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Author Topic: [XMR] Monero Speculation  (Read 3195774 times)
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johnalan
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February 14, 2018, 04:32:18 PM
 #36781

My main fear with Monero is that the government just bans exchanges from listing Monero. Sure you can use it, but there will be almost no place where you can exchange it for fiat (except meeting in a shady alley with a hooded guy bringing cash for your Moneros  Grin).

Streisand effect.

Not going to happen anyway.
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February 14, 2018, 05:35:30 PM
 #36782

My main fear with Monero is that the government just bans exchanges from listing Monero. Sure you can use it, but there will be almost no place where you can exchange it for fiat (except meeting in a shady alley with a hooded guy bringing cash for your Moneros  Grin).

Sooner or latter we will use only decentralized exchanges.  Atomic swaps will happen cross blockchains so from one coin to another so that will basically be an decentralized exchange.

I am not saying that sudden BAN from all 180 countries that happen tomorrow would not hit Monero adoption.  But this will for sure not happen. And even if it happen would have no big impact in years to come. Most likely a positive advertisement same as it had on Bitcoin in 2011 and latter.

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Billy Bunter
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February 14, 2018, 05:58:37 PM
 #36783

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.

Giving them your keys affects overall privacy, and your own past transactional privacy, if I have it right.  Just ignore it.

Whether you give them your keys or not doesn't matter. As I understand it, anyone who owns Monero and then transacts on the MoneroV chain, imperils everyone's privacy.

See here and read down:

https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/

Baguette Holder.
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February 14, 2018, 06:54:42 PM
 #36784

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.

Giving them your keys affects overall privacy, and your own past transactional privacy, if I have it right.  Just ignore it.

Whether you give them your keys or not doesn't matter. As I understand it, anyone who owns Monero and then transacts on the MoneroV chain, imperils everyone's privacy.

See here and read down:

https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/


So suppose few people dump it. This boosts the price up and makes these clowns look serious. Roll Eyes Great.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 14, 2018, 07:45:55 PM
 #36785

now we see a exciting and huge increase in ethereum classic because of the upcoming fork in the beginning of May. We will see a similar increase in Monero because Monero will have a fork named MoneroV in the middle of March. All should accummulate some Monero before getting late for price soaring soon

sorry already ATH or close
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February 14, 2018, 08:07:16 PM
 #36786

Just to be clear, with this hard fork and all, there is no problem with the Monero anonymity ? Because this is what makes Monero so special, anonymity... is this a reason to sell, this coming hard fork? I guess not, I don’t want to sell! But I am Having trouble understanding the whole coming situation
It's a scheduled update that happens every 6 months. Calling it a hard fork is to scare n00bs away and lower the price for those in the know and for people to fud by saying shit like "Oh no is it broke".

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February 14, 2018, 09:00:13 PM
 #36787

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.

Giving them your keys affects overall privacy, and your own past transactional privacy, if I have it right.  Just ignore it.

Whether you give them your keys or not doesn't matter. As I understand it, anyone who owns Monero and then transacts on the MoneroV chain, imperils everyone's privacy.

See here and read down:

https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/


So suppose few people dump it. This boosts the price up and makes these clowns look serious. Roll Eyes Great.

I hope they find a solution for this fork. I hope the dumping of MoneroV has not to big of a negative affect on privacy Monero. Because that’s what Monero is all about...
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February 14, 2018, 10:13:12 PM
 #36788

What if someone forks Monero then breaks security, does it reveal all?


Don't complain about the floods, floods happen. Be a boatbuilder.
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February 14, 2018, 10:22:33 PM
 #36789

What if someone forks Monero then breaks security, does it reveal all?



Depends how many keys they collect.  As far as I can see, this is just a data harvesting attempt, or a cash grab.
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February 14, 2018, 10:33:14 PM
 #36790

The privacy situation that Monero is claiming affects me positively. Cryptology is sometimes good and sometimes I think it's a bad thing. This market is creating a new world economic system. Monero can be a strong place.
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February 14, 2018, 10:34:23 PM
 #36791

What if someone forks Monero then breaks security, does it reveal all?



Depends how many keys they collect.  As far as I can see, this is just a data harvesting attempt, or a cash grab.

OK so they can only effect their future transactions? great


Don't complain about the floods, floods happen. Be a boatbuilder.
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February 14, 2018, 11:41:58 PM
 #36792


wccftech.com in the tech world is well known for it's clickbait articles that are nothing but rumors. never take anything they write seriously without verification. I wouldn't doubt it's a paid for article.


This is an interesting narrative.  And one I have not proven myself.  I have heard it is more true on asian dark net servers.  But I would think the latest addition of Monero at Dream (I think?) would fly in the face of this a little.  Dark net vendors are getting more savvy little by little.

Asians as a whole have generally used LTC than their western counterparts.

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Will this protocol change affects botnets mining? And if it affects that, does it means hashing power will dive at least for some time around fork period?

Will there be a chance of a chain split because these "70% unknown" hash power comes from botnets and that they might not just switch the software version promptly, leaving and old "ghost" chain burning power and taking some unaware souls?

It is meant to prevent ASIC miners. There was speculations that someoen build ASIC miner so if that is the case then mining hash power should reduce. I think there is little chances for that. Also if that is the case, those that have ASIC miners will now start an offensive against this change. Since with this change will lose their advantage.

No one can tell how many hash power comes from bootnets. Can be 99%. Botnets operators can easily join any pool. So as any miner can mine solo or on private pool. On that pie 70% was marked as unknown only because maker of that pie know names of pools that do only 30% of hashpower . If he would do homework a bit better could easily add few % more.  Saying "because these "70% unknown" hash power comes from botnets" is simply wrong.

Ok, but you answered none of my points... I actually want to know if it will impact on botnet mining (not if it was target for that). And also, I agree that it is not right to say that 70% are indeed botnet, which I didn't. I may have expressed myself bad, but what I meant was: "IF a great part of that 70% unknown hash rate DO comes from botnets and that botnets are mining using old code, will we have any hash power break down upon update?"

Effecting Botnets is not a stated goal AFAIK, so it would be tough to know until the code is out and tested.


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February 14, 2018, 11:49:28 PM
 #36793

XMR will come in better places for the price. The price of bitcoin has started to rise again and I think that XMR will be good places. We are waiting for the beautiful days.

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February 14, 2018, 11:52:36 PM
 #36794

i just bought some monero. i hope vmonero fork would do same efect as ignis did to next. probably i will sell my moneros 2-3 days before fork.

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February 14, 2018, 11:55:26 PM
 #36795

What if someone forks Monero then breaks security, does it reveal all?



Depends how many keys they collect.  As far as I can see, this is just a data harvesting attempt, or a cash grab.

OK so they can only effect their future transactions? great



Any keys you give up to claim coins discloses all past transaction data from that wallet.  Any transaction on the new chain compromises the ring signature for both chains.  Not sure if stupid, greedy, or malicious, maybe they are all of the above.  Just let it wither and die.  I know some will trade their own grandmother for 10 cents, and you just can't reach those people.  But anyone responsible and forward thinking (Monero hodlers?) will have nothing to do with cheesy poofs forks.
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February 15, 2018, 12:02:12 AM
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 #36796

Any news when Monero mobile wallet will be released, currently it is very difficult to send XMR payment on the go.

Finally! I've been waiting for this for long time. We really need this. And we need monero on more hardware wallets really.

One would be a fine start...

ROTFLMFAO!

Latest update I have on RFC-HWallet (I was getting spammed with all the updates so turned them off).

https://taiga.getmonero.org/project/michael-rfc-hwallet-1-implementation/task/21

Sweet Pr0n shot. Smiley




This is an interesting narrative.  And one I have not proven myself.  I have heard it is more true on asian dark net servers.  But I would think the latest addition of Monero at Dream (I think?) would fly in the face of this a little.  Dark net vendors are getting more savvy little by little.

Litecoin has historically been best positioned to absorb spillover from obsolete use cases excluded by Bitcoin's rise to power.  When Bitcoin was too slow for Bitpay to work (Xmas shopping season) I used Litecoin instead because it was the only option I wouldn't feel dirty touching (ETH? Nope.  Bcash? LOL git rekt.  Dash? Oh Hell naw!).  Cheesy

Despite my disdain for Vitalik's Bailout Fork, ETH has inserted/cemented itself into the primary spillover capture role ahead of Litecoin, but I expect LTC to make a comeback due to Lightning, cross-chain atomic swaps, and greater reliability/fungibility/decentralization proving its superior long-term fundamentals.

It's good for Monero that Litecoin is helping us break up the Bitcoin/Ethereum duopoly.  Once a market relents from its Bitcoin maximalist supremacist monopolist (or 'Muh Flippening') paradigm there is no more protectionism and every coin must compete for users based on its own merits.  That means cheap tx fees, quick confirms, low withdrawals fees, and extra features such as privacy.

I concur, competition is good for innovation. But that article is bullshit. Smiley

It's not a Monero ASIC, but if they can do it for ethash...

https://bitcointalk.org/index.php?topic=2932282.0

Now how do we find out how long they have been Burn testing these. Cheesy

I wonder if this will speed the POS timeline or lengthen it?

My main fear with Monero is that the government just bans exchanges from listing Monero. Sure you can use it, but there will be almost no place where you can exchange it for fiat (except meeting in a shady alley with a hooded guy bringing cash for your Moneros  Grin).

The US Gov (which I'm guessing is what you mean) has banned exchanges and they have survived so that right there tells you what will happen.

What if someone forks Monero then breaks security, does it reveal all?



Depends how many keys they collect.  As far as I can see, this is just a data harvesting attempt, or a cash grab.

OK so they can only effect their future transactions? great



Any keys you give up to claim coins discloses all past transaction data from that wallet.  Any transaction on the new chain compromises the ring signature for both chains.  Not sure if stupid, greedy, or malicious, maybe they are all of the above.  Just let it wither and die.  I know some will trade their own grandmother for 10 cents, and you just can't reach those people.  But anyone responsible and forward thinking (Monero hodlers?) will have nothing to do with cheesy poofs forks.
Whats the ETA on the snapshot?

All you guys that are just going to dump just make sure to move your funds to a new wallet before the snapshot and then again after.

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February 15, 2018, 12:32:02 AM
 #36797


Whats the ETA on the snapshot?

All you guys that are just going to dump just make sure to move your funds to a new wallet before the snapshot and then again after.

Good point.  For some reason I assumed it was already done.  Watch the blocks fill up  Grin

Too much hassle tho, to dig up the cold storage.
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February 15, 2018, 02:00:57 AM
 #36798


Whats the ETA on the snapshot?

All you guys that are just going to dump just make sure to move your funds to a new wallet before the snapshot and then again after.

Good point.  For some reason I assumed it was already done.  Watch the blocks fill up  Grin

Too much hassle tho, to dig up the cold storage.

Pre-fork: A -> B
On Fork: B -> exchange -> dump
On Monero: B -> C -> A

Does that mitigate the problem?
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February 15, 2018, 02:03:16 AM
 #36799

now we see a exciting and huge increase in ethereum classic because of the upcoming fork in the beginning of May. We will see a similar increase in Monero because Monero will have a fork named MoneroV in the middle of March. All should accummulate some Monero before getting late for price soaring soon

WOW you really called that ETC dump! Oh wait you said buy?

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February 15, 2018, 02:48:27 AM
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 #36800


Whats the ETA on the snapshot?

All you guys that are just going to dump just make sure to move your funds to a new wallet before the snapshot and then again after.

Good point.  For some reason I assumed it was already done.  Watch the blocks fill up  Grin

Too much hassle tho, to dig up the cold storage.

Pre-fork: A -> B
On Fork: B -> exchange -> dump
On Monero: B -> C -> A

Does that mitigate the problem?

No. Because your transaction of "B -> exchange" will use several ring signature partners and your transaction "B -> C" will use several ring signature partners and both of those transactions will have one ring signature partner in common, and that one partner in common will be you.

The only way to do it safely is to have all of the ring signature partners the be the same for both transactions and there does not currently exist any function inside of monero to choose specific ring signature partners.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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