[XMR] Monero Speculation

[generalizethis]

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?

Zooko flippantly remarks that a backdoor can be added--though I find this less troubling than the number of coins left to be mined, the unverifiable coinbase and the fact there is a CEO in the first place.

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[Nathan047]

Call me crazy, I don't trust Zcash et all: https://bitcointalk.org/index.php?topic=2011221.0

I have always been kind of suspicious of Zcash. Even regardless of the technology I just don’t want to have anything to do with it because of the pump-and-dump nature of it.

Besides, it’s not even open source. If it’s not there’s know way of knowing for sure it’s even safe, especially given the immense speculation that it isn’t.

[Johnny Mnemonic]

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

Cryptocurrency has taught me more about the real world than anything else at this point. It's utterly disgusting what money is capable of buying, and Ed Snowden's endorsement is a perfect example. His "support" of zcash and hilariously well-timed monero fud is 100% bought and paid for. It makes me sick to my stomach.

[Nathan047]

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

Cryptocurrency has taught me more about the real world than anything else at this point. It's utterly disgusting what money is capable of buying, and Ed Snowden's endorsement is a perfect example. His "support" of zcash and hilariously well-timed monero fud is 100% bought and paid for. It makes me sick to my stomach.

I can’t imagine that he has got much in terms of a source of revenue, and he’s well respected in the cyber community; so he would probably be the perfect candidate for bribing to talk good about Zcash.

Perhaps the Zcash developers are looking to pump and dump Zcash again. If so there is an old saying that would go well here: Burn me once shame on you, burn me twice shame on me.

If they are looking to do another pump and dump let's just hope less people fall for it this time.

[Johnny Mnemonic]

If they are looking to do another pump and dump let's just hope less people fall for it this time.

Zcash's biggest enemy is time. They can buy all the endorsements they want, FUD Monero all they want, but Monero will continue to grow and their relevance will continue to dwindle.

Prediction: Monero's price will double in the next two weeks. The growing awareness and use of Coinhive will be the catalyst. I also see a 51% attack risk being a concern with Coinhive in the near future.

[smooth]

Call me crazy, I don't trust Zcash et all: https://bitcointalk.org/index.php?topic=2011221.0

When you get into a situation where you have to decide whether to trust, what is the point? Just trust JP Morgan or something.

IMO Zcash is too complicated, cryptographically too new, too dependent on the correctness and integrity of a trusted setup, and too dominated by a single non-transparent company and cabal of 'founders' controlling 20% of the supply. Everything may be perfectly okay but there is no practical way to verify any of these things and to rely on them is irresponsible.

Then again crypto markets are nothing if not unpredictable and often driven by factors well outside of logic and science.

@JM I'm also intrigued by the rapid success of coinhive. It will be interesting to see how that plays out and I agree there is a possibility they will gain a high share of the hash rate, though doing so would likely spawn imitators. It is also possible it will run into bigger problems with anti-'malware', etc. and that becomes a major barrier to growth or even continued existence (at least, at a significant level of scale). Worth watching.

[KeyJockey]

Prediction: Monero's price will double in the next two weeks. The growing awareness and use of Coinhive will be the catalyst...

Wow, yeah I hope so... that'd be great

I suppose at least the "competition conversation" has evolved 'up' to a slightly better candidate lately, i.e. XMR not being compared to Dash(LOL) as much now the media's moved on, trying to compare to ZCash.

But, only slightly, LOL. 

Srsly both suck for totally different reasons

[pa]

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 

Garden of forking paths. Games within games.

[toddy47]

I think you should always be weary when a company/website/etc, announces someones support for something before that person does. I mean I trust someone coming out and saying "I believe this tech is great" much more than Apple saying "John said our tech was the greatest and believes we will rule the world".

[kurious]

Prediction: Monero's price will double in the next two weeks. The growing awareness and use of Coinhive will be the catalyst...

Wow, yeah I hope so... that'd be great

I suppose at least the "competition conversation" has evolved 'up' to a slightly better candidate lately, i.e. XMR not being compared to Dash(LOL) as much now the media's moved on, trying to compare to ZCash.

But, only slightly, LOL. 

Srsly both suck for totally different reasons

Comparison and imitation is respect.

Monero is now the gold standard, the one to beat. These coins seek to argue they are 'better' than Monero, because they are threatened.  Ergo, we are the leading private (and therefore fungible) crypto.

[KeyJockey]

The growing awareness and use of Coinhive will be the catalyst...

Also wanted to say I finally got around to taking a look at Coinhive tonight, and OMG it was idiot-simple to set up a basic banner-ad type control to offer XMR mining to a website visitor on a simple basic web page.

Took me all of about 15 minutes to read instructions, copy&paste code, test, tweak a bit and upload to a web host... and it appears to work great! Allows the user to start and stop mining and raise or lower the CPU load very easily: really very slick.

Now, bearing in mind I couldn't code my way out of a wet paper bag... LOL if someone like me can use this? Knowing *only* the most basic, simple HTML at all?

This thing really COULD be on track to something HUUUGGE.... 

[19Nov16]

I know monero about a year ago and now I got a lot of profit, many of the issues that say monero will skyrocket at the end of this year, and this is a good opportunity to immediately to invest.

[pönde]

The coinhive.com success will increase the risk of the 51% attack. So why should not we start more of these web-mining services? Mining will be decentralized more and there will be less 51% risk.

The Monero community for sure have ability to do this.

[smooth]

The coinhive.com success will increase the risk of the 51% attack. So why should not we start more of these web-mining services? Mining will be decentralized more and there will be less 51% risk.

The Monero community for sure have ability to do this.

I think there are some people already working on it. I agree it is a good idea to encourage those efforts.

[Dotto]

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, Snowden is 100% a controlled disidence agent. He keeps working for the NSA. Only blind poeple fail to see that since the very beginning

[johnsmithx]

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...

At first he definitely was the real deal. But imagine his situation: he became known and his opinions started to be perceived as something to listen to. Once this happened surely many different forces have been trying to use his voice for their purposes. Maybe he gave in and took the money, maybe they forced him somehow, maybe they tricked and manipulated him and he truly believes what he is saying. Remember he is still just a human, a fugitive, a guest in quite a horrible (human rights wise) country that he basically cannot even leave (nowhere to go). The point is we don't know what's really going on with him and accusing him of bad intentions doesn't seem fair to me.

[pönde]

The coinhive.com success will increase the risk of the 51% attack. So why should not we start more of these web-mining services? Mining will be decentralized more and there will be less 51% risk.

The Monero community for sure have ability to do this.

I think there are some people already working on it. I agree it is a good idea to encourage those efforts.

Hmm... Sounds good. So you think some people are working on, or do you know some are working on it?

And we need many of these webmining services. So that there for sure is as less centralization as possible. And to let the webminingpool fees to go down. Anyway what kind of a hardware/software/maintenance is needed at the webmining service provider side? If money is needed to start this, it will not be a problem. XMR crowd funding will do it in no time.

Yea. Definetely webmining is good for any coin. Specially as long as there is enough webminingpools to keep it decentralized.

[mnemonicsoup]

Is Segwit2X a government/corporate takeover and what could that mean for XMR / the entire cryptospace?

https://www.reddit.com/r/Bitcoin/comments/738b1z/why_segwit2x_would_be_a_government_takeover_of

http://abcnews.go.com/Technology/wireStory/imf-chief-tells-central-bankers-ignore-bitcoin-50176592

Hoping to hear from some of the knowledgable people like aminorex or smooth.

[Cmoh]

Since I invested in Monero in Bittrex the price has gone down and down still now. And I think this trend is continued for last 3 month. Have anybody the idea when the reversal will come?

[garytheasshole]

Since I invested in Monero in Bittrex the price has gone down and down still now. And I think this trend is continued for last 3 month. Have anybody the idea when the reversal will come?

Right, 3 months. https://www.worldcoinindex.com/coin/monero Click on 3m and look at the fucking chart.