[XMR] Monero Speculation

[twistelaar]

Any thoughts on ETH guys? Just cant get a grip on this BEAST. thanks

How many BTC would you like to have owned for $14?

1000?  10,000?  100,000?  You are not alone.

If I understand you correct you are stating with the above that ETH is a buy and will head to 100$+ ?

And with the above you are saying that because of ETH more money flows in to crypto world and eventually will flow into XMR.

Did I understood correct?

Thanks!

[1714641340]

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[iCEBREAKER]

Any thoughts on ETH guys? Just cant get a grip on this BEAST. thanks

How many BTC would you like to have owned for $14?

1000?  10,000?  100,000?  You are not alone.

If I understand you correct you are stating with the above that ETH is a buy and will head to 100$+ ?

And with the above you are saying that because of ETH more money flows in to crypto world and eventually will flow into XMR.

Did I understood correct?

You have the obvious half correct, but in order to earn full marks still need to appreciate and embrace the subtleties of the logos, ethos, and pathos.

Keep digging.  Discorporate and return to the source.

[twistelaar]

Any thoughts on ETH guys? Just cant get a grip on this BEAST. thanks

How many BTC would you like to have owned for $14?

1000?  10,000?  100,000?  You are not alone.

If I understand you correct you are stating with the above that ETH is a buy and will head to 100$+ ?

And with the above you are saying that because of ETH more money flows in to crypto world and eventually will flow into XMR.

Did I understood correct?

You have the obvious half correct, but in order to earn full marks still need to appreciate and embrace the subtleties of the logos, ethos, and pathos.

Keep digging.  Discorporate and return to the source.

I understand the Matrix. But still dont know if I have to invest in ETH, could you give advice about this please?  

Thanks!!

[phishead]

Any thoughts on ETH guys? Just cant get a grip on this BEAST. thanks

How many BTC would you like to have owned for $14?

1000?  10,000?  100,000?  You are not alone.

If I understand you correct you are stating with the above that ETH is a buy and will head to 100$+ ?

And with the above you are saying that because of ETH more money flows in to crypto world and eventually will flow into XMR.

Did I understood correct?

You have the obvious half correct, but in order to earn full marks still need to appreciate and embrace the subtleties of the logos, ethos, and pathos.

Keep digging.  Discorporate and return to the source.

I understand the Matrix. But still dont know if I have to invest in ETH, could you give advice about this please?  

Thanks!!

Honestly, I never knew the point of purchasing ETH either... I mean from what it sounds like to me, ETH is more like Tor or i2p... It's a network, not a currency. At least I don't think...

To me it looks like owning a stock in Microsoft Azure...

[iCEBREAKER]

I understand the Matrix. But still dont know if I have to invest in ETH, could you give advice about this please?

Nobody except The Architect (AKA Grandmaster Szaboshi) and The Oracle (Dr. Backamoto) understands The Matrix.

The only ETH I continuously hold are the ones provided by profitable trades.

Actual Advice Animal: Get into ETH, get out when profitable, let the profit ride.

“Do not meddle in the affairs of Wizards, for they are subtle and quick to anger.”
-J.R.R. Tolkien (1892-1973)

[twistelaar]

I understand the Matrix. But still dont know if I have to invest in ETH, could you give advice about this please?

Nobody except The Architect (AKA Grandmaster Szaboshi) and The Oracle (Dr. Backamoto) understands The Matrix.

The only ETH I continuously hold are the ones provided by profitable trades.

Actual Advice Animal: Get into ETH, get out when profitable, let the profit ride.

“Do not meddle in the affairs of Wizards, for they are subtle and quick to anger.”
-J.R.R. Tolkien (1892-1973)

I guess you are talking about Satoshi Nakamoto.. 

Thanks for helping

[bitjedi]

So the price of XMR is now 300k Satoshi, marketcap of 12 million. Stll pretty low, for a coin like XMR. x10 easily from here, but in how many time?

I don't know about 10x, but Dash's market cap is approximately 3x ours... which seems absurd that Dash would be more highly valued.  Our GUI release is speculated within a few months, by which time I would expect this discrepancy to be corrected.  Do not trade on my advice, but I personally am expecting $5 Monero by 3rd quarter of 2016.  That seems reasonable, IMHO.

I think the GUI release is expected within 4 weeks or so as it was already funded by the community.  Or am I misinformed?

[persiancat]

I heard Vitalik has been brushing up on his Chinese. 
 
As a middle aged man, I don't consider myself able to ever be fluent, but do you guys think that if one wishes to be involved in cryptocurrency they should at least learn some basics? (perhaps merely as a sign of respect, should one visit China eventually).  I picked up some Russian basics over the last ten years, and that was difficult enough - the thought of starting from scratch with a new language is daunting, but life is long... and a native English speaker who could also speak Russian and Chinese would be in a lucrative position, regardless of any other abilities.

I found written Chinese to be endlessly fascinating, and spoken Chinese to be endlessly frustrating, due to tones.  I began study in my 40s.

Let me know if you guys need any pointers in Chinese, I'm a Chinese speaker (but I'm not China Chinese).

[bitjedi]

I heard Vitalik has been brushing up on his Chinese. 
 
As a middle aged man, I don't consider myself able to ever be fluent, but do you guys think that if one wishes to be involved in cryptocurrency they should at least learn some basics? (perhaps merely as a sign of respect, should one visit China eventually).  I picked up some Russian basics over the last ten years, and that was difficult enough - the thought of starting from scratch with a new language is daunting, but life is long... and a native English speaker who could also speak Russian and Chinese would be in a lucrative position, regardless of any other abilities.

I found written Chinese to be endlessly fascinating, and spoken Chinese to be endlessly frustrating, due to tones.  I began study in my 40s.

Let me know if you guys need any pointers in Chinese, I'm a Chinese speaker (but I'm not China Chinese).

Persian Chinese?  Impressive!

[GingerAle]

I heard Vitalik has been brushing up on his Chinese.  
  
As a middle aged man, I don't consider myself able to ever be fluent, but do you guys think that if one wishes to be involved in cryptocurrency they should at least learn some basics? (perhaps merely as a sign of respect, should one visit China eventually).  I picked up some Russian basics over the last ten years, and that was difficult enough - the thought of starting from scratch with a new language is daunting, but life is long... and a native English speaker who could also speak Russian and Chinese would be in a lucrative position, regardless of any other abilities.

I found written Chinese to be endlessly fascinating, and spoken Chinese to be endlessly frustrating, due to tones.  I began study in my 40s.

Let me know if you guys need any pointers in Chinese, I'm a Chinese speaker (but I'm not China Chinese).

Well if you want to draft a letter to the chinese cryptocurrency exchanges explaining to them the benefits of Monero and why they should offer Monero, and then help on IRC when the exchange ops inevitably end up needing help setting up monero server side..... that would be great!!

[vuduchyld]

So here is a question: why did BCX choose to fuck with XMR?  I remember it all like it was yesterday, but I'm thinking it must have been at least a year ago.

I'm just not plugged in enough to know if he has done anything similar since, but wouldn't one think that BCX vs. ETH is a real possibility with all the dooshiness afoot?

[ArticMine]

So here is a question: why did BCX choose to fuck with XMR?  I remember it all like it was yesterday, but I'm thinking it must have been at least a year ago.

I'm just not plugged in enough to know if he has done anything similar since, but wouldn't one think that BCX vs. ETH is a real possibility with all the dooshiness afoot?

BCX also went after LTC. https://bitcointalk.org/index.php?topic=96186.msg1060442#msg1060442. Here is some history on LTC https://bitcointalk.org/index.php?topic=47417.0 Now what do LTC and XMR have in common? They are both solid FLOSS projects with no premine. Now what else do LTC and XMR have in common? Well LTC was forked from Tenebrix and XMR was forked from Bytecoin. For that matter what do Tenebrix, Bytecoin and Ethereum have in common?. Premine. Yes I know that Bytecoin supporters claim is that it is a ninjamine rather than a premine but the evidence does indicate premine. http://https://bitcointalk.org/index.php?topic=740112.0

My theory is that if someone forks Ethereum into a clean FLOSS project with no premine there is a good chance BCX would try to go after the fork. As for BCX going after Ethereum itself it just does not fit the pattern.

[dnaleor]

I heard Vitalik has been brushing up on his Chinese.  
  
As a middle aged man, I don't consider myself able to ever be fluent, but do you guys think that if one wishes to be involved in cryptocurrency they should at least learn some basics? (perhaps merely as a sign of respect, should one visit China eventually).  I picked up some Russian basics over the last ten years, and that was difficult enough - the thought of starting from scratch with a new language is daunting, but life is long... and a native English speaker who could also speak Russian and Chinese would be in a lucrative position, regardless of any other abilities.

Ĉiuj moneranoj devus lerni Esperanton. Ĝi estas tre facila! Visitu la retejon duolingo.com

[smooth]

So here is a question: why did BCX choose to fuck with XMR?  I remember it all like it was yesterday, but I'm thinking it must have been at least a year ago.

I'm just not plugged in enough to know if he has done anything similar since, but wouldn't one think that BCX vs. ETH is a real possibility with all the dooshiness afoot?

BCX also went after LTC. https://bitcointalk.org/index.php?topic=96186.msg1060442#msg1060442. Here is some history on LTC https://bitcointalk.org/index.php?topic=47417.0 Now what do LTC and XMR have in common? They are both solid FLOSS projects with no premine. Now what else do LTC and XMR have in common? Well LTC was forked from Tenebrix and XMR was forked from Bytecoin. For that matter what do Tenebrix, Bytecoin and Ethereum have in common?. Premine. Yes I know that Bytecoin supporters claim is that it is a ninjamine rather than a premine but the evidence does indicate premine. http://https://bitcointalk.org/index.php?topic=740112.0

My theory is that if someone forks Ethereum into a clean FLOSS project with no premine there is a good chance BCX would try to go after the fork. As for BCX going after Ethereum itself it just does not fit the pattern.

Interesting theory. Another thing LTC and XMR have in common is quickly eclipsing the original premine coins. This hasn't happened with Ethereum despite there being a few non-premined (I think) forks.

Following the money and asking who has something to gain, a possible answer would be pump groups. Premine coins are easier to pump because the supply is tightly controlled and the mining emissions are reduced. Coins that eclipse a premine coin and draw away community interest destroy a key element of a pump and dump strategy: willing buyers to buy at the top (allowing the pumpers to "dump" their coins).

Hypothesis: BCX is associated with one or more pump groups or hired by them to FUD-attack coins that draw interest away from more readily pumpable premine coins.

[americanpegasus]

Can someone name *any* non-premine programmable blockchain like Ethereum?  At first I thought Expanse, but they apparently had a premine too.  (Like, wtf were you thinking.  You had a chance to really do something good.)  
  
So let's do this, fam:  Take Ethereum, slap some cryptographic rings under it (so it has a private blockchain like ours), and relaunch it with no premine, and we'll call that Pegasus.  One and done, and it will have a marketcap far more elaborate than Ethereum's paltry billion.  
  
How hard can it be to slap complete anonymity & untraceability underneath a Turing complete-decentralized computing resource?  I mean, I suppose I could do it - but I'm really more of an ideas guy.

[tifozi]

So here is a question: why did BCX choose to fuck with XMR?  I remember it all like it was yesterday, but I'm thinking it must have been at least a year ago.

I'm just not plugged in enough to know if he has done anything similar since, but wouldn't one think that BCX vs. ETH is a real possibility with all the dooshiness afoot?

BCX also went after LTC. https://bitcointalk.org/index.php?topic=96186.msg1060442#msg1060442. Here is some history on LTC https://bitcointalk.org/index.php?topic=47417.0 Now what do LTC and XMR have in common? They are both solid FLOSS projects with no premine. Now what else do LTC and XMR have in common? Well LTC was forked from Tenebrix and XMR was forked from Bytecoin. For that matter what do Tenebrix, Bytecoin and Ethereum have in common?. Premine. Yes I know that Bytecoin supporters claim is that it is a ninjamine rather than a premine but the evidence does indicate premine. http://https://bitcointalk.org/index.php?topic=740112.0

My theory is that if someone forks Ethereum into a clean FLOSS project with no premine there is a good chance BCX would try to go after the fork. As for BCX going after Ethereum itself it just does not fit the pattern.

Interesting theory. Another thing LTC and XMR have in common is quickly eclipsing the original premine coins.  This hasn't happened with Ethereum despite there being a few non-premined (I think) forks.

Following the money and asking who has something to gain, a possible answer would be pump groups. Premine coins are easier to pump because the supply is tightly controlled and the mining emissions are reduced. Coins that eclipse a premine coin and draw away community interest destroy a key element of a pump and dump strategy: willing buyers to buy at the top (allowing the pumpers to "dump" their coins).

Hypothesis: BCX is associated with one or more pump groups or hired by them to FUD-attack coins that draw interest away from more readily pumpable premine coins.

That is a brilliant theory @ArticMine and supporting points @smooth.

The key difference with any existing FLOSS fork of Ethereum is that it is going to be wildly incomplete as Ethereum itself is at a nascent stage with active development team and known public figures marketing it out in the open. The development of the platform itself is going to take at least a couple of years before it stabilizes and it isn't going to be very easy for FLOSS projects to just merge upstream code due to stability issues potentially percolating down. And then you need actual apps on top of such a platform to show real usage and meaning. In contrast Tenebrix and Bytecoin were somewhat "complete" coins (not platform) to have a community driven non-premine clone get support from the get go.

It is very disappointing to see notable Bitcoiners support the premine and we are talking some big names here. By this time everyone in the crypto world is well aware of Monero, the big pockets haven't shown that kind of equivalent interest for whatever reasons (they should have).  

The Bytecoin coders and cryptographer could have eventually decided to work with Monero given the community and development around it but we all know that is a tough ask given the animosity that happened over time. I also think they were behind the big attack back in 2014 and not BCX.

[ArticMine]

...

That is a brilliant theory @ArticMine and supporting points @smooth.

The key difference with any existing FLOSS fork of Ethereum is that it is going to be wildly incomplete as Ethereum itself is at a nascent stage with active development team and known public figures marketing it out in the open. The development of the platform itself is going to take at least a couple of years before it stabilizes and it isn't going to be very easy for FLOSS projects to just merge upstream code due to stability issues potentially percolating down. And then you need actual apps on top of such a platform to show real usage and meaning. In contrast Tenebrix and Bytecoin were somewhat "complete" coins (not platform) to have a community driven non-premine clone get support from the get go.

It is very disappointing to see notable Bitcoiners support the premine and we are talking some big names here. By this time everyone in the crypto world is well aware of Monero, the big pockets haven't shown that kind of equivalent interest for whatever reasons (they should have).  

The Bytecoin coders and cryptographer could have eventually decided to work with Monero given the community and development around it but we all know that is a tough ask given the animosity that happened over time. I also think they were behind the big attack back in 2014 and not BCX.

As for incompleteness Bytecoin was and is very much far from complete. For starters the lack of a database. One only has to look at the changes that have taken place in Monero and the changes that are in the pipeline and planned for Monero to see this. As to which coin is more incomplete Bytecoin or Ethereum that is a very interesting question. What can happen with an Ethereum fork is in many ways similar to what has occurred with Monero. It starts as a fork but then there is a strong divergence in the codebase as the fork completes the missing parts.

[tifozi]

...

That is a brilliant theory @ArticMine and supporting points @smooth.

The key difference with any existing FLOSS fork of Ethereum is that it is going to be wildly incomplete as Ethereum itself is at a nascent stage with active development team and known public figures marketing it out in the open. The development of the platform itself is going to take at least a couple of years before it stabilizes and it isn't going to be very easy for FLOSS projects to just merge upstream code due to stability issues potentially percolating down. And then you need actual apps on top of such a platform to show real usage and meaning. In contrast Tenebrix and Bytecoin were somewhat "complete" coins (not platform) to have a community driven non-premine clone get support from the get go.

It is very disappointing to see notable Bitcoiners support the premine and we are talking some big names here. By this time everyone in the crypto world is well aware of Monero, the big pockets haven't shown that kind of equivalent interest for whatever reasons (they should have).  

The Bytecoin coders and cryptographer could have eventually decided to work with Monero given the community and development around it but we all know that is a tough ask given the animosity that happened over time. I also think they were behind the big attack back in 2014 and not BCX.

As for incompleteness Bytecoin was and is very much far from complete. For starters the lack of a database. One only has to look at the changes that have taken place in Monero and the changes that are in the pipeline and planned for Monero to see this. As to which coin is more incomplete Bytecoin or Ethereum that is a very interesting question. What can happen with an Ethereum fork is in many ways similar to what has occurred with Monero. It starts as a fork but then there is a strong divergence in the codebase as the fork completes the missing parts.

It isn't just the DB development in Monero, it has far more changes and as you said plenty more in the pipeline.

Bytecoin = Unknown, surreptitious team and questionable decisions. -> Easier transition to Monero with now a solid crypto team and various developers.
Ethereum = Limelight hogging faces with viral marketing backed by wealthy Bitcoiners (and allegedly financial institutions). Tough ask for FLOSS to replicate.

[americanpegasus]

As for incompleteness Bytecoin was and is very much far from complete. For starters the lack of a database. One only has to look at the changes that have taken place in Monero and the changes that are in the pipeline and planned for Monero to see this. As to which coin is more incomplete Bytecoin or Ethereum that is a very interesting question. What can happen with an Ethereum fork is in many ways similar to what has occurred with Monero. It starts as a fork but then there is a strong divergence in the codebase as the fork completes the missing parts.

Promise me the first you hear about such a fork, you will get in contact with me and tell me about it.  I want to be an early adopter and enthusiast for that shit.  That's the kind of talk that gets me excited.

[ArticMine]

...

It isn't just the DB development in Monero, it has far more changes and as you said plenty more in the pipeline.

Bytecoin = Unknown, surreptitious team and questionable decisions. -> Easier transition to Monero with now a solid crypto team and various developers.
Ethereum = Limelight hogging faces with viral marketing backed by wealthy Bitcoiners (and allegedly financial institutions). Tough ask for FLOSS to replicate.

Time will tell. One big question I see with Ethereum given its market cap and history is FinCEN. I just cannot see this regulator ignoring Ethereum with its premine.