When people say that no one can control bitcoins price and it's not decentralized, I feell like they are talking shit.
If someone have over 500 btc, they can easily manipulate the market in their advantage, imagine if someone have more than 500 btc, imagine 5000 btc.
Lets just see where things will go, I think we will get up to around 700-1000$/btc, and that would be very good for those who have hold their bitcoin for a long period of time. I bought some coins one year ago, and never sold any and I am still holding and waiting for a higher price, then I'll decide. But it's been tempeting from time to time, to sell, but then I would of have lost a lot of money.
500 btc is pocket change...someday it will not be but for now it is! LOL good luck "manipulating" the BTC market with 500 only. You'll be firmly and totally ignored. |
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Well you should consider speed too, not only dimensions Why? Both of these are at the higher end of speed and capacity. In the context of the RPi, both are faster than it supports (AFAIK). |
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...Will you need that much space on a drive or will an 32GB SD card be enough?...
32 GB would be enough for the Monero blockchain + OS for another year or two. Otherwise Monero would be dying. 64 GB cards are reasonably priced (about 20 USD, sometimes less discounted) so that's another option, or just start with 32 GB and plan to upgrade it someday. You want a high quality card but don't bother trying to buy one of the very fast cards because RPi2 doesn't support the high data rates. Performance will be worse on an sdcard compared to a real drive, but usable. Yeah, baby. Where's the prediction market for the price of these things in 2 years? Edit: the "small" front seems stuck at 200 GB currently: http://www.amazon.com/SanDisk-Ultra-200GB-Micro-SDSDQUAN-200G-G4A/dp/B00V62XBQQ/ |
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No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year
Do you know how "unhealthy and violent" 1-2% per day is/would be? Let's take the square root of 2 for fun as the average: ~1.414% (1 + ~1.414/100)^365 = ~16,800% Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year. sounds about right >32,000$ in <2 years  Where do I sign? |
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No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year
Do you know how "unhealthy and violent" 1-2% per day is/would be? Let's take the square root of 2 for fun as the average: ~1.414% (1 + ~1.414/100)^365 = ~16,800% Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year. |
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Before we all get too excited at this price pump, there might be something shady happening right now.
I have had Bitcoin withdrawals stuck on Cryptsy for several hours now.
I have sent repeat messages to their support, and was about to ask other users in the chat if they have had any issues, and I have been blocked.
It is possible this pump has been made possible with exchanges trading on funds belonging to their clients.
Er, where have you been? Cryptsy's been having trouble for weeks. |
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Fuck yea, I made it on the list; last on the list, but I made it on the list.
ROFL - apparently i'm a "puppet account" - even though I registered before DASH or Monero existed. Go figure! keep the luls coming ceti Also, could you please release the invoices for your paid trolling?  |
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Well, six months ago 68% of the coins were already mined. Why wasn't the price ~$340 back then?
Didn't investor know then that, within six months, 70% of the coins would be mined?
Easy, because everyone wants to buy "at the bottom", so the bottom comes and sits there for an entire year while they look at the screen and say, "hmm seems pretty stable here, looks like the bottom is in, but I think i'll wait and see if there's a flash crash, then I'll buy some then". Then the train starts to leave without them and they realize they're a fucking idiot. That and shorters are good at keeping the price from moving...until they fail and lose everything:  Hey now, who are you quoting? |
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YOURMOTHER
- aggressive troll
- likely puppet account
YourMother is a sockpuppet, but not one from the Monero community. |
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XMR Spec now almost 100k views higher than the next closest thread. How long till we hit 1 million views?
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That could be seven minutes from now or in April 2016. That gives me nothing to go on!   I bet 10 XMR for a release before December 1st.  |
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Hey fam.  Someone left some cheap Monero lying around. So I'm buying another 18,000. Their loss. Hey you're growing up! |
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It doesn't matter how hard the reality is now
It does. Should I sell my XMR to prove to you that I don't like the concentration that is happening? (I also don't like that nobody even recognizes this is the problem. As with price, today it is 0.3734 EUR/XMR, twelve days ago it was 0.3735. That one is holding steady.) This may be (or turn out to be in the future) a problem, but I don't think it is the problem. Extreme concentration should typically produce a highly defective market cap, because those with the oversized concentration can set whatever price they want (Exhibit A. BCN). We aren't seeing that happen in XMR as far as I can tell, unless the oversized portion is ensuring a defective market cap on the downside, which seems counterproductive to wealth preservation. Or maybe they hold it low so more new people can buy thus lessening the concentration, except new people often don't want to get involved in a declining market. Or maybe none of the above. |
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I doubt they're depositing in Huobi in their own names. Rich Chinese people buy bank accounts opened in the names of literal peasants from Western China or dead people. Selling those accounts is a business. Once it's in bitcoin and leapfrogged across a couple of exchanges, it's gone.
https://www.youtube.com/watch?v=-DT7bX-B1Mg |
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Updates from the 'core' - Pump & Dump baby 03-30 [16:22:20] <fIuffypoony> m8, i make pump tonight 03-30 [16:22:35] <luigi1111w> sweet! what time? 03-30 [16:22:36] <fIuffypoony> are you with me 03-30 [16:22:41] <fIuffypoony> 1h 03-30 [16:22:44] <luigi1111w> yeah let's do this! 03-30 [16:22:55] <fIuffypoony> but we need btc 03-30 [16:23:01] <fIuffypoony> i'm short atm 03-30 [16:23:09] <fIuffypoony> i have xmr ,dash 03-30 [16:23:12] <luigi1111w> where do we get it? 03-30 [16:23:18] <fIuffypoony> bittrex 03-30 [16:23:31] <fIuffypoony> i setup bot 03-30 [16:23:36] <fIuffypoony> and sell orders 03-30 [16:24:03] <luigi1111w> then what? 03-30 [16:24:09] <fIuffypoony> do you have any btc for invest 03-30 [16:24:20] <fIuffypoony> i mean , 25-30% profit 03-30 [16:24:27] <fIuffypoony> we can share 50-50 03-30 [16:24:32] <luigi1111w> that sounds nice  Someone linked this for me. I at least got a laugh out of it, thanks. If anyone cares (unlikely), that *is* actually me. |
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What's the current inflation rate of Monero? When does it drop below 4%?
(8.2 * 60 * 24 * 365/18400000) * 100 = 23.4 % (per year) and declining 4% / 365 = ~0.01096% / day. Spreadsheet says that should happen on 2019-06-29. Indeed, a ways off. Note that current daily inflation is ~0.11942%, which *would* equal ~43.6% yearly, but the reward declines every block. So it's effectively less. In fact, my 4% calculation will end up being less as well. Which means, we need to find the day when supply divided by supply 1 year later equals less than 1.04. *goes to look* Edit: other way around....supply 1 year from date divided by current supply. Edit2: found it: 2019-01-20, first day when supply 365 days later is less than 4% higher. Edit3: extra credit. Instead of ~43.6%, we are now at ~31.7% yearly inflation due to declining supply. I should do something useful. -_- |
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So tell me how many of you think it's just a blatant topic for advertising their shit coin ?
I would say...YES! BTW, love your tagline: "FUD first and ask questions later !". Very apropos. P.S. have you actually read any of that thread? It's just pages and pages of "Bump", completely devoid of any content whatsoever! P.P.S. |
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Out of curiosity, a technical question; would it be easy to migrate to the new version with/without GUI? You've mentioned earlier that a beta is already floating around but never got the chance to run it myself successfully (MoneroX GUI client crashed on me). I thought starting it from scratch with a new wallet and transfer the funds there, but I just dropped it since it's now working just fine... Would you recommend a migration or a brand new wallet/database? Your wallet can probably be directly transferred over (but I never used the GUIs). I think you can just download the new binaries and run bitmonerod until it's synced up, and copy the wallet files to wherever you want to run the new simplewallet from. Syncing on the new version is often nearly as fast as converting the existing chain and usually less headache. If for some reason your wallet can't be transferred over, you should be able to recreate it from its seed with the new simplewallet. The beta works well for me. Its super fast synching and uses very little ram, as little as 100mb I believe.
My working set is presently ~475 MB, but Private is only 42,400 KB (the number that shows up in Task Manager). Thanks for the prompt answers, from all of you guys. Very much appreciated. I've been away for a couple of days due to a national celebration here. Will try tomorrow on another computer - this VM that I now store my XMRs can't handle a second DB within the same HDD file. Cheers. You'll probably need to remove the old blockchain file before syncing then, and in the nearish future probably add more hard drive space if you're almost out. Also, this conversation should probably be in the main thread, since it's not speculation.  |
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Out of curiosity, a technical question; would it be easy to migrate to the new version with/without GUI? You've mentioned earlier that a beta is already floating around but never got the chance to run it myself successfully (MoneroX GUI client crashed on me). I thought starting it from scratch with a new wallet and transfer the funds there, but I just dropped it since it's now working just fine... Would you recommend a migration or a brand new wallet/database? Your wallet can probably be directly transferred over (but I never used the GUIs). I think you can just download the new binaries and run bitmonerod until it's synced up, and copy the wallet files to wherever you want to run the new simplewallet from. Syncing on the new version is often nearly as fast as converting the existing chain and usually less headache. If for some reason your wallet can't be transferred over, you should be able to recreate it from its seed with the new simplewallet. The beta works well for me. Its super fast synching and uses very little ram, as little as 100mb I believe.
My working set is presently ~475 MB, but Private is only 42,400 KB (the number that shows up in Task Manager). |
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