[XMR] Monero Speculation

[DonYo]

Just checked this coin out. I think Monero looks interesting but needs more time before I invest.

Don't wait too much.

Use speedthinking^TM

[Altitude]

Just checked this coin out. I think Monero looks interesting but needs more time before I invest.

Don't wait too much.

Use speedthinking^TM

i don't see it doing much for a while, needs more time, im getting in early 2017

[explorer]

Just checked this coin out. I think Monero looks interesting but needs more time before I invest.

Don't wait too much.

Use speedthinking^TM

i don't see it doing much for a while, needs more time, im getting in early 2017

  No worries.  $12 will still be   Cheap Coins^TM

[Altitude]

Just checked this coin out. I think Monero looks interesting but needs more time before I invest.

Don't wait too much.

Use speedthinking^TM

i don't see it doing much for a while, needs more time, im getting in early 2017

  No worries.  $12 will still be   Cheap Coins^TM

Haha we shall see, things take time

[explorer]

Just checked this coin out. I think Monero looks interesting but needs more time before I invest.

Don't wait too much.

Use speedthinking^TM

i don't see it doing much for a while, needs more time, im getting in early 2017

  No worries.  $12 will still be   Cheap Coins^TM

Haha we shall see, things take time

2016 thus far has been very good for Monero.  I expect that will continue, as there is a lot going on.  Exciting times after some of the doldrums we've weathered over the last couple years. 

[americanpegasus]

Just checked this coin out. I think Monero looks interesting but needs more time before I invest.

That's what some people think about Bitcoin still today. 
 
I took every dime I had and bought as much Monero as I could in Spring of 2015.  I've held it ever since, and don't regret it a bit.  I was early, but I wasn't wrong.

[birr]

A couple of weeks ago, I noticed that my stash of moneroj was worth more than my stash of bitcoins.  So, telling myself that monero poses more long term risk, I sold almost half my moneroj.
Moral of the story:  don't talk to yourself!

[noobtrader]

having your own opinion and wrote it on forum is one thing,  but trying to lecture pro investor about what to invest, or trying to lecture a tech expert about technology...  thats another thing.

nevermind tho,  your community effort of bashing Dash surely working because Dash price keep rising...  keep up the good work then and carry on.  

When pro investors are buying a coin which had millions instamined by the creator 'on accident' and then made the situation even worse by allowing insiders to vote to reduce the total supply by 3/4ths... I feel compelled to bring the issue to their attention.  
  
If I am no expert, just an enthusiast, and can clearly see how broken this situation is - I would assume the absurdity of it would be extra-apparent to those with more knowledge than I.

if u were smart enough to know that they were pro investor, shouldnt you realize that they should have been doing their homework ? perhaps if you were more humble, you would start questioning your own logic at that moment.

[Das]

A couple of weeks ago, I noticed that my stash of moneroj was worth more than my stash of bitcoins.  So, telling myself that monero poses more long term risk, I sold almost half my moneroj.
Moral of the story:  don't talk to yourself!

  I agree that investing in XMR is better than investing in ETH, at least monero has lesser scam stories to tell.

[dEBRUYNE]

FWIW, the Zcash launch has been postponed to October 27, 2016. See:

https://github.com/zcash/zcash/milestone/30

https://github.com/zcash/zcash/milestones

[ArticMine]

...

I used to think monero had more long-term risk than bitcoin, network-wise as profit-wise I'm always "ready" to lose everything, cry and move on but so far I think both have the same risks yeah the bitcoin network is more secure but extremely centralized in a couple of pools located in a far-east dictatorship, there is also the problem with the bitcoin eliptic curve that is not used anywhere, so I conclude if I want to hedge my monero other than with bitcoin it would be something like litecoin or moneroclassic aka AEON and other cryptonotes.

I have actually considered Bitcoin a much higher long term risk than Monero for over two years, largely because of the blocksize issue. The 1 MB blocksize in Bitcoin effectively prevents any growth in Bitcoin. When one considers that much of the valuation in Bitcoin is driven by market perception of future value, in the form of venture capitalists for Bitcoin businesses, and investors and speculators in Bitcoin itself, the downside risk in Bitcoin becomes apparent.

As for hedging with other crypto currencies I see very few options. Aeon is a possibility since it has a tail emission in addition to the Cryptonote adaptive blocksize limit. A Cryptonote coin without a tail emission is basically a ticking time bomb from a security point of view. One interesting possibility may be Dogecoin because it has a tail emission in a BItcoin like "in the clear" coin; however at this point in time Dogecoin does not have an adaptive blocksize limit.  I do still hold very small amounts of Bitcoin and Namecoin. The latter is basically a play on a sharp increase in the price of Bitcoin which could happen for a short period of time.

As for non crypto currency hedges, fiat (cash or very short term deposits) is my personal choice because it tends to correlate negatively with crypto as a whole. It also provides very good liquidity over the short term. Some may suggest precious metals. I find stocks to be horribly overvalued and the same can be said for real estate in many markets.

[smooth]

I have actually considered Bitcoin a much higher long term risk than Monero for over two years

From my perspective the main thing is the high price. You can't just look at this as coin-vs-coin, but you have to ask if a Bitcoin is really worth 300 times as much as Monero. Clearly Bitcoin is more established, more widely used, more widely held, etc. But 300 is a high ratio, and there is perhaps room for it to fall a lot and all the things I said in the previous sentence would still be true. Price matters.

[americanpegasus]

I have actually considered Bitcoin a much higher long term risk than Monero for over two years

From my perspective the main thing is the high price. You can't just look at this as coin-vs-coin, but you have to ask if a Bitcoin is really worth 300 times as much as Monero. Clearly Bitcoin is more established, more widely used, more widely held, etc. But 300 is a high ratio, and there is perhaps room for it to fall a lot and all the things I said in the previous sentence would still be true. Price matters.

   
  
And with that, the great Speculative attack on Bitcoin began.   
 
But seriously, it is accepted that Bitcoin is worth 10 billion (with a 'b').  That's because Bitcoin was the first, and has had years to establish a network effect. 
 
But Monero isn't just slightly better technology.  It's the original vision of Bitcoin - it is a tech an order of magnitude beyond Bitcoin, which fulfills something the original cannot - true privacy from the first block to the current one.

[sandiman]

https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001

Any though ??

[TrueCryptonaire]

Monero mentioned https://www.youtube.com/watch?v=QGhenBI8YSA

[dEBRUYNE]

Ring CT just got PRed to master!

https://github.com/monero-project/bitmonero/pull/961

Bear in mind that, even though the code is finished, it will need thorough review and testing before it will get merged into master.

Great work by MoneroMooo, Shen Noether and everyone else involved!

[dEBRUYNE]

Dev meeting in approximately 4 hours (16:00 UTC). Dev meeting will be held at #monero-dev on freenode.

https://www.timeanddate.com/worldclock/converted.html?iso=20160814T16&p1=0&p2=56&p3=37&p4=102&p5=240&p6=136&p7=179&p8=137&p9=70&p10=28


Kovri (I2P) dev meeting in approximately 5 hours (17:00 UTC). Dev meeting can be followed at #monero-dev on freenode.

https://www.timeanddate.com/worldclock/converted.html?iso=20160814T17&p1=0&p2=56&p3=37&p4=102&p5=240&p6=136&p7=179&p8=137&p9=70&p10=28

[kurious]

https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001

Any though ??

Interesting.  Side chain option, or a good idea for a new generation coin recipe...?  Seems it won't work in existing blockchain protocol. We can't undo the holy blockchain.

Miblewimble Coin soon™

[QuantumQrack]

I wanted to make a paper wallet like the one bitcoin has with bitaddress.

https://www.bitaddress.org/bitaddress.org-v3.2.0-SHA256-ad4fd171c647772aa76d0ce828731b01ca586596275d43a94008766b758e8736.html


Is there anything safe and easy to use like the above one but for monero?

Is moneroaddress.org safe, reliable and easy to use like bitaddress?

https moneroaddress.org/

Works fine, follow the instructions.

[dEBRUYNE]

I wanted to make a paper wallet like the one bitcoin has with bitaddress.

https://www.bitaddress.org/bitaddress.org-v3.2.0-SHA256-ad4fd171c647772aa76d0ce828731b01ca586596275d43a94008766b758e8736.html


Is there anything safe and easy to use like the above one but for monero?

Is moneroaddress.org safe, reliable and easy to use like bitaddress?

https moneroaddress.org/

Moneroaddress.org is simply a port of this Github repository. You can simply download the ZIP file from there, extract it, and use it on your own computer. It was made by MoneroMooo, who is currently the most active code contributor to Monero. If you want to verify the download (or use it offline), you can follow the steps in this guide. Note that this guide was made for securely generating an offline cold paper wallet, but is basically for the extremely paranoid. Alternatively, there is this tool to generate a paper wallet. This tool was made by core-team member luigi1111. If you have two machines that aren't both compromised by the same entity, you could use the "Ice Cold" method of his tool.