[XMR] Monero Speculation

[generalizethis]

I wasn't saying that law enforcement/spying agencies provide child porn.  I was saying that there might be an outcry over monero similar to the hissy fit Chuck Schumer had over bitcoin.  A spark can turn into a wildfire of public outrage, fanned by the powers that be, and for example the NSA might apply its computing power to attacking monero.  I think that scenario is unlikely, but it's possible.  
You're willing to consider all kinds of far-fetched scenarios that another person might call conspiracy theories, Risto.  Don't you think the the scenario I've outlined lies within the realm of possibility?
Looking into the future, events almost never play out the way they think we will.  Sometimes things turn out better, sometimes worse, but often they play out in unexpected ways.

That is what I am slightly worried about.

Once ASIC is needed to mine Bitcoin, Monero can be mined by GPU. So it is easy for NSA to attack Monero. Have I understood right?

This is why bot mining is a necessary evil in the war for decentralization.

[numismatist]

..., the majority of people think what they think, and see through the attempts to manipulate the public opinion.

Surprised to meet a fellow landsman. Living on a different continent, that may be, but still the same country. Always the same country in these regards, everywhere.

[xephyr]

I continue to hold that Ethereum is strictly irrelevant to the currency use-case.  The barriers to liquidity are too high.  The layers of complexity required to achieve fungibility are too risky. The scalability problems are intractable.  The legal/political risk is off the charts.  Even zcash is more credible, and that is another corporate coin, centralizing political and legal risk.

I will wager 100 XMR that a top 3 volume DNM offers XMR support before ETH.  When that happens, game over.  XMR mcap will then surpass ETH within a month.

In fact, that might be what our whale friend knows about.

Seriously doubt that. DNM all use escrow and Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money. Also Monero is hard to use for buyers who are used to Bitcoin.   

[GingerAle]

I continue to hold that Ethereum is strictly irrelevant to the currency use-case.  The barriers to liquidity are too high.  The layers of complexity required to achieve fungibility are too risky. The scalability problems are intractable.  The legal/political risk is off the charts.  Even zcash is more credible, and that is another corporate coin, centralizing political and legal risk.

I will wager 100 XMR that a top 3 volume DNM offers XMR support before ETH.  When that happens, game over.  XMR mcap will then surpass ETH within a month.

In fact, that might be what our whale friend knows about.

Seriously doubt that. DNM all use escrow and Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money. Also Monero is hard to use for buyers who are used to Bitcoin.   

Okay, so when Monero has multisignature capabilities, then moon. Which means, more cheap coins for now.

[griffen1102]

I continue to hold that Ethereum is strictly irrelevant to the currency use-case.  The barriers to liquidity are too high.  The layers of complexity required to achieve fungibility are too risky. The scalability problems are intractable.  The legal/political risk is off the charts.  Even zcash is more credible, and that is another corporate coin, centralizing political and legal risk.

I will wager 100 XMR that a top 3 volume DNM offers XMR support before ETH.  When that happens, game over.  XMR mcap will then surpass ETH within a month.

In fact, that might be what our whale friend knows about.

Seriously doubt that. DNM all use escrow and Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money. Also Monero is hard to use for buyers who are used to Bitcoin.   

GUI should help with that!

[elrippo]

=> I do not expect a publicity attack on XMR. It is so difficult to use still, nobody will cease to use it because of another bankster campaign, but their even mentioning of it might cause more to join in!

My experience is, to do the exact opposite of what the mainstream media and banksters tell you, then you are quite fine 

[aminorex]

Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money.

More scared of losing money than they are of losing their freedom? Questionable.  Also, bitcoin volatility is low now, but during DNM adoption phase it was much higher.  The very fact of adoption creates volatility.  Nobody minds upside volatility.

[luigi1111]

Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money.

More scared of losing money than they are of losing their freedom? Questionable.  Also, bitcoin volatility is low now, but during DNM adoption phase it was much higher.  The very fact of adoption creates volatility.  Nobody minds upside volatility.

I feel like shorters wouldn't like it that much.

[3x2]

Fishy, fishy.

You say it only happen with NEM?

Bold statements need bold proofs...

This is the conversation between kody (so called hacker   ) and dannac. Dannac is actually just a troll and whining for not receiving bounty coins which kody received from the exchange. Dannac go and create some other thread, dont spoil this one with your BS.
http://pastebin.com/ipttRjL3

[griffen1102]

Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money.

More scared of losing money than they are of losing their freedom? Questionable.  Also, bitcoin volatility is low now, but during DNM adoption phase it was much higher.  The very fact of adoption creates volatility.  Nobody minds upside volatility.

I feel like shorters wouldn't like it that much.

We don't acknowledge those types of people here 

[TheOperator17]

=> I do not expect a publicity attack on XMR. It is so difficult to use still, nobody will cease to use it because of another bankster campaign, but their even mentioning of it might cause more to join in!

My experience is, to do the exact opposite of what the mainstream media and banksters tell you, then you are quite fine 

How do you know they're not anticipating that kind of mentality and using targeted marketing based on comprehensive personality profiles to exploit that kind of anti-establishment behavior to benefit their cause?

I find that it's best to base your decisions on logic and reason that you attain through life experience and meticulous observation of the nature of reality.  It is always harmful to be 100% conformist, or 100% contrarian imho. 

[TrueCryptonaire]

Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money.

More scared of losing money than they are of losing their freedom? Questionable.  Also, bitcoin volatility is low now, but during DNM adoption phase it was much higher.  The very fact of adoption creates volatility.  Nobody minds upside volatility.

I feel like shorters wouldn't like it that much.

We don't acknowledge those types of people here 

I on my behalf acknowledge them since they pay me well. I am happy to help them with their aspirations.

[inca]

Monero price is too volatile for them to consider adopting at this time. Sellers would not choose to use Monero because they would be scared of losing money.

More scared of losing money than they are of losing their freedom? Questionable.  Also, bitcoin volatility is low now, but during DNM adoption phase it was much higher.  The very fact of adoption creates volatility.  Nobody minds upside volatility.

I feel like shorters wouldn't like it that much.

We don't acknowledge those types of people here 

I on my behalf acknowledge them since they pay me well. I am happy to help them with their aspirations.

Yep someone has borrowed several thousand monero of mine at 0.67% daily interest. There is definitely interest in shorting.

[Monerobuyer0]

Yep someone has borrowed several thousand monero of mine at 0.67% daily interest. There is definitely interest in shorting.

Same here.  I have like 40 free Monero from it so far.

[aminorex]

Yep someone has borrowed several thousand monero of mine at 0.67% daily interest. There is definitely interest in shorting.

More power to them. When a market is spiky, they help smooth it out.  But I can't imagine the reasoning that supports it.  There is probably 5% downside risk here, but essentially unlimited upside risk:  The mcap rise draws attention.  That means new eyes on this thing.  Most of them just won't get it - I guess those are the ones who are most likely to short.  But it doesn't take but one or two with deep pockets who get it, and off we go again.  Moreover, I don't think our new whale friend is finished.  Also, we have active unlevered market makers.  At this point they are all overweight BTC, and seeking to rebalance.   They will be dip buyers.

Unrelated:  I did a little DNM survey.  It seems multisig is not much used.  More a nice-to-have than a sine-qua-non.  The norm is that the market acts as a bank and escrow agent.  Terrible idea, of course, but much easier for the end-users, if they tolerate the risk of exit-scam, and it seems they do, despite repeated burns.

[dnaleor]

I updated http://bit.ly/xmrcharts with some XMRDASH charts now.

Check the tabs to see all charts:
* XMRUSD all time line chart + marketcap
* XMRUSD 100 day candlestick chart
* XMRBTC all time line chart + marketcap
* XMRDASH all time line chart
* XMRDASH 100 day candlestick chart

edit: these will also be added to my website soonish.

[chuki]

Any release date for the gui wallet?
 Can i trust mymonero online wallet??

Thx

[Shrikez]

I updated http://bit.ly/xmrcharts with some XMRDASH charts now.

Thank you, very nice work!

[jwinterm]

Any release date for the gui wallet?
 Can i trust mymonero online wallet??

Thx

No official date afaik, but I'd guess maybe August. I wouldn't keep more than 100 or so XMR on web wallet. There was a Reddit thread where one guy supposedly lost 32k XMR on mymonero

[chuki]

A coin with no gui id a nooo go.
Sry but commando line i dont underst.
Who can i store my moneros safetly,?