This is a speculation thread. Questioning it is sort of the point.

Even if he let the price fall back to 0011 it wouldn't really make much difference when you consider the effect of buying 400 btc worth of xmr.

He says it was to give investors a fair opportunity to get in before making his move. However, I think everyone's had more than enough time, and we might have been better off not knowing.

Another possibility is that Risto was merely attempting to create a buy panic and had no intentions of directly manipulating the price.

Price is at 0014 and falling. Looks like everyone has secured their positions after RP's announcement, and have returned to watching and waiting.

Despite Risto's positive intentions with the announcement, we may have been better off not knowing the source of any future price increase. What may have been viewed as "renewed interest" is now just seen as "Risto pumping the price."

What people think is important changes constantly. Decentralized and trustless systems are interesting right now because people are starting to get weary of being subject to the whims of banks and government bailouts. However, future events may increase demand for centralized banking and trust-based systems in general.

Privacy is no different. It's a hot topic right now, but who knows what we will find important down the line.

The main takeaway here is that even if these technologies fall out of popularity, we will always have them in our back pocket should the need arise.

You can smoke it?! brb

So at best it's old news, and at worst it's a complete fabrication.

Plot twist: Ryan Kennedy isn't a real person. He's Ferdous' alter ego. You heard it here first.

So you don't want to know about the coin because too many people are enthusiastic about it?

If you're saying you're jaded by all the hype of crypto scams, I totally understand you there. But the project has been around for a while now and the developers have shown no lack of honesty and professionalism.

I'm not trying to pick a fight. I just want to understand your logic.

You have no idea who Satoshi is, nor whether he (or they) got paid.

If you'd rather developers steal coins from their users in the form of pre/insta-mines as opposed to asking for contributions, then you have a plethora of options. The rest of us have XMR.

Ba dum tish

As a software developer I still refuse to pronounce GUI as "gooey." It doesn't seem like an acronym that was ever intended to be pronounced as a word. Plus it just sounds stupid and I feel stupid saying it 

I'd guess whether or not a $100k investment would help xmr would depend on how deep we are in this bear market. You might buy the price up to 0.004 and just watch it gradually slip back down to .001. On the other hand, if the timing is right, it might be the bump that gets everyone's attention.

I think xmr has plenty of awareness within the cryptosphere, but everyone's kind of sitting and waiting for something to happen.

Also, regarding the GUI, I think it's much less important now than it was 6 or 8 months ago. Beyond a certain point of development, far more people will use third party services that fit their needs more appropriately than those who will rely on the official client running a full node.

I'd say the most important "features" to have at this point are more web APIs and services that make monero integration as painless and easy as possible.

Ferdous still controlls the v1 wallets. He told me via PM he was planning to setup a withdrawl page, but that was over a month ago.

mymonero.com is plenty safe. The only difference is mymonero knows your viewkey, so it's not the best option for anonymity.

If you do use mymonero.com, just be sure to save your spend key in addition to your mnemonic seed, in case the site goes down you can still recover your wallet.

What would be great is a "send btc using xmr.to" option in mymonero.

Whoa, let's pump the brakes, shall we? Your worldview is far too positive for this forum.

A unique payment ID will reveal all associated transactions, which can give away the total payment amount. This kind of defeats the purpose of the denominated transactions, doesn't it?

To make my point as clear as possible, openBazaar devs could easily make the same exact statement about Monero as TacoTime did about openBazaar:


See what I mean?

I agree that including open/free bazaar features in the official wallet is not a good move. I also don't expect the core team to condone illicit activity in any way.

What alarms me is TacoTime's hasty objection to decentralized marketplaces, but not to the decentralized private currency he's currently working on.

He then throws out the word 'intimidation' in a statement that alone could be interpreted as threatening or intimidating. It makes me wonder if he himself is under some kind of duress.

If it were anyone else, I'd assume his comments were made in bad judgement. But this is a person who seems to choose his words very carefully.

There's a difference between making something illegal and enforcing it.

Cash can be made illegal, but governments can't (easily) stop people from using it. I think the only reason banks still print physical money is because if they didn't something else would take it's place.

Monero (as a virtual cash) should be usable regardless of whether governments are okay with it. To me that's the entire point.