Monero (XMR) Speculation thread

[Whoisthelorax]

^Monero passed the pre-mine test: http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#monero. XMR is not pre-mined. Stop with the FUD.

I'll point out that I wrote that (disclaimer: I have no Monero in my possession). The slow block susbidy method is commendable; i suspect most coins in the future will do that as the halving system is needlessly clunky.

a good portion of the coins will be mined in 4 years, which isn't ideal, but yes you are correct, this is not an instamine.

blockchain shows no premine, either.

When you compare this to darkcoin's first few days of mining...LOLOLOLOLOL. They have to be afraid of this coin.

[1715471597]

1715471597

[nutildah]

I'm speculating that Monero is bullshit and will go to .00000001 based on the quality of the "community" involved.

Whenever a new coin has a pack of rabid, flame-retardant fanboys foaming at the mouth over it in trollboxes and forums worldwide, it gives me pause. Most of the time these people don't even know they are brainwashed and pumping on behalf of a larger, more powerful entity who will soon hang them out to dry.

I've watched this play out least ten times in the last 2 months, and nobody learns a thing. Different coin, same mind control techniques, same pump and dump. The only thing that ever changes is the name of the coin.

That would be true regardless of the coin.  Once it burns off, you'll find there is gold under that load of crap.  This has happened before as well, just less often.  Gold is after all rare.

Whoops... What was supposed to be under all that crap again? Looks like I am still pretty right.

[MaleVoiceJohn]

Monero is the best currency!

No it's not. BCN is supported by a great team, this means that it don't need such great dstribution of the coins. What does matter is the rate. And BCN already won this race.

[Keyboard-Mash]

Yeah, BCN's got a market cap over ten million!!! $10,746,109 at the last price of 12 satoshis. Way to go BCN ... guess I missed that train now all that's left is the crash (hope not). I mean ... who would buy it at such a high price though? As it's clearly a top 10 coin right now, I'll let my savings mature because it'll definitely hold that price

Guess I'll just stick with buying more XMR, has so much potential to grow

[JazzManLoveBTC]

Yeah, BCN's got a market cap over ten million!!! $10,746,109 at the last price of 12 satoshis. Way to go BCN ... guess I missed that train now all that's left is the crash (hope not). I mean ... who would buy it at such a high price though? As it's clearly a top 10 coin right now, I'll let my savings mature because it'll definitely hold that price

Guess I'll just stick with buying more XMR, has so much potential to grow

Yeah. you should read this. https://bitcointalk.org/index.php?topic=639375
This thread gives a lot of thoughs that major part of the network is a botnet. You know... botnet never contribute to the development of the technology, all they care for is mining and selling the coin.

[Keyboard-Mash]

Oh .. you mean that GPU miner that was out for no more than two weeks before there was a different one available to every single person here? Hell, there's even GPU botnets available to mine right now!

Come on, ya gotta try harder than that I don't think anyone's going to slap their grandmas over having .. what .. let's even 40% of the hashrate for that time gives about 221,760 coins. What's that like 1.2% of the currency? FFS if anything they gave me time to buy in cheap because they consistently dump that straight to market Not like those coins that come straight w/ a premine right out of the first block .. I mean have you seen the volume over the last few weeks? Does it look like these unicorn botnets are hoarding?

Botnets are a non-issue dude, they're a finite resource that most people need to pay for. Anyone owning high end GPU cards should have an antivirus .. end of story (in fact most monero virsues are picked up quite fast these days because of the unicorn botnets). Even then, it's not 'free' money to anyone. It's theft of resources and power (which costs unsuspecting people money if they've been exploited). If you think they're a centralized process, then please provide me proof that there's one botnet in control of such a vast amount of resources? And even then, can you prove to me that the exponentially increasing difficulty and prices won't invite thousands more miners .. negating the effect you seem to be worried about?

They're run for-profit and they're historically dumped onto the market, keeping the price down and smoothing out crazy pumps (this coupled with high emission is a genius combination for penetration IMO). That's only a bad thing if you have a turd coin and demand immediate profit when your coin is still less than a year old. Hell, I have the ability to mine profitably right now .. but I don't. Every hash that I put into the pot right now might put someone else off from getting into this for the first time. I'm already interested .. and have the mental capacity to make more XMR on the market than I do mining it anyhow

[CheesyCoiner]

Yeah, BCN's got a market cap over ten million!!! $10,746,109 at the last price of 12 satoshis. Way to go BCN ... guess I missed that train now all that's left is the crash (hope not). I mean ... who would buy it at such a high price though? As it's clearly a top 10 coin right now, I'll let my savings mature because it'll definitely hold that price

Guess I'll just stick with buying more XMR, has so much potential to grow

Yeah. you should read this. https://bitcointalk.org/index.php?topic=639375
This thread gives a lot of thoughs that major part of the network is a botnet. You know... botnet never contribute to the development of the technology, all they care for is mining and selling the coin.

Oh shi~
Currency that is mined by botnets has no future. It's kinda fundamental truth

[Keyboard-Mash]

Yeah, take a look at bitcoin and litecoin  

[PizzaTraveler]

Yeah, BCN's got a market cap over ten million!!! $10,746,109 at the last price of 12 satoshis. Way to go BCN ... guess I missed that train now all that's left is the crash (hope not). I mean ... who would buy it at such a high price though? As it's clearly a top 10 coin right now, I'll let my savings mature because it'll definitely hold that price

Guess I'll just stick with buying more XMR, has so much potential to grow

Yeah. you should read this. https://bitcointalk.org/index.php?topic=639375
This thread gives a lot of thoughs that major part of the network is a botnet. You know... botnet never contribute to the development of the technology, all they care for is mining and selling the coin.

Oh shi~
Currency that is mined by botnets has no future. It's kinda fundamental truth

No. There is a one way to fix it. Releasing relevant updates for strategic development of the technology can solve this problem and make bright future. But only developers can create this updates. BCN's developers know how to provide them. But what about MRO's developers?

[Keyboard-Mash]

For anyone trying to measure out their "code update" dicks, please consider taking a look at:

Monero github : 131 commits, last commit 19 hours ago, 12 contributors, pulse: has one

Bytecoin github : 46 commits, last commit May 22, 5 contributors, pulse: non-existant

It's not a competition .. I mean don't you have a Bytecoin speculation thread to be posting all these fudnuggets in?

[MaleVoiceJohn]

Botnets are a non-issue dude, they're a finite resource that most people need to pay for. Anyone owning high end GPU cards should have an antivirus .. end of story (in fact most monero virsues are picked up quite fast these days because of the unicorn botnets).

Since when botnets and virsuses stop being a problem?
Viruses makes currency using unfair. Botnets makes currency not liquid. Imo you are not right, bro.

[Anotheranonlol]

For anyone trying to measure out their "code update" dicks, please consider taking a look at:

Monero github : 131 commits, last commit 19 hours ago, 12 contributors, pulse: has one, metal =  Silver

Bytecoin github : 46 commits, last commit May 22, 5 contributors, pulse: non-existant, metal =  Tin Plated Nickel

It's not a competition .. I mean don't you have a Bytecoin speculation thread to be posting all these fudnuggets in?

mountcoin github : 16 commits, last commit 18 days ago, 1 contributors, pulse: we need a doctor stat, metal = aluminium foil
Boolberry github : 189 commits, last commit 13 hours ago, 4 contributors, pulse: strong, metal = Rhodium

[Keyboard-Mash]

lol at your creativeness, but I was specifically referencing whether or not there was one at all on the github .. like this example.

Hell let's not forget the rest!

fantomcoin github : 88 commits, last 18 days ago, 8 contributors, pulse: none

aeon github : 3 commits, last 8 days ago, 0 contributors, pulse: none

[Gabri]

Monero price is growing really nice lastly. People start realizing the potential this coin has. I think in a couple of weeks we will be at x10 actual price.

[Keyboard-Mash]

Botnets are a non-issue dude, they're a finite resource that most people need to pay for. Anyone owning high end GPU cards should have an antivirus .. end of story (in fact most monero virsues are picked up quite fast these days because of the unicorn botnets).

Since when botnets and virsuses stop being a problem?
Viruses makes currency using unfair. Botnets makes currency not liquid. Imo you are not right, bro.

What makes you think they're a problem for the currency? They're a problem for the person that allows themselves to be exploited, and the law by which that person was supposed to be governed by, but not the Monero currency. Unfairness is part of life.Completely removing the biggest base of the 'botnets', which are going to be guys just renting a bunch of EC2 instances and focusing only on the viral software .. just because someone gets richer than me by stealing doesn't mean I should be blaming myself for making too little, or them for too much. What I should be asking is, if they haven't been caught .. then why am I really not doing it? Why wouldn't they be richer than me? They're cheating, stealing things that nobody has 100% control over. Someone is paying for that, it is still maintained that the same market price is paid by all .. nothing is lost and this is not a violation of any physical law. Monero developers can't be crucified for this, no developers (other than the ones actually doing the stealing) can be held in contempt for that .. it just doesnt make sense. It would be neat it if we could all have the exact same processing power, but this world is far from ideal .. and rightly so otherwise we'd probably have little need of cryptocurrencies in the first place.

I just don't get to blame others for my own mental shortcomings .. at least not here in this situation. If I were to steal resources for this like them, I could only really do it by holding up a best buy and grabbing some PC parts to mine with (or spending an infinite amount of time learning programming -- time i don't have now that I have taken a different path to make my livelihood). I don't have the programming aptitude to steal someones GPU for any given about of time remotely. As such, I practically only have the ability to put a few dollars into the market and double it every few weeks though. That ability came with practice. Alternatively, I can pay attention to as much as possible, so I'm first in line when either the market or mines open up. That comes with patience. Practice and patience will often get you much further than theft alone.

[MaleVoiceJohn]

What makes you think they're a problem for the currency? They're a problem for the person that allows themselves to be exploited, and the law by which that person was supposed to be governed by, but not the Monero currency. Unfairness is part of life.Completely removing the biggest base of the 'botnets', which are going to be guys just renting a bunch of EC2 instances and focusing only on the viral software .. just because someone gets richer than me by stealing doesn't mean I should be blaming myself for making too little, or them for too much. What I should be asking is, if they haven't been caught .. then why am I really not doing it? Why wouldn't they be richer than me? They're cheating, stealing things that nobody has 100% control over. Someone is paying for that, it is still maintained that the same market price is paid by all ..

What can hurt coin consumers - will hurt currency. You don't need to be genius to realize it. The fact is a lot of users are not technically-educated. It's difficult to them to stay safe from viruses or meet with unfairness. That's why it's a problem of monero. Yeah, you are right that someone is paying for that. But people don't want to pay for other scams. That's why it's a problem

[MoonVoyajer]

For anyone trying to measure out their "code update" dicks, please consider taking a look at:

Monero github : 131 commits, last commit 19 hours ago, 12 contributors, pulse: has one

Bytecoin github : 46 commits, last commit May 22, 5 contributors, pulse: non-existant

It's not a competition .. I mean don't you have a Bytecoin speculation thread to be posting all these fudnuggets in?

Lol. MRO's developers do not merge the code at GitHub. You know why? Becuae they just ctrl+c and ctrl+v chunks of code. They just jerking of in trying to imitate some intense activity, but their commits show that all real changes appear after it had been deposited at BCN. And they do not even care to mention that the code is taken from BCN which (sounds ironically) is mere stealing and violation of open-source technology regulations.

[GreekBitcoin]

For anyone trying to measure out their "code update" dicks, please consider taking a look at:

Monero github : 131 commits, last commit 19 hours ago, 12 contributors, pulse: has one

Bytecoin github : 46 commits, last commit May 22, 5 contributors, pulse: non-existant

It's not a competition .. I mean don't you have a Bytecoin speculation thread to be posting all these fudnuggets in?

Lol. MRO's developers do not merge the code at GitHub. You know why? Becuae they just ctrl+c and ctrl+v chunks of code. They just jerking of in trying to imitate some intense activity, but their commits show that all real changes appear after it had been deposited at BCN. And they do not even care to mention that the code is taken from BCN which (sounds ironically) is mere stealing and violation of open-source technology regulations.

Did you guys get bored with circlejerking at BCN thread and decided to spam with all those June created accounts in this thread?

[Keyboard-Mash]

Lol. MRO's developers do not merge the code at GitHub. You know why? Becuae they just ctrl+c and ctrl+v chunks of code. They just jerking of in trying to imitate some intense activity, but their commits show that all real changes appear after it had been deposited at BCN. And they do not even care to mention that the code is taken from BCN which (sounds ironically) is mere stealing and violation of open-source technology regulations.

That's awkward, who are all those people merging code into the master that aren't BCN devs though? It's wierd that I have an electrum seed with Monero, and not BCN. It's wierd that there's actually an improving api. The funniest part is that developers of the BCN code have not only accepted Monero as a currency, they've embraced it and more.

Perhaps we were slightly over-focused on the technology experiments. What you are doing to spread the word about CryptoNote can actually be even more important and we urge you to proceed. We see your point in blaming BCN's developers for their own vision on cryptocurrencies.

There is an issue in Bitcoin, for instance, which we see as one of its major drawbacks. The core team seems to be too small to keep maintaining the code base efficiently, while the majority of the services and activists is focused on spreading the word about their businesses. This narrow interest is what we fear might happen to CryptoNote. That is why we are eager to persist this technology-driven development. I hope this clarifies our position.

The code developers are quoted in every file in the github, save for epee. You should try harder little fella.

[Anotheranonlol]

For anyone trying to measure out their "code update" dicks, please consider taking a look at:

Monero github : 131 commits, last commit 19 hours ago, 12 contributors, pulse: has one

Bytecoin github : 46 commits, last commit May 22, 5 contributors, pulse: non-existant

It's not a competition .. I mean don't you have a Bytecoin speculation thread to be posting all these fudnuggets in?

Lol. MRO's developers do not merge the code at GitHub. You know why? Becuae they just ctrl+c and ctrl+v chunks of code. They just jerking of in trying to imitate some intense activity, but their commits show that all real changes appear after it had been deposited at BCN. And they do not even care to mention that the code is taken from BCN which (sounds ironically) is mere stealing and violation of open-source technology regulations.

To be fair, they've credited boolberry devs any time they've done a ctrl+c and v there