[XMR] Monero - A secure, private, untraceable cryptocurrency

[Dogeshop_eu]

I like this coin, What the next devs step they are working on?

[Limpuls]

Hey how to send XMR from wallet to poloniex balance? Because I want to sold them. I'm writting transfer 0 (my address) amount of xmr and payment id which I got from poloniex web. Simple wallet showing that I sent them but in poloniex I have nothing for already 30min. What I'm doing wrong?

check for your tx on http://monerochain.info/ . If it is there you have to contact to Poloniex.

Also i think Poloniex needs 18 confirmations. Which means thats around 18 minutes...

Maybe could this happen because I tried to send 0.01 XMR for a test. Maybe is not enough for trading?

[Anon136]

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

http://en.wikipedia.org/wiki/Network_effect

this is why passing bytecoin will be so hugely bullish. i dont really care how far the price of monero falls in the short term, what want to see if monero as #1 cryptonote platform

[nakaone]

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

http://en.wikipedia.org/wiki/Network_effect

this is why passing bytecoin will be so hugely bullish. i dont really care how far the price of monero falls in the short term, what want to see if monero as #1 cryptonote platform

you only need to look at the volume to see which one is bigger - byte is born dead, which is also little sad for the case that they truly implemented cryptonote in the beginning of 2012 - I doubt that.

[aminorex]

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

poloniex has the XMR volume.

In general I consider it a vastly superior venue for trading.  MP is primitive.

[aminorex]

perhaps you could try to shed a little light on why you believe this to be the case instead of simply restating your claim.

are you kidding? that would be work.

[rangedriver]

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

poloniex has the XMR volume.

In general I consider it a vastly superior venue for trading.  MP is primitive.

I've got a new found love for Poloniex since they managed to refund everyone's lost BTC. I just wish they would change from that god awful font they use.

[blaaaaacksuit]

perhaps you could try to shed a little light on why you believe this to be the case instead of simply restating your claim.

are you kidding? that would be work.

The layout is much better than most, graphs are some of the best I've seen on any alt exchange, tech support always lurking in the trollbox so you can consistently have issues resolved in minutes, they don't add every single shitcoin that pops up here, they've upgraded their servers so trading is much faster and on and on.  I'd say adding XMR first was one of the smartest things they could have done for themselves in the long run.

[Xmining]

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Main thread
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[btell]

Guys, who are interested in latest intriguing Cryptonote technology creators' declaration, follow my question on the thread:

https://bitcointalk.org/index.php?topic=673203

(WTF ulterior motives manage you, creators of cryptonote technology?)

[Rias]

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

http://en.wikipedia.org/wiki/Network_effect

this is why passing bytecoin will be so hugely bullish. i dont really care how far the price of monero falls in the short term, what want to see if monero as #1 cryptonote platform

Lol. Bytecoin is up again and will be even higher.

Monero can't be sustainable on the market as long as botnets owners are mining it and selling overnight. At least 50% of new XMR emission now goes to dumpers or hackers, whose business is very short term selling. Until something happens and real users finally get into the coin, MRO is doomed to be on the same low level. Huge price spikes are likely some mid-term investors buying in.

I don't see any support for the Monero rate to go up at the moment. That is why I divested from XMR a month ago when the botnet issue was discovered. It's better to wait a bit.

[btell]

Lol. Bytecoin is up again and will be even higher.

Monero can't be sustainable on the market as long as botnets owners are mining it and selling overnight. At least 50% of new XMR emission now goes to dumpers or hackers, whose business is very short term selling. Until something happens and real users finally get into the coin, MRO is doomed to be on the same low level. Huge price spikes are likely some mid-term investors buying in.

I don't see any support for the Monero rate to go up at the moment. That is why I divested from XMR a month ago when the botnet issue was discovered. It's better to wait a bit.

Bytecoin is up again?! With just 6 (six) buy orders on poloniex? LOL))

When the price of Monero drops down due to short-term selling by botnet owners you mentioned, who are buying this cheap monero? A small group of traders-enthusiasts. When ask offer for Monero will rise, who will sell it? A small group of enthusiasts. They will sell expensive, sure! ))

The only thing that does matter - number of adopters in mid-to-long term future. The only danger to this growing - see my discussion on the thread:

https://bitcointalk.org/index.php?topic=673203

[darkota]

Lol. Bytecoin is up again and will be even higher.

Monero can't be sustainable on the market as long as botnets owners are mining it and selling overnight. At least 50% of new XMR emission now goes to dumpers or hackers, whose business is very short term selling. Until something happens and real users finally get into the coin, MRO is doomed to be on the same low level. Huge price spikes are likely some mid-term investors buying in.

I don't see any support for the Monero rate to go up at the moment. That is why I divested from XMR a month ago when the botnet issue was discovered. It's better to wait a bit.

Bytecoin is up again?! With just 6 (six) buy orders on poloniex? LOL))

When the price of Monero drops down due to short-term selling by botnet owners you mentioned, who are buying this cheap monero? A small group of traders-enthusiasts. When ask offer for Monero will rise, who will sell it? A small group of enthusiasts. They will sell expensive, sure! ))

The only thing that does matter - number of adopters in mid-to-long term future. The only danger to this growing - see my discussion on the thread:

https://bitcointalk.org/index.php?topic=673203

Lmfao, 6 buy orders. That's a new record high for BCN.

[Patel]

When does Monero drop all instances of Bitmonero?

Its been few months now since the change.

[Anon136]

why do people still favor Poloniex for trading Monero instead of Mintpal ? It's quite strange, what's wrong with Mintpal ?

http://en.wikipedia.org/wiki/Network_effect

this is why passing bytecoin will be so hugely bullish. i dont really care how far the price of monero falls in the short term, what want to see if monero as #1 cryptonote platform

Lol. Bytecoin is up again and will be even higher.

Monero can't be sustainable on the market as long as botnets owners are mining it and selling overnight. At least 50% of new XMR emission now goes to dumpers or hackers, whose business is very short term selling. Until something happens and real users finally get into the coin, MRO is doomed to be on the same low level. Huge price spikes are likely some mid-term investors buying in.

I don't see any support for the Monero rate to go up at the moment. That is why I divested from XMR a month ago when the botnet issue was discovered. It's better to wait a bit.

This is a very good argument. I suspect you are right. This is going to be THE coin for botnet operators and botnet operators are absolutely going to dump on the market right away.

However with that said, with each new block, the rate of inflation is less than the last. If you have 10 coins in circulation and you add 10 more its 100% inflation, when you add 10 more its 50% 10 more its 33% ect... So it is a problem that will correct its self with time.

Very interesting food for thought though. Thanks for the comment.

[Anon136]

On second thought. Botnet operators may not neccisarily dump this coin. It's the PERFECT medium of exchange for that sort of person. This will be the hacker coin. Maybe by making such a memory hard hashing function, we have inadvertently put it into the hands of exactly the people to whom it is most useful.

[superresistant]

On second thought. Botnet operators may not neccisarily dump this coin. It's the PERFECT medium of exchange for that sort of person. This will be the hacker coin. Maybe by making such a memory hard hashing function, we have inadvertently put it into the hands of exactly the people to whom it is most useful.

Suddenly, botnet owners realize this and the dumping stop.
XMR rise 300% in 24h

[Anon136]

On second thought. Botnet operators may not neccisarily dump this coin. It's the PERFECT medium of exchange for that sort of person. This will be the hacker coin. Maybe by making such a memory hard hashing function, we have inadvertently put it into the hands of exactly the people to whom it is most useful.

Suddenly, botnet owners realize this and the dumping stop.
XMR rise 300% in 24h

Put a message to them in the form of console output on startup in the next software update

[5w00p]

guys, guys, botnets is ill eagle

[RentaMouse]

On second thought. Botnet operators may not neccisarily dump this coin. It's the PERFECT medium of exchange for that sort of person. This will be the hacker coin. Maybe by making such a memory hard hashing function, we have inadvertently put it into the hands of exactly the people to whom it is most useful.

Monero mining might have been more suited to botnet operators than other crypto coins initially, but from now on I suspect the proportion of "investment miners" is never going to be high. It appears that the XMR mining apps have got to the stage where there is roughly parity with Scrypt mining, i.e. a good GPU can hash 10-15x faster than a good CPU, so the botnet operator has no more advantage than the GPU farmer, they just all look for the highest returning coin. Currently its attractive for semi-pro gpu farmers who have been pushed out of Scrypt by ASICs and find other altcoin returns plummeting, and they can have a lot of hashpower -as long as it is earning slightly more than their power costs they will run it. I don't know the costs of running a botnet but I doubt its massively cheaper than gpu mining, and probably not as scalable either.

I think you have to assume that 90%+ of the coins mined each day go straight to the exchanges for sale, so the daily supply from mining is pretty constant (much like Bitcoin), the demand factors on the other side are more complex. Once you get longterm holders deciding to offload coins then you potentially have problems, but at least monero doesn't have the usual premine/IPO dumps to deal with.