[XMR] Monero Speculation

[dEBRUYNE]

PSA: If the beta GUI is not working on your Windows system, please follow this guide

https://monero.stackexchange.com/questions/2928/how-to-change-the-monero-core-rendering-mode-for-older-computers/2929#2929

[logictense]

Just took out a short position. Will add more to shorts when GUI hype strengthens, if ever.

The timing of the release event is fortuitous though.

My personal preference was to short before the beginning of january and let it topple down the well with no fundamental improvements, which would have been a classy opportune trade allowing to profit off the imminent V-shaped bottom. Anyways...

The GUI thing is what I call marketing elitism. U know why. People like me, wanting to use the GUI, compiled it themselves months back. Getting the shit popping when china rushes for the new bitcoin ATH is perfectly in tune with my mid-term bitcoin price forecast, which turns monero into paradise for shorts. So keep fishing for idiots who need ur GUI.

[TrueCryptonaire]

The bitcoin rally might end up into epic Monero price both in terms of bitcoins and especially in terms of fiat. I see no reason why the price of Monero could not reach 0.10-0.30 btc during the peak and bitcoin at 3000 makes Monero a 300-900 dollar per coin.

[keeptrollintrollin]

Just took out a short position. Will add more to shorts when GUI hype strengthens, if ever.

The timing of the release event is fortuitous though.

My personal preference was to short before the beginning of january and let it topple down the well with no fundamental improvements, which would have been a classy opportune trade allowing to profit off the imminent V-shaped bottom. Anyways...

The GUI thing is what I call marketing elitism. U know why. People like me, wanting to use the GUI, compiled it themselves months back. Getting the shit popping when china rushes for the new bitcoin ATH is perfectly in tune with my mid-term bitcoin price forecast, which turns monero into paradise for shorts. So keep fishing for idiots who need ur GUI.

Very short term, maybe. Longer term, margin call.

[TMAN]

The bitcoin rally might end up into epic Monero price both in terms of bitcoins and especially in terms of fiat. I see no reason why the price of Monero could not reach 0.10-0.30 btc during the peak and bitcoin at 3000 makes Monero a 300-900 dollar per coin.

$300 per is a wet dream for some of us.. 0.03 would surfice to make me a happy camper.

[TrueCryptonaire]

The bitcoin rally might end up into epic Monero price both in terms of bitcoins and especially in terms of fiat. I see no reason why the price of Monero could not reach 0.10-0.30 btc during the peak and bitcoin at 3000 makes Monero a 300-900 dollar per coin.

$300 per is a wet dream for some of us.. 0.03 would surfice to make me a happy camper.

0.03 very likely will take place in spring rally (not sure though) even without bitcoin rally.. Often I have been wrong also so take this as grain and salt.

EDIT: I have enough bitcoins for the rally so unfortunately I am not in the need of bitcoins and thus no need for selling my Moneros (unless the Monero goes parabolic against bitcoins I might consider selling 10-20 Moneros).

[cryptimus prime]

I can only recommend to have an eye on the XMR/USD(T) chart.

[Blazed]

Pretty impressive prices considering the current Bitcoin rally. Had that GUI dropped any other time I think Monero would have doubled in price 

[obit33]

I can only recommend to have an eye on the XMR/USD(T) chart.

link?

[Globb0]

Pretty impressive prices considering the current Bitcoin rally. Had that GUI dropped any other time I think Monero would have doubled in price 

I think its just dropping, more impact to be felt as the news trickles out.

[TMAN]

does anyone know if XMR has any Chinese exposure as yet?

[Aby Normal]

Just took out a short position. Will add more to shorts when GUI hype strengthens, if ever.

The timing of the release event is fortuitous though.

My personal preference was to short before the beginning of january and let it topple down the well with no fundamental improvements, which would have been a classy opportune trade allowing to profit off the imminent V-shaped bottom. Anyways...

The GUI thing is what I call marketing elitism. U know why. People like me, wanting to use the GUI, compiled it themselves months back. Getting the shit popping when china rushes for the new bitcoin ATH is perfectly in tune with my mid-term bitcoin price forecast, which turns monero into paradise for shorts. So keep fishing for idiots who need ur GUI.

Oh dear, you member the price of "that other coin" 3 years ago when BTC was over 1k USD?
You know which coin is "that other coin" now?
You aware of the difference in supply and tech between those other coins then and now?
Oh stupid me, who needs advanced fungible cryptocurrency with its stupid GUI and mobile wallets and other stuff nobody cares about 

[phishead]

You know I just thought of something.

The more Bitcoin goes up in price will inevitably cause a lot of push back on the devs from doing anything like Hard Forking anything in or doing anything of the sort to improve.  I mean in a way, Bitcoin is being bought up for absolutely no reason at all.  That's kind of like a kid being rewarded for not doing his homework... what do you think he is going to do next time when home work is assigned?

When I see Bitcoin's price and network effect grow up, I just see people looking at Bitcoin's price as a reason for validating it's usefulness and "success" (it's been happening for a while).  If that's the case, I just feel like something has got to give to where there is so much back up on the network that people will get insanely aggravated with it and probably start selling which possibly cause panic selling.

This is why I believe the "mandatory fork system" that Monero has is so awesome... Keeps everything "fresh" just like in Linux.

[phoenix rises]

Also seems the GUI release is (unsurprisingly) resulting in more people running full nodes already.
Node count had been hovering 390-420 ish last few weeks, now up to 447, highest I have seen it. This is great for the future and we are only one day in

https://monerohash.com/nodes-distribution.html

If anyone has a historic chart of node count I would be really interested to see that.

Can't wait for Backround Mining to be introduced - is there any timeline on this ? I think one of the most important issues for monero now is to get the security level up and I am pretty sure that there are many of us here who would gladly 'donate' hash power to the network will little expectation of reward (other than the intrinsic reward of helping to secure the network in a distributed manner)

I hope Jaxx can follow through in a timely manner with their mobile wallet and integration into their upcoming hardware wallet that is being developed. Or anyone else!

The pieces really seem to be falling into place for monero now. 2% of Alphabay business already, with no GUI, no HW wallet, no mobile wallet, no Ring CT ... 5% by end of Q2 seems entirely possible imo. Then we can say the snowball is really starting to roll ...

Bring on 2017  

[pereira4]

Also seems the GUI release is (unsurprisingly) resulting in more people running full nodes already.
Node count had been hovering 390-420 ish last few weeks, now up to 447, highest I have seen it. This is great for the future and we are only one day in

https://monerohash.com/nodes-distribution.html

If anyone has a historic chart of node count I would be really interested to see that.

Can't wait for Backround Mining to be introduced - is there any timeline on this ? I think one of the most important issues for monero now is to get the security level up and I am pretty sure that there are many of us here who would gladly 'donate' hash power to the network will little expectation of reward (other than the intrinsic reward of helping to secure the network in a distributed manner)

I hope Jaxx can follow through in a timely manner with their mobile wallet and integration into their upcoming hardware wallet that is being developed. Or anyone else!

The pieces really seem to be falling into place for monero now. 2% of Alphabay business already, with no GUI, no HW wallet, no mobile wallet, no Ring CT ... 5% by end of Q2 seems entirely possible imo. Then we can say the snowball is really starting to roll ...

Bring on 2017  

I want to get back into Monero, I invested originally back in the day but eventually sold. It seems they are finally making it more user friendly with the GUI. But I still have problems with the scalability problem. Some people complain about Bitcoin's blockchain being too heavy but we already got it figured out with segwit, lightning network etc to scale for the next years. Now my question is, how is Monero going to deal with its blockchain which as far as I remember is a couple times heavier than Bitcoin or grows at a faster rate? Also how fast is Monero nowadays compared to Bitcoin?

I guess for its niche that is not an important but its still good to know how thinks are going to be dealt with in the future.

[iCEBREAKER]

how is Monero going to deal with its blockchain which as far as I remember is a couple times heavier than Bitcoin or grows at a faster rate? Also how fast is Monero nowadays compared to Bitcoin?

Monero has 2 minute blocks, so getting a first confirmation tends to be 5X quicker than Bitcoin.

As for XMR's blockchain bloat, Layer 2 solutions are on the roadmap.

Meanwhile we may use what I call "economic pruning" (IE non-trivial minimum tx fees) to keep the blockchain manageable and spam-free.

[Febo]

Also seems the GUI release is (unsurprisingly) resulting in more people running full nodes already.
Node count had been hovering 390-420 ish last few weeks, now up to 447, highest I have seen it. This is great for the future and we are only one day in

https://monerohash.com/nodes-distribution.html

If anyone has a historic chart of node count I would be really interested to see that.

Can't wait for Backround Mining to be introduced - is there any timeline on this ? I think one of the most important issues for monero now is to get the security level up and I am pretty sure that there are many of us here who would gladly 'donate' hash power to the network will little expectation of reward (other than the intrinsic reward of helping to secure the network in a distributed manner)

I hope Jaxx can follow through in a timely manner with their mobile wallet and integration into their upcoming hardware wallet that is being developed. Or anyone else!

The pieces really seem to be falling into place for monero now. 2% of Alphabay business already, with no GUI, no HW wallet, no mobile wallet, no Ring CT ... 5% by end of Q2 seems entirely possible imo. Then we can say the snowball is really starting to roll ...

Bring on 2017  

I want to get back into Monero, I invested originally back in the day but eventually sold. It seems they are finally making it more user friendly with the GUI. But I still have problems with the scalability problem. Some people complain about Bitcoin's blockchain being too heavy but we already got it figured out with segwit, lightning network etc to scale for the next years. Now my question is, how is Monero going to deal with its blockchain which as far as I remember is a couple times heavier than Bitcoin or grows at a faster rate? Also how fast is Monero nowadays compared to Bitcoin?

I guess for its niche that is not an important but its still good to know how thinks are going to be dealt with in the future.

Monero is 5 times faster then Bitcoin with a difference that your transaction always get thrue and you dont need to wait sometimes even a day as can happen with Bitcoin.
Blockchain is around 9 GB what is like 12 times smaller then Bitcoins 100 GB.


About nodes I am sure we are somewhere at the max now. But number will just increase. Africa and South america looks most empty. When we will have a node in the North Korea, then we could say that network is really secured.

[phoenix rises]

I want to get back into Monero, I invested originally back in the day but eventually sold. It seems they are finally making it more user friendly with the GUI. But I still have problems with the scalability problem. Some people complain about Bitcoin's blockchain being too heavy but we already got it figured out with segwit, lightning network etc to scale for the next years. Now my question is, how is Monero going to deal with its blockchain which as far as I remember is a couple times heavier than Bitcoin or grows at a faster rate? Also how fast is Monero nowadays compared to Bitcoin?

I guess for its niche that is not an important but its still good to know how thinks are going to be dealt with in the future.

Yes, blockchain will be bigger, but I dont see many people complaining about BTC blockchain size - it's the block size and subsuquent congestion that is the real issue, and we have that covered with adptive blocksizes, so we will never have to have the debate that is going on with BTC now. At the end of the day its just data storage, and the price paid for XMR privacy is a bigger chain. Sure, that will likely lead to more node centralisation in the future, but that seems an unavoidable part of this tech.

AFAIK, and from what I have read, there is absolutely no reason why the 2nd layer solutions being proposed for BTC cannot  be applied to XMR in due course, so I don't see any problems there tbh. It's not like we need them yet, and the tech will be more mature by the time we do.

Pure speculation : As the Aeon project has been taken on by Smooth, is part of the monero stack exchange,  and XMR tech is going to be implemented there in due course, it would not surprise me to see Aeon playing a role in XMR's future as a slightly less private, but very related coin that one could keep smaller balances in for day to day stuff. It is a 'lighter' version of Cryptonote and intended to be mobile-friendly, with some compromise on privacy levels to achieve that. That may play a part in scaling too ...
EDIT : Disclosure - yes I have bought a bunch purely on the basis that Smooth is involved, it looks like it will be developed alongside XMR, and its being virtually given away at the moment ...

[BitcoinNewsMagazine]

PSA: If the beta GUI is not working on your Windows system, please follow this guide

https://monero.stackexchange.com/questions/2928/how-to-change-the-monero-core-rendering-mode-for-older-computers/2929#2929

Thanks @dEBRUYNE some newer computers need it also

[KeyJockey]

Hey gang... just wondering if this is normal or maybe I have something set wrong:

I'm running the new GUI on my MacBook Pro circa mid-2012 model with spinning-disk HD not SSD.  Apple 'home' partition 100Gb with 36Gb free now... and other partitions set up 'different' for a dual-boot Win7 native option.

I've never had the CLI or any full XMR blockchain on this machine before now (always managed with just MyMonero, Polo, etc) and only previously ran that "pre release" download of the compiled GUI wallet for OSX, a couple months ago, which always worked fine.

Anyway, I downloaded the Beta 1 GUI release and it's running now & been downloading the big file since yesterday, almost 24 hours.

Yet I'm only at about "Synchronizing Blocks 269505 / 1207936" so far.

Seems a lot slower than I expected... so... something wrong or this is par for the course?

TIA for any info.

P.S. Also not sure if it'd be a good idea BUT after I have the full blockchain downloaded I was considering moving it to my home network NAS... since this Apple HD partition doesn't really have a *ton* of free space left.  But given if this system is slower than expected would that be manageable? OR maybe having the blockchain on my home network NAS would really be even more intolerably slow to actually use? Anyone try a setup like this yet...?