Topic: [XMR] Monero Speculation - page 519. (Read 3314350 times)

Lesson learned if you use zcash you'll be dead within a week, because Illuminati.

And trivial to implement: Just place your block store on IPFS (in a canonical form).  A more sophisticated implementation can then wait, perhaps indefinitely.

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.

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.

https://monero.stackexchange.com/questions/2719/how-does-monero-privacy-and-security-compare-to-zcoin

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...

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.)

The last pump was crazy - it really caught me short - so no surprise that the correction is also pretty steep - I have the feeling that the next increase will be pretty (but not as) volatile too. I should probably increase my profit margins on my XMR strategy, as its currently similar to my LTC strategy - which as you say is way more stable. Not sure if any rebound will happen before the BTC forks but depends upon how sharp and deep these sells continue to be and how tempting the price becomes.

For buying yes. It probably is good time. But looking at history of noMore movements. At the market are MORE better behaving coins. 3D RSI even at levels of 35. Highly oversold market still selling! Last time RSI dug so deep was before the august pump. But it dug fast and fast grown. At the moment the noMore is falling for OVER 1 MONTH without any buss stops or rebounces. Weakest coin of biggest... even LTC behaves better

My trading strategy is fine with the current price - it feeds off volatility, so personally I'm fine with the current situation, however if the price halved i'd almost be out the market. I make BTC all the way up and XMR all the way down.

Look how many did not belive that noMore would be at 0.016. Maybe it will rebounce to 0.02 but at the moment the RSI is SO LOW that even i cant belive that... So weak coin. noMore is simple fallout from nuclear explosion of alts of last year.

Goading. However, its not worth the oxygen.

Everyone has your message and you now add you are not very good at predicting stuff. OK noted.

How do you longterm holders look right now? Who sold at 0.03 or even 0.02 made money. Everyone missed his time. Simply noMore. noMore even cant rebounce upto 0.02. Waiting for frustrated holders to attack me. I hold for 1 year and sold and at least I am happy that i made money from lazy, one of biggest coins, which looks today as crap at over 1 year timeframe(comparing to the market).  BTC frozen for over 1 year is too long. I predicted 0.02 at rebounce but that even made shit! noMore is such weak coin...

Yeah - I'm wondering who else is selling - I understand people want more BTC due to these fork that are coming out - but right now if you buy alts you'll get way more back than the forked bitcoins when they are pumped again

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

Dude, you didn't know about the upcoming catastrophic Eth fork?!? Pshhh!

(Heh, I am also unaware... double D'oh! Heck ,what other threads/sites do you guys usually monitor?)

Can you elaborate on this? What's happened with ETH fork that "could be catastrophic"...?

Your comment is first I've heard of it, and moreover it seems to have just glossed over everyone in this thread too!  Am I, again, the last to know??  Doh!!  LOL ...

Hah, I can answer you both with the same line!

Yup all Long term Holders believe this and are taking positions to take advantage of this fact.

it's really cool that in general everyone argues on this topic. I like to participate in this discussion. It's very cool that an increasing number and my friends are involved in all this "turmoil". And also, in principle, to understand that the Alcoccans and the crypto-currency surrounds themselves around the sign and the critics, and to see themselves in this list

Yes it is a fact that the price has dropped a little but soon the price will rise faster than the old one. Monero is different from other coins and they are not as simple. I'm sure I will see her in much better places.