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1421
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 17, 2016, 02:20:03 PM
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If the only source for the rally is the closing of short positions it is pretty bearish IMO.
Do not get me wrong, I am not selling but there need to be fundamental reasons for the pump, like someone taking large position (in a friendly way, unfriendly way is the intention to dump later and kill the growth).
Bottoms are usually found by shorts closing. |
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1422
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: April 17, 2016, 02:19:16 PM
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I am running 0.9.4 and every couple of days I get the following error message(s). Yellow letters with an red background. Once they start they come in quick succession and are continual. When it happens I just exit and restart.
ERROR {2} {p1} 2016-04-17 09:48:01.722513 [abstract_tcp_server2.inl+512 ::do_se
nd_chunk] send que size is more than ABSTRACT_SERVER_SEND_QUE_MAX_COUNT(1000), s
hutting down connection
ERROR {3} {p1} 2016-04-17 09:48:44.708568 [abstract_tcp_server2.inl+512 ::do_se
nd_chunk] send que size is more than ABSTRACT_SERVER_SEND_QUE_MAX_COUNT(1000), s
hutting down connection
ERROR {4} {p1} 2016-04-17 09:49:47.477380 [abstract_tcp_server2.inl+512 ::do_se
nd_chunk] send que size is more than ABSTRACT_SERVER_SEND_QUE_MAX_COUNT(1000), s
hutting down connection
ERROR {3} {p1} 2016-04-17 09:49:53.399647 [abstract_tcp_server2.inl+512 ::do_se
nd_chunk] send que size is more than ABSTRACT_SERVER_SEND_QUE_MAX_COUNT(1000), s
hutting down connection
You can ignore these for now. Forwarded it to moneromooo. |
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1424
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 16, 2016, 01:51:54 PM
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you can read my observations here. Interesting post. The salient quote is of course: Why litecoin? Liquidity. These guys own 5 and 6 digits amount of BTC. They need massive liquidity to increase their holdings by any significant degree. And as such litecoin has been a blessing. Will history repeat itself?
I've had that in my mind for a loooong time. Liquidity is absolutely necessary for the design, marketing, and distribution of crypto-currency, if you want to succeed. Yes, you need a few big market makers to take positions on the coin and provide liquidity like they did for Eth. Compared to the other coins in the top 15 (excluding ETH, LTC, BTC for a moment) XMR has got the best liquidity as far as I can see. |
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1425
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 16, 2016, 11:39:40 AM
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How XMR and alts in general will behave is kind of ambiguous in my opinion. When BTC went from 220 to 320 last summer XMR remained pretty stable around 200k. It depends on a few factors, namely: [1] The speed of the BTC surge. If BTC rises slowly it will likely not influence alts that much. [2] Whether we like it or not, what ETH's price will do. [3] Development moving forward and new people coming in. Regarding [3], in my opinion one of the reasons we went back to 100k, next to the Bitcoin rally, was the perceived "delay" of the 0.9.0 release. Furthermore, development seems a lot more active now and I sincerely hope we can move forward in this pace even though the price took a bit of a hit. Also, if you compare reddit subscribers to the 2015 rally and the 2016 rally, you will see that there is a huge difference: http://redditmetrics.com/r/MoneroLast year it went up a mere 80 subscribers, whereas this year it went up well over 600 subscribers.
FWIW: Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.php Around 8:00 (AM) UTC, you can see it on the 1 minute chart. |
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1426
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Alternate cryptocurrencies / Altcoin Discussion / Re: Monero Support
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on: April 15, 2016, 08:41:45 PM
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Presumably monero will run properly on the new machine. It's a chromebook c720p running galliumos, which is a linux distro designed specifically for chromebooks.
The chromebook is downloading the blockchain now. But the old machine has the blockchain already on it. Maybe if somebody can link to a post with instructions for exporting the blockchain, I'll do that.
its actually probably faster to just download the blockchain again than doing an export then import. Agree, if you really want to import though, see intructions here: https://github.com/monero-project/bitmonero/releases/tag/v0.9.0Under "Updating: Blockchain Conversion". |
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1427
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 15, 2016, 07:20:02 PM
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Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
Depends on how "fast" this rally is. I've noticed that when BTC goes up slowly it doesn't really influence alts. However, if it really breaks out and surges fast, alts will likely lose some BTC value. EDIT: It will most likely also depend a bit on how ETH reacts. |
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1428
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 15, 2016, 07:16:14 PM
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@noobtrader & @spatula: I genuinely somehow missed iCEBREAKER's post, so my apologies for that. Edited my earlier comment.
@noobtrader: Any rational "investor" would at least read the OP/ANN of the coin he is investing in. Thus, taking that into account, almost everyone knows about it. It's also included in the description of Monero on wikipedia.
EDIT: I also forgot to include in my previous post that AEON is mainly used as a testbed for experimental features that could benefit Monero in the future too. An example would be pruning, which AEON is currently experimenting with.
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1429
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 15, 2016, 05:55:48 PM
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Another 20k taken out to short and subsequently dumped on the market: http://monerodice.pd.to/polo.phpI wouldn't be suprised if the number of open shorts totals a 6 figure amount in XMR terms. Doesn't seem rational to short a coin that's already down ~30% for the week. Why not wait until it's up? Perhaps this is irrational rage-shorting by some angry Dash FailWhales. They've been in a giant anti-Monero tizzy since Tone Vays pronounced Dash's instamine to be fraudulent, not "accidental." Please keep dumping guys. I need XMR under 0.001 to buy MOAR without raising my avg cost.  guys guys... you were venting anger on Dash as your coin is losing value... hummm how come it losing value anyway.. 1. no GUI.... means less ppl willing to try it because its too difficult to them 2. infinite max coin with perpetual emission forever 3. moar and moar clone coin with with same dev, further diluting your coin value... i mean, if i can buy aeon for cheaper why i buy monero  tell me why same dev, same feature ? does any of those 3 should be blamed on Dash ? How is this in any way related to DASH? As in venting anger on DASH? noobtrader was referring to iCEBREAKER's post here. Perhaps the "guys" threw me off, since it was only iCEBREAKER. [1] I agree on that point. A GUI is somewhat necessary to increase adoption, at least within the online cryptocurrency atmosphere. [2] Keep on FUDding, that has been known since the start: yet they didnt announce in their monero ann about the eternal infinite coin supply
Incorrect. A minimum subsidy may be implemented in the future with <1% inflation to preserve mining incentives.
Quaint to see the [MRO] symbol from back then. It was there from the original post before any edits (perhaps forum admin could verify) but that is the first capture in archive.org, May 20, 2014. Whatever your criticisms of Monero, please do not make things up. Furthermore, a tail emission is necessary to keep incentives for miners. Fees alone won't bring sufficient incentives and rewards for miners. Readers might find this excellent post from ArticMine regarding this subject interesting: https://bitcointalk.org/index.php?topic=753252.msg13591241#msg13591241[3] Why should I buy Bitcoin if I can buy Litecoin cheaper? Or Dogecoin? Or DASH? |
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1434
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 13, 2016, 09:57:27 PM
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I'll leave how I derived these numbers as an exercise to the reader for now with the hint that it is almost entirely objective.
smoothie replied before you wrote your post: So then basically everything you've said is just words.
No facts/proof to back up your bold claims.
No worries. On to the next thread...
Hypocrisy is not meritocracy. It is even worse in that it is self-defeating. You may not like how I presented it as a bit of a puzzle, but it isn't an extraordinary claim. What does Dash have that would support a higher price/cap: 1. Does it have more development as evidenced by github metrics (commits, etc.)? 2. Does it have more more discussion on neutral forums such as reddit/twitter/etc. 3. Does it have evidence of more transaction usage outside of investors? 4. Does it have more trading volume? 5. Does it have more available liquidity on order books? 6. Is it primarily traded on a different/better exchange making it accessible to more/different investors? 7. Does it have better search rankings (have to be a bit careful here to not find detergent ads, etc.) 8. Does it have more coverage by journalists, including bloggers, podcasts, etc.? (Especially unpaid coverage.) 9. Does have more/better recognition for soundness by influential technical experts? 10. Is there evidence of new users joining the community at a higher rate? The answer to all of these is no. The two are either comparable or Monero is stronger. Now if you ask why the price/cap is what it is, the obvious answer has to do with supply dynamics. Let's not forget that until recently Bytecoin was also ranked higher than Monero for a year or more, at times quite a bit higher, while at the same time failing on most or all of the above metrics along with others. Those of us looking at the fundamentals said the very same thing -- that it was where it was because of supply dynamics, not fundamentals. Sure enough Bytecoin is now at about 1/2 of Monero's market cap, and was recently much lower than that. Obsession with market cap (and cap ranking, price) as a particularly meaningful indicator of anything is a blind spot of many crypto investors. Don't be blind. Oh that looks fun. Let me give it a go. Do I have to limit mine to 10 as well? 11. Does it have more features? 12. Does it have a GUI wallet? 13. Does it have working mobile wallets? (ios and android) 14. Does it have more full nodes? 15. Does it have a built in funding/budgeting system? 16. Does it have (near) instant transactions? 17. Does it have a governance model? 18. Is it accepted by more vendors? 19. Does it have ATM integration? 20. Is its codebase compatible with existing bitcoin based systems? I'll respond for now, but I genuinely don't want to make this another DASH vs XMR thread. #11 - Depends on what you consider "features". One could argue that making the system more complex by adding (perhaps unnecessary) features doesn't really make it any more valuable. In fact, it could result in a new set of attack vectors which could possibly be detrimental to its value. #12 - soon™ I guess. I agree with you though that having a GUI is important for at least "adoption" within the cryptocurrency atmosphere. #13 - Someone is working on that (ios) and yes (android). #14 - Depends how you look at it. I bet most XMR full nodes are running at home, whereas the nodes of DASH are for the greatest part (probably >90%) hosted on cloud hosting services. The masternode design actually gives an incentive to host your masternode on a cloud hosting service, which in my opinion leads to centralization. #15 - Well, DASH uses blockchain funds to fund projects, whereas Monero relies on fundraisers / projects that are funded by the community. In my opinion, the latter will result in more valuable, wisely chosen and well thought out projects to fund, whereas the former will result in literally throwing money at everything that kind of looks good and perhaps will benefit DASH. #16 - Some kind of sidechains could be useful for that. For now I agree with you, but I think TPTB_need_war has also pointed out that the design is kind of flawed. So I'd like to see it a bit more thorougly vetted before making claims that it's really instant and safe. #17 - Governance model is described in the year in review -> https://getmonero.org/2016/02/10/monero-missive-2015-year-in-review.html#18 - You can pay any Bitcoin address with Monero using XMR.to. Not sure if DASH has such a feature. I kind of agree with smooth as well on this point. In addition, merchants are only useful if people really use them. Most Bitcoin merchants barely see any traffic. Besides, nearly all of them cash out immediately to fiat. #19 - I agree with smooth here too. The fees are usually high (i.e. >5%) and most ATMs require verification. Also, most ATMs hardly see any traffic because most people will choose a more cheaper option. Even localbitcoins got way better rates than most ATMs. #20 - A Bitcoin compatible RPC API, with in addition walletnotify / blocknotify, is on the roadmap -> https://getmonero.org/design-goals/. Having the same codebase has both its advantages and disadvantages. |
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1435
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency
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on: April 13, 2016, 07:42:55 PM
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Is there something I can do to get my pool listed on the announce page of this thread? In fact, the last there seems pretty outdated. Lot of those pools are gone it seems. It's at https://xmr.cncoin.farmI think fluffypony said on IRC the list in the ANN will be updated soon (probably when he is back). I agree with you it's pretty outdated. I updated the OP with his pool, and removed the obviously dead ones I saw. If someone else has more changes/additions, suggest them. I think longer term this is going to go in a page on the official site where pool owners can just PR their own additions. I suppose you could add the ones listed here that aren't listed in the OP yet (of course don't include the sketchy ones and the presumably bonnets): https://monerohash.com/#networkAs far as I can see, the following pools are missing from the OP: Dwarfpool.com Alimabi.cn Minergate.com Cryptmonero (possibly a bonnet) |
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1438
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 12, 2016, 01:42:32 PM
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Only unkown is ZCash.
I think the biggest unknown is whether privacy for crypto-currency really has a big potential market. I think the upside for Monero may come more from its CPU-friendly hash and greater decentralization (compared to Bitcoin's trajectory) than for its privacy. In that case, Zcash seems to have the wrong philosophy about distribution and they have yet to announce their proof-of-work algorithm. I view Zcash mostly has a technology incubator. Ditto Monero's privacy. The boots on the ground feature of Monero is its distribution and CPU hash. It seems like they are going with Equihash: https://www.internetsociety.org/sites/default/files/blogs-media/equihash-asymmetric-proof-of-work-based-generalized-birthday-problem.pdfIn addition, I think the importance of fungibility enforced on the protocol level (with privacy as by-product) is a bit underestimated. As far as I know, Zcash will allow both transparent and private transactions. |
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1439
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: April 12, 2016, 09:44:59 AM
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...lot of this community is so full of shit. If you want people to eat the shit you are trying to shovel them, tone it down a bit closer to reality.
Slow and steady wins the race. No need to pump (and dump) constantly.
Said every bitcoin loser in 2013, right before history was made. poor doggy fighting for the bone with DASH and Time is not on your side. HF Why does his "background" matter for this conversation? One of the perks of the internet is that people easily misinterpret eachother, which probably happened here. |
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