THE RISE AND RISE OF MONERO

[Blazin8888]

The price seems to be in consolidation mode. I expect the price to be much higher by years end. Thats just my guess though.

It looks like we have hit my target bottom. This seems to be a good floor and the price has been going sideways for some time....Based on the past few days I would be surprised if it fell to 1.2 MILL. I think it should stay in this zone for the next while. The longer we stay here the higher chance we have of going up. In my opinion this is a consolidation zone. I am expecting the price to start rising as we get closer to a full GUI as well as Ring CT implementation.

If you look at the charts you will see we hit an ATH of around 2.6 MILL SATOSHI. I think we could easily see 3.5 MILL SAT by the time Ring CT is implemented if not higher...not to mention once the GUI is released I expect a rise in price.


There is a great price discussion going on here for anyone else looking for more information: https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274-30.html

[dukeneptun]

Is there any chance that xmr can take the number one spot.

Yes.  But if it does, it will probably take 5-8 years to do so, and might take a lot longer.

After doing a lot of research i've come to the conclusion that its not possible. Anon coins cant go major mainstream because the fiat gateways wont let that happen.

Better to just play the waves and profit then hold forever with hopes.
 

[dinofelis]

After doing a lot of research i've come to the conclusion that its not possible. Anon coins cant go major mainstream because the fiat gateways wont let that happen.

If anon coins depend on fiat gateways, then by definition they are not mainstream, because then fiat is mainstream.  That said, anon coins don't have to go "mainstream", but just big enough to be useful as a currency.

However, if anything, probably a right approach would be: fiat -> bitcoin.  Once you are in the crypto sphere, even with a transparent ledger, many more things are possible, such as distributed exchanges.  True distributed anonymous exchanges for fiat are not possible, because or you have to have physical contact with cash, or you have to have some bank account.  In both cases, it cannot be "distributed - anonymous".  But one could think of distributed smart contracts on networks like Tor where there is no anonymity rupture exchanging coins of different nature.  One could even do it on top of ethereum although ethereum is much too transparent as such ; I'm more thinking of something like Hawk. (the "monero" version, or better, the zcash version of ethereum).  So after fiat -> bitcoin, we can have bitcoin --(hawk)--> monero.

But it won't be bitcoin, nor monero of course.  It will be something newer, invented the next century.

So once, if ever, bitcoin-like transparent coins are "mainstream", one can easily go the anon side.

[mirakal]

Is there any chance that xmr can take the number one spot.

Yes.  But if it does, it will probably take 5-8 years to do so, and might take a lot longer.

After doing a lot of research i've come to the conclusion that its not possible. Anon coins cant go major mainstream because the fiat gateways wont let that happen.

Better to just play the waves and profit then hold forever with hopes.
 

Waves is starting to look good now, maybe people are beginning to focus their attention on one of the best funded currency online. I hope to see it boom this year because it has been so long I have been holding my coins. On the other hand, I do not think XMR is going to go back on its original profit, I think the dark market have trusted it already and will continue to seek for the demand.

[Blazin8888]

Wolfram Warptangent UPDATE FOR XMR: https://github.com/monero-project/monero/releases/tag/v0.10.0


Rest in peace Warptangent. Thank you for this hard work.

This is the next major release of Monero. It adds an initial release of RingCT, which is already live on testnet. The RingCT whitepaper can be found at the link above. Note that the v4 hard fork has been moved to the beginning of January, 2017, although the v5 hard fork remains set at September, 2017. This is to enable early availability of RingCT transactions on the Monero network, although they will not be enforced as the only possible transaction type until the v5 hard fork.

One of the largest pieces of work were the BlockchainDB performance improvements. This was largely done by warptangent, an early Monero contributor who passed away in March, 2016. His work was completed by Howard "hyc" Chu, and we have named this release after him. We are deeply grateful for all the effort he put in to making Monero what it is today.

Some highlights of this release are:

major performance improvements, especially on spinning disks
major space saving gains for the blockchain, despite the performance improvements
renamed binaries to follow a more logical, consistent convention
RingCT...obviously:)
added libunwind support for better crash reporting
added a key image export and import function for full watch-only wallet functionality
added support for ARMv8 processors
added a do_not_relay flag for transactions sent to the daemon
added a sweep_all command and RPC call for the wallet
significant fixes and improvements to threading
add a get_transfers RPC call
added transfer tracking to the wallet (lost forever if the wallet cache is deleted)
added a filter_by_height option to get_transfers
added a --max-concurrency flag for the wallet
major improvements to ARM performance, especially on newer 64-bit chips
huge overhaul of cmake and the readme
added a wallet API for the GUI
added a fee multiplier and reduced fees
made monero-wallet-cli more robust when handling corrupt caches
prompt twice for a wallet password to avoid password issues
improved daemon 'status' details, including time to the next fork
more bug fixes than you can shake a stick at
temporary patch (via a predefined user-agent) for the CSRF attack against monero-wallet-cli's RPC API, as disclosed by Henry Hoggard

[infofront]

Monero just keeps ascending higher and higher above the shitcoins like SDC and DASH.

[dadon]

Did XMR have a bug? I thought only shadow had a bug 

[iCEBREAKER]

Monero just keeps ascending higher and higher above the shitcoins like SDC and DASH.

I can't even keep my shitcoins straight.

Dash has its distinctive instamine and masternode HYIP (aka Ponzi), but I keep conflating Vtrash and ShadowTrash.   

IIRC, Vtrash stole code from Bitcoin but denied it, while ShadowTrash had their amateur crypto pwned by Shen but denied it until he published code which deanonymized their entire blockchain.

[Blazin8888]

Seems to me we are still in consolidation mode..I would set buys at 1.5 - 1.2 MILL SAT at the worst...

holding strong through these dumps here. I am long term xmr holder.

[xmrlove]

XMR IS HACK https://labs.mwrinfosecurity.com/advisories/csrf-vulnerability-allows-for-remote-compromise-of-monero-wallets/

[aminorex]

XMR IS HACK https://labs.mwrinfosecurity.com/advisories/csrf-vulnerability-allows-for-remote-compromise-of-monero-wallets/

Fortunately, no one has reported any loss of funds, and it would require some special effort for most people to actually expose themselves to such exploitation.

[obit33]

XMR IS HACK https://labs.mwrinfosecurity.com/advisories/csrf-vulnerability-allows-for-remote-compromise-of-monero-wallets/

Fortunately, no one has reported any loss of funds, and it would require some special effort for most people to actually expose themselves to such exploitation.

https://getmonero.org/2016/09/21/a-statement-on-the-mwr-labs-disclosure.html

sigh, the shit that gets thrown around here these days...

[dinofelis]

XMR IS HACK https://labs.mwrinfosecurity.com/advisories/csrf-vulnerability-allows-for-remote-compromise-of-monero-wallets/

Fortunately, no one has reported any loss of funds, and it would require some special effort for most people to actually expose themselves to such exploitation.

https://getmonero.org/2016/09/21/a-statement-on-the-mwr-labs-disclosure.html

sigh, the shit that gets thrown around here these days...

This is actually also what crossed my mind when I read about the vulnerability: this can only happen when you have opened your wallet on the same computer you're at the same moment looking at, say, some porn.  That said, the activation of the RPC function should not be default while I think it is atm.

[zero1ten]

Is the current price of Xmr @ around .017 btc still viable to buy? Im trading on Poloniex and looking for some altcoins to invest

[Billy Bunter]

XMR IS HACK https://labs.mwrinfosecurity.com/advisories/csrf-vulnerability-allows-for-remote-compromise-of-monero-wallets/

Fortunately, no one has reported any loss of funds, and it would require some special effort for most people to actually expose themselves to such exploitation.

https://getmonero.org/2016/09/21/a-statement-on-the-mwr-labs-disclosure.html

sigh, the shit that gets thrown around here these days...

This is actually also what crossed my mind when I read about the vulnerability: this can only happen when you have opened your wallet on the same computer you're at the same moment looking at, say, some porn.  That said, the activation of the RPC function should not be default while I think it is atm.

Simply not true - please check your facts:

"More importantly, since monero-wallet-cli does not enable RPC mode by default, there is nothing that is vulnerable in it unless the user actively enables a setting that allows for someone to remotely control the wallet."

Quoted from A STATEMENT ON THE MWR LABS DISCLOSURE: https://getmonero.org/2016/09/21/a-statement-on-the-mwr-labs-disclosure.html

[obit33]

Is the current price of Xmr @ around .017 btc still viable to buy? Im trading on Poloniex and looking for some altcoins to invest

trading <--> investing

you'll first have to decide what exactly you want to do... or do you wanne do both...

I'd say for investing (long term), XMR is one of the best (if not the best) alts out there... The fundamentals are just outstanding... but don't take my word for this, go out and research for yourself!!!!

For trading, which means short term profit, I just don't know so I can't give you any advice... I think trading crypto's is very hard, I tried it with bitcoin in 2013 and only lost money until I decided to just hold... Never traded crypto's since, but I'm sure there are some old timers here who can give you some solid advice for trading (probably aminorex, Truecryptonaire, ... )

best regards

[maissyandarista]

Now I am kicking myself again because I missed BTC and now this one

[DarkLurker]

You montards are funny

[aminorex]

Now I am kicking myself again because I missed BTC ...

That's what everyone said when BTC went to 32.

[bbc.reporter]

XMR IS HACK https://labs.mwrinfosecurity.com/advisories/csrf-vulnerability-allows-for-remote-compromise-of-monero-wallets/

Fortunately, no one has reported any loss of funds, and it would require some special effort for most people to actually expose themselves to such exploitation.

https://getmonero.org/2016/09/21/a-statement-on-the-mwr-labs-disclosure.html

sigh, the shit that gets thrown around here these days...

This is actually also what crossed my mind when I read about the vulnerability: this can only happen when you have opened your wallet on the same computer you're at the same moment looking at, say, some porn.  That said, the activation of the RPC function should not be default while I think it is atm.

Simply not true - please check your facts:

"More importantly, since monero-wallet-cli does not enable RPC mode by default, there is nothing that is vulnerable in it unless the user actively enables a setting that allows for someone to remotely control the wallet."

Quoted from A STATEMENT ON THE MWR LABS DISCLOSURE: https://getmonero.org/2016/09/21/a-statement-on-the-mwr-labs-disclosure.html

Ok here is a question to the Monero development team. I am not a coder nor a technical person. What is the RPC mode there for and what can I use it for as an ordinary user?

I ask because a possibility of someone controlling your wallet remotely should not be taken lightly.