Before iCEBREAKER wets his nappies with glee at pipping Dash on ranking, from the perspective of any single holder, Dash never lost its "anonymity market share".

Monero just printed 4 times the coins that Dash did over the last few years.



Meanwhile, I'm pleased to see that Dash's superior monetary anonymity model (as I've consistently pointed out) is now starting to win over. Monero's use of a centralised algo that simply obscures the trading environment instead of making addresses fungibly transparent is now coming home to roost and opening up threat vectors for the entire supply. At least with Dash's decentralised privacy, if you de-anonymise one transaction that's all you get - one transaction. You have it all to do again for the next.

With XMR's centralised algo, you get one attack vector and you blow everybody's security to kingdom come !  

So much for "peer review".

If I were iCEBREAKER though, I'd thank my stars for the MoneroV fork + the massive supply growth since it's part of an essential compensation package to keep marketcap alive in the face of floundering transaction count, toxic blockchain bloat-factors, buggy wallets, barely useable network and obfuscation algos with more holes than my favourite pasta colander.



P.S. Some "sparkle" that iCEBREAKER missed out of his review: https://dashvotetracker.com

Somebody let him out again.

What is it that "other" coins - who are aiming to be fast and liquid for use in online payments - are not doing that needs doing to make it work properly ?

...actively (and independently) servicing the front end of the confirmation cycle.

More about that here !

Tankeroo...

Correction concluding on the 15-minute wave.

Skyrocket recommencing.

Why do we always need to wait for Zerohedge to start posting to know what the reason for the pump is. Are there no "insiders" on here ?

It's unbacked. You can take that as a given.

It doesn't matter if it's 100% backed, fractional or zero reserve. I don't really care. What matters is the proportion of bitcoin's valuation which is occupied by counterparty risk and liquidity.

If the valuation is market backed, that's one thing. If it's backed by a single counterparty then it's slowly turning it into a type of bond who's value basis depends more on the fate of a lone corporate entity registered in the Virgin Islands than anything else.

Think of it like the market version of a 51% mining attack. (Except with faked hashrate that didn't cost any electricity).

If I was an adversarial government institution wanting to "take down" bitcoin I can think of worse ways to do it.

LoL ! Well I only hope you're right cos I'm long BTC you may be interested to know, being one of those "going down with the ship" people.

However, I can add up and you seem not to be able to so that's the explanation for the matter not "going away" since you were looking for one. What exactly is "scam" about that article anyway ?


The bitstamp market depth to $10k right now is around $10 million dollars. The Tether marketcap is around $2.2 BILLION. On a slow day, Tether may "print" a cool $25 million which doesn't cost them a dime.

So contrary to your assertion that Tether isn't "jeopardising our lovely honey badger", the fact of the matter is it can eat bitcoin's price for breakfast anytime it wants.

The correct comparison is not marketcap to marketcap, it's Tether marketcap to BTC market DEPTH.

Come back when you've checked that ratio out.

XRP and the other alt pairings are not directly responsible for the worldwide quoted fiat price.

This problem isn't going away and can't be swept under the carpet with some "it's just another sh*coin" dismissal because if Tether tanked the way XRP did in the last few weeks you'd have Bitcoin/USD in 3 figures.

BTC gets it's value from being unbacked. What's happening instead is the market is being turned into a huge cesspool of counterparty risk to the extent that the $USD exchange rate is becoming meaningless by the time you price that in.

(Maybe that's why "regulators" have been so kid-glove in their approach lately - i.e. they know the game's up to some extent. Also maybe it was planned this way all along).

Hey, it's not rocket science. Wake tf up please.

This entire sector is about the trading of trustless assets. If you have a single corporate entity accounting for 2/3rds of the GLOBAL "fiat" volume (we're not just talking a single exchange here) you need to be on a high dose of delusionary cool-aid not to see an implicit major problem.

The reserve ratio doesn't matter. (Even if it did exist, which it clearly doesn't, no one keeps $2.2 billion sitting idly in a bank account anyway).

Far from being "beaten to death" it's slowly turning into the elephant in the room with which this market will be "beaten to death" sooner or later.

When a single corporate entity registered in the British Virgin Islands is responsible for cooking up worthless tokens out of nothing that account for 2/3rds of global volume then it's not a bad bet.

Better pray they don't stop printing. (And stay out of gaol !)

https://www.reddit.com/r/CryptoCurrency/comments/7xae98/understanding_tether_why_it_accounts_for_a/

Wottyootokinbout ?

Market is just getting started. It's consolidated perfectly to the last major support level.

Nice to see NibiruHybrid and iCEBREAKER co-operating so constructively to advance the interests of the community  

Roubini invoking Trolly McTrollface now for BTC FUD propaganda campaign.

Except UNO.

UNO has a superb track record of decoupling from BTC and has been rallying against it recently.

Looks like the propellor correction to me. Everything toketh from the same hymn sheet.

I don't think you get such deep reversals in a genuine bear market. The correction's manifested immediately at all ranges, including weekly chart and they're starting to even out now. 12-hour momentum has gone positive. There will be some reversals down on the way back up higher lows I think.

Standoff between Roubini and ryptocurrency community finding expression in the Twitter vs bitfinexed D-DOSSers axis. Twitter have suspended Bitfinex'd's (Bitfinex fractional reserve whistleblower) account due to D-Dossing and Roubini's raging about it.

At the very least when it gets into the $200k marketcap zone which would be a 4 to 5 x gain from here.