[XMR] Monero Speculation

[rangedriver]

Just seen the attendance list for this weekend's Satoshi Roundtable.

Good luck fluffypony - aka Riccardo Spagni.

Code:

Confirmed 2016 Participants include (in alphabetical order):

Gabriel Abed, CEO, Bitt
Charles Allen, CEO, BTCS
Gavin Andresen, MIT / Bitcoin Foundation
Brian Armstrong, CEO, Coinbase
Adam Back, President, Blockstream
David Bailey, CEO, yBitcoins
Mike Belshe, CEO, BitGo
Patrick Byrne, CEO, Overstock  / T0
Michael Cao, CEO, zoomhash
Dave Carlson, CEO, Mega Big Power
Daniel Castagnoli, CCO Exodus
Sam Cole, CEO, KNC Miner
Matt Corallo, Core Developer
Luke Dashjr, Core Developer
Anthony Di Iorio, CDO-Toronto Stock Exchange, Founder-Ethereum/Decentral/Kryptokit
Joe Disorbo, CEO, Webgistix
Jason Dorsett, Early Adopter
Evan Duffield, Founder/Lead Scientist, Dash
Andrew “Flip” Filipowski, Partner/ Co-Founder, Tally Capital
Thomas France, Founder, Ledger
Jeff Garzik, Founder, Bloq
Yifo Guo, Tech Developer/ Early Adopter
David Johnston, Chairman, Factom
Samy Kamkar, Super Hacker
Alyse Killeen, Partner,  Venture Capital Investor
Jason King, Founder, Unsung
Mike Komaransky, Cumberland Mining
Peter Kroll, Founder, bitaddress.org
Bobby Lee, CEO, BTC China, Vice-Chairman of the Board, Bitcoin Foundation
Charlie Lee, Director of Engineering, Coinbase/Founder of Litecoin
Eric Lombrozo, Founder, Ciphrex Corp / Developer
Marshall Long, CTO, Final Hash
Matt Luongo, CEO, Fold
Jake Mazelewicz, Ph.D. JMA Associates (guest speaker) Human performance researcher
Halsey Minor, CEO, Uphold / Founder of CNet
Alex Morcos, Hudson Trading/ Core Developer
Neha Narula, MIT, Director of DCI – Digital Currency Initiative
Dawn Newton, Co-Founder, COO, Netki
Justin Newton, Founder  CEO, Netki
Stephen Pair, Co-Founder/CEO, BitPay Inc.
Michael Perklin, President, C4 – CryptoCurrency Certification Consortium / Board Member, Bitcoin Foundation
Alex Petrov, CIO, BitFury
Phil Potter, CSO, Bitfinex
Francis Pouliot, Director, Bitcoin Embassy, Board Member, Bitcoin Foundation
JP Richardson, Chief Technical Officer, Exodus
Jamie Robinson, QuickBt
Jez San, Angel Investor
Marco Santori, Partner, Pillsbury
Scott Scalf, EVP/Head of Tech Team, Alpha Point
Craig Sellars, CTO, Tether
Ryan Shea, Co-Founder, One Name
Greg Simon, CEO & Co-Founder Ribbit! Me / President,  Bitcoin Association
Ryan Singer,  Entreprenuer
Paul Snow, CEO Factom, Texas Bitcoin Conference
Riccardo Spagni, Monero
Nick Spanos, Founder, Bitcoin Center NYC
Elizabeth Stark, Co-Founder & CEO, Lightning
Marco Streng, CEO, Genesis Mining
Nick Sullivan, CEO, ChangeTip
Paul Sztorc, Truthcoin
Michael Terpin, CEO, Transform Group
Peter Todd,  Core Developer
Joseph Vaughn Perling,  New Liberty Dollar
Roger Ver, CEO, Memory Dealers / Bitcoin.com
Aaaron Voisine, CEO, Breadwallet
Zooko Wilcox, CEO, Z Cash
Shawn Wilkinson, Founder, Storj
Micah Winkelspecht, CEO, Gem

[klee]

Come on guys, XMR can do better! 

Right now ETH outperforms XMR (which outperforms BTC, which outperforms USD) by 720% !

[hiddensphinx]

lol who the hell keeps dumping everytime we cross 200,000 sats ?

I am waiting for moon!

[iCEBREAKER]

Just seen the attendance list for this weekend's Satoshi Roundtable.

Good luck fluffypony - aka Riccardo Spagni.

Code:

Confirmed 2016 Participants include (in alphabetical order):

Brian Armstrong, CEO, Coinbase
Evan Duffield, Founder/Lead Scientist, Dash
Marshall Long, CTO, Final Hash

The phrase "wretched hive of scum and villainy" comes to mind.

What if Evan caught something communicable from that stripper in Miami?   

I'd rather our dear pony stay home, drink wine, and code.  Or Netflix, dog, wife, and chill.

[smooth]

Just seen the attendance list for this weekend's Satoshi Roundtable.

Good luck fluffypony - aka Riccardo Spagni.

Code:

Confirmed 2016 Participants include (in alphabetical order):

Brian Armstrong, CEO, Coinbase
Evan Duffield, Founder/Lead Scientist, Dash
Marshall Long, CTO, Final Hash

The phrase "wretched hive of scum and villainy" comes to mind.

What if Evan caught something communicable from that stripper in Miami?  

I'd rather our dear pony stay home, drink wine, and code.  Or Netflix, dog, wife, and chill.

Let's not leave out:

Code:

Confirmed 2016 Participants include (in alphabetical order):

Roger Ver, CEO, Memory Dealers / Bitcoin.com

Disclaimer: Bitcoin.com is not affiliated with any of the above-mentioned businesses

The publication Wired details that investors such as Naval Ravikant and the Digital Currency Group’s Barry Silbert have invested over $700,000 USD into the startup.

Those investors include Naval Ravikant, an investor in Twitter and Uber, Barry Silbert, the founder of startup equity-trading platform SecondMarket, and Roger Ver, a staunch libertarian who’s invested in bitcoin startups Blockchain.info and Bitpay

[iCEBREAKER]

Let's not leave out:

Code:

Confirmed 2016 Participants include (in alphabetical order):

Roger Ver, CEO, Memory Dealers / Bitcoin.com

Disclaimer: Bitcoin.com is not affiliated with any of the above-mentioned businesses

The publication Wired details that investors such as Naval Ravikant and the Digital Currency Group’s Barry Silbert have invested over $700,000 USD into the startup.

Those investors include Naval Ravikant, an investor in Twitter and Uber, Barry Silbert, the founder of startup equity-trading platform SecondMarket, and Roger Ver, a staunch libertarian who’s invested in bitcoin startups Blockchain.info and Bitpay

Bitcoin Judas was going to be on the list, but I excluded him due to positive past contributions.  There may be hope for Roger if he has a come-to-Satoshi moment.

Strongarm, Daftfield, and Marshmallong have only set us back with their wretched scumminess and villainy.

[dEBRUYNE]

XMR is the best anon currently available! Buying a ton of it a little birdy told me she's pumping next month. Think it'll get to 1000 BTC per XMR.

Apparently you are setting boundaries to the upside. Please bear in the mind the community is not selling in the need of money but helping the people outside of M8nero community to get at least a tiny share of the digital gold.

If XMR hit USD 400000 each I can assure you I will be a seller.

Think of all the coins that would be lost forever when their owners overdose on coke. Self-reinforcing scarcity.

Or those who lost them in a boat accident! Which could coincide with coke & hookers.

because the webwallet can be monitored (probably) by the hosts and therefore frozen in case of emergency like some kind of governement interference.

MyMonero coins can't be frozen because if MyMonero refuses to let you use them (or shuts down), you can import your private keys (via the seed) to another wallet.

Coins that are deposited on a centralized exchange can be frozen.

Any chance to have this functionality in the GUI?  It would make things ultra easy.

There is some issue with merging the MyMonero seed import code that I don't understand, but code exists on github, available to be used in an emergency.

However, a readily available workaround is to create a wallet with simplewallet first, then use the same seed on MyMonero. At that point you have a wallet that can directly accessed with both methods (MyMonero for convenience, simplewallet or another wallet if necessary). I'm sure this method will work with the GUI as well.

I think the offline paper wallet generator (URL?) can also be used to create a fully portable wallet.

URL here:

https://moneroaddress.org/

Which is simply a port of:

https://github.com/moneromooo-monero/monero-wallet-generator

Finally, the seed is compatible with both MyMonero and simplewallet.


Speculation wise, we double topped at the local high of ~210k. Therefore, a retrace was expected and happened (someone dumped 30k). It is likely though that we make another run for it, because it isn't such a strong resistance point. Furthermore, I think the wall guy splitted up his 100k and put them in the asks at various places for now.

[tifozi]

Just seen the attendance list for this weekend's Satoshi Roundtable.

Good luck fluffypony - aka Riccardo Spagni.

Code:

Confirmed 2016 Participants include (in alphabetical order):

Brian Armstrong, CEO, Coinbase
Evan Duffield, Founder/Lead Scientist, Dash
Marshall Long, CTO, Final Hash

The phrase "wretched hive of scum and villainy" comes to mind.

What if Evan caught something communicable from that stripper in Miami?  

I'd rather our dear pony stay home, drink wine, and code.  Or Netflix, dog, wife, and chill.

Let's not leave out:

Code:

Confirmed 2016 Participants include (in alphabetical order):

Roger Ver, CEO, Memory Dealers / Bitcoin.com

Disclaimer: Bitcoin.com is not affiliated with any of the above-mentioned businesses

The publication Wired details that investors such as Naval Ravikant and the Digital Currency Group’s Barry Silbert have invested over $700,000 USD into the startup.

Those investors include Naval Ravikant, an investor in Twitter and Uber, Barry Silbert, the founder of startup equity-trading platform SecondMarket, and Roger Ver, a staunch libertarian who’s invested in bitcoin startups Blockchain.info and Bitpay

Why forget ? 

Code:

Zooko Wilcox, CEO, Z Cash

[TrueCryptonaire]

XMR is the best anon currently available! Buying a ton of it a little birdy told me she's pumping next month. Think it'll get to 1000 BTC per XMR.

Apparently you are setting boundaries to the upside. Please bear in the mind the community is not selling in the need of money but helping the people outside of M8nero community to get at least a tiny share of the digital gold.

If XMR hit USD 400000 each I can assure you I will be a seller.

You are selling too early then - especially if you are planning to exit completely at 400 000 usd.

[meme magic]

XMR is the best anon currently available! Buying a ton of it a little birdy told me she's pumping next month. Think it'll get to 1000 BTC per XMR.

Apparently you are setting boundaries to the upside. Please bear in the mind the community is not selling in the need of money but helping the people outside of M8nero community to get at least a tiny share of the digital gold.

If XMR hit USD 400000 each I can assure you I will be a seller.

You are selling too early then - especially if you are planning to exit completely at 400 000 usd.

i would be totally comfortable knowing i sold too early at that point.

i could easily run more than seven failing presidential campaigns from my own pocket and still manage OD on coke

by the seventh failure id be at retirement age, so naturally id collect social security or something.

[aminorex]

Rootstock. CoinJoin. Being a Bitcoin Maximalist takes some stretching.

Rootstock actually seems like Ethereum Done Right to me.  The extra protocol is not an impediment for smart contracts, in my view.  The one caveat in my mind is whether Lukejr decides to destroy it with a merge-mining attack. Merge-mining is...I don't even...

Usability factors are prominent for currency fungibility, however.  Coinjoin is just buckets of fail.  You have to be very motivated, but then why would you expose yourself like that?

[birr]

URL here:

https://moneroaddress.org/

Which is simply a port of:

https://github.com/moneromooo-monero/monero-wallet-generator

Finally, the seed is compatible with both MyMonero and simplewallet.
 

mymonero.com generates a 13 word seed, but moneroaddress.org uses 25 words.

In order to generate a wallet that's compatible with both, you have to start by generating a 25 word wallet at moneroaddress.org.  Then, you go to mymonero.com and enter the 25 word seed (mymonero.com will accept 25 word seeds, though it doesn't generate them).
When mymonero brings up the wallet, it will show the balance but no transactions, and you will have two choices:
Import transactions
Pay a small fee to import all the previous transactions for this account (you can always find this later in Account > Import Wallet)
Don't import transactions
You can send and receive coins from your account, but you won't be able to see or spend any transactions you have received before now

My question:  
Let's say you choose Don't import transactions, because it's a brand new wallet you just created, and there are no transactions yet to import.
You log out of mymonero.com.  You start sending moneroj to the address.
When you next log in to mymonero.com, does it show the transactions?

[dEBRUYNE]

URL here:

https://moneroaddress.org/

Which is simply a port of:

https://github.com/moneromooo-monero/monero-wallet-generator

Finally, the seed is compatible with both MyMonero and simplewallet.
 

mymonero.com generates a 13 word seed, but moneroaddress.org uses 25 words.

In order to generate a wallet that's compatible with both, you have to start by generating a 25 word wallet at moneroaddress.org.  Then, you go to mymonero.com and enter the 25 word seed (mymonero.com will accept 25 word seeds, though it doesn't generate them).
When mymonero brings up the wallet, it will show the balance but no transactions, and you will have two choices:
Import transactions
Pay a small fee to import all the previous transactions for this account (you can always find this later in Account > Import Wallet)
Don't import transactions
You can send and receive coins from your account, but you won't be able to see or spend any transactions you have received before now

My question:  
Let's say you choose not to import transactions, because it's a brand new wallet you just created, and there are no transactions yet to import.
You log out of mymonero.com.  You start sending moneroj to the address.
When you next log in to mymonero.com, does it show the transactions?

That should work, see smooth's comment:

because the webwallet can be monitored (probably) by the hosts and therefore frozen in case of emergency like some kind of governement interference.

MyMonero coins can't be frozen because if MyMonero refuses to let you use them (or shuts down), you can import your private keys (via the seed) to another wallet.

Coins that are deposited on a centralized exchange can be frozen.

Any chance to have this functionality in the GUI?  It would make things ultra easy.

There is some issue with merging the MyMonero seed import code that I don't understand, but code exists on github, available to be used in an emergency.

However, a readily available workaround is to create a wallet with simplewallet first, then use the same seed on MyMonero. At that point you have a wallet that can directly accessed with both methods (MyMonero for convenience, simplewallet or another wallet if necessary). I'm sure this method will work with the GUI as well.

I think the offline paper wallet generator (URL?) can also be used to create a fully portable wallet.

However, if you are going to use a paper wallet for storage I don't recommend importing the seed in MyMonero too.

[dEBRUYNE]

Crosspost from reddit:

"We now accept Monero at GoBelle.me and ProductMonth.com"

Hi. This is just to let you know that we think highly of this cryptocurrency and for this reason we've implemented it for both https://productmonth.com and http://gobelle.me; we will also support it for implementation on the CoinPayments payment processor with the maximum of ten votes for each store that we have. We are building now a more complex platform that will accept cryptocurrencies and hopefully until it's done we can find a solution to implement automatic Monero payments without paying too much for a dedicated plugin. We're looking into it! Have a nice day

https://www.reddit.com/r/Monero/comments/47j55o/we_now_accept_monero_at_gobelleme_and/

[birr]

URL here:

https://moneroaddress.org/

Which is simply a port of:

https://github.com/moneromooo-monero/monero-wallet-generator

Finally, the seed is compatible with both MyMonero and simplewallet.
 

mymonero.com generates a 13 word seed, but moneroaddress.org uses 25 words.

In order to generate a wallet that's compatible with both, you have to start by generating a 25 word wallet at moneroaddress.org.  Then, you go to mymonero.com and enter the 25 word seed (mymonero.com will accept 25 word seeds, though it doesn't generate them).
When mymonero brings up the wallet, it will show the balance but no transactions, and you will have two choices:
Import transactions
Pay a small fee to import all the previous transactions for this account (you can always find this later in Account > Import Wallet)
Don't import transactions
You can send and receive coins from your account, but you won't be able to see or spend any transactions you have received before now

My question:  
Let's say you choose not to import transactions, because it's a brand new wallet you just created, and there are no transactions yet to import.
You log out of mymonero.com.  You start sending moneroj to the address.
When you next log in to mymonero.com, does it show the transactions?

That should work, see smooth's comment:

because the webwallet can be monitored (probably) by the hosts and therefore frozen in case of emergency like some kind of governement interference.

MyMonero coins can't be frozen because if MyMonero refuses to let you use them (or shuts down), you can import your private keys (via the seed) to another wallet.

Coins that are deposited on a centralized exchange can be frozen.

Any chance to have this functionality in the GUI?  It would make things ultra easy.

There is some issue with merging the MyMonero seed import code that I don't understand, but code exists on github, available to be used in an emergency.

However, a readily available workaround is to create a wallet with simplewallet first, then use the same seed on MyMonero. At that point you have a wallet that can directly accessed with both methods (MyMonero for convenience, simplewallet or another wallet if necessary). I'm sure this method will work with the GUI as well.

I think the offline paper wallet generator (URL?) can also be used to create a fully portable wallet.

However, if you are going to use a paper wallet for storage I don't recommend importing the seed in MyMonero too.

Regardless of whether the wallet is generated in simplewallet or moneroaddress.org, one will have to pay a fee to import previous transactions into mymonero.com so that you can spend from the wallet.  I think the fee is 10 xmr.  It makes more sense to create a brand new wallet and open it in mymonero.com before sending any funds to it.  That way you avoid spending 10 xmr.

I have another question.  I only have 32 bit linux.  Can I run simplewallet?

[dEBRUYNE]

I have another question.  I only have 32 bit linux.  Can I run simplewallet?

Yes, there are binaries for 32 bit here:

How come Monero still don't have wallet for windows 32 bit?
(I see you have for version 64 bit).
For example i have windows 7 32 bit and all i can do is to store my Moneros on Bittrex,
Also i have phone and same story. I wont install 64 version especially for Monero. Many think like me.
This is very strong community and good development, try to fix this.
Thanks!

p.s.
Sorry i didn't read one thousand pages to find answers for myself, i don't have much time.
 Don't get me wrong.

https://www.reddit.com/r/Monero/comments/433w2u/new_32bit_binaries_for_v091/

Those should work.

Even though they are unofficial, hyc is trustworthy.

FYI people, hyc is the author of LMDB, which Monero uses -> https://en.wikipedia.org/wiki/Lightning_Memory-Mapped_Database

[americanpegasus]

I look forward to an invitation to the Saberhagen roundtable in a few years.    
 
In the meantime, if anyone sees theymos IRL tell him to split the altcoin boards up in a way that makes more sense.  We need either serious/speculation boards, or perhaps separate boards for the top 10 CoinGecko coins.

[TrueCryptonaire]

XMR is the best anon currently available! Buying a ton of it a little birdy told me she's pumping next month. Think it'll get to 1000 BTC per XMR.

Apparently you are setting boundaries to the upside. Please bear in the mind the community is not selling in the need of money but helping the people outside of M8nero community to get at least a tiny share of the digital gold.

If XMR hit USD 400000 each I can assure you I will be a seller.

You are selling too early then - especially if you are planning to exit completely at 400 000 usd.

i would be totally comfortable knowing i sold too early at that point.

i could easily run more than seven failing presidential campaigns from my own pocket and still manage OD on coke

by the seventh failure id be at retirement age, so naturally id collect social security or something.

When Monero reaches 400 000 usd per coin I might spend fractions of Moneros for payments but perhaps not to sell them. Fiat money I do not need as long as I am able to purchase the stuff I need with Moneros. Therefore do not expect me to dump any serious amounts of coins. Bear in mind, the cost of food today was less than 3 euros so it means I would overspend if I pay 0.00001 XMR for my daily consumption. And the merchant might hold the Moneros at that point which creates higher value for Monero.

[Koamder]

When Monero reaches 400 000 usd per coin I might spend fractions of Moneros for payments but perhaps not to sell them. Fiat money I do not need as long as I am able to purchase the stuff I need with Moneros. Therefore do not expect me to dump any serious amounts of coins. Bear in mind, the cost of food today was less than 3 euros so it means I would overspend if I pay 0.00001 XMR for my daily consumption. And the merchant might hold the Moneros at that point which creates higher value for Monero.

I believe it will take 50 years to reach that price if the Monero does not die in the mean time. It need more development.

[americanpegasus]

I believe it will take 50 years to reach that price if the Monero does not die in the mean time. It need more development.

IMHO, each Monero will likely be valued at the equivalent of today's 400,000 USD by the year 2032 - a little over 16 years.  This assumes that quantum computing is not freely available and doesn't decimate all forms of encryption, and that we aren't able to change/maintain the currency to protect it.  
  
Can you wait 16 years to be a billionaire?