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Topic: [XMR] Monero Speculation - page 640. (Read 3314316 times)

legendary
Activity: 2604
Merit: 1748
August 09, 2017, 04:17:25 PM
I still sometimes find myself astonished that Monero - Monero! - has yet to achieve a 1B dollar market cap.


It will.  Only a matter of time.  It's just too fucking perfectly timed for the moment to not soar.  But please don't tell anyone, yet I am still below my target stash.

Wink
hero member
Activity: 850
Merit: 1000
August 09, 2017, 04:15:07 PM
Why would they have the blockchain so open anyway? Are other projects trying to solve this with ring signatures as well?

I didn't know about these Kvri I2P routers. These are physical routers or is this software?

Kovri is software and it will be included with upcoming Monero software and will be compatible with existing I2P. But even now you can use Monero over TOR and I2P if you want to:

TOR: https://monero.stackexchange.com/questions/467/running-a-full-node-without-revealing-my-home-ip-address

I2P: see https://moneroworld.com/#nodes

You can also search https://monero.stackexchange.com/ for other helpful guides.
legendary
Activity: 2604
Merit: 1748
August 09, 2017, 04:14:35 PM
It is based in the Cryptonote protocol. It uses unique one-time addresses for each transaction so that only the receiver knows where the money went. This is good, believe me.
And, as if that wasn't enough, it signs the inputs with ring signatures. And this is great because that signature only proves that someone in that group created it. That means only the sender knows where the money came from.


Cut and pasted from here:

https://www.cryptocompare.com/coins/guides/is-bitcoin-anonymous/

I haven't bothered googling the rest...

sr. member
Activity: 327
Merit: 252
August 09, 2017, 04:11:00 PM
I still sometimes find myself astonished that Monero - Monero! - has yet to achieve a 1B dollar market cap.
legendary
Activity: 2604
Merit: 1748
August 09, 2017, 03:54:39 PM
Thanks to all the newbies for dropping by.  But this is the 'Monero speculation' thread.

Sorry, but we are not really interested in your Minex thingy, or you parroting stuff other people have said for no apparent reason, or making irrelevant comments we don't want to read.

All the best, and do please remember to close the door on your way out?


OT: Monero coiling for a move.  i smell an incoming hike.  Loading up.
newbie
Activity: 3
Merit: 0
August 09, 2017, 09:09:28 AM
MinexCoin is a stable asset for retaining purchasing power and forming reserves. The coin’s high liquidity and the user’s full control over their assets maintain the assets’ safety.
member
Activity: 132
Merit: 10
August 09, 2017, 08:44:13 AM
This has long been one of my concerns for a currency that received adoption.  If transactions aren't enough - security winds up being an inverted pyramid with the most security coming when the coin is cheap / being distributed.  As it gains value the % spent on security goes down while the value goes up opening room for a bad actor to short & be profitable.  

I ran some numbers at one point and if there are enough transactions this may not be an issue.  However the problem becomes compounded as you move fees offchain.  If bitcoin is secured by only 30% of the actual fees paid to the network via lightning network or whatever it seems like deflation on a small capacity chain creates an even more concentrated potential for a profitable attack vector.
Could you give an example of this? It's kinda dense for my level Smiley So you're saying that the lightning network creates a security hole?
legendary
Activity: 1256
Merit: 1009
August 09, 2017, 08:39:46 AM
This has long been one of my concerns for a currency that received adoption.  If transactions aren't enough - security winds up being an inverted pyramid with the most security coming when the coin is cheap / being distributed.  As it gains value the % spent on security goes down while the value goes up opening room for a bad actor to short & be profitable.  

I ran some numbers at one point and if there are enough transactions this may not be an issue.  However the problem becomes compounded as you move fees offchain.  If bitcoin is secured by only 30% of the actual fees paid to the network via lightning network or whatever it seems like deflation on a small capacity chain creates an even more concentrated potential for a profitable attack vector.
member
Activity: 132
Merit: 10
August 09, 2017, 08:38:36 AM
Verge uses I2P and Tor to hide the origination of the transmission. But its blockchain is open and transparent like Bitcoin's. For example, here's a Verge address: DGjVzyPaKMBiwzWoQyVsEAD2YLT5xoht9z. Or pick any Verge address. Go to a Verge blockchain explorer like https://prohashing.com/explorer/Verge/ and enter a Verge address and you'll see its balance (in this case, 73,328.33900000 / $240.534). That's not private.

So Verge is just like a Bitcoin transaction over TOR.

With Monero, nobody can know your balance. Try putting in a Monero address in a blockchain explorer and see for yourself. And here's a fun link: http://moneroblocks.info/richlist

So, Monero is much more private. And, you can make Monero transactions over TOR and I2P if you want to, or go to a public wifi spot to hide your real IP.  Plus, Monero will soon have baked-in I2P with its Kovri I2P router.

Why would they have the blockchain so open anyway? Are other projects trying to solve this with ring signatures as well?

I didn't know about these Kvri I2P routers. These are physical routers or is this software?
sr. member
Activity: 432
Merit: 251
August 09, 2017, 08:10:05 AM
So mining continues and the chain is secured
Ah, I see... And you think that without this mining wouldn't continue? You think that bitcoin won't last after the mining fees are gone and they need to survive purely on tx fees?

I think that's the principle of the tail emission.



And getting new supply of coins for the ring signatures if I'm not mistaken
full member
Activity: 169
Merit: 100
August 09, 2017, 07:43:39 AM
Man coming back here after swapping 90% of my 2 year old bags for ETH a few weeks ago reeeeeaallly makes me feel like I did the right thing. 

Amazing, amazing tech but definitely not a crypto you want to HODL.
full member
Activity: 161
Merit: 100
<3 Crypto
August 09, 2017, 07:21:37 AM
Is the Monero Bubble looming? Could be! Price will be in the $300-2000 range.

https://www.tradingview.com/chart/XMRUSD/vaYkeyy0-Forecasting-Sketch-for-XMR-USD-Bubble-Current-Price-51-56

These charts always make me laugh at how consistently inaccurate they always are

Actually this guy has been correct, see how this chart played out (which looked equally outlandish at the time it was posted).

https://www.tradingview.com/chart/XMRUSDT/tbXU4aJg-XMR-in-oversold-territory/

Yeah! Target price looks too optimistic, but actually realistic. This is the same situation when XMR is at $1 and a chart with target price of $50 are spread around.  Cool
legendary
Activity: 1610
Merit: 1004
August 09, 2017, 06:54:41 AM
Is the Monero Bubble looming? Could be! Price will be in the $300-2000 range.

https://www.tradingview.com/chart/XMRUSD/vaYkeyy0-Forecasting-Sketch-for-XMR-USD-Bubble-Current-Price-51-56

These charts always make me laugh at how consistently inaccurate they always are

Actually this guy has been correct, see how this chart played out (which looked equally outlandish at the time it was posted).

https://www.tradingview.com/chart/XMRUSDT/tbXU4aJg-XMR-in-oversold-territory/
hero member
Activity: 714
Merit: 504
August 09, 2017, 05:58:00 AM
member
Activity: 100
Merit: 11
August 09, 2017, 04:52:50 AM
Is the Monero Bubble looming? Could be! Price will be in the $300-2000 range.

https://www.tradingview.com/chart/XMRUSD/vaYkeyy0-Forecasting-Sketch-for-XMR-USD-Bubble-Current-Price-51-56

These charts always make me laugh at how consistently inaccurate they always are
hero member
Activity: 687
Merit: 500
novag
August 09, 2017, 03:33:15 AM
Is the Monero Bubble looming? Could be! Price will be in the $300-2000 range.

https://www.tradingview.com/chart/XMRUSD/vaYkeyy0-Forecasting-Sketch-for-XMR-USD-Bubble-Current-Price-51-56
newbie
Activity: 46
Merit: 0
August 08, 2017, 01:10:03 PM
There are many other factors which will play out on varying time scales, these are just some of the most obvious and largest.  Please add your own.

I still stand by offshore wealth being the game-changer for Monero. Once the housing bubble explodes (and it will), something else is going to step up to the plate to give foreigners a way to obfuscate their wealth from their governments.

Darknets will boost Monero into three digits, but it's the Chinese billionaires wanting to get their money offshore that will push Monero into the high four digits.
sr. member
Activity: 327
Merit: 252
August 08, 2017, 12:03:26 PM
It allows for the dynamic block size and provides more incentive for mining (network security). Also, I don't think it will affect available supply since people lose access to coins by forgetting passwords, not making backups, they die without telling anyone their password, etc. I'm embarrassed to say it but I "laundered" a USB key through my washer and dryer and it destroyed everything on the USB, including Monero info. In the case of AlphaBay, an unknown amount of Monero is now gone forever, but I'm assuming it's a nontrivial amount.
Hmmm, haven't even considered this. Yes, that could be an issue. But still, that just makes the remaining coins that much more valuable, right?

Another question:
(I'm full of these today jeez...)
Basically I've been talking on the Verge thread and people over there say that what Verge has over Monero is it's IP privacy.
Would this be considered a fair statement?

Take a look this recent twitter thread and, in particular, Riccardo Spagni's response:

https://twitter.com/jtgrassie/status/894672365157834752

Obscuring one's IP address is only one aspect of privacy. Verge does nothing to obscure blockchain analysis. Verge does nothing that running bitcoin through a tor client can't do. The Kovri project (a Monero project that uses the i2P protocol) will soon be built into the Monero client - later this year, perhaps? The issue of obscuring IP addresses will then be redundant.

I'd be wary of any currency that pumps itself as hard as verge does. How well do they know their cryptography? They seem to be everywhere these days - desperate to pump their price up from $0.03.

If you need more info about Monero you could do worse than ponder this for a few minutes:

https://www.monero.how/monero-infographic

legendary
Activity: 2968
Merit: 1198
August 08, 2017, 12:02:28 PM
Basically I've been talking on the Verge thread and people over there say that what Verge has over Monero is it's IP privacy.
Would this be considered a fair statement?

You can run Monero, or Bitcoin for that matter, over Tor. There is as such no privacy gain whatsoever to be achieved by using Verge. It is being aggressively and widely promoted by shills, very likely paid ones, but there is literally no substance all smoke and mirrors.
hero member
Activity: 850
Merit: 1000
August 08, 2017, 11:53:27 AM
It allows for the dynamic block size and provides more incentive for mining (network security). Also, I don't think it will affect available supply since people lose access to coins by forgetting passwords, not making backups, they die without telling anyone their password, etc. I'm embarrassed to say it but I "laundered" a USB key through my washer and dryer and it destroyed everything on the USB, including Monero info. In the case of AlphaBay, an unknown amount of Monero is now gone forever, but I'm assuming it's a nontrivial amount.
Hmmm, haven't even considered this. Yes, that could be an issue. But still, that just makes the remaining coins that much more valuable, right?
Sure, that's true. But I think the tail emission will balance out the lost coins. How much of a balance, I don't know, and we can't know because Monero is truly private.

Another question:
(I'm full of these today jeez...)
Basically I've been talking on the Verge thread and people over there say that what Verge has over Monero is it's IP privacy.
Would this be considered a fair statement?

Verge uses I2P and Tor to hide the origination of the transmission. But its blockchain is open and transparent like Bitcoin's. For example, here's a Verge address: DGjVzyPaKMBiwzWoQyVsEAD2YLT5xoht9z. Or pick any Verge address. Go to a Verge blockchain explorer like https://prohashing.com/explorer/Verge/ and enter a Verge address and you'll see its balance (in this case, 73,328.33900000 / $240.534). That's not private.

So Verge is just like a Bitcoin transaction over TOR.

With Monero, nobody can know your balance. Try putting in a Monero address in a blockchain explorer and see for yourself. And here's a fun link: http://moneroblocks.info/richlist

So, Monero is much more private. And, you can make Monero transactions over TOR and I2P if you want to, or go to a public wifi spot to hide your real IP.  Plus, Monero will soon have baked-in I2P with its Kovri I2P router.
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