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LOL really. I am 100% sure you never ever had any monero. For sure you dont day trade, cos daytraders shill it when they need to unload bags, you FUD it with every post you make. Just that will not go to high.
Lets not forget that you can contrive a metric by replies to fud. But this method has the effect that interacting with that data will change the data, kind of like observing particles that change them.  Also lets not forget that that data can be used on decisions involving Monero's competitors as well. I'm not defending him in any way just pointing out possibilities. |
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I know how people feel, those who invested in December or January like me, who fell love with crypto, and the way price was going up, never believed I have to see market cap under $250 billion. However, Everyday I check my Black folio app, I feel sick in my stomach. Sometimes I feel what I have done? But i knew there was a risk, i knew, I could lose money, but I couldn't control my rush of blood, seeing people buying right and left whatever they could.
But my question to all those investors, do you believe in crypto? If you do then hold tight because good days will come, if you are not in need an emergency cash, then hold your coin, It can't be red all days, it will be green. have some faith in this industry. I know it's hard seeing the bloodbath, what's happening, but we will rise again.
Even though I lost 70% of my portfolio, I'm still holding because I know good days are coming soon. Good luck guys.
Well, my current holdings are.
1. NEO
2. LISK
3. XLM
4. MCO
5. BAT
6. POWR
7. WABI
8. START
9. WTC
10. RPX
Your choices suck no wonder your going broke. Im in the same boat, $12,000 to $6,000 now... I lose less because I bought low and sold high on few occasions, gaining more coins on holding despite the price keep dropping
Do you coin choices suck as well? Hint if you don't have BTC in your list your not doing it right. |
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Bitcoin price broken USD 8,000 for the first time since March after rising by more THAN USD 1000. it is great. If it is sustain here, sure it will rock.
Definitely a sign a new floor has been found, I'm very Bullish at the moment. |
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Funny, from all these responses I don't see one with the correct answer.
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I think we have a stable floor between 6K and 8k, I would be willing to bet we don't see below 6 again unless some real bad shit happens.
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It is just a start. With the further developments, the price will be much higher later in the year. Developments don't reflect the price, the market is irrational. That was irrational.  https://www.youtube.com/watch?v=5dA3DePirsEDamn I love this scene Lol
Developments don't reflect the price, the market is irrational.
I would say opposite - the price doesn't reflect developments. But one of the edge of Monero is the vast listing on exchanges. This makes buying and selling it with fiat in most places effortless compared to other anonymous cryptocurrencies. Therefore I think XMR has every chance to be number one anonymous coin and we can sit back and hope. What Monero has is the worlds confidence and that is worth more than anything. That 'unknown' hash sure is creeping up! 26% of total hash-rate or 133 mh/s.. Do I smell an ASIC?  Can this be a large private farm? It's bigger than nanopool with 90000 users mining XMR! It couldn't be asic. There is just no way that anyone could roll out an asic that quickly. Not true, but unlikely that it is a new chip asic it may be FPGA's or a hybrid like I mentioned a while ago. It could also be a botnet. I'll let those more in touch with the data comment as I am just conjecturing here. |
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2. ASICs increase hash rate security (and therefore coin value) but may reduce it due to reduced miner decentralization, so the effect is ambiguous (and depends on the relevant, and generally unknown, constant factors). Of course, the Monero community is aware of the second consideration, given the recent decision to fork out ASICs, but the ambiguity may be under appreciated. Personally I find it quite troubling and would prefer a way to win on both sides rather than grapple with a potentially intractable tradeoff.
I don't think the bolded can ever be possible. And I venomously disagree with ASICs increasing a coins value I would say quite the opposite. Bitcoin is a one off aberration that it's descendants can never me modeled upon as it's creation, adoption and community are and were all unique. Trying to use it as a model is a fools errand and is oblique to anything that follows. You may be right. What I would prefer and what may be possible aren't necessarily the same thing. BTW, my views on this have nothing to do with Bitcoin and I don't even think Bitcoin is a very positive example when it coms to ASICs. For all we know Bitcoin's price could very well be much higher if the mining ecosystem were healthier.I would most certainly agree with this, but as a side effect It is my opinion that a large portion of that is now in alts and their development (as well as scammers hands). So it's a double edge sword but one that pretty much fuels innovation so in a roundabout way it is good for the scene as a whole that bitcoin eventually be surpassed as long as it is by a superior product and not one the oligarthy pushes down our throat (for control) or some scam like ETH that gets too big to fail. It sickens me to see so many resources go into ETH development and those cronies pocketing fortunes on a mutable chain as if it doesn't matter at all. Thats one thing those with a voice should be touting from up on high. How many trades did it take to break even?
That is from my entire History! Remember I have bought what I could just to try to help during the BCX Fud and I guess I just got even from that? Actually that is what made me decide to make the plunge in the first place after watching the project for a year. Also I could tell there was something wrong with the miner just by how long it took me to mine and the amount that was being sold. It was my plan to wait for the price to get lower but I hated seeing what just a littel FUD did. Now I know better and don't think as the eco system as being that fragile.  AFA how many trades I have no clue but could count them I guess but thats alot as I've margined alot over the years, Ohh yeah I also got really screwed in an open margin during the BTC split so there was that. Whats yours? In some ways why is a miner different to say a TV set top box or games console.
Its just a cut down set of technology that does one thing well.
Maybe its really the future of more things.
Evolution of the multifunctional PC to more focused PC types?
Who knows. I know we cant stand still.
It's different as in availability, Mose homes have computers if mot multiple ones. compare that to how much of the worlds population has asics, and there will never be a large portion that does as they continually make the latest version obsolete. Of course so does a home system but at such a slower rate that those systems are EOL by then anyway, |
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Don't use that until it's been checked. Could be just fine but you never know and as MSM400 said just use MoneroMoo's, we know that is safe. And always download and use locally on a machine that is airgapped anyway. |
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There are some interesting perhaps non-intuitive conclusions. They mention some of them in the non-technical summary or AMA:
1. An increase in the cost of mining implies a reduction in the coin value. Some have claimed that mining cost or energy cost backs the value of a coin given its cost of creation (or similarly, the claim that botnets reduce the coin value since their cost of mining is lower), but this appears not only wrong, but backwards.
I never understood why people would not understand this intuitively, like anything else it's scarcity and desirability that creates the balance of a market all the cost can do is provide a baseline. 2. ASICs increase hash rate security (and therefore coin value) but may reduce it due to reduced miner decentralization, so the effect is ambiguous (and depends on the relevant, and generally unknown, constant factors). Of course, the Monero community is aware of the second consideration, given the recent decision to fork out ASICs, but the ambiguity may be under appreciated. Personally I find it quite troubling and would prefer a way to win on both sides rather than grapple with a potentially intractable tradeoff.
I don't think the bolded can ever be possible. And I venomously disagree with ASICs increasing a coins value I would say quite the opposite. Bitcoin is a one off aberration that it's descendants can never me modeled upon as it's creation, adoption and community are and were all unique. Trying to use it as a model is a fools errand and is oblique to anything that follows. 3. There are multiple equilibria in any coin, one being the coin price at zero (so no mining rewards, no security, no value., etc.) This may be obvious but we don't see it much. However, it appears to reinforce the notion that a coin can completely fail.
I think I would have to read what the hell they were referring to with this one, it looks like there is no context unless they mean "yeah they all start at zero as an idea". Yet even then Some Idea's are far more valuable than others, all whitepapers =/=. 4. Non-linearity can produce price and hash rate spirals. If someone spikes the price (say Roger Ver buying into Monero in 2016) and the hash rate follows, this can improve perceived security and perceived value to the point where the new value is self-sustaining. Perhaps this can occur by hash rate increases as well (even potentially due to ASICs or botnets joining the network). I guess this can happen in the other direction too (possibly leading to complete failure, i.e. #3?)
Sure, ETH is a fine example. This is a premise that certainly should not have to be supported by anything other than common sense. 5. There is an optimal inflation rate that is not zero. Some amount of inflation subsidizes mining which increases the hash rate and then coin value so it is therefore self-supporting. This has been alternately stated many times in the past as avoiding the free rider problem where holders who do not transaction still benefit from mining security. It is actually quite obvious to most people who understand economics but remains highly controversial among Bitcoiners.
True and is continuously debated not for it's merits but for personal gain. Change the distribution rate/ tail emission I'm not cashing in quick enough. Lol Reminder: As with most if not all of economics, this is only an idealized model, and doesn't necessarily accurately represent reality. Lessons may be learned from it, and they may be valuable, but they risk being wrong if the model is wrong.
Standard disclaimer in gobbleeze. |
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@bcndev bcndev closed this Apr 16, 2018
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Useful link to a non-technical summary of the paper: https://imperialcollegelondon.app.box.com/s/u1qark0r6cvdvzj4vp5s3xyfo9tkpjt8Interesting comment relevant to ASICs in Monero: [Emiliano Pagnotta] To add to AB’s comment, let me elaborate on your conjecture. If a particular entrepreneur created a superior ASIC machine, the effect on the bitcoin valuation could be ambiguous.
... (read more at link above)
Thanks smooth, I like the fact they put out a layman's copy. That paper got way out my league to comprehend pretty fast and what I did digest didn't seem to come to any conclusion that is not already obvious. So what point is it trying to make that we don't already know? I think something is wrong with Polo I just checked my buy trade analysis and got an exact even number! Whats the chance of that?!?! Average Buy Price: 0.00416829 BTC Break Even Price: 0.00416829 BTC
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ETN will have a greater market cap than monero in time.
You better hope so or you'll have to get some JOB. |
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... for instance I would have designed the chips to be removable for easy swapping, IMO that was a foolish design flaw, sockets are cheap. Sometimes engineers do not see the trees for the woods or is that supposed to be the other way around?  , you would have to ship them to China and employ cheap manual labor to do that seen video footage of moving mining gear out of mongolia, for relocating to a different place. the amount of dust is nearly fatal to fans and anything surrounding Best answer in the world no-one else does it so it's stupid, couldn't come up with better than that? I'll tell you why it's not done. It's not done because retards buy the shit from them when they are done with it and then when it's EOL they can resell an entire new product that they pre-use. I know quite a bit about semiconductor manufacturing because I was a senior hardware engineer at one the largest semiconductor manufacturers in the world. We fabbed and designed the power sense chip that to this day is still powering the Opportunity, and powered the Spirit until 2010. These rovers were designed to last 30 days and were launched in 2003. I used to play golf with the Lead scientist that designed that chip, he was brilliant and we had some great conversations and good times. BTW I'm quite aware of the horrible state of QC these days they moved our Fabs in the late 90's to cheap labor countries in Asia/Philippines Europe/hungry IIRC and I forget the last they were moving to 6 and 8 inch in the new facilities at the time where we were doing 4 inch and some 6 inch in the US. I've never had to see the footage you mention I've been in clean rooms there wearing the bunny suits, is actually really sucks and I only went in when no-one else could do the job. What they do with the chips after we supply them we generally don't care hell most of them end up in cars and they take the worst beating imaginable. https://en.wikipedia.org/wiki/Mars_Exploration_Rover . But thanks alot for giving me the skinny on how the industry works. I do like Monero Project.
The idea protecting transaction privacy is advanced but elegant.
I'm also a researcher in statistics and cyber-security. If possible, I want to contribute to this project.
Welcome, you'll find the Devs frequent #Monero-Dev on freenode. |
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Grabbed a little moah this week just now. Back to double digits again baby! |
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...Then again... there is evidence that company has done things in the past to harm the chain they mined.
I do wonder at times what has become of the Silver King...
This I don't doubt, do you have any links? AFA the other, Idunno. |
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I can't help but wonder if this might be one of the large ASIC minors selling there warchest.
i WOULD ARGUE THAT bITMAIN HAS BEEN IN THIS GAME LONG ENOUGH TO (WELL SHIT CAPSLOCK AGAIN | IRONIC) know exactly how to sell without hurting the market and therefore their future earnings so I would doubt that they would dump. They create these for a living and sell the coins continuously I'm sure so I doubt they would dump out of spite and the fact that the market is absorbing these dumps just shows a lack of finesse, it looks more like a pissed little kid. My guess goes to Reptilla. |
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I never had a problem with Poloniex although they did have some glitches before with their site. And I think most traders know every exchange site has some schemes for their site to make money. But with Poloniex, I think there were a lot of good traders who pulled out their investment with this site, it was because it became worse when the trollbox was taken out and a lot of issues occured but not ponzi schemes.
Yup, pulling out the trollbox was he worst thing they could have possibly done. The mods on there helped alot of people out and gave the place a good name. |
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Wait wait wait...
Let me get this straight.
The shitcoin that paid McAfee $100k to tweet about it, blew up to massive proportions during a time of extreme market greed, becomes a Nigerian prince and asks for "donations" in order to unlock his untold millions, becomes a target of a "hacker" who gets to keep his coins - is now moving their newly found coins to Binance in order cover a Ledger integration that does not exist?
Holy fuck, I'm mortgaging my house right now to buy more of this crypto gold.
BIGGEST DEAL IN CRYPTOooooooooooooooOOOoooOo (<---the sound is makes when falling to 50 sats)
did mcafee also get paid for the 51% attack on verge There was no 51% attack you fucking morons. It was a code exploit because your DEVs suck balls. The only 51 in this equation is the Page number this post is on! |
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