Topic: [XMR] Monero Speculation - page 1228. (Read 3314316 times)
There are some rich valuations in the alts world right now for sure.
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
For Monero I am not going to give time until 5 years. I think it is too long time and most likely there will be better alternative before that.
If there is no real growth this year, I am pretty unsure if this project will ever grow to any significiant measures.
If Monero project fails, I think it is not time to blame anyone - just move on in life. There will be new opportunities also down the line.
How are you measuring growth? Price or Market Capitalization? There is a big difference. https://coinmarketcap.com/currencies/monero/#charts
Edit: ... but not for long. See the post above.
Cool but from the perspective of the investors there should be some capital gain to make it attractive to hold. So far only dumps we have seen and a couple bubbles that form the shape of a hand showing the middle finger.
Here is something interesting. This of course would work with Bitcoin and other in the clear blockchains.
https://www.cryptocoinsnews.com/eu-central-database-bitcoin-users/
but not with Monero
Edit: Here is the original document. http://ec.europa.eu/justice/criminal/document/files/aml-directive_en.pdf
https://www.cryptocoinsnews.com/eu-central-database-bitcoin-users/
Quote
...
The inclusion of virtual exchange platforms and wallet providers in the directive will not fully address the issue of anonymity connected to virtual currency transactions since a large part of the virtual currency environment will remain anonymous as users can also transact without exchange platforms or wallets, the proposal noted.
To counter the risks related to the anonymity, national FIUs should be able to associate virtual currency addresses to the identity of the owner of virtual currencies. In addition, the possibility to allow users to self-declare to authorities voluntarily should be considered.
The proposal defines “virtual currencies” as “a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically.”
...
The inclusion of virtual exchange platforms and wallet providers in the directive will not fully address the issue of anonymity connected to virtual currency transactions since a large part of the virtual currency environment will remain anonymous as users can also transact without exchange platforms or wallets, the proposal noted.
To counter the risks related to the anonymity, national FIUs should be able to associate virtual currency addresses to the identity of the owner of virtual currencies. In addition, the possibility to allow users to self-declare to authorities voluntarily should be considered.
The proposal defines “virtual currencies” as “a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically.”
...
but not with Monero
Edit: Here is the original document. http://ec.europa.eu/justice/criminal/document/files/aml-directive_en.pdf
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
Yes as it seems 2021 will be the Year of Crypto.
No sure if you are serious but my plan is to give this 3 years and 3 months more.
This morning I saw that Monero was back on ShapeShift. Then I saw that some of the buy wall at 2777 was eaten so I waited expecting it to be dumped on which it was. Now I ponder.
I think you chose perfect day.
2019.10.27 4th Halving day!
Available supply: 17,294.533 XMR
Daily emission: 1582 XMR
Daily inflation: 0.00915%
% Mined: 93.75%
BTC will same day have:
Available supply: 17,677.800 BTC
Daily emission: 1800 BTC
Daily inflation: 0.01018%
% Mined: 84.18%
How did you calculate this? I thought there is no limit on how many Moneros will be mined unlike there is upper limit in bitcoin.
% of "base supply" (i.e. before tail emission begins).
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
Yes as it seems 2021 will be the Year of Crypto.
No sure if you are serious but my plan is to give this 3 years and 3 months more.
This morning I saw that Monero was back on ShapeShift. Then I saw that some of the buy wall at 2777 was eaten so I waited expecting it to be dumped on which it was. Now I ponder.
I think you chose perfect day.
2019.10.27 4th Halving day!
Available supply: 17,294.533 XMR
Daily emission: 1582 XMR
Daily inflation: 0.00915%
% Mined: 93.75%
BTC will same day have:
Available supply: 17,677.800 BTC
Daily emission: 1800 BTC
Daily inflation: 0.01018%
% Mined: 84.18%
How did you calculate this? I thought there is no limit on how many Moneros will be mined unlike there is upper limit in bitcoin.
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
For Monero I am not going to give time until 5 years. I think it is too long time and most likely there will be better alternative before that.
If there is no real growth this year, I am pretty unsure if this project will ever grow to any significiant measures.
If Monero project fails, I think it is not time to blame anyone - just move on in life. There will be new opportunities also down the line.
How are you measuring growth? Price or Market Capitalization? There is a big difference. https://coinmarketcap.com/currencies/monero/#charts
Edit: ... but not for long. See the post above.
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
Yes as it seems 2021 will be the Year of Crypto.
No sure if you are serious but my plan is to give this 3 years and 3 months more.
This morning I saw that Monero was back on ShapeShift. Then I saw that some of the buy wall at 2777 was eaten so I waited expecting it to be dumped on which it was. Now I ponder.
I think you chose perfect day.
2019.10.27 4th Halving day!
Available supply: 17,294.533 XMR
Daily emission: 1582 XMR
Daily inflation: 0.00915%
% Mined: 93.75%
BTC will same day have:
Available supply: 17,677.800 BTC
Daily emission: 1800 BTC
Daily inflation: 0.01018%
% Mined: 84.18%
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
For Monero I am not going to give time until 5 years. I think it is too long time and most likely there will be better alternative before that.
If there is no real growth this year, I am pretty unsure if this project will ever grow to any significiant measures.
If Monero project fails, I think it is not time to blame anyone - just move on in life. There will be new opportunities also down the line.
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
Yes as it seems 2021 will be the Year of Crypto.
No sure if you are serious but my plan is to give this 3 years and 3 months more.
This morning I saw that Monero was back on ShapeShift. Then I saw that some of the buy wall at 2777 was eaten so I waited expecting it to be dumped on which it was. Now I ponder.
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
Yes as it seems 2021 will be the Year of Crypto.
Everything is moving more slowly than I anticipated. But we still hurl towards 2021.
Very short term speculation: The volume is getting lower in the current decline. Usually it is a sign that the uproar is on its way and the price will start to grow.
Seems there is some kind of resistance on 0.003. I hope that this resistance will be crossed for good and Warz can sell all his coins between 0.003-0.004 and then we can move to higher prices (he likes to sell there).
Also, the longer we can rise without Aminorex becoming very bullish and signaling good buying opportunities, the higher it can climb.
This is like playing cards, you need to read your opponents and know them.
Seems there is some kind of resistance on 0.003. I hope that this resistance will be crossed for good and Warz can sell all his coins between 0.003-0.004 and then we can move to higher prices (he likes to sell there).
Also, the longer we can rise without Aminorex becoming very bullish and signaling good buying opportunities, the higher it can climb.
This is like playing cards, you need to read your opponents and know them.
No, it is smoke and mirrors
Very short term speculation: The volume is getting lower in the current decline. Usually it is a sign that the uproar is on its way and the price will start to grow.
Seems there is some kind of resistance on 0.003. I hope that this resistance will be crossed for good and Warz can sell all his coins between 0.003-0.004 and then we can move to higher prices (he likes to sell there).
Also, the longer we can rise without Aminorex becoming very bullish and signaling good buying opportunities, the higher it can climb.
This is like playing cards, you need to read your opponents and know them.
Seems there is some kind of resistance on 0.003. I hope that this resistance will be crossed for good and Warz can sell all his coins between 0.003-0.004 and then we can move to higher prices (he likes to sell there).
Also, the longer we can rise without Aminorex becoming very bullish and signaling good buying opportunities, the higher it can climb.
This is like playing cards, you need to read your opponents and know them.
Relevant comment from the ANN thread:
Talking about commits, this one caught my eye: https://github.com/monero-project/bitmonero/commit/ebf97d76f0020eb027175818ebbdafd6d578aa77
finally the view-key functionally is optimal.
Quote
wallet: new {ex,im}port_key_images commands and RPC calls
They are used to export a signed set of key images from a wallet
with a private spend key, so an auditor with the matching view key
may see which of those are spent, and which are not.
They are used to export a signed set of key images from a wallet
with a private spend key, so an auditor with the matching view key
may see which of those are spent, and which are not.
finally the view-key functionally is optimal.
Those who pay attention to GitHub can effectively insider trade on Monero. Insider Trading has been open sourced
Relevant comment from the ANN thread:
Talking about commits, this one caught my eye: https://github.com/monero-project/bitmonero/commit/ebf97d76f0020eb027175818ebbdafd6d578aa77
finally the view-key functionally is optimal.
Quote
wallet: new {ex,im}port_key_images commands and RPC calls
They are used to export a signed set of key images from a wallet
with a private spend key, so an auditor with the matching view key
may see which of those are spent, and which are not.
They are used to export a signed set of key images from a wallet
with a private spend key, so an auditor with the matching view key
may see which of those are spent, and which are not.
finally the view-key functionally is optimal.
...
Given this wide margin and the tightness of Monero trading range it is pretty unlikely you will be able to trade much. Also, why would you sell if the price rises beyond the line? Isn't it a potential breakthrough and the start of new period of higher growth?
On the other hand, why would you buy a coin that is dumping, isn't it potential start of bearish cycle?
-------------------------
My speculation: I am slightly bullish... We will see if Monero can reach 0.003... The trading volume is low now (been it pretty much since 2014).
2016 is a year of results, but we will see if it is possible to get a nice uptrend this year. Still the charts are bearish if you look them from ATH.
The current community very unlikely can drive the price up - investments are needed outside and the outreach should take place. Unfortunately Peter Todd is not the person I am refering to. Some big names would be beneficial for Monero (a billionaire from Forbes for instance etc.).
Given this wide margin and the tightness of Monero trading range it is pretty unlikely you will be able to trade much. Also, why would you sell if the price rises beyond the line? Isn't it a potential breakthrough and the start of new period of higher growth?
On the other hand, why would you buy a coin that is dumping, isn't it potential start of bearish cycle?
-------------------------
My speculation: I am slightly bullish... We will see if Monero can reach 0.003... The trading volume is low now (been it pretty much since 2014).
2016 is a year of results, but we will see if it is possible to get a nice uptrend this year. Still the charts are bearish if you look them from ATH.
The current community very unlikely can drive the price up - investments are needed outside and the outreach should take place. Unfortunately Peter Todd is not the person I am refering to. Some big names would be beneficial for Monero (a billionaire from Forbes for instance etc.).
I would not place much weight on on the early ATH in 2014 because of the change in market capitalization, https://coinmarketcap.com/currencies/monero/#charts. One cannot simply extrapolate technical analysis from stocks (where price follows market capitalization) to a POW crypto - currency during its first two years. There are critical aspects of technical analysis that break down in such an extrapolation. My take is that 0.0043 XBT is a critical resistance point here. As for the 2014 ATH, I am not sure at all.
Even though the number of coins have grown since June 2014, it still would be pretty disappointing if new ATH will not be reached - that makes Monero pretty much the same class with all the other alts here which cannot grow back to the initial pump because of the rise in the number of coins.
In case of Monero, the emission is less than 50 % from those levels so technically it should be possible even to maintain it. Bear in mind, the emission also represent very small portion of the trading so it is mainly trading with other bagholders since the real world use of XMR is very limited afaik.
Nice one
I'm not going to speculate on the future of Ethereum ring signatures here. Monero already has a working system today - I think it will become more popular once we have more web services using it.
You don't even have a GUI, monero man-child developers (thats how Vitalik calls them) are useless. Way over 50% of hash rate are botnets.
It's dead Jim... I'm still holding a decent amount (couple tens of thousands) but the first pump that comes along - I'm out.
Oh well, I guess I'd better copy-and-paste my comment from Reddit on the state of Ethereum:
Quote
On the topic of poor design:
- Vitalik has repeatedly eschewed and ignored commentary from researchers and plowed ahead with poor design decisions.
- Where he hasn't ignored the commentary, he has instead noted it and then layered complexity on top of the bad idea in order to make it workable (complexity is the enemy of secure cryptography and good system design).
- He also repeatedly fails to cite prior research / researchers, which I guess leads some to view him as more than he is, which in turn leads to an inherent trust in a poorly designed system.
- He uses mathematical notation in a completely incorrect manner in formal papers (some of which govern the very inner workings of Ethereum) such that mathematicians are unable to peer review the paper. If you can't understand what he's trying to express, how can you confirm if the concept is valid or the mathematical proof is correct?
- When the above is pointed out to him he (naively or foolishly or disingenuously) claims that the security of the model is "in the code" and not in the mathematical proofs. This bizarre world-view is only dangerous in light of the fact that the system has to at least protect its users somewhat.
On the topic of mismanagement:
- Instead of focusing on a single implementation they instead hired developers to build out at least 4 of the multiple implementations.
- The consequence of this was not only a breaking inter-implementation fork 6 months ago, but also has (as their security auditors put it) "testing needs...more complex than anything we've looked at before".
- They raised $18.4 million, which was almost entirely spent a year later. According to the blog post on the matter they have enough money to make it to June 2016, possibly a little beyond that. That is truly shocking, considering that Ethereum had the 4th highest crowd-funded project funds.
- Instead of biting the bullet and immediately beginning a systematic process of converting the majority of the funds raised into a store of value that would remain relatively stable for the 3-5 years it would take for the project to be built up, they kept the bulk of it in Bitcoin, resulting in a $9 million shortfall on their initial funding amount (when viewed in USD terms).
- Despite promising financial transparency with the money that had been raised, it took them over a year before they suddenly realised they actually needed to come through on that. A startup needn't make their financial activities public at all, but if that is the case then don't promise such transparency. Doing so, and then failing to deliver on that promise, points to incredible mismanagement by individuals that have no clue how to run or build up a company.
- Vitalik has repeatedly eschewed and ignored commentary from researchers and plowed ahead with poor design decisions.
- Where he hasn't ignored the commentary, he has instead noted it and then layered complexity on top of the bad idea in order to make it workable (complexity is the enemy of secure cryptography and good system design).
- He also repeatedly fails to cite prior research / researchers, which I guess leads some to view him as more than he is, which in turn leads to an inherent trust in a poorly designed system.
- He uses mathematical notation in a completely incorrect manner in formal papers (some of which govern the very inner workings of Ethereum) such that mathematicians are unable to peer review the paper. If you can't understand what he's trying to express, how can you confirm if the concept is valid or the mathematical proof is correct?
- When the above is pointed out to him he (naively or foolishly or disingenuously) claims that the security of the model is "in the code" and not in the mathematical proofs. This bizarre world-view is only dangerous in light of the fact that the system has to at least protect its users somewhat.
On the topic of mismanagement:
- Instead of focusing on a single implementation they instead hired developers to build out at least 4 of the multiple implementations.
- The consequence of this was not only a breaking inter-implementation fork 6 months ago, but also has (as their security auditors put it) "testing needs...more complex than anything we've looked at before".
- They raised $18.4 million, which was almost entirely spent a year later. According to the blog post on the matter they have enough money to make it to June 2016, possibly a little beyond that. That is truly shocking, considering that Ethereum had the 4th highest crowd-funded project funds.
- Instead of biting the bullet and immediately beginning a systematic process of converting the majority of the funds raised into a store of value that would remain relatively stable for the 3-5 years it would take for the project to be built up, they kept the bulk of it in Bitcoin, resulting in a $9 million shortfall on their initial funding amount (when viewed in USD terms).
- Despite promising financial transparency with the money that had been raised, it took them over a year before they suddenly realised they actually needed to come through on that. A startup needn't make their financial activities public at all, but if that is the case then don't promise such transparency. Doing so, and then failing to deliver on that promise, points to incredible mismanagement by individuals that have no clue how to run or build up a company.
Anypony have a link to that clever bit fluffy said about ETC the other day? You know the one.
where is risto? haven't seen him in this thread for ages now ...
Some sort of summer vacation I think. I remember seeing something about it on the Crypto Kingdom IRC, but I don't know any more than that.
thanks, sometimes you don't realise how much you appreciate someone until they're not around haha
hope he has a good holiday!
where is risto? haven't seen him in this thread for ages now ...
Some sort of summer vacation I think. I remember seeing something about it on the Crypto Kingdom IRC, but I don't know any more than that.
where is risto? haven't seen him in this thread for ages now ...
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