[XMR] Monero Speculation - page 290.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: spirali on May 06, 2018, 08:39:24 AM

Quote from: guesswho1234 on May 06, 2018, 07:38:17 AM

never used bisq only paradex. how does it work regarding wallets? on paradex you can use metamask but i dont think metamask supports monero or any other non erc20 tokens for that matter.

so i guess my question is about if bisq is safe to use? got quite a big stack of moneros i really dont want to risk losing

The base currency in Bisq is BTC, so there is no "home currency" acting as fuel (unlike other Decentralized EXchanges). I like this solution. When you buy BTC with XMR, the seller sends you BTC to a BTC wallet within Bisq (from which you control the private key, so it's really yours). Funds are locked in a multisig wallet until both parties confirm they received the funds. You can get more info at https://bisq.network/faq/ or make a small transaction to better understand the process.

It's not the perfect solution though as volume is low, it's slow and quite expensive. But I didn't find a good DEX for Monero. Of course, there are also Shapeshift and xmr.to which are private but still centralized.

Are you guys really trading XMR on centralized exchanges?? If not, what system are you using?

I don't really trade much anymore, I used to margin as it was fun but polo boned me one to many times and I don't trust Bitfinex and Kraken is in USD only and won't take my CC casue I'm not in the right country apparently. So all I usually do now is get BTC and buy XMR with it and try to hit the lows. I use polo until they demand KYC (I'm small potatoes) and Binance now and am looking forward to their decentralized Exchange.

spirali

member

Activity: 65

Merit: 61

Quote from: guesswho1234 on May 06, 2018, 07:38:17 AM

never used bisq only paradex. how does it work regarding wallets? on paradex you can use metamask but i dont think metamask supports monero or any other non erc20 tokens for that matter.

so i guess my question is about if bisq is safe to use? got quite a big stack of moneros i really dont want to risk losing

The base currency in Bisq is BTC, so there is no "home currency" acting as fuel (unlike other Decentralized EXchanges). I like this solution. When you buy BTC with XMR, the seller sends you BTC to a BTC wallet within Bisq (from which you control the private key, so it's really yours). Funds are locked in a multisig wallet until both parties confirm they received the funds. You can get more info at https://bisq.network/faq/ or make a small transaction to better understand the process.

It's not the perfect solution though as volume is low, it's slow and quite expensive. But I didn't find a good DEX for Monero. Of course, there are also Shapeshift and xmr.to which are private but still centralized.

Are you guys really trading XMR on centralized exchanges?? If not, what system are you using?

guesswho1234

full member

Activity: 155

Merit: 100

Quote from: Shnikes101 on May 06, 2018, 12:35:12 AM

Quote from: GingerAle on May 06, 2018, 12:08:42 AM

regarding all this "exchanges banning private coins" shit .... i just don't know what they'll do once they realize that you need privacy for fungibility.

putting the fun in fungibility.

Agreed.

I played with Bisq and crypto-bridge today. The potential of really good decentralized exchanges has completely removed this concern for me.

never used bisq only paradex. how does it work regarding wallets? on paradex you can use metamask but i dont think metamask supports monero or any other non erc20 tokens for that matter.

so i guess my question is about if bisq is safe to use? got quite a big stack of moneros i really dont want to risk losing

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: spirali on May 05, 2018, 06:05:15 AM

Quote from: elrippos friend on May 05, 2018, 05:11:52 AM

Nothing worrying for me then Grin

Also XMR/BTC is already the most popular pair on Bisq DEX... Bisq is not the perfect solution yet as a trades can take up to 24H to complete but it will improve especially when it will rely on the blockchain to confirm the buyer's payment (instead of waiting for the seller to confirm).

Speaking about DEX, which one are you using?

XMR/BTC

Shnikes101

full member

Activity: 254

Merit: 109

Quote from: GingerAle on May 06, 2018, 12:08:42 AM

regarding all this "exchanges banning private coins" shit .... i just don't know what they'll do once they realize that you need privacy for fungibility.

putting the fun in fungibility.

Agreed.

I played with Bisq and crypto-bridge today. The potential of really good decentralized exchanges has completely removed this concern for me.

GingerAle

legendary

Activity: 1260

Merit: 1008

regarding all this "exchanges banning private coins" shit .... i just don't know what they'll do once they realize that you need privacy for fungibility.

putting the fun in fungibility.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: rinus on May 05, 2018, 01:36:01 AM

Quote from: elrippos friend on May 05, 2018, 01:33:14 AM

Quote from: rinus on May 05, 2018, 12:42:08 AM

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that Roll Eyes

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

Coincheck was hacked and most likely those that hacked them used Monero to delete traces. Instead of them focus in their security, they think that if they will delist Monero their problems will go away.

What I said is far away from "Xmr being banned on more and more exchanges". That is FUD or simply ignorance.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: rinus on May 03, 2018, 01:26:00 PM

Quote from: dEBRUYNE on May 03, 2018, 01:18:42 PM

Quote from: cAPSLOCK on May 03, 2018, 10:51:09 AM

Quote from: phishead on May 03, 2018, 10:35:13 AM

Quote from: dEBRUYNE on May 03, 2018, 08:38:52 AM

Quote from: Shnikes101 on May 01, 2018, 09:30:24 AM

Quote from: Febo on May 01, 2018, 09:28:10 AM

Quote from: Hanke.io on May 01, 2018, 09:20:44 AM

where is the ledger integration? It was "very very soon" two weeks ago

It cant officially happen before there is 0.12.1 Should happen this month for sure. Probably first half.

Read somewhere reddit/twitter that 0.12.1 is one to two weeks out.
Still expecting cli only. Would be a great surprise to see gui integration but I really doubt it.

You can use Ledger with the GUI. There is, however, one caveat. That is, you can only generate the wallet with the CLI.

Why is that? Are there potential security issues with generating through the GUI, or just something else entirely?

Wallet creation in the command line requires a different argument and will interact with the existing 24 word seed in your ledger. I think that functionality will just need to be mirrored in the gui. A button for wallet creation from Ledger and such...

Correct.

When could this button be ready?

There's no specific ETA. I guess it will be ready when someone is able to work on it.

spirali

member

Activity: 65

Merit: 61

Quote from: elrippos friend on May 05, 2018, 05:11:52 AM

Nothing worrying for me then Grin

Also XMR/BTC is already the most popular pair on Bisq DEX... Bisq is not the perfect solution yet as a trades can take up to 24H to complete but it will improve especially when it will rely on the blockchain to confirm the buyer's payment (instead of waiting for the seller to confirm).

Speaking about DEX, which one are you using?

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: mnemonicsoup on May 05, 2018, 02:30:21 AM

Quote from: rinus on May 05, 2018, 01:36:01 AM

Quote from: elrippos friend on May 05, 2018, 01:33:14 AM

Quote from: rinus on May 05, 2018, 12:42:08 AM

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that Roll Eyes

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

There is no ban in Japan, just a recommendation by the FSA(Financial Services Agency) and so far no one has followed it. From your linked article:

“Unfortunately, Coincheck and Monex already delisted all three currencies a while ago. So far, they are the only companies to do so.”

So, two exchanges delisted XMR (and others) but not related to this FSA recommendation because it was before that.
So writing “XMR banned on more and more exchanges” is clearly exaggerated for dramatic effect.

Also the coincheck (and perhaps Monex) delisting is probably related to the coincheck hack (as I’ve read somewhere). Something about them bring afraid that the privacycoins could be used to obfuscate the stolen NEM. Perhaps that decision even influenced the FSA in their recommendation.

Nothing worrying for me then Grin

mnemonicsoup

full member

Activity: 200

Merit: 114

Quote from: rinus on May 05, 2018, 01:36:01 AM

Quote from: elrippos friend on May 05, 2018, 01:33:14 AM

Quote from: rinus on May 05, 2018, 12:42:08 AM

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that Roll Eyes

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

There is no ban in Japan, just a recommendation by the FSA(Financial Services Agency) and so far no one has followed it. From your linked article:

“Unfortunately, Coincheck and Monex already delisted all three currencies a while ago. So far, they are the only companies to do so.”

So, two exchanges delisted XMR (and others) but not related to this FSA recommendation because it was before that.
So, writing “XMR banned on more and more exchanges” is clearly exaggerated for dramatic effect.

Also the coincheck (and perhaps Monex) delisting is probably related to the coincheck hack (as I’ve read somewhere). Something about them being afraid that the privacycoins could be used to obfuscate the stolen NEM. Perhaps that decision even influenced the FSA in their recommendation.

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: rinus on May 05, 2018, 01:36:01 AM

Quote from: elrippos friend on May 05, 2018, 01:33:14 AM

Quote from: rinus on May 05, 2018, 12:42:08 AM

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that Roll Eyes

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

Just Japan, well that's not enough for a significant drop Grin

rinus

sr. member

Activity: 362

Merit: 258

Quote from: elrippos friend on May 05, 2018, 01:33:14 AM

Quote from: rinus on May 05, 2018, 12:42:08 AM

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that Roll Eyes

Sorry, here u go

https://www.newsbtc.com/2018/05/04/japanese-fsa-discriminating-anonymous-cryptocurrencies-shows-why-decentralized-exchanges-are-needed/

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: rinus on May 05, 2018, 12:42:08 AM

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

Links for that Roll Eyes

17men

member

Activity: 314

Merit: 19

I've seen some tweets and news about Japan will ban some "privacy" cryptocurrencies like XMR.

Do you guys think is that possible? yes, the governments may ban some exchanges but nothing else. Filled up @0.025, hope to sell @0.03
20% of profit would be nice to me Grin

rinus

sr. member

Activity: 362

Merit: 258

Xmr being banned on more and more exchanges, what do u guys think about that?
It looks like we found a bottom at 240 usd... that’s ok but it’s still x4 to 1000 like many believe
It will reach. Let’s see ...

mnemonicsoup

full member

Activity: 200

Merit: 114

Quote from: cAPSLOCK on May 04, 2018, 09:30:00 AM

Quote from: KiXiNiT on May 04, 2018, 03:15:52 AM

Brutal couple of weeks for Monero, has virtually been left behind on the run up.

Maybe now its rid of the forks it can make some moves.

Monero has a bit of a tradition of being more stable during both alt bulls and alt bears.

Until it decides to take a quantum leap.

At least this is the way things have gone for XMR in the past.

It's pretty common to feel like you are missing out on the party when you hold Monero. Monero throws it's own parties.

Still one of my favourite posts in this thread:

Quote from: darlidada on January 04, 2018, 12:47:11 PM

It's not about HW wallets or anything, XMR is being price suppressed because big players are accumulating it big time. As someone said smart money is well aware of monero and they want to keep it as much as they can for themselves until inflation is low and they can mark the price way up

Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?

Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level

This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.

RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.

KiXiNiT

member

Activity: 100

Merit: 11

Quote from: cAPSLOCK on May 04, 2018, 09:30:00 AM

Quote from: KiXiNiT on May 04, 2018, 03:15:52 AM

Brutal couple of weeks for Monero, has virtually been left behind on the run up.

Maybe now its rid of the forks it can make some moves.

Monero has a bit of a tradition of being more stable during both alt bulls and alt bears.

Until it decides to take a quantum leap.

At least this is the way things have gone for XMR in the past.

It's pretty common to feel like you are missing out on the party when you hold Monero. Monero throws it's own parties.

Yep it throws its own late and not as big parties.

Hence its steady slide down the rankings from being a top 5 coin to where it is now

birr

hero member

Activity: 870

Merit: 585

Quote from: ArticMine on May 03, 2018, 07:31:17 PM

the mitigation I quoted above

presumably refers to segregate-pre-fork-outputs.
That isn't a command, so it must be a flag or an option that one appends to the transfer command, is that right? I use cli.
So the syntax is to type a transfer command with segregate-pre-fork-outputs (no preceding hyphen) at the end of the line?

leea-1334

hero member

Activity: 2352

Merit: 953

Temporary forum vacation

Quote from: ArticMine on May 03, 2018, 07:31:17 PM

Quote from: birr on May 03, 2018, 06:24:43 PM

...
Thanks for the stackexchange link. Just started reading it, will take time to digest.
I'm getting ready to send some xmr to an exchange. In the event that I decide to claim the monerov later, are there precautions I need to take now with this transaction? My initial impression is that I can go ahead and make the transaction, and that if I need to deal with print_ring and so forth, that comes later.

The is a very important precaution that you need to take now. When you spend your XMR You need to make use of the mitigation I quoted above in order to ensure that the fake outputs used by a pre fork output are all before the fork, since only pre fork outputs can be identical on both chains.

Edit: It is also best if the XMR spends to empty the wallet, be to a wallet you control, and then from that wallet make a spend to a third party such as an exchange.

Actually, I know this is a suggestion that is always recommended, but why not just wait it out and leave the XMR in your wallet, be patient and claim your fork coins after the dust has settled on all the possible vulnerabilities and threats? I am actually not claiming the forks for Monero but I did that with Bitcoin last year and faced no issues. Maybe you lose some money after the spike, but in fact I made more selling my Bcash long after the fork when it shot up in price later on.

Topic: [XMR] Monero Speculation - page 290. (Read 3314316 times)