[XMR] Monero Speculation

[GingerAle]

i guess if you know how to price your fee properly and your using updated software, then yes.

[wpalczynski]

i guess if you know how to price your fee properly and your using updated software, then yes.

I didnt know it was that bad.  I though with old software you just have to wait for 30 confirmations when receiving BTC. 

The transfers with min fee are not going through at all?

[GingerAle]

i guess if you know how to price your fee properly and your using updated software, then yes.

I didnt know it was that bad.  I though with old software you just have to wait for 30 confirmations when receiving BTC. 

The transfers with min fee are not going through at all?

there's 2 issues - someone might be doing a "stress test" again

https://www.reddit.com/r/Bitcoin/comments/3cc7gr/please_stop_why_so_many_stress_tests/

https://www.reddit.com/r/Bitcoin/comments/3cb94d/another_stress_test_right_now/

etc.

and the SPV mining screwing up the blockchain. The SPV mining is what the "wait 30 confirmations" is all about - that way your transaction is sure to be secure. Minimum fee transfers are getting borked by these "stress tests"

[GingerAle]

also, 30 confirmations? Thats 5 hours! Is bitcoin eventually going to slow to the crawl of conventional banking?

[wpalczynski]

also, 30 confirmations? Thats 5 hours! Is bitcoin eventually going to slow to the crawl of conventional banking?

That is only if you are running the old software from what I understand.

[kazuki49]

I speculate that a reason that monero isn't enjoying a climb right now is because of the lack of fiat -> xmr exchanges.

This recent bitcoin fork + the blocksize debate + these spamming attacks means that anyone entering the bitcoin system from fiat is not experiencing a fully functioning cryptocurrency. Perhaps they are testing a purchase, seeing it sputter, and then buying litecoin instead... because that blockchain is working right now. Indeed, I'm flummoxed by this rise of bitcoin price while all this crap is going on. Clearly, its new money coming in that doesn't really pay attention to whats happening.

for instance, if I wanted to buy monero right now, I'd have to find a way through litecoin to get to an exchange. The fiat -> bitcoin onramp to cryptocurrency is currently under construction.

Yes, the coins rallying right now are the 1st gen BTC-clones in established exchanges like BTC-e, Monero is being excluded of these markets, I believe fiat exchanges will greatly improve XMR economy health.

Looks like you don't even know the difference between a clone and a fork.

Tenebrix has 5 minute blocks, LTC has 2.5.  Just like XMR halved BCN's block time when it forked.

All I did was point out LTC is no more of a BTC (or Tenebrix, if you are a try-hard pedant) clone than XMR is a BCN clone.

If that's "defending" LTC, well...sorry to interrupt your anti-LTC Two Minutes Hate.

I know it's hard watching LTC moon while XMR slumps, but there's no need to be all bitchy and jelly.

BTW, Tacotime and I were tweaking GPUs to mine LTC years ago.  Where you there too?  PM old handle or GTFO noob!   

I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

[macsga]

I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

I don't think that it has to do with hate, or direct/indirect usability compare of any alt to the other(s). I think it's about maturity. LTC has had its time for quite a long time now. It has fast transactions (compared to BTC), high volume, relatively easier to buy and distribute vs the XMR. OTOH, XMR is superior tech-wise, but that doesn't render LTC useless. Plus the fact that every single exchange out there supports it! So there you have it. Maturity is something we have to wait to happen with XMR. After that happens, it will reach its righteous place.

[TrueCryptonaire]

And when it comes to maturity, one might argue LTC is much more mature than XMR whch it is currently. Even so that there is no need for further development anymore.
However, in the very long run, let's say - after 10 years, the difference between Monero's and LTC*s maturity is insignificiant.
I guess in currency the maturity is considered better than the most new tech (fiat money was improvement to gold standard but still some gold bugs considered gold being better monetary system than much more stable fiat system).

[DaveyJones]

Am i the only one who thinks the rise may have more to do with the Mining Cartels who try to stay with the same long term profit after the LTC halving? Those are the people with a) the money and coins to make such a rise happen and also sit usually in the markets ( chinese ) where most of the things happen. It´s a too sharp rise on LTC IMO for just "new money". New money maybe also be a fuel to the rise as everyone is hoping to get rich quick again but i do not think it is the reason.

[XMRChina]

Am i the only one who thinks the rise may have more to do with the Mining Cartels who try to stay with the same long term profit after the LTC halving? Those are the people with a) the money and coins to make such a rise happen and also sit usually in the markets ( chinese ) where most of the things happen. It´s a too sharp rise on LTC IMO for just "new money". New money maybe also be a fuel to the rise as everyone is hoping to get rich quick again but i do not think it is the reason.

I doubt this because there is no reason to assume any temporary gains from such a pump could be sustained.

It would be easier for big miners to just switch coins from time to time based on profitability than attempt this type of manipulation.

[GingerAle]

Am i the only one who thinks the rise may have more to do with the Mining Cartels who try to stay with the same long term profit after the LTC halving? Those are the people with a) the money and coins to make such a rise happen and also sit usually in the markets ( chinese ) where most of the things happen. It´s a too sharp rise on LTC IMO for just "new money". New money maybe also be a fuel to the rise as everyone is hoping to get rich quick again but i do not think it is the reason.

I doubt this because there is no reason to assume any temporary gains from such a pump could be sustained.

It would be easier for big miners to just switch coins from time to time based on profitability than attempt this type of manipulation.

And if they did, you'd think they'd do it smartly with friggin bots to spread the climb over months instead of days.

[iCEBREAKER]

I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

I don't think that it has to do with hate, or direct/indirect usability compare of any alt to the other(s). I think it's about maturity. LTC has had its time for quite a long time now. It has fast transactions (compared to BTC), high volume, relatively easier to buy and distribute vs the XMR. OTOH, XMR is superior tech-wise, but that doesn't render LTC useless. Plus the fact that every single exchange out there supports it! So there you have it. Maturity is something we have to wait to happen with XMR. After that happens, it will reach its righteous place.

Kazuki49 sounds like a jelly hater with an inferiority complex when he, in contradiction to the market and my 'best hedge' analysis, emphasizes LTC's supposed uselessness, while ignoring the reality that XMR/CN have (at present) even less utility.

You can't usefully compare a one year old baby with a four year old.  The former just cries and poops, while the latter can walk, talk, and use the Amazon Fire stick to stream Simpsons and Gravity Falls (cartoons that old Uncle iCEBREAKER also enjoys).

I've actually bought stuff with LTC.  I've yet to do the same with XMR.  That's partly because of remorse from selling too early/cheap, but still...   

[XMRChina]

I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

I don't think that it has to do with hate, or direct/indirect usability compare of any alt to the other(s). I think it's about maturity. LTC has had its time for quite a long time now. It has fast transactions (compared to BTC), high volume, relatively easier to buy and distribute vs the XMR. OTOH, XMR is superior tech-wise, but that doesn't render LTC useless. Plus the fact that every single exchange out there supports it! So there you have it. Maturity is something we have to wait to happen with XMR. After that happens, it will reach its righteous place.

Kazuki49 sounds like a jelly hater with an inferiority complex when he, in contradiction to the market and my 'best hedge' analysis, emphasizes LTC's supposed uselessness, while ignoring the reality that XMR/CN have (at present) even less utility.

You can't usefully compare a one year old baby with a four year old.  The former just cries and poops, while the latter can walk, talk, and use the Amazon Fire stick to stream Simpsons and Gravity Falls (cartoons that old Uncle iCEBREAKER also enjoys).

I've actually bought stuff with LTC.  I've yet to do the same with XMR.  That's partly because of remorse from selling too early/cheap, but still...   

xmr.to works well to buy things from anyone that takes btc

[iCEBREAKER]

I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

I don't think that it has to do with hate, or direct/indirect usability compare of any alt to the other(s). I think it's about maturity. LTC has had its time for quite a long time now. It has fast transactions (compared to BTC), high volume, relatively easier to buy and distribute vs the XMR. OTOH, XMR is superior tech-wise, but that doesn't render LTC useless. Plus the fact that every single exchange out there supports it! So there you have it. Maturity is something we have to wait to happen with XMR. After that happens, it will reach its righteous place.

Kazuki49 sounds like a jelly hater with an inferiority complex when he, in contradiction to the market and my 'best hedge' analysis, emphasizes LTC's supposed uselessness, while ignoring the reality that XMR/CN have (at present) even less utility.

You can't usefully compare a one year old baby with a four year old.  The former just cries and poops, while the latter can walk, talk, and use the Amazon Fire stick to stream Simpsons and Gravity Falls (cartoons that old Uncle iCEBREAKER also enjoys).

I've actually bought stuff with LTC.  I've yet to do the same with XMR.  That's partly because of remorse from selling too early/cheap, but still...   

xmr.to works well to buy things from anyone that takes btc

Sure, if I wanted to part with any of my precious XMR.  But I don't.   

[nioc]

Yes but you were using the example that you bought things with ltc and not XMR to illustrate the usefulness of ltc compared to XMR.

[sdmathis]

I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

I don't think that it has to do with hate, or direct/indirect usability compare of any alt to the other(s). I think it's about maturity. LTC has had its time for quite a long time now. It has fast transactions (compared to BTC), high volume, relatively easier to buy and distribute vs the XMR. OTOH, XMR is superior tech-wise, but that doesn't render LTC useless. Plus the fact that every single exchange out there supports it! So there you have it. Maturity is something we have to wait to happen with XMR. After that happens, it will reach its righteous place.

Kazuki49 sounds like a jelly hater with an inferiority complex when he, in contradiction to the market and my 'best hedge' analysis, emphasizes LTC's supposed uselessness, while ignoring the reality that XMR/CN have (at present) even less utility.

You can't usefully compare a one year old baby with a four year old.  The former just cries and poops, while the latter can walk, talk, and use the Amazon Fire stick to stream Simpsons and Gravity Falls (cartoons that old Uncle iCEBREAKER also enjoys).

I've actually bought stuff with LTC.  I've yet to do the same with XMR.  That's partly because of remorse from selling too early/cheap, but still...   

xmr.to works well to buy things from anyone that takes btc

Sure, if I wanted to part with any of my precious XMR.  But I don't.   

If you don't spend it, what use is it? It doesn't matter if it's anonymous. It doesn't matter if it becomes more valuable. All it does is takes up space on your hard drive if you don't use it..

It's supposed to be a currency. Use it as a currency or it will die.

[Anon136]

I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

I don't think that it has to do with hate, or direct/indirect usability compare of any alt to the other(s). I think it's about maturity. LTC has had its time for quite a long time now. It has fast transactions (compared to BTC), high volume, relatively easier to buy and distribute vs the XMR. OTOH, XMR is superior tech-wise, but that doesn't render LTC useless. Plus the fact that every single exchange out there supports it! So there you have it. Maturity is something we have to wait to happen with XMR. After that happens, it will reach its righteous place.

Kazuki49 sounds like a jelly hater with an inferiority complex when he, in contradiction to the market and my 'best hedge' analysis, emphasizes LTC's supposed uselessness, while ignoring the reality that XMR/CN have (at present) even less utility.

You can't usefully compare a one year old baby with a four year old.  The former just cries and poops, while the latter can walk, talk, and use the Amazon Fire stick to stream Simpsons and Gravity Falls (cartoons that old Uncle iCEBREAKER also enjoys).

I've actually bought stuff with LTC.  I've yet to do the same with XMR.  That's partly because of remorse from selling too early/cheap, but still...   

xmr.to works well to buy things from anyone that takes btc

Sure, if I wanted to part with any of my precious XMR.  But I don't.   

If you don't spend it, what use is it? It doesn't matter if it's anonymous. It doesn't matter if it becomes more valuable. All it does is takes up space on your hard drive if you don't use it..

It's supposed to be a currency. Use it as a currency or it will die.

All you have to do in order to prevent it from dying is bid on it. If a sufficient number of people bid a sufficient amount for it at a reasonable price than it will stay alive indefinitely.

[TrueCryptonaire]

To me Monero is currently like a pinball game: I hit buy-button when it is down and I hit the sell-button when the price is up.
This is much fun for me. 

[cAPSLOCK]

To me Monero is currently like a pinball game: I hit buy-button when it is down and I hit the sell-button when the price is up.
This is much fun for me. 

So you're buying?

[sdmathis]

I don't hate LTC, I know stating how useless it is makes me sound like I'm a hater or jelly but I don't care, it was useless compared to BTC at 0.007 and still useless at 0.02. Most cryptonote coins beats LTC any day in my book.

I don't think that it has to do with hate, or direct/indirect usability compare of any alt to the other(s). I think it's about maturity. LTC has had its time for quite a long time now. It has fast transactions (compared to BTC), high volume, relatively easier to buy and distribute vs the XMR. OTOH, XMR is superior tech-wise, but that doesn't render LTC useless. Plus the fact that every single exchange out there supports it! So there you have it. Maturity is something we have to wait to happen with XMR. After that happens, it will reach its righteous place.

Kazuki49 sounds like a jelly hater with an inferiority complex when he, in contradiction to the market and my 'best hedge' analysis, emphasizes LTC's supposed uselessness, while ignoring the reality that XMR/CN have (at present) even less utility.

You can't usefully compare a one year old baby with a four year old.  The former just cries and poops, while the latter can walk, talk, and use the Amazon Fire stick to stream Simpsons and Gravity Falls (cartoons that old Uncle iCEBREAKER also enjoys).

I've actually bought stuff with LTC.  I've yet to do the same with XMR.  That's partly because of remorse from selling too early/cheap, but still...   

xmr.to works well to buy things from anyone that takes btc

Sure, if I wanted to part with any of my precious XMR.  But I don't.   

If you don't spend it, what use is it? It doesn't matter if it's anonymous. It doesn't matter if it becomes more valuable. All it does is takes up space on your hard drive if you don't use it..

It's supposed to be a currency. Use it as a currency or it will die.

All you have to do in order to prevent it from dying is bid on it. If a sufficient number of people bid a sufficient amount for it at a reasonable price than it will stay alive indefinitely.

This is not a pyramid scheme. It's a currency and is meant to be bought, sold, and used. You just can't buy, buy, and buy because eventually the buying will stop.