Topic: [XMR] Monero Speculation - page 2175. (Read 3313576 times)

Comparing Monero and Zerocoin, here is a post I made in the Anoncoin thread.

I seriously doubt anyone in the black market cares about being able to prove a transaction took place, in fact I think they would rather the opposite. You and I know the importance of financial privacy and the bad things that can happen by practicing bad financial privacy methods, but most people are oblivious to this. The sheeple of this world that are still using FIAT, and even a lot of Bitcoin users, are oblivious to the importance of financial privacy. Therefore, it narrows the population of possible Monero adopters to the small group of people that understand the value of financial privacy and the black market. The black market is a much bigger and valuable subgroup, and more people within it will be adopting an anonymous cryptocurrency rather than the general public.

I also think it's silly to think that Monero will be used in a large way by "legit companies/institutions." That space is reserved to Bitcoin for the time being. For that to change, Monero would have to achieve greater liquidity and popularity than Bitcoin. I just don't see that happening... ever... because Monero doesn't provide enough of a benefit over Bitcoin for everyone to switch over.

The same goes with Zerocoin, Anoncoin, or Darkcoin. Anonymous cryptocurrencys will not overtake Bitcoin for the simple fact they are more anonymous, it will take much more than that. I think it is possible that another cryptocurrency eventually surpasses Bitcoin, but Monero is not that cryptocurrency. Simply making transactions more anonymous is not a big enough innovation to overcome the infrastructure and network effect of a crypto currency like Bitcoin. It will require better anonymity couple with many other features and/or improvements to do this.

I am also wondering if the use of zero knowledge proofs can considerably slow down transaction times and/or confirmations due to the heavier computational power required, as compared to Monero's ring signatures.

Ok, as an example let's consider ring signatures. A solution that provides cryptographically guaranteed anonymity without the risk of keys that can create unlimited coins. Who in their right mind would prefer Zerocoin/Zerocash? Let's use a gas tank in a car as an analogy. Would you prefer a gas tank that has a hole, which has a metal plate welded over it, or one without any hole to begin with? The metal plate should theoretically prevent leaks, but who would choose it over a tank with no hole to begin with?

One big problem with Zerocoin was the massive bloat, as I recall.  It makes ring signatures look like an anorexic supermodel in contrast.

I don't know othe's source, but he's pretty plugged into the mining scene (I'm not) so he may well be right.

However, it is quite obvious from analyzing readily available public information that a very, very large portion of the hash rate is GPU mining. If you don't see that you can't claim to be doing credible research. To his credit CoinHoarder has retracted his botnet claim, for which he admittedly had zero evidence anyway.

You always need to check whether option pricing is attractive when buying or selling options.

It's not odd its a massive PR campaign of paid accounts. In fact I was asked by PM several times if Id like to post pro-Monero stance all day long for good cash.  I was the wrong guy to ask that cuz im rich and wont support junk.

~CfA~

I think Zerocoin is better at this point in time seeing as though it can be implemented without having to trust a third party.

It is a p2p transaction, not on an exchange, and one has to believe not only that XMR will go down, but that your option pricing is attractive. I'm not discouraging it, but I still find it somewhat cumbersome.

If you want to buy futures that would at least take some of the complication out of it, although still a more cumbersome p2p type deal.

Not necessarily. If you can bear to buy the PUT option from me, then there is very good leverage when the price goes down.

The delta can be about 300% and the maximum leverage more than 1000%.

shorting is cumbersome

It´s pretty obvious that you don´t get it. Some people prefer to use something that actually exists.

Ringsignatures provide good privacy without moonmath, read gmaxwells posts maybe (nullc): https://news.ycombinator.com/item?id=7765455
Or Andytoshis post on stackexchange: http://bitcoin.stackexchange.com/questions/29471/is-there-any-true-anonymous-cryptocurrencies


Care to proof that mainly botnets mine Monero? Most hash seems to be from Claymores GPU miner.

Am I not speculating about Monero here as well? I just have a different opinion than most of you guys I guess. Please explain it to me why I you guys are right and I am wrong. It's just odd that everyone seems so bullish on Monero and there is not one person here voicing bearish concerns...

No, you are here wondering why everyone is talking about Monero in a Monero thread, we don't care about Zero/whatever and its not because we are talking it down but because we just don't care about it or we would be on the Zero/whatever Speculation thread.

It's not odd its a massive PR campaign of paid accounts. In fact I was asked by PM several times if Id like to post pro-Monero stance all day long for good cash.
~CfA~

Just read the thread name...

Cryptonite coins using the Cryptonite algo(Monero) can be mined by Both GPU's and very high end  CPU's..

The average CPU will get hardly any xmr per day since the difficulty is so high, not sure what point youre trying to make coinhoarder.

Care to proof that mainly botnets mine Monero? Most hash seems to be from Claymores GPU miner.