[XMR] Monero Speculation

[wpalczynski]

As I have said before it has nothing to do with permabulls, you are equally as obnoxious and self serving when you are bullish as when you are being bearish.

Telling people to hold at 004 while you just admitted you were trying to dump but you were not able to until 003.  Your motives are transparent.

[TheKoziTwo]

Might be time to repeat this one:

Yes, I've been wrong once or twice here (based on this post only once).  
Yet people still bring this same thing up all the time but in the same token forgets the numerous times when the permabulls have been wrong.

The dump from 0.004 was since Warz decided to get rid off many of his coins in Polo.

As I told earlier, I asked people to support 0.004 and got a negative response from the community (if you look at that message, it should be below it unless the author has moved it away).
That was a big red flag to me and I decided to look for a exit. Unofrtunately I was not fast enough and ended up doing it around 0.003 and lost a lot of money in this.

I don't know how many times I still have to repeat the same old stuff here... Instead of quoting this you could also quote my response to the critique always under this post. It would be much more honest way to do.

It's not really about being right or wrong. You change your writing style depending on what position you have. When you hold monero you will write ANYTHING that supports the price going up. Similarly when you have sold you will write ANYTHING that supports it going down. It's dishonest.

[Melbustus]

What's the current thinking on sidechains' impact on Monero (assuming Blockstream gets their opcode through)? Will there be any significant advantages for Monero vs a well-implemented cryptonote sidechain?

(Sorry if this has been discussed a lot recently - signal/noise in this thread seems highish right now)

[pinky]

I think we are going to test the lows. By the end of summer we are going to have resolution of the bigger triangle - up or down. Let's pray it'll go up. 

[generalizethis]

What's the current thinking on sidechains' impact on Monero (assuming Blockstream gets their opcode through)? Will there be any significant advantages for Monero vs a well-implemented cryptonote sidechain?

(Sorry if this has been discussed a lot recently - signal/noise in this thread seems highish right now)

(1) people who send BTC in the "ring signature sidechain" (RSSC), taint their BTC who are not entering the RSSC. If their identity is matched with the same identity as who put BTC in the RSSC, this person can become "flagged".

No, it's possible to trustlessly coinswap in and out of such a system, with no detectable connectivity.  And there are many reasons to use such a sidechain, such as improved smart contracting.  I consider improved fungiblity to be an essential basic feature.

Unfortunately, it's appears that it isn't possible to trustlessly swap in and out of monero because the developers of bytecoin didn't carry across smart contract functionality which they didn't understand.  Perhaps the capability could be added later.

Ok, using coinswap is possible, but in that case, you are tainting your coins with coins from the other party. You don't know if the other party is a drug lord for example. Coinswapping coins will still be a risk.

and please adress (3) also:

(3) people who want to get their BTC out of the RSSC, immediately taint those BTC. It's even easier to taint these BTC than BTC put through a mixer or using coinjoin because you don't need to do extensive chainalysis. If/when regulation starts to come down on payment processors and/or miners (see my reddit post about fungibility for more info on the risks of tainting your BTC), these BTC's will be hard to spend in the 'regular economy' or even transact with.

if your answer is again, coinswap. Fine. But why would someone voluntarily taint their coins with RSSC-mixed coins?


and also address why miners, who are generally only interested in the mining profit and not the politics, run an RSSC node?
Even if it doesn't take more resources to do it... if it ever becomes illegal to run a node that supports RSSC (money laundering law for example), I don't think many (big) miners/pools will take the risk.

[TrueCryptonaire]

Might be time to repeat this one:

Yes, I've been wrong once or twice here (based on this post only once).  
Yet people still bring this same thing up all the time but in the same token forgets the numerous times when the permabulls have been wrong.

The dump from 0.004 was since Warz decided to get rid off many of his coins in Polo.

As I told earlier, I asked people to support 0.004 and got a negative response from the community (if you look at that message, it should be below it unless the author has moved it away).
That was a big red flag to me and I decided to look for a exit. Unofrtunately I was not fast enough and ended up doing it around 0.003 and lost a lot of money in this.

I don't know how many times I still have to repeat the same old stuff here... Instead of quoting this you could also quote my response to the critique always under this post. It would be much more honest way to do.

It's not really about being right or wrong. You change your writing style depending on what position you have. When you hold monero you will write ANYTHING that supports the price going up. Similarly when you have sold you will write ANYTHING that supports it going down. It's dishonest.

No it is not dishonest.
It is actually the opposite: I am doing what I am preaching.
If I believe the chance of dump is higher (significiantly) than the chance of going up, I sell my bag and tell also to others that I've sold because it is most likely going down. I do not like keeping secrets. And vice versa.
Market is free and it is open 24/7. I buy when I think th echance of going higher > the chance to go lower and sell when it is opposite.
All my moves can be read pretty easily from the tone of my posts and also what I say.

When it comes to 0.004 being low, it could have been new low and as I've said several times earlier, I would not have any reason to sell unless the community would have agreed with me to make it new low.
I admit, I was wrong there. Even though usually I am right, I am sometimes wrong also.
I guess even the best traders are wrong sometimes, but they know how to fix it and cut the loss before it is way too late.

I am not a permabull, and not permabear neither.
Being permasomething is a way of ignorance and a stupidity at the same league than some religious cults living in cognitive dissonance.

[GingerAle]

wishin i had sold at 0.002 !!

[aerbax]

wishin i had sold at 0.002 !!

Trying to predict the upswings and downswings is just way too stressful for me.  I find it much easier to just buy a little more at each dip.

I reached my target quantity last week, so unless we suffer a major drop in price, I'm a content little guppy in a sea of whales. 

[pönde]

Last news in getmonero.org are from March 30.

What is going on with Monero? Could someone write a Monero news to this thread once a week?

[dnaleor]

What's the current thinking on sidechains' impact on Monero (assuming Blockstream gets their opcode through)? Will there be any significant advantages for Monero vs a well-implemented cryptonote sidechain?

(Sorry if this has been discussed a lot recently - signal/noise in this thread seems highish right now)

I can't say what "the" current thinking is, but here is my thinking:

Gregory Maxwell is working on something called "Confidential Transactions" which will add privacy to bitcoin using "Pederson commitments" (proposed by Adam Back in 2013).

https://people.xiph.org/~greg/confidential_values.txt

Everyone should keep an eye on this.

I don't know all the technical details of his proposal, but just think theoretically here:
A sidechain which works perfectly like Monero is introduced, what are the consequences?

(1) people who send BTC in the "ring signature sidechain" (RSSC), taint their BTC who are not entering the RSSC. If their identity is matched with the same identity as who put BTC in the RSSC, this person can become "flagged".

(2) people can transact within the RSSC anonymously. This has value. (The same value as transacting in XMR).

(3) people who want to get their BTC out of the RSSC, immediately taint those BTC. It's even easier to taint these BTC than BTC put through a mixer or using coinjoin because you don't need to do extensive chainalysis. If/when regulation starts to come down on payment processors and/or miners (see my reddit post about fungibility for more info on the risks of tainting your BTC), these BTC's will be hard to spend in the 'regular economy' or even transact with.

People probably want to avoid (3) happening, so they keep their BTC in the RSSC. But this has disadvantages too, your BTC are locked in this particular sidechain! If another (better) sidechain comes out, you can't migrate them (or maybe you can, don't know if the sidechain proposal allows settlement directly on another sidechain or not). Also, if miners and/or nodes stop supporting the 'obfuscation sidechains' like RSSC (assuming they even wanted to touch them in the first place), you can't even use the transaction system (2) and your BTC became worthless in an unsupported sidechain.

Why risk all that and not just buy XMR? you can always dump them if the market is starting to switch towards another (better) anon cryptocoin? 

[GingerAle]

Last news in getmonero.org are from March 30.

What is going on with Monero? Could someone write a Monero news to this thread once a week?

Monero News / why old post on site: Fluffypony travels to Europe. Lots of stuff happens. Meanwhile, development occurs. https://github.com/monero-project/bitmonero/commits/master . Commits trump missives.  if you ** really ** want to keep up with whats going on, use the main ANN thread, squat in any #monero channel on IRC, etc.

[pönde]

Last news in getmonero.org are from March 30.

What is going on with Monero? Could someone write a Monero news to this thread once a week?

Monero News / why old post on site: Fluffypony travels to Europe. Lots of stuff happens. Meanwhile, development occurs. https://github.com/monero-project/bitmonero/commits/master . Commits trump missives.  if you ** really ** want to keep up with whats going on, use the main ANN thread, squat in any #monero channel on IRC, etc.

Thanks.

Do you mean this ANN thread?
https://bitcointalk.org/index.php?topic=658990.460
Last post seems to be  June 19. Is threre any more active ANN thread?

What anyway ANN stands for?

[GingerAle]

Last news in getmonero.org are from March 30.

What is going on with Monero? Could someone write a Monero news to this thread once a week?

Monero News / why old post on site: Fluffypony travels to Europe. Lots of stuff happens. Meanwhile, development occurs. https://github.com/monero-project/bitmonero/commits/master . Commits trump missives.  if you ** really ** want to keep up with whats going on, use the main ANN thread, squat in any #monero channel on IRC, etc.

Thanks.

Do you mean this ANN thread?
https://bitcointalk.org/index.php?topic=658990.460
Last post seems to be  June 19. Is threre any more active ANN thread?

What anyway ANN stands for?

Sorry, I guess its not demarcated as ANN

https://bitcointalk.org/index.php?topic=583449.25620

ANN stands for announcement (as far as I know)

in the future, use this string in google

monero site:bitcointalk.org

to find everything monero related in this forum.

[DaveyJones]

Last news in getmonero.org are from March 30.

What is going on with Monero? Could someone write a Monero news to this thread once a week?

Monero News / why old post on site: Fluffypony travels to Europe. Lots of stuff happens. Meanwhile, development occurs. https://github.com/monero-project/bitmonero/commits/master . Commits trump missives.  if you ** really ** want to keep up with whats going on, use the main ANN thread, squat in any #monero channel on IRC, etc.

Thanks.

Do you mean this ANN thread?
https://bitcointalk.org/index.php?topic=658990.460
Last post seems to be  June 19. Is threre any more active ANN thread?

What anyway ANN stands for?

https://bitcointalk.org/index.php?topic=583449.0

This thread he is talking of.

And ANN stands for Announcment

[TaunSew]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

[elrippo]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

[TaunSew]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

[generalizethis]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Dude, really? You make the above comment, but post this https://bitcointalk.org/index.php?topic=1103206.0.

To FUD or not to FUD is a lame question.

 

[Calabi–Yau Manifold]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Normal market move after monero bubble. Buy target 0.001-0.0015

[rangedriver]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Normal market move after monero bubble. Buy target 0.001-0.0015

Chance would be a fine thing. Those sell orders around 19-20 are unlikely to hang around for long. Too many people are in the XMR game now, and those buying for the long-term are snapping up wherever they can.