[XMR] Monero Speculation - page 1151.

Drhiggins

sr. member

Activity: 306

Merit: 251

Quote from: dEBRUYNE on August 30, 2016, 05:36:27 AM

Quote from: Drhiggins on August 29, 2016, 08:02:20 PM

Quote from: explorer on August 29, 2016, 07:40:55 PM

Quote from: Drhiggins on August 29, 2016, 06:30:40 PM

...and the good news just continues to roll down the pike. Article after article. Things are looking good for the moment.

And 240 active nodes. I *think* that's the highest I've seen. Goes with the current 26MH/s nicely.

I noticed it was up around 245 earlier today. Did not see any additional activity in China though.

Total nodes is at 416 currently:

https://monerohash.com/nodes-distribution.html

It was up at 455 about 6:30am EST. Lots more activity in China and Asia even New Zealand got a node up and rolling. I think the price has gotten some attention in China LOL. The more nodes the better.

RayX12

hero member

Activity: 952

Merit: 552

Does anyone know what could be expected from Alphabay Market regarding TPS and BTC volume.

MoneroMooo

legendary

Activity: 1276

Merit: 1001

This is 1700 tps is NOT a good thing to get hung up on.

This is an extrapolation of what a particular bit of the code can handle (the signature verification code that NoodleDoodle optimized). As dEBRUYNE_1 mentions on that link, it is conditional on other things. And it was on some particular machine.

Now, with RingCT, this dropped a lot. RingCT is not optimized yet. At the moment, I get ~10 a second on my old laptop.

Now that I've scared you all, I hope you do remember that waving a number like that is not helpful. There is no such thing as "can monero handle X transactions per second" ? There is such a thing as "can this particular setup handle X transactions per second".

So, please, don't go around and claim monero does 1700 tps or that it shows monero is 242 times as good as bitcoin. Just view this as "this particular thing isn't a bottleneck" to scaling.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

and the physical types of limitation are naturally broken down over time

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: sparky999 on August 30, 2016, 05:17:22 AM

Monero can handle a lot of transactions, from memory it was estimated to be something like 80%+ of what Visa currently does

80% of what Visa does is very aggressive and optimistic. I won't say it is impossible. Indeed Monero doesn't have "hard limits" and if we are willing to put the nodes in data centers (even many data centers spread around the world), then the transaction rate can be very, very high compared to Bitcoin. Bitcoin could also do this if it put nodes in data centers, but it would also need a social consensus to remove the hard limits and design ways to do that (dynamic block size, etc.). Monero would new fewer design changes or perhaps none at all.

The reddit link posted here quotes some numbers that are CPU-only and ignores bandwidth and storage concerns (as stated there). Even cheap consumer-grade storage isn't really a concern though, up to about 100 TPS. Bandwidth will be okay for some people in some markets and a show stopper for others. But it can be done.

So, ultimately, what it comes down to is we are limited more by the physical technologies (CPU, bandwidth, and storage; mostly bandwidth) and how that ties in with the desired degree of centralization, and not by hard limits in the coin design itself.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: dEBRUYNE on August 30, 2016, 05:36:27 AM

Quote from: Drhiggins on August 29, 2016, 08:02:20 PM

Quote from: explorer on August 29, 2016, 07:40:55 PM

Quote from: Drhiggins on August 29, 2016, 06:30:40 PM

...and the good news just continues to roll down the pike. Article after article. Things are looking good for the moment.

And 240 active nodes. I *think* that's the highest I've seen. Goes with the current 26MH/s nicely.

I noticed it was up around 245 earlier today. Did not see any additional activity in China though.

Total nodes is at 416 currently:

https://monerohash.com/nodes-distribution.html

Yeah, the 2hr doubling was pretty impressive, if suspect.
https://bitcointalksearch.org/topic/m.16085766

Regardless. Bullish Grin

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: sparky999 on August 30, 2016, 05:17:22 AM

Quote from: nanobrain on August 30, 2016, 04:48:29 AM

Quote from: Febo on August 30, 2016, 02:58:06 AM

Quote from: nanobrain on August 29, 2016, 11:40:57 PM

Roger Ver makes a good point here
https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274.html#p29049

"Monero... hasn't been heavily tested with actual users yet.
It would only take one thing to go wrong technically for most, or all of the market cap to disappear."

The thoughts of those more technically minded....?

That is just the usual thing with investment advices in crypto. Buy as much as you can afford to lose. Any crypo can be worth really little if there is some mathematical fault in it that make it work insecure.
Bitcoin had more years to find such flaws. Monero only 2. So from this angle Monero is riskier.

Thanks, but that's not what I was asking and I don't think what RV was alluding to (read the rest of his post)

In 2013 BTC went 'mainstream' and even though it had had years to prepare the infrastructure wasn't there when heavy traffic ramped up, either technical, administrative or social. "why didnt we get the infrastructure sorted out first" was a common comment while MK bounced off with everyone's money, frappacino in hand. BTC is still recovering and the segwit/block size debate shows technical infrastructure was low down the list when everyone was raking in cash.

So, I'm asking very specifically for those technically minded, has XMR learnt from BTCs mistakes, is the network prepared to handle 4, 8, 16 times more daily tx, is the network stable, is a 51% attack an issue.....I don't know if any of these things are even the questions to ask. And I appreciate this is the speculation thread and I should mooch over the other forum. But these questions do impact on ones investment.

Monero can handle a lot of transactions, from memory it was estimated to be something like 80%+ of what Visa currently does

Edit - found this on Reddit

https://www.reddit.com/r/Monero/comments/3yrazw/what_is_moneros_theoretical_maximum_transaction/

Awesome, thanks for sharing that link. I knew XMR could handle a lot of transactions but didn't realise it was so high! =)

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: Drhiggins on August 29, 2016, 08:02:20 PM

Quote from: explorer on August 29, 2016, 07:40:55 PM

Quote from: Drhiggins on August 29, 2016, 06:30:40 PM

...and the good news just continues to roll down the pike. Article after article. Things are looking good for the moment.

And 240 active nodes. I *think* that's the highest I've seen. Goes with the current 26MH/s nicely.

I noticed it was up around 245 earlier today. Did not see any additional activity in China though.

Total nodes is at 416 currently:

https://monerohash.com/nodes-distribution.html

sparky999

sr. member

Activity: 473

Merit: 250

Quote from: nanobrain on August 30, 2016, 04:48:29 AM

Quote from: Febo on August 30, 2016, 02:58:06 AM

Quote from: nanobrain on August 29, 2016, 11:40:57 PM

Roger Ver makes a good point here
https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274.html#p29049

"Monero... hasn't been heavily tested with actual users yet.
It would only take one thing to go wrong technically for most, or all of the market cap to disappear."

The thoughts of those more technically minded....?

That is just the usual thing with investment advices in crypto. Buy as much as you can afford to lose. Any crypo can be worth really little if there is some mathematical fault in it that make it work insecure.
Bitcoin had more years to find such flaws. Monero only 2. So from this angle Monero is riskier.

Thanks, but that's not what I was asking and I don't think what RV was alluding to (read the rest of his post)

In 2013 BTC went 'mainstream' and even though it had had years to prepare the infrastructure wasn't there when heavy traffic ramped up, either technical, administrative or social. "why didnt we get the infrastructure sorted out first" was a common comment while MK bounced off with everyone's money, frappacino in hand. BTC is still recovering and the segwit/block size debate shows technical infrastructure was low down the list when everyone was raking in cash.

So, I'm asking very specifically for those technically minded, has XMR learnt from BTCs mistakes, is the network prepared to handle 4, 8, 16 times more daily tx, is the network stable, is a 51% attack an issue.....I don't know if any of these things are even the questions to ask. And I appreciate this is the speculation thread and I should mooch over the other forum. But these questions do impact on ones investment.

Monero can handle a lot of transactions, from memory it was estimated to be something like 80%+ of what Visa currently does

Edit - found this on Reddit

https://www.reddit.com/r/Monero/comments/3yrazw/what_is_moneros_theoretical_maximum_transaction/

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: Febo on August 30, 2016, 02:58:06 AM

Quote from: nanobrain on August 29, 2016, 11:40:57 PM

Roger Ver makes a good point here
https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274.html#p29049

"Monero... hasn't been heavily tested with actual users yet.
It would only take one thing to go wrong technically for most, or all of the market cap to disappear."

The thoughts of those more technically minded....?

That is just the usual thing with investment advices in crypto. Buy as much as you can afford to lose. Any crypo can be worth really little if there is some mathematical fault in it that make it work insecure.
Bitcoin had more years to find such flaws. Monero only 2. So from this angle Monero is riskier.

Thanks, but that's not what I was asking and I don't think what RV was alluding to (read the rest of his post)

In 2013 BTC went 'mainstream' and even though it had had years to prepare the infrastructure wasn't there when heavy traffic ramped up, either technical, administrative or social. "why didnt we get the infrastructure sorted out first" was a common comment while MK bounced off with everyone's money, frappacino in hand. BTC is still recovering and the segwit/block size debate shows technical infrastructure was low down the list when everyone was raking in cash.

So, I'm asking very specifically for those technically minded, has XMR learnt from BTCs mistakes, is the network prepared to handle 4, 8, 16 times more daily tx, is the network stable, is a 51% attack an issue.....I don't know if any of these things are even the questions to ask. And I appreciate this is the speculation thread and I should mooch over the other forum. But these questions do impact on ones investment.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Well, this has definitely been a fun week or so Grin

I don't have any insightful predictions to offer, but the following post did bring to mind some anecdotal info for whatever that's worth...

Quote from: nioc on August 29, 2016, 11:03:01 AM

Yesterday morning I was on a break at work, yes Sunday, when I received a call from my gf who is out of town. During our conversation she commented that I sounded "exceedingly calm". You guys might be excited but this is what this upswing has done for my mood.

She knows of btc and Monero and my involvement but is limited in her understanding of them or my personal holdings. She has had opportunity to invest but has declined. When she hears of the recent rise she will inevitably ask why I didn't get her some Tongue

So yesterday I bought her some @0.0143 that she as yet doesn't know. Of course any profits will be hers and any loses will be mine Grin

Buying @0.0143 Shocked

I must be crazy Undecided

I have been bleating on about bitcoin to any of my friends that would listen since before the 32 dollar spike. After that crash, all my friends just said "told you so" and would no longer put up with my crap.

Fast forward several years and in the past week I've had two friends call to ask how they can "get in on this Monero thing".

I think there is a substantial number of people that had heard about bitcoin and they feel as though they missed that train. Now they see another train preparing to leave and they are frantic to reserve a seat... Full on FOMO.

Choo Choo My Friends!

kurious

legendary

Activity: 2604

Merit: 1748

I will probably sign up for the Bitwala BTC credit card - I am not sure you can directly load it with XMR, but hey - the site will take XMR and convert.

I need a good dig into costs and how rates / charges work, but it looks good.

If you haven't looked, Fluffy Pony is in a short video being interviewed in front of what looks like a very swish wine collection by Amanda B Johnson.

It's a little out of date "Monero is about 25c" (those were the days, eh?) but ahem - made me smile...

http://about.bitwa.la/bitwala-is-now-accepting-monero/

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Gave myself a few haircuts, including one embarrassing one where I thought I cancelled the order and in the morning it was up to 12 and I was like glad I cancelled that sell at 8. Then WTF it somehow went through. Doh!

Still alive.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: explorer on August 30, 2016, 01:28:09 AM

254 active nodes Shocked

That was ages ago. Now it's 425! wild times Cool

sparky999

sr. member

Activity: 473

Merit: 250

Quote from: sparky999 on August 28, 2016, 11:54:55 AM

Expecting to see 0.0175-0.0185 in the near future. If 0.02 is breached decisively I could see 0.035 developing within the next 2 weeks. I think a crash below 0.012 in the next few days is very unlikely.

OK let's see if I can go for three out of three correct predictions.

I'm currently expecting a violent upward breakout within the next 12 hours which will see 0.2 blown past and a high of 0.025-0.028 being hit before price stabilizes at approx 0.021. I think this will be the final upward push before Sept 1st. Events become incredibly hard to predict after that date as a single piece of good or bad news in relation to XMR usage on AlphaBay could see huge swings in either direction.

Majormax

legendary

Activity: 2534

Merit: 1129

Quote from: bbc.reporter on August 30, 2016, 12:58:55 AM

Is XMR's rise too much, too soon? It would have been better if the rise was slow and real where majority the people from the community could participated and gotten in to have their fill. This rise looks like the traders took advantage of the people's fear of being left behind by pumping it and then sell at high prices. Sooner or later some people will get burned playing in the current state of the XMR market.

It is just looking like the natural progression of price. An exponential rise is always followed by a bust, and many speculators get washed out at a loss. That ensures that only the committed strong hands are left holding. BTC price chart followed a similar pattern.

If the long term trend is to be higher (and that is not always a given), then the next parabolic rise will be greater : However, the decline (trough) has to be large both in terms of price decline and time.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: nanobrain on August 29, 2016, 11:40:57 PM

Roger Ver makes a good point here
https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274.html#p29049

"Monero... hasn't been heavily tested with actual users yet.
It would only take one thing to go wrong technically for most, or all of the market cap to disappear."

The thoughts of those more technically minded....?

That is just the usual thing with investment advices in crypto. Buy as much as you can afford to lose. Any crypo can be worth really little if there is some mathematical fault in it that make it work insecure.
Bitcoin had more years to find such flaws. Monero only 2. So from this angle Monero is riskier.

magico

newbie

Activity: 41

Merit: 0