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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade)
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on: October 30, 2014, 09:18:18 AM
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Nothing (I'll type it again: NOTHING) is anonymous if it happens online. There are allegedly anonymous solutions like Tor or secure VPNs, but if somebody wants to find you (provided he has the resources) he will do so. A word for XMR. Do not post your addresses online, for this is the only address you have. I've seen many people doing so; dood if you don't mind revealing your address, what's the point of using XMR anyway?
This is small misunderstanding. Monero addresses are safe to post online, list in a public directory etc. They don't appear on the blockchain, and the only thing you can do with an address is send coins to it. You can't identify transactions that were sent to the address. Of course, nothing is ever quite 100%, it is possible there may be bugs or flaws. However, that is the intent of the design. If you buy your XMR on a centralized exchange, though, and the exchange keeps records of your withdrawals to that address, it could be linked back to your personal information if the exchange's records are ever disclosed. Even though somebody else knows that you own that address, they cannot see what is inside that address. You can send money from that address to another address. That would make it unlinkable.
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646
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade)
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on: October 29, 2014, 08:26:49 AM
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What's going on in the Monero network?
Network Hash Rate: 13.75 MH/sec
There is literally no way to directly measure the network hash rate. I think the pool display uses an estimate based on difficulty but I'm not sure. The difficulty is calculated based on an estimate over the past 12 hours. The hash rate for each pool is based on 10 minutes. So when the hash rate fluctuates or moves between pools you can get some very inconsistent estimates. Whatever the measure, it is too high for a pool to have more than 50% of total hash rate. I am comfortable for any pool to have less than 25%.
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648
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade)
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on: October 24, 2014, 04:22:48 PM
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I just put non-pruned version of boolberry blockchain: http://boolberry.com/downloads.html#blockchain_proof, special for you, because you like to confuse people with speculations about this stuff. [/color] That is unlike Bitcoin or Monero where you as a new user, on your own, can literally check every single transaction back to the genesis block and don't need to trust anyone to tell you they all followed the rules. Not true, again. You can do it for BBR as well, using this full version of blockchain you can mathematically prove that all transactions followed network rules.
The worse that we already discussed it with smooth and he knows that he is wrong here.
Zoidberg
ps: i wondering, when you guys finally stop confuse people about my project ?!
How do you keep the full blockchain? Which software (switch) do you use?
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649
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Economy / Economics / Re: Does Bitcoin’s Price Really Matter Right Now?
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on: October 24, 2014, 08:00:08 AM
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But isn't it just a little bit concerning that 70% of BTC have never been in circulation?
That 70% is a potential kill switch.
In my limited opinion
If the price is high enough, these coins will come into circulation.
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652
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade)
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on: October 24, 2014, 07:42:34 AM
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The hashrate and the price are low so it is a good time to mine if you have the hardware or to buy if you have some BTC.
The price is low, but the hash rate is similar to the past. So who is mining with profit? I think Monero mining is similar to Bitcoin mining. There are believers that mine whatever it cost. Those believers expect the price to be so much higher tomorrow that it doesn't matter the today profitability. They don't mine other shitcoins because they are shitcoins. If they are the believers, they can get more XMR by buying instead of mining it. Maybe they just want to secure the network, or the miners' mining cost is very low, such as $0.05/kWh electricity price.
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655
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Economy / Economics / Re: How Bitcoin can solve financial problems in Africa
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on: October 23, 2014, 09:38:13 AM
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Bitcoin can solve "financial problems" everywhere, as it's vastly superior to fiat money.
How so? BTC is not inflationary. You can predict the monetary supply easily. But inflation dont make financial problems. Inflation is helpfull for economy. Deflation is dangerous it can push economy in deflation spiral. This is what makes me most worry of Bitcoin, lack of inflation. When some currency have inflation, holders are encouraged to spend it. or somehow invest to implement (start business yourself, lend to someone that makes business, buy shares, place in bank) When currency have deflation you hold yourself to spend it you rather save. Why buy car today if you will be able to get car and a bike if you will wait till January for same money. So is economy uses deflationed currency, start suffering from it. People less spend, companies less sell, companies less employ, workers get less salaries, workers spend even less, companies sell even less, companies employ even less, ... Deflation spiral starts. If we make the increase of BTC supply of 0.01% a year, would that alleviate your worry?
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656
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Economy / Economics / Re: Does Bitcoin’s Price Really Matter Right Now?
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on: October 23, 2014, 09:14:31 AM
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Yes , we need Bitcoin price range between $600 - $700 . If bitcoin always in good price ,im sure lot of people in the world began to see this as a good investment. More people use and invest in Bitcoin , price will always high.
The stability of the price is most important. Single digit inflation of the price is ideal. Stability means no change in value. You have been brain-washed by the people running the Federal Reserve who claim that stability means 2% inflation. BTW, I think you got your term backwards and you meant "deflation" instead of "inflation". Bitcoin is ultimately deflationary at the point when coins are lost faster than they are mined. Still, single-digit deflation is not stable and is really no better than single-digit inflation. I meant when the price of BTC is compared to fiat, the 2% (single digit) inflation per year is reasonable. The volatility should also be low so that merchants will not have to change BTC into fiat the moment they receive it. They can even use it to pay the goods they sell. That will help the expansion of BTC usage, increasing the value of BTC ultimately.
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660
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Economy / Economics / Re: Does Bitcoin’s Price Really Matter Right Now?
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on: October 21, 2014, 08:34:58 AM
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Yes , we need Bitcoin price range between $600 - $700 . If bitcoin always in good price ,im sure lot of people in the world began to see this as a good investment. More people use and invest in Bitcoin , price will always high.
The stability of the price is most important. Single digit inflation of the price is ideal.
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