regarding mymonero it would be useful if there was an FAQ explaining the use of mixin and which number to choose.
could somebody explain what mixin count refers to (does 3 mean the use of 3 ring sigs or something) and why 4 is the biggest option (why not 8 for example)? cheers
Highest number is the best. It is safer, but you will pay more fees than when using a lower mixing count. I don't know for sure what it refers to, but I think it's the same as number of repetitions when using coinjoin (transaction will be mixed 3 times when using mixing count 3). I hope someone with more knowledge on this subject could explain it better. |
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reality sinked in fast with this one. makes for an easier trading decision.
Hey manic-depressive-bro. If a <50% correction after a 100% rise scares you, stay out of cryptocurrency. Go invest in a mutual fund. If you're a day-trading master, go ahead and ride the waves. the first question for a willing longterm investor to ask is: is xmr widely used as a currency? No, it's not. And neither is bitcoin. is it a crime to ask what people think and express my own opinions about price movements? as for it's not widely used as a currency yet, it's not a problem for me to be quite honest. if it's trending up for the longterm then it's all good. but i would be willing to go super longterm to the moon if signs point to mass adoption. and rightly so. In my opinion not, I also don't understand why other users are so agressive against you since you're not fudding but asking normal questions. Anyway, looking at the bolded part: XMR is not widely used yet, but I think it will be once all core features are out (DB/GUI/multisig). Remember that the GUI will be released shortly after the DB is stable, it currently makes no sense to release a GUI without a stable DB. The reason why I think it will be widely used is that it is far superior over bitcoin looking at linkability and traceability. But we have to ask ourselves, what do you call widely used? In my opinion, if we we're added to the largest darknetmarkets we can call it widely used. Since XMR is superior to BTC, I think it will only be a matter of time. EDIT: Forgot to add, the MEW is also setting up a Monero Marketing Taskforce ( https://bitcointalk.org/index.php?topic=583449.msg9958424#msg9958424) |
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Will there be a Missive Today/Tonight?
For your info: What about new missive?
Do missives stay officially Monday's or core devs have changed Missives' schedule?
Let's be realistic about it. The Monday schedule has been the exception rather than the rule. Consider the "Monday Monero Missives" to be a bit of alliterary license from here on out. Missives will be released when we have something ready to report, often weekly, but not always. |
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I can see the price coming back to test 0.0015 and maybe lower...better to take its time on the rise then to rocket straight up.
Indeed, a little pullback is important. Going higher will also result in a deeper correction, which could burn more people. The most important thing for me is that the long downtrend (since end of august) is broken. |
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that reminds me of what I came here to ask:
aside from bots, who is accumulating? I would like to know because I want to be more aware of their motivations. My position size in XMR is adequate but I may be interested in acquiring more
I am accumulating because I actually seriously believe that XMR is the single best candidate for a global instant liquidity vehicle - world-wide cash. That is a very extreme position, but it only requires a very small probability of accuracy over the very long run to make a substantial position compulsory. Liquidity is a natural monopoly. Network effects favor Bitcoin's continued dominance of the market for transparent liquidity, but the dark ledger niche remains to be filled. XMR has a balance of features, technical and usability, which make it a better candidate than any other coin. Other reasonable candidates include DRK, zerocash/zerocoin implementations yet to be released, and alternate cryptonote species: - DRK was pre-mine, is controlled by one person, and suffers from centralization, as well as lacking useful proofs of security. - ZC will always fail usability. The cryptography is believed to be excellent, but is immature, untested. The size of the chain, the cost of the proofs, will prevent it from acting like cash. It is not very liquid for a liquidity vehicle. It also has no working implementation. - Other cryptonotes lack the community, the social capital, as well as the liquidity leadership possessed by XMR, limited though that liquidity may be at the moment (a problem likely to be fixed in the usual way, by price). By elimination, XMR, embryonic though it admittedly is, appears to be the most fit to rescue the human liberty to transact, and potentially the liberty to retain one's earnings indefinitely, without being subject to dilution, extortion or theft. Even if we completely discount the extreme end-state as absurdly unlikely, the failure modes are very favorable to holders. When the three critical elements are in place technically - namely, DB, UI, and multisig - it is hard to see why the bulk of vulnerable transactions currently conducted on the open ledger would not move to the private ledger, starting with those most vulnerable ones which are suited to the prevailing liquidity levels at the time. On the basis of the history of bitcoin alone, a minimum upside target 200x the current trading price seems compelling, on the basis of dark net markets alone (when amplified by the inevitable speculative excess which will accompany such uptake). The real threats to XMRs future prosperity are unknown unknowns. Any suggestions as to vulnerabilities to technical, economic, political risks which mitigate the brilliance of XMRs future prospects are enthusiastically solicited. Similarly to BTC, I consider the core team to be the greatest single vulnerability, as its subversion or corruption by forces inimical to the interests of XMR holders would be devastating, but as core teams go, it is much more diverse, dispersed, and network-connected to the broader XMR community than are the overwhelming majority of cryptocurrency development groups. As XMR accumulates market cap, and entrepreneurs find niches for building enterprises which fill out the XMR economy, enhanced funding prospects should make it more feasible to expand and enhance these confidence-encouraging features of the team. One thing I noticed about the core developers of Bitcoin is they all had 0 problem making their real life names and faces known. They are public figures with nothing to hide. Is this true with XMR developers? I'm not saying that XMR can't be successful unless this happens but I would say that XMR has all of the good elements that Litecoin had to make it as successful as it has been. Atleast for David Latapie and fluffypony this is true, unfortunately I don't know the other devs stance on this subject. Maybe they can state about it themselves here?  |
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It seems like the curve is dragging down the XMR price and could do so for the next several years. What are the reasons not to change it?
No consensus in the MEW could be reached for a change, so it didn't make sense to vote yes on a change (note: even if the MEW had voted yes, the dev team was not obliged to change it). On top of that, there was also no consensus in the dev-team to change it (IIRC tacotime was strongly opposed to it). So, if we made a change, it would tear the community apart. Afterall, it is better to have a higher inflation with a community consensus. |
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update ? 
Thanks for the update request.
Here it is:
Update December 27, 2014.
Overall, over the past months, we focused on cash, gaining significant interest payments. We also liquidated S&P 500 shorts with a 10xleverage gain of 3.03% = 30.3% from 2012 down to 1951. DIEM position was also liquidated completely with average 12% gain.
Current Asset Allocation
94.6% Cash (USD)
5.4% Gold
0.0% Bitcoin
0.0% Monero
0.0% DIEM
As a result, portfolio is up by +6.02% since beginning of this thread and an annualized 20.94%.Any reason why you sold your Monero? Or is it just getting out of crypto in general? Didn't knew that, thanks for the explanation. |
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update ?
Thanks for the update request.
Here it is:
Update December 27, 2014.
Overall, over the past months, we focused on cash, gaining significant interest payments. We also liquidated S&P 500 shorts with a 10xleverage gain of 3.03% = 30.3% from 2012 down to 1951. DIEM position was also liquidated completely with average 12% gain.
Current Asset Allocation
94.6% Cash (USD)
5.4% Gold
0.0% Bitcoin
0.0% Monero
0.0% DIEM
As a result, portfolio is up by +6.02% since beginning of this thread and an annualized 20.94%.Any reason why you sold your Monero? Or is it just getting out of crypto in general? |
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Je niet laten verleiden in al die andere scamcoins.
Er is maar 1 coin, en dat is bitcoin.
't is net als met edelmetaal.
Sommige zijn veel schaarser, mooier of weet ik veel.
In the end wil iedereen er goud voor hebben.
Dus gewoon verstandig zijn, en sparen in bitcoin.
We staan nog aan het begin.
Litecoin gaat ook nog wel hoor, en ik houd ongeveer 50 LTC in m'n spaarpotje omdat er over een maand of 5-6 de halvering van de blockreward plaats vind en met een beetje geluk dus ook een increase in waarde. Denk persoonlijk dat litecoin niet veel kans meer maakt, het is steeds verder aan het wegzakken namelijk. Brengt ook niet echt iets nieuws over bitcoin, terwijl er momenteel veel alts zijn die wel echt nieuwe technologie meebrengen.. |
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I don't expect you to post the complete analysis for free, but this link requires a subscription to see anything at all. Please provide the conclusion of your report at least, otherwise this is only advertising. Apologies for not reading or caring about that article's opinion. I'm not registering. Spell it out here or quit spamming. He raises awareness for monero, why flame him for that? I think he has done a great job writing about Monero, even though you need to register to read the article. Monero is, next to litecoin, the only altcoin that gets mentioned by bullbearanalytics. Looking at the user base of bullbear, it can potentialy bring in some new (wealthy) investors. So there is no point in flaming S3052, since he is doing a great job. For those who want to read the article and are not interested in registering, please send me a PM and I will send you the screens (S3052 I hope you don't mind this. If so, please state it and I'll not send the screens to those who are interested). |
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Where does the MyMonero.com development team meet up? Would like to get more insight into what they are doing and working on
Try the #monero or #monero-dev channel on freenode. You'll probably get a faster response there. |
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We have had bearish trend since June (a serie of lower highs). Those people who bought into the MintPal pump back then have faced like close to 90 % loss in terms of bitcoins and in terms of fiat even more due to the drop of usd/btc rate.
However it became clearly bearish this autumn as even the pattern of higher lows was destroyed.
If you have both lower highs and higher lows, then there is really no trend at all (except toward reduced volatility). It was only since August that highs and lows both began to trend lower, and the downtrend became very clear and well developed. I don't know the reason for this. My theory has been that by August we ran out of new investors, and original group of investors had accumulated as much as they wanted. The price needed to go lower to motivate some averaging down, and more recently bring in some new buyers who find the lower prices more attractive and less risky. I don't have very high confidence that my theory is correct. There may be other explanations for it. BCX could have scared away a bunch of potential investors. People tired of waiting (maybe they bought assuming that the GUI would be released a lot earlier). Those people were in it for a quick buck anyway, so maybe better to not have them on board. Selling in order to buy back lower. |
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Of course it's bullish but shhh don't jinx it. You're disturbing my buy orders.
It is bullish THAT it is not celebrated. It is not celebrated because the previous bear market towards the end was driven in a significant way by greed (sell low hoping to buy lower) rather than fear. And simply because it was so much expected anyway. (easy to say after the fact... but true nevertheless). You mean the 4 month downtrend? I have to disagree with that, monero was mostly going in monthly cycles (like rpietila explained earlier). A short downtrend was expected (although some thought it would go considerable higher than 0.0051), but not this long downslide. |
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JFYI, the 2 bolded links are the same. The last one links to the right subject, the first not. |
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Monero is junk.
I am convinced, by facts and logic, that it is the best investment on the planet at this time. If it goes lower, it becomes even better. Fact: U.N. estimates global black market at 2 tn USD in 2012. Fact: PQ=MV Fact: Cryptonote is the only dark transaction protocol providing useful levels of unlinkability and untraceability. Fact: XMR is the leading cryptonote coin by orders of magnitude in liquidity. Fact: XMR is not usable by non-technical persons without trusting a web wallet today, but will be when GUI, DB, and multi-sig are officially released. Logic: Dark markets will adopt the best usable privacy and hence PQ is assured to approach some fraction of 2tn Fact: Multinational corporations require to maintain secrecy in their internal cross-border transactions. Logic: When XMR liquidity is high enough, it will be adopted by multinational corporations for internal cross-border transactions Fact: Nation-states and the central banks which own them seek to enslave the planet, taking control of financial assets at will. Logic: Wealth will migrate to dark storage, and when XMR has sufficient liquidity, it will be the dominant form of dark storage. There is a clear three stage path from miniscule to gigantic, each step of which bears a fundamental inevitability. It is possible although unlikely for an alternative dark ledger to take the lead, but until then, XMR has the most asymmetric risk/return in the history of finance. The points you made and their relevance are questionable, but even if we accept them all: -Dark Wallet is being developed for BTC. Once that works there is no point at all in adopting a lower liquidity lower confidence altcoin that will basically be a clone of BTC.-Monero shares the same problems of Proof of Work coins (including BTC of course) so if BTC dies because of that (or any reason at all intrinsic to BTC), Monero is no different. If BTC survives and Dark Wallet can be used for anonymity on BTC, Monero will not have a purpose anymore. Quoting smooth (On of the core developers of XMR) about this subject: In a practical sense how is Amero different from Darkwallet?
Darkwallet uses a form of stealth addresses that is similar to Monero. This won't work with regular Bitcoin users though, you will have to use regular address unless both parties are using Darkwallet (or some wallet using a compatible stealth scheme). In a sense this feature makes Darkwallet a bit like an altcoin that is sharing the Bitcoin blockchain. If you are exchanging with regular Bitcoin users you will lose the unlinkability benefit of stealth addresses (but you can still do it and you can keep unlinkability if you never reuse addresses). Darkwallet uses CoinJoin style mixing. This has issues that have been widely discussed elsewhere, especially when there aren't a large number of people wanting to mix at the exact same time. (There is a rendezvous process in CoinJoin where people making truncations at the same time are mixed together.) This can be still be used even with regular Bitcoin addresses, but only if the sender is using Darkwallet. A Darkwallet user who receives coins from a non-Darkwallet user will receive non-mixed coins, and also will potentially have address linkability if the address is reused. By contrast Monero uses ring signatures for mixing which doesn't require a rendezvous process the way CoinJoin does, but does have some other issues (some discussed in MRL-0001) Since Darkwallet is based on Bitcoin it shares the rest of Bitcoins advantages and disadvantages (biggest advantage being its relatively wide adoption, but again when interacting with non-DW users your feature set is reduced). Monero is a new code base that does some things differently (for example not having a fixed block size), which again has advantages and disadvantages. The relative immaturity of the code is a big disadvantage. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Well this is boring. Go watch the XMR chart instead. Up 30% today some days one altcoin rises a lot, but every day we see lots of alts going nowhere but down. It is like gambling. I could instead watch the guy that managed to win 1M from few dollars by winning a giant parlay XMR is not a gamble: It's got the only viable tech for dark liquidity, and leads the market in software, liquidity, and social capital. XMR is not an "alt": It is an innovation on par with BTC in its sophistication and in its economic importance. Monero is junk. Stop listening to Risto and the others, they don't know what the hell they are talking about anymore. Does "the others" include the core devs who are in contact with the xmr-devteam about the underlying technology? Anyone that thinks Monero is a good investment XD In addition to bassica, I suggest you read the comments of this topic: http://www.reddit.com/r/Bitcoin/comments/2oh7vq/toward_unlinkable_bitcoin_transactions_andrew/------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Well this is boring. Go watch the XMR chart instead. Up 30% today some days one altcoin rises a lot, but every day we see lots of alts going nowhere but down. It is like gambling. I could instead watch the guy that managed to win 1M from few dollars by winning a giant parlay XMR is not a gamble: It's got the only viable tech for dark liquidity, and leads the market in software, liquidity, and social capital. XMR is not an "alt": It is an innovation on par with BTC in its sophistication and in its economic importance. XMR questions: have you looked at that new web wallet? Is it secure? Is it traceable? Can't say much about the security, but it's basicly like blockchain.info: All of the heavy lifting is done client-side, which means that My Monero can never spend your funds on your behalf or without your authorisation. Transactions of monero are not traceable/linkable in general. However, if you use a webwallet your IP may be logged, so if you really want to stay anonymous you should use TOR. The monero project itself is also working on i2p integration for monero: https://geti2p.net/nl/blog/post/2014/08/15/The-privacy-solutions-projectEDIT: For all the guys that think Monero is just another scam of the cryptonote/bytecoin team -> https://bitcointalk.org/index.php?topic=740112.msg9727799#msg9727799 |
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Screens here: http://imgur.com/a/ERheR. My guess is that the GUI will be released if we have a stable DB, without a stable DB it doesnt make any sense to release it. Btw, this is pure speculation, I have no real information regarding the subject. |
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The DB!!!! Exciting  I can't test it right now being at work, but I'm very eager to try it after x-mas The work on the DB already has been on going for a longtime. Just have a look at the commits and fixes on github: https://github.com/moneromooo-monero/bitmonero/compare/blockchain. Also, if you are present in the #monero-dev channel, you will see that there is a lot of discussion (and the developing) going on about the DB. I hope we will see a stable DB in the upcomming months. PS: Devs, I hope I posted the right link. If not, correct me please. |
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2015 price target 2-3 usd/xmr with minirallies to 6-7$ (0.003-0.005 vs 600 btc/$)
2016 price target 5-15 usd/xmr (0.005-0.015 vs 1000 btc/$)
2017 price target 35-65 usd/xmr (0.015-0.025 vs 2500 btc/$)
2018 price target 125-375 usd/xmr (0.025-0.075 vs 5000 btc/$
2019 price target 750-1000 usd/xmr (0.075-0.1 vs 10000 btc/$)
2020 price target 0 successful government crackdown using a supersecret quantum computer obfuscating ring sigs.
Because 2014 is almost over, let's do some wild predictions Your bitcoin predictions are depressing. $600/btc in 2015? I could see us going a year sideways at that target, just like what happened in 2012. I think our big boom will be in 2016, when the block reward halves as well. |
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many early btc adopters have a big stake in LTC seeing it as the silver to gold
If that were true, XMR would be platinum. Maybe many was a bit of an overstatement, but atleast some of them. |
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