Author

Topic: [XMR] Monero Speculation - page 1511. (Read 3313576 times)

legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
March 01, 2016, 05:07:46 AM
While Monero has three pillars, ZCash has three foibles: 
 
- The existence of Genesis key shards can never guarantee you can trust the Blockchain implicitly. 
 
- Opaque Blockchain means you can never be sure someone hasn't exploited a flaw and counterfeited tokens.  If such a flaw were discovered and patched, you would still never be able trust the Blockchain again. 
 
- Lack of a view key means there is no way to prove you control an address or offer optional auditability without granting control of your funds to another entity. 

I'll add that there is no plausible deniability about the status of mined coins:
Mining happens publicly. When you want to spend your mined coins anonymously, it will be visible that you anonymized them.
This is for example a hugh problem for the ZCash fund that will receive the 20% tax from the mining rewards during the first 4 years. This will lead to 10% of the total supply (2.1M Zcash) publicly visible. Market could respond negatively when these coins are touched (this is in fact the satoshi coin problem)
legendary
Activity: 2282
Merit: 1050
Monero Core Team
March 01, 2016, 01:13:05 AM
On Monday, bitcoin users were up in arms about their transactions taking a long time to be processed by the network, potentially foreshadowing dark, deeply annoying times for the cryptocurrency.

In the past, network slowdowns were the work of hackers or other malicious actors. But this time, the reason for the frustration appears to be much more unsettling and banal. In the absence of any obvious spam transactions or attackers claiming responsibility, some users complained that the bitcoin network is slowing down simply because people are using it the way it’s meant to be used.

http://motherboard.vice.com/read/bitcoin-new-normal-slow-confirmation-block-size-debate

This is Monero's other lesser known strength: The adaptive blocksize limit and tail emission coming into play. I have been following this blocksize issue in Bitcoin for over four years now and actually found out about Monero back in 2014 while researching this issue in Bitcoin. If transactions take forever to confirm then a coin becomes effectively unusable. As much as I hate to say this I still remain convinced that this is Bitcoin's Achilles' heel.
hero member
Activity: 770
Merit: 504
March 01, 2016, 12:36:06 AM
Did that big wall at 200,000 sat  get eaten?
 
Yeah, I was watching it get taken out in chunks of 1000 earlier in amazement.  Afterwards, someone panick'ed and put up another 6,000 Monero buy wall at 200k satoshi.  Not sure what that accomplishes, especially if you let it get slowly eaten away by the accumulation bot.



Today is the day when the emission of Monero is sub 10 000 XMR/day for the first time.

That's amazing!  Now a slow fall until 432 Monero per day in the year 2022.  By then 432 Monero will likely be a fortune.  It seems like a long way away, but it's not - just 6 short years.
legendary
Activity: 1457
Merit: 1001
March 01, 2016, 12:35:49 AM
Did that big wall at 200,000 sat  get eaten?

I dont know what big is big, but now there is 10btc sell wall at 200k.

It was 60BTC few hours ago Smiley it's got eaten
sr. member
Activity: 392
Merit: 250
March 01, 2016, 12:21:46 AM
Did that big wall at 200,000 sat  get eaten?

I dont know what big is big, but now there is 10btc sell wall at 200k.
legendary
Activity: 1457
Merit: 1001
March 01, 2016, 12:00:17 AM
Did that big wall at 200,000 sat  get eaten?
legendary
Activity: 1092
Merit: 1000
February 29, 2016, 11:47:13 PM
Today is the day when the emission of Monero is sub 10 000 XMR/day for the first time.
legendary
Activity: 2380
Merit: 1085
Money often costs too much.
February 29, 2016, 10:39:16 PM
Unfair to shame an obvious Monero supporter, who may be unable to do the coding or lobbying which needs to be done. I can’t do it either. Which is why I refrain from commenting, usually. Because I do feel guilty about not doing these things, which, btw, I CAN’T do anyway. I don’t sing the national anthem at the Superbowl either, and anyone with ears should be grateful for that.
Oh come on, it's loud enuf so bystanders will not necessarily need to pull a Vincent van Gogh.
( http://en.wikipedia.org/wiki/Vincent_van_Gogh search for "ear" )

What do Warren Buffet’s stockholders do for Berkshire Hathaway?
HODl

Not so much. Even Dogecoin is! Such sad, Very Despair.
Dont.
sr. member
Activity: 378
Merit: 250
February 29, 2016, 07:16:37 PM


My fear is that we will miss this black swan event, because (among other things) we have no official gui, and only a tiny exchange called Poloniex. Will these issues be resolved before China’s move towards capital controls becomes a fait accompli?


I dont really see Poloniex as a tiny exchange. I am to lazy to check any stats, but i think Poloniex maybe was tiny a year ago, but for sure will not be tiny year from now, since it is on the right track.

Poloniex is not a tiny exchange but it cannot serve everyone. More exchanges all over the world should be encouraged to support Monero
hero member
Activity: 795
Merit: 514
February 29, 2016, 07:12:35 PM
My fear is that we will miss this black swan event, because (among other things) we have no official gui, and only a tiny exchange called Poloniex.

According to coinmarketcap, Poloniex is currently the third largest exchange by volume: (earlier it was number 2)

http://coinmarketcap.com/exchanges/volume/24-hour/

EDIT: just realized this exact reply was already made. Oh well.
sr. member
Activity: 392
Merit: 250
February 29, 2016, 07:06:54 PM

where did you read that? of course they don't. they have the ability to add ring sigs on top of it, just like a highway has the ability to transport cars and trucks.

Maybe from here:
http://ethereum.stackexchange.com/questions/1660/are-linkable-ring-signatures-available-in-ethereum
legendary
Activity: 2744
Merit: 1288
February 29, 2016, 07:01:46 PM


My fear is that we will miss this black swan event, because (among other things) we have no official gui, and only a tiny exchange called Poloniex. Will these issues be resolved before China’s move towards capital controls becomes a fait accompli?


I dont really see Poloniex as a tiny exchange. I am to lazy to check any stats, but i think Poloniex maybe was tiny a year ago, but for sure will not be tiny year from now, since it is on the right track.
legendary
Activity: 1260
Merit: 1008
February 29, 2016, 06:57:50 PM

where did you read that? of course they don't. they have the ability to add ring sigs on top of it, just like a highway has the ability to transport cars and trucks.
hero member
Activity: 742
Merit: 501
legendary
Activity: 3164
Merit: 1116
February 29, 2016, 04:51:19 PM
...
I wouldn't trust a project that relies on me to succeed.

Lol, now that's the sort of can-do attitude that will "Make America Great Again".

Ask not what Monero can do for you, ask if you possess the mental faculties to construct coherent sentences.

or maybe...

Ask not what Monero can do for you, ask if you can get fries with that.
legendary
Activity: 2268
Merit: 1141
newbie
Activity: 29
Merit: 0
February 29, 2016, 04:24:30 PM
Many people have been asking for this, so here it is!

An extensive guide for securely generating an offline cold paper wallet:

https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/

Thank you!
legendary
Activity: 1428
Merit: 1001
getmonero.org
February 29, 2016, 04:18:53 PM
Quote
I wouldn't trust a project that relies on me to succeed.

Then you must find another project and trust whoever funds it. This is an open source decentralized project, which means it relies on the community.
legendary
Activity: 861
Merit: 1010
February 29, 2016, 04:13:16 PM
Why after all this time there is still no GUI and Poloniex is still a single point of failure?

Jwinterm made a GUI.
The Monero community funded a developer with 14k XMR to develop the "official" GUI
https://forum.getmonero.org/9/work-in-progress/2476/the-official-qt-gui-project

And there was that other GUI that was made recently by someone.

If poloniex died, volume would probably move to bittrex.

of course, the real question to ask, is what have you done after all this time to fix these problems?
I wouldn't trust a project that relies on me to succeed.
legendary
Activity: 2268
Merit: 1141
February 29, 2016, 04:08:38 PM
Many people have been asking for this, so here it is!

An extensive guide for securely generating an offline cold paper wallet:

https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/
Jump to: