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Author Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency  (Read 4677136 times)
sucksyd
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December 02, 2014, 11:21:32 AM
 #17461


As a fellow newcomer to Monero, I welcome your views Cheesy

Many in the old guard are quite hurt now. They believed in Monero so much as to throw the risk management out of the window in investing.

Some stuff is progressing more slowly than anticipated and Bitcoin price is not at $5,000 as it "should" be. Wealth is decimated and feelings also.

A newcomer can now make incredible bargains. When I started in May, the price was between 0.002-0.010 and volumes were so small that acquiring a BTC100 stash took several weeks. At these prices, not only is BTC100 much less, also you get more XMR  Cheesy



as for you ,darkcoin can not be the rival of monero .i advise counterparty will do some fuss here .but,i still believe in monero
Febo
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December 02, 2014, 03:00:11 PM
 #17462

Last 24 hours 120k Moneros was traded. That can be compared with best days. When price was 3 times higher that was 500 btc.

But no matter the price and reward decreasing, Hash rate is still over 15 MH/s, what is more than half of the maximum ever.

After seeing emission rate, everyone was able to see that there was tiny chance that Monero would gain nice price till this end of year and those low chance was for long time actually on sight. But then also it was seen there is tiny chance that price would not be much higher at end of next year. At some point next year it will just happen the Monero hunger. When? Who knows.
binaryFate
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December 02, 2014, 03:13:36 PM
 #17463

Quote
I would personally love a (temptative) development road map. Doesn't need to be very precise, but I am sure the devs have some rough goals in terms of timing, and it would be very positive to know them.

Most, if not all "Roadmaps" by coins so far have been nothing but promises; we aren't a fan of that.
The missives state what we work on and also what comes next, giving timelines helps no one.

I didn't mean the usual "Pump roadmap" you can see in most of the alts. I hope you're not fan of that, neither I am.
But something much more general would be useful, here I disagree with you that it helps no one.
If we want an economy to build around, boosted by technical projects, there got to be a little bit of info for them, even if completely indicative. For instance knowing a rough schedule for the multisig implementation is useful to develop services that might use it. A rough schedule can be just "probably closer to 6 months than to 2 months".
The community is smart enough to know it's all temptative, you shouldn't be scared to say what are your feelings. The core team cannot develop an entire ecosystem, you got to give a minimal info to potential innovators around you at one point.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
dunchy
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December 02, 2014, 04:59:25 PM
 #17464

Big thanks to all responsible for mymonero.com. It's a great service for the community.

One question though:

If for some reason mymonero.com stops working, what would be the procedure for importing private key into simplewallet ? I guess private key is called "spend" key in mymonero.com ? Also there is "view" key. What is that?
jehst
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December 02, 2014, 05:01:15 PM
 #17465

Big thanks to all responsible for mymonero.com. It's a great service for the community.

One question though:

If for some reason mymonero.com stops working, what would be the procedure for importing private key into simplewallet ? I guess private key is called "spend" key in mymonero.com ? Also there is "view" key. What is that?

Put your Spend, View, and Public key in an encrypted document with a strong password. The view key allows you to let someone else view your balance without giving them your spend key. Cryptography is cool.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
dunchy
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December 02, 2014, 05:08:52 PM
 #17466

Big thanks to all responsible for mymonero.com. It's a great service for the community.

One question though:

If for some reason mymonero.com stops working, what would be the procedure for importing private key into simplewallet ? I guess private key is called "spend" key in mymonero.com ? Also there is "view" key. What is that?

Put your Spend, View, and Public key in an encrypted document with a strong password. The view key allows you to let someone else view your balance without giving them your spend key. Cryptography is cool.

Already did that, of course. But I was wondering if site goes offline for some reason and I need to fallback to simplewallet again, what would I need to do in order to import my key ("spend key" I guess?) back into simplewallet ?

Or is it maybe login key (word sequence) enough to recover whole wallet ? Can I start simplewallet with those as starting arguments?
3x2
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December 02, 2014, 05:37:28 PM
Last edit: December 02, 2014, 06:42:32 PM by 3x2
 #17467

why Monero withdraw disabled on Bittrex?

Edit: working now
Munnu
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December 02, 2014, 06:29:09 PM
Last edit: December 02, 2014, 08:59:37 PM by Munnu
 #17468

Last 24 hours 120k Moneros was traded. That can be compared with best days. When price was 3 times higher that was 500 btc.

But no matter the price and reward decreasing, Hash rate is still over 15 MH/s, what is more than half of the maximum ever.

After seeing emission rate, everyone was able to see that there was tiny chance that Monero would gain nice price till this end of year and those low chance was for long time actually on sight. But then also it was seen there is tiny chance that price would not be much higher at end of next year. At some point next year it will just happen the Monero hunger. When? Who knows.

Is there a list or directory of businesses using Monero? I would like to understand business demand for the currency. Thank you!
statdude
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December 02, 2014, 06:42:50 PM
 #17469

Last 24 hours 120k Moneros was traded. That can be compared with best days. When price was 3 times higher that was 500 btc.

But no matter the price and reward decreasing, Hash rate is still over 15 MH/s, what is more than half of the maximum ever.

After seeing emission rate, everyone was able to see that there was tiny chance that Monero would gain nice price till this end of year and those low chance was for long time actually on sight. But then also it was seen there is tiny chance that price would not be much higher at end of next year. At some point next year it will just happen the Monero hunger. When? Who knows.

Is there a list or directory of businesses using Monero? I would like to understand the business demand for the currency. Thank you!

Usage is great, and DirectBet seems to be on the cusp. This would be a big win for XMR, in my opinion, would be translation and additional interest to non-English communities

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jehst
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December 02, 2014, 06:57:09 PM
 #17470

Last 24 hours 120k Moneros was traded. That can be compared with best days. When price was 3 times higher that was 500 btc.

But no matter the price and reward decreasing, Hash rate is still over 15 MH/s, what is more than half of the maximum ever.

After seeing emission rate, everyone was able to see that there was tiny chance that Monero would gain nice price till this end of year and those low chance was for long time actually on sight. But then also it was seen there is tiny chance that price would not be much higher at end of next year. At some point next year it will just happen the Monero hunger. When? Who knows.

Is there a list or directory of businesses using Monero? I would like to understand the business demand for the currency. Thank you!

Usage is great, and DirectBet seems to be on the cusp. This would be a big win for XMR, in my opinion, would be translation and additional interest to non-English communities

I'm not going to spend any of my XMR at a loss.

Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
liteon
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December 02, 2014, 07:12:18 PM
 #17471

I'm not going to spend any of my XMR at a loss.

What would happen if at this price someone sell like 2000 XMR?

Selling NordVPN account with premium sub - expires 2021! PM me to buy.
3x2
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December 02, 2014, 07:16:21 PM
 #17472

I'm not going to spend any of my XMR at a loss.

What would happen if at this price someone sell like 2000 XMR?
Nothing, someone sold much more than that  Tongue
oblox
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December 02, 2014, 07:16:43 PM
 #17473

I'm not going to spend any of my XMR at a loss.

What would happen if at this price someone sell like 2000 XMR?

On Polo, it would go to 0.00134111 based on the current orderbook. Use the estimate trading feature on bitcoinwisdom to show the effect.
coins101
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December 02, 2014, 07:40:45 PM
 #17474

WTF with the price?

Major support at 150000 satoshis pulled.

Monero is behind BitcoinDark in market cap. Check www.coinmarketcap.com

Behind in price does not equal being behind.
Why are you fighting?
Dark and Monero arent enemies

ah, I see. My sig gave you the implication that i was fighting, when my comment was in support of XMR.

I'll remember to add an extra sentence or two to explain myself better next time.
digicoin
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December 02, 2014, 07:46:51 PM
 #17475

I don't care much about price at the moment. XMR is not a pump and dump coin. Short-term high price solves nothing. What I care about is development. At least for now. I haven't sold any coin that I mined
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December 02, 2014, 08:07:03 PM
 #17476

Dark and Monero arent enemies

They are, however, competitors for dominance of the most defensible liquidity niche in all of crypto.  Liquidity points to drk.  Security points to xmr.

bitcoinwisdom shows a similar volume for both, so i wouldnt say drk is more liquid than xmr
Correct.
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December 02, 2014, 09:07:15 PM
 #17477

Hi guys - just a quick update, we had the Missive up earlier on forum.monero.cc, but pulled it down because of a breaking bug in the Windows 0.8.8.5 builds (OS X, Linux, and FreeBSD are all fine). We're diagnosing and fixing, and will be putting it back up as soon as it's fixed:)

smooth
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December 02, 2014, 09:08:04 PM
 #17478

Or is it maybe login key (word sequence) enough to recover whole wallet ? Can I start simplewallet with those as starting arguments?

In theory the login (seed words) should be enough to recover the whole wallet (once the shorter seed format is fixed), but printing out the whole page and storing it in a safe place is a good idea anyway.

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December 02, 2014, 09:37:44 PM
 #17479

Or is it maybe login key (word sequence) enough to recover whole wallet ? Can I start simplewallet with those as starting arguments?

In theory the login (seed words) should be enough to recover the whole wallet (once the shorter seed format is fixed), but printing out the whole page and storing it in a safe place is a good idea anyway.



Just be sure to properly dispose of printers with HDD.

mmortal03
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December 02, 2014, 09:41:36 PM
 #17480

WTF with the price?

Major support at 150000 satoshis pulled.

Monero is behind BitcoinDark in market cap. Check www.coinmarketcap.com

Behind in price does not equal being behind.

It's still good to look at to keep us honest, though, regardless of whatever we *think* our long term fundamental advantages are. Monero definitely has a perception problem from many investors' points of view at the moment.
I can understand your sentiment, but I ask:

How can you single-handedly perceive that many investors' points of view reflect a problem with Monero's perception?

Simply because we know that big money is flowing into various cryptocurrency projects right now, and they just aren't choosing Monero.
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