[XMR] Monero Speculation

[smoothie]

Oh look, a celebrity endorsement of an excellent, bootstrappy XMR use case!

https://www.reddit.com/r/Bitcoin/comments/3s085o/why_the_altcoin_takeover_scenario_has_become_a/cwt2prf

[–]Peter Todd - Bitcoin Expert

For me personally shapeshift adds a lot of value to Bitcoin, as it gives me much stronger privacy by using Monero as an anonymous intermediary point. Specifically, I buy Monero on shapeshift, then sell it to xmr.to, which in turn sends bitcoins to the Bitcoin address of my choice.

...except Shapeshift doesn't allow you to get XMR at the moment (along with a bunch of other coins). No one seems to have a clue why.

You would think Erik would have made a tweet or post about why this is the case by now...hmm

[1715616077]

1715616077

[jehst]

Oh look, a celebrity endorsement of an excellent, bootstrappy XMR use case!

https://www.reddit.com/r/Bitcoin/comments/3s085o/why_the_altcoin_takeover_scenario_has_become_a/cwt2prf

[–]Peter Todd - Bitcoin Expert

For me personally shapeshift adds a lot of value to Bitcoin, as it gives me much stronger privacy by using Monero as an anonymous intermediary point. Specifically, I buy Monero on shapeshift, then sell it to xmr.to, which in turn sends bitcoins to the Bitcoin address of my choice.

...except Shapeshift doesn't allow you to get XMR at the moment (along with a bunch of other coins). No one seems to have a clue why.

I imagine that Shapeshift doesn't allow certain altcoins because of low liquidity.

Edit: But upon second look, they have some coins available that are even less liquid than XMR.

[aerbax]

...
I imagine that Shapeshift doesn't allow certain altcoins because of low liquidity.

Edit: But upon second look, they have some coins available that are even less liquid than XMR.

I don't think it's a liquidity issue.  They just buy and sell through Poloniex as far as I can tell...at least every time I've bought XMR through Shapeshift, I can see my purchase amount in the Poloniex log.

I think they ran into some sort or technical issue last week.  A few of us had transactions that said they went through, but never appeared on the blockchain.  A day or so later we got a refund and a "Sorry about that - we're having some Monero issues." email.

[GingerAle]

...
I imagine that Shapeshift doesn't allow certain altcoins because of low liquidity.

Edit: But upon second look, they have some coins available that are even less liquid than XMR.

I don't think it's a liquidity issue.  They just buy and sell through Poloniex as far as I can tell...at least every time I've bought XMR through Shapeshift, I can see my purchase amount in the Poloniex log.

I think they ran into some sort or technical issue last week.  A few of us had transactions that said they went through, but never appeared on the blockchain.  A day or so later we got a refund and a "Sorry about that - we're having some Monero issues." email.

Prolly a kyc thing if I were to guess. If shapeshifter really does do that with polo, then that's a sure fire loophole for their new requirements.

Btw I still owe u that Iso. Been busy. Will try to get it up soon.

And sorry haters. I speculate that monero is gonna run into a wired situation that no one wants to sell monero for these cheap prices. What happens then?

[ArticMine]

...

And sorry haters. I speculate that monero is gonna run into a wired situation that no one wants to sell monero for these cheap prices. What happens then?

Price will have to rise until there are sellers willing to sell. My take is that what is holding Monero at these prices is a host of "unfinished business" starting of course with the 0.9 release. What is potentially very dangerous for the shorts at these prices is that this "unfinished business" is slowly being addressed.

Then there is of course the whole blocksize debate in Bitcoin. The degree of denial in the Bitcoin community about this is just mind boggling.

[pa]

...

And sorry haters. I speculate that monero is gonna run into a wired situation that no one wants to sell monero for these cheap prices. What happens then?

Price will have to rise until there are sellers willing to sell. My take is that what is holding Monero at these prices is a host of "unfinished business" starting of course with the 0.9 release. What is potentially very dangerous for the shorts at these prices is that this "unfinished business" is slowly being addressed.

Then there is of course the whole blocksize debate in Bitcoin. The degree of denial in the Bitcoin community about this is just mind boggling.

Why are you so pessimistic about Bitcoin's blocksize debate? Clearly both sides have a huge incentive to arrive at a compromise.

[ArticMine]

...

And sorry haters. I speculate that monero is gonna run into a wired situation that no one wants to sell monero for these cheap prices. What happens then?

Price will have to rise until there are sellers willing to sell. My take is that what is holding Monero at these prices is a host of "unfinished business" starting of course with the 0.9 release. What is potentially very dangerous for the shorts at these prices is that this "unfinished business" is slowly being addressed.

Then there is of course the whole blocksize debate in Bitcoin. The degree of denial in the Bitcoin community about this is just mind boggling.

Why are you so pessimistic about Bitcoin's blocksize debate? Clearly both sides have a huge incentive to arrive at a compromise.

Because I have followed this issue since early 2012, and I have observed the quality of the debate get a lot worse during since then.

[smoothie]

...

And sorry haters. I speculate that monero is gonna run into a wired situation that no one wants to sell monero for these cheap prices. What happens then?

Price will have to rise until there are sellers willing to sell. My take is that what is holding Monero at these prices is a host of "unfinished business" starting of course with the 0.9 release. What is potentially very dangerous for the shorts at these prices is that this "unfinished business" is slowly being addressed.

Then there is of course the whole blocksize debate in Bitcoin. The degree of denial in the Bitcoin community about this is just mind boggling.

How are you supposing the XMR price is linked to the blocksize debate in Bitcoin?

[ArticMine]

...

How are you supposing the XMR price is linked to the blocksize debate in Bitcoin?

Not yet. XMR is too far "below the radar" at this point; however a significant move in the XMR price say after 0.9 is out combined with a blow-up on the Bitcoin side and all bets are off.

Edit: XMR does not have a blocksize issue. It is the main reason I invested in XMR in the first place.

[americanpegasus]

Refresh my memory.  What are the goal posts for a 0.9 release vs. a 1.0 release? 
 
Will we see the fabled "four" core libraries of Monero form in the 0.9 release making wiring up the GUI after that trivial?  Or will 0.9 just pave the way for us to finally realize those four major sections of competency.   
 
I wish there were some way to see a *very* broad overview of the software goals, and then be able to explore down into more and more detail as I wish to learn more.

[ArticMine]

Refresh my memory.  What are the goal posts for a 0.9 release vs. a 1.0 release?  
  
Will we see the fabled "four" core libraries of Monero form in the 0.9 release making wiring up the GUI after that trivial?  Or will 0.9 just pave the way for us to finally realize those four major sections of competency.    
  
I wish there were some way to see a *very* broad overview of the software goals, and then be able to explore down into more and more detail as I wish to learn more.

From the design and development goals, https://getmonero.org/design-goals/ I would say everything under "Recently Completed" for 0.9.

Edit: That will not include Libraryize (core / account / consensus / RPC)

[digicoin]

What is "mini-chain"? I saw it under "Recently Completed".

[elrippo]

Monero is picking up some volume again, very nice to see the growing at polo  

[aminorex]

Yeah, things are looking extremely good for XMR right now, in mark-to-fiat terms.  In mark-to-btc terms, it is looking even better, as my monkey expects two weeks of continuing XBTUSD weakness.

[kurious]

Yeah, things are looking extremely good for XMR right now, in mark-to-fiat terms.  In mark-to-btc terms, it is looking even better, as my monkey expects two weeks of continuing XBTUSD weakness.

WRT longer term than two weeks.... does Monkey think the high 10s was the absolute bottom...?

And can Monkey see the 0.002Xs (or better) returning as a trading range soon...

I hate to presume and ask the oracle too many questions, but can't resist as he is seemingly feeling positive.

[klee]

Yeah, things are looking extremely good for XMR right now, in mark-to-fiat terms.  In mark-to-btc terms, it is looking even better, as my monkey expects two weeks of continuing XBTUSD weakness.

Actually BTCUSD at Stamp gave a very powerful buy signal hours ago in the 2h chart. Bottom was 353 IMHO...

[aminorex]

I do think it XBTUSD is looking bullish intraday again.  I would require some convincing on a daily basis, however.

[klee]

I do think it XBTUSD is looking bullish intraday again.  I would require some convincing on a daily basis, however.

Bulls walk up stairs, bears jump out of windows!

[LucyLovesCrypto]

Every day when I wake up I hope to hear an announcement about 0.9.  One day my dream will come true.

[americanpegasus]

Hey guys, here's a rough sketch of a piece I'm working on.  I plan to eventually make some video game tie-in art based on this graphic.  Do you have any suggestions to improve the data here?  For example, are they things we can put into the blank spots?  I know the dollar really isn't "private" but the argument can be made that no money that obeys a central authority is truly private, and the dollar is private so long as those who control it don't wish to break your privacy.