The DB!!!! Exciting  I can't test it right now being at work, but I'm very eager to try it after x-mas |
|
|
|
Well this is boring. Go watch the XMR chart instead. Up 30% today  some days one altcoin rises a lot, but every day we see lots of alts going nowhere but down. It is like gambling. I could instead watch the guy that managed to win 1M from few dollars by winning a giant parlay XMR is not a gamble: It's got the only viable tech for dark liquidity, and leads the market in software, liquidity, and social capital. XMR is not an "alt": It is an innovation on par with BTC in its sophistication and in its economic importance. Monero is junk. Stop listening to Risto and the others, they don't know what the hell they are talking about anymore. Does "the others" include the core devs who are in contact with the xmr-devteam about the underlying technology? |
|
|
|
Someone was happy with the voting results I guess. Solid walls. 60btc @ 0.0012 en 40btc @ 0.00114  |
|
|
|
many early btc adopters have a big stake in LTC seeing it as the silver to gold
If that were true, XMR would be platinum. I like this one as a marketing gimmick  Would we be the first coin to claim this? 2015 price target 2-3 usd/xmr with minirallies to 6-7$ (0.003-0.005 vs 600 btc/$)
2016 price target 5-15 usd/xmr (0.005-0.015 vs 1000 btc/$)
2017 price target 35-65 usd/xmr (0.015-0.025 vs 2500 btc/$)
2018 price target 125-375 usd/xmr (0.025-0.075 vs 5000 btc/$
2019 price target 750-1000 usd/xmr (0.075-0.1 vs 10000 btc/$)
2020 price target 0 successful government crackdown using a supersecret quantum computer obfuscating ring sigs.
Because 2014 is almost over, let's do some wild predictions Your bitcoin predictions are depressing. $600/btc in 2015? Well first of all, it's only simplistic speculation (don't only fools do that? ). So many factors in play it's nearly impossible to make a educated guess. Having said that, I think (as was discussed above) that there's this gradual shift from pure speculation to adoption/usability. The VC-funding and the many entrepeneurs in the ecosphere play a big role here, but also the current users being ambassadors. If we can 'up' our base from ~100 in 2013, ~300 2014 to ~600 in 2015 I'd say we've done quite (extremely!) well. This doesn't mean permanent sideways action in this region, it'll probably be with spikes and valleys since this is bitcoin. Fixed supply vs fluctuating demand. Maybe a rally to 800 and some lows in the 300-400. Think what it'll do to the image as well. Leaving the infancy-period and getting a bit more stable price-wise with the years passing. Then if BTC will go into it's adolescence period we'll see growth spurts. This is by far the largest 1 week gain (as %) since the FUD storm era. Anyone who bought below 001 and does not want to hold for the long run should probably sell now. Preferably, to me.
On a tear... 0.0013 Fairly pleased with my doubling down @ .0010x range now, though the dip to 0.00091 had me a bit shocked immediately after  If I was a trader I might even take some profits here. So far though, I haven't figured out how to sell, only buy.  It is possible to sell?!  I guess poloniex disabled that feature for me in these regions.. |
|
|
|
It means it would be so extensively modified to be almost unrecognizable by the time you were done.
Monero was just not a good fit for the type of work Peter wanted to do, which was to focus on working on coins that all use the same code base so his existing knowledge of the code would be valuable and provide synergies for him between projects. That's exactly what he told us.
+1 Each project you get yourself involved with is a significant mental overhead, especially when what the codebase is doing is similar, but not 100% identical, to other codebases you work on. Even on Bitcoin itself I specialize on one specific aspect of it, the consensus critical code, and within that, the scripting system. Yeah, I understand, makes sense. I (falsely) interpreteded that twitter message with a certain undertone. In a lot of (corporate/official) communication if something like that is said, you can bet there was a conflict of some sort. Glad to hear it was more nuanced Maybe in time this community/project proves to be worth the investment of getting up to speed with the different codebase. Would be awesome to have a bitcoin-hero with a legacy like you on board. |
|
|
|
2015 price target 2-3 usd/xmr with minirallies to 6-7$ (0.003-0.005 vs 600 btc/$)
2016 price target 5-15 usd/xmr (0.005-0.015 vs 1000 btc/$)
2017 price target 35-65 usd/xmr (0.015-0.025 vs 2500 btc/$)
2018 price target 125-375 usd/xmr (0.025-0.075 vs 5000 btc/$
2019 price target 750-1000 usd/xmr (0.075-0.1 vs 10000 btc/$)
2020 price target 0 successful government crackdown using a supersecret quantum computer obfuscating ring sigs.
Because 2014 is almost over, let's do some wild predictions |
|
|
|
His other work is all done on the Bitcoin code base and he didn't like the idea of using a different code base. Part of that was philosophical but part of it was just practical in terms of not wanting to climb up a steeper learning curve for one project (he works on many). Is that possible? I always understood that the different codebase was sort of a requierement for this tech to be implemented correctly. That is pretty much true. It is possible but not really all that practical. It would require extensive modifications, and not really be the same code base anymore in a useful sense. Also, he never volunteered to do that (even for pay), he simply decided to go take other work that didn't have a learning curve. What does this bold part mean? 'It is possible, but the implementation-side has to be redone entirely'? |
|
|
|
His other work is all done on the Bitcoin code base and he didn't like the idea of using a different code base. Part of that was philosophical but part of it was just practical in terms of not wanting to climb up a steeper learning curve for one project (he works on many). Is that possible? I always understood that the different codebase was sort of a requierement for this tech to be implemented correctly. |
|
|
|
Today is a good day! I just bought some more moneroj Feeling very confident I got a great deal. |
|
|
|
|
Master Luc, I summon thou
|
|
|
|
Worst coin since WC Probably the last alt-coin I'll ever buy too. I hope the people shilling for it made out ok, because this sucker is tapped out. I think most, pbb >90% (estimation) of the people who bought into this one are in the red. The 'shills' as you call them as well. Most of the guys who were actively advocating xmr seem to be still around. (the prominent ones at least, newbie accounts shouldn't really count). They aren't as loud as they used to be because there's not much to cheer about from a speculative viewpoint. I know this doesn't help you financially, but should give you less of grudge, u weren't suckered in or anything. The obvious sockpuppets (reversed trolls) like moneroman did indeed dissapear. Those guys were just part of a temporary coordinated attack to take some wind out of the sails, which they succesfully did. This actually validates this project in a way, why would they put all this time/effort/money is something they do not fear? Fundamentals of this coin didn't change to the negative iyam. In fact there's a webwallet now and some other cool feat's coming up (database, gui). Codebased is getting brushed up, dev-team showed a couple of times what they're worth,etc. Also one of the premises for me to buy this coin was the anonymity. That's still the one to beat. Heck, even core btc dev's are seeing potential in this tech. More and more people are realising btc is not the optimal e-cash, just the biggest and most famous (and thus worthy) one. They will go look for another option. I think at this right moment most people will turn to dark, since they're ahead of us feature and marketing wise. From a technical viewpoint monero is superior tho. This isn't the usual betamax vs VHS, or HD vs bluray battle. We're talking currency, and in currency the good money will drive out the bad. In this particular niche the coin with the best technology will win eventually. The real battle is still ahead. I think in 2015, once this product is more solid, there will be more marketing, more use(rs), more liquidity etc. And thus resulting in a higher price. So yeah, i'm in the red big time, as are a lot of us, but haven't lost my faith (to the contrary). |
|
|
|
More supply again (MtGox 200K BTC + 2nd SR auction):
Down
It always amazes me that there are panic dumps whenever an article mentions a chunk of coins being manhandled in some way. Oh no, 50,000BTC are going to be privately auctioned in a month, I better dump! Hell, with the Mt. Gox coins we don't even know if they'll be sold off or returned, and when. It certainly isn't going to be tomorrow or the next day. It's almost as if people forget that there are millions of BTC out there where even a marginal percentage could just show up on an exchange at any given time. Market is more wise than any individual, it is the perfect voting system. Whether you wanna admit it or not is your problem. The fact is that we have confirmed increase in supply: 50k this month + 94k from SR auction. 200k from MtGox 8k from Australian police Show me evidence for increased demand (the reason I said 'Down' is because I still see buying pressure only from the usual suspects: speculators and funds, masses are not interested at all).I don't have any official source or reliable stats to prove my statement, but I'm seeing more and more people around me getting interested in buying 'a afew of those bitcoins'. They all more or less come to me for advice since they know i've been following/speculuting (on) it for a while now. In the last month I had 2 family members (seperately), 2 friends, a colleague and an aquintance contacting me about how/where to buy, whether it's a good time etc. Of those 6, 4 started buying recently (recommended them dollar averaging). The other 2 will probably follow soon. I'm aware that this is in no way reliable info, but it could implicate a reversal of the caring of the masses. Then for official numbers; look at the buys of the BIT (bitcoin investment trust), the stats of local bitcoins and the growing activity on chinese exchanges. You could make the case for some momentum being build slowly. I believe the ground is fertile for another (maybe smallish) rally into the 5/6 hundies. IMO/my guts says the rocket is slowly getting filled with fuel again, we now need something which ignites it. COIN / cyprus style situation (russia/china currency controls) / some other random bullish event for btc and things could start happening really fast. |
|
|
|
|
Don't forget to donate if you like the work guys!
|
|
|
|
c12117aabda2162cd1bceaf47c737cc97cea9e9a46336077311deebedeea057a 50 more, because of and coming from... the webwallet  |
|
|
|
|
Very true binaryfate. Bids were superlow, as was the price. No abnormalities, nothing.
Once again shows that this is one of the few exceptions in the altcoin scene.
|
|
|
|
Didn't watch the price the last 3days. What's going on? My guess: many traders heard "three billion hedge fund will be trading on OKkoins platform" and understood that it would be trading bitcoin. So they bought like crazy, expecting the price to go to the moon when the fund would start buying. But the rumor was not confirmed, and people are now doubting it So the traders are all selling like crazy, to cut their losses while they can. But perhaps there will be another good rumor tomorrow, who knows. What do you think about the BIT purchases 7.8k a couple of days ago, and recently 6k (btc). |
|
|
|
|
Wow, China seems to be in Honeybadger-mode. 2573CNY broken. Will stamp follow?
|
|
|
|
Also makes me think of one of cypher's earlier tweets:
"its also the way out for the Millennials to escape the debt hole we Boomers r forcing upon them."
I think this is key. I'm actively advocating such an escape in my social circles (being one). Not many of us (understatement) are thinking/reading up about these issues, let alone take precautions. A 5-10% bet of your networth would set you and others right if the time would ever come. If 'that time' doesn't come, there's still a great chance that your holdings have increased in value. Potential downside is limited to the amount you're willing to put in, upside is unkonwn. Asymmetrical as f***. Just makes so much sense to me. People in the earliest stages of their lives should not be thinking in terms of "5%-10% of net worth," because they probably don't have any yet. Millennials should be going into full exit mode: move what savings they out of fiat and into Bitcoin, and start building work experience/ businesses in the Bitcoin economy. It's not like anything of the present system is going to be left by the time they get to retirement age, so they'd do well to escape from it as rapidly as possible. Kinda sucks for the Boomers who aren't going to find another generation to hold the bag for them, but being old means they had all their lives to prepare for the end of an unsustainable system. You might be right, but what if you're not? If you put in a moderate amount and shit hits the fan, you'll be well of. If it doesn't you're also well off since you risked a moderate amount. You can 'go all in' now and be VERY well off, but it'll be shit when either bitcoin fails, the system gets an sublime intervention or for w/e reason the projected scenario doesn't play out. Wiping out you're entire savings now will have a large impact later in life (power of compounding). So since i'm advising people, I advise a reasonably safe move. If people can/want to risk more, they should imo (which is what I tell them then). I'm talking here about people with more than 5-10k savings, if you've less than that, I agree with you that the % should be higher. To clarify, I'm using myself as a base scenario. i'm mid/end 20's and have build up some savings (mid 5 fig's) over the last years with a well paid job, poker and bitcoin (i've been a buyer since feb '13). I have no debt (no mortgage, not buying in this market). I own gold/silver (phys) some stocks (which i've been liquidating the last months) some currency (home/foreign) and a lot of crypto. I'd say the ratio's are 15%, 10%, 25% 50%. This is a portfolio i'm very comfortable with at the moment. To be fair, I do have a healthy (above average) appetite for risk. For people in a similair situation (steady influx of money/time horizon/savings/etc) I feel comfortable advising 5-10% for the reasons stated above. More if they are more like me riskwise. I think moving all in wouldn't be the optimal play for me. |
|
|
|
Moon? i lol'ed: "So I said OK well let's assume it's something like gold—There's a finite amount of it," Pal said in an interview with Grant Williams on Real Vision Television. "There's a finite amount that's been mined. The rest is underground. We kind of know how long it's going to take before all the gold is mined or before all the bitcoins. Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. Now, you'll never hear an analyst say this—but I don't mind this—I could be wrong by 90%, and it's still worth $100,000."http://uk.businessinsider.com/raoul-pal-on-bitcoin-2014-11?r=USI suggest you watch the video at the end of the article if you haven't already. Much more interesting than the article. Only at the end does he drifts into nonsense suggesting gold will be improved to allow for currency use. It seems he hasn't accepted yet that Bitcoin is effectively gold's replacement but he definitely understand its value proposition Thanks for highlighting the video. Great interview, especially if you believe in both gold and bitcoin. Indeed it is. He expresses the exact worries a lot of us've been having about the financial system very well. Also makes me think of one of cypher's earlier tweets: "its also the way out for the Millennials to escape the debt hole we Boomers r forcing upon them." I think this is key. I'm actively advocating such an escape in my social circles (being one). Not many of us (understatement) are thinking/reading up about these issues, let alone take precautions. A 5-10% bet of your networth would set you and others right if the time would ever come. If 'that time' doesn't come, there's still a great chance that your holdings have increased in value. Potential downside is limited to the amount you're willing to put in, upside is unkonwn. Asymmetrical as f***. Just makes so much sense to me. |
|
|
|
|
Show Posts
