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201  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 23, 2017, 10:35:11 PM
Dude, there’s no real competition between that coin and Monero. If you take a look at the history of Monero then you could see that more people are interested in Monero and are trying to give their insight on how to make the coin a much better system for sending money online. That other coin hasn’t been around long enough to have the credibility that Monero has and I am just giving you my opinion on that though I don’t have any Monero in my portfolio.

These coins that just released and trying to become number one is only taking ideas on other projects that are already in development and they are claiming that they are better than them.


XSPEC has been around since November 2016 and has one of the best ROI since ICO. See https://icostats.com/

Your competition is with Verge - not with Monero. Like yourselves, Verge is another Johnny-come-lately that believes that IP obscuration is all that there is to privacy.

You're both wrong, but feel free to pump.
202  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 22, 2017, 08:48:02 PM
Could it be that another Korean exchange, Korbit will add XMR?
Take a look at https://www.korbit.co.kr/ and the menu point "TRADE".

They have 500 million USD trading volume daily!

Great catch. This is promising.
203  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 09, 2017, 09:51:20 PM
I still sometimes find myself astonished that Monero - Monero! - has yet to achieve a 1B dollar market cap.


It will.  Only a matter of time.  It's just too fucking perfectly timed for the moment to not soar.  But please don't tell anyone, yet I am still below my target stash.

Wink

Well, for heaven's sake hurry up. The rest of us are waiting Wink
204  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 09, 2017, 09:11:00 PM
I still sometimes find myself astonished that Monero - Monero! - has yet to achieve a 1B dollar market cap.
205  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 08, 2017, 05:03:26 PM
It allows for the dynamic block size and provides more incentive for mining (network security). Also, I don't think it will affect available supply since people lose access to coins by forgetting passwords, not making backups, they die without telling anyone their password, etc. I'm embarrassed to say it but I "laundered" a USB key through my washer and dryer and it destroyed everything on the USB, including Monero info. In the case of AlphaBay, an unknown amount of Monero is now gone forever, but I'm assuming it's a nontrivial amount.
Hmmm, haven't even considered this. Yes, that could be an issue. But still, that just makes the remaining coins that much more valuable, right?

Another question:
(I'm full of these today jeez...)
Basically I've been talking on the Verge thread and people over there say that what Verge has over Monero is it's IP privacy.
Would this be considered a fair statement?

Take a look this recent twitter thread and, in particular, Riccardo Spagni's response:

https://twitter.com/jtgrassie/status/894672365157834752

Obscuring one's IP address is only one aspect of privacy. Verge does nothing to obscure blockchain analysis. Verge does nothing that running bitcoin through a tor client can't do. The Kovri project (a Monero project that uses the i2P protocol) will soon be built into the Monero client - later this year, perhaps? The issue of obscuring IP addresses will then be redundant.

I'd be wary of any currency that pumps itself as hard as verge does. How well do they know their cryptography? They seem to be everywhere these days - desperate to pump their price up from $0.03.

If you need more info about Monero you could do worse than ponder this for a few minutes:

https://www.monero.how/monero-infographic

206  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 05, 2017, 01:24:49 PM
monero stuck at that price because cryptonote still did not have the solution for its problem, it will goes no where untill next year or maybe it will goes down, there are a lot of good project outhere, they will compete with monero

What problem?
207  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 03, 2017, 06:16:51 PM
The fact that Polo has been down all day is concerning.

Huh?  It's up.  Been looking at altcoin prices all day.  Try using another DNS or something.  What's concerning are those errors when you cash out.  They should be fixed by now, the fact that they aren't means their dev team ain't good.

There has to be something yesterday on poloniex since for few hours price did not moved at all. and was no volume.


Comcast had an outage - I think it was a fire at one of their data centers. Large parts of the north east USA were out for a while.
208  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 31, 2017, 01:39:49 PM
It`s hard to say how many transactions on BTC are used for DNM-purchase but i think it`s round about 2-3%.
If 50% of there 2-3% move over to XMR, the price should double very quick.

The forfeiture complaint issued by the justice dept re AlphaBay detailed almost 840,000 BTC passing through the AB's accounts between May 2015 and Feb 2017. As someone else pointed out, one might double that to account for the next two largest marketplaces in the DNM.


209  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 30, 2017, 07:18:05 PM
With the exit of Bitmixer (allegedly due to LE pressure) can anyone explain how Dash's private send (formerly dark send) differs from the way Bitmixer mixed coins? I'm not looking for a Dash bash, just an explanation so that I can see whether (if) it's similar. If it is, would it be reasonable to assume that the LE might frown upon it?

Afaik they use some altered version of CoinJoin  https://en.wikipedia.org/wiki/CoinJoin

Thanks.
210  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 30, 2017, 04:15:48 PM
With the exit of Bitmixer (allegedly due to LE pressure) can anyone explain how Dash's private send (formerly dark send) differs from the way Bitmixer mixed coins? I'm not looking for a Dash bash, just an explanation so that I can see whether (if) it's similar. If it is, would it be reasonable to assume that the LE might frown upon it?
211  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 29, 2017, 01:10:10 PM
Daily standard deviation of poloniex USDT pairs since January 1, 2017

BTC 4.70%
XMR 7.58%
ZEC 7.82%
ETH 7.97%
DASH 8.09%
REP 8.16%
ETC 8.53%
LTC 8.73%
NXT 10.39%
STR 12.75%
XRP 13.74%

Can you explain the implications of this?
212  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 28, 2017, 12:14:29 PM
This is a comment from a recent reddit/monero thread that I think is well worth repeating here:

In the "nuclear war" between governments and blockchains, only the cockroach protocols will survive. -Ari Paul
For bitcoin to make it, it needs to be banned by a few governments and critiqued by policy makers. Otherwise it will fade. -Nassim Nicholas Taleb


Right now, the price of most cryptocurrencies is primarily speculation on their future potential. This is reflected in the extreme price volatility as investor confidence surges and recedes.
The only way POW blockchains can justify their very expensive existence is censorship resistant value transfer and sound digital money in highly hostile environments. In all other scenarios, Paypal's blockchain database works faster, cheaper, and is infinitely scalable. This is why both Taleb and Ari correctly identified that a cryptocurrency only offers lasting value if it can survive in extremely hostile environments.
"In the short term the market is a popularity contest; in the long term it is a weighing machine." - Warren Buffett
Right now, blockchains are in the popularity contest phase, where any scam can attract speculation. On a long enough timeline, only censorship resistant currencies that function as sound money will survive. It's possible that no POW blockchain is up to this task. With Ross Ulbricht in a cage for the rest of his life, and Alexandre Cazes dead in a Thai prison, how do you think Evan Duffield, Zooko Wilcox, and Vitalik Buterin will hold up when the pressure is applied?
Do you think a centralized bitcoin fork with mining, development, promotion and exchange controlled by a cartel in china is going to be the cockroach protocol that wins this war?
Eventually, fundamentals will come home to roost, and the weighting machine will determine the winner of the blockchain war... if there are any survivors.


Monero - The Cockroach Protocol.
213  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 24, 2017, 02:23:12 PM
It is happening, people. Read /r/DarkNetMarkets.  With n/m multisig in place, bitcoin will become a barbarous relic, and Monero will be the world currency.

Zooko had best get his wheels turning on Tezos, because Vitalik just stole another 80 millions, and ZEC is history.

The world is about to wake up and smell the coffee that ha been brewing for the past 3 years.

I just do not understand how the mass of  people can be such dense, stiff-necked, blind sheep and yet not get slaughtered...oh, nevermind, that's coming too.

So Hansa market was a honeytrap.  Dream Market maybe too.  There is a huge multibillion dollar gap which DHL can not, will not fill.  Such a vacuum is truly anhorrent.  It will not stand.  I revise my estimates on XMR to 200 in October, 1000 in March, and 5000 before 2019.


Just one example:

https://www.reddit.com/r/DarkNetMarkets/comments/6p1i8v/to_the_creator_of_the_next_dnm/
214  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2017, 01:01:02 PM
839,000.0 BTC during one and a half year, of some 16 millions total supply. For the biggest market. Let us assume topmost 2nd and 3rd sum up onto a similar amount together.
Below 10% of Bitcoin supply get used for drug trafficing, mostly harmless stuff like weed that more and more gets legalized anyway (as soon as the last 1968er has died, probably).

Monero partially targets that market segment. Did you guessed it's so tiny?

I and probably most were curious about this numbers. And yes they seems small. If you look at trading volumes of coins or different ICOs and crowdfundings.  But you need to understand that is real economy. Is not just shuffling numbers from one wallet to the other, but producing and sending stuff that is mostly illegal.

I was actually quite surprised at how big those numbers were. I'm inclined to agree more and more with aminorex that the DNM is going to be the most important market for Monero - at least in the early stages.

Any future DNM's are going to have to make Monero compulsory if they want to be taken seriously.
215  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2017, 09:46:09 PM
You know, I can't ever recall Smooth giving an out-and-out speculative opinion on Monero in this thread. I would be very interested in what he had to say.


I think smooth just gave a hint of his real background last page, also I do remember one time, he sold when Monero hit 0.01 first way back in mintpal and said so many times when bulls were dying of hunger in the winter of '15, I doubt he bought until it was low enough while he helped improve Monero.

I bought back during the BCX scare (and have said so here) later in 2014, which I correctly called as being a bunch of pure BS (though the price continued to decline even once it was apparent to all there was no exploit, in hindsight the result more of a brutal, and long, crypto bear market than anything specific to Monero). My reentry was well below 0.01 but also well above the subsequent lows.

Quote
rangedriver is right, if fluffypony can say not buy monero others are free to say otherwise.

Agree on that.

Any opinion on where we're headed over the next few months?

Well, in the absence of any response from Smooth, I'll take a shot.

On the plus side. Once the Bitcoin shitshow has concluded, I suspect we'll quickly see new highs for BTC. If Monero can maintain its price relative to BTC, we should see a nice rise for XMR.

Moreover, the coming HF, Multisig, Wallets, and slow tightening of emission, should all result in a good deal of sweetness and light for Monero. The major criticisms of Monero will have been nullified and further adoption looks likely.

On the minus side, the crypto market is clearly irrational. Indeed, it's better described as anti-rational. So the market is just as likely to shrug its collective shoulders, give Monero a pass, and move on to the next token.

Lastly, Monero has rarely failed to disappoint me when I least expected it, and surprised me at other times. The next few months will likely be no different.

In summary, it's a crap shoot.
216  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2017, 08:52:05 PM
It's been a pretty even Road for XMR. There's not much that you're going to be able to do or speculate on it this point. I looks like this coin is  old and trusted. Somebody just pumped it for some reason. They like to do that for profit they like to do that for activity on their chain and then like to do that create movement on their particular coin so let's just see what comes next.


What are you talking about?
217  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2017, 05:27:14 PM
You know, I can't ever recall Smooth giving an out-and-out speculative opinion on Monero in this thread. I would be very interested in what he had to say.


I think smooth just gave a hint of his real background last page, also I do remember one time, he sold when Monero hit 0.01 first way back in mintpal and said so many times when bulls were dying of hunger in the winter of '15, I doubt he bought until it was low enough while he helped improve Monero.

I bought back during the BCX scare (and have said so here) later in 2014, which I correctly called as being a bunch of pure BS (though the price continued to decline even once it was apparent to all there was no exploit, in hindsight the result more of a brutal, and long, crypto bear market than anything specific to Monero). My reentry was well below 0.01 but also well above the subsequent lows.

Quote
rangedriver is right, if fluffypony can say not buy monero others are free to say otherwise.

Agree on that.

Any opinion on where we're headed over the next few months?
218  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2017, 02:18:24 PM
Any predictions on who will reach $100 first between XMR and LTC?

This would actually make a good propbet.  So anyone here wanna make a bet on which one makes 100 USD first?  Monero or Litecoin?  Bet is 1 XMR and the bet is open until July 21, 2018.  That's one year. 

I choose XMR.  Any takers?

I say make the bet in LTC so it will be worthless in a year! Cheesy


So apparently Smooth has to make disclaimers before posting opinions now, well thats an interesting turn of events.  BTW, I value his/her opinion over every single other poster in this thread bar none.

ANYWAY:

An Unknown Amount of Monero, Is it True?

You know, I can't ever recall Smooth giving an out-and-out speculative opinion on Monero in this thread. I would be very interested in what he had to say.

Smooth - What is your opinion on Monero's price between now and Christmas? (With the clear understanding that this is an opinion and not investment advice).
219  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 20, 2017, 02:00:00 PM
I agree that "Don't buy Monero" should be put to rest. If we want Monero to succeed, we need to compete for mindshare against every other cryptocurrency. When a news article covers cryptocurrency, you see Bitcoin, Ethereum, Litecoin and maybe Dash get mentioned. We need Monero to be mentioned there, and ideally ahead of Litecoin and Dash. We need to maximize our network effects, and sooner, rather than later. The best way to do that is with a steadily increasing price.


You can put aside whatever you want.   When someone tells you to jump from tallest building in town, you are free to put it aside.  Everyone has rights to say whatever they want. What they think or if they just bluff. If their words have merit, community will trust them. If their words are bluff ofcourse community will laughs with and at them.  

You are free to tell anyone you want buy more Monero. But you have zero rights to tell someone to stop saying to people to not buy any Monero.  

I'm sure he knows that. It was an opinion, not a prohibition. We're all just talking here.
220  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 19, 2017, 05:39:29 PM
... If we want the wider world to start taking Monero seriously, we need to bid farewell to the numerous in-jokes and historical references that few understand.

Is it true?

No. I'm talking bananas.


you guys should really stop talking bananas and trolling your own coin  holder,  be more professional like Dash if you want mass adoption by the wider world.

Billy Bunters bananas was I guess only irony for Hueristics question which also was possibly irony.

Billys points of in-jokes and historical references instead are true. Only insiders understand such. Such jokes must be left behind. At least outside of this thread. Even Monero could be the best coin technology available, that is not a reason to tell jokes about it. Because outsiders really do not understand them. I am serious about this. Just like noobtrader is.

I got to disagree with the jokes... a community also needs inside jokes ... inside jokes are a little sample of what holds together a community... its part of the minting of a community

You're right, and I don't disagree. But at what point do we stop being a 'community' and start being a global currency? Because it might be the case that we have to leave one behind - or, at least, aspects of it - in order to become the other.
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