[XMR] Monero Speculation

[RealBitcoin]

The library creation process should be faster, we need that wallet in 2015, so i hope devs can hurry up.

I wont buy more monero until this happens, and i`m sure many investors think the same.

[8XMR]

The library creation process should be faster, we need that wallet in 2015, so i hope devs can hurry up.

I wont buy more monero until this happens, and i`m sure many investors think the same.

Development take time. Have you donated to developers? How have you helped speed development?

[smooth]

The library creation process should be faster, we need that wallet in 2015, so i hope devs can hurry up.

I wont buy more monero until this happens, and i`m sure many investors think the same.

Development take time. Have you donated to developers? How have you helped speed development?

Targeted funding proposals on the forum are another possibility

[smooth]

Edit: Also, I have heard on some threads on here that Satoshi has roughly 1 Million BTC that he possesses.. does this mean that bitcoin was a fast mined coin or something of that nature?

It is not a fastmine the way that term is normally used (meaning most of the coins mined in a few months or less, before slowing way down). The Bitcoin mining rate was the same for 4 years, which is not only not a fastmine, but it is slower than that vast majority of new coins.

It is also not an instamine, which properly refers to some kind of malfunction or failure of difficulty to adjust that causes the coin to be mined faster than the specified rate (in fact Bitcoin was mined a bit slower than scheduled in the first year).

However, it is fair to say that was narrowly mined, in that it was mined by a relatively small group of people (though claims sometimes made that it was only "a few" people are probably wrong) for the first year or so. Whether you think that is unfair or represents a hinderance to the success of BTC is up to you. The argument has been made by quite a few people that satoshi's alleged stash is a cloud over the market since he could decide to start selling it at any unknown time.

[GingerAle]

Edit: Also, I have heard on some threads on here that Satoshi has roughly 1 Million BTC that he possesses.. does this mean that bitcoin was a fast mined coin or something of that nature?

It is not a fastmine the way that term is normally used (meaning most of the coins mined in a few months or less, before slowing way down). The Bitcoin mining rate was the same for 4 years, which is not only not a fastmine, but it is slower than that vast majority of new coins.

It is also not an instamine, which properly refers to some kind of malfunction or failure of difficulty to adjust that causes the coin to be mined faster than the specified rate (in fact Bitcoin was mined a bit slower than scheduled in the first year).

However, it is fair to say that was narrowly mined, in that it was mined by a relatively small group of people (though claims sometimes made that it was only "a few" people are probably wrong) for the first year or so. Whether you think that is unfair or represents a hinderance to the success of BTC is up to you. The argument has been made by quite a few people that satoshi's alleged stash is a cloud over the market since he could decide to start selling it at any unknown time.

Specifically because everyone could witness the movement of those coins.

I know you know this. I know the rest of Monerians know this. But if you're peeping in for the first time, think about it. Because bitcoin has a completely transparent blockchain, and because satoshi sits on a million bitcoins, the simple act of one person deciding to use their money could send an entire ecosystem into a frenzy.... probably a tailspin. If that doesn't tell you the power and importance of an opaque blockchain, I don't know what can.

[adhitthana]

Edit: Also, I have heard on some threads on here that Satoshi has roughly 1 Million BTC that he possesses.. does this mean that bitcoin was a fast mined coin or something of that nature?

It is not a fastmine the way that term is normally used (meaning most of the coins mined in a few months or less, before slowing way down). The Bitcoin mining rate was the same for 4 years, which is not only not a fastmine, but it is slower than that vast majority of new coins.

It is also not an instamine, which properly refers to some kind of malfunction or failure of difficulty to adjust that causes the coin to be mined faster than the specified rate (in fact Bitcoin was mined a bit slower than scheduled in the first year).

However, it is fair to say that was narrowly mined, in that it was mined by a relatively small group of people (though claims sometimes made that it was only "a few" people are probably wrong) for the first year or so. Whether you think that is unfair or represents a hinderance to the success of BTC is up to you. The argument has been made by quite a few people that satoshi's alleged stash is a cloud over the market since he could decide to start selling it at any unknown time.

I think we can make the argument, but I kinda suspect it won't happen. Once Satoshi does that there is no turning back. i don't know, but I suspect he values his anonymity (although that really puts a high price on it).
I'm assuming of course that we can identify his "stash".

[MalMen]

If someone want to spend some monero meet me at Coimbra,  PT

https://mega.co.nz/#!v8032LiI!mWveIY35YmX2lINeE_-db2sme_3xW2mwBRYqFW4ReWQ

[americanpegasus]

Specifically because everyone could witness the movement of those coins.

I know you know this. I know the rest of Monerians know this. But if you're peeping in for the first time, think about it. Because bitcoin has a completely transparent blockchain, and because satoshi sits on a million bitcoins, the simple act of one person deciding to use their money could send an entire ecosystem into a frenzy.... probably a tailspin. If that doesn't tell you the power and importance of an opaque blockchain, I don't know what can.

This x 1,000 
 
I'm actually upset you beat me to it.  No one should ever worry about if spending even a few dollars from their bank account will destroy an economy.... think of how absurd that is.  That's like if Warren Buffet bought a latte at Starbucks and it ignited a US Dollar crash because Warren spent some of his money.  Absolutely absurd. 
 
On an entirely different note, I can't wait until some creates a Monero-compatible full featured online casino.   
 
 
 
I know we already have Monero Dice, which is awesome - but for me personally (and I'm betting many others), we would rather have a 95% payback and pretty lights and graphics in our face vs. the clean and simple dice interface with a 99% payback.  I just blew $60 in the hotel slot machines, and the whole time I kept thinking: I'd rather this be Monero.  I think we're even at a level where we can combine the addictive nature of mobile games WITH gambling if we were smart enough... imagine gaining "levels" that slowly increase your payback from 90% to 99% as you gamble more money with a company.  Little things like that will create fortunes if properly implemented.

[smooth]

If someone want to spend some monero meet me at Coimbra,  PT

https://mega.co.nz/#!v8032LiI!mWveIY35YmX2lINeE_-db2sme_3xW2mwBRYqFW4ReWQ

What is that link and why are you posting it on the Speculation thread?

[americanpegasus]

I think we can make the argument, but I kinda suspect it won't happen. Once Satoshi does that there is no turning back. i don't know, but I suspect he values his anonymity (although that really puts a high price on it).
I'm assuming of course that we can identify his "stash".

I'm pretty sure one of two things will happen:  
  
a.) those coins will never be spent - instead they will be used to back a new currency in the future: e-dollars: each centrally issued e-dollar is backed by one satoshi of bitcoin.  
  
b.) Bitcoin becomes such a clusterfuck of infighting that it becomes an unsustainable network, and meanwhile cryptonote is threatening to eclipse bitcoin - at once we see a dramatic sell off of the Satoshi assets in bitcoin and large buys of Monero from every exchange.  It would be a very expensive statement to make, but it would be a loud one.

[MalMen]

If someone want to spend some monero meet me at Coimbra,  PT

https://mega.co.nz/#!v8032LiI!mWveIY35YmX2lINeE_-db2sme_3xW2mwBRYqFW4ReWQ

What is that link and why are you posting it on the Speculation thread?

I'm sorry, I was in hurry and mega was my fastest way
Here it is the original photo


I think it's speculation related, if you disagree please delete my posts

[smooth]

I'm sorry, I was in hurry and mega was my fastest way
Here it is the original photo

I think it's speculation related, if you disagree please delete my posts

Very nice photo and thanks for sharing. Yes it is relevant. I wasn't particularly suspicious but links to unexplained files are a malware risk, so I wanted to clarify.

[smoothie]

If someone want to spend some monero meet me at Coimbra,  PT

https://mega.co.nz/#!v8032LiI!mWveIY35YmX2lINeE_-db2sme_3xW2mwBRYqFW4ReWQ

What is that link and why are you posting it on the Speculation thread?

I'm sorry, I was in hurry and mega was my fastest way
Here it is the original photo


I think it's speculation related, if you disagree please delete my posts

Where is this photo from?

Farmers market?

Smooth, sorry I quoted the pic. Just figured it was an interesting enough picture to quote for discussion.


edit: What is that small white-ish text directly below the monero logo?

[generalizethis]

edit: What is that small white-ish text directly below the monero logo?

Accepted here 

[MalMen]

What is that link and why are you posting it on the Speculation thread?

I'm sorry, I was in hurry and mega was my fastest way
Here it is the original photo
________

I think it's speculation related, if you disagree please delete my posts

Where is this photo from?

Farmers market?

Smooth, sorry I quoted the pic. Just figured it was an interesting enough picture to quote for discussion.


edit: What is that small white-ish text directly below the monero logo?

Bellow the monero logo it says "accepted here"
It's in Portugal, Coimbra.. It's an open market that happened every first Saturday in month
Leave here my position if anyone want to meet me :p
Alfinete

https://goo.gl/maps/oYrzFi6cY3Q2

[owm123]

Maybe good start is this website which seems to be unbiased and compares different coins in therms of their launch:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

But still this is only one website. More research you must do probably.

So I read a lot about most of the stuff on the website and it was a really interesting read and didn't know how many coins were out there that instamined all of their coins, it's a good thing that a couple of people out there in the world is keeping an eye on these kind of things.

But if I were to want to get more into the unbiased research of Monero in terms of protocol and what each altcoin offers in terms of speed of transaction, privacy, and that kind of thing... where would I go?  I wouldn't even know where to begin to look and at this point in time, I just go off based of what people tell me on this forum.  Has this guy made a post somewhere that answers all these types of questions in a very laid out format like this guy did in the post above?

Thanks, I feel like I'm learning so much in such a short amount of time when it comes to cryptos in general.

Edit: Also, I have heard on some threads on here that Satoshi has roughly 1 Million BTC that he possesses.. does this mean that bitcoin was a fast mined coin or something of that nature?

In terms of technical details, each proper coin should have a white paper which describe its internals in a scientific way.  I'm not aware of any review white paper comparing or summarizing different coins in a scientific manner.

So I guess, you would have to go through the white papers yourself for coins that interest you, try to understand them, and make your own comparisons and draw conclusions.

For example:
A cryptonote white paper (the protocoll monero and boolberrry are using) is here:
https://www.cryptonote.org/whitepaper.pdf
A bitcoin white paper is here: https://bitcoin.org/bitcoin.pdf
Monero specific white papers are here: https://lab.getmonero.org/

Other coins should also have their own white papers.

Hope this helps.

p.s. about satoshi others wrote here. I dont know much about early days of bitcion.

[LucyLovesCrypto]

What is that link and why are you posting it on the Speculation thread?

I'm sorry, I was in hurry and mega was my fastest way
Here it is the original photo
________

I think it's speculation related, if you disagree please delete my posts

Where is this photo from?

Farmers market?

Smooth, sorry I quoted the pic. Just figured it was an interesting enough picture to quote for discussion.


edit: What is that small white-ish text directly below the monero logo?

Bellow the monero logo it says "accepted here"
It's in Portugal, Coimbra.. It's an open market that happened every first Saturday in month
Leave here my position if anyone want to meet me :p
Alfinete

https://goo.gl/maps/oYrzFi6cY3Q2

If I ever go to Coimbra I will be sure to bring some Monero to spend!

Could this farmers market become for Monero what alpaca socks and pizza were for btc?

[chennan]

What is that link and why are you posting it on the Speculation thread?

I'm sorry, I was in hurry and mega was my fastest way
Here it is the original photo
________

I think it's speculation related, if you disagree please delete my posts

Where is this photo from?

Farmers market?

Smooth, sorry I quoted the pic. Just figured it was an interesting enough picture to quote for discussion.


edit: What is that small white-ish text directly below the monero logo?

Bellow the monero logo it says "accepted here"
It's in Portugal, Coimbra.. It's an open market that happened every first Saturday in month
Leave here my position if anyone want to meet me :p
Alfinete

https://goo.gl/maps/oYrzFi6cY3Q2

Just curious, has anyone in that area actually bought something with either bitcoin or, better yet, Monero for that matter?  I would feel like in Portugal it would be a tough sell to try to persuade them to get bitcoin or Monero in the first place for that matter... Or a lot of people have already adopted crytpos around that area?

Very interesting though, I wish there were people who readily accepted crypto currencies like that around here at farmers markets.

[generalizethis]

What is that link and why are you posting it on the Speculation thread?

I'm sorry, I was in hurry and mega was my fastest way
Here it is the original photo
________

I think it's speculation related, if you disagree please delete my posts

Where is this photo from?

Farmers market?

Smooth, sorry I quoted the pic. Just figured it was an interesting enough picture to quote for discussion.


edit: What is that small white-ish text directly below the monero logo?

Bellow the monero logo it says "accepted here"
It's in Portugal, Coimbra.. It's an open market that happened every first Saturday in month
Leave here my position if anyone want to meet me :p
Alfinete

https://goo.gl/maps/oYrzFi6cY3Q2

How much for the Buddha?

[dEBRUYNE]

Maybe good start is this website which seems to be unbiased and compares different coins in therms of their launch:
http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins

But still this is only one website. More research you must do probably.

So I read a lot about most of the stuff on the website and it was a really interesting read and didn't know how many coins were out there that instamined all of their coins, it's a good thing that a couple of people out there in the world is keeping an eye on these kind of things.

But if I were to want to get more into the unbiased research of Monero in terms of protocol and what each altcoin offers in terms of speed of transaction, privacy, and that kind of thing... where would I go?  I wouldn't even know where to begin to look and at this point in time, I just go off based of what people tell me on this forum.  Has this guy made a post somewhere that answers all these types of questions in a very laid out format like this guy did in the post above?

Thanks, I feel like I'm learning so much in such a short amount of time when it comes to cryptos in general.

Edit: Also, I have heard on some threads on here that Satoshi has roughly 1 Million BTC that he possesses.. does this mean that bitcoin was a fast mined coin or something of that nature?

In terms of technical details, each proper coin should have a white paper which describe its internals in a scientific way.  I'm not aware of any review white paper comparing or summarizing different coins in a scientific manner.

So I guess, you would have to go through the white papers yourself for coins that interest you, try to understand them, and make your own comparisons and draw conclusions.

For example:
A cryptonote white paper (the protocoll monero and boolberrry are using) is here:
https://www.cryptonote.org/whitepaper.pdf
A bitcoin white paper is here: https://bitcoin.org/bitcoin.pdf
Monero specific white papers are here: https://lab.getmonero.org/

Other coins should also have their own white papers.

Hope this helps.

p.s. about satoshi others wrote here. I dont know much about early days of bitcion.

In addition, a review of the cryptonote whitepaper by the MRL guys -> https://downloads.getmonero.org/whitepaper_review.pdf