[XMR] Monero Speculation - page 239.

ozkraut

sr. member

Activity: 522

Merit: 266

Quote from: Dotto on August 24, 2018, 02:35:43 PM

Im 6 to 9 months out of the crypto loop. Hadnt read a single new.

I have a brand new ledger nano to move all the moneros in. If someone can tell me where is the more updated guide would be helpful.

It is safe to move all my moneros there?

This should get you started:

https://old.reddit.com/r/Monero/comments/925q5m/gui_v01230_with_direct_ledger_support_released/

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

Im 6 to 9 months out of the crypto loop. Hadnt read a single new.

I have a brand new ledger nano to move all the moneros in. If someone can tell me where is the more updated guide would be helpful.

It is safe to move all my moneros there?

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: PrinceKael on August 23, 2018, 12:18:23 PM

Apparently Bulletproofs can reduce the average tx from 15kb to something like 1.5kb-3kb which is still slightly larger than Bitcoin's 0.5kb but definitely a significant improvement. Would something like RuffCT/StringCT reduce that even more?

As currently envisioned that would increase the ring size (so better privacy) without increasing the TX size but wouldn't significantly reduce the tx size. There might be other methods/improvments developed in the future, who knows.

Quote

I'm also curious if we would be able to prune the blockchain in the future, like Aeon or Boolberry do - although Monero can't use the same method IIRC.

Some pruning (about 80% IIRC) is already partially implemented and will be rolled out when it is ready.

spirali

member

Activity: 65

Merit: 61

Quote from: 7jaka7 on August 23, 2018, 03:22:42 PM

I was thinking of total supply in the other reason I mentioned:

Quote from: 7jaka7 on August 23, 2018, 08:34:53 AM

- smaller supply (is there any estimations when XMR will over come BTC's supply?)

But thanks for all the info. Also interesting link, thanks!

Oh I see... I knew I read that and I knew I could find the answer (because I asked myself the same question in the past) but I quoted another sentence when I replied and I started from there Roll Eyes

Hueristic

legendary

Activity: 3836

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Doomed to see the future and unable to prevent it

Quote from: 7jaka7 on August 23, 2018, 03:22:42 PM

Quote

After the new rules, however, this figure will be slashed to as much as around 2.5kB in size for all single-output bulletproofs.

This is still a lot bigger then BTC transaction on average, which is around 0.4kB.

7jaka7

sr. member

Activity: 628

Merit: 276

BTC, ETH, XMR, LTC

Quote from: spirali on August 23, 2018, 10:26:09 AM

Quote from: 7jaka7 on August 23, 2018, 08:34:53 AM

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:

~snip

Also, note the supply rate will be similar from 2019 to 2027. You can read this very interesting reddit post to get more info: https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/

I was thinking of total supply in the other reason I mentioned:

Quote from: 7jaka7 on August 23, 2018, 08:34:53 AM

- smaller supply (is there any estimations when XMR will over come BTC's supply?)

But thanks for all the info. Also interesting link, thanks!

Quote from: Hueristic on August 23, 2018, 11:51:38 AM

Quote from: Samarkand on August 23, 2018, 10:34:05 AM

Quote from: spirali on August 23, 2018, 10:26:09 AM

Quote from: 7jaka7 on August 23, 2018, 08:34:53 AM

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

~snip

https://www.ccn.com/privacy-coin-monero-successfully-completes-first-bulletproofs-audit/
https://bitcoincryptocurrency.com/monero-xmr-bulletproofs/

Quote

Just to conclude, there’s no doubt Bulletproofs represents a vital advancement in Monero transactions. The 80% savings, faster verification times and reduced fees is a huge plus. If you are part of those waiting for it, be happy and keep checking!

I saw this yes. This could actually be a big improvement.

Quote

After the new rules, however, this figure will be slashed to as much as around 2.5kB in size for all single-output bulletproofs.

This is still a lot bigger then BTC transaction on average, which is around 0.4kB.

Jason.W

jr. member

Activity: 50

Merit: 5

OK the math is in fellas:

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: aminorex on August 23, 2018, 07:27:09 AM

Quote from: rinus on August 14, 2018, 10:36:49 AM

1000 usd xmr looks so far away. Hopefully we get there eventually

Multiply hash rate times transaction volume and divide by emission. Extrapolate linearly.

You are back in the house, so that takes me to a new ATH in a month or less Grin

PrinceKael

jr. member

Activity: 30

Merit: 7

Apparently Bulletproofs can reduce the average tx from 15kb to something like 1.5kb-3kb which is still slightly larger than Bitcoin's 0.5kb but definitely a significant improvement. Would something like RuffCT/StringCT reduce that even more? I'm also curious if we would be able to prune the blockchain in the future, like Aeon or Boolberry do - although Monero can't use the same method IIRC.

Monero also stores UTXO on-disk with denormalised database indices/LMDB rather than on-memory like Bitcoin, so although their blockchain isn't growing as fast as Monero currently, they will still suffer from a growing UTXO set in time, although hard drive storage is getting cheaper every year and there's always room for more optimisations and off-chain scaling solutions.

I'm not an expert though, so I'd love if someone could chime in and correct me if I'm wrong.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Samarkand on August 23, 2018, 10:34:05 AM

Quote from: spirali on August 23, 2018, 10:26:09 AM

Quote from: 7jaka7 on August 23, 2018, 08:34:53 AM

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:
...

I think you two guys are talking about two different things.

7jaka7 is talking about the size of the blockchain (= the amount of disk space that you need
if you want to download and verify the Bitcoin / Monero blockchain).
You are talking about the total supply of BTC / XMR.

Monero´s blockchain is indeed growing faster than the BTC blockchain
if we measure the growth of the blockchain size as a percentage.

BTC blockchain growth:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

Monero blockchain growth:
https://moneroblocks.info/stats

https://www.ccn.com/privacy-coin-monero-successfully-completes-first-bulletproofs-audit/
https://bitcoincryptocurrency.com/monero-xmr-bulletproofs/

Quote

Just to conclude, there’s no doubt Bulletproofs represents a vital advancement in Monero transactions. The 80% savings, faster verification times and reduced fees is a huge plus. If you are part of those waiting for it, be happy and keep checking!

spirali

member

Activity: 65

Merit: 61

Quote from: Samarkand on August 23, 2018, 10:34:05 AM

Quote from: spirali on August 23, 2018, 10:26:09 AM

Quote from: 7jaka7 on August 23, 2018, 08:34:53 AM

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:
...

I think you two guys are talking about two different things.

7jaka7 is talking about the size of the blockchain (= the amount of disk space that you need
if you want to download and verify the Bitcoin / Monero blockchain).
You are talking about the total supply of BTC / XMR.

Monero´s blockchain is indeed growing faster than the BTC blockchain
if we measure the growth of the blockchain size as a percentage.

BTC blockchain growth:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

Monero blockchain growth:
https://moneroblocks.info/stats

It's what I understood initially but I couldn't see the correlation between the price and the blockchain size. Of course, keeping a smaller blockchain makes it easier to spread more nodes (=> more decentralization) but an XMR transaction weights more than a BTC transaction (explaining why the size of Monero's blockchain is indeed growing faster even with much fewer transactions).

@7jaka7, could you explain why you think the size of blockchain has an influence on the price?

Samarkand

sr. member

Activity: 658

Merit: 282

Quote from: spirali on August 23, 2018, 10:26:09 AM

Quote from: 7jaka7 on August 23, 2018, 08:34:53 AM

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:
...

I think you two guys are talking about two different things.

7jaka7 is talking about the size of the blockchain (= the amount of disk space that you need
if you want to download and verify the Bitcoin / Monero blockchain).
You are talking about the total supply of BTC / XMR.

Monero´s blockchain is indeed growing faster than the BTC blockchain
if we measure the growth of the blockchain size as a percentage.

BTC blockchain growth:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

Monero blockchain growth:
https://moneroblocks.info/stats

spirali

member

Activity: 65

Merit: 61

Quote from: 7jaka7 on August 23, 2018, 08:34:53 AM

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:

Also, note the supply rate will be similar from 2019 to 2027. You can read this very interesting reddit post to get more info: https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/

JohnSmithGe

newbie

Activity: 50

Merit: 0

Monero more or less premine [Suspicious link removed]d luck guys

7jaka7

sr. member

Activity: 628

Merit: 276

BTC, ETH, XMR, LTC

Quote from: rinus on August 22, 2018, 11:10:40 AM

WOW , 10K monero... isnt that a bit to optimistic? what would lead to such a massive price

I think that this is not to optimistic for following reasons:
- we saw that height like this are possible on BTC
- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)
- privacy focused
- good (IMO better then BTC's) community
- smaller supply (is there any estimations when XMR will over come BTC's supply?)
- IMO better HODLers then BTC's (we will see about this in next bull run)
- if you consider privacy I think XMR's utillity value is bigger then BTC's
- cool logo Tongue

Would love to be corrected on this reasons!
But of course no one can predict the future. Don't put to much in crypto as one bug/vulnerability can send price to 0.

rinus

sr. member

Activity: 362

Merit: 258

Quote from: aminorex on August 23, 2018, 07:27:09 AM

Quote from: rinus on August 14, 2018, 10:36:49 AM

1000 usd xmr looks so far away. Hopefully we get there eventually

Multiply hash rate times transaction volume and divide by emission. Extrapolate linearly.

When fear is at max, the legend is back Cheesy

. Welcome back aminorex

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: rinus on August 14, 2018, 10:36:49 AM

1000 usd xmr looks so far away. Hopefully we get there eventually

Multiply hash rate times transaction volume and divide by emission. Extrapolate linearly.

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: smooth on August 23, 2018, 05:40:54 AM

Quote from: elrippos friend on August 23, 2018, 05:29:16 AM

Quote from: smooth on August 23, 2018, 05:14:12 AM

Quote from: rinus on August 21, 2018, 11:28:52 AM

guys, i need some advice. i went full in on xmr with fiat in the early days. Should i diversify my xmr in some bitcoin? it does not look a good time to do that cause the xmr/btc ratio keeps dropping... but it looks that btc is falling a bit less hard in fiat value then xmr. Its just hard to believe at this moment we will see a new ATH in monero again in USD...

Is this significant money to your life and/or quality of life?

If so I would suggest that you take some off the table and stash it in something a lot less volatile. Whatever you want to do there is up to you. Could be fiat, gold, quality (not speculative) land, really anything.

Yeah, you should have done this eight months ago, but since you did not, don't compound the mistake by refusing to do it now.

This does not mean dumping all your XMR, cryptos, etc. It means exactly what I said. Take some off the table and reduce risk so that you are still in decent shape in case crypto does not work out, or even eventually works out but remains in a painful bear market for far longer than anyone expects or is prepared for.

If this is is not significant money to your life then just carry on with the speculation as you see fit.

My 2c.

Nice advice, beeing careful and mature, still i would wait for the mid of september, historically this is a month with serious gains Grin

Remember, remember the pump in September

Yeeeaaaahhhh, i think we will at least see the 0,05's in the remember season Kiss

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: elrippos friend on August 23, 2018, 05:29:16 AM

Quote from: smooth on August 23, 2018, 05:14:12 AM

Quote from: rinus on August 21, 2018, 11:28:52 AM

guys, i need some advice. i went full in on xmr with fiat in the early days. Should i diversify my xmr in some bitcoin? it does not look a good time to do that cause the xmr/btc ratio keeps dropping... but it looks that btc is falling a bit less hard in fiat value then xmr. Its just hard to believe at this moment we will see a new ATH in monero again in USD...

Is this significant money to your life and/or quality of life?

If so I would suggest that you take some off the table and stash it in something a lot less volatile. Whatever you want to do there is up to you. Could be fiat, gold, quality (not speculative) land, really anything.

Yeah, you should have done this eight months ago, but since you did not, don't compound the mistake by refusing to do it now.

This does not mean dumping all your XMR, cryptos, etc. It means exactly what I said. Take some off the table and reduce risk so that you are still in decent shape in case crypto does not work out, or even eventually works out but remains in a painful bear market for far longer than anyone expects or is prepared for.

If this is is not significant money to your life then just carry on with the speculation as you see fit.

My 2c.

Nice advice, beeing careful and mature, still i would wait for the mid of september, historically this is a month with serious gains Grin

Remember, remember the pump in September

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: smooth on August 23, 2018, 05:14:12 AM

Quote from: rinus on August 21, 2018, 11:28:52 AM

guys, i need some advice. i went full in on xmr with fiat in the early days. Should i diversify my xmr in some bitcoin? it does not look a good time to do that cause the xmr/btc ratio keeps dropping... but it looks that btc is falling a bit less hard in fiat value then xmr. Its just hard to believe at this moment we will see a new ATH in monero again in USD...

Is this significant money to your life and/or quality of life?

If so I would suggest that you take some off the table and stash it in something a lot less volatile. Whatever you want to do there is up to you. Could be fiat, gold, quality (not speculative) land, really anything.

Yeah, you should have done this eight months ago, but since you did not, don't compound the mistake by refusing to do it now.

This does not mean dumping all your XMR, cryptos, etc. It means exactly what I said. Take some off the table and reduce risk so that you are still in decent shape in case crypto does not work out, or even eventually works out but remains in a painful bear market for far longer than anyone expects or is prepared for.

If this is is not significant money to your life then just carry on with the speculation as you see fit.

My 2c.

Nice advice, beeing careful and mature, still i would wait for the mid of september, historically this is a month with serious gains Grin

Topic: [XMR] Monero Speculation - page 239. (Read 3313084 times)