[XMR] Monero Speculation

[johnsmithx]

https://www.coindesk.com/edward-snowden-zcash-is-most-interesting-bitcoin-alternative/

"Asked for his thoughts on monero, a competing private currency, Snowden said it was "amateur crypto" and pointed to traceability issues within the tech.

Snowden said that such design errors could put fellow whistleblowers at risk, stating: "Mistakes happen and have huge consequences for people like me.""

I'm not up-to-date recently about Monero dev, which mistake is he referring to?

Snowden makes a comment about zcash and zecbtc jumps 50% up. If he bought zcash before his comment and then sold it at the top he might have made some serious money.

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[ol92]

https://www.coindesk.com/edward-snowden-zcash-is-most-interesting-bitcoin-alternative/

"Asked for his thoughts on monero, a competing private currency, Snowden said it was "amateur crypto" and pointed to traceability issues within the tech.

Snowden said that such design errors could put fellow whistleblowers at risk, stating: "Mistakes happen and have huge consequences for people like me.""

I'm not up-to-date recently about Monero dev, which mistake is he referring to?

Unfortunately he's not up to date either. He is referring to traceability issues that were squashed over a year ago.  Its actually FUD started by the coin he supports.

I think you're saying right. There is no traceability issue on monero now and this guys is kinda spreading fud about monero. I don't know his purpose, but he might be working for another competitor project.

I think the reasoning of snowden is : if such a flaw have occured in the past, even if corrected later, it is a sign of lack of profesionalism.

But the problem with this reasoning is that it is rather probable to discover flaws with every new technlogy/crypto.
There is significant risk that some kind of vulnerability may be discovered for zcash too (excluding the problem of trusted setup).

 By the same standard, linux may be considered an amateur OS, as any others...

[aminorex]

It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in.  0178 would be a gift from heaven, 50% off the high....  More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...

That was quicker than I thought. Personally, I am a buyer from here down.  I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed.  (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)

[Febo]

I think the reasoning of snowden is : if such a flaw have occured in the past, even if corrected later, it is a sign of lack of profesionalism.

There was no flaw. That is how it was set form start. Everyone using Monero at that time knew what they were using. Mostly were miners mining.  
Saying this is a flaw is same as to buy electric car and then go to gas station and claim there is a flaw in your car because you cant fill it with gas.

Monero will evolve constantly. There is zero % chance that any lock will never be unlocked. zero. Monero will keep add more and better things to help against tractability. And block chain anslysists will keep trying to break everything Monero will add. It will be an endless fight. The point here is that Monero keeps upper hand.

There is lack of Snowdens professionalism to talk about things he never really fully read about it.

[Globb0]

Everyone using Monero at that time knew what they were using.

This I just put the same somewhere else.

FUDders come along after the fact and change the past with their mind warp

[CryptoPH]

I think the reasoning of snowden is : if such a flaw have occured in the past, even if corrected later, it is a sign of lack of profesionalism.

There was no flaw. That is how it was set form start. Everyone using Monero at that time knew what they were using. Mostly were miners mining.  
Saying this is a flaw is same as to buy electric car and then go to gas station and claim there is a flaw in your car because you cant fill it with gas.

Monero will evolve constantly. There is zero % chance that any lock will never be unlocked. zero. Monero will keep add more and better things to help against tractability. And block chain anslysists will keep trying to break everything Monero will add. It will be an endless fight. The point here is that Monero keeps upper hand.

There is lack of Snowdens professionalism to talk about thinks he never really fully read about it.

Ok, I got it! It is like a known feature or parameter and not really an unknown bug or error. 

[johnalan]

It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in.  0178 would be a gift from heaven, 50% off the high....  More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...

That was quicker than I thought. Personally, I am a buyer from here down.  I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed.  (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)

Indeed, I was utterly convinced that we were going to see a continued upward correction to 0.05, not a slow bleed to <0.022. Shocking stuff, given the prowess of this currency.

[gembitz]

It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in.  0178 would be a gift from heaven, 50% off the high....  More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...

That was quicker than I thought. Personally, I am a buyer from here down.  I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed.  (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)

\\\\\v\\\\\ CBS websites are mining XMR? lol!

http://cfd.net.au/article/two-cbs-websites-contained-code-mine-monero-thu-09282017-0229.html

[ol92]

I think the reasoning of snowden is : if such a flaw have occured in the past, even if corrected later, it is a sign of lack of profesionalism.

There was no flaw. That is how it was set form start. Everyone using Monero at that time knew what they were using. Mostly were miners mining.  
Saying this is a flaw is same as to buy electric car and then go to gas station and claim there is a flaw in your car because you cant fill it with gas.

Monero will evolve constantly. There is zero % chance that any lock will never be unlocked. zero. Monero will keep add more and better things to help against tractability. And block chain anslysists will keep trying to break everything Monero will add. It will be an endless fight. The point here is that Monero keeps upper hand.

There is lack of Snowdens professionalism to talk about things he never really fully read about it.

I don't think many users were aware that transparent transactions may compromise the privacy of their non mixins ones. In this sense, this may be call a sort of  flaw. But I agree with you reasoning on the whole.

And I find the endorsement by snowden of zcash rather amateurish or suspicious.

[explorer]

It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in.  0178 would be a gift from heaven, 50% off the high....  More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...

That was quicker than I thought. Personally, I am a buyer from here down.  I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed.  (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)

Indeed, I was utterly convinced that we were going to see a continued upward correction to 0.05, not a slow bleed to <0.022. Shocking stuff, given the prowess of this currency.

   That filled my last bid set at the end of August.  Don't mind resuming proper price growth from here    Markets will be pushed where those with the resources choose to push them, however I didn't expect a drop much beyond here (0.022) because the high wasn't a huge jump up from the ATH, which we have been testing for months. A deeper retrace from 0.07+ would surprise me less...

[explorer]

I think the reasoning of snowden is : if such a flaw have occured in the past, even if corrected later, it is a sign of lack of profesionalism.

There was no flaw. That is how it was set form start. Everyone using Monero at that time knew what they were using. Mostly were miners mining.  
Saying this is a flaw is same as to buy electric car and then go to gas station and claim there is a flaw in your car because you cant fill it with gas.

Monero will evolve constantly. There is zero % chance that any lock will never be unlocked. zero. Monero will keep add more and better things to help against tractability. And block chain anslysists will keep trying to break everything Monero will add. It will be an endless fight. The point here is that Monero keeps upper hand.

There is lack of Snowdens professionalism to talk about things he never really fully read about it.

I don't think many users were aware that transparent transactions may compromise the privacy of their non mixins ones. In this sense, this may be call a sort of  flaw. But I agree with you reasoning on the whole.

And I find the endorsement by snowden of zcash rather amateurish or suspicious.

Public endorsement of Corporate Cash is most likely being paid for.  Clearly is isn't the result of careful research... Or research at all.

[KeyJockey]

Snowden coming out against Monero in favor of ZCash is, to me, just one more nudge towards his whole situation being a "controlled opposition psy-op" entirely from the get-go

It's a shame, really... philosophically/politically I'd prefer to believe that he's the real deal.

But unfortunately that's been looking more and more unlikely as time goes on, the more he opens his mouth...

[johnalan]

It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in.  0178 would be a gift from heaven, 50% off the high....  More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...

That was quicker than I thought. Personally, I am a buyer from here down.  I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed.  (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)

Indeed, I was utterly convinced that we were going to see a continued upward correction to 0.05, not a slow bleed to <0.022. Shocking stuff, given the prowess of this currency.

   That filled my last bid set at the end of August.  Don't mind resuming proper price growth from here    Markets will be pushed where those with the resources choose to push them, however I didn't expect a drop much beyond here (0.022) because the high wasn't a huge jump up from the ATH, which we have been testing for months. A deeper retrace from 0.07+ would surprise me less...

Short term (1-2 month) estimates on price my friend?

[garytheasshole]

Snowden coming out against Monero in favor of ZCash is, to me, just one more nudge towards his whole situation being a "controlled opposition psy-op" entirely from the get-go

It's a shame, really... philosophically/politically I'd prefer to believe that he's the real deal.

But unfortunately that's been looking more and more unlikely as time goes on, the more he opens his mouth...

Yeah I'm with you, I'd like to think he was just put on the spot and didn't have enough time to give an educated answer.

[explorer]

It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in.  0178 would be a gift from heaven, 50% off the high....  More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...

That was quicker than I thought. Personally, I am a buyer from here down.  I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed.  (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)

Indeed, I was utterly convinced that we were going to see a continued upward correction to 0.05, not a slow bleed to <0.022. Shocking stuff, given the prowess of this currency.

   That filled my last bid set at the end of August.  Don't mind resuming proper price growth from here    Markets will be pushed where those with the resources choose to push them, however I didn't expect a drop much beyond here (0.022) because the high wasn't a huge jump up from the ATH, which we have been testing for months. A deeper retrace from 0.07+ would surprise me less...

Short term (1-2 month) estimates on price my friend?

I have hopes, not estimates - Generally irrelevant in the real world.  That and 1-2 months is too short for me to even focus on.  I'm content with constant developmental progress and good news.   Bullish as fuck seems a fair description for the future.

[DonYo]

https://www.coindesk.com/edward-snowden-zcash-is-most-interesting-bitcoin-alternative/

That can be easily answered with this

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company, the for-profit entity supporting zcash's development.

[Moon_Man]

I wonder how much they paid snowden to shill zcash  

[aminorex]

https://www.coindesk.com/edward-snowden-zcash-is-most-interesting-bitcoin-alternative/

"Asked for his thoughts on monero, a competing private currency, Snowden said it was "amateur crypto" and pointed to traceability issues within the tech.

Snowden said that such design errors could put fellow whistleblowers at risk, stating: "Mistakes happen and have huge consequences for people like me.""

I'm not up-to-date recently about Monero dev, which mistake is he referring to?

ZEC principals produced and widely disseminated a paper which demonstrated that a large proportion of chain transactions from earlier revisions of the software could be linked and traced.  Their analysis was disingenuous in that it did not pertain to the current software.

To call a revision incorporating mandatory RingCT 2 "amateur" is to highly esteem amateur work, and also extends "amateur" to include the work of many mathematical and cryptographic software professionals.

Anyhow, all respectable crypto is amateur.  Professional crypto - RSA, anyone? - is uniformly backdoored AFAICT, while reliable crypto such as GPG and XMR is community-driven open source software, subjected to extensive peer review.  Given the public statements of Green and Wilcox that ZEC can be backdoored responsive to a subpeona and the corporate single point of governance failure embodied in ZEC, as well as the historical facts that Alphabay was taken down 5 days after implementing ZEC and that the Alphabay ZEC was traced (while the XMR was not) I cannot imagine how anyone aware of facts on the ground could risk themselves to ZEC, not when the situation is serious.

[KeyJockey]

Anyhow, all respectable crypto is amateur.  Professional crypto - RSA, anyone? - is uniformly backdoored AFAICT, while reliable crypto such as GPG and XMR is community-driven open source software, subjected to extensive peer review...

Very good point... so, perhaps we can instead consider that Snowden's comment was actually a compliment to Monero, only intended for those with "the ears to hear" correctly  

Spooks never come out and just SAY something directly, right?  It's always a goddamn riddle, wrapped in a mystery, inside an enigma with these jokers 

[garytheasshole]

Snowden is there to acclimatize and lead the sheep to the slaughter house, he didn't told us anything we didn't already know and is actively supporting backdoored crypto (Zcash) and mocking legitimate ones (Monero).

https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know

Zcash backdoored? Any far fetched theories or hints to support that claim? Or just angry at their PR strategy?