Zcash had some serious scalability problems last I looked.  Has anything changed? 

Problem is, the currencies of 1916 were gold.  A 45 year chart looks even more impressive.  The post-Breton Woods system will not live to its 50th anniversary.

That would be pretty unlikely unless btcusd approached 9³.  In which case it would be far less unlikely.

Yeah, like only skinny white guys can be crypto, right?  GTFOLOL

Your belief, or mine, is irrelevant to whether there are alien intelligences.

It seems clear, but not yet manifest, that silicon-based intelligences (in a robust AGI/ASI sense) are achievable, and hence in all likelihood will be soon achieved.  When achieved, they will be alien in a significant sense, but not alien in another significant sense.

Given the diversity of alien (qua non-human) intelligences observed or soon to be observed on Earth, in a positivistic and acculturable mode of observation, and given the diverse complexity of the cosmos (which is known to be far in excess of the already abundantly observed diverse complexity of the cosmos) it would be very strange indeed were there not alien intelligences of non-terrestrial origin.  It would demand strong evidence and powerful explanation.

Since speculation is all about interpretations, scenarios, distributions, and predictions, here's one:  In the next 72 hours BTC touches 565 and XMR simultaneously touches 400k.  If BTC passes 560k then XMRBTC passes 400k.  Whether it does so with BTCUSD between 560 and 565 I do not opine.

Edit: cbgb Omfug, I cannae believe how much XMR I am getting!  Thank you!

It's natural that some XMR afficionados would be very critical of DASH -- after all, we came, we saw, and we chose.  However, there is a thread -- multiple threads in fact -- for that controversy.  Let's keep it out of this thread, please.



If you ask me, the cute one wins.

So far the psychological line at 400k has been pretty stiff.  But I think that when BTCUSD passes 560 on the way down, it will snap like a diva.

Edit: cbgb Omfug, dat bid!

But will it have a beautiful door?  And is Mexico paying for it?

Personally, I am hoping for some serious short interest.  At about 400k.  I think watching them cover at 500k would be hilarious.

Well, maybe not every time.  This time, BTCUSD is about to go down.  Which means XMRBTC is about to go up, intraday.  And day-on-day as well.  And likely week-on-week too.  I really think 537 is a very conservative target for BTCUSD on this swing, and XMR 418k is pretty darn likely, avant le grand retour.

The inverse correlation of BTC and XMR is pretty strong, lo, the past year or so.

Yeah, I know sarcasm doesn't come across well on the intertubes.  Just the other day I caused a vast imbroglio with an email which incorporated elements of *whimsy*.   I mean c'mon -- whimsy?  Any political rectitude which can't tolerate whimsy needs a prompt beheading, IMNSHO.

Isn't it ironic?  Like a song about irony which illustrates the concept using examples of non-ironical schemas, instead exemplifying concepts such as redundant transport provisions, or the predictive fallibility of meteorological modeling?

Regardless of that (or, literally, irregardless of it, if you prefer) Risto does subtly allude to an important point:  I am basically the Joker of finance.  I want everyone everywhere to burn all of their fiat by spending it on XMR, stat.  I'd like to see all of my fiat devalued to zero ASAP, so that I can just use XMR Everywhere™.  Talk about a revolution global reset, that's the one I want first.  I think it would save a billion human lives, at least (weighted man-years at 2016 median expectancy). Well, okay, not the Joker.  The Prince Mishkin.  The Harold Finch.  Anyhow, not a fount of common sense.  In that regard you get what you paid for.

Trading range has been 95+% from 1.80 to 2.20 USD, for a fairly long while.  I doubt it can go as low as 1.80 any longer, though.  That would take us all the way back to lows last seen...yesterday...which would be too terrible to contemplate, and hence impossible.

In fact, I own the same number of XMR today as I did in May, +/-10%, I would own more, except that I consider my current share to be a rational limit.  I have to sell some at highs, in order to provide liquidity, but I can no longer book my gains in XMR, over the long run.  I only do that when price is low.

The fresh blood in the streets right now is the blood of the bull-gored shorts. Such joys do not last forever, but I am going to gasp the heady, blood-dimmed smell of whirling victory as our enemies are driven before us, their women lamenting, ours ullulating in triumph, for as long as this harvest bough is greening. The sinews of their dead will bind our spearheads; their femurs will beat the drums of our relentless advance; the gold of their melted fillings will feed our hungry bullet molds; the burning of their attack ships off the shoulder of Orion will fuel our C-beams glittering in the dark at the Tannhäuser Gate.

And that, Sir, is how we rhetoric.

Meanwhile, the pattern of higher highs and higher lows continues uninterrupted, heading for the fourth month.

The trend ain't bent yet.

Given the number of coins moved, do you think he has any left?

Y'all are unduly pessimistic.  This is not a high price. 2/3 of the initial emission are already gone, distributed.  Try to mine some XMR and tell me how long to pay for your gpu.

I think someone tried to short and they got squeezed. That is price Discovery. there is just too much demand and not enough Supply for the market to support a lower price. As long as 20K buyers come in on a regular basis and remove Supply we are not going to be able to retrace. One day it will turn bearish. Probably after a significant overshoot. Today is not that day. This price is not that price.

And my bullishness is not because of the long-term value of Monero. Any present value discounting which deemed that the adoption of Monero in darknetmarkets was anything but a tail risk would be a multiple of the current valuation. My bullishness for the short-term is because of supply and demand. I admit that the evidence is limited and the error bars are huge but the best evidence is that we are currently visiting the central tendency of supply and demand curves.

Once demand flags a corrective retracement is possible. So far demand has been uninterrupted since the ides of May. Moreover the conditions are right for XMR to rise because the cost of XMR is not denominated in BTC. It is denominated in kilowatt hours. And as long as it keeps requiring more BTC to pay for that energy the BTC price will fluctuate favorably.

If the clearing price has risen 8% (in kilowatt hours) in the past month, it is probably because about 0.9% of the float has been removed from the market into reserves.  That can hardly be surprising, given the bfx flap.  I know that the event prompted me to reduce my market making stake, as it forced me to revisit the agent risk problem consciously.

Some targets for XMR assuming price stability in kWh, at us$2.20, depending on how far the btc bear goes:. Btc@$537 -> xmr@412k; btc@$444 -> xmr@500k.

That is more a statement about your risk tolerance than about the merit or demerit of bitcoin as an investment.  Anyhow, there are few large investors who can move the markets to a reset these days, and they are generally disinclined to sell at a discount.  I would suggest that mass movements resulting from, e.g. policy actions, are a more significant source of down-side reset risk.

It's called sweat equity;)

That would take a while, were it to happen.  AFAICT, gold is going down past the ides of August, and should have a distinct local top sometime in September.  In order to reach as low as you suggest, then, it would require several months of decline, into mid-2017 at least.  Personally, I think the policy risk environment will prevent that from occurring during that time-frame.  But my gold exposure is small enough so that I wouldn't mind doubling down on it, if so.