[XMR] Monero Speculation

[Days]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place 

[obit33]

The way I understand, the 0.9 release will be the biggest yet, a lot of work will have been done, albeit under the hood... I think they are now busy libraryzing... more about the development you can find here: https://getmonero.org/design-goals/

best regards

[binaryFate]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place 

The way you ask, you don't deserve answers.
Nobody's here to please you with "your investment".

[smooth]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place 

1. Either you can browse the commit logs from github (both master and development branches) or you can wait for the release announcement.

2. The operator of MoneroDice, fluffypony gets 10% of the winnings on the site, not 10% of "all the Monero there". That's a pretty standard operator fee for dice sites as far as I know. So far it hasn't added up to much.

3. I assume othe winning was fair, but it doesn't really matter if you are considering playing on the site because it is provably fair. You will always get a fair game guaranteed by math if you play. (Investing on the site is riskier; if you don't trust the operator, don't invest.)

4. The "one release a year" includes a massive amount of effort significantly reworking and refining nearly every major portion of the core code. The time it has taken is a function of the scope of the work done. Here is a comparison of the work done since the previous release. 780 commits changing 585 files with work from 8 developers. We do expect more frequent releases going forward.

5. 70K Moneros is about 35K USD currently. A little while back it was half that. If you think that pays for 8 developers working full time for a year (not counting work before the previous release, nor other project overhead), you are living in a fantasy world. Obviously the work is part time and volunteer. If you want it to go faster and have relevant skills you can volunteer, or help fund more development.

[Days]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place 

The way you ask, you don't deserve answers.
Nobody's here to please you with "your investment".

Ok, please tell me how should I ask then? should I beg? or throw my money and hope it works.

[Days]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place  

1. Either you can browse the commit logs from github (both master and development branches) or you can wait for the release announcement.

2. The operator of MoneroDice, fluffypony gets 10% of the winnings on the site, not 10% of "all the Monero there". That's a pretty standard operator fee for dice sites as far as I know. So far it hasn't added up to much.

3. I assume othe winning was fair, but it doesn't really matter if you are considering playing on the site because it is provably fair. You will always get a fair game guaranteed by math if you play. (Investing on the site is riskier; if you don't trust the operator, don't invest.)

4. The "one release a year" includes a massive amount of effort significantly reworking and refining nearly every major portion of the core code. The time it has taken is a function of the scope of the work done. Here is a comparison of the work done since the previous release. 780 commits changing 585 files with work from 8 developers. We do expect more frequent releases going forward.

5. 70K Moneros is about 35K USD currently. A little while back it was half that. If you think that pays for 8 developers working full time for a year (not counting work before the previous release, nor other project overhead), you are living in a fantasy world. Obviously the work is part time and volunteer. If you want it to go faster and have relevant skills you can volunteer, or help fund more development.

Thank you for you're kind reply,

1. I didn't understand it so I hoped for a page showing me what's going on like a road map.

4. More releases more investors!

5. Still I would be super motivated as a developer 70k can be one day $10 each?

P.S maybe developers get a more appropriate way of funding projects beside that gambling site it makes it look bad to me.

[smooth]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place 

1. Either you can browse the commit logs from github (both master and development branches) or you can wait for the release announcement.

2. The operator of MoneroDice, fluffypony gets 10% of the winnings on the site, not 10% of "all the Monero there". That's a pretty standard operator fee for dice sites as far as I know. So far it hasn't added up to much.

3. I assume othe winning was fair, but it doesn't really matter if you are considering playing on the site because it is provably fair. You will always get a fair game guaranteed by math if you play. (Investing on the site is riskier; if you don't trust the operator, don't invest.)

4. The "one release a year" includes a massive amount of effort significantly reworking and refining nearly every major portion of the core code. The time it has taken is a function of the scope of the work done. Here is a comparison of the work done since the previous release. 780 commits changing 585 files with work from 8 developers. We do expect more frequent releases going forward.

5. 70K Moneros is about 35K USD currently. A little while back it was half that. If you think that pays for 8 developers working full time for a year (not counting work before the previous release, nor other project overhead), you are living in a fantasy world. Obviously the work is part time and volunteer. If you want it to go faster and have relevant skills you can volunteer, or help fund more development.

Thank you for you're kind reply,

1. I didn't understand it so I hoped for a like a page showing me what's going on like a road map.

4. More releases more investors!

5. Still I would be super motivated as a developer 70k can be one day $10 each?

P.S maybe developers get a more appropriate way of finding projects beside that gambling site it makes it look bad to me.

Your feedback is appreciated.

To clarify, the gambling site has provided no funding at all for development so far, and it isn't even directly associated with the project. It is a business that one of the developers happens to operate (personally) which has promised to donate profits to development if it ever makes any. For now it is irrelevant.

[DaveyJones]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place  

The way you ask, you don't deserve answers.
Nobody's here to please you with "your investment".

Ok, please tell me how should I ask then? should I beg? or throw my money and hope it works.

The best thing is to research everything you can yourself... if you want to make sure you do the right investment there should be no one else to trust. Just Research properly and invest wisely. In the End it is your money not ours...

Edit: obit33 already showed you the "roadmap" ----> https://getmonero.org/design-goals/

[saddambitcoin]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place 

It is only speculation that the rise is because of 0.9. I tend to believe that it is because Monero has been oversold, undervalued, and near historical lows. As with any market movement, there are a myriad of reasons why.

MoneroDice takes a 10% commission out of investment profits which they donate to Monero development. So if you invest in the house and then profit 100 XMR, the site takes 10 XMR when you cash out.

Right now because of Othe's big wins, the site is still not in profit, but has gradually been crawling back. So Monero developers have not earned a single XMR yet. The rolls are provably fair: https://monerodice.net/index.php/member/fair. You can see more detailed stats here: http://monerodice.pd.to/

Development is a community effort with devs putting in work in their spare time, because they believe in the project. 70k XMR is not that much, even if that did go to one dev that's not "huge", in the sense that they can't quit their day job and start working on Monero full time.

Work has been ongoing heavily throughout the year, and anyone can compile the most recent source code from Github (https://github.com/monero-project/bitmonero) to enjoy the benefits of what will be released in 0.9. Mainly, it is a number of changes that makes the daemon usable on every machine, with the LMDB addition (making RAM usage < 100 MB), and more features that strengthen the privacy of Monero such as default mixin.  

Also, don't make your investment decisions based on what people say here. Make your own research and then decide. If you then believe in the potential of XMR, you will know it is in the right place.

[mastica]

What happens to Bitcoin and altcoins if FED raises the interest rate?

If the Fed raise the interest rate, the US dollar will be more valuable. So every other currency will reduce price compared to the dollar.

[dEBRUYNE]

Hey,

So now Monero price is going up because of the long anticipated 0.09 release which took the developers over a year but I still don't get what is in their release? Also checked MoneroDice and like onemorexmr told me it's run by FluffyPony which is a main developer here and he takes 10% of all the Monero there I am guessing to fund the project BUT what about Othe he is a developer yet he won 21835.834259214586 Monero isn't this a bit fishy?  I got these info form this forum page " https://bitcointalk.org/index.php?topic=720940 ". + the donation that Monero get's from it's community is "at least to me"is huge around 70,000 Monero's ! isn't this enough to motivate developers to work faster than a release per year? https://getmonero.org/getting-started/donate/hall-of-fame

Please get that I am not here to put down Monero I am here to make sure my investment is in the right place  

1. Either you can browse the commit logs from github (both master and development branches) or you can wait for the release announcement.

2. The operator of MoneroDice, fluffypony gets 10% of the winnings on the site, not 10% of "all the Monero there". That's a pretty standard operator fee for dice sites as far as I know. So far it hasn't added up to much.

3. I assume othe winning was fair, but it doesn't really matter if you are considering playing on the site because it is provably fair. You will always get a fair game guaranteed by math if you play. (Investing on the site is riskier; if you don't trust the operator, don't invest.)

4. The "one release a year" includes a massive amount of effort significantly reworking and refining nearly every major portion of the core code. The time it has taken is a function of the scope of the work done. Here is a comparison of the work done since the previous release. 780 commits changing 585 files with work from 8 developers. We do expect more frequent releases going forward.

5. 70K Moneros is about 35K USD currently. A little while back it was half that. If you think that pays for 8 developers working full time for a year (not counting work before the previous release, nor other project overhead), you are living in a fantasy world. Obviously the work is part time and volunteer. If you want it to go faster and have relevant skills you can volunteer, or help fund more development.

Thank you for you're kind reply,

1. I didn't understand it so I hoped for a page showing me what's going on like a road map.

4. More releases more investors!

5. Still I would be super motivated as a developer 70k can be one day $10 each?

P.S maybe developers get a more appropriate way of funding projects beside that gambling site it makes it look bad to me.

Where are you getting that 70k number from? If you are summing up the donations of the community hall of fame, these are not only donations to the core team. For example, ArticMine donated 12k XMR to fund MoneroMooo. Also, the link you posted are donations in mBTC, as far as I can see fluffypony received 1,000 mBTC = 1 BTC and the same goes for davidlatapie (he is still on "awaiting decision" as well).

[TrueCryptonaire]

Lowering emission, supposedly some progress also in development (I don't have that much time to follow & contribute the development side while I am playing the pump'n'dump game with XMR).

It is expected that bitcoin will rally in 2016 (looks like it has started the running already). When btc will make new ath, many bitcoiners will have to readjust their diversification and that's the time Monero will appreciate in value towards btc.

[kurious]

I am happy to see 50c

I this was the Wall Observer, I'd put a meme up... 

[smooth]

Where are you getting that 70k number from? If you are summing up the donations of the community hall of fame, these are not only donations to the core team. For example, ArticMine donated 12k XMR to fund MoneroMooo. Also, the link you posted are donations in mBTC, as far as I can see fluffypony received 1,000 mBTC = 1 BTC and the same goes for davidlatapie (he is still on "awaiting decision" as well).

He has a point. Yes, much of it was donations via the forum funding system for MoneroMooo and others, but that still counts as part of the overall progress that has been made in a year. In fact MoneroMooo's work is a huge portion of it (no disrespect intended of the great work by others).

So if you want to consider money spent vs. progress achieved, the 70K XMR total (assuming correct, I haven't checked) is fair, bearing in mind that total is cumulative back to the very beginning, not just since the last release.

[americanpegasus]

I am happy to see 50c

I this was the Wall Observer, I'd put a meme up... 

 
 
This will be the sixth time Monero is finally worth 50 cents - and we've become exceedingly efficient at it.

[kurious]

I am happy to see 50c

I this was the Wall Observer, I'd put a meme up... 

 
 
This will be the sixth time Monero is finally worth 50 cents - and we've become exceedingly efficient at it.

It was looking a little grim for a while, though, AP...

Feels a little like... 'back where it should be'.

Back to the 0.003 - 0.004 BTC range might be better still, but keeping value against USD will do for now.

[dEBRUYNE]

If anyone wants to run Monero over TOR, see:

https://github.com/moneromooo-monero/bitmonero/commit/bf4550578583e85dd18a35afdbb29949b9e12a2a
&
https://github.com/monero-project/bitmonero/pull/541

Looks like warptangent fixed the DNS issue (PR #541) so there should be no issue of leakage or some functions not working now.

[akaman]

I'm a user of Monero and Sia (blockchain-based, decentralized, encrypted cloud storage; currently in beta; see http://sia.tech)

The Siacoin, which is used to pay for storage on the Sia network, is currently traded on Poloniex. Trading is represented only by the BTC:SC currency pair. The current price of a Siacoin is 3-4 satoshis which means the spread is about 25%. The reason for the low price is a very large number of Siacoins in existence (there's a logic to it...) and low demand at present time. With such poor liquidity, there is an entry barrier for new users.

I've asked Poloniex to add the XMR:SC currency pair. This would improve liquidity and lower the barrier to trade Siacoins. FURTHERMORE, which is why I'm posting this here, it would mean XMR holders could directly buy (repeat) decentralized, encrypted storage on the Sia network.

If you agree to this proposition, please let Poloniex know! I doubt they will listen to a single request of this kind, but perhaps with a few more votes they will see the logic in providing XMR:SC trading.

[Hueristic]

... 70K Moneros is about 35K USD currently. A little while back it was half that. If you think that pays for 8 developers working full time for a year (not counting work before the previous release, nor other project overhead), you are living in a fantasy world. Obviously the work is part time and volunteer. If you want it to go faster and have relevant skills you can volunteer, or help fund more development.

This is the first thing that came to my mind!

[owm123]

I'm a user of Monero and Sia (blockchain-based, decentralized, encrypted cloud storage; currently in beta; see http://sia.tech)

The Siacoin, which is used to pay for storage on the Sia network, is currently traded on Poloniex. Trading is represented only by the BTC:SC currency pair. The current price of a Siacoin is 3-4 satoshis which means the spread is about 25%. The reason for the low price is a very large number of Siacoins in existence (there's a logic to it...) and low demand at present time. With such poor liquidity, there is an entry barrier for new users.

I've asked Poloniex to add the XMR:SC currency pair. This would improve liquidity and lower the barrier to trade Siacoins. FURTHERMORE, which is why I'm posting this here, it would mean XMR holders could directly buy (repeat) decentralized, encrypted storage on the Sia network.

If you agree to this proposition, please let Poloniex know! I doubt they will listen to a single request of this kind, but perhaps with a few more votes they will see the logic in providing XMR:SC trading.

I like the idea of decentralized cloud storage. How safe it is to store files there? I mean not from feds or police, but that my files will not disappear when someone decides to switch of their node or few nodes go off line or something.