It may be Warz or someone else. I have been pounding the table in MEW, IRC, etc. that big buys are coming soon. Instead of buying all the coins myself, I want others to load up also. The troubling time of last few weeks has made many sell and likewise many have bought up. The community is not balanced currently and it's good if the balancing happens before the great runups in price.

Besides what you already know, I will announce significant contributions to the Monero economy soon. Meanwhile I urge those who are underweight to buy quickly, and of course the overweight ones should sell correspondingly

Have you noticed that there has not been much if any trolling towards XMR lately, btw?  Such is the power of paid trolls, it ends when you stop paying. The attack is called off, so we are victorious. Victorious.

I was fantasizing with the idea that the 10 biggest whales would each make even 1 OTC-deal to their friends/business associates per week. Only for $5000. This would be $50k per week, 50,000 XMR.

If this had been the way all along, 40% of XMR would already belong to well-connected businessmen all over the world, with a visible boost to price and adoption.

I am doing it, but you can do it also.   

Thieves like to associate with Monero community, not the other way round.

Probably not, please read further  

The MEW is an economic organization, not a political one. That means there is no big kitty to make the big holders support the hobby-participation of the smaller ones. Or even if there were, we would not consider it a right thing to do.

Therefore, the Initial Decisions, made by the then 18 members, accepted as a condition to join MEW when it was founded, provided a way to handle the financial and member registry administration costs. The principle that the costs would be borne by the members according to the usage of the administrative services. We do not believe that this would lead to diminished usage (no incentive) but we do believe that it is a fair way to collect money to pay for the costs.

People would argue why is the ME not working for free, after all this is a voluntary project and everyone else (yes, including me and JE, and the core devs on their side) is working for free. This is because it takes a very special person to be the ME (less people to choose from), yet the tasks he must do are mostly very menial, and involve near 24/7 checking of accounts, incoming mail, bookkeeping etc. that nobody in the real world does for free. I can happily serve in my current position for free, but David's work I would not do no matter how much you paid Having a stream of fees makes it possible to outsource some of this job to other members who get some trickle of an income then.

Back to the MEW initiation. In the beginning, the minimum to join was 50 XMR, about $90. Although it is blasphemy to talk on dollar terms, this was considered to be the level of involvement we would like the members to have to really get into the MEW after joining, making their voice heard and contributing to the projects. There was a resolution to take this price down as soon as possible, to about $30-$50, to increase the legitimacy of the voting. It is a problem if the vote cutoff is so high that it excludes everyone except the biggest owners, and we were very aware of it.

Then it was decided to be lowered to 10 XMR, and simultaneously XMR crashed so that the minimum was only $8. This is good for legitimacy (everybody can get in), but bad for organization (many people get in, some with lesser involvement, knowledge, and determination to support the building of the MEW, which is very much going on). Not only this, but David had not announced the fee schedule for administrative actions, resulting in that all members so far, and for 7 more days, are getting in for free, not paying anything except for the votes themselves.

• Processing a new member request
• Buying more votes for an existing member
• Change in identity information
• Change in how a member's votepower is proxied
• Casting a vote
• Refunding of votes to a member in downgrade or resignation
• Time-based charge for fulfilling special requests (applies to non-members as well)

David has so far announced only the Processing of a new member request -fee, that it is 10 XMR (about $8, and will be revised so that it follows the fiat value more closely than the XMR value). This is hardly excessive; where I live, a loan handling fee is $260. It is more of the principle.

The following items are changes in the registry and require small amount of time and concentration. I hope that the fee for them will be less.

Casting a vote is listed just to show that nothing is holy. It is unlikely that casting a vote will cost anything. The votes are bought "per vote" basis, and charging for voting with a "per member" basis is unfair towards small vote holders. Charging by "per vote" is also not going to happen - we decided that we do not do it, and instead the votes carry a yearly fee and the votepower may thus be exercised in every voting without paying separately.

When resignation, taking care that the refund happens according to rules, accesses to communication channels are closed etc. takes some time. The fee may obviously not be higher than the refundable amount in any case.

I am very interested in hearing how cheap David is ready to sell his time. Even my Estonian car mechanic charged 39€/hour (46 XMR). Hopefully David's time is more valuable - but even if not, please no not bother him with the official matters too much, he is important for the project, for the core team, for the MEW, for Malla and for what not

This is to shed some light to the issue that surfaced out of the woods for many.

This is a very reasonable proposal, and will definitely increase adoption since BTC XBT will again look cheap.

Support +1.

It goes to my clients. I am starting XMR/EUR dealing.

It is only 10,000 EUR and one guy.

Do the math.

It is my deadline only, don't push the devs! 

Was trying to somehow connect, fully conscious that 12 letters (including spaces) do not adequately describe the situation between the supporters of LTC and BTC and their relation to the situation between the supporters of BBR and XMR. Sorry, sometimes you take shortcuts, to perhaps let the reader rejoice from being able to connect the dots.

If your intention is to imply that BCX's opinion counts (as anything except possibly to the contrary), I am flabbergasted.

What the guy said has not come true, so in my books whatever he says from then on, is just air.

Speaking of that, BBR's price may have seen the first air escaping from the pump. Expect more to follow.

I still symphatisize for BBR. When the price goes to sustainable level, the only thing hindering me from buying it is the community (or the lack thereof). If XMR cannot make it despite the dream team, I give very small chances for BBR making it either. And if XMR does make it, BBR will wither away or become a community coin for privacy-conscious people that for a reason or another hate XMR (a little bit like LTC vs. BTC).

It is true XMR is in a massive discount, built up over weeks if not months, as negative event after another has always snuffed the rally. Good thing is, there is much more pressure in the pot now, and the positive developments that will come in the nearest 2 weeks will be the spark to take us higher pricewise also. Today is already the 3rd day in a row with a higher high.

Incidentally, there is right now a MEW discussion&vote round going on concerning this! 

iCEBREAKER welcome to become a member, and contribute!

1,000 votes

Interrupt


Please before commenting at all to this thread, read the OP in its entirety. Otherwise your "contribution" is only detrimental to the way this important issue is being discussed and later, voted, and will be removed. This thread exists only for a specific purpose.

- Every comment must be preceded with the number of votes
- Every comment must be a new proposal, support of an existing proposal, discussion, or an interrupt
- Quoting previous person does not absolve you of the rules

/Risto, your new and eager Voting Coordinator.

Meanwhile we can start a discussion about what kind of game we want to have for next year?

There was very much interest in the beginning of this thread for a simpler game.

No. Currently fiat is managed in banks' excelsheets. It can be moved to blockchain with increased security. When more and more of the premine is emitted to the market, it is visible. It has some advantages. I would likely take it over the current bank cash.

The missive is weekly, and the GUI is coming hopefully by Christmas. There is no need to mention it in every weekly bulletin unless there is something available for trial use or something

Otherwise excellent, very well written summary about the forum! I will have to join soon. My joining is the stress test to any software, because I am naturally dumb, and totally incapable of doing anything lower-level stuff with computers (most higher-level also, but my Excel skills keep me alive year after year). I will come back screaming YIPPEE when the registration has worked fine 

Incidentally, we just started a MEW vote concerning whether to move "our" discussion to a new forum or try to continue discussing here. Since the announcement that a new dedicated forum actually is available, the support from members has moved to support the new forum.

The strategy to buy every alt that (for practical reasons) exceeds a given threshold, would have been somewhat profitable during the recent Bitcoin downturn when BTC declined -34% and TOP-16 alts only -17%.

If you buy relative to the coins' marketcaps, this requires you to hedge 5% of the Bitcoin stash to other coins, hardly excessive.

The reason I haven't done it is that I don't want to invest in something I don't like, just because I "should" mathematically do it. (Well cash is the exception, I always keep some although don't like that it is just a receipt of someone else's debt slavery.)

It's too early to say much about the staying power of altcoins. In 2014, despite BTC ailing, not many TOP-10 coins have bitten the dust.

I'll continue in the line that if I invest, I do minimum 1% of my BTC stash, which also rules out very small coins, since my intention is not to become the top owner. The liquidity must allow for divesting the stash if need be without driving the price to the ground. In other words, any coin that does not have at least BTC100 bid support near market is uninteresting to me. 

1,000 votes

Interrupt (moderator action), to explain the voting process



Sure. This is not even voting, yet. This is just structural discussion that precedes voting and lasts for 7 days precisely for the reason that any good points would receive all the backing there is available, and any bad points would be exposed as bad. When this is over, then the voting may start, and even though there is 7 more days reserved, it is likely that in most cases the 51% required will be reached in express time.

The reason why I asked to introduce yourself with the number of votes is just the convenience to all readers.

Any support to any proposal in this stage is not binding.

The proposal texts are likely not the final ones. Existing proposals may be amended by their "owners". Anyone can propose a new text and can use an existing one as a basis (open source).

New points to "discussion" without connection to existing proposal texts are also much appreciated. Without this, the vote organizer (me) would have too much power in staging the scene as well as directing the discussion.

For practical reasons (and those alone), at present I don't support for changing the vote after the voting commences. When we get a state-of-the-art voting system that automatically calculates the votes, then I'll support it.

You know what we are soon doing in the MEW?

We glean through all the threads and take all the improvement ideas, and allocate them to people so that they can just accomplish everything at the same time. This was the masterplan of MEW all along! 

I mean business.

Nekomata,

You did not understand the context. I was volunteering to bring the XMR to a new exchange to meet the buyers there.

Cryptsy similarly, needs me and the other whales to come there, otherwise it will not have the liquidity.

Liquidity requires both buyers and sellers present in sufficient sizes and numbers.

Yes.

What results, is a "spiky" price curve with high spikes and long valleys.

LOL. (I mean literally)