Why is ethereums market cap so much higher worth 2,229,231 BTC vs xmr 34,969 BTC market cap. Doesn't make sense to me I hope this can change  ETH is *much* more high profile (EG, Keynote Speaker Szabo + Imogen Heap + IBM/Microsoft is hard to beat) and the goal is easier to understand/appreciate than fungibility (Global supercomputer? You mean like Skynet from The Terminator? Cool!"). |
|
|
|
That's the first thing Adam talks about in his speech. Might be kind of esoteric deep diving for a VC. There was a great Potential Monero Investor Executive Summary that Risto wrote or edited. Can't find it on the MEW page. Halp? |
|
|
|
Fund complete within an hour nice  What took so long?  *kidding* It's such a gratifyingly stark contrast between Monero's laissez-faire voluntary grassroots FFS and Dash's inflationary top-down zero-sum compulsory emission-funded budgets. Our way generates enthusiasm when a project is proposed and as it's funded/completed. There is no limit to what we can do. Plus Monero is taken out of circulation until the recipient spends it, which supports the price. Dash's way generates bickering as different projects fight over the available funds, and amplifies lingering community bitterness as support for formerly popular projects wanes (EG the overpriced soda machine and useless PR agency fiascoes). Not to mention new Dash are created as needed, using magic-wand/printing-press style fiat power, and dumped on the market ASAP (to cover fiat expenses). |
|
|
|
It's nice to quote Adam Back but I think his formulation is weak. It's better expressed as " Fungibility requires privacy". The later relationship makes it clear there is no other way to obtain fungibility at the macro scale than to offer privacy at the user scale. Adam's (admittedly subtle) formulation is exactly right; yours creates chicken-or-egg recursion. Did you listen to the context? He may have put up some reddit posts on the subject too. CBA to find them tho.  It's more a matter of PR and catchyness rather than pure logic, for me both are correct in terms of logic. What I find weak/unintuitive with his statement is that he expresses the desired result at the global scale (fungibility) and says "by the way that also gives you" the desired result at the individual scale (pricacy). I much prefer to express that if you want to get to the general goal "fungibility", you'll have to design your system for the goal "privacy" and there is no alternative that'd by-pass it Monero's " involuntary" (ie 100%) fungibility is logically prior to its privacy, which is an emergent property. Systemic macro scale fungibility supervenes upon privacy at the individual user level. Pure logic FTW.  |
|
|
|
It's nice to quote Adam Back but I think his formulation is weak. It's better expressed as " Fungibility requires privacy". The later relationship makes it clear there is no other way to obtain fungibility at the macro scale than to offer privacy at the user scale. Adam's (admittedly subtle) formulation is exactly right; yours creates chicken-or-egg recursion. Did you listen to the context? He may have put up some reddit posts on the subject too. CBA to find them tho. |
|
|
|
To anyone who believes the false narrative that Dash's governance is a dictatorship, let me tell you a story.
Evan submitted a proposal to hire Transform PR to represent us. It was approved, and after a month some community members started having second thoughts. There was a big discussion on DashTalk, resulting in the Transform PR Initiative being struck down, and Evan himself as the Dash representative had to embarrassingly cancel the contract he had signed.
Does that sound like a dictatorship to you? Amanda Johnson has Dash figured out just fine, my disillusioned friends.
That's a nice Duff-splanation, but wouldn't a core dev like vertoe know exactly how centralized and dictatorial Dash is? I tend to believe a former Dash core dev like vertoe over a full-time apologist/internet marketing flunky like you or a random YouTube journalist. Especially since Amanda is sponsored by Dash and thus has a massive conflict of interest in reporting the facts of the centralized, instamined Dash HYIP scam. i left because i disagree darkcoin or however it will be called next year is not a decentralized entity. it never was but i ignored it as long as darkcoin was following the same path i was following. the path to total financial privacy. and thats why i am so upset about how this currency is lead by a single person. darkcoin is like an old conservative company with strong hierarchical comamnd structures and a single person on the top of the pyramid. evan duffield. the rebranding using a detergent name was just a step forward in creating something like apple or paypal. fuck this i tell you. what we need is a trustless, decentralized and anonymous currency.
darkcoin is not decentralized as it still relies on a single person. and this reaches deep into the code base.
the core devs were just a bunch of volunteers exploited for the big thing. the extended darkcoin team was the same with even a lower place to sit on that pyramid. and what was the darkcoin foundation again? right, something to reserve some rights on some names and collect money. who nominated and voted for the foundation board? who does even know who are these guys? how did we learn about the foundation? from local news papers! the team listings kept counting names of people nobody ever noticed before. and they never committed anything visible to the community or the repository. and i was spending 25 hours a day monitory everything that happened in the darkcoin community for more than a year. the things going on here are fishy, intransparent and rely on a single entity.
i will get out and and will contribute to something decentralized and anonymous. i always hoped darkcoin could fill that void. i cant blame anyone to stay with this project. you are probably investors trying to win a gold donkey. or you are simply trying to exploit every possible vector of profit in the coins space. whatever. you are not here because darkcoin is something it claims to be.
if you disagree with my statement above, i dont care, but answer that simple question: what if evan duffield suddenly announces he quits the project tomorrow morning? Same old song and dance. Your material is so old. As for Dash, the facts stand on their own, even with your constant negative spin. We're not going anywhere, no matter how many threads you hijack. And that kills you. That's a nice Dufflection from the question at hand. I repeat: wouldn't a core dev like vertoe know exactly how centralized and dictatorial Dash is, especially as opposed to a sponsored journalist?You know the answer is yes, but can't admit it for lack of integrity and overwhelming financial conflict of interest. |
|
|
|
It's pretty obvious that DASH and MAID are complete pump and dump scam coins. Look at the amount of trolls saying otherwise. Do your research before putting your money in these shitcoins!
THERE I FIXED IT. |
|
|
|
To anyone who believes the false narrative that Dash's governance is a dictatorship, let me tell you a story.
Evan submitted a proposal to hire Transform PR to represent us. It was approved, and after a month some community members started having second thoughts. There was a big discussion on DashTalk, resulting in the Transform PR Initiative being struck down, and Evan himself as the Dash representative had to embarrassingly cancel the contract he had signed.
Does that sound like a dictatorship to you? Amanda Johnson has Dash figured out just fine, my disillusioned friends.
That's a nice Duff-splanation, but wouldn't a core dev like vertoe know exactly how centralized and dictatorial Dash is? I tend to believe a former Dash core dev like vertoe over a full-time apologist/internet marketing flunky like you or a random YouTube journalist. Especially since Amanda is sponsored by Dash and thus has a massive conflict of interest in reporting the facts of the centralized, instamined Dash HYIP scam. i left because i disagree darkcoin or however it will be called next year is not a decentralized entity. it never was but i ignored it as long as darkcoin was following the same path i was following. the path to total financial privacy. and thats why i am so upset about how this currency is lead by a single person. darkcoin is like an old conservative company with strong hierarchical comamnd structures and a single person on the top of the pyramid. evan duffield. the rebranding using a detergent name was just a step forward in creating something like apple or paypal. fuck this i tell you. what we need is a trustless, decentralized and anonymous currency.
darkcoin is not decentralized as it still relies on a single person. and this reaches deep into the code base.
the core devs were just a bunch of volunteers exploited for the big thing. the extended darkcoin team was the same with even a lower place to sit on that pyramid. and what was the darkcoin foundation again? right, something to reserve some rights on some names and collect money. who nominated and voted for the foundation board? who does even know who are these guys? how did we learn about the foundation? from local news papers! the team listings kept counting names of people nobody ever noticed before. and they never committed anything visible to the community or the repository. and i was spending 25 hours a day monitory everything that happened in the darkcoin community for more than a year. the things going on here are fishy, intransparent and rely on a single entity.
i will get out and and will contribute to something decentralized and anonymous. i always hoped darkcoin could fill that void. i cant blame anyone to stay with this project. you are probably investors trying to win a gold donkey. or you are simply trying to exploit every possible vector of profit in the coins space. whatever. you are not here because darkcoin is something it claims to be.
if you disagree with my statement above, i dont care, but answer that simple question: what if evan duffield suddenly announces he quits the project tomorrow morning? |
|
|
|
The Xcoin/darkcoin/dash thread has been non-stop bombarded with people yelling "instamine" and "scam" since day one. Can confirm, the coin with the sneaky "accidental" instamine often has that issue come up. Sorry, but you need to do more than just wish the instamine issue would go away when you Duff-splain how it was all just a crazy misunderstanding. As for which is the biggest scam, its hard to beat a coin like Dash, that gets called out BY THEIR OWN CORE DEV for being a "fishy" way for greedoids to make a centralized gold-crapping donkey. i left because i disagree darkcoin or however it will be called next year is not a decentralized entity. it never was but i ignored it as long as darkcoin was following the same path i was following.
this currency is lead by a single person. darkcoin is like an old conservative company with strong hierarchical comamnd structures and a single person on the top of the pyramid. evan duffield. the rebranding using a detergent name was just a step forward in creating something like apple or paypal.
fuck this i tell you. what we need is a trustless, decentralized and anonymous currency. darkcoin is not decentralized as it still relies on a single person. and this reaches deep into the code base.
the core devs were just a bunch of volunteers exploited for the big thing.
the extended darkcoin team was the same with even a lower place to sit on that pyramid. and what was the darkcoin foundation again? right, something to reserve some rights on some names and collect money. who nominated and voted for the foundation board? who does even know who are these guys? how did we learn about the foundation? from local news papers!
the team listings kept counting names of people nobody ever noticed before. and they never committed anything visible to the community or the repository. and i was spending 25 hours a day monitory everything that happened in the darkcoin community for more than a year.
the things going on here are fishy, intransparent and rely on a single entity.
i will get out and and will contribute to something decentralized and anonymous. i always hoped darkcoin could fill that void. i cant blame anyone to stay with this project. you are probably investors trying to win a gold donkey. or you are simply trying to exploit every possible vector of profit in the coins space. whatever. you are not here because darkcoin is something it claims to be.
if you disagree with my statement above, i dont care, but answer that simple question: what if evan duffield suddenly announces he quits the project tomorrow morning? |
|
|
|
I bought my first bitcoin in 2011 and didn't in my wildest dreams imagine that we would have come this far in only 5 years. It's been an enormous success. The number of vendors accepting it can't be counted. I use it everyday and love it.
But I guess it's dying now. That's what all the smart people are saying. Bitcoin is gonna be replaced by something better. It's different this time. Sure, Litecoin had faster blocks and more coins. Ripple was the future, everybody knew that. Why would we use bitcoin when we had Counterparty? Mastercoin? NXT? Heck even auroracoin had a marketcap 20% that of bitcoin at one point. Actually forget all that, now it's ETH that will kill bitcoin. This smart 19 yo wonderkid finally nailed it, now bitcoin is really dying for realz. Changing the entire infrastructure and vendors from bitcoin over to ETH will be done in exactly two weeks. That it happened so fast is pretty amazing. All that had to happen was for the price of ETH to go up and bitcoin died. From revolutionary to just another shitcoin in a couple of months.
I wonder if people will remember ETH and XMR when they have been replaced in 5 years? I doubt it.
Nice to know I'm not the only one that doesn't like Bitcoin Obituaries being used to hype Monero. Can we please leave such slimy, desperate, FUD-based selling tactics to paid spammer DashHoles like tungfa? |
|
|
|
WOW LOOK MONERO
Two whales clashing epicly... WOOOOOW, one get slauthered, I was looking at realtime... my god!
Which got slaughtered, the bullwhale or the bearwhale?  |
|
|
|
Point is that trading/investing has not, as most people think, to do about an asset but more about as a means to 'steal' money from others Traders win or lose money from/to each other. They don't 'steal' it anymore than a champion poker player does. It's all a means to the ends of the market's invisible hand, so ethically there's no problem. The idea of a pissed off, dumped-upon bullwhale hunting for stops and margin calls is hilarious and probably accurate.  |
|
|
|
So in a matter of 45 minutes there is wild 35% increase and decrease of the price.
Can someone who trades explain what the benefit of such pump during the simultaneous dumping is? If the buyer wants to accumulate or defend a certain price level, why don't just buy anything below 0.0027 during the dumps? Why drive the price up all the way to 0.0032, what is the benefit?
No way to know for sure what % of the spike are cause and what % is effect, but a spike can potentially cause some shorts to be liquidated, which in turn causes more short squeezing as they are forced to cover. Due to interest being charged on borrowed coins, more XMR must ultimately be repurchased than were sold short. So you can push the price down temporarily but eventually it only comes back stronger than before. |
|
|
|
Ok I think I'll leave you folks to your little hobby. Have fun to yourselves  And right on cue, there's the Dash cult enforcer. Notice how he just makes a cutesy minimizing deflection instead of attempting to justify or rationalize Dash's instamine, centralization, etc. BTC core devs Peter Todd and gmaxwell are professional coders/cryptographers, so this isn't just some random dude and his "little hobby," as toknormal dishonestly implied. http://pastebin.com/15dPiuue |
|
|
|
If you are really looking to find a scam, the elephant in the room is Dash. The dev premined boatloads due to a 'mistake' and he didnt fix it because the community was cool with it  That seems totally legit. I like how the Dash [ANN] thread's cult enforcers are so quick to attack anyone who fails to cheer loudly enough for their insta-mined, completely centralized scam coin and associated Masternode HYIP. The way the DashHoles report and remove on-topic posts that aren't sufficiently positive really makes me believe they are a mature, stable community with nothing to hide. |
|
|
|
I Bought some more yesterday while it was relatively down to equally diversify my Alt holdings.....Eth/Maid/Monero
Maid? Why? If that wasn't a scam we'd see the cypherpunks (re)tweeting about it. You think they'd just ignore Maid if it was a genuinely useful innovation with actual potential? Maid is pre-Bitcoin crypto with trendy, shiny bits of BLOCKCHAIN ® bolted on as a marketing (and more importantly, ICO funding) mechanism. You're better off with blue-chip altcoins like LTC and XPM that have proven years-long histories of real-world functionality. |
|
|
|
|
Show Posts
