[XMR] Monero Speculation

[Hueristic]

Nice to see! This takes the edge off the short I did on ETH yesterday. Since my margin is in XMR I can hold that short longer!

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[5thangel]

Tone Vays is Very positive about the Monero  

https://www.youtube.com/watch?v=lvD7aDeVOIQ

[noise2]

Someone market bought XMR worth around 2 million US dollar in just a second.  

massive buy to enter the market as quickly as possible on the same day one of the guys running BTC-E who was possibly involved in the hack of Mt Gox gets arrested. Things that make you go hmmmm.

Yeahhhhh ... I'm looking at zCash, zCoin & Dash.  Surprised he's not buying them all up if he's in a huge rush.  

This could turn into an interesting dynamic.  Are the exchanges that receive stolen coins on exit scams or someone running from the law in this situation obligated to turn over their received bitcoin to the law even though someone has withdrawn the exchanged asset?  How long does this responsibility follow them?

Yeah... Why choose Dash where the Masternodes could be targeted in the same way? Or ZCash which is a damn US company?

Why not choose the best coin instead?

[bitcoinvest]

We have seen nothing yet... Monero can very easy go double from what we are now in matter of some days.

[nioc]

Someone market bought XMR worth around 2 million US dollar in just a second.  

massive buy to enter the market as quickly as possible on the same day one of the guys running BTC-E who was possibly involved in the hack of Mt Gox gets arrested. Things that make you go hmmmm.

Yeahhhhh ... I'm looking at zCash, zCoin & Dash.  Surprised he's not buying them all up if he's in a huge rush. 

He might be in a rush but I don't think he wants to be on dash's rich list   

He chose the best

When I posted this I didn't have access to the following from the Electric Coin Company aka Zcash, nothin like a centralized company so people can knock on the door.

https://twitter.com/zooko/status/863202798883577856

 "And by the way, I think we can successfully make Zcash too traceable for criminals like WannaCry, but still completely private & fungible. …"
6:22 PM - 12 May 2017

 

So why didn't he use zcash which was developed with the help of the DOD amongst others?

[r0ach]

So within a very short time frame some big players in the space have been taken down because of fungibility issues: Alphabay, Bitmixer and now BTC-e. Never had to use these services but this might finally wake up the discussion about the importance of fungibility.

It's not possible for any cryptocurrency to be "fungible"; not traceable - sure, but fungible, no:

CT and schnorr sigs will make btc fungible.

Cryptocurrency is NOT fungible.  You're trying to make believe that if coins can be tumbled it's somehow fungible but there is more to it than that.  If anything about the protocol at all can be altered via a strongman or banana republic voting to take over it's exposed power vacuum it's not fungible.  Anonymint even agreed on this at one point in time but he has probably cucked out and did a 180 now that he wants to release a cryptocurrency of his own.

Money = has objective, static traits

Currency = random arbitrary bullshit some guy makes up and constantly fiddles with like fiat or bitcoin. If it's possible for your money to "hard fork", or randomly morph from one thing to another, it's not fungible, and hence not money. In that circumstance you are involved in some type of scheme with a schemer ruling over you.

It doesn't matter if said forks are orchestrated by a banana republic of miners in a voting process. There is no Nash equilibrium in cryptocurrency, only a power vacuum to be filled by a top down hierarchy or strongman. To escape this master and servant hierarchy you have to use real money that cannot be altered or tampered with by third parties.

[nioc]

Good idea!

https://pbs.twimg.com/media/C3NPhM7UkAA7Wtq.jpg:large

[bbc.reporter]

It is nice to see that Aeon's ally in the cryptospace is again having the attention of everyone right after the fall of the biggest darknet market.

I request that some of you Moneroids help us the Aeonites. Our kingdom is under attack by botnets and our coins is dumped in the market. We need the support.

[tokeweed]

Now the recent XMR spike seems more than related to the btc-e case. Some unarrested admin of btc-e has entered big time.

You really think so?  Wouldn't that make Monero a target by the US effing government?  I think it's a bad idea to be a target this early in the game.  I mean XMR hasn't established itself like Bitcoin has.

[5thangel]

Now the recent XMR spike seems more than related to the btc-e case. Some unarrested admin of btc-e has entered big time.

You really think so?  Wouldn't that make Monero a target by the US effing government?  I think it's a bad idea to be a target this early in the game.  I mean XMR hasn't established itself like Bitcoin has.

You've got a point there

[Whtwabbit]

Now the recent XMR spike seems more than related to the btc-e case. Some unarrested admin of btc-e has entered big time.

You really think so?  Wouldn't that make Monero a target by the US effing government?  I think it's a bad idea to be a target this early in the game.  I mean XMR hasn't established itself like Bitcoin has.

You've got a point there

"For bitcoin to make it, it needs to be banned by a few governments and critiqued by policy makers. Otherwise it will fade." -Nassim Nicholas Taleb..

just swap bitcoin for Monero

[novhitadaloma]

Monero from since released until now always shows significant numbers. Maybe it's caused by consistent dev take care of monero, the investors were in droves to trade to achieve maximum results.

[Hueristic]

OK, Guys I'm finally back to double digits! What are the odds I can get to triple digits again before the next spike? Anyone wanna lay some odds? I think it is mighty slim!

[Dotto]

Now the recent XMR spike seems more than related to the btc-e case. Some unarrested admin of btc-e has entered big time.

You really think so?  Wouldn't that make Monero a target by the US effing government?  I think it's a bad idea to be a target this early in the game.  I mean XMR hasn't established itself like Bitcoin has.

The good news is no goverment can link this two events. Noone can link for sure. My assertion was just speculation... Today Im not so sure, but absent some other direct evidences I guess we will never know.

[Hueristic]

Now the recent XMR spike seems more than related to the btc-e case. Some unarrested admin of btc-e has entered big time.

You really think so?  Wouldn't that make Monero a target by the US effing government?  I think it's a bad idea to be a target this early in the game.  I mean XMR hasn't established itself like Bitcoin has.

The good news is no goverment can link this two events. Noone can link for sure. My assertion was just speculation... Today Im not so sure, but absent some other direct evidences I guess we will never know.

coin is safe until Quantum computers hit 8 bits (IIRC correct me if wrong guys) so that is a long way off and that will kill all crypto unless they
HF a new protocol which I'm sure all viable ones will. Multivariate cryptography is the next step I think.

[jwinterm]

OK, Guys I'm finally back to double digits! What are the odds I can get to triple digits again before the next spike? Anyone wanna lay some odds? I think it is mighty slim!

Maybe if you win big in monero fantasy football league:
https://bitcointalk.org/index.php?topic=1971415.0;all

Win big in monero fantasy football league:
https://bitcointalk.org/index.php?topic=1971415.0;all

Monero fantasy football league:
https://bitcointalk.org/index.php?topic=1971415.0;all

Sorry for spam, we need a few more players in next couple of weeks.

[cryptimus prime]

Rumours XMR could be soon on Bithumb. Pretty large korean exchange with 100 million USD 24h volume.

[Dotto]

Now the recent XMR spike seems more than related to the btc-e case. Some unarrested admin of btc-e has entered big time.

You really think so?  Wouldn't that make Monero a target by the US effing government?  I think it's a bad idea to be a target this early in the game.  I mean XMR hasn't established itself like Bitcoin has.

The good news is no goverment can link this two events. Noone can link for sure. My assertion was just speculation... Today Im not so sure, but absent some other direct evidences I guess we will never know.

coin is safe until Quantum computers hit 8 bits (IIRC correct me if wrong guys) so that is a long way off and that will kill all crypto unless they
HF a new protocol which I'm sure all viable ones will. Multivariate cryptography is the next step I think.

Quite interesting. I would thought they would need at least 256bits or so. I clearly have to educate myself in the issue. Do we have an estimation of when the first 8bit one can appear?. Do you need some kind of footbal camp sized datacenter with near absolute zero temperatures to achieve this or will be miniaturizable?.

And the most important: do aliens have this technology well developed?  

[Globb0]

They can solve cancer, understand the weather, solve every maths problem that ever existed, earn infinite money solving the worlds problems, but it will cost them a fortune.

They could literally kill it out of the park with so many systems.

Will they be bothering with the likes of Monero?

[Hueristic]

OK, Guys I'm finally back to double digits! What are the odds I can get to triple digits again before the next spike? Anyone wanna lay some odds? I think it is mighty slim!

Maybe if you win big in monero fantasy football league:
https://bitcointalk.org/index.php?topic=1971415.0;all

Win big in monero fantasy football league:
https://bitcointalk.org/index.php?topic=1971415.0;all

Monero fantasy football league:
https://bitcointalk.org/index.php?topic=1971415.0;all

Sorry for spam, we need a few more players in next couple of weeks.

Lets go guys, Join this shit!

https://youtu.be/SSImMJfu6WA



On Topic: WTF is going on? XMR down (profit taking?) !!! 180 should be the new low by now. On the bright side I can grab another one right now.

And at least My ETH short is finally in the green!!!!!!!!!!!!!!!!!