Skinnkavaj
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English Motherfucker do you speak it ?
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July 28, 2014, 02:08:01 PM |
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Hi
I am going to invest some money in altcoins. I have 2.5btc for that purpose. How much would you suggest investing in monero? What about the risks that it could go to zero this year?
Thank you
Monero is already being used for true anonymity on a lot of exchanges and recently poloniex created markets only for XMR. I believe it have a real good usage here, being the coin that you can improve your privacy with. Monero/XMR have a great future in my opinion. Whether you should invest or not and how much, is your decision. |
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equipoise
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July 28, 2014, 02:12:57 PM |
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I bought a cheap computer 3 months ago and it is not AES-NI. It was good for everything I needed. This was before I discovered Monero. It can and does run Monero.
Which CPU it uses? Maybe I'm mistaken, but I do not know any CPU's without AES-NI. Most of the core i3 (up to 3rd gen) and i5 (up to 2nd gen) don't have AES-NI. Most of the processors sold before 2010-2012 don't have it and even now there are processors (produced 2014) without AES-NI. |
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nioc
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July 28, 2014, 04:34:22 PM |
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I bought a cheap computer 3 months ago and it is not AES-NI. It was good for everything I needed. This was before I discovered Monero. It can and does run Monero.
Which CPU it uses? Maybe I'm mistaken, but I do not know any CPU's without AES-NI. Most of the core i3 (up to 3rd gen) and i5 (up to 2nd gen) don't have AES-NI. Most of the processors sold before 2010-2012 don't have it and even now there are processors (produced 2014) without AES-NI. Inel pentium G3220. It was launched Q3 2013 after being updated to include integrated graphics and is 64 bit, 22nm It can run 10°C hotter than the i series enabling me to mine using both cores to get an amazing 34 H/s  |
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Its About Sharing
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Antifragile
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July 28, 2014, 07:37:57 PM |
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Have to cross post this, at least a part of it. Things are looking good fellas. rpietila what I find very interesting about Monero is how much Bitcoin developers really like the CryptoNote concept. Take for example gmaxwell, PeterTodd, wumpus, nanotube etc.
Every name I mentioned have spoken well about XMR and currently three of the names are active in #Monero-dev.
wumpus is the leader of Bitcoin development team, he took over after Gavin and to my suprise I find him in the Monero dev channel.
I find this very interesting, because all of the guys here are really good cryptographers and have been the core bitcoin developers for years.
To see if the names here also particpate in other altcoin channels on freenode, I checked #darkcoin-dev, #darkcoin, #ethereum and #bytecoin and I could not find any of them has such a huge backing by good developers as Monero have.
For me as an investor, this give Monero huge credibility.
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BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
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Crypto_123
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July 29, 2014, 09:40:54 PM |
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Hey guys, apparently Genesis-Mining.com will add Monero to their mining engine. There is a public poll ongoing about this question ( https://apps.facebook.com/my-polls/coinpoll ). I like Monero so if you guys would engage at this poll as well this would be awesome. Cheers |
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rottentomatoes
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July 29, 2014, 09:54:03 PM |
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Are we going to see 0.01 this year?
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Skinnkavaj
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English Motherfucker do you speak it ?
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July 29, 2014, 10:03:11 PM |
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Are we going to see 0.01 this year?
0.03 this year for sure. |
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rottentomatoes
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July 29, 2014, 10:13:20 PM |
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Are we going to see 0.01 this year?
0.03 this year for sure. Nice, I hope we overtake DRK. |
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aminorex
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Sine secretum non libertas
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July 30, 2014, 12:57:58 AM |
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Are we going to see 0.01 this year?
0.03 this year for sure. Nice, I hope we overtake DRK. This result appears more certain with each passing day. It could happen tomorrow, for that matter. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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superresistant
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July 31, 2014, 02:30:43 PM |
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Are we going to see 0.01 this year?
Possible but according to the emission curve, it is a bit early for 0.01 and above. |
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rpietila
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July 31, 2014, 05:34:58 PM |
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Are we going to see 0.01 this year?
Possible but according to the emission curve, it is a bit early for 0.01 and above. According to the equation: Price = Adoption * Average : Coincount With Adoption=50,000, Average=$1,000, Coincount = 5.5 million, the price would be $9 == 0.015 given that Bitcoin does not go upIf it does, it will probably increase Adoption, but not necessarily enough to offset the BTC/USD increase. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Melbustus
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July 31, 2014, 05:36:55 PM |
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Are we going to see 0.01 this year?
Possible but according to the emission curve, it is a bit early for 0.01 and above. According to the equation: Price = Adoption * Average : Coincount With Adoption=50,000, Average=$1,000, Coincount = 5.5 million, the price would be $9 == 0.015 given that Bitcoin does not go upIf it does, it will probably increase Adoption, but not necessarily enough to offset the BTC/USD increase. What's Litecoin's current adoption? |
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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rpietila
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July 31, 2014, 05:45:12 PM |
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I don't know, but possibly the values would be like:
Adoption = 100,000
Average = 2,300.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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JohnyMonero
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August 02, 2014, 02:58:31 PM |
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I don't know, but possibly the values would be like:
Adoption = 100,000
Average = 2,300.
The values will be a way bigger. Trust me. |
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mineshaft
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August 02, 2014, 03:12:08 PM |
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Monero ecenomy is the best economy in the world!!!
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rpietila
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August 02, 2014, 08:13:56 PM |
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I don't know, but possibly the values would be like:
Adoption = 100,000
Average = 2,300.
The values will be a way bigger. Trust me. Ok. You understand that Adoption * Average equals market cap. And LTC market cap is in a downtrend, meaning that the values are currently not getting bigger but smaller. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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binaryFate
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Still wild and free
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August 02, 2014, 08:16:02 PM |
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I don't know, but possibly the values would be like:
Adoption = 100,000
Average = 2,300.
The values will be a way bigger. Trust me. Ok. You understand that Adoption * Average equals market cap. And LTC market cap is in a downtrend, meaning that the values are currently not getting bigger but smaller. Pretty sure the guy was talking about future Monero numbers... |
Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. This makes Monero a better candidate to deserve the term "digital cash".
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rpietila
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August 02, 2014, 08:19:19 PM |
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I don't know, but possibly the values would be like:
Adoption = 100,000
Average = 2,300.
The values will be a way bigger. Trust me. Ok. You understand that Adoption * Average equals market cap. And LTC market cap is in a downtrend, meaning that the values are currently not getting bigger but smaller. Pretty sure the guy was talking about future Monero numbers... Oh lol, the current numbers are like: Adoption = 8,000 Average = 800. So much less than those of LTC. I agree that we are going up  |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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aminorex
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Sine secretum non libertas
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August 02, 2014, 10:00:17 PM |
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Facebook is well past 50% adoption already. Given it is as popular as the VCR, it may already be past 80% adoption and on the rapidly declining end of its S growth curve.
Isn't FB's active usage actually in the decline already? Remember reading a post concering the matter..  http://arxiv.org/abs/1401.4208 |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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drawingthesun
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August 03, 2014, 01:01:55 AM |
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Hey, can somone here, perhaps AnonyMint, compare the adoption cycle of the tech stuff you've been talking about (Facebook, VCR,etc...) to cults and religon?
I believe you are all wrong to expect crypto currency to have the same adoption curve as technology.
But imagine bitcoin more like a growing cult or religion, now look at the adoption curves of Christianity, Islam, Scientology, etc...
I think if you've calcuted bitcoins adoption curve based on things like the VCR and Microwave you're going to end up being proved very very wrong over the next 20 years.
Or I'll be proven very very wrong.
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