[XMR] Monero Speculation

[Anon136]

I apologize. Really I do.  Heuristic already warned you what this could mean...

I am buying here.  Will be pulling the trigger in a few moments.

I expect BTC will bounce near or before 7.2k and chances are XMR will follow it up.

What support is there at 7.2? Seems to me that it's open air till 6.

Voodoo.  Looking at recent triple top resistance it's the 78% fib area.  It also corresponds with some good consolidation from back in November before we went berserk till Christmas.



Like I said... vodoo. 

I also like the fundamentals situation of BOTH Bitcoin and Monero right now.

Haha fair enough. It's all voodoo anyway. Self fulfilling prophecies at best. But you know self fulfilling prophecies are predictable (in theory) even if they are just the product of some emergent property of human nature rather than anything fundamental.

[cAPSLOCK]

I apologize. Really I do.  Heuristic already warned you what this could mean...

I am buying here.  Will be pulling the trigger in a few moments.

I expect BTC will bounce near or before 7.2k and chances are XMR will follow it up.

What support is there at 7.2? Seems to me that it's open air till 6.

Voodoo.  Looking at recent triple top resistance it's the 78% fib area.  It also corresponds with some good consolidation from back in November before we went berserk till Christmas.



Like I said... vodoo. 

I also like the fundamentals situation of BOTH Bitcoin and Monero right now.

Haha fair enough. It's all voodoo anyway. Self fulfilling prophecies at best. But you know self fulfilling prophecies are predictable (in theory) even if they are just the product of some emergent property of human nature rather than anything fundamental.

Dingding...

Orders filled.  Wow that was fast.  Wonder if these were Jihan's originally...  who knows?

Cross your fingers...

[Hueristic]

I apologize. Really I do.  Heuristic already warned you what this could mean...

I am buying here.  Will be pulling the trigger in a few moments.

I expect BTC will bounce near or before 7.2k and chances are XMR will follow it up.

What support is there at 7.2? Seems to me that it's open air till 6.

There is much hidden you must learn my young skywalker.
(hiddens buys and such make it so the aggregate tools are not really accurate)

Looks like the blood letting has slowed a bit.

So I just figured out that if I bought today instead of the last 5 times I bought over the last month and a half I'd have 15% more. Fuck.

[xxxx123abcxxxx]

https://asktom.cf/index.php?topic=2711461.0
https://redd.it/7z8u6n

31-JAN-2018


21-FEB-2018


17-MAR-2018

[cAPSLOCK]

I am all for contrarian viewpoints.  But I just added the above chart magician to my ignore list.  His one trick has gotten old.

[yokosan]

zec and xmr will be a nice year. because monero is older, the number of conservative investors is too high. XMR still has an important place in mining.

[Fragbait]

What actually happened to Monero in the last two or three weeks ? The price fell by more than 20 percent. I do not think anyone expected this.

The rise was exchange hackers converting NEM to Monero and now we are back to levels where we were when they started.

Also probably fear that more exchanges might start banning Monero.

[Raja_MBZ]

What actually happened to Monero in the last two or three weeks ? The price fell by more than 20 percent. I do not think anyone expected this.

Have you checked out coinmarketcap.com lately? Have you tried noticing the dark red color of whole market there?

[johnalan]

What actually happened to Monero in the last two or three weeks ? The price fell by more than 20 percent. I do not think anyone expected this.

The rise was exchange hackers converting NEM to Monero and now we are back to levels where we were when they started.

Also probably fear that more exchanges might start banning Monero.

“Banning Monero”

Lol

[generalizethis]

What actually happened to Monero in the last two or three weeks ? The price fell by more than 20 percent. I do not think anyone expected this.

Have you checked out coinmarketcap.com lately? Have you tried noticing the dark red color of whole market there?

I'm still amazed at how myopia doesn't let people pull charts out from more than 6 months or read more than one listing on CMC--they just see whatever confirms their bias and go, "Welp that's my research, look how well I proved that!"

[solias]

https://www.japantimes.co.jp/news/2018/03/17/business/coincheck-stop-handling-three-virtual-currencies-give-owners-anonymity/#.Wq7BLpPwYUE

Thoughts about COINCHECK dropping privacy coins? What does your guts feel, will other exchanges follow suit?

Is there any institutional entity in the U.S. (like SEC, etc.) that could pressure U.S. exchanges to remove coins whose movements are untraceable and blockchains unreadable? If yes, what would the legal supporting arguments be, and what lawful and unlawful means could they utilize?

I can see a constitutional wall they must break before they can break one's right to privacy and one's right to run the software one wishes.

[amaral1977]

https://www.japantimes.co.jp/news/2018/03/17/business/coincheck-stop-handling-three-virtual-currencies-give-owners-anonymity/#.Wq7BLpPwYUE

Thoughts about COINCHECK dropping privacy coins? What does your guts feel, will other exchanges follow suit?

Is there any institutional entity in the U.S. (like SEC, etc.) that could pressure U.S. exchanges to remove coins whose movements are untraceable and blockchains unreadable? If yes, what would the legal supporting arguments be, and what lawful and unlawful means could they utilize?

I can see a constitutional wall they must break before they can break one's right to privacy and one's right to run the software one wishes.

A while ago when BTC was thought to be anonymous it was the boogeyman... Now privacy coins are the target. But isn´t this the whole point? Financial freedom and struggle for individual privacy that brought us here?

[cryptokwuk]

After the MoneroV fork Monero will be as "anonymous" as Bitcoin.

The few people that don't claim their MoneroV and cash out will be left with both compromised Monero holdings and an ever sinking market value.

For anybody thinking that it's 'smart' not to claim XMV... Wat is smart is to have a protocol where this kind of attack isn't even possible. Don't just blame XMV for attacking Monero, blame Monero for having a critical vulnerability. It's as much a social exploit as a technical one. The technical one makes the social attack possible in the first place. FIX THE PROTOCOL!

[Febo]

https://www.japantimes.co.jp/news/2018/03/17/business/coincheck-stop-handling-three-virtual-currencies-give-owners-anonymity/#.Wq7BLpPwYUE

Thoughts about COINCHECK dropping privacy coins? What does your guts feel, will other exchanges follow suit?

Stop handling currencies will not help them much. They should focus on the security. If you have service where you hold others peoples money you need to put a lot of your effort to secure that money.

[Shnikes101]

https://www.japantimes.co.jp/news/2018/03/17/business/coincheck-stop-handling-three-virtual-currencies-give-owners-anonymity/#.Wq7BLpPwYUE

Thoughts about COINCHECK dropping privacy coins? What does your guts feel, will other exchanges follow suit?

Is there any institutional entity in the U.S. (like SEC, etc.) that could pressure U.S. exchanges to remove coins whose movements are untraceable and blockchains unreadable? If yes, what would the legal supporting arguments be, and what lawful and unlawful means could they utilize?

I can see a constitutional wall they must break before they can break one's right to privacy and one's right to run the software one wishes.

A while ago when BTC was thought to be anonymous it was the boogeyman... Now privacy coins are the target. But isn´t this the whole point? Financial freedom and struggle for individual privacy that brought us here?

In the US, I believe the pressure would generally come from FinCEN, SEC and the tax man - I imagine they'd be arguing KYC,  exchanges follow existing security laws and pay your taxes.
The bigger exchanges in the US should be able to handle this.

[sp_skeptic]

After the MoneroV fork Monero will be as "anonymous" as Bitcoin.

The few people that don't claim their MoneroV and cash out will be left with both compromised Monero holdings and an ever sinking market value.

For anybody thinking that it's 'smart' not to claim XMV... Wat is smart is to have a protocol where this kind of attack isn't even possible. Don't just blame XMV for attacking Monero, blame Monero for having a critical vulnerability. It's as much a social exploit as a technical one. The technical one makes the social attack possible in the first place. FIX THE PROTOCOL!

Hard to see how this could be done on a protocol level. Anyone can fork, and how can you prevent people exposing their private keys to the new fork if they want to?

I will move my Monero to a new wallet just before the fork, and the original Monero to another new wallet just after. That should solve the problem for me. Of course, many won't bother to do this.

[Shnikes101]

After the MoneroV fork Monero will be as "anonymous" as Bitcoin.

The few people that don't claim their MoneroV and cash out will be left with both compromised Monero holdings and an ever sinking market value.

For anybody thinking that it's 'smart' not to claim XMV... Wat is smart is to have a protocol where this kind of attack isn't even possible. Don't just blame XMV for attacking Monero, blame Monero for having a critical vulnerability. It's as much a social exploit as a technical one. The technical one makes the social attack possible in the first place. FIX THE PROTOCOL!

Hard to see how this could be done on a protocol level. Anyone can fork, and how can you prevent people exposing their private keys to the new fork if they want to?

I will move my Monero to a new wallet just before the fork, and the original Monero to another new wallet just after. That should solve the problem for me. Of course, many won't bother to do this.

As to the key image attack, there were several mitigations that were discussed and one that I believe has been approved on github and should be included in the upcoming release. To say the Dev team and/or community is doing nothing is false.
Talking about PR 3322.

[Veseloff]

I have been holding Monero for a long time, at the beginning I was glad when its price grew. But now I'm very upset like many investors, I wonder how long this fall will continue!

[cryptokwuk]

... Anyone can fork, and how can you prevent people exposing their private keys to the new fork if they want to?

That depends entirely on the protocol, we have a few cryptos that are fundamentally impossible to fork.

[Anon136]

Don't just blame XMV for attacking Monero, blame Monero for having a critical vulnerability. It's as much a social exploit as a technical one. The technical one makes the social attack possible in the first place. FIX THE PROTOCOL!

Hard to see how this could be done on a protocol level.

I offered a solution here https://forum.getmonero.org/6/ideas/90040/full-solution-to-ring-signature-partner-reuse-on-fork-chain Unfortunately it's being ignored by all the devs. Maybe they don't check the forum. Not sure. It would have been nice if a developer could have alteast commented on it. But w/e. I assure you that it is not an insoluble problem. This is the key.

The idea is to alter the ring signature partner selection algorithm such that it is functionally random to any outside observer but deterministically derived from factors that both the main chain and fork chain would have in common.

*edit* Never mind.