Topic: [XMR] Monero Speculation - page 2080. (Read 3313076 times)

... or some people decide to save on their heating costs http://listsbuzz.com/top-10-coldest-countries-in-the-world/

If it was because of a mega bubble I think you would be having fun

Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.

He who waits at the rivers edge long enough will see the bodies of all his enemies float bye.

Unless of course it is -30 C outside and furnace cannot keep up.

Monero is not profitable to mine with GPU if the electricity price is > $0.03 kWh.

You mine what's profitable ... not mine to make it profitable.

any idea on how much hardware you can afford with current xmr price / liquidity by selling all mined coins in a day?

*hint.  not a hell of a lot

Looks like I was right about bitcoin fiat price being more of a liability than the btc/xmr ratio.

if any type of transition is to occur, I don't think it will be swift. I have no idea how these companies will liquidate sha 256 hardware in order to procure GPU / CPU farms... plus, I don't think XMR is even economically feasible to mine right now.. electricity costs >> xmr value. And hasn't probably been economically viable for a while.

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I looked this up and would like to add some content:

https://bitcointalksearch.org/topic/m.9781917

As long as you fear Satan, you are bound to him. When Jesus sets you free, you are truly free.

(NSA has all the information of this world, and U.S. Navy holds sway over most of the planet, and the national armies and other forces over the rest. Whether you can use XMR in secret or not, is irrelevant as long as you fear that "stepping over the line" makes them find child porn in your computer and you go to jail, and 7 billion people applause. So yes, XMR is important, but only in the context that people let themselves be set free. Waging this war in the minefield of the enemy is not a winning strategy.)

True. You can only ignore government, after living through the tribulations it is capable on delivering to you, and realising in the end:

"I will not talk with you much longer, for the ruler of this world is coming. He has no power over me. [Lit. has nothing in me]" (John 14:30)

I read Sun Tzu The Art of War https://en.wikipedia.org/wiki/The_Art_of_War and the concept of ignoring my enemies simply does not appeal to me as a strategy. Here is a quote: https://www.goodreads.com/work/quotes/3200649---s-nz-b-ngf It is as relevant today as when it was written several millennia ago.

Edit: The fact that DRK left its flank wide open to a potentially crippling attack by the US Government while XMR did not is something I cannot ignore.

The government hates competition. When the people are not behaving according to the gov wants, in the end the just have to kill everybody, and then themselves, and then the bankers rule the world.

No sarcasm, this is the plan. But we are not there yet. In the current environment, there is no repercussion strong enough available for governments that would put the information (blockchain) back to the Pandora's box. Because it cannot be done.

We have been taught to love governments. But consider by whom - people who think they are dependent of governments (your parents), institutions dependent by governments (kindergarten, school, everything else you attended prior to reaching drinking age and even then), media, dependent of government. There can be good or bad governments, the one we currently have is quite simple, because nearly all governments in the world are plants, tools, of and for people in the position of world domination already.

"But he said to them, 'The kings of the Gentiles lord it over them, and those who exercise authority over them are called benefactors.'"

I wrote to Jorge about bitcoin - 100,000 people treasure it so much as to actually need and use it to escape (this) tyranny. Another few million try to make a quick buck, and 7+ billion continue "baa, baaaa".


The suppression agency arm of the Bankster world domination scheme (combined name of all the world governments ) is already spending 2-4 orders of magnitude more resources in suppressing XMR than the XMR developers are using for developing it. The battlefield is human mind, media, perception - if they can paint it bad (illicit drugs - of which many are useful to very useful for most people in general and treating sicknesses (cannabis), some are for party use, or for working harder and can be used to tailor your short-term state (amphetamine), some are deadly dangerous, not for the users but for the governments because they make people understand things even at the first dose (LSD), also good for treating mental disorders of many kind), then they sort of win, because people start parroting how it is bad.

But that's not necessarily the case. They may also lose: using a mobile phone while driving was tried to be outlawed, people just ignored it. Why? Their perception of the harmfulness of the thing being outlawed did not reach the critical level, also the group could not be marginalized because it was the majority already.

For the same reason, cannabis will be legalized in a swoop in the next 10 years almost everywhere. It makes people feel less anxious about their situation, which is good because the banksters can rob them faster, but the main reason is, because keeping it illegal erodes the remaining confidence in the government and its systems.

Every person who truly ignores government and all it does, is deadly dangerous to them (typically not at all to himself, nor the others, despite the government's claims to the contrary  ), and the network of prisons and mental institutions worldwide is awaiting to store them.

But it's not isolated cases anymore. Some say the age of martyrs is just starting, but it also may be ending. You don't really know. AFAIK, high level bitcoiners have mainly been threatened by government, and their freedom of communication has only been cut by threats, not by steel. How the world reacts to bitcoin advocates being put behind bars in solitary confinement (Martin Armstrong, "terrorists"), or to death, remains to be seen.

In the short term, you can choose to care about the legal situation, if you are good in that game.

I am not, because I honestly don't care about them. I cannot make myself think that they are important to me, and this background is very poor for analysing their moves. Board games are better because I know and care about my opponents, they are my friends.

My general idea is that in this society, there cannot be "war against crypto". It is just too vague an enemy, and many gov people are in it themselves.

It is maybe the same as other bogus enemies, like drugs, (child) porn, tax evasion, using a mobile when you drive, ...

Their only reason of existence in the legal code is to:
1) keep people anxious and depressed due to the sheer number of regulations that they must adhere to, and the incomprehensibility of them
2) provide skeletons in the closet for all people, so that if they reach a position of power, yet start to think and act independently, they can be replaced by using this "new" "scandal" information that just surfaced from NSA servers.

I'm just a humble guy who was living a very modest and financially small life in 2008, and suddenly the banks attacked me using the Finnish government as a tool, by raiding my home without my invitation. Fucking idiots! Without that, I would still know not 5% of what I do now. Every drug, child porn, tax evasion, terrorism, mobile phone, etc. related charge against me from now on is their (crafty or feeble, only the history knows) attempt to make my releasing of this kind of info difficult.

From my own experience I know that it is possible to make a lifelong enemy of a man by using force against him when he does not feel it is fair. This is the reason I believe the banks cannot win this one. It's like a card in card game that when attacked, gains +2X (where X is the damage inflicted by the attack), and when killed, resurrects 10 cards of equal value.

So my exhortation is to respectfully ignore each and everyone, who infringes your use of crypto. Or your life, for that matter.

Then there is the little detail of the 1MB blocksize limit in Bitcoin. 

My take on this is, Monero has the option to be traceable and untraceable. What makes it stand apart from Bitcoin, is that it's untracaeablility is very convenient and easy to understand/do, unlike Bitcoin where you have to use electrum to make new wallets everytime, use mixers to switch your coins around, and by the time you're done obfuscating your trace with Bitcoin, days have past, far different Monero where you can simply send coins anonymously with a few clicks.


After all, Bitcoin has marketed itself as something open and transparent, since it was widely thought of as illegal and for drugs only for quite some time. While, Monero will(Monero hasn't been marketed yet) probably be marketed as the "complete package", having both easy to use anonymity and easy to use transparency if needed.

To win the Average Joe, is to have the easiest product to use.

Actually I prefer to asses the regulatory risk of a crypto currency based on the actual rulings and statements provided by relevant government agencies rather than based on third party comments that are more often than not misleading if not outright wrong. It is fair to say that the US Government has been a leader in this area and relevant rulings from FinCEN can be found here. http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html and http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R001.pdf. I would urge the reader to carefully read the guidance before reaching conclusions.   This is from FIN-2013-G001. The key point is that Bitcoin miners are deemed "users" this was further clarified in FIN-2014-R001. So of course would be someone running a Bitcoin node since they are not engaging in a "business". I fail to find anything in this guidance that is specific to Bitcoin that would not also apply to Monero. Now compare this to the situation of the Darkcoin Masternodes. Are they MSBs and subject to FinCEN regulations? I suspect that a very good case could be made since 1) They are operating as a business and compensated for their efforts and  2) Their primary function is to exchange unmixed Darkcoins for mixed Darkcoins. This could make them an exchanger under the regulations. There is an interesting discussion in the Darkcoin thread on this https://bitcointalk.org/index.php?topic=421615.45000. The implications of a FinCEN ruling on the Darkcoin masternodes as MSBs could have a significant impact not only on the Darkcoin price but also on the Monero price. All it takes is for someone to approach FinCEN and request a ruling.

The key here is that while both Monero and Darkcoin may be aiming to achieve a similar objective, how this objective is achieved can have profound and very different legal and regulatory implications.

Edit: Assessing this kind of risk is a significant reason why I have chosen Monero over Darkcoin. I may of course be proven wrong, but that is what the free market is all about.

It depends on if XMR is useful to us or not. There are too many junk coins out there. I hope XMR prosper.