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Topic: [XMR] Monero Speculation - page 1790. (Read 3313576 times)

legendary
Activity: 1834
Merit: 1019
August 15, 2015, 05:11:58 PM
If it was Satoshi, clearly he would have at least mentioned Monero in his anti-XT rant Cheesy

very good point. I think you are right

That's what I was thinking too!!  Cheesy
sr. member
Activity: 336
Merit: 250
August 15, 2015, 05:10:28 PM
If it was Satoshi, clearly he would have at least mentioned Monero in his anti-XT rant Cheesy

very good point. I think you are right
legendary
Activity: 3164
Merit: 1116
August 15, 2015, 05:00:20 PM
If it was Satoshi, clearly he would have at least mentioned Monero in his anti-XT rant Cheesy
legendary
Activity: 1834
Merit: 1019
August 15, 2015, 04:46:10 PM
Speculate away Smiley

hoax? real?

you decide


Quote
Bitcoin XT Fork

Satoshi Nakamoto satoshi at vistomail.com
Sat Aug 15 17:43:54 UTC 2015
Previous message: [bitcoin-dev] Bitcoin XT 0.11A
Next message: [bitcoin-dev] Bitcoin XT Fork
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I have been following the recent block size debates through the mailing list.  I had hoped the debate would resolve and that a fork proposal would achieve widespread consensus.  However with the formal release of Bitcoin XT 0.11A, this looks unlikely to happen, and so I am forced to share my concerns about this very dangerous fork.

The developers of this pretender-Bitcoin claim to be following my original vision, but nothing could be further from the truth.  When I designed Bitcoin, I designed it in such a way as to make future modifications to the consensus rules difficult without near unanimous agreement.  Bitcoin was designed to be protected from the influence of charismatic leaders, even if their name is Gavin Andresen, Barack Obama, or Satoshi Nakamoto.  Nearly everyone has to agree on a change, and they have to do it without being forced or pressured into it.  By doing a fork in this way, these developers are violating the "original vision" they claim to honour.

They use my old writings to make claims about what Bitcoin was supposed to be.  However I acknowledge that a lot has changed since that time, and new knowledge has been gained that contradicts some of my early opinions.  For example I didn't anticipate pooled mining and its effects on the security of the network.  Making Bitcoin a competitive monetary system while also preserving its security properties is not a trivial problem, and we should take more time to come up with a robust solution.  I suspect we need a better incentive for users to run nodes instead of relying solely on altruism.

If two developers can fork Bitcoin and succeed in redefining what "Bitcoin" is, in the face of widespread technical criticism and through the use of populist tactics, then I will have no choice but to declare Bitcoin a failed project.  Bitcoin was meant to be both technically and socially robust.  This present situation has been very disappointing to watch unfold.

Satoshi Nakamoto

hero member
Activity: 876
Merit: 568
( ͡⊙ ͜ʖ ͡⊙)
August 15, 2015, 04:45:03 PM
I want to add some more XMR to my stack. I'm waiting for a price of 0.019-0.020. I hope to see this area this month or next month. If someone wants to sell, I have some bitcoins for you ^^ !
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 15, 2015, 01:07:45 PM
I think it is unwise to taunt cryptsy for  being a little late to the Monero party.  Whether you like them or not they are a serious player in the altcoin scene.  I for one am thankful they have decided (evidently)to finally add Monero.  I will trade there in appreciation of their coming on board.  And I'd urge you to stay classy.

As to eth.

What a boon for our beloved little Monero.   That we are the number TWO coin at Poloniex is actually a positive thing at least for a while.    I think we are seeing lots of new blood at Poloniex because of eth, and some of those new folks will look at the other major coin at the exchange.   This is not spin.  It's just a blessing in disguise.

FUCK CRAPTSY! They can suck my ball sweat. I watched them manipulate deposits and withdrawals while they used those coins to P&D. anyone that wants in on that shit site is either already all in and looking to dump at a profit or is ill informed.

That whole crew is a bunch of theifs, a shitstain on this scene.

Maybe I should say what I really feel?
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
August 15, 2015, 07:48:14 AM
I think it is unwise to taunt cryptsy for  being a little late to the Monero party.  Whether you like them or not they are a serious player in the altcoin scene.  I for one am thankful they have decided (evidently)to finally add Monero.  I will trade there in appreciation of their coming on board.  And I'd urge you to stay classy.

BTC-E is "a serious player in the altcoin scene."  CrapSea is only a serious player in the shitcoin alt-scam scene, and now it's too late to change that.

Was CrapSea accepting bribes for a year to add Monero while doing nothing "classy?"

We do not forgive.  We do not forget.  We are Mustangs.  Expect us.   Cool

I agree Monero on btce is ii tremendous goal.   But the more the merrier really. Being on cryptsy will increase moneros exposure.  This is a good thing.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
August 15, 2015, 07:17:54 AM
So, next up 32!?
sounds legit.  could take a while.  or a whale. in the near term i expect to do a lot better on spx derivatives (weakly bearish) and wheat (moderately bullish).  i seem to be magic lately.  time to reduce risk, therefore.
sr. member
Activity: 283
Merit: 250
August 15, 2015, 07:07:08 AM
So, next up 32!?
hero member
Activity: 798
Merit: 1000
August 15, 2015, 06:25:41 AM
Yeah the analysis has been pretty spot on in general, I didn't get to buy much right down on the lower trendline as I had most my bids at .0022-.00235 as I stated when I thought it was toppy around 0.0026 ish. Remember .00235 ish was the 61.8 fib. At least where I thought the fib was most appropriate (one problem with fibs as its very subjective as to where they run to and from mine was from 0.00205 on aug 3rd as that where the big move really started). For me then this was a 100% retracement which I admit I wasn't expecting. I definately think the ETH hype aided in the size of the retracement though.

For now then Im obviously just waiting to see if we make new highs otherwise this could be considered a fakeout and could show a double top from the mid may 0.0026 highs.


legendary
Activity: 2268
Merit: 1141
August 15, 2015, 06:07:35 AM
IMHO atm we see TC and risto playing with each other

TC seems to have a margin buy order (14k again Wink) and most bids seems to be from risto's market making bot.

very interesting atm Wink

Assuming there are only two players in this market is a bit short sighted to be honest. That buy was nice though and bid support is also strengthening, perhaps we found a nice (local) bottom at 0.002051 afterall.

The previous upwards channel before the breakout is currently about 208k-227k. So some softness is possible if we bounce back up from the channel upper range. Going back to the lower range would nullify the breakout but not violate the uptrend.

Fibonacci gives from the beginning of the uptrend in 177k, the values of 213k (full 2. order retracement), 224k (50% retracement), 235k (bullish 38.2% retracement).

Fibonaccis can be counted from any starting value, making them difficult to use properly.

- Anyway, I would say if the current 235k bottom remains for 24 hours, it spells immediate upside.

- If we get a new bottom in 225k range, it is also very positive sign.

- If we grind/flashcrash down to about 210k, it is also positive, but will serve as a reminder to the people who bought too high and TC will be happy...

- Going below 205k is bearish but personally I won't that much care. Happy to get more cheaply.


You were once again on point sir! Also, I would like to add that the candle with the crash to 0.002051 closed above 0.0021, so it doesn't really invalidate the trendline (dreamspark stated this before as well if I recall correctly).
donator
Activity: 1722
Merit: 1036
August 15, 2015, 06:00:36 AM
IMHO atm we see TC and risto playing with each other

TC seems to have a margin buy order (14k again Wink) and most bids seems to be from risto's market making bot.

very interesting atm Wink

Assuming there are only two players in this market is a bit short sighted to be honest. That buy was nice though and bid support is also strengthening, perhaps we found a nice (local) bottom at 0.002051 afterall.

The previous upwards channel before the breakout is currently about 208k-227k. So some softness is possible if we bounce back up from the channel upper range. Going back to the lower range would nullify the breakout but not violate the uptrend.

Fibonacci gives from the beginning of the uptrend in 177k, the values of 213k (full 2. order retracement), 224k (50% retracement), 235k (bullish 38.2% retracement).

Fibonaccis can be counted from any starting value, making them difficult to use properly.

- Anyway, I would say if the current 235k bottom remains for 24 hours, it spells immediate upside.

- If we get a new bottom in 225k range, it is also very positive sign.

- If we grind/flashcrash down to about 210k, it is also positive, but will serve as a reminder to the people who bought too high and TC will be happy...

- Going below 205k is bearish but personally I won't that much care. Happy to get more cheaply.
legendary
Activity: 2268
Merit: 1141
August 15, 2015, 05:47:30 AM
IMHO atm we see TC and risto playing with each other

TC seems to have a margin buy order (14k again Wink) and most bids seems to be from risto's market making bot.

very interesting atm Wink

Assuming there are only two players in this market is a bit short sighted to be honest. That buy was nice though and bid support is also strengthening, perhaps we found a nice (local) bottom at 0.002051 afterall.
sr. member
Activity: 252
Merit: 251
August 15, 2015, 04:03:59 AM
IMHO atm we see TC and risto playing with each other

TC seems to have a margin buy order (14k again Wink) and most bids seems to be from risto's market making bot.

very interesting atm Wink
hero member
Activity: 770
Merit: 504
August 15, 2015, 03:51:00 AM
(wisdom)
 
  
Wow, I am constantly amazed at the wisdom of Chinese proverbs.  I think candle charts even arose in the far east.
legendary
Activity: 1834
Merit: 1019
August 15, 2015, 03:10:52 AM
Once there was a Chinese farmer who worked his poor farm together with his son and their horse. When the horse ran off one day, neighbors came to say, “How unfortunate for you!” The farmer replied, “Maybe yes, maybe no.”

When the horse returned, followed by a herd of wild horses, the neighbors gathered around and exclaimed, “What good luck for you!” The farmer stayed calm and replied, “Maybe yes, maybe no.”

While trying to tame one of wild horses, the farmer’s son fell, and broke his leg. He had to rest up and couldn’t help with the farm chores. “How sad for you,” the neighbors cried. “Maybe yes, maybe no,” said the farmer.

Shortly thereafter, a neighboring army threatened the farmer’s village. All the young men in the village were drafted to fight the invaders. Many died. But the farmer’s son had been left out of the fighting because of his broken leg. People said to the farmer, “What a good thing your son couldn’t fight!” “Maybe yes, maybe no,” was all the farmer said.

I've heard that one before...but TIL why everyone thinks Taoists (and Kabbalic Semites) are such smug assholes.   Grin

Would greater value invite greater incentive to steal said value?

Does ETH's magnitude-higher volume suggest a greater amount of crypto held in hot wallets?
idk, maybe it could turn out that some ETH hack too soon causes Poloniex to fold under excessive liability (unlikely, I know, but could the possibility exist?)

Also, could sophisticated finance that is more likely accompanying ETH trading leak into XMR trading and usurp control of the market, skimming outsider traders?

I have no idea.

Edit: Here's a maybe more tangibly plausible scenario. Could sudden increase in ETH traders increase overhead costs like account verification, support, etc. to cause an increase in fees to pay for overhead (if overhead costs from a flux of new accounts is greater than what current volumes and the fee schedule can provide)?

Another: could increase in workload from ETH overstress Tristan too much to the point of detriment? I suggest this because I just talked to him yesterday and he mentioned he's been insanely busy. I wished him that everyday is a day closer to an autonomous Poloniex.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
August 15, 2015, 02:15:40 AM
Once there was a Chinese farmer who worked his poor farm together with his son and their horse. When the horse ran off one day, neighbors came to say, “How unfortunate for you!” The farmer replied, “Maybe yes, maybe no.”

When the horse returned, followed by a herd of wild horses, the neighbors gathered around and exclaimed, “What good luck for you!” The farmer stayed calm and replied, “Maybe yes, maybe no.”

While trying to tame one of wild horses, the farmer’s son fell, and broke his leg. He had to rest up and couldn’t help with the farm chores. “How sad for you,” the neighbors cried. “Maybe yes, maybe no,” said the farmer.

Shortly thereafter, a neighboring army threatened the farmer’s village. All the young men in the village were drafted to fight the invaders. Many died. But the farmer’s son had been left out of the fighting because of his broken leg. People said to the farmer, “What a good thing your son couldn’t fight!” “Maybe yes, maybe no,” was all the farmer said.

I've heard that one before...but TIL why everyone thinks Taoists (and Kabbalic Semites) are such smug assholes.   Grin
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
August 15, 2015, 02:13:13 AM
I think it is unwise to taunt cryptsy for  being a little late to the Monero party.  Whether you like them or not they are a serious player in the altcoin scene.  I for one am thankful they have decided (evidently)to finally add Monero.  I will trade there in appreciation of their coming on board.  And I'd urge you to stay classy.

BTC-E is "a serious player in the altcoin scene."  CrapSea is only a serious player in the shitcoin alt-scam scene, and now it's too late to change that.

Was CrapSea accepting bribes for a year to add Monero while doing nothing "classy?"

We do not forgive.  We do not forget.  We are Mustangs.  Expect us.   Cool
legendary
Activity: 1834
Merit: 1019
August 15, 2015, 01:52:58 AM
Once there was a Chinese farmer who worked his poor farm together with his son and their horse. When the horse ran off one day, neighbors came to say, “How unfortunate for you!” The farmer replied, “Maybe yes, maybe no.”

When the horse returned, followed by a herd of wild horses, the neighbors gathered around and exclaimed, “What good luck for you!” The farmer stayed calm and replied, “Maybe yes, maybe no.”

While trying to tame one of wild horses, the farmer’s son fell, and broke his leg. He had to rest up and couldn’t help with the farm chores. “How sad for you,” the neighbors cried. “Maybe yes, maybe no,” said the farmer.

Shortly thereafter, a neighboring army threatened the farmer’s village. All the young men in the village were drafted to fight the invaders. Many died. But the farmer’s son had been left out of the fighting because of his broken leg. People said to the farmer, “What a good thing your son couldn’t fight!” “Maybe yes, maybe no,” was all the farmer said.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
August 15, 2015, 01:14:25 AM
I think it is unwise to taunt cryptsy for  being a little late to the Monero party.  Whether you like them or not they are a serious player in the altcoin scene.  I for one am thankful they have decided (evidently)to finally add Monero.  I will trade there in appreciation of their coming on board.  And I'd urge you to stay classy.

As to eth.

What a boon for our beloved little Monero.   That we are the number TWO coin at Poloniex is actually a positive thing at least for a while.    I think we are seeing lots of new blood at Poloniex because of eth, and some of those new folks will look at the other major coin at the exchange.   This is not spin.  It's just a blessing in disguise.


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