[XMR] Monero Speculation

[medusa13]

yeah maybe i just dramatize.
with current xmr prices i am not affected too, but we all know how fast things can turn around here.

i just want to say, longterm, we need at least one liquid alternate market without regulation as long as possible
it does not need to be the leading exchange, but at least the option should exist.

if enough people raise their voice for it, it might happen
 

[vokain]

yeah maybe i just dramatize.
with current xmr prices i am not affected too, but we all know how fast things can turn around here.

i just want to say, longterm, we need at least one liquid alternate market without regulation as long as possible
it does not need to be the leading exchange, but at least the option should exist.

if enough people raise their voice for it, it might happen
 

Indeed.

Try here too: https://bitcointalk.org/index.php?topic=946174.msg11418649#msg11418649

I don't know how much the CN code base may or may not be compatible, but seems worth exploring:

"Many more currencies and crypto-assets will be added in the future if they are in high demand by Mercury users. Rather than supporting all altcoins, I strongly believe in only supporting cryptocurrencies that provide real value, especially innovative "Bitcoin 2.0" technologies. Any crypto-asset can be tradable on Mercury, as long as it at least supports transaction scripts like Bitcoin's."

[binaryFate]

i tried it, worked well.
unfortunately they send with mixing 0, rest worked fine for me. sometimes the price they offer is not so good, sometimes its better than on the exchange.

Hmm, I haven't tried it myself, but I could've sworn that I read Shapeshift uses mixin 3 now. I thought it was on reddit, but not seeing it now. Did you try within the last week or two, or longer ago than that?

They set it back to zero because of some problems with dust outputs or something. I don't know who received that message, but if you read this, please come and elaborate more on this matter (or perhaps shapeshift itself could elaborate?).

Just fyi,
I just tried shapeshift, (I just can't say no to +500 xmr/btc) - the transaction was done with mixin = 1

Looks completely obfuscated to me, but I'm really only starting to experiment with Monero transactions.

I just looked through my IRC log, and I'm not entirely sure, but it looks like the lowered mixins have to do with too many support tickets cropping up because the wallet software gets messed up with random huge transactions due to "not enough outputs to mix". So, my interpretation is that for personal use, you could fix this kind of error just by retrying with different send amounts etc, but with an automated system (like shapeshift) it doesn't work as well.

In general, I think this phenomenon is on the to do list, wherein the codebase will be modified such that any output can be utilized for a ring signature, as opposed to just unspent outputs. This has the effect of increasing the total number of available outputs for inclusion in the ring signature. This was in one of our podcasts somewhere.

A workaround for shapeshift could be: 1) receive/send with two digits XMR precision + 2) regularly/automatically consolidating amounts between two hot wallets. 2) could help poloniex with the same issue, but I'm not sure they'll want to enforce 1) (one more mining directly to polo problem). 

You can't stricly enforce 1), people can make mistakes, or they can decide to "bloat" your wallet maliciously.

They could round down to the second digit and then also subtract 0.01 or 0.02 XMR (wallet consolidation fee) from each deposit. This way they'll be able to keep the withdraw fee the same or even lower it while increasing the mixin to 3-10 for withdraws. Wallet consolidation fee may also discourage mining directly to the exchange. Whoever decide to ""bloat" your wallet maliciously" would pay the fee to consolidate it again. Could they possibly (legally?) enforce that?

It's just offsetting the cumulative worst-case cost to *all* users. I suppose it might be acceptable for an exchange, maybe less for shapeshift or xmr.to; I can speak at least for xmr.to, this is not an experience we'd like to offer to users.

[wpalczynski]

am i the only one that feels that the 25k daily limit on polo may slow down monero's growth?
why should somone bet on 10 dollar monero prices if they wont be able to cash out quick enough. I am sure not the only one that feels uncomfortable with the situation, no?
not that i think it will happen tomorrow, but still.

yes, 25k is a lot, i agree, it's a lot for me too. nevertheless the situation might happen where one wants to withdrawl more and quicker.
same goes for marketmakers and fake wall makers. the market just wont be the same like that...

did you hear anything about another exchange? please feed me with the newest rumours!
a big OTC market maybe would do it too for the moment. should check out the OTC chanell on freenode, never been there.

we have to talk about this. Its sure not the desired situation to have the only liquid xmr market on an exchange where you need to register.

maybe this is not the right place, but the whole topic surely affects price/volume/market sentiment

If the limits are too limiting, bring it up with support. They're flexible given due circumstances.

i allready asked this question. they said to me the limit is the maximum, they said it's not possible to raise it because its part of the law they are following.
in the past, limits could've always been raised, but this was before this all happend..

I'm very curious what law they are following which states you cannot move >25k of your own money after all verifications of identity are in place.

[kazuki49]

am i the only one that feels that the 25k daily limit on polo may slow down monero's growth?
why should somone bet on 10 dollar monero prices if they wont be able to cash out quick enough. I am sure not the only one that feels uncomfortable with the situation, no?
not that i think it will happen tomorrow, but still.

yes, 25k is a lot, i agree, it's a lot for me too. nevertheless the situation might happen where one wants to withdrawl more and quicker.
same goes for marketmakers and fake wall makers. the market just wont be the same like that...

did you hear anything about another exchange? please feed me with the newest rumours!
a big OTC market maybe would do it too for the moment. should check out the OTC chanell on freenode, never been there.

we have to talk about this. Its sure not the desired situation to have the only liquid xmr market on an exchange where you need to register.

maybe this is not the right place, but the whole topic surely affects price/volume/market sentiment

If the limits are too limiting, bring it up with support. They're flexible given due circumstances.

i allready asked this question. they said to me the limit is the maximum, they said it's not possible to raise it because its part of the law they are following.
in the past, limits could've always been raised, but this was before this all happend..

I'm very curious what law they are following which states you cannot move >25k of your own money after all verifications of identity are in place.

I'm sure if thats the case its all done to protect your "freedom".

[wpalczynski]

am i the only one that feels that the 25k daily limit on polo may slow down monero's growth?
why should somone bet on 10 dollar monero prices if they wont be able to cash out quick enough. I am sure not the only one that feels uncomfortable with the situation, no?
not that i think it will happen tomorrow, but still.

yes, 25k is a lot, i agree, it's a lot for me too. nevertheless the situation might happen where one wants to withdrawl more and quicker.
same goes for marketmakers and fake wall makers. the market just wont be the same like that...

did you hear anything about another exchange? please feed me with the newest rumours!
a big OTC market maybe would do it too for the moment. should check out the OTC chanell on freenode, never been there.

we have to talk about this. Its sure not the desired situation to have the only liquid xmr market on an exchange where you need to register.

maybe this is not the right place, but the whole topic surely affects price/volume/market sentiment

If the limits are too limiting, bring it up with support. They're flexible given due circumstances.

i allready asked this question. they said to me the limit is the maximum, they said it's not possible to raise it because its part of the law they are following.
in the past, limits could've always been raised, but this was before this all happend..

I'm very curious what law they are following which states you cannot move >25k of your own money after all verifications of identity are in place.

I'm sure if thats the case its all done to protect your "freedom".

Although I agree that 25k is a lot of monero right now it wouldn't be if it went back up to its high of 5 or 6 dollars.  This limit would make it hard for people who like to hop in and out of currency unless they keep their crypto on the exchange.  I wonder if they will make exceptions.

[ArticMine]

...

Although I agree that 25k is a lot of monero right now it wouldn't be if it went back up to its high of 5 or 6 dollars.  This limit would make it hard for people who like to hop in and out of currency unless they keep their crypto on the exchange.  I wonder if they will make exceptions.

If Monero goes up in price for this to be an issue the market will solve this problem with exchanges that are not limited to a 25,000 USD withdrawal per day and / or multiple exchanges in different jurisdictions. The best solution to this kind of problem is a wide diversity in exchange providers, exchange types, jurisdictions etc.

[wpalczynski]

...

Although I agree that 25k is a lot of monero right now it wouldn't be if it went back up to its high of 5 or 6 dollars.  This limit would make it hard for people who like to hop in and out of currency unless they keep their crypto on the exchange.  I wonder if they will make exceptions.

If Monero goes up in price for this to be an issue the market will solve this problem with exchanges that are not limited to a 25,000 USD withdrawal per day and / or multiple exchanges in different jurisdictions. The best solution to this kind of problem is a wide diversity in exchange providers, exchange types, jurisdictions etc.

Whats the largest USD withdrawals from the larger BTC exchanges you guys heard about?  Do they have limits?  Could you withdraw a mil?

[shmadz]

...

Although I agree that 25k is a lot of monero right now it wouldn't be if it went back up to its high of 5 or 6 dollars.  This limit would make it hard for people who like to hop in and out of currency unless they keep their crypto on the exchange.  I wonder if they will make exceptions.

If Monero goes up in price for this to be an issue the market will solve this problem with exchanges that are not limited to a 25,000 USD withdrawal per day and / or multiple exchanges in different jurisdictions. The best solution to this kind of problem is a wide diversity in exchange providers, exchange types, jurisdictions etc.

Whats the largest USD withdrawals from the larger BTC exchanges you guys heard about?  Do they have limits?  Could you withdraw a mil?

CaVirtex was the highest limit I had seen at 200k

 
Could you withdraw a mil? Not a chance. There is no where near that kind of liquidity on virtex... maybe slowly over the course of a year...

[explorer]

...

Although I agree that 25k is a lot of monero right now it wouldn't be if it went back up to its high of 5 or 6 dollars.  This limit would make it hard for people who like to hop in and out of currency unless they keep their crypto on the exchange.  I wonder if they will make exceptions.

If Monero goes up in price for this to be an issue the market will solve this problem with exchanges that are not limited to a 25,000 USD withdrawal per day and / or multiple exchanges in different jurisdictions. The best solution to this kind of problem is a wide diversity in exchange providers, exchange types, jurisdictions etc.

Whats the largest USD withdrawals from the larger BTC exchanges you guys heard about?  Do they have limits?  Could you withdraw a mil?

CaVirtex was the highest limit I had seen at 200k

 
Could you withdraw a mil? Not a chance. There is no where near that kind of liquidity on virtex... maybe slowly over the course of a year...

Withdraw is not the same as sell...

[celestio]

Whats the limit for BTC-E and those other exchanges?

[shmadz]

Withdraw is not the same as sell...

Sure, but I can't think of another reason you'd want to withdraw a million dollars from an exchange? How did those million dollars get there? Likely you want to liquidate your 2010 stash and you're looking to cash out, right?

[wpalczynski]

Withdraw is not the same as sell...

Sure, but I can't think of another reason you'd want to withdraw a million dollars from an exchange? How did those million dollars get there? Likely you want to liquidate your 2010 stash and you're looking to cash out, right?

Whale trading.. if weeks or months in between trades you wouldn't want to keep Fiat or BTC on an exchange.

[explorer]

Withdraw is not the same as sell...

Sure, but I can't think of another reason you'd want to withdraw a million dollars from an exchange? How did those million dollars get there? Likely you want to liquidate your 2010 stash and you're looking to cash out, right?

Sure, but liquidate over a period of days or weeks, withdraw at a different rate... I know cavirtex for example, had offered to raise limits on a prearranged, case by case basis.  Not sure what the new owners, or other exchanges offer. 

[Hueristic]

am i the only one that feels that the 25k daily limit on polo may slow down monero's growth?
why should somone bet on 10 dollar monero prices if they wont be able to cash out quick enough. I am sure not the only one that feels uncomfortable with the situation, no?
not that i think it will happen tomorrow, but still.

yes, 25k is a lot, i agree, it's a lot for me too. nevertheless the situation might happen where one wants to withdrawl more and quicker.
same goes for marketmakers and fake wall makers. the market just wont be the same like that...

did you hear anything about another exchange? please feed me with the newest rumours!
a big OTC market maybe would do it too for the moment. should check out the OTC chanell on freenode, never been there.

we have to talk about this. Its sure not the desired situation to have the only liquid xmr market on an exchange where you need to register.

maybe this is not the right place, but the whole topic surely affects price/volume/market sentiment

If the limits are too limiting, bring it up with support. They're flexible given due circumstances.

i allready asked this question. they said to me the limit is the maximum, they said it's not possible to raise it because its part of the law they are following.
in the past, limits could've always been raised, but this was before this all happend..

I'm very curious what law they are following which states you cannot move >25k of your own money after all verifications of identity are in place.

I'm sure if thats the case its all done to protect your "freedom".

Welcome to AmeriKa.

[kazuki49]

I think it's high time that btc-e dropped all those nonsense dinosaur coins and replace them with XMR. It just makes sense.

The longer they take to add Monero while keeping these shitcoin, worse are their perceived image overall IMO, Cryptsy e.g. has 0 trust from me now.

[futureofbitcoin]

I think it's high time that btc-e dropped all those nonsense dinosaur coins and replace them with XMR. It just makes sense.

The longer they take to add Monero while keeping these shitcoin, worse are their perceived image overall IMO, Cryptsy e.g. has 0 trust from me now.

Lol, so self-centered. Unfortunately the world doesn't care what you think, dude. Most people don't know about monero. Most bitcoiners. Not adding monero isn't going to do anything to their image, at least not yet.

This overly delusional optimism is really harming monero's image just like delusional bitcoiners harm bitcoin's image. You guys need to be realistic while being optimistic. Sure, maybe monero has promise. But as of now, it's really not that significant yet.

[kazuki49]

I think it's high time that btc-e dropped all those nonsense dinosaur coins and replace them with XMR. It just makes sense.

The longer they take to add Monero while keeping these shitcoin, worse are their perceived image overall IMO, Cryptsy e.g. has 0 trust from me now.

Lol, so self-centered. Unfortunately the world doesn't care what you think, dude. Most people don't know about monero. Most bitcoiners. Not adding monero isn't going to do anything to their image, at least not yet.

This overly delusional optimism is really harming monero's image just like delusional bitcoiners harm bitcoin's image. You guys need to be realistic while being optimistic. Sure, maybe monero has promise. But as of now, it's really not that significant yet.

perception is reality, what part of "IMO" and "from me" you missed?

[mrkavasaki]

monero are dying

[generalizethis]

monero are dying

It would be Moneroj are dying or Monero is dying, knowhere-man.

And what's a  VIP-Sr? Do you get special treatment at the octogenarian strip club?