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Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1425. (Read 4671575 times)

member
Activity: 112
Merit: 10
A miner here.

Currently I use Claymore's miner with AMD cards.  I pay a 5% dev fee, which I think is a bit too high, but I acknowledge that the dev deserves something for his/her efforts.

If XMR devs were to create an equivalent or better Windows64 AMD miner with a 4% fee going to the XMR devs I reckon that would be a win/win.


Something to think about.


Big +1

Claymore's is the best available, but comparitively speaking, 5% is highway robbery and he knows it. But when you have no other suitable alternatives, you pay. I would MUCH rather that percentage went to the devs...

that's a great idea for dev fundraising

close to the original bytecoin idea ... don't opensource the good miner & instead profit from it Wink
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
Btw - Smooth - did you get to the bottom of BCX allegations on cryptonote? We should all be interested if there is any truth to it!

We are investigating it. I'm sure the other CN projects are as well. Agreed we are all in the same boat here.

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.

He's a valuable resource to call upon in Troll Block type critical situations and your respective sister projects share code, so why not also get his input for planning Monero Research Lab expenditures?  He'll probably agree with the rest of the team's priorities 80% of the time, and his reasons for the 20% disagreement should be taken into consideration.  XMR owes CN a debt of honor, and granting CZ one of nine seats at the table is an optimal way to repay it, given his probable affiliation with the original code.

Having a 'frenemy' on the team is intended to help keep the rest of you honest and away from groupthink.  CZ is the only publicly known and qualified person available for that role.  That you would prefer to keep the group homogeneous by including non-experts instead of a CN wunderkind is truly bizarre.

Also bizarre is that I've already explained these reasons, and yet some people seem unable to read and comprehend any words besides "CZ."   Wink

Risto has taken the initiative to provide XMR massive social and financial backing, and it would be equally bizarre to exclude him from the decision making process.
legendary
Activity: 3444
Merit: 1061
A miner here.

Currently I use Claymore's miner with AMD cards.  I pay a 5% dev fee, which I think is a bit too high, but I acknowledge that the dev deserves something for his/her efforts.

If XMR devs were to create an equivalent or better Windows64 AMD miner with a 4% fee going to the XMR devs I reckon that would be a win/win.


Something to think about.


Big +1

Claymore's is the best available, but comparitively speaking, 5% is highway robbery and he knows it. But when you have no other suitable alternatives, you pay. I would MUCH rather that percentage went to the devs...

that's a great idea for dev fundraising
full member
Activity: 198
Merit: 100
A miner here.

Currently I use Claymore's miner with AMD cards.  I pay a 5% dev fee, which I think is a bit too high, but I acknowledge that the dev deserves something for his/her efforts.

If XMR devs were to create an equivalent or better Windows64 AMD miner with a 4% fee going to the XMR devs I reckon that would be a win/win.


Something to think about.


Big +1

Claymore's is the best available, but comparitively speaking, 5% is highway robbery and he knows it. But when you have no other suitable alternatives, you pay. I would MUCH rather that percentage went to the devs...
hero member
Activity: 658
Merit: 503
Monero Core Team
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.
There is also a conjecture I've heard that Ethereum is dumping a lot. Why they would be in such a hurry to sell I have no idea. Maybe they got a bill from their lawyer.
I think Ethereum story is more credible. The money which can flow out of BTC is too small compared to the one in stock market/foreign exchanges.
Ethereum is cashing out. They announce it in advance and the last round of cashing out is now.
member
Activity: 65
Merit: 10
I'm glad the dev team is still so dedicated. Smiley
Hope you have better donating system before scum starts to attack Monero again (which I hope won't hapen or won't succeed).
hero member
Activity: 658
Merit: 503
Monero Core Team

Party rock is in the house tonight
"Every payday I'm monering"
legendary
Activity: 1154
Merit: 1001
You better have damn pressed [Y] there!  Grin
~ Myagui

Edit: Thank you for checking fluffy, much appreciated!
donator
Activity: 1274
Merit: 1060
GetMonero.org / MyMonero.com
@fluffy, awesome intro on the openalias project.

Can you please check if I've configured an XMR alias correctly at the following DNS location:
myagui.monujo.com

It's not a secured domain or anything at this time, I just wanted to check if I got the implementation basics right.
Thanks!
~ Myagui

100% -

[ ric->bitmonero ]$ host -t TXT myagui.monujo.com
myagui.monujo.com descriptive text "oa1:xmr recipient_address=41goTv5ma7GZeiRKfdNisLGHPbYTPxtMs3mjH8NExEneNB2s9fasBrehsoMRESpJApXqcvqn7PMU3W1SpjNokA1a9d7ujyr\; recipient_name=Myagui\;"


Looks good, and -

[wallet 48NGTd]: transfer 0 myagui.monujo.com 10
For URL: myagui.monujo.com,DNSSEC validation FAILED!
 Monero Address = 41goTv5ma7GZeiRKfdNisLGHPbYTPxtMs3mjH8NExEneNB2s9fasBrehsoMRESpJApXqcvqn7PMU3W1 SpjNokA1a9d7ujyr
Is this OK? (Y/n)
legendary
Activity: 1470
Merit: 1007
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.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
The money which can flow out of BTC is too small compared to the one in stock market/foreign exchanges.

You are using opposite logic.  It leads to bizarro results.  GBP and BABA are enormous.  They are sucking the air out of every room, no matter how tiny it is.
Yes, the money flowing from crypto into legacy is tiny compared to the size of the BABA IPO.  That fact is not in any way relevant to the conclusion you are drawing.

An example of a reasonable inference:  BTC is tiny. Therefore the money flowing out of BTC into BABA will not significantly impact the price of BABA.
An example of an unreasonable inference:  BTC is tiny.  Therefore the money flowing out of BTC into BABA will not significantly impact the price of BTC.
A drop in the ocean may not mean anything to the ocean, but it does mean a big lifestyle change for the drop.


legendary
Activity: 2968
Merit: 1198
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.

There is also a conjecture I've heard that Ethereum is dumping a lot. Why they would be in such a hurry to sell I have no idea. Maybe they got a bill from their lawyer.


I think Ethereum story is more credible. The money which can flow out of BTC is too small compared to the one in stock market/foreign exchanges.

Another one is China money (and I suppose some non-China money) flowing out to speculate on the Alibaba IPO.

EDIT: Oops, didn't see that was already mentioned a few quoted levels back.
sr. member
Activity: 462
Merit: 250
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.

There is also a conjecture I've heard that Ethereum is dumping a lot. Why they would be in such a hurry to sell I have no idea. Maybe they got a bill from their lawyer.


I think Ethereum story is more credible. The money which can flow out of BTC is too small compared to the one in stock market/foreign exchanges.
legendary
Activity: 2968
Merit: 1198
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.

There is also a conjecture I've heard that Ethereum is dumping a lot. Why they would be in such a hurry to sell I have no idea. Maybe they got a bill from their lawyer.

legendary
Activity: 1414
Merit: 1000
{
  prefix= {
     input(a1(5 XMR),f1(5 XMR),f2(5 XMR),f3(5 XMR),keyimage(priv(a1)))
     output(r1(3 XMR),c1(1 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f1),pub(f2),pub(f3),keyimage(priv(a1)))
}

Different version with two inputs:

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)))
}

Can I use foreign unspent output or this public keys are not known ?

Yes you can use unspent outputs. There is no unspent hash format in the blockchain the way there is for bitcoin.


Looks, it is good. :-) Thank you for your time. I must absorb new information.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
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.



legendary
Activity: 1154
Merit: 1001
We're starting the #Monero-Dev Fireside Chat #2 shortly, just a reminder for those that want to watch -

https://plus.google.com/b/101861896996947433029/events/c8094ts82ggh0mpkffu4ja5kohg

http://www.youtube.com/watch?v=s9gH2ndAAkE

@fluffy, awesome intro on the openalias project.

Can you please check if I've configured an XMR alias correctly at the following DNS location:
myagui.monujo.com

It's not a secured domain or anything at this time, I just wanted to check if I got the implementation basics right.
Thanks!
~ Myagui
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
its already fairy accepted.
not that there's anything wrong with that.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
I found the inclusion of CZ to be bizarre

I don't see why the Czech Republic shouldn't get a voice.
legendary
Activity: 2968
Merit: 1198
{
  prefix= {
     input(a1(5 XMR),f1(5 XMR),f2(5 XMR),f3(5 XMR),keyimage(priv(a1)))
     output(r1(3 XMR),c1(1 XMR)) ; fee 1 XMR
  }
  sign(tx_prefix,pub(a1),pub(f1),pub(f2),pub(f3),keyimage(priv(a1)))
}

Different version with two inputs:

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)))
}

Can I use foreign unspent output or this public keys are not known ?

Yes you can use unspent outputs. There is no unspent hash format in the blockchain the way there is for bitcoin.


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