[XMR] Monero Speculation

[BitcoinNewsMagazine]

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...?

On a late model Win7 machine took just over 24 hours. I think if you move the blockchain you would have to open the wizard and tell the GUI where to find it.

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[KeyJockey]

On a late model Win7 machine took just over 24 hours. ... 

Thanks for info... this MacBook Pro has a 2.6 GHz Intel Core i7 processor and 16 GB of 1600 MHz DDR3 memory: not sure how comparable that is to your 'late model' Win7 machine but with my blockchain download being only at about 25% done in similar 24 hours to yours being complete in same time... is that still "about right" OR maybe I have something still wrong that's slowing things down more than it's supposed to?

My PARTITIONING on this Mac *is* very "weird" however... could THAT have something to do with it?  Would a non-standard partition scheme seriously affect disk-write speed for a task like this, for some reason?

I can't think of anything else that may be "wrong" here... anyone have any other ideas?

[CTTE]

On a late model Win7 machine took just over 24 hours. ... 

Thanks for info... this MacBook Pro has a 2.6 GHz Intel Core i7 processor and 16 GB of 1600 MHz DDR3 memory: not sure how comparable that is to your 'late model' Win7 machine but with my blockchain download being only at about 25% done in similar 24 hours to yours being complete in same time... is that still "about right" OR maybe I have something still wrong that's slowing things down more than it's supposed to?

My PARTITIONING on this Mac *is* very "weird" however... could THAT have something to do with it?  Would a non-standard partition scheme seriously affect disk-write speed for a task like this, for some reason?

I can't think of anything else that may be "wrong" here... anyone have any other ideas?

I think it makes a big difference if you have an SSD or a standard HD.

[Billy Bunter]

On a late model Win7 machine took just over 24 hours. ... 

Thanks for info... this MacBook Pro has a 2.6 GHz Intel Core i7 processor and 16 GB of 1600 MHz DDR3 memory: not sure how comparable that is to your 'late model' Win7 machine but with my blockchain download being only at about 25% done in similar 24 hours to yours being complete in same time... is that still "about right" OR maybe I have something still wrong that's slowing things down more than it's supposed to?

My PARTITIONING on this Mac *is* very "weird" however... could THAT have something to do with it?  Would a non-standard partition scheme seriously affect disk-write speed for a task like this, for some reason?

I can't think of anything else that may be "wrong" here... anyone have any other ideas?

Have you considered connecting to a remote node? That's what I did and it less than an hour to sync. You lose a little privacy - not much - but it's still secure.

[KeyJockey]

Have you considered connecting to a remote node? That's what I did and it less than an hour to sync. You lose a little privacy - not much - but it's still secure.

Yeah I did that before with the "pre-beta" GUI version that was posted about a month or two ago... worked fine, but for this "real final" release I want to try and use it as it's intended, i.e. with the daemon and everything...

Anyway, it's up to 314276/1145819 now... so gettin' there... slow and steady LOL

[sui_generis]

I speculate that Aminorex will return soon. Within 2 months for sure 

[iCEBREAKER]

I speculate that Aminorex will return soon. Within 2 months for sure  

It's a shame he's missing the GUI Party.

Looking forward to his return.  I want to hear his take on this epic USD rally/yuan collapse, the Trumpocolypse, etc.

Let's hope the ocean liner has stocks sufficient to keep his voyage merry!  

[CoinCidental]

Looks like bitcoin grabbed this anonymous sucker in a headlock and applies the force of the whole body to suffocate its victim.

Ek charts aint looking sexy. All signs are that it gets steadily smothered by bitcoin, and I would expect prices to hit 280K basement. Someone also messes up with FCT lol. I wish bitcoin bull

had more arms to take FCT down in headlock, too.

I don't see XMR as a legitimate challenger to BTC, XMR is for those who want to take one specific feature of bitcoin (anonymity) and take it a step further

ROTFLMFAO! You idiot, BTC is completely traceable and not even remotely anon.

Not everyone gives a shit about anon.....

Xmr fills a niche, it ain't no btc tho....

[tclo]

Is there a good Android wallet for XMR at this point, or even better is there a way to move it to cold storage and know the private key and also be able to check the balance somehow on the "blockchain"?   

Sorry if this is a dumb question that doesn't make sense, but I have some XMR on an exchange and just trying to figure out the best way to move it off of there and secure it.  I want to be able to extract the private key for sure though, without anyone else having access to it.

[iCEBREAKER]

BTC is completely traceable and not even remotely anon.

Not everyone gives a shit about anon.....

Xmr fills a niche, it ain't no btc tho....

Bitcoin lets you be your own bank, but everybody can see your account balances.

Monero lets you be you own Swiss bank.

Btc fills a niche, it ain't no xmr tho....   

[Biro Bob]

Have you considered connecting to a remote node? That's what I did and it less than an hour to sync. You lose a little privacy - not much - but it's still secure.

Yeah I did that before with the "pre-beta" GUI version that was posted about a month or two ago... worked fine, but for this "real final" release I want to try and use it as it's intended, i.e. with the daemon and everything...

Anyway, it's up to 314276/1145819 now... so gettin' there... slow and steady LOL

I also recommend running a remote node. I run a $5 Digitial Ocean server because I don't have the personal bandwidth or disk space on my mac. Even with that, it takes a while for the GUI to sync when you import a wallet from the electrum style key.

[CoinCidental]

BTC is completely traceable and not even remotely anon.

Not everyone gives a shit about anon.....

Xmr fills a niche, it ain't no btc tho....

Bitcoin lets you be your own bank, but everybody can see your account balances.

Monero lets you be you own Swiss bank.

Btc fills a niche, it ain't no xmr tho....   

your comparing an oil tanker to a canoe at the moment tho
14.7 billion cap to 130 mil is a helluva network advantage

the next few years will be interesting ,i like it both ways
im invested in honeybadger and honeypony but i think badger will rape the pony in the next 6 months 

[CoinCidental]

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.

the more money goes into btc the more develpment will be forced to happen ......
people like greg who may be slowing down progress now will be removed by those with a larger economic interest

[phishead]

your comparing an oil tanker to a canoe at the moment tho
14.7 billion cap to 130 mil is a helluva network advantage

the next few years will be interesting ,i like it both ways
im invested in honeybadger and honeypony but i think badger will rape the pony in the next 6 months 

Ahh, god man.. that's some terrible imagery...

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.

the more money goes into btc the more develpment will be forced to happen ......
people like greg who may be slowing down progress now will be removed by those with a larger economic interest

And I don't know if I really believe all that... I understand the logic behind all of that, I really do... but at what point does it become "enforceable"?  I mean, was $700-800 not enough monetary incentive for people to "force" core to do something? If $900 is, who is going to be the big tough guy to lead this mob to grab their pitchforks and torches in order to "force" Bitcoin Core to do stuff? 

[Hueristic]

... When we will have a node in the North Korea, then we could say that network is really secured.

That would get node owner killed.

Looks like bitcoin grabbed this anonymous sucker in a headlock and applies the force of the whole body to suffocate its victim.

Ek charts aint looking sexy. All signs are that it gets steadily smothered by bitcoin, and I would expect prices to hit 280K basement. Someone also messes up with FCT lol. I wish bitcoin bull

had more arms to take FCT down in headlock, too.

I don't see XMR as a legitimate challenger to BTC, XMR is for those who want to take one specific feature of bitcoin (anonymity) and take it a step further

ROTFLMFAO! You idiot, BTC is completely traceable and not even remotely anon.

Not everyone gives a shit about anon.....

Xmr fills a niche, it ain't no btc tho....

Believe it or not, not everyone gives a shit about BTC. And that had nothing to do with my response. I responded to his patently false troll post. He shills scam exchange and just check his post history, I bet he never even read the response.

[CoinCidental]

your comparing an oil tanker to a canoe at the moment tho
14.7 billion cap to 130 mil is a helluva network advantage

the next few years will be interesting ,i like it both ways
im invested in honeybadger and honeypony but i think badger will rape the pony in the next 6 months 

Ahh, god man.. that's some terrible imagery...

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.

the more money goes into btc the more develpment will be forced to happen ......
people like greg who may be slowing down progress now will be removed by those with a larger economic interest

And I don't know if I really believe all that... I understand the logic behind all of that, I really do... but at what point does it become "enforceable"?  I mean, was $700-800 not enough monetary incentive for people to "force" core to do something? If $900 is, who is going to be the big tough guy to lead this mob to grab their pitchforks and torches in order to "force" Bitcoin Core to do stuff? 

my guess is that most of the spotty teenagers will be bought out of btc in the $3-7k range and large funds,financial institutions and government money will take it over before the 2020 halving ........
these sort of mega corps will not be blackmailed or held over a barrell by people like core and they will ultimately take btc throug the 10-100k range and beyond

i think the current  core devs are not as important as they think they are and they will either conform or get their wings clipped when btc gets really valuable ......

[ccmfgg]

your comparing an oil tanker to a canoe at the moment tho
14.7 billion cap to 130 mil is a helluva network advantage

the next few years will be interesting ,i like it both ways
im invested in honeybadger and honeypony but i think badger will rape the pony in the next 6 months 

Ahh, god man.. that's some terrible imagery...

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.

the more money goes into btc the more develpment will be forced to happen ......
people like greg who may be slowing down progress now will be removed by those with a larger economic interest

And I don't know if I really believe all that... I understand the logic behind all of that, I really do... but at what point does it become "enforceable"?  I mean, was $700-800 not enough monetary incentive for people to "force" core to do something? If $900 is, who is going to be the big tough guy to lead this mob to grab their pitchforks and torches in order to "force" Bitcoin Core to do stuff? 

my guess is that most of the spotty teenagers will be bought out of btc in the $3-7k range and large funds,financial institutions and government money will take it over before the 2020 halving ........
these sort of mega corps will not be blackmailed or held over a barrell by people like core and they will ultimately take btc throug the 10-100k range and beyond

i think the current  core devs are not as important as they think they are and they will either conform or get their wings clipped when btc gets really valuable ......

I have a feeling in the not so distant future financial institutions will attempt to take control of XMR as well as most all if not all of the coins, resulting in people losing faith in the idea of coins forcing the government to step in and bailout.

[Febo]

your comparing an oil tanker to a canoe at the moment tho
14.7 billion cap to 130 mil is a helluva network advantage

the next few years will be interesting ,i like it both ways
im invested in honeybadger and honeypony but i think badger will rape the pony in the next 6 months 

Ahh, god man.. that's some terrible imagery...

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.

the more money goes into btc the more develpment will be forced to happen ......
people like greg who may be slowing down progress now will be removed by those with a larger economic interest

And I don't know if I really believe all that... I understand the logic behind all of that, I really do... but at what point does it become "enforceable"?  I mean, was $700-800 not enough monetary incentive for people to "force" core to do something? If $900 is, who is going to be the big tough guy to lead this mob to grab their pitchforks and torches in order to "force" Bitcoin Core to do stuff? 

my guess is that most of the spotty teenagers will be bought out of btc in the $3-7k range and large funds,financial institutions and government money will take it over before the 2020 halving ........
these sort of mega corps will not be blackmailed or held over a barrell by people like core and they will ultimately take btc throug the 10-100k range and beyond

i think the current  core devs are not as important as they think they are and they will either conform or get their wings clipped when btc gets really valuable ......

I have a feeling in the not so distant future financial institutions will attempt to take control of XMR as well as most all if not all of the coins, resulting in people losing faith in the idea of coins forcing the government to step in and bailout.

No matter who owns coins.
Problem with current fiat money is that can be printed by government.
If some government have 10% of Monero let them have them. They cant make 11% unless they buy it. And if they will start some war, will have 9% after it.

[rpietila]

I think the BTC developers have as much actual power as Barry Soetero did.

I said in early 2013 that I could have BTC developed and the network upheld, all by my own decision if needed.

Now, 4 years after, would it have been too bad as you now see what did happen...? 

[CoinCidental]

I think the BTC developers have as much actual power as Barry Soetero did.

I said in early 2013 that I could have BTC developed and the network upheld, all by my own decision if needed.

Now, 4 years after, would it have been too bad as you now see what did happen...? 

being stuck at 3.3 tx per second maybe allright for now but i feel that when the real big money moves in they will swat away the neckbeards core devs like mosquitos and replace them with with their own guys ......

a govt ,nation  or financial group  with deep pockets could simply buy up the mining farms and steer the project in the direction of their  liking ,if btc ends up being a valuable financial instrument for international trade the fiat used to buy  control over it at todays prices  will be insignifigant .........

Vinny Lingham has made accurate predictions before and he has similar thoughts on the matter and predicts that governments will be the largest buyers of btc in 2017

https://vinnylingham.com/bitcoin-2016-there-has-been-an-awakening-164b42d38927#.3c9jkwofc