Topic: [XMR] Monero Speculation - page 518. (Read 3314350 times)

LMAO. So much for Tezos' superior organizational structure  They sure showed silly old Core how to run a project.  Wow such meta-governance!

This fiasco provides an example of a governance model in a failure mode despite (or perhaps due to) being massively funded and then enjoying an BTC moon windfall on top of that.

L'affaire Tezos illustrates the crucial point that no amount of money makes up for talented, motivated, creative developers and a critical mass of community coming together in a viable ecosystem.

Like Tezos, Dash is falling badly behind in self-imposed development schedules despite having and endless supply of money to throw around.

The best devs are not for sale.  They work on whatever they want.  Nobody can buy them with ICO or Instamine shittokens.

The best devs tell people what they are going to do why they should be paid to do it.

Speaking of that, let's pat ourselves on the back for the Monero's FFS working out so well.

If you were excited and then disappointed about Tezos, check out Cardano.  If their Ouroboros staking schema works as intended, PoW may be obsolete.  This convinced me: https://www.youtube.com/watch?v=JwxVySVF-U4

....

All those poor fools out there on the street who still believe their "dollars" will have any use or value in the future... SMH 
...

So, I just read this article and it did help to understand the current situation: 
https://www.cnbc.com/amp/2017/10/19/josh-brown-goes-down-the-bitcoin-rabbit-hole-commentary.html

Anyway, my takeaway from the enjoyable article is that the crypto-verse is poised to really explode in 2018 (with probable volatility).

Not sure about the ETH HF either but there is this.

https://www.wsj.com/articles/tezos-raised-232-million-in-a-hot-coin-offering-then-a-fight-broke-out-1508354704

Oops.  I should have read more carefully.  I seem to be developing a habit of making a fool of myself in the manner of Emily Litella...."nevermind." 

I infer that I don't take zerocoin seriously enough to recognize the words on my screen, whereas I find Zcash incredibly annoying.

ohm, I don't think that Monero price will rise again soon. The price has reached the top at $137 on August 31, and now it tends to decrease. So, Maybe you will have to wait for a long time.

Patience and HODL are the key,
I predict that XMR would need time to have next support,
patience is the key.

I ll love to HODL this too a bit longer

Zcoin is a fraud that was launched at the same time as Zcash to steal the more foolish of the zcrap crowd and after lauch the Dev created coins out of thin air and dumped them, IOW it is a complete Scam.

AFA Zcash which is what you were probally refering to, aminorex covered that perfectly.

The simplest and most memorable criticism I ever remember reading about Ethereum was that the entire edifice is a massive house of cards balanced on the back of a 30 kilogram Russian  

wtf everybody hate Ethereum this week
But why? What happened? Did Vitalik stepped on balls of crypto community?

wtf everybody hate Ethereum this week
But why? What happened? Did Vitalik stepped on balls of crypto community?

The simplest and most memorable criticism I ever remember reading about Ethereum was that the entire edifice is a massive house of cards balanced on the back of a 30 kilogram Russian 

Can someone translate this post in a ELI5 manner. I don't know most of these ETH (I assume) insider terms.

There were late breaking bugs in Byzantium, so Parity Tech wants it pushed back, to avoid the possibility that a rushed fix does serious harm, but core seems hostile to the delay, in large degree because of the impending difficulty bomb: If Constantinople, and full-on PoS, doesn't come very soon, the bomb will create a lot of volatility, in block times, and in prices (just when EOS is set to become a serious competitor)... There are just too many ways for this to go wrong.  Each is unlikely in isolation, but in aggregate it adds up to an awful lot of risk, right after a massive pump.  That is likely to spur a lot of profit-taking, in my opinion.  

The golden boy of crypto is starting to look green around the edges, and a bad smell accompanies him into the room lately.  ICOs have been driving BTC, and ETH even more so.  Now that they are drying up or domiciling in third-world havens (unattractive to investors) as regulators crack down in all the first and second world countries, now that the only platform for ICOs that matters is beginning to shake, the ICO inflows are drying up, and the recent correction may very well be the start of a crypto sector cap shrink, another crypto winter, another bubble pop.  The tide may be going out, and we may soon see who has been swimming naked.  

On the other hand, this is just the sort of fraught situation which creates a wall of worry, and persistent hidden demand could force price to climb that wall.  It seems very binary to me.  (And when everyone thinks so, then price will stagnate, plateau, and form a long term base.  Such is the contrarian's reality: A hall of mirrors, Spy vs. Spy.)

Can somebody give me his advice? I was researching privacy coins and it come down to two XMR and ZCoin (XZC), and as far as I understand XZC is pretty good. It also has small marketcap the problem is only with not big community... So where to invest XMR or XZC? Thanks in advance and apologies if im in the wrong thread...

I think distributed blockchains might be the future solution to scalability.

Sounds wacky but imagine scaling out instead of up.

I will repeat the points which have prevented me from ever using Zcash. (ZEC, XZC and Zcash name the same single cryptocurrency.)

I don't trust the "trusted setup".  On the one hand, 6 people are not enough to preclude collusion, or to provide enough eyes to do diligence against trickery.  On the other hand it is too many points of failure, given that the incentive to defect is on the order of at least hundreds of millions of dollars, potentially many billions.

I don't trust the design.  Sigint operatives have subverted NIST standards, inserted backdoors in commercial and open source operating systems, even intercepted hardware being shipped from a vendor and modified it to gain systems access.

Let's consider the known facts about the Zcash team in this light:

Greene is at UMd, and NSA is very tight with UMd. He has publicly stated that zerocash (upon which zcash is based) can be backdoored, in the interests of the government.

Zooko Wilcox, the most visible member if the Zcash team, after whom the currency is named (!!), has also made public statements - and subsequently retracted them - similar to Greene's.

Members of the development team include admitted former Mossad sigint operatives.  And I don't think one ever really leaves the Mossad.  The Mossad cooperates extensively with the U.S. intelligence agencies.

Now let's consider factors unrelated to the specific team:

The mathematics of zk-snarks is not adequately reviewed.  Few people understand it well, and nobody understands it well enough to publish a peer-reviewed proof of its security in any feasible implementation.  Existing proofs address much more narrowly restricted claims, and are easily used as a cover for insidious activities.

Anonymity is only useful if the participants in the anonymity set are many.  The overwhelming majority of Zcash transactions are not anonymous, by design.  This has terrible consequences for the privacy and security of those network participants who choose to use it's purported privacy features.

AlphaBay implemented Zcash on July 1st.  By July 5th their servers were seized, and within days the principal operator was found dead, hanging by the neck in a Bangkok jail cell.

My conclusion:

I can not prove, but on the evidence and facts do believe, that Zcash is an NSA/Mossad honeypot, like Dash, and if you use it in conjunction with an activity which members of the Anglo-Israeli signals intelligence community are incentivized to disrupt, your life is in danger.  

I have had extensive experience working with these people, and consider them to be ruthless sociopaths. Nice friends to have, and generally well-meaning and interesting individuals, but sociopaths none the less.  Hitler was kind to animals and children.  As Voltaire observed, if you can be made to believe absurdities, you can be made to commit atrocities.


Edit, in post script:

Besides which, I find it offensively stupid to pay the developers a 20% tax.  I believe in voluntary support of the common good, not stealthy embezzlement.  I am not volunteering to be anyone's tax donkey, let alone volunteering to be subject to invasive surveillance in the process.