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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4548056 times)
ray88
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December 17, 2014, 12:41:23 PM
 #18221

well ... anyone wanna buy monerochat.com for some monero so i can get some XMR back since i am now poor and i have no more time to redo the site.
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December 17, 2014, 12:43:14 PM
 #18222



MoneroClub now in Beta-phase

www.MoneroClub.com/

From now you can make/edit orders easy, can post deals and communicate with sellers/buyers

Link to annonce: https://bitcointalk.org/index.php?topic=583449.msg9815710#msg9815710

It's time to bring Monero to the new level! That's why MoneroClub has been created.

Similar to LocalBitcoins for BTC, this is P2P trading platform of any currency (fiat+BTC) for Monero.

Bypassing the centralized exchanges, that should prevent the price from falling.

Perhaps, you post an advertisement as a "seller on the spot", reselling Monero and increasing the number  of the "local" members.

By expanding Monero users network in cities and regions as much as possible, all its members will have profited!

To make Monero REAL, we have to create its REAL use. Thanks to Monero's unique functions some things are going to happen next nearest time. MoneroClub is the first step to get Monero in a comfortable way.


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ray88
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December 17, 2014, 12:45:56 PM
 #18223

Damn i need help here,
i sent by mistake my xmr to a old wallet i created on May 19. I Dont know how i got to do this but oh well...

I can't find my old password...

so what can i do ?
Its Gone ?
Sad

If you don't have your password or seed words, it's gone.

Keep trying to come up with your password.

You can always keep the encrypted wallet around even if you don't find the password. Perhaps in the future brute forcing it will become practical.


thanks smooth, what a bad mistake i dont know why i keept this wallet around Sad mining since May and i lost everything F***

Not lost. Just come up with the password.  Or if not, keep it around. Maybe in 10 years you can brute force it and it will be worth an insane amount.



the next day i created that wallet i remeber making a new one because i had already lost the password lol
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December 17, 2014, 12:46:34 PM
 #18224



MoneroClub now in Beta-phase

www.MoneroClub.com/

From now you can make/edit orders easy, can post deals and communicate with sellers/buyers

Link to annonce: https://bitcointalk.org/index.php?topic=583449.msg9815710#msg9815710

It's time to bring Monero to the new level! That's why MoneroClub has been created.

Similar to LocalBitcoins for BTC, this is P2P trading platform of any currency (fiat+BTC) for Monero.

Bypassing the centralized exchanges, that should prevent the price from falling.

Perhaps, you post an advertisement as a "seller on the spot", reselling Monero and increasing the number  of the "local" members.

By expanding Monero users network in cities and regions as much as possible, all its members will have profited!

To make Monero REAL, we have to create its REAL use. Thanks to Monero's unique functions some things are going to happen next nearest time. MoneroClub is the first step to get Monero in a comfortable way.


Very nice. Congrats on this project!

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December 17, 2014, 12:52:06 PM
 #18225

About to break 30 cents.
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December 17, 2014, 01:10:29 PM
 #18226

its a sad state when people let Monero go under 0.001 while other useless coin are pumped, it makes me wish to fallback to Bitcoin and ignore the altcoin market forever, clearly its only a game for scamers as the most innovative crypto is mostly being ignored, i'll still hold my XMR.

Bitcoin has also fallen and will probably go below $300. Meaning since its peak, Bitcoin has lost roughly 75% of its value.
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December 17, 2014, 01:12:05 PM
 #18227

all (most) crypto is pegged to bitcoin (essentially), so, yeah.

< Track your bitcoins! > < Track them again! > <<< [url=https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/] What is fungibility? >>> 46P88uZ4edEgsk7iKQUGu2FUDYcdHm2HtLFiGLp1inG4e4f9PTb4mbHWYWFZGYUeQidJ8hFym2WUmWc p34X8HHmFS2LXJkf <<< Free subdomains at moneroworld.com!! >>> <<< If you don't want to run your own node, point your wallet to node.moneroworld.com, and get connected to a random node! @@@@ FUCK ALL THE PROFITEERS! PROOF OF WORK OR ITS A SCAM !!! @@@@
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December 17, 2014, 01:27:28 PM
 #18228

Just wait for it Wink
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December 17, 2014, 01:44:02 PM
 #18229

Just wait for it Wink

I think thats the problem bigj. Ppl have been waiting for a long time now. Devs have done some fantastic work, but have been up against it for a huge array of reasons... and things just aren't happening quickly enough for some. Plus, there seems to be so many HUGE dumps each day on XMR lately, any upwards momentum is immediately squashed... and that scares people so smaller investors get spooked and move on to something else.
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December 17, 2014, 01:47:20 PM
 #18230

It's funny, here we are with a coin that can truly empower people and it's Ripple with their corporate control that will win.

People don't want anonymity, they want to be told what to use and when to use it.

Nope. People want to make money.
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December 17, 2014, 02:05:50 PM
 #18231

Just wait for it Wink

I think thats the problem bigj. Ppl have been waiting for a long time now. Devs have done some fantastic work, but have been up against it for a huge array of reasons... and things just aren't happening quickly enough for some. Plus, there seems to be so many HUGE dumps each day on XMR lately, any upwards momentum is immediately squashed... and that scares people so smaller investors get spooked and move on to something else.

Value investing lies in spotting the diamonds in the rough.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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December 17, 2014, 02:52:05 PM
Last edit: December 17, 2014, 03:26:23 PM by fluffypony
 #18232

Just wait for it Wink

I think thats the problem bigj. Ppl have been waiting for a long time now. Devs have done some fantastic work, but have been up against it for a huge array of reasons... and things just aren't happening quickly enough for some. Plus, there seems to be so many HUGE dumps each day on XMR lately, any upwards momentum is immediately squashed... and that scares people so smaller investors get spooked and move on to something else.

We've said this before, and it bears repeating: Monero is not an "investment". In fact, we are actively working against the price "naturally" rising merely as a result of us fudging some numbers. You see, Bitcoin's price rose because of an artificial scarcity created by a fixed number of coins and a diminishing block reward. Now that's all well and good, but the sudden creation of quite a bit of wealth for some early adopters has had several interesting consequences. The most interesting of them is the Coattail Riding Effect. That is to say: the vast majority of altcoins that are released nowadays, and this is especially true for proof-of-stake coins, exist solely to try and ride Bitcoin's coattails, making the group of early adopters in that altcoin tremendously wealthy.

With Monero we have opted not to repeat that process, and instead of simply running with a deflationary currency and hoping for some form of profit, we have instead aimed to aggressively move in the opposite direction and make it slightly inflationary. This means that Monero is NEVER going to become incredibly valuable overnight, and it's not going to make insta-millionaires out of anyone. It means that its value is going to come entirely from utility and usefulness, and that hoarding it for 6 months or a year or maybe even 2 years is not going to make you rich.

If you want Monero to grow in value and you want to be part of advancing technology...well, be prepared for the long haul, be prepared to ignore the price, and make a concerted effort to build something for the Monero economy. The core team will endeavour to make things progressively easier for end users and for integrators / merchants / automation systems, but that should not prevent you from spending your spare time making Monero useful and usable through your own projects. It's the reason we have the External Projects section in the Missive now:)

If we become a community of builders, of creators, of innovators in things beyond the core of Monero, we will truly have something remarkable and revolutionary on our hands.

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December 17, 2014, 02:57:06 PM
 #18233

To the excellent piece by fluffypony, may I add:

CK the Game is growing at a tremendous speed (%-wise). It is played solely with XMR and the value of the world is already 141,000 XMR. Since it was only 82,000 XMR 22 days ago, the growth rate is 2.5% daily at present. Let the wise draw their conclusions Smiley
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December 17, 2014, 03:01:09 PM
 #18234


We've said this before, and it bears repeating: Monero is not an "investment". In fact, we are actively working against the price "naturally" rising merely as a result of us fudging some numbers. You see, Bitcoin's price rose because of an artificial scarcity created by a fixed number of coins and a diminishing block reward. Now that's all well and good, but the sudden creation of quite a bit of wealth for some early adopters has had several interesting consequences. The most interesting of them is the Coattail Riding Effect. You see, the vast majority of altcoins that are released nowadays, and this is especially true for proof-of-stake coins, exist solely to try and ride Bitcoin's coattails, making the group of early adopters in that altcoin tremendously wealthy.

With Monero we have opted not to repeat that process, and instead of simply running with a deflationary currency and hoping for some form of profit, we have instead aimed to aggressively move in the opposite direction and make it slightly inflationary. This means that Monero is NEVER going to become incredibly valuable overnight, and it's not going to make insta-millionaires out of anyone. It means that its value is going to come entirely from utility and usefulness, and that hoarding it for 6 months or a year or maybe even 2 years is not going to make you rich.

What is the new emission rate?

With T=2^64-1 unit in total and the (T-A)/N emission per block, when the total reach T in a few years, can you still use a small inflation to increase the total number of units? Or you have to change T = 2^128-1, for example?
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December 17, 2014, 03:02:32 PM
 #18235

What is the new emission rate?

It's variable. It reduces at every block.
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December 17, 2014, 03:12:23 PM
 #18236

To the excellent piece by fluffypony, may I add:

CK the Game is growing at a tremendous speed (%-wise). It is played solely with XMR and the value of the world is already 141,000 XMR. Since it was only 82,000 XMR 22 days ago, the growth rate is 2.5% daily at present. Let the wise draw their conclusions Smiley

What is Ck the game? Never heard of it?
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December 17, 2014, 03:24:36 PM
 #18237

What is the new emission rate?

With T=2^64-1 unit in total and the (T-A)/N emission per block, when the total reach T in a few years, can you still use a small inflation to increase the total number of units? Or you have to change T = 2^128-1, for example?

We haven't changed the emission curve. Per the OP: "Actual number of atomic units is M = 264 - 1. A minimum subsidy may be implemented in the future with <1% annual inflation to preserve mining incentives."

Since we're definitely moving ahead with that minimum subsidy in future, it'll basically just get to a point where block reward is, say, 0.3 XMR, and that will be the block reward indefinitely (actual numbers still need to be graphed and we need to evaluate the most appropriate minimum subsidy, but it's honestly not something we have to rush out the gate).

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December 17, 2014, 03:29:37 PM
 #18238

To add to what I said earlier, I'd like to point to this excellent comment from junkit33 I just discovered on Reddit -

Quote
Speculators have owned the market since very early days.

The easiest way to think about it is what would be the price of bitcoin if zero people were buying for investment purposes? It would probably be a lot closer to a $1 than $300. Well, that smaller amount is about the order of power that consumer sentiment has on the price of bitcoin.

Consumer sentiment won't have any impact on the price until either a) the actual consumer userbase grows significantly, or b) the price of bitcoin continues to drop significantly.

I say: let Monero be priced on our actual usefulness and not merely on speculation.

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December 17, 2014, 04:06:51 PM
 #18239


With Monero we have opted not to repeat that process, and instead of simply running with a deflationary currency and hoping for some form of profit, we have instead aimed to aggressively move in the opposite direction and make it slightly inflationary.

You overstate this a bit. A bit of tail emission to incentivize mining won't prevent great fortunes to be made in XMR. Greed as a bootstrapping mechanism was part of bitcoin's genius. I hope you agree that in the end, it will be people's willingness to hold Monero rather than their willingness to use it as a payment system that will keep Monero alive. And if people don't think it will be worth more in the future (i.e. a good investment), then they won't hold XMR. If all merchants end up using the Bitpay-equivalent of Monero to immediately receive USD and consumers use it temporarily to buy what they need anonymously because no one wants to hold it, then it becomes a game of Hot Potato.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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December 17, 2014, 04:24:41 PM
 #18240

To add to what I said earlier, I'd like to point to this excellent comment from junkit33 I just discovered on Reddit -

Quote
Speculators have owned the market since very early days.

The easiest way to think about it is what would be the price of bitcoin if zero people were buying for investment purposes? It would probably be a lot closer to a $1 than $300. Well, that smaller amount is about the order of power that consumer sentiment has on the price of bitcoin.

Consumer sentiment won't have any impact on the price until either a) the actual consumer userbase grows significantly, or b) the price of bitcoin continues to drop significantly.

I say: let Monero be priced on our actual usefulness and not merely on speculation.

That is all true but- To lure in the community of builders, creators and innovators you need incentive- and that -maybe sadly- is based very much on price and "investability" of the coin. Bitcoin would not be anywhere close to where it is if the spectulators didnt push the price up to where it made it visible on the radar.

"We are just fools. We insanely believe that we can replace one politician with another and something will really change. The ONLY possible way to achieve change is to change the very system of how government functions. Until we are prepared to do that, suck it up for your future belongs to the madness and corruption of politicians."
Martin Armstrong
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