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Topic: [XMR] Monero Speculation - page 1651. (Read 3313576 times)

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
November 05, 2015, 12:57:23 AM
BTCUSD dropping faster than it rose.  Some volatility in XMRUSD is likely to result.  Trader happy fun time.  Keep your eyes open.

Quote
SPX triggered a stop-loss at 2050 on 10/22, so I'm waiting to go short again, which I expect to be late Tuesday or early Wednesday.

As expected, SPUs turned south, on schedule.  I generally favor the downside on equities in the coming weeks, so I sell calls on the rips.  Not for everyone!

Wheat has me happy, but in a small way, as I fear possible USD strength too much to go large.  Softs have generally been outperforming. El Niño fears drive sugar, robusta pricing.  

Oil appears to have more than a week of downside bias ahead.  Metals are cheap and going to get cheaper for weeks, but too close to a short-term uptrend to enter any sigificant new shorts right now. Copper is tempting, but I refrain for now.  In dollar terms XAG, XAU should continue to trend down the rest of the week, but turn up for a week or two, with the turn roughly coinciding with the coming weekend.

Nothing really jumps out at me in FX right now, besides the obvious: Obey Mario, sell EUR.  
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
November 04, 2015, 11:14:27 PM
Some relevant reading: https://igurublog.wordpress.com/2014/04/08/julian-assange-debian-is-owned-by-the-nsa/

Also debian is planning to fully adopt systemd, that some argue is a giant potential backdoor (besides a clusterfuck) for the NSA/USG circumvent the Linux kernel.

Reason why I'll be moving to Slackware or BSD soon.

Worth quoting in its entirety!

Quote
Is systemd really an attempt of NSA to corrupt GNU distributions?

    Ignoring for the moment the various technical problems with systemd, I have my suspicions that its provenance and scope are cause for alarm.

    Systemd comes from Red Hat. Red Hat, in the Linux world, is the company with the largest ties to the US government and the various state security organizations around the world–including NSA. The US government (DoD) is Red Hat’s number one customer. Red Hat also happens to be Lennart Poettering’s employer.

    The Linux kernel, I believe, is clean. As long as Linus lives, you’re not going to subvert the kernel. Let’s just assume that is true for the sake of argument. If you can’t get into the kernel, what is your next option? You need something low level (PID 1?), ubiquitous, and vast in scope and complexity.

    This describes systemd perfectly. It was almost like it was designed to touch as much of a Linux system as possible. It has hooks into some many different subsystems and APIs that it’s almost impossible to build a modern distro with current software without pulling in systemd as a dependency. This happened almost overnight, and I think there are malicious forces at work here.

    We must remember Heart Bleed. Heart Bleed appeared to be an innocent mistake, and it was a tiny typo in one line of a C program. If it’s possible to do that much damage with a tiny little error, imagine when you have an attack surface as wide as systemd, written in a language like C that is almost designed to produce security holes when not written absolutely perfectly–and humans are not absolutely perfect programmers.

    Systemd is dangerous. It’s too big to be audited as quickly as its developed. Its complexity adds as much attack surface to a Linux system as the kernel itself. We can’t get away from these facts. Shitfighting about init systems is a waste of our time. Sytemd is horrible because of where it comes from and how complex it is. Backdoors will be hidden in it.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
November 04, 2015, 11:08:33 PM
I'm not gonna lie guys; ever since I got loudly and publicly involved in cryptocurrency a year ago, there's been no end to the digital fuckery I have experienced and suspected on my personal machines.  
  
I have a Windows laptop for internet browsing and games (no cryptocurrency activity on this machine), and even after a fresh install, within weeks it will inexplicably begin to stutter and pause before saving any file.  I run pretty solid Malware Bytes scans, MSE instances and a Firefox browser with ad-block and Noscript; I'm not a wizard, but I'm not a dummy.  There is no reason why a top-of-the-line computer that was reformatted a month ago should be stuttering randomly and lagging when doing things as simple as saving a picture off the internet.  
  
As well, my cell phone began about November of last year to pause randomly to lose (possibly hijack) the internet connection.  It shows pinging or 'upload' status in the network icon during these moments.  Attempts to use downloaded apps to figure out what IP addresses it's connecting to during these times have only resulted in gibberish or proxies.  This behavior persists no matter how many times I 'reformat' my phone.  
  
This is kind of shit is increasingly pissing me off - I have come to accept that if I become prominent in crypto I will likely end up getting monitored pretty hard despite being open and honest about my actions, but whatever backdoor nonsense is happening is actually affecting the performance of my computer which is ridiculous.  Perhaps I'm being paranoid, but also perhaps not.  
  
If you are reading this, your shit is weak and gives off tell tale signs of a system being compromised - get it together.
  
 Angry

Software-wise, I have about the same setup as you.  A few years ago I built a new computer.  This time, though, I ditched the Micron branded memory (I was having all sorts of problems with it) and went with G.Skill.  Also installed a 2nd gen SSD from Intel.  So for about 6 years now, this PC runs like brand new.  No issues really.  Rock solid.  So, like GingerAle has stated, you RAM may be bad.  Also, if you don't use an SSD as your primary OS drive, this is one of the best upgrades you can make.

Also, to stay on topic, I have noticed that XMR/USD is quite stable.  And on another tangent, I wonder if its really a good idea to base XMR speculation on USD rather than BTC.

Should base it on gold/silver other assets that have actual real value not this Fiat premined paper BS.  Cheesy
legendary
Activity: 1260
Merit: 1008
November 04, 2015, 10:53:43 PM
ot
 Angry
ot
Also, to stay on topic, I have noticed that XMR/USD is quite stable.  And on another tangent, I wonder if its really a good idea to base XMR speculation on USD rather than BTC.

Its funny. I quite literally use bitcoin as the rails to turn my fiat into monero. So, yes, bitcoin has definitely established itself as that platform.

I don't know if its necessarily a good idea or a bad idea to base XMR speculation on USD, what are your thoughts?
sr. member
Activity: 337
Merit: 250
November 04, 2015, 10:42:00 PM
I'm not gonna lie guys; ever since I got loudly and publicly involved in cryptocurrency a year ago, there's been no end to the digital fuckery I have experienced and suspected on my personal machines.  
  
I have a Windows laptop for internet browsing and games (no cryptocurrency activity on this machine), and even after a fresh install, within weeks it will inexplicably begin to stutter and pause before saving any file.  I run pretty solid Malware Bytes scans, MSE instances and a Firefox browser with ad-block and Noscript; I'm not a wizard, but I'm not a dummy.  There is no reason why a top-of-the-line computer that was reformatted a month ago should be stuttering randomly and lagging when doing things as simple as saving a picture off the internet.  
  
As well, my cell phone began about November of last year to pause randomly to lose (possibly hijack) the internet connection.  It shows pinging or 'upload' status in the network icon during these moments.  Attempts to use downloaded apps to figure out what IP addresses it's connecting to during these times have only resulted in gibberish or proxies.  This behavior persists no matter how many times I 'reformat' my phone.  
  
This is kind of shit is increasingly pissing me off - I have come to accept that if I become prominent in crypto I will likely end up getting monitored pretty hard despite being open and honest about my actions, but whatever backdoor nonsense is happening is actually affecting the performance of my computer which is ridiculous.  Perhaps I'm being paranoid, but also perhaps not.  
  
If you are reading this, your shit is weak and gives off tell tale signs of a system being compromised - get it together.
  
 Angry

Software-wise, I have about the same setup as you.  A few years ago I built a new computer.  This time, though, I ditched the Micron branded memory (I was having all sorts of problems with it) and went with G.Skill.  Also installed a 2nd gen SSD from Intel.  So for about 6 years now, this PC runs like brand new.  No issues really.  Rock solid.  So, like GingerAle has stated, you RAM may be bad.  Also, if you don't use an SSD as your primary OS drive, this is one of the best upgrades you can make.

Also, to stay on topic, I have noticed that XMR/USD is quite stable.  And on another tangent, I wonder if its really a good idea to base XMR speculation on USD rather than BTC.
legendary
Activity: 1260
Merit: 1008
November 04, 2015, 10:27:15 PM
Or ure memory is on the fritz. Dload any Linux distro and run the mem test on the liVe boot. Also micro sd cards are notorious for screwing up phones, that's why some phones don't ven offer a sd slot.

But remember. Just because your paranoid don't mean they're not after you.

Gotta find a way a better way to get away
hero member
Activity: 770
Merit: 504
November 04, 2015, 09:35:41 PM
I'm not gonna lie guys; ever since I got loudly and publicly involved in cryptocurrency a year ago, there's been no end to the digital fuckery I have experienced and suspected on my personal machines.  
  
I have a Windows laptop for internet browsing and games (no cryptocurrency activity on this machine), and even after a fresh install, within weeks it will inexplicably begin to stutter and pause before saving any file.  I run pretty solid Malware Bytes scans, MSE instances and a Firefox browser with ad-block and Noscript; I'm not a wizard, but I'm not a dummy.  There is no reason why a top-of-the-line computer that was reformatted a month ago should be stuttering randomly and lagging when doing things as simple as saving a picture off the internet.  
  
As well, my cell phone began about November of last year to pause randomly to lose (possibly hijack) the internet connection.  It shows pinging or 'upload' status in the network icon during these moments.  Attempts to use downloaded apps to figure out what IP addresses it's connecting to during these times have only resulted in gibberish or proxies.  This behavior persists no matter how many times I 'reformat' my phone.  
  
This is kind of shit is increasingly pissing me off - I have come to accept that if I become prominent in crypto I will likely end up getting monitored pretty hard despite being open and honest about my actions, but whatever backdoor nonsense is happening is actually affecting the performance of my computer which is ridiculous.  Perhaps I'm being paranoid, but also perhaps not.  
  
If you are reading this, your shit is weak and gives off tell tale signs of a system being compromised - get it together.
  
 Angry
hero member
Activity: 770
Merit: 504
November 04, 2015, 09:21:06 PM

In support of the upcoming Star Wars movie, Carrie Fisher just tweeted: "Oh Luke, don’t ask for the moon, we have the force" (https://twitter.com/carrieffisher/status/661951797347622912
 
I don't think she realizes she just accidentally spawned the greatest Monero tag-line I've ever heard. 
 
sr. member
Activity: 252
Merit: 251
November 04, 2015, 08:01:06 PM

It is supposed to be created by a commercial company Zerocoin Electric Coin Company
http://www.bizapedia.com/de/THE-ZEROCOIN-ELECTRIC-COIN-COMPANY-LLC.html .

Since this is a USA company, NSA back doors and surveillance can be present. ANd why would it be made by a company? Why bitcoin ppl or just regular volunteers do it, like bitcoin was done?
 
  
The final nail in the coffin for zerocoin and the trumpet sounding the inevitable rise of Cryptonote coins IMHO.  I would not trust any zerocoin/zerocash protocol instanced by an entity in a country where backdoors are mandated in software and projects.  Sorry, still a proud patriot, but I do not love the surveillance state that has errupted in the past decades - it is an affront to the principals we founded ourselves on, and I say that as a law-abiding citizen with nothing to hide.

This.

Some relevant reading: https://igurublog.wordpress.com/2014/04/08/julian-assange-debian-is-owned-by-the-nsa/

Also debian is planning to fully adopt systemd, that some argue is a giant potential backdoor (besides a clusterfuck) for the NSA/USG circumvent the Linux kernel.

Reason why I'll be moving to Slackware or BSD soon.

IMHO the next step (or already done) for NSA/USG is BIOS Backdoors in various devices. i dont think systemd is affected (i like it so i may be biased).

i am in the process of installing gentoo right now... together with qubes my two favorit distributions. (gentoo uses openRC by default; qubes is Fedora based)
sr. member
Activity: 350
Merit: 250
November 04, 2015, 07:48:55 PM

It is supposed to be created by a commercial company Zerocoin Electric Coin Company
http://www.bizapedia.com/de/THE-ZEROCOIN-ELECTRIC-COIN-COMPANY-LLC.html .

Since this is a USA company, NSA back doors and surveillance can be present. ANd why would it be made by a company? Why bitcoin ppl or just regular volunteers do it, like bitcoin was done?
 
  
The final nail in the coffin for zerocoin and the trumpet sounding the inevitable rise of Cryptonote coins IMHO.  I would not trust any zerocoin/zerocash protocol instanced by an entity in a country where backdoors are mandated in software and projects.  Sorry, still a proud patriot, but I do not love the surveillance state that has errupted in the past decades - it is an affront to the principals we founded ourselves on, and I say that as a law-abiding citizen with nothing to hide.

This.

Some relevant reading: https://igurublog.wordpress.com/2014/04/08/julian-assange-debian-is-owned-by-the-nsa/

Also debian is planning to fully adopt systemd, that some argue is a giant potential backdoor (besides a clusterfuck) for the NSA/USG circumvent the Linux kernel.

Reason why I'll be moving to Slackware or BSD soon.
hero member
Activity: 770
Merit: 504
November 04, 2015, 07:40:45 PM

It is supposed to be created by a commercial company Zerocoin Electric Coin Company
http://www.bizapedia.com/de/THE-ZEROCOIN-ELECTRIC-COIN-COMPANY-LLC.html .

Since this is a USA company, NSA back doors and surveillance can be present. ANd why would it be made by a company? Why bitcoin ppl or just regular volunteers do it, like bitcoin was done?
 
  
The final nail in the coffin for zerocoin and the trumpet sounding the inevitable rise of Cryptonote coins IMHO.  I would not trust any zerocoin/zerocash protocol instanced by an entity in a country where backdoors are mandated in software and projects.  Sorry, still a proud patriot, but I do not love the surveillance state that has errupted in the past decades - it is an affront to the principals we founded ourselves on, and I say that as a law-abiding citizen with nothing to hide.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
November 04, 2015, 07:30:21 PM
I`m not sure if the dump in XMR is over yet. It can be just a short term retracement.

I might buy some more when it stabilizes itself, i dont want to get caught in a whipsaw.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
November 04, 2015, 06:47:53 PM


Today, Monero Mountain is a big green island oasis floating in a sea of angry red numbers!

Pro tip: you can short the hell out of DASH using the increased leverage provided by higher XMR prices!   Cool
legendary
Activity: 2282
Merit: 1050
Monero Core Team
November 04, 2015, 06:39:22 PM
Possibly relevant to XMR speculation. Zerocoin seems to be moving forward - they at least have an angel page with investors from a previous round.

https://bitcointalksearch.org/topic/m.12884424

It is supposed to be created by a commercial company Zerocoin Electric Coin Company
http://www.bizapedia.com/de/THE-ZEROCOIN-ELECTRIC-COIN-COMPANY-LLC.html .

Since this is a USA company, NSA back doors and surveillance can be present. ANd why would it be made by a company? Why bitcoin ppl or just regular volunteers do it, like bitcoin was done?

Well if they try to monetize the emission in any way they will become an MSB and be subject to FinCEN regulation. This was the case with Ripple. FLOSS, a clean POW emission, combined with donations (money or in kind) to fund development as is the case with Monero avoids this regulatory risk.
sr. member
Activity: 392
Merit: 250
November 04, 2015, 05:34:27 PM
Possibly relevant to XMR speculation. Zerocoin seems to be moving forward - they at least have an angel page with investors from a previous round.

https://bitcointalksearch.org/topic/m.12884424

It is supposed to be created by a commercial company Zerocoin Electric Coin Company
http://www.bizapedia.com/de/THE-ZEROCOIN-ELECTRIC-COIN-COMPANY-LLC.html .

Since this is a USA company, NSA back doors and surveillance can be present. ANd why would it be made by a company? Why bitcoin ppl or just regular volunteers do it, like bitcoin was done?
legendary
Activity: 2268
Merit: 1141
November 04, 2015, 05:22:22 PM
...
-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).
...

This. The centralization of security makes it possibly even worse than Dash.

Well, in theory there is supposed to be a genesis creation event where the keys are generated and held by a dozen well known entities. The process is observed by people physically present and online via live video where the genesis block is created and all the keys are destroyed. Even if some of the keyholders are dishonest and somehow manage to make and keep a copy of their key it is useless without all of the other keys. As long as one person is honest or incapable of keeping a copy then the key is destroyed forever and the event never needs to be recreated.

With all that said, I'm rather dubious of the ability to pull it off and the trust that would need to be imbued by new participants as the currency gains more use. The point is that it is possible to setup in a manner where future trust isn't necessary, at least theoretically.

Wasn't the whole purpose of cryptocurrencies to build decentralized trustless systems? ZeroCash basically defeats that purpose with this release strategy.
legendary
Activity: 1442
Merit: 1001
November 04, 2015, 05:14:44 PM
...
-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).
...

This. The centralization of security makes it possibly even worse than Dash.

Well, in theory there is supposed to be a genesis creation event where the keys are generated and held by a dozen well known entities. The process is observed by people physically present and online via live video where the genesis block is created and all the keys are destroyed. Even if some of the keyholders are dishonest and somehow manage to make and keep a copy of their key it is useless without all of the other keys. As long as one person is honest or incapable of keeping a copy then the key is destroyed forever and the event never needs to be recreated.

With all that said, I'm rather dubious of the ability to pull it off and the trust that would need to be imbued by new participants as the currency gains more use. The point is that it is possible to setup in a manner where future trust isn't necessary, at least theoretically.
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
November 04, 2015, 04:44:48 PM
...
-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).
...

This. The centralization of security makes it possibly even worse than Dash.
legendary
Activity: 2268
Merit: 1141
November 04, 2015, 03:34:42 PM
Possibly relevant to XMR speculation. Zerocoin seems to be moving forward - they at least have an angel page with investors from a previous round.

https://bitcointalksearch.org/topic/m.12884424

List of possible pitfalls wrt ZeroCash/ZeroCoin:

-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).
-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).
-It's too opaque in my opinion. If a bug existed that would create additional coins, there is no way you would see it.
-The math and cryptography backing it isn't peer reviewed yet and in an infancy stage.

That said, I am still interested in the progress and I also think it would be a good bet to hedge yourself a bit. One last remark, the last time they said they would release something within the next 3-6 months, they completely missed the deadline -> https://twitter.com/secparam/status/468784402558771200 (20 May 2014)

FWIW: The 2nd "scarewall" got bought as well, asks down to 282k. I hope we are able to stay above 100k sat.

EDIT:
sr. member
Activity: 350
Merit: 250
November 04, 2015, 03:26:27 PM
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