I no longer fear drops, because they will all fill in double-time, as miner dumps cease to supply below the USD $1.10 mark. Overconfidence is the market's cue to surprise us and take our money, like the proverbial man getting mugged while walking across a meadow.  |
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Start with countries off-sides from the U.S. which aren't under international sanctions. Iran, Venezuela, Cuba, UAE, Uruguay, Fiji, Seychelles, Madagascar, Mozambique, Zimbabwe, Laos, Myanmar....
Thanks, I'll check these out when I get a chance. Out of that list I would think UAE or Venezuela would be the safest? Those two are powder kegs with lit fuses. You need non-confiscatory political stability and citizens that understand how to civilization. Fiji/Seychelles are tiny, isolated paper statelets with backward/primitive natives. That limits the list to Uruguay, with Laos and Myanmar tied for a very distant second place. LMK if you need help down there. I love Tannat! |
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The killer might be a Monero fund. It will basically bring Monero to ridiculous heights if excecuted in a proper manner. Hedge funds are constantly seeking for returns. From stock markets, bonds and raw materials the returns are pretty unlikely. However, when they find Monero and start fighting for the tacoshis it is a day when a person owning 1 whole Monero is the King giving orders.  Bear in mind, Monero is scarce and on the very day a person with big money buying in will make it even more frustrating to small guys attempting to buy crums of Monero. These days may not be long way from now. Someone with good pitching skills (icebreaker or american Pegasus for instance) could start pitching all the hedge fund managers in the world. It is enough if only 5 will participate to the war. Bitcoin is already doing much of the heavy lifting involved in starting such funds. GBTC provides a template for an end-run around the obstacles the Winky COIN ETF is facing (years of paper pushing, bribes, lobbying). If amino's meeting with the VC goes well, perhaps they'll look into creating parallel structures in the Monero space. I'd love pitching to innovative Greyscale/Silbert types (not "typical" hedge fund managers) an OTC 'GXMR' investment trust and/or 'PONY' ETF. One obstacle XMR faces is that unlike BTC its codebase is fairly obscure and not thoroughly reviewed/commented/reimplemented. We need to make it easier for Kraken types to examine/test/scale the code to their satisfaction. The roadmap takes us to Enterprise Ready Monero, but we should try to involve enterprises in the work of getting there, since it is to their benefit. For example, if I wanted to make 'Coinbase for Monero' the first thing I'd do is make an equivalent to Toshi, perhaps by porting bitmonerod to Rust+Scala. |
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Bitcoin similarly spiked after the first exchange.
I observe that, if you disinclude the listing spike, in USD terms, the recent highs were in fact all-time highs. (Mentioned since the ATH is so fetishized.) The early fiat hyperinflation to $5 is just a preview of the future. It indicates people look at Monero and are then willing to pay $5 fiat fun-bucks for a single coin. That situation, where demand is vastly greater than the supply, only existed in the early days when total emission was low, but shortages may return as block subsidies inexorably decline. |
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Kraken seems to be the one most people suggest to harass for a XMR-USD pair. I put my 2 cents in their suggestion box. If we all do the same, it could lead somewhere. ..
Even if they only did XMR-XBT it would eliminate the bitcoin transfer delay.
If Kraken added XMR, perhaps their ETH volume would suck less (in comparison to Polo). |
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a simple, private method for xmr <-> Fiat conversion would be a killer feature.
LocalBitcoins --> Shapeshift XMR.to --> LocalBitcoins |
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For the love of God can some exchange please let me buy XMR with US Dollars. I mean really, I hate Bitcoin transaction speeds. Over an hour now to transfer BTC from Coinbase to HitBTC. Another reason Bitcoin is falling behind not enough nodes out there to process payments or transactions faster. Ok rant over.
Actually, that would not speed transactions because the same average number of blocks would be found per hour. What you really are ranting about is block size... Coinbase creates two (apparently low-fee) tx for every BTC withdrawal. They are flooding the system to push the Classic agenda. Solution? Stop using CoinBank! |
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Finally jumped through all the hoops and dotted all the i's at kraken to get my account funded there, so I added my request for XMR-USD and XMR-XBT pairs. With enough noise, eventually we can make it happen. Then watch out!
Good job! Kraken needs Monero more than Monero needs Kraken. But it's to the advantage of both to get a XMR-USD market blowing up, and in the process make CoinBase obsolete. |
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Time to milk the LOLcows... Oh look at this one. She's ready to burst. Bitcoinopoly 
I don't think the miners care enough about the health of the network at this point. I've started unloading a large portion of my holdings and have no expectation that anything great will come out of Bitcoin for a long time, or at least until we get rid of BlockStream's influence. The only hope left for the network is for miners to wake up before it is too late and the only chance of that happening is market share falling.
It took Slush an entire week to write a single, short email to their miners telling them about the voting mechanism and to film a 2 minute video with zero editing, lighting, or stage production. Seriously, it took these guys an entire week to write one email and film 2 minutes of the quickest, dirtiest type of instructional video you can imagine (sitting in a coffee shop and filming the screen of their laptop with a handheld smartphone.) The other pools didn't even do that, with Antpool just talking about adding a voting option and F2Pool doing it in the most annoying, obnoxious way they possibly could for the pool users.
If this is the kind of initiative the miners want to show us then they deserve to sink to the bottom of the market. When they finally wake up and smell the coffee I'll still be hesitant due to all the damage they've caused. Good...good... Bitcoinopoly
I think even if another altcoin reaches the same marketcap as bitcoin the miners still won't wake up. BTCC would probably have to go bankrupt before they would allow a hard fork of any kind that goes against Core. They don't have 25% of the hashing power but they certainly do have extremely strong influence over at least 25% through other pool operators. As we've seen, the individual miners in those pools don't care enough to even vote or demand a vote. If they did then many would have moved to Slush in protest.
I really hate to say it, but this could very well be the beginning of the end for this little dream. Development was taken over by a corporate-backed, centralized team of puppets who were instructed to make sure the blockchain never scales, and they've ran a $76million PR campaign that cleverly targeted the centralized elements of bitcoin mining.
Just recently I had a very different opinion on how this would go. Miners in the Slush pool can't even take 5 seconds to click a single button to vote, Slush doesn't care about all non-voters sticking with Core and did a quarter-half-ass job making the worst instructional video I've ever seen. Antpool is run by a timid man who can't think for himself well enough to wield the power at his fingertips. F2Pool is humoring us with a sub-pool Classic mining port that nobody wants to configure in their mining farm.
Until these problems get worked out I don't have much faith in this network. I was so sure that the miners would not only vote, but they would do it quickly and many, many new miners would swarm to Slush when they opened voting. I couldn't have been more wrong. God bless KnC and I hope them the best in the future. Everybody else will hopefully feel extreme cases of regret and not do the same thing again if given the chance.
Yes...let the butthurt flow through your Hearnia... |
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And no Space left for any potential next Level adoption jump as well , so stay nichy for any sake.
Didn't you know? Being expensive is your greatest advantage against budding competitors... People will pay more for the sanctity of decentralization embodied by four giant chinese chicken coops. Bitfury? Not Chinese. KnC? Not Chinese either. 21e6? Again, not Chinese. Spondoolies? Chinese! Oh wait no, still not Chinese. Why don't you wait until we get to an AMD/Intel/Nvidia type oligopoly before you starting fretting about Yellow Peril. |
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You mean Amanda from DailyDash, which is sponsored by Evan's "accidental" Instamine? Maybe after Dash Classic pays her $75, she'll say that it's also The Next Bitcoin ®. |
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 Speculation: Monero will replace Bitcoin long before anyone can replace the priceless comic antics of the DashHoles. |
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None dare call it treason. It's almost time... |
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Given the correlation between these two, I'd say XMR rise is not because market participants are buying due to its fundamentals.
Rather its just hot money flowing into both markets.
We'd be more pleased if XMR increases in value independently of others.
That will speak volumes about the market's confidence in XMR's as a unique and viable currency.
Hot money inflows doesn't mean much. A rising tide lifts all boats.
For a real world example, see how stocks around the world performed after US Fed initiated QE1, QE2 and QE3.
ETH (and recently Factom, MaidScam, etc.) came to Polo because as the exchange with all the XMR stuff, all the cool kids hipsters hang out there. Hot money inflows raise the price, which allows each tx to do more economic work using less tacoshi. That feeds the virtuous circle between transactional utility and wealth preservation functionality. |
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Blocksize will be increased eventually. But sorry, Not Tonight Dear. |
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It is only exploratory so far, but a major East Coast U.S. V.C. has asked me to brief them on XMR. (Please do not speculate on this basis.). What are the best collateral materials for this purpose? Software engineers with some bitcoin exposure will be there, and I should like to satisfy their questions from script, where possible.
Not sure if these have been shared yet but here are the slides from Fluffypony's "50 Shades of Privacy" presentation, very informative: https://drive.google.com/file/d/0B2Wr0za-GUUUWGdrc0E4TjB0WTg/view?usp=sharingWell I'm sold. That was epic!  edit: the post below this this one made me realize we need the Fluffysliden translated into non-western languages ASAP. |
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I've enjoyed the Pics from Russia thread. Very nice insight into vast regions and unique people unseen and unknown by many in the West. Before reading it, I did not know there were more (and crazier) rednecks in Siberia than in Alabama! I hope the same humorless standard is not applied to the Wall Observer thread, which would also be closed for being full of silly fun and frivolity. |
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That's the one. It's due for an annual update, but still a great representation of the uber-bull thesis. |
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