[XMR] Monero Speculation

[garytheasshole]

https://cryptofundamental.com/are-webminers-the-microtransaction-dream-realized-bd0e472ea7b0

I think we've got a killer app on our hands, this will disrupt so many aspects of the web from ads to captchas. It will be pretty ironic that Monero will accomplish mass adoption by these means when shitcoins like ethereum tried everything with their smart contracts and it was Monero and the vilified PoW that made mainstream with solid utility.

I think this is hinting at something much deeper here. Something far more profound. Yea yea monetizing websites without add blocker. Don't get me wrong that is cool. But did he just say practical micro-payments!? By doing proof of work for the benefit of someone else you can send small amounts of value to anyone you want for any reason you want for ~0 transaction cost. The scope of this surely must be greater than the article alludes to.

It's far from ~0 transaction cost, they skim 30% of the hashes.

I'm talking about a grander scope and you are drilling down on one specific implementation of the idea by one specific firm. Kind of going in the opposite direction of what I had in mind there.

Well excuse me to burst your bubble, what grander scope implementation are you talking about? Oh wait you're just dreaming. You think it's easy and cheap to distribute work tasks across millions of clients and take a beating from millions of hashes submitted each second?

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[Anon136]

https://cryptofundamental.com/are-webminers-the-microtransaction-dream-realized-bd0e472ea7b0

I think we've got a killer app on our hands, this will disrupt so many aspects of the web from ads to captchas. It will be pretty ironic that Monero will accomplish mass adoption by these means when shitcoins like ethereum tried everything with their smart contracts and it was Monero and the vilified PoW that made mainstream with solid utility.

I think this is hinting at something much deeper here. Something far more profound. Yea yea monetizing websites without add blocker. Don't get me wrong that is cool. But did he just say practical micro-payments!? By doing proof of work for the benefit of someone else you can send small amounts of value to anyone you want for any reason you want for ~0 transaction cost. The scope of this surely must be greater than the article alludes to.

It's far from ~0 transaction cost, they skim 30% of the hashes.

I'm talking about a grander scope and you are drilling down on one specific implementation of the idea by one specific firm. Kind of going in the opposite direction of what I had in mind there.

Well excuse me to burst your bubble, what grander scope implementation are you talking about? Oh wait you're just dreaming. You think it's easy and cheap to distribute work tasks across millions of clients and take a beating from millions of hashes submitted each second?

Ok fine. Not 0 transaction cost. But perhaps still much more reasonable than the price of a winning bid for space on a blockchain. So the greater point potentially remains valid.

[smooth]

Well excuse me to burst your bubble, what grander scope implementation are you talking about? Oh wait you're just dreaming. You think it's easy and cheap to distribute work tasks across millions of clients and take a beating from millions of hashes submitted each second?

You're contradicting yourself. Earlier you ridiculed calling it 'fair payouts' and now you are telling us (correctly) that there are significant costs to provide this service.

There aren't any real barriers to entry here. If someone can offer a better deal to web hosts looking to monetize, they will.

[garytheasshole]

Well excuse me to burst your bubble, what grander scope implementation are you talking about? Oh wait you're just dreaming. You think it's easy and cheap to distribute work tasks across millions of clients and take a beating from millions of hashes submitted each second?

You're contradicting yourself. Earlier you ridiculed calling it 'fair payouts' and now you are telling us (correctly) that there are significant costs to provide this service.

There aren't any real barriers to entry here. If someone can offer a better deal to web hosts looking to monetize, they will.

I'm not, actual stratum pools manage just fine with 1-3% fee on average. 30% is daylight robbery, you're right thought, everyone is free to offer an alternative.

[Anon136]

Well excuse me to burst your bubble, what grander scope implementation are you talking about? Oh wait you're just dreaming. You think it's easy and cheap to distribute work tasks across millions of clients and take a beating from millions of hashes submitted each second?

I'm not, actual stratum pools manage just fine with 1-3% fee on average.

Not sure how you reconcile these two posts. Did you really think 1-3% would burst my bubble? You seem disingenuous.

[garytheasshole]

Well excuse me to burst your bubble, what grander scope implementation are you talking about? Oh wait you're just dreaming. You think it's easy and cheap to distribute work tasks across millions of clients and take a beating from millions of hashes submitted each second?

I'm not, actual stratum pools manage just fine with 1-3% fee on average.

Not sure how you reconcile these two posts. Did you really think 1-3% would burst my bubble? You seem disingenuous.

I wasn't responding to you. If I was I would have quoted you, like now, now I am responding to you, that I wasn't responding to you. I hope I made myself clear.

What have I said wrong? That these transactions aren't free, and that 30% is fucking ridiculous for a transaction? What's wrong with you people?

[LennyCarl]

Well excuse me to burst your bubble, what grander scope implementation are you talking about? Oh wait you're just dreaming. You think it's easy and cheap to distribute work tasks across millions of clients and take a beating from millions of hashes submitted each second?

I'm not, actual stratum pools manage just fine with 1-3% fee on average.

Not sure how you reconcile these two posts. Did you really think 1-3% would burst my bubble? You seem disingenuous.

I wasn't responding to you. If I was I would have quoted you, like now, now I am responding to you, that I wasn't responding to you. I hope I made myself clear.

What have I said wrong? That these transactions aren't free, and that 30% is fucking ridiculous for a transaction? What's wrong with you people?

LOL, OK I'll bite. We're still wondering why you're not glossed "garytheniceguy". 

[Hueristic]

https://cryptofundamental.com/are-webminers-the-microtransaction-dream-realized-bd0e472ea7b0

I think we've got a killer app on our hands, this will disrupt so many aspects of the web from ads to captchas. It will be pretty ironic that Monero will accomplish mass adoption by these means when shitcoins like ethereum tried everything with their smart contracts and it was Monero and the vilified PoW that made mainstream with solid utility.

Yeah, it's quit amusing, Lol

Indeed a very interesting development, I would definitely enable it on certain websites in exchange for no ads (I currently block all ads even on websites I support because of the possibility of malware and a general aversion against advertising).

X2

There are already specific plugins for Chrome (No Coin) and Firefox (CoinBlock 1.0) to block coin-hive. The adblockers will soon also block the js coin miners by default. Don't really see coin-hive having much traction long term consumers will not stand for it.

Most people don't monitor their CPU usage.

I find it hilarious they captioned this "Fair payouts"

Well It's a little high for a mining pool, but I'm sure those running this will figure out how to use other pools.

This is a good idea. getmonero.org could have a page on the site where people can choose to mine for a while for a certain charity.  It would be a really good marketing stunt 

getmonero.org should be setup to do this.

[cryptimus prime]

This is a good idea. getmonero.org could have a page on the site where people can choose to mine for a while for a certain charity.  It would be a really good marketing stunt 

getmonero.org should be setup to do this.

It is an amazing idea.
We could choose also some marketing active charities and inform them about it. It would improve the XMR image.

Also donations to the development fund could be done on this way.

[M0N3YMAGNET]

Monero is a major coin. Absolutely not fucking around 1 Bit. Sleeping giant. Kaboom.

[elrippos friend]

I say 0,06125 by December 18.2017 

Pfft, you gotta be a bit more ridiculous with your speculation like people in this thread.

Like 0.07 by the end of september (10 days!)

Its all fun and games for the bears until Monero goes up violently and never comes back.

We're still watching it, I regret for not buying more Monero 2 months ago. The price went up dramatically. As the target, 0.1 btc will be realistic target for next one year.

Kaboooommmm in the second half of December 2018 

[Anon136]

LOL, OK I'll bite. We're still wondering why you're not glossed "garytheniceguy".  

Or "garythesmartguy".

Also. Isn't it nice that according to his own rules he has no right to respond to this. If he were to respond to it than he would be admitting that his last comment was moronic and if he doesn't respond to it than hes letting my snide remark slide with no consequence! What an amazing trap he has laid for himself.

[Globb0]

Exactly, its not a stealth thing. Imagine everyone on trading view gets free full access, in the background it uses 20% CPU for a while as you read and view charts.


Sounds like a win win.


This charity web miner idea I also really like. Quite tempting to set that up and let monerians vote on the charity each few months.

There are already specific plugins for Chrome (No Coin) and Firefox (CoinBlock 1.0) to block coin-hive. The adblockers will soon also block the js coin miners by default. Don't really see coin-hive having much traction long term consumers will not stand for it.

That's irrelevant, you give incentive to people to want to javascript mine, for premium access time, game items, whatever. It's for websites with large userbase. You don't stealth mine in background like a fucking asshole raping their cpus and wasting their power while they have no idea what is going on.

And it is working pr0gramm.com users mined 5k usd worth of monero in just a week.

[zakalwe]

I don't use Deep Web so can you guys please tell me is Monero actually the most used crpytocurrency there? Which other altcoins are anonymous enough, is there any real competition against Monero?

[garytheasshole]

LOL, OK I'll bite. We're still wondering why you're not glossed "garytheniceguy".  

Or "garythesmartguy".

Also. Isn't it nice that according to his own rules he has no right to respond to this. If he were to respond to it than he would be admitting that his last comment was moronic and if he doesn't respond to it than hes letting my snide remark slide with no consequence! What an amazing trap he has laid for himself.

Oh you're still here? Why haven't you started on your grand implementation where transactions are paid with fluffy ponies or dingleberries?

[generalizethis]

I don't use Deep Web so can you guys please tell me is Monero actually the most used crpytocurrency there? Which other altcoins are anonymous enough, is there any real competition against Monero?

"Anonymous enough" isn't a thing. You have degrees to security and Monero is the highest degree. If you can trust your security to one of the lower degrees, either you don't need privacy (and can just use Bitcoin or whatever) or don't understand why you need privacy.

[aminorex]

Right now I would guess that DHL is the lion's share of the darknet economy, and as I haven't been invited, I don't think I can see what is going on there.  Can we get a report from inside please?

My suspicion is that XMR is a small minority of darknet xns, BTC being the bulk still, but that this will change when a new open-to-the-public DNM takes the lead.  eMule, Kad, BitTorrent dominate over DirectConnect, for example. DHL will not lead for long, and with Cazes dangling by his neck in Bangkok, I think that coming leader will use XMR exclusively, p > 90%, to avoid a similar fate.

The big gains in XMR are yet to come.  Not so sure the same can be said for BTC or ETH.  Whether they first come from Evergreen or from DNMs, I will not concern myself.  As Jesse Livermore noted: You don't get paid to trade; you get paid to wait.

Rising difficulties always have the effect of upward price pressure, since the marginal miner is forced to hold out for higher prices, to remain profitable.  Pricing equilibria are determined at the margins.  

Current pricing seems fair to Fisher's law, but discounts the upside speculation far more than could be called rational, presumably because the tarnish affecting ICOs after bubble phenomena like FileCoin is creating a short-term contraction of the whole crypto sector.  But that won't last long.  The sector is much more diverse now, and the time preferences of the players are longer on average.  Duration is being bid. That means the dip will be much shallower and shorter than, e.g. the post-Gox debacle.

As regards taking a flyer on a whitepaper, the false positive rate is a deal-killer right now: Too many pikers chasing too few punts.  I would keep my punt in XMR.  

P.S. the secular gold bull, dollar bear is looming again.

[KeyJockey]

"Anonymous enough" isn't a thing. You have degrees to security and Monero is the highest degree. If you can trust your security to one of the lower degrees, either you don't need privacy (and can just use Bitcoin or whatever) or don't understand why you need privacy.

Well said.

"Anonymous Enough" = "A Little Bit Pregnant"   

[bazar111]

Monero is not so annonymous as many people think

[cAPSLOCK]

Monero is not so annonymous as many people think

Prove it.