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LegendaryActivity: 2100Merit: 1131 Re: [XMR] Monero Speculation August 31, 2015, 07:14:18 PM #8381 Quote from: americanpegasus on August 31, 2015, 07:04:36 PM



For more info, check here:







Your advice please:



1. It is my intention to reinvest the overwhelming majority of crypto donations back into the project. I also hope to be as open as possible about where the donations are going. To this end I propose I will keep 20% of all donations for original authorship and ongoing project management. 80% goes back as compensation for future writing, art, etc. I feel like this is an extremely fair split that will give everyone involved a good feeling about donating. What do you think?



2. I recently found that it is difficult to have more than one Monero address per client (if my understanding is correct)? My original idea was to have seven bitcoin addresses at the end of the book and seven Monero addresses... Is this unreasonable? Should I not expect to be able to realistically manage more than one Monero address until a robust GUI implementation is put into place?



Thanks for your advice. This is a tremendous undertaking, and the first of its kind so I am sure there are many pitfalls ahead of me. However I feel that if done properly this may be another killer 'app' (like Crypto Kingdom) that helps bring cryptocurrency into the mainstream.

Hey, can I ask this community for some advice? If you don't know, I'm gearing up to try a decentralized fiction project soon... The first of its kind. The tl;dr is that I have a written, edited and illustrated book that will be given away for free. At the end will be bitcoin and Monero addresses fans can use to contribute crypto towards the project. Not only will the donations be used to help decide what happens next, but also will be used to pay/compensate writers, artists, and editors for future development in this fictional world. The hope is that this project will become self sustaining and grow on its own.For more info, check here: https://www.reddit.com/r/Bitcoin/comments/3ing5h/labrys_will_be_launched_on_september_28th_on_the/ Your advice please:1. It is my intention to reinvest the overwhelming majority of crypto donations back into the project. I also hope to be as open as possible about where the donations are going. To this end I propose I will keep 20% of all donations for original authorship and ongoing project management. 80% goes back as compensation for future writing, art, etc. I feel like this is an extremely fair split that will give everyone involved a good feeling about donating. What do you think?2. I recently found that it is difficult to have more than one Monero address per client (if my understanding is correct)? My original idea was to have seven bitcoin addresses at the end of the book and seven Monero addresses... Is this unreasonable? Should I not expect to be able to realistically manage more than one Monero address until a robust GUI implementation is put into place?Thanks for your advice. This is a tremendous undertaking, and the first of its kind so I am sure there are many pitfalls ahead of me. However I feel that if done properly this may be another killer 'app' (like Crypto Kingdom) that helps bring cryptocurrency into the mainstream.

Regarding [2], see comments in this reddit thread -> Regarding [2], see comments in this reddit thread -> https://www.reddit.com/r/Monero/comments/3ixusi/generating_additional_addresses/ . Perhaps two addresses will be sufficient as well. Privacy matters, use Monero - A true untraceable cryptocurrency

Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/

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LegendaryActivity: 2534Merit: 1167 Re: [XMR] Monero Speculation August 31, 2015, 10:48:18 PM #8383 Quote from: americanpegasus on August 31, 2015, 07:04:36 PM 2. I recently found that it is difficult to have more than one Monero address per client (if my understanding is correct)? My original idea was to have seven bitcoin addresses at the end of the book and seven Monero addresses... Is this unreasonable? Should I not expect to be able to realistically manage more than one Monero address until a robust GUI implementation is put into place?



I don't know your level of computer skills but I have dozens of monero wallet files. Never had a problem managing it.

I don't know your level of computer skills but I have dozens of monero wallet files. Never had a problem managing it.

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Sr. MemberActivity: 392Merit: 250 Re: [XMR] Monero Speculation September 01, 2015, 07:32:34 AM #8384 Quote from: rpietila on August 31, 2015, 10:57:24 AM Glanced at the charts. The support of the uptrend seems to be at about 0.00188 now. We haven't tested it yet, I think it would hold in the event of a selloff.



To the upside, 0.00265 is a strong resistance now. My belief is that the strongness means that it will keep the lid on price psychologically and from a distance (that it does not rise even close), but when it is assaulted, it will fall at the first try.



To an accumulator, the latest developments have removed the FOMO once again, and the accumulation zone is around 0.002, and several colleagues seem to have noticed the same.



So... this is good or bad? So... this is good or bad? Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com

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Sine secretum non libertas







LegendaryActivity: 1596Merit: 1029Sine secretum non libertas Re: [XMR] Monero Speculation September 01, 2015, 03:09:29 PM #8386 Quote from: jehst on August 24, 2015, 07:15:00 PM [Bitcoin's value is 90% speculative froth even now. A very small number of coins are needed to facilitate remittances...

Speculative and froth are distinct things. Speculation with weak hands is frothy. Speculation with strong hands is a foundation on which you can build. Speculative and froth are distinct things. Speculation with weak hands is frothy. Speculation with strong hands is a foundation on which you can build. Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.

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LegendaryActivity: 1596Merit: 1029Sine secretum non libertas Re: [XMR] Monero Speculation September 01, 2015, 03:20:40 PM #8388 Quote from: generalizethis on August 30, 2015, 02:41:15 AM If it's so easy to trace why do we continue to see scams of considerable amounts (many many 50+ btc) go with the slightest hint of consequence?



Methods and sources are the most intently protected secrets. In the U.S. in particular, law enforcement has adopted military-intelligence modes of operation wholesale. Their capabilities and practices are kept secret to the degree feasible. In general the limits of feasibility are determined by the rules of evidence of the courts, and the degree of difficulty in gaming them. Blockchain analysis and tracking funds are among the more technical methods, and hence more easily concealed from naive courts.



Law enforcement in general does not care about your 50 btc. If you want it back you have to track it down yourself, and use private legal apparatus. Private legal apparatus is very costly to employ, making your 50 btc loss pragmatically unrecoverable, regardless of your skills in blockchain analysis, or your contacts at the exchanges. You're more likely to meet recovery success by extrajudicial channels.



Several arrests have occurred which may be in part or whole attributable to blockchain analysis, but determining that would require tracking the cases through the courts, to see what evidence emerges at trial, and frankly that could take a while, because almost no one thinks they can get a favorable outcome at trial in the U.S. without a brobdignagian expenditure, so actual trials are quite rare. Even then, the policy of concealing methods and sources may mean that it takes a while before a sufficiently plum case arises such that law enforcement are willing to disclose a given technique required to support their case.



Methods and sources are the most intently protected secrets. In the U.S. in particular, law enforcement has adopted military-intelligence modes of operation wholesale. Their capabilities and practices are kept secret to the degree feasible. In general the limits of feasibility are determined by the rules of evidence of the courts, and the degree of difficulty in gaming them. Blockchain analysis and tracking funds are among the more technical methods, and hence more easily concealed from naive courts.Law enforcement in general does not care about your 50 btc. If you want it back you have to track it down yourself, and use private legal apparatus. Private legal apparatus is very costly to employ, making your 50 btc loss pragmatically unrecoverable, regardless of your skills in blockchain analysis, or your contacts at the exchanges. You're more likely to meet recovery success by extrajudicial channels.Several arrests have occurred which may be in part or whole attributable to blockchain analysis, but determining that would require tracking the cases through the courts, to see what evidence emerges at trial, and frankly that could take a while, because almost no one thinks they can get a favorable outcome at trial in the U.S. without a brobdignagian expenditure, so actual trials are quite rare. Even then, the policy of concealing methods and sources may mean that it takes a while before a sufficiently plum case arises such that law enforcement are willing to disclose a given technique required to support their case. Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.

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LegendaryActivity: 1750Merit: 1031Facts are more efficient than fud Re: [XMR] Monero Speculation September 01, 2015, 06:54:48 PM #8389 Quote from: aminorex on September 01, 2015, 03:20:40 PM Quote from: generalizethis on August 30, 2015, 02:41:15 AM If it's so easy to trace why do we continue to see scams of considerable amounts (many many 50+ btc) go with the slightest hint of consequence?



Methods and sources are the most intently protected secrets. In the U.S. in particular, law enforcement has adopted military-intelligence modes of operation wholesale. Their capabilities and practices are kept secret to the degree feasible. In general the limits of feasibility are determined by the rules of evidence of the courts, and the degree of difficulty in gaming them. Blockchain analysis and tracking funds are among the more technical methods, and hence more easily concealed from naive courts.



Law enforcement in general does not care about your 50 btc. If you want it back you have to track it down yourself, and use private legal apparatus. Private legal apparatus is very costly to employ, making your 50 btc loss pragmatically unrecoverable, regardless of your skills in blockchain analysis, or your contacts at the exchanges. You're more likely to meet recovery success by extrajudicial channels.



Several arrests have occurred which may be in part or whole attributable to blockchain analysis, but determining that would require tracking the cases through the courts, to see what evidence emerges at trial, and frankly that could take a while, because almost no one thinks they can get a favorable outcome at trial in the U.S. without a brobdignagian expenditure, so actual trials are quite rare. Even then, the policy of concealing methods and sources may mean that it takes a while before a sufficiently plum case arises such that law enforcement are willing to disclose a given technique required to support their case.





Methods and sources are the most intently protected secrets. In the U.S. in particular, law enforcement has adopted military-intelligence modes of operation wholesale. Their capabilities and practices are kept secret to the degree feasible. In general the limits of feasibility are determined by the rules of evidence of the courts, and the degree of difficulty in gaming them. Blockchain analysis and tracking funds are among the more technical methods, and hence more easily concealed from naive courts.Law enforcement in general does not care about your 50 btc. If you want it back you have to track it down yourself, and use private legal apparatus. Private legal apparatus is very costly to employ, making your 50 btc loss pragmatically unrecoverable, regardless of your skills in blockchain analysis, or your contacts at the exchanges. You're more likely to meet recovery success by extrajudicial channels.Several arrests have occurred which may be in part or whole attributable to blockchain analysis, but determining that would require tracking the cases through the courts, to see what evidence emerges at trial, and frankly that could take a while, because almost no one thinks they can get a favorable outcome at trial in the U.S. without a brobdignagian expenditure, so actual trials are quite rare. Even then, the policy of concealing methods and sources may mean that it takes a while before a sufficiently plum case arises such that law enforcement are willing to disclose a given technique required to support their case.

Just to clarify, I was stating (obliquely) that Evolution and BTCe should have killed the myth of what was is in quotation. A tech savvy DMN thief who can't get the worlds largest regulatory non-compliment exchange to pass their stolen BTC is enough to let the normal cryptocurrency user know that BTC is not the coin for you if you want to smoothly and anonymously transact assets. I just wanted to clarify as i don't want anyone who just sees my name and the quotation to think that that was a statement I made. Just to clarify, I was stating (obliquely) that Evolution and BTCe should have killed the myth of what was is in quotation. A tech savvy DMN thief who can't get the worlds largest regulatory non-compliment exchange to pass their stolen BTC is enough to let the normal cryptocurrency user know that BTC is not the coin for you if you want to smoothly and anonymously transact assets. I just wanted to clarify as i don't want anyone who just sees my name and the quotation to think that that was a statement I made. https://infowars.wikia.com/wiki/Society_of_Control (competing visions--hedge accordingly) http://groups.csail.mit.edu/mac/classes/6.805/articles/crypto/cypherpunks/may-crypto-manifesto.html

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LegendaryActivity: 2534Merit: 1167 Re: [XMR] Monero Speculation September 01, 2015, 08:21:00 PM #8390 Quote from: generalizethis on September 01, 2015, 06:54:48 PM A tech savvy DMN thief



This is the real point. These scammers are often (usually?) the operators. They're extremely competent (at least relatively speaking) in operating privately, whether or not they succeed has nothing to do with what less-expert users are exposed to.



generalizethis makes a good point that when even they can't do it, look out, but if they could, it still wouldn't matter to the average user.

This is the real point. These scammers are often (usually?) the operators. They're(at least relatively speaking) in operating privately, whether or not they succeed has nothing to do with what less-expert users are exposed to.generalizethis makes a good point that when even they can't do it, look out, but if they could, it still wouldn't matter to the average user.

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LegendaryActivity: 2534Merit: 1167 Re: [XMR] Monero Speculation September 01, 2015, 08:22:37 PM #8391 Quote from: aminorex on September 01, 2015, 03:20:40 PM Several arrests have occurred which may be in part or whole attributable to blockchain analysis, but determining that would require tracking the cases through the courts, to see what evidence emerges at trial, and frankly that could take a while, because almost no one thinks they can get a favorable outcome at trial in the U.S. without a brobdignagian expenditure, so actual trials are quite rare. Even then, the policy of concealing methods and sources may mean that it takes a while before a sufficiently plum case arises such that law enforcement are willing to disclose a given technique required to support their case.



Or they just continue to use parallel construction and never expose the methods. Conversely whatever methods are exposed in public trials are probably not the most useful ones.



Parallel construction, by the way, can mean that you are charged with something completely different from what the self-appointed morality police have already convinced themselves you are guilty of.

Or they just continue to use parallel construction and never expose the methods. Conversely whatever methods are exposed in public trials are probably not the most useful ones.Parallel construction, by the way, can mean that you are charged with something completely different from what the self-appointed morality police have already convinced themselves you are guilty of.

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Sr. MemberActivity: 392Merit: 250 Re: [XMR] Monero Speculation September 02, 2015, 10:50:15 AM

Last edit: September 02, 2015, 11:07:46 AM by owm123 #8392 Quote Just to clarify, I was stating (obliquely) that Evolution and BTCe should have killed the myth of what was is in quotation. A tech savvy DMN thief who can't get the worlds largest regulatory non-compliment exchange to pass their stolen BTC is enough to let the normal cryptocurrency user know that BTC is not the coin for you if you want to smoothly and anonymously transact assets.



All the extra steps required to make your bitcoin payments private and anonymous just increase your chance of you "fucking it up". Btw, "dont fack it up" is the title of this defcon presentation All the extra steps required to make your bitcoin payments private and anonymous just increase your chance of you "fucking it up". Btw, "dont fack it up" is the title of this defcon presentation https://www.youtube.com/watch?v=J1q4Ir2J8P8 which explains how easy it is to "fuck it up" when you value your privacy and anonymity. Bitcoin is NOT anonymous: http://www.bitcoinisnotanonymous.com

pa



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Hero MemberActivity: 527Merit: 501 Re: [XMR] Monero Speculation September 02, 2015, 03:08:44 PM #8396 We've seen recently how discord between developers and also between factions in the larger community has slowed Bitcoin's development (and perhaps depressed its price), affecting the entire cryptocurrency sector. Monero's politics is more opaque. Here are some questions:



1. Do the XMR devs get along?

2. Do they share a vision for Monero's future?

3. Are there significant points of technical disagreement?

4. Does everyone agree on the development path (for example, that code review and optimization should precede "official" GUI development).

5. Does everyone agree on Monero's "governance model"?



The answers will influence Monero's probability of success and its price.

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LegendaryActivity: 2268Merit: 1041Monero Core Team Re: [XMR] Monero Speculation September 02, 2015, 04:49:55 PM #8397 Quote from: pa on September 02, 2015, 03:08:44 PM We've seen recently how discord between developers and also between factions in the larger community has slowed Bitcoin's development (and perhaps depressed its price), affecting the entire cryptocurrency sector. Monero's politics is more opaque. Here are some questions:



1. Do the XMR devs get along?

2. Do they share a vision for Monero's future?

3. Are there significant points of technical disagreement?

4. Does everyone agree on the development path (for example, that code review and optimization should precede "official" GUI development).

5. Does everyone agree on Monero's "governance model"?



The answers will influence Monero's probability of success and its price.



These are of course very valid questions; however there is a critical difference with Bitcoin here. Bitcoin has a fundamental flaw baked into the protocol requiring a hard fork that prevents Bitcoin from scaling regardless of any future technological change. Monero does not have this problem. This is of course the 1 MB blocksize limit. The current dispute in the Bitcoin community is directly related to this flaw. These are of course very valid questions; however there is a critical difference with Bitcoin here. Bitcoin has a fundamental flaw baked into the protocol requiring a hard fork that prevents Bitcoin from scaling regardless of any future technological change. Monero does not have this problem. This is of course the 1 MB blocksize limit. The current dispute in the Bitcoin community is directly related to this flaw. Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card

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hello world







Sr. MemberActivity: 453Merit: 500hello world Re: [XMR] Monero Speculation September 02, 2015, 04:59:05 PM #8398

i have not been active in the markets and feel many other holders like myself want to see where it goes without their constant intervention..at least until the fomo is back



this is healthy and also gives some confidence to people like risto, warz and whoever else. Its good to see the price relatively alive and stable without a single entity always supporting it.

managed to evolve to a situation(without selling a single coin) where i am fine with up or down, i really dont care that much short term, both seem fine

nice to see bids recovering, but still a long way to go. no idea why asks are up to 300k since some time. maybe new holders that dont manage to move coins to local storage ? (most orders are far away from current price, i do the same to prevent fat finger error, i once sold on polo by accident)i have not been active in the markets and feel many other holders like myself want to see where it goes without their constant intervention..at least until the fomo is backthis is healthy and also gives some confidence to people like risto, warz and whoever else. Its good to see the price relatively alive and stable without a single entity always supporting it.managed to evolve to a situation(without selling a single coin) where i am fine with up or down, i really dont care that much short term, both seem fine XMR Monero

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LegendaryActivity: 2534Merit: 1167 Re: [XMR] Monero Speculation September 02, 2015, 08:58:14 PM #8399 Quote from: pa on September 02, 2015, 03:08:44 PM We've seen recently how discord between developers and also between factions in the larger community has slowed Bitcoin's development (and perhaps depressed its price), affecting the entire cryptocurrency sector. Monero's politics is more opaque. Here are some questions:



1. Do the XMR devs get along?

2. Do they share a vision for Monero's future?

3. Are there significant points of technical disagreement?

4. Does everyone agree on the development path (for example, that code review and optimization should precede "official" GUI development).

5. Does everyone agree on Monero's "governance model"?



There have been no major disagreements on any of these points. Sure there are technical disagreements at times, but ultimately the vision on purely technical issues comes down to we try something and if it doesn't work out we can change it. There were some heated discussions about the emissions curve debate last year but ultimately we came to agreement on that point too.



In terms of overall vision we strongly agree, and have agreed since the beginning of Monero (i.e. well before the block size debate became a big deal), that Bitcoin's development model is badly broken. While I'm not sure I can state a specific consensus of the Monero team as to a root cause, my personal opinion is that it largely comes down to premature maturity imposed on the basis of wishful thinking (i.e. like nearly every teenager). The Bitcoin community and especially some of the devs convinced themselves (the 2013 pump didn't hurt) that Bitcoin was already a big deal ("Billions in market cap!"), was rapidly approaching maturity, and needed to be treated as critical financial infrastructure like Visa or even Fedwire as opposed to a work in progress. That was erroneous in every possible way.



No one working on Monero sees it as anything but a work in progress and if I have anything to do with it they won't for a very long time (far beyond Bitcoin's current maturity). There have been no major disagreements on any of these points. Sure there are technical disagreements at times, but ultimately the vision on purely technical issues comes down to we try something and if it doesn't work out we can change it. There were some heated discussions about the emissions curve debate last year but ultimately we came to agreement on that point too.In terms of overall vision we strongly agree, and have agreed since the beginning of Monero (i.e. well before the block size debate became a big deal), that Bitcoin's development model is badly broken. While I'm not sure I can state a specific consensus of the Monero team as to a root cause, my personal opinion is that it largely comes down to premature maturity imposed on the basis of wishful thinking (i.e. like nearly every teenager). The Bitcoin community and especially some of the devs convinced themselves (the 2013 pump didn't hurt) that Bitcoin was already a big deal ("Billions in market cap!"), was rapidly approaching maturity, and needed to be treated as critical financial infrastructure like Visa or even Fedwire as opposed to a work in progress. That was erroneous in every possible way.No one working on Monero sees it as anything but a work in progress and if I have anything to do with it they won't for a very long time (far beyond Bitcoin's current maturity).