thanks, great news, you will see some volume awesome  i had to wait before i sold u 3500 crave  you may buy them back but at 10.000 sats nah got enough in my bag...ur btc was my mining investment :)so everything is profit now for me At what price did you do this deal? |
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Crave is now on c-cex.com
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Bitcoiners are happy to pay x2 - x10 more for drugs, as long as they can do it without leaving their basement. Repeatedly losing *all* their coin is just an added bonus.
Dealers, OTOH, learn from their mistakes.
Its not that much more expensive it depends where you live. A gram of coke in Australia is north of $400/g so... Plus its tested, reviewed and most things are much higher quality than the shit you have to go meet dodgy Phil down the back of an alley way for. |
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Evo gone. Less demand by druggies  It's the circle of life... There is more than 1 darknet marketplace, people will just do what they did when SR got shut down, move to another. |
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The rise would be more impressive if Dark-cum-Dash wasn't instamined.
It's worse than that. The instamine is effectively still going on. The way the system is setup you get around an 18% annual return on masternodes right now, so if you instamined 2 million coins you are now getting another 30000 coins per month paid to you by the system. Yeah problem is from a speculation point of view as long as these people don't sell the price will keep going up and lets be honest that's what every alt is at this moment in time, speculation. Bet your glad you bought that 1drk now lol  |
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Never thought I'd see the day where BTC-e starts policing the coins on their exchange. Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?
Did you not read above? |
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btc-e withdrawals are working btw...
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btc-e BTC withdrawals are working btw. Gotta love bitcoin!
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Just existing is plenty good enough if the only purpose is to sell people xmr for fiat. Here, give me 10 bucks, and I'll give you some xmr. See? No massive adoption necessary.
How much use does xmr.to or shapeshift.io depend on? None. They buy coins from exchanges as needed to fulfill orders.
Oh yeah sure, let me just get msb licenses and attempt to open bitcoin business accounts for the 10 bucks, gee glad I went through all that trouble, what a great business. It has to make economic sense sure saying I would like this that and the other is fine, I would love amazon to accept accept xmr. I wonder why they don't, do you think it's because it's not worth their time? |
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Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?
Valid point IMO. Even something like retail prepaid cards would be much better. Everyone always says this for every coin. Fact is the demand isn't there. Nobody noticed that polo offers usdt, nobody noticed how hilarious the volume is. Look I'd love a fiat exchange, go and do it, please I implore you. Fact is with the licenses, money laundering regulations etc it doesn't make business sense. If it did and was a profitable thing to do, an exchange such as Bitfinex or btc-e would have done it. USDT isn't fiat, and polo isn't a dedicated exchange. Even if it was, try creating an account for your mom and see if she can buy some Monero with her USD. I agree with you that easy fiat exchange would be extremely challenging, but we will never achieve real-world adoption/use without it. And I'd definitely try to create it myself if I had the time and legal help/knowledge. Again, I'm not saying everyone has to flock to it. It just has to exist. We want adoption and we want merchants to accept xmr, but we have to have an easy option for new users to acquire it that doesn't depend on BTC. Just existing isn't good enough you need liquidity to have an exchange. You'd be better of setting up something like a local bitcoins seller where you accept fiat and then buy back your xmr on market. |
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Recently a close friend of mine asked me how she could acquire some xmr. I agreed to get some for her, but should I instead have replied, "oh, monero isn't popular enough among crypto geeks for you to be able to buy it with your dollars. Instead you have to buy this other much more popular crypto first, and then trade it on a complicated exchange that won't make sense to regular folks like yourself"?
Valid point IMO. Even something like retail prepaid cards would be much better. Everyone always says this for every coin. Fact is the demand isn't there. Nobody noticed that polo offers usdt, nobody noticed how hilarious the volume is. Look I'd love a fiat exchange, go and do it, please I implore you. Fact is with the licenses, money laundering regulations etc it doesn't make business sense. If it did and was a profitable thing to do, an exchange such as Bitfinex or btc-e would have done it. Funny though, your friend wants to hold xmr which still only has a command line wallet yet a simple btc/xmr exchange is complicated... |
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people will always trade alts on multi alt platforms until a crypto is big enough to support a dedicated platform.
It sounds like you're making up rules that nobody really has to follow. You're saying we all have to dick around on btc-denominated exchanges until we reach some magical threshold where everyone all agrees we can become a "real crypto" with our own exchange. I'm saying we don't need to be the biggest fish in the small pond before competing in the big one. We need to start thinking of (and building) third party solutions for real-world use that will attract outsiders. We don't need the approval of altcoin speculators to do that. I'm not making up anything.... Look, just open up your own xmr/fiat exchange and find out what happens. You believe adamantly that people will flock to a fiat denominated exchange which isn't the case. Even LTC doesn't have its 'own' exchange. |
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Monero will never be a contender until it loses its dependency on BTC.
If consumers can't easily acquire XMR, then merchant adoption is out of the question. Fluffypony is right that a GUI means nothing. The core team builds the protocol. It's the responsibility of third parties to develop the necessary tools for consumers.
But we will never have the consumer demand to drive such third party development without a dedicated and easy fiat exchange. Notice I said "dedicated." It's not enough to be included on some BTC-fiat platform with other alts. There needs to be a stupidly easy way to purchase XMR with fiat money. And yes, I realize that achieving this (legally) is an extremely challenging problem.
We had a dedicated exchange which could have morphed into accepting fiat but the cold hard reality is all the volume moved to Polo, people will always trade alts on multi alt platforms until a crypto is big enough to support a dedicated platform. Which one are you talking about then? I think if some reputable member of the Monero community started a fiat <-> XMR exchange, most of the volume will move to it. Lack of trust in other exchanges is one of the reasons people stay on poloniex. TheKoziTwo an extremely reputable early btc and xmr investor wrote and ran it. Cryptonote.exchange.to. It was the first exchange we were on and then as soon as Polo added us everyone flocked over there. The fact is a dedicated exchange just doesn't gain traction. |
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Monero will never be a contender until it loses its dependency on BTC.
If consumers can't easily acquire XMR, then merchant adoption is out of the question. Fluffypony is right that a GUI means nothing. The core team builds the protocol. It's the responsibility of third parties to develop the necessary tools for consumers.
But we will never have the consumer demand to drive such third party development without a dedicated and easy fiat exchange. Notice I said "dedicated." It's not enough to be included on some BTC-fiat platform with other alts. There needs to be a stupidly easy way to purchase XMR with fiat money. And yes, I realize that achieving this (legally) is an extremely challenging problem.
We had a dedicated exchange which could have morphed into accepting fiat but the cold hard reality is all the volume moved to Polo, people will always trade alts on multi alt platforms until a crypto is big enough to support a dedicated platform. |
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We just need a simple and elegant looking wrapper. That will do the job for now, the account manager can come as a huge update. We can start contacting services for using monero when we have the install and run solution.
Lets get that DB out now, make an official wrapper. Thats all
I've mentioned this before, but a GUI will make diddly-squat difference to merchant adoption, it'll only make a difference to ease of user adoption, and even then 90% of the users will complain about the size of the blockchain or the speed of the sync or the amount of bandwidth it uses. Merchants, exchanges, and automated systems need several things, and the database is just the first step. Without walletnotify / blocknotify functionality, and without an RPC layer that supports HTTPS and Simple Auth it is immensely painful for merchants to build systems, the paradigm shift is too large. Further to that, only recently (like in the last week) has anyone actually started building out libraries for Monero integration (even though this could have been done by anyone willing months ago) - https://github.com/tippero/python-monerohttps://github.com/MalMen/PHP-MoneroThe enthusiasm is great, but pragmatically speaking I fear we will lose merchants if the onboarding process is as painful as it is right now. Isn't that a little bit of an oxymoron? User adoption has to come before merchant adoption, why would a merchant accept or begin to accept something without the user adoption first to justify it. Of course merchant adoption needs to be as easy as possible but merchants won't adopt without the demand from users. |
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Who was it who was speculating that with a drk price decline that we would see an xmr bump? Now drk seems to be mooning are you speculating that the inverse is true ?
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I think the lack of bidwalls are baiting another spike to 255 Not going to take the risk though, 260 is good enough for me i wonder what btc will worth on monday ?
My guess is around 1 bitcoin We're currently building a huge bear flag, target around 270 and then dropping to the core again Of course we are You keep up those shorts now!! Don't be afraid, bitcoin always goes back down LOL No shorts yet my friend, currently in a healthy long position from low 250's fwiw. |
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I think the lack of bidwalls are baiting another spike to 255 Not going to take the risk though, 260 is good enough for me i wonder what btc will worth on monday ?
My guess is around 1 bitcoin We're currently building a huge bear flag, target around 270 and then dropping to the core again |
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