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1321  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 30, 2014, 01:08:15 PM
xmr added to cryptsy voting list. i guess that means whatever issues they had with monero have been solved.

rally imminent?

vote here: https://www.cryptsy.com/coinvotes

Yes! Thats why I like cryptsy, they actually hear its users feedback:
Quote
Hello Nekomata,

Thank you for introducing us to this coin!

I have submitted your coin to our development team who will review it
to see if it meets our requirements for addition to the Cryptsy exchange.

If there is anything else we can assist you with, please let us know.

Sincerely,
Leah
Cryptsy Team Leader

less than 24 hours Cheesy

I also asked BitJohn about it. Altough he didn't respond, maybe he notified the others about it!

Markets Added:   AERO/BTC, CKC/BTC, OPAL/BTC all markets now live.

What about adding some of the CryptoNote coins? What's your stance on that?


EDIT: Voting list here: https://www.cryptsy.com/coinvotes/

Cryptsy has it pretty far down the list at the moment, but I gave it a vote.
It doesn't yet allow for paid votes. 
(5 BTC worth of votes would put anything at #1)
1322  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Creation of the Monero Economy Group on: September 30, 2014, 12:49:55 PM
Shouldnt the devs decide the priorities? I mean they are the once who must donate their time to implement features.
The core team retains complete control with how to develop the coin, Monero (XMR). The role of MEW is to give them valuable information on the community's wishes, but we cannot force even our own members to do anything, much less the devs who - as a collective - are not even members. In a similar way we may issue suggestions to whomever, but they are not bound to follow the suggestions, and we will employ great care to not meddle in others' affairs, and also expect nobody to tell us how we should make use of our XMR privacy coin.

The MEW in its role as the business-facing aspect of Monero may provide advice and input to development as to what our analysis shows us would be helpful for the advancement of our common interests.

Let us take some ideas from our body here as to what features and functions would help take us forward so that we can be most useful to our developers.  Please feel welcome to add your own development priority ideas for consideration and discussion.  When we have the 10% voting quorum seeking a vote, according to our charter, we can then bring them to a vote on ranking, and them make a suggestion known to the development team.

I propose that these suggestions follow the format here of [preferred rank] [feature] [benefit]
By way of example, here are four: WIF, OTK, AUTH, GRACE in order of the rank I prefer:

1. WIF (wallet import format) for private keys and seed defined and implemented (import/export RPC and CLI methods)
2. OTK Address and transaction signing (one time key). - This feature allows proof of ownership of an address, or a transaction.  This should include format definition and the methods implemented.
3. AUTH Develop and implement HTTP/HTTPS/RPC simple authentication between components. - This allows merchants to run the daemon on a separate server and communicate securely.  (not every waiter in the restaurant has to have a full block chain on their bill pay device)
4. GRACE Upgrade error handling in the daemon to either use a "graceful shutdown" - Better stability of bitmonerod by determining if it is necessary to shut down (absolute worst case), or retry indefinitely. the daemon should only die under the most dire of circumstances, and provide alarmable output for manual intervention and remediation.

My ranking is based on my personal assessment of what would be beneficial to more widespread adoption, and to the development of an economic ecosystem.  These are incremental, small improvements and not giant milestones (like GUI wallet or DB).  You may have other ideas?  Or comments on these?
1323  Alternate cryptocurrencies / Altcoin Discussion / Re: bbr and monero should join forces and combine coins on: September 30, 2014, 11:40:45 AM
It would be likely be a win for both. 
How could it happen?
1324  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Monero taking over the alternate section? #3 Crypto in weeks? on: September 30, 2014, 06:55:12 AM
Monero.
What a dumb name. It sounds like an underpowered sedan driven by senior citizens.

"Monero" sounds like a flashy customized Ferrari one-off built for an extremely wealthy customer like Jack Ma or Larry Ellison.

"NXT" sounds like the name of some crappy budget deathtrap of a car originally built by Tata, copied by Chery, and driven by aspirational third world citizens.

I thought NXT sounded like a computer system built by Steve Jobs that was almost commercially successful.
1325  Economy / Scam Accusations / Re: Butterflylabs Huge SCAM on: September 30, 2014, 06:48:11 AM
The thing about the block chain being public?
If there is evidence against them, it will be visible.
If not, they will deservedly go free. 
It oughtn't be guesswork either way.
1326  Alternate cryptocurrencies / Altcoin Discussion / Re: [Bitshares] bitUSD discussion on: September 30, 2014, 06:34:24 AM

In the event that a bubble does occur, people can diversify into bitFIAT to reduce the amplitude of the bubble and reduce your exposure, and that is unlike any other cryptocurrency where you would need to actually sell them to reduce exposure which creates downward pressure on the market.

Can you describe the difference you see between "diversify into" and "actually sell".
1327  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitshares - The Great Satan on the Blockchain on: September 30, 2014, 06:23:01 AM

Statements such as:

...

do not inspire confidence, I have to say. They rather tell me that people endorsing this system do have intentions I am not willing to share.

They do not want to change the status quo but rather repeat history and pull out money from people.


As usual I am concerned, so the best way out I know is asking. Smiley

"they" here is a random pumping zealot, not a member of the team

This zealot gave really the first explanation of it I've seen, that quickly made sense.
A market driven distributed exchange pipeline of crypto to fiat and back.  Not bad.
1328  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Keep my Dogecoins Safe Till 2016/18 or even 2020 on: September 30, 2014, 06:12:38 AM
So Paper wallet is useless, if site "dogechain.info" will not be there in 2020.. but If I am not wrong, I interpret your (all replies) messages as I can keep my doges secure if properly preserved.

No, the paper wallet is useless only if either DOGE or paper become useless.
It doesn't require any particular website, the keys can be put in any wallet that supports key imports, and it would be a bit silly to have a wallet that doesn't.
1329  Other / Archival / Re: delete on: September 30, 2014, 05:52:53 AM
How typical of you pro-moderation types to omit dissent, rather than respond to it on-point.   Wink

Dissent is elemental.  Without it there is stagnation.
This was my view on the no-lose scenario for BCX.
We all win, if and when technology advances.
I love it when someone disagrees with me.  It means there is a chance I'm wrong and can learn something.

The only "side" that had a chance of losing this game was the Monero side, and this would be only if all of
1) they did nothing, and
2) there was a fatal flaw
3) it were executed effectively

TW attacks are expensive.  Now even more so if they take >50% hash power to execute, and what's more, if they also require DDOS.
But
XMR now even in this most expensive situation, can still recover.  So long as there exists some channel to get the word out on the good chain, clients can be updated in the field, with no recompile, and minimal non-mining time.  The target was significantly hardened, and the benefit of attack significantly reduced.

BCX may still wish to test this, but there is just not much incentive to do so and might as well just mine + sell instead.  With Monero's high privacy, BCX may be doing just that and we wouldn't be able to know.
1330  Alternate cryptocurrencies / Altcoin Discussion / Re: rpietila Altcoin Observer on: September 30, 2014, 04:04:20 AM
Sorry, but this makes no sense. 5% of today's hashrate could 51% attack the coin.

Seriously, all these discussions lately about changing fundamental stuff just because people are not happy with the price are tiring.
Changing the fundamentals of a coin because you want an immediate increase in price is wrong. Given the stability of XMR despite the fact that it is everything but user friendly for the average Joe, and all the attacks, I'd say the fundamentals in terms of emissions are about perfect.

 

AMEN

You know what would be an interesting experiment. Actually trying it. Because my theory is that a change like this would make the price go down, exactly the opposite of what people usually proposing such changes intend.

No, I'm not seriously suggesting this for XMR, but I would love to see the experiment happen.

No you don't want to try it, I have seen this experiment happen before, it was after Dogecoin decided not to fix the emission limit, I remember some whales talked to the devs to reconsider at no avail, the result you see today, a dying coin with no hopes, with a community getting its fix of small good news and micro pumps once in a while. A coin need whale and investors.

I personally think inflation is an extremely important thing, that's not yet taken seriously. A defaltionary currency encourages holding (fixed supply, naturally increasing demand=rising price) and not spending, thus the holders hold on to it, until they spent it, which drives the cycle down and the currency will loose more and more rapidly value until it starts again to rise and the cycle of death continues, which no economy can sustain. Just look over at Japan and you can clearly see how much it has failed. While inflation may discourage holders and investors in the early days and drive down the price short teram, it is extremely important "to redistribute the wealth from the holders to the spenders" (Anonymint somewhere in this thread) to allow an exononmy to work properly. The only reason this is working out currently with Bitcoin is that it will take years until it is deflationary and so far it's inflation has worked out to great effect(?)

If bitcoin goes down in price more days than it goes up, but when it goes up it goes up more... then most days people ought to want to spend it, and only not spend it during those times the price is rapidly soaring? 
1331  Other / Politics & Society / Re: The Illuminati discussion thread Do they exist? on: September 30, 2014, 03:43:29 AM
Are they in control of the world?  Like a lot of conspiracy theorists say they do.  Do they even exist?  Is the evidence for their existence based upon mounds and mounds of fallacies and misinterpretations?

http://en.wikipedia.org/wiki/Illuminati

The "illuminati card game" created in 1995. Some of those cards:








Wow, I have the first edition of that Illuminati game from Steve Jackson.  Ultimately it led to their company being raided by the Feds, because the Feds were sure that IT WAS NOT A GAME.  The raid almost killed their company.  It was a famous case at the time, involving Phrack Magazine and the E911 document.

EFF got on the case and sued the US government with Steve Jackson.  They won this case and it set some important precedents.
Much of which have later been undone, but it is a good case to keep in your knowledgebase anyway.

https://w2.eff.org/legal/cases/SJG/?f=background.sjg.html


BTW, if you really want to join the Illuminati...
1332  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 30, 2014, 02:43:58 AM
Most contracts are closed out without delivery because both sides agree, unless the guy wants physical.. then the exchange has "extra" paper work to do to sort you out.

This is true and it is hard to imagine how any trading market could be different. Not allowed to close out a position?

The important point is though, if you feel physical is worth more than the offered price for whatever reason, you have the option to take it.



I dont think you can like i said unless you tell the exchange before.. They want to know your intentions beforehand although by law you can always request delivery

The option being there ensures that prices are kept in line (by professionals if nothing else).

Since it is 100 ounces and roughly 120K USD per contract, a little paperwork is not out of line. The exchange mostly wants to know is that you can actually pay for and physically take delivery, to avoid broken settlements.

Legal Tender law allows the settlement of any debt in fiat.  Most of the ETF filings also make that explicit.  Make no mistake, they never have to give you gold.

Quote from: Language from GLD powershares ETF annual report
In the normal course of its business, the Fund is party to financial instruments with off-balance sheet risk. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the balance sheet, may result in a future obligation or loss. The financial instruments used by the Fund are commodity futures, whose values are based upon an underlying asset and generally represent future commitments which have a reasonable possibility to be settled in cash or through physical delivery. The financial instruments are traded on an exchange and are standardized contracts.

They can opt deliver cash instead, at their choice.

Another example:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/7_Jim_Rickards_-_Swiss_Bank_Client_Denied_His_$40_Million_in_Gold.html
1333  Alternate cryptocurrencies / Altcoin Discussion / Re: [XMR] Moderated Monero General Discussion Thread on: September 30, 2014, 02:41:23 AM
I checked your link and it has links to the ANN thread, this thread, a post on reddit with a positive view on the latest "attack", and the Lifeboat Foundation taking Monero for donations. 

There was also a link in reference to Moneero which is one of the names of a person involved with a company in Uruguay.

Maybe I didn't look deeply enough but it doesn't seem like an anti XMR troll campaign to me.


Disclaimer:  I don't use Twitter or any other "social media"
I don't use Twitter either. I saw a lot of links to FUD XMR threads. I checked the link again and it's completely different now.

Maybe the person with the qooglealert either edited the feed or improved the query?
Accurate criticisms are great, but there is also no shortage of inaccurate criticisms.
1334  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency (mandatory upgrade) on: September 30, 2014, 02:37:40 AM
If it can be hacked, cheated, or manipulated it must be done fixed. Don't know what, if anything BCX was trying to point out. But this is the burden that comes along with new frontiers. If ya can't hold, best get off the ride now.  Grin

Will somebody clarify the mining exploit found. What % what miners disadvantaged and what pools were involved?
FTFY
1335  Alternate cryptocurrencies / Altcoin Discussion / Re: BCX has killed numerous coins before, get your stuff out of Monero... NOW! on: September 30, 2014, 12:20:42 AM
http://itsalmo.st/#timetokillxmr

Count down until BCX kills Monero  Shocked

Setting my watch.
and calender?
Sept. 24, 2037?
1336  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 30, 2014, 12:00:38 AM

hmmm yeah I still not selling : D

I'm not selling either. But I know I'll gonna go d'oh like my boy Homer in a few days.

Once the BCX "I'm gonna warp you, but all I have is a DDoS for now" fud machine fades into memory, these will have seemed like some pretty nice prices.  Buying dips myself.
When people are afraid, get greedy.
1337  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 29, 2014, 10:35:48 PM
COIN will work just like GLD but using bitcoins as the underlying.  If you own COIN shares all it means is that the Winklevoss ETF is holding your BTC for you in trust.  If it's cheaper to purchase bitcoins from Bitstamp than the equivalent amount of shares from COIN, then one of the "authorized participants" will simultaneously purchase a "basket" of bitcoins from Bitstamp and short a "basket" of COIN shares on the NASDAQ (giving them a positive cash balance).  They will then deliver those bitcoins to the trust (COIN) in exchange for a basket's worth of newly created shares.  They will then use these shares to close their short position with a guaranteed profit.  

This is the arbitrage mechanism that ensures the NAV of the ETF tracks the underlying.

Peter, is this similar to the way SecondMarket will handle things?

Sorry, but I don't know how SecondMarket handles things.
It is different.  SecondMarket has a freer structure.

SecondMarket buys BTC OTC heavily discounted.  They trade on their reputation to get better rates than most exchanges, only in worst case to they buy through exchanges.

I suspect secondMarket will work to be an AP as well.
1338  Other / Archival / Re: delete on: September 29, 2014, 10:31:59 PM
BTW as an aside note. Geniuses are generally assumed by the masses to be crazy.

Yeah, but so are crazies...

And in both cases it takes one to know one! Cheesy

And they aren't even mutually exclusive!

FWIW Crazy determinations in US are vote based.
Doctor, LEO, Family Member.  2 of 3 and you go away for a while.

As for genius, not even all genius is recognized by all other genius.
1339  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 29, 2014, 10:07:37 PM
How the hell would you arb COIN with bitcoin? Does it accept bitcoin for shares? If it doesn't then it cant be a leading indicator unless bitcoins are directly convertible to COINS. If COIN shares are used to buy bitcoins then it may be leading indicator as far as seeing volume come into the market, but getting back out would mean selling shares thru COINS and nothing to do with bitcoin, COIN back to fiat... and winklesvoss have to sell the bitcoins they bought at a loss or a premium depending price at the end of the trading day.

Unless you are buying a "basket" of COIN for BTC as an AP you buy through your brokerage, so whether you can buy with BTC for us mere mortals will depend on whether your broker accepts them.  I'm not aware of any that do today.

I suspect that the CFTC will treat bitcoin purchases like they treat gold purchases wrt ETF.
So selling COIN for USD and buying bitcoin for USD may be subject to wash sale rules.

CFTC hasn't made any official statement, but one of the anticipated regulatory effects of COIN is that large BTC purchases may become reportable to the CFTC for compliance.

As to whether GLD/SLV are working, there are differences of opinion on that as well.
1340  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: September 29, 2014, 10:00:58 PM
Deleveraging, What Deleveraging? The 16th Geneva Report on the World Economy

http://www.voxeu.org/article/geneva-report-global-deleveraging

There is some dark humor opportunity here.
The US is called a success for its massive QE and rewarded with a strengthening dollar leading up to the UCB decision process of whether and how to delever or leverage up with massive QE of its own.

To me it looks like a head fake.  The US has them bamboozled.  
It is a way of extending others to their breaking point before the US breaks.  Some savvy global economic politics at play.  Yum yum intoxicating QE candywine for everyone.  Who will drink who under the table remains to be seen.
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