Topic: [XMR] Monero Speculation - page 2137. (Read 3314596 times)

Yeah but you have to figure grandma isn't going to be mining crypto ... someone else is mining with grandma's computer.  I'm willing to give her up to get rid of botnets:p

But you are right.  It is an academic question.  If there was a way of forcing blockchain storage to mine I think that would do wonders because people would find it if botnets were being used.

Maybe someone needs to figure out how to incorporate a proof of consent.

Well the question then is whether you want to exclude grandma and focus on gamers. I sure don't.

This is kind of an academic question right now though (since neither have any good reason to be interested), but an important distinction when it comes to statement of purpose longer term.

In fact on the altcoin observer thread we had an interesting discussion about a billion cell phones mining while on chargers.

The security idea is good. There have been some ideas I've seen to use multisig as a form of decentralized 2FA (both your PC and cell phone would have to sign a transaction for example).

I could dig deeper into this but my impression is that the cryptonote algo isn't as efficient at punishing lower end older CPUs as it could be.  The tendency of botnets is to capture grandma's computer (Walmart computer from 3 years ago)  Not the gamers/hipsters/business professionals high end gaming pc/mac/ultrabook computer.

This might be a misperception on my part.  The newer the PC, the less likely to be infected by a botnet as the owner probably cares more about controlling his own hardware.

+9999 on the guy who mentioned security.  A wallet that limited withdrawals to a small amount per 24 hour period unless multisig from a second device was used.  And then sent a warning message to the second wallet (maybe phone thin wallet?) Would be amaxing.

I believe Ethereum is working on a method to force miners to keep the block chain on the local machine (would help in making botnets less of a factor)

I have a windows machine.  I refuse to use Linux even though I work in IT.  I live in fear of keeping too much on an exchange and more fear of keeping it on my local machine.

I think this is highly confused. An everyday PC user is almost exactly identical to a botnet. In fact I've described a successful decentralized cryptocurrency (i.e. not one dominated by purpose-built GPU rigs and/or ASICs) as being a botnet that enlists the user's help to install it. For this reason Monero is the coin (among the top few dozen by market cap at least) that is most friendly to mining by everyday users.

The main reason botnets get so much attention is that so few actual users are using the coin (including mining), thus the proportion attributed to botnets becomes larger. Throw a few million (or more) actual users in the mix and botnets are tiny by comparison.

Anyway, I largely agree with the rest of your points and Come-In-Behind's similar comments.

bitcoin is what it is and that is great: it is a decentralised transparent ledger. I think it will even get more transparent - hopefully not leading to a fungibility crisis.

there will be without a doubt a second dominant ledger - a decentralised private ledger.

I do not know if in the end it will be monero - at this point of time it is not unlikely.

. Increased government regulation and focus on crypto that drives a boom in anon.

There's also the opposite. Increasing amount of tools to deduce Bitcoin's pseudo anonymity(Blockchain tracking/analysis programs). In the not too distant future, tools like that will be made public or for a price, and they will have great effects(negatively) on Bitcoin's privacy.

Gold is POS, it does not need to be mined. But a monero miner would be a nice addition for many: after all their balance is kept in moneritos, and IIRC you can CPU-mine a few moneros per month. A house costs about 10 XMR in the game, so it's a real boost to the balances

1) Become accepted in illegal(frowned upon, but pretty much necessary at the beginning) darknet markets, along with other (legal) websites i.e casinos, lotteries, which is what also happened to Bitcoin in it's beginnings.

2) Gain exposure & followers, based upon marketing the currency towards groups most likely to use it(Private institutions/companies, individuals seeking privacy, websites, etc)

3) Acceptance as a reliable, decentralized, private, way of transfering wealth.

4) Continue from there

I believe Monero could improve upon not just anonymity, but security, ways to make holding the coins on your computer relatively safe, even when faced with threats such as hacking and the like. I believe that lack of security is what stops many, many people from using cryptocurrencies(Bitcoin). If Monero could penetrate that area in terms of security, then it may even be more favorable to use than Bitcoin.

Exactly.   Look ... assume a gui will take ALL the users from bbr.  That's 500k worth of growth.  Since bbr already has a userbase and it's own market it's nieve to think the gui is worth more in growth than all of bbr.

I'm not sure there is much that can be done to the coin that will increase growth.  People who are interested in Monero as an anon crypto are bought in already.

Making the mining algo less friendly to bonnets and more friendly to everyday pc users might help if it could be integrated with real life uses for small amounts.

. I leave my computer mining at the office for a week and I can bet on poker, fantasy football, play rpettlias game, bet on winning Civ 4 tournaments, etc might grow the userbase.

The key being get more of the pie to miners who are mining to use it rather than professional miners or bonnet farmers

Otherwise it will be external factors Imo

. Pulling in the darkmarkets.

. Increased government regulation and focus on crypto that drives a boom in anon.

. Greater bit coin adoption.

I believe in the future crypto currency will be adopted due to external factors.  Monero just needs to make sure it's the defacto choice of anonymous currency and if/when this happens.  The leader in anon will be adopted.  But it is impossible to change external factors from inside the Monero ecosystem.

Rpetilia have you thought about bundling a miner into your game that mines gold straight to a user's account?

At least Crypto Kingdom is growing:

- Number of characters is 14, which is 6 days ahead of target
- 67% of gold (6.7% of total ancient gold) is already sold
- Gold price was able to be lifted back to original intention of 0.100 XMR (was initially 0.050 for a time).

I agree with you binaryFate. The last missives said there should be a new revision of the in-progress client within 1-2 weeks (from last Monday).


I'm not sure the GUI is really enough though. It will give a one-time bump in interest once it reaches a minimally usable stage, but beyond that more needs to happen to increase the size of the user base. Some of those things are external. For example, right now my feeling is that the entire cryptocurrency phenomenon is also in a similar place (in terms of user base being stagnant and not really reaching new markets at all).

At this point I think we've reached a situation where the current daily buyers are almost entirely people who are already significantly into monero.
It looks like the community is working in a closed circle.



(note that the X axis is not "0" but "-2"!)


We have the exact same number of people on the subreddit as 2 weeks ago. Of course it's only reddit, but let's be honest, other channels are not contradicting the numbers shown here.

We need something tangible. Something visible. Something to attract people outside the community.
It doesn't mean to work harder of faster, it only means when to release stuff half-publicly: for instance it doesn't mean a fully polished GUI, but just a beta-version that can send and receive. If the english or the translation is crap, or some features are not fully working, who cares as long as they are not critical in any way and the software is clearly advertised as beta? (or even alpha).
I'm sure many outcomes of the core team are at this possible "not-perfect-but-lets-release-as-beta" stage already, postponing their visibility to the larger public is, at this point, directly impacting our momentum.
We've shift from positive momentum to neutral or even slithgly negative one. I'm not talking about price here, this should be visible on many indicators I don't have access to (download of the wallet, view on the website, ...). Positive momentum is the hardest thing to get back once you lose it.

I urge the core team to release something visible to the average Joe, because at this point the only (virtual) sight of advancement are the missives, and their impact must be by now pretty much limited to the existing community.
People need something to chew on.

Contrary to June, at this point, releasing a GUI with a blockchain that takes 3GB in RAM is better than not releasing anything. In my opinion the technicities/limitabilities are not a reason to retain any of the software achievements. (now, again my opinion was different in June when the community growth was not negative).

It's still a top-15 coin on coinmarketcap (currently #14). The ranking hasn't changed much and has been in the 10-15 range for months. So it isn't surprising it would have a lot more holders (and everything else) than most altcoins since it is roughly in the top 1% of the entire universe of coins.

I find it unlikely that this price stays for a very long time.
Either the GUI wallet sets off a new uptrend or a lot of speculators tire and look for the next thing.

XMR seems to have more holders than most altcoins though. I don't have any data to back this up, but it's the general feel I have when comparint to other alt I've speculated in or follow out of interrest.

The markets are too calm, just like before a storm...

Agricultures? Regrowing resource ... like producing potatoes.

In a way, Bitcoin is "pegged" to the hashrate. You can buy 1 Terahash for somewhat 1.x BTC. Just that is, as we know now, like burning money. Will drop in value 20% every some weeks, as seen.

correction: URO is a shitcoin...
(literally backed by shit )

i consume cannabis less than negligibly, but if you price in xmr and ship to new york, i know what my partaking friends will be vgetting for christmas.

These commodity pegged coins won't work they way they are being implemented.

The CANN fad will be over as soon as some smart ass buys 10k coins and demands to redeem them for 10 kilos of ganja.

Likewise, if "someone" offered to trade XMR for Ag at 1:1, he would quickly run out of silver.

Remember the URO:urea scamcoin from a few months ago?  No?  Me neither!   

i will go online with a head & grow shop in a few months. will accept btc, but could also add xmr for teh cause 

there will be plenty of vaporizers!