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1  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 26, 2022, 09:58:41 PM
I think it would be naive to assume that there are not powerful, smart, actors that would love to change monero in a way that would cause it to have a chink in it's armor.  

How do we know that consensus changes of this level are not exactly that?
We don't.

The only guarantee against that is setting the protocol in stone. Developpers control every blockchain protocols that is not set in stones. All the talks about "decentralization" and "community" is BS, developpers always have the power.

Only BSV follows the path of decentralization, ie. setting the protocol in stone.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 12, 2022, 11:02:28 PM
Monero has been cup and handles all the way down.

Sadly most of them have not resolved the way we would want them to.

But we are seeing yet another breakout attempt on the longest of frames on USD/XMR.



I literally never even consider TA in /usd terms.


Just sayin....



Are you guys doing this?

I have been... for 7+ years.  

Been remiss as of late, just cold hold mostly for years.
I do spark up a node for forks though.

This upcoming fork (not sure when it is) I need to read up on it.  It worries me somewhat really.  Seems like a big one.  But I need to learn about Seraphis etc.
It is not upcoming. It is likely to be >18 months away.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 21, 2022, 10:21:23 PM
And Bitcoin, while also down is showing fairly strong support and not doing the sort of draw down we have seen in past bears.  Many are still calling for Bitcoin to do something it never has and pull back to below the last cycle's highs.
This belief seems widespread, however it is false.

Top of April 2013 was $266.

Top of December 2013 was $1170.

Bottom of August 2015 was $160.

And I remember at the time, during the downtrend post December 2013 peak, many people could not envision the price going below 266$ because "the price never went below the last cycle high" (and despite this pattern being true at that time - unlike today, the pattern got broken).
4  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 09, 2022, 12:39:43 AM
So anyone know what the massive spike from today was from?
Well, all the economic sanctions related to the Ukrainien war are massively bullish for Monero.

People start to realize that BTC and all the other cryptos are shit to store wealth.

During this 7 last years, the most important thing I have realized is that people are massively dumb.

You cannot explain to them why Monero is better with logical arguments. You have to have WWIII coming to clear some of the bullshit in their head.
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: July 13, 2021, 10:13:15 PM
Hi, I use the GUI v17.2.2 and Ledger Monero App v1.7.7

And when I open my wallet I am stuck with "Waiting for daemon to sync" and "Network Status: Synchronizing" forever without anything happening.

What should I do?
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 02, 2021, 08:58:39 PM
https://twitter.com/dashpay/status/1345093269919854592?s=21
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 02, 2021, 07:38:53 PM
I have updated the GUI from 0.17.1.1 to 0.17.1.4 and now when I launch it

I have the warning:
"Wallet is not connected to daemon"

And then:
"Daemon failed to start

Timed out, local node is not responding after 120 seconds.

Please check your wallet and daemon log for errors. You can also start to try monerod.exe manually"

Why is that?

Have you already tried rebooting your system? Also, do you use a custom data directory for the blockchain?
Sorry to answer to this only now, I had to work on other stuff meanwhile. I am still stuck at the same point. I have updated the GUI to v0.17.1.8 and the Ledger app to 1.7.4.

And still the error message:
"Daemon failed to start

Timed out, local node is not responding after 120 seconds.

Please check your wallet and daemon log for errors. You can also start to try monerod.exe manually"

And trying to launch monerod.exe manually doesn't work.


So yes indeed, the data directory for the blockchain is not at the same place than the GUI software. My C:\ hard drive is an SSD which is full, so it looks like the blockchain data went to D:\bitmonero\... while the GUI software is within C:\

So what should I do? Reinstall everything on my D:\ hard drive? But since this is not a SSD, the synchronisation will take forever  Undecided
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 01, 2021, 07:39:24 PM
There is a worst case scenario where XMR is no longer listed on any exchanges.

I get that it would still be traded OTC. But that would badly hurt its liquidity and price.
9  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 01, 2021, 06:39:50 PM
WTF was that?
Bittrex delists Monero:
https://www.reddit.com/r/xmrtrader/comments/kof3pw/xmr_market_on_bittrex_will_be_removed_on_friday/
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: December 20, 2020, 04:33:59 PM
OK.  This increase in usage is so bullish.

You know if you think about it, transactions on a chain are very uniquely influenced by the design of that asset.  It's not just all equal. The design and parameters of the asset create all kinds of downstream incentives, etc.

For example:

BTC: Has the small block strategy has put a functional cap on BTC's transaction volume and that has a direct impact on transaction fees.  This creates all kinds of incentives for users that do not exist on chains without a limit, or with not enough use to matter.  Transaction batching, the growing importance of trusted third parties, layer two incentives etc.  All unique to this chain still.  Also, the VAST majority of transactions on the BTC chain are 100% value focused, but not all.

ETH: Completely different.  ETH gets moved around with all ERC20 transactions.  So it's basically just constant transaction fees.  No limits mean no need to make things efficient.  The ETH philosophy is use resources without regard to cost strategy.  So that network can get congested AND expensive, and the bloated blockchain will either break ETH or centralize it in the end, and if it continues to be used people will just have to accept that.  ETH has more transactions than any chain, because it is basically involved n every transaction for every child token that is available. (I really think it is just a nightmare.)

BSV: The ultimate big block chain that isn't ETH, lol.  This chain is actually incentivizing making as many transactions as possible just to show that it can, and in my opinion ultimately centralizes.  They are actively spamming the chain constantly to support the narrative, or if you are a believer do proof of concept.  Most of what is going on the blockchain is (well there's a lot of wash transactions...) data storage.  So you are getting high transactions with high block sizes.  The central parties involved with this chain are incentivized to make transactions purely for show.  Gigamegs are core to it's narrative.

XMR: No blocksize limit, but ONLY transactional.  All of Monero's volume is value transfer.  But here's Monero's interesting twist.  We can't know very much about what happens in a particular transaction, but only that it happened.  The baked in layer 1 privacy, along with the flexible block size limits changes incentives slightly.  There is absolutely ZERO incentive to transact on the Monero blockchain for any reason but ONE.  I would not think anyone would be inflating blocksize/tx volume to try to prove a point ala BSV.  And I am not aware of any projects as of yet that would use the chain for something else, sort of like counterparty or blockstack on BTC,  or all of ETH.

So.....

We can be fairly certain that all of Monero's transaction volume is real and organic.  There is no incentive for anyone to pay for a transaction other than to move XMR. So people are actually USING the coin.  AND along with only a handful of crypto tokens aside from BTC we know that XMR is being used in real world transactions.  

This means the increased volume can only be two things that I can think of:

Increased real world use as a money.
Increased positions being taken (or liquidated) by speculators.

Like I said... this is incredibly bullish fundamentally.  

We are here.
Nice post, sir.
I like the value versus data framework. BTC and XMR's transactions are value, BSV's are data. ETH is somewhere in between. However, taking a longer term perspective, value is just a subcase of data. Value is just a special kind of data.

I think not enough people are taking BSV seriously. Transactions on Bitcoin in 2009-2012 could be classified as "spam" by today standards (think SatoshiDice...). Transactions on BSV are not necessarily made to prove a point, people and corporations are just experimenting with it.

Big blocks is the only scaling strategy that appears to work, BTC and ETH do not scale. Both BSV and XMR have adopted it, they are the only two blockchains that actually scale.
And BSV and XMR are the only two blockchains that have a use case that does not overlap (transparency versus opacity). Because, since value is a special case of data, everything you do on BTC and ETH, you can theoretically do that on BSV as well. Only the use case of XMR (opaque value) does not overlap with BSV reach.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: November 22, 2020, 07:29:14 PM
I have updated the GUI from 0.17.1.1 to 0.17.1.4 and now when I launch it

I have the warning:
"Wallet is not connected to daemon"

And then:
"Daemon failed to start

Timed out, local node is not responding after 120 seconds.

Please check your wallet and daemon log for errors. You can also start to try monerod.exe manually"

Why is that?
12  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 30, 2020, 04:56:41 AM
Make Monero great again
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 18, 2020, 05:00:31 PM

I don't want to argue in vain and trigger feelings with this post, I just want to talk logically and rationnally about an interesting subject.

Regarding BSV, what you skectch as a scenario (Metanet ending in a centrally controled) is only an hypothesis, a speculation, a possibility. No one will know for sure until this has been tried.
Maybe this will end up centrally controled, maybe not. I suggest you framing that as an experiment. The same way Bitcoin was framed as an experiment until 2014. Let's look at what's going to happen, and I am personally grateful that some people carry out this project.

Regarding CSW, who cares? This a protocol, it's only the code that matter.
Do you remember the early days of Bitcoin when people said that knowing the personality of Satoshi was irrelevant to the Bitcoin project?  The same goes for BSV. This is a protocol, which such be judged as such. Rationally, gossips about personalities should be irrelevant.

The difference is trusting an egotistical narcissist, who will do anything in the world to prove he's Satoshi, to make rational decisions.  The real Satoshi was a pseudonym basically to protect himself and the BTC project.  The purpose of open sourced projects like these is to trust the code only, sure... but what happens when the dude who has been pushing for this all the sudden sees another problem after more people get interested in BSV and start wanting to take it in a different direction than what he has decided on?  BSVclassic is what happens.
Well if CSW pushes for changes that doesn't conform with his previously stated goals (ie. an ossified protocol around a version as close as possible than the v0.1 of the Bitcoin protocol) then yes you are correct, a fork will ensue. But why would this be bad?

Forks are mechanisms that allow to keep alive a valuable alternative path despite a social take over of a protocol network. Because of the possibility, if needed, to forking away from CSW, people don't have to trust him. CSW can do whatever he wants, enough people are sold on the idea of ossifying the protocol, to make it happens.

Alike for Monero. We can never be sure a protocol change that degrades the privacy won't be push by the devs inside the protocol. But we can be pretty sure if this happens there would be a fork.
We don't have to trust the developpers, we only need to know that the possibility to fork away from misguided developpers will exist in the future.
14  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 18, 2020, 02:23:45 PM
I have some interesting/paranoid speculation...  It takes a moment to get to Monero... but hang with me.

I know my opinions on BTC forks might be different than some of my Monero brothers, and for full disclosure I believe BCH is misguided at best, and an all out scammy attack at worst, and BSV is an absolute abomination from any perspective.  I think the idea of the metanet, although fascinating, is something that will destroy the cypherpunk vision of Bitcoin. I think the correct way to achieve the metanet ideals is to run it as an opt in sidechain on Bitcoin.  The reason I think storing all kinds of data on the Bitcoin blockchain is a bad idea is it will necessarily centralize not only the miners, but also the fully validating nodes, which is a distinction with it's own essay, but not this one.

Storing virtually unlimited data on the blockchain will require both exponentially gigantic troves of data storage space, as well as the very fastest internet bandwidth, AND enormous CPU power for validation.  This will re-collapse the fully validating nodes with the miners and render those entities to be businesses on the size of FAANG, or nation states.

In the end a relatively small group of  node operators (For example USA, Google, Facebook, Amazon, Microsoft, China, Russia, and maybe 5-6 more) would then control ALL the "distributed" (but no longer effectively decentralized) copies of the blockchain. They could then form a cabal that could then set the monetary policy of the new world digital currency.

I know...  Kinda paranoid.

But if that is not what happens with BSV then what is it?
I don't want to argue in vain and trigger feelings with this post, I just want to talk logically and rationnally about an interesting subject.

Regarding BSV, what you skectch as a scenario (Metanet ending in a centrally controled) is only an hypothesis, a speculation, a possibility. No one will know for sure until this has been tried.
Maybe this will end up centrally controled, maybe not. I suggest you framing that as an experiment. The same way Bitcoin was framed as an experiment until 2014. Let's look at what's going to happen, and I am personally grateful that some people carry out this project.

Regarding CSW, who cares? This a protocol, it's only the code that matter.
Do you remember the early days of Bitcoin when people said that knowing the personality of Satoshi was irrelevant to the Bitcoin project?  The same goes for BSV. This is a protocol, which such be judged as such. Rationally, gossips about personalities should be irrelevant.
15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 07, 2020, 11:01:40 AM
Interesting article from Brian Armstrong. Definitely well worth reading if you enjoy thinking long term:
https://nakamoto.com/crypto-in-the-2020s/

Among his predictions:
Privacy. In addition to scalability, I think we’ll also see privacy integrated into one of the dominant chains in the 2020s. Just like how the internet launched with HTTP, and only later introduced HTTPS as a default on many websites, I believe we’ll eventually see a “privacy coin” or blockchain with built in privacy features get mainstream adoption in the 2020s. It doesn’t make sense in most cases to broadcast every payment you make on a transparent ledger.
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 07, 2020, 10:54:43 AM
I store my XMR on a Ledger Nano S.

I have changed my laptop. So I have reinstalled the GUI and have downloaded the blockchain on the new laptop.

When opening the GUI for the first time, I connect my Ledger Nano S and I have choosed "create a new wallet from hardware".

Now there are the "Daemon is synchronized" and "Wallet is synchronized" advancement bars that are completed, the Network status is "Connected" but my balance is 0 and I have no transaction history.

Why is that? Huh

Could you try this guide?

https://monero.stackexchange.com/questions/10598/how-do-i-restore-recreate-my-ledger-monero-wallet
Thanks, it works now. I didn't select the "Restore a wallet from device" option.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: January 06, 2020, 05:17:10 AM
I store my XMR on a Ledger Nano S.

I have changed my laptop. So I have reinstalled the GUI and have downloaded the blockchain on the new laptop.

When opening the GUI for the first time, I connect my Ledger Nano S and I have choosed "create a new wallet from hardware".

Now there are the "Daemon is synchronized" and "Wallet is synchronized" advancement bars that are completed, the Network status is "Connected" but my balance is 0 and I have no transaction history.

Why is that? Huh
18  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: November 11, 2019, 01:08:42 PM
An article worth reading reading Coinbase's view of Proof of Work:
https://blog.coinbase.com/how-coinbase-views-proof-of-work-security-f4ba1a139da0

"Claim one: It is a security feature for a particular coin’s mining operations to be the dominant application of the hardware used to mine that coin."

If this statement is correct, and I think it is, then the whole XMR's strategy of forking the hashing algorithm to foster CPU mining is unintelligent.

Let's stop forking the hashing algorithm after RandomX (which will fail to achieve the stated goal, like every other attempt) and embrace specialized mining. Enough time has been lost.
19  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 25, 2019, 08:03:07 PM
I have restored my Ledger Nano S seeds on another device. When I try to open the GUI with the new device, I get the following error message after entering the password:

"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"

Why is that?
All works fine with the old device.

What version of the Ledger Monero app is running on the new device?
v1.2.2 on the old device (working properly)

v1.3.1 on the new device (with the error message)


What is the version of the Monero GUI software?
Monero GUI software is v0.14.0.0
So any ideas where the problem could come from?

I have tried to restaure another old Ledger Nano S on the new Nano S and I have the same error message.

Basically the GUI works fine with my two old Ledger but I cannot use the GUI after restauring any of them on my new Ledger.

The Monero app version of both old Ledger is 1.2.2 and the version on the new is 1.3.1 (I cannot use the 1.2.2 on the new, because once I restaure the seed I have to install the Monero app through Ledger Manager, and only the last version is available).

The Ledger Monero app is currently version sensitive, i.e., you can only run GUI v0.14.0.0 in conjunction with Ledger Monero app v1.2.2. Similarly, you can only run GUI v0.14.1.0 in conjunction with Ledger Monero app v1.3.1. Hopefully this helps.
It does help. Thank you.
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: August 23, 2019, 11:13:38 PM
I have restored my Ledger Nano S seeds on another device. When I try to open the GUI with the new device, I get the following error message after entering the password:

"Couldn't open wallet: Wrong Device Status : SW=6930 (EXPECT=9000, MASK=ffff)"

Why is that?
All works fine with the old device.

What version of the Ledger Monero app is running on the new device?
v1.2.2 on the old device (working properly)

v1.3.1 on the new device (with the error message)


What is the version of the Monero GUI software?
Monero GUI software is v0.14.0.0
So any ideas where the problem could come from?

I have tried to restaure another old Ledger Nano S on the new Nano S and I have the same error message.

Basically the GUI works fine with my two old Ledger but I cannot use the GUI after restauring any of them on my new Ledger.

The Monero app version of both old Ledger is 1.2.2 and the version on the new is 1.3.1 (I cannot use the 1.2.2 on the new, because once I restaure the seed I have to install the Monero app through Ledger Manager, and only the last version is available).
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