Truncated excerpts from the blog: "...if you want masses of normal people to adopt your technology...really matter to the average Joe...direct it towards the production of simple apps that solve a real problem and just work".I'm an average Joe and what would be useful to me at this point in time is an Android Monero wallet app capable of connecting to a personal/private/secure remote node (or any remote node for that matter) so I can transact on the go. This would be a good start for XMR to attain mainstream adoption. Of course, a standalone node running on an Android device would be preferable but I couldn't even get the existing PoC Android Monero node to work. I've successfully run the command line wallet on more than one android phone using this: http://monero.stackexchange.com/questions/2702/is-it-possible-to-run-a-full-monerod-node-on-androidand the phones don't have to be rooted. You could theoretically sync the blockchain but I couldn't get that to work, so I used a remote node. About the only thing I would add to the instructions on stackexchange would be: after you install GNURoot, create a monero directory, go to the directory, and then run those commands. Keeps things neat, you don't want monero files scattered hither and yon. Of course, the above is too much for the truly average joe. Somebody needs to develop an app to do it automatically, and wrap it in a gui or use the existing gui wallet. Don't say wrap, it's a four letter word here.  |
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Do any of you (who believe mainly in xmr and maybe btc) recommend having a few eth as hedge?
I have a little ETH and ETC as a hedge. I think smart contracts have so far turned out to be nothing more than bullshit hype for the purpose of pumping a token, but may, eventually, turn out to be more than that. I also have some worse crap than ETH as hedges too, so don't view this as an endorsement, more of an admission that my current views on crypto merits may turn out somehow to be wrong and I don't need to figure out exactly how for the hedge to work. Also even if my skepticism turns out to be correct ultimately the market may get it 'wrong' for a long time. The thing I really don't understand is the logic behind having coins that carry monetary value for things such as ETH and ETC, even SIA or any other "smart contract" or "app coins". IRL if you want someone like a lawyer to help you draft out a contract, or maybe help you submit a patent on a new invention you made, you would influence the lawyer to do that for you by paying them in cash/fiat. Imagine having to go out somewhere to buy some random "lawyer tokens" to be able to talk to a lawyer... that would be insane, wouldn't it? I understand people who mine ETH, or whatever smart contract coin out there, need to have some reason to do it... but I just believe there just has to be some better way to go about doing this. This whole thing just seems backwards to me... Because markets do not follow logic and better tech loses all the time, it's called speculation for a reason.  |
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I don't see how Monero could be used with a light client like Jaxx without you registering your viewkey on a node that has the full blockchain - which (unless you own the node) puts your transactions at risk of becoming visible.
Solution. Even then JAXX isn't open sourced is it? That alone makes it a pariah in my mind. From a quick google apparently some of it is open but if you can't compile it yourself then you can't trust it so add that to using a unknown node and you might as well use a web wallet and drop your pants and cough. |
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By moving from BCT to your own platform, aren't you afraid of losing "trust"? By this, I mean here in BCT there are all kind of people. People who support Monero, people who are against Monero and people who do not even what they are writing about lol. But the point is, different groups of people could share their opinions here and have a clash of arguments. In your own platform, obviously, Monero supporters have louder voice. I am not against having multiple platforms of communication including your own forum...etc. but moving away from BCT, which is considered one of the central places of crypto communication, I am interested how you are not afraid of losing attention to your currency and an elaboration of what you mean when writing people who have to know about Monero know about it already.
AFAIK - the threads here aren't moving anywhere. Monero has many other online resources and knowledge centres (Github, Stack Exchange etc) but there is no move 'away' from the forums here on BCT, just additional areas for more specialised information. It looks like most have moved to reddit and the only thing I see there is that they can moderate, I've seen no other logical argument to move. The few Dedicated XMR forums have looked like abject failures to me that only have long time members with few new members on them. I guess a good argument for reddit is that it has a larger exposure than BCT but to me that should be a sub for n00b q&A but the core discussions should be from here where it all started. It seems IRC has been used for alot of these discussions which is bullshit if they don't archive the logs as It's not easily searched like this is and when I had questions I was told it was discussed and decided on IRC but when I asked for the logs I was told no-one has them and various other excuses were used so that I never got the info I was getting at and funnily enough not long after the "Lab" announced a bug right in the area I was trying to Vet. |
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By moving from BCT to your own platform, aren't you afraid of losing "trust"? By this, I mean here in BCT there are all kind of people. People who support Monero, people who are against Monero and people who do not even what they are writing about lol. But the point is, different groups of people could share their opinions here and have a clash of arguments. In your own platform, obviously, Monero supporters have louder voice. I am not against having multiple platforms of communication including your own forum...etc. but moving away from BCT, which is considered one of the central places of crypto communication, I am interested how you are not afraid of losing attention to your currency and an elaboration of what you mean when writing people who have to know about Monero know about it already.
Some people like living in an echo chamber and some just can't deal with the trolling but you have to take the good with the bad. |
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So is it a good time to buy or should we wait 3-5 years at most? I'm going to invest for long term but I don't see what is the fair entry point. Is it still overvalued? Trend is declining for the last month. Is it possible to see below 0.01 again?
I believe this coin will be successful in long term but I haven't bought yet, I'm just trying to figure out a cheap entry point. Maybe I should regularly buy small amounts every 2 weeks/month.
This is what I have been doing, you care less about the swings this way I think. |
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Got as far as this lie and stopped reading.
Reading this article found some info that I liked. Monero its too cool to integrate it in some wallet  , so I think that better to launch own node and connect this node with MyMonero. In that way I don't trust to Jaxx or MyMonero servers, also will can use via smartphone. True, you should never trust lite wallets nor centralized exchanges or any web wallet. |
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Edited..
... About Jaxx is perfect they finally come out with a reason. At least they did not looked totally incompetent. It is all CT-Ring fault.
Actually, to me they seem even more incompetent for this very reason. He repeatedly said they built for months on the old codebase, and didn't even look to see what was coming out. And everything worked until the Monero team deployed the new code... Who does that? They and everybody who knew anything about Monero knew there were going to be significant changes at the protocol level so, why in the world wouldn't you make sure you were always coding against the latest version? That's just extremely poor project management on their part. When you are used to copy-pasta-ing code, you don't have much foresight. It seems they wanted a free lunch. The market doesn't work that way (at least for the most part). With respect, they were not the only ones to get blindsided by the magnitude of the effect the RingCT changes would have to a non-custodial wallet service. Seems to me there are a lot of XMR holders here that are pissed that THEY did not get a free lunch. I will glad when all of this is in the rearview mirror and we have a nice, fully funtional web and phone wallet, and less ad hominems. That is correct, it took MyMonero down, BTW is it up yet? |
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^^^ Yup, looks like a Big Ol Pump and Dump to me.
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Here's my Answer to your cross-post link. Got as far as this lie and stopped reading. There was just a ton of responses to have a Monero wallet just because there hasn’t been one. There hasn’t been a graphical user interface wallet, except for MyMonero. There's been like FIVE ! |
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Got as far as this lie and stopped reading. There was just a ton of responses to have a Monero wallet just because there hasn’t been one. There hasn’t been a graphical user interface wallet, except for MyMonero. There's been like FIVE ! Hello, can anyone tell me or point to me to some page with the info for
how many coins will ever be created
and how many currently are created each day ?
thx
Rptiela made a chart, I wonder how close it is these days? |
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JPG
Thats friggin hilarious! |
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Why XMR was frozen at poloniex??
You need to refresh the page. |
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Makes sense to me. The most effective way for time travelers to interact with us is through the internet.
That way only electrical signals need to be sent, and not matter.
Sound like lunacy? Such a device would only be able to send back signals for as long as it has been on. This was one of the genius breakthroughs of Tesla's work - discovering the link between electricity and time.
At some point between 1997 and 2006 the device was switched on. And immediately signals began eminating from it. Eventually, in the late 2000s we gave the 'thing' direct internet access and it began to directly interact on forums and other websites.
We call it a thing because we don't know how many voices are on the other side or even if they are human. They don't usually respond to our questions directly.
But we can only assume they have been making some subtle changes to the timeline for years now.
Say what? WTG rangedriver, it's gonna be fun to see how everyone did when smoothie posts the final results. Also it looks like my buys are in your predicted dips! Luckily the movments are not as volatile as your freehand. What results? Hah |
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WTG rangedriver, it's gonna be fun to see how everyone did when smoothie posts the final results. Also it looks like my buys are in your predicted dips! Luckily the movments are not as volatile as your freehand. |
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"Monero transactions are about 50x larger than their equivalent Bitcoin transactions"
That is wrong twice.
First of all, let's start with objective facts. Current BTC typical transactions are about 500 bytes (looking at block explorer we see most 1 MB blocks have about 2000 tx). XMR RingCT transactions are about 13K, which makes them 26x larger, not 50x larger.
Second they are not "equivalent" since XMR transactions provide privacy and fungibility and BTC transactions don't. To get that with BTC you would have to run through mixers or multiple coinjoins or something, which would bloat the effective tx size by creating more transactions to do the same thing (or actually still less, since amounts aren't hidden, and fungibility is questionable since it is usually obvious when coins are run through a mixer)
Thx for pointing that out smooth, I assumed he was painting a worse case scenario where XMR is handling the same traffic as BTC currently, which is still within acceptable limits in my mind. |
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ahh who cares. Monero's got big transactions and will have big blocks. Its known. If thats *the* reason that bitcoiners don't like the tech.... then things are looking good. Yeah, Theymos explains what he considers scaling problems with monero here and I for one don't see an issue. I've bolded the relevant parts. [–]theymos [score hidden] 7 hours ago*
Monero transactions are about 50x larger than their equivalent Bitcoin transactions. So to reach Bitcoin's current volume of transactions, Monero full nodes would need a continuous bandwidth of at least about (1MB * 50)/(10*60 seconds/block) = 83 kB/s. Probably much more than this would be required for an average node -- this is the theoretical minimum. It's not an impossible bandwidth even for many home users, but that much bandwidth is still a very high cost for full nodes. Monero transactions also require more computation to verify, but I don't know exactly how much compared to Bitcoin transactions; this might actually be more of a bottleneck than the bandwidth.
Additionally, Monero archival nodes dealing with Bitcoin-level tx volume would need to store about (1MB * 50 * 6 blocks/hour * 24 hours/day * 365 days/year) = 2.6TB per year. In Bitcoin, all but a few GB of this could be discarded due to pruning by non-archival nodes, but while Bitcoin full nodes can prune everything except UTXOs, Monero full nodes must store even spent TXOs forever. Monero can prune witness data and maybe some other stuff, but this only gets you a constant-factor reduction in storage. So storage-wise, Bitcoin scales more-or-less O(1), while Monero scales O(n), where n is the number of transactions.
AFA the bitcoin reddit censoring HYC, I find that a HUGE issue! I bet your all really happy you went over to reddit. |
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I don't get why all the little fags believe what he says.
Sounds a bit ungrateful, he is the reason a lot of the "little fags" are here in the first place. That's why they listen. How is your record on good advice? reputations are earned. Show me one time I've given incorrect advice please. Why the fuck should I be grateful to him? All I've seen is him invest and try to make his holdings increase. He's talked his book the entire time I've watched him post. Shit even Crypto Kingdom is the exact opposite of what this scene is about. Freedom from rulers is the goal of crypto yet that game is designed to make him ruler. IMO he is nothing more that Ero trash that believes he is better than everyone else because he bought BTC when it was low. Tell me what you see his claims to fame are? |
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I think monero is going to 0,01 or below because of btc's rising and the problem of jaxx integration. Xmr team shouldn't have let it.
BTC rising always pulled Monero with it. so I dont believe this time will be any different. Jaxx only proved their incompetence. Saying we will do it in few weeks and few months latter saying we have it done we just need to wrap it for you. And few weeks latter say that they will postpone it for infinity time show how not serious company are they and I would not advice anyone to use their applications and trust them your money. They or lie or have no ideas what they are doing. I completely agree, their incompetence would have hurt in the long run anyway. I think the only ones who care are those that are just looking for a quick buck anyway. All is calm, waiting to see what bitcoin is going to do... To me it looks like it's going to explode. Soon. I bet that will give us another XMR spike down. And then?
Bought what I could @ 0.01221500. No more BTC left. I also topped up at .0122  Still somewhat apprehensive, knowing the BTC spike up usually pulls the rug out from XMR briefly. I think we should be fine unless Rptiela comes in and fuds again and then we'll see a drop. I don't get why all the little fags believe what he says. It's like a BCX reverse soft troll effect. He just talks his book and get what he wants. |
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