It blows me away when I think that no fiat actually enters the crypto economy.
People simply trade away the fiat which they consider less valuable to get their hands on crypto. The only thing entering the system is human belief and a new human who agrees in the rising value of crypto.
I've never really thought about it that way... And that just goes to prove that things are becoming more and more digitalized; so if that's the case, why not make a system that doesn't require human intervention/politics, using resources to print notes unnecessarily, and creating perpetual debt for citizens. Seems prefectural logical to me... But unfortunately people stick to what's "comfortable" and not "logical". No TPTB use all means to resist change that may lower or remove their power. It has nothing to do with people sticking to whats comfortable. |
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XMR is doing better than any cryptocurrency right now. It's the only one (with ETH) that pump during the BTC pump. Very strong.
I Doubt XMR is a pump. With so much chinese moving capitol into alts Monero is a great hedge and is very stable vs USD in comparison. I'm glad I've held through the BTC bubble so far. If it's a bubble, who knows. Can anyone confirm whats being said of large Chinese money shorting BTC and they are covering now. ETH OTOH is a self sustaining bubble ATM, DAO bought it alot of time. Those boys are gonna get real butthurt. |
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Apparently Resistance is futile!
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I was editing when you linked this. checking now. Just invested 2000$ in Monero, IT HAS POTENTIAL TO GO TO THE MOON!
Indeed. But, had you invested that 2k last week, you would have saved roughly 40 cents usd per coin! ... IOTW, this coin is not for people who think it will just always rise... This coin moves ... A LOT... Just strap in for the ride. I too dumped 1k into it again last night @ 1USD per coin!  Should I be flipping them then? just sitting on my stash from about the first few weeks. I am underwater I guess because people would probably sell where I brought *doh lol I don't feel to bad with this. Could be better but I was lucky enough to find this coin when it was obvious there was better mining software so didn't get involved until everything leveled out pretty much. And never setup my gpu farm for xmr. Average Buy Price: 0.00215057 BTC |
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Is there an easier way than coingecko to compare multiple coins vs usd stability? Something with overlays that calculates a set range for volatility? I'd like to find stats for price stability comparisons over a coins lifetime after the initial fluctuation, IOW what is the safest store vs usd. I think XMR is way above the pack for almost 2 years now. It sure isn't BTC. https://www.coingecko.com/en/chart/monero/usd |
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Also, don't forget the bitcoin.com puff piece on Zcash that straight-up lied about not being affiliated with the project (Ver owns bitcoin.com!). Sorry, but he's run out of chances.
I vaguely remember this...do you have a link? Seems shady that he would put up a statement in a piece about cash on his own website. Then again this is the same guy who told people the mtgox was A-OK in 2013 just before it went bust. It lists Zcash's investors but conveniently leaves Ver's name out. Then at the bottom of the article is a disclaimer that reads: "Disclaimer: Bitcoin.com is not affiliated with any of the above-mentioned businesses." It's even a little bit worse than that. The original Wired article they quoted included Ver's name but they took it out of the quote. bitcoin.com: The publication Wired details that investors such as Naval Ravikant and the Digital Currency Group’s Barry Silbert have invested over $700,000 USD into the startup. Wired: Those investors include Naval Ravikant, an investor in Twitter and Uber, Barry Silbert, the founder of startup equity-trading platform SecondMarket, and Roger Ver, a staunch libertarian who’s invested in bitcoin startups Blockchain.info and Bitpay, and who also bankrolled much of the legal defense of now-convicted Silk Road creator Ross Ulbricht Thanks Johnny/Smooth I think I fucking hate this Libertarian Capitalist scumbag. BTW, has anyone called him out on twaater about this? That's great! Shorters catching it in the butt finally! Yea. The lending rates on polo are extremely high compared to normal levels. Personally I think its dangerous to short at this point too many people are already shorting and they will have to eventually close on their positions. On top of that the manipulator that pumped yesterday may come back to squeeze out these shorts (That's what i would do if was trying to pump this anyway). And as a side note i really don't understand all the bashing on the trollbox on polo. As soon as this went up the mood was that everyone should short Monero because its a manipulative pump, however Eth has been blatantly been pumped by whales now for weeks and everyone was all hyped up for that pump, i don't get it.  My guess is those yelling short are in the pump group squeezing. It's more than likely ETH profit doing it IMO. Such a shame, I admit I'm jelly I didn't grab some scam eth just to have m0ar xmr now. |
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Shen Noether (NobleSir) already responded. Zcash team (Ian Miers -> https://z.cash/team.html) should at least know their shit before they respond. He hadn't yet when I posted. I love to watch our Devs school fudders and outright shills lying with technobabble. .  |
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weird. The wave pattern theoretically caused by the 1 minute blocktime seems to have disappeared, but now difficulty seems anything but smooth after the fork. http://chainradar.com/xmr/chartas you click through the different coins on chainradar, this seems to be related to the network hashrate - at least the magnitude of the swings. I ponder if "difficulty sniping" will become a thing at some point. Or difficulty manipulation. Imagine you have a lot of hashpower, like 10 MH. 2.04 - Mon, Jun 6th peak 1:50 1.64 - Mon, Jun 6th bottom 18:33 The delta of those 2 is considerable. I don't feel like doing the math right now, but theoretically your more likely to have a dice roll result that meets the 1.64 difficulty than the 2.04 difficulty, just due to the change in the volume of the "winning" results space, right? So ultimately, if you have considerable hashrate available that can be switched on and off, you would monitor the network till it dips, slam on your MH machine, and then find a bunch of blocks until the algorithm adjusts to your hashpower. Then you'd switch off, saving money by not using electricity, and wait for it to die down again. This would wreak havoc on blocktimes. In other news, a brief glance at the timestamps on moneroblocks.info suggests that the backwards time stamping pool is offline. YAY. clearly a slow day at work. We've seen this for awhile now, throw in a pull request. There's no reason (that I can think of) that the addition of a algorithm check cannot be thrown in to que/skip miners to not receive blocks that are low diff (in comparison) if they have not worked on previous higher diff one's within a set timeframe. Sounds like a trivial addition for a hardfork and one that should alleviate gamers of the system. |
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... It seems i misunderstood something. When they say that none of customers founds was lost i not sure why understand it as in general.  Too bad, I hoped they caught the prick. What did you think of the article I linked? AFA Eth pair, it was inevitable but i'm not sure it is a good thing. I still see Eth as being a scam, it's just gotten enough dupes to make it a long one. But then again so was drk and it still limps along. |
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I don't see anywhere in that article that says the hackers got nothing, actually They even got an extra 2btc just to tell them how they did it. Maybe I missed something? I'm not going to re-read the whole thing. Have you read this? http://hackingdistributed.com/2016/04/25/shapeshift-hack-simply-incredible/Sophism lives in Monero community! Socrates would be sad   I am out. Community sucks, with some bright exceptions. Blah Blah ranting and raving. Looks like a buy signal to me, too bad I got ruined this last 5 days at the tables. Well last day this trip, I better get my head on straight cause I wanna buy m0ar. |
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... Just remember last Shapeshift hack. Hacker had insiders infos and got nothing at end.
I didn't know this. Great News. You got the link? |
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Good reading, well above my absorption rate these days.  Why talk about yourself in third person? |
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this thread still exists? lol
And it will be far longer than the quick Waves P&D. |
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For everyone to know who and what you're facing here, Daniel (BCX) threatened to exploit Monero but failed big time. His sole weapon is air out of his mouth, that's all there is to it *facepalm* and that's all there is to his latest thread that you're reading here *double facepalm*. He's trying to move the markets with fear, uncertainty and doubt.
-mm
Hm, this reminds me that Litecoin story where one guy promised to kill it. Did Monero users beg him not to do that? Litecoin users were crying like girls back those days. During his threats is when I decided to buy in just to show support after watching the thread for months, it never ceases to amaze me how easily people are manipulated. Took me quite awhile to break even from all the little girlies that ran like pussy ass bitches back then. No sour grapes here. Anyway great to see the soap opera saga never gets old on BCT. Where's my popcorn. Makes note that wall still there, wow maybe adults are behind it? |
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5) Estimate the value of a coin by it's market capitalization (the combined value of all its coins) rather than the price of one coin.
Most people go to sites like Coinmarketcap.com and look at the market capitalization of a coin to decide if it is cheap or expensive. The price of one coin is meaningless.
BE Aware that heavily pre-mines will have hugely manipulated market caps. Be wary of coins with Moderated Announcement and/or support threads. When vetting always check supporters past ventures and trust rating. Trust rating can be hard to gauge so you can find ratings from members you do trust and gauge from their circle. Never forget investing is nothing but gambling. Consider your money already gone when it's out of your control. Of course there is nothing wrong with altruistic support of what you believe in. |
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