[XMR] Monero - A secure, private, untraceable cryptocurrency - page 1424.

nioc

legendary

Activity: 1624

Merit: 1008

I don't know how much this factors in but this question and answer are from just after this weeks Missive.

Quote from: tacotime on September 15, 2014, 05:55:25 PM

Quote from: GreekBitcoin on September 15, 2014, 05:52:04 PM

Very nice!

Two things:
1) You have probably already asked Zazzle about accepting monero but i would urge you to try a bit more or at least find someone who is willing to accept xmr and pay them in fiat. I would really like to see my XMR being used for buying these things!
2) Any (risky) timetable about blockchain and that awesome GUI? Or maybe we can wait until Friday's chat? Cheesy

There are a couple of companies waiting the do 1), we told them to wait for proper GUI and blockchain.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: generalizethis on September 20, 2014, 03:17:47 AM

So my question is, "Does the gambling community know Monero exists?"

Obviously some do. The fairproof site added it. We had them in our third-party services directory (in OP) with referral fees going to donations for a while but we took them off because their affiliate link program doesn't support Monero so we weren't getting paid.

But for the most part I would guess most don't even know it exists. The ones that do are more likely pay attention to the more popular coins with more users (BTC, LTC, etc.). We were close to moving into the top 10 on coinmarketcap recently, and I think would increase our exposure a lot, but we're just below that now.

So generally letting people know about Monero is good but we also need to grow for them to care.

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: smooth on September 20, 2014, 02:56:43 AM

Quote from: generalizethis on September 20, 2014, 02:53:20 AM

If we're still kicking around fund raising, is there a API available for gambling sites?

I'm not sure I understand. How do the needs of these other gambling sites differ from those of exchanges?

Product placement. When i go shopping, I rarely go into the middle aisle--that's where they keep all the crap food--but if a clever merchant puts an end-cap of healthy snacks in the veggie section, I'm more likely to give it a try.

Simple math: Gambling community + knowledge of product with real anonymity = $$$

I heard about Monero on a chance peek on an investment forum. So my question is, "Does the gambling community know Monero exists?" And if they do, what's stopping their integration?

h3speros

full member

Activity: 189

Merit: 100

Quote from: 5w00p on September 20, 2014, 02:47:16 AM

Quote from: h3speros on September 20, 2014, 02:30:52 AM

i have swing traded xmr and i have lowered my avg btc/xmr buy in by swing trading, approx 20% more xmr, my first buy was month ago at 0.0037 and then 0.003, then i sold at 0.005-0.004 and then bought 0.0037-0.004, then sold again 0.004 and bought 0.0038-0.004, TA has been triangle and 6h ma20

Nice.

The reason I have not tried it is because I have worried that if I sold, the price would never come back down. Of course, my XMR hoard is small, but I am always working to increase it, so I may try selling a fraction at a later time, in hopes of buying the dip later.

Edit: What does the last part of your post mean? "TA has been triangle and 6h ma20"

Investonomics?

this triangle (i have been using little bit fibos and rsi also). this has been risky, i could have ended with less xmr, but also this protects my investment if xmr fails. i have had quite strict plan and i don't recommend you to trade if you don't have a plan or if you are too emotionally attached to your xmr/btc stack.

EDIT. oops, this is not the speculation thread, sry about OT

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: generalizethis on September 20, 2014, 02:53:20 AM

If we're still kicking around fund raising, is there a API available for gambling sites?

I suggest dev create a gambling site and the proceeds go to dev fund.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: generalizethis on September 20, 2014, 02:53:20 AM

If we're still kicking around fund raising, is there a API available for gambling sites?

I'm not sure I understand. How do the needs of these other gambling sites differ from those of exchanges?

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

If we're still kicking around fund raising, is there a API available for gambling sites?

5w00p

hero member

Activity: 644

Merit: 502

Quote from: h3speros on September 20, 2014, 02:30:52 AM

i have swing traded xmr and i have lowered my avg btc/xmr buy in by swing trading, approx 20% more xmr, my first buy was month ago at 0.0037 and then 0.003, then i sold at 0.005-0.004 and then bought 0.0037-0.004, then sold again 0.004 and bought 0.0038-0.004, TA has been triangle and 6h ma20

Nice.

The reason I have not tried it is because I have worried that if I sold, the price would never come back down. Of course, my XMR hoard is small, but I am always working to increase it, so I may try selling a fraction at a later time, in hopes of buying the dip later.

Edit: What does the last part of your post mean? "TA has been triangle and 6h ma20"

Investonomics?

h3speros

full member

Activity: 189

Merit: 100

Quote from: oda.krell on September 19, 2014, 10:24:49 AM

Quote from: aminorex on September 19, 2014, 09:53:29 AM

Quote from: rpietila on September 19, 2014, 03:41:46 AM

Might be good for someone to compare XMR price development over the two days to other altcoins. Might well be that the effect of FUD is not even existent...

Quick scan: Over that period the range of LTC was 2.5%, XMR 13.6%, BBR 27.4%, XCN 34.5%, and all are within 10% of the range closest to their lows over the period.

What I see is that PoW non-app coins (pure currencies) generally, whether CN or BTC based, have declined in degree best indicated by their market cap.

My intuition: There is no FUD effect. It is pure imagination. The price is down because bitcoin.

My conjecture is that hot money is flowing out of bitcoin into US stocks (BABA) and GBP bets. This is ADHD money we're talking about. I give it a week or so, before btc bottoms. Unless there is an exogenous jump it would be reasonable to expect continuing XMR\BTC decay. Yet I am unwilling to sell for a turn-around, simply because the scale and likelihood of a positive shock is too large. The market cap is too small. One buyer can double the price forever in 20 seconds or less. I can't risk that.

I'm not above trading BTC comparably aggressive (after all, some of those profits then go into anon coins like XMR), but agreed on what you write here: Unless you trade rather small amounts (and can get in and out without slippage, and are nimble enough to jump back in on short notice), it makes little sense to trade the current swings that are largely secondary effects to XMR's older brother Bitcoin. Small correction maybe: It does make sense if you aren't attached to your XMR position, as in: if you're skimming off profits in USD only. If your goal is increasing an already non-trivial XMR stash, I find it hard to believe this can be achieved by swing trading, given the current market conditions.

i have swing traded xmr and i have lowered my avg btc/xmr buy in by swing trading, approx 20% more xmr, my first buy was month ago at 0.0037 and then 0.003, then i sold at 0.005-0.004 and then bought 0.0037-0.004, then sold again 0.004 and bought 0.0038-0.004, TA has been triangle and 6h ma20

fluffypony

donator

Activity: 1274

Merit: 1060

GetMonero.org / MyMonero.com

Quote from: mmortal03 on September 19, 2014, 09:15:01 PM

I just saw on Wikipedia that "Amir Taaki is a speaker of Esperanto, which he promotes as an auxiliary country-neutral international language to preserve local languages. He writes that Esperanto serves to break down barriers and help the flow of media across cultural boundaries." As you all know, Taaki is an anarchist. Has he made any public comments on Monero? I know he is working on Dark Wallet, but what are his perspectives on anonymous altcoins?

Amir's hung out in #monero-dev before and discussed database implementations (he and I both lean towards LMDB), but nothing beyond that. I think he's busy with DarkWallet and other stuff, but he may definitely make a comment of some sort in future.

iourzzz

member

Activity: 94

Merit: 10

Quote from: Ultros on September 19, 2014, 04:36:22 PM

Quote from: aminorex on September 19, 2014, 04:14:05 PM

Regarding a kickstarter:

1- Use kickstarter.com
2- offer a feature
3- reward USD funders with xmr

rinse, repeat.

It is simple; it is low cost; it is likely to work with some non-vanishing probability; it is a market-based mechanism; it is entirely voluntary; it offers positive incentives for everyone.

Kickstarter has requirements for applying and takes its share. Sure you have all the infrastructure to manage your crowd-funding but it can take time, you can be rejected and if you get 95% of the money you must give it all back. Just saying. Worth a try thought.

What's about counterparty.co? It's quite credible and proved it's ability for successful crowdfunding with swarm and storj already. It's much more easy to use than kickstarter and can even promise some bonuses for investors on core level as well.

mmortal03

legendary

Activity: 1762

Merit: 1011

Quote from: nakaone on September 17, 2014, 11:55:07 AM

Quote from: rpietila on September 17, 2014, 11:48:53 AM

Regarding donations - we already have about 20% of the Monero owners joining MEW. If we get this number to about 50%, then it will be easier to fund development as a community effort because there is no free riding.

how to get in there?

a third idea and that is basically how mike hear financed his project is to convince very rich anarchists/libertarians that this project has a lot of value. finding these guys in the bitcoin environment should be easy Cheesy

convincing them that there is place for a second major currency is hard. first because the person probably thinks it shoots its own leg, second because there needs to be an incentive for him. that said I think there are people who see besides their own profit, moral reasons to invest in a project like this.

I just saw on Wikipedia that "Amir Taaki is a speaker of Esperanto, which he promotes as an auxiliary country-neutral international language to preserve local languages. He writes that Esperanto serves to break down barriers and help the flow of media across cultural boundaries." As you all know, Taaki is an anarchist. Has he made any public comments on Monero? I know he is working on Dark Wallet, but what are his perspectives on anonymous altcoins?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: iourzzz on September 19, 2014, 04:38:37 PM

Quote from: aminorex on September 19, 2014, 09:53:29 AM

Quote from: rpietila on September 19, 2014, 03:41:46 AM

Might be good for someone to compare XMR price development over the two days to other altcoins. Might well be that the effect of FUD is not even existent...

Quick scan: Over that period the range of LTC was 2.5%, XMR 13.6%, BBR 27.4%, XCN 34.5%, and all are within 10% of the range closest to their lows over the period.

What I see is that PoW non-app coins (pure currencies) generally, whether CN or BTC based, have declined in degree best indicated by their market cap.

My intuition: There is no FUD effect. It is pure imagination. The price is down because bitcoin.

My conjecture is that hot money is flowing out of bitcoin into US stocks (BABA) and GBP bets. This is ADHD money we're talking about. I give it a week or so, before btc bottoms. Unless there is an exogenous jump it would be reasonable to expect continuing XMR\BTC decay. Yet I am unwilling to sell for a turn-around, simply because the scale and likelihood of a positive shock is too large. The market cap is too small. One buyer can double the price forever in 20 seconds or less. I can't risk that.

Totally agree. all that falling may be caused much more by alibaba ipo than fud effect...

There was a direct and significant pump that corresponded exactly with the timing of gmaxwell calling bullshit on one of the FUD claims.

So I have to conclude that the market does indeed pay attention to the FUD and its refutation. On the other hand the pump was also short-lived so it is indeed likely that broad market factors have more influence.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: iCEBREAKER on September 19, 2014, 01:42:46 PM

This situation with BCX is a good example why including an outside CN expert in the XMR dev fund oversight committee is not "bizarre" but rather makes sense.

I definitely agree with the idea of outside experts being involved as advisors, on an oversight committee, or something along those lines. Of course they would have to be interested in doing it, and I doubt CZ would be, but it isn't impossible.

What I thought was bizarre was including him as an approver for multisig escrow of the development funds, without some sort of broader initiative such as the above. Perhaps I simply misread your original proposal.

I hope that is more clear.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Odalv on September 19, 2014, 03:16:17 PM

Quote from: smooth on September 19, 2014, 08:31:31 AM

tx{
  prefix= {
   input(a1(5 XMR),f1(5 XMR),f2(5 XMR),f3(5 XMR),keyimage(priv(a1)))
   input(a2(4 XMR),f4(4 XMR),f5(4 XMR),f6(4 XMR),keyimage(priv(a2)))
   output(r1(3 XMR),c1(5 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f1),pub(f2),pub(f3),keyimage(priv(a1)))
  sign(tx_prefix,pub(a2),pub(f4),pub(f5),pub(f6),keyimage(priv(a2)))
}

this one looks more obscure

tx{
  prefix= {
   input(a1(5 XMR),f4(4 XMR),f2(5 XMR),f6(4 XMR),keyimage(priv(a1)))
   input(a2(4 XMR),f1(5 XMR),f5(4 XMR),f3(5 XMR),keyimage(priv(a2)))
   output(r1(3 XMR),c1(5 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f4),pub(f2),pub(f6),priv(a1))
  sign(tx_prefix,pub(a2),pub(f1),pub(f5),pub(f3),priv(a2))
}

I'm not sure what you are trying to do but that isn't allowed at all in the current implementation. All of the ring mix outputs for one input have to be the same value.

iourzzz

member

Activity: 94

Merit: 10

Quote from: aminorex on September 19, 2014, 09:53:29 AM

Quote from: rpietila on September 19, 2014, 03:41:46 AM

Might be good for someone to compare XMR price development over the two days to other altcoins. Might well be that the effect of FUD is not even existent...

Quick scan: Over that period the range of LTC was 2.5%, XMR 13.6%, BBR 27.4%, XCN 34.5%, and all are within 10% of the range closest to their lows over the period.

What I see is that PoW non-app coins (pure currencies) generally, whether CN or BTC based, have declined in degree best indicated by their market cap.

My intuition: There is no FUD effect. It is pure imagination. The price is down because bitcoin.

My conjecture is that hot money is flowing out of bitcoin into US stocks (BABA) and GBP bets. This is ADHD money we're talking about. I give it a week or so, before btc bottoms. Unless there is an exogenous jump it would be reasonable to expect continuing XMR\BTC decay. Yet I am unwilling to sell for a turn-around, simply because the scale and likelihood of a positive shock is too large. The market cap is too small. One buyer can double the price forever in 20 seconds or less. I can't risk that.

Totally agree. all that falling may be caused much more by alibaba ipo than fud effect...

Ultros

sr. member

Activity: 471

Merit: 250

Quote from: aminorex on September 19, 2014, 04:14:05 PM

Regarding a kickstarter:

1- Use kickstarter.com
2- offer a feature
3- reward USD funders with xmr

rinse, repeat.

It is simple; it is low cost; it is likely to work with some non-vanishing probability; it is a market-based mechanism; it is entirely voluntary; it offers positive incentives for everyone.

Kickstarter has requirements for applying and takes its share. Sure you have all the infrastructure to manage your crowd-funding but it can take time, you can be rejected and if you get 95% of the money you must give it all back. Just saying. Worth a try thought.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Regarding a kickstarter:

1- Use kickstarter.com
2- offer a feature
3- reward USD funders with xmr

rinse, repeat.

It is simple; it is low cost; it is likely to work with some non-vanishing probability; it is a market-based mechanism; it is entirely voluntary; it offers positive incentives for everyone.

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: smooth on September 19, 2014, 08:31:31 AM

tx{
  prefix= {
   input(a1(5 XMR),f1(5 XMR),f2(5 XMR),f3(5 XMR),keyimage(priv(a1)))
   input(a2(4 XMR),f4(4 XMR),f5(4 XMR),f6(4 XMR),keyimage(priv(a2)))
   output(r1(3 XMR),c1(5 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f1),pub(f2),pub(f3),keyimage(priv(a1)))
  sign(tx_prefix,pub(a2),pub(f4),pub(f5),pub(f6),keyimage(priv(a2)))
}

this one looks more obscure

tx{
prefix= {
input(a1(5 XMR),f4(4 XMR),f2(5 XMR),f6(4 XMR),keyimage(priv(a1)))
input(a2(4 XMR),f1(5 XMR),f5(4 XMR),f3(5 XMR),keyimage(priv(a2)))
output(r1(3 XMR),c1(5 XMR)) ; fee 1 XMR
}
sign(tx_prefix,pub(a1),pub(f4),pub(f2),pub(f6),priv(a1))
sign(tx_prefix,pub(a2),pub(f1),pub(f5),pub(f3),priv(a2))
}

ltcnim

legendary

Activity: 914

Merit: 1001

nvm...

Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1424. (Read 4671575 times)