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

[TeeBone]

Will this friggin bottom out already, perhaps some entity is trying to destroy the coin ?

I knew this would happen with the Mintpal pump, i was cringing at the time knowing a boom/bust would scare new ppl away, too many have been burnt with other alts. No buyers left.

[Quicken]

Will this friggin bottom out already, perhaps some entity is trying to destroy the coin ?

I knew this would happen with the Mintpal pump, i was cringing at time knowing a boom/bust would scare new ppl away, too many have been burnt. No buyers left.

You're kidding me. I just doubled up on my Monero stash today, with sub 0.003 being my buy hard trigger point. I could have bought slightly cheaper with hindsight but an average buy in of 1 GBP was my original target and that's what I'm on now. Still mining, and hodling.

[smooth]

which is why there might be no botnets in BCN:

Do you actually have any factual basis for this statement, or are you just making it up?

In the past 20 hours the net hash of BCN has increased by almost 50%. I have no idea if that is botnets or non-botnet miners nor, I suspect, do you have any idea.

[florida.haunted]

https://www.kickstarter.com/projects/324283889/potato-salad?ref=nav_search

(since kickstarter's politics had been changed indeed, that's why potato salad became possible at kickstarter)

what about Monero @ kickstarter?

Work is progressing quite rapidly on a funding system where everyone will be able to fund specific features / tasks. The main reason for donations at present is to enable us and some of the other devs to allocate much larger blocks of time to Monero on an ongoing basis until that system is ready to go:)

I consider kickstarter not as donate source, but as PR's one. Very strong source, see 'salad' link mentioned above - you can google it and discover ***explosive*** WWW effect for FREE.

How many time did Salad Man spend to post kickstarter request? Compare it with much more time you spend to develop your funding system.
Compare audience involved!

Note, FUNDAMENTAL & open source anonymity is the trend novadays. Only you as dev team leader can initiate Monero's kickstarter PR company. Just think about...

[fluffypony]

I consider kickstarter not as donate source, but as PR's one. Very strong source, see 'salad' link mentioned above - you can google it and discover ***explosive*** WWW effect for FREE.

How many time did Salad Man spend to post kickstarter request? Compare it with much more time you spend to develop your funding system.
Compare audience involved!

Note, FUNDAMENTAL & open source anonymity is the trend novadays. Only you as dev team leader can initiate Monero's kickstarter PR company. Just think about...

We'll definitely bounce some ideas around to see if we can use Kickstarter effectively as a PR tool - thanks for the idea!

On the topic of dev team leader - I'm certainly very vocal, but there is no "leader" among us. We all contribute in different ways, and we are careful not to do anything in a way that is not transparent (stuff gets discussed at GREAT length on IRC:) Just wanted to make sure that nobody mistakes me for leading anything, I'm just one of the core team.

[shinjikenny123]

 

[Mumbles]

You should expect nothing. Technical analysis is a joke, especially in a thinly traded market.

https://i.imgur.com/d4yDD0B.png
 

So, could anyone explain to me what are the supposed conclusions we should extract from these graphs?

[Mumbles]

If we get no donations, we are unable to spend large amounts of time on it, and we will have to peck away at it in our spare time. If you want to see less "sluggishness" (i.e. more time allocated), then donate. If you haven't donated you have absolutely no room to manoeuvre in this discussion.

I am confused by this statement. Assuming the dev team has full time jobs and works on XMR part time as stated above (and is obvious from the slow progress), how are donations going to help them spend more time on this? Lets say you get $50,000 USD worth of donations. Spread among 5 or 6 people, that is going to be around $10,000 each. No way does that help anyone quit their day job to spend more time on this. So I would love to donate and help accelerate XMR progress, but I also want to understand how a donation is going to help accelerate progress before I do.

[smooth]

The (unofficial) Monero FAQ is coming along nicely in the first 24 hours, with great contributions from the community:

https://bitcointalk.org/index.php?topic=686086.0

[superresistant]

 
Time for the pump. No need to keep shaking weak hands.

EDIT :

If we get no donations, we are unable to spend large amounts of time on it, and we will have to peck away at it in our spare time. If you want to see less "sluggishness" (i.e. more time allocated), then donate. If you haven't donated you have absolutely no room to manoeuvre in this discussion.

I am confused by this statement. Assuming the dev team has full time jobs and works on XMR part time as stated above (and is obvious from the slow progress), how are donations going to help them spend more time on this? Lets say you get $50,000 USD worth of donations. Spread among 5 or 6 people, that is going to be around $10,000 each. No way does that help anyone quit their day job to spend more time on this. So I would love to donate and help accelerate XMR progress, but I also want to understand how a donation is going to help accelerate progress before I do.

I'm gonna leave my job to spend all my time in cryptos. I'll take care of XMR for sure while doing my projects.

[celestio]

If we get no donations, we are unable to spend large amounts of time on it, and we will have to peck away at it in our spare time. If you want to see less "sluggishness" (i.e. more time allocated), then donate. If you haven't donated you have absolutely no room to manoeuvre in this discussion.

I am confused by this statement. Assuming the dev team has full time jobs and works on XMR part time as stated above (and is obvious from the slow progress), how are donations going to help them spend more time on this? Lets say you get $50,000 USD worth of donations. Spread among 5 or 6 people, that is going to be around $10,000 each. No way does that help anyone quit their day job to spend more time on this. So I would love to donate and help accelerate XMR progress, but I also want to understand how a donation is going to help accelerate progress before I do.

With donations, they would be able to effectively hand over work that isn't being done at the moment because of lack of manpower, or time, to other experienced individuals in the field, like making bounties for certain things etc, and more, IMO. That would mean a large variety of things would be accomplished in a short timeframe.

[kbm]

I am confused by this statement. Assuming the dev team has full time jobs and works on XMR part time as stated above (and is obvious from the slow progress), how are donations going to help them spend more time on this? Lets say you get $50,000 USD worth of donations. Spread among 5 or 6 people, that is going to be around $10,000 each. No way does that help anyone quit their day job to spend more time on this. So I would love to donate and help accelerate XMR progress, but I also want to understand how a donation is going to help accelerate progress before I do.

I don't really think you care, because you still haven't come up with one thing that you like about Monero. It's been days now. Come on, you gotta have something in such a long amount of time. Unless you thought everyone was going to forget that you were being a concern troll?

Apart from that, if you really did have any reason to be here .. you'd realize that maybe even one minute of the devs time could have been spent dreaming that a Monero could actually be worth as much as $60, or thousands of dollars. Even sending a single Monero could be at least a decent gesture. Right now, it sounds like they're working for hopes and dreams .. so I don't think I'm wrong here

Practically though, if you want to see real work getting done that can be done with sending them bitcoin. Just in case anyone was wondering what the devs have gotten in their BTC address, it's a miserable .1 BTC given today. Before that it was a dollar or two! Kinda embarrassing. I like that they are feeling more comfortable making the point that development will be accelerated with donations, gives me the feeling that they have a good idea of what they're working on and what kind of time it will take.

Giving someone money for work has historically made things go much faster. The programming work going into this generally costs tens of thousands of dollars by now, so if the free meal ticket they've provided is starting to dry up I'm not really surprised. You'd understand this if you were not lying when you said that you wrote this below:

I've made my living coding and running dev teams and if I had a team that was only contributing that amount of code per week there would be some serious changes to the team.

And if you're really looking to donate, go contact zone117x on IRC. He should be able to update you about a crowdfunding platform (for the lightweight wallets in this case), so you know exactly where your money's going. I would imagine that type of platform could be used for anything really.

Aside from this, didn't vertcoin have a rather successful crowdfunding setup or am I wrong here?

[othe]

If we get no donations, we are unable to spend large amounts of time on it, and we will have to peck away at it in our spare time. If you want to see less "sluggishness" (i.e. more time allocated), then donate. If you haven't donated you have absolutely no room to manoeuvre in this discussion.

I am confused by this statement. Assuming the dev team has full time jobs and works on XMR part time as stated above (and is obvious from the slow progress), how are donations going to help them spend more time on this? Lets say you get $50,000 USD worth of donations. Spread among 5 or 6 people, that is going to be around $10,000 each. No way does that help anyone quit their day job to spend more time on this. So I would love to donate and help accelerate XMR progress, but I also want to understand how a donation is going to help accelerate progress before I do.

There's a lot of work done by non-core members. tewinget, mike, zone, neozaru, the i2p guys etc... either financed by bounties or the core team.
Check the GUI bounty thread, its nearly all donations from the core team.

Pledged bounty:
- Tacotime, 500 XMR
- Smooth, 500 XMR
- NoodleDoodle, 1000 XMR
- eizh, 100 XMR
- David Latapie, 12 XMR
- ficklepickle, 5000 MINT
- mickey_miner, 500 XMR
- dnaleor, 10 XMR
- wallet42, 42 XMR

or the pool bounty:

Pledged Bounty:
- TacoTime, 1000 MRO
- Smooth, 1000 MRO
- NoodleDoodle, 2000 MRO
- David Latapie. 25 MRO
- surfer43, 200k BCN
- mickey_miner, 500 MRO
- eizh, 400 MRO
- dnaleor, 20 MRO
- GreekBitcoin, 17 MRO
- tifozi, 100 MRO
- othe, 502 MRO
- DStrange, 0.3 BTC, 5M BCN
- Cheesus, 1M BCN

I am for example self-employed/freelancing, so is fluffy and others. I devote as much time as i can to Monero but i still have to make a living and pay my rent.

Not a cent of the donation money will land into the core teams pockets, the donations are all used for external projects.

“Do not treat the core development team as if we were a commercial company that sold you a software library. That is not how open source works; if you are making a profit using the software, you are expected to help develop, debug, test, and review it.”

- Gavin Andresen (Bitcoin)

[canonsburg]

People need to be compensated, even if its through donations. Why? Because it give VALUE to their work. If you don't assign value, then people will take any work for granted.

[monoman]

Wow mintpal! What a cheater.... dropped at 0.00250004 and my order is just at 0.00250003 

Like I said, nobody buys at the bottom...

[sammy007]

Wow mintpal! What a cheater.... dropped at 0.00250004 and my order is just at 0.00250003 

Like I said, nobody buys at the bottom...

Because nobody know where is a bottom.

[monoman]

Need your opinion, community members... I've just thought about kickstarter,

https://www.kickstarter.com/

Is their politics compatible with Monero goals particulary and crypto-currencies in general?
...
after this one:

https://www.kickstarter.com/projects/324283889/potato-salad?ref=nav_search

(since kickstarter's politics had been changed indeed, that's why potato salad became possible at kickstarter)

what about Monero @ kickstarter?

Work is progressing quite rapidly on a funding system where everyone will be able to fund specific features / tasks. The main reason for donations at present is to enable us and some of the other devs to allocate much larger blocks of time to Monero on an ongoing basis until that system is ready to go:)

To which address should I send some of my XMR?

[monoman]

Wow mintpal! What a cheater.... dropped at 0.00250004 and my order is just at 0.00250003 

Like I said, nobody buys at the bottom...

Because nobody know where is a bottom.

That is not quite true: I know exactly where my bottom is, and with any luck will know exactly where Juanitas' is too, as I lie back in my hamaca and watch whales from my beach hut on the Pacific coast of Mexico.  But as for knowing market bottoms in advance, this is a fool's game.  The point is to find something worth investing in and then INVEST and HOLD.  There is no getting to the bottom of market irrationality.

[fluffypony]

I am confused by this statement. Assuming the dev team has full time jobs and works on XMR part time as stated above (and is obvious from the slow progress), how are donations going to help them spend more time on this? Lets say you get $50,000 USD worth of donations. Spread among 5 or 6 people, that is going to be around $10,000 each. No way does that help anyone quit their day job to spend more time on this. So I would love to donate and help accelerate XMR progress, but I also want to understand how a donation is going to help accelerate progress before I do.

None of us have full-time day jobs - all of us have companies or we work for ourselves or we work as freelancers. I'll let you reboot your logic train from that starting point.

[Anon136]

Hey I may have found a way that I can actually help around here if you guys do a kickstarter. I could escrow the btc and xmr portion of the crowdfunding campaign. Since I am so heavily invested in xmr at this point, that will be all of the incentive i need, so i will happily provide this service for free.

See my rep thread in signature.