In this thread XMR baghodlers (read: all current investors) are invited to have free discourse without worrying about being censored for displaying opinions that don't correlate with the pro-monero hivemind or including facepalm gifs
For the first time in can't remember how long (early in the history of this thread that's for sure), I exercised moderator power and deleted a post by "bagholder" (a newbie sock puppet, which is already a warning sign) that was one part trolling and one part promoting BBR.
I don't care if you are negative on Monero, or like another coin better, but I'm not interested in the trolling style of posting meme pictures and such on this thread. Nor obvious sock puppets.
Say what you want to say in a courteous respectful tone, even if you disagree, or say it elsewhere.
I will be adding an explicit warning against blatant sock puppetry and trolling to the OP as well. Off topic includes any extensive discussion of other coins, promoting other coins, or posting of promotional materials from other coins.
Deleted post verbatim:
I somewhat now see some arguments for changing the emission - best would be if could change the emission and adapt the current amount of coins accordingly, but I think this is really impossible.
maybe I am wrong and the social contract is less important than the fixing - I am really really unsure about this.
We may need a new CN coin to implement the thoughts here.
If only there was a CN coin which didn't have poorly thought out emission curve from inception...
Oh wait there was! and not only did the emission curve not have to be retroactively adjusted, *completely* violating the social contract, it also synced from scratch 20x faster (12 minutes vs 4 hours) had 3x smaller blockchain, with the ability to trim well into the future, a intuitive native GUI (no endless promises), native aliases, improvements to anonymity set, arguably better PoW and generally was not praised as the second coming of jesus by a bunch of individuals making their first foray into altcoin pumping after becoming bored of BTC's stagnation. They must of thought it would be like penny stocks
Now we have a small group of assorted bagholders- many of whom attempted to conjure up fanatical levels of support with their orchestrated pump on monero, a unseen level of hubris on these forums all led by a pied piper playing an irreistible tune of $$ :
XMR looks really strong in the market. I've been accumulating the past 5 days and seen with my own eyes the buy support grow from 60 to 300+ btc. Meanwhile the price is only up less than 50% from the bottom and still less than the average over time.
It is easy to see a continued uptrend from here.
Only about 1.5 million bitcoins in speculative (fiat-denominated) hands now. All the rest are owned by the likes of me, I am not selling any bitcoins below the long term realistic value of $300k/BTC
The most egregious prediction I actually have made, is the belief that Bitcoin would reach $300,000 by the end of 2013. Because I believed this myself, I went nearly all-in when the price was $100, and sold a few months later to buy a castle and other nice things. So I was wrong with the number but right on the timing.
I hope that Monero would be the coin that speedily embraces this understanding, but if I am wrong, I am ready to move on, like I have done with stocks, silver and bitcoin
XMR holders have now had the briefest of splashes with cold water, becoming bagholders for just a couple of months max has already shocked them to the core. Back to reality realising they actually are facing a btc denominated loss now in their experiments, (not like anyone told them they will likely be bagholders at least temporarily or pointed out the catastrophic flaws with XMR's structure) the biggest holders try their hands at controlling monetary policy
of course this comes AFTER already securing their privileged positions when emission was steeper- they finally come to understand the inflation given the current climate is not tolerable, as many had already said Build your coin on a solid foundation from day one, don't stick bandaids on i.
Nevertheless the prospect of enduring a cold winter at malla with no electricity is not an attractive one. So now is the time to get that rouge lipstick out and start applying it all around this grotesque hambeast they are stuck with.
As to the theory Aminorex and co sold off, I don't beleive that for a second. He is firm in his belief that XMR has "already solidified it's position as the number 2 coin next to BTC", "it's natural successor" "the only contender for global dark market liquidity niche".
The price is low, so that's prime opportunity for him and his SVP contacts at two sigma, along with his network of prop desk traders across the world, to scoop up tons of cheap coins (Monero price is not cheap even now, but it will not stay this cheap for long ™ as some would say)
He even was advocating quitting his job if he didn't get paid in XMR, I'm sure he wouldn't sell, he would probably just take a few shots of whiskey and some amphetamine- whip out his black book and start making some phone cools to bigwigs. We would shortly be back on the road to da moon because this is only a temporary pitstop back on earth, us monero supporters all know that monero is the only worthwile alt who's success is inevtiable, right guys?
...guys?
XMR has a chance of success if you leave it the way it is. You will NEVER hear the end of the instamine accusations if you change the core parameters at this stage. You can never market it as a truly fair or legitimate option. Do not let shortsighted fears take over now when they never factored in to your buy-in's before you realised it wasn't going to be plain sailing. You need to ride the storm out and demonstrate you are confident in your decisions because the confidence was shining through before.
I'm finally about to start cutting my losses on XMR now, I'll attempt to recoup on other projects.
So long and thanks for all the buy in tips.
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