monero stuck at that price because cryptonote still did not have the solution for its problem, it will goes no where untill next year or maybe it will goes down, there are a lot of good project outhere, they will compete with monero
What problem?
Topic: [XMR] Monero Speculation - page 643. (Read 3314350 times)
What problem?
monero stuck at that price because cryptonote still did not have the solution for its problem, it will goes no where untill next year or maybe it will goes down, there are a lot of good project outhere, they will compete with monero
My view on block size issue and how it affects BTC vs BCH vs Mernero. Mernero is technically the more "just" solution, but such a thing might not actually be beneficial if there is greater gain to be had by special interest groups backing the monopoly:
What special interest groups neglected to tell you about the block size issue:
From an economics point of view, trying to force the entire planet onto a fixed block size with low scaling is a pro-usury extortion stance. Small blocks are a synthetic monopoly. If criminal banks believe they can take control of this monopoly, either through getting a large percent of the transaction validators, or by taking control of all services that facilitate off-chain transactions like Coinbase (or lightning) since on-chain transactions are too expensive to use, then the criminal banks would likely support small blocks over large ones.
The solution to the problem is not 1 MB or 8 MB blocks. Any system with a fixed block size is going to inherently be a pro-usury extortion scheme due to synthetic monopoly. You would need to use a dynamic, scaling block size like Monero to fix that.
From an economics point of view, trying to force the entire planet onto a fixed block size with low scaling is a pro-usury extortion stance. Small blocks are a synthetic monopoly. If criminal banks believe they can take control of this monopoly, either through getting a large percent of the transaction validators, or by taking control of all services that facilitate off-chain transactions like Coinbase (or lightning) since on-chain transactions are too expensive to use, then the criminal banks would likely support small blocks over large ones.
The solution to the problem is not 1 MB or 8 MB blocks. Any system with a fixed block size is going to inherently be a pro-usury extortion scheme due to synthetic monopoly. You would need to use a dynamic, scaling block size like Monero to fix that.
Is there a reason why you just posted the obvious in a thread that's topic is not even remotely associated with the matter you are commenting on? And why do you always quote yourself.
My view on block size issue and how it affects BTC vs BCH vs Mernero. Mernero is technically the more "just" solution, but such a thing might not actually be beneficial if there is greater gain to be had by special interest groups backing the monopoly:
What special interest groups neglected to tell you about the block size issue:
From an economics point of view, trying to force the entire planet onto a fixed block size with low scaling is a pro-usury extortion stance. Small blocks are a synthetic monopoly. If criminal banks believe they can take control of this monopoly, either through getting a large percent of the transaction validators, or by taking control of all services that facilitate off-chain transactions like Coinbase (or lightning) since on-chain transactions are too expensive to use, then the criminal banks would likely support small blocks over large ones.
The solution to the problem is not 1 MB or 8 MB blocks. Any system with a fixed block size is going to inherently be a pro-usury extortion scheme due to synthetic monopoly. You would need to use a dynamic, scaling block size like Monero to fix that.
From an economics point of view, trying to force the entire planet onto a fixed block size with low scaling is a pro-usury extortion stance. Small blocks are a synthetic monopoly. If criminal banks believe they can take control of this monopoly, either through getting a large percent of the transaction validators, or by taking control of all services that facilitate off-chain transactions like Coinbase (or lightning) since on-chain transactions are too expensive to use, then the criminal banks would likely support small blocks over large ones.
The solution to the problem is not 1 MB or 8 MB blocks. Any system with a fixed block size is going to inherently be a pro-usury extortion scheme due to synthetic monopoly. You would need to use a dynamic, scaling block size like Monero to fix that.
We should invest in it because:
- Mass release time decreased significantly from 50% compared to bitcoin
- Targets for each block decreased considerably from 120s to 60s
In addition, during development, Monero's development team detected a number of poor quality bugs and then rewritten them optimally.
- Mass release time decreased significantly from 50% compared to bitcoin
- Targets for each block decreased considerably from 120s to 60s
In addition, during development, Monero's development team detected a number of poor quality bugs and then rewritten them optimally.
Which app is this? Is this true?
This one I think, I don't use smart phones so only repeating what has been said in this thread.
https://itunes.apple.com/us/app/monero-wallet-by-freewallet/id1126426159?mt=8
Monero price increase in 2016 was not due some new markets opened. But was due that darkmarkets recognized Monero as best fungible currency. With few markets closing that recognition still stays as valid.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
Monero has only gotten major media attention recently. A lot of the crypto explosion that came since March of this year has been from ETH and all of the ICOs that have spawned. That's where all the money is right now. Remember when all the attention was on ETH and the "flippening"?
IT is not just ETH. It is crypto. BTC ATH helped here a lot. There is much more people involved now in Crypto as was only half year ago. Press i sway more positive about Crypto as it was only half year ago. I am saying this without checking datas, but I could say that number of reditors on r/Monero almost doubled in last half year. More people are getting in crypto and does not matter what part of crypto, more people will get exposed to Monero, since Monero is important part of Crypto and people cant just pass by with blindfolds on.
Monero has only gotten major media attention recently. A lot of the crypto explosion that came since March of this year has been from ETH and all of the ICOs that have spawned. That's where all the money is right now. Remember when all the attention was on ETH and the "flippening"?
I still wouldn't call this 'major media attention'. It's a far step from being prominent. But it is sure to happen. "Be so good they can't ignore you" basically
I thought Japan started the last market bubble. I'm guessing XMR didn't see the rise as much as other larger market cap is many fold not the least of which it is still a pita for people to use the wallet and the only advertised phone app is a trojan. That really must be drawing the crowds in. :rolleyes:
Which app is this? Is this true?Monero's rise in 2016 was at the front end of a wave of increases in many coins including ETH, DASH, and XRP (and of course BTC). It is quite plausible that the stage was just set for explosive gains across the board after a couple of years of steady accumulation and steadily growing interest in the asset class, and while XMR just happened to catch a spark first, the spark wasn't the main reason for the explosion, the accumulation of fuel was.
I wonder what the actual Monero fuel will be once it happens...
Monero price increase in 2016 was not due some new markets opened. But was due that darkmarkets recognized Monero as best fungible currency. With few markets closing that recognition still stays as valid.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
Monero's rise in 2016 was at the front end of a wave of increases in many coins including ETH, DASH, and XRP (and of course BTC). It is quite plausible that the stage was just set for explosive gains across the board after a couple of years of steady accumulation and steadily growing interest in the asset class, and while XMR just happened to catch a spark first, the spark wasn't the main reason for the explosion, the accumulation of fuel was.
I thought Japan started the last market bubble. I'm guessing XMR didn't see the rise as much as other larger market cap is many fold not the least of which it is still a pita for people to use the wallet and the only advertised phone app is a trojan. That really must be drawing the crowds in. :rolleyes:
I don't know the ratios of the others, but the DASH/XMR ratio has traded in a fairly well-defined range for years (lifetime of both basically). This time XMR moved first, then DASH caught up later, but in the past it has worked the other way too, and there wasn't anything remarkable ratio-wise this time.
(zoom out to max)
https://www.tradingview.com/symbols/spread/POLONIEX%3ADASHBTC%2FPOLONIEX%3AXMRBTC/
Well Dash got lucky, they were pumping with those 500 masternodes they took offline just when Japan hit.
Monero price increase in 2016 was not due some new markets opened. But was due that darkmarkets recognized Monero as best fungible currency. With few markets closing that recognition still stays as valid.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
Monero's rise in 2016 was at the front end of a wave of increases in many coins including ETH, DASH, and XRP (and of course BTC). It is quite plausible that the stage was just set for explosive gains across the board after a couple of years of steady accumulation and steadily growing interest in the asset class, and while XMR just happened to catch a spark first, the spark wasn't the main reason for the explosion, the accumulation of fuel was.
I thought Japan started the last market bubble. I'm guessing XMR didn't see the rise as much as other larger market cap is many fold not the least of which it is still a pita for people to use the wallet and the only advertised phone app is a trojan. That really must be drawing the crowds in. :rolleyes:
I don't know the ratios of the others, but the DASH/XMR ratio has traded in a fairly well-defined range for years (lifetime of both basically). This time XMR moved first, then DASH caught up later, but in the past it has worked the other way too, and there wasn't anything remarkable ratio-wise this time.
(zoom out to max)
https://www.tradingview.com/symbols/spread/POLONIEX%3ADASHBTC%2FPOLONIEX%3AXMRBTC/
Monero price increase in 2016 was not due some new markets opened. But was due that darkmarkets recognized Monero as best fungible currency. With few markets closing that recognition still stays as valid.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
Monero's rise in 2016 was at the front end of a wave of increases in many coins including ETH, DASH, and XRP (and of course BTC). It is quite plausible that the stage was just set for explosive gains across the board after a couple of years of steady accumulation and steadily growing interest in the asset class, and while XMR just happened to catch a spark first, the spark wasn't the main reason for the explosion, the accumulation of fuel was.
I thought Japan started the last market bubble. I'm guessing XMR didn't see the rise as much as other larger market cap is many fold not the least of which it is still a pita for people to use the wallet and the only advertised phone app is a trojan. That really must be drawing the crowds in. :rolleyes:
I always liked Monero. Great name, great tech (privacy), limited supply, not sure why it's not surging past BTC! I am definitely holding!
Monero price increase in 2016 was not due some new markets opened. But was due that darkmarkets recognized Monero as best fungible currency. With few markets closing that recognition still stays as valid.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
Monero has only gotten major media attention recently. A lot of the crypto explosion that came since March of this year has been from ETH and all of the ICOs that have spawned. That's where all the money is right now. Remember when all the attention was on ETH and the "flippening"?
+1 --> same here
I also believe that XMR will have a better adoption and use case as BTC. If you look at the xmr.to wallet, which is slightly modified, after you made the broadcast, 3 seconds later you see the payment on their modified wallet. If you try to pay a pizza at your local store with BTC you have to wait until your payment is accepted by a block out ot of the mempool. Last time i did that, i had to wait 1¹/² hours to get one confirmation. If i make a payment with Monero, it takes me like 3 minutes for the first confirmation. I would urge the DEV team to talk to the guys from xmr.to and pickup their modified code for the broadcast check, than you are faster than master card and that's a use case!!!
But Monero isn't about that, otherwise ETH or even DOGE would be just as "useful". Who sells pizza for Monero yet? Monero's last price jump was because of dark market use... I'm actually wondering why it didn't drop when the biggest ones were caught last month.
Well, if BTC doesn't get their transactions cleared faster, it will never be suitable for micropayments. Monero has no problem with that, so that is a reason and a use case
Just wait until the auction for the 11k Monero from alpha bay get's in the sell off
Wouldn`t it be pretty ironic if the authorities sell them in an auction?
Well, they will sell them in an auction and i tend to call a rise just before the auction
Monero price increase in 2016 was not due some new markets opened. But was due that darkmarkets recognized Monero as best fungible currency. With few markets closing that recognition still stays as valid.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
Monero's rise in 2016 was at the front end of a wave of increases in many coins including ETH, DASH, and XRP (and of course BTC). It is quite plausible that the stage was just set for explosive gains across the board after a couple of years of steady accumulation and steadily growing interest in the asset class, and while XMR just happened to catch a spark first, the spark wasn't the main reason for the explosion, the accumulation of fuel was.
+1 --> same here
I also believe that XMR will have a better adoption and use case as BTC. If you look at the xmr.to wallet, which is slightly modified, after you made the broadcast, 3 seconds later you see the payment on their modified wallet. If you try to pay a pizza at your local store with BTC you have to wait until your payment is accepted by a block out ot of the mempool. Last time i did that, i had to wait 1¹/² hours to get one confirmation. If i make a payment with Monero, it takes me like 3 minutes for the first confirmation. I would urge the DEV team to talk to the guys from xmr.to and pickup their modified code for the broadcast check, than you are faster than master card and that's a use case!!!
But Monero isn't about that, otherwise ETH or even DOGE would be just as "useful". Who sells pizza for Monero yet? Monero's last price jump was because of dark market use... I'm actually wondering why it didn't drop when the biggest ones were caught last month.
Monero price increase in 2016 was not due some new markets opened. But was due that darkmarkets recognized Monero as best fungible currency. With few markets closing that recognition still stays as valid.
With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.
"As of today, we have taken measures to blacklist all addresses associated with the WannaCry attackers that are known to the ShapeShift team, as is our policy for any transactions we deem breach our terms of service. We are closely watching the situation as it continues to unfold as to block any further addresses associated.”
https://www.cyberscoop.com/wannacry-monero-bitcoin/
Umm... is this gentlemen?
https://www.cyberscoop.com/wannacry-monero-bitcoin/
Umm... is this gentlemen?
Ha, they blacklist the address when it only has 150k left. A little late don't ya think.
2 millions would be more then 15% XMR in someone else wallet. I doubt Monero owners are dumb enough for something like that.
Unfortunately I would not be surprised, it seems the more you have is inversely proportional to the amount of effort you put into safe guarding it from some of the posts I've read over the years.
It is easy to make an enormous buy side denominated in XMR with meaninglessly low bids, for example at 1 satoshi. 1 BTC @ 1 sat = 100 million XMR, more than exist.
Yes, I had a brain fart and switched buy/sell sides. I don't use Trex, was just checking out the volume there and mind went boom.
Silly policy indeed. All Shapeshift txs are transparent. Besides, what's the use of blacklisting? They can switch over to other addresses and they can bypass Shapeshift. An honest way is to sting the addresses. Take their money and hand it over to authorities.
lol. BCH states under their 'benefits' page, that Bitcoin Cash is fungible. Do other coins that are not fungible, also claim to have fungibility?
Everything that is not Monero, including scams like Dash and Zcash.
I think people got the game theory of BCH vs BTC completely wrong. Does Smooth agree with my statement here?:
You are correct. Random noobs on this forum INCORRECTLY stated that the only valid game theory path was to dump BCH (think it was derived from some nonsense Szabo said). He made the error of assuming you're required to keep one token at all. The real optimal path is to dump both of them in event of rough consensus attack, meaning what's going on right now. If you refuse to dump both for whatever reason, then the optimal path to try and minimize loss would just be to hold all of them.
I like to consider my hedl BCH as an insurance on the unlikely black swan of BTC losing value as the real chain.
You are correct. Random noobs on this forum INCORRECTLY stated that the only valid game theory path was to dump BCH (think it was derived from some nonsense Szabo said). He made the error of assuming you're required to keep one token at all. The real optimal path is to dump both of them in event of rough consensus attack, meaning what's going on right now. If you refuse to dump both for whatever reason, then the optimal path to try and minimize loss would just be to hold all of them.
+1 --> same here
I also believe that XMR will have a better adoption and use case as BTC. If you look at the xmr.to wallet, which is slightly modified, after you made the broadcast, 3 seconds later you see the payment on their modified wallet. If you try to pay a pizza at your local store with BTC you have to wait until your payment is accepted by a block out ot of the mempool. Last time i did that, i had to wait 1¹/² hours to get one confirmation. If i make a payment with Monero, it takes me like 3 minutes for the first confirmation. I would urge the DEV team to talk to the guys from xmr.to and pickup their modified code for the broadcast check, than you are faster than master card and that's a use case!!!
But Monero isn't about that, otherwise ETH or even DOGE would be just as "useful". Who sells pizza for Monero yet? Monero's last price jump was because of dark market use... I'm actually wondering why it didn't drop when the biggest ones were caught last month.
Well, if BTC doesn't get their transactions cleared faster, it will never be suitable for micropayments. Monero has no problem with that, so that is a reason and a use case
Just wait until the auction for the 11k Monero from alpha bay get's in the sell off
Wouldn`t it be pretty ironic if the authorities sell them in an auction?
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