luigi1111
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June 01, 2016, 02:40:41 PM Last edit: June 07, 2016, 10:37:56 PM by luigi1111 |
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The point is somewhat valid for Monero though, since we do now have lightWallet, MyMonero and a few others.
Those solutions are not great though, given the issue of resources. I believe MyMonero still does not support integrated addresses for example (not positive, as I don't use it). It definitely doesn't support tx-keys (needed for proof of payment) meaning it can't be used with bitsquare.
I don't mean that to call out fluffypony for doing anything wrong, as I think MyMonero overall is basically great, but it is hard to for all third party projects to justify a lot of resources for development when the coin is small as are the revenue opportunities for such a product.
It has supported integrated addresses for some weeks now.
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griffen1102
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June 01, 2016, 03:29:26 PM |
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Monero's decoupling from ETH. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.tradingview.com%2Fx%2FfAT0OabT%2F&t=665&c=okMly7GbbT3QRg)
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Hueristic
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June 01, 2016, 04:06:31 PM |
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Monero's decoupling from ETH.
I did notice this but can only surmise it is because of the large capitalization as it certainly isn't because of the tech. I really expected the opposite but once again I gave the masses more credit than they deserve.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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noobtrader
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June 01, 2016, 04:30:24 PM |
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Monero's decoupling from ETH.
I did notice this but can only surmise it is because of the large capitalization as it certainly isn't because of the tech. I really expected the opposite but once again I gave the masses more credit than they deserve. first thing to learn in trading is that the market always right... either due to the mass behavioral psychology or that it was wisdom of the crowd, either way if you lose accept that you were wrong and learn more. if you never accept that you were wrong then you will never learn.
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"...I suspect we need a better incentive for users to run nodes instead of relying solely on altruism...", satoshi@vistomail.com
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TrueCryptonaire
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June 01, 2016, 04:58:52 PM |
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Monero's decoupling from ETH.
I did notice this but can only surmise it is because of the large capitalization as it certainly isn't because of the tech. I really expected the opposite but once again I gave the masses more credit than they deserve. first thing to learn in trading is that the market always right... either due to the mass behavioral psychology or that it was wisdom of the crowd, either way if you lose accept that you were wrong and learn more. if you never accept that you were wrong then you will never learn. My lesson learned from the markets is the fact that one can refuse buying if (s)he thinks it will go down. If one thinks the price will go up, then buying is a viable choice. Buy when you think it is low I guess and sell when you think it is high. There are always people who disagree with your views due to different time horizons (some people are here for quick buck, others are for 2-3 years and some are for decades to come).
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ArticMine
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June 01, 2016, 05:20:45 PM |
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A 300 XBT buy wall at 0.00165. Fake or real?
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iCEBREAKER
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June 01, 2016, 05:28:07 PM |
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A 300 XBT buy wall at 0.00165. Fake or real?
Dump into it and find out?
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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tifozi
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June 01, 2016, 05:29:09 PM |
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A 300 XBT buy wall at 0.00165. Fake or real?
Probably real and they know it will get dumped on going by historical trends.
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ArticMine
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June 01, 2016, 05:48:48 PM |
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... Dump into it and find out?
Are you kidding. At these prices it is not even close. The one mistake I made with Bitcoin was selling a portion way too soon. I am not prepared to make the same mistake with Monero which, by the way, has way stronger fundamentals. https://www.youtube.com/watch?v=Bz61YQWZuYU
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primer-
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June 01, 2016, 05:57:46 PM |
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I'd say Monero has another 2-3 months to really take off otherwise its dead. Botnet hash rate and steep emission curve is what will cause premature death.
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ArticMine
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June 01, 2016, 11:59:39 PM |
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I'd say Monero has another 2-3 months to really take off otherwise its dead. Botnet hash rate and steep emission curve is what will cause premature death.
An analysis of the change in capitalization rate since Monero's launch rather than just price indicates the exact opposite. The steep emission curve has allowed the market to absorb large increases in market capitalization (market capitalization is the measure on what value the market places on the coin and project overall) while keeping prices affordable. As the emission curves flattens this will no longer be the case so further increases in market capitalization that are comparable to those in the past will require much higher prices.
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nioc
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June 02, 2016, 12:16:29 AM |
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smooth (OP)
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June 02, 2016, 02:38:59 AM |
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Monero's decoupling from ETH.
I did notice this but can only surmise it is because of the large capitalization as it certainly isn't because of the tech. I really expected the opposite but once again I gave the masses more credit than they deserve. first thing to learn in trading is that the market always right... either due to the mass behavioral psychology or that it was wisdom of the crowd, either way if you lose accept that you were wrong and learn more. if you never accept that you were wrong then you will never learn. I agree to a point. But I don't think they were ever really coupled to begin with. Look at that chart. What happened before November? It looks to me like they both happened to go up at around the same time (Feb-Apr). That does not a coupling make.
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Hueristic
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June 02, 2016, 03:01:34 AM |
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Monero's decoupling from ETH.
I did notice this but can only surmise it is because of the large capitalization as it certainly isn't because of the tech. I really expected the opposite but once again I gave the masses more credit than they deserve. first thing to learn in trading is that the market always right... either due to the mass behavioral psychology or that it was wisdom of the crowd, either way if you lose accept that you were wrong and learn more. if you never accept that you were wrong then you will never learn. I agree to a point. But I don't think they were ever really coupled to begin with. Look at that chart. What happened before November? It looks to me like they both happened to go up at around the same time (Feb-Apr). That does not a coupling make. LOL, I had forgotten he was still posting. My track records pretty good and I am not holding a position so it's not an issue ATM but I would really like to get some M0AR cheap!!!. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) AFA whether they were coupled, who can say? What timeframe is it defined as? There really is no set rules in this market so none of the standard models are worth a damn thing. The only thing I think of using stock algo's is not to bet on them as everyone is using them which means whoever has the most capitol is gonna win.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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dEBRUYNE
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June 02, 2016, 03:36:36 PM |
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This reddit reply from u/ferretinjapan deserves a crosspost, hence: To be fair, I can be "hostile" at times, but that is only when I'm clearly being provoked by trolls or others that are being disingenuous and throw the first stone. I personally go out of my way to assume good faith and remain civil, but once I can gauge a users intention is to be a prick I'll reverse troll them like a champ ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . Unfortunately Bitcoin and other cryptocurrencies attract a massive amount of trolls and know-it-alls so being "hostile" is sometimes the only way to restore civility (ironically) because if I let them walk all over me, they'll be emboldened to continue doing the same thing to others. I don't consider myself a "maximalist", I'm simply naturally sceptical. Nearly all other blockchains really didn't do anything that Bitcoin couldn't, or the features they espoused weren't really useful for end users. Projects can also become corrupted by it's user base and diversity of development is critical if a project is to survive. So when I see a group ruling a blockchain project with an iron fist, I become sceptical of it's success as it's clear that users' best interests are not a priority. So I could hardly be called a maximalist when I turn on Bitcoin after 5+ years as a result of the censorship and hamstringing of development. I want the blockchain that serves users' needs best to be the one to succeed. Aside from Bitcoin's technology, I was also attracted to Bitcoin in the early days because it's goal was to keep the issuance and handling of money honest, so to speak. It can't be corrupted or misused by a select group or entity and that is very important to me. I'm a staunch supporter of honesty and integrity, whether that be keeping governments honest, banks, organisations honest, etc. . Unfortunately, Bitcoin has become mired in politics, and we can all see that since miners have ignored users, and now answer to Blockstream Core, they are corrupting the very foundation of Bitcoin by yet again allowing a group/organisation/company make all the calls. So, to answer /u/beerbellyfatass more specifically, I've seen a LOT of alt coins pop up over the years. I got into Bitcoin in 2010 so, I've witnessed every single alt pop into existence from the beginning, and I've shitcanned 99% of them as the vast majority were scams to try and loosen Bitcoins from naive users in the early days. I can't even begin to tell you how dumb some early users were, they'd pretty much throw their coins at anything and scammers arrived in droves to try and capitalise on early users' idiocy. Thus my standard for what constitutes a sensible altcoin is understandably very high. It takes a lot for a coin to get past my BS filter, but here is a list of things I find myself looking for when taking another Blockchain project seriously. - Fair issuance: No IPO, fundraising BS, no premine, the announcement and mining/node software for the network should have been released and open source well in advance.
- Features that answers genuine use cases that users have, and that other coins struggle to satisfy. It MUST be useful to end users in some way, and that use should be obvious. "Turing complete", smart contracts, etc. is NOT a use case.
- Based on solid CS and cryptographic principals. The underlying security should not be based on brand new research, or dubious mechanisms. It is meant to support an economy, so trusting the security to untested, poorly understood, or brand new algorithms or complex mechanisms is a big red flag as tiny bugs could bring everything down, as they say, the devil is in the details (even when I first discovered Bitcoin, I was very sceptical as bugs could undermine even sound theory). For obvious reasons, Zerocoin fails this sniff test. So does any project that uses POS.
- The mining/wallet/node software must be open source, no exceptions.
- It should not be founded, or organised by a for profit group (think Ripple). If it's for profit, you can almost be guaranteed that governments can shut it down, or have backdoors to control the system. And besides that, for profit coins don't exist to benefit users, they exist to benefit the company/organisation, and can be very easily corrupted.
As you can see, Ethereum sits on the fence of most of these criteria, but Monero clearly passes, thus where my "bias" lies. I like Monero a hell of a lot more than Ethereum, but I can't quite throw Ethereum in with all the other scam/shit coins out there. Ethereum has too many red flags but unfortunately users, as usual, have little idea what/why they are getting into Ethereum and simply flock to it because "turing complete" and think nothing of the underlying code or design, or what use cases it's trying to satisfy for end users. Ethereum as a result looks far more like a pump and dump than a serious contender. Monero OTOH has obviously been carefully designed to address certain needs everyday users have, and many long term problems considered and addressed before getting started. They never had an IPO, all coins were issued via mining, was open source from the outset, based on solid algorithms, and done by volunteers. /essay Source: https://www.reddit.com/r/Monero/comments/4m4qv2/help_me_understand_monero_and_the_community_im/d3sw4mz?context=3
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Hueristic
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June 02, 2016, 03:46:17 PM Last edit: June 02, 2016, 03:56:23 PM by Hueristic |
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Shit moved my buy from right above the wall to below while I crashed. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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iCEBREAKER
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June 02, 2016, 04:22:13 PM |
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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papa_lazzarou
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June 03, 2016, 01:25:29 PM |
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And don't forget to earn REP in some of the other sites, people. Try answering a question a day. Before you know it, Bam!.
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