[XMR] Monero Speculation

[goin2mars.]

Transaction fees look like .01 bcn, which is many factors of ten less in cost than a monero transaction. For one person to do this on the monero network the monetary costs are infeasible, but for one or two people to do this on the bcn network it's actually quite cheap.

Why the transactions are done at all are left for speculation.

[1714719372]

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[1714719372]

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[kurious]

I'm thinking that btc will flow to alts over the 1st in order to escape the chaos.

Thoughts?

There is two days left so should already flow. People withdrew their BTC. That is why there is so little bu orders. Was even under 600 BTC on Poloniex.  

For me, it looks like most people are getting out of alts to be sure of picking up as many free BCC (called BCH on some exchanges) as possible.

Once BCC has forked off after 12.20pm UTC tomorrow and the first block is mined, then some will rush to sell and some of course will hold, but the 'alt bargains' will be where BTC and perhaps some BCC profits start to return.

Expect a rise in all alts, including Monero as exchanges free up and Bitcoin / fiat re-enters the system if things appear to have not been apocalyptic.  No one is filling their boots with alts tonight, but a lot of coins are looking very cheap and some will be itching to cash in as soon as the dust looks settled.

I am personally expecting surprises even if (as it looks) the fork seems to have failed.  Many actors will have plans afoot to pump / dump or spout FUD; BCC actors will want to prop up its price, or even buy to corner the market in it, before pumping it later.   Short term, safe haven alts (like Monero) should benefit benefit from a BTC rise, a BCC rise (if it should happen) and even, conceivably, benefit from a fall in either or both once the new alt-BTC coin is issued and available to trade.

[zorranco]

Monero is driving me nuts these days. It better ramp up or I will kill everybody in this forum

[DaveyJones]

Does anyone know why even ByteCoin has more transactions than Monero? I thought Monero was the to-go privacy coin...

I guess pools pay out less miners with one payout, meanwhile in monero pools try to get as many miners into one payout as possible.

[bitcoinvest]

i am little confused why is not up already but ok now we need wait some days for the BTC rise and here we go again

[Febo]

I guess pools pay out less miners with one payout, meanwhile in monero pools try to get as many miners into one payout as possible.

Come on he is a troll. I did not checked up his claim but from his posts in last years I am super positive he just made it up. 

[smooth]

Does anyone know why even ByteCoin has more transactions than Monero? I thought Monero was the to-go privacy coin...

Because the bytecoin network has had continuous 24x7 spam/fake transactions for its entire life, including the on the premine portion of the chain.

[Hueristic]

Does anyone know why even ByteCoin has more transactions than Monero? I thought Monero was the to-go privacy coin...

Because the bytecoin network has had continuous 24x7 spam/fake transactions for its entire life, including the on the premine portion of the chain.

How can you tell what is on the premine portion? Did they never patch their code to the linkability bug?

[smooth]

Does anyone know why even ByteCoin has more transactions than Monero? I thought Monero was the to-go privacy coin...

Because the bytecoin network has had continuous 24x7 spam/fake transactions for its entire life, including the on the premine portion of the chain.

How can you tell what is on the premine portion? Did they never patch their code to the linkability bug?

1. The premine portion is that which existed on the chain when the coin was launched in 2014, claiming 3 years of usage on the dark web, but which was faked (including fake transaction activity) and actually just assigned 80% of the coin supply to the developers.

2. Bytecoin has implemented none of the traceability improvements, not even the change to the triangle distribution we implemented in 2015 (not very effective, by itself, but better than nothing). It is, I'm sure, highly susceptible to the blockchain analysis methods in the MoneroLink paper, much more so than Monero itself.

[r0ach]

What are people's opinion on Mernero as a form of usury?  It seems pretty evident anything with a static blocksize (such as BTC) is a usury racket in practice, but I'm not sure if the overhead from triple entry accounting allows dynamic block size and on-chain scaling to defeat this paradigm or if it would just balloon until failure of some type:

Even if you were ultra evil and wanted bcc to usurp btc you still wouldn't trade your bitcoin for bcc.

Lol?  While it would be inconvenient for a few people, I fail to see how such an action would be "evil".  If anything, trying to force the entire planet onto a single blockchain with extremely limited scaling would be the evil choice since it's inherently PRO-USURY.  I'm not a religious person, but what's the only time in the bible Jesus got violent with people?  Flipping over the tables and kicking out the usury Yids from the temple.

If you weren't a lying scammer solely trying to pump your own investment, you would logically pick the "non-evil" solution to be everyone dumping the fuck out of any currency with limited scaling and built in rent seeking, usurious middlemen (meaning all cryptocurrency), and purchasing gold or silver instead.

[Hueristic]

Does anyone know why even ByteCoin has more transactions than Monero? I thought Monero was the to-go privacy coin...

Because the bytecoin network has had continuous 24x7 spam/fake transactions for its entire life, including the on the premine portion of the chain.

How can you tell what is on the premine portion? Did they never patch their code to the linkability bug?

1. The premine portion is that which existed on the chain when the coin was launched in 2014, claiming 3 years of usage on the dark web, but which faked (including fake transaction activity) and actually just assigned 80% of the coin supply to the developers.

2. Bytecoin has implemented none of the traceability improvements, not even the change to the triangle distribution we implemented in 2015 (not very effective, by itself, but better than nothing). It is, I'm sure, highly susceptible to the blockchain analysis methods in the MoneroLink paper, much more so than Monero itself.

Thanks for the detailed explanation.

What are people's opinion on Mernero as a form of usury?  It seems pretty evident anything with a static blocksize (such as BTC) is a usury racket in practice, but I'm not sure if the overhead from triple entry accounting allows dynamic block size and on-chain scaling to defeat this paradigm or if it would just balloon until failure of some type:

Even if you were ultra evil and wanted bcc to usurp btc you still wouldn't trade your bitcoin for bcc.

Lol?  While it would be inconvenient for a few people, I fail to see how such an action would be "evil".  If anything, trying to force the entire planet onto a single blockchain with extremely limited scaling would be the evil choice since it's inherently PRO-USURY.  I'm not a religious person, but what's the only time in the bible Jesus got violent with people?  Flipping over the tables and kicking out the usury Yids from the temple.

If you weren't a lying scammer solely trying to pump your own investment, you would logically pick the "non-evil" solution to be everyone dumping the fuck out of any currency with limited scaling and built in rent seeking, usurious middlemen (meaning all cryptocurrency), and purchasing gold or silver instead.

Is it just me or do you sound more and more like Shelby everyday.

[r0ach]

What are people's opinion on Mernero as a form of usury?  It seems pretty evident anything with a static blocksize (such as BTC) is a usury racket in practice, but I'm not sure if the overhead from triple entry accounting allows dynamic block size and on-chain scaling to defeat this paradigm or if it would just balloon until failure of some type:

Even if you were ultra evil and wanted bcc to usurp btc you still wouldn't trade your bitcoin for bcc.

Lol?  While it would be inconvenient for a few people, I fail to see how such an action would be "evil".  If anything, trying to force the entire planet onto a single blockchain with extremely limited scaling would be the evil choice since it's inherently PRO-USURY.  I'm not a religious person, but what's the only time in the bible Jesus got violent with people?  Flipping over the tables and kicking out the usury Yids from the temple.

If you weren't a lying scammer solely trying to pump your own investment, you would logically pick the "non-evil" solution to be everyone dumping the fuck out of any currency with limited scaling and built in rent seeking, usurious middlemen (meaning all cryptocurrency), and purchasing gold or silver instead.

Is it just me or do you sound more and more like Shelby everyday.

Not really.  He was into metals with Rpietila before bitcoin and then sold them all so he's terrified that they will go up in price AGAIN after he dumped them at the worst time possible (like $4 oz silver).

[ArticMine]

...

1. The premine portion is that which existed on the chain when the coin was launched in 2014, claiming 3 years of usage on the dark web, but which faked (including fake transaction activity) and actually just assigned 80% of the coin supply to the developers.

2. Bytecoin has implemented none of the traceability improvements, not even the change to the triangle distribution we implemented in 2015 (not very effective, by itself, but better than nothing). It is, I'm sure, highly susceptible to the blockchain analysis methods in the MoneroLink paper, much more so than Monero itself.

In addition to the above it is only a matter of time before Bytecoin becomes susceptible to a 51% attack. This is because Bytecoin does not have a minimum block reward like Monero but has the same kind of adaptive blocksize. At this point the Bytecoin's base reward is below 4860 BCN per block. When adjusting for the 10^4 divisibility factor between Monero and Bytecoin this is equivalent to a base reward of 0.486 XMR per block in Monero. This is already below the 0.6 XMR per block minimum block reward in Monero. Also Bytecoin's emission rate falls at a faster rate than Monero's. It will be very interesting to see how long Bytecoin survives before it falls to a 51% attack.

Edit 1: For the above reasons I prefer to look at Bytecoin as the "canary in the coal mine" instead of as the "scam in the pre / ninja mine".  
Edit 2: Bytecoin has ~36% of Monero's market cap and ~2.2% of Monero's hashrate with the same POW algorithm. Do the math.

[comp]

Monero is driving me nuts these days. It better ramp up or I will kill everybody in this forum

Not speaking for myself -》 killing everybody in the monero topic will shift the median IQ of this total forum to the extreme left of the bell curve.

[rangedriver]

Anyone else just seen Fluffypony's interview on the Keiser Report?

It's good. It's very fucking good.

Nailed it.

[cryptimus prime]

Anyone else just seen Fluffypony's interview on the Keiser Report?

It's good. It's very fucking good.

Nailed it.

Link?

[rangedriver]

Anyone else just seen Fluffypony's interview on the Keiser Report?

It's good. It's very fucking good.

Nailed it.

Link?

It's not online yet. It's currently being broadcast on RT every couple of hours throughout the day. It will probably appear on the RT website later. (Episode 1104).

[rangedriver]

Anyone else just seen Fluffypony's interview on the Keiser Report?

It's good. It's very fucking good.

Nailed it.

Link?

https://www.rt.com/shows/keiser-report/398169-episode-max-keiser-1104/

Uploaded now.

[dazbog835]

I've been wondering... since I'm new to this forum, and some of you seem ancient if I'm going by your activity rankings...
so, I was wondering...
1) how long have you people been in the crypto world?
2) how long have you been in the monero world?

[Hueristic]

So I just noticed Polo has screwed me the last 5 days or so. I opened a long and have left it and my lending rate I set to pay was 2% (default) yet I've been charged between 4.5-5$ for the LAST 5 DAYS (stupid capslock). Does anyone know why this would happen? I really don't want to open a ticket as I have no response to the last two I opened. They are really going down hill fast, I can no longer defend them.