Topic: [XMR] Monero Speculation - page 1631. (Read 3313576 times)

Crypto Kingdom uses Monero as ingame currency.

I agree mostly, one remark though:


This is probably an indirect result of 0.9 being delayed. Whether we like it or not, if a newcomer goes to the website and downloads the current binaries (0.8.8.6), he will most likely get annoyed by them, simply due to them being old and slow. So much improvement has been done this year, but unfortunately it can not be seen yet by outsiders/newcomers.

However, even though they are old and slow, I have seen a lot of new faces on our subreddit, which is growing quite gradually over the last few months. See -> https://www.reddit.com/r/monero/about/traffic

I have no idea how CryptoKingdom works. A game like Fallout Shelter 4 that supports Monero as ingame currency to buy game items should be extremely good addition to Monero community.

Is your game based on monero or bitcoin?

Is it the ingame currency, that would sound like a nice feature.

It is actually somewhat elusive at the moment, just like Bitcoin in 2010. Our thread in altcoin section is a good resource to start and we are soon opening the registration of new characters which has been closed for months, as we have made the game better and ready to accept new people.

Where can I find more information about CryptoKingdom, especially about how to play the game? I registered on the site a few months ago, but I couldn't figure out what to do next.

When it gets solved either (or any) way, the likely result is relief on the markets and a nice boom in bitcoin prices. Cf. XMR had the emission issue which first demolished the price to 1/4 of the previous, and when it was solved, price rose back to 0.004.

Our current lull is due to everyone thinking they have enough, and perhaps renewed hope in BTC, not many newcomers coming, 0.9 delayed and situation is not known except to a few (and others cannot decipher their statements nor believe they are truthful), and even because CK has not yet opened to general public.

If something like this were to happen in the near future, what would happen exactly?  If one of these options were to be implemented into bitcoin and people started getting out of btc, in y'alls opinion would it be fast dump or slow decline in bitcoin usage?  Even if something drastic were to happen when Bitcoin forks to something new, I can't imagine it would make that many people to drop bitcoin in general... I've never really understood the implications of the fork in general.  Isn't it mainly a dispute amongst the miners?

Who knows. You can pick different start dates and get different conclusions, though I'd question your particular picks as been pretty far from representatitive. BTS had a huge pump in August and Ethereum announced running out of money (though it was widely suspected already) in late September. Excluding LTC from any basket of alts is pretty questionable too.

Nevertheless I'm certainly not going to claim that alts are doing well in late 2015. They're clearly not.


Here are the stats: http://bitcoinstats.com/network/votes/

BIP101 has effectively zero miner votes. It would require 75% votes over the course of a week to activate. BIP100 does have significant miner votes, but requires 90% over three months to activate, and is nowhere near that (and recently has even been falling a bit). So neither of these appear likely to go into deployment any time soon, but as you say things may change rapidly, especially with BIP101 where only a week of voting is needed.

Good post, thank you. In particular I strongly agree with the part I quoted. Spot-on metaphor.

Taking early August as an arbitrary point in time (actually not completely arbitrary, kind of right after bitcoin started pumping), it's actually down from over 60 cents to around 37 cents today. ETH is down from $2-3 to around $0.80 today. BTS down from about $0.005 to 0.003 today. Dash down from about $3.60 to 2.20 today.

I mean, I know altcoins are pumping and dumping all the time, but I also wouldn't characterize a basket of coins dropping by 40-60% as relatively stable.

On other topic, I've heard that Chinese miners haven't been supportive of it (though KnC seems to have quasi-voiced some support). The guy who runs the mining operation in Washington state in USA, which I think is 1-2% of network did come out in support of BIP101 in some reddit posts a while ago I think. But who knows, maybe Coinbase is working with 21 Inc or something and they announce they're working with Intel to build some next gen 14 nm FinFET ASICs or something. I just don't think they'd be putting signed letters out in the public and encouraging other major companies and exchanges to voice support for it if they didn't have some kind of ace in the hole, so to speak.

Coinbase and Bitstamp have been vocal in supporting BIP 101. BIP 101 includes miner voting (with a 75% threshold for activation). Given the public statements by the biggest miners, they won't vote for it and it will never activate.

But something else could happen certainly.


Most other alts are following the same pattern as XMR of being relatively stable against USD but down against BTC. Exceptions include LTC (up a little in USD) and RBY (up a lot), and a few others.

OK, I'll try and put some time into it in the next month or so, so hopefully I'll be mostly ready to update when new release is made official. Thinking of making a branch called heavywallet or darkwallet or notlightwallet or something that includes the bitmonerod executable as well (maybe even is wrapped up in the .exe file the way simplewallet is on the windows version, and just runs in the background while the notlightwallet is running). We'll see how much time I can make for it.

I'm not so sure that bitcoin isn't going to make some kind of major change before v0.9 comes out. Kind of off topic here, but not exactly, since we're speculating whether it will come before the next Monero release. Anyway, I get the feeling that Coinbase and Bitstamp et al have something up their sleeve, but we shall find out shortly...

On topic, hard to believe price is down 50+% in last couple months versus BTC, down about 3x since minipump in early August. I guess I haven't been watching price charts as much as normal. I know folks like to say that XMR is pretty stable versus USD, but man it is getting bloody out there in altcoinworld.

As a GNU/Linux user who uses the command line all the time I would very much appreciate a GUI. There are also a growing number of GNU/Linux users that are not experienced with the command line at all and can be as "clueless" as any Windows or Mac OS user.  In fact I introduced Ubuntu GNU/Linux to two such users recently and they actually love it because it is way easier to maintain than Windows. As for MyMonero and MoneroWallet they are fine to store a small amount of XMR to be used for small day to day expenses using a mobile device, but they are not a replacement for running a full node. Furthermore just because someone is not familiar with the command line it does not follow that they do not have concerns about such services to store the bulk of their XMR.

So I say please keep up the excellent work with LightWallet and please do not forget us GNU/Linux users. Another group to keep in mind 32bit Windows users. Unlike GNU/Linux and Mac OS users a very significant portion of Windows users run 32bit Windows on computers with 64bit processors. This is not just XP it goes all the way to Windows 10. In fact I suspect most Windows computers with 4GB or less of RAM run 32 bit Windows.

As for the Bitcoin community implementing BIP 101, I would be very shocked is something like this happens before version 0.9 of Monero comes out, and for that matter even before Monero has an official GUI. The Bitcoin community is bitterly divided between two very poor options at opposite extremes. Status quo (small blocks, potentially infinite fees) vs XT / BIP 101 (large blocks potentially zero fees). Some would call this a civil war. The relevance of this to the Monero community is that civil wars produce refugees and we should be prepared if some come our way.

That's probably because the hardfork went a little bit wonky and needed some squashing of bugs. Furthermore, it is of utmost importance that the hardfork code will be implemented correctly, otherwise we could experience big issues in the future. Also, I guess that after 0.9 is released we'll probably have releases more often. 

On red it fp said 1-2 weeks 4 weeks ago.  So by my calculation it should be in about 2 weeks from now.

My usual clueless disclaimer applies.

It should definitely work as well as it does with v0.9 as it does with v0.8.8.6, since all the testing I've done in the past six months has been done with recent builds from github, both Windows and Linux. I'll have to update the binaries when the release is made official. As far as watch only wallets, that's not a functionality I've played with yet, so I'm not sure.

Is there a target date for release of v0.9 yet? Before or after bitcoin adopts bip101 (jan 16 i think)?

if 0.9 works with LightWallet, that will be my main recommandation to new users for their change.
For bigger amounts they need to print a paper wallet (moneroaddress.org)

I hope that the 'official' GUI will eventually be compatible with Trezor. That would be the ultimate usability and security.

edit: will it be possible to have a "watch only" wallet with LightWallet ?

Ratatosk, sorry for deleting your post. I didn't see that it was part of the conversation.

What is there to speculate about here ?
I looked at the BTC/XMR charts last night and it speaks for it's self..
Monero is on life support !

And Monero has been dropping like a rock for a LONG time too !

EDIT:
See the guy above my comment ?


Posts like those are against the rules.. useless crap posts.
Further more it proves my point about these guy pointlessly bumping / spamming here for attention.