[XMR] Monero Speculation

[dEBRUYNE]

The support zone (165k-170k) got tested once again on high volume. Bear in mind that everytime it holds on high volume it gets stronger and is less likely to break in the future. In addition, the ask side is rather flattish back to 200k. I can only spot one (minor) wall so far at 190k. Furthermore, the lending rates are still quite high, which lets me believe that there are still open shorts out their that need to rebuy/cover.

Also, Bitcoin seems to be somewhat declining currently after reaching a local (high) above 450, which usually is a good thing since most altcoin traders tend to dump on a Bitcoin spike.

[macsga]

The support zone (165k-170k) got tested once again on high volume. Bear in mind that everytime it holds on high volume it gets stronger and is less likely to break in the future. In addition, the ask side is rather flattish back to 200k. I can only spot one (minor) wall so far at 190k. Furthermore, the lending rates are still quite high, which lets me believe that there are still open shorts out their that need to rebuy/cover.

Also, Bitcoin seems to be somewhat declining currently after reaching a local (high) above 450, which usually is a good thing since most altcoin traders tend to dump on a Bitcoin spike.

The fact we're experiencing a fast and heavy BTC dump makes me confident that we will retest 240-260k soon...

[dEBRUYNE]

The support zone (165k-170k) got tested once again on high volume. Bear in mind that everytime it holds on high volume it gets stronger and is less likely to break in the future. In addition, the ask side is rather flattish back to 200k. I can only spot one (minor) wall so far at 190k. Furthermore, the lending rates are still quite high, which lets me believe that there are still open shorts out their that need to rebuy/cover.

Also, Bitcoin seems to be somewhat declining currently after reaching a local (high) above 450, which usually is a good thing since most altcoin traders tend to dump on a Bitcoin spike.

The fact we're experiencing a fast and heavy BTC dump makes me confident that we will retest 240-260k soon...

I've noticed that XMR does best when BTC is relatively stable.

[Bagatell]

The fact we're experiencing a fast and heavy BTC dump makes me confident that we will retest 240-260k soon...

Call me pedantic but I'd hardly call a $7 drop on a $77 advance a dump. Below $400 would be a dump.

[wpalczynski]

The fact we're experiencing a fast and heavy BTC dump makes me confident that we will retest 240-260k soon...

Call me pedantic but I'd hardly call a $7 drop on a $77 advance a dump. Below $400 would be a dump.

Corrections always will happen.

[aminorex]

The fact we're experiencing a fast and heavy BTC dump makes me confident that we will retest 240-260k soon...

Call me pedantic but I'd hardly call a $7 drop on a $77 advance a dump. Below $400 would be a dump.

Probably you need to factor volume quite heavily when defining "dump", to accommodate ordinary use of the word.  On a price basis, the conventional nomenclature has 10%+ down constituting a "correction" and 20%+ constituting a "bear market”, although there are various problems with those naïve 1-d criteria as well.

[primer-]

https://www.reddit.com/r/ethereum/comments/46vam5/ring_signatures_and_decomposing_the_economics_of/

Vitalik working hard on ETHEREUM ring signatures dApp. Couple of months left for Monero before it becomes obsolete.

[dnaleor]

https://www.reddit.com/r/ethereum/comments/46vam5/ring_signatures_and_decomposing_the_economics_of/

Vitalik working hard on ETHEREUM ring signatures dApp. Couple of months left for Monero before it becomes obsolete.

lol

ETH-ringsigs doesn't solve the "Satoshi Coin Problem":

if a big holder of ETh moves his coins to a ring sig dApp, we can actually see his coins moving in. this taints his coins
also, transparent transactions will probably still be possible. Mixing isn't enforced on Ethereum-network

[dEBRUYNE]

https://www.reddit.com/r/ethereum/comments/46vam5/ring_signatures_and_decomposing_the_economics_of/

Vitalik working hard on ETHEREUM ring signatures dApp. Couple of months left for Monero before it becomes obsolete.

lol

ETH-ringsigs doesn't solve the "Satoshi Coin Problem":

if a big holder of ETh moves his coins to a ring sig dApp, we can actually see his coins moving in. this taints his coins
also, transparent transactions will probably still be possible. Mixing isn't enforced on Ethereum-network

In addition, that thread doesn't show any development progress whatsoever. Also, we have been over this a few times with primer, so no need to start an endless discussion again.

[wpalczynski]

https://www.reddit.com/r/ethereum/comments/46vam5/ring_signatures_and_decomposing_the_economics_of/

Vitalik working hard on ETHEREUM ring signatures dApp. Couple of months left for Monero before it becomes obsolete.

lol

ETH-ringsigs doesn't solve the "Satoshi Coin Problem":

if a big holder of ETh moves his coins to a ring sig dApp, we can actually see his coins moving in. this taints his coins
also, transparent transactions will probably still be possible. Mixing isn't enforced on Ethereum-network

In addition, that thread doesn't show any development progress whatsoever. Also, we have been over this a few times with primer, so no need to start an endless discussion again.

Sounds like someone is bottom-sore because they missed the train.

[TrueCryptonaire]

https://www.reddit.com/r/ethereum/comments/46vam5/ring_signatures_and_decomposing_the_economics_of/

Vitalik working hard on ETHEREUM ring signatures dApp. Couple of months left for Monero before it becomes obsolete.

Thank you for borrowing my coins with higher rates.

[fluffypony]

https://www.reddit.com/r/ethereum/comments/46vam5/ring_signatures_and_decomposing_the_economics_of/

Vitalik working hard on ETHEREUM ring signatures dApp. Couple of months left for Monero before it becomes obsolete.

Well then thank goodness Monero is so much more than a one trick ... err ... pony.

Also: PoS, lolzworthy at best. Just like you! No wonder you like it:)

[dEBRUYNE]

Friendly reminder for everyone, the work and activity on the GUI can be followed here:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

[bitebits]

Friendly reminder for everyone, the work and activity on the GUI can be followed here:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

Aha, so work has already fully started. Thanks for sharing the links.

May I suggest posting the links to the funding page as well, since I was under the (naive) impression nothing was happening yet.

[dEBRUYNE]

Friendly reminder for everyone, the work and activity on the GUI can be followed here:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

Aha, so work has already fully started. Thanks for sharing the links.

May I suggest posting the links to the funding page as well, since I was under the (naive) impression nothing was happening yet.

Except from https://github.com/mbg033/bitmonero, they are all in the OP. I'll ask othe if he can add that one as well.

[letsplayagame]

Friendly reminder for everyone, the work and activity on the GUI can be followed here:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

Aha, so work has already fully started. Thanks for sharing the links.

May I suggest posting the links to the funding page as well, since I was under the (naive) impression nothing was happening yet.

Except from https://github.com/mbg033/bitmonero, they are all in the OP. I'll ask othe if he can add that one as well.

Will the new GUI offer the ability to use the view key function for Monero cold storage wallets?

[dEBRUYNE]

Friendly reminder for everyone, the work and activity on the GUI can be followed here:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

Aha, so work has already fully started. Thanks for sharing the links.

May I suggest posting the links to the funding page as well, since I was under the (naive) impression nothing was happening yet.

Except from https://github.com/mbg033/bitmonero, they are all in the OP. I'll ask othe if he can add that one as well.

Will the new GUI offer the ability to use the view key function for Monero cold storage wallets?

I think it will, I'll ask about it later. Also, you can already check if your funds arrived safely at your (cold) wallet address using this tool:

First, make sure to save the transaction hash shapeshift, an exchange, or simplewallet provided you with. Subsequently, you can use the following tool:

http://xmrtests.llcoins.net/checktx.html

Fill in your address, the viewkey that belongs to the address, and the transaction hash of the specific transaction. It should show you something like: "These outputs are yours". The sum of those outputs should be equal to the amount that was sent. I suggest using a test amount first to try out the tool and get a bit familiar with it.

Using this tool you can be certain that your funds arrived safely at your wallet.

[letsplayagame]

Friendly reminder for everyone, the work and activity on the GUI can be followed here:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

Aha, so work has already fully started. Thanks for sharing the links.

May I suggest posting the links to the funding page as well, since I was under the (naive) impression nothing was happening yet.

Except from https://github.com/mbg033/bitmonero, they are all in the OP. I'll ask othe if he can add that one as well.

Will the new GUI offer the ability to use the view key function for Monero cold storage wallets?

I think it will, I'll ask about it later. Also, you can already check if your funds arrived safely at your (cold) wallet address using this tool:

First, make sure to save the transaction hash shapeshift, an exchange, or simplewallet provided you with. Subsequently, you can use the following tool:

http://xmrtests.llcoins.net/checktx.html

Fill in your address, the viewkey that belongs to the address (Moneroaddress provides this), and the transaction hash of the specific transaction. It should show you something like: "These outputs are yours". The sum of those outputs should be equal to the amount that was sent. I suggest using a test amount first to try out the tool and get a bit familiar with it.

Using this tool you can be certain that your funds arrived safely at your wallet.

That tool is perfect. Thank you for making me aware of it. I trust the message below but want to learn how it works.

Note: this site operates completely on client-side Javascript; no data is ever sent to the web server.
Big thanks to MoneroBlocks for the transaction data API, without which this page would not work.

If this means no data is sent to the http://xmrtests.llcoins.net server what about the MoneroBlocks server? Data must be pulled from MoneroBlocks in order for the viewkey to work. What data must be sent to MoneroBlocks to make that happen? Does MoneroBlocks have the ability to associate viewkeys with the IP address of the party making a request for data?

[dEBRUYNE]

Friendly reminder for everyone, the work and activity on the GUI can be followed here:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

Aha, so work has already fully started. Thanks for sharing the links.

May I suggest posting the links to the funding page as well, since I was under the (naive) impression nothing was happening yet.

Except from https://github.com/mbg033/bitmonero, they are all in the OP. I'll ask othe if he can add that one as well.

Will the new GUI offer the ability to use the view key function for Monero cold storage wallets?

I think it will, I'll ask about it later. Also, you can already check if your funds arrived safely at your (cold) wallet address using this tool:

First, make sure to save the transaction hash shapeshift, an exchange, or simplewallet provided you with. Subsequently, you can use the following tool:

http://xmrtests.llcoins.net/checktx.html

Fill in your address, the viewkey that belongs to the address (Moneroaddress provides this), and the transaction hash of the specific transaction. It should show you something like: "These outputs are yours". The sum of those outputs should be equal to the amount that was sent. I suggest using a test amount first to try out the tool and get a bit familiar with it.

Using this tool you can be certain that your funds arrived safely at your wallet.

That tool is perfect. Thank you for making me aware of it. I trust the message the message below but want to learn how it works.

Note: this site operates completely on client-side Javascript; no data is ever sent to the web server.
Big thanks to MoneroBlocks for the transaction data API, without which this page would not work.

If this means no data is sent to the http://xmrtests.llcoins.net server what about the MoneroBlocks server? I know data must be pulled from from MoneroBlocks in order for the viewkey to work. What data must be sent to MoneroBlocks to make that happen? Does MoneroBlocks have the ability to associate viewkeys with the IP address of the party making a request for data?

It's luigi1111's website, who is one of the core-team members. See -> https://getmonero.org/knowledge-base/people

I'll ask him to comment on this.

[letsplayagame]

It's luigi1111's website, who is one of the core-team members. See -> https://getmonero.org/knowledge-base/people

I'll ask him to comment on this.

I appreciate that. No matter what the answer is to my privacy related (viewkey) question, this tool plus a cold storage wallet seems more secure than using mymonero.com for verifying receipt of Monero payments.

Thank you luigi1111