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Showing 20 of 37 results by rdp
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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 15/02/2018, 02:00:57 UTC

Whats the ETA on the snapshot?

All you guys that are just going to dump just make sure to move your funds to a new wallet before the snapshot and then again after.

Good point.  For some reason I assumed it was already done.  Watch the blocks fill up  Grin

Too much hassle tho, to dig up the cold storage.

Pre-fork: A -> B
On Fork: B -> exchange -> dump
On Monero: B -> C -> A

Does that mitigate the problem?
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 13/02/2018, 21:28:25 UTC
Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Will this protocol change affects botnets mining? And if it affects that, does it means hashing power will dive at least for some time around fork period?

Will there be a chance of a chain split because these "70% unknown" hash power comes from botnets and that they might not just switch the software version promptly, leaving and old "ghost" chain burning power and taking some unaware souls?

It is meant to prevent ASIC miners. There was speculations that someoen build ASIC miner so if that is the case then mining hash power should reduce. I think there is little chances for that. Also if that is the case, those that have ASIC miners will now start an offensive against this change. Since with this change will lose their advantage.

No one can tell how many hash power comes from bootnets. Can be 99%. Botnets operators can easily join any pool. So as any miner can mine solo or on private pool. On that pie 70% was marked as unknown only because maker of that pie know names of pools that do only 30% of hashpower . If he would do homework a bit better could easily add few % more.  Saying "because these "70% unknown" hash power comes from botnets" is simply wrong.

Ok, but you answered none of my points... I actually want to know if it will impact on botnet mining (not if it was target for that). And also, I agree that it is not right to say that 70% are indeed botnet, which I didn't. I may have expressed myself bad, but what I meant was: "IF a great part of that 70% unknown hash rate DO comes from botnets and that botnets are mining using old code, will we have any hash power break down upon update?"
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 13/02/2018, 16:52:17 UTC
Announcement - Proof-of-Work tweak and a note on key reuse

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Will this protocol change affects botnets mining? And if it affects that, does it means hashing power will dive at least for some time around fork period?

Will there be a chance of a chain split because these "70% unknown" hash power comes from botnets and that they might not just switch the software version promptly, leaving and old "ghost" chain burning power and taking some unaware souls?
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 06/02/2018, 13:58:29 UTC
And the Hash rate didn't drop a bit! Actually it continues to rise...
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 05/02/2018, 10:08:46 UTC
A coin that is untraceable will never be adopted by governments or major corporations. Without some sort of trace to the original buyer, banks will never have anything to do with companies who accept anonymous transactions. That is just common sense. I believe Monero is here to stay but its only going to be prioritized by people who don't want to be traced.

Monero has something called "view key", so when you WANT to make it public you CAN.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 03/02/2018, 14:59:21 UTC
So I had forgot I had a old bitstamp account and tried to recover it.

Quote
Lost Login Information

We have sent a new password and customer ID to your e-mail address if it's valid.

You should change your password as soon as you log in for the first time.

No email has been received after 10 minutes.

It is not just fiat, I have requested a XMR withdrawn from Bitfinex and it has been more than 5 days and it is still "processing".
Post
Topic
Board Speculation (Altcoins)
Merits 1 from 1 user
Re: [XMR] Monero Speculation
by
rdp
on 03/02/2018, 13:59:10 UTC
⭐ Merited by Hueristic (1)
There are all these loadable visa card for BTC why don't we have one yet?

Someone Tell them Fucking whales to get their shit together!

Visa withdrew the license for all companies offering a BTC linked visa card a few weeks ago - so all Visa BTC cards are now extinct. It took me weeks to get my funds released. Also Bitwala had their bank cease all btc to fiat withdrawals.

Bitwala are claiming though that they are very close to releasing the first BTC bank account, so your BTC account will be linked to a Bitwala debit card and Bitwala bank account...but we shall see.

I think BTC to Fiat will become increasingly difficult.



Thanks alot for this info. Smiley Looks like the NWO is putting the screws to us. Sad

That is why I've been saying we need to use XMR as way of exchange, not value hold. I try my best to use available services in XMR, even if it is a little more expensive, even if I have to put fiat into XMR just to use it to buy something, instead of buying directly, even if receiving part is going to get fiat.

But maybe the most important thing is pushing where we can to make that happens, and that means where we can accept XMR instead of fiat and try to force it at most.

This is the only possible outcome to our success.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 02/02/2018, 09:54:02 UTC
Thoughts for your floor?

180?
130?

Surely not lower than 80usd?

RSI looks to be approaching a bottom indicator on various scales.



What is REALLY worrying me is the lack of trolls... THAT is a TRUE worrying indicator! No one is trying to make us sell...
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 01/02/2018, 11:07:29 UTC
Funny thing is that although price has dropped a lot, hash rate keeps rising... 30 days ago it was 300 MH/s and 60 days ago was 150 MH/s

Quote
Hash Rate: 756.78 MH/sec

Wow.  Seems like yesterday I was wondering if we'd ever be able to hold above 20 for any length of time  Grin

https://chainradar.com/xmr/chart   looks like a spike to 1GH/s the other day.



From 6 to 80gb, not a bad year Smiley



Current: ~92G rising really fast.

Look at those foothills...  How long until TH/s?




Does that mean that even Monero is not the most profitable mining coin, people wants it OR does it means that it is the most profitable coin for botnets, malware mining, etc?
Post
Topic
Board Speculation (Altcoins)
Merits 1 from 1 user
Re: [XMR] Monero Speculation
by
rdp
on 01/02/2018, 00:37:08 UTC
⭐ Merited by explorer (1)
Funny thing is that although price has dropped a lot, hash rate keeps rising... 30 days ago it was 300 MH/s and 60 days ago was 150 MH/s
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 30/01/2018, 20:53:06 UTC
Monero blood... remembering the 0.016-0.011 price agony before exploding to 0.023 together with BTC
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 26/01/2018, 09:32:19 UTC
monerujo android app is fantastic! For me the best wallet I have ever used. It is well designed, easy to use and the funds are really on your hands, secured! With xmr.to integration I am able to use monero as currency today, pay bills and consume! That is astonishing! Makes me want to hold only monerojs because of the easy to use, instead of keeping a whole bunch of crap in an unstable and unsecure exchange that will eventually get hacked or get busted.

Take care, a phone has a lot of vulnerabilities when compared to best practices.  Use with burnable amounts.  But ya, it's an awesome app.  I've been used to using mymonero.com for such purposes, and this much easier and more convenient.  Add a hardware wallet for topping up, you are safe and versatile.  SoonTM

Exactly! I just hold less than 1 XMR on it for day-to-day usage and my holdings are cold.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 26/01/2018, 01:12:29 UTC
monerujo android app is fantastic! For me the best wallet I have ever used. It is well designed, easy to use and the funds are really on your hands, secured! With xmr.to integration I am able to use monero as currency today, pay bills and consume! That is astonishing! Makes me want to hold only monerojs because of the easy to use, instead of keeping a whole bunch of crap in an unstable and unsecure exchange that will eventually get hacked or get busted.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 23/01/2018, 18:59:52 UTC
XMR.TO  now integrated in Monerujo android wallet! Awesome.



I didn't even know this was in the works. https://xmr.to/ is definitely Awesome.

The safest way to pay !

Yes, very slick.  To send XMR from Monerujo, put in an XMR address to send XMR, or a BTC address to convert it BTC.  No dicking around, no huge fees.  It just can't get any simpler.

Cheers to BinaryFate for the continual support and expansion of his awesome service!  And of course to the Monerujo team - donation coming, as soon as I get back to one of my storage wallets.
 
Ledger will solve that problem for me, SoonTM

It is even cheaper than sending direct bitcoin payments. I use it a lot already to pay some bills using a gateway that allows me to pay bills using bitcoin...
What's unfortunate the people who run xmr.to eat the high bitcoin tx fees for you, that can't be sustainable.

Yes, I think about that a lot... I imagine that the gains they have on high volume transactions can cope with that.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 23/01/2018, 15:18:19 UTC
XMR.TO  now integrated in Monerujo android wallet! Awesome.



I didn't even know this was in the works. https://xmr.to/ is definitely Awesome.

The safest way to pay !

Yes, very slick.  To send XMR from Monerujo, put in an XMR address to send XMR, or a BTC address to convert it BTC.  No dicking around, no huge fees.  It just can't get any simpler.

Cheers to BinaryFate for the continual support and expansion of his awesome service!  And of course to the Monerujo team - donation coming, as soon as I get back to one of my storage wallets.
 
Ledger will solve that problem for me, SoonTM

It is even cheaper than sending direct bitcoin payments. I use it a lot already to pay some bills using a gateway that allows me to pay bills using bitcoin...
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 19/01/2018, 03:04:51 UTC
For those of you not on Reddit and whom may be interested, I posted a write up titled:

Your Guide to Monero, and Why it Has Great Potential.

https://www.reddit.com/r/CryptoCurrency/comments/7ra409/your_guide_to_monero_and_why_it_has_great/


Great writing! Thanks!
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 18/01/2018, 15:54:49 UTC
Anyone experiencing issues with XMR on Cryptopia? I have a withdraw in "processing" state since 12th and no response from support. Support page says that it is taking 12 days to answer, so I am waiting, but today I sent some to test (0.04) and it is not showing up there as well...

EDIT: Found out that Cryptopia client is not synced with network. It seems stuck at 1488276... https://www.cryptopia.co.nz/CoinInfo/?coin=XMR   Shocked Shocked Shocked
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 17/01/2018, 14:07:06 UTC
It seems we are not safe yet... 400 bi total marketcap is a support... hope we hold
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 16/01/2018, 23:02:50 UTC
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdp
on 16/01/2018, 22:55:12 UTC
although i did not jet sold 1 xmr , it is kinda scarry to see how fast it goes down... i really believe it will go back up again but on the other hand , we can go a lot lower ... 1000 by the summer , i dont know in this sentiment if we will get there...

Mainly it depends of how all crypto sphere will move.  If we will have Bitcoin at $5000 at summer would be quite stupid to expect Monero at $1000.  There is high possibility 2018 will be new 2014. And in general that would be most natural and most healthy. Because if 2018 would be just another 2017, then 2019 would be definitely an ARMAGEDON.


The question is, how low it will go and when is next best entry point?

None of us could predict exactly the flooring value and best time to reinvest. Bitcoin and Altcoins are speculative in nature to which its very hard to analyze on what will be the outcome at the end of the day. Professional forecasters almost comes close when giving out their opinions and since they couldn't predict the exact timing, many investors opt out not to rely with these predictions. I do think that it will be better if you'll just monitor the market manually by yourself instead on relying to other people. Most of the time, believing in your intuition works out well instead of a well designed investment plan.

Yes, my intuition said to me that we would reach a market cap of something near 1 trillion (there is a post saying that here) and then we would retract to 400 bi and if that doesn't hold back to 200 bi and then 100 bi, which is, again by my intuition, the floor... I expect to stop at 400bi, but 200 bi movement in a single day is really shocking! It shows the dark side of an unregulated market in which we are!