[XMR] Monero Speculation

[KeyJockey]

Happy Page 1200 

Maybe we will hit 0.012 in the next week ....we will see

Or... a return back to over $12 would be nice too, eh? 

[Hueristic]

https://www.youtube.com/watch?v=JskRVoI3PFM


Shit and this just got away.

http://www.ebay.com/itm/Doctor-Strange-169-1968-Marvel-Silver-Age-Key-Issue-Movie-Announced/272400456877?_trksid=p2047675.c100005.m1851&_trkparms=aid%3D222007%26algo%3DSIC.MBE%26ao%3D1%26asc%3D39241%26meid%3Dee7107dcd7084b2eb4d9bb863ec82b5c%26pid%3D100005%26rk%3D2%26rkt%3D6%26sd%3D232102640515

thanks Hueristic. Cant baghold  so keeping BTC right now. Its minute price changes is a blessing in itself. Still looking at XMR though. Its movement and suggestions from forum members is helping me on the whole shape of the game.

NP.

Happy Page 1200 

Maybe we will hit 0.012 in the next week ....we will see

Or... a return back to over $12 would be nice too, eh? 

NOT YET! I have alot of coins to get back.

[tifozi]

I personally wonder why Monero gets more attention now in their board than at the time the XMR implementation happened and were announced at their community board.

E: I'm curious when i see the chart since last week we had a steady up and down. So I ask myself who are these people who are loosing money with XMR in every day trading? Is someone here who trades with permanent loss?

No clue. Have you seen aminorex around?

[cryptimus prime]

There are at least two very valid reasons why diverting a portion of the block rewards to development or some other project such as marketing is not a good idea at all.

1) Regulatory compliance.

This is the elephant in the room in crypto currency and Monero is one of very few crypto currencies that has avoided some very serious regulatory compliance risks. The critical aspect of this is the guidance that was issued by FinCEN in March of 2013. https://www.fincen.gov/sites/default/files/shared/FIN-2013-G001.pdf. In order for a crypto currency to be compliant while at the same time avoiding the requirement of registration as a Money Services Business, and consequential AML/KNC requirements, the crypto currency must qualify as a "De Centralized Virtual Currency" under the guidance. This means that the block rewards have to go in their entirety to the miners and cannot be diverted for other purposes such as to fund development or marketing. If the block rewards are diverted in such a manner then those who are administering the diverted block rewards would be very likely be considered to be "administrators" or "exchangers" under the guidance, be required to register as MSBs and be subject to AML/KNC reporting requirements among other requirements. Ripple has already been subject to regulatory enforcement over this very issue. While I am not aware, at this time, of any regulatory action over this against Dash, the risk in that case likely remains very high. While this is specific to the United States, the reality is that the United States is at least for the time being, the world leader in financial regulation in particular because of the reserve currency status of the United States dollar.

In summary one needs to keep one's hands out of the till, block rewards, in order to keep the regulator away.

If this is true, then ZCash is going to face real problems as an US-company, or better said their miners.

[N-rG]

@tifozi, no


https://hacked.com/this-anonymous-cryptocurrency-has-privacy-advocates-talking/

[TrueCryptonaire]

...

As long as there are other people contributing, why should I do it? And if there is no other people contributing, then why to hold Monero?
That's exactly the argument why I thought it would have been a good idea to fund marketing and development from the block rewards, not from the pockets of bagholders.
I think Darkcoin has that sort of approach and I consider it good for long haul not to be dependent on the generosity of bagholders.

There are at least two very valid reasons why diverting a portion of the block rewards to development or some other project such as marketing is not a good idea at all.

1) Regulatory compliance.

This is the elephant in the room in crypto currency and Monero is one of very few crypto currencies that has avoided some very serious regulatory compliance risks. The critical aspect of this is the guidance that was issued by FinCEN in March of 2013. https://www.fincen.gov/sites/default/files/shared/FIN-2013-G001.pdf. In order for a crypto currency to be compliant while at the same time avoiding the requirement of registration as a Money Services Business, and consequential AML/KNC requirements, the crypto currency must qualify as a "De Centralized Virtual Currency" under the guidance. This means that the block rewards have to go in their entirety to the miners and cannot be diverted for other purposes such as to fund development or marketing. If the block rewards are diverted in such a manner then those who are administering the diverted block rewards would be very likely be considered to be "administrators" or "exchangers" under the guidance, be required to register as MSBs and be subject to AML/KNC reporting requirements among other requirements. Ripple has already been subject to regulatory enforcement over this very issue. While I am not aware, at this time, of any regulatory action over this against Dash, the risk in that case likely remains very high. While this is specific to the United States, the reality is that the United States is at least for the time being, the world leader in financial regulation in particular because of the reserve currency status of the United States dollar.

In summary one needs to keep one's hands out of the till, block rewards, in order to keep the regulator away.

2) Coin Security.

Unlike Bitcoin like coins, in Monero the block rewards are needed in order to maintain the security of the POW. One cannot rely upon transaction fees for this at any point in the future. The reason for this is the adaptive blocksize limit. This by the way is also the reason why the tail emission is so critical to the security of Monero.

In summary one needs to keep one's hands out of the till, block rewards, in order to keep the 51% attacker away.

Edit: I should also point out that even in Bitcoin like coins, fees alone may not be sufficient to secure the coin in the absence of a block reward.

I agree on this. Block rewards are needed for the miners but I meant there could have been "a small mining tax". 1 % of every block reward going to the development is currently something like 0.10 XMR and the rest 9.90 XMR goes to the miners. Given the declining block reward, anyway the block reward will be 9.90 XMR soon so it would not have affected too much for network security IMO, actually quite the opposite - some miners might reason that the coin is more valuable since the development funding is secured and not relies on donations (which are based on volunteering and at some point there will not be people who desires to donate, that is the case somewhat with btc which has hard time to find donators and thus the foundation suffers from financial difficulties).

The funding system of Darkcoin is its strength IMO. Also the price is relative stable with Darkcoin. This doesn't mean I support Darkcoin but I am facing the reality here. The funding seems to work fine with Dark coin.
The fact that Monero development is based on donation is short sighted decision - the development goes on as long as there are enough people willing to give up coins and once that source dries up there will be no development/development is only slow.
So far the donations have been abudant but that may not be the case in 2-3 years from now.

[NeuroticFish]

Or... a return back to over $12 would be nice too, eh? 

I would really enjoy seeing XMR reach $12 again and never fall below that.
But the time will come for that too. The current $6-7 is not that bad either, thinking that the average price I've bought XMR at was under $1.2 

[obit33]

I agree on this. Block rewards are needed for the miners but I meant there could have been "a small mining tax". 1 % of every block reward going to the development is currently something like 0.10 XMR and the rest 9.90 XMR goes to the miners. Given the declining block reward, anyway the block reward will be 9.90 XMR soon so it would not have affected too much for network security IMO, actually quite the opposite - some miners might reason that the coin is more valuable since the development funding is secured and not relies on donations (which are based on volunteering and at some point there will not be people who desires to donate, that is the case somewhat with btc which has hard time to find donators and thus the foundation suffers from financial difficulties).

The funding system of Darkcoin is its strength IMO. Also the price is relative stable with Darkcoin. This doesn't mean I support Darkcoin but I am facing the reality here. The funding seems to work fine with Dark coin.
The fact that Monero development is based on donation is short sighted decision - the development goes on as long as there are enough people willing to give up coins and once that source dries up there will be no development/development is only slow.
So far the donations have been abudant but that may not be the case in 2-3 years from now.

not sure, I think the donation-system also gives incentive for responsible spending... If funds automatically flow in the dev-team kinda can do what it wants (cf. Ethereum, where they waste money by the buckets...) Now they have to make a proposal, motivate what they want to do, and  the community votes with their wallets... Is there a more beautiful system?

Ideally I would like to see governments work in the same way, instead of forced taxation with the consequences of not paying being jailtime, they also should make proposals and let people vote for them with their wallets...

Kovri is really important, if xmr can implement it, it will be another cornerstone of the strength of xmr and make it a real powerhouse... Everyone invested in monero should seriously consider donating, not for the sake of donating, but also to further and protect your current investment... donating is not all altruism-based ;-)

anyway, off course you do what you want since we're all free and freedom-loving here

edit: already 75% has been funded in a day, this community is f-ing awesome! very glad to be part of it!

best regards,

[cryptimus prime]

It is higly unlikely that someone sane wants to change precious XMR for any of the useless BTC clone. XMR > BTC > BTC clones

[dEBRUYNE]

"Great news for Monero! My @Apple contact called to say @monerocurrency #XMR officially approved for @AppStore."

https://twitter.com/diiorioanthony/status/785821335125528576

[nanobrain]

"Great news for Monero! My @Apple contact called to say @monerocurrency #XMR officially approved for @AppStore."

https://twitter.com/diiorioanthony/status/785821335125528576

Yuugge.

Big green candle seems to agree...the inevitable dump to follow no doubt

Market now thinks XMR seriously oversold....but I wonder if this news has been confirmed/verified by another source

[weilichesbin]

AWESOME NEWS


"Great news for Monero! My @Apple contact called to say @monerocurrency #XMR officially approved for @AppStore."

https://twitter.com/diiorioanthony/status/785821335125528576


"Great news for Monero! My @Apple contact called to say @monerocurrency #XMR officially approved for @AppStore."

https://twitter.com/diiorioanthony/status/785821335125528576

[Hueristic]

I think the price will rise again. I speculate this as although the price has come down, the volume traded has remained steady. And looking at the trends (some basic analysis) the price has fluctuated sideways and comes back up immediately after going down. My reason for saying all this is to ask you, whether I am thinking in the right direction. Noobs gotta ask.

OK, right now is a classic shakeout going on. Don't fall for it. But don't buy unless you can handle the floor dropping before a rise.

So what did we learn kiddies?

Battle Royale right now for 1200!

[N-rG]

"Great news for Monero! My @Apple contact called to say @monerocurrency #XMR officially approved for @AppStore."

https://twitter.com/diiorioanthony/status/785821335125528576

Yai and we bought at ATL (after AB announced XMR implementation)....thats really a nice year Will build a new animal shelter with the profit in Praga

[nanobrain]

Will build a new animal shelter with the profit in Praga

You are off my ignore list for that.

[novag]

AWESOME NEWS


"Great news for Monero! My @Apple contact called to say @monerocurrency #XMR officially approved for @AppStore."

https://twitter.com/diiorioanthony/status/785821335125528576


"Great news for Monero! My @Apple contact called to say @monerocurrency #XMR officially approved for @AppStore."

https://twitter.com/diiorioanthony/status/785821335125528576

Price going to 0.04!

[weilichesbin]

I thin 0.03

[TrueCryptonaire]

In my honest opinion, this autumn has been very good for Monero. I wonder why the price is still sub 100 usd...?  
It is just a matter of time when the price shoots above 100 usd/XMR and Monero becomes bigger than Etherium.

[weilichesbin]

We are now on the right way

[N-rG]

Price will not go to 0.04 or 0.03 ... maybe 0.02x

Why?

NO GUI! No one will use it. Ordinary people dont understand and dont want a DOS Console.