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What we need is a comunity sponsored bot which buys every minute or every two minutes 0.1 coins ... you'd see it have big impact on the market.
Just an idea. Would also neutralize that other bot which keeps dumping dust.
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good support and low sellresistance (look at bittrex orderbook) ... i write it off as 'noob trader' ...  edit: it's end of month, true |
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Found a transaction on the explorer that fits the dump on cryptsy. Another one who prefers to sell his complete position in 5 minutes *sigh* ...a whole month worth of mining... |
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and once you are that millionaire, there is only one rule: NEVER GET MARRIED! Because that greedy, golddigging, hypergamous, feminist bitch is going to ruin you at divorce!
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Black, blue, metallic - i don't care as long as it is NOT yellow!   Black, blue, metallic is all very fine. The current black logo is very good already. Maybe if possible polish a little more and put a little extra metallic reflection on it - but it is actually already very good as it is. Maybe a little darker frame with darker blue instead of this bright blue frame. But it's good already. |
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Current prices look ugly but graphs are currently indicating a floor.., what do you think?
it's called : STABILITY.... or 'stagnation'   |
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Hey, Baars! Please ask me for more complex answers. These are stupidly simplistic.
One: is deflation bad? Keynesians think so, and they are well and truly in charge. But it was Keynesianism that got us into this debt mess.
Two: ‘a low and steady rate of inflation’? Again, a dominant ideology (I was 23 years old before someone dropped on me the bombshell that banks loan money they don’t have. Say what?)
‘Fiat’ currencies – not actually literally redeemable for, say, gold – can be ‘debased’: the Government prints more and more of the units of the currency, so a loaf of bread costs more and more – ‘inflation.’
Inflation is (my position) a smoke-and-mirrors stunt that goes wrong every single time, though that may take decades.
Three: ‘Can a deflationary crypto solve the problem?’
Tl;dr? They’re our best hope!!
Cryptos aren’t deflationary in that sense. They are ‘nil-flationary’ (at least Unobtanium and a number of others).
Deflation is a pickle that an economy gets itself into: prices fall, etc. etc. (But it’s the Keynesians who’d argue it’s a pickle. I’d rather ride it out.)
Here’s my take on our present situation:
three or four years ago, it was touch and go whether we would ‘tip’ towards inflation or deflation. Indeed, some nations presently have inflation even though the global trend is deflationary.
But if you stand back and take a good look, it’s not simply ‘veering too far this way’ or ‘veering too far t’other.’ It’s clear that the entire global economy is in a tail spin because first we ‘invented’ bazillions of dollars that weren't 'backed' by any production (but rather a promise of future production! Or not . . . ); and then, when GFC One happened, instead of biting the bullet, and riding bicycles and growing cabbages ‘til the debt was paid, we went on a money-printing rampage.
So, while we get our heads together – say, a century – the idea of nil-flationary currencies, the idea that one unit of money bought one loaf of bread yesterday, buys one loaf of bread today, and will buy one loaf of bread at any time for the rest of that century, is a really really really good idea (and so is buses pulled through the streets by the long-lunch-ocrats who got us into this mess.
(Except we did nothing, which makes us equally culpable . . . )
m
-i think the current system works for the individual as long as he/she understands that papermoney is no store of value (few do understand but they will start to learn once it hurts) -the system works collectively as long as hyperinflation can be avoided bottom line: papermoney is there to be used up not to be stored for decades on a bankaccount or elsewhere (contracts like lifeinsurance and such is stupid too) Inflation is only bad for those who look at papermoney as a store of value. People will start to learn that paper is worth nothing and has no intrinsic value, this and next decade. Paper is just a promise and promises are broken, no surprise. Crypto and PMs is the place to be because once the masses learn it, there will be high demand for the real store of value things (like Uno and like silver/gold). I don't worry so much because in extreme cases people just abandon the banks for parts of their service and just go back to silver and gold as money. Who wants paper anyways? Every papermoney in history failed. Gold and Silver never failed for centuries. Papermoney is a stupid idea - always was and always will be. Maybe deflation is bad for the "economy" BUT consumerism kills the planet anyways. Maybe we go back to have a healthy economy that just produces what people need for living and not tons of trash like all these cheap china-products. Maybe we will have to buy more regional products again but will it be that bad? I think crypto will be in demand in the future for the inflation reasons of papermoney. What puts the breaks on crypto adoption is the mental capacity of the average Joe who does not understand any of that. But once it hurts peoples' savings they will be quick to learn. |
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Silverrrrrrrrrrrrrrrr
It bubbles really easy. Market is tiny. |
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I'd go with silver, platin or maybe even copper ... gold is so last decade.
Why not in oil, the price of oil is now again go down, it is possible in some time to come the price will high, because now no one does not use oil even for some time to come. oil price is politics. Price can be and is controlled very easy by politics and oil industry. And supply is not scarce at all, so why oil? I'd go with silver, platin or maybe even copper ... gold is so last decade.
Platinum and copper are classed as industrial metals and the world economy is on a down turn, cant see these spiking much within 1 yr. Silver is also classed as an industrial metal but gets dragged around with gold. Platinum will be expensive in times of war. Copper is volatile and becomes more scarce but can crash in case of economic crisis. So copper is only good for its insane volatility and in case you can avoid the huge premiums. Platinum is historically more expensive than gold, right now it isn't. So there's an opportunity in platinum maybe. Its volatility can be high too. ---------- Palladium is in a bullmarket already btw. All in all Silver has very good fundamentals and can easily double and tripple in price. Production is down, inventory is on historical low, demand keeps growing. It is the best electric and thermic conductor. Once the silver manipulation end you'll see it likely appreciate a lot. It was historically valued at 15:1 with gold. Producton is 7:1 with gold but in reality it can easily be more scarce than gold in the distant future. Silver is used up while gold is stored and inventory only grows year after year. So silver inventory is in decline for decades now and available inventory equals demand of 2 years which is tiny inventory and price can explode in case of higher demand. Price parity gold/siver happened in history before. Also during economic troubled times gold has been outlawed many times. Silver never was outlawed anywhere. I think silver has massive potential. But best to make your own research on it. Silver will be the first recource depleted. Buying and stacking physical silver for retirement (decades of timeframe) is maybe no stupid idea. |
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I'd go with silver, platin or maybe even copper ... gold is so last decade.
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lol. What is wrong with this "trader" on bittrex? Someones' account hacked, amateur or what is this?
Someone try to get price down?
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As the BTC gets stronger, this down trend in BTC terms is going to keep happening..
[...]
Next shopping spree at .007 and under?
not / you wish |
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Seems to me that sidechains are the same concept of "proof of burn", but instead of burning into a non recoverable wallet, you are burning them into an algo that they can later be recovered from. I dont understand however, how UNO could be pegged to BTC with sidechains, both coins are already in existence and in order to go from one chain to the other, someone must fund the algo with pre existing coins in order for a transfer to work. Where will the BTC come from for one to cross chains? This scenario seems unlikely to succeed to me.
On the other hand, if UNO was made sidechain friendly and it was pegged to a NEW crypto that could only be created by Burning UNO into the algo, and equally redeemable back out, I could see that working.
exactly But i would want to see that work on another coin at first too before applying to the good Uno. (proof of concept in real market/the wild) Attempting to "peg" (remodel) an existing and already distributed coin into a btc sidechain could likely end in a chaotic economic situation and totally scrap that coin imo. Certainly not a thing you want to experiment with Uno. I'm not sure what we talk about or what BW talks about: making Uno a sidechain (possibly a fatally stupid idea) or introducing sidechains to uno (could be nice if sidechains work well but will require hardfork). Anyway: it's waaay to early for any of that stuff. |
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re: ideas for using sidechains here 1. Bryce seems to have indicated he's making UNO a sidechain friendly platform. 2. okay fine. makes us ready for the future. 3. what good are they? something about 'frozen equity' contained within the chain ... ohh I think in-house already has something like that (my guess) sidechains are like any Altcoin tech is one thing --- value is another thing If Uno was a sidechain of bitcoin with a peg 80btc to 1Uno it would have value: Zero (because no buyers and no more free market because pegged, so peg would likely fail and be useless, peg and free market can not exist side by side - i don't see how pegs should work. Creating a sidechain for BTC is nothing special and uno certainly shouldn't be one. Sidechains do not have a good value as moneytokens/store of value!) If Uno would implement option for sidechains on itself is maybe a different story but then again: does it provide more value? Is it safe? Do we need it? Certainly we should not be in a rush about it! I'm not even sure what the plan is! Creating it is one thing but to foresee its impact on the market is an entirely different thing! Sidechains is not a one-man-show and blind trust is not advised! Only because something is new doesn't mean it has value! I'm just glad the issue is not imminent! I remain highly sceptical. |
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@dump Maybe also mintpal-effect still. Probably many factors. I'd say: Enjoy supply while it lasts. |
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I have to say, I miss the ABE explorer. Old Abe was the one one best able to reveal wallets that contain thousands of transactions. Maybe it was Abe's basic html interface. Chainz is awesome, but does struggle to present the transactions the further back you go. There's something odd going on right now on the Uno rockchain at this moment, with lots of coins moving. It's related to address ueC8vzi1F9bCBRane6GAWjHSsqda4f2Kbk but I can't go back far enough to understand where they are coming from. The movement seems to be automated. Any ideas? These are coins that were mined a while back. I have this explanation: it's a large and well known pool (or big solominer) who rearragnes its wallet as it will have to deal with that many inputs that they won't fit all in one transaction so the pool owner kind of creates smaller inputs to later be able to more convenient move the coins. It remains to be seen what's going to happen with the coins (coldstorage, market or otherwise) but it's a large pool that has been mining for some time and they seem to move some coins to create more convenient inputs for future transactions. Thousands of inputs for a single transaction won't work as there is a sizelimit for txs, so the guy obviously cleans up a bit. (my best guess) Him not paying fees isn't a problem with that low traffic on the chain and his coinage he doesn't need to pay fees to still get quick confirms. He seems to not want to waste money on fees. Looks odd on the explorer but i think it's normal. |
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I still will never understand, but with what $UNO has been through and stayed strong, why on earth would anyone EVER panic sell it?  Doesn't exactly look like panic. But had to be expected a few coins sold from people who get their Mintpal coins back. Hope we get the distribution of those coins done as soon as possible. Hopefully we'll get a tight market in a few days again. Good time to load up. Market will get over the effects of release of the previously locked up coins rather quickly pretty sure. |
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What was at mintpal? A bit over one ton, right? I'd expect not more than half of that is going to get sold immediately ... Ergo:  |
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mintpal potatos |
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