Topic: THE RISE AND RISE OF MONERO - page 14. (Read 35401 times)

Of course because that is where a large % of the trading volume is coming from. If you have a source of the data of the volume of XMR's buying and selling by the vendors and users from the darknet market then we can compare them with the current volume in the exchanges. How many of those XMR buyers now are buying to use it in the darknet market for illegal drugs and other illegal items? $1 million, $2 million worth or more? That should be enough to ping the FBI to let them start to investigate.

Also what is the safer way to buy XMR to use in the darknet? Shapeshift? What is the current volume of XMR trades there?

But if you base the volume of Monero in one of the trading site which Poloniex, it is the biggest under the altcoins and it has an abrupt increase, I think this year will be the year for Monero and it has overtaken the Etherium already in terms of price. Me, I will just ride with it and continue doing some day trading with monero.

@Digitalbitcoin. Also do point out that it is going up also because of the people speculating on XMR. I do not believe there is a high enough "demand" at this point because it is still newly accepted in the darknet. Maybe in the future it will be but not today.

Monero have many features but as per consideration Monero is untraceable cryptocurrency.

Currently price of monero is increasing just bcz of higher demand.

Safe, secure and anonymous transactions are important factors of monero which gives them higher value in market.

Yes.  But if it does, it will probably take 5-8 years to do so, and might take a lot longer.

The way they propose to do it, I fully agree with you.  However, I think the issue is not entirely hopeless.  There are a few conditions, and I don't know if they can be satisfied, but if:

1) the pool of key generators should be large - say at least a 1000 members, in such a way *that everybody who wants, can participate*.

2) the entropy of the total key will be at least the entropy of each individual contributing key

3) each participant can see many other participants (maybe not all, but many of them), and each participant can check that his contribution is part of the final result

then I think the trusted setup can work.

For instance, suppose that one uses a known communication channel - say bitcointalk.org - where people can sign up and POST their contribution (the public key contribution, not their to be destroyed private key of course).  YOU CAN TOO.

When, after sufficient time, the number of needed participants is reached (can this be variable or is this fixed from the start ?), the final keys are publicly calculated from the posted ones.  You can do that too, including your own key of course.  We should all agree upon the resulting keys, and we can all verify that all key shards have been included, including our own.

Now in as much as we know of ourselves that we destroyed (or at least kept secret :-) ) our secret key, we know that nobody has the golden key.  And in as much as we DO collude with all the others to make a golden key, then we also know that at least a thousand people, including ourselves, are aware of this and we can make this public at any moment (and prove it: by publishing the golden key, we definitely kill the trusted setup ; we would be crazy not to obtain the golden key in return for our own shard of secret key).

It will be difficult to keep such a secret with 1000 people, and at least EACH of these 1000 people know, and know that the 999 others know.

The point is: *if* anybody has the OPPORTUNITY to be part of the trusted setup, and if the number of people involved is huge, then I think one can trust the trusted setup.  But 18 "celebrities", no thank you.

Is there any chance that xmr can take the number one spot.

For me I am glad to see Roger Ver here (MemoryDealers). He is example of someone who had to learn a new language when he moved to Japan and worked hard to teach people about something new (Bitcoin). It would be good to get insight on what he thinks Esperanto could do for business ties and relationships in general. -good posting OP!  We in Russia have good Esperanto community ! All here are welcome to stay with us.


-XMRlove

It is almost logically impossible to prove the destruction of the secret seed.  And if it is destroyed, then it is infeasible to verify its entropy.  It's a magic number, and as such can be chosen to create vulnerability.

If Z-cash is used, then it has a fundamental value. Z-cash has some identity issues to deal with via the corporate seal of approval (is it the ripple of anonymous coins?) but like ripple, it probably will have some initial success, and if it can prove that it offers legitimate improvements for privacy it will get real-use--the issue of coin supply will always overhang it (I imagine), but it doesn't need to be a value store for most users.

What is the sense on here for what happens to Monero price when Z-cash launches? How much of this boom is a pump to get into Z-cash, and how much is real and fundamentally driven?

I like it, so in that way it will end up more valuable than ETH in terms of price by the end of the year? I think I need to just ride with, in fact monero has been silent for a long time and I think it will continue to pump until it reaches to the moon. I even wanna see bigger than your speculation, even 0.05 is possible.

I bet is Russian vodka. Easily happen to miss a day.

XMR will see 0.035 in 2016 at the least.

5,000,000 - 10,000,000 SATOSHI  2016

This is my official prediction for the year.

He is anticipating the future price.

Are you still living two days ago? What is the XMR price right now where you live? lol.

Thank you for jesus give Russia more chance to make XMR cheap! - we also create donation for all here!

The Monero price has dropped some what in the last two days. That could be a time for the consolidation of price.

I was just thinking this, time warp maybe?

Did you wake up 2 days later... The price was way highee yesterday lol