[XMR] Monero Speculation

[KeyJockey]

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 .........

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  

Agreed, I'm in both too but currently pondering my BTC/XMR ratio and considering re-balance for the new year in light of recent positive tailwinds behind Monero.

But what you said above about the Big Money coming into BTC and sweeping away the neckbeards (LOL) makes a LOT of sense too, and I hadn't considered that angle before... so thanks for that.

I'm curious what your personal ratio/balance on Bitcoin/Monero is now?  And any other alts seem worthwhile to you, maybe MaidSafe?

P.S. {Edit}

people like greg who may be slowing down progress...

Hey man, where were *you* when *I* recently made an unintentional back-handed slight against Good Ol' Greg, over there in the other Monero thread?  LOL  I was *attacked* as an ignorant troll by some loyal defenders of the faith, so... careful brother, ya may bring 'em out here too, with your subversive talk like that

[Luxo]

Sell orders keep decreasing and price of XMR is almost at 10$. With BTC calming down and Monero getting RingCT the 5th of January, feels like good times ahead!

[bitwolf]

Sell orders keep decreasing and price of XMR is almost at 10$. With BTC calming down and Monero getting RingCT the 5th of January, feels like good times ahead!

And if coinbase adds monero we gonna probably achieve 30$.

[koryu]

Merry xmas gentlemen :-)

I am really bullish right now, expecting leg up within next 24 hours and start of new weekly candle

[cryptimus prime]

If you are an XMR hodler I can recommend you this:
Read all the chinese rumours and interest on the XMR-reddit while listening to "Bruno Mars - Talking to the moon". 

[Shiroslullaby]

I'm pretty sure if Monero was listed on a single Chinese exchange, the price could easily double.
If it started trading heavily on some Chinese exchanges, a price of $20 to $30 seems like it could be possible.

[CoinCidental]

I'm pretty sure if Monero was listed on a single Chinese exchange, the price could easily double.
If it started trading heavily on some Chinese exchanges, a price of $20 to $30 seems like it could be possible.

not every coin does well in china and im not sure why ...
they have a strange obsession with litecoin for some reason and rank it very highly
above most other coins

[dEBRUYNE]

Crosspost:

To all pool operators:

If you haven't already, you will need to update the node-cryptonote-util software in order for your pool to cross the january fork. I think many of the pool ops have done so already, but for those who are not in #monero-pools, you will need this patch: https://paste.fedoraproject.org/506116/17116821/

This applies to zone117x's version of the pool. There is a version of this ported to clintar's fork, which I don't have handy right now, but I will post it when I do is here: https://github.com/M5M400/node-cryptonote-util/commit/37f50f9b535f0258c3a1c6f7247a891b4c211ff3.

If you're not running this when the fork happens, you will be forked off.

For pool miners, you may want to check with your pool op that they're running the patch a few days before the fork, and switch to a known good pool otherwise. Please prefer smaller pools when doing so.

[sui_generis]

I'm pretty sure if Monero was listed on a single Chinese exchange, the price could easily double.
If it started trading heavily on some Chinese exchanges, a price of $20 to $30 seems like it could be possible.

not every coin does well in china and im not sure why ...
they have a strange obsession with litecoin for some reason and rank it very highly
above most other coins

Probably translates to good fortune coin, or something else us gweilos wouldn't understand.

[explorer]

Merry Christmas people!  Did anybody else gift XMR? 

[pereira4]

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 ...

Centralized nodes will happen only if the blocksize is too big for the average computer a particular time. Like right now, 1 MB seems like a good enough sweet spot to keep for Bitcoin. On top of this, you can build a second layer and still be safe with a network core that remains decentralized.

Now, if the blocksize is too big, it doesn't matter what you build on top, you are already fucked since the network is centralized, therefore all the anonymous technology is useless.

So I would say that a conservative blockchain sized BTC + LN is more secure than XMR with a centralizing tier blocksize...

[KeyJockey]

Hmm, small update here on my blockchain-on-Mac using new GUI... more weirdness

It's now at about 690,000 out of 1,200,000 so a little more than halfway.

SO still very slow but, yeah, still plodding along, hopefully will be done before the new year? LOL

Anyway the weird thing is the blockchain/database file on disk seems to NOT have been updated in over a day!

It's now Dececember 25th (Merry Christmas, everyone!) and the date/time stamp on my DATA.MDB file in the hidden .bitmonero folder is 12/23 at 10pm... while the GUI wallet's LOG file IS timestamped up to date, being last written to just a minute ago.

So...?  Is this normal?  *Everything* is just holding in RAM for so long OR shouldn't it be hitting the disk more often?

I can't seem to shake the idea that something's just OFF here with this... doesn't seem *quite* right even IF it's just that I have an older/slower MacBook.

P.S. Sorry to be posting this here but really not sure where else would be better.  The stackexchange maybe after it's "solved" but I'm looking for input or experience from other users who may have seen something like this before, and I think THIS thread is the most active place for Monero People on the 'net, isn't it?  I keep this thread open in a tab always on all my computers LOL

[GingerAle]

Key jockey , reddit is also active. And the main Ann thread gets a lot of activity too.

Re centralization due to block size and subsequent database storage, there are so many ways to create countermeasures to this that I don't view it as a concern.

[LennyCarl]

Merry Christmas people!  Did anybody else gift XMR? 

I did. Sent a handful each to my brothers (via Mymonero). They have no idea what it is. I just said to forget about it and I'll remind them to check the value in a year or two...

I plan to tell them to install the GUI and store them in there ...

[pa]

Hmm, small update here on my blockchain-on-Mac using new GUI... more weirdness

It's now at about 690,000 out of 1,200,000 so a little more than halfway.

SO still very slow but, yeah, still plodding along, hopefully will be done before the new year? LOL

Anyway the weird thing is the blockchain/database file on disk seems to NOT have been updated in over a day!

It's now Dececember 25th (Merry Christmas, everyone!) and the date/time stamp on my DATA.MDB file in the hidden .bitmonero folder is 12/23 at 10pm... while the GUI wallet's LOG file IS timestamped up to date, being last written to just a minute ago.

So...?  Is this normal?  *Everything* is just holding in RAM for so long OR shouldn't it be hitting the disk more often?

I can't seem to shake the idea that something's just OFF here with this... doesn't seem *quite* right even IF it's just that I have an older/slower MacBook.

P.S. Sorry to be posting this here but really not sure where else would be better.  The stackexchange maybe after it's "solved" but I'm looking for input or experience from other users who may have seen something like this before, and I think THIS thread is the most active place for Monero People on the 'net, isn't it?  I keep this thread open in a tab always on all my computers LOL

I haven't tried to sync from scratch using the GUI but did notice that synching the last couple of weeks of blocks took longer than expected. This is on a Mac OSX 10.12.1 with 16GB RAM & SSD.

[bbc.reporter]

I'm pretty sure if Monero was listed on a single Chinese exchange, the price could easily double.
If it started trading heavily on some Chinese exchanges, a price of $20 to $30 seems like it could be possible.

not every coin does well in china and im not sure why ...
they have a strange obsession with litecoin for some reason and rank it very highly
above most other coins

Not every coin but Monero is beginning to take itself apart from most of the cryptocoins and it is already showing the signs that it could be something big. So I agree with Shiro but expect the swings to be larger than usual when China starts trading XMR. If you do not believe me, just look at bitcoin.

[Whtwabbit]

I'm pretty sure if Monero was listed on a single Chinese exchange, the price could easily double.
If it started trading heavily on some Chinese exchanges, a price of $20 to $30 seems like it could be possible.

not every coin does well in china and im not sure why ...
they have a strange obsession with litecoin for some reason and rank it very highly
above most other coins

I remember last Litecoin bubble, someone said they don't trust the bitcoin hash algorithm  (not sure of the technical details) Bitcoin has a government created one and Litecoin was less likely to have a backdoor, something like that anyway

[pa]

Not every coin but Monero is beginning to take itself apart from most of the cryptocoins and it is already showing the signs that it could be something big. So I agree with Shiro but expect the swings to be larger than usual when China starts trading XMR. If you do not believe me, just look at bitcoin.

Yes, most altcoins are playmoney for whales and traders to gain more bitcoins, Monero (besides not being an altcoin) is one of the rare few its worth to hodl and use.

If my wife didn't object so strongly I'd be using our bitcoin as playmoney to gain more monero. Instead, I hodl both, but prefer moneroj because of its better privacy & fungibility. I'm loathe to spend bitcoin on anything else but moneroj. If Monero's liquidity and real world usage increases over the next few years  to where Bitcoin is now, I'd have no reason at all to hold Bitcoin, except as a hedge for black swan risks.

@KeyJockey: full sync from scratch using GUI took 5.5 hours on recent Mac with SSD.

[bitebits]

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.

https://getmonero.org/knowledge-base/user-guides/Offline_Backup

[dEBRUYNE]

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.

https://getmonero.org/knowledge-base/user-guides/Offline_Backup

To add, this guide is based on that link:

https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/

To check the balance:

https://www.reddit.com/r/Monero/comments/58fg8g/steps_to_verify_balance_of_a_cold_wallet_while/