Globb0
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Free spirit
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February 20, 2018, 03:20:22 PM
Last edit: February 20, 2018, 03:41:49 PM by Globb0 |
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The Monero blockchain is becoming very large, i wonder how big it will become in around 5 years time when Monero has mass adoption on the darkweb. Hardware wallets cant come soon enough either and will drive the price of XMR up high  there is a significant transaction size reduction in/after testing and ready for a practical roll out soon tm. It needs some serious work to take place because it must be robust and thoroughly guerilla tested. From concept up. |
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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Febo
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February 20, 2018, 03:21:47 PM |
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guys i want to ask you a question? Why is still so damn hard to use Monero wallets? I've spent literally 2.5 day to recover some funds I had in an old wallet.
Do you prefer any much practical method for that?
Use a remote node if you don't have a synced blockchain. Restore from a block height not much older than the wallet for a quicker scan. Should take no more than minutes if it is not a very old wallet. thanks for your assistance, i will try this method in future. one more question I gave half of my Monero to a close friend but so far it is still sitting in the same wallet that I originally set up. Can I create another wallet on the same machine and if I do then how can I transfer half of the XMR to him. Should I transfer it all in one go or would it be more sensible to make multiple smaller payments? I think if you set different name it will make new fresh wallet. Always is important that you store safely mnemonic seeds (those 25 words password) that you get. From old wallet and from this new one. With them you can open your wallet at any time on any machine. If you somehow lost mnemonic seed of your old wallet. And you are afraid you would rewrite old wallet with newly created one you can do this backup. Find wallet files and made a copy of them on your desktop before you are opening new fresh wallet. Walet files are usually stored on C:Documents\Monero |
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solias
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February 20, 2018, 04:36:36 PM |
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Precisely. I'd love to know the year where infinite monero exist  Year ∞. Which is ∞ years after the heat-death of the universe is posited. As to where, I would suggest the conformal point at ∞. How accurate is this youtube video's content on the debt-based money system and the enslavement of people? https://www.youtube.com/watch?v=fKob3fGSm9o |
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Anon136
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February 20, 2018, 05:12:03 PM |
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Precisely. I'd love to know the year where infinite monero exist Year ∞. Which is ∞ years after the heat-death of the universe is posited. As to where, I would suggest the conformal point at ∞. How accurate is this youtube video's content on the debt-based money system and the enslavement of people? https://www.youtube.com/watch?v=fKob3fGSm9oOk so at 3:42 he kinda has it wrong here. They wouldn't loan out 9 billion by using 1 of the 10 billion as reserve. The 10 billion would be the reserve and they would loan out 90 billion. At 4:33 It's true that if everything works flawlessly they can rehypothecate base money deposits over and over again up to some theoretical limit but that never really happens. Eventually someone withdraws cash and it gets interrupted. That might explain another reason why certain people and groups hate cash so much.  "Inflation is essentially a hidden tax on the public." Kinda. It's more a hidden tax on the subjects of our empire. It hides from the american public that the US empire is an empire by obfuscating the flow of funds. In the past empires would just go to foreign lands and say give us your gold or we'll cut ya. But that is politically untenable in the modern world. So the inflation of the dollar is the means by wich we transfer funds from our subjects to our homeland. If any of our vassal states interrupt this process in any way than we do send the military to fuck them up but the state tells the public that it's for humanitarian reasons. That's how modern empire works. So then it might occur to you to ask how does inflation transfer funds from vassal states to the US homeland. Other countries are forced to hold USD reserves. As their purchasing power is inflated away they are forced to buy continually more. In order to get more they send us products and resources. Oil is the biggest thing. That's why we have such cheap gas in the us compared to other places and such an abundance of cheap chinese products. So yes some of our purchasing power is inflated away too but the american people are largely the beneficiaries of this also. With regard to the question of the inability to create non interest bearing money to pay interest on previous debts. The fed has a tool called an "open market operation". The fed doesn't HAVE to buy t-bills with the money that it creates. It doesn't HAVE to buy debt instruments. It can buy what ever it wants. If it buys equities (stocks) for example than it is creating new money to buy an asset not a debt. There is no money owed on this newly created money. In theory this could be used to pay the interest on debt. Truthiness 7/10. All the stuff about commercial banks rehypothecating money over and over again is true and important. And the fed does buy a lot of t-bills. There probably doesn't exist enough money in the system to pay all the debt, that is probably true. But the fed could create it if it wanted through open market operations. So it's not quite as dire as it makes it sound in some ways. It's right in that it is a giant purposely complex scheme designed to be unintelligible to all but the initiated and rob the world of it's prosperity. I would call it true enough. Yes I can tie all that to a monero speculation thread. All that nonsense up there is part of why monero is such a great value proposition! |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If 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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aminorex
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Sine secretum non libertas
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February 20, 2018, 06:04:20 PM |
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In the U.S. SEC Rule 15c3-3 limits rehypothecation. Broker-dealers can rehypothecate collateral up to 140% of the amount of the loan to the posting client.
In the U.K. it is unbounded AFAICT. So of course multinational banks just move it all into a City office. Regulatory arbitrage FTW!
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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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DanWalker
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February 20, 2018, 07:01:55 PM |
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The Monero blockchain is becoming very large, i wonder how big it will become in around 5 years time when Monero has mass adoption on the darkweb. Hardware wallets cant come soon enough either and will drive the price of XMR up high I think that the developers will solve this problem. The coin is very popular, but it needs to be constantly improved so that users do not switch to other similar coins. Now Monero occupies a leading position among private coins. |
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Anon136
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February 20, 2018, 08:59:54 PM |
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In regards to the moneroV scam, if I do nothing to claim my moneroV from my web wallet, will my privacy for monero be effected? Thank you.
Perhaps marginally if enough other people make claims but much much less than if you claim yours. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If 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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explorer
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February 20, 2018, 09:43:29 PM |
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several mobile non-custodial wallets to choose from if you don't want to use the native wallet or a web wallet. GUI on windows is... not great, requires patience. Linux it is smooth and fast.
True [...] GUI on windows is... not great, requires patience. Linux it is smooth and fast.
Also true. ... as I post this from a Windows 10 laptop. After attempting to sync it on my laptop I decided it is time to put linux on it. Couldn't be happier with my decision... Ditto. I finally got my Puri.sm laptop a couple weeks ago. Love it. Solved all of the annoying GUI lag. Hardware helps, but Windows is such a tar pit, it's amazing anything works on it. |
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explorer
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February 20, 2018, 09:53:23 PM |
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After attempting to sync it on my laptop I decided it is time to put linux on it. Couldn't be happier with my decision...
My laptop just crashed as I was reading this post, kind of ironic don't you think? (still using windows 10) I've been on and off trying to duel boot Debian with Windows, but every time I've tried it ends up in some sort of error or the installation freezes. I've installed it on computers and VMs before, so I'm beginning to think it's a hardware issue; especially since no other distros are having better luck on it either. Personally getting away from advertised spyware (read the windows fine print) entirely is a must. I even wiped W10 off of a HP notebook for my mom and installed Ubuntu. Works great. Simplicity is sometimes it's own benefit! |
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cAPSLOCK
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Whimsical Pants
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February 20, 2018, 09:59:37 PM |
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Sorry to snap us back to topic.  But now that bitcoin is doing it's best resurrection act and alts are shrinking... what do you guys see for the future price action of our beloved coin? I hate watching the XMRUSD just hold, or slowly drop under these circumstances... What normally happens? Do we see a springboard after the BTC rise? Why can't I remember. It's not like I haven't been through this 1000 times. |
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mambamanagement
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February 20, 2018, 10:46:22 PM |
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In regards to the moneroV scam, if I do nothing to claim my moneroV from my web wallet, will my privacy for monero be effected? Thank you.
Perhaps marginally if enough other people make claims but much much less than if you claim yours. Is there something I actually have to do to claim them? If I simply “do nothing” and pretend like it didn’t happen will I be good? |
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Johnny Mnemonic
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February 20, 2018, 10:50:17 PM
Last edit: February 20, 2018, 11:00:25 PM by Johnny Mnemonic |
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But now that bitcoin is doing it's best resurrection act and alts are shrinking... what do you guys see for the future price action of our beloved coin?
XMR looks to be on track to do what it always does. Fireworks on March 20th. $1500. |
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aamirsuh
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February 20, 2018, 11:24:05 PM |
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I do not come to make a negative estimate for the price of Monero. Because I think a really strong project will come at Monero and much higher prices.
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kaliukvictoriya42
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February 20, 2018, 11:24:42 PM |
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If you can estimate the adoption rate then it would simply be the point in time at which adoption and emission curves intersect. Pretty sure Rpitila has all the numbers to do this if he hasn't done so already....
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Aby Normal
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February 21, 2018, 12:42:17 AM |
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The Monero blockchain is becoming very large, i wonder how big it will become in around 5 years time when Monero has mass adoption on the darkweb. Hardware wallets cant come soon enough either and will drive the price of XMR up high I think that the developers will solve this problem. The coin is very popular, but it needs to be constantly improved so that users do not switch to other similar coins. Now Monero occupies a leading position among private coins. No worries, hardware developers are doing their thing https://arstechnica.com/gadgets/2018/02/samsung-crams-30tb-of-ssd-into-a-single-2-5-inch-drive/ |
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explorer
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February 21, 2018, 01:12:50 AM |
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If you can estimate the adoption rate then it would simply be the point in time at which adoption and emission curves intersect. Pretty sure Rpitila has all the numbers to do this if he hasn't done so already....
OK fuck off already. https://bitcointalk.org/index.php?topic=753252.msg8500874#msg8500874 |
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ozkraut
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February 21, 2018, 01:31:35 AM |
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After attempting to sync it on my laptop I decided it is time to put linux on it. Couldn't be happier with my decision...
My laptop just crashed as I was reading this post, kind of ironic don't you think? (still using windows 10) I've been on and off trying to duel boot Debian with Windows, but every time I've tried it ends up in some sort of error or the installation freezes. I've installed it on computers and VMs before, so I'm beginning to think it's a hardware issue; especially since no other distros are having better luck on it either. I use a Chromebook with galliumos, which is a distro based on xubuntu made especially for Chromebooks. And I replaced the 32 Gig ssd with a 128 Gig ssd. No dual booting, just linux. I've had dual boot machines in the past but for my cheap, efficient little acer c720p Chromebook it's linux all the way and cli monero daemon and wallet that run like a dream. ah peppy....that describes me except i went for the 256GB ssd. Nice and easy. Bought another 720p for spares. |
Monero - Wir sind die Leute vor denen uns unsere Eltern gewarnt haben!
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megadeth
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bagholder since 2013
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February 21, 2018, 01:37:08 AM |
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The legendary http://moneroinvestment.com scenario analysis spreadsheet.  Anyone remember this  |
bagholder since 2013
My sig space is not for sale.
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cAPSLOCK
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February 21, 2018, 03:21:30 AM |
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On bittrex right now there are bids for more xmr than currently exist. At a guess, between the major exchanges, there are probably lit bids for at least 4x the current supply. You could turn all of the monero over into new hands in a fraction of a second without moving the price more than 50%.
The liquidity situation is extremely good. If you want to dump your Monero with little slippage, this is not a bad time to do it. Well, except that it is always a bad time to sell an undervalued asset. But if Vinnie the Gooch is collecting that bet you made, or the tax man is putting a lien on your house, yeah, dump now.
I have remained disinclined to sell any Monero as I have for years. Well let me put that another way... there are times I am highly tempted to sell, but I end up choosing to sit tight. Luckily for me neither Vinnie or the tax man are after me. And when I do sell crypto I will pay my damn taxes. I prefer life on this side of bars. . I'm just curious where people think these very interesting times are taking us. I never have a clue. |
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