Get ready for Monero to go up soon

[r0ach]

[2015-11-05 07:43:39] *** welong (6da09e01@gateway/web/freenode/ip.***.***.***.*) joined
[2015-11-05 07:43:50] <welong> hello there
[2015-11-05 07:44:17] <r0ach> yo
[2015-11-05 07:45:01] <r0ach> I think BTC is going to test 415 which will make all alt holders shit themselves
[2015-11-05 07:45:19] <welong> lol
[2015-11-05 07:45:33] <r0ach> but you never know because people who shorted BTC at the top are trying to push it down right now
[2015-11-05 07:45:45] <r0ach> so it could be a day or two before they're forced to cover
[2015-11-05 07:46:05] <welong> agree
[2015-11-05 07:46:29] <welong> are in long/short on BTS?
[2015-11-05 07:46:45] <r0ach> there are enough people in here to move markets though, bidji was a nxt IPO person, realsolid has a billion btc, and I went all in btc at $230
[2015-11-05 07:46:52] <r0ach> and there's a few other people
[2015-11-05 07:47:14] <r0ach> I think BTS will just go sideways
[2015-11-05 07:48:37] <welong> nice, i trade mostly alts, i did x200 profit last year , hoepfully this year will be better for all of us
[2015-11-05 07:49:46] <r0ach> I've never lost money trading alts, but probably have not made x200 heh
[2015-11-05 07:51:17] <welong> haha awesome, good to know u guys
[2015-11-05 07:52:00] <r0ach> realsolid is supposedly opening a new exchange
[2015-11-05 07:52:03] <r0ach> "SUPPOSEDLY"
[2015-11-05 07:52:09] <welong> when
[2015-11-05 07:52:44] <r0ach> he ran mcxnow and is making a new one, whenever he stops watching TV I guess
[2015-11-05 07:52:45] <welong> well we need one, HALO exchange is launching at 2050 i think
[2015-11-05 07:54:26] <r0ach> gonna see if I can find fyrstikken and get him to come in here haha
[2015-11-05 07:58:52] <r0ach> sometime between now and 4 hours from now BTC should start more buy ins
[2015-11-05 07:58:56] <bidji> i needed some money euros, so i sold at 490$, pretty lucky hehe
[2015-11-05 08:02:29] <bidji> do you think the trend reversed for bitcoin, or is it just a minor correction to 1000$* and beyond
[2015-11-05 08:03:06] <r0ach> imo 415 will be the next resistance
[2015-11-05 08:25:01] <nOgAnOo> I love you, bidji
[2015-11-05 08:25:31] <r0ach> bidji is from france, it's normal for men to love each other there
[2015-11-05 08:25:40] <nOgAnOo> eww
[2015-11-05 08:26:01] <nOgAnOo> r0ach are you mega rich?
[2015-11-05 08:26:13] <bidji> he don't want to say
[2015-11-05 08:26:22] <nOgAnOo> I need some money to start trading
[2015-11-05 08:27:11] <bidji> You just have to suck one or two dick for that kind of money
[2015-11-05 11:17:44] <welong> what do u think on ETH, BTS, do u see any big rise in them or any other alt?
[2015-11-05 11:18:37] <r0ach> xmr after wallet
[2015-11-05 11:18:45] <r0ach> is the next big sure thing probably
[2015-11-05 11:19:10] <r0ach> they had to do a bunch of backend stuff to make the wallet not take up gigabytes of ram
[2015-11-05 11:19:15] <r0ach> and it's still not close yet
[2015-11-05 11:22:10] <r0ach> so basically just let XMR go down until it gets close to wallet time
[2015-11-05 11:24:13] <welong> hmm what's the wallet time
[2015-11-05 11:33:09] <r0ach> don't buy any yet because it could be months, but it should be big, they have an actual good cryptographer named Shen Noether now creating RingCT
[2015-11-05 11:33:50] <r0ach> basically equal to zerocash without the drawbacks of zerocash

You can probably guess who "welong" is...

[Monerobuyer0]

Well, I guess your 'ignore it until near the GUI wallet release' strategy wsa good for me, as I have been able to accumulate a lot of Monero in the past 6 months. 

But its still annoying.  Monero is undervalued currently, based on the potential of it being the only truly fungible crypto currently in existence, and very solid dev team. 

Everyone makes too big a deal out of the GUI. 

[GreekBitcoin]

You can probably guess who "welong" is...

I cant.

[Bavaria]

That conversation tells me nothing at all. In some his posts r0ach claims he does not give a shit to alts and in this OP he says he is alt trader. 

[r0ach]

That conversation tells me nothing at all. In some his posts r0ach claims he does not give a shit to alts and in this OP he says he is alt trader.  

Most alts are just flat out scams.  There's not really a single one on Poloniex that has any fundamentals right now besides Monero.  Zerocash has so many drawbacks that it's actually worse than Cryptonote, but Roger Ver wants to pretend that isn't the case.  There is no other good option for anonymity.  There is also no right answer in the Bitcoin scaling debate.  Raising the block size is a risk, just like hard forks are a risk due to rough consensus attacks, and legality of exchanges possibly being required to carry both coins (2 versions of Bitcoin) if such a thing is done.   If I deposit a Honda stock with you, you can't give me back a Toyota stock, and a hard fork is the exchange itself making that choice, while a soft fork can technically exempt the exchanges.

Building a 2nd tier system to expand TPS on top of Bitcoin is actually a logical decision, so is the decision to only do soft forks in an attempt to avoid rough consensus attacks where exchanges might be required to carry two different versions of Bitcoin.  On the other hand, it's not really possible for the 2nd tier scaling solutions to be as secure as the on-chain solutions, so there should exist another coin for the big blockers to attempt their way instead of trying to fork Bitcoin.  Forking and big blocks are risky, and Bitcoin isn't about risk, so that task should be taken by an altcoin.

Monero is currently the best option for "big blockers" that exists due to the anonymity solution already requiring on-chain transactions anyway, plus having a dynamic block size.  I'm honestly surprised there hasn't been a large divergence of small blockers staying on Bitcoin and large blockers going to Monero sooner (maybe it will happen after wallet).  Both scaling options are IMO valid options, and both options have positives and negatives.

The main Bitcoin developer that exists right now has actually worked on Monero, so it's a lot less of an altcoin than most altcoins:

https://github.com/monero-project/bitmonero/pull/329

[Monerobuyer0]

Most alts are just flat out scams.  There's not really a single one on Poloniex that has any fundamentals right now besides Monero.  Zerocash has so many drawbacks that it's actually worse than Cryptonote, but Roger Ver wants to pretend that isn't the case.  There is no other good option for anonymity.  There is also no right answer in the Bitcoin scaling debate.  Raising the block size is a risk, just like hard forks are a risk due to rough consensus attacks, and legality of exchanges possibly being required to carry both coins (2 versions of Bitcoin) if such a thing is done.   If I deposit a Honda stock with you, you can't give me back a Toyota stock, and a hard fork is the exchange itself making that choice, while a soft fork can technically exempt the exchanges.

Building a 2nd tier system to expand TPS on top of Bitcoin is actually a logical decision, so is the decision to only do soft forks in an attempt to avoid rough consensus attacks where exchanges might be required to carry two different versions of Bitcoin.  On the other hand, it's not really possible for the 2nd tier scaling solutions to be as secure as the on-chain solutions, so there should exist another coin for the big blockers to attempt their way instead of trying to fork Bitcoin.  Forking and big blocks are risky, and Bitcoin isn't about risk, so that task should be taken by an altcoin.

Monero is currently the best option for "big blockers" that exists due to the anonymity solution already requiring on-chain transactions anyway, plus having a dynamic block size.  I'm honestly surprised there hasn't been a large divergence of small blockers staying on Bitcoin and large blockers going to Monero sooner (maybe it will happen after wallet).  Both scaling options are IMO valid options, and both options have positives and negatives.

The main Bitcoin developer that exists right now has actually worked on Monero, so it's a lot less of an altcoin than most altcoins:

https://github.com/monero-project/bitmonero/pull/329

I agree with all your points and this is why I like Monero, but I hope our rise will be a real rise of new users coming in and adopting the coin, and not just some whale pump and dump.

[Hueristic]

LOL, someone wants M0AR pump to unload.

2015-11-05

Translation : "accumulation phase over".

[r0ach]

LOL, someone wants M0AR pump to unload.

2015-11-05

Translation : "accumulation phase over".

Look at the chart.  The price already went from 0.001 to 0.004 then back down again after that date when BTC went up and imploded all alts.

[veebee]

Lets hope wulong doesnt get emotional like he did with pandacoin and drop the price 95%


kekekekkee 

[r0ach]

Everyone and their mamma have been waiting for this wallet to come out.

Is it priced in already?

Looks better than the Bitcoin wallet:



The physical gold and silver coins were pretty nice:

[iamnotback]

Click this quote if you want to read more.

Readers please note that I don't have anything against Monero as an open source experiment in crypto-currency. I support their experimentation. I don't like (bordering on hate although I don't allow myself be consumed by hate) the community of Monero. And I don't support when someone writes that Monero is the only altcoin that is serious or worthy. They have not yet earned that, and if ever they do earn that, they won't need to state it because such truths are self-evident.

There is something foul smell in the community of Monero. I'd rather not try to explain what that smell is, as others have already explored that. Ethereum has its idolizing fanboiz and Monero has its delusion-of-superiority, pack-dog-attacking bagboiz. Something like that.

[americanpegasus]

OP may actually be onto something: http://btcbase.org/log/2016-06-22#1486943

I found some interesting musing on Ethereum vulnerabilities at that link but no mention of Monero or XMR.  What did I miss?

[Bitcoinsummoner]

Looks like monero has a good potencial again to start a new journey.. monero is one of the good adopted coin and i think better to dont miss it..

[iamnotback]

OP may actually be onto something: http://btcbase.org/log/2016-06-22#1486943

I found some interesting musing on Ethereum vulnerabilities at that link but no mention of Monero or XMR.  What did I miss?

Nothing, ETH is garbage. I can't say Monero doesn't have vulnerabilities but they are not in the same fashion as ETH obscurity-by-complexity model.

Do you believe in conspiracies? I'll tell what I think about Ethereum since I watched it from the beginning, its a plot from part of the Bitcoin elite, the same that funded and nurtured with their owned outlets, that dominates the mainstream and directs the narrative naming the "villains" and whom the sheep should listen to and that promotes that bootleg of fungible currency named Zcash. Ethereum was created to slaughter as many idiot sheeps as they can, it may look like it has a purpose and utility but if you take enough time to examine it you'll find its all smoke and mirrors, some day a bitcoin aristocrat will look at the pile of smoking ruins that was ethereum and at the hundreds of thousands of USD lost and say: "oh well it was a fun experiment", turn away and laugh, while hundreds of sheep will be look at their empty pockets and wondering what happened, because thats what they like to do and thats why true innovative currencies like Monero is being ignored by the same part of the Bitcoin elite.

http://btcbase.org/log/2016-06-22#1486939

That has always been my assumption as well.

I figured that is why some geekcool, technobabbling, spacedout WoW teenager running it was a perfect fit.

And remember Peter Thiel awarded $100,000 scholarship to Vitalik, at the early juncture.

Note the ideas from Ethereum may not be entirely garbage. I originally thought they were, but I'm leaning otherwise now.

[Spoetnik]

Click this quote if you want to read more.

Readers please note that I don't have anything against Monero as an open source experiment in crypto-currency. I support their experimentation. I don't like (bordering on hate although I don't allow myself be consumed by hate) the community of Monero. And I don't support when someone writes that Monero is the only altcoin that is serious or worthy. They have not yet earned that, and if ever they do earn that, they won't need to state it because such truths are self-evident.

There is something foul smell in the community of Monero. I'd rather not try to explain what that smell is, as others have already explored that. Ethereum has its idolizing fanboiz and Monero has its delusion-of-superiority, pack-dog-attacking bagboiz. Something like that.

Agreed and the trail going back 2 years i have watch unfold says it all.

[iamnotback]

Note the ideas from Ethereum may not be entirely garbage. I originally thought they were, but I'm leaning otherwise now.

Some ideas are not all bad, reason why Bitcoin can actually perform smart contracts without ethereum.

Hope you don't mean side-chains and Rootstock. I've already refuted the likelihood of that being technically sound.

[iamnotback]

Note the ideas from Ethereum may not be entirely garbage. I originally thought they were, but I'm leaning otherwise now.

Some ideas are not all bad, reason why Bitcoin can actually perform smart contracts without ethereum.

Hope you don't mean side-chains and Rootstock. I've already refuted the likelihood of that being technically sound.

there was never need for sidechains, there was never need for other coin

https://medium.com/@maraoz/smart-contracts-and-bitcoin-a5d61011d9b1#.c4j4z5i0g

The Bitcoin scripting layer is not powerful enough to do the killer app for smart contracts that I have in mind.

Apology I didn't give you anything to refute.