[XMR] Monero Speculation

[dEBRUYNE]

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?

There is no specific ETA. However, there is someone actively working on the GUI, see:

https://forum.getmonero.org/8/funding-required/2476/the-official-qt-gui-project

His work and the activity can be followed on:

https://github.com/mbg033?tab=activity

https://github.com/mbg033/monero-core

https://github.com/mbg033/bitmonero

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[griffen1102]

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?

There is no specific ETA. However, there is someone actively working on the GUI, see:

Does anyone know the person making it? I mean he did get 14k XMR and for that we can at least get a rough deadline. From my experience (chemistry world) almost nothing gets done until a deadline gets slapped on a project. We chemist like to procrastinate and I think that's just human nature.

[griffen1102]

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.

Would it be easier to fork monero and implement a clear blockchain on top of the private one and have optional anonymous transactions, or would it be easier to fork ethereum and add an anonymous layer to that?

[aminorex]

This is soooo off-topic, but ETH is not in fact Turing complete (as though that were a feature, which it ain't):  It does not come with an infinite stack.  If it did it would be worth cost one heck of a lot more than a B-spot.

The marketing use destroys the meaning.  An early incarnation of Buterin explains the reality for you:  http://www.nbc.com/saturday-night-live/video/shimmer-floor-wax/n8625

[aminorex]

How hard can it be to slap complete anonymity & untraceability underneath a Turing complete-decentralized computing resource?.

It's actually incredibly easy.  Thing is, after you've done it, the result is probably neither.

[dEBRUYNE]

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?

There is no specific ETA. However, there is someone actively working on the GUI, see:

Does anyone know the person making it? I mean he did get 14k XMR and for that we can at least get a rough deadline. From my experience (chemistry world) almost nothing gets done until a deadline gets slapped on a project. We chemist like to procrastinate and I think that's just human nature.

From the first link you could've read that othe and fluffypony are supervising and assisting if necessary. Thus, they probably have an answer to your question. Furthermore, the "contract" specifies that he would work a certain amount of hours per week until it is done (which will double once his other project is finished). Keep in mind this is a part-time developer who probably cannot spend any more hours than the hours that were specified.

Also, the 14k wasn't merely meant for the GUI. It is highly likely that he won't need all those 270 hours to finish the GUI and if so, the remaining hours will be used to work on other features.

[vuduchyld]

ArcticMine, smooth, AmericanPegasus, tifozi...thank you for the analysis!  Lots of great stuff I didn't know.

[aminorex]

Bad news.  Hash rate dropping for a while.  Expect miner dumping to depress price.  We need about 1k 290s, stat.

[dEBRUYNE]

Bad news.  Hash rate dropping for a while.  Expect miner dumping to depress price.  We need about 1k 290s, stat.

You merely looked at the wrong time, our hash rate is kind of cyclical, see:

http://monero.net/xmr_network.html

(scroll down a bit)

[meme magic]

Bad news.  Hash rate dropping for a while.  Expect miner dumping to depress price.  We need about 1k 290s, stat.

5 coming up!

[bitjedi]

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.

I've been saying this should exist all along.  I think I was the first to propose it back in Feb 2014 and my reddit link was quoted in this interesting article on the topic: https://www.cryptocoinsnews.com/ether-fuel-ethereum-project-can-now-pre-ordered/.  In 2015, Vitalik had this  (https://www.reddit.com/r/ethereum/comments/2bhuj1/how_can_an_altethereum_be_forked_right_back_into/) to say about forks of ether.  It only really applies to the functionality, not the premine and it only is valid if the ether scripting can really be turing complete which it's currently not.  

[aminorex]

Bad news.  Hash rate dropping for a while.  Expect miner dumping to depress price.  We need about 1k 290s, stat.

You merely looked at the wrong time, our hash rate is kind of cyclical, see:

http://monero.net/xmr_network.html

(scroll down a bit)

Superb resource.  Thank you. If ever I knew of it I had long forgotten.

[saddambitcoin]

Does anyone know the person making it? I mean he did get 14k XMR and for that we can at least get a rough deadline. From my experience (chemistry world) almost nothing gets done until a deadline gets slapped on a project. We chemist like to procrastinate and I think that's just human nature.

He didn't get the XMR yet, the forum funding system pays out when the project is completed. I think that's motivation enough not to procrastinate. Besides, if you check the git repo you can see for yourself commits are being made regularly.

Source: https://forum.getmonero.org/9/work-in-progress/2476/the-official-qt-gui-project

280 hours of work...Ilya will work 10 hours per week at the beginning, expanding into more hours per week later when some other project is finished.

Estimated 280 hours / 10 hours per week = 28 weeks (7 months)

Work began in February, so we can reasonably assume the project will be finished at the latest by September. However, accounting for the situation in bold above, it seems the project should be finished sooner.

Are you happy now?

[griffen1102]

Does anyone know the person making it? I mean he did get 14k XMR and for that we can at least get a rough deadline. From my experience (chemistry world) almost nothing gets done until a deadline gets slapped on a project. We chemist like to procrastinate and I think that's just human nature.

He didn't get the XMR yet, the forum funding system pays out when the project is completed. I think that's motivation enough not to procrastinate. Besides, if you check the git repo you can see for yourself commits are being made regularly.

Source: https://forum.getmonero.org/9/work-in-progress/2476/the-official-qt-gui-project

280 hours of work...Ilya will work 10 hours per week at the beginning, expanding into more hours per week later when some other project is finished.

Estimated 280 hours / 10 hours per week = 28 weeks (7 months)

Work began in February, so we can reasonably assume the project will be finished at the latest by September. However, accounting for the situation in bold above, it seems the project should be finished sooner.

Are you happy now?

just peachy

[saddambitcoin]

Does anyone know the person making it? I mean he did get 14k XMR and for that we can at least get a rough deadline. From my experience (chemistry world) almost nothing gets done until a deadline gets slapped on a project. We chemist like to procrastinate and I think that's just human nature.

He didn't get the XMR yet, the forum funding system pays out when the project is completed. I think that's motivation enough not to procrastinate. Besides, if you check the git repo you can see for yourself commits are being made regularly.

Source: https://forum.getmonero.org/9/work-in-progress/2476/the-official-qt-gui-project

280 hours of work...Ilya will work 10 hours per week at the beginning, expanding into more hours per week later when some other project is finished.

Estimated 280 hours / 10 hours per week = 28 weeks (7 months)

Work began in February, so we can reasonably assume the project will be finished at the latest by September. However, accounting for the situation in bold above, it seems the project should be finished sooner.

Are you happy now?

just peachy

Ok

Sorry if my attitude was unwarranted but I feel that the devs do work hard and I may have conflated your question with another person on reddit that said something like "the devs aren't working hard enough".

[griffen1102]

Does anyone know the person making it? I mean he did get 14k XMR and for that we can at least get a rough deadline. From my experience (chemistry world) almost nothing gets done until a deadline gets slapped on a project. We chemist like to procrastinate and I think that's just human nature.

He didn't get the XMR yet, the forum funding system pays out when the project is completed. I think that's motivation enough not to procrastinate. Besides, if you check the git repo you can see for yourself commits are being made regularly.

Source: https://forum.getmonero.org/9/work-in-progress/2476/the-official-qt-gui-project

280 hours of work...Ilya will work 10 hours per week at the beginning, expanding into more hours per week later when some other project is finished.

Estimated 280 hours / 10 hours per week = 28 weeks (7 months)

Work began in February, so we can reasonably assume the project will be finished at the latest by September. However, accounting for the situation in bold above, it seems the project should be finished sooner.

Are you happy now?

just peachy

Ok

Sorry if my attitude was unwarranted but I feel that the devs do work hard and I may have conflated your question with another person on reddit that said something like "the devs aren't working hard enough".

No worries! I see what you mean from the MAAM on reddit haha. No I love the Monero devs and would never hound them like that I was just looking for the rough deadline. I was also under the impression that he already had access to the 14k XMR. It seems as though the GUI can't arrive fast enough!

[TrueCryptonaire]

To be honest, if there are people postponing their joining in our party to the release I am afraid there will be severe shortages of  Monero so some high sells might be bought into. I would wish Monero stabilizes to around 10 usd before GUI and then starts an enourmous rally.

[dEBRUYNE]

"Gold, Bitcoin And Economic Freedom" - Monero mentioned:

http://seekingalpha.com/article/3958137-gold-bitcoin-economic-freedom

[ArticMine]

"Gold, Bitcoin And Economic Freedom" - Monero mentioned:

http://seekingalpha.com/article/3958137-gold-bitcoin-economic-freedom

Given the topic of the article what I find interesting is the scammy business model of getting someone interested in an article and then attempting to "force" them to register midstream in order extract personal information for commercial advantage. This is accomplished by manipulating the html code and like most forms of DRM can be defeated. In this case a fast Edit > Select All does the trick after changing the page number in the url.

The attack on privacy and freedom by the business model of the publisher seems more relevant to me than the content of the article.

Edit: It is not the regulators who have to worry about Monero, it is businesses who use deceit to collect people's personal information and then traffic in it for commercial advantage that have a lot to worry about Monero, starting of course with the publisher of the said article.

[bitebits]

"Gold, Bitcoin And Economic Freedom" - Monero mentioned:

http://seekingalpha.com/article/3958137-gold-bitcoin-economic-freedom

Given the topic of the article what I find interesting is the scammy business model of getting someone interested in an article and then attempting to "force" them to register midstream in order extract personal information for commercial advantage. This is accomplished by manipulating the html code and like most forms of DRM can be defeated. In this case a fast Edit > Select All does the trick after changing the page number in the url.

The attack on privacy and freedom by the business model of the publisher seems more relevant to me than the content of the article.

Edit: It is not the regulators who have to worry about Monero, it is businesses who use deceit to collect people's personal information and then traffic in it for commercial advantage that have a lot to worry about Monero, starting of course with the publisher of the said article.

Thanks for sharing dEBRUYNE! But whoa, that required login is annoying! Can't get it to permanently disappear with the element picker of Ublock Origin either.

Used http://bugmenot.com/view/seekingalpha.com for getting a username and password.