Topic: [XMR] Monero Speculation - page 1219. (Read 3314316 times)

firstly if you coming to Voorhess and ver and Mcafee then trying to preach them that they made bad bussiness decision on what your ideal of coin should be, then i guess they ignore you   surely they were smart investor and they dont invest without thorough research of the investment.  so when you black campaigning dash to them you make urself like a loser and a jerk, yet make your called community look like a loser too.

secondly as you were saying yourself, how come you as "which is not a computer science expert" trying to tell mcafee which is some sort of "computer science expert"  that he was wrong

lastly its quite sad to see how you see Mcafee as your hero while all your comrades despise him

And for your amusement, here's a little light reading about John McAfee.
https://www.wired.com/2012/12/ff-john-mcafees-last-stand/

It was shit from day one.

He sold the company many, many years ago.  His explanation of this was a particular high-point of the internet as a whole: https://youtu.be/bKgf5PaBzyg

Mcafee has always been shit it's no surprise he buys shit crypto.

I know his company was buying Dash recently, so they are interested in privacy crypto - I think he may have just been mislead as to the ideal form of that.  As well, I'm a big fan of his new security company $MGT.  
  
I've already reached out to Voorhees and Ver on multiple occasions (who crypto-advise for his company), and they have said they will 'look into it'.  Honestly these two seem way too smart to be taken in by Dash's pyramid scheme and insta-mine fraud, so I would hope they would be advising to stay away from that nonsense.  
  
John McAfee, if you're reading this, I'm not a computer science expert - just an enthusiast who has been reading about and studying this stuff for years.  If you have any questions, or want to chat with a real non-anon person about it, you are welcome to PM me here or on Reddit (same user name, /u/americanpegasus) with any questions or comments you have.  If I don't know the answer, I can steer you to people who do.  Any conversation, or even the fact that we had a conversation doesn't need to be public knowledge.

Both of your arguments might be beside the point. Bitcoin is the least risky crypto to hold onto right now, and I certainly wouldn't fault this individual for converting the XMR to XBT. Plenty of crypto experts are aware of Monero's advantages in privacy tech, but that doesn't mean they're betting on Monero's future.

I had a little chat with McAfee.  He seemed to have some mistaken ideas about XMR.  I provided enough info and links so that he can correct any misinformation, if he chooses to do diligence.  Heck I would take the time to spoon-feed him , if he had any reason not to think me a typical crypto scanner - but he doesn't, so there's no point in that.  I hope he gets a more realistic and nuanced picture of the issues, because I think he will become a stalwart. XMR-maximalist, if he does.

Understanding Monero Cryptography, Privacy Part 2 -- Stealth Addresses

https://steemit.com/monero/@luigi1111/understanding-monero-cryptography-privacy-part-2-stealth-addresses

Dude, there aren't any other CPU-mineable profitable coins.... are there?

You assume this particular black hat is smart enough to design a Linux malware (impressive AF already) and have it mine Monero of all things vs more profitable coins (means he/she/ze knows exactly what makes Monero superior) and yet has no faith in Monero as a long term store of value. 
 
I find that unlikely. 

Pretty nice to see tech savvy folk finally noticing Monero and actually starting to use it.
It even made headlines on Slashdot which is an old-school mainstream web site for geeks.
https://linux.slashdot.org/story/16/08/10/237230/linux-trojan-mines-for-cryptocurrency-using-misconfigured-redis-servers
However in the discussion below the article nobody discusses Monero or anonymity.
I think people are still confused and think crypto is anonymous by default (even tech savvy, i was quite surprised recently - and there is the other group that are smarter but think bitcoin mixers are a workable solution).
Slashdot people are ignorant and don't understand bitcoin and they were bashing 'BitCoin' as scam for a long time

http://news.softpedia.com/news/linux-trojan-mines-for-cryptocurrency-using-misconfigured-redis-database-servers-507115.shtml



The question is, whens the dump?

edited to add: oh, there's only 1000 xmr earned so far.

And why the address is blurred out is beyond me. Maybe that wasn't by the AV company but from someone else.

How to build a movement: https://www.youtube.com/watch?v=fW8amMCVAJQ

or "let me list your technical inaccuracies". 

Yes, there are important caveats with market capitalization; however when it comes crypto currency it can be a critical component and in many cases is superior to price. The key caveat with market capitalization in my mind the ratio of 24 hr trading volume to market capitalization. By 24 hr trading volume I mean bona fide trades between sellers and buyers that are at arms length. Furthermore it should not be possible to manipulate market capitalization by issuing additional coins which for what ever reason cannot be brought to the market or are held by "insiders" who choose to not bring them to market.

A healthy ratio for (24 hr trading volume) / (market capitalization) is over 1% when the average of this ratio is taken over time. Monero and both the Ethers meet this requirement but for example Bytecoin dramatically does not.

Another area where market capitalization is very critical is when performing long term technical analysis on price. Technical analysis was developed for trading stocks where market capitalization is actually equivalent to price. It can and does work well for crypto currencies for a time frame where one can reasonably approximate market capitalization with price. BBA for example provides technical analysis for XMR, DASH, ETC and ETH. Approximating market capitalization with price works well for ETH or ETC since their inception because the bulk of the coins were premined, may work reasonably well Dash from its inception because of the instamine; however in the case of Monero any technical analysis based solely on price that goes back to the launch of Monero in 2014 should be taken with a serious grain of salt. I am in particular referring to the treating the 0.01111 XBT ATH in May 2014 as a serious resistance level. This chart provides a simple pictorial reason as to why. https://coinmarketcap.com/currencies/monero/#charts

Weekly BBA $XMR Price Report

https://www.reddit.com/r/Monero/comments/4x2t5a/weekly_bba_xmr_price_report/

Extreme upside.


I am 90% cold storage.  That is the measure of extremity on the upside.  For the day trading, I just need volatility, but if it runs away from me, like yesterday, I end up all btc, or all xmr, which means an end to any possibility of gains.

.00336 yesterday was nice, but .00325 today was brilliant for me. I now have enough xmr to keep a reasonably balanced book, again.  Lower still would be nice, as I still have more BTC than I want, but that seems unlikely, as the dip to 325k filled the intraday gap up from 9 August.  One a gap gets filled, it tends to mean support.  I will be more cautious about selling now, as I can't guarantee such cooperative markets in future.!

In other instruments I take a more agnostic view.  I usually only trade very liquid things, SPUs, treasuries, oil, gold, FX, and there my edge comes from swing timing and risk control.  It's a completely different game.  I adore XMR and consider market making to be a positive contribution.  I want any gains I make to be part of a win-win scenario, for XMR.  Heck if I was making too much gain, I would dial it down, just to avoid creating losers in the XMR markets.

In contrast, I want to rape central banks.  I am too small to do that effectively, but I do manage to eke out a bit of pillage in the macro world from time to time.  

Speaking of which, the macro instrument markets today look like a false move, technically.  I can see maybe 3 more days of upside in oil, but I am very skeptical of gold, treasury strength, and of DXY weakness, and think these will trend oppositely real soon.  I look for an oil bottom around November.  I still think gold should correct into the 1200s before resuming the major uptrend.

Edit: Nevermind about oil upside.  That died before I even wrote the text above.

Yes, comparing price without accounting for supply is totally irrelevant and completely useless.

Comparing market caps is somewhat more useful, with a large dose of caveats.

When comparing different coins the relevant parameter is market cap, not price. The combined market cap of both Ethers is over 46x that of Monero.

Coin market still wavering and resolute, waiting for positive news, however big or small coin holders are mostly playing a long game that is only for the benefit of the coin and it just pushes the price higher and higher and will push to at least 0.01