Topic: Monero (XMR) Speculation thread - page 35. (Read 50244 times)

Either "very respectable" or a sign that people will throw their money at just about anything. Time will tell.

It is a project that is alpha-level software, with no integrated GUI, no lightweight wallet or web wallet, high resource requirements to use the full wallet, zero applications or merchants, and it is still in the top 20 by market cap. That is very respectable.

I dunno, it just seems that if you were right and I was wrong the price would be faring better than it currently is.

I can't really comment in detail since I'm not an expert on XC. I won't comment on anything related to how well XC delivers on its promises or whether those promises (if delivered) offer real value to users. I just don't know

However, I do understand that fundamentally XC anonymity is based on a version of the masternode concept (in some ways similar to DRK,l but again I don't know the details), while Monero anonymity technologies are not. Monero uses cryptographic ring signatures to perform mixing without relying on any third party nodes at all.

Another difference is that XC uses a PoW/PoS hybrid, while Monero is pure PoW.

This may be helpful, at least in so far as it compares CoinJoin- and CoinSwap-style mixing with alternatives such as Monero (cryptonote) and Zerocash: http://bitcoin.stackexchange.com/questions/29471/is-there-any-true-anonymous-cryptocurrencies

Can someone explain to me why Monero is better than XC?  Or what the differences are briefly...

I've researched XC a lot but don't know much about am Monero


Cheers

Monero does not have "a few" interesting, novel features, it is a completely new design and code base that is entirely distinct from bitcoin and all of the hundreds of clone shitcoins each of which have "a few" interesting, novel features (at best) added for polish.

The difference is one of kind, not degree.


No, there are not 20 other non-scam non-clone-with-polish altcoins. Maybe one or two.

Whats interesting is this same list of problems could be applied to a bunch of other decent coins right now. I think people are finally starting to figure out that the altcoin trend is unsustainable. Monero might have some genuinely interesting, novel features going for it that could be applicable to the real world some day, but so do about 20 other coins out there, and they are all going down in value.

As a matter of fact, the only coins that go up is whatever the Coin of the Week is, which Monero had a turn as last month.

The price fell in large part because the adding it to MintPal was way overhyped, driving the price up for no good reason. This was not done by the developers at all though, but by investors large and small who either believed that adding to MintPal was a big deal, or wanted to convince others to believe it (probably a combination of both).

All that has happened is that hype has deflated out of the coin, leaving things largely where they were before. In fact the price is still a bit higher than it was before talk about adding it to MintPal started, and the market cap is much higher (since there are more coins mined).

Nutilduh.

Monero has a very active development and community. Things are tense right now because of the following:

1. Many uninformed people expected the developers of Monero to be superstar programmers like the worshipped developers of the scamcoins. However instead of fake developers that hype themselves up we have real hard working developers that are honest and humble. The average bitcoin user is very dumb. They see the Monero developers as weak and lazy when in fact they are capable and doing the right thing.

2. The high inflation doesn't last a long time and drops off every day. However at the moment it's causing a lot of selling pressure bringing the price down. This isn't an issue because our target Litecoin releases more coin per day and at a higher rate than Monero. So when the GUI is apart of the main development branch and the software is fully usable by the average brain, then the price may rise and it could easily absorbed the "high inflation".

3. The developers are focusing on the important behind the scenes stuff in the code. Not the GUI for now.

4. In the last two weeks. There has been a massive flood of low activity bought and paid for bitcointalk accounts spreading fraud, FUD, lies and confusion. A lot of the Monero followers are growing tired constantly having to defend against hundreds of FUD accounts.

5. Monero is far far from dead. The only negative thing is that the price has fallen. Remember this coin is only a few months old.

Because you make no sense, aka you're a troll and support one of the coinjoin coins.

Without any Bias:

1st of all: 99% of cryptocurrencies have "coin" in there name, Pinkcoin, Yellowcoin, Orangecoin, Whitecoin. Frankly, that makes all those currencies unoriginal, so your second point is Invalid simply because Monero does not have coin in it's name. Not having coin in it's name also makes it only more likely to be taken seriously by regular folk.

Anyone hearing about Pinkcoin for example, would think it's a joke/play money, just like they originally thought Bitcoin was a joke/play money. Monero, and other cryptocurrencies that do not have coin in their name, makes them seem all the more serious and professional, like an actual currency, not some toy money.

2nd of all: Monero, unoriginal? It's the 2nd cryptonote coin to be released, and the 1st with a fair distribution(no premine and no instamine like Bytecoin's 82% premine). It's code is superbly optimized, the dev team have a partnership with I2P(and frankly, Ring Signatures+ I2P would make Monero the complete anonymous coin), it has a large and stable community, and much more. Feel free to go read up on all the info(I dont have the time to write up a 3 page summary on everything Monero devs have done to optimize Monero), the Developers release Weekly Missives, that show what they accomplished each week.


For the record, I do not have much stake in Monero so nothing that I say is Bias. I simply recognize the good alt-coins(Monero) vs the shit alt-coins(Insert Here)

You know someone is disturbed when they are angry at a cryptocurrency. This guy sounds like he actually has a personal vendetta with Monero.

Have you taken a good look at a XMR chart recently?

It has the exact same pattern as any pump n dump coin: A stratospheric pump followed by a slow and neverending dump.

Srsly?

Turns out the only thing Monero actually did was destroy value and it actually _was_ one of the "hyped out pumps shit(s)."

Monero won't make it. The name is too silly and the coin is too unoriginal.

Please don't feed the trolls.

PS. You can usually conclusively identify these sock puppet troll type accounts by looking at their posting history. It almost always starts with whole sequence of one-line low-content posts to artificially bump up their post count. I don't know if this is automated or just a process these (likely paid) trolls go through to create new accounts for trolling. For example: https://bitcointalksearch.org/user/viewsonic-304209

$100?

Use your brain!

There is no evidence at all suggesting any members of the team are using botnets at all. All of this FUD comes from one team member stating that he knows a botnet owner that is mining Monero. Seriously you could have found out that yourself.

Secondly, even if a team member was using a botnet, how would any of us find out about it? Come on dude start thinking for yourself! Why would some core member admit to using a botnet even if that was the case!!!!!

Just to clear things up: no team member has admitted to using any sort of botnet. I know a few team members are cloud mining but that is normal. (Or they were cloud mining, the currently difficulty might not make cloud mining worth it.)

Everything is ok. The core team are working hard on this coin day and night and things are making good progress.

Speculation you say?

Ok, where do you see XMR price in 24 months?

I love you and welcome you with open arms.

Yes, I also noticed that Monero miners has aggressive attitude towards the members who doesn't share their opinion