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Author Topic: [XMR] Monero Speculation  (Read 3202040 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 2 users deleted.)
explorer
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February 13, 2018, 11:06:19 PM
 #36761

Just to be clear, with this hard fork and all, there is no problem with the Monero anonymity ? Because this is what makes Monero so special, anonymity... is this a reason to sell, this coming hard fork? I guess not, I don’t want to sell! But I am Having trouble understanding the whole coming situation

No it is just a regular, scheduled upgrade of protocol.
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February 13, 2018, 11:09:44 PM
 #36762

Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Will this protocol change affects botnets mining? And if it affects that, does it means hashing power will dive at least for some time around fork period?

Will there be a chance of a chain split because these "70% unknown" hash power comes from botnets and that they might not just switch the software version promptly, leaving and old "ghost" chain burning power and taking some unaware souls?

It is meant to prevent ASIC miners. There was speculations that someoen build ASIC miner so if that is the case then mining hash power should reduce. I think there is little chances for that. Also if that is the case, those that have ASIC miners will now start an offensive against this change. Since with this change will lose their advantage.

No one can tell how many hash power comes from bootnets. Can be 99%. Botnets operators can easily join any pool. So as any miner can mine solo or on private pool. On that pie 70% was marked as unknown only because maker of that pie know names of pools that do only 30% of hashpower . If he would do homework a bit better could easily add few % more.  Saying "because these "70% unknown" hash power comes from botnets" is simply wrong.

Ok, but you answered none of my points... I actually want to know if it will impact on botnet mining (not if it was target for that). And also, I agree that it is not right to say that 70% are indeed botnet, which I didn't. I may have expressed myself bad, but what I meant was: "IF a great part of that 70% unknown hash rate DO comes from botnets and that botnets are mining using old code, will we have any hash power break down upon update?"

I would expect some drop in the hash rate, at least briefly, because there are always pools that don't get their shit together on schedule.  Whether they are named pools, or 'unknown' pools makes no difference.  It's just a matter of who is paying the power bill.
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February 13, 2018, 11:36:55 PM
 #36763

There will be nice days for Monero. There are really good projects. But sometimes good patience is needed for good projects. People are rushing. In this case, it can be harmed.
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February 13, 2018, 11:58:58 PM
 #36764


This is an interesting narrative.  And one I have not proven myself.  I have heard it is more true on asian dark net servers.  But I would think the latest addition of Monero at Dream (I think?) would fly in the face of this a little.  Dark net vendors are getting more savvy little by little.

Litecoin has historically been best positioned to absorb spillover from obsolete use cases excluded by Bitcoin's rise to power.  When Bitcoin was too slow for Bitpay to work (Xmas shopping season) I used Litecoin instead because it was the only option I wouldn't feel dirty touching (ETH? Nope.  Bcash? LOL git rekt.  Dash? Oh Hell naw!).  Cheesy

Despite my disdain for Vitalik's Bailout Fork, ETH has inserted/cemented itself into the primary spillover capture role ahead of Litecoin, but I expect LTC to make a comeback due to Lightning, cross-chain atomic swaps, and greater reliability/fungibility/decentralization proving its superior long-term fundamentals.

It's good for Monero that Litecoin is helping us break up the Bitcoin/Ethereum duopoly.  Once a market relents from its Bitcoin maximalist supremacist monopolist (or 'Muh Flippening') paradigm there is no more protectionism and every coin must compete for users based on its own merits.  That means cheap tx fees, quick confirms, low withdrawals fees, and extra features such as privacy.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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February 14, 2018, 12:59:16 PM
 #36765


This is an interesting narrative.  And one I have not proven myself.  I have heard it is more true on asian dark net servers.  But I would think the latest addition of Monero at Dream (I think?) would fly in the face of this a little.  Dark net vendors are getting more savvy little by little.


Don't know about you lot but I like to keep tabs on sentiment on DNM forums in relation to crypto of choice.

I can tell you Monero is lightyears ahead in terms of mindshare on each forum I peruse.
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February 14, 2018, 01:17:29 PM
 #36766

Is there a list of exchanges that will be accepting moneroV? Not that I agree with the project, but I would love to sell them and buy more monero  Smiley
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February 14, 2018, 01:21:17 PM
Merited by DaveyJones (5), explorer (2), Hueristic (1)
 #36767

Is there a list of exchanges that will be accepting moneroV? Not that I agree with the project, but I would love to sell them and buy more monero  Smiley

MoneroV is a premined scam. Their claim that it has a finite supply (and all their supporters get excited about) is so fucking stupid.

In the year 2100 there will still be 8x more MoneroV than XMR.

IN 3500 (1482 years from now) there will STILL be more MoneroV. 🤦‍♂️

I despise money grabs like this.

Anyone who claims MoneroV should be fucking ashamed of themselves. End of fucking story.

Additionally, if you reuse your private keys in their shitware you are compromising your (and others) privacy by weakening ringsigs.

It's a disgusting "project", which I vehemently despise.


I'm interested to see the hash rate. Maybe it's gonna be weak enough to exploit, I sure hope so.

Anyone who claims MoneroV is essentially handing 6% of their money to their 'development' gang.
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February 14, 2018, 01:23:52 PM
 #36768

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l
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February 14, 2018, 01:52:52 PM
Merited by explorer (2)
 #36769

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.
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February 14, 2018, 02:12:41 PM
Merited by Hueristic (1)
 #36770

It's not a Monero ASIC, but if they can do it for ethash...

https://bitcointalk.org/index.php?topic=2932282.0
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February 14, 2018, 04:18:10 PM
Merited by johnalan (2)
 #36771

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.

Giving them your keys affects overall privacy, and your own past transactional privacy, if I have it right.  Just ignore it.
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February 14, 2018, 04:27:30 PM
 #36772

My main fear with Monero is that the government just bans exchanges from listing Monero. Sure you can use it, but there will be almost no place where you can exchange it for fiat (except meeting in a shady alley with a hooded guy bringing cash for your Moneros  Grin).
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February 14, 2018, 04:32:18 PM
 #36773

My main fear with Monero is that the government just bans exchanges from listing Monero. Sure you can use it, but there will be almost no place where you can exchange it for fiat (except meeting in a shady alley with a hooded guy bringing cash for your Moneros  Grin).

Streisand effect.

Not going to happen anyway.
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February 14, 2018, 05:35:30 PM
 #36774

My main fear with Monero is that the government just bans exchanges from listing Monero. Sure you can use it, but there will be almost no place where you can exchange it for fiat (except meeting in a shady alley with a hooded guy bringing cash for your Moneros  Grin).

Sooner or latter we will use only decentralized exchanges.  Atomic swaps will happen cross blockchains so from one coin to another so that will basically be an decentralized exchange.

I am not saying that sudden BAN from all 180 countries that happen tomorrow would not hit Monero adoption.  But this will for sure not happen. And even if it happen would have no big impact in years to come. Most likely a positive advertisement same as it had on Bitcoin in 2011 and latter.

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Billy Bunter
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February 14, 2018, 05:58:37 PM
 #36775

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.

Giving them your keys affects overall privacy, and your own past transactional privacy, if I have it right.  Just ignore it.

Whether you give them your keys or not doesn't matter. As I understand it, anyone who owns Monero and then transacts on the MoneroV chain, imperils everyone's privacy.

See here and read down:

https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/

Baguette Holder.
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February 14, 2018, 06:54:42 PM
 #36776

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.

Giving them your keys affects overall privacy, and your own past transactional privacy, if I have it right.  Just ignore it.

Whether you give them your keys or not doesn't matter. As I understand it, anyone who owns Monero and then transacts on the MoneroV chain, imperils everyone's privacy.

See here and read down:

https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/


So suppose few people dump it. This boosts the price up and makes these clowns look serious. Roll Eyes Great.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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February 14, 2018, 07:45:55 PM
 #36777

now we see a exciting and huge increase in ethereum classic because of the upcoming fork in the beginning of May. We will see a similar increase in Monero because Monero will have a fork named MoneroV in the middle of March. All should accummulate some Monero before getting late for price soaring soon

sorry already ATH or close
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February 14, 2018, 08:07:16 PM
 #36778

Just to be clear, with this hard fork and all, there is no problem with the Monero anonymity ? Because this is what makes Monero so special, anonymity... is this a reason to sell, this coming hard fork? I guess not, I don’t want to sell! But I am Having trouble understanding the whole coming situation
It's a scheduled update that happens every 6 months. Calling it a hard fork is to scare n00bs away and lower the price for those in the know and for people to fud by saying shit like "Oh no is it broke".

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February 14, 2018, 09:00:13 PM
 #36779

So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.

Giving them your keys affects overall privacy, and your own past transactional privacy, if I have it right.  Just ignore it.

Whether you give them your keys or not doesn't matter. As I understand it, anyone who owns Monero and then transacts on the MoneroV chain, imperils everyone's privacy.

See here and read down:

https://www.reddit.com/r/Monero/comments/7x297t/careful_with_monero_forks_with_airdrops/du537ij/


So suppose few people dump it. This boosts the price up and makes these clowns look serious. Roll Eyes Great.

I hope they find a solution for this fork. I hope the dumping of MoneroV has not to big of a negative affect on privacy Monero. Because that’s what Monero is all about...
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February 14, 2018, 10:13:12 PM
 #36780

What if someone forks Monero then breaks security, does it reveal all?


Black spirits tryin' hard to bribe you with gold
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