[XMR] Monero Speculation

[cAPSLOCK]

^  No rumors.  It’s just most alts are following what BTC is doing atm...  Everybody seems to be getting bullish.  I won’t lie, I’m getting a bit bullish too.  But gotta hold back, it could just be a dead cat bounce.  I’ll wait for BTC to break out of 45k, make a correction around that level and if it holds and goes up from there, then I’ll be bullish.  For now I’m just looking.

I heard a rumor about a particular blow-hard loading up with the intent to pump Monero.  I do not think this rumor is true.  And I also think I found the BS it was based on.  It could be extremely good for XMR price in the short term as this particular clown has a lot of mojo (that he does not deserve at ALL as he is an idiot).  So it's win/win really...  If he was doing this it would fall into the "there is no bad publicity" category, but we also don't want his stink on it.

But I think you are right... this is just a micro alt season.

But we are standing on the threshold of a huge Bitcoin awareness explosion.  It is turning into big news all over the world.  Idiots (like this asshole) will get tied up in NFTs, and a few of those will actually make money, I guess... but that is all part of what we will see.  Most of us went through our "alt period" in our Bitcoin journey, and a few of us degenerates have not let go of THIS particular alt for various reasons.  I know some of us like all kinds of alts... but I am more of a Maxi.  I think Bitcoin is really just about the only thing that matters.  With "just about" being super key there...

The good news is, just like some of us saw Monero and said "Oh, Wow... that actually does something unique and needed", and a lot of folks are going to come to that same conclusion eventually.  Monero is inevitable, really.



xmrig -o 127.0.0.1:18081 -u 49XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXX --coin monero --daemon -t 30  <- aiming 15Kh at the network.  One day a block will pop.


Wow... a 54% increase month over month, and XMR has moved into third place in use (at coincards.com) after BTC and ETH with Ethereum having only about 20% more TRANSACTIONAL traffic than Monero in February.

This seems fairly significant to me.  This is a measure of non darknet real world use, with Monero being used in quite a bit!  There are several chains that are having HUGE amounts of traffic as they cram all sorts of ridiculous data (NFTs, game data, etc) on their blockchains.  But these chains (other than ETH) are not being used as a form of money.

I think Bitcoin was wisely designed to do exactly one thing very well.  Smart Contract/Web3/Panopticon chains are force centralizing for foolish, in my opinion, use of their blockchains, but Monero, like Bitcoin has chosen to do exactly ONE THING and do it well.  I have thought since 2014 that Monero will be able to co-exist with Bitcoin as we go forward.  I know some folks think it could topple Bitcoin.  That I think is ignoring that Bitcoin does it's one thing better than Monero. (And vise/versa)

I do find it mind boggling that DOGE is being used more than lightning lol.  I really think the next crop of Bitcoiners will be lightning native, particularly in emerging countries. But I betcha Monero keeps a certain market share.



[moderator's note: consecutive posts merged]

[tokeweed]

  I know some of us like all kinds of alts... but I am more of a Maxi.  I think Bitcoin is really just about the only thing that matters.  With "just about" being super key there...

I tend to agree.  That’s why it hurts thinking how much I’ve lost in BTC and how much more I would’ve made in USD if I just stayed put and held everything in BTC or ETH even.  Damn...  I mean DOGE would’ve been a better trade than XMR during the bull market.  Lol.  It’s funny cos I really thought 2020 and beyond would be XMR’s time in the sun and be a permanent fixture at top 5 in CMC.  But no, it’s at 47.  

But anyway, from a pure trading perspective, watch out for ETH.  If it doesn’t implode after the hard fork to POS, easy trend up to 10k imho.  Talks going around that it’s def happening this year.

[Hueristic]

But anyway, from a pure trading perspective, watch out for ETH.  If it doesn’t implode after the hard fork to POS, easy trend up to 10k imho.  Talks going around that it’s def happening this year.

Borrowed from jjg.

[cAPSLOCK]

But anyway, from a pure trading perspective, watch out for ETH.  If it doesn’t implode after the hard fork to POS, easy trend up to 10k imho.  Talks going around that it’s def happening this year.

Borrowed from jjg.

I am probably about as anti-ETH as one could possibly be.  That is not to say it might not be a good ROI, as it HAS been.

But ETH, like all big-block projects completely breaks what Satoshi designed.  First of all this is the simple logic: Blockchain databases with several other tech solves the Byzintine General problem and allows a decentralized database.  Once you make a blockchain huge you limit the people who can be nodes.  This centralizes the coin/project leading to things like chain roll-backs and scaling panic.  Sound familiar?  Thing is once you centralize you then have removed the only real reason to use a blockchain.  Now you could just use some high efficiency standard (SQL type) database.

So ETH ends up really only being smoke and mirrors.  And that's not even the worst part.  This decentralized world computer theater paves the road to a system that looks a lot like the current one, but with all the advantages of being centralized and digital.  But because it is centralized the banks will either kill it and issue CDBCs or absorb it INTO a CDBC.

That latter is your payday if you want to invest in ETH.  But it is also t he smallest chance, in my opinion.

Monero, on the other hand, might have problems scaling and remaining decentralized... but it has a shot not to, either by increasing use at a pace tech can keep up, or by 2nd layer scaling.

ETH makes no sense.  

[gembitz]

But anyway, from a pure trading perspective, watch out for ETH.  If it doesn’t implode after the hard fork to POS, easy trend up to 10k imho.  Talks going around that it’s def happening this year.

Borrowed from jjg.

I am probably about as anti-ETH as one could possibly be.  That is not to say it might not be a good ROI, as it HAS been.

But ETH, like all big-block projects completely breaks what Satoshi designed.  First of all this is the simple logic: Blockchain databases with several other tech solves the Byzintine General problem and allows a decentralized database.  Once you make a blockchain huge you limit the people who can be nodes.  This centralizes the coin/project leading to things like chain roll-backs and scaling panic.  Sound familiar?  Thing is once you centralize you then have removed the only real reason to use a blockchain.  Now you could just use some high efficiency standard (SQL type) database.

So ETH ends up really only being smoke and mirrors.  And that's not even the worst part.  This decentralized world computer theater paves the road to a system that looks a lot like the current one, but with all the advantages of being centralized and digital.  But because it is centralized the banks will either kill it and issue CDBCs or absorb it INTO a CDBC.

That latter is your payday if you want to invest in ETH.  But it is also t he smallest chance, in my opinion.

Monero, on the other hand, might have problems scaling and remaining decentralized... but it has a shot not to, either by increasing use at a pace tech can keep up, or by 2nd layer scaling.

ETH makes no sense.  

NFTs coming to \/\/XMR? reeeeeeeeeeeee

[kurious]

(snip...)
And since we have entered a bear market monero is gonna go below $50.

I hope he didn't put his money where his mouth is and go short...

[cAPSLOCK]

(snip...)
And since we have entered a bear market monero is gonna go below $50.

I hope he didn't put his money where his mouth is and go short...

You are a nice guy kurious.  I am not.  I hope he sold his house and shorted it.

[tokeweed]

But anyway, from a pure trading perspective, watch out for ETH.  If it doesn’t implode after the hard fork to POS, easy trend up to 10k imho.  Talks going around that it’s def happening this year.

Borrowed from jjg.

LOL!  Yeah I know it sounds delusional but then again 10k is what...  Just around three times the current price.  And from what I heard it’s really looking like the merging of Ethereum and the beacon chain is going to happen this year.

Does everybody outside the ETH community really think it isn’t happening?

I am probably about as anti-ETH as one could possibly be.  That is not to say it might not be a good ROI, as it HAS been.

But ETH, like all big-block projects completely breaks what Satoshi designed.  First of all this is the simple logic: Blockchain databases with several other tech solves the Byzintine General problem and allows a decentralized database.  Once you make a blockchain huge you limit the people who can be nodes.  This centralizes the coin/project leading to things like chain roll-backs and scaling panic.  Sound familiar?  Thing is once you centralize you then have removed the only real reason to use a blockchain.  Now you could just use some high efficiency standard (SQL type) database.

So ETH ends up really only being smoke and mirrors.  And that's not even the worst part.  This decentralized world computer theater paves the road to a system that looks a lot like the current one, but with all the advantages of being centralized and digital.  But because it is centralized the banks will either kill it and issue CDBCs or absorb it INTO a CDBC.

That latter is your payday if you want to invest in ETH.  But it is also t he smallest chance, in my opinion.

Monero, on the other hand, might have problems scaling and remaining decentralized... but it has a shot not to, either by increasing use at a pace tech can keep up, or by 2nd layer scaling.

ETH makes no sense.  

Here’s what I think...  I think we might have put a premium on ‘decentralization’ and all the idealistic stuff too much.  Giving up some of it is fine for other projects that want to achieve something more than just being ‘digital gold’.  Think about a world with no ETH, or BSC or AVAX.  We’d all be stuck having BBQcoin or Auroracoin.  Lmao.  

And ETH has come to a point where we can say that it’s not going anywhere.  If anything, it could flippen BTC.

*place batman_slap.jpg here*

[cAPSLOCK]

In the US government documents concerning the takedown of the alleged Bitfinex hackers, only one other cryptocurrency is mentioned (as far as I have been able to see).  It is not ETH, Not BCASH.

Guess which one.  Bullish.

https://www.justice.gov/opa/press-release/file/1470186/download

[tokeweed]

^  A couple of years ago, I’d be really bullish.  But now?  Honestly not so much.  Not with the exchanges so quick to delist coins once they’re pressured by the government.  TPTB even got to binaryFate and it forced him to close XMR.to down.  They got Fluffy in prison.  Sucks...  I’d really prefer XMR to be away from the spot light and just be left alone to grow organically tbh.  XMR is a step up and it needs more time imho.

[cAPSLOCK]

Had more money than the entire market cap of Monero.   

[smooth]

Had more money than the entire market cap of Monero.   

And kept it poorly encrypted on a cloud service /facepalm

[Hueristic]

They look like a couple of EthTards.

I'm certain they were cutout/fallguys.

[johnfoss]

THE MONERO MOON (ISSUE 30) IS OUT NOW! Grab a coffee or a beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://medium.com/themoneromoon/the-monero-moon-issue-30-65b44cbe718e

[bct_ail]

And kept it poorly encrypted on a cloud service /facepalm

I actually think it is quite good. It shows (hopefully) more readers of such news that they should refrain (even if they don't have thousands of Bitcoins) from uploading important data to cloud servers other people's computers. Maybe it will make them understand that using a cloud server is highly critical. Even if they encrypted their data.

[cAPSLOCK]

Had more money than the entire market cap of Monero.   

And kept it poorly encrypted on a cloud service /facepalm

I like the nuance here, though it is not orthodoxy.


As a defender of Bitcoin Maxis to some extent this guy goes too hard most of the time, though he is also usually right.  But in THIS case?  I would be willing to bet he is not looking deeply enough.

It will be shown, most likely, that they went in and out of Monero at some point, but any details as to those things will only come from outside leaks.  In other words they may have gone into Monero via some dark market, or exchange... but how many DETAILS will we see.

Using Monero cannot fix dumb.  But I bet if you look deeply there will bhe some pretty big holes in the data round those orange places on the flow chart!




Well... as we do... we have reached the top of the current channel.  But one of these is either going to break UP or DOWN.

So at the moment we are on the UP location.  So chances are we bounce up from here a bit and roll down back to .0040ish.  But then, like I said one of these times we will break up.  Could this be the one? 

You tell me.



***EDIT NEXT DAY***

Well that was a quick one... and that's a nasty gap under the line...  Russia tension, I'd figure?



Not really a lot between here an 0.0037

***EDIT 2/12*** (I am doing this to save the mod the trouble of annoyingly combining posts.. I suppose the database is getting unweildy on this 12 year old forum.)

I guess on thinly traded assets the validity of these things is questionable, but it looks like the bottom trend line has flipped to resistance...  But at least we are seeing some volume.



[moderator's note: consecutive posts merged]

[johnfoss]

THE MONERO MOON (ISSUE 31) IS OUT NOW! Grab a coffee or a beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://medium.com/themoneromoon/the-monero-moon-issue-31-39f3fbe6db5a

[tokeweed]

As a defender of Bitcoin Maxis to some extent this guy goes too hard most of the time, though he is also usually right.  But in THIS case?  I would be willing to bet he is not looking deeply enough.

It will be shown, most likely, that they went in and out of Monero at some point, but any details as to those things will only come from outside leaks.  In other words they may have gone into Monero via some dark market, or exchange... but how many DETAILS will we see.

Using Monero cannot fix dumb.  But I bet if you look deeply there will bhe some pretty big holes in the data round those orange places on the flow chart!

Meh, grubles is just one of those guys who think BTC should be the end all and be all in crypto.  I mean I get it, BTC is good at what it does.  But saying that everything else is a scam?  Kek.  That’s dumb.  I used to think like him but there’s just so much more in the space than BTC.  And they better be careful, some other coin could flip it at CMC.

So...  Looking at different charts, do you think this is it for now?  

[cAPSLOCK]

So the whole world is now undergoing it's SECOND lesson on why Bitcoin matters.

Remember when the lightbulb went on for you for Monero?  Most of us, we were Bitcoinners first.  Obviously if we go back it was the only choice.  Then things like tennebrix and solidcoin appeared.  (LOL)  Most of us were lucky enough to be able to avoid these scams...  But then around 2014 I started hearing about Monero.

The lightbulb for me was this:

Monero did something that Bitcoin did not.  Something fundamental and astoundingly useful. But it was a different set of tradeoffs.  And I came to the conclusion that this was a use-case that had an excuse to be.  AND did something that took away some of Bitcoin's properties.  I never saw it as Bitcoin=Bad Monero=Good.  I saw them as complimentary.

Anyway, I am surprised to this day so few of us take that position, but that is neither here nor there.

My thougt is this:  A certain percentage those awakening to Bitcoin and why it is important are going to stumble across Monero and why it is different just like we did.  I mean they already know about NFTs, and many are seeing why that is just the wrong thing to be focusing on right now.  But a certain number of these hundreds of millions who are now seeing Bitcoin for what it is are going to realize why Monero matters.

And then they will buy some.

The questions for speculation:

How many?
When?

One thing I do not question in the least is that it is going to happen...  if you are reading this, I'd say you are in a good spot!

[Hueristic]

Monero did something that Bitcoin did not.  Something fundamental and astoundingly useful. But it was a different set of tradeoffs.  And I came to the conclusion that this was a use-case that had an excuse to be.  AND did something that took away some of Bitcoin's properties.  I never saw it as Bitcoin=Bad Monero=Good.  I saw them as complimentary.

Anyway, I am surprised to this day so few of us take that position, but that is neither here nor there.

I thought eventually bitcoin would adopt base layer features and that would regulate Monero to the shadows but the more time goes on I realize that this has become impossible.

So I see bitcoin as a perfectly viable store of value with the built in NGU tech and Monero as the transactional coin of choice that hopefully sidechains will develop on for all the silly eth type shit.