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Author Topic: [XMR] Monero Speculation  (Read 3308044 times)
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October 26, 2016, 04:15:20 PM
 #24541

As predicted 0.007 coming... prob next week
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October 26, 2016, 04:18:06 PM
 #24542

Strength here could indicate a short term bottom as we are also resting on previous highs
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October 26, 2016, 04:40:34 PM
Last edit: October 26, 2016, 04:57:40 PM by ArticMine
 #24543

@ kurious lol, thanks for that !!  Cheesy
FWIW I was not mad last night, and am not now. It is what it is ... a protocol problem.

Funnily enough as I went to be last night I was thinking how an animated infomercial pretty much identical to your gif would be a great way to educate people on the differences in the way things work between XMR and BTC.
It's a great way for people to visualise the differences. The right person would have whole lot of fun making that! There are so many other angles to come in on too. I can visualise it as almost a parody.

FWIW, tx still stuck - wondering if there is actually a spam attack on BTC going on with fees being paid rather than a dust attack.
Mempool now @ 25MB, fees @ 10.3 BTC ... pretty cheap attack, especilly if half of those end up being returned anyway.
Rinse,repeat ...


This is a real life example as to why I got involved in Monero in 2014 and I why I currently only hold a nominal amount of XBT. My holdings are almost entirely XMR and CAD. The blocksize issue in Bitcoin is highly relevant to Monero because none of the proposed solutions to this issue in Bitcoin actually work when one considers the related problem of how Bitcoin is to be secured once the block reward runs out.

The reason the adaptive blocksize limit actually works in Monero is because Monero has a tail emissino. This frees the fees from the requirement to have to secure the coin "when the emission runs out", since by design the emission in Monero does not run out.  In Monero the fee market is then used to drive the adaptive blocksize.

There are two critical lessons here:
1) In order to properly address the blocksize issue in Bitcoin, one has to violate a critical social convent in Bitcoin; namely the 21 million XBT limit. If someone has a solution to prove me wrong, I would like to see it. I have been looking for such a solution since 2012 to no avail.
2) The vast majority of POW crypto currencies have made the same mistake. This by the way includes the latest object of anticipation namely ZCash. The other model Ethereum with its fixed fees in the protocol also fails for a different set of reasons.

Both the real world examples of clubs and buses above have another solution. So instead of bribing the bouncer or waiting in line one opens another club to meet the demand. As for a real world example I suggest the Verger by W. Somerset Maugham. http://www.sinden.org/verger.html. This was set in post war Britain in the late 1940's before the vast majority of the members of this forum were even born, and deals with a product that is now fast becoming obsolete. The message is however as valid today as when it was written. Identify a real need in the marketplace, and start a business to meet that need. Chances are that you will succeed even if the odds appear really stacked against you.

Edit: There is a good chance that the bank in the story was using punched cards and tabulating machines to keep track of the 30,000 GBP on deposit. This is also related but in a different way to the blocksize debate.

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
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October 26, 2016, 04:50:44 PM
 #24544

Jaxx - Monero Integration Update - by Anthony Di Iorio

https://www.reddit.com/r/Monero/comments/59eef5/jaxx_monero_integration_update/

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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October 26, 2016, 08:21:24 PM
 #24545

I think that Brexit can explode demand to Monero.

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October 26, 2016, 08:38:05 PM
 #24546

I think that Brexit can explode demand to Monero.

Why not big old fat, transparent and very slow BTC ? Smiley
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October 26, 2016, 09:32:27 PM
 #24547

Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank.
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October 27, 2016, 03:33:44 AM
 #24548

Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!
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October 27, 2016, 07:49:42 AM
 #24549

Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!

You might be right. It is happening now. Most altcoins have dropped price relative to the bitcoin, quite a lot.


OOOBTC.com




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October 27, 2016, 08:46:09 AM
 #24550

Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!

You might be right. It is happening now. Most altcoins have dropped price relative to the bitcoin, quite a lot.
It's a good time to buy altcoins now because the price increase of bitcoin will not last, if it will reach by $700, it will be stable at that range and you can sell then your altcoins for better profit.. Both XMR and ETH are better investment now for a short term. Guaranteed money dude!

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October 27, 2016, 08:49:48 AM
 #24551

Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!

BTC will dump in Nov - Dec to unkown.

Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank.
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October 27, 2016, 01:11:43 PM
 #24552

Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!

BTC will dump in Nov - Dec to unkown.

Well, this is about Monero and not BTC btw... Tongue
And if you are talking about BTC only, then just give me one reason as to why BTC will dump during that period of time???
I don't see it going down, but we are to witness a new ATH if I ain't wrong this time... Smiley
About XMR, I don't think that the price will be going below 0.0075 or above 0.015, will play between these prices only and that too very stable for few months...

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October 27, 2016, 01:38:08 PM
 #24553

What happened to TrueCryptonaire??


The signs were clear a month ago... BTC was on the verge of a rise and alts would clearly get demolished. Some folks still don't learn



Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!

BTC will dump in Nov - Dec to unkown.


You have no idea what you're talking about

2017 is looking to be a better year than 2016




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October 27, 2016, 01:47:15 PM
 #24554

What happened to TrueCryptonaire??


The signs were clear a month ago... BTC was on the verge of a rise and alts would clearly get demolished. Some folks still don't learn



Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!

BTC will dump in Nov - Dec to unkown.


You have no idea what you're talking about

2017 is looking to be a better year than 2016

I am waiting for the Monero dump but apparently there is nobody willing to fill my bids anymore.  Cry
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October 27, 2016, 02:02:39 PM
 #24555

Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.
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October 27, 2016, 02:34:50 PM
 #24556

Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.

Only 6 persons? who in their right mind will trust this 'trusted setup'... what were they thinking? This setup is more centralised than a central bank  Huh

And yes, let's hope the GUI is almost there now... my lowball bids have been filled

best regards
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October 27, 2016, 02:47:57 PM
 #24557


I am waiting for the Monero dump but apparently there is nobody willing to fill my bids anymore.  Cry


Ok good Smiley


Personally, if I were you I'd hold the XMR, put bids on BTC Wink




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October 27, 2016, 02:52:56 PM
 #24558

Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.

Curious where you are seeing this, I saw one comment in the ZEC subreddit.  Didn't see much in the official forum.

It is interesting that zcash shut down the original reddit forum.
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October 27, 2016, 02:54:53 PM
 #24559

Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.

Curious where you are seeing this, I saw one comment in the ZEC subreddit.  Didn't see much in the official forum.

It is interesting that zcash shut down the original reddit forum.

First rule... Control/shut down the media!
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October 27, 2016, 02:56:59 PM
 #24560

Everybody who wanted to sell XMR because he anticipated Zcash launch could hurt the XMR price, already did it a while ago. Now there is some disappointment about Zcash all over the Internet, because only 6 persons have created the trusted setup.
Now add the XMR GUI to the equation...will be interesting.

Curious where you are seeing this, I saw one comment in the ZEC subreddit.  Didn't see much in the official forum.

It is interesting that zcash shut down the original reddit forum.

I usually never spotted any kind of critics on the zcash forum. Look over at twitter/reddit/trollbox/tradingview chat etc. nobody likes the idea that 6 guys did the trusted setup together days ago already.
In this setup one has to trust, that they won`t print money. No thanks.
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