The going rate before the announcement was 650 so anything below is already a discount.

Can someone in the know summarize the BBR coin for me in 10 lines, please.

This is not a one-way street. If the emission curve is too slow, it may reduce interest in the coin, because high inflation is bad for the current holders. If few people see a point in holding, then the coin value stays low and it has a difficulty in maintaining traction.

If the curve is too steep, the inflation soon goes down, which is bad for network security and discourages the institutional investor phase as they might not find the coin legitimate enough if it is nearly fully mined when they wake up. (This is much more common than the "too slow" case, which I don't really see many examples of).

The optimum lies in between, obviously, and in my opinion MRO is pretty near optimal of the 2014 started coins.

True.


False. At that price, MRO new mintage is worth BTC480 per day. If these don't find willing holders the price drops. Would be true in the following format:
"The marginal supply cost would reach 0.02 if that price were sustainable."

0.02 is unsustainable this year.

It is started by me, so everybody assumes that it is just normal, if not intended. Notice also the lack of pics and color.

Hopefully nobody bought QCN. Don't think it's going to rise again...

I was saying that Monero has a slow emission schedule, which is good. But if the price stays low until nearly all have been mined, and then shoots up, the coin can be perceived to be a premined coin*, meaning that the benefit is lost. In this respect, it is good that the price goes up in the meantime instead of going down.

*) Quark is an example of an effective premine masquerading as a legit mining period.

Which part of the quote do you doubt?

Higher price gives more resources to the devs (who are typically large holders) and early investors, and makes all holders happy. This is a good thing for the coin, and I would say definitely better than if it was cheap for a long time and then shot up in price. In the latter case it would be effectively premine from the late entrants' point of view and it might be rejected, similarly as I reject all the coins that are more than 10% mined when I hear about them.

I don't really understand why you are short-term worried of the share of one pool. I heard that in 24 hours, it had shrunk from 51% to 34%, which means that the community was able to redirect 1/3 of the hashing previously sent to Ghash to other pools. IN 24 HOURS! In decentralized way! Wow.

It remains somewhat of a concern that a malicious entity can own 76% of the hashing power, but a pool where people voluntarily send 51% is not a realistic threat to the Bitcoin ecosystem. Calm down. The problem was solved already, proving that it was not much of a problem.

...after which it feels all the worse to be eliminated in August 

That's a nonissue.

I don't mean that there wasn't work to be done on that field, but I mean the things have been discussed for 3 years already so there is no reason to do anything now unless you are a miner yourself.

Selling in the middle of an uptrend is not smart.

I changed my mind concerning the "unfairness" of treatment between U.S. and foreign bidders. It seems that it is rather uncommon to give any opportunity for the foreign bidders. I also don't accept U.S. customers so it's pot blaming the kettle here...

If the terms were not an issue (ie. I had full trust on the seller that coins go to the highest bidder, and only $200k deposit per lot was needed) I might bid for two lots at $500 and $4xx for a short-medium term arbitrage play. Lower than that is probably dreaming - and if it should happen, they get sold in the exchanges anyway where it's possible to pick them up.

Bad part of you is that you are a fearmongrel. Bitcoin is the most difficult asset to confiscate away from you, and when that is prone to change (which it probably will in the future), the libertarians have already migrated their wealth to another chain that retains their liberty.

Yes torture is always an option, but resorting to that means that the underlying protocol is sound. Otherwise they could just enslave you without bothering to even notify you, which is what is currently practiced.

ADD: Most of the western world is so hopelessly clueless concerning propaganda that they violently oppose even a hint that they might have been brainwashed since childhood (even though the evidence is all around us) and yet as violently attack every photoshop manipulation of the rogue governments, whose rogueness happens to 100% coincide with who owns their monetary supply, as you mentioned.

Haha. In fiat, a collective of perhaps 10 real decision makers controls all of it. Including 60% of corporations, and by extension of lawmaking, almost all the rest of the business also.


Astute observation. Outright stealing is not the only way to acquire control over something, though. With corporations, it is much more indirect. The battle is not whether people have access to certain accounts in a ledger but whether people can pursue their happiness freely without interference from the thugs and goons working for banksters and masquerading as our elected leaders. Certainly putting all bitcoiners in jail is an interference of this right, but it can be achieved also by other means.

It said that the bolded part is also true.

I anticipate it will go at a discount. Also I want to keep the others honest by not giving too much discount. Btw. "discount" is calculated from the base price of $650, which was prevailing before the news.

No.

Nothing will harm Bitcoin. The short term events may provide better entry prices (like the auction). I just can't make myself worried about the 51%.

Crony auction at its best. Too short notice for anyone with BTC to attend. Until next monday I am supposed to have created a bank account in the U.S., and have transferred 100% of my anticipated total bid amount into it in USD, the proceed of the bitcoin sales that I have made in the space of this few hours/days?

Sorry. This is going to achieve exactly what was intended. Almost no bids, and the ones rock-bottom. Bad publicity, resulting panic selling. Bitcoins of the people going to the hands of banksters cheaply. But really - what else did you expect?