Edit: Deleted in shame because I was wasted and stupid. Sorry.

Some wild action.  Bid side passed 1000 BTC for a while.  Probably margin long action, which does not bode well for stability.  Most of those punters will lose money, and sell their XMR too cheap.  Definitely time to place low-ball bids.

You seem to be under the mistaken impression that when funds flow into an altcoin, they flow out of bitcoin.  That's incorrect.  Overwhelmingly, altcoins are purchased and sold using bitcoin, with XMR a distant second.  Fiat does not even bump the needle.

fiat in -> {  bitcoin -> alt -> bitcoin } -> fiat out

Please notice that the fiat flows are all on the bitcoin interface.  It is these flows which determine the fiat/bitcoin pricing relationships.  If everyone on the planet were to suddenly decide they had to have financial privacy, and so wanted to buy 1000 EUR worth of Monero (about 1000 XMR), their first step would be to buy 1000 EUR worth of BTC.  No matter how many XMR they buy, zero or 1000, the impact on BTC/EUR is unchanged.  The impact on the price of XMR would be much, much larger, admittedly, but that would not mean that BTC did not benefit from the flow.  It merely benefits less than does the XMR of our example, and only because the portion of market cap involved is smaller.

In fact, if you want BTC/EUR to rise, it would make sense rationally to encourage punters to get into ETH  -- although not morally, as ETH is a valueless speculation with an inevitably ignominious end-game.  The more layers of inconvenience remove them from fiat, the less likely they are to cause an outflow on the BTC->fiat interface.  Speculators attracted by hype and froth are likely to be poor support for the BTC/EUR price anyhow -- much better for BTC if they play inside the playpen.  Let them punt on ETH or MAID.  Serious investors prefer serious investors as peers.  They participate in capital formation, business formation, productivity innovation, infrastructure support -- the things that build a material (even if virtual) economy.

Comparison and jealousy are sins.  Like all such sins (fear, greed, etc.), they hurt the sinner most of all.  A rational actor must be free from such sins.

Either the jump was an inevitable correction because we were operating at suppressed levels for too long, or it was an impulsive overshoot, due to a large accumulator, and once they are full, the trend will be towards an intermediate level -- both could be true simultaneously, in fact.  Level bumps like that tend to cluster, so the probability of another level bump is elevated, but declining over time, until the next event creates the opportunity for a cluster to form.  The other major forces driving price are declining supply and spreading information / sentiment.  Since these are all positive, I would say the situation is broadly bullish, just on market dynamics alone, disregarding technology and infrastructure progress, competitive landscape, &c.

240k-260k trading range seems well stocked with liquidity.  A lot of ask has been consumed, about a quarter of it -- the quarter which was "realistic" in ambition -- i.e. devoid of longer-term vision, hot, fast money -- weak hands.  But the bid sum has generally been growing by large increments-- now about 20x greater in USD terms than it was a year ago (when USD was weaker than today).  I reduced a wee bit in the 270s -- it seemed the responsible thing to do, for everyone concerned -- but I'm starting to feel pretty good about this level, sociologically, so I will be adding my support back.  Probably the hot money portion of that bid will drain away when they feel the jump phase is over (assuming no jump cluster forms), and get bored.  That will create the opportunity to fill low-ball orders occasionally, so a ladder strategy seems likely to play well as the noise tends towards homoskedasticity.

If we do see a cluster of level jumps in the near future, I hope everyone with large bags will try to share a bit, yes, but not too much:  Keep in mind that large jumps are due to large accumulators.  Sharing with them is not as beneficial to the development of the economy as is sharing with myriads of smaller players.  Every XMR denominated business needs XMR paying customers.  Yes, adding a whale to the network can sometimes do great things -- but only if that whale is a supernode, a highly connected vertex in the graph of economic interactions.  If the whale just sits on a big bag, all they have done is reduced supply and hence bumped the level.  Mostly we need lots of little people, consumers.  People who eat lunch in Brussels, get therapy in Manhattan, or need VPN links, wall art, medical cannabis, whatever.  For that reason, I feel more generous when the price trend is more gradual, more diffuse, but very strong.

I probably shouldn't have mentioned XMR at the alternative investments meetup.

What good news are you thinking of?  There are so many possible candidates that I don't even...

I am somehow flattered to be at the top of your list of suspects, but for the record, no, I continue to accumulate slowly.  That smell of rotting bearwhale on the shore -- not me.

Market has swalllowed a large dump over the past couple of days.  That creates a little air pocket in demand, which takes maybe a couple of days to fill.  How fast and how firm the fill will tell us a lot about the moneyflow trends, whether they are short-term rising or falling. 

Pretty much the definition of deflation right there.
So, housing bubble popped?  Gonna do whatever it takes?  NIRP?  Maybe start your helicopter?  Those pesky savers!  Well, if your wealthy citizens ever need a way to escape financial repression, I could provide them some XMR, I suppose.

So true.  But then it always rises to make my ink black eventually.

Could be now.  Burned off a lot of ask and the bid keeps rising.  I think it could handle a 100000 XMR dump and snap back to 200ksat in 8 hours right now.  Wouldn't that be nice;). Almost like BTC 2012 all over again.  Ask at 200 down to 35 BTC and falling.  I see them as last chance coins.

I am becoming increasingly bullish.

You know where github is, right?

Anyhow,  rushing it would only poison the well.  You don't want to get a reputation as not-ready-for-prime-time, because when you are ready, with all the UX issues nailed, then its too late to catch the next big event-based market need, as everyone has moved on to a lower-grade solution, which has become habitual, stolen the mind-share, gained the network effects &c.

The impediment to marketing is not lack of marketing.  It is lack of readiness for marketing.  To solve that you can fund a project on the forum, and/or provide pull requests.  Personally, I figure the big market need comes in about a year from now, when financial repression gets serious worldwide.  Being ready when that happens will be important.

Meanwhile, we are accruing early adopters on an ongoing basis.  The community is definitely growing.  You can buy more stuff, liquidity is rising, technology and infrastructure is improving in many areas, and not slipping in any significant area.  Prospects are very very good, fundamentally.  

I frankly appreciate the price here.  It's a wee high for accumulation IMO, but I keep dribbling, because, hey, you never know when it moons, and FOMO.  DCA means nothing if you start timing it.  And I've proven to myself that I can fail massively when timing it.  My only really good timing moves (other than buying OTC before polo) have been when I had inside info (or more accurately, public info which I believed while the market remained skeptical).

hey, that's only 7 yuan per capital PRC.  Seems low-ball to me.  Once you run out of 50kUSD smurfs, or that channel gets squeezed, what are you gonna do?

+1e9, this.

Any function which depends on knowledge of transactions but not on control of transactions.  Usually this involves providing privileged information to an independent party, and such cases can always be deemed a form of compliance verification, but the verifying party need not be a governmental regulator.  

If I give money to a minor child, I would like to provide accountability, but may prefer to delegate authority.  (Certainly I wish to protect the privacy of the child from bad actors.)  

In some custodial accounts, a similar delegation structure may be required by law.  The viewkey would improve this by adding verification of the performance of the custodian.

If I delegate authority to an employee or contractor, I can't expense the full amount if I retain control of the funds.  A viewkey system allows me to verify performance but expense early.  

I suppose that a viewkey could be used in a single-authority escrow arrangement. Client and vendor can verify the presence of the funds but only the agent has the ability to transmit.  2-of-3 signature systems are preferred however.

Lines of credit are typically conditional on the performance and capability of the debtor.  Given your viewkey, I can measure your ability to support debt service. An operating concern might provide a viewkey to a trusted auditor or credit reporting agency, e.g. in order to gain a certification of creditworthiness without public exposure of accounts.

Economic/sociological studies might be enabled by volunteers providing their viewkeys to researchers.

Quota limits for shared funds.  The pooled funds are partitioned out to individual wallets, and collective accountability maintained by the use of viewkeys shared with all members of the group.  Adding multisig would enable pullback of funds in cases of defection.

All of which are just minor variations on the obvious.  I am sure that there are actual clever innovations waiting for discovery.

It would not require "mainstream" adoption, merely greater penetration of specific use-cases.  Suppose reserve demand is 90% of the float, and the remainder is liquidity demand, with 15% of a 2tn gdp black market turning over at v=5.  That would imply a 600bn mcap, and 32k usd bitcoin.

time for a monkey report.  monkey thinks this is a good time for a small correction,on a daily chart, but anticipates a continuing weekly, monthly uptrend during the coming 2-3 months, with a possible correction shortly before halving time (which seems unlikely to me personally, or should be minor, at least).

I believe polo has the right, within their ToS, to unwind trades if someone pulls shenanigans like that.

Your description of the JVM makes you look like a caveman, or at least a philistine.  A caveman with a good sense of mass, admittedly, but a caveman nonetheless.

Be it known: You can write screaming fast code for JVM.  It requires, however, some skill and understanding of the platform, which most HLL coders lack, probably because they don't need it.  (I have seen sub-microsecond HFT smart routing done in pure Java, to excellent effect.)  And the tooling ecosystem is without parallel.

Which is not an argument in favor of adding a dependency, by any means.  But I would be loathe to call English a p.o.s. language just because of the great vowel shift and a massively bloated lexicon.  Give Shakespeare some credit, man.