Monero has activated the fork to counter the ASIC miners but it looks like they have split into four different projects with this fork, i am not even sure what the price would be in those coins and i am even sure bitmain is behind one of the coins and i am not sure how this thing end up. Either way waiting for more news and what i find is that two coins namely Monero-Classic (XMC) and Monero Classic are from Asian countries but not sure about the other two according to bitcoinmagazine . To quote myself: If no-one puts forth their IRL persona to support any forks (i.e. the monero classic et al. shitspew) then you know it is a scam. Show your face or you're nothing but scammers. No one has, so..scammers. Don't support this and don't transact on the chains - you might lose out on some quick money, but you will pay dearly over the long run. |
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If no-one puts forth their IRL persona to support any forks (i.e. the monero classic et al. shitspew) then you know it is a scam. Show your face or you're nothing but scammers. No one has, so..scammers.
Don't support this and don't transact on the chains - you might lose out on some quick money, but you will pay dearly over the long run.
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Name me one charity that would be a good idea to support officially with monero and I'll do my best to say why it's a bad idea.
wikipedia  Name me one charity that would be a good idea to support officially with monero and I'll do my best to say why it's a bad idea.
http://softwarefreedom.org/No matter which charity there will always be some sort of political underpinning.
While in the strictest possible sense this is technically true. I don't think the conclusions follow. There are charity initiatives that *almost* everyone supports unanimously. The best example I can come up with right now is helping the communities affected by these hurricanes. You guys are proving my other point, which was that no matter what it will turn into a debacle. Add logical fallacies ad libitum ad naseum.. I'm not going to pick each one apart. It doesn't even matter if the criticism is valid or substantial - because then we just see the trolls emerge. The easiest is of course to support the project itself to the development fund. The work done to implement all your ideas is almost the same irregardless of where it's implemented. Might as well push it directly to charities instead. Don't open up attack vectors, when entirely not needed. goin2mars is probably right in realising that the people to implement this tech and those to approach are the ones already running all these ad-plugins and so forth. Even apps like firefox could implement this into their application so it's mining when open (even though it's already a resource hungry app). All those more hidden places (and probably many many many more) would likely make the network propel much more. It would also add liquidity to the market and probably also soak up a lot more coins (just by virtue of storing it and transferring it over short periods of time) which would have a positive effect on the exchange rate. |
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This is a good idea. getmonero.org could have a page on the site where people can choose to mine for a while for a certain charity. It would be a really good marketing stunt  getmonero.org should be setup to do this. It is an amazing idea. We could choose also some marketing active charities and inform them about it. It would improve the XMR image. Also donations to the development fund could be done on this way. Whilst I appreciate that the concept behind that type of mining and see the potential in micro transactions through this, then it is an entirely bad idea to do any charity-related thing through official monero sites - such as getmonero. Why? Because Monero is apolitical. No matter which charity there will always be some sort of political underpinning. What COULD be done is to do browser mining where all proceeds went to the monero foundation address instead - one could set it up when idle, and people could choose a cpu% or such. That would make it possible for people without technical know how or motivation to donate that way. Unrelated to the official monero sites someone with the ability to carry through could setup donation sites - with the use of monero of course. You do have a point but i think it is a bit splitting hairs here. What will happen imho if we do this is the following: 1) getmonero.org starts this and gets mentioned in many magazines 2) lots and lots of other sites copy the idea (of course one of the donations will be for themselves) 3) monero will be famous and then... 4) we decide to stop the mining 'experiment' because we want to be apolitical  You forgot: 1b) Potential debacle because the charity for purple kittens turns out to be a tax-evasion scheme, and the charity-donation for hungry african kids turns out to be going straight into the pocket of the tribe in power/government who repress the other tribes and use their poor hungry kids to fill their own pockets. 4b) ..and stopping it turned unsuccessful and furthermore energy was spent debating that "my charity is better than your charity". The skies are darkening, can you see the shitstorm coming? Not splitting hairs at all. That's the kind of thinking that will get you in a ETH short squeeze. Name me one charity that would be a good idea to support officially with monero and I'll do my best to say why it's a bad idea. |
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This is a good idea. getmonero.org could have a page on the site where people can choose to mine for a while for a certain charity. It would be a really good marketing stunt getmonero.org should be setup to do this. It is an amazing idea. We could choose also some marketing active charities and inform them about it. It would improve the XMR image. Also donations to the development fund could be done on this way. Whilst I appreciate that the concept behind that type of mining and see the potential in micro transactions through this, then it is an entirely bad idea to do any charity-related thing through official monero sites - such as getmonero. Why? Because Monero is apolitical. No matter which charity there will always be some sort of political underpinning. What COULD be done is to do browser mining where all proceeds went to the monero foundation address instead - one could set it up when idle, and people could choose a cpu% or such. That would make it possible for people without technical know how or motivation to donate that way. Unrelated to the official monero sites someone with the ability to carry through could setup donation sites - with the use of monero of course. |
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The price had a nice rebound from the low. Is $100 by Thanksgiving to early?
The price is just $10 at the moment. I do not think the price will go to $100 in a few weeks. It might be in a few years. Are you new in crypto or what? Crazier things have happened. And both up and down. |
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What do they gain from such an attack against Monero?
They do not learn anything about the transactions from mining, and how to determine what transactions to attack? The most they could do would be to mine empty blocks and delay transactions by two minutes or so.
This sort of attack is not effective verses block-chains where the transactions are private, not public.
In fact they could already be doing this, no one would know, because it wouldn't matter.
And comparing the hash rate of a CPU mined chain to an ASIC mined chain is a false comparison. You should know better, sir. FUD rejected.
If the majority of bitcoin wallets implemented ring-signatures and required the use of BIP47 addresses (aka stealth), then Bitcoin could stop worrying about this sort of thing also, but too many do not care about their privacy until after it is violated, (and they find out).
You must've skipped over the entire post, which considering your history of posting slap-dash pseudobabble, isn't surprising. It was a theoretical attack vector based on the farcical fabrications of an e-journalist that Monero is replacing Bitcoin somehow with darknet/black market transactions. Now follow very closely here, because I know attention to detail isn't your forte, but the amount of computing power (regardless of algorithm, my dear chum-filled chum) is TRIVIAL compared to what is needed for Bitcoin to execute an attack. That was the point. I know you're working it through your goldbergian-meatworks-of-a-frontal-lobe right now trying to make it twist to your reality, but that is the unvarnished truth of it. Go back to writing about your Bitcoin "religion", its more suited to your obfuscated and gordian-knot-like thinking skills. I don't think your point was missed. Everyone is aware that the hashing power and subsequently the cost of attacking the chain is much cheaper. It would just behoove to compare apples to apples. First of all it's not about the hashing power, it's about the cost of the hashing power, and thus the cost of the attack. Second of all, you could compare the price of the coin and attack to bitcoin when bitcoin had the same price or hashrate. (And btw. note that most of the DNM stuff is still denominated predominantly in btc) Thirdly, it was mentioned that the attack vector - though acknowledged as a genuine attack vector - would be moot in the application you're describing (snooping, transaction withholding etc.). Fourthly, it's doubtful an agency is going to blow a budget of now millions of $USD with the aim of maybe stopping some crimes they could solve better in other ways. Gaining more power? Perhaps, yes. But stopping/catching bad guys? Very doubtful. Very very doubtful. What kind of manager would approve a budget on now more than $100m (I haven't done any calcs, I just assume it's up there..) to do what exactly? I realise that there's golden toilets and nefarious dealings, sure, but how much normal detective work (which is FAR MORE effective) could you deploy for the same budget? Fifthly, as we have seen, as the currency grows, so does the hashrate. In late 2010 the hashrate is comparable to monero's today. Look how fast the bitcoin hashrate grew from there on. There are many other attack vectors and reasons for them, and a large number of reasons why the whole project could fail. The reasons for this attack vector just seems implausible. Then again, more implausible things have happened. |
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I buy the XMR with an expensive price  HODL I still don't have idea why people buy when the coin reach the Euphoria... noobs... Yeap, now hold for a year or two, still have potential. LOL.. C'mon... a year or two? That's a bit pessimistic, IMO, but hey we all have our thoughts as to what will happen.  I buy the XMR with an expensive price I have also bought some in very high price like 0.023 to 0.0215 and now panic after seeing so much dump. But i think if i don't sell i will not loss any so basically waiting for another good pump so that i can sell mine at even higher price than i have bought at. Same here. No problem with me, I don't constantly watch the price anymore, I'm over it. The coin has a future, whether or not you believe in it. Monero are now looking like this   Yeap, wait a year or two  So you're saying we're in the "Hope" phase? |
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When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.
1. I'd be way too rich if that happens 2. I'm not making bearish posts It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.
I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.
Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm +1 As somewhat monero (quiet) supporter almost from the begining, I really appreciate your posts here to temper the somewhat over-enthousiast tone. In the beginning of the thread I was being called out for "trolling against Monero" https://bitcointalk.org/index.php?topic=753252.msg8506015#msg8506015 . I'm extremely positive about Monero (only crypto I hold next to Bitcoin. in total I only ever held 4 different cryptos (PPC and LTC are the others)). I was just calling out that even Monero is pseudo-anonymous (although vastly better than Bitcoin) and that theoretically zo-proof theorems are superior (although there isn't yet a practical way to initialize in a trust-less manner). It happens when people get over enthusiastic and overly attacked by retards. They start to think that every counter argument is bad. That doesn't really count when you see who the poster who replied to you was.  |
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I'm a bit afraid that the dev team made their cash and are not so much in business to develope the GUI.
I mean i could do this with java in 2 days. I dont unterstand whats their problem here...they have had now 2 years.
Another problem is that people get used to something. Look like whatsapp or facebook. They are used to use Bitcoin. As long that dealers on DN doesnt give discount its hard to make the people switch to XMR. Moreover the volatility atm is not so good for the coin. Dealers could loose 15% in 2 days. Thats not less.
But still, XMR is superior from every view. Only the people around/behind it are sometimes the problem.
So solve this:
GUI
Make XMR to a prefered currency
Alphabay did its job, now its on the people.
That is the EXACT opposite. |
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Can we start a fund to raise capital for a full time developer or two perhaps?
I think that's a good idea but it's one that would probably be better voiced within the reddit subreddit. The forum on getmonero.org has a fantastic funding system. Several developers has been paid through this. So far notably moneromoo and also the GUI development etc. I've donated a (probably too small) amount to the GUI fund effort from several months ago, but I wonder... What does everyone think about some small amount per transaction being paid directly to the developers of the wallet? Monero transaction already have pretty heavy fees, (didn't used to be a big deal, but last time I saw 0.2 fee for polo withdraw and I never noticed it before because, well, you would be transferring thousands at a time. Most recently I noticed and thought, "hey, that's like 2 bucks" ) I think it would be acceptable, perhaps preferable, if there were a 0.01 transaction fee tacked on to each and every transaction to be paid to the developer(s) - Labor of love and altruistic behavior is nice, but the people that contribute should be rewarded, greatly. *edit for thoughts of transacting fees* = I think the relatively large transaction fees (in relation to bitcoin fees) plus the tail end issuance makes Monero a much better candidate to maintain sustainable security of the blockchain over a longer term. --- side question: does Monero offer opp codes or some other method of embedding data or hashes of data? I'm wondering now if Monero might be actually more immutable than bitcoin over the longer term, like 20 plus years... First of all, the funds from the forum system is only released after work well done. Secondly when "smart-mining" arrives it is supposed to incorporate an easy setting to choose if you want to mine to the dev address or your own. Thirdly, the transaction-fee needs to adjust in accordance to XMR buying power, and needs to do so automatically - no arbitrary changes as it is now, but I don't think anyone has any concrete ideas as of now. http://monero.stackexchange.com/questions/1246/how-does-moneros-transaction-fees-change-according-to-price |
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Can we start a fund to raise capital for a full time developer or two perhaps?
I think that's a good idea but it's one that would probably be better voiced within the reddit subreddit. The forum on getmonero.org has a fantastic funding system. Several developers has been paid through this. So far notably moneromoo and also the GUI development etc. |
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The influx would be several magnitudes below the nominal market cap increase.
IIRC someone did a calc to the effect that $1 inflow moved cap by ~$10 during one or another of the btc bubbles. Anyhow, what moves btc cap by 600 could move XMR cap by 600. I'd find that amusing. Rpietila did some I remember. |
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There has been an influx of 600.000.000 fresh $ to the crypto market within the past days.  The entry door is very likely through Bitcoin. Given the current trading volumes, it is not crazy to suspect that up to 50% of this money is supposed to be traded into Monero. Therefore we'll see a market cap. decline of Bitcoin somewhere around the $300 million range. This money will go into Monero within the next days. Let's just assume that a lot of profit taking will be going on. Still it's more likely than not we'll end up somewhere around $20. And this is just the potential with the current money in the system. I see no reason to be bearish within the next weeks. The influx would be several magnitudes below the nominal market cap increase. |
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I was away a long time, maybe 4 or 6 months, not sure.
One thing that without any doubt, is now important and could be pathbreaking:
Its obvious to everybody, an expected consequence and generally positive development: our community grows and
has evolved from a small group of hardcore supporters and idealists, to a medium-sized project with its own eco-system & active community,- that with its track record and presence in the crypto currency scene - interesting and worth to follow for the the general public.
And beside this organic (and once again welcomed) growth, the price increase multiplied the effect. A lot of new people show up in our community.
This leeds to a big challenge: We need a concept and ideas, to integrate and manage these new people joining our project now. (because: of the current price uptrend (& possible investment chances) or our good public image)
We get a big problem, if we don't face and manage this situation.
These people need something useful to do or at least some written community guide lines, how to communicate & participate and what behaviour is not tolerated.
We get a big problem, when 90% of our communication on all channels will be like:
"When will Monero be 100$?", "Can I be a billionaire with Monero next week?", "Why only 3% price increase last week?", "Please buy my stupid domain names.", "I am only involved because of my personal greed and don't care about the project and the community"?, "I am so cool, I painted all the pictures in Mr. Moneros first powerpoint presentation."
We need to educate them, so they can integrate in the (older) core-community (that build the project) and so they will learn the culture and basics of the project/community, so they understand what to do and what not to do and how they can really support the project.
[Related aspect: If they receive no tasks or ideas to help the project, they feel worthless and unwanted after some time, if they cant a help in a project they would like to support. So there personal involvement declines, they find no friends or don't build a network of (business/tech) contacts, if they have no deeper point of contact with active community. If this happens - and it happened in many other projects - once a new community members willing to support, learn and full of energy and motivation loose interest in the project and won't support the project.]
If they wont be integrated, they have nothing to do, besides price-related postings, complaints, off-topic postings and self-portrayal for ego reasons, maybe personal conflicts (against the boredom) or setting up disputable projects, that harm the project.
We get a bad atmosphere & vibe in the community and bad image outside.
The better and stronger a community is (in terms of activity, quality, involvement, good vibe and constructive interaction) the more successful the project, it evolves around, will be. That's a proven fact and the reason this is (from my POV) really important.
Rest of the project still looks great, esp. the consistency in leadership and public faces of the community, the general development and positive, nice atmosphere. Thank you to everybody. Keep up the good work.
I can understand your concern. You don't get it that way by telling people what to do. You lead by example. If enough of the main-contributors to community building/development have the above approach that's the best way - and why it's done so well so far. It's also cool that most people involved are genuinely interested in the project for differing reasons not only relating to 'make like a bandit'. But I'm all ears too. |
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SUMMER SALE Painting -MONERO FLASH - Original price:350 USDDiscount price: 250 USDNOW :150 USD sold Horry shit. It's sold!! This is the most bullish news. It's been for sale for ever. |
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XMR now poses a prisoners dilemma to BTC whales. They must now build a position to sufficiently hedge against XMR becoming a coin with an economy rivaling BTC.
Unfortunately for them XMR holders will not let go of their coins so easily. The distribution is very fair compared to many coins and the whales like Risto, Warz and Smoothie have no need to relinquish their XMR positions given their BTC wealth.
The hands are definitely gripping tighter this time around. |
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Feels great to wake up to 0.023/btc HELL YEA!!
You guys think this ATH price will maintain or go another leg up? I'm worried about the correction that hasnt happened yet.
This leg is not finished. 0.04 is the target. From there I am not sure. i dont like to fall from too high. getting dangerous everyday. makes me think of ltc at 65usd ish and now 3usd ish What goes up must come down. It's all about time. It could be today, it could be tomorrow, next year or next decade or 1000 years from now. It's all about time. |
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MONERO EXPOSED!!
Exposure part 1
Be carefull investing in Monero there is a lot going behind the scenes !
A well orginized crime is going on on monero price pump .
Some serious monero investors and/or monero devs with some well known trollers of other coins (not going to mention names) because they do know who are they have been browsing undernet markets basicaly they are involved with ilegal activities till the point that they are in direct communication with Alphabay admins (not to mention nicknames ) which means they have been pushing hard their scheme of pumping monero.
One of this members have proposed to alphabay administrators to accept monero on their ilegal site with the promise to further wash their stolen btc and to multiply them by pumpin the coin x7 times of the original price which shouldnt be more than 2-3$ .
This lucrious proposal have been very attracting to alphabay admins which they immidiately started implementing monero on the site and after that they started the real action (converting stolen bitcoins to monero )in other means stacking up and manipulting the monero market on their only / centralized exchange (i wonder what will happen to monero if poloniex gets hacked probably by criminals like alphabay admins) ....story continues stat tuned for monero exposure ...(part 2 there is going to be made some real revelation )
I can't wait for part 2!! |
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