[XMR] Monero Speculation - page 948.

obit33

sr. member

Activity: 514

Merit: 258

Quote from: dEBRUYNE on November 08, 2016, 09:30:49 AM

Quote from: obit33 on November 08, 2016, 09:21:44 AM

Quote from: bobabouey2 on November 08, 2016, 09:07:44 AM

Quote from: bitebits on November 08, 2016, 01:36:26 AM

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.

I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

you forgot the /s tag, right?

No, they are serious about this proposal. See:

https://www.youtube.com/watch?v=P6RLjcGVUnw&feature=youtu.be&t=29m00s

&

http://weuse.cash/2016/10/28/the-untrusted-setup/ (under "Chain rollbacks")

What? damn, mindblown here...

This is a techno-geek speaking without any understandig of monetary theory/economics...

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: obit33 on November 08, 2016, 09:21:44 AM

Quote from: bobabouey2 on November 08, 2016, 09:07:44 AM

Quote from: bitebits on November 08, 2016, 01:36:26 AM

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.

I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

you forgot the /s tag, right?

No, they are serious about this proposal. See:

https://www.youtube.com/watch?v=P6RLjcGVUnw&feature=youtu.be&t=29m00s

&

http://weuse.cash/2016/10/28/the-untrusted-setup/ (under "Chain rollbacks")

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: bobabouey2 on November 08, 2016, 09:07:44 AM

Quote from: bitebits on November 08, 2016, 01:36:26 AM

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.

I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

FWIW, if the trusted setup fails, privacy is apparently not compromised. The "only" problem is that anyone who possesses the toxic waste from the trusted setup could create infinite coins for nothing. And, no-one would know about that supply. Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

It isn't compromised until the exploit is used. However, after the exploit is used the attacker could comprise privacy too. See this article (under "Sybil zk-proof attack") for a more extensive explanation:

http://weuse.cash/2016/10/28/the-untrusted-setup/

Dafar

legendary

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Merit: 1000

dafar consulting

Quote from: nioc on November 07, 2016, 09:08:27 PM

Quote from: Dafar on November 07, 2016, 04:01:28 PM

Quote from: Shiroslullaby on November 07, 2016, 03:46:08 PM

Well I'm glad to see Monero up a bit.
Maybe people are starting to realize Zcash won't totally kill the market and that Monero is a solid technology?

Maybe it's painfully obvious that if you go back to the same levels BEFORE the pump even started -- 0.06/btc -- a price that was steady when there were NO DNM's using Monero.... it's probably a sign that XMR has been oversold and this is probably a good entry point.

RingCT and GUI is still yet to be released, as far as I know. There is plenty of room for growth from here. The market can still be irrational and re-visit 0.06 or even dip down to 0.04 as BTC keeps looking hella bullish. But for long term 0.06-0.08 is solid imo.

It also helps that Zcash is turning out to be a disaster... what kind of idiot would support a coin where founders get 20% of all supply lmao. RingCT essentially gives Monero the same features as Zcash

I think you are missing a zero just to the right of the decimal.

Monero opened this year @ 0.001142 so we are up ~715% since then vs btc and btc is up ~62% vs USD so......hold on I have to take off my shoes.

And no the pump started before 0.006, around 0.00420 Grin

and there was obvious upwards pressure before the pump.

I can say what has happened but as far as what will happen I can say little except............overall up over the long term, unlike almost every coin.

I was missing a 0, whoops!

Regardless, 0.006 is a good buy for long term. Right now at 0.0086 I'm not sure since we are still in a bear market... sharp rises should be looked at with caution.

Quote from: iCEBREAKER on November 07, 2016, 10:56:01 PM

Quote from: Dafar on November 07, 2016, 04:01:28 PM

what kind of idiot would support a coin where founders get 20% of all supply lmao.

https://bitcointalk.org/index.php?topic=421615.0;topicseen

Lol! Good one

I can't stand Dash and their shady smear campaigns

obit33

sr. member

Activity: 514

Merit: 258

Quote from: bobabouey2 on November 08, 2016, 09:07:44 AM

Quote from: bitebits on November 08, 2016, 01:36:26 AM

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.

I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

you forgot the /s tag, right?

bobabouey2

sr. member

Activity: 248

Merit: 250

Buy orders back above 3,000 on Poloniex for the first time in a while...

bobabouey2

sr. member

Activity: 248

Merit: 250

Quote from: bitebits on November 08, 2016, 01:36:26 AM

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.

I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

FWIW, if the trusted setup fails, privacy is apparently not compromised. The "only" problem is that anyone who possesses the toxic waste from the trusted setup could create infinite coins for nothing. And, no-one would know about that supply. Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.

Bagatell

hero member

Activity: 722

Merit: 500

and the daily pSAR just flipped to bullish

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: rpietila on November 08, 2016, 07:34:04 AM

It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.

If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).

I don't usually consider shorting XMR but this is one of the rare occasions.

Shorting when we just broke out of the exponential downtrend of 2 months seems a bit unwise. In addition, the daily MACD flipped to green.

rpietila

donator

Activity: 1722

Merit: 1036

It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.

If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).

I don't usually consider shorting XMR but this is one of the rare occasions.

kurious

legendary

Activity: 2604

Merit: 1748

Volume is tasty....

We need to properly break 0.01 again to say the bear run is truly over, but this volume spike is very positive.

It does show that XMR can turn on a sixpence and any decent good news could be epic. I still think a new rise to the real heights will need patience. Variables are of course GUI and BTC.

Zcash threat looks to be have been weathered, though. It's looking a bit 'meh..' Monero doesn't care.

freedomgo

legendary

Activity: 3318

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Playbet.io - Crypto Casino and Sportsbook

I love what i am seeing now, we should be happy guys, monero is skyrocketing again.. I like the price to go again at 0.02 level. Any idea why is this happening now? Is it worth to buy again or wait?

hadung198

newbie

Activity: 2

Merit: 0

XMR go to the moon! Grin

bitebits

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Flippin' burgers since 1163.

Quote from: cryptimus prime on November 08, 2016, 01:44:41 AM

Quote from: LennyCarl on November 08, 2016, 12:05:18 AM

I would like to give a shout out to these prognosticators for predicting the "great capitulation". They convinced me to sell a few hundred moneros Sad

I trusted you, man! LOL

He said capitulation is coming, but not who will surrender. Tongue

It was pretty obvious that XMR would not fall below the prepump price.

Maybe Risto is becoming a good reverse indicator. More likely he is talking his book, and in that case you never know. So again the general rule applies to not take financial advice from internet strangers (or from anyone really if you ask me):

https://bitcointalksearch.org/topic/m.16608968

cryptimus prime

hero member

Activity: 493

Merit: 551

Quote from: LennyCarl on November 08, 2016, 12:05:18 AM

I would like to give a shout out to these prognosticators for predicting the "great capitulation". They convinced me to sell a few hundred moneros Sad

I trusted you, man! LOL

He said capitulation is coming, but not who will surrender. Tongue

It was pretty obvious that XMR would not fall below the prepump price.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.

I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: ArticMine on November 07, 2016, 10:34:37 PM

Quote from: sui_generis on November 07, 2016, 06:10:28 PM

...

I can't find a good answer on how much RAM Zcash requires for its anonymous transactions. Do you happen to know? Also, how bad is it as far as CPU usage? I've seen claims that Zcash can't be used on mobile devices due to these requirements.

According to the user guide 4 GB of Free RAM https://github.com/zcash/zcash/wiki/1.0-User-Guide. To allow for the OS and any other applications this means 6 GB RAM minimum 8 GB RAM or greater typical. So forget 32bit systems (desktop or mobile) including most phones, tablets etc. See also https://monero.stackexchange.com/questions/1112/monero-ram-requirements-compared-with-zcash and links therein.

Based on your post above that means zcash has a much more limited adoption ability when it comes to the end-user. Nice.

nanobrain

legendary

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Dumb broad

Quote from: LennyCarl on November 08, 2016, 12:05:18 AM

I would like to give a shout out to these prognosticators for predicting the "great capitulation". They convinced me to sell a few hundred moneros Sad

I trusted you, man! LOL

Oh well, let's see what tomorrow and rest of week brings (0.004x could still happen?)...hopefully I can buy them back close to where I sold them, at least.

Quote from: sparky999 on November 02, 2016, 08:23:03 AM

Quote from: kurious on November 02, 2016, 04:32:13 AM

Anyone care to speculate on price and this bear market...?

Risto flipped to 'maybe 0.004', Aminorex is sadly absent. We have seen bottoms below where I expected (I can't be alone in that), so it's tough for all of us who know Monero is sound and will rise again - but is all speculation dead while BTC looks this bullish?

Are we just waiting...?

My thoughts?:

I have said here and elsewhere that I can't see a serious rise for a while - probably not even until Spring.

But does anyone want to polish their crystal ball and take a guess at where the bottom is or even when stability will come... And will we hold value in USD terms even if BTC does moon...?

This is Monero Speculation, right? Wink

Anyone who thinks this is going anywhere right now other than to the 0.004x range is blind, stupid or both.

And,

Quote from: rpietila on November 06, 2016, 08:15:28 AM

I can't fight the feeling that we'll see the capitulation now.

Well my gut is not always correct but sometimes it is

I'd be surprised if this is a true reversal -- we haven't really tested a low with high volume yet.

However, XMR is way oversold and the fundamentals remain sound.

So.........?

When in doubt, do nowt (as they say in Yorkshire).

LennyCarl

full member

Activity: 176

Merit: 108

I would like to give a shout out to these prognosticators for predicting the "great capitulation". They convinced me to sell a few hundred moneros Sad

I trusted you, man! LOL

Oh well, let's see what tomorrow and rest of week brings (0.004x could still happen?)...hopefully I can buy them back close to where I sold them, at least.

Quote from: sparky999 on November 02, 2016, 08:23:03 AM

Quote from: kurious on November 02, 2016, 04:32:13 AM

Anyone care to speculate on price and this bear market...?

Risto flipped to 'maybe 0.004', Aminorex is sadly absent. We have seen bottoms below where I expected (I can't be alone in that), so it's tough for all of us who know Monero is sound and will rise again - but is all speculation dead while BTC looks this bullish?

Are we just waiting...?

My thoughts?:

I have said here and elsewhere that I can't see a serious rise for a while - probably not even until Spring.

But does anyone want to polish their crystal ball and take a guess at where the bottom is or even when stability will come... And will we hold value in USD terms even if BTC does moon...?

This is Monero Speculation, right? Wink

Anyone who thinks this is going anywhere right now other than to the 0.004x range is blind, stupid or both.

And,

Quote from: rpietila on November 06, 2016, 08:15:28 AM

I can't fight the feeling that we'll see the capitulation now.

Well my gut is not always correct but sometimes it is

Hueristic

legendary

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