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Author Topic: [XMR] Monero Speculation  (Read 3205515 times)
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October 19, 2017, 03:50:58 PM
 #33521

https://themerkle.com/tabfor-lets-users-decide-upon-a-cause-for-in-browser-monero-mining/

I do believe that increasing hash rate feeds back into price support.  It is not unidirectionally causal, being more of a reflexive factor (in the sense of Mr. Soros), yet conditionally causal in the larger picture.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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October 19, 2017, 04:49:12 PM
 #33522

Can somebody give me his advice?

I will repeat the points which have prevented me from ever using Zcash. (ZEC, XZC and Zcash name the same single cryptocurrency.)

I don't trust the "trusted setup".  On the one hand, 6 people are not enough to preclude collusion, or to provide enough eyes to do diligence against trickery.  On the other hand it is too many points of failure, given that the incentive to defect is on the order of at least hundreds of millions of dollars, potentially many billions.

I don't trust the design.  Sigint operatives have subverted NIST standards, inserted backdoors in commercial and open source operating systems, even intercepted hardware being shipped from a vendor and modified it to gain systems access.

Let's consider the known facts about the Zcash team in this light:

Greene is at UMd, and NSA is very tight with UMd. He has publicly stated that zerocash (upon which zcash is based) can be backdoored, in the interests of the government.

Zooko Wilcox, the most visible member if the Zcash team, after whom the currency is named (!!), has also made public statements - and subsequently retracted them - similar to Greene's.

Members of the development team include admitted former Mossad sigint operatives.  And I don't think one ever really leaves the Mossad.  The Mossad cooperates extensively with the U.S. intelligence agencies.

Now let's consider factors unrelated to the specific team:

The mathematics of zk-snarks is not adequately reviewed.  Few people understand it well, and nobody understands it well enough to publish a peer-reviewed proof of its security in any feasible implementation.  Existing proofs address much more narrowly restricted claims, and are easily used as a cover for insidious activities.

Anonymity is only useful if the participants in the anonymity set are many.  The overwhelming majority of Zcash transactions are not anonymous, by design.  This has terrible consequences for the privacy and security of those network participants who choose to use it's purported privacy features.

AlphaBay implemented Zcash on July 1st.  By July 5th their servers were seized, and within days the principal operator was found dead, hanging by the neck in a Bangkok jail cell.

My conclusion:

I can not prove, but on the evidence and facts do believe, that Zcash is an NSA/Mossad honeypot, like Dash, and if you use it in conjunction with an activity which members of the Anglo-Israeli signals intelligence community are incentivized to disrupt, your life is in danger.  

I have had extensive experience working with these people, and consider them to be ruthless sociopaths. Nice friends to have, and generally well-meaning and interesting individuals, but sociopaths none the less.  Hitler was kind to animals and children.  As Voltaire observed, if you can be made to believe absurdities, you can be made to commit atrocities.


Edit, in post script:

Besides which, I find it offensively stupid to pay the developers a 20% tax.  I believe in voluntary support of the common good, not stealthy embezzlement.  I am not volunteering to be anyone's tax donkey, let alone volunteering to be subject to invasive surveillance in the process.



Bravo. Quoting this so I can find it again if Zcash is mentioned.  I will of course attribute it to its sagacious author if I ever mention it.

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October 19, 2017, 06:38:44 PM
 #33523

There were late breaking bugs in Byzantium, so Parity Tech wants it pushed back, to avoid the possibility that a rushed fix does serious harm, but core seems hostile to the delay, in large degree because of the impending difficulty bomb: If Constantinople, and full-on PoS, doesn't come very soon, the bomb will create a lot of volatility, in block times, and in prices (just when EOS is set to become a serious competitor)... There are just too many ways for this to go wrong.  Each is unlikely in isolation, but in aggregate it adds up to an awful lot of risk, right after a massive pump.  That is likely to spur a lot of profit-taking, in my opinion.  

The golden boy of crypto is starting to look green around the edges, and a bad smell accompanies him into the room lately.  ICOs have been driving BTC, and ETH even more so.  Now that they are drying up or domiciling in third-world havens (unattractive to investors) as regulators crack down in all the first and second world countries, now that the only platform for ICOs that matters is beginning to shake, the ICO inflows are drying up, and the recent correction may very well be the start of a crypto sector cap shrink, another crypto winter, another bubble pop.  The tide may be going out, and we may soon see who has been swimming naked.  

On the other hand, this is just the sort of fraught situation which creates a wall of worry, and persistent hidden demand could force price to climb that wall.  It seems very binary to me.  (And when everyone thinks so, then price will stagnate, plateau, and form a long term base.  Such is the contrarian's reality: A hall of mirrors, Spy vs. Spy.)



Can someone translate this post in a ELI5 manner. I don't know most of these ETH (I assume) insider terms. Cheesy

Can somebody give me his advice? I was researching privacy coins and it come down to two XMR and ZCoin (XZC), and as far as I understand XZC is pretty good. It also has small marketcap the problem is only with not big community... So where to invest XMR or XZC? Thanks in advance and apologies if im in the wrong thread...

Zcoin is a fraud that was launched at the same time as Zcash to steal the more foolish of the zcrap crowd and after lauch the Dev created coins out of thin air and dumped them, IOW it is a complete Scam.

AFA Zcash which is what you were probally refering to, aminorex covered that perfectly.

I think distributed blockchains might be the future solution to scalability.

Sounds wacky but imagine scaling out instead of up.



This sounds like adding a massive point of vulnerability that will certainly be used as an attack vector.

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October 19, 2017, 08:44:38 PM
 #33524

Well maybe, and I suppose that's the point of healthy discussion.

A 51% attack might kind of become a 25.5% attack, but not if you used the anonymity powers to not let miners know which chain they were holding parts off.

I know it means you need a new kind of chain explorer that assembles everything from various clients. A bit more like torrents.

I am just some crazy guy with some ideas.


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October 19, 2017, 10:09:16 PM
Last edit: October 19, 2017, 10:27:45 PM by KeyJockey
 #33525


Can someone translate this post in a ELI5 manner. I don't know most of these ETH (I assume) insider terms. Cheesy


The simplest and most memorable criticism I ever remember reading about Ethereum was that the entire edifice is a massive house of cards balanced on the back of a 30 kilogram Russian  Grin

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October 19, 2017, 10:25:16 PM
 #33526

The simplest and most memorable criticism I ever remember reading about Ethereum was that the entire edifice is a massive house of cards balanced on the back of a 30 kilogram Russian  Grin
wtf everybody hate Ethereum this week
But why? What happened? Did Vitalik stepped on balls of crypto community?
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October 20, 2017, 02:02:47 AM
 #33527

The simplest and most memorable criticism I ever remember reading about Ethereum was that the entire edifice is a massive house of cards balanced on the back of a 30 kilogram Russian  Grin
wtf everybody hate Ethereum this week
But why? What happened? Did Vitalik stepped on balls of crypto community?


Is it because ethereum supporters are called eth-heads? LOL I really don't know much if anything about ethereum. So, I just read this article and it did help to understand the current situation:  https://www.cnbc.com/amp/2017/10/19/josh-brown-goes-down-the-bitcoin-rabbit-hole-commentary.html

I especially liked this clarification to Aminorex's recent post about Ethereum driving bitcoin's price. Author says "From what was explained to me, the only reason for the run up in ether is that you need it to participate in ICOs (Initial Coin Offerings – an alternative to a traditional IPO where a company raises money via Ethereum). Bitcoin is "dumb" in that it can only be used for exchange or storing value. Ethereum is said to be "smart" because it can be used to codify one party's responsibility to another, like a contract. So all the hedge funds and traders flipping ICOs need to first buy ETH coins. Bitcoin doesn't get used for ICOs. Yet."

Anyway, my takeaway from the enjoyable article is that the crypto-verse is poised to really explode in 2018 (with probable volatility).

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October 20, 2017, 03:10:47 AM
 #33528


Can someone translate this post in a ELI5 manner. I don't know most of these ETH (I assume) insider terms. Cheesy


The simplest and most memorable criticism I ever remember reading about Ethereum was that the entire edifice is a massive house of cards balanced on the back of a 30 kilogram Russian  Grin

shit, I had to google "edifice"! Lol Smiley


The simplest and most memorable criticism I ever remember reading about Ethereum was that the entire edifice is a massive house of cards balanced on the back of a 30 kilogram Russian  Grin
wtf everybody hate Ethereum this week
But why? What happened? Did Vitalik stepped on balls of crypto community?


Never liked it because of the massive Pre-mine. And then they created the flawed DAO and became mutable and centralized so they are the epitome of what crypto was created to battle.



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October 20, 2017, 03:19:23 AM
 #33529

Patience and HODL are the key,
I predict that XMR would need time to have next support,
patience is the key.

I ll love to HODL this too a bit longer
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October 20, 2017, 03:41:45 AM
 #33530

Can somebody give me his advice? I was researching privacy coins and it come down to two XMR and ZCoin (XZC), and as far as I understand XZC is pretty good. It also has small marketcap the problem is only with not big community... So where to invest XMR or XZC? Thanks in advance and apologies if im in the wrong thread...

Zcoin is a fraud that was launched at the same time as Zcash to steal the more foolish of the zcrap crowd and after lauch the Dev created coins out of thin air and dumped them, IOW it is a complete Scam.

AFA Zcash which is what you were probally refering to, aminorex covered that perfectly.

Oops.  I should have read more carefully.  I seem to be developing a habit of making a fool of myself in the manner of Emily Litella...."nevermind." 

I infer that I don't take zerocoin seriously enough to recognize the words on my screen, whereas I find Zcash incredibly annoying.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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October 20, 2017, 04:05:59 AM
 #33531

Patience and HODL are the key,
I predict that XMR would need time to have next support,
patience is the key.

I ll love to HODL this too a bit longer
ohm, I don't think that Monero price will rise again soon. The price has reached the top at $137 on August 31, and now it tends to decrease. So, Maybe you will have to wait for a long time. Undecided

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October 20, 2017, 04:12:03 AM
 #33532

Can somebody give me his advice? I was researching privacy coins and it come down to two XMR and ZCoin (XZC), and as far as I understand XZC is pretty good. It also has small marketcap the problem is only with not big community... So where to invest XMR or XZC? Thanks in advance and apologies if im in the wrong thread...

Zcoin is a fraud that was launched at the same time as Zcash to steal the more foolish of the zcrap crowd and after lauch the Dev created coins out of thin air and dumped them, IOW it is a complete Scam.

AFA Zcash which is what you were probally refering to, aminorex covered that perfectly.

Oops.  I should have read more carefully.  I seem to be developing a habit of making a fool of myself in the manner of Emily Litella...."nevermind." 

I infer that I don't take zerocoin seriously enough to recognize the words on my screen, whereas I find Zcash incredibly annoying.

LOL, had to google that one! Now if you had said Roseanne Roseannadanna... Smiley


Patience and HODL are the key,
I predict that XMR would need time to have next support,
patience is the key.

I ll love to HODL this too a bit longer
ohm, I don't think that Monero price will rise again soon. The price has reached the top at $137 on August 31, and now it tends to decrease. So, Maybe you will have to wait for a long time. Undecided

Yup nothing but dumping from here on out will never get to $160 again! Everyone should sell right now while they can still get over $50. Cheesy

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October 20, 2017, 05:00:59 AM
 #33533

Waiting for december  Grin

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October 20, 2017, 09:38:58 AM
 #33534

once again i abuse this thread for a little advertising  Tongue

https://bitcointalk.org/index.php?topic=1958068


leave a comment Smiley
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October 20, 2017, 09:52:15 AM
 #33535

Supply of coins on Polo is roughly matching the buy side.This is not normal for XMR, coins for sale are much fewer than normal. Just sayin. Maybe some people are trying to keep the lead on the price, it looks very flat.  I don't think this can last if sell side / buy side ratio stays like this.
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October 20, 2017, 09:53:20 AM
 #33536


LMAO. So much for Tezos' superior organizational structure  They sure showed silly old Core how to run a project.  Wow such meta-governance!

This fiasco provides an example of a governance model in a failure mode despite (or perhaps due to) being massively funded and then enjoying an BTC moon windfall on top of that.

L'affaire Tezos illustrates the crucial point that no amount of money makes up for talented, motivated, creative developers and a critical mass of community coming together in a viable ecosystem.

Like Tezos, Dash is falling badly behind in self-imposed development schedules despite having and endless supply of money to throw around.

The best devs are not for sale.  They work on whatever they want.  Nobody can buy them with ICO or Instamine shittokens.

The best devs tell people what they are going to do why they should be paid to do it.

Speaking of that, let's pat ourselves on the back for the Monero's FFS working out so well. Cool

If you were excited and then disappointed about Tezos, check out Cardano.  If their Ouroboros staking schema works as intended, PoW may be obsolete.  This convinced me: https://www.youtube.com/watch?v=JwxVySVF-U4


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October 20, 2017, 02:07:54 PM
 #33537


So, I just read this article and it did help to understand the current situation: 
https://www.cnbc.com/amp/2017/10/19/josh-brown-goes-down-the-bitcoin-rabbit-hole-commentary.html


LOL, besides the Ethereum stuff... this mainstream-media old-school CNBC article's not-too-subtle DISS on Bitcoin Cash actually kinda makes me want to go out and buy MORE BCH, rather than what I suspect is their intended effect (i.e. drive people away from it and encourage the masses to stick to *only* BTC and its "1Meg4EVA" design philosophy...)

All the "Roger Ver Is The Devil" hysteria aside... I'm getting a distinct impression that "they" are more than a little freaked out and panicking that BCH did not just immediately roll over and die after August 1st launch.

Srsly "interesting times" we live in.



Anyway, my takeaway from the enjoyable article is that the crypto-verse is poised to really explode in 2018 (with probable volatility).


That's probably overall very, very true.

I have to keep reminding myself that, frankly, it probably does NOT matter all THAT much what we-all here are choosing to put our interest and money into these days... as I suspect it will turn out in the end (10-15 years out) that having even JUST a little BIT of ANYTHING right now will put us miles-ahead of anyone else these days who has NOT YET gotten into *any* type of crypto, at all.

All those poor fools out there on the street who still believe their "dollars" will have any use or value in the future... SMH  Cry

Bottom line: Whether you have some BTC or BCH or XMR or ETH or even (gasp!) stupid Dash(LOL) as long as you can reasonably HODL onto MOST of it... you'll probably be just fine.  Maybe not "buy a private island rich" type of "fine" (that might require a bit more trading skill/luck in the intervening years) but at least "better off than you'd otherwise have been" type of "fine"...

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October 20, 2017, 03:12:55 PM
 #33538


LMAO. So much for Tezos' superior organizational structure  They sure showed silly old Core how to run a project.  Wow such meta-governance!

This fiasco provides an example of a governance model in a failure mode despite (or perhaps due to) being massively funded and then enjoying an BTC moon windfall on top of that.

L'affaire Tezos illustrates the crucial point that no amount of money makes up for talented, motivated, creative developers and a critical mass of community coming together in a viable ecosystem.

Like Tezos, Dash is falling badly behind in self-imposed development schedules despite having and endless supply of money to throw around.

The best devs are not for sale.  They work on whatever they want.  Nobody can buy them with ICO or Instamine shittokens.

The best devs tell people what they are going to do why they should be paid to do it.

Speaking of that, let's pat ourselves on the back for the Monero's FFS working out so well. Cool

If you were excited and then disappointed about Tezos, check out Cardano.  If their Ouroboros staking schema works as intended, PoW may be obsolete.  This convinced me: https://www.youtube.com/watch?v=JwxVySVF-U4

I tried to watch that but his accent was so bad I had to keep backing up and it just got too tedious. Do you have a link to the whitepaper?


....

All those poor fools out there on the street who still believe their "dollars" will have any use or value in the future... SMH  Cry
...

I do agree with the majority of your post but I have to address this one point.

Lets not delude ourselfs here, it is easy to drink the koolaid and fall into a circle jerk the size of the entire CC sphere.

Let me make this abundantly clear, NEVER will CC replace FIAT until and when The Powers that be wish it to!!! This is a fact, TPTB control the bankers and the bankers support the people who are the current PTB, it is a symbiotic relationship that is backed by every authoritarian force on this planet!!! This is no small thing that can be overcome, we can only somewhat mitigate it by making our own economical model, but that model will NEVER replace the one the Governments support until and when they decide to adopt it and then they will control the model of their choosing and that will not be the model the masses are using, They will retain control for the foreseeable future and the best we can hope for is parity between the 2 at some point which is a very long way away and it is not in our lifetime.

I wish this was not true but it is a fact. He who carries the biggest stick makes the rules we may never evolve past that, and the reason for that is anyone and or group that tries to supplant that ideology is beaten down with that stick (which is in the form of "the authorities") under many different guises and concealed by a myriad of factors.

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October 20, 2017, 03:55:26 PM
 #33539


Let me make this abundantly clear, NEVER will CC replace FIAT until and when The Powers that be wish it to!!! This is a fact, TPTB control the bankers and the bankers support the people who are the current PTB...


Well this has major potential to get way, way, WAY off-topic so we probably shouldn't delve TOO deep down the rabbit hole, LOL... but just suffice to say your point may be correct IF in fact, as you say, the "politicians" control the "bankers".

IF however, in fact you dig a little deeper and it's REALLY the "bankers" at the tippy-top of the hidden pyramid -- such that actually it's the BANKERS control the POLITICIANS (who then only appear, or pretend, to control the lower-level visible "bankers")...

AND the source of ultimate power that ALLOWS these bankers to control the politicians is their magic ability to create "MONEY" out of nothing...

AND maybe IF in fact CRYPTO actually removes, or at least reduces if not "eliminates" that power... ? ? ?

WELL, then... ?

Maybe there's more here than meets the eye at first glance, and your foregone conclusion that "they" won't "allow" whatever ain't so certain after all Cheesy

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October 20, 2017, 03:58:12 PM
 #33540

Imagine, one year ago ?Kozy? paid 1 BTC that I stop to post here.

Today worth 6.000 Dollar Smiley
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