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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548056 times)
smooth
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December 13, 2014, 04:26:19 AM
 #18061

Can someone explain to me who only occasionally watches Monero why it's going to shit pricewise? When I took a look at investing into monero but didn't it was at like $2, now coinmarketcap says it's trading at $0.37. WHY? Is Monero still working, is it still an untracable, anonymous crypto? Was it overtaken by a competitor? What's happening? I heard there was some trouble about attacks on the network and anonymint claiming he has broken monero or something. What's the state now? Monero looked super promising to me. Is there any real goods market for it? Shouldn't it attract certain types of markets for it's anonymous properties?

Would be happy to hear a short summary or at least link because there seem to be quite a of very long threads to read through to get informed.

There was one attack, but that happened before the price drop and was quickly patched, and the bcx/anonymint noise turned into much ado about nothing. (BCX was nothing but pure FUD bullshit -- probably run by a competitor. Anonymint now supports ring sigs as the most viable method of anonymity, as far as I can tell, though some minor tweaks continue to be needed in his view, and I don't necessarily disagree.)

Since that time we have added a web wallet, fixed a bunch of bugs, released a few test versions with a database, and now had someone launch a Monero version of localbitcoins. Still, the price drops.

No, the only reason it is going all to shit pricewise is simply supply and demand and nothing about the tech at all. There is a lot of mining and we just ran out of people who wanted to accumulate (in the current overall pretty negative crypto-environment). At this point the only way to find buyers for the mined coins is for the price to drop where people will average down. Until some equilibrium is reached, whenever that might be.

Better discussion for the Speculation thread though, since there is nothing fundamentally wrong with the technology as you say. It is all a market effect.
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December 13, 2014, 05:53:52 AM
 #18062

Can someone explain to me who only occasionally watches Monero why it's going to shit pricewise? When I took a look at investing into monero but didn't it was at like $2, now coinmarketcap says it's trading at $0.37. WHY? Is Monero still working, is it still an untracable, anonymous crypto? Was it overtaken by a competitor? What's happening? I heard there was some trouble about attacks on the network and anonymint claiming he has broken monero or something. What's the state now? Monero looked super promising to me. Is there any real goods market for it? Shouldn't it attract certain types of markets for it's anonymous properties?

Would be happy to hear a short summary or at least link because there seem to be quite a of very long threads to read through to get informed.

when monero was $2, BTC was between $500-600. there was much more strength in all crypto this summer. confidence in BTC falls, alts hurt even worse.

development on monero is strong as ever. i would like to answer more of your questions but i'm tired. someone else will fill you in

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December 13, 2014, 05:59:23 AM
 #18063

Hey people, I just made a new XMR website Smiley
I had no much time, but I hope you'll like it.
Nothing special, but as I said before, I wanna help Monero to success.
Oh, here it is: www.xmr.website

Feel free to say if it is bad or good.
I am no so much pro with design, but I hope this can "pass" on Smiley

Cheers!

Good job building the website.
I like the layout and look.

Critique is: You misspelled 'mining' in that orange button in the center of the screen. You spelled it "minning."

Fix that and I will check out the website again. Kudos to you for building it! Smiley
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December 13, 2014, 06:05:39 AM
Last edit: December 13, 2014, 01:14:29 PM by e-coinomist
 #18064

This is what I get for buying the second cheapest Dell comp in April. Embarrassed Embarrassed
LOL never buy Dell, Gateway, HP or Apple  Cool
edit: buy some more memory
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December 13, 2014, 06:18:57 AM
 #18065


kawa900jc
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December 13, 2014, 08:45:07 AM
 #18066

Its doing the same for me.


Something seems to be wrong with MyMonero.com at the moment - if I try to start a new account, copy & paste the seed words it says "account does not exist!"

 Shocked
My few XMR coins are still there so it is fixed I think.

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December 13, 2014, 08:50:29 AM
 #18067

what do you guys think will be the bottom of xmr ?

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December 13, 2014, 08:55:10 AM
 #18068

what do you guys think will be the bottom of xmr ?
I Think:    0.00101010

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December 13, 2014, 10:03:06 AM
 #18069

what do you guys think will be the bottom of xmr ?
I Think:    0.00101010

1E-8 as always
fox19891989
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December 13, 2014, 11:11:56 AM
 #18070

what do you guys think will be the bottom of xmr ?
I Think:    0.00101010

0.001 will be the bottom of XMR
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December 13, 2014, 11:37:24 AM
 #18071

what do you guys think will be the bottom of xmr ?
I Think:    0.00101010

1E-8 as always

Theoretically, but it comes to the bottom under current situation.
My vision is 0.001 holds, if not then new floor 0.0001


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December 13, 2014, 01:45:09 PM
 #18072

what do you guys think will be the bottom of xmr ?
I Think:    0.00101010

1E-8 as always

Theoretically, but it comes to the bottom under current situation.
My vision is 0.001 holds, if not then new floor 0.0001



0.001 is a very psychological bottom, if that breaks it could get even worse.. @saddam, I agree with your point. A few other members here already brought up that alts are leveraged version, so when btc falls, alts fall even harder. Same goes other way around, just look at how nuts the top alts went in the last bubble..

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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December 13, 2014, 01:54:13 PM
 #18073

Its doing the same for me.


Something seems to be wrong with MyMonero.com at the moment - if I try to start a new account, copy & paste the seed words it says "account does not exist!"

 Shocked
My few XMR coins are still there so it is fixed I think.

Already existent accounts can log in, but creating a new one does not work.

MoneroHash.com - U.S. Mining Pool
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December 13, 2014, 01:56:24 PM
 #18074


Feel free to say if it is bad or good.

Cheers!

It's promoting monero. It's great!

May I suggest you add some bitcoin/crypto related SEO.

|| Monero Blocks - The Monero Block Explorerdonate.moneroblocks.info ||
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December 13, 2014, 02:28:19 PM
 #18075


Feel free to say if it is bad or good.

Cheers!

It's promoting monero. It's great!

May I suggest you add some bitcoin/crypto related SEO.
time to save monero or it will be down like a shit lying ahead ----that shit is blackcoin.unite community.
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December 13, 2014, 02:52:26 PM
 #18076

Hey people, I just made a new XMR website Smiley
I had no much time, but I hope you'll like it.
Nothing special, but as I said before, I wanna help Monero to success.
Oh, here it is: www.xmr.website

Feel free to say if it is bad or good.
I am no so much pro with design, but I hope this can "pass" on Smiley

Cheers!

Great looking site--very easy to navigate and easy on the eyes  Shocked

CoinRocka
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December 13, 2014, 03:25:16 PM
 #18077

****Posted on Reddit as well****


Created a simple wallet about 6 months back and exchanged some bits for monero on Mintpal. I withdrew from Mintpal to the wallet I created. I recently updated home brew on my Mac and fixed some library links, entered my simple wallet name and password and up pops my public key with a zero balance. The seed is different though, which makes me think I may be ok just lost in translation on my part. Any tips on what I should do at this point? Thanks in advance.
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December 13, 2014, 04:43:01 PM
 #18078

In a different folder or computer restore your original wallet from the old seed words which you hopefully wrote down when you created the original wallet.

****Posted on Reddit as well****


Created a simple wallet about 6 months back and exchanged some bits for monero on Mintpal. I withdrew from Mintpal to the wallet I created. I recently updated home brew on my Mac and fixed some library links, entered my simple wallet name and password and up pops my public key with a zero balance. The seed is different though, which makes me think I may be ok just lost in translation on my part. Any tips on what I should do at this point? Thanks in advance.

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December 13, 2014, 04:53:09 PM
 #18079

Its doing the same for me.


Something seems to be wrong with MyMonero.com at the moment - if I try to start a new account, copy & paste the seed words it says "account does not exist!"

 Shocked
My few XMR coins are still there so it is fixed I think.

Already existent accounts can log in, but creating a new one does not work.

Sorry about that, we pushed the latest updates to prod and had to immediately roll it back because it broke in prod, but didn't roll back the API server as well. All fixed now:)

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December 13, 2014, 04:55:43 PM
 #18080

In a different folder or computer restore your original wallet from the old seed words which you hopefully wrote down when you created the original wallet.

****Posted on Reddit as well****


Created a simple wallet about 6 months back and exchanged some bits for monero on Mintpal. I withdrew from Mintpal to the wallet I created. I recently updated home brew on my Mac and fixed some library links, entered my simple wallet name and password and up pops my public key with a zero balance. The seed is different though, which makes me think I may be ok just lost in translation on my part. Any tips on what I should do at this point? Thanks in advance.

Please pardon my ignorance but how do you restore?  All I see is the option to type in an existing wallet name and passphrase or "one will be created for you."
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