[XMR] Monero Speculation

[iCEBREAKER]

...

100% PoW is the only way to be safe.

Even PoS+PoW hybrids don't work.  Novacoin (PoS + scrypt) just got hacked.
https://bitcointalk.org/index.php?topic=143221.msg13168415#msg13168415

Can't wait to find out if Dash's PoS + X11 scheme is susceptible to the same technique!  

I am not familiar with the attack on Novacoin. There are various attacks against POS coins that have been discussed at length. The attack I formulated, the Second Pirate Savings and Trust, https://bitcointalk.org/index.php?topic=897488.msg10182752#msg10182752 is based entirely on borrowed stake, which the coin network simply cannot detect. The borrowed stake is generated with the model of the infamous First Pirate Savings and Trust.

With Dash such an attack is actually a lot simpler since there is no need for a bear raid / ponzi. One simply offers to borrow Dash, from those with less than 1000 Dash, and pay a rate somewhat below the net masternode return. The procceds are then used to set up a large number of masternodes all with borrowed stake. The attacker could then for example put up a large amount of Monero as collateral to short Dash while at the same time unleashing the rouge masternode attack on the Dash network. Monero is actually a good choice here because the DASH/XMR rate has been very stable over the last few months and the current development vs lack of updated binaries dynamic in Monero.

Edit: There is simple no way that the Dash network can detect when the Monero developers are going to release version  0.9 of Monero.

Sounds like a great way to celebrate (and leverage) the 0.9 release!


OK, time to start a Masternode pool service.  Deposits <1000 DRK get <Masternode return; >1000 get more.

Another way to get 1000s of DRK for our fun-time games is with a (spoofed) dice service/casino offering competitive rates for its "bankroll."   

Amplify attack by setting a floor on Dash interest rates >Masternode return, so Masternodes are taken offline and moved to Polo lending accounts.

Time attack to coincide with Masternode voting on controversial, arguably wasteful proposals designed to divide the community, such as sponsoring a NASCAR/blimp/athlete/charity/politician, website/forum/logo/wallet redesign, etc. and malicious proposals like "send 100% of block reward to iCEBREAKER" or "burn the instamine coins."

Use Sybil Masternodes to tilt votes in favor of slightly unpopular proposals (and overstate popularity of unalterable ones), in order to alienate maximum number of participants, waste resources, and encourage (perception of) dumping.

If it's truly a DAO, nobody can stop it.   

Oh wait, Evan and Otoh control 99% of Masternodes thanks to the instamine and pump/dump market manipulations.

TIL "distributed" and "autonomous" means 'totally controlled by two people.'

Nevermind.   

[primer-]

VItalik's response to your shitpost on reddit :
https://www.reddit.com/r/tech/comments/3wgcrz/the_ethereum_computer_securing_your_identity_and/cxwubpw

[smooth]

The attack I formulated, the Second Pirate Savings and Trust, https://bitcointalk.org/index.php?topic=897488.msg10182752#msg10182752 is based entirely on borrowed stake, which the coin network simply cannot detect. The borrowed stake is generated with the model of the infamous First Pirate Savings and Trust.

Very much so. Quoting Nick Szabo:

Similarly, small-game/large-game problems often arise when software or security architects focus on an economics methodology, focusing on the interactions occurring within the defined architecture and failing to properly take into account (often because it is prohibitively difficult to do so) the wide variety of possible acts occurring outside the system and the resulting changes, often radical, to incentives within the system. For example, the incentive compatibility of certain interactions within an architecture can quickly disappear or reverse when opposite trades can be made outside the system (such as hedging or even more-than-offsetting a position that by itself would otherwise create a very different incentive within the system), ...

The rest of his post is an interesting read.

[aminorex]

Are they? 0.43 USD currently, there were a lot of opportunities to buy below.

For perspective, I think the low was 0.215 USD in January, since when XMRUSD is up ~100%, while XBTUSD is up ~165%.

[XMRpromotions]

Are they? 0.43 USD currently, there were a lot of opportunities to buy below.

For perspective, I think the low was 0.215 USD in January, since when XMRUSD is up ~100%, while XBTUSD is up ~165%.

Most people here still buy alts with BTC so I continue to feel that BTC pricing is more appropriate than any fiat currency for measure gains and losses.

If people were primarily using fiat to buy alt coins then my opinion would be different.

[Conqueror]

this coin is not bad, but to big to move.
I suggest to liquidate and invest on ANC.
Why? Because it is not big yet. It is the opposite, small and very low profile.
Yet rare and with excellent developers.

Just be realistic.

[LucyLovesCrypto]

this coin is not bad, but to big to move.
I suggest to liquidate and invest on ANC.
Why? Because it is not big yet. It is the opposite, small and very low profile.
Yet rare and with excellent developers.

Just be realistic.

How can you come here and say be realistic? Look at this quote from one of ANC your devs:

Also, and most importantly, GroundRod our Chief Developer is no more, in fact he may be actually dead... but because he is anonymous we cannot be sure although it is 4 months he disapeared.
 
So we are looking for a skilled C++ coder to review the GroundRod code and finally release this awesome work!

Until and unless we find this new C++ coder we will not release. It would be a shame considering the amount of work GroundRod put in this new codebase (updated to bitcoin 10.99).

Pass the word around!

CS

Monero has many developers and does not rely on 1 person with C++ skills

[Conqueror]

this coin is not bad, but to big to move.
I suggest to liquidate and invest on ANC.
Why? Because it is not big yet. It is the opposite, small and very low profile.
Yet rare and with excellent developers.

Just be realistic.

How can you come here and say be realistic? Look at this quote from one of ANC your devs:

Also, and most importantly, GroundRod our Chief Developer is no more, in fact he may be actually dead... but because he is anonymous we cannot be sure although it is 4 months he disapeared.
 
So we are looking for a skilled C++ coder to review the GroundRod code and finally release this awesome work!

Until and unless we find this new C++ coder we will not release. It would be a shame considering the amount of work GroundRod put in this new codebase (updated to bitcoin 10.99).

Pass the word around!

CS

Monero has many developers and does not rely on 1 person with C++ skills

That is the problem, to many devs, to many investors. To big market cap.
No move.

ANC is risky but potencial for grow is 100x bigger.
Besides you are tearing words from context. The dev is needed only to finish almost ready transition to new wallet.
You forgot to mention i2p devs actually launching first fiat/crypto i2p exchange and most importantly the devs working on rsa ufos system.

Thanks got it is not ready yet! That creates interesting investment opportunity.
But yes, buy Monero, Ethereum or other oversized and collapsing system - just do it. Please!

[nioc]

But yes, buy Monero - just do it. Please!

Thank you for the advice

My bids just missed getting filled.  Damn bots

[farfiman]

this coin is not bad, but to big to move.
..snip

This is the only part that could be considered OT

the rest is spam.

[Hueristic]

...

ANC is risky but potencial for grow is 100x bigger...

Your posts are nothing more than shilling a shitcoin in another coins thread.

[smoothie]

this coin is not bad, but to big to move.
I suggest to liquidate and invest on ANC.
Why? Because it is not big yet. It is the opposite, small and very low profile.
Yet rare and with excellent developers.

Just be realistic.

How can you come here and say be realistic? Look at this quote from one of ANC your devs:

Also, and most importantly, GroundRod our Chief Developer is no more, in fact he may be actually dead... but because he is anonymous we cannot be sure although it is 4 months he disapeared.
 
So we are looking for a skilled C++ coder to review the GroundRod code and finally release this awesome work!

Until and unless we find this new C++ coder we will not release. It would be a shame considering the amount of work GroundRod put in this new codebase (updated to bitcoin 10.99).

Pass the word around!

CS

Monero has many developers and does not rely on 1 person with C++ skills

That is the problem, to many devs, to many investors. To big market cap.
No move.

ANC is risky but potencial for grow is 100x bigger.
Besides you are tearing words from context. The dev is needed only to finish almost ready transition to new wallet.
You forgot to mention i2p devs actually launching first fiat/crypto i2p exchange and most importantly the devs working on rsa ufos system.

Thanks got it is not ready yet! That creates interesting investment opportunity.
But yes, buy Monero, Ethereum or other oversized and collapsing system - just do it. Please!

Too many devs?

Now that is a new way of looking at things.

So in essence less is more?

Kinda like the price of monero?

Less price = more monero

[bitebits]

Are they? 0.43 USD currently, there were a lot of opportunities to buy below.

For perspective, I think the low was 0.215 USD in January, since when XMRUSD is up ~100%, while XBTUSD is up ~165%.

Most people here still buy alts with BTC so I continue to feel that BTC pricing is more appropriate than any fiat currency for measure gains and losses.

If people were primarily using fiat to buy alt coins then my opinion would be different.

I think this depends on the kind of investor in Monero:

- If you bought BTC with fiat just so you could buy a stake in Monero, you should look at Monero's price in fiat.
- If you were speculating that Monero would rise in price relatively to Bitcoin, then indeed you are currently at a loss.

[smooth]

Too many devs?

Apparently >0 is too many. Not enough upside.

[chennan]

Are they? 0.43 USD currently, there were a lot of opportunities to buy below.

For perspective, I think the low was 0.215 USD in January, since when XMRUSD is up ~100%, while XBTUSD is up ~165%.

Most people here still buy alts with BTC so I continue to feel that BTC pricing is more appropriate than any fiat currency for measure gains and losses.

If people were primarily using fiat to buy alt coins then my opinion would be different.

I think this depends on the kind of investor in Monero:

- If you bought BTC with fiat just so you could buy a stake in Monero, you should look at Monero's price in fiat.
- If you were speculating that Monero would rise in price relatively to Bitcoin, then indeed you are currently at a loss.

Yeah, that's how I feel... when I get extra funds in terms of fiat, I usually just put what I can into a little bit of bitcoin and then automatically shapeshift it to XMR to hold in my wallet.  So in that case, I always tend to view monero more in terms of fiat than anything and don't really feel that bad when I see the Bitcoin/XMR price go so low.  It's just all a matter of perspective to me.

[e-coinomist]

Lucy, ack! "rsa ufos" my ass. ANC is scammy like that, always has been. Devs always vanishing after the fact. Again, and again.
BTW made good revenue on Cryptsy on some of those "ufo sightings". Would never touch Cryptsy nor ANC ever again. Zerotrust applies.
Ask TheKoziTwo for some more information.

[nioc]

Buy support on Polo has quickly doubled from 40 to 80btc followed by some buying of the asks including an approximately 10k chunk a couple of hours ago. 

I had been patiently bidding/buying the past week and with the remaining 20% of btc that was earmarked I bought from the asks as things started to move.  There has been some short bursts of buying lately followed by calming down.  This feels a bit different but then again how could I know. 

I also have a feeling that "soon" may be this week.  This is based on an estimation of mine from a bit over a month ago.  I have had no info about progress since then.  Let's see if my guess is lucky

Thanks again for you indulgence

[owm123]

I also have a feeling that "soon" may be this week.  This is based on an estimation of mine from a bit over a month ago.  I have had no info about progress since then.  Let's see if my guess is lucky

"soon" what?

[ArticMine]

...

"soon" what?

The 0.9 release.

[zhalox]

...

"soon" what?

The 0.9 release.

Or possibly, the big green candles...