Bitcoin Forum
January 31, 2023, 11:22:11 AM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 [90] 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 ... 2189 »
  Print  
Author Topic: [XMR] Monero Speculation  (Read 3309495 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
December 16, 2014, 03:33:27 AM
 #1781

.. XMR could still outperform in this area ..
True, but I'm trying to steer away from speculation, and towards high confidence predictables, to establish a floor for rational value.  I was probably too pessimistic about the monetary velocity.  I might have been too optimistic about the development velocity, but you haven't convinced me of that yet.

Quote
2. Accepting the premise that an XMR economy is necessary, that won't happen in 2015. A reasonably well-run (security-minded, ultra-paranoid) site will have multi-sig escrow, which of course is not available in XMR yet and the website admin will want to see other things in place besides multi-sig such as more liquidity.  

Anyone wanting multi-sig could take steps to get it implemented more expeditiously.  I don't know of any strong reason to think there will not be a multi-sig implementation in 6 months even without heroic measures, but I'm not really involved so it is an argument from ignorance.

I disagree about liquidity.   Liquidity is a problem that will solve itself, just as it was for BTC.  A new market will start small, and liquidity will rise dramatically as it becomes known.  Even at these dramatic volume lows, plx turns over enough daily to support the liquidity needs of a smallish dark market.  And if an operator wanted to add liquidity, they could easily arrange it by talking to large holders.


Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
1675164131
Hero Member
*
Offline Offline

Posts: 1675164131

View Profile Personal Message (Offline)

Ignore
1675164131
Reply with quote  #2

1675164131
Report to moderator
1675164131
Hero Member
*
Offline Offline

Posts: 1675164131

View Profile Personal Message (Offline)

Ignore
1675164131
Reply with quote  #2

1675164131
Report to moderator
1675164131
Hero Member
*
Offline Offline

Posts: 1675164131

View Profile Personal Message (Offline)

Ignore
1675164131
Reply with quote  #2

1675164131
Report to moderator
The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1675164131
Hero Member
*
Offline Offline

Posts: 1675164131

View Profile Personal Message (Offline)

Ignore
1675164131
Reply with quote  #2

1675164131
Report to moderator
nioc
Legendary
*
Offline Offline

Activity: 1624
Merit: 1008


View Profile
December 16, 2014, 08:14:05 AM
 #1782

Anyone taken credit for the 49 XBT bid on XMR at .001111?  Have not been able to monitor IRC or trollbox.  Saw it last night and its been around since then.

A whale wanna buy a lot, nice Cheesy

After 2 earlier ~12 btc chunks where dumped a 22 btc chunk was just eaten leaving 6 btc left of the original 50 btc wall.  Some existing bids were moved up in front of that wall so there is currently not much behind it.  Probably not much left to sell also..................

Make that 1.8 btc left @ .00111111

ETA: and it's gone
mmortal03
Legendary
*
Offline Offline

Activity: 1760
Merit: 1010


View Profile
December 16, 2014, 10:13:00 AM
 #1783


If you plan to invest 10 000 USD in Monero next year, divide it by 365 and simply buy daily 27 USD worth of Moneros. Thus you will minimize the risk of buying too early and experiencing the big dumps (of course even with this strategy most likely you will face dumps but it doesn't feel that bad if you do a diversification in terms of time vs. you buy 10 000 USD worth of Moneros in a heart beat).

It'd be nice, for tax calculation purposes, to be able to buy them directly with USD. Right now, going through BTC first just complicates things.
fox19891989
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1000



View Profile
December 16, 2014, 10:13:50 AM
 #1784

Luckily I sold some on that 0.0011111 sat wall, ready to buy back. Cheesy
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
December 16, 2014, 02:05:02 PM
 #1785

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010.  We have an existence proof now.  "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate.  Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR. 
These plateaus usually break down by the time they are a week old.  If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.


Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
dEBRUYNE
Legendary
*
Offline Offline

Activity: 2268
Merit: 1141


View Profile
December 16, 2014, 02:10:17 PM
 #1786

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010.  We have an existence proof now. "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate.  Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.  
These plateaus usually break down by the time they are a week old.  If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.



I personally think most of the downtrend is caused by this, people selling in order to buy back lower. Breaking 0.0010 would be horrible, so I hope we won't touch your target.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
December 16, 2014, 03:59:07 PM
 #1787

I would rather that the XMR economy were growing faster.  It needs an anchor tenant.  But since that hasn't happened yet, I certainly plan to make the most of the opportunity.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
GreekBitcoin
Legendary
*
Offline Offline

Activity: 1428
Merit: 1001


getmonero.org


View Profile WWW
December 16, 2014, 06:44:37 PM
 #1788

Looks like i was too optimistic!


Who can make the monero logo melt like this? Tongue
TrueCryptonaire
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
December 16, 2014, 08:57:04 PM
 #1789

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010.  We have an existence proof now. "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate.  Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.  
These plateaus usually break down by the time they are a week old.  If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.



I personally think most of the downtrend is caused by this, people selling in order to buy back lower. Breaking 0.0010 would be horrible, so I hope we won't touch your target.


I think we will break it.
I will be interested in buying Moneros when we are at 0.0005-levels - we actually might go even below that - we will see.
To me breaking 0.001 is not horrible but it is a gift from Above.
It gives me  great opportunity to lower my average buying price to more reasonable levels. Since I invested too heavily sub 0.004 levels, it takes quite low price to get the average price down enough.
At this moment it is good idea to let the price be low and hoard it. Once it starts climbing, it goes actually higher than without these low levels since the whales do not spend their resources in probbing the coin up artificially which benefits only miners who dump all the coins they mine.
edward_cullen
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
December 16, 2014, 09:08:42 PM
 #1790

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.
digicoin
Legendary
*
Offline Offline

Activity: 1106
Merit: 1000



View Profile
December 16, 2014, 09:12:31 PM
 #1791

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer
edward_cullen
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
December 16, 2014, 10:03:02 PM
 #1792

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.
binaryFate
Legendary
*
Offline Offline

Activity: 1484
Merit: 1001


Still wild and free


View Profile
December 16, 2014, 10:54:19 PM
 #1793

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

See this reddit thread
Quote from: fluffyponyza
There's little substance in the code, the verifyRingSignature() method is trivially simple and isn't called anywhere else in that commit. Their proposed function, generateRingSignature(), doesn't exist and thus it's impossible to determine whether they've actually done anything of substance. The whitepaper is purposely vague in many of the important parts, and a review in conjunction with code is impossible, so we have to take it on the face of it...which is that NIZK + ring signatures + security + low space utilisation = impossible right now.

The bold part of your message is false.

Monero's privacy and therefore fungibility are MUCH stronger than Bitcoin's. 
This makes Monero a better candidate to deserve the term "digital cash".
edward_cullen
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
December 16, 2014, 11:31:49 PM
 #1794

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

See this reddit thread
Quote from: fluffyponyza
There's little substance in the code, the verifyRingSignature() method is trivially simple and isn't called anywhere else in that commit. Their proposed function, generateRingSignature(), doesn't exist and thus it's impossible to determine whether they've actually done anything of substance. The whitepaper is purposely vague in many of the important parts, and a review in conjunction with code is impossible, so we have to take it on the face of it...which is that NIZK + ring signatures + security + low space utilisation = impossible right now.

The bold part of your message is false.


Thank you that is far more useful than "it has better technology".
smooth (OP)
Legendary
*
Offline Offline

Activity: 2912
Merit: 1192



View Profile
December 17, 2014, 12:15:57 AM
 #1795

Upon first glance at this SDC whitepaper, it looks like a nearly exact if not exact clone of cryptonote. They rewrote it to look original, but nothing about it is.

If correct, then I'm calling this 100% scam.

Nobody would bother to rewrite the cryptonote white paper in such as way as to make it look like something new except a scammer. Apparently the fact that they are claiming to have released code implementing it when they haven't supports this too.
fox19891989
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1000



View Profile
December 17, 2014, 12:19:38 AM
 #1796

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010.  We have an existence proof now.  "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate.  Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR. 
These plateaus usually break down by the time they are a week old.  If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.



Yep, ready to buy at 80k sat Wink
edward_cullen
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
December 17, 2014, 12:33:10 AM
 #1797

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

See this reddit thread
Quote from: fluffyponyza
There's little substance in the code, the verifyRingSignature() method is trivially simple and isn't called anywhere else in that commit. Their proposed function, generateRingSignature(), doesn't exist and thus it's impossible to determine whether they've actually done anything of substance. The whitepaper is purposely vague in many of the important parts, and a review in conjunction with code is impossible, so we have to take it on the face of it...which is that NIZK + ring signatures + security + low space utilisation = impossible right now.

The bold part of your message is false.


SDC supporters are claiming that this was in response to the first push, there is now more code available.
FudandShort
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
December 17, 2014, 01:29:10 AM
 #1798

Monero may need to be worried about SDC since they implemented ring signatures on the more popular Satoshi crypto branch.

No worry. ShadowCash forks BlackCoin whose technology is not as good as Monero's. There is no such thing like ring signatures in SDC

ShadowCash is backed by CryptoAsian which is a well-known pump and dump trader/scammer

Using "technology is not as good as" seems too broad to be meaningful. Care to elaborate? You may want to check again, because I'm pretty sure SDC just released a version utilizing ring signatures.

See this reddit thread
Quote from: fluffyponyza
There's little substance in the code, the verifyRingSignature() method is trivially simple and isn't called anywhere else in that commit. Their proposed function, generateRingSignature(), doesn't exist and thus it's impossible to determine whether they've actually done anything of substance. The whitepaper is purposely vague in many of the important parts, and a review in conjunction with code is impossible, so we have to take it on the face of it...which is that NIZK + ring signatures + security + low space utilisation = impossible right now.

The bold part of your message is false.


SDC supporters are claiming that this was in response to the first push, there is now more code available.

https://bitcointalk.org/index.php?topic=745352.msg9862235#msg9862235
ArticMine
Legendary
*
Offline Offline

Activity: 2282
Merit: 1047


Monero Core Team


View Profile
December 17, 2014, 02:14:25 AM
 #1799

Anyone foolish and/or desperate enough to sell at 0011 is foolish and/or desperate enough to sell at 0010.  We have an existence proof now.  "Lunatic fringe, I know you're out there."
I am hoping for 00085 to touch. Reducing my buy rate.  Stocking up on bitcoin below 340usd and waiting for more ask liquidity in XMR.  
These plateaus usually break down by the time they are a week old.  If BTC goes lower, XMR is likely to go lower as well, making the effective leverage on the future all the greater.
Patience and discipline.



Yep, ready to buy at 80k sat Wink

While it may be possible that XMR may reach 80k sat or lower, making selling for 111k sat and buying for 80k a profitable trade there is an old saying in the markets that is very appropriate here.
Quote
Bulls make money, bears make money, pigs get slaughtered
http://wiki.fool.com/Bulls_make_money,_bears_make_money,_pigs_get_slaughtered. One should also keep in mind that there are typically two sub species of pigs in the markets. Bull pigs (buy high, hope to sell higher) and bear pigs (sell low, hope to buy lower) and both get slaughtered.

This time of the year another sub spices of pig emerges known as the tax pig. The tax pig sells low (or buys high) with the primary objective of lowering the tax payable to some state. The tax pig then waits a prescribed amount of time (this depends on the tax legislation of the target state) and then hopes to buy back lower at the same price or even slightly above (sell higher, at the same price or even slightly below). The tax pig in this process first pushes the bear pig (or the bull pig) to the slaughter and then also gets slaughtered.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
rpietila
Donator
Legendary
*
Offline Offline

Activity: 1722
Merit: 1026



View Profile
December 17, 2014, 02:39:47 AM
 #1800

Now that's some legendary talk down there!  Cheesy

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
Pages: « 1 ... 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 [90] 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 ... 2189 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!