[XMR] Monero Speculation - page 1900.

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: darlidada on May 19, 2015, 07:31:27 AM

We can just move to Bittrex for the time being. It will be fun when XMR will become the top traded coins there. Remember when the fudders were sayin poloniex was a fake exchange with fake volume ?

Given that Bittrex is also US-based, it will only be a matter of time before a similar situation arises. As with Cryptsy as well. A temp solution but not ideal in the sense of a truly decentralized exchange.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: rpietila on May 19, 2015, 07:08:33 AM

Instead of dwelling in misery after the inevitability, how about thinking theoretically, how the private exchange can continue?

What ways to arrange a functional marketplace are available?

- Decentralized exchange
- Decentralized and trustless blockchain exchange between cryptos
- Exchange in a freer jurisdiction
- Bulleting board with a thought-out trust/escrow system
- Market-making exchange (Silverbank)
- Decentralized network of individual market makers (Localbitcoins)
- Services that make markets on intermediary financial goods (gift cards, miles, credits in paypal)
- Using Crypto Kingdom social exchange platform to conduct trades (exchange moving inside a non-jurisdiction)

If I can think of 8 ways, surely you can add another 8 basic alternatives, and then the community needs to form a taskgroup to pursue the selected one(s) of them.

I liked the busoni/poloniex solution something similar can be found on doooglus and just-dice. basically a trusted yet personally unknow person running a business - the door is open to you Wink

nioc

legendary

Activity: 1624

Merit: 1008

To those asking where is my GUI,

Nobody is more computer illiterate than I, but with motivation due to my belief in the project and help from the community, I set up Monero and have been using the command line wallet with no issues. I have a node running on my anemic machine as I type this.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: cAPSLOCK on May 19, 2015, 06:59:35 AM

Quote from: nioc on May 18, 2015, 08:19:50 PM

Quote from: cAPSLOCK on May 18, 2015, 08:01:17 PM

Quote from: nioc on May 18, 2015, 07:02:18 PM

I was unaware of increased withdrawal fees as of the 20th. I guess I'm going to withdraw all my Moneroj as I won't be selling any time soon.

This should be standard operating procedure. Two words: Mt. Gox.

Did you notice my "personal text" under my activity?

Not sure what that is... but my comment was not meant as a criticism in any way... just a reminder and encouragement to us all. Leaving crypto on exchanges is risky. When we know were are not trading... we should always be pulling it off.

Does it seem familiar now?

Quote from: cAPSLOCK on May 17, 2015, 10:39:59 AM

It is a very valuable fog we wander around in here, now in the present.

I did not take your post as criticism but as good advice like always. I first experienced you on a different forum where your posting was also excellent.

darlidada

hero member

Activity: 723

Merit: 503

We can just move to Bittrex for the time being. It will be fun when XMR will become the top traded coins there. Remember when the fudders were sayin poloniex was a fake exchange with fake volume ?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: ?? on ??

Everytime you get a pump the bears will short it to death. This revolution may not be cheap.

Correct. For the bears. You are too new to remember Cheesy

rpietila

donator

Activity: 1722

Merit: 1036

Instead of dwelling in misery after the inevitability, how about thinking theoretically, how the private exchange can continue?

What ways to arrange a functional marketplace are available?

- Decentralized exchange
- Decentralized and trustless blockchain exchange between cryptos
- Exchange in a freer jurisdiction
- Bulleting board with a thought-out trust/escrow system
- Market-making exchange (Silverbank)
- Decentralized network of individual market makers (Localbitcoins)
- Services that make markets on intermediary financial goods (gift cards, miles, credits in paypal)
- Using Crypto Kingdom social exchange platform to conduct trades (exchange moving inside a non-jurisdiction)

If I can think of 8 ways, surely you can add another 8 basic alternatives, and then the community needs to form a taskgroup to pursue the selected one(s) of them.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: ?? on ??

Everytime you get a pump the bears will short it to death. This revolution may not be cheap.

This is great news for the currency. It smooths the swings in just the manner you say and creates liquidity. Margin holders being forced to cover adds fuel to real rallies and falls.

It's a good thing.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Anon136 on May 18, 2015, 10:11:24 PM

how do you short xmr? what is the process?

Borrow XMR and sell it. You remain in debt to the lender. Later, buy XMR and give the lender his XMR plus the interest.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: nioc on May 18, 2015, 08:19:50 PM

Quote from: cAPSLOCK on May 18, 2015, 08:01:17 PM

Quote from: nioc on May 18, 2015, 07:02:18 PM

I was unaware of increased withdrawal fees as of the 20th. I guess I'm going to withdraw all my Moneroj as I won't be selling any time soon.

This should be standard operating procedure. Two words: Mt. Gox.

Did you notice my "personal text" under my activity?

Not sure what that is... but my comment was not meant as a criticism in any way... just a reminder and encouragement to us all. Leaving crypto on exchanges is risky. When we know were are not trading... we should always be pulling it off.

DaveyJones

hero member

Activity: 768

Merit: 505

Why should the lack of GUI be the problem? Just WHY? Anyone of you thinks people new to bitcoin use the core gui? I think most of them non tech-savy people will use the likes of Electrum or Multibit

illodin

hero member

Activity: 966

Merit: 1003

Quote from: smooth on May 19, 2015, 04:12:02 AM

One caution

Quote from: Poloniex Term of Use

Poloniex aims to reasonably identify each user by cross-checking user data against governmental watch lists such as OFAC, as well as 3rd party identity verification and authentication services. If a user or a user’s transaction is flagged as suspicious through our internal controls, Poloniex will require additional proof of identification from the user and has the right to not permit any trades, deposits, and/or withdrawals until additional and verifiable proof of identity is received and the Compliance Officer has approved the user for use of the Platform.

In other words, if you do business there you are at risk of having your coins held ransom for whatever "additional proof" they want, and also possibly the discretion of their Compliance Officer before giving them back.

What does that mean for services like xmr.to and shapeshift.io, do they have the balls to continue operate?

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: smooth on May 19, 2015, 04:12:02 AM

Quote from: kurious on May 19, 2015, 03:53:40 AM

Ref: Polo KYC, I just looked at verification and for up to $2000 equivalent/ day, for 'level 1' - all they want is a name and a country.

No verification of name required, no ID requested - so you could even give a false one, it seems.

With your email addy known already - you are effectively traceable to that extent by TPTB anyway.

For most people it's not that scary.

Don't get me wrong, I am concerned about my privacy, but it's not passport and proof of addy until pretty serious amounts - probably way more than you should have on an exchange anyway.

One caution

Quote from: Poloniex Term of Use

Poloniex aims to reasonably identify each user by cross-checking user data against governmental watch lists such as OFAC, as well as 3rd party identity verification and authentication services. If a user or a user’s transaction is flagged as suspicious through our internal controls, Poloniex will require additional proof of identification from the user and has the right to not permit any trades, deposits, and/or withdrawals until additional and verifiable proof of identity is received and the Compliance Officer has approved the user for use of the Platform.

In other words, if you do business there you are at risk of having your coins held ransom for whatever "additional proof" they want, and also possibly the discretion of their Compliance Officer before giving them back.

Yes, Smooth - maybe it is naive, but really... with a 'legit' exchange, it's probably also naive to assume they can go on without KYC forever...

I don't like it, but Polo can't fight it, realistically.

Quote from: illodin on May 19, 2015, 04:09:11 AM

If there was an official easy to use GUI wallet, < 4 GB blockchain, and database, the barrier of withdrawing XMR instead of BTC would've been a lot smaller.

I have to agree - I am a Mac user and I am not a coder, or even that savvy. I think lack of GUI is a barrier to Monero adoption - it proves the strength of the coin it does well without it, sure - but it would make a big difference to the likes of me... and there are a lot more of me than there are crypto-sophisticates...

GTO911

hero member

Activity: 672

Merit: 500

Quote from: mrkavasaki on May 19, 2015, 04:32:13 AM

Thinking about to buy back in blackcoin instead of monero

Haha, i have no doubt you are just a counter troll, i am sure a lot of people will be happy you buy 'blackcoin'

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

There's MyMonero, there's MoneroX (where you can set remote daemon)... keeping big amounts of money on exchange is plain stupid and history already showed that a good couple of times.
A lot of exchanges were hacked, can you be so sure that Polo will not be the next in line?

pinky

hero member

Activity: 538

Merit: 500

Quote from: kurious on May 19, 2015, 03:53:40 AM

Ref: Polo KYC, I just looked at verification and for up to $2000 equivalent/ day, for 'level 1' - all they want is a name and a country.

This won't last long. It makes no sense to have this kind of limits.
I believe Poloniex knows they have to start KYC in order to be compliant and they are well aware what is/was their competitive advantage. We are watching "soft" transition and they hope they don't lose too much customers in the process.

mrkavasaki

hero member

Activity: 888

Merit: 500

Thinking about to buy back in blackcoin instead of monero
Without an anonymous exchange, monero is a worthless crap

GTO911

hero member

Activity: 672

Merit: 500

Quote from: illodin on May 19, 2015, 04:09:11 AM

If there was an official easy to use GUI wallet, < 4 GB blockchain, and database, the barrier of withdrawing XMR instead of BTC would've been a lot smaller.

Mymonero is very easy to use

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: kurious on May 19, 2015, 03:53:40 AM

Ref: Polo KYC, I just looked at verification and for up to $2000 equivalent/ day, for 'level 1' - all they want is a name and a country.

No verification of name required, no ID requested - so you could even give a false one, it seems.

With your email addy known already - you are effectively traceable to that extent by TPTB anyway.

For most people it's not that scary.

Don't get me wrong, I am concerned about my privacy, but it's not passport and proof of addy until pretty serious amounts - probably way more than you should have on an exchange anyway.

One caution

Quote from: Poloniex Term of Use

Poloniex aims to reasonably identify each user by cross-checking user data against governmental watch lists such as OFAC, as well as 3rd party identity verification and authentication services. If a user or a user’s transaction is flagged as suspicious through our internal controls, Poloniex will require additional proof of identification from the user and has the right to not permit any trades, deposits, and/or withdrawals until additional and verifiable proof of identity is received and the Compliance Officer has approved the user for use of the Platform.

In other words, if you do business there you are at risk of having your coins held ransom for whatever "additional proof" they want, and also possibly the discretion of their Compliance Officer before giving them back.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: farfiman on May 19, 2015, 03:31:43 AM

Quote from: rpietila on May 19, 2015, 03:13:27 AM

....
It may increase of decrease the price of the coin in the short term (hard to say which one: my knee-jerk reaction was to buy XMR as long as I conveniently can, but apparently the economic majority last night wanted BTC instead).

I don't think they wanted BTC - they wanted out of polo. Probably the don't have or don't want to deal with xmr wallets so they had no choice.

If there was an official easy to use GUI wallet, < 4 GB blockchain, and database, the barrier of withdrawing XMR instead of BTC would've been a lot smaller.

Topic: [XMR] Monero Speculation - page 1900. (Read 3314330 times)