[XMR] Monero Speculation

[Shnikes101]

Yes just like BCH you are going to end up with a pile of the stuff. But you wont be able to spend it without compromising your privacy. They don't seem to care about this problem either. They seem to just be pretending like it doesn't exist and ignoring anyone who points it out to them. It's almost like they don't really care about building a solid project and instead are looking for a quick cash grab that doesn't really require any work on their part...

It did pump the price. Then they delayed it by a couple of months right before the air drop was supposed to happen and that's when the price fell.

I understand revealing the IP is the only concern here. So why not use Tor in the process? Like :
1- you move your coins from XMR wallet A to XMR wallet B
2- you never use XMR wallet A anymore
3- you connect to a new XMV wallet through Tor and claim your XMR using the private key of XMR wallet A
4- you shapeshift your XMV to XMR wallet B through Tor

Or am I missing something?

Revealing your IP is not the main concern.

It's an on chain fork that requires you to give them your private keys to claim your shit drop. Giving anyone your private keys is a no no but in this case it actually damages the privacy of both networks. Crazy.

Serhack's article is probably my favorite so far.

https://serhack.me/articles/introduction-to-monerov-and-its-inherent-risks

[1713561156]

1713561156

[1713561156]

1713561156

[1713561156]

1713561156

[1713561156]

1713561156

[1713561156]

1713561156

[Gaben.]

...so let me get this right.

The biggest claim with regards to monerov being a scam are that they are having people enter their private key in a closed source wallet?

Correct me if I'm wrong what what's the harm in waiting for an open source one?

Also, being given the option to sell/monetize personal transaction histories at will en masse seems like a major opportunity I would think?

[spirali]

Like this?

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

yes, I read it a few days ago but I was just wondering if there was another announcement now that Baikal and Bitmain confirmed they have ASICS for cryptonight (it was only an assumption back in February). I guess the devs will soon publish what they will change in the code (small modification of cryptonight or even switching to another algorithm?) but I don't know where it will be announced. Do you know where it is debated (URL)?

[Shnikes101]

...so let me get this right.

The biggest claim with regards to monerov being a scam are that they are having people enter their private key in a closed source wallet?

Correct me if I'm wrong what what's the harm in waiting for an open source one?

Also, being given the option to sell/monetize personal transaction histories at will en masse seems like a major opportunity I would think?

The biggest concern for Monero is the potential damage of privacy via an on chain fork that requires private key use to claim an airdrop. Private key reuse is a new-ish attack vector on the network.

My guess is that they could care less whether or not its a scam.
However, claims regarding a scam revolve around the unknown team, closed source software, 10x airdrop, >5% premine, questionable claims on finite supply, coin serves a duplicate or unknown purpose and despite being made aware how their on chain fork damages the privacy of both networks they're moving forward.

It will be interesting to see who or if any exchange supports them.

[jwinterm]

...so let me get this right.

The biggest claim with regards to monerov being a scam are that they are having people enter their private key in a closed source wallet?

Correct me if I'm wrong what what's the harm in waiting for an open source one?

Also, being given the option to sell/monetize personal transaction histories at will en masse seems like a major opportunity I would think?

Not that I'm recommending it, but you can attempt to claim your scamcoins with no risk to your own funds using a closed source wallet anyway. Just wait until snapshot date passes, transfer all XMR to new wallet, then import old private keys into closed source wallet that is on a different (unimportant) computer.

Also, unrelated, apparently halong had one too:
https://twitter.com/HalongMining/status/974189005712576512?s=19

[Shnikes101]

Also, unrelated, apparently halong had one too:
https://twitter.com/HalongMining/status/974189005712576512?s=19

Dang, that makes at least 3? Grabbed the below from another thread. Network hash and difficulty will be very interesting to watch later this month.

Monero network hashrate distribution (stats on 8 february)
Roughly 70% of network hashare are on private pools.
Seems to be coinhive, js web miners, compromised pc/cpu instances botnets and Baikal, PinIdea and Bitmain ASICs/FPGAs

[Globb0]

10x airdrop, >5% premine

so extrapolating, 5%*10=50% (it says greater than too  )

a dev pre mine of half the size of monero in total.

[Febo]

10x airdrop, >5% premine

so extrapolating, 5%*10=50% (it says greater than too  )

a dev pre mine of half the size of monero in total.

5.859375% of 256 million is exactly 15 million.  I dont believe there is currently, after 4 years of existence of Monero, more coins with access to it then 15 millions coins.   There should be 800k more coins but I bet number like that was lost in last 4 years from different reasons.

[Globb0]

10x airdrop, >5% premine

so extrapolating, 5%*10=50% (it says greater than too  )

a dev pre mine of half the size of monero in total.

5.859375% of 256 million is exactly 15 million.  I dont believe there is currently, after 4 years of existence of Monero, more coins with access to it then 15 millions coins.   There should be 800k more coins but I bet number like that was lost in last 4 years from different reasons.

I really feel it shines a light on the issue being unlimited supply due to the tail emission.

That seemed a large part of their pitch. Easily debunked it would seem.

[explorer]

...so let me get this right.

The biggest claim with regards to monerov being a scam are that they are having people enter their private key in a closed source wallet?

Correct me if I'm wrong what what's the harm in waiting for an open source one?

Also, being given the option to sell/monetize personal transaction histories at will en masse seems like a major opportunity I would think?

Not that I'm recommending it, but you can attempt to claim your scamcoins with no risk to your own funds using a closed source wallet anyway. Just wait until snapshot date passes, transfer all XMR to new wallet, then import old private keys into closed source wallet that is on a different (unimportant) computer.

Also, unrelated, apparently halong had one too:
https://twitter.com/HalongMining/status/974189005712576512?s=19

You are still handing over your transaction history with those old keys.  No Thanks.

As to their 'unlimited supply' claim,  I think it will take more than a thousand years for XMR to overtake their 'fixed supply'.  I won't care as much by then.

[Whtwabbit]

If the ASIC miners were mining for quick profit they may have consumed a lot of buy pressure the last 6 months by selling as they mined it
If more "holder types" mine Monero after the fork  it could change the price a bit, less than 5 XMR reward for each block now. The asics could have been taking up to half of available mined coins

[lolchina]

If the ASIC miners were mining for quick profit they may have consumed a lot of buy pressure the last 6 months by selling as they mined it
If more "holder types" mine Monero after the fork  it could change the price a bit, less than 5 XMR reward for each block now. The asics could have been taking up to half of available mined coins

Or they hodled their monero with plan to pump it like bitmain did with bitcoin cash and then pasted their bags to others to keep them for long period of time...Really currious to know how many xmr was mined with those asics,anyone did the math already?

[explorer]

If the ASIC miners were mining for quick profit they may have consumed a lot of buy pressure the last 6 months by selling as they mined it
If more "holder types" mine Monero after the fork  it could change the price a bit, less than 5 XMR reward for each block now. The asics could have been taking up to half of available mined coins

<5 XMR and dropping faster.  And faster.  I think a lot (most?) don't understand the XMR emission curve...

[explorer]

If the ASIC miners were mining for quick profit they may have consumed a lot of buy pressure the last 6 months by selling as they mined it
If more "holder types" mine Monero after the fork  it could change the price a bit, less than 5 XMR reward for each block now. The asics could have been taking up to half of available mined coins

Or they hodled their monero with plan to pump it like bitmain did with bitcoin cash and then pasted their bags to others to keep them for long period of time...Really currious to know how many xmr was mined with those asics,anyone did the math already?

Without looking anything up,

100 days x 24 hours x 30 blocks/hr x 5 XMR=360 000

I'm on a boat, with too many distractions, so that may be fucked up...

Damn, there went my last paper wallet overboard!   Now see what you've done!

[lab rat hoax]

Monero is a cryptocurrency who really cares about privacy. I believe in the long term that it will be much more valuable than the present. It's the right time to buy Monero.

[explorer]

Monero is good because people like privacy and privacy is good.  A good coin is private so this is good.

[Anon136]

Monero is good because people like privacy and privacy is good.  A good coin is private so this is good.

[Febo]

A nice picture from the net:

[kurious]

A nice picture from the net:

If that's for real... Then the 2 ledgers I bought waiting for this moment can see some use soon...

Delicious!

[kurious]

Brilliant.
Thanks for all the replies (and friendly PMs too...what a lovely bunch you are!).

So, does this airdrop thing mean I'm suddenly going to have a huge pile of coins appear from nowhere (ala BCH)...I imagine not since this would have pushed demand and the price wouldn't be going south.

Anyway, I'll keep HODLing and try not to get too depressed looking at teh charts.

Hey nano... good to see you back, and yep - keep the faith.  Hope it's not been too chilly up there for you?

Ok - with fears of a crypto winter possibly in force, alts are taking a beating all round, but a shakeout only means the cream will rise.

The airdrop was (temporarily?) pulled - got too much (justified) flak for looking decidedly iffy.  Sure, airdrop junkies probably did push things up and then drag it down, but XMR's fundamentals are as good as ever.  Keep calm and wait - Monero isn't going anywhere but up. 

It's a real coin, no ICO, no dev premine, real community, real use cases and as always... vastly superior tech.  Dash fared far worse, as you will probably have noted - Monero even pipped their market cap a week ago and I am sure will soon do so permanently.

And best of all - the real deal?  True privacy matters - it's precious.  You know it. So IMHO... hodl and be patient.  No one who has been around here for a while is remotely worried, nor should you be.