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Topic: [XMR] Monero Speculation - page 1003. (Read 3314350 times)

full member
Activity: 162
Merit: 100
October 12, 2016, 06:20:00 PM
Nobody  has crystal balls, don't believe every prediction, you could get big losses. Monero price will surely go up, it has solid tech, believe in the technology not someones prediction, spread the word of Monero, Monero is still a baby with just 100 million market cap and so much room to grow, it has solid devs, the code is proven to be non crackable, even if we use all the energy of sun in a computer to crack it. It will rise, believe and it will happen.

Always do your research, keep updated of Monero trough by joining here

https://monero.stackexchange.com


https://www.reddit.com/r/Monero


https://telegram.me/monero


and bitcointalk obviously.

 Smiley Cool Smiley
sr. member
Activity: 434
Merit: 250
October 12, 2016, 05:25:42 PM
What do you guys think  Cool


high probabilty to go below 100 soon. It was already strong in trend to. Latest news only delayed the trend. Could either go up this weekend because of late starters who get the news late and think it's smart to get in fast cause they are emotional and don't figure out the facts before buy. Or it will drop already this weekend, than it will do so fast.
A lot of people bought now at "high" prices (114+)...when sey see that XMR will continue to fall, they will get rid of their coins as fast as they can to minimize loss (what i can totally understand 115-125 down to 80-90 are at least 22% total loss)
Anyway next week it will drop. -strong speculation. Everything can happen at this moment but I don't feel comfortable to buy atm. Short also no option. I still hold a bit but I have already my point where I'll sell and jump in cheaper again -as always Wink

if it will drop below 0.0095 i could even imagine that people who went in really high try to get rid of their coins. At some point everyone accepts the reality. I feel really sorry for everyone who bought above 180 and keeps a really expensive bag now Sad
sr. member
Activity: 243
Merit: 250
October 12, 2016, 04:57:24 PM

Ok, I've got more xmr than I ever want to own again. Be kind and pump this shizzle so I can wash my hands of it.
I say the same thing whenever I hold BTC  Grin  That shitcoin hasn't pumped in a while, however. Too bad, considering that's all it's good for, with transactions taking hours to confirm.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
October 12, 2016, 04:42:59 PM

Ok, I've got more xmr than I ever want to own again. Be kind and pump this shizzle so I can wash my hands of it.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
October 12, 2016, 04:37:50 PM
Has Bytecoin died? I'm holding over 900000 bytes and nothing to show for.

There is a market for it
https://poloniex.com/exchange#xmr_bcn
https://poloniex.com/exchange#btc_bcn
legendary
Activity: 1105
Merit: 1000
legendary
Activity: 1624
Merit: 1008
October 12, 2016, 03:36:02 PM
legendary
Activity: 1722
Merit: 1217
October 12, 2016, 03:32:25 PM

im willing to bet 10k xmr with you on that, it will be out untli end of year.


Happy to escrow if needed.
hero member
Activity: 687
Merit: 500
novag
hero member
Activity: 768
Merit: 505
October 12, 2016, 02:09:26 PM
Just swagging  Cheesy

Are you guys aware of the current fibonacci retracemnet level? We did a precision landing at the golden retracement level Shocked Grin
I think on this basis our way should be up to ~90% from the recent ATH somewhere near the 0,0238 or a decline to the 23,6% level somewhere near the 0,0075 levels  Kiss
At the time speaking, it looks more like a decline from that perspective. What do you guys think  Cool


What time frames are we talking?
sr. member
Activity: 514
Merit: 258
October 12, 2016, 01:52:12 PM
On my charts, xmr broke up from descending wedge, next stop should be around 0.02 range(speculation).

unzoom and redraw it, we still in it  Grin

I have it out...

[img]https://www.tradingview.com/x/kLXlwryt/[/img

I woudn't play that break out...

mweh, my orders are in the low 0.010's
legendary
Activity: 2744
Merit: 1288
October 12, 2016, 01:26:44 PM
Can anyone give me a really strong evidence that Monero is used on the darknet?
I'm curious also what others coins are used? If this is a case Monero price could rise exponentially. Shocked

I guess only buyer or seller can give you this evidence. Since monero is anonymous.
Bitcoin is also used on Alpha Bay, which is biggest dark market,  beside Monero.
legendary
Activity: 1008
Merit: 1001
October 12, 2016, 01:07:59 PM
Just swagging  Cheesy

Are you guys aware of the current fibonacci retracemnet level? We did a precision landing at the golden retracement level Shocked Grin
I think on this basis our way should be up to ~90% from the recent ATH somewhere near the 0,0238 or a decline to the 23,6% level somewhere near the 0,0075 levels  Kiss
At the time speaking, it looks more like a decline from that perspective. What do you guys think  Cool

legendary
Activity: 2268
Merit: 1141
hero member
Activity: 560
Merit: 501
October 12, 2016, 12:41:18 PM
On my charts, xmr broke up from descending wedge, next stop should be around 0.02 range(speculation).

unzoom and redraw it, we still in it  Grin

I have it out...

[img]https://www.tradingview.com/x/kLXlwryt/[/img

I woudn't play that break out...
legendary
Activity: 1008
Merit: 1001
October 12, 2016, 11:19:31 AM
Cannot comment on the Jaxx phone wallet until it adds Monero support but probably is secure enough, especially on iPhone with some sacrifice of privacy. Should still be a hit though. Shitco.in put up an article speculating on how Monero price was manipulated this past month. 

Nice article, i even got quoted in their article  Grin Cheesy
newbie
Activity: 43
Merit: 0
October 12, 2016, 11:16:35 AM

This is well known by people who were around in this period: Bitmonero was a fork of bytecoin.
Bytecoin use the novative cryptonote tech but was probably instamined with the trick of the volontary slow hash mining included in the code.

When forked in Bitmonero,  the dev team which replaced quickly the initial dev of bitmonero  realize the problem and fix it but it took some time and some talented dev such as David Andersen took advantage of the situation with a private miner.

The developers of monero didn't benefits from this. The discussion on this topic between David and Vitalik (from ETH) in the link you provide (comment section) is very informative:



Vitalik Buterin :
 
> Yes - I think we all agree with that general statement, although there will always be situations where specific miners will have advantages.

IMO, correct mining algorithm ethics require you to disclose all information that you know about how to optimize a given algo implementation. But a looser standard is that you should not intentionally cripple an implementation that you release to the public.

From the evidence provided in the article, it seems as though Monero failed both tests, so it perhaps is indeed a premine scam. However, that is a grave accusation, and one that deserves giving the Monero devs a fair chance to respond.

David Andersen:
 
This would be a very reasonable thing to assert if I had anything to do with Monero.  I don't.  In fact, to the best of my knowledge, none of the people who profited from early optimized Monero mining had anything to do with crippling the code in the first place.

Think of it this way:  You step in and inherit a legacy codebase for a promising and interesting new cryptocurrency.  You're immediately beset with demands -- fix bugs, release binaries, answer help questions, etc.  In retrospect, it turns out that the code you took over had been de-optimized by its original creators.  Is that your fault?  Of course not.  What's the standard that we should hold the Monero developers to?  To fix any bugs or deliberate weaknesses as fast as they can after they become aware of it.  To get up to speed and review and understand the codebase they inherited as quickly as a reasonable developer can do.

You're picking your words very carefully, so I suspect you know exactly what game you're playing trying to hint that Monero is a scam while being able to defensively say "well, I only said perhaps", but it's very transparent.  And, personally, I find it mildly offensive that you're twisting what I wrote in the article and ignoring some of the substantive points.

Vitalik Buterin :

What am I twisting?

I have no pre-existing prejudices against Monero, I actually think the cryptonote family has some very cool technology. Of course I am picking my words carefully, it's exactly the correct thing for me to do. Making accusations of malfeasance is not something that I do lightly as part of some kind of competitive PR strategy; I do not "play games". I am merely trying to understand the truth. I also have nothing against you at all; I am completely and utterly perplexed as to the source of the sudden hostility.

So, there exists code that has been deliberately crippled. This is a fact. The only reason I can conceive of for writing crippled mining code is to profit off of your own uncrippled version. Hence, there has been malfeasance on the part of someone, malfeasance that I give the label of "premine scam" because it constitutes (1) dishonest behavior that (2) enables you to mine in large quantities well before anyone else can. If the current Monero developers were not involved in that, then awesome, they are completely cool and legit folks in my view.

David Andersen :

Apologies if I misread what you wrote, but I tried to be quite clear in my article that the developers of Bytecoin, who introduced the slowdown, are very unlikely to have relationships, financial or otherwise, with the current set of developers who've been responsible for bringing Monero to popularity.

I'm pretty sure that the Bytecoin version of this was pure evil, and that it was used not just to get an advantage in mining, but to fake the entire blockchain.  I wouldn't touch that one with a 10 foot bitcoin.  But, while I don't own any more Monero than is in transit from my hardware to the exchange, I don't think that same thing applies to Monero (because, first of all, there was no premine, and second, I know quite accurately who made the profit from the crappy miner, and I know that none of us were Bytecoin developers.)

It's possible that the initial fork-er of Monero, TFT, was complicit.  But he's also out of the picture, and while he might have had a week of fun mining, he wouldn't have gotten much more than that.


Thx for answer Smiley
sr. member
Activity: 445
Merit: 255
October 12, 2016, 11:01:40 AM

This is well known by people who were around in this period: Bitmonero was a fork of bytecoin.
Bytecoin use the novative cryptonote tech but was probably instamined with the trick of the volontary slow hash mining included in the code.

When forked in Bitmonero,  the dev team which replaced quickly the initial dev of bitmonero  realize the problem and fix it but it took some time and some talented dev such as David Andersen took advantage of the situation with a private miner.

The developers of monero didn't benefits from this. The discussion on this topic between David and Vitalik (from ETH) in the link you provide (comment section) is very informative:



Vitalik Buterin :
 
> Yes - I think we all agree with that general statement, although there will always be situations where specific miners will have advantages.

IMO, correct mining algorithm ethics require you to disclose all information that you know about how to optimize a given algo implementation. But a looser standard is that you should not intentionally cripple an implementation that you release to the public.

From the evidence provided in the article, it seems as though Monero failed both tests, so it perhaps is indeed a premine scam. However, that is a grave accusation, and one that deserves giving the Monero devs a fair chance to respond.

David Andersen:
 
This would be a very reasonable thing to assert if I had anything to do with Monero.  I don't.  In fact, to the best of my knowledge, none of the people who profited from early optimized Monero mining had anything to do with crippling the code in the first place.

Think of it this way:  You step in and inherit a legacy codebase for a promising and interesting new cryptocurrency.  You're immediately beset with demands -- fix bugs, release binaries, answer help questions, etc.  In retrospect, it turns out that the code you took over had been de-optimized by its original creators.  Is that your fault?  Of course not.  What's the standard that we should hold the Monero developers to?  To fix any bugs or deliberate weaknesses as fast as they can after they become aware of it.  To get up to speed and review and understand the codebase they inherited as quickly as a reasonable developer can do.

You're picking your words very carefully, so I suspect you know exactly what game you're playing trying to hint that Monero is a scam while being able to defensively say "well, I only said perhaps", but it's very transparent.  And, personally, I find it mildly offensive that you're twisting what I wrote in the article and ignoring some of the substantive points.

Vitalik Buterin :

What am I twisting?

I have no pre-existing prejudices against Monero, I actually think the cryptonote family has some very cool technology. Of course I am picking my words carefully, it's exactly the correct thing for me to do. Making accusations of malfeasance is not something that I do lightly as part of some kind of competitive PR strategy; I do not "play games". I am merely trying to understand the truth. I also have nothing against you at all; I am completely and utterly perplexed as to the source of the sudden hostility.

So, there exists code that has been deliberately crippled. This is a fact. The only reason I can conceive of for writing crippled mining code is to profit off of your own uncrippled version. Hence, there has been malfeasance on the part of someone, malfeasance that I give the label of "premine scam" because it constitutes (1) dishonest behavior that (2) enables you to mine in large quantities well before anyone else can. If the current Monero developers were not involved in that, then awesome, they are completely cool and legit folks in my view.

David Andersen :

Apologies if I misread what you wrote, but I tried to be quite clear in my article that the developers of Bytecoin, who introduced the slowdown, are very unlikely to have relationships, financial or otherwise, with the current set of developers who've been responsible for bringing Monero to popularity.

I'm pretty sure that the Bytecoin version of this was pure evil, and that it was used not just to get an advantage in mining, but to fake the entire blockchain.  I wouldn't touch that one with a 10 foot bitcoin.  But, while I don't own any more Monero than is in transit from my hardware to the exchange, I don't think that same thing applies to Monero (because, first of all, there was no premine, and second, I know quite accurately who made the profit from the crappy miner, and I know that none of us were Bytecoin developers.)

It's possible that the initial fork-er of Monero, TFT, was complicit.  But he's also out of the picture, and while he might have had a week of fun mining, he wouldn't have gotten much more than that.
sr. member
Activity: 308
Merit: 250
October 12, 2016, 10:43:44 AM
Can anyone give me a really strong evidence that Monero is used on the darknet?
I'm curious also what others coins are used? If this is a case Monero price could rise exponentially. Shocked
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