[XMR] Monero Speculation - page 275.

CryptoPH

full member

Activity: 161

Merit: 100

<3 Crypto

Quote from: Febo on June 04, 2018, 11:22:50 AM

Quote from: ?? on ??

Quote from: Febo on June 04, 2018, 10:16:19 AM

Quote from: ?? on ??

Quote from: generalizethis on June 04, 2018, 09:14:07 AM

Quote from: ?? on ??

Quote from: Hueristic on June 04, 2018, 07:40:01 AM

I don't think you understand that centralizing network hash with ASICs is detrimental to network security.

I don't think you understanding anything about cryptocurrencies.

Have you heard about Bitcoin? It's the most secure crypto network, courtesy of ASICs.

It's scary that a decision so important was taken following a Reddit mob, or a secret committee of devs, with such a poor understanding of the matter.

Mining centralization hasn't made Bitcoin the most secure network, it's made it an easy target for China if they decide they want to disrupt the network--looking at hashing power in a vacuum is a pointless exercise as there are numerous factors that go into how secure a network is.

Also, the person you are addressing has forgotten more about cryptocurrencies than you know, or likely will ever know.

I agreed, he has probably forgotten a lot more than I could.

I am happy to learn that Bitcoin isn't the most secure network because you say so. You are an invaluable source of knowledge.

Bitcoin developers would make Bitcoin ASIC resistant if they could. But they cant since Bitcoin dont fork every half year to make needed upgrades. Sooner or latter Monero will not be ASIC resistant anymore. Lets hope that will not be so soon and lets hope ASIC market will mature until then.

The fact that Bitcoin devs cannot fork Bitcoin to change a core feature on a whim is one reason why Monero will never compete against Bitcoin on the monetary use case.

The fact that the devs can change the POW on Monero is a fucking disgrace and strongly diminish its long term expected value. I look forward to see their next unilateral change of a core protocol feature.

No the fact that this is possible is because Monero had forks every 6 months and until that will go on will be possible. Why that is possible, because Monero developers are not afraid of anyone to keep old fork alive as many other coins developers are.

BldSwtTrs if you like ASIC mined Monero you have it. It dont have few important upgrades but there it is. Support it and make it grow and donate or hire their developers to develop it further or at least copy/paste new Monero code there. You can do it. But all this is sort of offcopic here then. Dont say something is disgrace, just do it better and show the way with example.

BitcoinCash was created with disagreement on core features...
Shall I look forward on MoneroCash? Cool

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: airdrophunter on June 04, 2018, 06:13:56 PM

Since i joined in this forum, it was only then that i know about some of alternate coins that is flying in colors and Monero is one of them. It almost reached 500$ mark before it went down. I speculate that when bitcoin will have an ATH this year, Monero will also have a new price high too.

Only if we will have new BTC ATH this year

It seems we are finally at Ledger support. Lithium Luna 0.12.2 for CLI is finally here: https://github.com/monero-project/monero/releases/tag/v0.12.2.0 I am not sure, but I guess we will soon see some Ledger announcements now, or maybe I have no ideas Roll Eyes

airdrophunter

full member

Activity: 434

Merit: 100

The Exchange for EOS Community

Since i joined in this forum, it was only then that i know about some of alternate coins that is flying in colors and Monero is one of them. It almost reached 500$ mark before it went down. I speculate that when bitcoin will have an ATH this year, Monero will also have a new price high too.

ozkraut

sr. member

Activity: 522

Merit: 266

Quote from: ?? on ??

Quote from: Febo on June 04, 2018, 10:16:19 AM

Quote from: ?? on ??

Quote from: generalizethis on June 04, 2018, 09:14:07 AM

Quote from: ?? on ??

Quote from: Hueristic on June 04, 2018, 07:40:01 AM

I don't think you understand that centralizing network hash with ASICs is detrimental to network security.

I don't think you understanding anything about cryptocurrencies.

Have you heard about Bitcoin? It's the most secure crypto network, courtesy of ASICs.

It's scary that a decision so important was taken following a Reddit mob, or a secret committee of devs, with such a poor understanding of the matter.

Mining centralization hasn't made Bitcoin the most secure network, it's made it an easy target for China if they decide they want to disrupt the network--looking at hashing power in a vacuum is a pointless exercise as there are numerous factors that go into how secure a network is.

Also, the person you are addressing has forgotten more about cryptocurrencies than you know, or likely will ever know.

I agreed, he has probably forgotten a lot more than I could.

I am happy to learn that Bitcoin isn't the most secure network because you say so. You are an invaluable source of knowledge.

Bitcoin developers would make Bitcoin ASIC resistant if they could. But they cant since Bitcoin dont fork every half year to make needed upgrades. Sooner or latter Monero will not be ASIC resistant anymore. Lets hope that will not be so soon and lets hope ASIC market will mature until then.

The fact that Bitcoin devs cannot fork Bitcoin to change a core feature on a whim is one reason why Monero will never compete against Bitcoin on the monetary use case.

The fact that the devs can change the POW on Monero is a fucking disgrace and strongly diminish its long term expected value. I look forward to see their next unilateral change of a core protocol feature.

Did you buy one by any chance? Seem a bit sore there. Hueristic's comments are spot on. Its not just about hash. Its about distributed hash. So the overall hash needs to be weighted by the participants in the network. Look what the 51%ers have done to a number of coins lately. Being dynamic on your algo moves from the MAD doctrine to the SAD one. These being 'mutually assured destruction' to 'singularly assured destruction'. ASICS would be fine if they were a commodity and all miners would easily have access. Maybe one day but until then....

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

Quote from: cAPSLOCK on May 31, 2018, 02:42:57 PM

Quote from: Globb0 on May 31, 2018, 09:35:32 AM

So what are people implying here?

That's ASIC owners were also the coin pumpers and manipulators?

Some points:

- Hashrate was DOMINATED by "unknown" players last year and up to the HF.
- This was often attributed to botnets.
- 2 manufacturers produced CN ASICS around the time of this increase
- The moment the hashing alg was changed >60% hashrate disappeared.
- Three versions of the old chain were created (XMC, XMO, XMsomethingelse)
- Much of the displaced hashrate seemed to go to these chains.

It has been suggested that tBitmain created the ASICS, burned them in for a while (what? 6 months? lol) And thten put them on the market.

It has been suggested that Bitmain (or some other ASIC manufacturer) created one or more of the "classic" chains to continue to be mined by ASICS.

It seems Zooko met with Jihan Wu and determined by feels that Jihan had nothing to do with the extra hashrate or the forks.

Butterfly Labs

Wonderful story, one of the first of its kind with a few others around then

Asic hardware and hardware mining companies need full transparency to determine legitmacy, unlike what you would expect in the gold market

Explains how it all works.
https://www.theverge.com/2014/9/23/6833047/bitcoin-conspiracy-theorists-vindicated-as-ftc-shuts-down-butterfly-labs

How to play the market

just play the scam (in other words all markets have a collective that can dump at any time - fiat, stocks, gold, crypto)
follow the whales, buy the dip

its a buy the dip scheme

https://www.youtube.com/watch?v=0akBdQa55b4

SolarStorm

member

Activity: 81

Merit: 10

Quote from: rinus on June 04, 2018, 10:10:49 AM

Maybe a stupid question, but did we see crypto at its best already? It went mainstream and now that everybody heard about it, its like people have less interest in it. So could we say that it peaked already and that it’s foolish to wait and hold until we see 500 again?

Crypto is by far not mainstream yet. In comparison we are in the era that the steam engine was invented, and while everyone in the village had heard about one because gossip travels fast, nobody ever had seen one let alone used one. The interest will faint away until someone actually enters the village with a steam powered engine.

The time that more than just a handful of people are going to realize that this steam powered noisy thing is more than just a rumor and they see how useful it actually is, is still before us. I believe the 'facebook moment' of crypto will come once people can earn crypto in mobile phone games.

Shnikes101

full member

Activity: 254

Merit: 109

0.12.2.0 tagged for release. https://github.com/monero-project/monero/releases/tag/v0.12.2.0

The reddit fam are thinking with this release a more official announcement of ledger support will occur.
May add a little today on the pure hope that ledger support isn't fully priced in. Assuming that affects price at all.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Send me your useless Monero if you like. Now you realise how worthless it is.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: ?? on ??

Quote from: Febo on June 04, 2018, 10:16:19 AM

Quote from: ?? on ??

Quote from: generalizethis on June 04, 2018, 09:14:07 AM

Quote from: ?? on ??

Quote from: Hueristic on June 04, 2018, 07:40:01 AM

I don't think you understand that centralizing network hash with ASICs is detrimental to network security.

I don't think you understanding anything about cryptocurrencies.

Have you heard about Bitcoin? It's the most secure crypto network, courtesy of ASICs.

It's scary that a decision so important was taken following a Reddit mob, or a secret committee of devs, with such a poor understanding of the matter.

Mining centralization hasn't made Bitcoin the most secure network, it's made it an easy target for China if they decide they want to disrupt the network--looking at hashing power in a vacuum is a pointless exercise as there are numerous factors that go into how secure a network is.

Also, the person you are addressing has forgotten more about cryptocurrencies than you know, or likely will ever know.

I agreed, he has probably forgotten a lot more than I could.

I am happy to learn that Bitcoin isn't the most secure network because you say so. You are an invaluable source of knowledge.

Bitcoin developers would make Bitcoin ASIC resistant if they could. But they cant since Bitcoin dont fork every half year to make needed upgrades. Sooner or latter Monero will not be ASIC resistant anymore. Lets hope that will not be so soon and lets hope ASIC market will mature until then.

The fact that Bitcoin devs cannot fork Bitcoin to change a core feature on a whim is one reason why Monero will never compete against Bitcoin on the monetary use case.

The fact that the devs can change the POW on Monero is a fucking disgrace and strongly diminish its long term expected value. I look forward to see their next unilateral change of a core protocol feature.

No the fact that this is possible is because Monero had forks every 6 months and until that will go on will be possible. Why that is possible, because Monero developers are not afraid of anyone to keep old fork alive as many other coins developers are.

BldSwtTrs if you like ASIC mined Monero you have it. It dont have few important upgrades but there it is. Support it and make it grow and donate or hire their developers to develop it further or at least copy/paste new Monero code there. You can do it. But all this is sort of offcopic here then. Dont say something is disgrace, just do it better and show the way with example.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: ?? on ??

Quote from: generalizethis on June 04, 2018, 09:14:07 AM

Quote from: ?? on ??

Quote from: Hueristic on June 04, 2018, 07:40:01 AM

I don't think you understand that centralizing network hash with ASICs is detrimental to network security.

I don't think you understanding anything about cryptocurrencies.

Have you heard about Bitcoin? It's the most secure crypto network, courtesy of ASICs.

It's scary that a decision so important was taken following a Reddit mob, or a secret committee of devs, with such a poor understanding of the matter.

Mining centralization hasn't made Bitcoin the most secure network, it's made it an easy target for China if they decide they want to disrupt the network--looking at hashing power in a vacuum is a pointless exercise as there are numerous factors that go into how secure a network is.

Also, the person you are addressing has forgotten more about cryptocurrencies than you know, or likely will ever know.

I agreed, he has probably forgotten a lot more than I could.

I am happy to learn that Bitcoin isn't the most secure network because you say so. You are an invaluable source of knowledge.

Bitcoin developers would make Bitcoin ASIC resistant if they could. But they cant since Bitcoin dont fork every half year to make needed upgrades. Sooner or latter Monero will not be ASIC resistant anymore. Lets hope that will not be so soon and lets hope ASIC market will mature until then.

Quote from: rinus on June 04, 2018, 10:10:49 AM

Maybe a stupid question, but did we see crypto at its best already? It went mainstream and now that everybody heard about it, its like people have less interest in it. So could we say that it peaked already and that it’s foolish to wait and hold until we see 500 again?

No

rinus

sr. member

Activity: 362

Merit: 258

Maybe a stupid question, but did we see crypto at its best already? It went mainstream and now that everybody heard about it, its like people have less interest in it. So could we say that it peaked already and that it’s foolish to wait and hold until we see 500 again?

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: ?? on ??

Quote from: Hueristic on June 04, 2018, 07:40:01 AM

I don't think you understand that centralizing network hash with ASICs is detrimental to network security.

I don't think you understanding anything about cryptocurrencies.

Have you heard about Bitcoin? It's the most secure crypto network, courtesy of ASICs.

It's scary that a decision so important was taken following a Reddit mob, or a secret committee of devs, with such a poor understanding of the matter.

Mining centralization hasn't made Bitcoin the most secure network, it's made it an easy target for China if they decide they want to disrupt the network--looking at hashing power in a vacuum is a pointless exercise as there are numerous factors that go into how secure a network is.

Also, the person you are addressing has forgotten more about cryptocurrencies than you know, or likely will ever know.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

^ And whenever profitability is high, obv the miners follow anyway. So I guess enjoy it while it lasts (not to mention Bitmain figuring out how to build ASIC's for the new mining algo all over again).

Anyway, what other CryptoNote based cryptos upgraded to CryptoNight V7?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: NeuroticFish on June 04, 2018, 02:38:22 AM

Quote from: crishjovi on June 04, 2018, 12:41:58 AM

Any way we can change the best case scenario from "stellar" to "supernova" or something else that doesn't share its name with another cryptocurrency? I keep doubling over and laughing in the middle of reading comments!

First of all, I don't know how to qualify this post. I did some research and I've found that word used in the way you say only in 2016 and I think that you expect too much if you think that people will change their way of talking (especially such old posts) just because they make you laugh.

Second, the usual word for that is "moon". And no matter, really, since in a couple of years all the words we could use would already be taken by some - good or bad - coin. And what then, people will have to change all the posts and use no words, since they are coin names?

So.. yeah, great idea, keep it up!

It's a fucking Sig spammer.

Quote from: ?? on ??

Quote from: MinersRus on May 31, 2018, 10:58:57 PM

Quote from: ?? on ??

Who are the genius who decided to fork the POW algo?

I applaud said genius (which was the community by the way) because when they forked the ASIC's to the curb the profitability went from a paltry $0.56 per kHs to the current $1.18 kH/s. Even with the depressed price it is still double the profitability.

https://bitinfocharts.com/comparison/monero-mining_profitability.html#3m

https://bitinfocharts.com/monero

Why do you think it's a good thing when mining profitability is high?

Don't you think network security is a more important metric?

I don't think you understand that centralizing network hash with ASICs is detrimental to network security.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

^ I think I'm the only guy who uses the term 'super nova' in these boards. It's not my term tbh, I kinda stole it from Timothy Sykes, the penny stock trader. Lol.

But as far as when that happens for XMR, when everbody starts realizing that fungibility is a thing and off chain stuff like Tari is a 'better Ethereum', I say hold it and keep it all under wraps for now. The time to attack is not now imo.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: crishjovi on June 04, 2018, 12:41:58 AM

Any way we can change the best case scenario from "stellar" to "supernova" or something else that doesn't share its name with another cryptocurrency? I keep doubling over and laughing in the middle of reading comments!

First of all, I don't know how to qualify this post. I did some research and I've found that word used in the way you say only in 2016 and I think that you expect too much if you think that people will change their way of talking (especially such old posts) just because they make you laugh.

Second, the usual word for that is "moon". And no matter, really, since in a couple of years all the words we could use would already be taken by some - good or bad - coin. And what then, people will have to change all the posts and use no words, since they are coin names?

So.. yeah, great idea, keep it up!

crishjovi

newbie

Activity: 149

Merit: 0

Any way we can change the best case scenario from "stellar" to "supernova" or something else that doesn't share its name with another cryptocurrency? I keep doubling over and laughing in the middle of reading comments!

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Febo on June 02, 2018, 02:19:52 PM

Quote from: Hueristic on June 02, 2018, 01:34:29 PM

Just a heads up Guys, it's time to buy.

In a week or two Monero will sort of have 3rd halving. It will happen when average coinbase will get under 4.4 XMR. That is one halving more then Bitcoin. Next halving will be at the end of next year. That will give us daily only 1582 freshly mined XMR. That does sound scarce.

Yeah, just in history halving didn't necessarily affected the price. At least not in the first some days after halving. Instead, the price followed its own path, rising and falling now and then.
Do you believe that Monero will behave different?

casty3000

full member

Activity: 532

Merit: 100

I think the price of Monero will increase steadily. Hidden payments are becoming more and more necessary day by day. Bribery, smuggling, war, secret aids, these will always exist in the world. So monero is the best tool

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: Hueristic on June 02, 2018, 01:34:29 PM

Just a heads up Guys, it's time to buy.

In a week or two Monero will sort of have 3rd halving. It will happen when average coinbase will get under 4.4 XMR. That is one halving more then Bitcoin. Next halving will be at the end of next year. That will give us daily only 1582 freshly mined XMR. That does sound scarce.

Topic: [XMR] Monero Speculation - page 275. (Read 3314316 times)