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With no difficulty increase you'd expect to solve a block once every 38 years with that "Dice ASIC".
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The early adopters embraced Bitcoin 5-6 years ago.
People adopting it now, are among the last few thousands to ever adopt it.
How come "the last few thousand"? What is your prediction? Crypto gonna fail or another crypto? Yes exocytosis is a huge troll and very negative about bitcoin. His old account is falllling who always talks about an upcoming bitcoin doomsday |
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The early adopters embraced Bitcoin 5-6 years ago.
People adopting it now, are among the last few thousands to ever adopt it.
Oh wow exocytosis is back....where is your alternate ego fallllling? On a serious note: We are still early adopters because it is not widespread like credit cards are nowadays. This is like being apart of the Diner's Club when only a handful of places accepted it in place of cash. |
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Guys 2014 is the year of "The Great Shakeout"....gah
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prediction debt ceiling to be raised world economy collapses march 2015 Why March 2015? That is actually my predicted date for reaching $1,000+ by again. |
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I am certainly enjoying accumulating more XMR at this level. At some point I will just buy it all. Not there yet, however.
Really? I've been enjoying the up and downs, and taking advantage when I can, but I've not seen much development taking place. I was getting the impression that it's a dead coin... Development is one of the top things it has going for it actually. Monero just got a DB blockchain implementation so the whole thing isnt stored in memory anymore. The devs also just developed an online wallet for Monero (XMR) https://mymonero.com/ and are also currently working on a GUI wallet. The development team is amazing and they have some big funders to help support its continued growth and development. Thanks, I'm really not a fan of the online wallets thing tho. Especially when it's just some website that I have to trust not to just disappear someday... I've been hearing about the impending gui wallet implementation since I first heard of Monero, it just seems fishy to me that something relatively simple like a gui skin for the core wallet client would take so long. Still have my fingers crossed for the success of this project, but I'm very skeptical at this point. A DB Blockchain is 100x more useful than a GUI wallet is. Without the DB blockchain most lower performance computers could not open the wallet at all or experience major lag issues. Blockchain.info has what...2 million wallets? yes some people will have many of those wallets, but whether or not we decide to use them, many other people will. Many other people will even store their bitcoins with circle or coinbase. I think that is dangerous, but at least that option is there for the people who aren't smart enough to control their own wealth. It's all baby steps man. Rome was not created overnight, neither was bitcoin and neither is Monero. |
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I am certainly enjoying accumulating more XMR at this level. At some point I will just buy it all. Not there yet, however.
Really? I've been enjoying the up and downs, and taking advantage when I can, but I've not seen much development taking place. I was getting the impression that it's a dead coin... Development is one of the top things it has going for it actually. Monero just got a DB blockchain implementation so the whole thing isnt stored in memory anymore. The devs also just developed an online wallet for Monero (XMR) https://mymonero.com/ and are also currently working on a GUI wallet. The development team is amazing and they have some big funders to help support its continued growth and development. |
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poor rptilian  That guy has 1000's of BTC to play with + a shit load more in storage. He bought a f'ing castle with bitcoin and is most likely set for the rest of his life. Not Poor risto, poor us! |
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For some reason I don't understand how he derived less difficulty climb with hoarding of bitcoins by miners. Anyone able to shine some light on how that association is made? If he is saying that less mining power growth means miners aren't selling their coins for more equipment that argument would not be valid due to the possibility of miners selling coins and just not re-buying new miners. In addition to directly less selling pressure, there are circular effects which are bullish on price. For example, miners are more likely to sell when they think other miners are also selling so as to get in front of each other and not to get stuck with a worse price and possibly become unable to continue with operations due to constant operating expenses. Miners are more likely to hoard when they believe other miners are hoarding. In other words, all else equal (e.g. consumer adoption growth), a steeper difficulty climb implies more selling by miners and a flatter difficulty climb implies more hoarding by miners.
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Now there is a 0.501 bot buying about every 20 seconds on Bitstamp. I'm assuming the purchaser swapped exchanges due to the price difference. Edit: Nevermind, it was just turned off  0.501 buying bot is re-activated on bitstamp. I think I remember a bot that did something very similiar a few months ago too, but not sure if it was during the last mini-bubble post-november 2013. |
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Thank you for those links, I had forgotten to check the bitcoinmarkets subreddit. I thought the person running the bot was answering some questions but I read into Inca's post too far. |
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Now there is a 0.501 bot buying about every 20 seconds on Bitstamp. I'm assuming the purchaser swapped exchanges due to the price difference. Edit: Nevermind, it was just turned off |
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Whoever is operating the bot has accumulated 1750 coins already apparently and according to a redditor is throttling the purchases to prevent it moving the price upwards. We are still four days away from the auction. What does someone know?  Do you have the link of this reddit post? I can't seem to find it. |
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Anyone currently have any ideas for other miners I can giveaway?
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It seems safe to assume Tor is broken now. erm did I miss something? I second this question. The article merely explains how the paper explains how bitcoin nodes can be pushed from tor and forced to connect through clearnet by triggering DOS protection against the tor gateway IPs. Doesn't imply tor is broken at all. btw: there's still a simple way to hide your IP when making a transaction: Hide in the mass of people using the same electrum (or obelisk, or ...) server. Yes, you have to trust the server operator to not store your IP or to not give it out. If you can't bring yourself to do that, just run your own server and get other to use it. Or just create the transaction and sign it and create the raw transaction. Then using a proxy or VPN broadcast it with blockchain.info web interface (you could even go to a free public wifi 200 miles away if you're paranoid) https://blockchain.info/pushtxShit sounds pretty easy to me... |
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I guess this is old news. The anonymous BTC-like crypto coin hype peaked months ago (DarkCoin, Monero, XC, NEOS + their clones + ZeroCash which never got finished/released). They are way over the dump phase of the P$D, the anonymity hype seems to be dried up, at least for now. Nothing "anonymous" happens online. Period. Check out Monero, completely anonymous and good luck trying to find how many coins each address has. |
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Why people posting rocket pictures in such sideways market like the current one?
Did you not read my post? Market is sideways, building support and 3D MACD is turning green and the 1W is almost green. This helps to show a trend reversal for the first time in a lonnng time. People talking about MACD and stuff for some time saying it is sign of recover, but no recover so far. Also not everyone can understand the TA fundamentalities MacD really stopped "working" for the upwards movements. Its still, however, works pretty good for spotting dumps. (2h indicator is my personal favorite) You must be looking at the wrong timeframes then. Tell me when a recent positive difference 3D MACD from signal line (non near zero, IE < 1) was actually in any kind of a price decline.... |
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Why people posting rocket pictures in such sideways market like the current one?
Did you not read my post? Market is sideways, building support and 3D MACD is turning green and the 1W is almost green. This helps to show a trend reversal for the first time in a lonnng time. People talking about MACD and stuff for some time saying it is sign of recover, but no recover so far. Also not everyone can understand the TA fundamentalities Since the non-near-zero (< 1 ) 3D MACD Histo has turned green we have gone from $335 to $378, which is a 12% gain over the past 40 days. It may seem small but that is a great start. If people invested based on the 3D MACD alone, they would have now received a 12% gain in just over a month, something that most investors would love to see over a full year. |
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Why people posting rocket pictures in such sideways market like the current one?
Did you not read my post? Market is sideways, building support and 3D MACD is turning green and the 1W is almost green. This helps to show a trend reversal for the first time in a lonnng time. |
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