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

[arielbit]

A miner here.

Currently I use Claymore's miner with AMD cards.  I pay a 5% dev fee, which I think is a bit too high, but I acknowledge that the dev deserves something for his/her efforts.

If XMR devs were to create an equivalent or better Windows64 AMD miner with a 4% fee going to the XMR devs I reckon that would be a win/win.


Something to think about.

Big +1

Claymore's is the best available, but comparitively speaking, 5% is highway robbery and he knows it. But when you have no other suitable alternatives, you pay. I would MUCH rather that percentage went to the devs...

that's a great idea for dev fundraising

[iCEBREAKER]

Btw - Smooth - did you get to the bottom of BCX allegations on cryptonote? We should all be interested if there is any truth to it!

We are investigating it. I'm sure the other CN projects are as well. Agreed we are all in the same boat here.

This situation with BCX is a good example why including an outside CN expert in the XMR dev fund oversight committee is not "bizarre" but rather makes sense.

He's a valuable resource to call upon in Troll Block type critical situations and your respective sister projects share code, so why not also get his input for planning Monero Research Lab expenditures?  He'll probably agree with the rest of the team's priorities 80% of the time, and his reasons for the 20% disagreement should be taken into consideration.  XMR owes CN a debt of honor, and granting CZ one of nine seats at the table is an optimal way to repay it, given his probable affiliation with the original code.

Having a 'frenemy' on the team is intended to help keep the rest of you honest and away from groupthink.  CZ is the only publicly known and qualified person available for that role.  That you would prefer to keep the group homogeneous by including non-experts instead of a CN wunderkind is truly bizarre.

Also bizarre is that I've already explained these reasons, and yet some people seem unable to read and comprehend any words besides "CZ."   

Risto has taken the initiative to provide XMR massive social and financial backing, and it would be equally bizarre to exclude him from the decision making process.

[robinwilliams]

A miner here.

Currently I use Claymore's miner with AMD cards.  I pay a 5% dev fee, which I think is a bit too high, but I acknowledge that the dev deserves something for his/her efforts.

If XMR devs were to create an equivalent or better Windows64 AMD miner with a 4% fee going to the XMR devs I reckon that would be a win/win.


Something to think about.

Big +1

Claymore's is the best available, but comparitively speaking, 5% is highway robbery and he knows it. But when you have no other suitable alternatives, you pay. I would MUCH rather that percentage went to the devs...

that's a great idea for dev fundraising

close to the original bytecoin idea ... don't opensource the good miner & instead profit from it

[ltcnim]

nvm...

[Odalv]

tx{
  prefix= {
     input(a1(5 XMR),f1(5 XMR),f2(5 XMR),f3(5 XMR),keyimage(priv(a1)))
     input(a2(4 XMR),f4(4 XMR),f5(4 XMR),f6(4 XMR),keyimage(priv(a2)))
     output(r1(3 XMR),c1(5 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f1),pub(f2),pub(f3),keyimage(priv(a1)))
  sign(tx_prefix,pub(a2),pub(f4),pub(f5),pub(f6),keyimage(priv(a2)))
}

this one looks more obscure

tx{
  prefix= {
     input(a1(5 XMR),f4(4 XMR),f2(5 XMR),f6(4 XMR),keyimage(priv(a1)))
     input(a2(4 XMR),f1(5 XMR),f5(4 XMR),f3(5 XMR),keyimage(priv(a2)))
     output(r1(3 XMR),c1(5 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f4),pub(f2),pub(f6),priv(a1))
  sign(tx_prefix,pub(a2),pub(f1),pub(f5),pub(f3),priv(a2))
}

[aminorex]

Regarding a kickstarter:

1- Use kickstarter.com
2- offer a feature
3- reward USD funders with xmr

rinse, repeat.

It is simple; it is low cost; it is likely to work with some non-vanishing probability; it is a market-based mechanism; it is entirely voluntary; it offers positive incentives for everyone.

[Ultros]

Regarding a kickstarter:

1- Use kickstarter.com
2- offer a feature
3- reward USD funders with xmr

rinse, repeat.

It is simple; it is low cost; it is likely to work with some non-vanishing probability; it is a market-based mechanism; it is entirely voluntary; it offers positive incentives for everyone.

Kickstarter has requirements for applying and takes its share. Sure you have all the infrastructure to manage your crowd-funding but it can take time, you can be rejected and if you get 95% of the money you must give it all back. Just saying. Worth a try thought.

[iourzzz]

Might be good for someone to compare XMR price development over the two days to other altcoins. Might well be that the effect of FUD is not even existent...

Quick scan: Over that period the range of LTC was 2.5%,  XMR 13.6%, BBR 27.4%, XCN 34.5%, and all are within 10% of the range closest to their lows over the period.

What I see is that PoW non-app coins (pure currencies) generally, whether CN or BTC based, have declined in degree best indicated by their market cap.

My intuition:  There is no FUD effect.  It is pure imagination.  The price is down because bitcoin.  

My conjecture is that hot money is flowing out of bitcoin into US stocks (BABA) and GBP bets.  This is ADHD money we're talking about.  I give it a week or so, before btc bottoms.  Unless there is an exogenous jump it would be reasonable to expect continuing XMR\BTC decay.  Yet I am unwilling to sell for a turn-around, simply because the scale and likelihood of a positive shock is too large.  The market cap is too small.  One buyer can double the price forever in 20 seconds or less.  I can't risk that.

Totally agree. all that falling may be caused much more by alibaba ipo than fud effect...

[smooth]

tx{
  prefix= {
     input(a1(5 XMR),f1(5 XMR),f2(5 XMR),f3(5 XMR),keyimage(priv(a1)))
     input(a2(4 XMR),f4(4 XMR),f5(4 XMR),f6(4 XMR),keyimage(priv(a2)))
     output(r1(3 XMR),c1(5 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f1),pub(f2),pub(f3),keyimage(priv(a1)))
  sign(tx_prefix,pub(a2),pub(f4),pub(f5),pub(f6),keyimage(priv(a2)))
}

this one looks more obscure

tx{
  prefix= {
     input(a1(5 XMR),f4(4 XMR),f2(5 XMR),f6(4 XMR),keyimage(priv(a1)))
     input(a2(4 XMR),f1(5 XMR),f5(4 XMR),f3(5 XMR),keyimage(priv(a2)))
     output(r1(3 XMR),c1(5 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f4),pub(f2),pub(f6),priv(a1))
  sign(tx_prefix,pub(a2),pub(f1),pub(f5),pub(f3),priv(a2))
}

I'm not sure what you are trying to do but that isn't allowed at all in the current implementation. All of the ring mix outputs for one input have to be the same value.

[smooth]

This situation with BCX is a good example why including an outside CN expert in the XMR dev fund oversight committee is not "bizarre" but rather makes sense.

I definitely agree with the idea of outside experts being involved as advisors, on an oversight committee, or something along those lines. Of course they would have to be interested in doing it, and I doubt CZ would be, but it isn't impossible.

What I thought was bizarre was including him as an approver for multisig escrow of the development funds, without some sort of broader initiative such as the above. Perhaps I simply misread your original proposal.

I hope that is more clear.

[smooth]

Might be good for someone to compare XMR price development over the two days to other altcoins. Might well be that the effect of FUD is not even existent...

Quick scan: Over that period the range of LTC was 2.5%,  XMR 13.6%, BBR 27.4%, XCN 34.5%, and all are within 10% of the range closest to their lows over the period.

What I see is that PoW non-app coins (pure currencies) generally, whether CN or BTC based, have declined in degree best indicated by their market cap.

My intuition:  There is no FUD effect.  It is pure imagination.  The price is down because bitcoin. 

My conjecture is that hot money is flowing out of bitcoin into US stocks (BABA) and GBP bets.  This is ADHD money we're talking about.  I give it a week or so, before btc bottoms.  Unless there is an exogenous jump it would be reasonable to expect continuing XMR\BTC decay.  Yet I am unwilling to sell for a turn-around, simply because the scale and likelihood of a positive shock is too large.  The market cap is too small.  One buyer can double the price forever in 20 seconds or less.  I can't risk that.

Totally agree. all that falling may be caused much more by alibaba ipo than fud effect...

There was a direct and significant pump that corresponded exactly with the timing of gmaxwell calling bullshit on one of the FUD claims.

So I have to conclude that the market does indeed pay attention to the FUD and its refutation. On the other hand the pump was also short-lived so it is indeed likely that broad market factors have more influence.

[mmortal03]

Regarding donations - we already have about 20% of the Monero owners joining MEW. If we get this number to about 50%, then it will be easier to fund development as a community effort because there is no free riding.

how to get in there?

a third idea and that is basically how mike hear financed his project is to convince very rich anarchists/libertarians that this project has a lot of value. finding these guys in the bitcoin environment should be easy convincing them that there is place for a second major currency is hard. first because the person probably thinks it shoots its own leg, second because there needs to be an incentive for him. that said I think there are people who see besides their own profit, moral reasons to invest in a project like this.

I just saw on Wikipedia that "Amir Taaki is a speaker of Esperanto, which he promotes as an auxiliary country-neutral international language to preserve local languages. He writes that Esperanto serves to break down barriers and help the flow of media across cultural boundaries." As you all know, Taaki is an anarchist. Has he made any public comments on Monero? I know he is working on Dark Wallet, but what are his perspectives on anonymous altcoins?

[iourzzz]

Regarding a kickstarter:

1- Use kickstarter.com
2- offer a feature
3- reward USD funders with xmr

rinse, repeat.

It is simple; it is low cost; it is likely to work with some non-vanishing probability; it is a market-based mechanism; it is entirely voluntary; it offers positive incentives for everyone.

Kickstarter has requirements for applying and takes its share. Sure you have all the infrastructure to manage your crowd-funding but it can take time, you can be rejected and if you get 95% of the money you must give it all back. Just saying. Worth a try thought.

What's about counterparty.co? It's quite credible and proved it's ability for successful crowdfunding with swarm and storj already. It's much more easy to use than kickstarter and can even promise some bonuses for investors on core level as well.

[fluffypony]

I just saw on Wikipedia that "Amir Taaki is a speaker of Esperanto, which he promotes as an auxiliary country-neutral international language to preserve local languages. He writes that Esperanto serves to break down barriers and help the flow of media across cultural boundaries." As you all know, Taaki is an anarchist. Has he made any public comments on Monero? I know he is working on Dark Wallet, but what are his perspectives on anonymous altcoins?

Amir's hung out in #monero-dev before and discussed database implementations (he and I both lean towards LMDB), but nothing beyond that. I think he's busy with DarkWallet and other stuff, but he may definitely make a comment of some sort in future.

[h3speros]

Might be good for someone to compare XMR price development over the two days to other altcoins. Might well be that the effect of FUD is not even existent...

Quick scan: Over that period the range of LTC was 2.5%,  XMR 13.6%, BBR 27.4%, XCN 34.5%, and all are within 10% of the range closest to their lows over the period.

What I see is that PoW non-app coins (pure currencies) generally, whether CN or BTC based, have declined in degree best indicated by their market cap.

My intuition:  There is no FUD effect.  It is pure imagination.  The price is down because bitcoin.  

My conjecture is that hot money is flowing out of bitcoin into US stocks (BABA) and GBP bets.  This is ADHD money we're talking about.  I give it a week or so, before btc bottoms.  Unless there is an exogenous jump it would be reasonable to expect continuing XMR\BTC decay.  Yet I am unwilling to sell for a turn-around, simply because the scale and likelihood of a positive shock is too large.  The market cap is too small.  One buyer can double the price forever in 20 seconds or less.  I can't risk that.

I'm not above trading BTC comparably aggressive (after all, some of those profits then go into anon coins like XMR), but agreed on what you write here: Unless you trade rather small amounts (and can get in and out without slippage, and are nimble enough to jump back in on short notice), it makes little sense to trade the current swings that are largely secondary effects to XMR's older brother Bitcoin. Small correction maybe: It does make sense if you aren't attached to your XMR position, as in: if you're skimming off profits in USD only. If your goal is increasing an already non-trivial XMR stash, I find it hard to believe this can be achieved by swing trading, given the current market conditions.

i have swing traded xmr and i have lowered my avg btc/xmr buy in by swing trading, approx 20% more xmr, my first buy was month ago at 0.0037 and then 0.003, then i sold at 0.005-0.004 and then bought 0.0037-0.004, then sold again 0.004 and bought 0.0038-0.004, TA has been triangle and 6h ma20

[5w00p]

i have swing traded xmr and i have lowered my avg btc/xmr buy in by swing trading, approx 20% more xmr, my first buy was month ago at 0.0037 and then 0.003, then i sold at 0.005-0.004 and then bought 0.0037-0.004, then sold again 0.004 and bought 0.0038-0.004, TA has been triangle and 6h ma20

Nice.

The reason I have not tried it is because I have worried that if I sold, the price would never come back down. Of course, my XMR hoard is small, but I am always working to increase it, so I may try selling a fraction at a later time, in hopes of buying the dip later.

Edit: What does the last part of your post mean? "TA has been triangle and 6h ma20"

Investonomics?

[generalizethis]

If we're still kicking around fund raising, is there a API available for gambling sites?

[smooth]

If we're still kicking around fund raising, is there a API available for gambling sites?

I'm not sure I understand. How do the needs of these other gambling sites differ from those of exchanges?

[OrientA]

If we're still kicking around fund raising, is there a API available for gambling sites?

I suggest dev create a gambling site and the proceeds go to dev fund.

[h3speros]

i have swing traded xmr and i have lowered my avg btc/xmr buy in by swing trading, approx 20% more xmr, my first buy was month ago at 0.0037 and then 0.003, then i sold at 0.005-0.004 and then bought 0.0037-0.004, then sold again 0.004 and bought 0.0038-0.004, TA has been triangle and 6h ma20

Nice.

The reason I have not tried it is because I have worried that if I sold, the price would never come back down. Of course, my XMR hoard is small, but I am always working to increase it, so I may try selling a fraction at a later time, in hopes of buying the dip later.

Edit: What does the last part of your post mean? "TA has been triangle and 6h ma20"

Investonomics?

this triangle (i have been using little bit fibos and rsi also). this has been risky, i could have ended with less xmr, but also this protects my investment if xmr fails. i have had quite strict plan and i don't recommend you to trade if you don't have a plan or if you are too emotionally attached to your xmr/btc stack.


EDIT. oops, this is not the speculation thread, sry about OT