Topic: [XMR] Monero Speculation - page 1914. (Read 3314330 times)

It's possible that The Isle of Man could be that jurisdiction...

http://www.telegraph.co.uk/technology/11109256/Creating-a-Bitcoin-Island-just-off-the-English-coast.html

thelibertycap, I nuked the meme pic as it was off topic and also its a bit unfair to create a Monero endorsement with a real person's picture when he hasn't actually endorsed it.

Speaking of which let's pivot away from this free and open source software discussion unless it is tied in directly to Monero's future prospects.

Actually it matters a lot. If one reads the actual report https://securelist.com/files/2015/02/Equation_group_questions_and_answers.pdf one finds that this is a suite of Microsoft Windows malware that hides in the firmware of the hard drive. It was likely written by western intelligence agencies who were given access to the Windows source code including all the DRM secrets by, PRISM participant, Microsoft. There is some evidence that there are some components of malware for IOS and OSX. We must keep in mind that Apple is also a PRISM participant and would very likely also share its DRM secrets with these same agencies. There is zero evidence of infections targeting GNU/Linux.

If one builds a beautiful house, Monero, on top of a shaky propriety foundation provided by Microsoft or Apple, one should not be surprised if the house comes tumbling down with the slightest breeze on the part of some government agency. Build the same house on top of a solid FLOSS foundation and it will likely survive a few hurricanes.

Monero is a fabulous project for privacy and freedom; however in order for it to work it also needs a solid foundation.  

Doesn't matter what OS you use when your hard drive firmware is compromised.

http://www.techpowerup.com/209925/nsa-hides-spying-backdoors-into-hard-drive-firmware.html

Having more than one PC is definitely an option. The thing to keep in mind here is that a computer or device cannot serve two masters. If it supports DRM at the operating system level then one should assume that any information that is entered into that device or computer will be shared with every government spy agency on the planet, any criminal that seeks this information, any corporation wishing to profile etc. It should not be used for anything even remotely sensitive from a privacy perspective such as browsing the web or sending an innocuous email, let alone Monero.

On the other hand a computer or device that makes its owner the master will not be trusted by any licensor of DRM infected content be it the MPAA, a game vendor, streaming service etc. It will protect the privacy and security of its owner very well. The only way to ensure that the owner is the master is to use a FLOSS operating system which for most people means GNU/Linux.

Edit1: When it comes to virtualization it is the host and not the guest that is in control so running a GNU/Linux guest on a Windows host is not a solution, since the DRM supporting host namely Windows is in control. One the other hand running a Windows guest on a GNU/Linux host can be an option in certain situations since the GNU/Linux host is in control.

Edit2: When it comes to Monero one must realize that security is only as strong as the weakest link. Ring signatures, I2P, Stealth Addresses, etc are not going to be of much help if the adversary knows one's private key and can track every transaction one makes via the DRM in the operating system.

I would be all over linux if it was supported by video games. I know that sounds silly but it would be hard for me to give up one of my favorite pass times. I suppose that's why having 2 PC's is useful, one with windows and one with linux for cryptos

The future of crypto-currency requires Monero on GNU/Linux not just Monero. If one is using Windows 8.1 RT the only choice will be to use a service such as Coinbase regardless of whether one is using Bitcoin, Monero or some other crypto-currency. The reality is that Microsoft has been gradually moving Windows towards the fully locked down Orwellian Telescreen Windows RT model for at least the last 15 years, much like slowly rising a temperature on a pot of cold water with a frog in it. My expectation is that the frog will be dead certainly within the next decade and very likely within the next 5 years.

Edit: Those that are still in the Microsoft pot would be wise to jump out while they are still able.

They will come when its too late: http://www.coindesk.com/be-vigilant-on-compliance-coinbase-warns-bitcoin-startups/

Bitcoin in the US is gone! Why? Push for regulation and taxation is at ATH and Bitcoin blockchain is open to everybody and your doge do tracking and surveillance, do the math, Coinbase already track your transactions and if you do something weird they ban you, you can't buy from them without KYC, it won't end nice. Thanks for all the fish Satoshi but the future of cryptocurrency requires something better, it requires Monero

community activity low, volume very low, price not so low but also not so high. reversal is not far away, all it needs is a potent buyer to step in.
is everybody busy watching btc? are the big fish all doing holidays?
this flat times mostly dont end well short term for xmr, but mid term skies are allready bright if you ask me
if you all wait for 180k yeah chances are high we might see them, but than there are the front runners and the front runners of the front runners and so on..

also depending on btc, stars could align perfectly for a new sharp run up in fiat and also btc terms, where we take down the 1 dollar mark easily 

It's on topic in the sense that increasing intrusiveness may increase demand for private cryptocurrencies (so long term speculation as opposed to wall watching; both are on topic). Or may being bans (if e.g. cash is banned and cryptocurrencies are treated as cash). Bans could have a positive or negative effect on price, opinions differ.

A few posts may have gone a bit far afield, but as long as it is tied to demand and future price of Monero it seems okay to me.

We could see 0.0017 - 0.0018 before a bounce back up but I would not count on it. Also those hoping for lower XMR prices would be wise to watch DASH especially on a daily chart.

I believe that the two assets are not directly connected. In the previous bear run, XMR remained stable, while BTC kept sliding down. I think that many people will seize the opportunity of the current low prices on XMR vs the bull market of BTC in order to take some more XMRs for their stash; and yes, that's what I'm after.

PS:
I'm sorry for going off topic in my previous post.

Thanks 




So.... Price...   ..eh?   





If Bitcoin starts a strong bull run this week? It will probably make xmr follow, but with a lag, and an overshoot. So imminent you'd be able to pick up cheaper xmr, which would later become more expensive.

Sorry you are right. It is largely my fault. I have an off topic thread for the monero community somewhere.

Well I found it... Kind of... https://bitcointalksearch.org/topic/--1007593 Weird... Wonder where it went and why.

Let's say bitcoin starts a strong bull run this week. Any thoughts on how this will affect XMR in the short term?

Could we get back on topic?

Pardon me for interrupting, but this is EXACTLY what's happening here in Greece with fiat. There has been an incentive to incorporate a "global" bank monitoring system that's embedded to the tax system as well, in order to ban tax evasion. To make it even better, nothing above 70eur will be allowed to be transacted, from anyone to anyone, without a credit card or bank account being used as an intermediate.

Death and Taxes...

That's pretty convoluted logic. Requiring people to keep all receipts when using cryptocurrencies, and then having them meticulously enter all of the amounts and dates into some tax program, and keeping track of every single purchase and exchange rate on the front end, really isn't going to warm them up to the technology. No, they'll just keep using credit cards or cash. It decidedly *won't* stop people from spending money in their usual ways, it'll just stop people from using cryptocurrencies.

Let's add the states don't want other states eavesdropping on them and corporations don't want states or other corporations eavesdropping on them--this is much bigger than individual rights--not that that isn't reason enough to find alternatives or build more privacy solutions.

No. This is totally wrong.

If you tried to start your own company who's value proposition was that it had pioneered innovative ways of proving that it was not compromising your security, who do you think would come after you? Dell employees? Or cops? In the absence of the state OF COURSE such a company would come into being. You and me and everyone here and many many many others would pay for that peace of mind. Do you think entrepreneurs are going to pass up the opportunity to make a ton of money off of us?

In your example the corporations are logistical specialists at best. The teeth are still the state. The one who would (literally) club you over the head if you interjected and disrupted this unholy union would be agents of the state, not the agents of microsoft.