Topic: [XMR] Monero Speculation - page 1176. (Read 3314330 times)

Certainly the incremental costs of effective laundering (were there such a thing) are an incentive to use XMR instead.  But usually the margins on these things are high enough so that it's almost noise.

In other news, I assume everyone has noticed the 500 BTC (and growing) added to the bid book recently.  Also I notice an occasional ephemeral ~200BTC bid wall.  So much heat, so little light!  Nothing happens because no one is selling.  Lots of liquidity, but not enough price discovery.  Fear is the mind killer.  Maybe this will be a "buy the news" event, after all.  It will remove doubt, when it is accomplished.

Now 36k offered on the ask side.  A response to the whale song from the bid side?  If you assume that any book-sweep will be followed by a support vacuum, it might make sense to short a gob at some reasonably high quote.  That strategy offered some good gains last night, maybe as much as 800bp on the trade if you timed it very nicely.

But no, it appears to be functioning as a scare wall. 

My understanding is that both Oasis and AlphaBay implemented Monero on the basis of demand, rather than speculation or compensation by the currency team.  It is possible that this is just PR and they are doing it on speculation, and already found sufficient profit by front-running the public information.  We will discover that soon enough, by observing listings and transaction volumes.

The lack of multisig is definitely hurting now.  Probably more so than lack of GUI.  A Tor-accessible web wallet with multisig support would be basically as good as a GUI for usability.  In fact it would put us way ahead of Bitcoin in terms of usability.

If I were a vendor, I would ask risk premia for using bitcoin, or just not accept it at all if I had xmr as an alternative... No need for lots of mental faculties when you're scared

Just a little light relief. A little dip and I'm buying a few more hundred

Next HARD-FORK is happening in 26 days ?! Which clients will no longer be compatible ?!

If you will allow me to play devils advocate. I have very little faith in the mental faculties of my fellow man. Consequently I find it hard to believe that dash failed to gain traction on the darknet markets it was introduced on as a result of any sort of technical understanding on the part of market actors. Meaning, to most of them, monero is going to appear indistinguishable. What reason do we have to believe a private currency will gain traction this time when it failed last time?

Barbeque 



Great post, something 90% of the thread needs to learn from.

http://www.nasdaq.com/article/darknet-customers-are-demanding-bitcoin-alternative-monero-cm671031

Storm is coming...

It might be easiest to add a bot integral to bitsquare.  This one scores high on page-rank and might be a candidate for the boilerplate: https://github.com/gazbert/bxbot

In case you are talking about rpietila's recent posts, which I really enjoy btw, he is clearly talking his book.

I am not in the game, but personally, I think anything under $4 is a steal.  Lucky if you get it.

I'd like

1.  a BitSquare.io node
2.  a market-making bot to (safely/dispassionately) manage a few 1000 XMR worth of buys and sells on the BitSquare

I believe that's the path towards fixing the potential single point of failure Polo dependency.

finger on the trigger

Short term that chart looks quite bearish to me; however many long term investors and speculators will consider a short term correction bullish after the recent sharp rise.

I think it came out "Mondeo" because, with no direct translation, they had to phoneticize the word Monero.  Then of course the phoneticized rendering had to be rendered phonetically yet again, back into "English."
Kind of the way "pocket monsters" became Pokemon.
This is the perfect opportunity to create a jokey Mondeo meme.
China ruv Mondeo!
Mondeo to moon!

The chart looks like th hungry caterpillar! Bullish!

Yeah, they mucked up the encoding metadata since I looked at it.  I will find one of the other sources...

En: https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fm.cnbeta.com%2Fview%2F532883.htm&edit-text=&act=url
Zh: http://m.cnbeta.com/view/532883.htm

Google translation:

"Dark Web" appears far more subtle new network currency Bitcoin

According to the Russian "Satellite News" August 24 reported that the "dark net" have found a new online currency Bitcoin over its concealment. According to reports, the criminals "dark net" of anonymous currencies have been looking to engage in illegal and improper activities is reported that most people will buy and sell illegal drugs or other commodities used in Bitcoin "dark net". Although Bitcoin can protect the privacy of criminals to some extent, but every Bitcoin is a transfer can be queried.

Biggest drugs and other contraband commodities trading market Alphabay announced that they will be held this year September 1 using the Mondeo (Monero) as a transaction currency.
Unlike Mondeo Bitcoin, it can make every transaction can not query, and no one can find money to pay people. Bitcoin user's wallet is a single address, anyone can query all transactions, while Mondeo was every transaction generates a different address, only to master the query key personnel can see the transaction history.
Some experts believe the Mondeo more "secure." However, the popularity of the Mondeo range has not been expanded.

Original:

“暗网”出现新型网络货币 隐蔽性远超比特币
12环球科技   2016-08-25 11:33:07

摘要：据俄罗斯“卫星新闻网”8月24日报道，“暗网”上已经发现一种新型的线上货币，其隐蔽性超过比特币。据报道，“暗网”上的犯罪分子一直在寻找匿名的货币来从事违法和不正当活动据悉，大多数人都会用比特币在“暗网”上购买和出售毒品或其他违法商品。 虽然使用比特币可以在一定程度上保护犯罪分子的隐私，但是比特币的每一笔转账都是可以查询的。

资料图
最大的毒品和其他违禁商品交易市场Alphabay宣布，他们将于今年9月1日起使用蒙迪欧(Monero)作为交易货币。
蒙迪欧不同于比特币，它能够使得每一项交易不可查询，没有人能够找到付钱人和收钱人。比特币用户的钱包地址都是单一的，任何人都可以查询所有交易，而蒙迪欧则为每一笔交易生成不同的地址，只有掌握查询密匙的人才可以看到交易记录。
有专家认为蒙迪欧更加“安全”。不过，蒙迪欧的普及范围尚未扩大。

The use cases for XMR in China are even more compelling than in the U.S. and Europe.  Also note that this came to the quasi-state syndication system via Russian newswire.  Clearly there is Russian language media exposure as well.

In Engrish:

I think they are using the name of a Euro/Chinese market Ford, the "Mondeo" in that article.





But I don't know much about Chinese.