[XMR] Monero Speculation

[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.

[Hueristic]

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.

@14:06

[Febo]

Lots of fake buy walls on Poloniex. Not sure why they actually put them. Hoping for flash crash? Is that even possible in Monero?

[dazbog835]

lol. BCH states under their 'benefits' page, that Bitcoin Cash is fungible. Do other coins that are not fungible, also claim to have fungibility?

[novag]

 Interview with Riccardo Spagni (fluffypony) in Las Vegas.

https://www.youtube.com/watch?v=d5PwhSHMXuE

[bitebits]

[...]
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.

Wouldn't it then be way more profitable to mine Bytecoin? I must be missing something here.

[goin2mars.]

[...]
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.

Wouldn't it then be way more profitable to mine Bytecoin? I must be missing something here.

Block reward is order of magnitude less in value.

[Vigens]

Auction first ever Monero physical coin 1KingCK
https://bitcointalk.org/index.php?topic=2059427.0

[explorer]

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.

What you set is the initial borrowing rate.  Any roll over will always be at the best available rate at the time.  Recently the lending pool shrank drastically as  people removed btc from exchanges so they could collect their alt fork coins.  Rates mooned, borrowers paid.

[DaveyJones]

Lots of fake buy walls on Poloniex. Not sure why they actually put them. Hoping for flash crash? Is that even possible in Moreno?

No those walls where just there to get the according BCC in case Polo will every attribute them you put a margin buy order low in the book and only pay the interest for the BTC and still also get the BCC

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.

Most likely you only had 2 day loans and when those run out only the bigger ones were left, and are taken automatically... the order does not get canceled if it doesnt fulfill the 2% you stated in the first order in a renewal
.

[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.

What you set is the initial borrowing rate.  Any roll over will always be at the best available rate at the time.  Recently the lending pool shrank drastically as  people removed btc from exchanges so they could collect their alt fork coins.  Rates mooned, borrowers paid.

Lots of fake buy walls on Poloniex. Not sure why they actually put them. Hoping for flash crash? Is that even possible in Moreno?

No those walls where just there to get the according BCC in case Polo will every attribute them you put a margin buy order low in the book and only pay the interest for the BTC and still also get the BCC

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.

Most likely you only had 2 day loans and when those run out only the bigger ones were left, and are taken automatically... the order does not get canceled if it doesnt fulfill the 2% you stated in the first order in a renewal
.

Well thats a load of horeshit! So they think if they remove all loans that they can force you to pay more than you agreed to. Thats retarded. The margin should close or you should be asked if you agree to a higher rate. Where the fuck does it say I agreed to that shit?

[explorer]

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.

What you set is the initial borrowing rate.  Any roll over will always be at the best available rate at the time.  Recently the lending pool shrank drastically as  people removed btc from exchanges so they could collect their alt fork coins.  Rates mooned, borrowers paid.

Lots of fake buy walls on Poloniex. Not sure why they actually put them. Hoping for flash crash? Is that even possible in Moreno?

No those walls where just there to get the according BCC in case Polo will every attribute them you put a margin buy order low in the book and only pay the interest for the BTC and still also get the BCC

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.

Most likely you only had 2 day loans and when those run out only the bigger ones were left, and are taken automatically... the order does not get canceled if it doesnt fulfill the 2% you stated in the first order in a renewal
.

Well thats a load of horeshit! So they think if they remove all loans that they can force you to pay more than you agreed to. Thats retarded. The margin should close or you should be asked if you agree to a higher rate. Where the fuck does it say I agreed to that shit?

lol  it's all there.  I prefer the current model where you are free to close your position any time if it gets too hot, as opposed to being liquidated inopportunely because of rising fees which may or may not be of concern.