Topic: [XMR] Monero Speculation - page 970. (Read 3314350 times)

In my opinion, using XMR.to is just as simple. Furthermore, with XMR.to you preserve the privacy features Monero offers (i.e. unlinkability and untraceability), whereas paying directly with BTC will make your payment traceable and linkable.

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@24Kilo: These year in reviews provide a nice summary of what happened in the last two years.

https://getmonero.org/2015/01/05/monero-missive-2014-year-in-review.html

https://getmonero.org/2016/02/10/monero-missive-2015-year-in-review.html

A lot has happened in 2016 too. Unfortunately, there is no concise write up about this yet. However, you can look at the top threads / stories on reddit to get a bit of the picture:

https://www.reddit.com/r/Monero/top/?sort=top&t=year

thsminer! Great to hear from you!!! I still have quite a stash of 'Other Coins', albeit I sold quite a nice chunk this past week, taking a very tidy profit thanks to Fuse getting in contact with me and telling me to get off my bum!!! Check out Slack, I posted to there this week about my current status.

Thanks to everyone else for the advise and comments. I especially like the sound of being able to buy gold with XMR. What I really want to see from XMR is stability with enough volume and volatility to be able to buy and sell substantial sums of XMR when needed as I want to use XMR just I use BTC, Gold, Silver and other currencies to hedge against inflation and to provide a diverse store of wealth.

One of things that I really like about BTC over the past years is the fairly stable value with steady capital appreciation.

Like TrueCryptonaire, I don't really have much need to buy anything online. And as a family, we are pretty much self-sufficient, so monthly expenses are minimal and mostly with local establishments, so I don't really have a daily use for XMR. Although it would be great to be able to buy my Danner boots with XMR, the one luxury I have to import regularly.

I would say the best part of being away from crypto for 2 years is the ability to be very rational and clear when evaluating various coins and the technology used. Risto posted very early on that XMR greatest potential was that it had significantly different and possibility superior tech to BTC and this is what seperated from other alt-coins such as LTC. Of course, a dedicated and hard-working community is very important as well.

Again thanks to everyone for warm welcome back!!!

In fact it's quite easy to get rid of the scum. If every serious member just does not reply or quote their messages, these jokers will disappear... Because of their low empathic abilities they will start a convo with themselves but that's no fun in the long run an will die out pretty quickly.

Nrg was gone for 5 minutes and the thread is already back to its old self.

Its not just him and his trolls. You can just put them on ignore. Its when well meaning people engage with it that the thread turns to shit.

Kilo! Good to see you here... Slack is deserted so I'm kind of hangin around on BCT... About the same story with me XMR wise, but kept an eye on the movements and bought some more a year ago. Got rid of the last "Other coins" this week and lookingi for a new destination.

I would use Monero as a method of payment if there would be more places to use them (sure I could have done it via xmr.to) but it would be simpler just to use btc directly.
The other thing, I order quite little online because I need pretty much nothing and my costs are quite minimal. Together with my wife we spend around 1000 euros/month and that includes everything from housing to toothpaste.
However, it is nice to buy a gold coin or two a few times in a year and I see this a good opportunity to spend Moneros (last time I tried to figure xmr.to out it was not in use) - why not. Anyway I need to pay the gold coin so why not use XMR and replace the spent amount from Poloniex.
When Monero skyrockets, perhaps Risto will re-open the gold window and accepts Moneros directly...? 
Perhaps there is a niche for ebay-type of service in Moneros? In my case, I would not care to sell the coins into Poloniex when the price rises but buy directly with Moneros from a trusted source. DNM are not the way I personally buy stuff because I have very limited need for the products/"services" they offer.

Thanks for the links, I will check them out.

Thanks!

It is obvious that whatever it was, it had no long-term detriment on XMR as 2 years on XMR is still here and growing.

Thanks!

One of the things I learned over the past two years is that all things take time. So while I was being critical, I am not in any rush. The past 2 years have come and gone so quickly it is scary. It has been a good lesson in patience and learning to let things happen as they happen.

It is great to hear of the improvements and progress of XMR while I was gone. And to learn of the new projects being undertaken recently.

Learning about the issue with block size with BTC has been interesting, and what I have learned from that is that any coin that will see wide spread adoption must have a plan, either now or in the future, to adapt to increased block size as transactions increase with adoption. I suppose I am a slow-learner to only find out now that XMR has dealt with this issue. I am re-evaluating my whole crypto-coin portfolio as a result.

With the increased volume and volatility of XMR, maybe I can learn to do a bit of short-term trading and reinvest the profits in both XMR and XMR development.

Nothing happened. It was all FUD.

My personal theory is that the people behind it (I don't think BCX was working alone) did really think they had discovered a vulnerability in the crypto, but that was due to a misunderstanding of the math on their part. So it turned out to be a false alarm. But that could be wrong, and it may have just been speculators wanting to make money by shorting and FUDding. No way to know really.

Yes the blockchain had to be loaded in RAM and I could no longer run a node.  Now the daemon uses little resources.  I synced the blockchain from scratch when 0.10 was released and it was much quicker to do so.  Although there is no official GUI yet (it is almost ready) simplewallet which is now called monero-wallet-cli has had a great deal of functionality added.  RingCT is in the current code and will be activated in Jan.  0MQ is being worked on which will help with the infrastructure needed for adoption. 

Yes we all would like things to move faster.  I do my part the only way I can by donating to development.  There were 2 very recent funding proposals that I contributed to.  Many others did as well and they were funded quickly.  Paying for a developer for Monero proper as well as a dev for the i2p implementation.  These were done using the Monero Forum Funding System.  That is something started during your absence so please add that to the list of improvements. 

Also there are more people donating their time to development. 

Welcome back!  Sorry I have no advice as to what you do from here.

That is a nice list of improvements. From memory the wallet or daemon used to run from RAM or something as well. I presume that has been upgraded as it was being worked on when I left.

Also from memory during the time that I bought, there was an attack or threat of an attack by 'BTCExpress?' and it caused a lot of jitters in the XMR community. XMR has obviously survived, but what was the outcome, if you remember.

One of the reasons that gave me confidence to add another 945XMR to my wallet was a prediction by Risto that XMR would become the hedge for BTC. By all appearances that has come true, displacing LTC which was always considered the de facto hedge to BTC. I was very surprised and pleased to XMR trading in the top 3 BTC volume with LTC no where in sight on Poloniex.

Just as an aside note - all my BTC has tripled in value as well while I was gone. So that was a nice welcome back!

Thanks for your advise.

Sounds like a very interesting place you have been.

I would have to disagree that "daily usage has not made any real headway".

http://moneroblocks.info/stats/transactions/m/24

Improvements since end of 2014:
GUI is very close to being ready.
XMR.to (and shapeshift) allows you to easily spend your Monero at any BTC accepting place.
Mixin has now a network minimum of 2 improving privacy.
Viewkey works and is not just a concept.
Export key images with v.10 and check the balance of a cold wallet.
LMDB means you can run the wallet without sucking up all your RAM.
Ring CT in January.
Trezor implementation also workable but not exactly easy yet.

Probably more that I cannot remember, but XMR is far more usable than end of 2014.

Hopefully there won't be as many daily trading charts or DNM posts screenshots spamming anymore. If he's really gone that is.

Thank you very much, really appreciate what you have done sir!

The end of 2014 I put all my crypto wallets in cold storage and did not think about crypto until about two weeks ago. Circumstances of life took me to a place where even mobile phone service was a luxury, internet was a pipe-dream. It has been very interesting to step away from crypto for about 2 years and come back.

XMR was brought to my attention by Risto, whom I highly respect as one of the brightest minds on this forum. His posts about Bitcoin Distribution, the '(SSS) - A Sane and Simple bitcoin Savings' plan are brilliant and thought-provoking. I bought 55XMR at 0.004BTC, which is all I could afford, just before I left crypto in Sept. 2014. Since then the price of XMR has down to .001 and up to .025 and back again.

I was disappointed and pleasantly surprised at the same time. Pleased the price had appreciated, but disappointed that in 2 years so little seems to have been done in terms of adoption and software. Nothing seems to have really changed, XMR seems only to exist as a hedge to BTC(and has done it so well that it appears to have dethroned LTC) while daily usage has not really made any real headway. The wallet it still clunky, needing the daemon to be sync'ed before opening a barely improved wallet. Maybe I am being too harsh, but it has been over 2 years, not 2 months or even 6 months.

I was pleased to see that Risto, Smoothy, Icebreaker and a few old names are still here and supporters of XMR.

So in summary, over the past 2 days I have bought 945XMR at an average price of about .0104BTC. I am adding them to the 55XMR in my cold storage wallet.

My only question is... should I go away for another 2 years before checking on XMR again?

Revision:
Short hold (review at 0.0087)
Gain goal: +15% (after costs)

Wow, KOZI.... thank you, for "buying back" our thread!!!

You, sir, are a gentleman and a scholar indeed.  I think I speak for most everyone here in saying that was an eminently cool thing to do for us all.

Now let's hope he really stays away... fingers crossed

I believe the 'lag accumulation' effect seen on Polo is the result of the site (and trading engine) being behind a CDN (Cloudflare) and reverse proxies.

Polo used to be even slower, and it would crash muh browsers after a few minutes or hours (after bloating RAM use to >1GB).   

Ok, I'm out.

Thank you. Very kind of you to not take the money yourself. I want to pay with bitcoin, so I'll send it to SENS since they accept it. Will edit this post with transaction proof once I have paid.

Edit:

https://i.imgur.com/bcWJkk6.png

https://blockchain.info/address/17iLZwva9QZnrTtJzYa1r6mNHkjuPCpEuW

https://blockchain.info/tx/3759a49c97a3970d80562c19213a09c36d566367fb4b9710adc130982c890ca8