[XMR] Monero Speculation - page 1904.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: americanpegasus on May 18, 2015, 06:00:42 PM

Quote from: ArticMine on May 18, 2015, 05:33:56 PM

Quote from: futureofbitcoin on May 18, 2015, 05:29:56 PM

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No it does not. Install GNU/Linux and keep your moneroj on your own computer under your own control.

I would like to buy a new Windows box and hold Monero there in cold storage. I have no interest in learning Linux. Is there a 'for dummies' guide to applying a graphical Windows shell to moneroj?

Forgive my ignorance.

MoneroX exists, so you can have a "windows shell" for monero.

Also, cold / paper storage is really easy to set up. You can do it with your current windows box. Disconnect your PC from the net (unplug or disconnect wifi) Run simplewallet. Make a new wallet file. Copy down the word see mneumonic thing (on paper). make the password something ridiculous - just mash the keyboard. Copy the wallet address into some other file. Then delete all of the files associated with the wallet.

The only benefit to doing a cold-storage wallet with a live-linux setup is that, technically, those files are still on your hard drive... using the live linux CD prevents this from happening. Or you could find a "secure erase" thing to delete those files.

Also, Ubuntu is reeeaalllly easy. It looks like windows.

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: ArticMine on May 18, 2015, 05:33:56 PM

Quote from: futureofbitcoin on May 18, 2015, 05:29:56 PM

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No it does not. Install GNU/Linux and keep your moneroj on your own computer under your own control.

I would like to buy a new Windows box and hold Monero there in cold storage. I have no interest in learning Linux. Is there a 'for dummies' guide to applying a graphical Windows shell to moneroj?

Forgive my ignorance.

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: rpietila on May 18, 2015, 05:44:27 PM

Stay calm. The network is as anonymous as yesterday, and the NSA anyway knows if you buy from an exchange (or outside of it Wink

), regardless if you do KYC or not. Monero still allows you to be compliant to the banksters, and it still allows you to not be, and neither has changed.

+10000

rpietila

donator

Activity: 1722

Merit: 1036

Stay calm. The network is as anonymous as yesterday, and the NSA anyway knows if you buy from an exchange (or outside of it Wink

), regardless if you do KYC or not. Monero still allows you to be compliant to the banksters, and it still allows you to not be, and neither has changed.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: oblox on May 18, 2015, 05:42:42 PM

Quote from: celestio on May 18, 2015, 05:37:24 PM

Quote from: kazuki49 on May 18, 2015, 05:34:01 PM

Quote from: futureofbitcoin on May 18, 2015, 05:29:56 PM

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No, because Monero doesnt need an exchange to works and there are other exchanges available, it would defeat the purpose of a transparent blockchain coin because virtually all you do on it would be made traceable in a KYC exchange.

Yep, even if you give an exchange your name, birthdate, address, ID, etc, and you use Monero, then they still wouldn't know what you're doing with your funds.

An example: John registers his identity at an exchange. John deposits Moneroj with a mixin of 3. John withdraws Moneroj with a mixin of 3. The exchange has no idea where John sent his funds, nor do they know John's original Monero address.

Basically, Monero is still anonymous, even if you put your identity on an exchange.

Polo doesn't do mixin 3 on withdrawals.

Create a throw away wallet, name it polo-withdraw. Withdraw to that wallet. Once it arrives, wait a little while to avoid timing-related tracing (I recommend >1 hour), and then send from there with a higher mixin to a regular wallet. If the amount is distinctive, break up this second transfer into 2+ pieces to avoid having the same (or almost the same, after fees) amount as the original transfer. (If the amount is something very common like 100, you probably don't need to bother breaking it up, but it is better to do so.)

Ideally some or all of these steps will be done automatically by wallets in the future, but the tools are still pretty simple/primitive. The underlying technology to be private without cooperation from anyone is there though, and is what makes Monero great.

Quote

Further, some just feel uncomfortable with the notion about giving their details out like that.

Agree

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: futureofbitcoin on May 18, 2015, 05:40:32 PM

but they would know how much XMR John has, and where he lives. If the government comes and wants to confiscate it, because they believe john is doing some illegal trade or tax evasion or whatever, this is undeniable proof that john has at the minimum x XMR, and he would have to prove that he did not use them in an illegal way.

And XMR volume on other exchanges are too low if you want to buy a decent amount. Unless people start moving from poloniex to other exchanges.

This is your opinion, I dont fear to show how much XMR I own or use it to evade taxes, I plan to legally use it as an useful crypto-currency.

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: celestio on May 18, 2015, 05:37:24 PM

Quote from: kazuki49 on May 18, 2015, 05:34:01 PM

Quote from: futureofbitcoin on May 18, 2015, 05:29:56 PM

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No, because Monero doesnt need an exchange to works and there are other exchanges available, it would defeat the purpose of a transparent blockchain coin because virtually all you do on it would be made traceable in a KYC exchange.

Yep, even if you give an exchange your name, birthdate, address, ID, etc, and you use Monero, then they still wouldn't know what you're doing with your funds.

An example: John registers his identity at an exchange. John deposits Moneroj with a mixin of 3. John withdraws Moneroj with a mixin of 3. The exchange has no idea where John sent his funds, nor do they know John's original Monero address.

Basically, Monero is still anonymous, even if you put your identity on an exchange.

Polo doesn't do mixin 3 on withdrawals. They did briefly but currently do not. Further, some just feel uncomfortable with the notion about giving their details out like that.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

but they would know how much XMR John has, and where he lives. If the government comes and wants to confiscate it, because they believe john is doing some illegal trade or tax evasion or whatever, this is undeniable proof that john has at the minimum x XMR, and he would have to prove that he did not use them in an illegal way.

And XMR volume on other exchanges are too low if you want to buy a decent amount. Unless people start moving from poloniex to other exchanges.

celestio

sr. member

Activity: 770

Merit: 250

Quote from: kazuki49 on May 18, 2015, 05:34:01 PM

Quote from: futureofbitcoin on May 18, 2015, 05:29:56 PM

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No, because Monero doesnt need an exchange to works and there are other exchanges available, it would defeat the purpose of a transparent blockchain coin because virtually all you do on it would be made traceable in a KYC exchange.

Yep, even if you give an exchange your name, birthdate, address, ID, etc, and you use Monero, then they still wouldn't know what you're doing with your funds.

An example: John registers his identity at an exchange. John deposits Moneroj with a mixin of 3. John withdraws Moneroj with a mixin of 3. The exchange has no idea where John sent his funds, nor do they know John's original Monero address.

Basically, Monero is still anonymous, even if you put your identity on an exchange.

camu6

full member

Activity: 158

Merit: 100

Usually being the ultra monero bull, i feel this is going to hurt monero alot in the shortterm. It`s not just the issue at Poloniex itself, there is just no good alternative for now.

We were in a nice little uptrend but the market reacted immediately and we might test 0.002 again.

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: futureofbitcoin on May 18, 2015, 05:29:56 PM

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No, because Monero doesnt need an exchange to works and there are other exchanges available, it would defeat the purpose of a transparent blockchain coin because virtually all you do on it would be made traceable in a KYC exchange.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: futureofbitcoin on May 18, 2015, 05:29:56 PM

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

No it does not. Install GNU/Linux and keep your moneroj on your own computer under your own control.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

that would totally defeat the purpose of monero, wouldn't it?

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: shitaifan2013 on May 18, 2015, 05:14:43 PM

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

Short term will be bad but if polo adds fiat market we can see a resurgence.

shitaifan2013

legendary

Activity: 874

Merit: 1000

monero

not sure if you guys already heard, but poloniex will require personal info and introduces new stricter withdrawal limits from 20th may onwards. (they also introduced margin trading today)

I wonder how this will influence the price/liquidity short term.

americanpegasus

hero member

Activity: 770

Merit: 504