[XMR] Monero Speculation

[aminorex]

For comparison, it would roughly be the same as going to 0.001 now, and afterwards hitting parity with BTC.  

Mercy, please.  You are making me ache with desire.

It would be remarkably easy to ding the price with a news hoax right now.  Premature though.

Monero is #21 on Hacker News (news.ycombinator.com).  You might want to vote for it.

[BitcoinNewsMagazine]

Now with the high volume there is some chance that classical TA like Elliott Wave could be useful. The August 21 high of .00938 would be very strong support and you can also consider the most recent Fibonacci levels:

[Roy Badami]

I wasn't aware you could get actual legit medications on DNMs. I may have to look into doing that.

It gets harder and harder every day to buy low-cost prescription medications with credit cards.  For payments that actually work, there's Monero.

That sounds like the voiceover to a commercial. It's true, though. The credit card companies have been cracking down on online pharmacies hard recently.
Little do they realize, they may be digging their own graves.

Unfortunately those who buy from illegal online pharmacies are often digging their own graves, too - that's part of the reason governments are cracking down on them.  The incidence of customers receiving medication that is at best ineffective and at worst actively dangerous seems to be quite high.

[dEBRUYNE]

Update on the official GUI

https://www.reddit.com/r/Monero/comments/50d54y/update_on_the_official_gui/


Update on 0MQ

https://www.reddit.com/r/Monero/comments/50d0u5/update_on_0mq/


Update on Trezor for Monero

https://www.reddit.com/r/Monero/comments/50cywx/update_on_trezor_for_monero/


Logs for the Kovri Dev Meeting Held on 2016-08-28

https://getmonero.org/2016/08/28/logs-for-the-Kovri-dev-meeting-held-on-2016-08-28.html


Overview and Logs for the Dev Meeting Held on 2016-08-28

https://getmonero.org/2016/08/28/overview-and-logs-for-the-dev-meeting-held-on-2016-08-28.html

[megadeth]

Impending launch of Zcash will supercharge XMR.
Theres demand for anoncoins and space for more than one.

[Dafar]

Impending launch of Zcash will supercharge XMR.
Theres demand for anoncoins and space for more than one.

Is Zcash not another alt coin? I thought it was a competitor like Dash... why would it supercharge XMR?

[Azael]

Looks like Ethereum Classic is passing by you guys tonight. I always like when my coins meet..

[aminorex]

Interesting, that there are 111 BTC virtually right on the bid, yet no one wants them.  They would rather keep their Monero.

[coinism]

slowly integrating the acceptance of a possible 500m xmr mc by the end of 2016. 5-10% btc mc atm seems impropable, but it might get there eventually.
it's currently at about 1.19% btc mc.
it's practical to stash your keep in xmr instead of btc. That alone should drive up the price for it's part.  

gui is key in the mid-long term if it actually wants to get to 500m.

[Anon136]

The gui thing is actually starting to become a big deal now. Previously almost everyone in the community was comfortable with CLI and we had no need to rush adoption so it didnt really matter very much. But now as we see slightly wider spread adoption, more people who are not comfortable with CLI are coming into the space. The problem here is that this probably means people are keeping WAY too many monero on the exchange. Making it a very ripe target for attack. A lot of people might get burned because of this.

[birr]

We know about the great run of 2013 but we never experienced it ourselves. And we want to. Everyone does. Everyone wants the thrill of watching a currency taking off and not coming back down.

Helloooo...  2014

[Altitude]

XMR classic. Scam right?

[Febo]

XMR classic. Scam right?

They sell tokens. I dont think you can call that a scam. But what will buyers do with them then is a mystery to me.

[RayX12]

Hello XMR baggers... are you done dumping yet??  Now let the rise continue! 

[Hueristic]

slowly integrating the acceptance of a possible 500m xmr mc by the end of 2016. 5-10% btc mc atm seems impropable, but it might get there eventually.
it's currently at about 1.19% btc mc.
it's practical to stash your keep in xmr instead of btc. That alone should drive up the price for it's part.  

gui is key in the mid-long term if it actually wants to get to 500m.

The Gui wrapper can be compiled and used right now. It failed on the import for me but I don't think the code is there yet (but I'm too lazy to look). It created a wallet just fine though. I compiled under latest ubuntu without issues (well one library was stubborn but thats not the programs fault).

Hello XMR baggers... are you done dumping yet??  Now let the rise continue! 

dump will never end when botnets get free coins, just get used to it.

XMR classic. Scam right?

99.99999% yes

[RayX12]

slowly integrating the acceptance of a possible 500m xmr mc by the end of 2016. 5-10% btc mc atm seems impropable, but it might get there eventually.
it's currently at about 1.19% btc mc.
it's practical to stash your keep in xmr instead of btc. That alone should drive up the price for it's part.  

gui is key in the mid-long term if it actually wants to get to 500m.

The Gui wrapper can be compiled and used right now. It failed on the import for me but I don't think the code is there yet (but I'm too lazy to look). It created a wallet just fine though. I compiled under latest ubuntu without issues (well one library was stubborn but thats not the programs fault).

Hello XMR baggers... are you done dumping yet??  Now let the rise continue! 

dump will never end when botnets get free coins, just get used to it.

XMR classic. Scam right?

99.99999% yes

How many coins are mined by botnets..   

Also I suspect a coordinated effort to dump XMR with the classic scam timed just right.  Some whales are playing along with the scam to hold the rise and profit.  But hey, this is crypto full of scams, thiefs, manipulators, extremist, etc.

[RayX12]

By the way you (Hueristic) fudster... monero block time = 120 sec (2 minutes)
moneritos ber block = 10.8066
Total moneros per day = 24hr x 60 / 2 x 10.8 = 7776 XMR
Assuming that your botnets controlled the entire network (you probably wish) that is a wapping
7776 * 0.0145 = 112 BTC a day  
Keep dreaming of getting cheap moneros you looser you are not going to do anything with your fucking botnets.

[mastertrader777]

What in the heck is going on here?

6700+ BTC of support ?

I caught this earlier - it was up for about 4 mins.

None of it was sold into.



My thoughts here:



What do you guys think?

Cheers,

mastertrader777

[shmadz]

The gui thing is actually starting to become a big deal now. Previously almost everyone in the community was comfortable with CLI and we had no need to rush adoption so it didnt really matter very much. But now as we see slightly wider spread adoption, more people who are not comfortable with CLI are coming into the space. The problem here is that this probably means people are keeping WAY too many monero on the exchange. Making it a very ripe target for attack. A lot of people might get burned because of this.

While of course the GUI will be nice, and an added bonus, I don't think it's that big of a deal.

Consider the following three broad categories:

Early adopters - (you covered this already, but anyways  ) while the gui will be some icing on the cake, I would say most of us are comfortable enough with the command line. Also, we're already in; we may provide support in the event of a price drop, and liquidity as the price rises,  but you will not see significant growth from this group at this point (assuming we've all entered long ago and are happy with our respective positions)

Speculators: these guys pretty much need to keep their coins on exchange anyways; whether they are loaning coins, borrowing coins, making a market through open bid and ask positions, etc.

DNM users: typically they would be holding relatively small amounts for short periods of time. I think Shapeshift and MyMonero are sufficient for this use case. Or, even easier and more important than a GUI, if there were a fiat/xmr exchange that they can use to simply buy Monero and transfer direct to the online merchant...

[shmadz]

Speaking of the GUI...

Update on the official GUI

https://www.reddit.com/r/Monero/comments/50d54y/update_on_the_official_gui/

but it will, for example, allow users of the GUI to pay any Bitcoin address with Monero from their GUI wallet using an xmr.to plugin.

WOW!  this would be a fantastic ease of use feature! Allows quick and easy inclusion of all existing bitcoin accepting vendors. Very cool! I'm getting more excited every day!