[quote author=iCEBREAKER link=topic=753252.msg13959007#msg13959007 date=1456051791]
21.02.2016 11,151,221 10,033 0.09% 6.967361 Next year subsidies fall below 4XMR/block!  Erhmm, no it won't. At the end of 2017 it will still be more than 5XMR/block. The block time will change to 2 minutes.  |
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I'm looking for an exchange where I can deposit some XMR and change them to BTC without or with very little fees.
If XMR is falling I wanna change to XMR again and so on.
And then I wanna cash out the coins to my wallets again without or with very little fees.
Anyone knows an exchange that is able to do this without huge amounts of fees?
And without long registrations?
https://poloniex.com/Poloniex requires you to identify yourself (so I stopped using them when they started doing that). Try Shapeshift!  Even though I can highly recommend ShapeShift, it is not for the lowest fee as 1337leet requested (and to a limit of 7000$ daily you don't have to send in any Passport/ID to Poloniex, which should be enough for most). When Poloniex changed their kyc policy, it happened pretty much overnight, and many people lost goodwill towards them because of that. Next time they implement lower limits or more ID (and it will happen), we can only assume it will happen with an equally short notice. |
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I'm looking for an exchange where I can deposit some XMR and change them to BTC without or with very little fees.
If XMR is falling I wanna change to XMR again and so on.
And then I wanna cash out the coins to my wallets again without or with very little fees.
Anyone knows an exchange that is able to do this without huge amounts of fees?
And without long registrations?
https://poloniex.com/Thank you. What is the difference between the "exchange" and "margin trading"? Ask AmericanPegasus.  |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? Are people aware this is an orchestrated pump meant to create a FOMO? Some are, some aren't. Things go up and down. I don't have FOMO. It's likely that it will retrace again, of course. That much volume? Of course it more than smells like a concerted effort. Yeah, sure does. I wonder what the real price is. There was another pump few days ago and price crashed all of a sudden. Do you know who can one pay to create such pumps on specific coins? I have heard some pumper trader whales are doing it for a fee. You can pay truecryptionare to pump. The real price? The last price was on the ticker - the next price will only be found in hindsight. How much for a pump from say 4 mil mkt cap to 10 mil mkt cap, decent $500k volume and sustain that for a few days? About $500k probably, give or take. |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? Are people aware this is an orchestrated pump meant to create a FOMO? Some are, some aren't. Things go up and down. I don't have FOMO. It's likely that it will retrace again, of course. That much volume? Of course it more than smells like a concerted effort. Yeah, sure does. I wonder what the real price is. There was another pump few days ago and price crashed all of a sudden. Do you know who can one pay to create such pumps on specific coins? I have heard some pumper trader whales are doing it for a fee. You can pay truecryptionare to pump. The real price? The last price was on the ticker - the next price will only be found in hindsight. |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? Are people aware this is an orchestrated pump meant to create a FOMO? Some are, some aren't. Things go up and down. I don't have FOMO. It's likely that it will retrace again, of course. That much volume? Of course it more than smells like a concerted effort. The issue is that will it retrace before or after hitting 2000 usd/xmr next time. Lol, that's not an issue. But I appreciate your humour and your volatile change in sentiment. |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? Are people aware this is an orchestrated pump meant to create a FOMO? Some are, some aren't. Things go up and down. I don't have FOMO. It's likely that it will retrace again, of course. That much volume? Of course it more than smells like a concerted effort. |
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No sure anyone was told but Monero arranged for a pump with some known Poloniex traders. Don't buy into this BS.
If no one was told, then how does anyone know? |
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This is gentleman. 1$ parity.
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Thanks. That means it's not solved at all (which is ashame of course, but good for Monero).
I do like they dont have a tail emission (I hate that in Monero, smells like Keynsianism, just secure the chain with fees).
It IS an experimental project to a large degree, but it certainly is not Keynesianism (continuous intervention and stabilisation policies). It's everything but. XMR has a predetermined tail-emission. It is still the same in 5 years, 10 years, 25 years (forking etc. notwithstanding). There is no lowering of emission if liquidity is low. You are free to choose which chain you want to use. |
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Just read the zcash AMA and I came away a bit unconvinced. Some CN related comments in the second page https://forum.bitcoin.com/post16238.html#p16238It looks like they are very much set with the 10% "Founder's fee" and being pretty much a Bitcoin code base with zero knowledge for enhanced privacy and fungibility. Because of their non threatening stance and some associated names, they will surely be pushed and positioned over Monero with more whales supporting it financially as well as via marketing and networking. XMR has so much going for it in every way, just not the cash flow it truly deserves. If you read the blogpost, you will notice that it's 10% of the whole supply, but actually 20% of the blockreward in the first 4 years. During the first four years, every ten minutes 40 newly created ZEC will go to the miners, and 10 ZEC to the founders. https://z.cash/blog/funding.htmlHow did zerocash solve the seeding problem anyway? If it's open source insta-clone it immediately without a "founders fee" and we're all set. I gather from the AMA that the seeding problem is "solved" by a process which distributes the seed-generation to a set of individuals, where only one individual has to be honest (ie, delete their portion of the key) for the entire thing to be provably secure. Most people will find this sufficient. Some will not. Regarding the insta-clone idea, I think we've seen how important community/development/publicity/etc is for a coin, so I don't think an insta-clone of ZC would do much actual damage to ZC. Remember when Counterparty implemented Ethereum? What are the relative mcaps of XCP and ETH again? Also from the AMA it's clear that zcash is going to have some equivalent of Monero's "Viewkey" functionality. I think what Monero has going for it versus zcash boils down to: 1) It's not built off of Bitcoin's codebase. In my mind, this makes it a much better candidate for a "backup" top-5 coin than junk like Litecoin, Doge, or Dash. 2) I *think* Zcash still has the problem of there being no way to prove that there's not some bug in the system which is creating new coins. There was no mention of this in the AMA (wish I'd seen it in time to ask). I wouldn't really call that solved, it certainly mitigates the issue but doesn't really solve it. See my reply about it: The is simply not true, you have to trust that one of the guys from the initial setup is honest. This doesn't mean you do not have to trust you guys at all, which you stated. This is certainly an improvement over the previous setup, but it still isn't trustless. If all the guys of the initial setup collaborate, they could, for instance, still create additional coins and no one would notice.
Since the initial setup will most likely be videostreamed, the names (or at least the faces) of the people at the initial setup will be known. Tell me, what stops a three letter agency from demanding the initial setup guys to collaborate?
One of your engineers (Sean Bowe) acknowledged this (that the setup isn't trustless) as well in an earlier discussion I had with him.
Bottom line is that the initial setup isn't trustless, whereas you are implying it is. This also might be fooling the people that are reading this thread and your answers, thinking the setup is trustless.
I stand corrected if you meant something else with your post. https://forum.bitcoin.com/ama-ask-me-anything/i-m-zooko-wilcox-ceo-of-the-zcash-company-ask-me-anything-t5413-30.html#p16245In addition to this, they have to prove that the software/hardware used to generate the masterkey isn't compromised beforehand and/or afterhand.
Regarding the viewkey, that was a bit ambiguous to me. It sounded more like they have a key where Alice can prove that she paid Bob. See: In Zcash, the creator of each individual transaction gets complete control over who can view the contents of the transaction. This is accomplished by each transaction being individually encrypted by an encryption key known only to the creator and the recipient.
There is no other mechanism by which any party can gain the ability to view the contents of transactions other than getting the decryption key from the creator or the recipient of the transaction, or from someone else who has previously received the decryption key. This is a simple, implementable, secure, and understandable mechanism for controlling who can see what. We call it "selective transparency".
Agree with [1].
[2] Yes they still have that problem, there is no way to verify if no additional coins were created.
I could also think of a few other caveats as well (where Monero improves). First of all, using Bitcoin's codebase and porting most of the improvements / upgrades Bitcoin is inherent to continuing on a lot of fundamental issues Bitcoin has. [1] Zcash will not have a tail emission: Well, just like in Bitcoin, the mining reward keeps coming for a long time. See the diagram on https://z.cash/blog/funding.html. There will still be Zcash mining reward for decades. Now, after that reward has diminished so much that it isn't valuable, I hope that transaction fees will have risen to remunerate miners This will result in severe problems in the future. Stating that there will be Zcash mining rewards for decades is kind of a poor argument, because people take the view / expectation (of no tail emission), discount it to the present and take it into consideration when assessing Zcash.
[2] Zcash will not have a smooth block reward: I'm rejecting this from Zcoin 1.0 because it doesn't appear to have benefits great enough to overcome the cost of differing from Bitcoin.
https://github.com/Electric-Coin-Company/zcash/issues/143In my opinion, the halving schedule of Bitcoin just creates wild fluctations in price (e.g. bubbles) and (potentially dangerous) large fluctations in hashrate.
[3] Zcash will incur the same blocksize issue as Bitcoin, they plan on simply porting everything regarding blocksize from Bitcoin: We're still thinking about our plan for Blocksize, scalability, transaction fees, and mining incentives. We'll post as soon as we have a concrete proposal. Our current not-at-all-concrete thinking is to follow Bitcoin and learn from the experience of Bitcoin, and to help if we can. By the time we're ready to launch Zcash 1.0, Bitcoin will probably have deployed:
* segwit, and
* larger block sizes, and
* Lightning Network
In addition Bitcoin might deploy other relevant scalability improvements as well. Or, maybe by the time we Zcashers get to that stage, we Bitcoiners will have decided not to deploy some of those mechanisms, or maybe we'll have tried to deploy some of them and learned that they didn't work as well as we hoped.
In any case, our general thinking for Zcash scalability is to re-use ideas and source code from Bitcoin as much as possible.
[4] Due to their "Founder Reward" it is highly likely that Zcash will be subject to FinCEN and therefore miners will be qualified as MSBs, see this discussion: https://forum.bitcoin.com/ama-ask-me-anything/i-m-zooko-wilcox-ceo-of-the-zcash-company-ask-me-anything-t5413.htmlHello Zooko, I'm interested in reading your goals and motivations for taking on anonymity in general or anonymous digital cash specifically as your priority project? Haven't you seen the new laws coming (eventually in all Five Eyes countries I've heard from reliable sources) that will ban end-to-end encryption? To that end do you expect to support a viewkey or other way that users individually or a global backdoor, so that Zcash can be compliant with the lurch towards a 666 NWO which seems to be rapidly taking form now (and I assert will accelerate with the full global contagion sovereign debt collapse 2017 -2020)? I am all for the ideology, but I am also pragmatic. We as society may have to fight with social networking and the political-economic revolution of a DIY economy, e.g. self-publishing, 3D printing, etc.. I have been looking at the concept of a decentralized social network. Any comments? Sincerely, TPTB_need_war AnonyMint Shelby Moore III Bold my emphasis. The proposed legislation in the United Kingdom does not ban end to end encryption. What it does however is to require those companies that provide proprietary encryption products to retain a back door key and make this back door key available to law enforcement. http://www.telegraph.co.uk/news/uknews/terrorism-in-the-uk/11970391/Internet-firms-to-be-banned-from-offering-out-of-reach-communications-under-new-laws.html?utm_campaign=Echobox&utm_medium=Social&utm_source=Twitter#link_time=1446482200 There is a critical difference here in that FLOSS end to end encryption tools remain perfectly legal and secure while proprietary end to end encryption tools would have a back door. This is not unlike the FinCEN guidance in the United States https://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html where proprietary development funding models for crypto currency (using the emission to fund development) will likely lead to a legal requirement for MSB registration while FLOSS development funding models can retain their decentralized virtual currency designation and avoid the MSB registration requirement. In Canada there was a proposed law that did not pass that required providers of email servers to retain records for law enforcement with an exception for those who ran their own mail server from their own homes.. A more relevant question to ask would have been: Given that you plan to use a portion of the emission over the next 4 years to fund your company, have you registered as an MSB with FinCEN or have you obtained guidance from FinCEN that MSB registration is not required in your case? The pattern here is starting to become apparent. Click I agree on some company's terms for the use of proprietary software and become a slave, click I do not agree and use FLOSS tools instead and remain free. Thanks ArticMine. Yes I am aware that the proposed legislation in the UK (also afaik similar legislation proposed in the USA, UK, Canada, and Australia) only applies to service providers who offer encrypted services, not to open source code which users independently obtain, compile, and run on their own initiative. I was vaguely aware of this pending legislation and then I became more focused on it during my private discussions last month with the GadgetCoin team who have a P2P streaming technology named Streemo. The governments are not stupid to try to ban activity they can't possibly enforce (thus making the government look impotent), i.e. the government can't monitor/enforce against what each private citizen does in their home. But I argue effectively the direction is to ban end-to-end encryption in general that does not provide a back door to national security agencies. The government can regulate the ISPs (internet service providers) and ban end-to-end encryption protocols that do not include a decryption key for national security agencies. I have also explained that using home computers as servers over asymmetric upload bandwidth home ISPs is a Communist economic plan (as I warned Bittorrent back in 2008 and offered them an economic solution for their tit-for-tat algorithm but they ignored me). And that protocols which allow illegal activities from unregulated home servers will be banned by ISPs and hosting providers. If you know of any technology to hide a protocol's patterns such that ISPs can't identify it, please enlighten me. There is some discussion of "Censorship resistance" in section 2.4 of Synereo's white paper, but that still seems to be inadequate. Simply put, it is impossible to fight the government when there are choke points in the system which the government can effectively regulate. This is just common sense. I added the following to that question for Zooko:
[5] Zcash cryptography is in its infancy stage and has not been vetted yet, therefore it's more prone to "errorrs". By contrast, the cryptography behind Monero is quite mature and has been vetted over time.
There are probably some more caveats, but this is what I could think of currently (next to the Zcash vs Monero comparison we already had). I thought the idea was that everyone could contribute to the entropy of the seed creation, that is including the you's and me's. So as long as you trust yourself you can trust the system. Otherwise it is just brain dead. (sorry for quoting the whole post) |
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Should one be worried about installing Minergate - and run the risk of some nefarious code being hidden in there that siphon private-keys etc.?
I'd be.
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Can you try and post them in SVG or some other high-resolution format. They look grainy on a higher resolution screen.
But thanks for all the suggestions.
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Can a character be converted to a FOC account? When will the FOC option open?
Thanks for asking. In these agile projects you never know what will happen next (even as the project manager as I am  ) We ended up opening a new PC registration with starting gifts that fully allow playing without deposit as well. Of course the main modules playable are health and marketplace, and the first is mainly eating your money, and the latter is of course more fun the more you have There is even a blog-format tutorial about it. I'd exhort everyone who is interested in CK to read this one, it is planned to be a one-page daily read, bringing the concepts of CK to the reader as the main character, Martti, 15 yo country boy, encounters them. A PC cannot be converted to a FOC, but the same result happens if you found a FOC and the PC wills all his belongings to it and dies. For all those who even have a little interest in the game, I'd ask you to read the blog and start playing as a PC. Depositing is possible and you get many freebies. Waiting for FOC when we might be willing to open it, and then paying 50 XMR for the privilege (which you can anyway do regardless of having a PC now or not) just does not cut it imo. I tried to create a character many moons ago, but every time I did, I was unable to login. Disparaged from creating several characters, none of them working, I just lost interest a bit. But didn't lose all interest. Now, on another note, I would highly suggest you make a decent blog on a decent platform - not some freebie platform. As a newcomer it is frustrating to wade through these things - the same with the CK wiki on wikia. It's a head-ache with all those ads and so forth. If you want help with streamlining of all that, I'm up for that - if you can help me set up a CK account and compensate me in CKG and CON? |
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I dunno, sounds like luck to me. You have 1% of the hashrate, you have a good chance of getting blocks no matter what.
At 300 kh/s that is 2-3% of the hashrate not 1%. You expect two in a row like every day or more. Three in a row is no big deal. Are people handwaving this question - or not? What is the probability of this? 2-3% he should be getting 20-40 blocks a day. Let's say 30 blocks. Which means the probability of him solving a block is 1440/30 = 1/48. So two in a row is (1/48)*(1/48)= 1/2304 Three blocks in a row is (1/48)*(1/48)*(1/48) = 1/110592 ? As you can clearly see I suck at statistics. |
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I didn't realize square was an option. I just saw circle or boobs on the last page, and I preferred single circle to googly eyes. I think square would be good. Why not diamond? Parallelogram? Rhombus? Dodecahedron???
Or no background? The symbol seems right, so why pin yourself to a background when people will naturally want to create their own backgrounds for whatever project they are working on? Must confess I tend to see the most adaptable plan or action as the best. Transparent background is a good idea. Thought about that also. Most of the better functioning ones have no background. |
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I prefer the single circle logo. The other one just kind of looks like googly eyes or something.
Circle reminds me startcoin bullshit supported by keiser (famous bullshitter who directly endorsed maxcoin scam), almost same background color and white letter in it. Maybe it's really good idea to keep square instead of circle. I wouldn't single out any coin. There are literally hundreds of dumb coins with circle logos. Take a look at coinmarketcap right now. 7 out of the top 10 DO NOT have circle logs (I'm not even sure we should count BTC since it was first out the gate with the circle). 8 out of the bottom 10 on the first page DO have circle logos. Even if the idea was good when Bitcoin did it, it has been ruined by overuse. I'm not a fan of the circle either. The circle was because bitcoin was bitCOIN - and even the bitcoin logo has gone through several stages (and not everyone uses the same anyway). The shaped logo reminds me of Skype. If we have to differentiate, I don't see any with octagons. I preferred the square logo the most. One of the better logos, and sorry to say, I think is.. dare I say it.. Dash. Not because it's pretty or anything, but it's memorable. Besides bitcoin then it is one of the most memorable ones, so one thing they got right. I will ask a designer who is unfamiliar with the old logo to design something new from scratch (and give a few options). Are we set on the colour scheme (the blue)? |
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We will soon open the option of "FOC" Foreign Owned Corporation account.
Why do you have need for that? Who pays that 0.1 XMR/week? We offer free-to-play, and since all our things have a monereto value, can be sold and withdrawn, it is obvious that the business model can not work on free players alone (it costs to maintain them and they gain money and withdraw it). To compensate for this drain, we have hooks that try to get people hooked to deposit. Depositing is good for the character as instead of living on subsistence level for weeks-on-end, he can become a middle class, a noble, or a tycoon. Depositing is good for the game economy because it increases the quantity of currency in circulation (this is 100% backed by XMR in a publicly viewable treasury). The aggregate value of all the ingame items has been observed to be about 15-20x that of the circulating currency, so the wealth effect from increasing money supply is great. The need of FOC is for people who lean more towards wealth management and do not care about character management (health, skills, social) etc. It allows an account whose value is solely determined by the assets owned by the account (such as an online exchange account, unlike a role-playing account). As 90-99% of all free-to-play accounts do not see play beyond the initial weeks, we need to sweep and erase them from the system, which happens so that the character dies, and then has a period before sweep and erase. FOC, on the other hand, is an investment account, does not die, and cannot be closed nor swept by the system. To differentiate our game from various online services and ensure that the majority of our players are player characters, there is a 50 XMR upfront cost to open a FOC. The 0.1 XMR/week that the CON item pays, comes from the Town, the ingame "game corporation" account of CK. The risk is solely related to the continuation of CK the Game. If the Town cannot pay, the default triggers liquidation and all the CKG becomes worthless in the process (currently valued at 820,000 XMR). This is because CON is Town debt liability and CKG is a share of its equity. At the moment about 5% of public income goes to servicing debt. Can a character be converted to a FOC account? When will the FOC option open? |
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I don't really know if there is a proposition for this kind of idea or not already... but what do you guys suggest the "cryptonote" or XMR community in general, should use as a platform to help ease the transition of cryptocurrencies in the real world monetary system? Do you think we need to have another form of ideology along with secure, anonymous transactions? Even though "Anarchy" is a type of ideology, it really is pretty fague to me TBH... there is no real structure for how cities, institutions, etc. should be ran "by the people". I feel if we had some common ground on a type of ideology we can all agree on, then the cause for XMR would seem to serve a bigger purpose than to just have really anonymous transactions in a capitalist/consumer world.
Just been pondering this recently and didn't know what you guys thought about it?
Don't politicise it. There are no reason to do so. In fact, there are many reasons not to, amongst them not bifurcating and balkanising the community. No need to label it (no one would agree anyway). It's technology, not politics. Whatever YOU want to use it for is up to you. |
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What about sunrise? Ever caught a sunrise in a high-rise, only to take the elevator down to catch it one more time? No? I have.
I also know people who's been on antarctica, and who's been on the north pole.
What is most likely? That satan, illuminati and reptilians exists, gravity doesn't and the earth is flat or someone who are the real baddies put stuff in rptiela's water (and whomever else makes strides against tptb) making him delirious, to the point he pose no danger or harm to the establishment.
It's a pleasant rabbit-hole to keep you in, isn't it?
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