I have a question how sweep_dust works. I have some xmr including unlocked dust: 1.247663779850I tried sweep_dust command and got Error: not enough money to transfer, available only 0.204482410000, transaction amount 0.460000000000 = 0.230000000000 + 0.230000000000 (fee) Is all your balance unlocked? |
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Crosspost: Stack Exchange. "the task at hand is to submit "example questions" to help define what is on and off topic for a site." http://area51.stackexchange.com/proposals/96062/moneroI can't stress enough how much a stack exchange presence is important for Monero. These Q&A sites can be really helpful for newcomers, both users and developers. Please either vote on questions or propose sample questions. |
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Thanks shorts, I can no longer avg down but I bought a little bit @ 266. Then BOOM!
WTF, any exchange I go to my sell button is disabled.
They are desperately trying to protect that 310k level. They even took out more to put it in front off it. |
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Quite the fight going on in the support zone (255k-265k), it is holding thus far:  Pulling asks might get you 340k, market makers. Some additional TA, it near perfectly retraced to the 61.8% level:  |
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Quite the fight going on in the support zone (255k-265k), it is holding thus far: |
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I can confirm, that there are short sellers now in the markets. All my Moneros available for lending are been taken, and I am not giving out loans at minimum rates. Quite largish short position now so there is not that much downside IMO. I suspect a lot of shorters dumped into that pretty sizeable wall @ 280k (it was around 26-27k total). It seems they are desperately trying to protect that level now with new shorts that are either market dumped or put up in the asks. |
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I see Monero will fly again.
Can someone tell me please, what was historically highest price for Monero? I can't find this info.
On 2014-05-24 I sold my first mined monero at 749K satoshi (Poloniex). I think this is the absolute high. It was ridiculous easy to mine. It took me about 10 hours with my old AMD 4core Phenom to mine 1 monero. No it was higher, above 1000k. Check the chart here: https://cryptrader.com/charts/poloniex/xmr/btc (set the timeframe to 5y). Alternatively, set the chart ("zoom") on Poloniex to all: https://poloniex.com/exchange#btc_xmrEDIT: Better to ask these questions in the speculation thread by the way: https://bitcointalk.org/index.php?topic=753252.0 |
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I think fungible is really a specialist term that doesn't work so well talking to people more widely than the cryptocurrency or economics worlds. Just my opinion on it.
Even in the cryptocurrency world a lot of people (even so-called experts) cannot properly define it. |
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If 0.0034 was the top of this rally, expect lower lows though...
I think it is a better measurement calculating Monero's value in USD for example. Bitcoin does not yet have a stable value. If Monero's market cap remains 10 million USD this year, but Bitcoin goes to 10 billion USD. Does that mean a lower low for Monero? Good point, I am indecisive at this yet. BTW, (a maybe naive analysis follows) I think that ETH and BTC are direct competitors (like XRP & BTC in the past) but on the other hand XMR & BTC are more of a good pair. I mean, it is of XMRs best interest 1) BTC adoption to increase as much as possible and people use XMR as laundry, 2) XMR should not become No1 to draw attention. There is an interesting paper somewhere in the internet on how the Alpha male and the lowest ones in the pyramid suffer the most stress. The best position to hold is actually No2, all the stress at No1 and you still enjoy big rewards from being the second in rank. Who would you rather be, Putin or Medvedev?On the other hand (win win for XMR) if Bitcoin goes bust, XMR is the next most logical substitute for it (in terms of store of value, decentralisation etc). Actually it may be best couple with ETH (that will most probably become the new King) than with BTC. That said I agree with Anonymint that Monero is not at all perfect but good enough. Regarding his fundamental analysis on the other ones, I won't argue but there are a LOT of worthless stocks that are not worth currently valued at 0$ in the stock market. I think all of these coins are way better choices to invest than in 90% of the stocks in NYSE/NASDAQ. Good point, I am indecisive at this yet  . Regarding the Alpha male and stress paper, I definitely think Monero has benefited from basically existing outside the pecking order for some time. It gave the devs time to study the stress of Bitcoin and find long term solutions:In a study of male savanna baboons, alpha males exhibited high levels of testosterone and stress. This stress and testosterone over a long period of time can lead to decreased fitness. The lowest ranking males in the hierarchy also demonstrated high stress levels, suggesting that it is the beta males that gain the most fitness, avoiding stress while still maintaining some of reproductive and nutritional benefits of moderate rank. Interestingly, the Cryptonote whitepaper already mentions a lot of deficiencies: https://cryptonote.org/whitepaper.pdf |
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Why would ppl move from eth to xmr?
I think if anything, it would be the other way around. Ethereum has essentially cloned Monero at this point. Ring signature mixer – part of the test.py script now includes creating an instance of a ring signature verification contract which is designed as a mixer: five users send their public keys in alongside a deposit of 0.1 ETH, and then withdraw the 0.1 ETH specifying the address with a linkable ring signature, simultaneously guaranteeing that (i) everyone who deposited 0.1 ETH will be able to withdraw 0.1 ETH exactly once, and (ii) it’s impossible to tell which withdrawal corresponds to which deposit. This is implemented in a way that is compliant with the gas checker, providing the key advantage that the transaction withdrawing the 0.1 ETH does not need to be sent from an additional account that pays gas (something which a ring signature implementation on top of the current ethereum would need to do, and which causes a potential privacy leak at the time that you transfer the ETH to that account to pay for the gas); instead, the withdrawal transaction can simply be sent in by itself, and the gas checker algorithm can verify that the signature is correct and that the mixer will pay the miner a fee if the withdrawal transaction gets included into a block.
https://github.com/ethereum/pyethereum/blob/serenity/ethereum/ringsig.se.pyBasic stages of course, but concept is solid nonetheless. I envision that over time, the difficulty to unearth an anonymized transaction will become greater for a ring-sig dApp than a cryptonote running on it's own seperate blockchain, and it shall make more sense for users to run dAPPS instead.. for several reasons: 1) Hashrate securing cryptonote chains is dwindling, whilst ETH is increasing, 2) tx volume on cryptonote chains are dwindling, whilst ETH looks set to rise, various monetization facets of the chain means there should be constant demand for gas-consuming contracts . Legitimization of ETH is a good thing. Holding ETH is not inherently standout, whilst holding a coin dedicated to private transactions. is more 'suspicious'. It might be sad that things are this way, but that's a reality.. with XMR, BBR etc you are actually have quite a small circle of users. If ETH gets more traction your ring sig swap might be a drop in the oceon 3) If/when the introduction of p2p decentralized ETH exchanges takes off, like etherex the risk of co-opting a centralised exchange becomes lower. This is a major weakness for Monero, boolberry et al right now, who have a more or less single point of failure from US based exchange subject to the whims of regulators and agencies there tl;dr if ETH continues to gain mindshare and implements a working ring-sig dAPP on Serenity, the need for a seperate cryptonote coin (and seperate mining securitization) becomes less pronounced This is especially important if BTC begins to lose ground to ETH, in which case the ability to both hold and mix the same token directly through a dAPP is much more sensible than what is happening now, sending btc to poloniex to trade for xmr and being exposed to extra pricing fluctuations I beg to differ, read my post here: https://www.reddit.com/r/Monero/comments/492txo/vitaliks_new_blog_post_implications_for_monero/d0ol2fhYour arguments are pretty flawed, I currently got no time to comment on it but I will write a more detailed reply tomorrow. |
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Well it would be nice if the team or somebody else can develop an user friendly 1 click wallet right? Would also gain more people and attention...
There is also a simple web wallet I see, is it safe option as well?
It's from fluffypony, who is a core-team member, thus considered safe as in trustworthy. However, one should always be cautious with using webwallets. More specifically there have been successful thefts. Fluffypony explicitly recommends not storing too large an amount there, and instead using it for convenient access to smaller amounts. Is there a thread or such detailing that? |
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