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Topic: [XMR] Monero Speculation - page 1787. (Read 3313576 times)

sr. member
Activity: 420
Merit: 262
August 18, 2015, 01:51:56 PM
I can't bear to think about it.   Trying to swing trade back up, but it's a hell of a write off.

And in the good ole USSA, you can only offset $3000 per tax year of your loss towards gains.  Angry :middlefinger:

I had a $75,000 trading loss in 2012 (right about the time I had near death ICU hospitalization). Fuck the USG. Creating crypto is a personal vendetta.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
August 18, 2015, 01:50:18 PM
[...
I thought my paper wallet was safe but I had no idea what happens to thermal printing when left in the car on a hot summer day.

That's why XMR is going up now. So many lost coins!


And even ssd's in the car in the summer.....
http://www.pcworld.com/article/2920727/leaving-unpowered-ssds-in-a-warm-room-can-kill-your-data-fast.html

This has been debunked http://www.pcworld.com/article/2925173/debunked-your-ssd-wont-lose-data-if-left-unplugged-after-all.html
sr. member
Activity: 420
Merit: 262
August 18, 2015, 01:44:12 PM
no seriously. any good ways to hide the seed(without needing to remember too much)? i was thinking about a book. writing down page number and character number of each char.
just need to remember what book/edition it was.

bad idea? brilliant like usual?  Cheesy

Hope you buy your books with cash in places where street cams and satellite imagery don't go (the USG can read your dashboard VIN plate from outer space). An anonymous internet access has pitfalls too.

And I hope it is book that is not within your preexisting genres of interest.

And hope the value of the coins doesn't exceed the cost to try every book ever published.

Hope you can always obtain a copy of the book later.

It seems to be a reasonably good idea for small enough value if done well. And you can save copies all over, because you are less concerned if someone gets a copy of it. Has perhaps less risk than hiding your seed in cleartext in 3 physical locations.

Imho paper wallets are meant to stay on.... well... paper.

Clay tablets are perhaps more durable than paper. Some critter can come along and eat your $billions. (Everyone rushes to the cubby hole to check their paper wallet, lol)

Etching in gold would be more durable.
hero member
Activity: 770
Merit: 504
August 18, 2015, 01:26:58 PM
sr. member
Activity: 453
Merit: 500
hello world
August 18, 2015, 12:06:29 PM
cheap monero? the ones at 60 cents you mean? Grin

no seriously. any good ways to hide the seed(without needing to remember too much)? i was thinking about a book. writing down page number and character number of each char.
just need to remember what book/edition it was.

bad idea? brilliant like usual?  Cheesy
legendary
Activity: 2604
Merit: 1748
August 18, 2015, 11:53:45 AM
Since we're all fessing up to stupidity over storage, I lost most of my cheaply bought Monero - more than 90% in fact in a bizarre gardening accident.

I can't bear to think about it.   Trying to swing trade back up, but it's a hell of a write off.
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
August 18, 2015, 11:44:19 AM
My backups are on two identical cds (yes, compact disks) in pdf form created with Moo's offline wallet generator. I also have the seed written down with 3 words randomly added in that only I'd know don't belong.

We are a bit OT but I wouldn't trust the CD's for very long- they deteriorate over time - you must recopy every year.
oh, and I wouldn't tell anybody how many random words you used ( or that you did it at all) to anybody Wink

Aren't there supposed to be some 100 year CD-Rs? I probably wouldn't trust the literal 100-year marketing claim but maybe for more than most other digital media?

I'm still going to say paper is best though. Just don't make the same mistake I did and use a thermal printer. Hand write the seed words.

And definitely don't do what I did and hide your seed inside a book that you then accidentally give to charity.

95% of my XMR gone  Angry

CD-R usually last 3-4 years. New ones maybe less. CD-R and DVD-R are a disappointment for long term storage.
Imho paper wallets are meant to stay on.... well... paper.
legendary
Activity: 1834
Merit: 1019
August 18, 2015, 11:38:18 AM
Deny 'til I die!
sr. member
Activity: 420
Merit: 262
August 18, 2015, 09:15:10 AM
Well I must say that literally the dumbest error would be to avoid duplicating my feat to not mine Monero in the first place, although it afforded me the luxury of not losing my keys[1] but pardon me if damning by faint praise is no consolation.

[1] Locking those inside my car seems to be a habitual rite of passage for me.

Hey since it seems everyone irretrievably lost their keys, no problem if we ignore Monero now since there won't be any further transactions.

Btw, I've heard they employ lie detector tests and medically induced hypnosis before proceeding to the water boarding for stubborn cases.

Shouldn't we in all due honesty adjust the coinmarketcap to 0 as well?

P.S. this post is a test of your logic skills.
hero member
Activity: 798
Merit: 1000
August 18, 2015, 07:44:22 AM
My backups are on two identical cds (yes, compact disks) in pdf form created with Moo's offline wallet generator. I also have the seed written down with 3 words randomly added in that only I'd know don't belong.

We are a bit OT but I wouldn't trust the CD's for very long- they deteriorate over time - you must recopy every year.
oh, and I wouldn't tell anybody how many random words you used ( or that you did it at all) to anybody Wink

Aren't there supposed to be some 100 year CD-Rs? I probably wouldn't trust the literal 100-year marketing claim but maybe for more than most other digital media?

I'm still going to say paper is best though. Just don't make the same mistake I did and use a thermal printer. Hand write the seed words.

And definitely don't do what I did and hide your seed inside a book that you then accidentally give to charity.

95% of my XMR gone  Angry
legendary
Activity: 1260
Merit: 1008
August 18, 2015, 07:12:55 AM
They earned it by making customers whole after the hack.  Their U.I. is well designed, albeit unusably slow on most modern platforms (tablets and phones).  I just wish they would acknowledge receipt of that deposit I made a year ago...

It is a sad sad thing.  I have also lost pretty much all the XMR I ever held.  I don't know where any of it is any more.  I hate to imagine how much money has been potentially lost to untraceability. .  And to the bottom the the sea.  Salt water is so bad on hard drives.

As are rare earth magnets. I don't know what I was thinking, playing with them so close to my hard drives. I lost everything.

Indeed, I also lost all of the "cheap" xmr I accumulated during the late 2014 era. Little pieces of paper have a way of disappearing, and I really need to learn to stop reformatting my hard drives whenever I want to build a new rig. Or labeling them.
sr. member
Activity: 420
Merit: 262
August 18, 2015, 07:02:35 AM
My backups are on two identical cds (yes, compact disks) in pdf form created with Moo's offline wallet generator. I also have the seed written down with 3 words randomly added in that only I'd know don't belong.

We are a bit OT but I wouldn't trust the CD's for very long- they deteriorate over time - you must recopy every year.
oh, and I wouldn't tell anybody how many random words you used ( or that you did it at all) to anybody Wink

Aren't there supposed to be some 100 year CD-Rs? I probably wouldn't trust the literal 100-year marketing claim but maybe for more than most other digital media?

I'm still going to say paper is best though. Just don't make the same mistake I did and use a thermal printer. Hand write the seed words.

Besides printers can be spyware.

I thought my paper wallet was safe but I had no idea what happens to thermal printing when left in the car on a hot summer day.

That's why XMR is going up now. So many lost coins!

Were they worth more than the $600 I lost using localbitcoins to deposit to my Paypal account a couple years ago?

Painful lesson but my loss was tolerable and worth charging to experience.
legendary
Activity: 2968
Merit: 1198
August 18, 2015, 06:49:48 AM
My backups are on two identical cds (yes, compact disks) in pdf form created with Moo's offline wallet generator. I also have the seed written down with 3 words randomly added in that only I'd know don't belong.

We are a bit OT but I wouldn't trust the CD's for very long- they deteriorate over time - you must recopy every year.
oh, and I wouldn't tell anybody how many random words you used ( or that you did it at all) to anybody Wink

Aren't there supposed to be some 100 year CD-Rs? I probably wouldn't trust the literal 100-year marketing claim but maybe for more than most other digital media?

I'm still going to say paper is best though. Just don't make the same mistake I did and use a thermal printer. Hand write the seed words.
legendary
Activity: 1449
Merit: 1001
August 18, 2015, 06:11:45 AM
My backups are on two identical cds (yes, compact disks) in pdf form created with Moo's offline wallet generator. I also have the seed written down with 3 words randomly added in that only I'd know don't belong.

We are a bit OT but I wouldn't trust the CD's for very long- they deteriorate over time - you must recopy every year.
oh, and I wouldn't tell anybody how many random words you used ( or that you did it at all) to anybody Wink
hero member
Activity: 672
Merit: 500
August 18, 2015, 05:28:06 AM
That's why XMR is going up now. So many lost coins!

We should keep a record of how many moneroj have actually been lost
legendary
Activity: 1092
Merit: 1000
August 18, 2015, 05:04:03 AM
The chart indeed looks beautiful.
It is easier to sell XMR for noobs when they see a chart which is rising in a nice manner.

There is 100 % increase in the number of coins ahead of us before the minimum block reward kicks in. A year ago the same number was hundreds of percents.
That is the message XMR can potentially be a good hedge against inflation and therefore might be a good choice for storing larger amounts of wealth into XMR. I am personally expecting some larger buyers (large buyer= wants to pour hundreds of thousands of dollars into XMR) to be attracted by the community and the coin.
That gives a nice prospect for Monero's future valuation.
My estimate is, Monero has no one who owns large portion of their wealth in XMR (people have set artificial boundaries on their Monero holdings) so there is pretty much quite nice room for price and marketcap growth coming as people will realize XMR is not that risky investment anymore and they are ready to re-adjust their portfolio to less risky Monero and that pushes the price always to the next orbit.
newbie
Activity: 2
Merit: 0
August 18, 2015, 04:51:28 AM
I've never been a fan of Fib Retracements and personally don't even think TA works all that well for crypto but... it sure does look nice at the mome.

https://i.imgur.com/ei09pkB.png

Logarithmic chart.
newbie
Activity: 2
Merit: 0
August 18, 2015, 04:44:08 AM
My backups are on two identical cds (yes, compact disks) in pdf form created with Moo's offline wallet generator. I also have the seed written down with 3 words randomly added in that only I'd know don't belong.
legendary
Activity: 1092
Merit: 1000
August 18, 2015, 03:18:20 AM
Seems like there is a business opportunity to create some hardware that are more secure in cases of the most common damages.  Grin
legendary
Activity: 1449
Merit: 1001
August 18, 2015, 03:12:04 AM
[...
I thought my paper wallet was safe but I had no idea what happens to thermal printing when left in the car on a hot summer day.

That's why XMR is going up now. So many lost coins!


And even ssd's in the car in the summer.....
http://www.pcworld.com/article/2920727/leaving-unpowered-ssds-in-a-warm-room-can-kill-your-data-fast.html
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