Logging into mymonero.com always scares the crap out of me. The balance says "0 XMR" for a few moments until it updates. Every time, I think "Aaaand.. it's gone."
Spread 'em out man! |
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Anyone knows a legitimate way to short DRK when having 0 DRK?
A derivatives contract. You just put a bet out there, and see if someone else wants to take the other side of it. Go in the darkcoin thread and i bet you will find a bull who would take the other side assuming you offer him a greater return than he would get from simply holding dark. If someone takes you up on your contract than i would be happy to escrow for you guys. Check out my rep thread in signature. Thanks for the tip but nevermind, price already dropped a lot and I was looking for a place like Bitfinex to short easy. Also I don't know if any DRK whales will come up with hundreds of BTC to keep the price up, I read something in the DRK thread about that but I doubt that (a) big player(s) are still that confident to artificially keep the price high at this moment. Oh so if it happens with DRK, it's artificial, but XMR is 100% natural. Don't look at the rpietillian behind the curtain! That's a straw man. |
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I would be thoroughly surprised if Bobbax comes around and actually provides information.
It's classic stall-technique. So far all we have seen is question dodging.
Seems like I'm going to be thoroughly surprised.  |
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Is there any way possible to organize a dividend paying assets for Monero economy?
I prefer creating passive income for myself and I would be interested in that type of investment vehicle (however it would be organized).
I am sure there are plenty of other people who think in the same way, too. This could also bring investors that are not normally interested in gambling with the success of Monero.
For instance, there could be Monero denominated IPO and with that money the created corporation buys different (fiat denominated) assets that are safe and brings cashflow (such as real estates with premium-cashflow) and then pays dividends in Moneros for instance monthly/quarterly.
This creates some transactional demand for Monero since fiat income need to be converted into Monero, also there could be some holding period for those who want to dump the moneros back to fiat... Holding is something that brings the value for the currency anyway. Personally I could increase my Monero stack with this way and I would not be dumping at least even if the cashflow is on frequent basis (but I am not that sure if others think like I do).
Aminorex suggested XMR development bonds earlier : https://bitcointalk.org/index.php?topic=583449.msg10167989#msg10167989https://bitcointalk.org/index.php?topic=583449.msg10201676#msg10201676 |
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"First they ignore you, then they laugh at you, then they fight you, then you win."
It appears that a large number of supporters of other coins are trying to fight Darkcoin at the moment.
A thief thinks everyone steals. Understand that all the concerns being raised are valid, but a large swath of fallacies always follow to "defend" or "counter-attack". Ignoring sound advise is not the way to make the community NOR the coin stronger. |
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Follow the money.
Where did the Bitcoin/Litecoin pump and dump of late 2013 early 2014 go when it started to sell down?
People take profits and apply them elsewhere.
Ask your self where the elsewhere is and you will have your answer.
It is all the same group.
Three legs to a stool.
Hence why development of litecoin stopped? You've taken too much acid, so it's hard for us to understand what you're saying dude. |
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rpietila and his clients are certainly a buying (now) force in the xmr market, but why people like you keep suggesting he is the only one?
Because people follow him. He's like a market maker. ... Your trying to be a market maker that's why I proved you wrong. BTW guys, I was up 600% at the casino yesterday but bombed out at the end so no new XMR for me this week.  So is this gonna end exactly the same as always. Hueristic and his casino-gains stops buying and price drops like a stone.... |
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Very interested in what will happen in the next couple of days. I still think we need to go down as I said in the trollbox yesterday but the fact that people are saying they want it to go down just means we're looking to buy and are in fact more likely to go up. It feels toppy but only because we're at the December high. If we push pass this in the next couple of days it could really rip upwards. Just can't decide whether to do it or not.
But wait.. What if they are saying they want it to go down, so people will think they're looking to buy, but really it's a a double game.. agh folly..   |
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Paid trolling, and of course a few genuine people in between with skin in the game. It's very obvious. It's the same spiel, it's the same ad hominem and fallacies applied. It's the same script. It's the same denial of actual arguments and the same dodging of questions.
I don't trust the market price, and selling coins to yourself for your own btc is a real thing happening.
The community is not as big as it is played out to be. The adoption is not as big as is played out to be. It's smoke and mirrors gentlemen.
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What is "perfect" distribution? Is it a power law distribution?
I have been arguing for power law based distribution. And I agree with you. |
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Perfect distribution would be achieved in an economy with a GINI of 1.0
But that ain't gonna happen. Last time I looked, the USA has a GINI of about 0.41.
Bitcoin's distribution is somewhere around GINI 0.86 IIRC.
So with GINI of 1.0 you'd be the one holding all (aka perfect distribution for you..). My point was "Perfect Distribution" does not equal "Equal Distribution". |
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Monero for example, could've just said "OK, bitcoin is fairly distributed. Send bitcoin to this address and you will get XMR. And because XBT is fairly distributed, then XMR will be fairly distributed as well." And then there could still have tail emission with XMR's mining algorithm (1% inflation target per year afterwards). But you would've been able to skip the main emission period (80% mined in 4 years) and save a lot of time by moving directly to tail emission. In addition, you could've said "And we're reserving 1.5% of all coins for the development fund."
NXT, Bitshares, Counterparty, Ethereum, etc. have all piggybacked on bitcoin's distribution in one way or another.
In order to do that, you need to set the right exchange ratio. If it is 1:1, then it will make XMR a muiltibillon coin quickly. No currency on earth has perfect distribution, it's impossible(including FIAT currencies). What is "perfect" distribution? Is it a power law distribution? |
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I would be thoroughly surprised if Bobbax comes around and actually provides information.
It's classic stall-technique. So far all we have seen is question dodging.
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Good work GingerAle. Keep it up. |
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Is the wall at 14 a fake or real one?  Isn't it more a fence than a wall? |
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The presentation was beautiful, waiting for the video Thanks - that was two days of my life spent making that damn presentation:-P Two days, that much? I thought it was only one day, you have been discreet to me, Ric For information, my original presentation with Google Slides. You can judge the difference. You could make the moneroeconomy.com website look like the presentation-design. It looks very nice. I might be able to help, depending. Good idea! I'll check with Lyt0s if it is doable. We have a test website for just this. By the way, did you notice we changed the design recently (not much, mostly font-size, fonct-color and background)? http://moneroeconomy.com/forum/appearance-requestsI suppose install a theme with the ability to tweak it to look somewhat like that is a way to go. I am also fond of the sleek mymonero design. A mix of those could be cool. They a both fresh. The current design is a bit ehem.. archaic and heavy and lacks basic spiffy things such as favicons, vector-logo (for retina screens), decent cropping of images etc. (I apologise for being upfront, but that has been the community sentiment) Thanks for taking the suggestion in a positive manner. |
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The presentation was beautiful, waiting for the video Thanks - that was two days of my life spent making that damn presentation:-P Two days, that much? I thought it was only one day, you have been discreet to me, Ric For information, my original presentation with Google Slides. You can judge the difference. You could make the moneroeconomy.com website look like the presentation-design. It looks very nice. I might be able to help, depending. |
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Hmm... if only I had time to present them, I have many nice charts PM 'em to me, or some data to me and I'll see what I can do (no promise) over the next few days? |
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It's more periwinkle / brown. PS. I really like the colour scheme on MyMonero.com. Those are great colours for a holistic theme. |
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In your mature scenario, Darkcoin would already be broken if that's the case (with every single masternode owner sharing data for $). Yes that is my point. The design is broken. It can't work longer term. That is my opinion. This does not mean that "DRK [the coin] is dead" after all the technology is still evolving and who knows how it might be improved. It might even evolve into something useful and valuable that has nothing to do with privacy. I have no idea. The current design is a fail IMO. And that's where we'll continue to disagree. You assign very high probabilities to your scenario playing out with the majority (if not all) masternode owners sharing data whereas I assign low probabilities of this being as large of an issue as you make it sound like it will be--strictly from an incentive trade off between data revenue streams vs risk of value loss to underlying holdings. The problem is that it is set up as a many-way prisoner's dilemma. The data trackers won't go to a masternode convention and try to get a collective body of masternode operators to make a collective decision to share data. They will go to individual masterede operators and pay for data. The only rational decision for an individual operator is to accept the money. His individual decision to do so won't harm the privacy of the coin much at all. In fact according to your arguments about probabilities across multiple rounds and blinding making each operator individually insignficant, it won't hurt at all. I suppose there is another possibility, which is that masternodes all end u being operated by the same party, in which case they can, possibly, make a rational decision to refuse. That's not very decentralized though is it? Majority of nodes are run on amazon AWS VPS systems or the like. You wouldn't even have to go to each player directly, but go straight to the hosting service. |
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