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Topic: [XMR] Monero Speculation - page 357. (Read 3314316 times)

member
Activity: 200
Merit: 47
February 14, 2018, 11:32:18 AM
My main fear with Monero is that the government just bans exchanges from listing Monero. Sure you can use it, but there will be almost no place where you can exchange it for fiat (except meeting in a shady alley with a hooded guy bringing cash for your Moneros  Grin).

Streisand effect.

Not going to happen anyway.
hero member
Activity: 560
Merit: 501
February 14, 2018, 11:27:30 AM
My main fear with Monero is that the government just bans exchanges from listing Monero. Sure you can use it, but there will be almost no place where you can exchange it for fiat (except meeting in a shady alley with a hooded guy bringing cash for your Moneros  Grin).
legendary
Activity: 2016
Merit: 1259
February 14, 2018, 11:18:10 AM
So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.

Giving them your keys affects overall privacy, and your own past transactional privacy, if I have it right.  Just ignore it.
legendary
Activity: 3164
Merit: 1118
member
Activity: 200
Merit: 47
February 14, 2018, 08:52:52 AM
So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l

Quite literally yes.

I know people seem to be unable to grasp why I would do such a thing.

I will have a nontrivial amount of MoneroV, which I will never ever touch.
member
Activity: 108
Merit: 10
February 14, 2018, 08:23:52 AM
So you’re suggesting doing nothing with the moneroV you receive?

P.s. appreciate your opinion l
member
Activity: 200
Merit: 47
February 14, 2018, 08:21:17 AM
Is there a list of exchanges that will be accepting moneroV? Not that I agree with the project, but I would love to sell them and buy more monero  Smiley

MoneroV is a premined scam. Their claim that it has a finite supply (and all their supporters get excited about) is so fucking stupid.

In the year 2100 there will still be 8x more MoneroV than XMR.

IN 3500 (1482 years from now) there will STILL be more MoneroV. 🤦‍♂️

I despise money grabs like this.

Anyone who claims MoneroV should be fucking ashamed of themselves. End of fucking story.

Additionally, if you reuse your private keys in their shitware you are compromising your (and others) privacy by weakening ringsigs.

It's a disgusting "project", which I vehemently despise.


I'm interested to see the hash rate. Maybe it's gonna be weak enough to exploit, I sure hope so.

Anyone who claims MoneroV is essentially handing 6% of their money to their 'development' gang.
member
Activity: 108
Merit: 10
February 14, 2018, 08:17:29 AM
Is there a list of exchanges that will be accepting moneroV? Not that I agree with the project, but I would love to sell them and buy more monero  Smiley
member
Activity: 200
Merit: 47
February 14, 2018, 07:59:16 AM

This is an interesting narrative.  And one I have not proven myself.  I have heard it is more true on asian dark net servers.  But I would think the latest addition of Monero at Dream (I think?) would fly in the face of this a little.  Dark net vendors are getting more savvy little by little.


Don't know about you lot but I like to keep tabs on sentiment on DNM forums in relation to crypto of choice.

I can tell you Monero is lightyears ahead in terms of mindshare on each forum I peruse.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
February 13, 2018, 06:58:58 PM

This is an interesting narrative.  And one I have not proven myself.  I have heard it is more true on asian dark net servers.  But I would think the latest addition of Monero at Dream (I think?) would fly in the face of this a little.  Dark net vendors are getting more savvy little by little.

Litecoin has historically been best positioned to absorb spillover from obsolete use cases excluded by Bitcoin's rise to power.  When Bitcoin was too slow for Bitpay to work (Xmas shopping season) I used Litecoin instead because it was the only option I wouldn't feel dirty touching (ETH? Nope.  Bcash? LOL git rekt.  Dash? Oh Hell naw!).  Cheesy

Despite my disdain for Vitalik's Bailout Fork, ETH has inserted/cemented itself into the primary spillover capture role ahead of Litecoin, but I expect LTC to make a comeback due to Lightning, cross-chain atomic swaps, and greater reliability/fungibility/decentralization proving its superior long-term fundamentals.

It's good for Monero that Litecoin is helping us break up the Bitcoin/Ethereum duopoly.  Once a market relents from its Bitcoin maximalist supremacist monopolist (or 'Muh Flippening') paradigm there is no more protectionism and every coin must compete for users based on its own merits.  That means cheap tx fees, quick confirms, low withdrawals fees, and extra features such as privacy.
member
Activity: 476
Merit: 75
February 13, 2018, 06:36:55 PM
There will be nice days for Monero. There are really good projects. But sometimes good patience is needed for good projects. People are rushing. In this case, it can be harmed.
legendary
Activity: 2016
Merit: 1259
February 13, 2018, 06:09:44 PM
Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Will this protocol change affects botnets mining? And if it affects that, does it means hashing power will dive at least for some time around fork period?

Will there be a chance of a chain split because these "70% unknown" hash power comes from botnets and that they might not just switch the software version promptly, leaving and old "ghost" chain burning power and taking some unaware souls?

It is meant to prevent ASIC miners. There was speculations that someoen build ASIC miner so if that is the case then mining hash power should reduce. I think there is little chances for that. Also if that is the case, those that have ASIC miners will now start an offensive against this change. Since with this change will lose their advantage.

No one can tell how many hash power comes from bootnets. Can be 99%. Botnets operators can easily join any pool. So as any miner can mine solo or on private pool. On that pie 70% was marked as unknown only because maker of that pie know names of pools that do only 30% of hashpower . If he would do homework a bit better could easily add few % more.  Saying "because these "70% unknown" hash power comes from botnets" is simply wrong.

Ok, but you answered none of my points... I actually want to know if it will impact on botnet mining (not if it was target for that). And also, I agree that it is not right to say that 70% are indeed botnet, which I didn't. I may have expressed myself bad, but what I meant was: "IF a great part of that 70% unknown hash rate DO comes from botnets and that botnets are mining using old code, will we have any hash power break down upon update?"

I would expect some drop in the hash rate, at least briefly, because there are always pools that don't get their shit together on schedule.  Whether they are named pools, or 'unknown' pools makes no difference.  It's just a matter of who is paying the power bill.
legendary
Activity: 2016
Merit: 1259
February 13, 2018, 06:06:19 PM
Just to be clear, with this hard fork and all, there is no problem with the Monero anonymity ? Because this is what makes Monero so special, anonymity... is this a reason to sell, this coming hard fork? I guess not, I don’t want to sell! But I am Having trouble understanding the whole coming situation

No it is just a regular, scheduled upgrade of protocol.
legendary
Activity: 2016
Merit: 1259
February 13, 2018, 06:05:37 PM
Any news when Monero mobile wallet will be released, currently it is very difficult to send XMR payment on the go.

Finally! I've been waiting for this for long time. We really need this. And we need monero on more hardware wallets really.

One would be a fine start...
sr. member
Activity: 327
Merit: 252
February 13, 2018, 04:43:24 PM
now we see a exciting and huge increase in ethereum classic because of the upcoming fork in the beginning of May. We will see a similar increase in Monero because Monero will have a fork named MoneroV in the middle of March. All should accummulate some Monero before getting late for price soaring soon

If ETC is pumping because of a May fork wouldn't Monero have seen one by now given that its fork is in March?

Also, why is ETC forking? Didn't hear anything about that.
rdp
jr. member
Activity: 38
Merit: 2
February 13, 2018, 04:28:25 PM
Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Will this protocol change affects botnets mining? And if it affects that, does it means hashing power will dive at least for some time around fork period?

Will there be a chance of a chain split because these "70% unknown" hash power comes from botnets and that they might not just switch the software version promptly, leaving and old "ghost" chain burning power and taking some unaware souls?

It is meant to prevent ASIC miners. There was speculations that someoen build ASIC miner so if that is the case then mining hash power should reduce. I think there is little chances for that. Also if that is the case, those that have ASIC miners will now start an offensive against this change. Since with this change will lose their advantage.

No one can tell how many hash power comes from bootnets. Can be 99%. Botnets operators can easily join any pool. So as any miner can mine solo or on private pool. On that pie 70% was marked as unknown only because maker of that pie know names of pools that do only 30% of hashpower . If he would do homework a bit better could easily add few % more.  Saying "because these "70% unknown" hash power comes from botnets" is simply wrong.

Ok, but you answered none of my points... I actually want to know if it will impact on botnet mining (not if it was target for that). And also, I agree that it is not right to say that 70% are indeed botnet, which I didn't. I may have expressed myself bad, but what I meant was: "IF a great part of that 70% unknown hash rate DO comes from botnets and that botnets are mining using old code, will we have any hash power break down upon update?"
sr. member
Activity: 574
Merit: 250
February 13, 2018, 04:24:09 PM
now we see a exciting and huge increase in ethereum classic because of the upcoming fork in the beginning of May. We will see a similar increase in Monero because Monero will have a fork named MoneroV in the middle of March. All should accummulate some Monero before getting late for price soaring soon
legendary
Activity: 2604
Merit: 1748
February 13, 2018, 03:52:04 PM
'Bitcoin is dead/dying' FUD being spread by Aminorex.

...they own up to their most massive counterfactual mistakes and perhaps explain to their flocks how/why they managed to get it so wrong.

Yeah, the fee crisis is over, for now at least, and whether it will repeat I am not now competent to speculate.  I should learn to keep my mouth shut when I am not following current events.  I was quite wrong about s2x, because core was able to act while I was expecting even more stagnation. That error, again, is attributable to neglecting the current available information about the internal dynamics of core. I was also quite wrong about Bitcoin Cash, which has far exceeded my expectations.  I don't even know enough to say why.

Once you know something well, you can make more reasonable projections than before, but if you don't stay up-to-date on the most important factors, in a dynamic environment, that potential degrades rapidly.  My takeaway is to remember to check whether my info is still pertinent rather than repeating old conclusions without updating.  I have done it before, so shame on me for not learning from it then.  It is easy to get cocky and sloppy after a few wins, and a hard reality check is good for the soul, focusses the mind.  So thanks for pointing it out.

Frankly I am not paying enough attention to classic crypto lately for anyone to hang on my words about it.  I try to get the big picture, but my detail attention is currently consumed by lawyers and web plumbing for a CEF.  C'est la guerre.


You have more enough credit here to be fallible once in a while, your unstinting support for Monero is admirable, as is your noble mea culpa.

FFS keep your insghts coming? Ok, yes - some I disagreed with, but some of them brought me here in the first place and then later kept me holding through tough times.  All were - and always will be - welcome.


legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
February 13, 2018, 03:14:12 PM

This is an interesting narrative.  And one I have not proven myself.  I have heard it is more true on asian dark net servers.  But I would think the latest addition of Monero at Dream (I think?) would fly in the face of this a little.  Dark net vendors are getting more savvy little by little.
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
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