Many shitcoins take over xmr one after another just because they are marketed well. Due to lack of proper PR, marketing, official site and so on, people do not really know what xmr, privacy and fungibility are. Once these are fixed, the price will start increase. Even without and before any significant update to xmr code.
So lets go on.
Let the XMR team do the code and we rest may do the marketing. Twice a month at least youtube video. Blogs and posts to the reddit and other such sites. Invent by yourself.
To me this argument is really starting to resemble "When will we get a GUI wallet?" 2.0 |
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My speculative thoughts run currently along these lines. 1. The majority of bullshit alts MUST fail. I'm not even counting ETH. That's it's own bullet point. But Dash? Bytecoin? A hundred other scammy projects? 2. As to ETH... it does offer interesting tech. But.. a. It has broken (and forked) once. It will almost certainly break again. b. No one really knows if we actually NEED the tech ETH offers. When these things happen we will see the value of the ALTS drop wildly. Questions: What will happen to BTC? Seems like lot's of money flees back to it. What will happen to XMR? It has always run a bit contrary to the ALT runup. Will it reciprocate in the altpocalypse? Will XMR drop, hold or rise with BTC? Or... is all that rambling misplaced, and the crypto markets are on a healthy realistic trajectory?  |
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mining emission does not change.
And? In case if big amount of coins sells immediately once they mined then it's made pressure on price One other thing... whatever selling pressure might be created by botnet masters is simply nothing in comparison to the LACK of buying interest in comparison to the other major cryptos. 14 coins are currently trading higher volumes than XMR. Bitshares volume is 10x Monero's so far for today. Healthy buying interest should easily overcome the amount being sold by botnet herders. But it is not, currently. |
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mining emission does not change.
And? In case if big amount of coins sells immediately once they mined then it's made pressure on price I believe your analysis is spot on. But your suggestion that the devs do something... 1. What do you expect them to do? This is just one side-effect of the cryptonote CPU mining strategy. 2. Even if there WAS something they could do, I doubt they would since the cypherpunk/freedom/decentralized values run deep in the project and it's devs. |
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A monthly subscription of $39 a month is required after reading a certain number of free articles.
Edit: Can it be found anywhere else?
You might take a look at the cached page in google.  |
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From the point of view of economics, what do you see the main problem with Dash?
Money needs to be a store of value, means of exchange and measure of value. What are the characteristics of money that Dash is lacking?
To be a store of value an asset must either be issued by an extremely powerful and relatively trustworthy central entity (USD) or be as close to trustless as possible (BTC XMR). Dash is exactly neither of these. To be a means of exchange an asset should be in use aside from speculation. (USD BTC XMR) Not so much dash. To be a measure of value? Just about anything fits that bill. Dash is a centralized, pre-mined, ponzi scheme. |
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How is ringct better than ct with mixing and stealth addrrsses? Hint its not
Hint - the whole chain is opaque not just some of it Prove how ring sigs are better than tumblebit or valueshuffle. Only benefit I can see is that its done per node without external service although its not consensus driven so moot point. You are saying ct with mixing is not anon fully? How so? One difference is the blockchain is opaque. You can never know how much or how little I hold. You can't see how much I send. You can't see to whom I send it. You cant see that something was sent at all. You cant really even guess. Everyone else's transactions are also private. You can't even deduce or get a partial picture from a sybil attack. Privacy is simple and baked in. It's way better than optional, partial privacy. |
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That is true. But why did Poloniex decide to list BCN and have not taken a look at Aeon? BCN was known for cheating the community for its mine and they have faked their timestamps by making it appear that it started mining on 2012. There was also a fake story about it being a secret currency used in the darknet.
Who are the developers of BCN now?
You know, this has always been a concern of mine... at the Monero NYC Meetup not too long ago, Surae brought up something that I have been wondering about now since then; and that is, if we got this new awesome crypto algorithm from Bytecoin that we are basing everything on and not Bitcoin's... then how much can we trust it? That is a very rough paraphrase there, but that's what he was basically saying and he said he was going to look into it in his research at the Monero Research Lab. I know this doesn't answer your question, lol... sorry. Just was curious if anyone knew any more about that? This has been a persistent concern of mine since the very beginning of my relationship with Monero. I am very glad Surae is chasing this... |
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It's also funny seeing Aeon barely having any volume on Bittrex while the scam Bytecoin is enjoying the life in the top 10 at coinmarketcap and having good liquidity in Poloniex.
Completely agree. Purely speculation but I believe the Poloniex team just bought up as much Bytecoin as they possibly could then introduced it to their marketplace. Why not? I would, lol Bytecoin has been on Poloniex since '14. Anyone could buy all they wanted for 1-9 satoshis for months at a time. |
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Last time XMR broke 0.025 there was more than 100k XMR on lending market, now there is less than 30k XMR available for shorting, holy cow There must be a whale pumping. Risto? Is that you? No... it's not him. It is also more than one person. |
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New ATH 13 days after Fluffygate. All that rage for what? People need to chill man... XMR was no less awesome then than it is today.
I don't see anyone else talking about it. |
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Nothing. It just wants to follow big brother Monero.
Still strong! Apologies for my ignorance, is it literally attached to the Monero stock price? Or just when the price rises speculators will also get Aeon as its Monero's little brother? No actual connection to Monero's price. It is just a closely related project. |
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Great googly moogly.
If I had the slightest idea what the hell Monero was doing price wise.
It always has had a bit of contrarian flair.
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I see them using incorrect data in which they are basing their decisions.
I don't disagree with you at all. I find myself wondering if part of the problem is the definition of "tech". According to them etherium is brimming with tech. I can see what they mean. And i think that project will produce another train wreck before it's all over thanks to their 'tech'. Monero seems low tech to the layman. We have to continue to do a better job explaining how deep Monero goes to the seemingly simple goal of monetary privacy. There is a communication breakdown. Therefore an opportunity. |
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And Dogecoin is even higher in rank?  This proves again, that there will be more people that will understand the technology later, and thus add to price chasers due to FOMO.  This chart is a complete joke!  So I got home from casino and forgot I had a long since last Wed @ 182 nice to see the red disappearing.  Two thoughts on this. First I see this as an interesting glimpse into the perceived value of Monero and other alts by a very important player in a very important culture. This should give those in our community who are bent on marketing the marching orders they need. Though I personally fit in with our naturally technophillic navel gazing culture in Monero there are some of us who are gifted to tell the story of our project. These folks are important. But by 'marketing' I do not mean a focused barrage of lies or 'pumps' as folks like the idiot duck are always talking about, but instead shaping the organic conversations and narrative WE are responsible for as the frontrunners in the monero project. We see for our Chinese markets we need to clarify our tech, and explain how Monero mitigates risk. This chart is a goldmine if we see it as an opportunity rather than a judgement. Honestly I see it as a reverse engineered list of poloniex's top traded alts, basically in order of volume recently. Then someone ranking coin aspects to try to make sense of that order. Not so scientific but pretty revelatory of opinions. Second... are you guys seeing what i am seeing? The big player exchanges are starting to realize alts are important, and just about all of them have monero either publicly on their radar or there are rumors of it. C Lee's polls, coinbase rumors. Bitfinex and Kraken addidions, and now one of the serious leaders in the Chinese market. Feels like a critical mass to me. We better be ready. |
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So Monero is strong support and moving on 45$  Are you in Canada or am I bad at math? |
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I think that one bad move is nothing comparing to all good things fluffy did over past 3 years, like nobody remembers all the troubles XMR had since its early days and who was always there to save the day.
Quoting for truth and emphasis. |
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I was gonna say... Crazy prescient.
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Long term holders have nothing to complain about.
I disagree with this, infact I'd say its long term holders who are most effected. We're the ones whose capital has been tied up because we believe in the project/technology. We have waited through the good times and bad. But apparently thats not enough, we also have to tie ourselves in knots with this sort of cretinish behaviour. Is it any wonder regulators and the like want to stamp down on crypto, we hardly provide a strong argument for self-regulation nevermind laissez faire. Just a quick note that you misquoted me. Perhaps you could fix it? In the post you quoted I said something to the opposite effect. |
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He owes them $100 million.
That is not pretend money. He intentionally set fire to other peoples money in the name of his ideals.
Sorry, I can't agree. People have to take responsibility for their own trading. You get it wrong, you lose. If you want safety rails, and an 'everybody wins' mentality, crypto is not for you. If you didn't try to profit by day trading the announcement (and if you were doing that you realize you were trying fuck someone else out of money right?), then it affected you hardly at all. The price is up significantly from two days ago. Long term holders have nothing to complain about. I have no problem with you not agreeing. I did not buy or sell a single monero during any recent time. I do not disagree that people are responsible for their own trading. And I never said I want safety rails. You are making multiple strawmen. As to me "trying to fuck someone else out of money" You have absolutely no reason to say that to me. Be careful please. But what RS did was wrong. I have already said why I think that is the case. Is his point true? Yes. Does that justify his means. No. |
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