Some dumper dumped 7 or 8 K of coins earlier
BTC seems to be waking and into its pumper, I wonder if the XMR dumper knew that was coming. Interesting. Most alts, including monero, are outpacing BTC, so doesn't seem they got that good of intel if that's the case. |
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Going to dump the rest of my Monero, there are just too many other upcoming privacy coins that will steal marketshare from xmr. It was a good run but everything must die in the end. Just make sure you are in the new coins before its too late.
Concern troll is my favorite type of troll--they're like salesmen who are trying to make their numbers at the end of the year and redirecting their panic onto you with, "You better not miss this as it might be gone by tomorrow!" Can't you feel the oozing sincerity? |
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All miners are legitimate miners, what do you think they are buying if they really built this new tech?
And if 75% of the total hash rate is controlled by bad actors, then I'm pretty sure an emergency hard fork to brick those ASIC's is in order...? I mean the devs already did it once. I can't see how it can't be done again. And how do we tell they're bad actors? According to bitcoin logic you can't tell who is using a mining pool, so shouldn't worry about it. Still trying to understand how anyone thinks, "China has some of the cheapest electricity on earth, China has some of the cheapest electronics on earth, mining pools located in China control much of the hash, but we can't assume it's Chinese miners." It's like some people don't know how economies of scale work. Just saying... Even if 75% was controlled by bad actors, they still have no chance. The devs and the community would unanimously support another hard fork to brick those ASICs. They should just give up imo. I know that's true for monero, but not true for most cryptos--that was the distinction I was trying to elucidate, but maybe I should be more on the nose and just say as much. |
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All miners are legitimate miners, what do you think they are buying if they really built this new tech?
And if 75% of the total hash rate is controlled by bad actors, then I'm pretty sure an emergency hard fork to brick those ASIC's is in order...? I mean the devs already did it once. I can't see how it can't be done again. And how do we tell they're bad actors? According to bitcoin logic you can't tell who is using a mining pool, so shouldn't worry about it. Still trying to understand how anyone thinks, "China has some of the cheapest electricity on earth, China has some of the cheapest electronics on earth, mining pools located in China control much of the hash, but we can't assume it's Chinese miners." It's like some people don't know how economies of scale work. |
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monero… something incredible but too expensive …
1 XMR only cost 1 XMR. |
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I don't believe small exchanges will have significant contributions in long term, but for now people tend to hurry up with those news. The only news was that it was rapidly being added to a lot of exchanges (many of them small). Volume was growing as a result.
How do you think about it? Comparision between Grin coin and MimblewimbleWhich one do you think is better? Beam will suffer as Founder’s Reward will overhang the market. Or should if it was a rational market. But crypto markets are highly irrational so who knows. Also hard to compare fixed emissions of Beak and unlimited of Grin. Beam has 100 coins per minute this year rather than 60 coins for Grin, which indicates that Beam should be significantly lower price. Beam has 20% Dev tax IIRC. That is why many people are choosing Grin instead of Beam because this makes Beam quite centralized and nobody wants centralization here, right? Yes and no, depends on if you move the goal posts on mining centralization to make room for the economy of scales issue inherent in asics. But yeah, a company is probably a bad idea if you want fungible cash for all, though it doesn't really apply to all usecases and weirdly gets generalized--though that's usually a political argument that gets prefaced as a technological one. |
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Did Shelby get a hold of your account? What does Anonymint have to do with a crypto-history lesson which starts a couple of years before his sign-up in 2013? Was he in #bitcoin-asshats? I do see one important point on that tangent, and modified our new heuristic accordingly. Shelby was (is?) a Shelbycoin monopolist maximalist monotheist fundamentalist ideologue, and (in accordance with i.G.) inevitably went off the rails, ending up indistinguishable from Buttcoiners. Who's next?  Shelby was very important in my life, after arguing with him for three days about the unlikelihood that the Denver Airport was a map to a global Zionist conspiracy, I coined the phrase "Inkblot Logic". He threatened to quit BCT, which lasted all of a day. |
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"What each square should be worth is still to be determined and I will be up for any recommendations. The X-axis, in green, will be designated to the Eagles and the Y-axis, in blue, will be designated to the Patriots." How about you guys bet against whether I can guess the score, time of possession, passing & running yards, coin flip, etc...of that game?  Oops, definitely not the eagles playing... forgot I had that in the OP (I copied and pasted a bit). And the reason why we do that is because a lot more people can be playing the same game and can get higher payouts. That's a shame--thought my fantasy of traveling back in time to make unlosable bets had come true  |
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"What each square should be worth is still to be determined and I will be up for any recommendations. The X-axis, in green, will be designated to the Eagles and the Y-axis, in blue, will be designated to the Patriots." How about you guys bet against whether I can guess the score, time of possession, passing & running yards, coin flip, etc...of that game? |
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^ Dash? Is Dash still in competition with XMR? Can it really technically compete with XMR? I think it accepted it can't compete vs XMR the day it dropped the Darkcoin name.
W0W, just checked it out and they have managed to keep it from complete collapse. I'm quite surprised it still exists at all. I would have bet a lot of money that Duffield would have been the SEC's CryptoScam posterboy by now. Probably why I avoid prop bets--life is mostly curve balls. I hear you on this, there is not a more cut and dry case for a well known coin. Thats for sure. Are you talking about Dash's instamine? How would the SEC go after Duffield with that tho? It's isn't like he issued unlicensed securities or anything. And the (evil) genius in his master node idea is if he already planned it right from the very beginning when he was instamining Dash. Omfg brilliant! Early on he was issuing media with potential ROI, so set up the expectation of profit. Not sure how the SEC determines centralization, but letting a cartel based on holdings determine the outcome of votes seems very stock like. Basically the biggest masternode holders act as stewards for everyone invested--whether they want to believe it or not is another story. |
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^ Dash? Is Dash still in competition with XMR? Can it really technically compete with XMR? I think it accepted it can't compete vs XMR the day it dropped the Darkcoin name.
W0W, just checked it out and they have managed to keep it from complete collapse. I'm quite surprised it still exists at all. I would have bet a lot of money that Duffield would have been the SEC's CryptoScam posterboy by now. Probably why I avoid prop bets--life is mostly curve balls. |
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So we still believe in another pump? It still sucks I did not sell a bit at last ath. Feel so stupid! Loosing faith in another pump, people now know what bitcoin is but they don’t care
Who are these "people" and how are you reading their minds? Also not sure you have the right thread given this is Monero Spec. |
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Very interesting rise in price and volume (as well as hashpower  ). Not in concert with much of anything else... Not really huge yet, but some of the highest volume on an upswing in months. Thoughts? I was sitting there watching the last dump before the rise and had a bid in at .012251 IIRC and it dropped right to my bid and never touched it before shooting up. It was like going to a strip club.  I think those that were waiting on Grin realize it is years away and are trying to quietly get back in. Grin is amazingly cool. But there are SEVERAL issues that mean it is not a replacement for Monero or Bitcoin. 1. New tech, new implementation. Unproven. 2. Difficult UX (remember when Monero was only for "geeks"?)3. Diametrically different emission to BTC. And even though XMR has the tail emission which is hated by 21MM purists, Grin's version is even more anathema for them. 4. Monero is still best in class privacy. Period. I think #4 is where Monero needs to continue to push development. Along with scaling improvements that is really what is important. Monero's privacy is the only real reason for it to exist at all in my humble opinion. To be honest I am wondering if MW is better as a sidechain on BTC/XMR than as a base layer... but I have not spent as much time analyzing that. The glory days when people laughed at you and said, "NO OFFICIAL GUI!?! What a shitcoin!!!" |
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Although I have not read much about both, it seems to me that both are just hyper. We know that anyone with good money can pay for marketing. So I'd rather wait and see what happens
Grin is a legitimate experiment by a long time Bitcoin developer and the theory behind it has been discussed for quite some time in the developer community, so I wouldn't just throw it in the hype bucket and call it a day. That being said, it's distribution is 1 grin per second for eternity, which means it will be 3 years before it drops below 50% inflation--you couldn't spend your money fast enough if that was country's currency, so anyone buying now is probably fighting a losing battle if they expect to cash out on a price increase. I'd wait four or five years before even bothering hodling it. But as far as being useful, it is if you just buy it to spend it for privacy--but of course that adds the cost of volatility, conversion fees, etc, so it's like a really bad implementation of Monero. But why 3 years? I thought that number of mined Grins is constant, no halving and so on. So what will happen after 3 years? % of total supply Let's say you mine 1 coin per day: Year 1: 1 coin to start and ends year at 365, so 365x increase Year 2: 365 coins to start and ends year at 730, so 1x increase Year 3: 730 coins to start and ends year at 1095, so 0.50x increase As you can see the % mined is less and less of the total supply, so after 10 years it's a drop in the bucket. Also, I didn't say consider in 3 years, but 4-5 because it drops to ~10% and below of total supply, which is when things get interesting. |
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Although I have not read much about both, it seems to me that both are just hyper. We know that anyone with good money can pay for marketing. So I'd rather wait and see what happens
Grin is a legitimate experiment by a long time Bitcoin developer and the theory behind it has been discussed for quite some time in the developer community, so I wouldn't just throw it in the hype bucket and call it a day. That being said, it's distribution is 1 grin per second for eternity, which means it will be 3 years before it drops below 50% inflation--you couldn't spend your money fast enough if that was country's currency, so anyone buying now is probably fighting a losing battle if they expect to cash out on a price increase. I'd wait four or five years before even bothering hodling it. But as far as being useful, it is if you just buy it to spend it for privacy--but of course that adds the cost of volatility, conversion fees, etc, so it's like a really bad implementation of Monero. |
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I am holding a bag of useless illiquid tokens. So do millions of other people in our community. We must do something about it! So I decided to Pick up the gauntlet. I’m having meetings with projects leaders, big companies, and trading platform, trying to find the best solution for all of us. Would love to hear your situation, thoughts, and ideas.
Stop buying useless tokens. |
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Grin is slowly falling, now the price is only 2.4USD while Beam is raising, price is around 0.8USD.
Maybe it is because Grin has retarded inflation? I want to buy Grin, but it is really hard to predict where price goes in the future.
Yes agree with your point about Grin inflation, remembered the first day when they started to sell their mined coin off the counter(OTC). They were asking for no less than $5, but look at it right now. Peoples are afraid of it because of the supply, on the other hand Beam has a lot of technical problem with their project. honestly speaking, I do not recommend both of it right now, Because one is overpriced and another one is overproblemed. 1 per second for eternity means it takes 3 years before you see the inflation drop below 50% of the total supply. If you lived in a country with that type of inflation, you couldn't spend your money fast enough. |
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I was always a huge Bitcoin person. Maybe owned a few Litecoin. Than 2017 came and I was into NEO, Ethereum, Cardano, etc. I’m a HODLER not a trader.
I saw the value of my NEO drop from 1BTC ats peak to .25BTC now.
same with all my other altcoins. Some are worthless. Others still are worth .1 BTC. .2 BTC. This bothers me way more than the USD loss.
So I’m thinking it’s time to start to face the facts and retain whatever satoshis are left by trading most of them back to Bitcoin.
Any thoughts on this? I bought 100 NEO at $14 saw it go to $200 than down to $8.
I’m a Bitcoin guy at heart. And it kills me to see all the Satoshi losses.
I don't know if this will always be true, but it has been true since the beginning of crypto: BTC doesn't rise as much as alts in a bull market and alts don't retain as much value in a bear market. If you think the bear market is bottomed out and you trade alts for BTC based on its performance, based on past markets you'll be making a mistake as the BTC you bought won't rise as much in the bull market. The smartest/luckiest people in the room sold for cash and are either buying alts now or avoiding the market entirely, not trading their alts for BTC. Also, it's a good time to hedge if you are long BTC given you are getting more bang for your buck and there's no guarantee (in fact there's a lot of doubt) that BTC will be One-Coin-To-Rule-Them-All. The other part of this is what coins you are holding: if the outlook for the coins you are holding hasn't changed or has gotten better, there's no logical reason to sell as the price isn't correlated to future performance, just the mood of the market. If the coins look like total shit, they were probably shit when you bought and the hype cycle reeled you into buying. I know it's tough to ignore or stifle emotions when it comes to money, but you'll have better performance if you do. As the saying goes, "be greedy when others are fearful and fearful when others are greedy." |
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One year ago i was a supporter of IOTA anymore.. nowadays i think its price was just overhyped.. There have been so many hacks and issues with their wallet... a project with so much funds that still dont got an own safe wallet is just unacceptable!
You're wrong--the wallet was never hacked. Some very naïve people used malicious sites for seed creation. It doesn't take a genius to figure out that some stranger shouldn't be trusted for rng, right? That would be like asking some random guy on the street to create you lock combination or your house keys. Anyway, the new wallet creates the seed, so that hasn't been an issue for almost a year. |
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