Around 9,5k of incredibly well priced xmr left. Opportunities like these are slimming down.
Would be a good play to rollover some ltc/nmc/ppc profits into xmr right now before the ano-cycle kicks off again.
And it's gone... Must be some barracuda's in the water today. Anybody here likes a nice triangle? We just broke out of the downtrend on the daily on (so far) moderate volume:  First major historical resistance at 24, 2nd at 28 and then ready to slam in against 37. Let's see if this rally matures tho, we need a little more volume confirmation. I actually witnessed more than usual numbers of requests for OTC-trades lately, so i'm counting on it. Personally wouldn't be suprised to surpass the previous high of 42 later this/next month, although the resistance is gonna be substantial. If the conditions are right the bulls could carry this one even to north of 54 or ( caution, bold prediction incomingeven the 72-77 region Don't quit your dayjobs tho kids, happy trading! Likely there are many holding over the past year looking to exit a good portion of their positions and recoup fiat value along that way. We'll see what the resistance is like. If you held on to this for over a year, even during the 2 declines (0.0051-0.00097 and 0.0043-0.00168), you won't sell if it goes back up but rather hodl. Furthermore, you had plenty of occasions to sell. |
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open wallets expose everyone's balance to thieves, hackers, the mafia, and a whole host of other dangerous characters besides the obligatory mention of LEA. Not to mention business competitors. I'm a fan of transparency at gut level, but I see the other side of the question. If you were running a business, would you be comfortable with your competitors being able to trace what you bought and when? Plus, who you paid and when? If you're running (say) a convenience store, you might not mind at all: the value-added of a convenience store is convenience. (I might well pay double for a Coke & chips if it means I don't have to spend the added time in a big-box and travel the added distance.) But if you're running a dollar store, where the competitive advantage is buying your supplies cheap, you might mind. If you're running a start-up - or preparing to - you might mind an awful lot. If you're the head of a company lab whose value-added is patenting, you will mind an awful lot. So there's a glaringly definite use case for stealth addresses, particularly if open ledgers mean a push towards ultra-transparency in the business world. That's why I'm keeping an eye on the Cryptonote world for any sign that Assets or colored coins are going to be added. See https://getmonero.org/design-goals/, under research goals. It's far away though, but will be there in the future  |
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as soon dash price is up more than 10%, the monero fuck tards revamp old posts and shill accounts to vomit the same shit over and over again.
if you run a crawler targeting the dash-instamine-scam bullshit posts, you'll get 3-4 users and around 12-15 shill accounts with same writing style, timestamps and other factors to link them.
One of your supporters started this thread himself? Don't get mad if it backfires, you could expect this. Also, the first responder isn't even a Monero supporter. |
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Honestly, I think dashers can't live very long outside of the vacuum-sealed (for their protection  ) comfort of the echo chamber. Keep responding to this thread and the old (never refuted) criticisms of dash will come to the surface. --heavy distribution in favor of the people who were able to mine it in the first hours --masternodes suck at anonymity and are centralizing in nature and their distribution would most benefit those who mined it in the first hours. --isn't insta-x just a pseudonym for low-confirmation transactions? If true, it's like telling an Apache or a Cherokee you've discovered a new land and you're calling it America. --why do you need 3 name changes in a year? And why are they all lame? --if Evan is such a genius, why couldn't he figure out that renaming x coin dark (now dash) is about as useful for hiding an instamine as masternodes are for protecting your anonymity? And if you can't successfully get away from the instamine, do you think institutional investors (rocket fuel refineries) are going to look past the fishy beginnings or the sucky excuse, 'It was an accident, but I didn't relaunch because.... --oh, I'm busy coding a wallet that uses a word seed--i call my invention word stealth technology. In addition, fluffypony pointed out some of the caveats in this post: http://www.reddit.com/r/Bitcoin/comments/2zufu1/a_great_podcast_by_lets_talk_bitcoin_discussing/cpmvogyAlthough biased by being a XMR core team member, he makes some good points with solid arguments. Just stating this here so others can examine the information themselves. |
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The "official GUI" argument is becoming valid because there is a minimum level of expectation that comes to user experience that sooner or later we have to address. I don't think it's unreasonable to have a basic GUI bundled in the release. In fact it's unreasonable to expect Monero's user base to continue to grow without one.
^^This. I am of the impression the reason the GUI has been continually delayed is for Monero's PTB to accumulate. Which I really have no problem with as I'm looking for cheap coins myself. The price is going to do what its going to do over a long period of time based on many factors. The idea that the price is low because no GUI and suddenly once the PTB have acquired their stash and the GUI is released the price will be high is pretty silly. Most of the times I would agree with the bolded part, however with the GUI I think it's kind of different. Many people have stated openly and privately that they are waiting on the sidelines and will get in, or increase their position, once an official GUI is released. Also, some betting sites (e.g. DirectBet) have stated that they will integrate Monero if an official GUI is released, which consequently would raise adoption and thus the price. Don't get me wrong, this isn't me pressing the core team to release a GUI or to label one as official, since I think you guys are doing a great job and are in the best position to determine which "design goals" deserve priority. Just stating my opinion on this matter. That the PTB are keeping down the price and stalling the release of the GUI is nonsense in my opinion. I rather wait until we have solid fundamentals in place before releasing a GUI. Furthermore, a too early release of the official GUI could also backfire. |
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I don't know whether you are serious or not. Anyway, for comparison: http://devtome.com./doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#monero & http://devtome.com./doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#darkcoin |
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I'll pledge 100 XMR to anyone who wants to incorporate cryptonote's qt GUI in monero and merge it into master. Anyone want to add to the bounty?
I will pledge another 100XMR so long as it can be done and released by the end of July I want Monero to be as usable as possible for the average Chinese user before August 8thI'll throw some funds in on this if someone steps up. I assume they'll go through the funding process on the getmonero forum? not to be the negative nelly, but I think funds would be better spent on a full time developer. Re: cryptonote GUI - does anyone know how compatible it will be? Does anyone know what the lifespan of it will be, considering the underlying core is set to change ... a lot? If you want to get this going on the monero forum funding system, start an idea thread. See if a developer will step up to the plate. re: bolded- what usability do you want? if our reference is bitcoin, does the average chinese user go through the trouble of setting up a full node in order to hodl? Or do they just get a wallet on blockchain.info etc? mymonero.com = usable. I believe smooth stated that it would be fairly straight forward to adapt the cryptonote GUI to monero (please correct me if I misunderstood or my memory is incorrect). I'm pledging my portion of the bounty to the cryptonote qt GUI because it would be familiar to most people already in crypto. RE: Hiring a full time developer. I don't support this, unless it's already a core team member or a heavy contributor to the XMR repository. If that is the case, then I definitely do support the idea and will contribute to that effort as well. [1] I can recall him saying this too, however I think we must not spend too much funds on this, since funds can be better spend on other developments. [2] Regarding the bolded part, I certainly agree. I don't like to "hire" someone with our funds who isn't even familiar with the codebase, since that will most likely be a 6 month waste of our funds (him getting familiar with the codebase). |
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What is the better way to get around 5k USD value XMR: buy it at current price (190k) or mine it?
Mine it if you have access to a boatload of free electricity and hardware. Otherwise buy it. I have free electricity but no free hardware then yeah, buy it. Otherwise you're looking at buying thousands of dollars worth of 290X's in order to get 5k XMR in any reasonable amount of time. But what if I buy the mining equipment for several k of USD, mine and sell 5k USD value XMR and then: 1. Continue mining XMR or other coin or 2. Sell the mining hardware with 20-30% discount of the original price You need to have a pretty low $/kWh price to make a profit even with that it will take a substantial amount of time to break even. Furthermore, this is alpha stage software which brings in additional risks. So in conclusion, it's less risky and might be even more profitable to buy XMR instead of mining it, unless you have a pretty good kWh price and a good knowledge of setting up a mining "farm" yourself. EDIT: Shit, just saw you got free electricity, in that case it might be worth a shot. But bear in mind the risks with mining and the risk of mining a less established coin (compared to for instance Bitcoin). |
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Didn't we already have NobleSir aka ShenNoether's wife to do this? IIRC she is a verified translator, but I don't know for sure if he acknowleged this though. |
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I would not worry so much about a coin that comes with superior technology. We have seen that bitcoin has a tech from 2008 with improvements of developers. Basically the only advantage bitcoin has over the other coins is the network of bagholders. In my opinion, techwise Monero is good enough to replace bitcoin as it doesn't have public blockchain. Also bitcoin network is getting filled with transactions and a confirmation takes awfully long time. Sometimes even more than 1 hour it takes to get even the first confirmation. I am looking forward to the era when Monero gets own fiat exchange and this will make bitcoin useless as bitcoin is a mere token for buying Moneros.    Confirmation time is not an advantage for XMR. When it becomes popular, there will be numerous transactions. The block limit will be filled easily. Because of its anonymous feature, it will use much more disk space. The main issue of XMR is that it can be mined by CPU efficiently, which server manager and botnet have loads. They will dump at any price as there is no cost of electricity to them. That is one reason the price is low. Somewhat agree, however they can also point there botnet to other malicious things, so there somewhat is a marginal cost for them. I agree that it's currently not helping the price, but once the price gets higher, I expect the hashrate to increase and thus the hashrate share of botnets to dilute. |
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Snip* a bunch of translation chit chat
If there is going to be a big push for chinese awareness via social media and such in August, it would be great to have some of the infrastructure translated. Is this sufficient? https://bter.com/coininfo/XMR(press PRC flag to translate) BTC38 also has a chinese info page, although I think it's outdated -> http://www.btc38.com/altcoin/xmr/ |
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Details are still being worked on so I don't want to say too much yet. Basically the goal is to make as many Chinese people as possible aware of Monero through social and traditional media. Focus will be on education with new resources and hopefully translations of existing content (everyone please help translate). Financial privacy with fungibility and optional transparency is a new concept but one that should be very attractive. Thank you for the altquick link. I was not aware of that business. The more XMR fiat exchanges we have the better. Future regulations/restrictions for this type of business will always be an unknown in China, USA and other countries. Localbitcoins P2P model may be potential long term solution. Moneroclub.com could use more traffic You're welcome. It sounds promising and I hope it will be fruitful. Whether you like it or not, the Chinese are a big part of the cryptocurrency community, so they should be addressed accordingly. |
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