DASH Collapsing Monero UP

[iCEBREAKER]

This is a pair trade if I've ever seen one 

Good call!

I can't believe we just passed Litecoin's market cap.   

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[lsqgoddess]

This is a pair trade if I've ever seen one 

Good call!

I can't believe we just passed Litecoin's market cap.   

1   Bitcoin Bitcoin   $9,106,541,695   $574.65   15,846,972 BTC   $119,053,000   0.46%   sparkline
2   Ethereum Ethereum   $997,970,978   $11.94   83,608,068 ETH   $11,317,700   -1.56%   sparkline
3   Ripple Ripple   $210,202,139   $0.005952   35,316,813,001 XRP *   $615,121   -0.29%   sparkline
4   Litecoin Litecoin   $180,738,814   $3.81   47,392,979 LTC   $1,334,610   -0.04%   sparkline
5   Monero Monero   $173,131,539   $13.52   12,806,250 XMR   $53,529,800   61.68%   sparkline

Why your monero ranking is 3rd? My monero is ranking on 5th.

[Febo]

Why your monero ranking is 3rd? My monero is ranking on 5th.

He cut off none mineable coin Ripple. And Litecoin got back ahead of Monero. Litecoin will go back behind Monero market cap and stay there forever.

For ripple is easy, since is not mineable they can just print few billions of ripple and their market cap raise. You cant compare market cap of BTC and XMR with Ripple.

[smoothie]

Now that monero has surpassed Dash in marketcap and price...what do those who support dash say now?

At one point it was "lack of gui" is why monero is priced lower. Now what?

The justification sometimes surprises me.

Is it now that monero is "too private"?

#movingtarget

[Qartersa]

XMR- 250.000.000 $ Market Cap.
Dash- 0.01 BTC

That's my prediction.

I can easily see Monero being worth ~ 10 000 usd/XMR and bitcoins being traded against Monero with the rate of 0.02 XMR/BTC.
Dark coin I do not see future anymore. Only one anon coin should survive IMO. Being it XMR or DRK. Looks like it is going to be XMR.

If that is the case, then most active users of the Monero threads will be rich. I think they own a few Monero at least.

[bbc.reporter]

Now that monero has surpassed Dash in marketcap and price...what do those who support dash say now?

At one point it was "lack of gui" is why monero is priced lower. Now what?

The justification sometimes surprises me.

Is it now that monero is "too private"?

#movingtarget

There is the argument arising that the view key feature of Monero could be a liability. I am curious if you are caught by the authorities, can a court order force you to use it and show your XMR transactions? If it can why not get rid of thr view key feature? What is the reason why it is there?

[smoothie]

Now that monero has surpassed Dash in marketcap and price...what do those who support dash say now?

At one point it was "lack of gui" is why monero is priced lower. Now what?

The justification sometimes surprises me.

Is it now that monero is "too private"?

#movingtarget

There is the argument arising that the view key feature of Monero could be a liability. I am curious if you are caught by the authorities, can a court order force you to use it and show your XMR transactions? If it can why not get rid of thr view key feature? What is the reason why it is there?

Anything can be a liability.

The purpose of the viewkey feature is to allow the user to decide if they want to be transparent to whomever they choose to be transparent about their transactions. It empowers users to choose who gets to see their transactions or not, despite a court order. The freedom of choice whether it is "illegal" or "against the law".

Not all laws are just in our world...but i digress...

Shouldn't one be willing to work with authorities assuming there is good reason to?

"Caught"? Caught doing what?...assuming there is no illegal activities going on or no reason to believe that a user is using it for illegal/nefarious reasons, why would they need to prove their transactions other than a general audit?

[nzminer]

monero is the most private, block size is not an issue and blockchain pruning would work well for an anon currency anyway!

Only thing i dont like about monero is the transaction size, most of my mined stuff is worthless because of the micro payments made to me by the pool.

[smoothie]

monero is the most private, block size is not an issue and blockchain pruning would work well for an anon currency anyway!

Only thing i dont like about monero is the transaction size, most of my mined stuff is worthless because of the micro payments made to me by the pool.

I would imagine the micro payments have nothing to do with monero, but simply the pool software/settings/payment policy.

[nzminer]

monero is the most private, block size is not an issue and blockchain pruning would work well for an anon currency anyway!

Only thing i dont like about monero is the transaction size, most of my mined stuff is worthless because of the micro payments made to me by the pool.

I would imagine the micro payments have nothing to do with monero, but simply the pool software/settings/payment policy.

Yeah but why should the small transactions cost so much to make?

My total of Monero in my wallet is almost worthless because the fees to consolidate the small payments into full coins is almost worth the monero itself.

Now with bitcoin, if i had tons of micro payments made to my wallet, i dont have to do that at all, my wallet sees it joined together.

[smooth]

monero is the most private, block size is not an issue and blockchain pruning would work well for an anon currency anyway!

Only thing i dont like about monero is the transaction size, most of my mined stuff is worthless because of the micro payments made to me by the pool.

I would imagine the micro payments have nothing to do with monero, but simply the pool software/settings/payment policy.

Yeah but why should the small transactions cost so much to make?

My total of Monero in my wallet is almost worthless because the fees to consolidate the small payments into full coins is almost worth the monero itself.

Now with bitcoin, if i had tons of micro payments made to my wallet, i dont have to do that at all, my wallet sees it joined together.

Bitcoin works the exact same way. When you receive many small payments, the transactions to spend it are much larger and cost more.

[iCEBREAKER]

monero is the most private, block size is not an issue and blockchain pruning would work well for an anon currency anyway!

Only thing i dont like about monero is the transaction size, most of my mined stuff is worthless because of the micro payments made to me by the pool.

I would imagine the micro payments have nothing to do with monero, but simply the pool software/settings/payment policy.

Yeah but why should the small transactions cost so much to make?

My total of Monero in my wallet is almost worthless because the fees to consolidate the small payments into full coins is almost worth the monero itself.

Now with bitcoin, if i had tons of micro payments made to my wallet, i dont have to do that at all, my wallet sees it joined together.

Is the fee still too high with mixin=0?  You could sweep the dust together with that, then resend the combined total with a higher setting.

The issue is extra overhead costs incurred by the privacy provided by Cryptonote protocol's larger transaction footprint.

Moving Satoshis is relatively cheap and some miners consolidate dust to help the network.

Joining Tacoshis is harder because of the higher required fee relative to the size of the small inputs.

As its currently fairly unprunable UXTO set grows without bound, Monero cannot subsidize low/zero fee tx and must discourage on-chain micro-tx, until payment channels are available.

Perhaps some day we'll have an IntelliHashing Smart Wallet which will solo mine the blocks required to move around otherwise uneconomical amounts of XMR.  

[iCEBREAKER]

iCEBREAKER, smooths and Monero vindicated, great time. 

[bbc.reporter]

Any idea when Dash will be out of the top 10? I believe their development team have lost focus and now cannot catch up with Monero. They also shifted their strategy and want to become a legitimate payment platform. But how can they compete with the giant bitcoin?

[nzminer]

monero is the most private, block size is not an issue and blockchain pruning would work well for an anon currency anyway!

Only thing i dont like about monero is the transaction size, most of my mined stuff is worthless because of the micro payments made to me by the pool.

I would imagine the micro payments have nothing to do with monero, but simply the pool software/settings/payment policy.

Yeah but why should the small transactions cost so much to make?

My total of Monero in my wallet is almost worthless because the fees to consolidate the small payments into full coins is almost worth the monero itself.

Now with bitcoin, if i had tons of micro payments made to my wallet, i dont have to do that at all, my wallet sees it joined together.

Is the fee still too high with mixin=0?  You could sweep the dust together with that, then resend the combined total with a higher setting.

The issue is extra overhead costs incurred by the privacy provided by Cryptonote protocol's larger transaction footprint.

Moving Satoshis is relatively cheap and some miners consolidate dust to help the network.

Joining Tacoshis is harder because of the higher required fee relative to the size of the small inputs.

As its currently fairly unprunable UXTO set grows without bound, Monero cannot subsidize low/zero fee tx and must discourage on-chain micro-tx, until payment channels are available.

Perhaps some day we'll have an IntelliHashing Smart Wallet which will solo mine the blocks required to move around otherwise uneconomical amounts of XMR.  

Yes with mixin 0 it was still high, about 80% of my monero is the fee.
Anyway, im pretty sure they will find a solution for those affected when the price skyrockets further.

I know there are others with far more monero than me that were affected.

I did not know (as did many pool operators) at the time, hence it took some a while to make larger payouts to miners instead of trickle amounts.

[nzminer]

Any idea when Dash will be out of the top 10? I believe their development team have lost focus and now cannot catch up with Monero. They also shifted their strategy and want to become a legitimate payment platform. But how can they compete with the giant bitcoin?

No Idea, but DASH has far more functionality than BTC.

The Instamine will always show its ugly head from time to time and will be a hard thing for DASH to ever permanently brush away.

I think that its flawed however to think that its an advantage to be based on BTC code and even incorporate their updates into their wallet.
The whole "compatibility" thing is just a way to attract those who are into Bitcoin to look at a "quality" altcoin perhaps?

Either way, any blockchain technology can be made mainstream and used as a payment processor etc.

Always better to think outside the square and use fresh code.

[iCEBREAKER]

Any idea when Dash will be out of the top 10? I believe their development team have lost focus and now cannot catch up with Monero. They also shifted their strategy and want to become a legitimate payment platform. But how can they compete with the giant bitcoin?

No Idea, but DASH has far more functionality than BTC.

The Instamine will always show its ugly head from time to time and will be a hard thing for DASH to ever permanently brush away.

I think that its flawed however to think that its an advantage to be based on BTC code and even incorporate their updates into their wallet.
The whole "compatibility" thing is just a way to attract those who are into Bitcoin to look at a "quality" altcoin perhaps?

Either way, any blockchain technology can be made mainstream and used as a payment processor etc.

Always better to think outside the square and use fresh code.

Because of the network effect, DASH has far less functionality than BTC.

One example of this is the difference in mixing times and efficacy.  BTC mixing is faster and more effective than Dash's, due to the much larger number of participating individuals.

Bitcoin has critical mass.  Dash does not.

Dash doesn't even have a legal opinion on whether or not Masternodes are illegal unregistered HYIP securites.

Dash is also afraid to put up a bug bounty.  Say what you will about ShadowCash, but at least they embraced the known best practice of rewarding people for looking at their code/crypto.

DashHoles don't want to know if their money-laundering HYIP is illegal.

DashHoles don't want to know if there are massive flaws in their code and roll-your-own crypto.

That is not "far more functionality."  That is just cargo cult bullshit.   

[Azael]

https://en.wikipedia.org/wiki/Snowball_effect

"The common analogy is with the rolling of a small ball of snow down a snow-covered hillside. As it rolls the ball will pick up more snow, gaining more mass and surface area, and picking up even more snow and momentum as it rolls along."

I don't see any problems with XMR taking the same trip ETH did. Posting a prediction that in less than two months from today the market cap of Monero will be more than 1BN.

[nzminer]

Any idea when Dash will be out of the top 10? I believe their development team have lost focus and now cannot catch up with Monero. They also shifted their strategy and want to become a legitimate payment platform. But how can they compete with the giant bitcoin?

No Idea, but DASH has far more functionality than BTC.

The Instamine will always show its ugly head from time to time and will be a hard thing for DASH to ever permanently brush away.

I think that its flawed however to think that its an advantage to be based on BTC code and even incorporate their updates into their wallet.
The whole "compatibility" thing is just a way to attract those who are into Bitcoin to look at a "quality" altcoin perhaps?

Either way, any blockchain technology can be made mainstream and used as a payment processor etc.

Always better to think outside the square and use fresh code.

Because of the network effect, DASH has far less functionality than BTC.

One example of this is the difference in mixing times and efficacy.  BTC mixing is faster and more effective than Dash's, due to the much larger number of participating individuals.

Bitcoin has critical mass.  Dash does not.

Dash doesn't even have a legal opinion on whether or not Masternodes are illegal unregistered HYIP securites.

Dash is also afraid to put up a bug bounty.  Say what you will about ShadowCash, but at least they embraced the known best practice of rewarding people for looking at their code/crypto.

DashHoles don't want to know if their money-laundering HYIP is illegal.

DashHoles don't want to know if there are massive flaws in their code and roll-your-own crypto.

That is not "far more functionality."  That is just cargo cult bullshit.   

Yes those are very good points you have made

[Palider]

Any idea when Dash will be out of the top 10? I believe their development team have lost focus and now cannot catch up with Monero. They also shifted their strategy and want to become a legitimate payment platform. But how can they compete with the giant bitcoin?

No Idea, but DASH has far more functionality than BTC.

The Instamine will always show its ugly head from time to time and will be a hard thing for DASH to ever permanently brush away.

I think that its flawed however to think that its an advantage to be based on BTC code and even incorporate their updates into their wallet.
The whole "compatibility" thing is just a way to attract those who are into Bitcoin to look at a "quality" altcoin perhaps?

Either way, any blockchain technology can be made mainstream and used as a payment processor etc.

Always better to think outside the square and use fresh code.

The Dash got strong development team. One owner owns quite a lot of Dash, so he wants to see it succeed.