[XMR] Monero Speculation

[sui_generis]

In that case I'm out.

When the smartest man in the scene can't read between the lines and get a sense of long-term strategy then, frankly, we're all fucked.

There's no doubt that Smooth is the smartest guy who posts in this thread, but reading his replies and interacting with him reminds me of Greg Maxwell. Highly intelligent, and yet apparently incapable of understanding certain things which most of us understand intuitively.

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[tokeweed]

Any predictions on who will reach $100 first between XMR and LTC?

This would actually make a good propbet.  So anyone here wanna make a bet on which one makes 100 USD first?  Monero or Litecoin?  Bet is 1 XMR and the bet is open until July 21, 2018.  That's one year. 

I choose XMR.  Any takers?

[bitwolf]

I don't get it - what are the people waiting for?  Why hasn't everyone switched to only Monero.

https://www.europol.europa.eu/newsroom/news/massive-blow-to-criminal-dark-web-activities-after-globally-coordinated-operation

[smooth]

It isn't out of line to suggest it, sure.

You literally just said:-

The suggestion of "retiring" the advice is out of line on that basis.

??

As for retirement of a meme, I'm not really expecting the community to retire anything or a meme to die. Truth be told, this was a bit of advice specifically intended for an individual in anticipation of a situation.

And in regards to strategy.... everything is strategy. No matter whether your skin is financial, personal or political.

I'm only aware of one clear instance where the advice became a meme (on twitter recently) and I took it as being quite amusing. To view that as a problem shows lack of appreciation for humor IMO.

I seriously doubt that fluffypony is going to answer any differently when people ask him in interviews, etc. whether Monero is a good investment or whether people should buy it, but who knows I could be surprised. I won't be recommending it to grandma any time soon either (unlike, say, Evan who apparently recruited most of his family to 'invest' in Dash, and that has indeed worked out for them, so far).

In that case I'm out.

Oh great. Everyone is 'out' yet somehow were are within 35% of an all time high...

What would you have him say when asked whether people should invest in Monero when he really doesn't believe it is a good idea (for most non-speculators to do so)?

You seem to want to make this into a "strategy", when it is really just a person giving his honest opinion rather than turning into a lying shill at every opportunity when given access to some sort of platform.

That is a bad thing?

Maybe we should have him post his technical analysis on the thread encouraging people to buy when he's caught aggressively selling OTC at the same time. /s

[antw081]

People seem to have forgotten that the Monero devs discovered a critical bug in CryptoNote not too long ago that if exploited could allow double spending to occur. Thankfully our devs spotted it before anyone else and patched it before it could be exploited in Monero.

For those who were here back in 2014(?), an attacker successfully caused a network fork in Monero by exploiting a bug again in CryptoNote.

Software is hard. One single typo in a line of code could potentially cause catastrophic failure. Monero exist in an adversarial environment with attacker looking for bugs / weaknesses to exploit. This is the risk we are dealing with. If you are going into buy into Monero or any other crypto, you should be aware of this risk.

I don't know what is the real intent of Fluffypony when he says "don't buy Monero", but I half suspect he ain't entirely joking.

P.S. Ultimately, action speaks louder than words. Our devs have worked largely unpaid and mostly unappreciated for many years to protect and enhance the privacy & financial wealth of the users and holders of Monero. So at least from me, I tip my hat off to Fluffypony, Smooth, Moneromooo and many more Monero devs / contributors for their hard work.

[Detective Cuffs]

Any predictions on who will reach $100 first between XMR and LTC?

This would actually make a good propbet.  So anyone here wanna make a bet on which one makes 100 USD first?  Monero or Litecoin?  Bet is 1 XMR and the bet is open until July 21, 2018.  That's one year. 

I choose XMR.  Any takers?

Well I don't think this is 50/50 bet. LTC needs 2.8 billion more in market cap for $100 and XMR need 800 million. Sure you can argue that LTC has more mc now and new investors might just go for #4 coin instead of #9, but i feel XMR is starting to get momentum now. Since this is a guessing game I think it's 75/25 bet in XMR favor.

[ozkraut]

It isn't out of line to suggest it, sure.

You literally just said:-

The suggestion of "retiring" the advice is out of line on that basis.

??

As for retirement of a meme, I'm not really expecting the community to retire anything or a meme to die. Truth be told, this was a bit of advice specifically intended for an individual in anticipation of a situation.

And in regards to strategy.... everything is strategy. No matter whether your skin is financial, personal or political.

I'm only aware of one clear instance where the advice became a meme (on twitter recently) and I took it as being quite amusing. To view that as a problem shows lack of appreciation for humor IMO.

I seriously doubt that fluffypony is going to answer any differently when people ask him in interviews, etc. whether Monero is a good investment or whether people should buy it, but who knows I could be surprised. I won't be recommending it to grandma any time soon either (unlike, say, Evan who apparently recruited most of his family to 'invest' in Dash, and that has indeed worked out for them, so far).

In that case I'm out.

Oh great. Everyone is 'out' yet somehow were are within 35% of an all time high...

What would you have him say when asked whether people should invest in Monero when he really doesn't believe it is a good idea (for most non-speculators to do so)?

You seem to want to make this into a "strategy", when it is really just a person giving his honest opinion rather than turning into a lying shill at every opportunity when given access to some sort of platform.

That is a bad thing?

Maybe we should have him post his technical analysis on the thread encouraging people to buy when he's caught aggressively selling OTC at the same time. /s

You two: would you stop already. Huge shit going down in the wild and you are having a pissing comp....ts ts SmoothIve seen better from you......

[smooth]

You two: would you stop already. Huge shit going down in the wild and you are having a pissing comp....ts ts SmoothIve seen better from you......

Okay, you could comment about the huge shit. Sounds interesting.

[Hueristic]

Any predictions on who will reach $100 first between XMR and LTC?

This would actually make a good propbet.  So anyone here wanna make a bet on which one makes 100 USD first?  Monero or Litecoin?  Bet is 1 XMR and the bet is open until July 21, 2018.  That's one year. 

I choose XMR.  Any takers?

I say make the bet in LTC so it will be worthless in a year!


So apparently Smooth has to make disclaimers before posting opinions now, well thats an interesting turn of events.  BTW, I value his/her opinion over every single other poster in this thread bar none.

ANYWAY:

An Unknown Amount of Monero, Is it True?

[KeyJockey]

People seem to have forgotten that the Monero devs discovered a critical bug in CryptoNote not too long ago that if exploited could allow double spending to occur. Thankfully our devs spotted it before anyone else and patched it before it could be exploited in Monero.

For those who were here back in 2014(?), an attacker successfully caused a network fork in Monero by exploiting a bug again in CryptoNote.

Software is hard. One single typo in a line of code could potentially cause catastrophic failure. Monero exist in an adversarial environment with attacker looking for bugs / weaknesses to exploit. This is the risk we are dealing with. If you are going into buy into Monero or any other crypto, you should be aware of this risk.

I don't know what is the real intent of Fluffypony when he says "don't buy Monero", but I half suspect he ain't entirely joking.

P.S. Ultimately, action speaks louder than words. Our devs have worked largely unpaid and mostly unappreciated for many years to protect and enhance the privacy & financial wealth of the users and holders of Monero. So at least from me, I tip my hat off to Fluffypony, Smooth, Moneromooo and many more Monero devs / contributors for their hard work.

+1000 on this... hear hear.  I too wanna re-iterate my appreciation for all that the XMR devs do for this project, and for all of us.

Oh, yeah sure they may get rich in the process but that's to be expected, amirite? Srsly, they're creating the perfect digital MONEY system for all of us out here in the world, and for benefit of all future generations too!  And they're supposed to maintain some kind of Priestly Vow Of Poverty in the process?  LOL get real...

I mean, srsly WTF else would you expect, in this case...?
If the creators of such a system get rich it just means the project is successful!
Quitcherbitchin' an' just get on the train, man, and come along for the ride! LOL

You two: would you stop already. Huge shit going down in the wild and you are having a pissing comp....ts ts SmoothIve seen better from you......

Okay, you could comment about the huge shit. Sounds interesting.

I think he just means All The Sound And Fury (Signifying Nothing?) out in BitcoinLand over the hard fork / chain split going's-on... Monero User Unaffected

[sakkosekk]

Is XMR speculation still an intelligent and safe choice? If it was me, I would explore and invest in ICO projects, which would make me more profitable than XMR speculation. And of course, the risk will be higher.

[Billy Bunter]

Any predictions on who will reach $100 first between XMR and LTC?

This would actually make a good propbet.  So anyone here wanna make a bet on which one makes 100 USD first?  Monero or Litecoin?  Bet is 1 XMR and the bet is open until July 21, 2018.  That's one year. 

I choose XMR.  Any takers?

I say make the bet in LTC so it will be worthless in a year!


So apparently Smooth has to make disclaimers before posting opinions now, well thats an interesting turn of events.  BTW, I value his/her opinion over every single other poster in this thread bar none.

ANYWAY:

An Unknown Amount of Monero, Is it True?

You know, I can't ever recall Smooth giving an out-and-out speculative opinion on Monero in this thread. I would be very interested in what he had to say.

Smooth - What is your opinion on Monero's price between now and Christmas? (With the clear understanding that this is an opinion and not investment advice).

[Febo]

You are free to tell anyone you want buy more Monero. But you have zero rights to tell someone to stop saying to people to not buy any Monero.  

You have the freedom to do both. The idea that you have zero rights to tell someone something or anything doesn't really make much sense. You can say whatever you want, more or less.

In turn you are free to disagree or decline. It's entirely up to you.

LOL yes you can say anything. But not demand. You cant demand from someone to say something as you want.  I hope I was more clear now.  Is simple.

[ghostunicorn]

I don't get it - what are the people waiting for?  Why hasn't everyone switched to only Monero.

https://www.europol.europa.eu/newsroom/news/massive-blow-to-criminal-dark-web-activities-after-globally-coordinated-operation

Some people just want to blame monero for its privacy and they started to publish artcles as far as I see. That's all. Nothing is wrong with monero and of course it's not related to criminality.

[Hawker]

monero team made me a big disappointment in the last lie. so I do not intend to invest in monero. my close friends do not suggest this.

[CTTE]

You know, I can't ever recall Smooth giving an out-and-out speculative opinion on Monero in this thread. I would be very interested in what he had to say.

I think smooth just gave a hint of his real background last page, also I do remember one time, he sold when Monero hit 0.01 first way back in mintpal and said so many times when bulls were dying of hunger in the winter of '15, I doubt he bought until it was low enough while he helped improve Monero.

rangedriver is right, if fluffypony can say not buy monero others are free to say otherwise.

Personally, I don't think we need to yell "BUY MONERO!", I think it would just be better to let the accomplishments of the dev team stand on their own merits and NOT feel like we need to qualify every presentation or roundtable where their achievements have just been shared with a "Don't Buy Monero".   

I keep hearing that the code's not ready yet for mass adoption and I'd like to understand what part of the code we don't trust and what our plan is to make it "ready".
I asked this earlier.

• When will we know the code is solid enough to recommend buying Monero over something else?
• How will we measure the code quality and will there be various degrees of success?
• Do we have a plan to prioritize development efforts to achieve that goal before piling more features on top of any suspect code?

 

From my perspective the devs are pretty much top notch developers and I don't get any indication that there are many if any teams that are much better.  So, if it's a matter of verification of the code, I think that is a worthy pursuit to work towards and achieving that goal would benefit everyone, even those who aren't currently invested but will be in the future.

[CTTE]

One of these things is not like the others..

Is there a link to this doc? Thx!

[sui_generis]

Is there a link to this doc? Thx!

https://assets.documentcloud.org/documents/3898109/AlphaBay-Cazes-Forfeiture-Complaint.pdf

[smooth]

You know, I can't ever recall Smooth giving an out-and-out speculative opinion on Monero in this thread. I would be very interested in what he had to say.

I think smooth just gave a hint of his real background last page, also I do remember one time, he sold when Monero hit 0.01 first way back in mintpal and said so many times when bulls were dying of hunger in the winter of '15, I doubt he bought until it was low enough while he helped improve Monero.

I bought back during the BCX scare (and have said so here) later in 2014, which I correctly called as being a bunch of pure BS (though the price continued to decline even once it was apparent to all there was no exploit, in hindsight the result more of a brutal, and long, crypto bear market than anything specific to Monero). My reentry was well below 0.01 but also well above the subsequent lows.

rangedriver is right, if fluffypony can say not buy monero others are free to say otherwise.

Agree on that.

[Billy Bunter]

You know, I can't ever recall Smooth giving an out-and-out speculative opinion on Monero in this thread. I would be very interested in what he had to say.

I think smooth just gave a hint of his real background last page, also I do remember one time, he sold when Monero hit 0.01 first way back in mintpal and said so many times when bulls were dying of hunger in the winter of '15, I doubt he bought until it was low enough while he helped improve Monero.

I bought back during the BCX scare (and have said so here) later in 2014, which I correctly called as being a bunch of pure BS (though the price continued to decline even once it was apparent to all there was no exploit, in hindsight the result more of a brutal, and long, crypto bear market than anything specific to Monero). My reentry was well below 0.01 but also well above the subsequent lows.

rangedriver is right, if fluffypony can say not buy monero others are free to say otherwise.

Agree on that.

Any opinion on where we're headed over the next few months?