Sick. Do leave me a thoughts and impressions after you get it. |
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XMR went from $25M to close to roughly $60M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.
There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.
I like Monero though and hold some but the two should definitely reach parity again at some point.
The DHS awarded Factom $199K and the Wall Street firm in question is a Florida-based startup with $500K in seed funding. Sure we can abstract away and add gravitas by calling it 'US government' and 'Wall Street', but the details matter. After all, Monero's rise was due to the largest DNM adopting it, not merely any DNM. What is it just like storing merkle tree hashes of your company data in the blockchain? From a cursory glance that's what it looks like. They need 700k in seed funding for that? |
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Time to buy XMR?
I hope it's not another pump and dump coin.
Srsly it isn't. That doesn't mean it will succeed. But its not a pump and dump coin. Read the white paper. Its legit innovative tech. Never before seen. Its not even built on bitcoin codebase. Completely new code from the ground up. Who would do that just for a pump and dump? So much easier to clone btc if its just to pump and dump. is new code but also it use some bitcoin tech right? - like similiar idea - satoshi is a good contribute to cryptonote or could cryptonote be here with no satoshi? This is correct. Cryptonote would surely not exist without satoshi. Hail his high holyness. |
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Time to buy XMR?
I hope it's not another pump and dump coin.
Srsly it isn't. That doesn't mean it will succeed. But its not a pump and dump coin. Read the white paper. Its legit innovative tech. Never before seen. Its not even built on bitcoin codebase. Completely new code from the ground up. Who would do that just for a pump and dump? So much easier to clone btc if its just to pump and dump. |
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When I recover a old wallet into a new wallet does the "seed phrase" change ?
Are you just running simplewallet in the command prompt / terminal with the argument --restore-deterministic-wallet? If so than yea I noticed that strange little quirk where it gave me a new mnemonic seed different from the one I entered. I just ignored it. No, unless you actually use the "transfer" command your monero is still and will remain on the original "seed phrase". |
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Now mining only 13 blocks on average per day, with the new diff increase i'll be lucky if i do 10...
What kinda hardware do you do that with? I have a gtx 980. I wonder if I could ever get any blocks with that. A 1m usd company server cluster. You will need at least 500 gtx 980 cards to hash at 410KH/s. Mining monero would not be profitable even if the price went up x10. Thanks! Dont happen to have any 1m usd server clusters lying around by any chance do you? Ill take one if you have an extra. He is ofcourse lying about his mining and of how profitable mining is. Mining was very profitable when price was halved. Now is super profitable. But for sure miners will join with time. Anyone have any idea how much kh/s I might get out of a gtx 980? |
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Ugh, that's pretty bad...  Or you know if someone wants to toss me the privileges over there I'll do it when ever I see it. I'm anon136 over there just the same as here. |
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Now mining only 13 blocks on average per day, with the new diff increase i'll be lucky if i do 10...
What kinda hardware do you do that with? I have a gtx 980. I wonder if I could ever get any blocks with that. A 1m usd company server cluster. You will need at least 500 gtx 980 cards to hash at 410KH/s. Mining monero would not be profitable even if the price went up x10. Thanks! Dont happen to have any 1m usd server clusters lying around by any chance do you? Ill take one if you have an extra. |
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Really cool but it might still be better to go with a trezor unless you are knowledgable on how to and prepared to a) produce a freshly formatted linux box b) manually prepare a signed transaction offline c) transport the signed transaction to an online machine and broacast d) format and scrub the memory on the linux box Yes this is overkill security. But so is the thing you liked so I assume you are into overkill security. But i mean dont let me stop you. That thing looks awesome. Just thinking a trezor might be easier is all. Trezor support XMR? - Is waterproof (device i link is water resistant)? - does show you your "secret phrase"? on trezor screen? how to recover lost moneros on trezor. Many questions answered here: http://weuse.cash/2016/03/07/trezor-for-monero-first-impressions/Also this: https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testingYou do need to store a paper backup. Maybe that defeats the purpose for you. It is generally not advised to store private keys exclusively on digital media though. Due to bit-rot. If you are really adversed to storing on paper media tough than maybe this devise is perfect and better for your needs than trezor. I mostly just wanted to make you aware of the monero trezor project since it seemed close enough to what you were talking about that you might be interested. |
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Simple miner --help returns: Allowed options:
--help Produce help message
--pool-addr arg
--login arg
--pass arg What do I do if I don't want to use a pool? |
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Now mining only 13 blocks on average per day, with the new diff increase i'll be lucky if i do 10...
What kinda hardware do you do that with? I have a gtx 980. I wonder if I could ever get any blocks with that. |
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If the DAO hack gets laundered through XMR, it will establish a major precedent, and XMR will subsequently attract vast funds, as well as intense political pressure. Expect huge volatility, along with a massive long term upward price pressure in that case.
Personally, I would not choose XMR if I were the DAO hacker, except as a long term investment. I would move about half of my value into XMR cold storage, mix the rest as btc, and buy stolen gold and shelf-stable drugs on AlphaBay with BTC.
50% -> monero 50% -> monero -> clean bitcoin -> non stolen gold IMO |
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Really cool but it might still be better to go with a trezor unless you are knowledgable on how to and prepared to a) produce a freshly formatted linux box b) manually prepare a signed transaction offline c) transport the signed transaction to an online machine and broacast d) format and scrub the memory on the linux box Yes this is overkill security. But so is the thing you liked so I assume you are into overkill security. But i mean dont let me stop you. That thing looks awesome. Just thinking a trezor might be easier is all. |
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Official sold LISK for XMR. Hello Team!
will only 5000 XMR be ok for me? - or will i be a poor man in my future? what is a "good amount" of this coin to hold?
I will be still learning from all of you thank you!!!!!!!!!!!
How many people hold over 10K coin of this?
how many people hold 5k ? -- if you have to make guess? I know there is no richlist so if any veteran XMR member can give me opinion
Well I'm not going to tell you how much I hold but here is a way to think about it. Bitcoin will top out at ~20 million and monero will top out at ~30 million. So if we normalized for percentage of total money supply what you have right now is a portion of the monero currency supply that would be the same as having 3333.33 bitcoin. Would you be happy with that amount of bitcoin? |
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Do you think pump is over?
Fool. It's not a pump. the train has left. And I'm one of the fools left at the station. It looks like you still have time to meet us at the next station if you take a taxi. Unfortunately taxis are much more expensive than trains but it will still get you there. Did I take the analogies too far?  |
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Yes most of blockchain was made in first few months and now barely adds anything. So i doubt is any significant difference then was 6 months ago.
I have it 8.6 GB, synced about a month ago.
Its ~9.22 at the moment. |
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I'm curious how a currency like XMR is allowed to trade on Polo. How can they comply with KYC and AML given the fundamentals of XMR?
Western union accepts cash. |
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Yeh, even with 10 number PIN it would take a few minutes max, so I guess that's completely useless  (again the device adds big exponentially increasing delay upon every failed PIN, so works fine for that.) I don't think this sort of thing is linear. Sure it only takes a few minutes to crack the pin alone. Lets say for the sake of argument that it takes 5 minutes. Now imagine that you have a password that takes one week to crack. If you add the pin too that. It doesnt now take 1 week + 5 minutes. The added pin would make it take much longer than that. Idk the actual maths well enough to make a model. But supposing the original password took 1 week to crack (with a given machine) and you added an 8 digit pin to the end of it, that should push it way out side of the range of feasibility for the attacker using the same brute forcing hardware. |
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Yeh, seed + keylogger is probably the biggest risk. I think PIN would be somewhat easy to brute-force if it were 25th word (compared to passphrase), but too lazy to do the math. I can still see it could be an advantage for advanced users though (since keylogger is less effective in that situation.)
Alternatively if the trezor could hold the 25th word in memory just like it does the 24 before it that would be awesome. (or you know the deterministic value that is derived from the seed). Just not writing down the last four words anywhere and remembering just those four is basically this but with the caviat that you have to memorize a new password rather than one you already have committed to memory. But yea having the pin as a 25th or 26th or w/e word certainly couldnt hurt even if it wasnt enough on its own. Maybe both. The pin as an extra word plus the ability to have a password that you need for recovery but not for day to day use entering in on mytrezor.com |
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