In the US, you have Coinbase monitoring your transactions and cancelling accounts if you spend BTC at a gambling site, buy cannabis seeds, or do whatever is deemed unacceptable by the gov.
Is this true? If it is, are they just monitoring transactions out of Coinbase (Coinbase->dice) or further (Coinbase->wallet->dice)? I can confirm with 100% certainly they monitor what you are doing and ask questions not just transactions out but also transactions in. I don't know specifically what blockchain analysis they are doing, how far down the chain it goes, etc. There are reports (which I can't confirm) of false positives on allegedly suspicious BTC activity which suggest they are looking more than one hop. Ok, that should certainly be very good for XMR. There's something very wrong and evil in Coinbase's actions...two or three years ago, no one would have believed there will be something like this in the future. Sometimes I don't like the way bitcoin is developing. Another angle on this is Operation Choke Point in the US. http://oversight.house.gov/wp-content/uploads/2014/12/Staff-Report-FDIC-and-Operation-Choke-Point-12-8-2014.pdf. Basically certain industries are being targeted for the denial of financial services by officials in the FIDC and the Department of Justice. The Federal Deposit Insurance Corporation, the primary federal regulator of over 4,500 banks, targeted legal industries. FDIC equated legitimate and regulated activities such as coin dealers and firearms and ammunition sales with inherently pernicious or patently illegal activities such as Ponzi schemes, debt consolidation scams, and drug paraphernalia. Coinbase's actions are hardly surprising in this context. The opportunity this creates for crypto currency in general and XMR in particular becomes clear when one understands the power of the gun lobby in the United States for example. Edit: Here is an interesting video on the subject. http://overlawyered.com/2014/12/operation-choke-point-hits-ammunition-company-maryland/Thanks! Added a quick write up here. Also included Monero as a payment alternative  http://www.geekcipher.com/featured/fdic-operation-choke-point-could-bitcoin-be-the-answer/ |
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In the US, you have Coinbase monitoring your transactions and cancelling accounts if you spend BTC at a gambling site, buy cannabis seeds, or do whatever is deemed unacceptable by the gov.
Is this true? If it is, are they just monitoring transactions out of Coinbase (Coinbase->dice) or further (Coinbase->wallet->dice)? I can confirm with 100% certainly they monitor what you are doing and ask questions not just transactions out but also transactions in. I don't know specifically what blockchain analysis they are doing, how far down the chain it goes, etc. There are reports (which I can't confirm) of false positives on allegedly suspicious BTC activity which suggest they are looking more than one hop. Ok, that should certainly be very good for XMR. There's something very wrong and evil in Coinbase's actions...two or three years ago, no one would have believed there will be something like this in the future. Sometimes I don't like the way bitcoin is developing. Another angle on this is Operation Choke Point in the US. http://oversight.house.gov/wp-content/uploads/2014/12/Staff-Report-FDIC-and-Operation-Choke-Point-12-8-20. Basically certain industries are being targeted for the denial of financial services by officials in the FIDC and the Department of Justice. The Federal Deposit Insurance Corporation, the primary federal regulator of over 4,500 banks, targeted legal industries. FDIC equated legitimate and regulated activities such as coin dealers and firearms and ammunition sales with inherently pernicious or patently illegal activities such as Ponzi schemes, debt consolidation scams, and drug paraphernalia. Coinbase's actions are hardly surprising in this context. The opportunity this creates for crypto currency in general and XMR in particular becomes clear when one understands the power of the gun lobby in the United States for example. Edit: Here is an interesting video on the subject. http://overlawyered.com/2014/12/operation-choke-point-hits-ammunition-company-maryland/Your first link no longer exists 404, do you have a copy of the original? |
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XMR price pretty stable around 0.00178 for the past 3 hours...impressive that there wasn't a massive sell off quick profits.
If people want to dump, they can. Maybe they're asleep. Of course. But they haven't dumped almost all day. I'd imagine they would have dumped before bed if they planned on doing it before the day's end. Now we have to wait until tomorrow to see what happens. |
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If the only thing he sees is a way to send money, he has no clue what bitcoin is.
Right. Or he is at least trying to make it look like that is it's only purpose secondary to an alternative motive. |
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XMR price pretty stable around 0.00178 for the past 3 hours...impressive that there wasn't a massive sell off quick profits.
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It is hard to say for certain, but it seems to me that the christmas present perhaps was the 0.00194. After all, it's +113% essentially in one week!  Now the 2nd fibonacci level I'd be seeking is in about 0.00130. Half retracement is 0.00142 and 1st order is 0.00155. So unless (and that's a big IF for sure) others frontrun, I'll be buying around those prices in a few days or 2 weeks at most. I think I predicted a resistance around 0.002 and even if not, there it is. At most I can see 0.00220 by tuesday and then a pullback. There are always people who want to cash out after a sharp rise, and others who question the viability of buying after a doubling. Happy trading!  Hmmm... with that being said I wanted to accumulate another 700 XMR "soon". Would you suggest I wait a couple of days to 2 weeks to see if we go back down to 0.0011-0.0014 area? Or buy now so I don't have to buy when > 0.002? |
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When it comes to pure paper investments I think Buffet does a great job (and hence a billionaire). But when it comes to a new technology, you should really be looking at people like Bill Gates who are also billionaires, but not necessarily because of good paper investments, but instead for inventing new disruptive technologies (computers). See the similarities of Bitcoins to computers? You will also get very similar responses from the general public. Most people don't understand disruptive technology until it's already all around them and in their own hands. http://www.geekcipher.com/technology/how-bitcoin-is-similar-to-early-public-opinion-of-computers-and-the-internet/ |
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Yet another reason to use Monero (XMR). Privacy matters.
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that reminds me of what I came here to ask:
aside from bots, who is accumulating? I would like to know because I want to be more aware of their motivations. My position size in XMR is adequate but I may be interested in acquiring more
I am accumulating because I actually seriously believe that XMR is the single best candidate for a global instant liquidity vehicle - world-wide cash. That is a very extreme position, but it only requires a very small probability of accuracy over the very long run to make a substantial position compulsory. Liquidity is a natural monopoly. Network effects favor Bitcoin's continued dominance of the market for transparent liquidity, but the dark ledger niche remains to be filled. XMR has a balance of features, technical and usability, which make it a better candidate than any other coin. Other reasonable candidates include DRK, zerocash/zerocoin implementations yet to be released, and alternate cryptonote species: - DRK was pre-mine, is controlled by one person, and suffers from centralization, as well as lacking useful proofs of security. - ZC will always fail usability. The cryptography is believed to be excellent, but is immature, untested. The size of the chain, the cost of the proofs, will prevent it from acting like cash. It is not very liquid for a liquidity vehicle. It also has no working implementation. - Other cryptonotes lack the community, the social capital, as well as the liquidity leadership possessed by XMR, limited though that liquidity may be at the moment (a problem likely to be fixed in the usual way, by price). By elimination, XMR, embryonic though it admittedly is, appears to be the most fit to rescue the human liberty to transact, and potentially the liberty to retain one's earnings indefinitely, without being subject to dilution, extortion or theft. Even if we completely discount the extreme end-state as absurdly unlikely, the failure modes are very favorable to holders. When the three critical elements are in place technically - namely, DB, UI, and multisig - it is hard to see why the bulk of vulnerable transactions currently conducted on the open ledger would not move to the private ledger, starting with those most vulnerable ones which are suited to the prevailing liquidity levels at the time. On the basis of the history of bitcoin alone, a minimum upside target 200x the current trading price seems compelling, on the basis of dark net markets alone (when amplified by the inevitable speculative excess which will accompany such uptake). The real threats to XMRs future prosperity are unknown unknowns. Any suggestions as to vulnerabilities to technical, economic, political risks which mitigate the brilliance of XMRs future prospects are enthusiastically solicited. Similarly to BTC, I consider the core team to be the greatest single vulnerability, as its subversion or corruption by forces inimical to the interests of XMR holders would be devastating, but as core teams go, it is much more diverse, dispersed, and network-connected to the broader XMR community than are the overwhelming majority of cryptocurrency development groups. As XMR accumulates market cap, and entrepreneurs find niches for building enterprises which fill out the XMR economy, enhanced funding prospects should make it more feasible to expand and enhance these confidence-encouraging features of the team. I am also accumulating. Thankfully aminorex could state the many reasons why, much better than I would have. |
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The Shabbath is over now in Finland. Shall we start buying? Let's see if it makes new uptrend highs first (0.00144979), then I'll commit some.. Have to say I've been waiting for this, but hold your horses; who knows if it's a trap and we go back to 0.0009  XMR at 0.001595 and I bought most of my stash near 0.0010-.0011, not bad not bad my only regret is not buying more. As of right now I only hold BTC, XMR and XCP, which I believe are the only non-scam altcoins that also have great potential use cases in the future. |
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I have no idea what your talking about. Were you drinking tonight or is this just some lame trolling? I can appreciate hyperbole, but until JS has anything interesting to say he is still ignored. Just added him myself. This has been the year of "ignores" for me. I hate to do it actually as I like to hear real counter arguments and opinions, but the forums have been over run by people like him. |
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And how is that relevant to Bitcoin value? When you get someone in his type of a position believing in bitcoins usefulness, changes can happen. I'm sure you didn't need that explained though. Everyone around here is a bunch of debbie downers now, what happened? Price get you down? hahaha  |
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I have no idea what your talking about. Were you drinking tonight or is this just some lame trolling? |
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"I have no doubt that some time in the future we will have a cashless society, and currencies like this [bitcoin] will be at work"
"I think these virtual currencies will certainly get much better, much safer and over time will be the form of transaction, that's for sure"
Very positive.
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I hate it when my bitcoin "stock" price tumbles |
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Are you happy now?? Isn't this what you all wanted? You've been cheering for cheap coins all year so you should all be happy
Shroomy? You again? Shrooms has a new account. Welcome to my ignore list. |
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Price "Stability" is so boring.
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