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1021  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 20, 2015, 11:31:22 PM
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How is bitcoin doing in this metric?

Bitcoin -18.7%

By the way in all of these cases I am using USD as the comparison currency.

Edit: I am using Market Cap in USD from. https://coinmarketcap.com/ Click on the corresponding chart for each coin and one can verify my figures.
1022  Alternate cryptocurrencies / Altcoin Discussion / Re: [neㄘcash, ᨇcash, net⚷eys, or viᖚes?] Name AnonyMint's vapor coin? on: December 20, 2015, 10:57:27 PM
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Please notify me of any corrections I need to make and I will edit the table.

Some notes:

1) ShadowCash is proof of stake.
2) Monero does support mass TXs and has a market based solution in place to allow the main chain blocksize to grow to accommodate them. This is done without the need for a secondary level that is subject to government regulation. It is by the way a classic case of take care of the long term and the short term will take care of itself.
3) The proof of stake vulnerability in Dash is actually much higher than in regular proof of stake coins because of the 1000 Dash requirement for masternodes.
4) Lumping "IPO or mineable by speculators" into one makes no sense from a US or global regulatory point of view.

I will elaborate on 4. The critical US government agency for crypto currency regulation is FinCEN and not the SEC. The SEC has already argued before the courts that Bitcoin is money. This was critical in the Trendon Shavers / pirateat40 case since Trendon Shavers argued that he was not issuing securities with out SEC registration because Bitcoin was not money.. Furthermore internationally we see crypto currency regulation moving on the direction of treating crypto currency as money. The European Union being a good example.  It is for this reason that FinCEN has issued clear guidance close to three years ago, https://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html, while the SEC has not.  There are three further FinCEN rulings that are also very significant.
https://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R001.pdf
https://www.fincen.gov/news_room/rp/rulings/html/FIN-2014-R011.html
https://www.fincen.gov/news_room/rp/rulings/html/FIN-2014-R011.html

The first question and this is critical is whether the crypto currency is classified as a centralized virtual currency or a de-centralized virtual currency. The definition of de-centralized virtual currency is as follows from FIN-2013-G001
Quote
c. De-Centralized Virtual Currencies

A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.
Mining of POW coins has been clarified in FIN-2014-R001.

Now for my thoughts, First I am not a lawyer.
A POW coin with no premine, such as Bitcoin or Monero is a de-centralized virtual currency. Developers and miners are not MSBs. This is the ideal case. This requires that development of the coin be funded solely by donation of time, money or both. Any attempt to use the emission to fund development will require one or more of the players to register as an MSB.
Dash will likely require an army of lawyers to figure out. As far as I see it, miners are likely MSBs (since they are required to turn over a part of the mined coins to the masternodes) masternodes are also likely MSBs (since they are required to turn over a portion of their coins to development) and the holders of the spork keys are also likely MSBs (since they have in effect been given central administrator responsibilities). Anyone involved with Dash in the above capacities, especially those in the US, would be wise to get professional legal advice and get a ruling from FinCEN on their particular situation.
Delegated structures have also a high regulatory risk.
Issuers of crypto - currencies (such as those behind Ripple, Ethereum etc.) are MSBs

I do not know what issuance model is being proposed by the OP.
1023  Alternate cryptocurrencies / Altcoin Discussion / Re: Honestly, which is better? Monero or Dash? on: December 20, 2015, 05:19:54 AM
I have to say this:  I consider myself an average Joe Blow type of guy, and I don't even know how I got into bitcoin.  It was just something I read about on the internet and thought was cool.  Bitcoin has value, and bitcoin is the cryptocurrency people are going to use if they get into this.  Both of the coins you have this poll for I've heard of but know absolutely nothing about.  And I don't care to know anything about them.  Altcoins are destined to be ultimately abandoned.  There's no practical use for most of them, and Dash and Monero don't (in my opinion) have a future.  They are tools of speculation and will never be adopted by people like me.

I do agree that for the most part the current use value for alt-coins is for the most part non existent; however this is not the point. Many people who buy crypto currencies are speculating on the future utility of the crypto currency and hence the future value of the crypto currency. The real questions then become: Are there serious problems affecting the future utility of Bitcoin that the alt-coin solves? Does the alt-coin introduce any new problems not present in Bitcoin?
1024  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 20, 2015, 04:56:37 AM
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The market has had plenty of time to anticipate and price in the new version.  I expect a crash, as the normal 'buy the rumor, sell the news' thing plays out.

There are plenty of XMR available to borrow.  Hard to get caught short when the interest rates are so low you can easily afford to wait until prices fall.

I've never seen such low total bids.  ~30BTC in dumps between here and 0.0001.  Yikes!   Tongue

Looks like we're going to retest last year's all time low of 0.00091.  Get ready to ride the Monerocoaster!

Waiting until prices fall, with "strong hands", only makes sense if the long term fundamentals are very poor which is simply not the case with Monero. Furthermore if even a small percentage of the "big block crowd" in Bitcoin decide that Monero is the solution to the 1 MB blocksize limit in Bitcoin then anyone caught short Monero is in for a real shock.

Edit: Many in the market do not believe that the new version is going to come out, and do not have the skills and / or the inclination to compile code from source and test the improvements for themselves.
1025  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 20, 2015, 04:40:43 AM
...

Now even putting that aside, there is a bit of a downtrend, though market cap has remained fairly steady (less than 20% below ATH in fact). The market has accepted all the new coins, but only at a lower price per coin. Maybe that isn't great but it is respectable.

Actually by this measure Monero has done very well. If we compare peak market cap since June 2014 to current market cap.

Monero      -20%

Ethereum     -47%
Litecoin        -49%
Dodgecoin   -53%
Namecoin    -68%
Dash            -70%

What we a measuring here is the overall fall in alt-coin prices as the price of Bitcoin was falling from its 2013 peak.
1026  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 20, 2015, 03:39:20 AM
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If bitcoin rockets to $1000 and XMR stays flat at $0.50, then you can hold BTC now and get more XMR at .0005. Realistically, I can't see it going below .0005.

But you can't wait until .0005 to start buying because the volume won't be there.  

The historical evidence is that during a Bitcoin boom alt-coins for the most part have increased sharply in value with respect to Bitcoin. The current low price of Monero with respect to Bitcoin is the market not factoring in the development that has occurred in Monero over the last year. This is likely due the very old "official" binaries. The 0.8.8.6 version of Monero (the last official binaries) require over 9.2 GB in RAM. Seriously how many computers can handle that? Now compare that to the memory requirements of a Monero binary that is complied from the current source code.

My take is that staying "short" on Monero at this point in time is playing with fire.
1027  Alternate cryptocurrencies / Altcoin Discussion / Re: Honestly, which is better? Monero or Dash? on: December 20, 2015, 01:18:23 AM
Shadowcash -> both

tech wise that is.

Damn, that threw a spanner in the works.  I was on the cusp, THE CUSP, of deciding which one is better monero or dash when this deliveryman guy throws in a bombshell: 'Shadowcash'.  Now i know monero and dash are quite hard to decide between, but shadowcash?  Is shadowcash better than monero AND dash? Can anyone from either the monero community, the dash community or the shadowcash community please enlighten me?

If you want to learn more about ShadowCash and how it compares to Monero and Dash this is a good place to start. https://doc.shadowproject.io/#shadow-and-others. There are some very strong similarities with Monero. The critical difference is that ShadowCash is proof of stake while Monero is proof of work. Personally I believe that derivatives markets will make proof of stake coins fundamentally insecure. This is because the coin network has no way of determining if the stakeholder has shorted the coin on the derivatives market. If the stakeholder has a net short position then it would be in the stakeholder's interest to vote her stake against the best interests of the coin. This fundamentally undermines the whole premise of proof of stake as a way to secure a coin network. Dash is by the way vulnerable to this kind of attack since there is no way for the Dash network to determine if the holder of a masternode "secured" by 1000 Dash does not have a 2000 Dash short position somewhere else for a net 1000 Dash short position. It is actually even more vulnerable than most proof of stake coins since there is a built in incentive to set up masternodes using Dash borrowed from those who have less than 1000 Dash.
1028  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero vs Boolberry Chess Challenge and CryptoNote technical discussion on: December 20, 2015, 12:42:18 AM
43. a5
1029  Alternate cryptocurrencies / Altcoin Discussion / Re: Turning POW on its head on: December 19, 2015, 09:55:42 PM
I can see government regulators wishing to regulate the identities.
1030  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 18, 2015, 05:49:44 PM


I think people who hold bitcoin over the long-term are going to find that it stores value very well.

And I look forward to making a chart like this for Monero in five or six years.

I dispute that figure of 0.07 USD for 1 XBT on January 01, 2010. The figure was closer to 0.0008 USD. This would imply a fast declining rate of growth as the demand approaches the fixed 1 MB blocksize limit in Bitcoin.
1031  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 18, 2015, 05:44:53 PM
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Store of value means: you invest today 10 euros into an asset and tomorrow you are able to sell the asset for 10 euros. Therefore the requirement for a store of value is stability at least at some degree.

I would say that a mix of 75% USD 25% XMR beats XBT as a store of value hands down.
1032  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero vs Boolberry Chess Challenge and CryptoNote technical discussion on: December 18, 2015, 05:54:22 AM
42. cb5
1033  Alternate cryptocurrencies / Altcoin Discussion / Re: [XMR] Monero - Marketing Team & Tactics on: December 17, 2015, 06:35:29 AM
Quote
Update on Monero 16 December 2015:
I had a pleasant chat with some of the Monero community in their IRC channel and hopefully it’s the action of a few individuals rather than a big proportion of the community and it is unfair of us to make generalizations of the entire community from a handful of bad experiences (be it personal). We however hope that Monero could issue out a public notice that such marketing/messages are frowned upon to distance themselves from such unhealthy behaviour that is affecting their brand. We will look into accepting Monero once we can figure out a way to charge Monero in USD terms automatically.
https://www.bolehvpn.net/blog/2015/12/14/what-is-dash-and-why-is-bolehvpn-accepting-it/

Edit: My take is that it is time to let the market decide.
1034  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: December 17, 2015, 01:49:14 AM
A lot may also depend on the size of the HDD. I did not notice an issue syncing with a 2 TB HDD on Trisquel 7. I do suspect this can be an issue with a smaller HDD.

One other thing is that virtualization itself can be very hard on an HDD when both the host OS and the guest OS are on the same drive. If one adds to this a disk intensive application in the VM then I can see this problem developing. My experience with this has been with Windows VMs running on GNU/Linux hosts where I found a significant performance improvement by having the Windows VMs on a different HDD from the ./ GNU/Linux partition. The latter partition had the OS files. When I moved my laptop which had a single drive setup from an HDD to an SSD, I saw see a significant improvement in the Windows VM performance.
1035  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero vs Boolberry Chess Challenge and CryptoNote technical discussion on: December 16, 2015, 06:29:41 PM
41. Rc1 The bishop could be overworked trying to defend two pawns at the same time.

I agree that Bd5 has some drawbacks after b5 (potentially opening the c file) but I think black will play b5 against Rc1 anyway in which case the pin will be annoying. Rc1 remains ahead on tiebreaks.

Rc1: ArticMine, LucyLovesCrypto
Bd5: 8XMR, XMRpromotions


I will switch my vote to Bd5. So

Rc1: LucyLovesCrypto
Bd5: 8XMR, XMRpromotions, ArticMine,
1036  Alternate cryptocurrencies / Altcoin Discussion / Re: Monero vs Boolberry Chess Challenge and CryptoNote technical discussion on: December 16, 2015, 06:48:32 AM
41. Rc1 The bishop could be overworked trying to defend two pawns at the same time.
1037  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: December 14, 2015, 06:17:45 AM
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Luckily lightwallet ships with default behavior to connect to a remote node, so no database is necessary. Now, for those that want to run the monero node on their phone, i guess they will run into a problem. But I have yet to see ANY cryptocurrency have nodes on phones. So, jwinterm essentially just has to run simplewallet on the phone, which should hopefully avoid all of that DRM stuff you mentioned.

Yes, but I thought it had to be to a trusted node over a secure connection.

I was thinking about a high end smartphone or a tablet. For example a  Nexus 6P with 128 GB storage should have the capability to handle a full Monero node. I do agree that this kind of thing does not occur with other crypto currencies but the reason is that the vast majority of mobile devices are deliberately crippled with DRM by OS vendors and telcos, rather than the actual hardware capabilities of the devices themselves. Apple is by far the worst but even on Android one has to root the device, thereby breaking the DRM, in order to properly secure the device and get full use of it.

Edit: One way around this would be to set up a secure connection from the phone to a computer running a trusted node (say for example in the phone owner's home) thereby avoiding this issue.
1038  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 14, 2015, 04:59:01 AM
Seems like someone already took the opportunity to short.

See -> http://monerodice.pd.to/polo.php

Between 04:10 & 04:25. You can observe at the chart that it was dumped into that little buy wall on 12.

That is very healthy for the upside.
1039  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: December 14, 2015, 04:44:58 AM
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The thing that really prevents it being used for iOS (or Android) is having a Java library similar to bitcoinj (or simplewallet compiled for Android or iOS). If there was a Java library that allowed for sending/signing transactions, then I think it would be pretty simple to adapt it for mobile operating systems.

Looks really great.

Now as for iOS: Apart from the technical issue of compiling the Java library for iOS there is the issue of Apple's DRM. So it would only work with jailbroken iOS. Also if the 32bit version of Monero is used with Berkeley db there is the issue that Berkeley db is licensed under the AGPL. This is not an issue on Android, GNU/Linux, Windows desktop (but not Windows RT/mobile or the Windows store), OS X or jailbroken iOS.

To run it on iOS that is not jailbroken as far as I can see one would need both a proprietary license from Oracle for Berkely db ($$$) and to pass the Apple censor board. If Monero does really take off it may be possible to enter into a license agreement with Oracle. The project would then have to pass on Oracle's license fee, Apple's markup and a markup and risk premium for the project that the iSheep would have to pay.

Edit: Java is GPL so again there is the same issue with iOS that is not jailbroken. So more fees that the iSheep would have to pay

1040  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 14, 2015, 03:22:52 AM

Or possibly, the big green candles...  Roll Eyes

There may be a high degree of correlation between the two.
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