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This company. Oh my god this company is so great. These guys could have just been fly by night hacks when they were taking bitcoin early on. But they turned out to be so very very legit. Thanks so much for everything. This latest update in particular is so exciting!
I actually bought 2 more trezors just because what they hey, I'll have a separate one for monero, a separate one for internet security, and a separate on for bitcoin. Really I probably bought 2 more just cant stop nerding out over this first one every single day, and there were 2 more colors I didn't have damn it!
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I can't post a chart right now, but XMR is looking bullish as hell ATM. We might be looking at another leg up tonight.
So hard not to buy more. Must resist. Wife would kill me. Must resist. |
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This is silly. Why would you need another factor of authentication besides trezor? |
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so ETC finished now? Dropped to 185k sats... will this one ever see a XMR type of pump? Dropping from 650k to 500k then 400k, 2 weeks ago 300k, last week 250k, now below 200k... what is next? 0 sats?
This project probably will not succeed on it's own. You guys are going to have to get out there and make the case. You are going to have to explain to everyone who will listen how this project represents a principle and a legal precedent so much greater than a single hack or individual hacks that are bound to happen. I really hope it doesn't die. I loved the idea of ethereum. That idea is dead on the fork chain that everyone is blindly following. And its just a tiny little flame against the cold cold world here. |
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Transferring many inputs costs more but a fee of 1.26 is rather large. The 175 coins must of consisted of many inputs. The greater the mixin selected also increases the fee but I believe not by too much.
I took most of my coins out of 2 MyMonero accounts with each transfer consisting of 15 to 20 inputs resulting in a fee of ~0.15 for each of the 2 transfers and I thought that was a lot. mixin was 6
Monero users are strongly incented to use a single wallet over a long period of time while never drawing it down too low. You should try to avoid "scraping the bottom of the barrel" so to speak. Those small inputs that become a liability when ever you are trying to scrape them togather to form a large transaction are actually an asset when used in a wallet with more funds. They help you find efficient ways to make the change that you need to make a payment. Think of it like coins irl. It's a pain in the ass when you are trying to pay for an entire meal with it but helpful when used in conjunction will bills to make proper change. |
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The gui thing is actually starting to become a big deal now. Previously almost everyone in the community was comfortable with CLI and we had no need to rush adoption so it didnt really matter very much. But now as we see slightly wider spread adoption, more people who are not comfortable with CLI are coming into the space. The problem here is that this probably means people are keeping WAY too many monero on the exchange. Making it a very ripe target for attack. A lot of people might get burned because of this.
While of course the GUI will be nice, and an added bonus, I don't think it's that big of a deal. Consider the following three broad categories: Early adopters - (you covered this already, but anyways  ) while the gui will be some icing on the cake, I would say most of us are comfortable enough with the command line. Also, we're already in; we may provide support in the event of a price drop, and liquidity as the price rises, but you will not see significant growth from this group at this point (assuming we've all entered long ago and are happy with our respective positions) Speculators: these guys pretty much need to keep their coins on exchange anyways; whether they are loaning coins, borrowing coins, making a market through open bid and ask positions, etc. DNM users: typically they would be holding relatively small amounts for short periods of time. I think Shapeshift and MyMonero are sufficient for this use case. Or, even easier and more important than a GUI, if there were a fiat/xmr exchange that they can use to simply buy Monero and transfer direct to the online merchant... I think this analysis completely ignores a broad new swath of users. Future historians my find them to still be very early indeed, but lets call them, for lack of a better term, late adopters. This is the group my post was concerned with. But I guess the whole post is moot. It looks like we are getting our gui sometime within the next 2 weeks or so . I was never one of those people who was gui obsessed but I'm certainly excited about its impending arrival. |
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The gui thing is actually starting to become a big deal now. Previously almost everyone in the community was comfortable with CLI and we had no need to rush adoption so it didnt really matter very much. But now as we see slightly wider spread adoption, more people who are not comfortable with CLI are coming into the space. The problem here is that this probably means people are keeping WAY too many monero on the exchange. Making it a very ripe target for attack. A lot of people might get burned because of this.
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TLDR: Just read the bold bits
You know I don't how if anyone has considered this but monero should scale better than bitcoin even if bitcoins block size increased dynamically because mining centralization wouldn't have as negative of an impact on our project than it would bitcoin. That is to say, we can afford more centralization because mining centralization has a lower cost for us.
I mean what are the fears associated with centralization of miners. What are the reasons to be concerned about this. The main one. What you might call the marginal concern because its the one that matters before any others do, is transaction censorship. So suppose miners become centralized enough to censor some transactions, which would the censor!? Miners would have no idea which transactions were the bad sort.
Can someone twitter/social media that argument for me. Maybe get it retweeted by a majestic wild twitter pony. I would but I revile social media and so dont have any twitters or facebooks. |
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TLDR: Just read the bold bits
You know I don't how if anyone has considered this but monero should scale better than bitcoin even if bitcoins block size increased dynamically because mining centralization wouldn't have as negative of an impact on our project than it would bitcoin. That is to say, we can afford more centralization because mining centralization has a lower cost for us.
I mean what are the fears associated with centralization of miners. What are the reasons to be concerned about this. The main one. What you might call the marginal concern because its the one that matters before any others do, is transaction censorship. So suppose miners become centralized enough to censor some transactions, which would the censor!? Miners would have no idea which transactions were the bad sort.
Can someone twitter/social media that argument for me. Maybe get it retweeted by a majestic wild twitter pony. I would but I revile social media and so dont have any twitters or facebooks. |
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there were times when the dips were obvious and if I made moves instead of sitting and watching I could have had 2-3X more bitcoin than I have now.
Or you could have a lot less. It all would have depended on your timings. Hindsight is always so clear, don't assume your foresight would have been so clear. |
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I dumped half of my XMR last night at .0140 because I was convinced it would struggle to go up and have a mini-crash / correction.... but this morning its now at .0155 ....UGH! Still uncertain whether it'll rise or fall from this point. What do you guys think??  It's any mans guess rise or fall. Here's your analysis, 50/50. But I'll tell you this. I would rather get burned the one way than the other. I would rather lose a few thousand dollars than miss the chance of a lifetime. But that's just me. |
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Is XMR's rise too much, too soon? It would have been better if the rise was slow ...
That's the nature of the animal. Wishing won't change that. Price was too low, so it had to go up. There were 2.5 years to bid it up, but no one could be bothered. It will happen again and again. As with bitcoin, so with Monero, only faster. Much faster. Never can quite decide if you are a visionary or a very wishful dreamer. The day monero hits 10% of bitcoins value I will be entirely convinced it is the former. From that day forward I will want to hear everything you have to say  |
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TLDR: Just read the bold bits You know I don't how if anyone has considered this but monero should scale better than bitcoin even if bitcoins block size increased dynamically because mining centralization wouldn't have as negative of an impact on our project than it would bitcoin. That is to say, we can afford more centralization because mining centralization has a lower cost for us. I mean what are the fears associated with centralization of miners. What are the reasons to be concerned about this. The main one. What you might call the marginal concern because its the one that matters before any others do, is transaction censorship. So suppose miners become centralized enough to censor some transactions, which would the censor!? Miners would have no idea which transactions were the bad sort.Has anyone written anything on this already. I might turn it into a short essay. *edit* Who am I kidding. No one wants to read essays anymore. Can someone just twitter that argument for me. Maybe get it retweeted by a majestic wild twitter pony. I would but I revile social media and so dont have any twitters or facebooks. |
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Please help:(
My mother who doesnt know how to use monero very well wanted to exchange monero to bitcoin but instead of doing it correctly through an exchange site, she put the bitcoin wallet address into the monero send address so she basically sent monero to a bitcoin address within her monero account which means the bitcoin address was recognised as a monero address...
Is there any way the coins can be recovered with the transaction ID from the overview page?
Thanks so much for helping in advance!!!!!
This... shouldn't be possible... I told her explicitly not to do it I have no idea how the heck she pulled that off  but she told me she put the address of the bitcoin wallet to the send address of the monero account and the balance of monero went down... what could have happened there ? is there anyway to recover the sent coins or is there any way to recover sent coins with monero? What did she send with ?Simple wallet? mymoneo? The address types are so different It isn't possible. She used mymonero. I am in shock right now.  Your story sounds far out but I'll act in good faith. Look there is no way the monery left her private key. Start with re-scanning the blockchain on mymonero. If that doesn't work well have to figure out how to derive a spend key from the mymonero seed and import that into simplewallet. The funds aren't gone because they couldn't have gone to a bitcoin address. Heck they don't even start with the same prefix. Bitcoin addresses begin with 1 and monero addresses begin with 4. |
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Please help:(
My mother who doesnt know how to use monero very well wanted to exchange monero to bitcoin but instead of doing it correctly through an exchange site, she put the bitcoin wallet address into the monero send address so she basically sent monero to a bitcoin address within her monero account which means the bitcoin address was recognised as a monero address...
Is there any way the coins can be recovered with the transaction ID from the overview page?
Thanks so much for helping in advance!!!!!
This... shouldn't be possible... |
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Looks like I might risk cutting my paw on the knife again tonight.
catching a falling knife > buying with the herd at the top |
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Gosh, what happened?
The inevitable. There will be corrections. |
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Go forth and bare witness.
I think you mean "bear witness"....bear as in "carry". https://en.wiktionary.org/wiki/bear_witnessYou guys have moral high ground in every imaginable way. Infinitely higher.
Amen. Hey, Anon, are you the guy that sent me an 11 oz silver ingot when I bought some of your silver assets back in the NXT days? Did you do lot of silver ingot pours? Woah! You have one of my pours? That's so random and cool. No I didn't end up doing very many. The service never really took off. A few random people have some. I have a few left. And my daughter has the best one I ever produced. |
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I think you mean "bear witness"....bear as in "carry".
I was so sure "bear" was the way it was supposed to be. That's the way I typed it first. Then google auto fill mislead me. Ill go and fix it. |
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