I don't expect any significant price movement upon the GUI's release, as it would accomplish very little short of eliminating the last bit of "troll ammo" being flung at the project.
A bundled GUI does nothing to create additional use cases outside of the crypto space that would expand Monero's reach.
Topic: [XMR] Monero Speculation - page 1487. (Read 3313576 times)
How is the safety of the monero web wallet?
And somebody told me that devs are working on an 1 click instal wallet, when will this one be released? thanks!
And somebody told me that devs are working on an 1 click instal wallet, when will this one be released? thanks!
It is considered trustworthy because it is run by Fluffypony, a core-team member of Monero, but I wouldn't store large amounts on it. See:
Well it would be nice if the team or somebody else can develop an user friendly 1 click wallet right? Would also gain more people and attention...
There is also a simple web wallet I see, is it safe option as well?
There is also a simple web wallet I see, is it safe option as well?
It's from fluffypony, who is a core-team member, thus considered safe as in trustworthy. However, one should always be cautious with using webwallets.
More specifically there have been successful thefts. Fluffypony explicitly recommends not storing too large an amount there, and instead using it for convenient access to smaller amounts.
Is there a thread or such detailing that?
This one for example: https://www.reddit.com/r/Monero/comments/491gbj/i_lost_some_monero_that_i_had_on_mymonerocom/d0ocdpm
But like fluffypony explains in the comments, it is not the webwallet itself but all the (potentially weak) links between (and including) the users computer and the server (the ISP, the VPN provider, TOR exit nodes, CloudFlare, etc). So only use it for pocket change, like your 'real' wallet.
+992983741982371023
I'm in the process of making that a little more clear on the wallet creation page, since I fear for people using it as a form of cold storage. Every time they login they risk their funds getting swiped:/
Regarding an one-click wallet, there is someone actively working on the GUI, see:
https://forum.getmonero.org/8/funding-required/2476/the-official-qt-gui-project
His work and the activity can be followed on:
https://github.com/mbg033?tab=activity
https://github.com/mbg033/monero-core
https://github.com/mbg033/bitmonero
How is the safety of the monero web wallet?
And somebody told me that devs are working on an 1 click instal wallet, when will this one be released? thanks!
And somebody told me that devs are working on an 1 click instal wallet, when will this one be released? thanks!
This guide was just posted on reddit btw:
https://github.com/monero-project/monero-site/blob/master/knowledge-base/user-guides/create_wallet.md
Might be helpful for the guys struggling with simplewallet and the CLI.
https://github.com/monero-project/monero-site/blob/master/knowledge-base/user-guides/create_wallet.md
Might be helpful for the guys struggling with simplewallet and the CLI.
I wouldn't call it struggling. In fact, that was ridiculously easy. I was holding out to set up a linux machine, but jwinterm shamed me into setting up on windblows for the interim. Took longer to write down the seed words than all the rest combined, once I got it downloaded. now to transfer a few moneroj in there, and test recovery.
Thanks for the nagging, jwinterm
You're welcome, and great idea to do a test recovery with your seed words to make sure you recover the same address.
This guide was just posted on reddit btw:
https://github.com/monero-project/monero-site/blob/master/knowledge-base/user-guides/create_wallet.md
Might be helpful for the guys struggling with simplewallet and the CLI.
https://github.com/monero-project/monero-site/blob/master/knowledge-base/user-guides/create_wallet.md
Might be helpful for the guys struggling with simplewallet and the CLI.
I wouldn't call it struggling. In fact, that was ridiculously easy. I was holding out to set up a linux machine, but jwinterm shamed me into setting up on windblows for the interim. Took longer to write down the seed words than all the rest combined, once I got it downloaded. now to transfer a few moneroj in there, and test recovery.
Thanks for the nagging, jwinterm
This guide was just posted on reddit btw:
https://github.com/monero-project/monero-site/blob/master/knowledge-base/user-guides/create_wallet.md
Might be helpful for the guys "struggling" with simplewallet and the CLI.
https://github.com/monero-project/monero-site/blob/master/knowledge-base/user-guides/create_wallet.md
Might be helpful for the guys "struggling" with simplewallet and the CLI.
Nice 50btc sell wall at 250ksats
...
or the time and inclination to become more computer literate shake hands.
...
or the time and inclination to become more computer literate shake hands.
...
I'm not trying to nag or berate you guys who refuse to try the simplewallet command line interface, but it is really pretty straightforward, and in light of some guy losing 32k XMR from mymonero, it's something that might be worth ten minutes of your time.
Let's assume you use Windows, and that you understand what files and folders are on your computer.
Download simplewallet and unzip it into a folder called Monero, or whatever. Double click simplewallet, type in a name for your new wallet, let's say mywallet, and press enter. Type in a password for your new wallet, and then be absolutely sure to write down your 25 word seed. Close simplewallet. You should now have a file called mywallet.address.txt in the folder with simplewallet. Open mywallet.address.txt; this is your address - you can send coins here and not have to worry about exchanges goxxing or cryptsying or unknown vulnerabilities in web wallets.
Damnit, now you've done it. I happen to have a few hours free, so here we go. Currently downloading on an ultra-slow connection.
You might also be interested in the guide I've posted above. It is a bit more extensive and will take a bit more of your time, but it is meant for cold storage, which basically means that your coins only can get stolen by physical access.
...
or the time and inclination to become more computer literate shake hands.
...
or the time and inclination to become more computer literate shake hands.
...
I'm not trying to nag or berate you guys who refuse to try the simplewallet command line interface, but it is really pretty straightforward, and in light of some guy losing 32k XMR from mymonero, it's something that might be worth ten minutes of your time.
Let's assume you use Windows, and that you understand what files and folders are on your computer.
Download simplewallet and unzip it into a folder called Monero, or whatever. Double click simplewallet, type in a name for your new wallet, let's say mywallet, and press enter. Type in a password for your new wallet, and then be absolutely sure to write down your 25 word seed. Close simplewallet. You should now have a file called mywallet.address.txt in the folder with simplewallet. Open mywallet.address.txt; this is your address - you can send coins here and not have to worry about exchanges goxxing or cryptsying or unknown vulnerabilities in web wallets.
Damnit, now you've done it. I happen to have a few hours free, so here we go. Currently downloading on an ultra-slow connection.
...
or the time and inclination to become more computer literate shake hands.
...
or the time and inclination to become more computer literate shake hands.
...
I'm not trying to nag or berate you guys who refuse to try the simplewallet command line interface, but it is really pretty straightforward, and in light of some guy losing 32k XMR from mymonero, it's something that might be worth ten minutes of your time.
Let's assume you use Windows, and that you understand what files and folders are on your computer.
Download simplewallet and unzip it into a folder called Monero, or whatever. Double click simplewallet, type in a name for your new wallet, let's say mywallet, and press enter. Type in a password for your new wallet, and then be absolutely sure to write down your 25 word seed. Close simplewallet. You should now have a file called mywallet.address.txt in the folder with simplewallet. Open mywallet.address.txt; this is your address - you can send coins here and not have to worry about exchanges goxxing or cryptsying or unknown vulnerabilities in web wallets.
There is also this extensive guide (which includes videos that literally walk you through it!):
https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/
Monero's all-time high is 0.01 which was achieved based on the expectation of Mintpal adoption
God life was so easy back then, just buy any coin ninja-added to MP and wait. Cash out, rinse and repeat. These days you got to read and figure out what's bullshit and what's legit, but with all that I've ended up here and it's because of Moneros promising features and technology. And the thing is, with XMR I don't mind waiting a bit because in the end it will be worth it.
Curious perspectives in this thread.
It should be patently obvious that the GUI will have an effect on price, not just for faciliating greater user adoption but also for being a point of speculative propaganda.
Monero's all-time high is 0.01 which was achieved based on the expectation of Mintpal adoption - a meaningless exchange that has since departed.
The rise of ETH and fall of Cryptsy/Dash has pushed new wealth and whales into Poloniex from which XMR is the primary beneficiary.
Monero is a uniquely attractive tripod that posesses an extrordinary technological component, a credible political base, as well as demonstrable speculative volume.
This means that at any point in time the XMR price can explode without warning and for no reason whatsoever, other than the fact the price is deemed to be very low, and the long-term confidence is deemed to be very high.
It should be patently obvious that the GUI will have an effect on price, not just for faciliating greater user adoption but also for being a point of speculative propaganda.
Monero's all-time high is 0.01 which was achieved based on the expectation of Mintpal adoption - a meaningless exchange that has since departed.
The rise of ETH and fall of Cryptsy/Dash has pushed new wealth and whales into Poloniex from which XMR is the primary beneficiary.
Monero is a uniquely attractive tripod that posesses an extrordinary technological component, a credible political base, as well as demonstrable speculative volume.
This means that at any point in time the XMR price can explode without warning and for no reason whatsoever, other than the fact the price is deemed to be very low, and the long-term confidence is deemed to be very high.
...
or the time and inclination to become more computer literate shake hands.
...
or the time and inclination to become more computer literate shake hands.
...
I'm not trying to nag or berate you guys who refuse to try the simplewallet command line interface, but it is really pretty straightforward, and in light of some guy losing 32k XMR from mymonero, it's something that might be worth ten minutes of your time.
Let's assume you use Windows, and that you understand what files and folders are on your computer.
Download simplewallet and unzip it into a folder called Monero, or whatever. Double click simplewallet, type in a name for your new wallet, let's say mywallet, and press enter. Type in a password for your new wallet, and then be absolutely sure to write down your 25 word seed. Close simplewallet. You should now have a file called mywallet.address.txt in the folder with simplewallet. Open mywallet.address.txt; this is your address - you can send coins here and not have to worry about exchanges goxxing or cryptsying or unknown vulnerabilities in web wallets.
"Trezor for Monero – First impressions!":
http://weuse.cash/2016/03/07/trezor-for-monero-first-impressions/
http://weuse.cash/2016/03/07/trezor-for-monero-first-impressions/
If the price rose with the release of 0.9 I see no reason it will not do so with the release of the GUI. There should also be a bump in a couple of weeks after the hardfork.
The following was posted in the ANN thread and I think it is very appropriate for this current discussion.
Yes, That is the first thing I ran across when I was trying to find the implications when I was researching the term.
It really is a GREAT read and needs to be linked and accessible to those researching Monero. I believe this should be a huge part of the marketing when it starts and there is no reason not to start setting up now for when the push starts.
BTW, Who will be in charge of the marketing aspect when we finally are ready for that phase?
I agree and that is why I want to see a USD/XMR pair RIGHT now! I want nothing to do with BTC anymore it is a dead end that has passed it's time and will do nothing but turn people away from the concept of V currency going on. The Cons are starting to outweigh the Pro's with BTC, the community is splintered and eating itself (whether by design or not) and it is becoming centralized and regulated. ALL things I cannot abide.
XMR needs to be ready to step in as soon as that Gui is ready. And definitely before that Zcash bullshit is released. Because it is guaranteed they will be stealing the privacy spotlight from all other coins even though they have so many gaping flaws they are not to be trusted on release. I just can't imagine having to trust 3 people with an entire economies worth of wealth!! MY god That is worse than the current Banking system!
The Marketing plan and it's supporting infrastructure needs to be ready to be released on the day the GUI is released, not started on at that time. And updating all the literature should be a #1 priority on that list as that is what everyone will be directed to when inquiring. What we need is a pair of eyes that have never seen Monero yet is knowledgeable about using BTC and then send them to the docs and let them make a list of what is to confusing and hard to follow and or missing. then we can address that list rinse and repeat until the literature is easily digestible to the public.
The following was posted in the ANN thread and I think it is very appropriate for this current discussion.
...
i dug in my memory and refound this gem :
https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/
maybe we can put this story on the monero websites?
i dug in my memory and refound this gem :
https://www.reddit.com/r/Bitcoin/comments/1qomqt/what_a_landmark_legal_case_from_mid1700s_scotland/
maybe we can put this story on the monero websites?
Yes, That is the first thing I ran across when I was trying to find the implications when I was researching the term.
It really is a GREAT read and needs to be linked and accessible to those researching Monero. I believe this should be a huge part of the marketing when it starts and there is no reason not to start setting up now for when the push starts.
BTW, Who will be in charge of the marketing aspect when we finally are ready for that phase?
...
Great read. Thanks for posting.
This is one of the reasons I own Monero next to Bitcoin. There is a chance a blacklist will become accepted in Bitcoin or in the Bitcoin habitat which would help it spiral to death. Monero would most likely take its place.
Great read. Thanks for posting.
This is one of the reasons I own Monero next to Bitcoin. There is a chance a blacklist will become accepted in Bitcoin or in the Bitcoin habitat which would help it spiral to death. Monero would most likely take its place.
I agree and that is why I want to see a USD/XMR pair RIGHT now! I want nothing to do with BTC anymore it is a dead end that has passed it's time and will do nothing but turn people away from the concept of V currency going on. The Cons are starting to outweigh the Pro's with BTC, the community is splintered and eating itself (whether by design or not) and it is becoming centralized and regulated. ALL things I cannot abide.
XMR needs to be ready to step in as soon as that Gui is ready. And definitely before that Zcash bullshit is released. Because it is guaranteed they will be stealing the privacy spotlight from all other coins even though they have so many gaping flaws they are not to be trusted on release. I just can't imagine having to trust 3 people with an entire economies worth of wealth!! MY god That is worse than the current Banking system!
The Marketing plan and it's supporting infrastructure needs to be ready to be released on the day the GUI is released, not started on at that time. And updating all the literature should be a #1 priority on that list as that is what everyone will be directed to when inquiring. What we need is a pair of eyes that have never seen Monero yet is knowledgeable about using BTC and then send them to the docs and let them make a list of what is to confusing and hard to follow and or missing. then we can address that list rinse and repeat until the literature is easily digestible to the public.
Update on experimental Trezor firmware testing (Linux and OS X binaries are included now):
https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing
https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing
A rational reasoning why anyone should increase their Monero possessions when GUI is out:
XMR is simply usable for more people. More users mean more demand in the future and more demand in the future means there will be higher price in the future because the new coins' supply will never be as high as it is currently.
Also, once GUI is succesfully out, it is one more risk factor out of the picture, therefore adding holdings might be a rational move.
XMR is simply usable for more people. More users mean more demand in the future and more demand in the future means there will be higher price in the future because the new coins' supply will never be as high as it is currently.
Also, once GUI is succesfully out, it is one more risk factor out of the picture, therefore adding holdings might be a rational move.
What will be so revolutionary in this wallet?
I see Monero have strongest community, and for a long time have many supporters.
What is different here than other anon coins?
Is this really best anon coin?
I see Monero have strongest community, and for a long time have many supporters.
What is different here than other anon coins?
Is this really best anon coin?
Monero has a very technical community, ie they know their way around a computer. What this GUI wallet does for me is exponentially increase the usability of the coin and make it so I don't have to store my XMR online. I don't know shit about command terminals and this is the main reason why I want this wallet as soon as possible. I feel like I'm frozen with my XMR because I don't have the time to understand terminal commands, and honestly it probably safer for me to use mymonero than to try and figure it out.
Pretty sure there is a large, silent pool of people that feel the same. I reached the comfort threshold for what I want to store on polo and mymonero some time ago, and won't significantly add to it unless/until:
the price drops substantially
official GUI
or the time and inclination to become more computer literate shake hands.
Of these, the most likely first mover is now the GUI. If I never accumulate more than the modest amount I currently hold (by proxy, yes) I will be quite content. Greed, however, indicates that I would happily multiply that amount if it could be done with minimal stress and effort.
I have been accumulating little bits for some time, and watching the project and community even longer. I've yet to see anything I like better in the anon space. True, I don't have the tech background to fully understand the workings myself, but I DO have the intelligence to recognize ability and integrity in others. One cannot be a leader in every field, so the ability to recognize whom to follow is perhaps more important.
Monero FTW.
If it was just an unrelated pump and there is nothing at all behind it, we could see 100k again.
If XMR is on the move, you should be buying instead of reading. Any price starting with 0.00 is good.
If XMR is on the move, you should be buying instead of reading. Any price starting with 0.00 is good.
I think it's an unrelated pump. It is no coincidence that XMR went up alongside NEM, ETH, MAIDSAFE, etc. All of those coins have something in common: they are predominantly traded on Poloniex. This run likely has little to do with XMR's properties. It has everything to do with where XMR is traded and the fact that XMR could go up easily. This is a "polo pump." Many polo-coins will take turns getting pumped until the money that is concentrated on polo flows back out of polo
Disclaimer: I've been wrong 1000 times.
Then I guess the real question is how often you have been right
.But no matter the short term outcome or cause, I really do agree with the second part of your follow-up post (quoted below). Something that easily draws attention is an explosive rise in price, but then you go down the rabbit hole.. I learnt so much. Not only about how Bitcoin and then Monero work and the value they have (still learning every single day), but also about economics, money, open source projects, trading, etc etc. I would say it changed my (naive?) view on many things.
The thing with Monero is that you first need to have a basic understanding about economics, money and Bitcoin. And their shortcomings. And then when you are lucky you bump into Monero. It takes time.
I also agree that this is great for awareness of XMR. Many people were drawn into BTC just for the pump, but then they learned about BTC and began to believe in the idea of an independent money. The same thing could happen with XMR. People may come for the pump, but then stay for the fungibility.
Quote
Is this really best anon coin?
Short answer is yes. By far. And they've fixed bitcoins scaling problems and dealt with the hardfork issue.
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