third parties are security holes, unless the third party is Peter Wuille.PS - Missed the spirit cooking reference on first read! |
|
|
|
Wow, that hot mess of crypto voodoo explains the Z-Crash. What's next, animal sacrifice and spirit cooking?
Peter Wuille Fact:
Trusted third parties are security holes, unless the third party is Peter Wuille.His post appears more positive than I expected, but I think there is some more subtle trolling going on. The over-all tale is an incredible "Cyberpunk Desert Bus" epic where he notably one-ups the Zcash insiders in his approach to op-sec. (With a nice little jab against Zooko in Section 2 for taking weeks to bother messaging him over a secure channel with a pgp key.) Two weeks later on Oct 14th Zooko contacted me again via Signal, saying he “Still [hadn’t] gotten around PGP-signing my Signal fingerprint” and asking if I could be a part of either the Oct 15-16th ceremony, or Oct 22-23rd ceremony. I ignored the message until later that day Zooko finally sent me a PGP-signed email confirming the Signal safety numbers (and for that matter, his phone number!) But in terms of bigger picture, he notes: Nothing you will read below changes the fact that you’re trusting me and five other participants not to collude. Full stop. End of story. It is IMPOSSIBLE for myself and the other participants to prove to a third party that we did not collude to keep the secret key. If you do not believe you can trust me, you should stop reading now. And: More importantly, verifying Zcash private transactions is orders of magnitude slower than verifying Bitcoin transactions: tens of milliseconds compared to a few microseconds. This is so slow that if Zcash users used private transactions frequently, even without attacks mining Zcash could become unprofitable for all but the largest mining pools even due to slow block propagation effects; if small miners were not forced out of business the Zcash network could even have difficulty maintaining consensus.
In my opinion the Zcash team has been irresponsible, maybe even dishonest, in their choice of block interval and size parameters. And: As of writing, I’m not aware of any efforts to independently audit the deterministic build process used to create the compute node DVDs that every participant in the trusted setup used. This means there’s a massive single point of failure in the whole process that completely undermines the value of the multi-party computation.
Until the software and deterministic builds are audited, the entire ceremony is a bunch of crypto hocus pocus. All emphasis original. |
|
|
|
Polo buy side up to 4000 BTC and sell side is sub 300K XMR....
Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.
TA freaks welcome to comment, of course. I am wondering what it means.
Less weak hands. Less Fewer weak hands.  |
|
|
|
You can just hodl but that's pretty boring sitting on a stack of coins waiting for the value to appreciate ...
That is why I practice hodling + drinking! |
|
|
|
Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.
Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever. That is devastating, my condolences. Do you mind sharing whether it was held at Poloniex, your webwallet, regular wallet or cold storage? Or perhaps hacking in this case is like the goldbugs and their boating accidents... |
|
|
|
Jesus I can't believe trump is winning. Americans are the most retarded morons to walk the face of this planet.  From a purely nationalistic self-interested perspective, Brexit seems more retarded than Trump. Regardless, both are national votes of no-confidence that have meaning, no matter how retarded in the short term. |
|
|
|
First everyone should read wolong's book  - 9 pages XMR is example of beautifull P&D -> some people pumped Monero as high as they possible and sell to sheep - are selling from ATH. 9 pages? May I suggest you read this thread, 1262 pages. You might get a better perspective on things. I read the entire thread and it's great. Wow, time flies. Just jumped back to page 1 and thread was only created on August 2014, and I apparently posted on the first page. So I've probably read all / most of those 1262 pages as well. Amazing I still have any friends and my wife... |
|
|
|
|
Buy orders back above 3,000 on Poloniex for the first time in a while...
|
|
|
|
Zcash's technical difficulties can be solved over time.
What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.
Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.
I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.
FWIW, if the trusted setup fails, privacy is apparently not compromised. The "only" problem is that anyone who possesses the toxic waste from the trusted setup could create infinite coins for nothing. And, no-one would know about that supply. Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins. |
|
|
|
Nice to see ZEC continue its plunge while XMR rises.
Schadenfreude is definitely one of the guilty pleasures of crypto investing! Speaking of great foreign words like Schadenfreude, I recently learned this Finnish one: kalsarikännit
Drinking by yourself at your house in your underwear with no intention of going out I hope the XMR / ZEC trends continue, so i can kalsarikännit and experience schadenfreude at the same time. |
|
|
|
Did he not even know what he signed up for as trusted person? Unbelievable. This Zcash is truly a total
corporate scam. He should resign immediately rather than write disclaimers, which most people do not
read, just see his name. Once zcash goes down, he and others will also go down. Gavin is already down
the drain for earlier actions.
He has nothing to resign from, his participation in the magic ceremony was a one-time event. Zooko et al were clearly trying to show they were so confident in their process that they could invite someone like Todd who would speak freely. They may come to regret that, but the alternative, only having friendly people, would have its own problems. |
|
|
|
|
Show Posts
