Topic: [XMR] Monero Speculation - page 811. (Read 3314350 times)
I noticed a certain pattern Dash 90$ Ethereum 45$ Monero 22$
More Monero volume on Polo than Dash....
Price is nice - and if rangedriver is right, well - who needs marketing, rather than superior tech?
Price is nice - and if rangedriver is right, well - who needs marketing, rather than superior tech?
Monero is the market leader, just look at the blockchain usage
Yes, well my theory about what may really be going on with this epic DashPump (outlined above) comes down to IF they can pull this off and artificially stimulate merchant adoption, giving Dashers new places to actually spend their coins, BEFORE the pumpers run out of fuel...? They MAY be able to create the illusion of success long enough to transition into actually becoming bitcoin's replacement (assuming BTC continues to bang its head against the wall stagnating on the blocksize issue and BTC transactions keep getting slower and slower and more and more expensive, long enough to let something else take over).
IF this happens (latter part of paragraph above) it may mean that *yes*, Dash is worse technology than superior Monero, but it's still just a little bit better, enough, than Bitcoin... to take over BTC's role for people who don't really care about fungibility (privacy).
It doesn't affect Monero really as XMR being real fungible private anonymous *digital cash* will take it's rightful place in that role whether or not BTC or DASH is the non-fungible open blockchain transparent coin option. Obviously I'd personally prefer to see XMR take over the role of BOTH things but that will depend on the average man on the street starting to actually care about his privacy, and that seems to be a tall order.
ANYWAY... bottom line, for me? I want to VERY CAREFULLY WATCH AND TRACK the actual increase (possible?) of real Dash transactions... to detect if they're pulling this off successfully or not *before* the fake PUMP will lose fuel and dump back to where it started.
If their attempt works and actual transactions start happening (I have a small suspicion this ploy may actually succeed, even given low odds) then it will make sense to re-buy back into Dash (ugh!) as my crypto portfolio needs to be properly hedged against BTC's possible failure... even buy-in again at these inflated prices of $50 to $100 per coin -- IF it turns out that the DashMaster's ploy here will be successful. If that happens, and bitcoin dies, and Dash starts replacing real BTC transactions in actual use by normal people, well... then $500+ per Dash coin isn't out of the question.
OTOH if their ploy fails? If actual transactions don't start happening? Well, then this was just a failed Epic Hail Mary Pass play and the fake DashPump bubble will crash down again to ten or twenty bucks a coin and we all will be just happy to have stayed out of the fray at all.
Comments? Whatta you guys think?
And WHERE is the best place/way to monitor actual increasing Dash real world transactions IF it starts happening...?
P.S. {Edit} As just one recent example I've seen, where I've become concerned that this ploy may actually have a chance to succeed my favorite bitcoin online casino site www.bitcoinvideocasino.com recently unveiled, wait for it, www.dashvideocasino.com
AND they've said they have plans for several other altcoin specific sites including www.monerovideocasino.com but -- here's the thing -- they've started already with DASH.
So, this is concerning. They did Dash first, and they did it pretty fast.
IF this kind of thing starts happening much more then, yes, maybe the DashMasters could actually have a shot at this Hail Mary Pass being successful (low odds, but still a shot...)
Furthermore, this market adoption, while interesting, is minor and will continue to be so until DASH finally runs out of steam, which it will do even if it remains a genuine competitor to Bitcoin. Monero is comparatively stronger and its growth healthier.
img snip
As above.
Do you have a link to rangedrivers original chart post?
As above.
thx but I mean the actual post.
Not much more helpful.
https://bitcointalksearch.org/topic/m.16608707
Do you have a link to rangedrivers original chart post?
As above.
thx but I mean the actual post.
Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.
You think coinbase LIKES IT that they have to appease regulators and bureaucrats? Or they're doing it because they unfortunately HAVE to do it to stay in business?
All that shit they do has a definite COST to them, i.e. it's expensive to gain a new customer: do you think they are happy when they *have to* deliberately throw away a customer's account for no real reason?
IMHO seems to me that coinbase may internally just LOVE Monero now, precisely because it's gonna give them a natural way to be easily able to STOP DOING all that shit (at least for XMR transactions, if not Bitcoin/Ether going forward).
With Monero, they can say, "Oh, yeah sure guys, we would just love to keep tracking all this stuff for y'all but
Don't forget that they are fighting in court the blanket request they received for everyone's transaction and personal data. BTW does anyone know how that is going?
Not being able to track does not absolve them of KYC.
If you show up to your bank with a pile of untraceable cash, they still need to do diligence to make sure the source is legitimate. Instead of blockchain analysis, they do things like asking for the source, validating through tax returns, trading records and other documents.
For example, think of all the customers of Coinbase who pull coins out to cold storage. When you pull them back in, it is a simple matter of checking the blockchain to see that they came from Coinbase and are now returning. Diligence is pretty easy. With Monero, isn't it a black box?
And I think optics for tax case are terrible - IRS will say to court "Look, they just made it even easier to hide assets!"
I don't think they will list it for those reasons. If they do, I think it will come with extreme KYC which will discourage it from being a big market.
But I'll be happy if I'm wrong!
I'm not sure why your trying to explain common knowledge to me, could you try to answer the question I actually asked?
Not being able to track does not absolve them of KYC.
You're right and they'll still do the same KYC which is already more than most banks do. And your bank example is correct so all coinbase has to do to be in compliance at the same or greater level of the banks is track ONE HOP of the transactions coming into or going out of their site.
Do banks need to follow dollar bills as they go to the third or fourth person down the line? Can they do that? Nope. And that's what coinbase is doing already with bitcoin transactions (and it's excessive and not reasonable, and they just need a good reason why they need to STOP doing it. Monero provides that reason).
And I think optics for tax case are terrible - IRS will say to court "Look, they just made it even easier to hide assets!"
Coinbase is doing nothing of the sort, it's just how Monero works and they can't help it. ADDING MONERO to their services is simply keeping up with the competition and being part of the industry. Their major competitor KRAKEN already supports Monero so Coinbase is just doing it too, to just keep up as every company must.
But, yes, sure you're right and nobody knows what will happen. We'll see soon enough.
In any case coinbase has said very clearly they're gonna add more currencies and given Charlie's tweets about Dash I think we can pretty safely say it won't be them, LOL
Maybe coinbase will surprise everyone and add Dogecoin LOL
Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.
You think coinbase LIKES IT that they have to appease regulators and bureaucrats? Or they're doing it because they unfortunately HAVE to do it to stay in business?
All that shit they do has a definite COST to them, i.e. it's expensive to gain a new customer: do you think they are happy when they *have to* deliberately throw away a customer's account for no real reason?
IMHO seems to me that coinbase may internally just LOVE Monero now, precisely because it's gonna give them a natural way to be easily able to STOP DOING all that shit (at least for XMR transactions, if not Bitcoin/Ether going forward).
With Monero, they can say, "Oh, yeah sure guys, we would just love to keep tracking all this stuff for y'all but
Don't forget that they are fighting in court the blanket request they received for everyone's transaction and personal data. BTW does anyone know how that is going?
Not being able to track does not absolve them of KYC.
If you show up to your bank with a pile of untraceable cash, they still need to do diligence to make sure the source is legitimate. Instead of blockchain analysis, they do things like asking for the source, validating through tax returns, trading records and other documents.
For example, think of all the customers of Coinbase who pull coins out to cold storage. When you pull them back in, it is a simple matter of checking the blockchain to see that they came from Coinbase and are now returning. Diligence is pretty easy. With Monero, isn't it a black box?
And I think optics for tax case are terrible - IRS will say to court "Look, they just made it even easier to hide assets!"
I don't think they will list it for those reasons. If they do, I think it will come with extreme KYC which will discourage it from being a big market.
But I'll be happy if I'm wrong!
Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.
You think coinbase LIKES IT that they have to appease regulators and bureaucrats? Or they're doing it because they unfortunately HAVE to do it to stay in business?
All that shit they do has a definite COST to them, i.e. it's expensive to gain a new customer: do you think they are happy when they *have to* deliberately throw away a customer's account for no real reason?
IMHO seems to me that coinbase may internally just LOVE Monero now, precisely because it's gonna give them a natural way to be easily able to STOP DOING all that shit (at least for XMR transactions, if not Bitcoin/Ether going forward).
With Monero, they can say, "Oh, yeah sure guys, we would just love to keep tracking all this stuff for y'all but
I'm sure they were aware, from the beginning, of the difficulties in running a cryptocurrency exchange in the USA.
Soon I doubt that there will be a single digital coin that doesn't promote at least some minimal level of privacy and anonymity. So it's not a matter of "if", but "when" exchanges and also governments will admit that it is completely normal that absolutely everything on the internet - pics, videos, audio, files and literally all kind of data - will be encrypted to a level of an impossible brute force decryption. And this is completely normal to include the digital currencies too. If you don't want to show what you have used the currency for - than you have the option to hide the transaction. Monero is the best tool for this. Hiding transactions from eyes different from yours doesn't mean that you are trying to throw out the government. Maybe you bought a car that you like and you don't want anyone to know the price (like your wife... just an example).
Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.
You think coinbase LIKES IT that they have to appease regulators and bureaucrats? Or they're doing it because they unfortunately HAVE to do it to stay in business?
All that shit they do has a definite COST to them, i.e. it's expensive to gain a new customer: do you think they are happy when they *have to* deliberately throw away a customer's account for no real reason?
IMHO seems to me that coinbase may internally just LOVE Monero now, precisely because it's gonna give them a natural way to be easily able to STOP DOING all that shit (at least for XMR transactions, if not Bitcoin/Ether going forward).
With Monero, they can say, "Oh, yeah sure guys, we would just love to keep tracking all this stuff for y'all but
Don't forget that they are fighting in court the blanket request they received for everyone's transaction and personal data. BTW does anyone know how that is going?
Really thought the BTC ETF would double my BTC in maybe a month or so. Instead XMR did it in 6 days?? I said my target was .0225 the other day, but that seems like a given now. Wonder how many more folks will hedge with Monero? The longer I hedge, the more I read the forums, and my interest grows. Clever marketing boyz 
Knock knock: .0225
Well come in and make yourself at home.
What a lovely chart to wake upto this morning. Rangedriver was on the money yet again, think TC should have taken his bet
Do you have a link to rangedrivers original chart post?
...
Monero is the ultimate secure storage of value. It cannot be revealed, seized, tampered or dealt with in any way. The network is fully decentralized and cannot be stopped. For everything else, dash/pivx is a good value proposition.
Monero is the ultimate secure storage of value. It cannot be revealed, seized, tampered or dealt with in any way. The network is fully decentralized and cannot be stopped. For everything else, dash/pivx is a good value proposition.
Unfortunately this is not true, all that can happen at any hardfork. That being said, the only way I see this happening is if for instance when a protocol is changed something is slipped in there and yes bugs have slipped through so there is no reason to think malicious code cannot. The code may be open sourced but it's documentation is still beyond most. I still haven't seen a flowchart or a simple variable list. Of course I don't check that often but if they exist now can someone link me? I have also found it impossible to get from the Devs the conversations that led to protocol changes and the vetting of those before implementation, case in point rpc changes and I warned about that layers point of attack years ago and guess what I was right.
Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.
You think coinbase LIKES IT that they have to appease regulators and bureaucrats? Or they're doing it because they unfortunately HAVE to do it to stay in business?
All that shit they do has a definite COST to them, i.e. it's expensive to gain a new customer: do you think they are happy when they *have to* deliberately throw away a customer's account for no real reason?
IMHO seems to me that coinbase may internally just LOVE Monero now, precisely because it's gonna give them a natural way to be easily able to STOP DOING all that shit (at least for XMR transactions, if not Bitcoin/Ether going forward).
With Monero, they can say, "Oh, yeah sure guys, we would just love to keep tracking all this stuff for y'all but
Looks like the Polo trading engine fucked up. Affected all the markets.
Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.
We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.
From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.
Target is still 0.036+.
While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...
Monero is the market leader, just look at the blockchain usage
Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.
Have you got completely crazy? Monero is literally just about to be added to Coinbase and you randomly decide to dump 100K? lol
You realise Dash will never be on Coinbase right?
Coinbase is getting fucked by regulation anyway.
It's true. Many people, including myself, have had their coinbase accounts shut down with no explanation given. The implication seems to be that we sent or received BTC that were "tainted" at some point.
Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.
You realise Dash will never be on Coinbase right?
Coinbase is getting fucked by regulation anyway.
Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.
unfortunately Dark coin isn't used for anything...
except an atm for duffield and the other instaminers...
https://twitter.com/ARKblockchain/status/834841078234767360
real world usage went nowhere since inception...
in the meantime xmr has real world utility, it's the preferred coin by anyone who wants privacy/security/anonimity...
While you might be right Dark coin (I am glad you are using the right term - the most of the old timers remembers this as Dark coin) has very limited real life use cases, Monero is not that much ahead if only in just a fraction of DNM transactions Monero is used. The adaption can be easily overcome, just like it is still quite easy to get larger market cap than bitcoin (after all, it is only 20 billion which is just the smallest tiny bit peanuts when we speak about the market cap of the currencies).
Dark coin is anonymous as well at least in some degree. Now the question is, is it anonymous enough for the most people... At least it is marketed as user friendly for average Joes. I bet for the majority of the people Dark coin probably is anonymous enough. Sure it might be possible for some hard core hacker to crack it... But the super anonymity is needed when super anonymity is needed. If I buy gold from bitgild (or whatever is the name of the gold dealer that accepts Dark coins) I may not need super anonymous transaction but certainly I am not willing to reveal my funds to the dealer either, just for the sake of comfort.
In my opinion, when it comes to developing, Monero should be heading towards user friendliness little by little so that others than DNM can easily adapt it... The bullish price trend is good enough for marketing in my opinion... Hype is not needed as long as the price is in bullish trend and the bag holders have the incentive to hype it and preach it to their network. Bearish coin is, well, depressing to preach and besides that, it is the bullishness that attracts new people into crypto (after all, it is a bit unconventional to first earn your salary in fiat money, then pay fees to trade it into crypto currencies and then spend the crypto in your favorite use cases).
Looks like the Polo trading engine fucked up. Affected all the markets.
Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.
We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.
From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.
Target is still 0.036+.
While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...
Monero is the market leader, just look at the blockchain usage
Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.
Have you got completely crazy? Monero is literally just about to be added to Coinbase and you randomly decide to dump 100K? lol
You realise Dash will never be on Coinbase right?
Coinbase is getting fucked by regulation anyway.
I don't know why people get so intimidated by Dashs pump, given it's a big pump but that's what cryptos do. It's a good thing Monero is not growing that fast, that just leads to the inevitable dump. Monero is growing at a perfect pace.
No way that Dash is going to replace Bitcoin, it's probably going to replace Auroracoin.
http://kernelmag.dailydot.com/issue-sections/features-issue-sections/11331/auroracoin-history-failure/
No way that Dash is going to replace Bitcoin, it's probably going to replace Auroracoin.
http://kernelmag.dailydot.com/issue-sections/features-issue-sections/11331/auroracoin-history-failure/
Re: Rumours That Dash Will Kill Bitcoin
Since everyone else is too lazy to do this, I will:
Since everyone else is too lazy to do this, I will:
| Bitcoin | Dash | |
| Controlled by a decentralized blockchain | ✔ (coming centralized) | ✘ |
| Distributed worldwide nodes controlling network (distributed ≠ decentralized) | ✔ | ✔ |
| Protocol doesn't pay the money supply to insiders | ✔ | ✘ |
| Doesn't require corrupt lie of governance (democracy is always a power vacuum) | ✔ | ✘ |
| Doesn't have Two-tied network corruption (c.f. prior 2 line items) | ✔ | ✘ |
| Doesn't have steal funding from the money supply (c.f. prior 3 line items) | ✔ | ✘ |
| Scalable, secure subsecond payments (5 seconds much too slow for interactivity needed for microtransactions) | ✘ | ✘ |
| Technically sound anonymity | ✘ | ✘ |
While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...
I hope there can be 2 anonymous coins but I am afraid there cannot be...
so bored hearing the same old horseshit coming out your mouth. Seeing as your such a dash fanboy now and believe that dash is replacing xmr as the market leader in anonymous currencies - even though we all know that dash is not anonymous and is flawed on multiple levels, why dont you sell your xmr if you have any and just STFU.
maybe we can have a collection of donations to pay you to never post in this forum again like was done with NrG.
Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.
unfortunately Dark coin isn't used for anything...
except an atm for duffield and the other instaminers...
https://twitter.com/ARKblockchain/status/834841078234767360
real world usage went nowhere since inception...
in the meantime xmr has real world utility, it's the preferred coin by anyone who wants privacy/security/anonimity...
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