Author

Topic: [XMR] Monero Speculation - page 113. (Read 3313076 times)

legendary
Activity: 2730
Merit: 1288
February 01, 2020, 01:40:54 PM
I treat Hardware wallets as my private keys. If I lose my Hardware wallet I will as fast as possible empty those wallets to new hardware wallet.  It is that simple.


                 Monero    Bitcoin         Ratio
Jan 2020    257,942   9,612,337   2.68%
Dec 2019   216,720   9,430,057   2.30%
Nov 2019   212,716   9,243,776   2.30%
Oct 2019   179,114   9,892,853   1.81%
Sep 2019   159,225   9,798,992   1.62%


Number of Monero transactions constantly and steadily increase from September while Bitcoins number is almost stable.  If we transplant the % rate into 0.0268BTC we are over $250.
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
February 01, 2020, 12:29:38 AM
I know it is known Trezor T now fully supports Monero, but this short blog post adds a bit of background information to the whole process. Took more than a year to get developed and tested:

https://blog.trezor.io/trezor-model-t-is-fully-integrated-into-the-official-monero-client-b6f9bd31e7f

For fuck sakes, I just specifically bought a Ledger for XMR.

(Ledger blows vs Trezor)

Did you see this recent post: 
https://blog.kraken.com/post/3662/kraken-identifies-critical-flaw-in-trezor-hardware-wallets/

I've not seen that post.  Thank you very much.
hero member
Activity: 1873
Merit: 840
Keep what's important, and know who's your friend
January 31, 2020, 09:08:57 PM
I know it is known Trezor T now fully supports Monero, but this short blog post adds a bit of background information to the whole process. Took more than a year to get developed and tested:

https://blog.trezor.io/trezor-model-t-is-fully-integrated-into-the-official-monero-client-b6f9bd31e7f

For fuck sakes, I just specifically bought a Ledger for XMR.

(Ledger blows vs Trezor)

Did you see this recent post: 
https://blog.kraken.com/post/3662/kraken-identifies-critical-flaw-in-trezor-hardware-wallets/

Only worrisome if you are proned to physical attacks. Unless you are not confident where you live or transact with a Trezor on droid or something, then I wouldn’t worry about it. Or just use a BIP 39 passphrase
legendary
Activity: 3136
Merit: 1116
January 31, 2020, 09:01:08 PM
I know it is known Trezor T now fully supports Monero, but this short blog post adds a bit of background information to the whole process. Took more than a year to get developed and tested:

https://blog.trezor.io/trezor-model-t-is-fully-integrated-into-the-official-monero-client-b6f9bd31e7f

For fuck sakes, I just specifically bought a Ledger for XMR.

(Ledger blows vs Trezor)

Did you see this recent post: 
https://blog.kraken.com/post/3662/kraken-identifies-critical-flaw-in-trezor-hardware-wallets/
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
January 31, 2020, 08:58:12 PM
I know it is known Trezor T now fully supports Monero, but this short blog post adds a bit of background information to the whole process. Took more than a year to get developed and tested:

https://blog.trezor.io/trezor-model-t-is-fully-integrated-into-the-official-monero-client-b6f9bd31e7f

For fuck sakes, I just specifically bought a Ledger for XMR.

(Ledger blows vs Trezor)
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
January 31, 2020, 12:54:38 PM
Volume steadily increasing lately it might be time to sell. Cheesy

j/k
hero member
Activity: 1873
Merit: 840
Keep what's important, and know who's your friend
January 31, 2020, 12:08:40 PM
Monerians Monerians

The time is upon us please make your way calmly to the space arks, volume rising


-snip-

I love my bullish charts to be denominated in BTC Grin

Always hard to tell what xmr is actually doing in the space when you are looking at USD
legendary
Activity: 2646
Merit: 2842
Shitcoin Minimalist
January 31, 2020, 11:43:09 AM
Looking good. We've gained a lot of ground so far this year.
legendary
Activity: 2702
Merit: 2053
Free spirit
January 30, 2020, 05:37:29 PM
USD Monero, gigedy



legendary
Activity: 2702
Merit: 2053
Free spirit
January 30, 2020, 05:27:40 PM
Monerians Monerians

The time is upon us please make your way calmly to the space arks, volume rising


legendary
Activity: 2702
Merit: 2053
Free spirit
January 30, 2020, 05:11:54 PM
Tied up in kyc I wished to flip half to btc at that  point but was unable.

Since then you know what it has been

Decimated is a good term
legendary
Activity: 2604
Merit: 1748
January 30, 2020, 04:44:43 PM
In the old days XMR always used to be last to pump, presumably because that's the final cash out.

True, it peaked in January 2018 after Bitcoin's 2017 top had started tumbling back down.

It was a great opportunity to get something out of the bubble after it had obviously popped, which fortunately I actually did - it was around 30 XMR for one 14K BTC at one point in January.  Of course I didn't cash in anything like as much as I should have (with hindsight).

What I hadn't considered was that the rise was a 'final cash out' factor, which may indeed be part of the picture. I already had some, so I wasn't seeing it from the perspective of buying it for that purpose.  It's certainly useful if Monero follows BTC rises but with a lag, which it has gone through phases of.


P.S. My last post seems to have been appreciated, thanks for the merit.  I shall pass them on.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
January 30, 2020, 01:56:33 PM
I know it is known Trezor T now fully supports Monero, but this short blog post adds a bit of background information to the whole process. Took more than a year to get developed and tested:

https://blog.trezor.io/trezor-model-t-is-fully-integrated-into-the-official-monero-client-b6f9bd31e7f
legendary
Activity: 2702
Merit: 2053
Free spirit
January 30, 2020, 01:27:49 PM
In the old days XMR always used to be last to pump, presumably because that's the final cash out.

legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
January 30, 2020, 01:14:47 PM
Good stuff in this old thread. Wink

So... Monero chugs along holding it value mostly while Zcash rockets up in spite of (or because of?) recent announcements to continue to enrich it's "founder" or "devs".

Speculation as to what drives this?

There is no doubt the tech behind Zcash is interesting, though flawed fundamentally. 

It is obviously a fav of Brian Armstrong, the Winklevii and VCs.  I just wonder when this madness ends and they stop chasing after scams and the tour de force that Monero is takes it's rightful place.
legendary
Activity: 2604
Merit: 1748
January 30, 2020, 09:42:47 AM
A blast-off in the ratio is days away.

Blast off in the ratio?

THESE 15 MINUTES ARE CRUCIAL
Wink

Honestly guys just look at the coinmarketcap top 20 and think of all the actual use cases for each of them.  We're going to be fiiiine.  Open up yourself a bottle of Barolo, kick back and relax.

Agreed.  There's a bottle around somewhere, I will check.  Meanwhile, let me muse a little.

Use cases?  I actually think privacy in one's financial affairs is vital.  

Of course privacy is a way bigger issue than just with your finances.  Facial recognition, internet histories... big data acquiring more and more of your personal information when it's probably far too much already.  People are starting to think about things they put up online in the past - and pictures on social media are already being saved, or scraped en masse just to refine facial recognition software and make it better (it is still very fallible, but will of course improve).

Soon it is plausible you may have been seen near a murder scene, when the police are under pressure to arrest someone, and then you become a suspect in a case where there is no other suspect - in spite of your total innocence.  Yes, it's likely you can prove it wasn't you, but who wants to be an accidental murder suspect?  And let's face it, proof that you didn't do something can be quite tough.

Financially dots are being joined on a huge scale, too.  Coinbase has tech that can track your coins after you withdraw them, just to see where they go.  Guilt by accidental association is a risk. 'Drugs', 'terrorism' and other heinous categories of crime are things that don't sound good in court if you have an association with them through your financial movements, even if these movements are actually innocent.

OK, I guess we're more likely to be hounded for tax, than arrested for murder.  

However, it comes down to this: Privacy is an intrinsic part of freedom. You may think of privacy as something that should be a right.  Your state will probably not agree in more cases than you can think of.  This is a time where our freedoms are being encroached upon more than ever, and many states are increasingly beefing up the powers they have to protect what they see as their interests.

I recently got asked at a Christmas drinks party about Bitcoin by one of my neighbors. I had mentioned it once before a couple of parties back, and he remembered and brought it up.  'So, explain to me what Bitcoin is'.  I answered in simple terms, explaining it was designed as a way to transact directly and transfer value to anyone, anywhere without needing a third party.

He said 'OK, but why do I need this when I can easily do that with my bank, my visa card..?'  I said, 'You can, yes - as long as they let you. Do you trust these organisations to never change the rules, freeze your money though - or even your government to intervene in some way?'.

Then another man chipped in, someone I didn't expect to.  He is a very smart professor - pretty conservative as a rule.  However, he joined in, saying 'I remember the UK in the 1970's. We had a currency in trouble and the government introduced capital controls, meaning the most we were allowed to take of the country if we travelled abroad was £50'

The prof. then pointed out that in Venezuela the government recently nationalised all pensions, basically stealing all the money and replacing it with a new, worthless currency.  

My neighbor went quiet, it was enough to get him thinking.

So how does this all relate to Monero?  In essence we all want freedom, but you need privacy to ensure it.


TLDR:
If you hold Bitcoin, you have financial sovereignty; a good chance of protecting your wealth from unforeseen adverse circumstances.

BUT
With Monero you have privacy, too.  So you have the same financial sovereignty to offer you protection, but no one will know about it.
hero member
Activity: 1873
Merit: 840
Keep what's important, and know who's your friend
January 29, 2020, 04:06:02 PM
A blast-off in the ratio is days away.

Blast off in the ratio?

THESE 15 MINUTES ARE CRUCIAL
Wink

Honestly guys just look at the coinmarketcap top 20 and think of all the actual use cases for each of them.  We're going to be fiiiine.  Open up yourself a bottle of Barolo, kick back and relax.
legendary
Activity: 2730
Merit: 1288
January 29, 2020, 03:33:38 PM
A blast-off in the ratio is days away.

Blast off in the ratio?

I guess the XMR - BTC ratio. There were many bullish charts in last days. hopefully thy will be fruitful.  Smiley
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
January 29, 2020, 12:00:41 PM
A blast-off in the ratio is days away.

Blast off in the ratio?
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
January 29, 2020, 09:29:05 AM
Yeah.  That's good stuff.  Important topic, and certainly one of the concepts that will be used against Monero.

Yup, that's what I thought too.  It's a risk but transparent ledgers are a risk too.  A different kind but still a risk nevertheless.
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