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1841  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: February 28, 2016, 11:09:40 AM
"DASH is better money than Bitcoin"
Anarchapulco 2016 Speech / Juan S Galt
 Wink
https://youtu.be/gnPQYQvXU1U



FWIW: The vid and DASH itself are receiving a lot of criticism by Kristov Atlas on Facebook, see the conversation here:

https://www.facebook.com/groups/TheBitcoin/permalink/969751946440428/

Logs, for the people that don't have an account on Facebook:

http://fpaste.org/330580/61759914/
1842  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: February 28, 2016, 05:15:26 AM
Something is wrong on your end if you can't mix 20 dash with 8 rounds in less than 2 hours.  Or else your settings are made to wait a long time between rounds.

Mixing is not at all as stable as it needs to be. It hangs when I mix almost every time and I need to restart my client or zap the wallet to get it going again.

I do wish there was more focus on polishing the current release. I have the feeling that there might be a stampede into Dash before Evolution is ready.

Even though it might not have been optimized, most of the transaction time will depend merely on activity.
1843  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 28, 2016, 04:30:55 AM
Crosspost:

Meanwhile, our core-team member Riccardo "fluffypony" Spagni is currently present at the Satoshi Roundtable:
http://satoshiroundtable.org/

Here he is, being interviewed there on Bitcoin Uncensored (still live, so go back to about 6 minutes in from the beginning):

https://youtu.be/PKd7F-10lxM

Here is the full vid, fluffypony is on from ~6:00 until ~32:00 and gives a little interview:

https://www.youtube.com/watch?v=PKd7F-10lxM
1844  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: February 28, 2016, 04:24:39 AM
Meanwhile, our core-team member Riccardo "fluffypony" Spagni is currently present at the Satoshi Roundtable:
http://satoshiroundtable.org/

Here he is, being interviewed there on Bitcoin Uncensored (still live, so go back to about 6 minutes in from the beginning):

https://youtu.be/PKd7F-10lxM

Here is the full vid, fluffypony is on from ~6:00 until ~32:00 and gives a little interview:

https://www.youtube.com/watch?v=PKd7F-10lxM
1845  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: February 27, 2016, 09:22:36 PM
@phishead, Linux is often used because it is less prone to malware/keyloggers/rootkits etc. It's because most users use Windows. Therefore it isn't beneficial for malware/keylogger/rootkit makers to create something that "infiltrates" Linux.

Furthermore, I think you ask valid questions and we should discuss on how to set up such a thing as you describe.
1846  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 27, 2016, 05:45:04 PM
Speculation wise:

Someone took out another 5k short and placed it at 194k. Lending rates are really high currently, around 0.15-0.16%.

Sounds quite crazy to me.
Perhaps there are soon opportunities to make a quick buck if there will start a forced liquadation. I am personally thinking of putting some coins for sale at higher price so that I am able to benefit of possible anomaly. We will see how this will play out.

His ask wall was bought, no way back for him now.
1847  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 27, 2016, 05:24:45 PM
Speculation wise:

Someone took out another 5k short and placed it at 194k. Lending rates are really high currently, around 0.15-0.16%.
1848  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: February 27, 2016, 03:33:42 PM
Meanwhile, our core-team member Riccardo "fluffypony" Spagni is currently present at the Satoshi Roundtable:



http://satoshiroundtable.org/
1849  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 27, 2016, 03:33:31 PM
Meanwhile, our core-team member Riccardo "fluffypony" Spagni is currently present at the Satoshi Roundtable:



http://satoshiroundtable.org/
1850  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 27, 2016, 10:51:17 AM
I am happy to announce the first successful Zero-Knowledge Contingent Payment (ZKCP) on the Bitcoin network.

ZKCP is a transaction protocol that allows a buyer to purchase information from a seller using Bitcoin in a manner which is private, scalable, secure, and which doesn’t require trusting anyone: the expected information is transferred if and only if the payment is made. The buyer and seller do not need to trust each other or depend on arbitration by a third party.

Imagine a movie-style “briefcase swap” (one party with a briefcase full of cash, another containing secret documents), but without the potential scenario of one of the cases being filled with shredded newspaper and the resulting exciting chase scene.

An example application would be the owners of a particular make of e-book reader cooperating to purchase the DRM master keys from a failing manufacturer, so that they could load their own documents on their readers after the vendor’s servers go offline. This type of sale is inherently irreversible, potentially crosses multiple jurisdictions, and involves parties whose financial stability is uncertain–meaning that both parties either take a great deal of risk or have to make difficult arrangement. Using a ZKCP avoids the significant transactional costs involved in a sale which can otherwise easily go wrong.

In today’s transaction I purchased a solution to a 16x16 Sudoku puzzle for 0.10 BTC from Sean Bowe, a member of the Zcash team, as part of a demonstration performed live at Financial Cryptography 2016 in Barbados. I played my part in the transaction remotely from California.

The transfer involved two transactions:

    8e5df5f792ac4e98cca87f10aba7947337684a5a0a7333ab897fb9c9d616ba9e
    200554139d1e3fe6e499f6ffb0b6e01e706eb8c897293a7f6a26d25e39623fae

Almost all of the engineering work behind this ZKCP implementation was done by Sean Bowe, with support from Pieter Wuille, myself, and Madars Virza.


Read more, including technical details and links to the software at https://bitcoincore.org/en/2016/02/26/zero-knowledge-contingent-payments-announcement/

Is this bad or very bad for monero?

What about not affected at all? Ethereum is more affected by that because it is more or less a trustless smart contract using Zero Knowledge Proofs.
1851  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 27, 2016, 10:48:35 AM
I still have a feeling it is very bullish. After hitting the 165-170 support many many times without faltering the floor is slowly moving up and establishing at a higher level, currently that seems to be the 180-185 zone. I also like that the support has not been held up by some brutish wall but an elastic mass of buyers that seem to agree on accumulating.

An adventurous shorter tried to incite a little panic recently but failed miserably so far and is still at a loss. Nobody really wants to sell, this has been going on for quite a while now.

However nobody really wants to buy as well, it looks as if everyone is waiting for a whale or market signal to start pushing through the ever strengthening resistance.

If you zoom out to daily candles and 10 months history you will also notice a monstrous 7 month cup and handle forming. Is it applicable? I don't know. My TA skills are also very limited to use an euphemism.

In any way...it's crypto and this could go both ways fast. However I have rarely felt so bullish, although I don't expect crazy mooning just yet...and I'd be worried if it would climb too fast.

Seems the price is kept in place by all the asks sitting at 200k-246k. There surely is willingness to buy, but it needs to gain some traction. Furthermore, I think most of the asks sitting in that range are from "wallguy" and simply split up into smaller portions. When we had that little spike 2 days ago the ask side was relatively flat and there was only around 420-430k in asks total.
1852  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 27, 2016, 01:21:49 AM

Ok, As a intellectual exercise lets say your goal is to lose as much of lenders assets as possible, how would you do this and what would it cost (for optimal effect)? As an aside what could you do to hedge this action or even benefit from it?

You are asking how you could damage the lenders intentionally?  You could do it, but I don't think you could profit on it.  You would need to take them up on their loans, even at extremely high interest rates - really create a lending frenzy.  Use those loans to set up elaborate sell walls near-the-money.  Ensure you have only minimum margin requirements in this account #1. 
 
Then, with account #2 you could have to place a titanic buy order, eating through all your self-errected near-the-money walls at once and skyrocketing the price by a major % amount.  This would liquidate your account #1, and force Polo to try to repay the lenders.  But since your account #2 is still driving up the price an irrational amount the lenders would not be able to be compensated. 
 
This would cost you significantly because you would eat the losses from having account #1 liquidated even though you would end up with a substantial portion of XMR in account #2. 



Or you could just hold your private keys.

Cold blooded, as usual.  And correct.  I think once the official GUI comes out you will start seeing more people store XMR away in their own private keys.  Is that sensical or rational?  No, but it's how it will likely go down.

There is actually a bit of rationale behind, I replied to the following statement on reddit which stated something similiar:

Quote
You guys really need a gui. This is why I haven't bought in yet.

My response further down in the comment chain:

Quote
No he isn't. He might be wary of investing currently because he cannot store his coins comfortably. That is, perhaps he prefers something he is familiar with, and knows how to use (a GUI), instead of something totally unfamiliar. Also, the other options available (MyMonero, simplewallet, Moneroaddress) might simply not be sufficient for some people. Hence, they wait until the GUI is released to buy and store their coins.
1853  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 27, 2016, 12:10:36 AM
Speaking of shorts, it looks like our mystery shorter dumped 3000 more borrowed coins and may be placing some of that imposing sell wall.  
  
At this point they may be 'pot committed' and will get liquidated at an increasingly narrower margin of error.  They will continue to pile shorted coins on to avert the loss, digging their hole deeper and deeper until the slightest buying pressure creates a titanic liquidation of their position.  
  
Mystery shorter, you are playing a dangerous game.  Good luck, and I hope you will recover from the impending loss in time.

what sell wall?

I guess he means those walls at 200k and up to 246k.
1854  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 27, 2016, 12:10:02 AM
AFAIK (correct me if wrong), Poloniex does not hold the account owner personally at risk if the short game goes bust.

According to their Terms of Use, they do hold the account holder responsible:

Quote
If, after your positions and assets are liquidated, your account still contains insufficient funds to settle your debts to lenders, you will be responsible for any additional funds owed

However, if the account holder doesn't pay, the risk then theoretically falls next on the lender:

Quote
When you lend to other users using the Platform’s P2P lending system, you risk the loss of an unpaid principle if the borrower defaults on a loan and liquidation of the borrower's account fails to raise sufficient funds to cover his or her debt.

In practice, I agree true black swan risks probably exist (aside from those that exist outside the lending system altogether).

I was under the impression that once the value of your accounts assets were reached on your short that your position was auto closed, so how can the lender end up paying for the shorter?

If there is insufficient ask liquidity to close his short.
1855  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: February 26, 2016, 10:24:52 PM
Seems like we have a downwards breakout... I hope that 130 BTC support at 0.006 is not a "subtle" hint from whales on where it is going.
Looks like this wall is pulled , ideas?

Let's make a soda machine.  Oh wait, that was already done.

How about coffee mugs?  Hmm, tried that too.

Well I'm stumped.

Only ~30 Masternodes worth of Dash between Here and Zero.

Remember when you guys believed the price was going to stay above 0.01?  Aww, sweet memories!

How is Monero doing, champ? Cheesy

Here is the XMR/DASH price chart from the last 100 days:



1856  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: February 26, 2016, 08:48:03 PM
"commit to disk" he means never save the seed in a text file, for example.

there are also ways to only save files in ram in linux, so they get erased upon shutdown.

I think you could improve safety here by booting from a Linux (Ubuntu) USB stick with the generator on it. @phishead, I could walk you through it if you want on IRC.

Maybe post is here afterwards?  I'm sure others would benefit greatly from such a tutorial if it does not exist!

Yeah I'll try to make a guide for it, it's long overdue as well.
1857  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: February 26, 2016, 07:54:38 PM
"commit to disk" he means never save the seed in a text file, for example.

there are also ways to only save files in ram in linux, so they get erased upon shutdown.

I think you could improve safety here by booting from a Linux (Ubuntu) USB stick with the generator on it. @phishead, I could walk you through it if you want on IRC.
1858  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 26, 2016, 07:31:39 PM

It should work.  Fluffypony (mymonero admin) is at the Satoshi Round Table conference so he might not be able to respond right away.  Try it again, maybe you typed it in wrong.  If you already tried that Im sure someone else here will chime in with some advice.

Sorry, I'm out of the loop on this one... why is Fluffy going to the Satoshi round table?  Is he someone that actively contributes to the Bitcoin protocol?  Isn't he at the head of the core devs for just Monero?

He sure is.  Its a crypto currency conference, not all attendees are directly involved with BTC development.  I'm not a dev on any crypto coin project but would love to attend.  Are you saying I should not??

Haha, absolutely not!  But when I hear "Satoshi Round Table" I think some meeting with the top dogs in development to talk about Bitcoin primarily... I understand now it's more of cryptocurrencies in general, which is awesome.  Will there be a video of it after the meeting is over?

There won't be any videos whatsoever. However, I think Fluffypony will make a little summary of his trip and how it went.
1859  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 26, 2016, 07:10:28 PM

It should work.  Fluffypony (mymonero admin) is at the Satoshi Round Table conference so he might not be able to respond right away.  Try it again, maybe you typed it in wrong.  If you already tried that Im sure someone else here will chime in with some advice.

Sorry, I'm out of the loop on this one... why is Fluffy going to the Satoshi round table?  Is he someone that actively contributes to the Bitcoin protocol?  Isn't he at the head of the core devs for just Monero?

The event is slightly broader than "just Bitcoin". Few other projects or companies deemed important and/or influencial enough can attend too.


To be fair, he did a lot of work on Electrum if I recall correctly.
1860  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: February 26, 2016, 06:47:13 PM
Mymonero.com used to accept 25 word seeds until a few days ago.
I don't think mymonero.com accepts 25 word seeds any more.  I can't get it to work.
If this is right, then the only way to have a wallet compatible with both moneroaddress.org and mymonero.com is to do an import, which costs 10 xmr.
Am I correct?

It should work.  Fluffypony (mymonero admin) is at the Satoshi Round Table conference so he might not be able to respond right away.  Try it again, maybe you typed it in wrong.  If you already tried that Im sure someone else here will chime in with some advice.

I just tested with a freshly generated seed from https://Moneroaddresss.org and it works.

Also, you can still choose the "Don't import transactions" option.
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