Topic: [XMR] Monero Speculation - page 2190. (Read 3313576 times)

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.

Nekomata did someone hijack your account?

oda.krell is one of the very few good posters in the btc speculation thread.

I didn't go back and read Wachtwoord's posts but I do remember them as being unreasonable criticisms especially considering the answers he was given.  It was as if he was defending btc which I assume is all he is invested in.  I find it strange if indeed he felt the need to defend btc.

All altcoin exchange require are an email... no need to put your normal mail there and thats not an issue at all anyway, i also get cash from the ATM with my atm card registered on my name but can still spend the cash where i want.
I think you simply don´t understand the reason why an online currency should be like cash.

Not sure what u mean you can´t mine it in secret, the pool doesn´t see where the coins go to anyway and no one stops you to mine it through tor or whatever proxy...

Poloniex was the first big exchange to list monero there. Actually it was third because cryptonotexchange was created for that purpose and traded only XMR and BCN and swaphole (a tiny exchange and with very bad name) listed it a few days before. Thats why. Volume was big and continues to be big. Poloniex tweeted that monero volume helped them pay back some bitcoins that had been stolen from them some months ago...

 

Thanks for the kind words.

In the case of the quote I posted, note that user Wachtwoord is an extremely valuable member of the BTC community. His style of posting was abrasive, sure, but he asked absolutely valid questions imo. Deleting such contributions would be a major mistake, and would make sure I personally wouldn't want to post in the thread anymore - chilling effect, and such.

EDIT: I should perhaps clarify, I picked the "anonymous or not" quote not because I wanted to start that particular discussion again, but because I wanted to use it to discuss (through an example) what is legitimate criticism in this thread, and what is trolling/FUD.