Topic: [XMR] Monero Speculation - page 676. (Read 3314350 times)

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https://bitcointalksearch.org/topic/deleted-1958068

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Demurrage sounds like something that should be Hf'd in BTC but I can't see anything launched with such as being viable for the forseeable future unless it's funded by a institution, certainly not by community investors. Even if it gets ICO it would just pull a Zcrap and plummet.


BTW can you sum up LTC's positional change with segwitt. I bought some when it was announced and took some profit but made the mistake of shorting it last week as I feel the same about it's long term. I guess it's being held up by the fact that whats his name has left coinbase to Dev full time.

I'm ready ! If BTC don't decide what to do next we can probably see 100$ until fall

Wow! Very beautiful colored felt-tip pens 

Monero 4h: Break out ahead. 75 USD possible.

https://www.tradingview.com/chart/XMRUSDT/L0yBPPNV-Monero-4h-Break-out-ahead-75-USD-possible

SO entry and targets?

I agree with your analysis.  My position is planned to be short term.  I see this as a 2-3 month play.  I've already sold off enough to cover the original investment too.

https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/

"TITANIUM, which stands for Tools for the Investigation of Transactions in Underground Markets, is a three-year, €5 million ($5.5 million) project that will unite universities, private research firms and law enforcement agencies from the U.K., Germany, Spain, Austria, the Netherlands and Finland.

Project TITANIUM will develop tools and best practices for criminal investigations involving cryptocurrency in Europe, which, up to now, most law enforcement agencies have pursued on an ad-hoc basis.

The project plans to create forensic tools to spot clusters of addresses controlled by the same entity; identify mixers or tumbler addresses used for money laundering; crawl the webs, both clear and dark; and automate information gathering about illegal activities."


In the next few years I see privacy as being one of the major selling points for alternatives to Bitcoin.
(Unless Confidential Transactions are integrated into the Bitcoin Core code.)
Monero doesn't rely on any master nodes (which is a liability IMO) and already has exposure with people looking for privacy.
As people realize bitcoin mixing is not keeping them anonymous (in fact it may be doing the opposite) we should see a LOT of vendors on the clearnet and darknet continue to adopt payment in XMR.
If you don't own any Monero, buy a few coins or you may well regret it.

I do not believe this solves the problem. If the hashrate that is trying to solve the greater difficulty block is diverted away from solving the regular blocks then the remaining miners have a higher probability of solving a block. It seems to me that this then becomes equivalent to a coinbase penalty where the penalty coins instead of burned are transfered to the remaining miners. So again we have a "Monero like" penalty that is weaker than the penalty in Monero.

Edit 1: The failure occurs because the fees are required to replace the block reward so they cannot perform the additional duty of regulating the blocksize. As long as there is a block reward and consequently a difficulty to increase these kind of ideas can work, but what happens when the block rewards tends to zero?

Edit 2: I should point out that demurrage as in Freicoin http://freico.in/ could be used to generate a minimum block reward while maintaining  a fixed number of coins and that would work. Demurrage could work for side chains.

ArticMine, what do you think of proposals to have a dynamic block size for Bitcoin where rather than a coinbase penalty, a miner must solve a block of greater difficulty to increase the block size?

When it comes to Litecoin I cannot agree. Over the short term yes Litecoin could do very well if Bitcoin seizes up even more due to the 1 MB blocksize limit; however from the long term fundamental point of view Litecoin has the same issue as Bitcoin. Think Bitcoin with a 4 MB blocksize limit. This only kicks the can down the road.

At the heart of Bitcoin's scaling issue lies the 21,000,000 Bitcoin limit and the falling block reward. This creates the need of a "fee market" to replace the block rewards as a means of providing a mining incentive to secure the proof of work. This is fundamentally incompatible with scaling the blocksize. A good way to understand this is to look at how Monero scales the blocksize. Monero imposes a penalty on the miner which is proportional to the block reward. A rational miner will require that this penalty be compensated by the transaction fees paid by the transactions in the block. This effectively makes the total amount of fees paid per block proportional to the block reward. Monero's fees per KB are proportional  blockreward/(effective median blocksize) for this reason. The net result is that if the block reward falls to zero so will the total amount of fees per block, leaving the coin vulnerable to a 51% attack. Monero addresses this issue by not allowing the blockreward to fall to zero with a minimum 0.6 XMR block reward per block, the "tail emission".

If one considers proposals to scale Bitcoin such as Bitcoin unlimited for example they impose much less severe penalties to increase the blocksize than what Monero does. The net result is that fees will to zero even faster than the block reward so the problem becomes even worse.

So where does this leave Litecoin? Unless the Litecoin community is prepared to increase the 84,000,000 Litecoin limit I fail to see how Litecoin will solve Bitcoin's problems over the long term.

Edit: Dash has the same fundamental issue here on top of a host of other issues, so does ZCash. Dogecoin does not since it has a permanent blockreward.

I agree with this.  A few weeks ago I took out (to my surprise) my first real position in Litecoin as I see it as having a new potential for use cases it did not have for years.

I did not, however reduce my tiny XMR position.

I do think there's a good chance that that will happen, as it seems that Litecoin and Monero are both stable and at a decent price; so they'd make a good hedge against volatility.

I would suggest to not sell it, but spend it in the future.
Remember that the main goal of Monero or even Bitcoin is to become a worldwide currency for humankind in the future.  

Glad to hear that, a little free advertising is nice. Monero has the tech, now it just needs to have the word spread.

That's a good news. Definetely a hard wallet is something that is needed.
Personally I am a big fan of my nice white Trezor and if some other company will announce a Monero hardware wallet, I will definitely get one (assuming it is a reliable one).

It has been nice to observe that yesterday and today when many coins have been declining xmr has declined less and occasionally has even been increasing. Usually it has been other way around.

The XMR/XBT price has also been many times tested on 0.02 And now it is unwilling to go much below it.
http://coinmarketcap.com/currencies/monero/

Hopyfully xmr will break above it.

The volume of XMR is still very crappy. 10M-15M USD while other top ten coins volumes are measured in 100M USD or even 1B USD. Just try to imagine what could happen to XMR price if volume got even little closer to the volumes other coins.

The number of active XMR nodes is however slighly dropped. It has been two weeks about 1100 nodes but at the moments it is 900 nodes. Is there any chart of historical number of active nodes?

Is there news when getmonero.org site will be shined. It is under work I guess. And what about Jaxx and Exodus wallets. Are they going to integrade XMR also? And when? Exodus at least is talking about anonymity and privacy in their video. Starting at 0:41.
https://vimeo.com/173977060

It would be great if XBT 1 august hassle would make some investors to find XMR as a safe coin.

You guys are keep on falling on his trick and disusing his favorite coin he is shilling here for years.  i really dont understand you.

I wouldn't say DASH is a dead coin. The developers may be shady (and that's not to even mention the instamine), but I think the coin itself has some decent technology backing it. And based on the recent increase in price I can tell you there's still a market for it.

Do you guys have a good link to follow this? I don't spend time in the BTC threads. Last time I converted to fiat because of a expected BTC fall the Alpha bay hit! And the next time I did it Japan recognized VC's so I'd hate to be Zero for 3!!! Years of holding XMR and miss every increase, DOH!