In a recent reddit thread, it was indicated (or speculated) that by the next summer:
https://www.reddit.com/r/Monero/comments/3ltrxt/its_happening_stepbystep_every_month_since_i/

I think it's just a bitcoinwisdom bug - there is no way they can get this info from cryptsy, even cryptsy api doesn't have this depth https://www.cryptsy.com/api/v2/markets/155/orderbook

about zerocash. This is what can be found on the website


There are some issues with this protocol

1) fungibility: by introducing basecoins, payment processors, exchnages, governments etc can force you to use these basecoins. When you use the zerocoins, you are flagged by default. Basically there is no difference when you use the ConfidentialTransactions-Sidechain or coinjoin.
2) zerocoin transactions will probably be larger, so people will try to avoid paying the fees by making as little zerocoin transactions as possible
3) due to the fact that eventually only people who want to hide a crime will use the zerocoins, it will be possible that when you get coins out, there is a possibility to link those coins to coins that were put into the zerocoin-pool. So it's tricky... Be aware of this or you'll use your anonimity.

compare this to XMR:
1) when mixin 0 isn't possible anymore (soon^TM) all transaction outputs (except the minted coins) are mixed by default. So you can't be forced not to use mixing.
2) because all tractions will have a minimum mixin, you can't avoid paying the fees. Paranoid people pay more for higher mixin.
3) everybody uses mixin, so it's impossible to detect money flows on the network

thank you for giving more details dEBRUYNE. yes i also think mostly everyone will upgrade, and those who can not will be given some time to adapt. i run 0.9 for a long time now allready.
but isn't the amount of transactions with mixing 0 important? maybe i missunderstood something there if there are a lot of transactions with mixing 0, this is bad for all of us no? or ist it such a problem becasue of the stealth adresses?

regarding fluffys comments: think in the end these are just different kind of views. he said quite a few times that monero is not an investment. i can really understand his view and it is also true, buy and hodl wont work, especially if none builds the ecosystem. but the markets and liquidity providers are part of the ecosystem too, they are the core and yes these people are investors and they will lose most if it wont work out.

i hope this dump was the peak of moneros liquidity crisis, my heart says yes but my mind says no  

All right, I am going to clear some things up here with respect to the bolded part. First of all, the hardfork code (the one that implements the recommendations from MRL-0004) is implemented into the new binaries (0.9). As a result, everyone who uses the new binaries will use this new code with the recommendations from MRL-0004. So it won't take six months before you can use these recommendations. However, after 6 months these changes will be enforced and thus everyone will be using them. But, as 0.9 is a significant improvement over 0.8.8.6 I guess almost everybody will be using the new binaries. Furthermore, if you compile yourself from the latest commits you will also use this new hardfork code. In addition, after 6 months there will be a new hardfork code with new recommendations and new binaries. So for example, in April they will release binaries 1.0 (guessing here) with hardfork code 2.0 and everyone can use that already. So in conclusion, only the enforcement happens in 6 months, it can already be used when the new binaries are released. I hope this clears things up.

smooth said yesterday that the hardfork will happen in 6 months. Implementing the recommendations from MRL0004 is important, so it is clear that the price somehow reacts to this "delay" (its not a delay, they had just wrong expectations i guess)

to me personally there is also the fact that some comments from fluffy are disturbing(at least to me, maybe its also the language), like the quote about zerocash. to me sometimes it seems like he allready made up his mind about how "a lot of people are going to lose a lot of money".

i do not think zerocash played a role in the decision to dump it down.

maybe the devs are just too honest, something we are really not used to in this space

@Ginger: the speculation was that this hardfork maybe will roll out without the 6 months softfork time, because it is too important (its no my speculation, so i just guess)

ah and btw. XAU is gold. 1 gramm of gold is ~36usd. so 0.01g gold (XAU) would be the price for the community fix   (not my idea, aminorex mentioned once to fix monero pirce in gold)

would never dump it down like that, also not at 0.1g <3

and the last edit: since there is evidence that the dumper sold on margin, my theory is flawed anyway. shame on you polo for STILL not publishing the numbers!!!!

is it really?
this means the hard fork code will be included but not activated? this is the only way, since the hardfork will happen in 6 months, thats a long time.

sorry guys but i am confused about this.(and i do think its price relevant).
timing of the dump is not a coincidence, after i've read smooths post about the hardfork date dumping some was my first thought too to be honest...

is it time now for the community 0.01g XAU fix?

I am also in favor of 2 for a variety of reasons.

I am very sure that if we rebound, there is no buying back cheaper. Either the seller was a miner who had accumulated too much and become queasy, or is playing on the descent to a lower price level around 0.001, or just needed money. Short term play it was not.

(I was not there so these are armchair comments), but the trigger sale was not the same as the full amount, some short covering resulted when the price temporarily dropped to the "soft" area below all the near-market bids.

4) I love Zerocash, and I am convinced that the cryptocurrency of the future will be a descendent of Zerocash. But that's the far future, like 20-30 years, when their newfangled cryptography has been tried, tested, broken, fixed, etc. Between now and then Monero has a role to play. If it is used for anything of substantial value before it reaches sufficient maturity...well, the risk is phenomenal, and a lot of people are going to lose a lot of money. I am happy to let it play out, and for Monero to continue to evolve well beyond "just" a private cryptocurrency.

I would like to add to 4) that if you are really worried about ZeroCash and how it could affect XMR's price for instance, just hedge yourself like most of us did with Bitcoin <-> XMR (I think rpietila also dedicated a whole post to this), then you pretty much got nothing to worry about.

So where are all the <200k buyers who were screaming for <200k coins before the dumpage?

I bought all I wanted between 200k and 220k already, will get more BTC later this week to buy some more XMR.

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I am tired of the trolldom spreading FUD about this great project. My trollbuster algorithms have detected the forbidden use of the word GUI in your post. Welcome to my ignore list.

I think that it is for this reason, the world governments, especially the USA, being against privacy, that Monero would probably not be as widely accepted as Bitcoin, but that's not to say it won't be more widely accepted. It think Monero potentially can become as widely accepted as Litecoin.

The sad fact is that nobody cares about privacy. People are fat and complacent sheep. I asked all my friends and family to install an encrypted text message app and guess how many actually installed it? ZERO. It is a very easy to use app (Signal for iOS and textsecure for Android) so I don't understand why they won't do it.

I can understand not using encrpyted PGP email, even I cannot figure out how to install and use it!! But textsecure and Signal are easy to use, just like normal text messages.

Even in the American revolution, only 3 PERCENT fought or supported the revolution against the British. The other 97 percent just didn't care. Today, the percentage that just don't care is probably 99.9 percent. I remember, during the Vietnam war, there were massive anti-war protests. Where are these protests against the fighting in Iraq and Afghanistan now? People just don't care.

That's why Snowden is a martyr and a superhero. Honestly, if I were him, I would've just shut up and accepted my $300,000 USD per year job working for the NSA. People just don't care about his sacrifice. He's basically under house arrest for life. For what? For the masses who don't care if they are enslaved sheep.

Anyways, my point is Monero will never be the next Bitcoin, but it could replace Litecoin because most people don't care about freedom and privacy. They just want to get fed, drive nice cars, and be fat and happy. Monero could increase greatly in value, maybe 10 to 20x in value, but not 1000 times the value.

P.S. Understand that this is not a knock against Monero. I like it a lot. I am actually programming an app for Monero for people to buy and sell stuff, just like ebay, but better because I want to offer services, too, not just the sales of goods. In order for Monero to be accepted, we have to be like Amir Taaki and code apps that increase the demand for Monero, just like Amir Taaki did for Bitcoin. I think Spagni's (fluffypony) new dice gambling site for Monero is a step in that direction.

Also, if someone skilled with CSS wants to pretty the pages up, please contact me!

Edit: I speculate nothing.

Edit2: Except I did buy some Monero yesterday (TC style! (or do I have to post amounts for that?)).