[XMR] Monero Speculation

[infinity_times_nil]

Monero finally decided to move up since I bought in. So don't jinx it, guys... 

[aminorex]

Only thing that's unsatisfying about this pump is that more shorts weren't placed at the bottom. The thought of seeing the naysayers get sent to the poorhouse gives me so much joy.

Other people's misfortune brings you joy?? My, my....what a twisted individual you are !

It is not so twisted when the people in question are pushing Monero down.  Monero is mankind's last hope of freedom on this planet.  Of course in the end it is squeezing the shorts that gives market makers the best possible return per unit of investment risk, and helps insure that price discovery is honest, so from that viewpoint  the short interest is very beneficial to Monero.  Even if you  refrain from passing moral judgement, their loss is a gain for the cause, and hence similarly cause for celebration. 

[aminorex]

We'll see. XMR isn't a smart contract platform. It needs traders to keep the wheels spinning.

Almost hit the nail on the head, but not quite.  It needs an economy, and DNMs are the critical bootstrap to a level of liquidity where the storage and transfer capacity corresponds to the needs of big money users (HNWIs, corps, and TLAs).  Right now DNMs are reeling and traffic is negligible.  But in less than 6 months there will be 20x the DNM throughput that we saw in SR1 , which took BTC to USD100, and perhaps 50% of that traffic will be denominated XMR, which will put the unit cost around $1000 by March - before the FOMO is factored in.

These are the last cheap coins, people.

I wish I could share your optimism.

Optimism is meaningless.  The math does not lie.

[kurious]

Volyova just drops by every now and then to poke and see if we bite.

And I think he / she is not really anti-Monero and most definitely not a Dash fan.  I have seen worse...

Trolling is usually a good sign here, actually - Fatman3001 came in a few days back, all nasty and calling FP names...  and we immediately pushed up nicely just after he was saying we were dead in the water and would never recover.  I was surprised how much of a hater he was, he is not such an ignorant arse on the WO thread.  You live and learn, eh.

We've been due a lift, I reckon - trolls seem to be a good sign more often than not.

And Monero is quite simply still the best, most fungible and truly private money there is.

[GreatOrchid]

Monero has been one of the most stable altcoins followed by litecoin.
Between all the aug1 mess and today, it has risen from $43 to $53 so we can say that monero will keep increasing in the followin months.
By the way, xmr is one of the best coins that exists nowadays, it has a lot of features that another altcoins doesnt have, it is the most anonymous coin.

[kurious]

We'll see. XMR isn't a smart contract platform. It needs traders to keep the wheels spinning.

Almost hit the nail on the head, but not quite.  It needs an economy, and DNMs are the critical bootstrap to a level of liquidity where the storage and transfer capacity corresponds to the needs of big money users (HNWIs, corps, and TLAs).  Right now DNMs are reeling and traffic is negligible.  But in less than 6 months there will be 20x the DNM throughput that we saw in SR1 , which took BTC to USD100, and perhaps 50% of that traffic will be denominated XMR, which will put the unit cost around $1000 by March - before the FOMO is factored in.

These are the last cheap coins, people.

I wish I could share your optimism.

Optimism is meaningless.  The math does not lie.

Been accumulating - I had promised myself to pull a chunk of crypto profits out (for property investments and diversification that I can sleep easier with).  However, seeing Monero under 0.012?  Irresistible.

Somehow in XMR I am back up to where I was in coins - and I am happier than ever.  BCH windfall has helped ofc.  Where else do I put free money? 

Keeping a few BCH just in case miners do find BCH more profitable and shift over, but unless Ver and Wu have more tricks up their sleeve I will dump the rest before the diff goes up on BCH as much as it ought to. 

[kurious]

Monero has been one of the most stable altcoins followed by litecoin.
Between all the aug1 mess and today, it has risen from $43 to $53 so we can say that monero will keep increasing in the followin months.
By the way, xmr is one of the best coins that exists nowadays, it has a lot of features that another altcoins doesnt have, it is the most anonymous coin.

Sagacious people are always welcome.  

Monero is indeed steady as a store of value but it also develops and grows as its use case becomes obvious.  As Aminorex points out DNMs are in disarray just now, but only Monero makes sense for the next crop who will inevitably appear to fill that market gap.

Every now and then Monero suddenly rises sharply. Like the 2500% it increased in 2016. A lot of that around the end of August.  The past in no guide to the future, but Spring and the cusp of Autumn have often been rather propitious for the XMR price...


Edit: Aaaand we just sneaked over $55 in fiat terms. Sweet.

[cryptimus prime]

Nobody is discussing the dev meeting notes from today?

Tim Ruffing has offered suggestions on improving Monero by using sublinear ring signatures + CT.
Knacc is going through the information and writing a Java implementation.
RuffCT GREATLY expands the ring signature sizes (100k+). "with a set-up like this, there should be no good reason to not simply sign every transaction with the top half of the blockchain every time"
<surae> "in a certain sense, this is like an alien came down and gifted us faster than light travel."

Do you guys understand what this means?  
I am bullish, very bullish.

[mmfiore]

Monero under 0.012?  Irresistible.    Same for me, this sensation is perfect ! Probably the better buy

[sui_generis]

Nobody is discussing the dev meeting notes from today?

Tim Ruffing has offered suggestions on improving Monero by using sublinear ring signatures + CT.
Knacc is going through the information and writing a Java implementation.
RuffCT GREATLY expands the ring signature sizes (100k+). "with a set-up like this, there should be no good reason to not simply sign every transaction with the top half of the blockchain every time"
<surae> "in a certain sense, this is like an alien came down and gifted us faster than light travel."

Do you guys understand what this means?  
I am bullish, very bullish.

To me, it means that Monero is eliminating the last few advantages that Zcash has. With RuffCT, Monero's anonymity will be on par with Zcash, without any trusted setup, and without the risk of a centralized corporation that is 100% going to be compromised. No dev tax, no 100%+ yearly inflation, no need for multiple Gigabytes of RAM and minutes of CPU time to send a transaction. No backdoor loving founders/devs.

[cryptimus prime]

To me, it means that Monero is eliminating the last few advantages that Zcash has. With RuffCT, Monero's anonymity will be on par with Zcash, without any trusted setup, and without the risk of a centralized corporation that is 100% going to be compromised. No dev tax, no 100%+ yearly inflation, no need for multiple Gigabytes of RAM and minutes of CPU time to send a transaction. No backdoor loving founders/devs.

I am not a cryptographer but yes that is what I understand too.
This update would be a huge improvement and advantage over Zcash without the trusted setup.

[Hueristic]

Anonymint is obviously shilling for his own coin by dragging all of the competition through the mud. He's been doing it for years. What doesn't make sense is why he thinks attacking others is a more effective use of his time than building his own coin.

Because it's easier to tear down then create. He is self deluding himself that his time is well spent in this en-devour rather than doing the hard work of creating what he's been preaching which is the impossible.

Monero has been outted everywhere now. I'm afraid the future of monero is grim at best. Time to sell.

Please link me to this so called "outted stuff" your spewing about. And don't to technical in you asertations as we're not that bright here.

[kurious]

Anonymint is obviously shilling for his own coin by dragging all of the competition through the mud. He's been doing it for years. What doesn't make sense is why he thinks attacking others is a more effective use of his time than building his own coin.

Because it's easier to tear down then create. He is self deluding himself that his time is well spent in this en-devour rather than doing the hard work of creating what he's been preaching which is the impossible.

Monero has been outted everywhere now. I'm afraid the future of monero is grim at best. Time to sell.

Please link me to this so called "outted stuff" your spewing about. And don't to technical in you asertations as we're not that bright here.

I see what you did there.  Of course investing in XMR since it was 25c a pop means we are a little less intelligent and we just got lucky it rose over 2500% in 2016 and is set for massive DNM adoption, Soon™

I hope someone can help us with our inability to find the BEST COIN there is...

Meh...  Who on earth wants financial privacy anyway?

TLDR?

Monero: Crouching tiger, hidden dragon.  Privacy is precious.

[dEBRUYNE]

Nobody is discussing the dev meeting notes from today?

Tim Ruffing has offered suggestions on improving Monero by using sublinear ring signatures + CT.
Knacc is going through the information and writing a Java implementation.
RuffCT GREATLY expands the ring signature sizes (100k+). "with a set-up like this, there should be no good reason to not simply sign every transaction with the top half of the blockchain every time"
<surae> "in a certain sense, this is like an alien came down and gifted us faster than light travel."

Do you guys understand what this means?  
I am bullish, very bullish.

The author has clarified some stuff here:

https://www.reddit.com/r/Monero/comments/6uxx90/20170820_monero_dev_meeting_summary_and_logs/dlwbky9/

Dev logs:

https://monerobase.com/wiki/DevMeeting_2017-08-20

[kurious]

Boom!

Love to start the day with green candles....  Hello Monero, enjoyed your holiday?

[explorer]

Boom!

Love to start the day with green candles....  Hello Monero, enjoyed your holiday?

Ha!  just about to go to bed, thought I'd have a peek, and it looks like action has returned to the xmr markets.  Nice.

[CryptoPH]

XMR/USD going for the $1,000,000,000 market cap.

[cryptimus prime]

With this RuffCT update XMR would indeed beat Zcash finally. Market is reacting positive, rumours around Bithumb again. Does anybody have a link to that?

[NeuroticFish]

Boom!

Love to start the day with green candles....  Hello Monero, enjoyed your holiday?

Impressive week-end!
I'm curious now if this trend will continue or we'll see a correction, especially when America will wake up.
I wouldn't mind though to see it grow to 0.02 and beyond

[kurious]

Boom!

Love to start the day with green candles....  Hello Monero, enjoyed your holiday?

Impressive week-end!
I'm curious now if this trend will continue or we'll see a correction, especially when America will wake up.
I wouldn't mind though to see it grow to 0.02 and beyond

Yeah... that would be... OK