I posit that we call this "the dash indicator". If we pass it than no one will blame you for taking some profit but so long as we are under it you can feel safe that this market has further yet to run so just HODL.


I have a theory. They gain massive advantages from their centralized master node system. The exact same advantages that traditional banking has over crypto currencies. Scalability and a sort of privacy (you cant look at my bank activity). While at the same time claiming the clout that comes from being a decentralized crypto currency (even though they are more like traditional banking in reality). In a sense they have figured out how to have their cake and eat it too.

Also what rangedriver said too.

You never have to worry about monero being over valued so long as it is valued at less than dark coin

Hm. Interesting. I had trouble withdrawing iota from bitfinex myself but I can't say that I ever tried to withdraw anything else from there so I'll take your word for it.

Also. Smart call buying monero

Sounds more like a problem with bitfinex...

Haha I wish I could have figured that one out. I long since turned my last bitcoin into monero. I am helpless against monero's siren call.

Not every node keeps track of every transaction on the tangle. If it did than we wouldn't be proactively addressing the scaling problem now would we? We would be just the same as all the other projects. A huge part of the reason for this projects existence is to develop a DLT that can prevent double spending without any individual node needing to be aware of more than a small part of the entire ledger. As it happens your node isn't currently aware of the part of the tangle that has your transaction, this is to be expected to happen sometimes and can be remedied quite easily.

Back then the faucet gave out a bitcoin.

It would be a dream come true for a lot of people.

Noobs.

Price is not a very useful indicator for gauging bubbles. I think the only really useful way to think about bubbles is to ask things like: How many of your neighbors own crypto? What about your family? Co workers? Does the corner shop accept any crypto as payment? What about the food lion? What about the walmart? There may be corrections on the way up to be sure. But we can't be in true bubble territory until a significant number of normal people have bought in.

Does anyone have a feel for the darknets? How common is monero over there? Is bitcoin still dominant? If so how close is monero behind it?

This is good fodder for speculation. I'm going to move the conversation over there and lets see if anyone has any idea over there.

The only thing preventing monero from being the dominant darknet currency was a lack of multisig. Multisig is particularly important for darknet transactions and particularly tricky for monero to implement. Fortunately despite the difficulty our amazing devs are preparing to push multisig support out onto the main net very soon. As stated a few posts above. Not just soon(tm) actually soon. This is very very big news. It's starting to be priced in but I do not think the implications of it are anywhere near all the way priced in. Monero is soon going to be the first cryptocurrency to see significant real world use since bitcoin.

Hopefully everyone who owns more than 1 TIO and is interested in cashing some of it out is smart enough to cash out gradually over the longest time scale they are comfortable with.

So there are 2.1 quadrillion currency units that will be produced in the bitcoin system. If you take the total value of all of the money on the planet thats about 60 trillion. If you divide 60 trillion by 2.1 quadrillion you get about 3 cents. So if bitcoin took the place of all money on the planet each currency unit would be worth about 3 cents. Which is a perfect amount of minimum resolution. So that's a pretty good guess where he came up with that figre. Next I'm thinking that he went back and put a decimal in there where he thought a bitcoin would end up being worth about a dollar after it gained a nice little niche community. So one is the wildly optimistic upper bound and the decimal is the realistic lower bound.

These are still the very early days. The software is still in beta. The unclaimed funds are just starting to come available to be used to hire new talent to work on the code base. An optimistic but not too pie in the sky hope is that we can see ethereum like valuations someday.

What I mean is that we are paying for it by having our balance sometimes show up as 0 and our transactions sometimes not go through properly, all the stuff he complained about.

Have you ever heard the phrase "there is no such thing as a free lunch?" Sacrifices must be made in order to allow 0 transaction fee transactions. The fact that it even kinda works at all is a damned miracle. The hope is that from this humble foundation something amazing can be built.

Depends how old your old one was. You may need to use the reclaim tool. Otherwise you may need to generate several addresses inorder to locate your balance.