[XMR] Monero Speculation

[r0ach]

If you do not want to make enemies, you better get American Pegasus and his complete bullshit posts out of the Bitcoin speculation section.  He's drawing up cartoon charts pointing to Silk Road closure and claiming that's about to happen to Bitcoin now.  Seriously, even the paid anti-BTC shills make posts more based on reality than this:

https://bitcointalk.org/index.php?topic=1475082.0

[smooth]

If you do not want to make enemies, you better get American Pegasus and his complete bullshit posts out of the Bitcoin speculation section.  He's drawing up cartoon charts pointing to Silk Road closure and claiming that's about to happen to Bitcoin now.  Seriously, even the paid anti-BTC shills make posts more based on reality than this:

https://bitcointalk.org/index.php?topic=1475082.0

Um, we haven't even seen or heard from AP in months here I don't think. How you think we have any say of what or where he posts is beyond me.

EDIT: My mistake, he posted one pic here a few days ago, but before that it has been over a month. I have no idea what he's been busy with.

[r0ach]

He made a cartoon drawing with an arrow pointing to the closure of Silk Road and claims Bitcoin is about to crash to $300....yes $300 with 50 days to halving...like anyone believes that.

[vokain]

He made a cartoon drawing with an arrow pointing to the closure of Silk Road and claims Bitcoin is about to crash to $300....yes $300 with 50 days to halving...like anyone believes that.

Hard to believe many things on Speculation

[TooDumbForBitcoin]

Who is American Peniscyst, and why should anyone care?

[languagehasmeaning]

RingCT progress can now be tracked in this branch:


https://github.com/moneromooo-monero/bitmonero/commits/rct

[nioc]

Ooh look, another GUI commit today.

Ooh no, I mean sell.  I would like to buy just a little bit more please.

I'm confused, how do you guys do this?

[illodin]

I'm confused, how do you guys do this?

Recommended procedure was to sell above .004.

[nioc]

You always try to be so helpful but I believe you missed my point.  Don't know how as I'm always clear as a bell.

[dEBRUYNE]

...

Forget all the overhyped DAO/ETH/LISK/MAID/WAVES "platform-as-yet-another-platform" types and their overheated markets.

The most exciting development in crypto is going on right under our noses, although very few people have the skillz to appreciate it.

https://github.com/moneromooo-monero/bitmonero/commits/rct
...

A series of commits related to RingCT. The paper on RingCT can be found here. https://lab.getmonero.org/pubs/MRL-0005.pdf

Edit: There is a signal among the noise

To provide a bit of background, shen and moneromooo (and I think hyc) have been collaborating on getting shen's ringct cryptography library merged with the Monero wallet and daemon. It's something warptangent was preparing to work on previously, so there had to be a bit of a transition. That has now started to bear fruit in the form of commits.

Some clarification from the dev logs:

<hyc> I can do whatever DB additions are needed

https://getmonero.org/2016/05/08/overview-and-logs-for-the-dev-meeting-held-on-2016-05-08.html

[dEBRUYNE]

Crosspost:

Please Support the Monero Stack Exchange!

http://area51.stackexchange.com/proposals/98617/monero

TLDR:

1. Go to the above site (make an account if necessary) and follow using the orange button on top left.
2. Upvote a question you think should be on a Monero stack exchange site

Why start a Stack Exchange?

Monero is tough. Its tough for developers, its tough for users. Its tough for developers because the original code from bytecoin was purposefully undocumented, so when a person wants to work with Monero, they have to figure out how the code works first. This usually involves going to #monero-dev on IRC, but not everyone has time to do that, and sometimes the person with the answer isn't sitting in the chatroom. Hell, the monero community funded someone to go through and document the code - this is the state of things. Developing for Monero is tough.

Its tough for users in two ways - the primary client is command line only, and any current third party solution requires some fiddling. Sure, the GUI may solve this issue. The second way it is tough is its conceptually difficult. Hell, I still don't understand ring signatures or the upcoming ringCT, but I'm not a cryptographer. Will a SE fix this issue? Probably not. But it will create some good answers that may help.

What can a stack exchange do that this forum, our forum, or reddit can't?

It can provide a knowledge base of information that is easily updated, curated, and searchable. The problem with reddit, or this forum, or our forum, is that information gets lost. Unless debruyne is available to serve up one of his bookmarks for a given answer, 9 times out of 10 you won't be able to search through the forums or Reddit to find an answer to a problem. More likely than not, someone had the same question you did, and someone provided an answer. But now that answers is gone. It wasn't added to our knowledge base on getmonero.org, and its lost in a thread.

With a stack exchange, a good question may lead to a good answer, and both the question and the answer get upvoted, and this information is findable in the future. Some random person that feels like tweaking monero a bit to increase its functionality can get all their questions answered without going to the chatrooms, because some people just don't like doing that I guess.

So, please goto the stackexchange, and vote on things that are under 10.  

[dEBRUYNE]

That dump hit closely above supported, but rebounded quite nicely:

[Drekavac]

Here you go:

Very cute picture, with much stile. But Monero has much more supporters i believe.
Did anybody notice that they are all Legendary members? We can call this first class..

[elrippo]

Here you go:

Very cute picture, with much stile. But Monero has much more supporters i believe.
Did anybody notice that they are all Legendary members? We can call this first class..

Fcukyeeeaaahhhhh 

[americanpegasus]

He made a cartoon drawing with an arrow pointing to the closure of Silk Road and claims Bitcoin is about to crash to $300....yes $300 with 50 days to halving...like anyone believes that.

When everyone and their brother knows something for sure, look out.  

If you do not want to make enemies, you better get American Pegasus and his complete bullshit posts out of the Bitcoin speculation section.  He's drawing up cartoon charts pointing to Silk Road closure and claiming that's about to happen to Bitcoin now.  Seriously, even the paid anti-BTC shills make posts more based on reality than this:

https://bitcointalk.org/index.php?topic=1475082.0

Um, we haven't even seen or heard from AP in months here I don't think. How you think we have any say of what or where he posts is beyond me.

EDIT: My mistake, he posted one pic here a few days ago, but before that it has been over a month. I have no idea what he's been busy with.

 
  
I've been taking some time off from Math and Computer Science to work on my degree in Gender Studies.  One cannot be fully euphoric over a cryptocurrency 24/7/365 - it's exhausting.  Also, you are claiming there are PAID anti-BTC shills?  That's ridiculous.  You mean to tell me that someone would pay someone on the internet to say or write something?  Now I know you're delusional.  
  
Don't worry friends.  The summer of crypto is coming and it's gonna be exciting.  Monero is gonna have an amazing 2016/2017.  
  
Also, here's a mini-celebration because after 2 long years I'm finally a hero member!  YEAH!  Plus that picture that cardboardoranges made is amazing; I'm proud to have commissioned the first.

I would elaborate further roach, but I think MatTheCat summed it up pretty elegantly elsewhere: 

If you drink the idiotic, MatTheCat Koolaid and claim the market can only move in directions that are the reverse of where investors go.  This claim is essentially saying it's not possible for the market to have any fundamentals whatsoever and everything is nothing but a stop loss hunt.  Even if you believed this idiocy, the price was stable at $420 for several months, and the last few attempted shakeouts only got the price to $440, so everyone already knows where the floors are.  Since everyone knows where the floors are, attempting a shakeout is pointless when even more longs would pile in than what already exists.

Here was the last orchestrated shakeout event from like a week ago.  Someone with $3 million or so tried it on Bitfinex.  Bitstamp, Coinbase, and everyone else refused to follow their scam attempt and stayed $5-$8 higher:

You just don't listen to a thing that anyone says and the reason is because you are incapable of taking in any information that is not emotionally appealing and the reason that you can't take in any information that doesn't appeal to your emotions, is because you are a stupid perma-stoned cunt.

My point about the market tending to move against record numbers of margin positions, whether they be longs or shorts, is not up for debate. It has this proven track record. I have posted enough charts depicting it already but anyone can easily go and check it out for themselves. My thesis is indeed, that in the absence of any organic demand, or need to sell, that this market is essentially a money making racket dominated by very few hands, and they will push this market to where the greatest liquidity is and if there are a shit ton of margin longs, and just not very many margin shorts left (after the recent pump which knocked almost half the BFX margin shorts out), then in the absence of an influx of organic demand for BTC, guess where 'they' are going to have push the market in order to extract more wealth out of it?

....and even if 'they' just wanted to get the pump underway in time for the halving, with all those margin longs in place, from prices around here and way down below, as 'they' commence the pump, 'they' are basically going to have to hand over money to margin long traders taking profits from their positions at key levels, as the market rises. If I was a big fat sweaty Chinese Bitcoin Miners syndicate, I would utterly balk at the prospect of pumping BTC only to have a bunch of nasty foreign white folks cash out relentlessly on me, before the public had so much as even broke into a canter towards my asset.....Much better way forward would be to shake all those margin long 'parasites' out of their positions, and that is exactly what is going to happen. Mark my words.

Those BFX longs includes BTC, LTC, and now ETH.  It's a muddy indicator, I wouldn't trust it.

Very good point, but the majority of it, is indeed for BTC longs. Also, their is a more reliable metric which is the BTC swaps, and right now, they are very depressed. Very high margin longs and very low margin shorts are not metrics associated with the base of a big fucking pump. These numbers need to be sorted out, and they will be sorted out.

[americanpegasus]

Monero discussion started on GameFAQs.  Join in to help answer some questions if you like:

http://www.gamefaqs.com/boards/400-current-events/73750302#12

[Moneroman88]

Monero discussion started on GameFAQs.  Join in to help answer some questions if you like:

http://www.gamefaqs.com/boards/400-current-events/73750302#12

It's delightful to see thriving discussions far away from Bitcoin Talk.

[HONCHO]

Can you expressly define "superior anonyminty" ?  Anonymint has claimed anonyminty is an impossibility and a degree of privacy is what we can expect, all things considered.

Don't fret, because as the angel investor of the banned AnonyMint, I am in possession of a copy of his unpublished Zero Knowledge Transactions research.

http://oi65.tinypic.com/6oml3n.jpg

[Dink]

Can you expressly define "superior anonyminty" ?  Anonymint has claimed anonyminty is an impossibility and a degree of privacy is what we can expect, all things considered.

Don't fret, because as the angel investor of the banned AnonyMint, I am in possession of a copy of his unpublished Zero Knowledge Transactions research.

This has nothing to do with Monero speculation.  Please stop the cross posting.  I dont appreciate you using this as a source to show your dislike for Monero.  Stop the stupidity!

[smooth]

Actually I disagree about it having nothing to do with Monero Speculation. Competing solutions are relevant.

Please don't requite the large image though.