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Author Topic: [XMR] Monero Speculation  (Read 3301397 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
Hueristic
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June 08, 2020, 05:50:28 PM
 #41901

Will the new announcement from Chainanalysis make people move their funds from Dash and ZCash to Monero? Any guesses?

https://bitcointalk.org/index.php?topic=5254231
https://blog.chainalysis.com/reports/introducing-chainalysis-investigation-compliance-support-dash-zcash

Cross posting this to the main thread, thanks for the links. Smiley

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June 09, 2020, 09:57:42 PM
Last edit: June 09, 2020, 10:22:13 PM by cAPSLOCK
 #41902

Really the killer app would be some kind of trust minimized atomic exchange.  Via lightning/tari perhaps?  Because in a sense Monero's least private bit is on/offramps more than anything else.

This proposal for atomic swaps has been fully funded:  https://ccs.getmonero.org/proposals/h4sh3d-atomic-swap-research.html

But really...  XMR's 'killer app' is it's privacy.  No other cryptocurrency can ever claim that it's better when it comes to privacy.

cAps was stating the killer app to support the monero eco system would be a seamless unregulated and private decentralized on/offramp and that looks like it is to take the form of atomic swaps. He was not stating that Monero's killer application is not privacy. I think you have skewed the context there. And yes there is no better fungible asset class than monero, not just in crypto.

Exactly correct.

What I was describing is one way Monero locks into a multidimensional crypto ecosystem, and eases all the ridiculous machinations people are doing to try to insure privacy in BTC.  All this without BTC having to change fundamentally while letting Monero provide the strongest privacy layer for BTC basically.

To quote a particular dbag "What many people fail to understand" is almost all alts do NOTHING that Bitcoin does not already do, or can have a secondary layer built to perform.  Monero is one of the very few that actually do check off that box.
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June 09, 2020, 10:39:07 PM
 #41903

Really the killer app would be some kind of trust minimized atomic exchange.  Via lightning/tari perhaps?  Because in a sense Monero's least private bit is on/offramps more than anything else.

This proposal for atomic swaps has been fully funded:  https://ccs.getmonero.org/proposals/h4sh3d-atomic-swap-research.html

But really...  XMR's 'killer app' is it's privacy.  No other cryptocurrency can ever claim that it's better when it comes to privacy.

cAps was stating the killer app to support the monero eco system would be a seamless unregulated and private decentralized on/offramp and that looks like it is to take the form of atomic swaps. He was not stating that Monero's killer application is not privacy. I think you have skewed the context there. And yes there is no better fungible asset class than monero, not just in crypto.

Exactly correct.

What I was describing is one way Monero locks into a multidimensional crypto ecosystem, and eases all the ridiculous machinations people are doing to try to insure privacy in BTC.  All this without BTC having to change fundamentally while letting Monero provide the strongest privacy layer for BTC basically.

To quote a particular dbag "What many people fail to understand" is almost all alts do NOTHING that Bitcoin does not already do, or can have a secondary layer built to perform.  Monero is one of the very few that actually do check off that box.

I have no clue why there is a stubborn maximalist class that just sticks there fingers in there ears and yells whenever someone mentions bitcoin is not the end all everything tool for all transaction types forever. They just have no clue what that would scale too, it really shows their inherent ignorance of the entire technology.

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June 10, 2020, 11:45:47 AM
 #41904

Looking at the chart of Monero of this month  it looks promising. It lost a little of it's moment but it's almost back at it's highest price of this month.

https://imgur.com/LCSepwF
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June 10, 2020, 07:16:39 PM
 #41905

Well... monero has tanked on all these recent BTC spikes before they get hammered back down.  Does not seem to have this time on the run to 10k and back.

Interesting.
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June 10, 2020, 07:40:53 PM
 #41906

Well... monero has tanked on all these recent BTC spikes before they get hammered back down.  Does not seem to have this time on the run to 10k and back.

Interesting.

I think places like Polo have run out of stolen coins to dump.

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June 12, 2020, 09:08:09 AM
Merited by Febo (1)
 #41907

Monero is one of my favourite cryptocurrencies. The price has increased since the last 3 month from $38 at 30March 2019 to $65 today.

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June 15, 2020, 12:06:53 AM
 #41908

Monero is one of my favourite cryptocurrencies. The price has increased since the last 3 month from $38 at 30March 2019 to $65 today.



Yes. I guess we are exactly 3 months from the covid-19 stock and crypto crash. Time flies fast. Without that crash price would be most likely close to $100 now.
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June 19, 2020, 03:42:46 PM
Merited by infofront (1)
 #41909

Interesting tweet that someone posted yesterday on XMRtrader subbredit.

https://twitter.com/onchainfx/status/1273617901363306501?s=20


3 years ago today, here's what our top-20 would've looked like: https://onchainfx.com/wayback/2017/06/18

Only 3 of those 20 are up today vs then:
$BTC (+258%)
$XMR (+25%)
$XLM (+76%)

The other 17 are all down; 12 of them down over 50%.
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June 19, 2020, 04:10:15 PM
 #41910

Monero is one of my favourite cryptocurrencies. The price has increased since the last 3 month from $38 at 30March 2019 to $65 today.



Yes. I guess we are exactly 3 months from the covid-19 stock and crypto crash. Time flies fast. Without that crash price would be most likely close to $100 now.

It seems like the crypto market is closely tied to the stock market, don’t it? People are becoming panicked about this upcoming fall and (unwisely) starting to hoard cash in case of the worst to come.


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Monero
XMR Open Alias: phishead@xmr.id
"I just opened a 2004 barolo in your and all the devs honour"  eyejay:  Decemeber 22nd, 2016
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June 19, 2020, 05:16:50 PM
 #41911

Monero is one of my favourite cryptocurrencies. The price has increased since the last 3 month from $38 at 30March 2019 to $65 today.



Yes. I guess we are exactly 3 months from the covid-19 stock and crypto crash. Time flies fast. Without that crash price would be most likely close to $100 now.

It seems like the crypto market is closely tied to the stock market, don’t it? People are becoming panicked about this upcoming fall and (unwisely) starting to hoard cash in case of the worst to come.

The herd often does exactly the opposite of what is prudent, and at best is behind the curve on good ideas...  It is just gonna take a little time.
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June 25, 2020, 05:01:14 PM
 #41912

ISIS-Affiliated News Website to Collect Donations with Monero
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June 25, 2020, 06:12:32 PM
Last edit: June 25, 2020, 06:27:42 PM by cAPSLOCK
Merited by Globb0 (2), bitebits (1)
 #41913


This is one of those things that is inevitable, and complex enough in it's implications that it just makes me extremely uneasy.  And not in a simple way like: ISIS BAD!!! NO, MONERO!!!

This ABSOLUTELY proves Monero's unique use case.  And to be honest, if I was one of the hyper maximalists (Think Saifedean) this would give me tremendous heartburn.  Because there is a REASON that Monero is beginning to catch up to BTC on the dark web, and why a group like ISIS would eventually see it's usefulness.  

I am a maximalst insofar as I believe that (almost) no shitcoin does anything to IMPROVE on Bitcoin.  And even the functionality of a network like ETH can not only be replicated on Bitcoin, but possibly even in a way that offers a better set of tradeoffs.  Simplicity and Rootstock are being built on TOP of the highly secure BTC network without attempting to cram the computation on the base layer itself.  It is already evident, but it will continue to be, in my opinion, that the layered approach to adding features is the correct, and inevitable approach.

But base layer privacy is not something you can just do atop BTC.

I have been saying for years that Monero is unique among the myriad shitcoins in that it actually really does something Bitcoin, not only can't, but possibly SHOULD NOT do.  Privacy on the base layer has an EXTREMELY compelling and easily understood use case.  And it also comes with it's own set of costs and tradeoffs.  There is NO DOUBT about that.  The Saifedean types have criticized Monero claiming that the private base layer makes it difficult, or impossible to audit, and means that an inflation bug could be happening even now and be being exploited unnoticed.

But privacy on the base layer is SUCH a powerful and useful concept that even *if* XMR was currently suffering from an inflation bug, it's usefulness could arguably still outweigh the cost.  Back in the day Fluffypony used to say, Do NOT BUY Monero, USE it.  And that is the meaning I always took from what he is saying.  Monero is not really going for the "digital gold" moniker.  Even though there are arguments that privacy could be important there as well.  But Monero is going for the digital CASH crown.  It has taken it's seat at the table as THE DEFACTO fungible cryptocurrency.  PERIOD.  No amount of marketing on the part of Dash can change that.  No amount of butterflies and bubbles shit out by Zooko can overcome the privicy THEATER that ZCash is.  And Monero holds the network effect prize as well.

But... I am afraid all the above is going to make Monero too famous, too fast.  In the (parting) words of a wise man:

It would have been nice to get this attention in any other context.  WikiLeaks ISIS has kicked the hornet's nest, and the swarm is headed towards us.

This is going to paint a HUGE blinking target on the back of Monero.  And I have to be realistic.  No amount of pie in the sky idealism will change the fact that even though EVERYONE wants what Monero gives us... VERY POWERFUL world governments are NOT going to look on this news cheerfully.

At least it's interesting!

GO MONERO! Smiley
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June 25, 2020, 07:41:46 PM
 #41914



Quote
Previously, the website accepted Bitcoin (BTC) donations since December 2017. According to Whitestream, the organization consolidated the BTC it received into a single address, which currently contains 0.295 BTC worth about $2,700.

I'm sure they collect more in good ol uncle sam greenbacks than any other form of currency.

In god we trust, right?

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June 26, 2020, 06:52:49 AM
Last edit: June 26, 2020, 08:16:18 PM by mprep
Merited by infofront (1)
 #41915

Don't they drop the dollars off on huge pallets?





So a look at the charts for Monero dailies.

Look how solid we have been. Still with the rising volume and falling supply.




Still feeling good, unlike BTC right now feels a bit shakey.

[moderator's note: consecutive posts merged]
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June 26, 2020, 05:29:16 PM
 #41916


This is one of those things that is inevitable, and complex enough in it's implications that it just makes me extremely uneasy.

I was not uneasy when this news site was accepting Bitcoin for 3 years. To me was total normal. If this news website was spreading some hate speech or however break some rules and regulations I am sure regulators have some ways to prevent it. Definitely donations are not the only possible way.  Only difference that will be now is that we will not know that 0.2 BTC was donated in last 3 years. Most likely will be less since Monero is less used. But we will simply not know that.  
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June 26, 2020, 06:14:57 PM
 #41917

Don't they drop the dollars off on huge pallets?



I think they use 55 gallon drums.

https://www.reddit.com/r/papermoney/comments/3s6g4y/colombian_farmer_finds_someones_600000000_buried/

Apparently is was common to hide these caches about.



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June 28, 2020, 02:35:26 PM
Merited by Hueristic (1)
 #41918


Oh damn...  I can't figure out if I'm supposed to be happy or scared cos on one hand it proves that Monero works.  On the other hand I expect more exchanges dropping it cos 'durrr Monero bad.'.

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July 01, 2020, 08:53:52 AM
 #41919


Oh damn...  I can't figure out if I'm supposed to be happy or scared cos on one hand it proves that Monero works.  On the other hand I expect more exchanges dropping it cos 'durrr Monero bad.'.

I think the risk from this (directly) is small.  Any real shift will only happen if governments use it as an example of 'durr crypto bad'.  

I think this is unlikely.  Not impossible, but unlikely - no one in the whole cryptosphere wants to see governments banning (honest) coins, it would set a dangerous precedent.  And of course there is already a lot of big connected money already invested in - and supportive of - crypto in general.

This is a fringe case, Bitcoin was solicited by Hezbollah, dollars are still used for all kinds of nasty shit.  An attack on Monero is an attack on privacy, which is of course possible - but hard to justify without many interests beyond Monero's holders protesting loudly.

我想要火箭和火车
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July 01, 2020, 11:03:14 AM
 #41920

Here is the dollar price chart from this year. Some of bitcoins action is reflected.


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