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Author Topic: [XMR] Monero Speculation  (Read 3301462 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 1+ user deleted.)
Hueristic
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June 05, 2019, 12:39:08 AM
 #40741


When will the monero come back to the top 10?

Looks like it might drop to the bottom ten! Smiley

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

Is it True?

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June 05, 2019, 12:43:08 AM
 #40742


When will the monero come back to the top 10?

Looks like it might drop to the bottom ten! Smiley

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.
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June 05, 2019, 03:13:22 AM
 #40743


When will the monero come back to the top 10?

Looks like it might drop to the bottom ten! Smiley

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.

What about the idea of integrating Microsoft's (lol) ZK techniques?  That is a thing too, yes?
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June 05, 2019, 03:43:47 AM
 #40744

Yes - there's a good chance Monero will eventually move to zk snarks, starks, or other.
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June 05, 2019, 07:18:18 AM
 #40745


When will the monero come back to the top 10?

Looks like it might drop to the bottom ten! Smiley

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.

What about the idea of integrating Microsoft's (lol) ZK techniques?  That is a thing too, yes?

Longer term potentially. This new CLSAG is about ready to deploy now, pending code and cryptography audits.
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June 05, 2019, 11:44:23 AM
 #40746


When will the monero come back to the top 10?

Looks like it might drop to the bottom ten! Smiley

Yup with this https://eprint.iacr.org/2019/654  Monero will, most likely only the next year, become 25% faster and have 20% cheaper transactions and blockchain size growth. I guess it will also help to move 20-25% more to bottom ten

And/or possibly larger ring size for improved fungibility (with the existing transaction size, or a smaller reduction). How to make use of the improvement in deployment hasn't been decided.

What about the idea of integrating Microsoft's (lol) ZK techniques?  That is a thing too, yes?

Longer term potentially. This new CLSAG is about ready to deploy now, pending code and cryptography audits.

That should be enough for M$ to co-op the tech and bundle in into win 11, no need for ZK.

Monero could be the next Stacker!
Windows integrated DBLMonero! Smiley

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June 05, 2019, 11:16:54 PM
 #40747

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.
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June 06, 2019, 11:19:26 PM
 #40748

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon.  I doubt Monero ever catches up.

What is important is Monero KEEPS up.
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June 08, 2019, 09:13:31 AM
 #40749

Why Im not worrying, this guy is my new hero  (woodser)


https://youtu.be/TEWloLhVHWQ?t=2801
Hueristic
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June 08, 2019, 04:34:54 PM
 #40750

Why Im not worrying, this guy is my new hero  (woodser)


https://youtu.be/TEWloLhVHWQ?t=2801

Who is who in that video?

There should be a list in the summary.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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June 08, 2019, 08:27:45 PM
 #40751

I don't mind. I'm glad someone cares about the core issues. Ease of integration, reuse and standardisation.

We need plugging into Monero to be easy. For all.


This is the real deal for integration and utilisation.



Thank you Woodser!








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June 09, 2019, 08:46:56 AM
Merited by BldSwtTrs (10), iCEBREAKER (1)
 #40752

I miss aminorex.

I wish he will come back.

You can get your fix here.

https://mobile.twitter.com/aminorex
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June 10, 2019, 07:07:57 PM
 #40753

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon.  I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

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June 10, 2019, 08:00:12 PM
 #40754

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon.  I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

Well that's quite specific, any reason why?

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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June 10, 2019, 08:07:25 PM
 #40755

I copied this from one reddit post yesterday when someone was calculation how big were transactions last month and compare them with Bitcoins.  Monero transactions take ~ 5.23x more space than Bitcoin transactions    If we take 20% off we get 4.2x    I wonder where is limit. How close to bitcoin will we eventually get.

The thing is Bitcoin has the same sorts of advances on the horizon.  I doubt Monero ever catches up.

What is important is Monero KEEPS up.

In 2017, Monero was one of the best runners. Suppose, this year, it will move faster. I guess Monero can reach 180 dollars for an altcoin at least. It must get its place on the top-10 cryptocurrencies list.

Actually in 2016 Monero was the best runner. If 2019 is new 2015, then 2020 will be Monero 2016 over again.
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June 10, 2019, 10:13:21 PM
 #40756

Need to mine or buy and HOLD XMR over long distances

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June 12, 2019, 03:35:36 PM
Last edit: June 12, 2019, 03:55:25 PM by qwizzie
 #40757

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets



Quote
Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?
I'm speculating it does not.

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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June 12, 2019, 03:52:26 PM
 #40758

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets



Quote
Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

This has been a topic for years for Monero.  The more ethics neutral / anarchist side of the argument is Botnets secure the network, period.

But I also think there are other aspects that can be considered, such as Monero mining scripts instead of paywalls.

Anyway, it's all a big experiment, yes? 
Hueristic
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June 12, 2019, 03:53:58 PM
Last edit: June 12, 2019, 04:08:15 PM by Hueristic
 #40759

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets



Quote
Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.



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June 12, 2019, 04:08:06 PM
 #40760

https://www.coindesk.com/inside-moneros-last-ditch-effort-to-block-crypto-mining-asics
I guess not so great news for GPU miners...

Edit : but good news for Botnets

[img witdh=20]https://i.imgur.com/Lcoyf4Z.jpg[/img]

Quote
Lingering concerns

Perhaps a more realistic concern in the mind of Ehrenhofer and others is the proliferation of botnets on the monero network as a result of a
CPU-friendly mining algorithm like RandomX.

This does raise the question : does the end justify the means ?

First of all who cares about the miners? It's security that matters, period.

You wanna mine and profit you are gambling, if you mine for altruism then you don't care.

And having botnets mine Monera and secure the network is always preferable to them attacking legitimate networks

So I don't see any problems at all here.




The problem with having botnets securing the network is that botnets do not have the best interest of the network at heart like normal miners do.
Miners in general behave in a way thats beneficiary for them and do not hurt their network. Botnets basicly change miner behaviour from
honest mining to selfish mining. I prefer honest mining (Bitcoin) over selfish mining (Botnet-Driven Network) any day.

Then one has to wonder if this will all be for nothing anyways, this struggle against the natural evolution of mining (ASIC).
Just my two cents on the matter...


  

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
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