Topic: [XMR] Monero Speculation - page 2189. (Read 3312350 times)

I really think Lawsky trying to pass those crazy laws in NY is REALLY going to drive more people into Anonymous coins.
Once one realizes how young this entire field is, they will realize what bargains current prices are (if you can "guess" the right crypto.)
Once the Crypto space is really large, the 2nd and 3rd "place" coins will probably have a larger market cap than BTC has right now, much larger.
That is something to chew on.

IAS

Edited my post, was a bit too enthusiastic  Anyway, I hope we can break through that tough resistance at 0.004 area.

Thats not the definition of "pumping"; its simply buying.

Some one is buying monero! 3200 buy with a 10k support at 0.00377. Let's see how this plays out.

I guess it depends how you count it.

In the first link they have btc as 0.375% of the bm so monero would need to be 3x higher for 1%.

In the second link the value of arms trafficking is the same as either counterfeit watches or fake diplomas and degrees.

lol^

I imagine it will take a year or so to get that kind of traction, even bitcoin's silk road had less than 1billions worth of btc traded on it.^

We start talking to our drug dealer/prostitutes/traffickers/mafia/politicians friends about how monero can help them with their problems

According to these figures http://www.havocscope.com/products/ranking/ , it's actually even bigger. Around 1.8 trillion USD.

Indeed,but the question is how do we get Monero to take that 1%? The numbers are certainly interesting here.
I do see room for major growth, the question is when will it happen.
Nice link,ty.

Following

Unsure if this belongs in speculation, but what is the theoretical hashrate of the top supercomputers?
ie: http://en.wikipedia.org/wiki/Blue_Gene
    http://en.wikipedia.org/wiki/Titan_%28supercomputer%29
Has this been discussed before? Before price breakout, network needs to be stronger than a couple of these, correct?
 

Ok let's get some speculation going.
Black market is a $650 Billion market and if Monero take 1% of that market in the future,  price would have to be atleast 400 USD per coin.
Source: http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

Pull up a daily chart and notice the move up from August 16 to 20, the volume, was progressively increasing. (great sign)
However, since that time the move up has occurred on decreasing volume. This is not a good sign.
If I was trading I would get out on that divergence.

That said, I am and have been long Monero for a few months now.

IAS

Things are starting to turn north again

I'm expecting an exciting month  

i think the speculation thread should ideally be focused on discussion of topics related to price speculation. the privacy issues are better suited to another thread unless the relate directly to pricing.  however, there is a strong reason to restrict the main thread to announcements of general interest to the community, and there is no other general discussion thread, focused exclusively on xmr, to my knowledge, so i expect this thread to range a bit farther than the topic requires.

it is pretty easy to get xmr which is not feasibly tracable to you, presently, as long as you use an adequately encrypted vpn or mixnet.  in most cases purchases of xmr are made with btc, which is the weakest link.  someone recently bought a few kXMR from me for cash.  they did not use i.p. anonymization,  but it is not feasible to determine whether they own any xmr from observation of network traffic alone.  you would require knowledge of the cash transaction as well, and that would leave a lot of doubt, even then, depending on what tranactions were mined in the days before and after,  how closely the cash transaction corresponded to the crypto transaction, in time and value, and what mixing level was used.

used very wrongly xmr transactions are linkable to i.p.s, but it is easy to avoid.

A better analogy is comparing XBT to cash where the serial number on each bill offered for tender and those received in change is  recorded in a public database, with the additional provision that anyone can print new bills with the requirement that an equivalent amount of existing bills are destroyed.

What we mean by cash is that no one can look at the Monero blockchain and see who paid who. This transaction privacy is the main differentiator between Monero and Bitcoin.

This is not the case for bitcoin or any alts derived from the bitcoin codebase. All transactions are publicly viewable. In parallel to the cash analogy for Monero, you can think of using Bitcoin is like credit card transactions that have been recorded and can be reviewed by other people.

Thats nuts, you can buy monero on your name and still can send it around anonymously, no one can control it.
You can also mine it anonymously if u have the need todo so.

i write it once again, same as CASH.
Or if you don´t like CASH then the same as GOLD.



No its not to slow to mine; mining barely uses bandwith; i guess you never mined. all my rigs are running with 3g ethernet sticks.

No it doesn´t, all other can be traced easily.
IP doesn´t matter, its hard to trace a CN coin after it left the pool...


Of course its true, except for FIAT.

Mintpal, Cryptsy, Polo, bittrex, btc38, btce...never wanted anything for me except for USD/EUR withdraws.

Of course bigger ones like Bitstamp and Kraken etc want docs, thats why i said altcoin exchanges and not bitcoin exchanges.


I think you either don´t want to understand how XMR works or you simply don´t care, doesn´t matter what of the 2 it is but you are trashtalking a coin that you don´t even understand it seems.

Re: Mining

Your IP address is logged, and the authorities could grab that information.

Isn't Tor too slow to mine any coin?

Re: the cash analogy

The same argument applies to all the other cryptocurrencies.

Re: "All altcoin exchanges require are an email"

This is not true, many require documents, or make it so you are almost forced to leave a mobile number or whatever. Increasingly, the bigger exchanges are regulating.

Well this the first post to take an aggressive attitude, so calling for posts to be deleted could start with yours.

Re: My point

Monero, then, provides an anonymous network, yet to join that network you have to do it in public.

So there is an issue given people have been arguing the privacy issue is ever so important to them.

They don't have nearly as much privacy as some have implied.