[XMR] Monero Speculation

[LennyCarl]

Moneroni is still the best crypto out there. Even if no one ever comes to post here anymore ...

I miss you guys' thoughts!

[cAPSLOCK]

[Hueristic]

I miss you guys' thoughts!

Monero is boring ATM, thinks its a stable coin.

[jwinterm]

I miss you guys' thoughts!

Monero is boring ATM, thinks its a stable coin.

BTC too 

[LennyCarl]

Not too stable lately! yikes. Buying opportunity, yet? I think I want to try buying with cash by mail on localmonero.co Small potatoes.

[Hueristic]

Not too stable lately! yikes. Buying opportunity, yet? I think I want to try buying with cash by mail on localmonero.co Small potatoes.

You don't like the price, wait a minute.

[cAPSLOCK]

Monero has been cup and handles all the way down.

Sadly most of them have not resolved the way we would want them to.

But we are seeing yet another breakout attempt on the longest of frames on USD/XMR.

[cAPSLOCK]

Just sayin....



Are you guys doing this?

I have been... for 7+ years.  

[Hueristic]

Monero has been cup and handles all the way down.

Sadly most of them have not resolved the way we would want them to.

But we are seeing yet another breakout attempt on the longest of frames on USD/XMR.

I literally never even consider TA in /usd terms.

Just sayin....



Are you guys doing this?

I have been... for 7+ years.  

Been remiss as of late, just cold hold mostly for years.
I do spark up a node for forks though.

[cAPSLOCK]

Monero has been cup and handles all the way down.

Sadly most of them have not resolved the way we would want them to.

But we are seeing yet another breakout attempt on the longest of frames on USD/XMR.

I literally never even consider TA in /usd terms.

Just sayin....



Are you guys doing this?

I have been... for 7+ years.  

Been remiss as of late, just cold hold mostly for years.
I do spark up a node for forks though.

This upcoming fork (not sure when it is) I need to read up on it.  It worries me somewhat really.  Seems like a big one.  But I need to learn about Seraphis etc.

[Hueristic]

This upcoming fork (not sure when it is) I need to read up on it.  It worries me somewhat really.  Seems like a big one.  But I need to learn about Seraphis etc.

I haven't been able to find a decent digestible explanation of the changes, only marketing pie in the sky bullshit about how its gonna be better than sliced bread.

Has me concerned to the point I may dig up my cold wallets and cash out before the fork.

The videos on it are of such poor quality they are undecipherable.

If you find good material share.

[BldSwtTrs]

Monero has been cup and handles all the way down.

Sadly most of them have not resolved the way we would want them to.

But we are seeing yet another breakout attempt on the longest of frames on USD/XMR.

I literally never even consider TA in /usd terms.

Just sayin....



Are you guys doing this?

I have been... for 7+ years.  

Been remiss as of late, just cold hold mostly for years.
I do spark up a node for forks though.

This upcoming fork (not sure when it is) I need to read up on it.  It worries me somewhat really.  Seems like a big one.  But I need to learn about Seraphis etc.

It is not upcoming. It is likely to be >18 months away.

[johnfoss]

THE MONERO MOON NEWSLETTER IS BACK!

It includes a big trading/chart section for everyone here to have a look at, as well as all the usual developments and news, and memes.

https://www.themoneromoon.com/p/the-monero-moon-issue-58

[tokeweed]

This upcoming fork (not sure when it is) I need to read up on it.  It worries me somewhat really.  Seems like a big one.  But I need to learn about Seraphis etc.

I haven't been able to find a decent digestible explanation of the changes, only marketing pie in the sky bullshit about how its gonna be better than sliced bread.

Has me concerned to the point I may dig up my cold wallets and cash out before the fork.

The videos on it are of such poor quality they are undecipherable.

If you find good material share.

Please post info itt.  I'm not really that active in Reddit and CT anymore.  Got jaded when Fluffy got arrested.  I'm not one to judge and I'm not really sure who's telling the truth anymore.  I think he could still be one of the good guys but a part of me says never to trust anybody in the space.  You just never know.

Anyway as for the XMR/BTC chart, I'm surprised it looks good in the weekly.  If it breaks out the green bar and it flips into support, that would be nice.

[cAPSLOCK]

Well thanks to John Foss' newsletter here is the tech info for Seraphis:

https://gist.github.com/UkoeHB/f508a6ad973fbf85195403057e87449e

And for Jamtis... the new addressing scheme:

https://gist.github.com/tevador/50160d160d24cfc6c52ae02eb3d17024

These are mammoth consensus changes in my opinion.  Monero has always had a somewhat progressive approach to consensus level changes.

I am not technical enough to know what the risks are (and I am pretty technical).  But I can see well enough that this stuff is going to introduce a lot of possibility of risk.

I am not trying to FUD by any means.. and the Monero community has ALWAYS had an environment welcoming dubious opinion.  So I am stating a firsh blush opinion that I hope the right amount of caution is being taken in introducing these changes.

I think it would be naive to assume that there are not powerful, smart, actors that would love to change monero in a way that would cause it to have a chink in it's armor. 

How do we know that consensus changes of this level are not exactly that?

[BldSwtTrs]

I think it would be naive to assume that there are not powerful, smart, actors that would love to change monero in a way that would cause it to have a chink in it's armor.  

How do we know that consensus changes of this level are not exactly that?

We don't.

The only guarantee against that is setting the protocol in stone. Developpers control every blockchain protocols that is not set in stones. All the talks about "decentralization" and "community" is BS, developpers always have the power.

Only BSV follows the path of decentralization, ie. setting the protocol in stone.

[tokeweed]

Well thanks to John Foss' newsletter here is the tech info for Seraphis:

https://gist.github.com/UkoeHB/f508a6ad973fbf85195403057e87449e

And for Jamtis... the new addressing scheme:

https://gist.github.com/tevador/50160d160d24cfc6c52ae02eb3d17024

These are mammoth consensus changes in my opinion.  Monero has always had a somewhat progressive approach to consensus level changes.

I am not technical enough to know what the risks are (and I am pretty technical).  But I can see well enough that this stuff is going to introduce a lot of possibility of risk.

I am not trying to FUD by any means.. and the Monero community has ALWAYS had an environment welcoming dubious opinion.  So I am stating a firsh blush opinion that I hope the right amount of caution is being taken in introducing these changes.

I think it would be naive to assume that there are not powerful, smart, actors that would love to change monero in a way that would cause it to have a chink in it's armor. 

How do we know that consensus changes of this level are not exactly that?

Here's something I wondering about...  First just to let you guys know, I haven't been reading a whole lot of info about XMR in Reddit and Twitter for more around 4 years now, my Twitter account is now exclusively following some guys doing MMA prediction stuff and I've unfollowed everybody in crypto. 

The only guy I tag or ping in crypto is Fluffy and that's just in tweets that are related to helping dogs.

Anyway, the thing I'm wondering about is if Fluffy supports the changes or not... 

[smooth]

To believe that highly technical consensus changes (even if they're not large) don't have an exploit, you'd have to have confidence in a LOT of public scrutiny IN PRACTICE. Just being open source is not enough. Remember the heartbleed bug that was introduced in 2012 to openssl but not widely recognized as a devastating exploit until 2014.

I don't know if Monero is making the right tradeoffs in terms of upgrades, the pace they are made, and the balance between effort into researching and implementing changes (interesting and high payoff!) and review (often boring and no payoff!). You have to consider that the old protocol or implementation may not be that great either, indeed it may even have deliberate exploits (I don't know of any, apart from all of the public limited ring size issues) and the situation would improve by replacing it.

[johnfoss]

THE MONERO MOON (ISSUE 59) is out now to keep you old-timers at Bitcointalk entertained while you sip your Barolo :-)

https://www.themoneromoon.com/p/the-monero-moon-issue-59

[johnfoss]

https://www.themoneromoon.com/p/the-monero-moon-issue-60