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3141  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 19, 2015, 01:41:27 PM
Any plans to give an interview on the Let's Talk Bitcoin network (alt channel so to speak). I just listened to an interview with the creator of DRK/dash and it was interesting to say the least. I would have liked a Monero guy on there to give an opposing/alternaive viewpoint. I think a little debate will help the stronger coin out. I'm in XMR's corner of course, but not reading much these days on its main competitor makes me feel a bit out of touch.

Related, can we ever have a wallet app on e.g. Android, for XMR as opposed to a web wallet- is there anything creative we can do?

IAS

Porting LightWallet to Android seems possible given reasonable inputs of time/effort/skill and/or funding/bounties.

XMR competes with BTC; Darshcoin competes with CLOAK and other shitcoins.

XMR has no serious competition in the 'legitimately trustless privacy-enabling digicash' sector.  Bitcoin, with its high-volume array of 3rd party tumblers/mixers, comes the closest.

Darsh enjoys 1st mover status in the 'scamcoin marketed as privacy-enabling digicash' field.  But its technology is unproven, and outside of the cult (who stand to profit from their Ponzi nodes) not many will trust it for security-sensitive applications.

10000 this, you'll rarely or almost never see any Bitcoin stuff making the slighest hint about Monero, unless the person really likes/understands it, after the scamcoin "bought"(subverted) dashcoin I have enough evidence to support my paranoia that Bitcoins already started to rolling behind the scenes to stop or slow down XMR acceptation. At minimum there is a silent conspiracy to ignore Monero/cryptonote.

Certainly agree, you rarely see articles about Monero/cryptonote popping up on prominent altcoin/bitcoin newssites. Also, Coindesk seems to remove replies where Monero is mentioned and has never written an article about it. The only website that isn't currently doing it and is open to the technology is LetsTalkBitcoins, albeit they are an advocate for Dash/Dark as well.
3142  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 18, 2015, 07:57:18 PM
Everyone is too busy trading the new Gold Coins in CryptoKingdom to care much about the XMR price. In fact we want it to go down so we can get more XMR.
Is this irony? I don't understand. I thought there was an understanding (gentlemen's agreement), that from now on the Monero Community is supporting it's (positve) price development.
(-> rpietilas price grow start post)


There is, but people can still be hoping it will go down so they can buy/accumulate more. If this doesn't happen however, they have to market buy. You shouldn't be confused by saddam's post. Also, have a look at the total asks and bids and compare this with a few weeks ago, this will tell you what the Monero Community really thinks (hint: supporting it's (positve) price development  Tongue)
3143  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 18, 2015, 05:35:14 PM
why do you guys think we need an anonymous cryptocurrency?
i think in future there will be a better feature than darkwallet out there ,that can protect your privacy

Because we need privacy, although we don't always seem to realize it. Some great posts about privacy:

I have to say that I really don't, and I think the vast majority (or at least a good number of ordinary folks) of the world doesn't. More important things to care about.

That said, I guess I can see that some people might care about such things, which does give it value. Is it enough to make monero mainstream? Only time will tell.

It's good that you can see that some see value in it. I think more and more people will see value in it. I agree and disagree with smooth at the same time. I do think that too many people are complacent, agreed. However, at the same time I think that the vast majority of people simply do not know how much spying is going on (be it from official bodies, contractors or just third party companies selling big data). Especially the latter. Very few outside the field knows this is going on. It's hardly ever covered in the mainstream media. We surmise though that it will be a larger and larger issue when people see the ramifications of it.

But let's break it apart a bit and spell it out from my rhetoricals:

- You wouldn't want your health insurance knowing your chocolate bar habits, they might raise your premium because of it. They might even refuse to take you on as a customer.
- If your boss knows your stopping your birth control, he might let you go. Maybe he doesn't want to pay for maternity leave. It would be mighty convenient to do that before you fell pregnant.
- If a merchant knows exactly what you've been willing to pay for items before he will be able to charge different prices to customers. And charge you more.
- If your government isn't friendly towards free speech (as we see governments all over the world move towards) and you hold a political opinion that is against the powers that be, your existence in life can be very troublesome. (this is such deep subject so I will not go into it more).
- If you run a little corner-shop and your customers can see what you pay for prices, they might just go straight to the source. Your competitors might be able to see it too. They can see your suppliers and the prices you pay. It's not necessarily good for your business.
- If people can see that you went to a psychiatrist, and take specific meds you could for example risk not being invited to job interviews, or have that date you were going on cancelled, or..or..
- If you were running a local diner, and customers could see that other people were getting special deals (might be your frequent patronage), they would start asking for cheaper meals - or go somewhere else.
- The last one of my previous questions spoke for itself almost. If rogue elements (be it thieves or whatever) can see when you go to the movies, on holidays, go out shopping they can arrange for a house visit at those times. But not just that - they can see WHAT you are shopping - hey you shop for nice things let's steal that..! - and plan accordingly.)

What's that old song called? "You don't know what you've got 'till it's gone.."

And this one -> Editorial: The value of privacy (by our core dev David Latapie)

https://forum.getmonero.org/1/news-announcements-and-editorials/191/editorial-the-value-of-privacy
3144  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 18, 2015, 05:05:48 PM
What is the difference between Darknote and XMR ? Is Monero better or not ? If yes, can you just explain me why. It would help me. Thanks !

Darknote has zero volume. And noone cares about it. It wil probably have a big pump and then the a great dump and slowly die. Right now darknote has such a small hashrate, and with a block reward this small, it will stay like this. This is a security risk.

On top of that it is very illiquid, buying a considerable amount of it might be a real pain in the ass.
3145  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 18, 2015, 04:52:01 PM
Bitcoin regulations incoming in the UK. Interesting times:

http://www.coindesk.com/breaking-uk-treasury-issues-landmark-digital-currencies-report/

Quote
The United Kingdom's Treasury has published its report on digital currencies in conjunction with the Chancellor of the Exchequer's budget speech today.

The report recommends that anti-money laundering regulation be applied to digital currency exchanges in the UK and that HM Treasury will consult on the regulatory approach in Parliament.

From the report:
Quote
3.3 Almost all respondents to the call for information commented that digital currencies can offer a degree of anonymity to users, and that this factor could be a driver of criminal activity. Contributions also noted that the use of specific digital currencies, and anonymising services can increase the degree of user anonymity. However, stakeholders diverged in their assessment of the overall significance of the risks here. Some banks and payment scheme companies characterised digital currencies as anonymous and untraceable, but many of the submissions from users, digital currency firms and consultancies challenged this view and termed the technology ‘pseudonymous’ rather than anonymous. They noted that the publically visible ledger (or blockchain) of historical transactions makes digital currency payments less opaque than traditional payment methods, especially cash. Stakeholders saw that this ledger of historical transactions could potentially prove helpful for regulators and law enforcement.

This is great news for BTC (posted it also to Wall observer). But here's some food for thought... Anyone else sees this as "bad news" for XMR due to its anonymity? I mean, if I'd want to be "visible" to the network for regulation reasons, could I persuade the government that I actually am?

You could give them your viewkey?



Quote
Much like there are plenty of completely legitimate reasons to be private, there are also plenty of completely legitimate reasons to be transparent, be it to anyone or just selected parties. Monero achieves all of this with a mechanism called the view key.

If this doesn't suffice, know that it is completely in a State's reach to kill a crypto (even Bitcoin) if it really wants to. Right now. So, there are two options: to hope no State will care, or to make sure it is not in its best interest. We choose the latter.
3146  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 17, 2015, 09:55:10 PM
I think the new ATH is realistic during summer and the end of 2015 we might reach the 10 usd/xmr target.


we will not see $ 10 this year. i think it is very unrealistic that we will overtake drk,bts and ltc in marketcap.

In the end of this year the daily emission is about 11 000 XMR.
10 USD price means the emission needs 110 000 usd/day which is not impossible - in my opinion. I don't say it will happen but certainly it is possible. I understand that currently it looks pretty distant as emission is 16 000 XMR/day and price is 0.80 USD/XMR.
Last summer Monero cost 3-5 USD so 10 USD is not impossible in my opinion.


You are also stating the upperbound, probably some of the miners will hoard their coins and thus will result in a lower inflation than described by you.
3147  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 17, 2015, 09:11:08 PM
Adding a graph to the numbers:

snp

IGNORE B, A is the current projection

but there is a tail emission, isn't there? (i get so confused on this. I know what it is in principle, but I could swear that means its graph B, right?)

A is the correct one, with tail emission inflation will be on decline forever (compared to the overall supply) since the number of new coins per block will become fixed at a minimum value (or decrease to almost nothing, I don't know what model will be the final).

I like this explanation by tacotime:

Monero is different. Monero is digital cash, whereas Bitcoin is a hybrid equity-wiring service. Bitcoin has a fixed distribution amount and transparency amongst investors. Conversely, Monero inflationary, like real cash, with a small distribution period of approximately five years as basically an "ICO". It can be spent with privacy, like real cash. They're different entities, with a different promise.

I'm not sure where those graphs came from but A is not correct. B is closer to correct. Although you are right that the rate of inflation will decline over time and that isn't visible in B.  This happens very, very slowly (rate cut in half in approximately 70 years).



Graphs are from this post: https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538

Sorry for the mess up, will edit my post!
3148  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 17, 2015, 07:49:35 PM
Adding a graph to the numbers:



EDIT:

Clarification from smooth:

Adding a graph to the numbers:

snp

IGNORE B, A is the current projection

but there is a tail emission, isn't there? (i get so confused on this. I know what it is in principle, but I could swear that means its graph B, right?)

A is the correct one, with tail emission inflation will be on decline forever (compared to the overall supply) since the number of new coins per block will become fixed at a minimum value (or decrease to almost nothing, I don't know what model will be the final).

I like this explanation by tacotime:

Monero is different. Monero is digital cash, whereas Bitcoin is a hybrid equity-wiring service. Bitcoin has a fixed distribution amount and transparency amongst investors. Conversely, Monero inflationary, like real cash, with a small distribution period of approximately five years as basically an "ICO". It can be spent with privacy, like real cash. They're different entities, with a different promise.

I'm not sure where those graphs came from but A is not correct. B is closer to correct. Although you are right that the rate of inflation will decline over time and that isn't visible in B.  This happens very, very slowly (rate cut in half in approximately 70 years).


3149  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 16, 2015, 09:57:12 PM
In a couple of days we should cross 0.003... The longer the crossing takes, the more violent it will be.  Roll Eyes

I am sensing a similair pattern as to when 0.00194 broke.
3150  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 15, 2015, 09:20:59 PM
One of the things I'm looking forward to with smart mining is seeing what sort of increase we may get when it is released. It will give a real sense of how many people are actually using XMR. People using it locally will be fairly likely to mine to at least support the network. Speculators who keep their coins on exchanges and never really plan on using it as a currency, not so much.

Well it's not going to happen, the smart mining idea was abandoned.

Do you know something we don't? It is still in the development goals (even on currently in development) -> http://getmonero.org/design-goals/

EDIT: Another poll -> https://bitcointalk.org/index.php?topic=991637.0
3151  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 15, 2015, 02:36:07 PM
What is it ?



Smart miner will make it so the bitmonerod miner runs whenever your PC is inactive - similar to how BOINC works (BOINC is a distributed computing network for science and other computation heavy things. if you remember SETI@home, its the same concept). The idea is that mining will become more of a passive thing for some people and it won't interfere with everyday computer use - won't eat up system resources.

Adding this post from smooth to your comment:

Most of the previous "CPU only" coins are really scams and the developers already have GPU miner or know how to write one. There are a very few exceptions, almost certainly including this one.

I don't expect a really dominant GPU miner any time soon, maybe ever. GPUs are just computers though, so it is certainly possible to mine this on a GPU, and there probably will be a some GPU miner, but won't be so much faster as to put small scale CPU miners out of business (probably -- absent some unknown algorithmic flaw).

Everyone focuses on botnets because it has been so long since regular users were able to effectively mine a coin (due to every coin rapidly going high end GPU and ASIC) that the idea that "users" could vastly outnumber "miners" (botnet or otherwise) isn't even on the radar.  

The vision here is a wallet that asks you when you want to install: "Do you want to devote some of you CPU power to help secure the network. You will be eligible to receive free coins as a reward (recommended)   [check box]." Get millions of users doing that and it will drive down the value of mining to where neither botnets nor professional/industrial miners will bother, and Satoshi's original vision of a true p2p currency will be realized.

That's what cryptonote wants to accomplish with this whole "egalitarian mining" concept. Whether it succeeds I don't know but we should give it a chance. Those cryptonote guys seem pretty smart. They've probably thought this through better than any of us have.

3152  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2015, 07:33:02 PM
Crossposting for awareness:


Bump. Please vote. We've always done really well on these polls. This one not so much.

3153  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2015, 04:31:33 PM
do you guys expect another rise in price soon?

Some time (~1-2 days) ago, I put the probabilities such:

30% we are below 165k
30% we are between 165-250k
30% we are between 250-500k
10% we are above 500k

...in 3 weeks.

So, no. I think it is more probable that we fall. However, the rise has so much more upside than the fall has downside, that I am continuing to buy.

There is of course the "out of the blue" possibility that Darkcoin may take another "Dash" to the downside. Darkcoin still has over 3x the capitalization of Monero and the markets seem to respond to any drop in DRK by buying XMR. I say anyone in the XMR/XBT market still needs to play very close attention to DRK/XBT especially if they are planning on buying XMR.
 
Edit: One of the reasons why I was not surprised by the recent XMR upward move is because I am watching DRK closely.

I am also watching it closely.  I began by wondering why there is so much action in that coin with what seem like obvious achilles heel issues (insta/premine, semi-centralized mixing) as well as being a bit overcomplicated.

I thought maybe after the big drop after the rebranding there might be a dead cat bounce, but I was too chicken to buy as I was not sure we'd see a bounce, especially with what looked like artificial whale support.  Turns out I am glad I didn't.

But to our topic.  It will certainly benefit the monero blockchain if DRK continues to lose steam.  Still, the network effect there is strong.


I was thinking about this a little bit today after I read ArticMine's post. I came to the conclusion that us getting added to cryptsy will make it a whole lot easier for Darkcoin users/investors to convert their Darkcoins to Moneroj (because most of the trading is done there).
3154  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2015, 08:50:24 AM
do you guys expect another rise in price soon?

Yes.  The roadmap is a juggernaut and we'll be on Craptsy soon(tm).

How sure are you of this? People have been saying this since september..
3155  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 10, 2015, 08:23:33 PM
Now it's about time to thank you the developers for taking us through the dark ages from approximately October 10th until now. Your determination to develop the coin voluntarily, when all it did pricewise was bring losses to everybody, is worth of the highest praise.

Coincidentally Crypto Kingdom was launched in 2014-10-10 and its Ancient era ended 2 days ago. While my concentration on CK may have brought short term damage to XMR price (assuming my effect is positive when I do open my mouth), now we have me back in business, and Crypto Kingdom is soon going online.

The future indeed looks bright and I doubt that even this short-term uptrend is over yet.

As HM The King, I establish the Order of Core Team in Crypto Kingdom. All the 7 core team members are awarded the Knight Commander rank, and they have the right to award Knight rank to whomever they wish.

Every Knight Commander also gets an engraved gold chalice weighing 200 gold + 800 gold free trading. (Gold is trading at 0.503 XMR currently, prior to its listing to Poloniex.)

I PM ' d Sadambitcoin  a week or two ago as you suggested re: CK,   with no response.   Is there another way to get involved?

I guess he missed your PM, you should try ##crypto-kingdom (##, not #) on freenode. The room is very active and I am pretty sure someone will help you there. You can easily join freenode with freenode webchat (http://webchat.freenode.net/), just set your nickname and set the channel to ##crypto-kingdom. I hope this will help you in getting involved!
3156  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 10, 2015, 03:19:33 PM
Btw guys, you should check the Monero Interview on the ‪Dogedradio‬ with David Latapie & Fluffypony:
https://www.mixcloud.com/dogedradio/monero-coin-interview/
3157  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 10, 2015, 10:39:21 AM
We have now started exponential bubble phase which is not sustainable and nobody knows how long or how far we go. All I can say, sell into strength, ussually this moves retrace hard and people panick and lose. Then buy back Smiley

This strategy might burn you really hard..
3158  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 10, 2015, 10:38:52 AM
One thing to keep an eye on is bitcoin's bull market.

Altcoins tend to suffer in the beginning of bitcoin's bull runs. You can see Litecoin (https://bitcoinwisdom.com/markets/btce/ltcbtc) , Peercoin (https://bitcoinwisdom.com/markets/btce/ppcbtc), and (Namecoin (https://bitcoinwisdom.com/markets/btce/nmcbtc) all crashing hard in October 2013. Litecoin also suffered in May 2014 as bitcoin began its bull run to 680. XMR/DRK did well at that time, but only because anonymous coins were new and hot. Other alts suffered.

So if bitcoin breaks 300 with strength today or in the next few days, then we should prepare for some pain.

Yes. This is very true; however the whole DRK mess can change things. My take is that DRK/XBT will be have a bigger impact on XMR/XBT than XBT/USD.

Is there really a DRK mess? DRK's retracement looks normal. It's had a big run. I don't think its decline will be notable unless it retraces 100% to .006x or below.

Of course, if DRK goes into terminal decline and XMR were to absorb DRK's 100k USD daily trade volume, then XMR would have the next highest liquidity after LTC. XMR's emission as a percentage of daily trade volume would become very small.

I doubt that the rise today was actually caused by darkcoiners abandoning ship for XMR, but if XMR becomes more visible during DRK's decline, then that can become the narrative. And once it's the narrative, it will become reality.

Just head over to the DRK thred and see for yourself. Price is being held up artficially by Otoh.
3159  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 10, 2015, 10:24:07 AM
I think fluffypony (or other core devs) forgot to post the new Missive, anyway here it is -> https://getmonero.org/2015/03/09/monero-missive-for-the-week-of-2015-03-09.html
3160  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 07, 2015, 04:22:59 PM
Since these are official accounts, it is a bit different from the Monero Digest you are making.

indeed, point taken.

re: facebook

well one idea, which could be viewed as unscrupulous, is free monero for likes! direct people to get mymonero accounts and post the addresses on the page after they "like". Essentially is a form of faucet. Though this would be best if coincided with cryptokingdom - somewhere for peeps to play with their monero.

I like this idea and will certainly discuss it.

PS: We try to get our twitter more active as well and we will try to post articles, mentionings of Monero etc. on a regular pace.

Not for nothing but releasing and marketing something to the general public that is not ready for prime time WILL poison the brand. Even when it gets ready those that tried it and failed with it will never try again. You will sour a huge market if you market to to the uninformed/nontechnical masses.

If on the other hand your just looking for a price surge that will cause a quick selloff then have at it.

I certainly agree with you and forgot to add in my previous comment that we will only start with this (reddit giveaways were already discussed) after the GUI+DB has been released. But discussing about it won't do any harm.
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