It might help to have some funding goals, so that as a community, we can work to certain points more rapidly. Maybe the Monero Committee (or whatever is called) can do something with this?
The MEW will be donating at least 1,650 XMR to the developers next week, maybe more depending on the exact membercount. When our membership opens to everyone (asap), the sum will be even higher. It is correct devs are operating at a loss currently, but at least we are getting a structure in place to support them. Thanks, I guess I missed it, but what is "MEW" btw? suit yourself! If I understood correctly it is mainly targeted at large holders (5k+), you can /q davidlatapie on IRC or here for more info. |
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How much money BTC/xmr/$ in donations is (approx) needed to get an ETA of the following:
- Embedded DB solution/implementation --> $14 500 (as posted on reddit)
- Convertion of C-code
- Finished (official) GUI
- C++ version of the I2P router (IP obfuscation)
- ... (blockchain bloat issue?)
It might help to have some funding goals, so that as a community, we can work to certain points more rapidly. Maybe the Monero Committee (or whatever is called) can do something with this?
Few weeks ago fluffypony said that Finished GUI would cost around 15-18k or something IIRC, calculated using work hours. |
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Any Missives in the near future?
Excellent timing  GJ core members and others! Keep up the good work. |
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Also, is it fair to say that dogecoin is the most successful alt?
Just check and compare it's fundamental data at http://bitinfocharts.com/. Dogecoin seems indeed to be the number one Altcoin, only second to to the mighty Bitcoin. However it's ride will probably be much wilder than that of Bitcoin. Better use this: https://www.coingecko.com/en |
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Good time to buy monero right now?
Looking to diversify 0.5% of my btc holdings into it
Also what exchange do you guys trade on?
All-time weighted average lies around 0.0042 IIRC, so with the the price now hoovering around 0.0038 it would be a good buy in point. I prefer poloniex to trade on, because it has by far the most liquidity. Trade volume also exceeds 100k $ most days, so it won't be a problem to do a big purchase. Also have a look at this: https://bitcointalk.org/index.php?topic=721045.msg8477489#msg8477489FAQ here: https://bitcointalk.org/index.php?topic=721045.0Missives (updates etc.) and other details : https://bitcointalk.org/index.php?topic=721045.0
Monero is the first alt (okay some said LTC a year ago..) that functions as a hedge to Bitcoin.
Same as Bitcoin is a hedge to paper assets.
Gold is a hedge to all.
rpietila, Could you please elaborate on the factors or characteristics of XMR that you believe make it the 'first alt' that functions as a hedge to Bitcoin? Why does XMR function as hedge better or rather than LTC or DRK, for example. Thanks! 24Kilo Altough this question isn't directed to me, look at the top of my post (where I quoted podyx) for reasons why monero matters. LTC is sort of a clone of bitcoin, which was advertised as ASIC resistant, now that ASICS are out that point is not valid anymore. Doesn't have any other functions bitcoin hasn't or can't implement. As for DRK, DRK had a huge premine and is not truly anonymous. Maybe some other members can elaborate a bit more on this? I remain a little bit puzzled why you seem to want to continuously get your Monero book digs in - when in reality BTC is the ONLY "real" game in town.
Monero is the first alt (okay some said LTC a year ago..) that functions as a hedge to Bitcoin. Same as Bitcoin is a hedge to paper assets. Gold is a hedge to all. This is very precious, to find an asset that has good positive EV and is a hedge. Everyone who has BTC does a pareto-improvement move by buying XMR, with 0.25%-5% of the holdings. This has nothing to do with taking a position, it is a slam dunk move if you invest professionally. Monero is quite a bit more than merely a hedge though. It holds a separate non-trivial innovation track that is not developed in Bitcoin. Agree on this, privacy is a big niche to be filled. Personally I think darkmarkets will change to XMR in the future if it has more liquidity. In Casino, the games of chance are also games of -EV. Now imagine that you could play a simple dice with the following payout table, but the play is limited to one round:
4-6: pay back 10:1
2-3: no effect
1: lose your bet.
How much would you bet?
Risto: I appreciate the scenario that you describe with the dice; however, I remain a little bit puzzled why you seem to want to continuously get your Monero book digs in - when in reality BTC is the ONLY "real" game in town. Maybe down the road this will change and Monero or some other Alt may come to play a fairly significant role in the crypto space.. ... In the mean time, a very large share of the investments (including mainstream investors) are going into BTC and this does NOT seem likely to change (or move over to another coin) for quite some time - at least several years the way that things seem to be currently going. Also, there is NO real fundamental flaws with BTC even though one or more of some of these other cryptos may have some features that would be difficult to have assimilated into BTC.In the end, I believe that the odds are greater than 50% that BTC will surpass $5k per BTC.... but it remains possible that it could take a few more years to get above that price level. I don't have exact numbers in my head at the moment (whether it is 60% or 75% or some other number) b/c I do believe that it remains difficult to place exact numbers on the probabilities when there are so many factors and so many actors. I suspect that it could take anywhere between 1 month and 2 years to move BTC prices to the next ATH..... and probably higher likelihood that such a move above previous ATH would take place within the next 6-9 months. What about the 1MB blocksize limit? It requires a hard fork to change it, while monero has a adaptive blocksize limit. |
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Ik werd zojuist door een vriend gewezen op deze coin. Helaas ben ik hier ook niet eerder op ingesprongen, ik lees veel reacties van mensen die hier goed aan hebben verdiend  . Iemand nog recente updates omtrent de coin? Verwachten jullie dat het nog de moeite is om in te stappen? Updates staan in de openingspost van monero zelf: https://bitcointalk.org/index.php?topic=583449.0 (onder missives). Hier staan ook de voordelen etc. die monero heeft ten opzichte van andere altcoins. Ik vind het zeker nog de moeite om in te stappen. Komen nog veel interessante dingen aan. Volgens mij stond ook in een van de topics dat het gewogen gemiddelde rond de 0.004 lag. Ook heeft deze coin nooit echt een pump gehad waar die 5 of 10x over de kop ging(all time high is 0.01 meen ik, plus is ook niet de bedoeling van de community). https://poloniex.com/exchange/btc_xmr hier is ook te zien dat sinds de coin op poloniex staat hij eigenlijk steeds tussen de 0.002 en 0.01 trade. Komt ook door de hoge inflatie die XMR op het moment heeft. Een van de voordelen van XMR vind ik ook het trade volume, dat elke dag wel rond de 200k komt. Hierdoor is het gemakkelijk grotere aantallen te kopen zonder echt de markt te bewegen. Al met al vind ik dit een van de betere altcoins, maar als ik jou was zou ik het topic eerst goed doorlezen voordat je zelf gaat investeren. EDIT: Als je vrienden OTC hebben gekocht of vroeg gemined hebben ze natuurlijk wel goed geprofiteerd |
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XRP pump!
Together with dogecoin  Volume is greater than litecoin's.. |
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I've thrown out the concept of Second Mover Advantage several times. Maybe it isn't (won't be) Monero but the idea that no coin can or should replace Bitcoin is not sensible.
If truth is that Bitcoin's demise with its $8,000,000,000 market cap will boost Monero with its $6,000,000 market cap, and Bitcoin's stellar growth will lead to Monero's exchange rate going down vs. Bitcoin, then Bitcoin's welfare is not in Monero's best interests. In practice, very few own more XMR than BTC by value. Especially the largest holders of XMR invariably own more BTC. This means that the majority of moneros are in the hands that would rather see Bitcoin flourishing (even if it means that XMR goes down), and therefore the Monero community is supporting Bitcoin. Monero can be regarded as a hedge to Bitcoin. Responding to the bold part, did you see what happened with the ltc/btc rate when bitcoin went stellar at the end of 2013? It multiplied like 5 times. Don't you see that as a possebillity for monero? Personally I see monero as a hedge, but also as a complement to bitcoin. Technically I said "If truth is that - -", which means that on the condition that A is true, then B. Typical tautology. I believe A to be true, but it is possible that the history will repeat and in this case XMR rise at the apex of the BTC bubble. Thanks for elaborating, we will see what the future holds. I've thrown out the concept of Second Mover Advantage several times. Maybe it isn't (won't be) Monero but the idea that no coin can or should replace Bitcoin is not sensible.
If truth is that Bitcoin's demise with its $8,000,000,000 market cap will boost Monero with its $6,000,000 market cap, and Bitcoin's stellar growth will lead to Monero's exchange rate going down vs. Bitcoin, then Bitcoin's welfare is not in Monero's best interests. In practice, very few own more XMR than BTC by value. Especially the largest holders of XMR invariably own more BTC. This means that the majority of moneros are in the hands that would rather see Bitcoin flourishing (even if it means that XMR goes down), and therefore the Monero community is supporting Bitcoin. Monero can be regarded as a hedge to Bitcoin. Responding to the bold part, did you see what happened with the ltc/btc rate when bitcoin went stellar at the end of 2013? It multiplied like 5 times. Don't you see that as a possebillity for monero? Personally I see monero as a hedge, but also as a complement to bitcoin. Not just Litecoin. Many alts spiked with respect to XBT during the last XBT/USD boom. They included among others Namecoin, Peercoin, Anoncoin and even Freicoin! From this perspective XMR can be considered a leveraged play, with limited downside risk, on XBT. Edit: The release of Dogecoin right at the peak of the XBT/USD boom is likely the primary reason for the brutal bear market in Dogecoin since its release. True that, doge started falling (price-wise) on the beginning on february. If I recall correctly that was when we dropped from 750-800. Charts here: http://coinmarketcap.com/currencies/dogecoin/ |
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What is happening with this coin right now? I'm never seen the price this low. I want to invest but why are people selling?
Monero, Boolberry and Bytecoin are being dumped for Stealthcoin. It doesn't have the bloat. 1. Who says people are dumping? Could also be miners just selling to keep up with their cost (because of the high inflation rate monero has). 2. Would you rather have bloating and be truly anonymous or the other way around? i'd call it panic selling myself, but hey, just my opinion.... btw - smooth, taco, flufffy... some shill on poloniex's trollbox is claiming that you all "Worship" cryptozoidberg, spreading fud and about how BBR is better, and that he's the "Best anon dev" on the planet and that you guys worship him... can you touch on your overall feelings about the lone BBR dev at all? I don't see why both coins cannot peacefully co-exist, but the fud is annoying. thanks again. Probably just a bit of both, but that's common in a downtrend, same for panic buying in an uptrend. Btw: don't forget to vote here! http://www.btc38.com/trade/vote_for_trade_en.html |
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I've thrown out the concept of Second Mover Advantage several times. Maybe it isn't (won't be) Monero but the idea that no coin can or should replace Bitcoin is not sensible.
If truth is that Bitcoin's demise with its $8,000,000,000 market cap will boost Monero with its $6,000,000 market cap, and Bitcoin's stellar growth will lead to Monero's exchange rate going down vs. Bitcoin, then Bitcoin's welfare is not in Monero's best interests. In practice, very few own more XMR than BTC by value. Especially the largest holders of XMR invariably own more BTC. This means that the majority of moneros are in the hands that would rather see Bitcoin flourishing (even if it means that XMR goes down), and therefore the Monero community is supporting Bitcoin. Monero can be regarded as a hedge to Bitcoin. Responding to the bold part, did you see what happened with the ltc/btc rate when bitcoin went stellar at the end of 2013? It multiplied like 5 times. Don't you see that as a possebillity for monero? Personally I see monero as a hedge, but also as a complement to bitcoin. |
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What is happening with this coin right now? I'm never seen the price this low. I want to invest but why are people selling?
Monero, Boolberry and Bytecoin are being dumped for Stealthcoin. It doesn't have the bloat. 1. Who says people are dumping? Could also be miners just selling to keep up with their cost (because of the high inflation rate monero has). 2. Would you rather have bloating and be truly anonymous or the other way around? |
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Ok, stopped right out of the gate! Downloaded wallet from " http://monero.cc/downloads/monero.win.x64.latest.zip" and it is infected and not with false positives we are used to seeing. VirusTotal shows the following infections in this wallet.......... 1. Hacktool.Win64.Agent.ALn 2. not-a-virus:RiskTool.Win64.Agent.x 3. Trj/Chgt.F Funny it said the file was previously scanned and was completely clean, I told it to rescan and this is what it came up with. Not risking this one being fake. Holy crap......just scanned the CPU miner and it is LOADED as well. I am sure many are false positives but this was found to have over 21 viruses, numerous Trojans.
With all the crap out there these days, this is enough to scare me off this coin. I am used to seeing some false positives here and there due to miners but this is too steep for my risk levels.
Any devs got a command on this? Probably just FUD'ing, but would be okay for lurkers to read a statement about this. |
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Seems like the breakout of a few days ago was just a false one and we're back to the downtrend. Large dumping also today.
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^^ This. Looks like that big buy was no whale accumulator, but a/many shorter(s) closing their positions for low slippage. Potentailly bearish in reality as 11k was waaay too high for the market to make any significant move down. Now at 5.5k, there are not enough shorts to squeeze IMO. What does this mean? I am not very familiar with the technical terms... Normally when you market buy 3-4k, you get a slippage of a few %. For example if the price is 460, but there is only 4k coins to 500, you get a slippage of around 8%. When there is a wall at 470, you only get a slippage of a few %. I hope this is clear for you now. Maybe some traders could elaborate this a bit more. |
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Let me know if you think it's a good idea that MEW set up a Monero Forum?
IMO yes but not yet, XMR is too young and it needs the visibility it receives here to attract more users, especially when the next wave of new blood arrives during the next BTC uptrend. I suggest, when opening a monero forum, to leave this threads open to help the "newbies" setting up and answering their questions. |
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Let me know if you think it's a good idea that MEW set up a Monero Forum?
I think it's a good idea! With all the threads here on bitcointalk it's getting a bit cluttered. |
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As a newbie to XMR, I have a couple questions I was wondering if anyone could give their opinion on.
1. Is there a practical difference between using Polo and HitBTC? I don't plan on being a very high frequency trader; I'm mostly in this for the long run. I just want to make a big initial purchase and then adjust sporadically with buys or sells. Is there for me any benefit in choosing one over the other?
2. What are, in your opinion, the mid/long term prospects for XMR? I agree with TheKoziTwo's opinion on stability, but what are your hunches about what will happen in the coming months, especially when/if the .005 sell wall is broken. Like I said before, I'm trying to minimize risk and so I will be trading low freq, and of course at the same time I will be investing in XMR for a future where I can realistically use it for real-world purposes like I'm using BTC today.
Thanks.
1. Never traded on hitbtc before, so can't say much about that. But looking at both exchanges, if you want to make a big initial purchase I would personally choose for poloniex, because they have more liquidity and volume. 2. I think other members can answer this better, but we have a lot of great things comming up. Like the official GUI wallet, the MEW and I expect that cryptsy and btc38 will add monero also. Would be good for their profit looking at monero's trade volume. All time weighted average is 0.0042 IIRC, so anywhere between 0.004 and 0.005 would be a good buy I think. Just do your due dilligence first before investing. Doesn't matter if your initial purchase is a bit more expensive (because you do need time to do you DD), but you will be more confident with your investment. Maybe some other members can add a little bit to this? PS: If you're going to buy a considerable amount, consider joining this: https://bitcointalk.org/index.php?topic=776479.0 (MEW) |
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Probably just to lazy to get trough all the work adding a coin with a different code. Most coins added there are just clones.. But would be nice if we get added there! |
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