[XMR] Monero Speculation

[Anon136]

~snip~
can you provide us the link for this monero miners.? I hope monero V fork has a solution for this .

I don't think moneroV does. But monero monero does. A slight change is going to be made to the mining algorithm that will render these asics useless for mining monero.

Is this announced somewhere? The HYPE and FUD are really strong forces and big part of the crypto miners are like sheep /no offense/ they have no idea what they are doing, only money matters, so I guess many will be fooled around to buy some expensive ASICs door-stoppers.

Sure no problem. A healthy dose of skepticism will go a LONG way towards preserving your wealth in this sector. Here you go. https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

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[infofront]

When the hell can I get my sweet, sweet MoneroV?

[denetci]

Mastercard: “If governments look to create national digital currency we’d be very happy to look at those in a more favorable way. So long as it’s backed by a regulator, it is not anonymous, it is meeting all the regulatory requirements, I think that would be of greater interest for us to explore.
this means they do not want monero, right?
it seems they want btc, Do these guys even know WHY Bitcoin was created in the first place?

[Febo]

Mastercard: “If governments look to create national digital currency we’d be very happy to look at those in a more favorable way. So long as it’s backed by a regulator, it is not anonymous, it is meeting all the regulatory requirements, I think that would be of greater interest for us to explore.
this means they do not want monero, right?
it seems they want btc, Do these guys even know WHY Bitcoin was created in the first place?

“If governments look to create national digital currency..."


Does that sounds like a Bitcoin to you?  It sounds like a Petro to me. But i highly doubt Mastercard will dare to accept Petro.

At and Mastercard and any company, many so much bother with, will do what gives them most profit.

[aminorex]

Not sure if there are any other cryptonote coins that people will buy asic miners for.

Electroneum. It was paying better than XMR, accounted in spot USD, the last time that I checked.

[3x2]

Not sure if there are any other cryptonote coins that people will buy asic miners for.

Electroneum. It was paying better than XMR, iaccounted in spot USD, the last time that  I checked.

How much you can mine a day with ASIC miner? I hear that Electroneum is mobile based and you can mine it using mobile phones so what is the difficulty and ROI??

[aminorex]

... G20 news.

I thought that XMR was way more resilient to regulations. Unfortunately correlation works both ways, up and down

Short-term correlations do not always correlate with long-term correlations.  Crypto is somewhat like the broad equity or bond market, and all varieties correlate with Bitcoin for many immediate impulses, because so much accounting is done with Bitcoin numeraire, just as alpha-seeking is done with reference to a broad index. Within crypto there are sectors, such as contract- focussed or PoS, or various hash algos, for which both psychological and fundamental factors cause increased correlations in their impulse response to some triggering events. But in the long run, the small but persistent fundamental factors drive dispersion, as each stock (or alt) is driven pseudo-randomly by short-term factors of high correlation, but consistently and monotonically by long-term fundamental factors which differentiate it from it's "peers", and do not correlate.

Monero is unlike its "peers" because it has moneyness in spades. A tighter regulatory regime will cause a price shock, but if your time preference is long-term, it will not matter.  The same contraction which drives the price down short-term will only drive the price up in the long run.  The privacy sector will suffer shocks, but they will only serve to expose the fundamental factors which create demand for privacy, and discriminate Monero as the highest quality private currency (in terms of factors that matter:  liquidity, usability, and antifragility).

Gold is a larger, more integrated part of the economy (compared to crypto), moving on scales of decades and centuries.  How successful were Keynes, Roosevelt, Nixon, and Mao in suppressing the price and/or global trade in gold? How successful was the London gold pool?  In the short-term their actions shocked the market.  In the long run, they are history while gold persists, and inexorably rises in price.  Monero is much, much more like gold (but faster) than are it's "peers", which are more like the North Korean Won, or Theranos shares.

In fact, I contend that the crypto which is amenable to surveillance and central control will lose value in the long run, simply because it is surveilled and controlled - and not to your benefit - while the more decentralized and private crypto will experience consistent, persistent demand which inexorably pushes the price up.  A smack-down punch can take the price arbitrarily low, but the inexorable forces of demand will continue.  In fact, even in the near-term, the smacks just cause corresponding spikes later because they encourage speculators to enter.

Surveillance and centralized control serve the surveillor and controller, but privacy serves the users of the currency, and thus the denominated economy.  Hence the free economy will inexorably grow and produce wealth, while the slave economy founders and creates poverty.  We have seen this repeatedly throughout history.  So vivid is this lesson that Will Durant considers it the first and foremost "lesson of history”: There is and endless cycle in alternating ascendance of the forces of accumulation and centralization, on the one hand, and the forces of distribution and liberty on the other.

[fromholland]

Not sure if there are any other cryptonote coins that people will buy asic miners for.

Electroneum. It was paying better than XMR, iaccounted in spot USD, the last time that  I checked.

How much you can mine a day with ASIC miner? I hear that Electroneum is mobile based and you can mine it using mobile phones so what is the difficulty and ROI??

Naaah, the mobile mining is just a simulation. They do reward it with pre-mined Electroneum, but not a lot.
It's more to get new people interested in crypto.

[Hueristic]

Mastercard: “If governments look to create national digital currency we’d be very happy to look at those in a more favorable way. So long as it’s backed by a regulator, it is not anonymous, it is meeting all the regulatory requirements, I think that would be of greater interest for us to explore.
this means they do not want monero, right?
it seems they want btc, Do these guys even know WHY Bitcoin was created in the first place?

“If governments look to create national digital currency..."


Does that sounds like a Bitcoin to you?  It sounds like a Petro to me. But i highly doubt Mastercard will dare to accept Petro.

At and Mastercard and any company, many so much bother with, will do what gives them most profit.

It all comes down to control, this tech has the capability of completely controlling every purchase you ever made. It's scary when it is centralized, it's bad enough they seize your bank account for arbitrary reasons and funds out of it as well and you have to prove they were wrong and not the other way around. I could not believe companies could seize my money out of my bank and I have to sue them to get it back! This fucking country (USA) is insane!

[Febo]

Not sure if there are any other cryptonote coins that people will buy asic miners for.

Electroneum. It was paying better than XMR, iaccounted in spot USD, the last time that  I checked.

How much you can mine a day with ASIC miner? I hear that Electroneum is mobile based and you can mine it using mobile phones so what is the difficulty and ROI??

That mobile mining is not real mining. I mean is not securing the network is more like an airdrop.  They donate coins.  

As I understand, but I am not a miner, difference between making an asic for Monero and electroneum is that you can be quite sure Monero will be here next year.  Also hashing powers are uncomparable.   Yes of course if you have a CPU or GPU is better now mine Electroneum since ASICs mine Monero.

[CarylnBoy]

If you are looking for virtual currencies with high returns, XMR can be a profitable investment option. I believe in the long run it will be worth more than the present, and perhaps this is Monero's main advantage. Its price will increase in late 2018 may be $ 800, to do now you have to wait and hold it.

[cAPSLOCK]

I just asked Bitcoin who it's favourite child was... look who it told me:

[explorer]

I just asked Bitcoin who it's favourite child was... look who it told me:

the adopted one, with no parental similarities, beyond species!  But with children like dash and onion, it is totally understandable. 

[luchins]

XSH  (SHIELD ) gonna  be  good as   monero+ DAG and Quantum resistent, check it out

https://bitcointalk.org/index.php?topic=2234453.0


P.S. I am  a monero early adopter ( when its  price  was at 5 $).

[Big Naturals]

Monero is flying under the radar, and riding on the goodwill towards bitcoin. The regulators are years behind and don't even understand bitcoin yet. By the time the full impact of bitcoin on the economy is known, regulatory regimes are set up, etc. it will be too late to stop Monero. We'll have decentralized exchanges and atomic swaps.

I agree, functioning p2p decentralised exchanges are already here, BarterDEX has successfully done atomic swaps between bitcoin based coins and ethereum, and just recently between bitcoin based and erc20 tokens, that's over 90% of crypto in existence. Once they add XMR atomic swap capabilities it's game over,  regulators will be playing catch up for the next decade, torrents 2.0

Centralised exchanges could all be selling user data like Facebook, or handing over to governments all they wanted, and even if anon crypto is banned people are still free to use. The final piece of the puzzle is one government backed crypto compatible with BarterDEX to provide a bridge to forex and other fiat, and it's game-set-match!

[Hueristic]

XSH  (SHIELD ) gonna  be  good as   monero+ DAG and Quantum resistent, check it out

https://bitcointalk.org/index.php?topic=2234453.0


P.S. I am  a monero early adopter ( when its  price  was at 5 $).

ROTFLMFAO!!!

Forked from vergecurrency/electrum-xvg

Umm, yeah right setting my buys now.

[luchins]

XSH  (SHIELD ) gonna  be  good as   monero+ DAG and Quantum resistent, check it out

https://bitcointalk.org/index.php?topic=2234453.0


P.S. I am  a monero early adopter ( when its  price  was at 5 $).

ROTFLMFAO!!!

Forked from vergecurrency/electrum-xvg

Umm, yeah right setting my buys now.

Hope  you won't regret, dude.

[dgex_victim]

The final piece of the puzzle is one government backed crypto compatible with BarterDEX to provide a bridge to forex and other fiat, and it's game-set-match!

BarterDEX will get fiat on/off ramp when they list new Tether ERC20 token, assuming you trust tether lol

[Pedro18]

Monero now has very the best project. Specially you can mine via your browser. So many people now using that, they are injecting it on different softwares. I also saw some MONERO miner injecting to some cheats on different games. Creator can mine Monero using other people.

[infofront]

The NSA Worked to “Track Down” Bitcoin Users, Snowden Documents Reveal