[XMR] Monero Speculation

[Febo]

I am interested in the fact XMR volume seems to be on the rise, or at least staying solid.

Any thoughts?

There is a lot of talk about Monero. Any kind of talk. New protocol upgrade. New mining algo. Listing on exchanges and of exchanges. Bad guys trying to spread malware to mine Monero. Different crypto influencers talk about all that. When people learn about Monero are shocked of 0.1 cent transaction fees. And mostly are shocked, that Monero actually is what they thought they got when first bought Bitcoin.


Monero have usecase and it is used. That is why price when going down will go much less as of other useless coins. Monero ZEC price flippering happened a month or two ago. Now you can already get 2 ZEC for a Monero.

[Hueristic]

I am interested in the fact XMR volume seems to be on the rise, or at least staying solid.

Any thoughts?

There is a lot of talk about Monero. Any kind of talk. New protocol upgrade. New mining algo. Listing on exchanges and of exchanges. Bad guys trying to spread malware to mine Monero. Different crypto influencers talk about all that. When people learn about Monero are shocked of 0.1 cent transaction fees. And mostly are shocked, that Monero actually is what they thought they got when first bought Bitcoin.


Monero have usecase and it is used. That is why price when going down will go much less as of other useless coins. Monero ZEC price flippering happened a month or two ago. Now you can already get 2 ZEC for a Monero.

You hit that nail on the head, now if only the eco system gets integrated into mainstream markets. Also the transaction fees are something you don't hear enough about, I'm glad you mentioned that.

[elrippos friend]

I am interested in the fact XMR volume seems to be on the rise, or at least staying solid.

Any thoughts?

There is a lot of talk about Monero. Any kind of talk. New protocol upgrade. New mining algo. Listing on exchanges and of exchanges. Bad guys trying to spread malware to mine Monero. Different crypto influencers talk about all that. When people learn about Monero are shocked of 0.1 cent transaction fees. And mostly are shocked, that Monero actually is what they thought they got when first bought Bitcoin.


Monero have usecase and it is used. That is why price when going down will go much less as of other useless coins. Monero ZEC price flippering happened a month or two ago. Now you can already get 2 ZEC for a Monero.

You hit that nail on the head, now if only the eco system gets integrated into mainstream markets. Also the transaction fees are something you don't hear enough about, I'm glad you mentioned that.

It is a bit like mainstream media in the crypto world. The more users you gain, the uninformed user base grows, so this is a thing about education  

[Hueristic]

I am interested in the fact XMR volume seems to be on the rise, or at least staying solid.

Any thoughts?

There is a lot of talk about Monero. Any kind of talk. New protocol upgrade. New mining algo. Listing on exchanges and of exchanges. Bad guys trying to spread malware to mine Monero. Different crypto influencers talk about all that. When people learn about Monero are shocked of 0.1 cent transaction fees. And mostly are shocked, that Monero actually is what they thought they got when first bought Bitcoin.


Monero have usecase and it is used. That is why price when going down will go much less as of other useless coins. Monero ZEC price flippering happened a month or two ago. Now you can already get 2 ZEC for a Monero.

You hit that nail on the head, now if only the eco system gets integrated into mainstream markets. Also the transaction fees are something you don't hear enough about, I'm glad you mentioned that.

It is a bit like mainstream media in the crypto world. The more users you gain, the uninformed user base grows, so this is a thing about education  

No, you can never educate the masses. All you can do is provide them the tools to protect themselves and then convince them to use those tools.

The majority are morons who are manipulated by TPTB to believe what is good for the elite is good for them.

[Mbatu]

Monero is awesome!
I love real privacy cryptos: Monero and the up and coming Mimble Wimble tech like Grin and Epic Cash.
People need to know!

[elrippos friend]

I am interested in the fact XMR volume seems to be on the rise, or at least staying solid.

Any thoughts?

There is a lot of talk about Monero. Any kind of talk. New protocol upgrade. New mining algo. Listing on exchanges and of exchanges. Bad guys trying to spread malware to mine Monero. Different crypto influencers talk about all that. When people learn about Monero are shocked of 0.1 cent transaction fees. And mostly are shocked, that Monero actually is what they thought they got when first bought Bitcoin.


Monero have usecase and it is used. That is why price when going down will go much less as of other useless coins. Monero ZEC price flippering happened a month or two ago. Now you can already get 2 ZEC for a Monero.

You hit that nail on the head, now if only the eco system gets integrated into mainstream markets. Also the transaction fees are something you don't hear enough about, I'm glad you mentioned that.

It is a bit like mainstream media in the crypto world. The more users you gain, the uninformed user base grows, so this is a thing about education  

No, you can never educate the masses. All you can do is provide them the tools to protect themselves and then convince them to use those tools.

The majority are morons who are manipulated by TPTB to believe what is good for the elite is good for them.

Well you can try 

[KeyJockey]

No, you can never educate the masses. All you can do is provide them the tools to protect themselves and then convince them to use those tools.

The majority are morons who are manipulated by TPTB to believe what is good for the elite is good for them.

Well you can try  

"Never Wrestle With A Pig -
You'll Just Be The One Who Ends Up Getting Dirty.

And Besides... The Pig Likes It"

.

[Febo]

One hour left until the protocol upgrade. There is Monero coffee chat live right now and will last thru upgrade: https://www.youtube.com/watch?v=Cz_xiU_x9bs

[KeyJockey]

One hour left until the protocol upgrade. There is Monero coffee chat live right now and will last thru upgrade: https://www.youtube.com/watch?v=Cz_xiU_x9bs

Oh shit, really?  I just sent a small XMR transaction from one of my wallets to another.  Is that gonna be any problem?  Wasn't aware if there's a moratorium on TX while upgrade runs?  Or...?

Well it's only like twenty bucks worth anyway so no big deal if so.  Fingers crossed I guess LOL

[Febo]

One hour left until the protocol upgrade. There is Monero coffee chat live right now and will last thru upgrade: https://www.youtube.com/watch?v=Cz_xiU_x9bs

Oh shit, really?  I just sent a small XMR transaction from one of my wallets to another.  Is that gonna be any problem?  Wasn't aware if there's a moratorium on TX while upgrade runs?  Or...?

Well it's only like twenty bucks worth anyway so no big deal if so.  Fingers crossed I guess LOL

Definitely not. All you need is to have updated wallet at receiving end to use them after protocol upgrade happened. It went smooth as always. Merry RandomXmass and happy Chameleon everyone.



 

[Hueristic]

No, you can never educate the masses. All you can do is provide them the tools to protect themselves and then convince them to use those tools.

The majority are morons who are manipulated by TPTB to believe what is good for the elite is good for them.

Well you can try  

"Never Wrestle With A Pig -
You'll Just Be The One Who Ends Up Getting Dirty.

And Besides... The Pig Likes It"

ROTF, yeah you got that right!

Definitely not. All you need is to have updated wallet at receiving end to use them after protocol upgrade happened. It went smooth as always. Merry RandomXmass and happy Chameleon everyone.



 

Nice.

Well you can try  

Do it long enough and you will learn its a zero sum thankless game that will only age you prematurely.

[Febo]

Number of transactions is looking good in last 3 months.

                 Monero     Bitcoin       Ratio
Nov 2019   212,716   9,243,776   2.30%
Oct 2019   179,114   9,892,853  1.81%
Sep 2019   159,225   9,798,992   1.62%

[phishead]

Number of transactions is looking good in last 3 months.

                 Monero     Bitcoin       Ratio
Nov 2019   212,716   9,243,776   2.30%
Oct 2019   179,114   9,892,853  1.81%
Sep 2019   159,225   9,798,992   1.62%

You know it would be interesting to see a chart of historical BTC/XMR tx ratio vs. BTC/XMR price...

[jwinterm]

Number of transactions is looking good in last 3 months.

                 Monero     Bitcoin       Ratio
Nov 2019   212,716   9,243,776   2.30%
Oct 2019   179,114   9,892,853  1.81%
Sep 2019   159,225   9,798,992   1.62%

You know it would be interesting to see a chart of historical BTC/XMR tx ratio vs. BTC/XMR price...

https://bitinfocharts.com/comparison/transactions-btc-xmr.html#log

https://bitinfocharts.com/comparison/price-btc-xmr.html#log

Best I can do on mobile.

[Febo]

Today many transactions are made on lightning. But some say that a lot Bitcoins onchain transactions are just tumbling coins with hope to make them untraceable. So this numbers cant tell us much, but trend can always tells us something.

[Hueristic]

Today many transactions are made on lightning. But some say that a lot Bitcoins onchain transactions are just tumbling coins with hope to make them untraceable. So this numbers cant tell us much, but trend can always tells us something.

Is there a forensic analysis of this around?

[suzanne5223]

Today many transactions are made on lightning. But some say that a lot Bitcoins onchain transactions are just tumbling coins with hope to make them untraceable. So this numbers cant tell us much, but trend can always tells us something.

Is there a forensic analysis of this around?

There's definitely no forensic analysis about it but people believe the on chain transaction to be an act of tumbling coins because the transactions on Lightning network are encrypted and sent via the network from sender to receiver while the transaction are not broadcast publicly.

[Hueristic]

Today many transactions are made on lightning. But some say that a lot Bitcoins onchain transactions are just tumbling coins with hope to make them untraceable. So this numbers cant tell us much, but trend can always tells us something.

Is there a forensic analysis of this around?

There's definitely no forensic analysis about it but people believe the on chain transaction to be an act of tumbling coins because the transactions on Lightning network are encrypted and sent via the network from sender to receiver while the transaction are not broadcast publicly.

I never thought of that, can you tell what coins are being used before you use a channel?

It would suck to find out your coins are tainted from using lightning.

[suzanne5223]

Today many transactions are made on lightning. But some say that a lot Bitcoins onchain transactions are just tumbling coins with hope to make them untraceable. So this numbers cant tell us much, but trend can always tells us something.

Is there a forensic analysis of this around?

There's definitely no forensic analysis about it but people believe the on chain transaction to be an act of tumbling coins because the transactions on Lightning network are encrypted and sent via the network from sender to receiver while the transaction are not broadcast publicly.

I never thought of that, can you tell what coins are being used before you use a channel?

It would suck to find out your coins are tainted from using lightning.

Is not that the coins are totally tainted and the lightning team make their platform to be somehow restricted to third parties because they respect people privacy and they also need to embrace the legacy implemented by Satoshi.
With that been said, i don't know the actual number of coins that supported the lightning network now but the last time i checked they are 11 (Btc, Ltc, Vertcoin, Viacoin, Ravencoin,Groestlcoin etc).

[tokeweed]

Today many transactions are made on lightning. But some say that a lot Bitcoins onchain transactions are just tumbling coins with hope to make them untraceable. So this numbers cant tell us much, but trend can always tells us something.

Is there a forensic analysis of this around?

There's definitely no forensic analysis about it but people believe the on chain transaction to be an act of tumbling coins because the transactions on Lightning network are encrypted and sent via the network from sender to receiver while the transaction are not broadcast publicly.

I never thought of that, can you tell what coins are being used before you use a channel?

It would suck to find out your coins are tainted from using lightning.

I think Lightning removes the taint.  Is there a site that traces all transactions made in it?  I'm not really familiar with the new stuff anymore.  Lol.