Lol! He is one of the small dicked IDIOTS who bought Ethereum, and now he hopes people will buy his CRAP  ETHEREUM IS FINISHED Lost all of its credibility Only valuable among IDIOTS You have ZERO idea what his investment portfolio or purchase history is so quit trying to FUD the facts. AA has more knowledge and intelligence and humility in his left testicle than you have in your whole miserable bitter body. Read and learn from AA. He's genius. PS Ethereum wasnt hacked you tard. No he's an idiot and you are too The crypto-currency ecospace is bifurcating. On one side are the mETH addicts who support forking and moral hazard. That is good. Now our side needs a smart contract offering to kick Ethereum's delusional butt with. It is time to show these script kiddies how to do this in a more professional way. Who is with me? You are welcome to wait until code is announced. I wouldn't support vaporware either. It goes against our creed. Vitalik will not change. He will remain the person is his. Choose him if you like what he has done. Otherwise read this: https://bitcointalk.org/index.php?topic=1505886.msg15273183#msg15273183There is Counterparty https://www.cryptocoinsnews.com/counterparty-brings-ethereum-smart-contracts-to-the-bitcoin-blockchain/. Does anyone thing that Bitcoin will hard fork to accommodate a failed Counterparty Ethereum smart contract? Of course one does not have even have to use Bitcoin as the base chain for Counterparty. |
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As far as Spoetnik, is it really his fault he is right EVERYFUCKINGTIME?
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~BCX~
You mean as a contrary indicator on Monero. His timing on the current Monero breakout to the upside was like bang on. |
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Good news, everyone! /u/biglambda, the comedy genius who created intheoreum.org, is rage-quitting ETH and joining Team Mustang! He should be a good fit for Monero Mountain's thriving neckbearded turbo nrrd community, as his occupation is reportedly writing HPC compilers.  I won't be upgrading my miner to fix the DAO and here is why. self.ethereum
submitted 13 hours ago * by biglambda
I've been mining ETH since the Olympic test net and I believe in the Ethereum blockchain. This "hack" is within consensus and the results of the hack should stand on the blockchain because /u/vbuterin is not my character Bob
If this happened on the Bitcoin blockchain, the blockchain would give zero fucks about a contract regardless of it's size. And in fact in order for "crypto law" to be a possibility, the consensus must stand. The right solution for DAO holders is to negotiate with the hacker to return the funds by allowing them to keep a percentage of the stolen coins without repercussions. If you rollback the blockchain you compromise the integrity of the entire Ethereum experiment and the value of the Ether token.
Once my miner is forked off the network, I will build a Monero client and continue mining.
Soon there will be dozens of us. DOZENS!1!!  Yes. Breaking the consensus and social covenant in Ethereum over a failed contract is the real issue here. I mean did Bitcoin fork over, pirateat40, MtGox, Silkroad in favor of the US Government, the Silkroad seizure against the US Government, etc.? No, No, No, No, ... This also begs the question: Are all failed Ethereum contracts reversed or just those too big to fail? Of course in Monero such selective shenanigans would be impossible because the censor would not know which transaction(s) to reverse, undo etc. |
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I would listen to Spoetnik if I were you.
~BCX~
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Sure. His timing was very good  By the way I would not use an iPhone with its Orwellian DRM even if I was paid to. Orwell got one thing wrong in 1984 He did not anticipate that people would be carrying the telescreens in their pockets. |
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Monero is dead
~CfA~
The poll here says so.. so YES. Face facts guys if the majority says it's dead.. then it's dead. That is just how it is in crypto guys. PS: I heard a rumor they might do a roll back on those extra tokens. LOL Interesting timing. 1) Go down the Market Capitalization list https://coinmarketcap.com/#USD2) Find the first coin that actually has gone up in value 3) Declare it dead |
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Ummm, I never even had an opinion on why BTC is on the rise so how can you say you agree with him and by extension not me when I never presented an opinion on the btc rise? I stated I would rather have my holdings in fiat for the bubble burst where you state you would rather have it in an alt which basically is us all agreeing that holding BTC is the foolish move. I disagreed on whether getting out of xmr is a good thing or not and I postulated that it depends on the market share you are holding.
I see the market at this point as very complex and I can see why a simple commnet such as: I am with americanpegasus here. ... can lead to a misunderstanding. The question that comes to my mind is are we going in to a Bitcoin bubble? If the answer is no then this is a scenario where moving into fiat with the idea of buying Monero in the future at a lower price in fiat terms than now may make some sense. Still even under this scenario there remains the risk of significant improvements in Monero such as the GUI and RingCT, keeping the fiat price of Monero above the current levels. If the answer is yes then my take is that we can learn from the past behaviors of alt coins in the 2013 Bitcoin bubbles. Litecoin is a good example; however this market behavior was by no means limited to Litecoin. I will start with both the LTC/XBT and LTC/USD charts going back to 2012. https://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltimehttps://www.cryptocoincharts.info/pair/ltc/usd/btc-e/alltimeNow compare this to XBT/USD also going back to 2011 https://www.cryptocoincharts.info/pair/btc/usd/bitstamp/alltimeThe salient points I see are: 1) Litecoin spikes with respect to Bitcoin at the same time as Bitcoin spikes with respect to USD. In effect Litecoin acts as a leveraged play on Bitcoin during the Bitcoin bubble. 2) The pre March 2013 Litecoin lows with respect to both USD and even XBT were not reached in the subsequent bear markets. Yes Litecoin fell from close to 50 USD to just over 1 USD in 2015, in a brutal bear market. This bear market, however, was not brutal enough to bail out a Litecoin "short" who sold LTC for USD in say February of 2013 with the intent of buying back into LTC after the bubble burst. 3) The Litecoin lows with respect to XBT and USD after the April 2013 and November 2013 bubbles were comparable. One possible scenario is that the April 2013 Bitcoin bubble brought a new awareness to Litcoin since it was the first bubble in Bitcoin after the creation of Litecoin. This could be relevant not just for Monero but also for those coins that were created in 2014 or later. Are the markets the same now as in 2013? Of course not; however I see the differences as possibly magnifying this effect in the case of Monero. We have Bitcoin suffering with the blocksize debate and is already driving money into the alt-coins, with Ethereum being the most clear case. There is also of course the chance of some of the pending development work in Monero being completed in the interim. With all of this in mind I find the idea of holding fiat with the idea of buying Monero at a later date, creating an effective short position, an extremely risky proposition. It could work but it could also backfire badly. Of course this must not be construed as investment advice and any long or short position in crypto currency should be considered extremly high risk and only undertaken after obtaining appropriate professional advice. Disclosure: I do currently hold XMR, CAD and smaller amounts of XBT, NMC and USD. |
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Case is clear
You buy a bunch of btc on an exchange but are not able to transfer to some safe wallet because of the 1MB limit and full blocks, despite you payed some 'reasonable' fee.
In the meantime the exchange gets goxed and it's gone.
So who is really responsible for that case and might get sued?
Sure you can start argue you know this new limitation and risk beforehand, but huuuu....
I doubt it. The 1 MB blocksize limit is part of the Bitcoin protocol. Of course one can, instead of suing anyone, buy a crypto currency that does not have a fixed blocksize hard coded into the protocol, thereby avoiding the whole issue. Edit: This sounds to me like buying a large amount of gold and then trying to ship it, only to find it is too heavy. Then suing whomever smelted the gold. |
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I dont understand that compared to last half year, last 2 weeks rare is selling Moneros. Why this sudden change. Did all who wanted BTC for halving already sold them in past half year? Or something is expecting?
The fundamentals for Monero are very different from last year. We have a significant drop in the emission and more importantly an even greater drop in the inflation rate. We also have seen some very significant improvements in Monero project. https://getmonero.org/2016/02/10/monero-missive-2015-year-in-review.html One very significant improvement, that has a direct impact on usability, in the removal of the large memory requirements for running Monero, from well over 9 GB to under 300 MB. This means support for 32bit GNU/Linux and Windows including Windows XP and support for ARMv7 devices. The answer is surprisingly simple, yet infuriating. Buy Monero, secure it in cold storage, and then help build the Monero economy and community. Don't worry about the price.
For example, if Bitcoin goes up, but so does Monero's BTC ratio, getting out of Monero temporarily to ride the Bitcoin wave up will ultimately hurt your XMR holdings.
I have to disagree here (make note anyone that thinks this thread is a circle jerk), it all depends on the amount you own. For instance my holdings were so small that I was able to cash out without effecting the price in any meaningful way. I agree that partially cashing out is stupid just as the morons that lend at such a low rate are shooting themselves in the foot. Now I am 100% certain and have absolutely no doubt that Monero is the best Virtual currency bar NONE but in order to increase my holdings I am taking from the BTC bubble and will buy back in when it pops and I expect XMR will dip down to 1 usd again and I will get back in then. ... I am with americanpegasus here. My take is that the current rise in Bitcoin is driven to a large degree by fear in the fiat markets. A significant factor in the latter is the threat of Brexit. If Bitcoin moons for what ever reason I would much rather be in an alt I believe in than in Bitcoin. I base this to large degree on the price behavior of most alt-coins during the Bitcoin bull markets of 2013. |
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I don't think it's completely correct to say that anonymity is not optional for Monero, since you could publish your view key and allow anyone to audit your txs, right?
Yes that is a valid point; however when it comes to transactions on the Monero blockchain there is by design no option to not mix. This makes Monero fundamentally different from Dash and also fundamentally different from some other Cryptonote coins. This is important because by enforcing anonymity at the protocol level certain attacks can be eliminated or at least mitigated. There was extensive discussion of this in https://lab.getmonero.org/pubs/MRL-0004.pdf. Publishing a view key is in many ways analogous to publishing a financial statement. The data is inherently anonymous but one explicitly chooses to make it public or share it with a certain group (those to whom the view key or the financial statement is provided). |
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Well that is quite impressive. Is there any other method of doing anonymous transactions currently? (Whether its a service on top of bitcoin or another cryptocoin which implements an anonymous feature)
Also, why is it a seperate action in the protocol and not a standard (all transactions anonymous).
Yes Monero, https://getmonero.org/home, uses ring signatures to mix with existing prior transactions on the blockchain. There is no need for a separate action for mixing (Coinjoin, or a mixing server), or to wait for a period of time until mixing is completed before sending mixed funds since mixing is built right into the Monero protocol. When one sends Monero mixing is built right into the send funds transaction. Edit: In Monero anonymity is not optional, since there is a minimum mixing level required for each transaction, currently 2 and scheduled to increase to 4. The only exceptions are certain dust clearing transactions and coinbase (generation of new coins) transactions. |
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The market today is different from 2013; however we could see the scenario where certain crypto currencies behave as a leveraged play on Bitcoin, if Bitcoin enters a strong bull market. It is possible that the Monero could be one of those crypto currencies. One would need as a minimum a clear break in the market capitalization from the 2013 high and even better a clear break in price over the 2013 high to call a true Bitcoin long term bull market. If this scenario materializes again holding Monero could turn to be much better than holding Bitcoin during such a Bitcoin bull market. |
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... Doesn't that mean ASICs caused decentralization in our case?  (temporarily anyway... I don't think this will last forever. The incentives are prone to cause centralization in the end, we're working on that problem as well) I am far from convinced that the kind of mining concentration in China that occurred in Bitcoin after the introduction of ASICS will repeat itself in Dash. This is because the latency introduced by the Great Firewall of China around 500 ms has a much greater impact on a coin with a 2.5 min blocktime than on a coin with a 10 min blocktime. Furthermore DASH has an effective blocksize 4x that of Bitcoin and the Chinese Bitcoin miners are fighting any significant increase in the Bitcoin blocksize because of the Great Firewall of China. The impact of ASICS on Dash have implications for many POW coins with block times in the 2 - 2.5 min range |
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When there are rapid and drastic increases in the price of bitcoin, the altcoin markets generally follow, especially low volume markets.
This is because altcoins are paired with BTC on the exchanges and priced relative to the bitcoin price. Therefore, unless market participates make adjustments in their market orders, the altcoin price moves higher along with the bitcoin price.
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Actually during the Bitcoin booms of 2013 the price of many alt-coins increased sharply in terms of Bitcoin. In effect many alt-coins became a leveraged play on Bitcoin. |
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XCP can pose a serious threat to ETH, but it will need a base coin whose blocks can scale in order to take on ETH.
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You didn't answer the question where a coin that was issued for totally free derives its value from and why anyone would ever pay money for it or why it would be fair to take money for something you received for free. Please answer that question.
Also you seem to be unable to understand that even if the coin is distributed for free it can be a scam.
Also there is no such thing as a fair central distribution.
Maybe you would want to send privatekeys in the mail to 6 billion citizens of the world for free, maybe then i'd be interested but i doubt you can raise the funds to do that.
To me you make the impression of someone who's testing the waters for their next premine-coin. Save yourself the headache. It's not gonna fly.
Yes. I got the same exact impression. |
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You do realize it's not 2012 anymore, right? CPU mining is long dead.
This is news to me. I have found blocks using a CPU in 2016. |
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With all the respect but FinCEN can kiss my ass. Cryptocurrencies don't need government bullshit of any sort but a fair system that can work to exchange services and commodities at service of people in the real world.
Which is a perfectly valid reason to avoid a pre-mine, and the government entanglements it brings. |
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For starters who ever issued the pre-mine will likely be an MSB under FinCEN regulations in the United States either as an Exchanger or Administrator. https://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html. If the proceeds of the pre-mine are sold in whole or in part to fund development of the coin then there is a very good case for at least an Exchanger status for the devs who created the pre-mine. If these devs are not registered as an MSB within the required period (I believe it is 6 months) then they are in violation of the law. If they register as an MSB then they have to do AML/KNC. So as far as I can see they are scamming the users, scamming the government or both. Edit: Ripple had to pay substantial fines because of this. The fact that Ripple acknowledged it was a pre-mine was part of the settlement. https://www.fincen.gov/news_room/nr/pdf/Ripple_Facts.pdf |
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