[XMR] Monero Speculation

[pippo]

Monero is too buggy.

Why Monero and not Darkcoin?

[1714888360]

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[0nlyBTC]

Monero is too buggy.

Why Monero and not Darkcoin?

Too buggy? So far my experience with Monero I haven't encountered any bugs.

As for Darkcoin, I asked first: Why Darkcoin?

[fluffypony]

Monero is too buggy.

Why Monero and not Darkcoin?

Awesome - you've found bugs! And here we thought we'd squashed them all:)

Could you list the bugs, or at least let us know your GitHub username so we can see the GitHub issues you've opened?

[GingerAle]

Monero is too buggy doesn't have a GUI.

Why Monero and not Darkcoin?

there I changed it to what you actually meant

There's a lot of words on this topic (darkcoin vs. monero), but the short of it is: darkcoin's anonymity tech is inferior to monero's. Darkcoin relies on masternodes to essentially do coin mixing, whereas monero's anonymity is baked into the protocol. So darkcoin is infrastructure dependent, which ends up causing increased centralization (which decreases the effort to de-privatize the network), whereas monero's privacy is built into the actual code itself. There are no masternodes)

(edited once to make me wink)

(edited twice to take a stab at explaining)

/end derail

[pippo]

Monero is too buggy doesn't have a GUI.

Why Monero and not Darkcoin?

there I changed it to what you actually meant

(edited once to make me wink)

thx this is it

[0nlyBTC]

Monero is too buggy doesn't have a GUI.

Why Monero and not Darkcoin?

there I changed it to what you actually meant

(edited once to make me wink)

thx this is it

Looks like a GUI too me (MyMonero.com). Again, WHY DARKCOIN?

[ArticMine]

The real question in my mind in the Monero vs Darkcoin debate is:

Are Darkcoin masternodes Money Transmitters under FinCEN regulations? This is significant given that a significant number of Darkcoin masternodes are under US jurisdiction.

This is far from clear from reading the FinCEN rulings http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R001.pdf and http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R012.pdf. The situation for Monero is on the other hand clear given the existing rulings involving Bitcoin above, since there is no masternode equivalent in Monero that a regulator can regulate.

[dewdeded]

ArticMine: I dont know.

To give a sport analogy, to me this competion to become the leading privacy coin is like a 10000-metres race with 10 starters.
E.g. one is Monero, one new TBD serious CrytoNote coin, one is ShadowCash, one is DarkCoin, one is AnonCoin, one is ZeroCash, one is a theoretical CN inspired Bitcoin side chain, one is ........

10000 metres because it is a very long race.

It's not a fast 6 rounds box fight: Monero vs. Darkcoin.

[TrueCryptonaire]

I guess XMR is no more technologically as bad as it was some months ago, and the web wallet works nicely.
Currently the only thing that stops the price rise is the relationship between buy-interest and supply of coins <8the supply comes from two sources: the new emission and the second one is some selling from the existing holders - this can be seen from the fact that it is very rare to see days the trading volume is even 30 % more than day's emission. Usually the trading volume in Polo is roughly twice the emission and into this number we need to add something from other exchanges.

[jehst]

ArticMine: I dont know.

To give a sport analogy, to me this competion to become the leading privacy coin is like a 10000-metres race with 10 starters.
E.g. one is Monero, one new TBD serious CrytoNote coin, one is ShadowCash, one is DarkCoin, one is AnonCoin, one is ZeroCash, one is a theoretical CN inspired Bitcoin side chain, one is ........

10000 metres because it is a very long race.

It's not a fast 6 rounds box fight: Monero vs. Darkcoin.

Are release dates when each coin started from the starting line? If so, that's bad news for Shadow Cash

[Blazin604]

ArticMine: I dont know.

To give a sport analogy, to me this competion to become the leading privacy coin is like a 10000-metres race with 10 starters.
E.g. one is Monero, one new TBD serious CrytoNote coin, one is ShadowCash, one is DarkCoin, one is AnonCoin, one is ZeroCash, one is a theoretical CN inspired Bitcoin side chain, one is ........

10000 metres because it is a very long race.

It's not a fast 6 rounds box fight: Monero vs. Darkcoin.

Are release dates when each coin started from the  startling line? If  so, that's bad news for Shadow  Cash

where do you guys see Monero being adopted in the future? what is your vision for this coin?

[jehst]

ArticMine: I dont know.

To give a sport analogy, to me this competion to become the leading privacy coin is like a 10000-metres race with 10 starters.
E.g. one is Monero, one new TBD serious CrytoNote coin, one is ShadowCash, one is DarkCoin, one is AnonCoin, one is ZeroCash, one is a theoretical CN inspired Bitcoin side chain, one is ........

10000 metres because it is a very long race.

It's not a fast 6 rounds box fight: Monero vs. Darkcoin.

Are release dates when each coin started from the  startling line? If  so, that's bad news for Shadow  Cash

where do you guys see Monero being adopted in the future? what is your vision for this coin?

Outside of speculation, the biggest potential use case is offshore/private wealth storage (like a Cayman Islands bank account, but better)

But really, the question is "Where won't monero by adopted?" There are not a ton of situations where you don't want privacy. Fundraising and charity may be areas where an open-by-default ledger such as bitcoin is preferred, but for every other situation, there's monero. (note: Monero transactions are private by default, but can also be revealed voluntarily by the parties). That includes ordinary transactions with a food delivery guy where you don't want him (or your wife) to know how much money is in your wallet. It also includes cross-border movements of millions of dollars worth of funds by corporations who need to avoid corporate espionage. Think about a large mining corporation sending money to Mongolia for the purpose of  resource exploration and land acquisition after the discovery of new prospects. To what lengths would they go to keep those transactions private? To what extent would you trust the secrecy of bank employees in China and Mongolia when you start wiring over money to high-corruption regions? I could sit here and think of a 1000 examples where privacy is highly desirable without ever even mentioning black markets.

Simply put, privacy is worth trillions.

[mmortal03]

this weirdo idea of some experts that bitcoin will be replaced by something better which we should wait for is so brutally flawed that I really wonder what they get their money for.

I see two spaces which will be filled by something other than bitcoin.  The 2.0 smart contracts etc system (counterparty? etherium? nxt?) and privacy.  

Market-pegged crypto assets are another very cool niche as well. I love the idea that I can short the S&P 500 using cryptographically secure collateral in a trustless, low-risk environment. Or hold crypto-rubles or crypto-Chinese yuan. Market-pegged assets are just as interesting a niche as smart contracts. We just have to see which system can do it best.

look - I hold even one of this smart contract tokens in quite a decent amount and had even a few projects more - the nearer to bitcoin the better.
but if you really really break it down you have to ask - why use bitshares as a collateral, when it would be much easier to use btc as a collateral? - if it works they will clone it and use it as a sidechain, same holds true for obvious all other 2.0 projects.

I'd really like to see some cryptocurrency-based fiat peg be accepted. Whether that will end up being BitUSD, NuBits, or something on a sidechain, I don't know, but it should be interesting to watch.

[Bassica]

Is it me (high on hopium), or at the charts looking pretty darn nice right now. I could see a little upswing into the 17 maybe 18's even in the short term.

[hodlmybtc]

Just increased my XMR position a little 

[dreamspark]

there is clearly big preassure now, 0.0018 sounds good to me at least btc is just to cheap
1 guy just bought 40k today, lets see if the wall at 155 dissapears once it gets hot or just moves up.

i think most dont realize that some of these coins will be gone for long long time..

Yeah charts are looking better and buy pressure is building. Lets remember though that inflation is still very high. Just one days mining dumped on the market takes it back below 12.

[smooth]

look - I hold even one of this smart contract tokens in quite a decent amount and had even a few projects more - the nearer to bitcoin the better.
but if you really really break it down you have to ask - why use bitshares as a collateral, when it would be much easier to use btc as a collateral? - if it works they will clone it and use it as a sidechain, same holds true for obvious all other 2.0 projects.

To get there you have to believe that side chains make sense in the first place. The pure side chain seems to rely on merged mining and/or transaction fees as incentive, and there are lot of problems with both.

The model of side chains that makes the most sense to me is a chain that can function as a side chain for btc but also has its own coin to reward mining, not the idea that btc will be the only coin and mining will by rewarded by hopium to borrow a word used on the thread a few posts back. Once you accept this you have to reject the "there can be only one" idea though, which is a lot of what motivate the side chains concept. So I'm not sure the whole thing fits together at all.

If these asset platforms turn out to make sense then one can be added to Monero the way counterparty, mastercoin, or colored coins work on bitcoin. I'm skeptical of all of them, but ultimately Monero has no disadvantage here.

[PolarBear]

there is clearly big preassure now, 0.0018 sounds good to me at least btc is just to cheap
1 guy just bought 40k today, lets see if the wall at 155 dissapears once it gets hot or just moves up.

i think most dont realize that some of these coins will be gone for long long time..

I got my average under .00169 (unexpected) and I'm finished buying for now.  Barring big windfall or price fall, of course
So ya, a floor at .0018 would be nice

+1 I started buying Monero when it was ~.002 but my average is very low now (last buy was yesterday before we reached .0013) 

I started at .002 too.

[dnaleor]

EMA's crossed on the 1d chart

[TrueCryptonaire]

If the price goes up from here, I will dump some coins.

I recommend calming down.
The emission is still pretty high (around 17 k per day).
The big price increase will take place most likely after 6-12 months from now so we have plenty of time to buy coins until that.