[Samseau]

Fascinating link on Monero.

https://www.tradingview.com/chart/XMRBTC...in-crypto/

XMR Monero Best long in crypto

Quote:

Let me be clear. Monero is the ONLY cryptocurrency that provides fungibility AND the total supply can be audited. It's the swiss bank account 2.0.

I predict it will NEVER break its lower support line against BTC

This chart doesn't quite go back far enough or it would look even better. I'm not going to get all fancy with the charting here but there's a solid bull flag and the RSI and MACD are looking perfect. If Monero breaks through it's previous upper resistance, it will be HUGE. For those of you less into the fundamental analysis, I assure you Monero is what Bitcoin was supposed to be. Here's a nice quote from Bitcointalk.org from back in 2010, before Monero was created, from Bitcoin's creator himself. Shortly after this he disappeared and Monero was created. Interesting. Who's to say he's not actively working on it today? I personally spend alot of time in the IRC channels and follow the github activity religiously. This project has it's shit together.


https://bitcointalk.org/index.html?topic=...74#msg9074

Satoshi
Founder
Sr. Member
Activity: 364
View Profile
Re: Not a suggestion
August 13, 2010, 07:28:47 PM

#15
...
(responding to other user)
...
What we need is a way to generate additional blinded variations of a public key. The blinded variations would have the same properties as the root public key, such that the private key could generate a signature for any one of them. Others could not tell if a blinded key is related to the root key, or other blinded keys from the same root key. These are the properties of blinding. Blinding, in a nutshell, is x = (x * large_random_int) mod m.

When paying to a bitcoin address, you would generate a new blinded key for each use.

Then you need to be able to sign a signature such that you can't tell that two signatures came from the same private key. I'm not sure if always signing a different blinded public key would already give you this property. If not, I think that's where group signatures comes in. With group signatures, it is possible for something to be signed but not know who signed it.


This is exactly what Monero can already do by the way, with incredible improvements ahead. Some people stayed in BTC for the money. Many of the true cypherpunk anarchists moved to Monero to create the ultimate tool for financial freedom. XMR will change the world.

If you're a trader, I'd set a fairly tight stop and try to ride this baby up. If it breaks resistance it's going to be gone. XMR is one of my biggest investments and I pray for more chances of lower entry as I accumulate more to put into it. HODL

Although Monero has not been experiencing volatility, this is a good thing. Monero is just going to be an unstoppable juggernaut that continually increases in value over time. It may have some leaps in value from time to time, but overall it will be one of the safest cryptos to own because of its fundamentals as a currency.

It is the original coin Satoshi envisioned.

Right now, the biggest thing holding back Monero's price is a DarkNet market called "libertas" getting off the ground. It is a Monero only market that will make the price skyrocket, but currently it is getting DDOS'd every single day at about $600 a mirror, and they have 10 mirrors. So someone is slamming their servers hard, for 6K a day, to keep the site down.

Lots of people strong suspect it is the feds doing it, since if Libertas gets off the ground there will be no way to stop it. It has such high security measures and the use of Monero make tracing buyers and sellers impossible. Comparatively, all the people who buy and sell with Bitcoin or other currencies are getting arrested nonstop, which you can read about on this blog here:

https://www.deepdotweb.com/2018/01/13/po...-16-years/

Quote:

Additional investigation revealed that Kurt had made many transactions with the post office which involved huge shipments of MDMA tablets. He sold the drugs via many dark web marketplaces of which he controlled personally and used Bitcoin for all payments.

The tides are moving. Slowly, but surely, their ebb comes, at it's own unstoppable schedule.

[SuperMaleVitality]

Good stuff Samseau. I'm gonna buy some monero. Even if it ends up being a bad investment (relative to btc) at least it's something that I wholeheartedly believe in.

But it does seem way undervalued when you look at the market caps of the bigger coins.

Crypto market is so crazy that I wouldn't be shocked if it hits 10k in 3 years.

[Kona]

Is the monero bubble bursting?

Aloha!

[GlobalMan]

Time to buy some more.

[Blancpain]

(01-12-2018 01:12 PM)Roosh Wrote:  

Is this the most stable crypto out there or what? We're moving sideways for over a month now.

Unlike 99% of the coins out there Monero is used by thousands of people everyday for real transactions.

If you can buy a certain good with a crypto, there will be always demand for it, this is my main investment thesis. Bitcoin was first adopted by the deepweb, due to its high transaction times and fees many deepweb vendors have began accepting alternative cryptos. One of them is Monero.

https://www.reddit.com/r/Monero/comments...ed_monero/

[Kona]

Monero is making a comeback, and Samseau is off the shit list.

I'm glad I bought on this little dip here.

Aloha!

[Durango]

(12-15-2017 01:24 PM)Samseau Wrote:  

Also I forgot, the best software wallet for Monero is found here:

https://www.reddit.com/r/Monero/comments..._download/

Created directly by the devs. Monero is a harder currency to use than other cryptos, having more layers of security, but this wallet makes it easy.

Just remember to run this wallet overnight, as you need to download the blockchain in order to use it. Monero's security comes from making each user a node in the chain. I think the current blockchain size is around 10-30 GB. It's pretty small right now. Technical improvements to make the transaction sizes smaller are planned for release next year.

Unlike the BTC devs, the XMR devs are planning for the future and work to solve problems before they become actual problems. Right now Monero's blockchain is more than sufficient, the biggest drawback is the lack of a hardware wallet (i.e. ledger wallet USB) but that is in development too.

Anyone having difficulty setting up the GUI wallet? I have the folder saved, then opened monerod to download and sync, and it's been 8 hours and still have a long way to go. Anyone know if there is a way to speed up the sync? I tried importing the raw blockchain, but it stalled and just says the below:

2018-01-24 00:59:59.336 2196 FATAL bcutil src/blockchain_utilities/blockchain_import.cpp:229 bootstrap file not found: "CrogramDataitmoneroexportlockchain.raw"

Also I am using Windows 64-bit.

[Samseau]

People can use Monero to buy coffee:

https://www.reddit.com/r/Monero/comments...ust_makes/

[The Beast1]

(01-23-2018 08:01 PM)Durango Wrote:  

(12-15-2017 01:24 PM)Samseau Wrote:  

Also I forgot, the best software wallet for Monero is found here:

https://www.reddit.com/r/Monero/comments..._download/

Created directly by the devs. Monero is a harder currency to use than other cryptos, having more layers of security, but this wallet makes it easy.

Just remember to run this wallet overnight, as you need to download the blockchain in order to use it. Monero's security comes from making each user a node in the chain. I think the current blockchain size is around 10-30 GB. It's pretty small right now. Technical improvements to make the transaction sizes smaller are planned for release next year.

Unlike the BTC devs, the XMR devs are planning for the future and work to solve problems before they become actual problems. Right now Monero's blockchain is more than sufficient, the biggest drawback is the lack of a hardware wallet (i.e. ledger wallet USB) but that is in development too.

Anyone having difficulty setting up the GUI wallet? I have the folder saved, then opened monerod to download and sync, and it's been 8 hours and still have a long way to go. Anyone know if there is a way to speed up the sync? I tried importing the raw blockchain, but it stalled and just says the below:

2018-01-24 00:59:59.336 2196 FATAL bcutil src/blockchain_utilities/blockchain_import.cpp:229 bootstrap file not found: "CrogramDataitmoneroexportlockchain.raw"

Also I am using Windows 64-bit.

It's supposed to take that long. It's making you a node of the currency.

I would just delete the raw blockchain file and start again. Set it up at night and wait until the next day.

I tried mining some monero. My laptop is surprisingly capable of mining at high difficulty level.

I left for a trip that lasted about 6 days. When I came back, I checked on the mining pools how much I made. A whopping $6 at the time.

Worse yet, the damn pools haven't sent my payment to my wallet address. I've stopped bothering. By the time a mining pool comes out, it isn't even worth the effort to mine yet. Too many spergs with cash to burn on rigs ruin it for the rest of us.

[Kona]

^^ Too bad the electric company doesn't take monero.

Aloha!

[Samseau]

As far as DarkNet news goes: Libertas is still DDOS'd up the ass, but now Dream (largest market by far) is adopting Monero for casual use. This should add a good $25-50 to the price and start a long-term bull market.

[RedPillUK]

Are you all in on Monero?

[The Beast1]

(01-25-2018 12:16 PM)Samseau Wrote:  

As far as DarkNet news goes: Libertas is still DDOS'd up the ass, but now Dream (largest market by far) is adopting Monero for casual use. This should add a good $25-50 to the price and start a long-term bull market.

Is dream market still around? I thought the feds took them down

Edit: well i'll be damned. I thought I read somewhere that the closed down. Glad to see they're still puttering about.

[SamuelBRoberts]

Remember that XMR's value is just as inflated beyond its actual use as any other coin. The majority of buyers purchase it not because they want to use it in a dark market, but because they think OTHER people will want to use it in a dark market.

I've seen no evidence that XMR's "fundamentals" or "actual use" render it more resistant to price swings than any other coin. To my knowledge, there is none. It seems to track the market pretty well over the last few months.

[Samseau]

(01-25-2018 01:25 PM)SamuelBRoberts Wrote:  

Remember that XMR's value is just as inflated beyond its actual use as any other coin. The majority of buyers purchase it not because they want to use it in a dark market, but because they think OTHER people will want to use it in a dark market.

I've seen no evidence that XMR's "fundamentals" or "actual use" render it more resistant to price swings than any other coin. To my knowledge, there is none. It seems to track the market pretty well over the last few months.

So why is XMR climbing so consistently against BTC then? Because one has a use case the other does not.

[RichieP]

Doesn't mean it's the demand from that use case driving the price though. Could be crypto-speculators buying on that news.

[SamuelBRoberts]

Richie gets it.

[oilbreh]

Thats a very pointless argument to have, 90 percent of coins in the top 100 market cap are used for nothing but speculation. Regardless, which ever coin is used for an actual real life purpose will have a lot points in my book. 1 monero is 1 monero.

[Biologist]

(01-26-2018 07:51 PM)oilbreh Wrote:  

Thats a very pointless argument to have, 90 percent of coins in the top 100 market cap are used for nothing but speculation. Regardless, which ever coin is used for an actual real life purpose will have a lot points in my book. 1 monero is 1 monero.

Spot on.

Currently pretty much all of the cryptocurrencies are being used for speculation.

However, the technology behind Monero gives it a lot of potential for being used for real life purposes (e.g. private transactions).

This is a lot better than having a coin which is being traded for speculation but has little-to-no real life purposes.

Another way of looking at it would be: consider the following 3 cryptocurrencies

1) Cryptocurrency 1: used purely for speculation, no realistic real life purpose.

2) Cryptocurrency 2: also used purely for speculation, no realistic real life purpose.

3) Cryptocurrency 3: used for speculation, but technology behind it gives it a lot of potential for real life applications.

Which one would you invest in?

[SamuelBRoberts]

(01-26-2018 10:48 PM)Biologist Wrote:  

(01-26-2018 07:51 PM)oilbreh Wrote:  

Thats a very pointless argument to have, 90 percent of coins in the top 100 market cap are used for nothing but speculation. Regardless, which ever coin is used for an actual real life purpose will have a lot points in my book. 1 monero is 1 monero.

Spot on.

Currently pretty much all of the cryptocurrencies are being used for speculation.

However, the technology behind Monero gives it a lot of potential for being used for real life purposes (e.g. private transactions).

This is a lot better than having a coin which is being traded for speculation but has little-to-no real life purposes.

Why?

[RichieP]

(01-26-2018 10:48 PM)Biologist Wrote:  

Currently pretty much all of the cryptocurrencies are being used for speculation.

However, the technology behind Monero gives it a lot of potential for being used for real life purposes (e.g. private transactions).

Yeah but what matters from an ROI perspective is how much of the current price is due to speculation.

If XMR price is caused by 95% speculation and 5% use case, then even if the demand for private transactions triples, the price and ROI are still determined largely by speculators.

The "true" value of XMR due to demand for private transactions might ultimately be $10, $20, or $50. That's not a smart rationale for investing given today's price ($313).

Think about gold. If the jewellry market was set to somehow miraculously 2x, would you buy gold just because of that? You shouldn't, because most of the price of gold is not determined by demand for gold jewellry.

[Samseau]

(01-27-2018 07:33 AM)RichieP Wrote:  

(01-26-2018 10:48 PM)Biologist Wrote:  

Currently pretty much all of the cryptocurrencies are being used for speculation.

However, the technology behind Monero gives it a lot of potential for being used for real life purposes (e.g. private transactions).

Yeah but what matters from an ROI perspective is how much of the current price is due to speculation.

If XMR price is caused by 95% speculation and 5% use case, then even if the demand for private transactions triples, the price and ROI are still determined largely by speculators.

The "true" value of XMR due to demand for private transactions might ultimately be $10, $20, or $50. That's not a smart rationale for investing given today's price ($313).

Think about gold. If the jewellry market was set to somehow miraculously 2x, would you buy gold just because of that? You shouldn't, because most of the price of gold is not determined by demand for gold jewellry.

But none of this changes the fundamentals.

Even if a massive crypto crash would occur, Monero would still be King with it's 5% actual value vs the 0% value on the other cryptos. Monero still the best long.

And by the way, the use value of Monero makes up far more than 5%. It's literally being adopted by a multi-trillion dollar industry (drug trade). You're telling me that's 5%?

[Samseau]

Pretty big news:

[url=https://twitter.com/SatoshiLite/status/957139108547067904][/url]

Light Coin creator wants to team up with XMR head dev to form atomic swaps. This would allow massive liquidity into Monero as LTC is accepted on every major exchange but XMR is not.

Once this happens, to get XMR all one would need to do is buy some LTC and then swap it instantly into XMR.

Part of the reason I like Monero is that the people running the project are hard workers, networking and brainstorming constantly to make Monero an amazing technology. Really inspires confidence.

[RichieP]

(01-27-2018 12:57 PM)Samseau Wrote:  

But none of this changes the fundamentals.

Even if a massive crypto crash would occur, Monero would still be King with it's 5% actual value vs the 0% value on the other cryptos. Monero still the best long.

At it's current price it may be overvalued, even given it's ultimate use case. If I buy at $300 and it crashes to it's $25 but appreciates to $100 because that is ultimately it's "actual value" given it's use case, I've lost a shit ton of money.

Current levels of speculation clearly matter when considering ROI.

Quote:

And by the way, the use value of Monero makes up far more than 5%. It's literally being adopted by a multi-trillion dollar industry (drug trade). You're telling me that's 5%?

That's the real question - how much more of that value is Monero likely to capture? I find it hard to believe every purchase will be in XMR and every drug dealer will be holding it. Some people will get in and out quickly i.e. $ -> XMR -> $, and it will only be used for a subset of transactions. If you think Monero will hit $100bn or $1tn or whatever market cap, do post your reasoning behind that.

[whiteknightrises]

(01-27-2018 01:04 PM)Samseau Wrote:  

...

Part of the reason I like Monero is that the people running the project are hard workers, networking and brainstorming constantly to make Monero an amazing technology. Really inspires confidence.

That last part is why I believe in projects like Monero and Ethereum.

Those guys are hardworking, not fighting amongst each other, or playing some gay promo/hype-man game. Vitalik Buterin doesn't even eat:



Basically all crypto projects are unproven (though I believe Monero was the only privacy coin researchers at Princeton University were unable to crack) but the Monero/Ethereum devs are clearly on a mission