Topic: [XMR] Monero Speculation - page 1579. (Read 3313576 times)

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This is what I had seen before and I have no idea why the wires in my brain crossed and throught it was z.cash I had recently view before (perhaps I am just overloaded with so many technical issues in my mind at the moment and I just woke up). Apologies for the unnecessary noise due to my error.

You loaded this -> http://moneta.cash/

"Wilcox estimates the “real money” launch of Zcash is likely still close to six months away. The prototype version of Zcash that WIRED downloaded still lacked a user interface and instead required figuring out a tough-to-navigate set of command line functions."

"Like bitcoin, Zcash’s currency will be created by “mining” computers that compete to solve mathematical problems. But unlike bitcoin and other attempts to create an alternative cryptocurrency or “altcoin,” Zcash is launching as a for-profit company."

Monero still has the best anonymity available today and does not send 10% of all mined Monero to a for profit company.

I don't know what happened. Last time I thought I loaded that page, I was looking at two young developers one of which was Asian. I need to sort out my confusion. I am very perplexed as to what I accidentally loaded last time.

You could use this -> https://bitcointalksearch.org/topic/cryptonote-technical-discussion-and-chess-challenge-1190988

Or just the ANN thread? -> https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449

Or this -> https://bitcointalksearch.org/topic/xmr-monero-improvement-technical-discussion-1139756

They are the same


BTW it is being developed by Zerocash Electric Coin Company

LOL!

Do we have to buy decentralized currency from coin companies??

Correct. I have not seen a Monero technical thread often popping up in the top of the Altcoin Discussion listings (and the marketing thread seems to be troll thread), so apparently I didn't have another venue to try to reach the audience. Or maybe I am just unaware of the correct thread (even if I posted in it before) because Monero has so many threads I can't keep track.


Will do.

That would be very very much appreciated.  Let us lowly folk discuss the price swings and short term market action.  Best of luck and thanks for moving to more serious threads.

Okay so this is not http://z.cash (which is the inferior zerocoin) and apparently is the real Zerocash! Wow. I am happy to see this in open source. Real progress at last. Maybe this is the reason for the dump of Monero?

I am happy to see this because I want to use something like this and also because I do not expect them to get the details correct on mining (no one has yet!). So there will be an opportunity to integrate this open source into a better block chain.

Major opportunities right now in crypto. Pick who you want to work with and pick carefully. I am looking for a few good men.

What do you really expect from a speculation thread? Higgs boson?

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I speculate BTC will continue to fall and Monero will surpass it's marketcap ATH.

I'll just copy my reddit comment here:

I've made this list earlier:

List of possible pitfalls wrt ZeroCash/ZeroCoin:

[1] If ZeroCash/ZeroCoin is launched on behalf of a company, which seems the case here, the company can be given a gag order (e.g. to add a line of malicious code).

[2] If I recall correctly, the creator of the genesis block holds some kind of masterkey. As a result, you have to trust this person. Even if this key was held by a group, you still have to trust that particular group. In addition, you have to trust the program they run to create the Genesis block (the masterkey could be in there).

[3] It's too opaque in my opinion. If a bug existed that would create additional coins, there is no way you would see it.

[4] The math and cryptography backing it isn't peer reviewed yet and in an infancy stage.

[1] seems to be confirmed. They will be launching as a for profit company, see:


This could also invoke some legal issues, since they are basically not a decentralid currency and bear in mind they are **US** based (http://www.bizapedia.com/de/THE-ZEROCOIN-ELECTRIC-COIN-COMPANY-LLC.html). Just remember what happened with Ripple.

Basically, with Ring Confidential Transactions included in Monero it's basically pepsi vs coke (thanks to u/smooth_xmr for this analogy), where both have their advantages and disadvantages.

P.S. They are currently only on testnet, the "real-version" is at least 6 months away.

P.P.S. It seems like they transactions are also quit inefficient compared to Monero's. See this description on how to get from the basecoins (the transparent ones) to the zerocoins (anonymous ones):

zcash alpha has been launched

https://github.com/Electric-Coin-Company/zcash

http://www.wired.com/2016/01/zcash-an-untraceable-bitcoin-alternative-launches-in-alpha/

Someday you guys will realize your time is worth more than this nonsense discussion about how you can be fooled by bid/ask walls and other non-statistics.


I wanted to talk about serious planning and features to burst out of this nonsensical waste of time that crypto currency is stuck in. I will carry on that work in other more serious threads.

Surprised the rally tapered so fast, well looks like I gets me some more on the cheap.

Interestingly enough, xmr is creeping towards its market-cap all time high

http://coinmarketcap.com/currencies/monero/#charts

the data offered by poloniey sucks a lot (none)
and with the data on http://monerodice.pd.to/polo.php one can not really tell what happend.

but the changes have been small, so i doubt there will be a lot of leveraged shorts.

The dump seems to have been completely rejected... It recovered very rapidly, forming some great looking formations on the 2h and 4h charts. If these were shorters, they still have to close their position (thus buy), which will be a big loss for them. Since the dumps happened at a lower point than we are at now, and considering the volume of the dumps, the prices to actually obtain those coins back again (asks) are considerably higher than the dump levels.

#Rekt? It seems like it

With these actions I see the wall at 0.00145 as an easy to overcome barrier. Good days for the monero-bulls!

From what i see, every shitcoin on Yuanbaohui is doing very high volume. Can anyone from China get in touch with them?

I think some people are just trying to cause a little panic selling to buy lower, so they are using the recent pump of BTC as a trigger event.

Or maybe the dumpers believe the success of Monero depends on the failure of Bitcoin?

I have no clue what just happened, what a rollercoaster.



Someone should make that for Monero.