Topic: [XMR] Monero Speculation - page 1648. (Read 3313576 times)

That would be nice. Planning also onion version of it?

Dont understand what she saying. Her other quote is also good:-)


Identify who? bitcoin users, or bitcoin creator(s)?

This is cross posting this from reddit from AP:

https://www.cryptocoinsnews.com/imf-director-tells-banks-do-not-worry-about-bitcoin-blockchain/

IMF Director says:


I'm still trying to wrap my mind around what she is saying.

Is she saying "Because bitcoin is transparent, not to worry about it"?

Are the stars aligning for Monero?

Thank you. That clears up the motive behind selling XMR for bitcoins.

So who has the XMR that you would trade bitcoins? I can see selling fiat for XMR because fiat is shit and only good for paying taxes, but why would anyone throw away their wonderful XMR to someone with shitty bitcoins?

I'm not sure what you're getting at. His service goes the opposite way, but maybe that's what you meant.

If XMR is so great, then why would anyone trade them for bitcoins?

It is really good to see more and more decentralized exchanges.

Centralized exchange is just so 2011. We need more decentralized exchange so keep the good work up.

I have a BTC -> XMR service ready to go. Soon you will not need to use Shapeshift.io. I anticipate the launch to be within the next 2 weeks.

Prepare for Monerizer.

Any word on what's up with XMR on Shapeshift.io ?

With .9 release coming soon I do not see why that would be likely right now, but in these volatile markets anything can happen.

The wall has been hit twice now without pulling, so I guess it's there to stay. Besides, the bot seems to have stopped.

I love the community spirit. Development is essential to the long term success of Monero so it is nice to see the community support our developers.

 
  
Yes, hiring MoneroMoo for 25 XMR an hour is a great deal.  I think that the 40 XMR an hour we pay him is drastically less than such technical competence is worth.  I, for one, will also be contributing to the fund to pay MoneroMoo 65 XMR an hour so that his efforts are fairly compensated.  

Well I can never predict anything.  Hope that helps  Yes it has been very anemic.  I did buy some at this level with the intention of donating some of it.  First thing will be to help fund MonerMoo's continuing work whenever the funding goes live.

Volume way down, under 30 BTC for past couple days on polo, and total bids around 100 BTC on the same. Anyone thinks we're gonna push upwards in next few days? I'm more inclined to believe that someone is gonna pull that wall at 0.00115 and we'll dip below 0.001 in next weekish.

The previous time it ran it was selling more aggressively, if I recall correctly something like 10-15 XMR a minute, whereas it currently is selling ~5 XMR a minute. Could also be a different guy running it. Bear in mind that dnaleor posted a similiar bot on the forum a few months ago, so everyone could just grab it and run it. I personally don't mind it, rather this than those 10k+ dumps that wipe out all bid support. Furthermore, I think it's probably a miner cashing out and wanting to get the best possible price.

 
  
I mean, I might buy a little just to hedge in case I'm wrong, but honestly - this is the first time in history that the integrity of both math and technology directly underpins an entire economy (well besides when paper currency was first introduced).  This isn't HTML5 or Flash that we can laugh about when we find a 'game breaking' bug.  
  
This is supposed to be the foundation for an entire monetary system, and even if it were a public blockchain and failed - that would be disasterous.  The fact that it could theoretically fail and no one would ever be able to know?  It makes it a ridiculous unacceptable risk (even aside from the Genesis keys nonsense).  
  
Monero with confidential transactions features time tested cryptography and is superior to Zerocash.  As a high-level amateur, this is the advice I would give to any serious institution considering making an investment into this fancy new "private blockchain tech" of 2016/2017.  I can't imagine that a more competent mathematician or programmer would advise any differently: "Yeah JP Morgan, so I know you're all hot and bothered by this new ability to write to a blockchain and keep it private, but I strongly recommend you go with this brand new math combined with a brand new implementation we just invented for your billions of dollars worth of accounting / asset holdings."  
  
The only way that happens is if a competent authority comes out with a firm statement that "ECC is completely broken, we have broken it using our new machine and here's the proof, everyone upgrade to this new Quantum-proof method that was created in 2016 or else." and I put the chances of that happening at a very slim percent in the next decade (or two), despite the NSA's recent warning.  Of course, I'm frequently wrong so who knows what will happen.

I think you are extrapolating from the experience with cryptocurrencies using mature cryptography. Also for the most part other than Cryptonote (only slightly different) they all use essentially the same cryptography, which means none of them are going to break unless they all break. We of course now know from experience that they haven't broken, but this wasn't guaranteed in advance. Zerocash is using completely different cryptography from every other cryptocurrency, and is starting out using cryptography that is far newer and less proven than what Bitcoin used at the start. It is true that estimating the risk of problems with immature cryptography is difficult, but that doesn't necessarily make it small. When it comes to experience here, all bets are off.

But I don't necessarily expect people to respond to these risks correctly; people are in general terrible at that.

As far as I remember the last time it worked about 2 days, then stop for 24 hours and then another 1 day (if it's the same bot and the same strategy).