[XMR] Monero Speculation

[Jones chen]

I think it has great potential, it's a good idea to carry the cryptocurrency

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[opennux]

If no-one puts forth their IRL persona to support any forks (i.e. the monero classic et al. shitspew) then you know it is a scam. Show your face or you're nothing but scammers. No one has, so..scammers.

Don't support this and don't transact on the chains - you might lose out on some quick money, but you will pay dearly over the long run.

[Globb0]

These forks are like Nigerian Prince scams



Juuuust give up your monero fist and I send you 4 million dollars

[Kanati]

Damn! can't even leave for a couple of weeks without all Hell breaking loose 

Just did the walley upgrade and it seems to work ok on the new fork, but now I see we are "blessed" with yet another Monero knock-off (first sumokoin, now "monero classic"). Am I correct in understanding that these two are both copies with own blockchains, and the next lovechild, monerov, will fork off from the present v.7 blockchain?

Also wondering how the drop in hashrate after the fork is going to affect ability to scale and confirmation times going forward?

sumo coin did not started same as "monero classic" or might monerov. It started with genesis block, other two started with as many coins Monero had at time of fork.

Drop in hashrate made first blocks slower. So yesterday after hardfork, Monero was as slow as Bitcoin. Like block every 10 minutes. Now it will ofcourse catch up and blocks will be faster then in 2 minutes until it will get back to normal around 2 minutes a block.


Not sure what should ability to scale have to do with it. Monero block can grow and shrink and is not bottleneck of scaling. It is something else, you should google it.

Well, at this point I'm just waiting for all the fallout to settle. Looks like we are now up to 5 Moneros and counting -

https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/

I will be watching exchange support for all these coins very closely.

[BChydro]

These forks are like Nigerian Prince scams

This is what happens if you are having a central authority taking thing into their hand, i am against mining monopoly by big time miners as everyone who is interested in it must be able to do it and hence i can understand the reason for this fork, but instead of it we have more projects with the same technology but with different principles.

[PancherBitCoin]

These forks are like Nigerian Prince scams

This is what happens if you are having a central authority taking thing into their hand, i am against mining monopoly by big time miners as everyone who is interested in it must be able to do it and hence i can understand the reason for this fork, but instead of it we have more projects with the same technology but with different principles.

If your project causes the slightest negative emotions or suspicions, it is best not to contact it. Maybe you miss something, but you will not lose it.

[leea-1334]

Well, at this point I'm just waiting for all the fallout to settle. Looks like we are now up to 5 Moneros and counting -

https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/

I will be watching exchange support for all these coins very closely.

I will not. I know it is stupid to throw away free money as I am often told, but I doubt I would lose much, at least, I do not think so much that my time and effort would have equalled for it.

They can make 5 or 500 more Moneros. I already like the one I have. Same as when I had Bitcoin. I did bother for the one fork, but all the rest? Any other stupid people like me?

[infofront]

Andreas Antonopoulos mentioned he has not and would not sell any forked coins because he's not willing to sell his privacy.
I'd argue that he should just use Monero then, but that's beside the point.

I traded my BTC forks because BTC isn't private anyway. Monero is a totally different story.

[Kaattu1]

Monero could be a good investment because many people consider investing in digital currencies. Since our technological world is changing, you can transact fast, secure, and anonymously. It uses a technology similar to the Virtual Private Network, thus defining itself as untraceable. Everyone has a favorite cryptocurrency

[Globb0]

Devs are working on a better solution than not using forks.

I hope they get something devised soon. Then it will be a moot point.

Just another security hole to get closed down.

[Febo]

Damn! can't even leave for a couple of weeks without all Hell breaking loose 

Just did the walley upgrade and it seems to work ok on the new fork, but now I see we are "blessed" with yet another Monero knock-off (first sumokoin, now "monero classic"). Am I correct in understanding that these two are both copies with own blockchains, and the next lovechild, monerov, will fork off from the present v.7 blockchain?

Also wondering how the drop in hashrate after the fork is going to affect ability to scale and confirmation times going forward?

sumo coin did not started same as "monero classic" or might monerov. It started with genesis block, other two started with as many coins Monero had at time of fork.

Drop in hashrate made first blocks slower. So yesterday after hardfork, Monero was as slow as Bitcoin. Like block every 10 minutes. Now it will ofcourse catch up and blocks will be faster then in 2 minutes until it will get back to normal around 2 minutes a block.


Not sure what should ability to scale have to do with it. Monero block can grow and shrink and is not bottleneck of scaling. It is something else, you should google it.

Well, at this point I'm just waiting for all the fallout to settle. Looks like we are now up to 5 Moneros and counting -

https://bitcoinmagazine.com/articles/monero-just-hard-forked-and-it-resulted-four-new-projects/

I will be watching exchange support for all these coins very closely.

They are just old Monero without ledger support, without subadresses without multisignature, ....    Sole reason why they exist is to use ASIC miners that were built few months ago.

[smooth]

Removed as repost/plagiarism of old post

In my opinion, monero has during all its exchange history been a rangebound coin. The all-time-weighted-average is about 500k, and most of the trade has been conducted at a narrow range of 400-600k. When the range is definitely broken, there is no knowing what the next trading range would be.

[Diulamon]

Devs are working on a better solution than not using forks.

I hope they get something devised soon. Then it will be a moot point.

Just another security hole to get closed down.

I think hard fork every 6 months will be acceptable as it gives plenty of time of warning. The recent hard for of PoW is a great success.

[Globb0]

Devs are working on a better solution than not using forks.

I hope they get something devised soon. Then it will be a moot point.

Just another security hole to get closed down.

I think hard fork every 6 months will be acceptable as it gives plenty of time of warning. The recent hard for of PoW is a great success.

But that is nothing to do with the weakness we were discussing

[Mavilcposeti]

These times will be forked on the monero coin.So it can add value to a lot of value.I am thinking of buying monero.I do the sales when Monero if the value increases.

[cAPSLOCK]

So...  most of the last version upgrade is terribly positive.  More new and important features.  A more stable and quicker IMHO GUI wallet.  Subadresses, multisig, and so on.

But the big NEWS is the tweak to render current ASICS useless.

And we are seeing the insane drop in hashrate, and crazy rise in mining profitability.   

But here in the SPECULATION thread I do not see much speculation as to what this means price wise for Monero.  I can't really figure it out myself.  So many moving parts...  So far there's been a little drop in price.  I imagine Jihan want's to revenge sell...  and he might have a warchest to do that with, though I doubt he kept more than he sold.  Then there are the forks.  Not a direct relationship, but related at least.

What do you guys think.  Way less hashpower hitting the network, yet so much more decentralized.  Web miners suddenly more profitable.

I think ASIC resistance is a positive thing for the project... but what does this do to the price?

[Anon136]

What do you guys think.  Way less hashpower hitting the network, yet so much more decentralized.  Web miners suddenly more profitable.

I think ASIC resistance is a positive thing for the project... but what does this do to the price?

Yea I mean hash power is not a goal it's a means to an end. The end is decentralization. We now have more of that than we did before, ergo Monero is now more secure with less hash power. That ought to be price positive I think. I don't see why it wouldn't be.

[nazzer]

So...  most of the last version upgrade is terribly positive.  More new and important features.  A more stable and quicker IMHO GUI wallet.  Subadresses, multisig, and so on.

But the big NEWS is the tweak to render current ASICS useless.

And we are seeing the insane drop in hashrate, and crazy rise in mining profitability.   

But here in the SPECULATION thread I do not see much speculation as to what this means price wise for Monero.  I can't really figure it out myself.  So many moving parts...  So far there's been a little drop in price.  I imagine Jihan want's to revenge sell...  and he might have a warchest to do that with, though I doubt he kept more than he sold.  Then there are the forks.  Not a direct relationship, but related at least.

What do you guys think.  Way less hashpower hitting the network, yet so much more decentralized.  Web miners suddenly more profitable.

I think ASIC resistance is a positive thing for the project... but what does this do to the price?

I'd expect the massive dumping already happened (XMR ~ 50% of last month's high)

ASIC resistance is a goal of the project - price I'd expect to be a stable growth now, without meteoric rises hopefully attracting too much speculation.

Massive drop in hash shows that all the jscript miners really haven't deployed any updates. Similar situation appears to be true with botnet miners and ASIC miners, for now.

[smooth]

But here in the SPECULATION thread I do not see much speculation as to what this means price wise for Monero.  I can't really figure it out myself.  So many moving parts...  So far there's been a little drop in price.  I imagine Jihan want's to revenge sell...  and he might have a warchest to do that with, though I doubt he kept more than he sold.  Then there are the forks.  Not a direct relationship, but related at least.

What do you guys think.  Way less hashpower hitting the network, yet so much more decentralized.  Web miners suddenly more profitable.

I think ASIC resistance is a positive thing for the project... but what does this do to the price?

It is hard to fight the overall negative trend the crypto markets, especially for a coin like XMR which is very much a true crypto currency, and not some ICO project that is claiming to revolutionize online dating/storage/dentists/etc. For XMR, if money is flowing out of crypto we're probably losing value. Perhaps we decline less.

[Globb0]

and what is money anyway? in time, in time