Topic: [XMR] Monero Speculation - page 360. (Read 3314316 times)

Monero in the news again. Seems to be increasingly chosen over Bitcoin for this kind of thing.

http://www.bbc.co.uk/news/technology-43025788
"Hackers hijack government websites to mine crypto-cash"


Q

FWIW, I was listening to a Trace Mayer interview and he stated that several Fortune 50 companies have used bitcoin for years doing cross border payments in order to increase their tax efficiency.

23 min mark:
https://www.youtube.com/watch?v=OuZMheO_dik

Goes back to my earlier point. I think people mentaly baseline at entry point against BTC.



God help us with all the silly bitcoins. If BTC goes down the who space will be made a mockery of

I think the problem is that Monero (as with other coins) can flip from tracking BTC to an inverse tracking of it according to mood.

I have seen Monero actually increase in value in BTC/XMR at the same time as Bitcoin rises against USD.  This happened often from November 2016 through to late summer 2017.

At other times  it seems to track the opposite way - effectively acting as a hedge - which it has done for long periods in the past, too.  In terms of USD overall - BTC going down means XMR does too (in USD value), but it's not as simple as that.

I welcome further thoughts on this, but I have tried to work it out and I am not sure firm and predictable rules really exist - especially as Monero has use cases and demand for it that Bitcoin does not.

I know Bitcoin has been slipping in your estimations, and I agree in many ways it has lost its way.  Maybe it's wishful thinking on my part that it recovers its credibility, and remains as the market driver in CC, because if it sinks - rather than is gradually surpassed - I think a crypto as a whole is in for a very long and painful time before it finally sorts itself out.


I didn't say I thought ETH was any good, just that smart contracts will have a use.   I agree it is a mess and it will be surpassed.

As for LTC, maybe it's simply just the faster block rate that makes it slicker.  However, can it take over BTC when it is so similar and likely to have the same issues when under the same scrutiny and pressures?  I doubt it - but I note your thoughts.  As always your posts set me looking at things from a different angle.

that's what I've noticed, but I've only been in crypto for half a year.. So interested what others think!

Me too, got some still in plastic   
It must be really difficult to do, because it's been imminent for months.  On the plus side, if they bail like Trezor did, the price has gone up so I can sell them again easily to bitcoin people.

Same. I have a few other altcoins I could throw on there, but I don't plan on holding them long enough to make it worthwhile.

Ditto. The community hardware wallet looks interesting as well.

I don't know.  I just always select the lowest priority, and it always gets the next block for 0.003 fee.  If I'm concerned about it, I pay more, or check to see if there is a backlog first.  I think this will be made default on the next release.

It would be nice if the client could tell you the optimal fee to pay for a desired outcome based on recent data. Like:

1) 90% chance on next block 97% chance on second block 99% chance on third = 0.01xmr fee
2) 80% chance on next block 90% chance on second block 97% chance on third = 0.005xmr fee
3) 70% chance on next block 85% chance on second block 94% chance on third = 0.002xmr fee

Or maybe like this:

1) 1 block till >99% chance, <1% chance of never getting included = 0.01xmr fee
2) 3 blocks till 99% chance, 2 blocks till 80% chance, 1 blocks till 50% chance, <1% chance of never getting included = 0.005xmr fee
3) 8 blocks till 99% chance, 4 blocks till 80% chance, 2 blocks till 50% chance, 5% chance of never getting included = 0.002xmr fee

Just a few relevant useful datapoints for potential expectations. Of course this would be based on what would have gotten you included in the last few blocks and projecting that into the future and we all know past performance isn't necessarily an indicator of future success but none the less it could get pretty close most of the time I think.

Does anyone know how feasible that is? If there are any particular challenges to implementing something like that?

Or maybe I'm just wondering why the client is currently so wildly off in its recommendation if transactions are really clearing for 75 cents next block?

BTC transfers have been clearing next block for under 10 cents recently.  XMR about 75 cents.  I don't know who is paying more, but it is free choice for the most part.

sooooo... xmr tx fee is cheaper than bitcoin now ?

https://bitinfocharts.com/comparison/transactionfees-btc-xmr.html#3m

 

EDIT : 
BTC av tx fee  3.4 usd 
xmr av tx fee  6.5 usd 

Bitcoin is more like aluminum than gold.  In order to transfer value it takes much longer and costs vastly more than any other crypto of comparable monetary function.

It remains to be seen whether a settlements network can be salvaged from the ashes of the house Satoshi built and the core team burned down.  I would not invest in bitcoin now, simply because it is not useful now, and I have no confidence in the salvage crew.


A blind, arthritic and demented standard bearer does not seem like a good thing to me. Lack of utility, if it persists, will surely bleed its value inexorably down. I hope I am proven wrong because the wake of a sinking titan can capsize numerous lesser vessels. Even a sound one will be tossed brutally in those swells.


Not only does it have a use case, but it is actually fit for purpose.  At least one of ten ICOs has a plausible, or even a legitimate and viable use case and hence a niche. But far fewer are actually fit for that use, and all have much narrower niches than monero, save perhaps transparent liquidity and possibly even contracts.  What is the likely successor to BTC for liquidity?  Well, LTC transfers per unit of market cap are vastly higher than BitcoinCash, so it is looking remarkably and surprisingly useful, in addition to it's tenure.

I don't think ETH is a robust contracts platform.  All the larceny is sufficient to discredit ETH.  Usability is still at the squat toilet level.  But...It could be a long while before a 10x better platform emerges - and that is usually what it takes to displace an incumbent, a 10x ROI.

Monero has a strong position in my head. It will be in higher places in the future for the price. I can invest in this case. Do not cause me to find a little capital.

Monero has for the last two years outperformed BTC to such an extent that it's now enjoying uber-bullish attempts to make the old 0.03 ceiling the new trading range floor.

You need to zoom out, stop day trading or whatever it is that causing to have such abominably high time preferences, and get a grip, because your frustration is entirely self-imposed and Bitcoin Obituary fantasies unseemly.

Bitcoin is the unstoppable icebreaker-like force clearing our path of immovable objects, so all other cryptocurrencies may follow in its wake.  When you moan about this "faster, please" stuff, it's biting the hand that feeds us.

The emergent global crypto-economy is one of the most dynamic and competitive ("perfect") markets that have ever existed, but here you are asking for even MOAR GAINZ RITE MEOW PLX, like an insatiable hungry ghost.

Stop fretting about the noise; focus on the signal.  Sit tight and be right.  Monero is poised to add another zero very Soon(tm).  Multi-sig, Coinbase, Kovri, Hardware Fluffywallet, etc. are right around the corner.  Then comes the institutional/retail investment on-ramp build-out, like when Grayscale creates a GXMR ETN.

Interesting observation. Altcoins do well against bitcoin when bitcoin trades sideways but tend to stick with it on the upside and downside. I need to look at some historical data to see how true this is. Interested if other people think they have observed this.

When I see something related to Monero. I think Monero is one of the oldest and most intact of this market. I think it's worth $ 1000. We may not wait too long for this target price.

I believe this current situation is unsustainable.  Eventually a handful, or perhaps one project will have gobbled up most of the good ideas as well as the misplaced wealth currently in all the other ideas.

IMHO, the salient question is whether Monero survives or gets gobbled up... and if it's the second path?  When?

I communicated poorly. It's not really that that I hate. It's that shitcoins get boosted up when bitcoin goes up and quality projects go down when bitcoin goes down. Bitcoin going up shouldn't make your worthless garbage product more valuable. It's completely unrelated. It should be completely unrelated anyway. I feel like peoples obsession with bitcoin is subsidizing garbage. They treat the entire sector like its one homogeneous blob and not tons of very different projects that should be evaluated individually on their individual merits. If people would evaluate each project individually it would reward the better ones more and punish the bad ones more and the whole sector would improve more and faster. It would be healthy for the sector. I hope that makes more sense.

You know how people like to talk about zombie banks and zombie corporations. People treating this sector like one homogeneous blob is creating zombie currencies.