Topic: [XMR] Monero Speculation - page 964. (Read 3314350 times)

It's a good time to buy altcoins now because the price increase of bitcoin will not last, if it will reach by $700, it will be stable at that range and you can sell then your altcoins for better profit.. Both XMR and ETH are better investment now for a short term. Guaranteed money dude!

You might be right. It is happening now. Most altcoins have dropped price relative to the bitcoin, quite a lot.

Btc will rape the altcoins in November..... Prepare for carnage if you are not in btc and holding some worthless alts when btc breaks the last ATH and STAYS up there!

Bitcoin is now Pump that have a certain amount of drain at a higher price in November will drop to 400-500$ and maybe less altcoins the rest will go to the mountain.

Why not big old fat, transparent and very slow BTC ?

I think that Brexit can explode demand to Monero.

Jaxx - Monero Integration Update - by Anthony Di Iorio

https://www.reddit.com/r/Monero/comments/59eef5/jaxx_monero_integration_update/

This is a real life example as to why I got involved in Monero in 2014 and I why I currently only hold a nominal amount of XBT. My holdings are almost entirely XMR and CAD. The blocksize issue in Bitcoin is highly relevant to Monero because none of the proposed solutions to this issue in Bitcoin actually work when one considers the related problem of how Bitcoin is to be secured once the block reward runs out.

The reason the adaptive blocksize limit actually works in Monero is because Monero has a tail emissino. This frees the fees from the requirement to have to secure the coin "when the emission runs out", since by design the emission in Monero does not run out.  In Monero the fee market is then used to drive the adaptive blocksize.

There are two critical lessons here:
1) In order to properly address the blocksize issue in Bitcoin, one has to violate a critical social convent in Bitcoin; namely the 21 million XBT limit. If someone has a solution to prove me wrong, I would like to see it. I have been looking for such a solution since 2012 to no avail.
2) The vast majority of POW crypto currencies have made the same mistake. This by the way includes the latest object of anticipation namely ZCash. The other model Ethereum with its fixed fees in the protocol also fails for a different set of reasons.

Both the real world examples of clubs and buses above have another solution. So instead of bribing the bouncer or waiting in line one opens another club to meet the demand. As for a real world example I suggest the Verger by W. Somerset Maugham. http://www.sinden.org/verger.html. This was set in post war Britain in the late 1940's before the vast majority of the members of this forum were even born, and deals with a product that is now fast becoming obsolete. The message is however as valid today as when it was written. Identify a real need in the marketplace, and start a business to meet that need. Chances are that you will succeed even if the odds appear really stacked against you.

Edit: There is a good chance that the bank in the story was using punched cards and tabulating machines to keep track of the 30,000 GBP on deposit. This is also related but in a different way to the blocksize debate.

Strength here could indicate a short term bottom as we are also resting on previous highs

As predicted 0.007 coming... prob next week

@ kurious lol, thanks for that !!  
FWIW I was not mad last night, and am not now. It is what it is ... a protocol problem.

Funnily enough as I went to be last night I was thinking how an animated infomercial pretty much identical to your gif would be a great way to educate people on the differences in the way things work between XMR and BTC.
It's a great way for people to visualise the differences. The right person would have whole lot of fun making that! There are so many other angles to come in on too. I can visualise it as almost a parody.

FWIW, tx still stuck - wondering if there is actually a spam attack on BTC going on with fees being paid rather than a dust attack.
Mempool now @ 25MB, fees @ 10.3 BTC ... pretty cheap attack, especilly if half of those end up being returned anyway.
Rinse,repeat ...

Lol - fair/unfair are not words I apply to life. No bubble to burst. I don't recall using the word other than to say it was not about that.
Your analogy does not work, unless you are asking if I have ever paid a bouncer to get into a club and deny entry to  someone else who has aleady booked a place. I wouldn't do it ... maybe you would
But as you say this is the XMR thread, so lets end it, even though it is entirely relevant to why people should be looking closer at XMR and its adaptive blocksize.

All I will say is XMR does not suffer from this problem as it simply makes a bigger club to accommodate the extra people. Let's just say I prefer that world

EDIT: Going to bed now knowing I probably won't be able to travel until some random time tomorrow at best or for another 20 hours when the bus company returns my money enabling me to buy another ticket. How convenient  
Might check out where I can sign up for their customer loyalty scheme first  
Or maybe look for another bus company ...

Ever paid a bouncer at a club to skip waiting in line?  Or to get into a club when it was full?

If you think life is fair I'm not going to burst your bubble.  Anyway, its a Monero thread not Bitcoin....  Plenty of threads discussing Bitcoin blocksize issues.

LMAO ... and you really think BTC will succeed with this ethos ? We are not talking about spam tx's here with insufficient fees, we are talking about people who paid the going rate. If you can't see the problem with that you are living very close to a river in Egypt

It's not about fair/unfair, it's about success/failure

And please, give me a real life example of life working like this ... (outside of BTC lol)

Thats how a lot of things work in the world, it ain't fair but neither is life.

This reminds me of early 2013 when I was looking at BTC price of $92 considering whether to buy or wait for further falls..... (This was after $266 ATH, drop to $50, rise to $120ish again... then dropping sub $100 around August.... etc... )

If you have to play 'guess the fee' just to get a transaction confirmed on the network, BTC ain't going to 3000 any time soon, and people will switch to more efficient networks. Just give it time ...

Thank you BTC Core


Please see the edit to my previous post re this (https://bitcointalksearch.org/topic/m.16682623).
The problem is happening right now, and it's hard to see BTC 'mooning' in this scenario IMO.

2 hours, no confirmations, on a high priority tx ... 20 MB mempool, blocks full. There is simply no room for people to get in even if they want to
Sorry to make this a block size thing, as you say, it is the XMR thread, but I am waiting now > 2 hours for my BTC funds to confirm and buy some more XMR lol

And at the end of the day, it is relevant, AS XMR DOES NOT HAVE THIS PROBLEM

This just cost me money ... how long til other people experience the same thing and get 'turned off' BTC ... the sooner the better for XMR

C'mon, what sort of 'money' allows you to pay to jump a queue of people who have paid a fair and reasonable  advertised price at the time of joining said queue, but watching what they have paid and paying more?
It's like getting thown off a full bus you are sitting on after buying a ticket at the advertised price because the transporter sees it is full and revokes passage as others will pay more and gives them priority. In real life that would casue a riot ...

That is bullshit. That is BTC in it's current incarnation.

"Yeh, I know you bought  ticket for now cos you need to travel now, but sorry the bus is full and this guy will to pay more so you gotta get off. You might be able to travel at some random time in a few hours or more if nobody else shows up flashing cash, otherwise we will refund you in 24 hours and you will have to rebook at whatever the price is then. Sorry for any convenience, it's just how it works"

My stance would be that while BTC goes up to say, 3000 us$ at end of 2017, and money will 'trickle down' into XMR to say, 100 us$ end of 2017. I think these are reasonable guesses.
But realize, that this means that BTC will go x5 , and XMR will go x20 relative to the dollar.

I think the days of US terrorizing other nations in order to retain the petro dollar are coming to an end.  Russia and China have simply had enough of this state sponsored terrorism and exploitation of weaker nations.  

The blocksize debate is an issue but I'm confident that it will be resolved.  The parties involved have too much at stake both financially and ideologically to let Bitcoin fail.  Besides, I'm not saying Bitcoin will replace petro dollar for sure, I simply posit that its a possibility and what the realization of that possibility would mean.  In addition I don't think the amount of transactions added to the blockchain should Oil become traded in Bitcoins would be that astronomical.  We are talking about huge payments and settlements but not necessarily executed with high frequency.

Anyway, this is the Monero spec thread not Bitcoin and geopolitics.....