Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 75. (Read 4671113 times)

Maybe they think the price is not cheap enough! There are also many projects with very low valuations!

Not everybody is rich and making money with investing... In fact, most of the people are losing money when investing.
By the way, why they can't buy Monero right now? It's actually priced very low so they can buy more XMR with less $. And the general economic situation is pretty good too. So people should have some spare money to make investments.
Don't note it... "Just do it!" - Nike.

That's hardcore words, not everybody can buy in such market as we are watching now.
I will note these words.

Monero (XMR) is a distributed ledger project touted as one of the world’s leading privacy-centric coins. The Monero project has carved out a deep niche in its respective community by placing heavy emphasis around being private, electronic cash. While the system itself utilizes the same UTXO structure as Bitcoin, it’s design shifts in the way these UTXO’s are packaged and broadcast to the network, utilizing one-time ring signature architecture, effectively creating an unlinkable transaction where an on looking third party cannot identify the output.

Guys be sure you will be ready for 30 Nov  Important not new coin will be created, is a fork but not a split fork as bch did

General information about the scheduled network upgrade
    
October 24 - Code freeze

October 31 - Targeted v0.15 release date

November 30 - Network upgrade

Approximately the 30th of November there will be a scheduled network upgrade on the Monero network. To be sufficiently prepared, a user, service, merchant, pool operator, or exchange should run CLI v0.15 or GUI v0.15. The scheduled network upgrade introduces a few major changes. First and foremost, a new long-term Proof-of-Work algorithm, namely RandomX, will be introduced. Miners therefore ought to upgrade their mining software as well. Second, long payment IDs will be phased out in order to improve privacy and user experience as well as reduce support work for services and exchanges. Third, transactions will now require at least two outputs. Fourth, the ten block (approximately twenty minutes) lock time for incoming transactions will be enforced on the protocol level. Both these changes will improve privacy for the user as well as for the whole network.

A few notes:

    RandomX was successfully audited by four independent audit teams.

    The Monero Outreach team wrote an informative article about RandomX.

    A tentative fork height was set, namely block 1978433 (~17:00 UTC on 30th November).

    Due to variance the scheduled network upgrade will take place on or around the 30th of November. There is, however, no specific date as the hard fork will be triggered by a specific blockheight.


How do I upgrade and ensure I am sufficiently prepared?

There will be more elaborate instructions once the v0.15 release binaries are published. However, it essentially boils down to upgrading your software (either the CLI or the GUI) to v0.15. This will ensure you are sufficiently prepared for the scheduled protocol upgrade.

In case you are using a third party wallet, please see below.

Paper wallet:

You don't have to do anything. However, if you want to restore a wallet after the scheduled network upgrade, you need to use the new v0.15 software.

MyMonero (web):

You don't have to do anything, as MyMonero will be properly upgraded in advance of the scheduled network upgrade.

Third-party desktop wallets (e.g. MyMonero):

There will be no changes to the transaction format. As such, third-party desktop wallets merely have to upgrade their back-end software. That being said, they may also release a new version.

Mobile wallets:

    Mobile wallets utilizing a remote node (e.g. Cake Wallet, Monerujo, X Wallet, and Wookey) will have to release a new version in order to remain compatible. Users ought to upgrade to this new version.

    Mobile wallets utilizing a light server (e.g. MyMonero, Edge Wallet, ZelCore, Coinomi, Guarda Wallet, and Exa Wallet) merely have to upgrade their back-end software (given that there are no changes to the transaction format). That being said, they may also release a new version.

Solo mining:

This process is similar to the upgrade process for the CLI or the GUI.

Pool mining:

Your pool operator should upgrade to the new version. In addition, you should update your mining software to the latest version (the one that includes code to accommodate RandomX).


Info taken from  https://www.reddit.com/r/Monero/comments/d884zt/preliminary_information_thread_regarding_the/

I remember best Korea seemed to have somewhat of an interest in Romero.

Yup, the world follows Korea...we're doomed!

It remains to be seen. In Korea, privacy coins such as Monero are being delisted which was reported to be coming from regulatory pressure. The key is always usage - as long as many are using Monero for private transactions, it will always have value.

Unbelievable how many coins have died since winter 2018, but Monero is still the one I think has a great future ahead!

"Buy when there's blood in the streets, even if the blood is your own." -Baron Rothschild

Hm, maybe you’re right, just few people are talking about this coin now... Everything that you wrote is good, but unfortunately it didn’t affect the price.

To be fair, the switch to RandomX has essentially been known since February / March. As such, GPU miners have had plenty of time to make plans on how to deal with the change. Furthermore, GPU mining will still be viable (though CPUs will definitely have an advantage).

Thank you dEBRUYNE. I like RandomX and hope Monero will stay ASIC resistant even if it pisses of all GPU miners. I'm one of them and will have to point the cards elsewhere but still happy if it keeps the network healthy.

Great point! Monero is currently sitting at 0.00711342 BTC, Bytecoin aboooouuuutttt  0.00000005 BTC. Anyone who wants to take a risk in crypto has to see some kind of potential in it. People are greedy AF, if they can't see their money coming back with profit, they'll go elsewhere.

Because I'm new here and you're the master of all things Crypto, can you tell me why all the greedy people invested in Monero instead of Bytecoin? Thank you very much.

Maybe monero is currently being hit by a deadlock of ideas, but in my opinion it's fine if the monero is currently very good in the market.

This is nonsense, see:


A full list of available wallets can be found here:

https://www.reddit.com/r/Monero/comments/d78ny7/rmonero_weekly_discussion_september_21_2019_use/

If you make a comparison to 2017, you will see that there is a significant difference.

But still, there are no interesting partnerships or updates, no new wallets, it’s still the same Monero as two years ago.

it's a CLONE of bytecoin...umm yes it's a living breathing shit-coin pumped by GOLDMAN SACHS bruh.    you new here?

Monero is and remained in Top20 for many years, anyone calling alt like this a shitcoin isn't clever at all. So many private coins only dream about getting where Monero is.





I know, the price dropped against BTC a lot, so did the rest of the market. If you're holding XMR just to get rich quick, you simply have to wait a bit longer for the alt season. If you value your privacy, especially for your shopping, Monero is the right coin for you.

thx, dEBRUYNE