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Topic: [XMR] Monero Speculation - page 1889. (Read 3314330 times)

sr. member
Activity: 350
Merit: 250
May 25, 2015, 10:12:54 PM

I love these old threads. Two years since I brought the thread back from the dead by quoting satoshi and still nothing!

I like the prophetic:


If we upgrade now, we don't have to convince as much people later if the bitcoin economy continues to grow.

A warning to Monero today! It better do all hardforks necessary ASASAP (as soon and as safe as possible)
legendary
Activity: 2282
Merit: 1050
Monero Core Team
May 25, 2015, 10:06:09 PM
Is it a good thing to have MP on board? It seems pretty clear that Satoshi intended for larger blocks to come back (apparently original block size was 32 MB in bitcoin), and MP and his acolytes have been trolling hard to prevent any change and keep 1 MB blocks. XMR devs have committed to changing the code to add infinite inflation, 1% a year I think; is it unreasonable to think he would be virulently opposed to a significant change like this in Monero, even though it's essentially already agreed upon? Not saying it's necessarily a bad thing he if he is a Monero holder/supporter, just that maybe could be more trouble than it's worth...

Satoshi is gone, heres what the current devs say about it: https://np.reddit.com/r/Bitcoin/comments/379ce5/the_lightning_network_requires_blocks_larger_than/crkspgl

Peter Todd is a developer. __The__ developer says that 20 MB blocks should be implemented in ~1 year, and I believe has already made public the code in a github repo. Also, I think it was pretty clear from some of satoshi's writing that 1 MB blocks were a temporary measure to combat spam, and he was considering (re-)raising the limit back in 2010: https://bitcointalksearch.org/topic/m.15366 (he's even going to send out an alert telling people to update, just wait and see). Anyway, my point was that I'm not a fan of the tactics employed by Mircea Poopoo and his entourage in attempting to derail the increase in Bitcoin block size, what peripheral devs think not withstanding.

Also, I know Monero has adaptive block size. I was commenting that Monero still needs to hard fork to implement permanent inflation rewards, and that maybe MP will be bellyache/troll similar to how he has over increasing bitcoin block size. It's kind of a scarcity issue along the same lines I think.

I love these old threads. Two years since I brought the thread back from the dead by quoting satoshi and still nothing!
sr. member
Activity: 350
Merit: 250
May 25, 2015, 09:57:08 PM
Also, I know Monero has adaptive block size. I was commenting that Monero still needs to hard fork to implement permanent inflation rewards, and that maybe MP will be bellyache/troll similar to how he has over increasing bitcoin block size. It's kind of a scarcity issue along the same lines I think.

The inflation rewards are already in the code, no hardfork needed. This was always said to take place in the future. I dont think MP supports Monero (only him could say that), I merely pointed the link to an irc chatroom log.
legendary
Activity: 3164
Merit: 1118
May 25, 2015, 09:55:33 PM
Is it a good thing to have MP on board? It seems pretty clear that Satoshi intended for larger blocks to come back (apparently original block size was 32 MB in bitcoin), and MP and his acolytes have been trolling hard to prevent any change and keep 1 MB blocks. XMR devs have committed to changing the code to add infinite inflation, 1% a year I think; is it unreasonable to think he would be virulently opposed to a significant change like this in Monero, even though it's essentially already agreed upon? Not saying it's necessarily a bad thing he if he is a Monero holder/supporter, just that maybe could be more trouble than it's worth...

Satoshi is gone, heres what the current devs say about it: https://np.reddit.com/r/Bitcoin/comments/379ce5/the_lightning_network_requires_blocks_larger_than/crkspgl

Peter Todd is a developer. __The__ developer says that 20 MB blocks should be implemented in ~1 year, and I believe has already made public the code in a github repo. Also, I think it was pretty clear from some of satoshi's writing that 1 MB blocks were a temporary measure to combat spam, and he was considering (re-)raising the limit back in 2010: https://bitcointalksearch.org/topic/m.15366 (he's even going to send out an alert telling people to update, just wait and see). Anyway, my point was that I'm not a fan of the tactics employed by Mircea Poopoo and his entourage in attempting to derail the increase in Bitcoin block size, what peripheral devs think not withstanding.

Also, I know Monero has adaptive block size. I was commenting that Monero still needs to hard fork to implement permanent inflation rewards, and that maybe MP will be bellyache/troll similar to how he has over increasing bitcoin block size. It's kind of a scarcity issue along the same lines I think.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
May 25, 2015, 09:35:05 PM

Wat? If I had a sock account it would be you. Why do you keep quoting me and proving me correct? Do you even understand what 3,2,1 countdown means?

Here let me re-quote more of this post for you from a month ago.


More Like 10,9,8,7,6,5,4,3,2,1....


OK, So I still think we can expect .002 - .0018 to be the low before a big upswing back above .003+.  What I'm not sure on is the time frame.

...



legendary
Activity: 2282
Merit: 1050
Monero Core Team
May 25, 2015, 09:34:19 PM
btw are there any insights regarding the conferences in europe someone wants to share?


It looks like fluffy is getting himself busy: http://search.bitcoin-assets.com/?q=monero Grin

good to have MP onboard.

Is it a good thing to have MP on board? It seems pretty clear that Satoshi intended for larger blocks to come back (apparently original block size was 32 MB in bitcoin), and MP and his acolytes have been trolling hard to prevent any change and keep 1 MB blocks. XMR devs have committed to changing the code to add infinite inflation, 1% a year I think; is it unreasonable to think he would be virulently opposed to a significant change like this in Monero, even though it's essentially already agreed upon? Not saying it's necessarily a bad thing he if he is a Monero holder/supporter, just that maybe could be more trouble than it's worth...

Monero has adaptive blocksize limits which means there is no fixed 1MB (or some other size) blocksize cast in stone as in the case not only with Bitcoin but also with the vast majority of alt-coins. This is the reason why I found out about Monero in the first place and one of the reasons why I am a strong supporter of Monero.

Edit: Forking Monero to add fixed blocksize limits would be a huge violation of the social covenant.
sr. member
Activity: 350
Merit: 250
May 25, 2015, 09:08:02 PM
Is it a good thing to have MP on board? It seems pretty clear that Satoshi intended for larger blocks to come back (apparently original block size was 32 MB in bitcoin), and MP and his acolytes have been trolling hard to prevent any change and keep 1 MB blocks. XMR devs have committed to changing the code to add infinite inflation, 1% a year I think; is it unreasonable to think he would be virulently opposed to a significant change like this in Monero, even though it's essentially already agreed upon? Not saying it's necessarily a bad thing he if he is a Monero holder/supporter, just that maybe could be more trouble than it's worth...

Satoshi is gone, heres what the current devs say about it: https://np.reddit.com/r/Bitcoin/comments/379ce5/the_lightning_network_requires_blocks_larger_than/crkspgl
legendary
Activity: 3164
Merit: 1118
May 25, 2015, 07:02:50 PM
btw are there any insights regarding the conferences in europe someone wants to share?


It looks like fluffy is getting himself busy: http://search.bitcoin-assets.com/?q=monero Grin

good to have MP onboard.

Is it a good thing to have MP on board? It seems pretty clear that Satoshi intended for larger blocks to come back (apparently original block size was 32 MB in bitcoin), and MP and his acolytes have been trolling hard to prevent any change and keep 1 MB blocks. XMR devs have committed to changing the code to add infinite inflation, 1% a year I think; is it unreasonable to think he would be virulently opposed to a significant change like this in Monero, even though it's essentially already agreed upon? Not saying it's necessarily a bad thing he if he is a Monero holder/supporter, just that maybe could be more trouble than it's worth...
newbie
Activity: 49
Merit: 0
May 25, 2015, 06:19:46 PM
btw are there any insights regarding the conferences in europe someone wants to share?


It looks like fluffy is getting himself busy: http://search.bitcoin-assets.com/?q=monero Grin

good to have MP onboard.
legendary
Activity: 2268
Merit: 1141
May 25, 2015, 03:03:21 PM
to be honest it does not seem to work right now. i just made another payment to confirm but it is stuck for like 25 minutes allready.
also last time i had the feeling my xmr payment was processed manually

btw are there any insights regarding the conferences in europe someone wants to share?

 

I have no other real info than that the meetups were pretty well attended, around 25-30 people at each one.
sr. member
Activity: 350
Merit: 250
May 25, 2015, 01:26:18 PM
btw are there any insights regarding the conferences in europe someone wants to share?


It looks like fluffy is getting himself busy: http://search.bitcoin-assets.com/?q=monero Grin
sr. member
Activity: 453
Merit: 500
hello world
May 25, 2015, 12:19:30 PM
to be honest it does not seem to work right now. i just made another payment to confirm but it is stuck for like 25 minutes allready.
also last time i had the feeling my xmr payment was processed manually

btw are there any insights regarding the conferences in europe someone wants to share?

 
legendary
Activity: 2268
Merit: 1141
May 25, 2015, 12:13:39 PM
i tried it, worked well.
unfortunately they send with mixing 0, rest worked fine for me. sometimes the price they offer is not so good, sometimes its better than on the exchange.

Hmm, I haven't tried it myself, but I could've sworn that I read Shapeshift uses mixin 3 now. I thought it was on reddit, but not seeing it now. Did you try within the last week or two, or longer ago than that?

They set it back to zero because of some problems with dust outputs or something. I don't know who received that message, but if you read this, please come and elaborate more on this matter (or perhaps shapeshift itself could elaborate?).
legendary
Activity: 3164
Merit: 1118
May 25, 2015, 11:14:34 AM
i tried it, worked well.
unfortunately they send with mixing 0, rest worked fine for me. sometimes the price they offer is not so good, sometimes its better than on the exchange.

Hmm, I haven't tried it myself, but I could've sworn that I read Shapeshift uses mixin 3 now. I thought it was on reddit, but not seeing it now. Did you try within the last week or two, or longer ago than that?
legendary
Activity: 1624
Merit: 1008
May 25, 2015, 11:09:51 AM
i tried it, worked well.
unfortunately they send with mixing 0, rest worked fine for me. sometimes the price they offer is not so good, sometimes its better than on the exchange.

I thought they changed their mixin after recent requests.
sr. member
Activity: 453
Merit: 500
hello world
May 25, 2015, 11:04:31 AM
i tried it, worked well.
unfortunately they send with mixing 0, rest worked fine for me. sometimes the price they offer is not so good, sometimes its better than on the exchange.
legendary
Activity: 1624
Merit: 1008
May 25, 2015, 10:56:50 AM
For those looking for an anonymous way of buying Monero after the changes at Polo, has anybody used Shapeshift?

I checked out their site and it seems as anonymous as it gets.  The buy limit was between 1 and 2 btc.  Although they charge no fee, the buy and sell prices were 1% from the Polo price the one time I checked.  To balance this out there is no slippage when transacting as there would be on an exchange.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
May 25, 2015, 10:26:14 AM
left monero correct his price naturally without angry it time to touch 0.0015, sell half your xmr and make good deal where is the problem ?

What?

Did you mean: let Monero correct its price naturally to .0015, sell half now and buy back then?

If you did, it assumes the price goes to 15k and it doesn't naturally go to a higher price after you sell and force you to re-buy at a higher price--no thank you; I'll hold--not greedy enough to risk what i already have.
legendary
Activity: 1176
Merit: 1000
May 25, 2015, 10:05:13 AM
left monero correct his price naturally without angry it time to touch 0.0015, sell half your xmr and make good deal where is the problem ?
legendary
Activity: 2282
Merit: 1050
Monero Core Team
May 21, 2015, 07:29:23 PM
I'd love to see the margin stats.  It would only take about 20k USD to completely wipe out all the margined shorts, I think.


Yes. This could be the really interesting angle to this market after the start of margin trading on Poloniex.
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