Yep I'm back in the market and it feels good. Taking some profits from another successful venture and plowing them into monero.

Is anyone else seeing this? https://www.binance.com/tradeDetail.html?symbol=IOTA_BTC Holy mother of support walls. Someone just put in a 400,000 buy order not at some far off price but at the current price. If this dude is serious I think we are about to see a trend reversal. Hold onto your butts boys.

Oh hell yes. I am totally going to run that in the back ground for as long as it doesn't cause me any noticeable inconvenience.

*Edit* The the ability to control the throttle and the number of threads I can just adjust it if its causing inconvenience. What a cool service!

Monero will almost certainly be made illegal in many countries in the future and it will probably negatively effect the price. However, this probably will not happen until after the price rises significantly first.

Go here and find a better node to connect to. I like one with a little bit of load but not so much that it isn't still rated a 10. Rattach and promote with using the new node.

Looking at hitbtc which has the highest volume right now it looks like it would be a very big order even over there. There are a few orders that size at really low prices. You know people just dreaming. But nothing like that anywhere near the margin.

Maybe the prospect of liquidity attracts a certain type of seller?

I'll leave it to you guys to see if you can make anything useful of it. I just thought it was interesting.

Too funny!

Look at this 1200 monero buy order on binance. https://www.binance.com/tradeDetail.html?symbol=XMR_BTC It completely dominates the orderbook. I've been hanging out on binance for a while and this is the fist time I've seen anything quite like it.

What about bitsquare?

This was one of the most exciting projects in the bitcoin space a couple of years ago then it just died. http://www.othercoin.com/OtherCoin.pdf


I haven't heard anyone talk about it in ages. I think it was a little before it's time. Bitcoin hadn't run into its scaling issues yet and hadn't become generally well known yet either. But maybe it's time has come?

FP specifically has put forward the idea of attacking scaling at all levels and it seems to me that this is a potentially very practical and powerful scaling vector. Additionally it would make many of moneros transactions entirely off chain. This has great implications for privacy. With our funding model we could probably raise the funds necessary to fund the development of some sort of open source application specific hardware device for this sort of thing if a knowledgeable hardware guy were to avail himself.

Mostly I just thought it would be cool if I could kick off a discussion about this proposal. Get it back in the public consciousness. More specifically into the Monero community consciousness. What are your thoughts dear reader?

Congrats. Now can you make it to legendary?

*edit* I forgot about the "hero member" designation in between. A while to go yet I suppose

I am interested in buying monero in bulk off exchange so that I don't push the price around. If anyone is interested in selling whisper me.

Also if anyone knows of a thread that is intended for this purpose please do tell.

I mean that one can not determine the identity of the sender or the receiver or the amount that was sent.

Sender, amount and receiver are all opaque. This is not an implication that is spun out of the idea that senders are obfuscated but actually a separate technology. Ring signatures are used to obfuscate senders while one time addresses anonymize receivers.

How to get rich as a "public servent": Place leveraged short. Announce phony ban. Place leveraged long positions. Rescind the aforementioned announcement. Rake profits into Monero so no one will ever be the wiser. Retire early.

Thanks for the advice.

*edit* wow confirmed first try after switching to healthier node!

What are the best practices regarding reattaching and rebroadcasting? I have been waiting about 2 hours between reattaching and promoting but just cant seem to get this particular transaction to confirm.

The first instance I have seen of the exploitation of the vulnerability that sub-addresses is intended to fix. We can't get sub addresses soon enough.

There are no straight paths to the moon.

There is a big focus on the privacy and the features but I think this is actually one of the coolest and most over-looked aspects of this project. It was done to avoid the sort of governance gridlock problems that bitcoin has. It was pretty experimental at the time but so far it's working really well. Monero is actually adaptable. We used to have a block time of 1 minute. But after collecting actual real world data over a period of time it was determined that this was too fast. No problem for monero. The switch to 2 minute blocks went off without a hitch. Can you imagine doing that with bitcoin? And that's a pretty superficial example. Big changes too like Ring-CT and bulletproofs and maybe sidechains someday are also no problem.