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

[smooth]

Note also that i don't trust TOR, as far as it is backed by US agency

I don't trust Tor either. However for the specific purpose for which I recommended it, I do consider it effective. The idea is to not disclose your own IP to the node operator. Tor does that, and connecting directly does not.

Sure it is certainly true that the US government or other powerful entities may well be able to defeat Tor and link up your transaction with your IP address, but without Tor the US government can still do that, your ISP can do it, and the node operator can do it. That is certainly worse.

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[bigj]

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.

To me the race between XRP and STR is a 'marketing' race to the top. It's the prisoner's dilemma that keeps the price going up... the looser will die.

[ray88]

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 ?

[smooth]

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 ?

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.

[ray88]

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 ?

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 mining since May and i lost everything F***

[smooth]

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 ?

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 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.

[ray88]

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.

[Atrides]

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.

[ray88]

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 ?

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 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

[liteon]

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!

[GBattaglia]

About to break 30 cents.

[GBattaglia]

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.

[GingerAle]

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

[bigj]

Just wait for it

[simmo77]

Just wait for it

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.

[simmo77]

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.

[jehst]

Just wait for it

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.

[fluffypony]

Just wait for it

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.

[rpietila]

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

[Oscilson]

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?