The tail emission by itself is largely sufficient to address the core of the "fee pressure/market" issue, but the adaptive blocksize is also useful to balance between increasing demand and the resource requirements of a growing blockchain. The above discussion regarding the XMR block reward shows why Monero's tail emission is so important. The critical value is 0.6 XMR which will be the tail emission after the current hard fork process is completed in the nest few months. The equivalent for 10 min blocks is 3.0 XMR. The real question to ask here is when will the Bitcoin inflation rate fall below that of Moenro? (Next emission changes are 12.5, XBT (about a year) 6.25 XBT (about 5 years) 3.125 XBT (about 9 years) 1.5625 XBT (about 13 years) Ouch! ... This is why the tail emission addresses the "fee pressure/market" issue that is required to maintain security in Bitcoin. It also explains why so many of the Bitcoin core team are so concerned about increasing the blocksize. Thy fear quite rightly that without a way to force larger fees by keeping the blocksize small Bitcoin will become insecure. Monero does not have this problem and can allow the blocksize to scale based on a fee market by using the Cryptonote penalty formula. My take is that this fee market will set the total fees collected per block based on the emission and the rate of change of the blocksize. This means that Monero does not need to compromise growth in order the have security. The real value of Monero will become apparent with time, which is why Monero has attracted many that are in it for the medium to long term. |
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Strangely, I am not feeling that uncomfortable.
Cartels are something that in the free world should be able to form. Personally I am not that afraid of troll attacks since I do not simply care, however I see your point, some people might be more sensitive to internet trolls in a way that those trolls might have some power over them. Generally speaking, smart money people however do not care so much about trolls screaming from their caves.
To lend XMR to shorters is basically the only thing one can do with XMR in real world. Personally I am interested in investing to assets that bring me passive income but are also backed by a collateral. XMR loans in Polo is such asset.
This depends on how good the collateral is. XMR loans backed by DASH or even ETH can be very scary. A sharp spike in XMR/XBT could easily provoke a a sharp drop in DASH/XBT creating a double loss for the short XMR position. This has happened before in the spring of last year where a sharp drop in DASH/XBT over the Darkcoin/Dash re-branding caused a sharp rise in XMR/XBT. Edit: Cartels are a terrible idea, not only can they be illegal in most jurisdictions, they undermine the very essence of a free market; namely competition. |
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By Christmas, my guess is Monero will be between $5 to $7
I am not even going to try to speculate on what the XMR/USD rate is going to be 10 months from now. |
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What happens to the blocksize when the market demand decreases again? Will the blocksize shrink back to a blocksize that fits the amount of tx/s, or will it keep having the blocksize it once got during a peek?
It shrinks back. Edit: The penalty is not "recovered" in any way when the blocksize shrinks back and would apply as before if it climbs back up. |
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... What does it mean?  It is mentioned in the Cryptonote White Paper https://cryptonote.org/whitepaper.pdf section 6.2.2. (Please note that the formula quoted there is for the Penalty not the NewReward). This is a fundamental difference from Bitcoin. I covered this issue further back. https://bitcointalk.org/index.php?topic=753252.msg13591241#msg13591241. Also the tail emission is needed here since without a base emission to penalize the penalty function will not work. Most people think of Monero as an Anonymity / Privacy / Fungibility coin, but this blocksize scaling issue is critically important. |
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... If the issue is scaling, it effects us all eventually. If we're lucky.  No. There is a fundamental difference here between Bticoin and Monero. Monero has an adaptive blocksize limit that can scale with market demand by increasing supply for a price, while Bitcoin does not. In Bitcoin's case it does not matter that processing power, bandwidth, storage costs etc plunge in real price as they have over the last 60 years the blocksize is still fixed and requires a hard fork in order to change it. Bitcoin has hard coded the current technology into the protocol while Monero has not. I always come back to the credit card analogy. It is like expecting the current transaction levels of the VISA network to work using the tabulating machine and punched card technology of the late 1940's / early 1950's. This is when the the Diners Club payment card was conceived and the first cards were issued. Bitcoin can easily become the Diner's Club of crypto-currency, while Monero at least is not prevented from becoming the VISA or MasterCard of crypto-currency. |
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I heard Core's planning a hard fork to 2MB max block size for 2017. Did I hear wrong?
Yes this will buy Bitcoin some time, but the fundamental underlying issue still remains unresolved. |
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... FUD all you like. Honey Badger is antifragile. You can't make him give a shit. That is a feature, not a bug.  The market will be the ultimate judge of this. |
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... What about Confidential Transactions and side chains? Won't this put a damper on the demand for alts like XMR? Is a Blockstream vs. Monero war in our future?? Ring Confidential Transactions (RingCT) will come to Monero. I consider this not a matter of if but when. It will also bring ring multisignature transactions. See Section 4.4 of https://lab.getmonero.org/pubs/MRL-0005.pdf. I very much doubt that there will be a war between Blockstream and. Monero war in our future, since in order for the Blockstream technology to have any significant adoption on Bitcoin, Bitcoin still needs to address the blocksize scaling issue. |
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... This is my new favorite blanket question to whenever Bitcoin maximalists say things like... - SIDECHAINS!
- LIGHTNING NETWORK!
- PRIVATE ADDRESSES!
- MAGMA BLASTS!
- ICE CRYSTALS!
...are going to make Monero obselete. It's the "Satoshi's Coin's Test". Will this let Satoshi move his coins without anyone knowing? If the answer is no, I'm happy for you, but leave me alone. There is actually a even simpler answer to the above: 1 MB blocksize limit. |
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I think we are gonna hit a new high soon but I wish we tanked for awhile until that wall douchbag dumps. I won't be buying for awhile.
If the wall douchbag was actually serious about selling the wall would have been left in one place instead of the constant movement. The use of large sell walls to buy is a tactic that only works if the wall creator can convince the market that there is a real intention to sell otherwise it is just a bluff. It can also fail to a large long term investor who sees this as an opportunity to obtain a large position with minimal slippage,. |
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The wall seems to be removed (for now). Ask side looks rather flat without it.
Thank you Risto. It is back |
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So what happened to the 100K sell wall at 180, did it move back to 200?
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I am sure whoever put that wall up does not mean to actually sell that much. I wish I had the Bitcoins, even if I had to borrow them, just to take that wall out and see the look on their face realizing their wall was gone and they now were short 100,000 Monero they never intended to sell.
It is close enough to market to tempt someone with a market buy. If a smaller player takes a bite out of it, then it will be interesting to see what the wall does. |
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The price has currently tested the 165k-170k breakout zone multiple times on high volume. Every time it gets tested and isn't broken it gets stronger. Therefore it is likely it will hold for now. However, this is crypto afterall so who knows what might happen.
The 165k-170k breakout zone also corresponds to the low of the May 2014 - September 2014 trading range. The upper part of this range around 270k has not been tested during this breakout yet. |
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Spend some time and do you own research first before investing any funds. Taking a very thin slice of a foul tasting cake does not make it taste any better.
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No disrespect for the elderly, but Bernie Sanders is simply too old to get it, he will never understand the idea of a decentralized, non-government issued currency like Bitcoin. If investors like Warren Buffer are too old to get it, I doubt a politician will.
Actually many 70 year olds understand crypto currency much better than many 40 year olds. They come from a generation that used cash and bearer instruments. Crypto currencies are bearer instruments. Many seniors are also paranoid about identity theft, and do not trust current on-line payment methods. In many cases seniors are not invested in the current mainstream technologies, so unlike their kids generation are very open to what their grand kids generation presents. Edit: Introducing crypto currency to a senior is actually very simple. Just explain to them it works like cash that you can use on the Internet with no risk of identity theft. You will get their attention in no time. |
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Down 1% for the past hour. Cmon buys you can do better. Let it all out. You don't want to be the victims here do you?
"Nobody ever lost money taking a profit." - Bernard Baruch
Don't be a victim. Kill the pumpers and sell before they end their pump. Hate me now, thank me later.
Quoted for posterity. Current market rates: XMR/XBT 0.00234857; XMR/USD 0.956261. |
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