smooth (OP)
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October 24, 2015, 05:17:56 PM |
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Above comments about CT are correct. However, even with CT, using math an observer can still verify that the coins spent are equal to the coins received. You just can't tell the number.
It's not a bug. It's a feature.  An important feature! With Zerocash I believe this is not the case. Not being able to verify the circulation of a currency is a scary thing. In essence it is "TOO DARK" or "TOO PRIVATE". Monero is a good balance of being black and white.  With the new developments from Shen Monero will do everything zerocash proposes to do without the risk of an infinite supply secretly being created. In theory both have the possibility of a bug that could create extra coins. In practice the math and crypto for CT is vastly more mature and simpler (and can even be mostly understood and followed step-by-step by non cryptographers like me, unlike zerocash). Also CT doesn't have the trusted setup requirement. |
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wpalczynski
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October 24, 2015, 05:42:33 PM |
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Above comments about CT are correct. However, even with CT, using math an observer can still verify that the coins spent are equal to the coins received. You just can't tell the number.
It's not a bug. It's a feature. An important feature! With Zerocash I believe this is not the case. Not being able to verify the circulation of a currency is a scary thing. In essence it is "TOO DARK" or "TOO PRIVATE". Monero is a good balance of being black and white. With the new developments from Shen Monero will do everything zerocash proposes to do without the risk of an infinite supply secretly being created. In theory both have the possibility of a bug that could create extra coins. In practice the math and crypto for CT is vastly more mature and simpler (and can even be mostly understood and followed step-by-step by non cryptographers like me, unlike zerocash). Also CT doesn't have the trusted setup requirement. I was referring strictly to the trusted setup requirement as you call it. |
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klee
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October 24, 2015, 06:47:37 PM |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
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macsga
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Strange, yet attractive.
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October 24, 2015, 06:49:58 PM |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
That's the most sane proposition i've heard EVER concerning the XMR promotion. Let me add this article here for you: https://www.cryptocoinsnews.com/chinas-central-bank-cuts-rates-again-more-bitcoin-adoption-in-the-offing/China people will *VERY soon* have to buy everything they can IMHO. The best thing to do is to mail those guys. |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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smooth (OP)
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October 24, 2015, 06:52:53 PM |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
I don't know but we have been listed on bter for a long time. |
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klee
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October 24, 2015, 06:57:32 PM |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
I don't know but we have been listed on bter for a long time. Bter is ok but the hacking incident killed the volume there. BTC38 has CNY deposits though (not sure about bter). ALTs need direct ALT/CNY market. http://www.bloomberg.com/news/articles/2015-10-23/imf-said-to-give-china-strong-signs-of-reserve-currency-blessingCNY in SDR -> CNY to USD peg END -> CNY down |
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dEBRUYNE
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October 24, 2015, 07:08:00 PM |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
We've tried mailing them before, you can read the response(s) in the following reddit thread: https://www.reddit.com/r/Monero/comments/3d33a9/btc38/ |
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smooth (OP)
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October 24, 2015, 07:17:41 PM |
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BTC38 has CNY deposits though (not sure about bter).
Yeah they do and I think they even have a XMR/CNY trading pair. |
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macsga
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October 24, 2015, 07:25:31 PM |
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China is definitely the main stage now gentlemen. Monday's coming hot and it's gonna be a hell of a week for crypto. Any other exchange we can address maybe?
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Chaos could be a form of intelligence we cannot yet understand its complexity.
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jehst
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October 24, 2015, 07:44:26 PM |
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When the time comes, Chinese will likely pile into LTC again. It has the cultural capital there and the liquidity. BitShares used to have heavy Chinese support on BTC38 but it looks like that dried up.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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macsga
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October 24, 2015, 07:51:34 PM |
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When the time comes, Chinese will likely pile into LTC again. It has the cultural capital there and the liquidity. BitShares used to have heavy Chinese support on BTC38 but it looks like that dried up.
Maybe you got this right. LTC always was the ''vehicle'' of choice in the 90% of BTC pumps. I also expect ETH & XMR to go well too though, (I *wish* would've been the proper word) each for its own reasons (ie: XMR anonymity features would've come handy in China right now). I really believe we are en route for a great week anyway. Buckle up!  |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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wpalczynski
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October 24, 2015, 07:56:48 PM |
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When the time comes, Chinese will likely pile into LTC again. It has the cultural capital there and the liquidity. BitShares used to have heavy Chinese support on BTC38 but it looks like that dried up.
I would expect that too but judging by price they seem to be all about BTC right now. |
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OrientA
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October 24, 2015, 08:08:43 PM |
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When the next general pump comes, Bitcoin will rise fast. Eth and XMR will replace lite coin to be the second choice for whales as these two coins have unique features. One is a coin as well as a platform, the other is anonymous.
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jehst
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October 24, 2015, 08:14:35 PM
Last edit: October 24, 2015, 09:14:14 PM by jehst |
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When the time comes, Chinese will likely pile into LTC again. It has the cultural capital there and the liquidity. BitShares used to have heavy Chinese support on BTC38 but it looks like that dried up.
I would expect that too but judging by price they seem to be all about BTC right now. That's actually normal. Look at LTC:BTC in October 2013. Bitcoin rose fast and LTC:BTC fell. But when the real rally started, people began to see BTC as "expensive" and they wanted to buy altcoins. For Chinese, that meant LTC and the BTC-E classics (NMC and PPC). Although I don't believe in LTC at all (in terms of innovation or usefulness), I find myself in the position where I'm oddly bullish on it. The reason for that is that I think other people will be bullish on it. During bitcoin rallies, other people tend to think that bitcoin is "expensive" because they can't afford to buy one BTC (which is, of course, nonsensical). They also think that maybe LTC or some other coin might go as high as BTC. They plug those numbers into a calculator and think of how rich they'll become. (LOL) In addition, LTC's brand is very strong in China. It's on all the major Chinese exchanges. So I think LTC will be the logical altcoin of choice for new Chinese buyers. But it's hard to say what's happening now. Is this the beginning of a huge rally that actually attracts new buyers or is it just another failed push to 315? Either way, altcoins are becoming very cheap compared to BTC. LTC:XBT Doge:XBT, XMR:XBT, BTS:XBT, etc. all approaching all-time lows when accounting for halvings and reduced emission. Even if bitcoin falls 20%, these battered altcoins will likely rise 20% against BTC (regaining what they've lost in the past month)..so you wouldn't lose USD/EUR. But if bitcoin goes on a big rally, the altcoins might continue to go down for another couple of weeks but then perhaps double or quadruple against bitcoin. So buying altcoins now looks very good. |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Wekkel
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yes
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October 24, 2015, 09:21:44 PM |
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[...]if bitcoin goes on a big rally, the altcoins might continue to go down for another couple of weeks but then perhaps double or quadruple against bitcoin [...]
This. If history repeats, it may be worthwhile to pick up some LTC and PPC if they bleed a bit more while BTC continues to climb. |
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dEBRUYNE
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October 24, 2015, 09:32:43 PM |
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[...]if bitcoin goes on a big rally, the altcoins might continue to go down for another couple of weeks but then perhaps double or quadruple against bitcoin [...]
This. If history repeats, it may be worthwhile to pick up some LTC and PPC if they bleed a bit more while BTC continues to climb. There is one caveat though, back in 2013 PPC/LTC/NMC hardly had any significant competition. Nowadays there are so many (innovative) altcoins out there, that I am wondering if history will repeat itself. The biggest advantages the aformentioned three altcoins have is liquidity and accessibility. However, de facto they don't have any significant innovation over Bitcoin. Sure they have some merit, but will it be sufficient to induce a rally? Questionable in my opinion. |
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Hueristic
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Doomed to see the future and unable to prevent it
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October 24, 2015, 09:46:38 PM |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
I don't know but we have been listed on bter for a long time. but the hacking incident killed the volume there. BTC38 has CNY deposits though (not sure about bter). ALTs need direct ALT/CNY market. BTER is NOT OK. Trading there is rolling the dice. I'm of the opinion the price is not recovering because new money is not going to buy BTC while it's bubbling. That is the reason I have been waiting. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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wpalczynski
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October 24, 2015, 09:50:12 PM |
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Is there any reason on why XMR is NOT listed in btc38???
Chinese will get pretty desperate to enter in cryptos again sooner than most people imagine...
I don't know but we have been listed on bter for a long time. but the hacking incident killed the volume there. BTC38 has CNY deposits though (not sure about bter). ALTs need direct ALT/CNY market. BTER is NOT OK. Trading there is rolling the dice. I'm of the opinion the price is not recovering because new money is not going to buy BTC while it's bubbling. That is the reason I have been waiting. I would argue that Bitcoin is not bubbling as you put it. It feels like a slow and steady uptrend based on recent developments as well as Chinese economic situation. |
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macsga
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October 24, 2015, 09:51:42 PM |
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[...]if bitcoin goes on a big rally, the altcoins might continue to go down for another couple of weeks but then perhaps double or quadruple against bitcoin [...]
This. If history repeats, it may be worthwhile to pick up some LTC and PPC if they bleed a bit more while BTC continues to climb. There is one caveat though, back in 2013 PPC/LTC/NMC hardly had any significant competition. Nowadays there are so many (innovative) altcoins out there, that I am wondering if history will repeat itself. The biggest advantages the aformentioned three altcoins have is liquidity and accessibility. However, de facto they don't have any significant innovation over Bitcoin. Sure they have some merit, but will it be sufficient to induce a rally? Questionable in my opinion. This is mostly the case why those candidates have been floating around all time low lately; sure, they have their fanclub, but I for one, could never go back to LTC or DOGE to name two. Instead I'm tending to follow closely XMR, ETH and a couple of new rather interesting efforts that are not yet released. I'm confident that XMR will be among the top-notch players in crypto land. FWIW: In case BTC rises to the moon, even if you HODL DOGE or Maxcoin will do you good, believe me... |
Chaos could be a form of intelligence we cannot yet understand its complexity.
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binaryFate
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Still wild and free
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October 24, 2015, 09:52:03 PM |
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[...]
BTER is NOT OK. Trading there is rolling the dice.
I'm of the opinion the price is not recovering because new money is not going to buy BTC while it's bubbling. That is the reason I have been waiting.
Isn't bubbling by definition only possible if money is going to buy? |
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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