Topic: [XMR] Monero Speculation - page 546. (Read 3314350 times)
I think you should always be weary when a company/website/etc, announces someones support for something before that person does. I mean I trust someone coming out and saying "I believe this tech is great" much more than Apple saying "John said our tech was the greatest and believes we will rule the world".
Anyhow, all respectable crypto is amateur. Professional crypto - RSA, anyone? - is uniformly backdoored AFAICT, while reliable crypto such as GPG and XMR is community-driven open source software, subjected to extensive peer review...
Very good point... so, perhaps we can instead consider that Snowden's comment was actually a compliment to Monero, only intended for those with "the ears to hear" correctly
Spooks never come out and just SAY something directly, right? It's always a goddamn riddle, wrapped in a mystery, inside an enigma with these jokers
Garden of forking paths. Games within games.
Prediction: Monero's price will double in the next two weeks. The growing awareness and use of Coinhive will be the catalyst...
Wow, yeah I hope so... that'd be great
I suppose at least the "competition conversation" has evolved 'up' to a slightly better candidate lately, i.e. XMR not being compared to Dash(LOL) as much now the media's moved on, trying to compare to ZCash.
But, only slightly, LOL.
Srsly both suck for totally different reasons
Call me crazy, I don't trust Zcash et all: https://bitcointalksearch.org/topic/zcash-backdoor-2011221
When you get into a situation where you have to decide whether to trust, what is the point? Just trust JP Morgan or something.
IMO Zcash is too complicated, cryptographically too new, too dependent on the correctness and integrity of a trusted setup, and too dominated by a single non-transparent company and cabal of 'founders' controlling 20% of the supply. Everything may be perfectly okay but there is no practical way to verify any of these things and to rely on them is irresponsible.
Then again crypto markets are nothing if not unpredictable and often driven by factors well outside of logic and science.
@JM I'm also intrigued by the rapid success of coinhive. It will be interesting to see how that plays out and I agree there is a possibility they will gain a high share of the hash rate, though doing so would likely spawn imitators. It is also possible it will run into bigger problems with anti-'malware', etc. and that becomes a major barrier to growth or even continued existence (at least, at a significant level of scale). Worth watching.
If they are looking to do another pump and dump let's just hope less people fall for it this time.
Zcash's biggest enemy is time. They can buy all the endorsements they want, FUD Monero all they want, but Monero will continue to grow and their relevance will continue to dwindle.
Prediction: Monero's price will double in the next two weeks. The growing awareness and use of Coinhive will be the catalyst. I also see a 51% attack risk being a concern with Coinhive in the near future.
Snowden is there to acclimatize and lead the sheep to the slaughter house, he didn't told us anything we didn't already know and is actively supporting backdoored crypto (Zcash) and mocking legitimate ones (Monero).
https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know
https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know
Cryptocurrency has taught me more about the real world than anything else at this point. It's utterly disgusting what money is capable of buying, and Ed Snowden's endorsement is a perfect example. His "support" of zcash and hilariously well-timed monero fud is 100% bought and paid for. It makes me sick to my stomach.
Perhaps the Zcash developers are looking to pump and dump Zcash again. If so there is an old saying that would go well here: Burn me once shame on you, burn me twice shame on me.
If they are looking to do another pump and dump let's just hope less people fall for it this time.
Snowden is there to acclimatize and lead the sheep to the slaughter house, he didn't told us anything we didn't already know and is actively supporting backdoored crypto (Zcash) and mocking legitimate ones (Monero).
https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know
https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know
Cryptocurrency has taught me more about the real world than anything else at this point. It's utterly disgusting what money is capable of buying, and Ed Snowden's endorsement is a perfect example. His "support" of zcash and hilariously well-timed monero fud is 100% bought and paid for. It makes me sick to my stomach.
Call me crazy, I don't trust Zcash et all: https://bitcointalksearch.org/topic/zcash-backdoor-2011221
I have always been kind of suspicious of Zcash. Even regardless of the technology I just don’t want to have anything to do with it because of the pump-and-dump nature of it.Besides, it’s not even open source. If it’s not there’s know way of knowing for sure it’s even safe, especially given the immense speculation that it isn’t.
Snowden is there to acclimatize and lead the sheep to the slaughter house, he didn't told us anything we didn't already know and is actively supporting backdoored crypto (Zcash) and mocking legitimate ones (Monero).
https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know
https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know
Zcash backdoored? Any far fetched theories or hints to support that claim? Or just angry at their PR strategy?
Zooko flippantly remarks that a backdoor can be added--though I find this less troubling than the number of coins left to be mined, the unverifiable coinbase and the fact there is a CEO in the first place.
Snowden is there to acclimatize and lead the sheep to the slaughter house, he didn't told us anything we didn't already know and is actively supporting backdoored crypto (Zcash) and mocking legitimate ones (Monero).
https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know
https://www.chicagoreader.com/Bleader/archives/2013/06/25/did-edward-snowden-tell-us-anything-we-didnt-already-know
Zcash backdoored? Any far fetched theories or hints to support that claim? Or just angry at their PR strategy?
Anyhow, all respectable crypto is amateur. Professional crypto - RSA, anyone? - is uniformly backdoored AFAICT, while reliable crypto such as GPG and XMR is community-driven open source software, subjected to extensive peer review...
Very good point... so, perhaps we can instead consider that Snowden's comment was actually a compliment to Monero, only intended for those with "the ears to hear" correctly
Spooks never come out and just SAY something directly, right? It's always a goddamn riddle, wrapped in a mystery, inside an enigma with these jokers
https://www.coindesk.com/edward-snowden-zcash-is-most-interesting-bitcoin-alternative/
"Asked for his thoughts on monero, a competing private currency, Snowden said it was "amateur crypto" and pointed to traceability issues within the tech.
Snowden said that such design errors could put fellow whistleblowers at risk, stating: "Mistakes happen and have huge consequences for people like me.""
I'm not up-to-date recently about Monero dev, which mistake is he referring to?
"Asked for his thoughts on monero, a competing private currency, Snowden said it was "amateur crypto" and pointed to traceability issues within the tech.
Snowden said that such design errors could put fellow whistleblowers at risk, stating: "Mistakes happen and have huge consequences for people like me.""
I'm not up-to-date recently about Monero dev, which mistake is he referring to?
ZEC principals produced and widely disseminated a paper which demonstrated that a large proportion of chain transactions from earlier revisions of the software could be linked and traced. Their analysis was disingenuous in that it did not pertain to the current software.
To call a revision incorporating mandatory RingCT 2 "amateur" is to highly esteem amateur work, and also extends "amateur" to include the work of many mathematical and cryptographic software professionals.
Anyhow, all respectable crypto is amateur. Professional crypto - RSA, anyone? - is uniformly backdoored AFAICT, while reliable crypto such as GPG and XMR is community-driven open source software, subjected to extensive peer review. Given the public statements of Green and Wilcox that ZEC can be backdoored responsive to a subpeona and the corporate single point of governance failure embodied in ZEC, as well as the historical facts that Alphabay was taken down 5 days after implementing ZEC and that the Alphabay ZEC was traced (while the XMR was not) I cannot imagine how anyone aware of facts on the ground could risk themselves to ZEC, not when the situation is serious.
I wonder how much they paid snowden to shill zcash
That can be easily answered with this
Quote
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company, the for-profit entity supporting zcash's development.
It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in. 0178 would be a gift from heaven, 50% off the high.... More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...
That was quicker than I thought. Personally, I am a buyer from here down. I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed. (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)
Indeed, I was utterly convinced that we were going to see a continued upward correction to 0.05, not a slow bleed to <0.022. Shocking stuff, given the prowess of this currency.
That filled my last bid set at the end of August. Don't mind resuming proper price growth from here
Markets will be pushed where those with the resources choose to push them, however I didn't expect a drop much beyond here (0.022) because the high wasn't a huge jump up from the ATH, which we have been testing for months. A deeper retrace from 0.07+ would surprise me less...Short term (1-2 month) estimates on price my friend?
I have hopes, not estimates - Generally irrelevant in the real world. That and 1-2 months is too short for me to even focus on. I'm content with constant developmental progress and good news. Bullish as fuck seems a fair description for the future.
Snowden coming out against Monero in favor of ZCash is, to me, just one more nudge towards his whole situation being a "controlled opposition psy-op" entirely from the get-go 
It's a shame, really... philosophically/politically I'd prefer to believe that he's the real deal.
But unfortunately that's been looking more and more unlikely as time goes on, the more he opens his mouth...
It's a shame, really... philosophically/politically I'd prefer to believe that he's the real deal.
But unfortunately that's been looking more and more unlikely as time goes on, the more he opens his mouth...
Yeah I'm with you, I'd like to think he was just put on the spot and didn't have enough time to give an educated answer.
It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in. 0178 would be a gift from heaven, 50% off the high.... More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...
That was quicker than I thought. Personally, I am a buyer from here down. I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed. (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)
Indeed, I was utterly convinced that we were going to see a continued upward correction to 0.05, not a slow bleed to <0.022. Shocking stuff, given the prowess of this currency.
That filled my last bid set at the end of August. Don't mind resuming proper price growth from here
Markets will be pushed where those with the resources choose to push them, however I didn't expect a drop much beyond here (0.022) because the high wasn't a huge jump up from the ATH, which we have been testing for months. A deeper retrace from 0.07+ would surprise me less...Short term (1-2 month) estimates on price my friend?
Snowden coming out against Monero in favor of ZCash is, to me, just one more nudge towards his whole situation being a "controlled opposition psy-op" entirely from the get-go
It's a shame, really... philosophically/politically I'd prefer to believe that he's the real deal.
But unfortunately that's been looking more and more unlikely as time goes on, the more he opens his mouth...
It's a shame, really... philosophically/politically I'd prefer to believe that he's the real deal.
But unfortunately that's been looking more and more unlikely as time goes on, the more he opens his mouth...
I think the reasoning of snowden is : if such a flaw have occured in the past, even if corrected later, it is a sign of lack of profesionalism.
There was no flaw. That is how it was set form start. Everyone using Monero at that time knew what they were using. Mostly were miners mining.
Saying this is a flaw is same as to buy electric car and then go to gas station and claim there is a flaw in your car because you cant fill it with gas.
Monero will evolve constantly. There is zero % chance that any lock will never be unlocked. zero. Monero will keep add more and better things to help against tractability. And block chain anslysists will keep trying to break everything Monero will add. It will be an endless fight. The point here is that Monero keeps upper hand.
There is lack of Snowdens professionalism to talk about things he never really fully read about it.
And I find the endorsement by snowden of zcash rather amateurish or suspicious.
Public endorsement of Corporate Cash is most likely being paid for. Clearly is isn't the result of careful research... Or research at all.
It would be reasonable to expect some ongoing retracement (3-4 weeks?) until ... some magic fib level and support kicks in. 0178 would be a gift from heaven, 50% off the high.... More realistically the 38.2% at 0220 would be near the support level expected from hashrate supply restriction...
That was quicker than I thought. Personally, I am a buyer from here down. I will keep some powder dry down to 018, but below that I go all-in. That is okay since I simply cannot be squeezed. (In crypto, if you can be squeezed, you will be, so it is very not okay, and has cost many people their fortunes.)
Indeed, I was utterly convinced that we were going to see a continued upward correction to 0.05, not a slow bleed to <0.022. Shocking stuff, given the prowess of this currency.
That filled my last bid set at the end of August. Don't mind resuming proper price growth from here
Markets will be pushed where those with the resources choose to push them, however I didn't expect a drop much beyond here (0.022) because the high wasn't a huge jump up from the ATH, which we have been testing for months. A deeper retrace from 0.07+ would surprise me less... Jump to: