But before that don't forget to look at price of BTC. Also time warped?
So you're saying because BTC is down, XMR is down because of that? There are (other) coins that have gone up even though BTC has gone down. The majority appear down. If XMR was going down in price due to a weakness/vulnerability, there would be no mistaking it. |
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Here is the 15-minute resolution chart showing what I believe to be a short-covering bitcoin price rally. Large blocks are being purchased on Bitstamp. Gold prices have rallied a bit in the last hour too.  The Paypal news is HUGE imo. This is going to attract a lot more eyes to BTC. Regardless of the effect of BTC holders making more purchases now, I really think that with full Paypal integration, BTC starts another phase. This is like a huge Advertisement. It "coincidentally" happened at a really interesting point in the chart as well. Funny how that works out... I am very curious about what happens over the next few weeks. I say this starts a new uptrend. Perhaps not the big one we are looking for but at least a bounce to 600 ish... |
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Paypal needs to become a Bitcoin exchange. Then the sparks will really fly.
But regarding this news, it is pretty huge. This is no shock to any of us, but to the common man this means they are going to start seeing more BTC symbols in their daily purchases (shortly).
I remember when Paypal first came out and I thought "What a stupid name. What is this, some kind of payment service? Never heard of it." Don't look past this Paypal news. It will become a HUGE BTC billboard in due time, metaphorically and literally.
We may see the price of BTC take a hit as those with lots start spending more (and this has been discussed). But this Paypal news is going to for sure attract more buyers.
IAS
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You seem to assume that people will forever regard NSA as legit? Once they lose that in the eyes of enough of people, it does not matter even if we move back to eternally-logged Bitcoin, they cannot do anything.
Using sufficiently-hard to decipher communications may be a way to force them to use such draconian methods in their action that no one wants to work for them anymore, and the critical mass of people will wake up.
But also if they realize they have pushed you over the edge already, you are already a lost case, and often such people are left alone because any repression towards them will just ignite them to self-preservation mode which is contagious in the era of social media. For these people it might even be an asset to leak their stuff over to NSA so that they can readily observe that the person is interested in his financial privacy and better world, and is not fomenting an armed rebellion.
My concern is that we see corporations to continue to act as/for governments. Look at Comcast threatening to cut access for those using TOR browser. http://www.reddit.com/r/Bitcoin/comments/2gd875/comcast_declares_war_on_bitcoin/ My hope is that people continue to stand up to corporations and that competition solves the monopolistic problem. Corporations are in a tough spot though, as people are getting more and more pissed off at them and technology (e.g. mesh networks) may really put them on their backs. We can hope anyway. I hope the technology starts to greatly surpass what corporations/governments are capable of "controlling". (For the sake of humanity.) I read (if you can believe such statistics though) more young Americans support Snowden but for older Americans it is the opposite. We are going in the right direction, but time is ticking for the crazies next big war... ( That or a huge "natural" disaster, epidemic, is the only way I see them gaining control back.) Bitcoin/Crypto might help us stave off a financial meltdown if we have more time (ironic I know.) |
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BTC whales embracing Monero is a double edge sword, mark my words...
and why do you think so? Yeah, I'm not sure I understand the comment as well. I was thinking about this before, how BTC early adopters have lots of BTC's and how they could use them without going to FIAT. Well, a very obvious way is to find "the next Bitcoin", so to speak. It really looks like anonymous coins might be the way and since the public is really just catching on to BTC (very early stages), the whales can EASILY lead the pack to the #2 coin, an anonymous one. I'm sure they see the writing on the wall with things like how Lawsky is trying to close in on BTC. No way would I leave all my wealth in just BTC (as far as Cryptos go.) IAS |
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Haha yeah this is a classic watched it a few times when it first came out. Around this time i was spent about a month trying to work out the truth of 9/11 and my conclusion was i needed to spend less time trying to work out the truth of 9/11.
The rabbit hole is very deep and you can get stuck down there while doing your 'research' and many people can't live normal lives when they become defeatists. This type of content is not something you can just start wrapping about at the water cooler at work, normally. Even if you're fast and loose w/ your piece you still run the risk of being 'that guy'. 911 happened a few short years of me finishing my masters in Forensic Science. So, like the OJ trial (during school) I was pulled to investigate it as well. It pretty much made me sick. I mean, I didn't just uncover a few holes in the official version. It was left and right. There was basically no area that was not polluted with... lies. How else can I describe it? Like other huge revelations it deeply effects one. Even if one doesn't look into the Snuff Film like rebroadcasting of the towers coming down (again and again), it was a trauma, pure and simple. Well said, it is the proverbial rabbit hole, perhaps the mother of them, at least in that it happened within our lifetimes. I can only hope for the sake of our children, future generations, humanity, etc. that we take those (professionals) responsible for the events that day and remove them from society. The shock it will be when we discover they have been tied to the mess that has brought us where we are today... Its about sharing, and that premise will come back to haunt those responsible for the events of that day. |
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Have people actually made these charts for different locations? I mean we should at least consider Tokyo or some other 'probable' capital as the birthplace of Bitcoin  Although it's a bad sign if the speculation forum starts to rely on astrology... (I know the initial post is already 2 years old) I believe there have been charts made for the main locations brought up (as you stated Tokyo is one.) I did look at the Tokyo one, way back when. I have considered what you said and it is a problem with peoples charts as well, where an accurate birth-time is not known. (Similar but different problem.) Regarding imprecise birth times, when looking at current transits, I first look at how past transits responded and adjust accordingly. (e.g. Does the transit seem to "hit" early in what one feels, or in BTC's case, an action in price.) In other words, we can adjust after the fact, but I do that more with birth times and not locations, so we are a bit in uncharted waters. I'm no real expert in this area, but feel comfortable interpreting charts. Your point is an important one and it would be a good idea to compare different birth charts. All very subjective of course. IAS |
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Now wonder who have interest to weaken both XMR and BBR communities by playing them off against each other...
It is a kiss of DEATH to Bitcoin if some "there" try to quench the "competition".The Monero camp is composed of large Bitcoin holders and if we collectively withdraw our support, at this point it means a steep dive for Bitcoin. I did not even mention the possibility that other honest bitcoiners might also want to switch allegiance. I know there are many. Bitcoin attracts scammers but also honest people. Seriously...... I am trying to understand what you are saying, but it seems you are suggesting that a few big bitcoin holders can collectively tank Bitcoin. If this is the case, then Bitcoin is the biggest scam ever. I have always held that old holders have to divest theirs coins for Bitcoin to move forward, I think your statement makes me certain of that sentiment now. Please sell your stash asap so we can all move along. There are some large bag holders in pretty much all the cryptos. Is it roger Ver or ? That has around 300'000? Think of the volume on exchanges and what would happen if large holders started dumping? What if Satoshi wanted to start dumping? Not even saying it is bad as it would help to put BTC in more peoples hands but would crush the price, at least until demand met the supply. The great thing is that most of BTC's bag holders seem to be Libertarians and are interested in making the world a better place.  Its about sharing |
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XCP really moving well, any ideas why?
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Peter Todd's first Twitter post has been removed and all that is left is something less frank and open about his true views. Guess if you are being paid you should try not to say your clients crap is 'crap'. https://twitter.com/petertoddbtc/status/507427225927708672I'm out of this shit. Far too much manipulation going on. It stinks to high heaven. I'm not going to comment on the twitter thing (I don't know why he changed it) but the fact is the code really isn't that bad (other than having a bug in it). I thought otherwise when I first saw is (and yes comments would help) but apparently it is a pretty direct implement of a standard algorithm for finding the highest bit set. That's pretty close to 'clz' described here: http://en.wikipedia.org/wiki/Find_first_setI likewise wouldn't be surprised if the flat tree construction in the latter part of the function were also a somewhat standard idiom. It's obviously written by someone with a different background and perspective than Peter (or me) and indeed if we are going maintain it we probably have to rewrite a lot of that stuff as a practical matter. How this relates to the 'Monero scam' I have no idea. It has nothing to do with it and is part of a larger effort to lower trust in and attack XMR. This thread was started on August 25. Roughly a week later Monero is attacked by someone with an intimate knowledge of it. Lots of sock puppets were active during this whole period on the Monero threads. The supernet thing is suddenly started with special cooperation with BBR. Is this all a coincidence? Generally we call something a coincidence as that is all that is left when we apply a bad theory. (Heard that before.) |
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Edit - DO NOT send fromany exchange to your cold wallet/offline wallet, UNLESS they can give you the TXID for the monero blockchain verification, otherwise you have no way of verifying the transfer. (Correct me all night guys if i'm wrong and thanks to all for the help lately, especially smooth and fluffypony)!
You are correct. Complain to the exchange if they won't give you a txid. However, if you are truly paranoid, even a txid isn't good enough enough because you can't verify that the correct amount is going to your address. Best to withdraw from the exchange to a live wallet, verify the correctness of the transaction, and then send to a cold wallet yourself. This will be addressed with the view key functionality, eventually. You will be able to observe and verify the transactions into your cold wallet online without you or anyone else being able to spend from it. Is there a paper wallet available like there is for BTC/LTC/etc.? I've only seen something command line. Waiting for the GUI before I can move funds off the exchange though - especially in light of your post. (Had problems installing wallet on MAC due to libraries, so holding off for now.) Thanks in advance, IAS |
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It is strange to me how much hostility is volleyed between bbr and xmr speculators.
The human compulsion to form mutually hostile camps has deluded them.
bbr and xmr correlate. Any gain in xmr is a boon for bbr, and vv.
Right now. BBR is enjoying a gain in market cap nearly as great as XMR, leading to some impressive % gains.
I had to cover my last short and barely got out +ve.
Who better to understand that hostility than you. Risto and you have been against BBR for months now, spreading false propaganda and FUD amongst the trollboxes/forum threads and tried to defame zoidberg, dismiss the technical advancements that is being done in BBR amongst a range of other hostilities about anyone and everything being done with Boolberry. I just threw up in my mouth a little bit with this hypocrisy. The problem is that amongst all this, it is the little guy that is going to lose out. For weeks forces have been trying to financially kill Boolberry while the little guy was going all in with his 5-6 BTC in XMR because legends were telling them we are all going to the moon via endless shilling. And here we are, bragging about %gains, always the smart trader, oh the LIQUIDITY  What are you talking about? I'd hardly call their actions as being against BBR. I would describe them as for XMR and most here spoke pretty highly of Zoidberg. The only negative I've seen mentioned is that he is a one man team. And this is a Monero thread so I don't even get your complaint. |
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Nice article, thx for posting it. I didn't know Risto was going to have some of Monero moving into the BTC Castle (so to speak).  Congrats and thanks for the support Risto. Its about sharing |
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I have been wondering, if XMR's emission rate is around 21,024 (14.6 per minute X 60 X 24hours) and the daily volume on Poloniex is often 200-300 BTC, then why isn't the price moving more upwards? We have pretty huge volume, consistently.
To "buy" 21,024 XMR at the current price of .0044 BTC per would be around 92.5 BTC a day.
I realize it requires more BTC as the price goes up to buy the same amount so we can't really say an average price exists. But what is causing this?
Is it just trading? Can whales be moving coins between one another to add the apparence of volume? (If they wanted to move the price higher they could do a better job.)
Is there a large holder who is continually dumping?
Ideas?
IAS
Let's compare it: XMR 30d volume = 5,800 BTC 650,000 XMR mined, 30d SMA 0.0037, 2,405 BTC equivalent mined ratio volume to supply: 2.4 BTC volume is more problematic. Arbitrage links between exchanges are well established, so in principle, all volume (USD, CNY, EUR) counts, but I am not willing to count CNY volume 1:1. There are smarter ways to discount some of the zero-fee volume, but for simplicity sake I'll just say that we probably can agree that Chinese "real" (i.e. human) volume is probably not much lower than USD volume, so I will just double USD volume for the sake of this calculation and be done with it. BTC 30d volume 840,000 BTC (in USD), x 2 108,000 BTC mined ratio volume to supply: 15.6 So, by volume alone: no, I don't think we're undervalued. Thanks, as well to othe. It will be interesting to see what happens when the buying overcomes the selling. I understand the emission curve over the next 4 years or so will probably aid in A nice distribution, a very fair one, relatively speaking. |
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I have been wondering, if XMR's emission rate is around 21,024 (14.6 per minute X 60 X 24hours) and the daily volume on Poloniex is often 200-300 BTC, then why isn't the price moving more upwards? We have pretty huge volume, consistently.
To "buy" 21,024 XMR at the current price of .0044 BTC per would be around 92.5 BTC a day.
I realize it requires more BTC as the price goes up to buy the same amount so we can't really say an average price exists. But what is causing this?
Is it just trading? Can whales be moving coins between one another to add the apparence of volume? (If they wanted to move the price higher they could do a better job.)
Is there a large holder who is continually dumping?
Ideas?
IAS
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Didn't you hear? jl777's SuperNET is going to unite all the crypto, so every crypto now has equal value. It's the greatest arbitrage opportunity in history.
Care to give a tl;dr of what the angle is of that one? I googled it, and my eyes glazed over at the wall of text I found being, well, imprecise in what this is supposed to be. Surely he can't propose equal valuation of different cryptos? Not sure about equal valuation, but the way I understood it was that on the "shared highway" you could use other cryptos "strongpoints" - e.g. BBR's CryptoNote. I'd like to say XMR's CryptoNote, but apparently BBR is better AND got their first. James was asked if XMR would be there and he answered any crypto with something to offer and if XMR doesn't have anything to offer it won't be accepted. I sense a bit of hostility regarding XMR. I'm surprised he is holding it against the XMR devs what the XMR community said (well, he siad that but I didn't see all the talking down to.) I do have to say however that I have envisioned Cryptos organically being able to sort of "merge" at some time in the future. Perhaps what James is doing is the first step in that direction.IAS Interesting background. Thanks. Bolded is what I had in mind more or less in my ha ha only serious post above about a merge of XMR and BBR. Not going to happen, of course, but at the same time, if in 10 years from now we don't have a precedence of two major coins merging, I'd be seriously surprised. It is more like an intuition than a thought for me at this point. I can only imagine that AI comes into the Cryptos, at some basic level. Eventually they should be able to "communicate" with one another. What does that entail? Interesting to extrapolate out that far with variables that we are not even yet aware of. At some further point I can only see a mixing of coins, much like on Earth how we have a mixing of races. Eventually, we, uhhh, get Greycoin, ehhe, kidding, but you get my idea. Just as how atoms have a Neutron with electrons/protons revolving around them, so do Solar systems have movements that are quit similar. I can only surmise that throughout our systems, we should look for overlays to other more universal ones (metaphorically speaking). Hope that made sense, a bit hard to English. I just can't imagine money, much less Crypto being anything like it is currently, years from now. |
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Didn't you hear? jl777's SuperNET is going to unite all the crypto, so every crypto now has equal value. It's the greatest arbitrage opportunity in history.
Care to give a tl;dr of what the angle is of that one? I googled it, and my eyes glazed over at the wall of text I found being, well, imprecise in what this is supposed to be. Surely he can't propose equal valuation of different cryptos? Not sure about equal valuation, but the way I understood it was that on the "shared highway" you could use other cryptos "strongpoints" - e.g. BBR's CryptoNote. I'd like to say XMR's CryptoNote, but apparently BBR is better AND got their first. James was asked if XMR would be there and he answered any crypto with something to offer and if XMR doesn't have anything to offer it won't be accepted. I sense a bit of hostility regarding XMR. I'm surprised he is holding it against the XMR devs what the XMR community said (well, he siad that but I didn't see all the talking down to.) I do have to say however that I have envisioned Cryptos organically being able to sort of "merge" at some time in the future. Perhaps what James is doing is the first step in that direction. IAS |
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SuperNET is pretty much designed to turn BBR in to an XMR killer. That's the intention anyway. Take advantage of the network effect and combine forces of Bitcoindark, BBR and any other coin they think has good features. I'm a bit skeptical(as usual  ) because I can't really see how this is supposed to work technically, but I'm certainly not dismissing the concept. And I'll be watching the developments as the idea is unique and interesting. I don't own any of the involved currencies(XMR, BBR, BTCD), so I have no skin in this game. But it will be very interesting to see what happens. Also, I'm curious about how the XMR camp is going to react to such an aggressive move against them. jl777 definitely makes crypto interesting! I noticed that. Here is James' post: The monero camp (not its devs) mistreated me. At least I felt very insulted, especially when my thoughtful post on the XMR observer thread was totally ignored, until one person made a positive comment. Then I am accused of using a sockpuppet! Of all things to attack my integrity. Then my writing is ridiculed. I am incompetent to write a whitepaper, I know this. I only wrote the draft text and hired a professional writer for making it better. I liked the pirates to make it easy to understand for normal peoples. It was supposed to be split into two documents, one just with pirates and one without. I just dont have time for "GUI" things and I rely on others to just do what is needed. I also dont have time to micromanage or pester people. So a lot of things, they are unfinished. I am not a cryptographer, this also is used to dismiss my Teleport. So, making disparaging comments about my integrity, my intelligence, my tech, my coin.
Even I have my limits.
So, I revisit my BBR friends and realize to my horror that it had been beaten down out of top 100! To 1/40th of XMR price. Now nobody really knows who is doing this, but when a coin that has arguably better tech (let us not argue if it is actually better, BBR dev has made changes to the blockformat itself, clearly he is not a mechanic fiddling with settings, he is full blown engine designer!) and making new releases, including user friendly GUI, I wont list all the tech changes, please dont start a debate on which tech is better. Just try them both yourself and you decide which is better. Fair enough. Dont take my word, use your own judgement.
Anyway, the BBR price it turns around, but now there is all sorts of chatter to try to hurt it, but with knowledge the BBR is rising back to a more reasonable 1/5 value. If BBR tech is really as good or microscopically better than any other cryptonote, then what is the right price ratio? What is the right marketcap ratio? I let the market decide. So, now there is these large buying of XMR and some flashing of 1000 BTC buy orders. Clearly big whales are backing XMR and their advocates keep namecalling against BBR. So I feel big sympathy for poor little BBR. I am no big whale, I have not much BTC at all. Then I realize maybe I am able to raise some BTC with SuperNET. And actually this is likely some part of the reason I have started SuperNET. The other is I am still waiting for a release from other dev so I can debug Teleport. The other is a kind PM from noashh that reminded me I was getting a bit stressed and should take some time off. So, I took the weekend off and made this SuperNET. It is really just something that has to be done to counteract the fiat forces and I think the universe has conspired to make all these things happen. So I am lightning rod with all this but that is all, I just happened to be "lucky" enough to be hit by this lightening. Now I have to work so much before I can return to my preferred zen mode...
Anyway, as far as XMR goes. I like the BBR tech better than XMR and I certainly dont like the constant negativity from the XMR camp. Maybe there is nothing the XMR devs can do, but if this is indeed some coordinated smear campaign controlled by some XMR devotees, then they can stop the hostilities and make cooperation. I am not sure if they are able to do this and until they do, I wont have to think about whether XMR can be integrated into SuperNET core. I am a simple C programmer, but when I am personally attacked and get ridiculed when I am asking for the help, I do have a bit of a temper and the universe seems to help me out to defuse this anger in me. Sometimes in very unexpected ways.
So, conditions for XMR are to immediately stop any and all bashing of other cryptos. Talk about how good your XMR is, of course. Tech analysis of benefits, of course. Spreading rumors about personal things, not. FUD of course not.
UNITE of all crypto, this is the goal. Be part of this and of course there is a possibility of joining. But how can a culture based on zerosum hostility and "there can only be one" highlander beheadings, fit into spirit of cooperation?
If this toxic culture is indeed changed, then with the touted awesomeness of the XMR dev team I am sure there will be some tech that will be unique and valuable. I might require some significant investment in SuperNET as sort of a pennance, but I am practical guy and if XMR team will be benefit, then how can I refuse?
James
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