Who is using gold and silver as a pseudo-currency? A faik precious metals (Au, Ag, Pt, Pd, etc.) are a commodity, not accepted as cash payment anywhere that I know of
Thinking that gold is a commodity shows how much brain damage the mainstream media has caused. Gold is thousands of years considered money and even central banks buying it today. Just consider the percentage of industrial usage of gold vs total mined gold stored as investment in bars, coin or jewellery. The same ridiculous statement as saying that Bitcoin is a commodity. I miss the good old days when crypto was in hands of true visionaries and people who think different. |
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LOL. Too bad iamnotback is so very emotional and egocentric
Please quote what I wrote upthread that was emotional? Stress over a self-imposed, ethical responsibility is not emotion. Perhaps you don't use vocabulary precisely? From my perspective, I have provided my rational reasons for my decisions. It is quite rational to suspect that the Chinamen can go on Twitter and crash the price of LTC again, because they've done it more than once already. Please quote an instance of your allegation, else you should apologize for maligning me without any proof. Do you want me to malign you by serving as a witness (and quoting) that you make false accusations and you attack sincere, rational, technological experts. I have learned a lot about men on Bitcointalk. I have learned why our world is so fucked up. We have a lot of really unethical and/or mentally-impaired people in this world. And I suspect Sir, you are one of them. See how that works? You make a false allegation against me and I make a true allegation against you. P.S. I am not obligated to catch you up on my history of comments about Ethereum. The question you ask has been answered many times by myself (akair even within this thread within the past 3 weeks). Did you ever contemplate how unrealistic it is for me to be responsible for every reader of this forum to know every update of everything I have ever written. You Sir, are responsible to read my archives if you want to know and also you are responsible for your words. Please think about what you write before you post. You don't mince your words when communicating with other people and on the other hand you are quite sensitive about your person. Being emotional is not necessarily bad. You seem for example very passionate about things. Is this just you being eccentric? I think these things are difficult to describe even if I was a native english speaker, but you being emotional is not that far from the truth - in general, emotional people act as you do but of course it could be more of an extrovert in you. Extrovert that is not emotional? Or are you not an extrovert? That would be hard to believe. OK, I get it why you didn't like my comment, let's move on, I am sorry and want to make you feel better. Back on topic - or slighty offtopic: BTC:ETH marketcap ratio is 1:5. If it matches bitcoin it gives 500% profit. Not too much (BTC parity a big deal, right?) but perhaps the advantage is that it is more stable than a smaller coin? Can we expect Ethereum to grow much bigger than bitcoin? I really am also worried about the mainstream interest and advertising that ETH enjoys that reached the proportion that it looks like sucking the poor suckers in, who have no idea and just buy the most hyped thing. |
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LOL. Too bad iamnotback is so very emotional and egocentric - but it is in fact a big part of why his voice is heard so much and is well known.
I just don't understand why he is so bullish on Ethereum. He was bashing it from day 1 and now seems so confident in it.
When have I missed the bear to bull transformation? Can somebody explain?
People make mistakes and that is good, otherwise they wouldn't try or say anything new.
Btw, Monero currently technically looks better than ETH. Ethereum seems so mainstream now and the chart really doesn't look so good.
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to be honest I don't like what I am currently seeing on the charts. things were surely looking good when I was looking at the 1 hour charts even after that dump mentioned in OP but afterwards there has been more dump and the market doesn't seem to be much interested in litecoin anymore and the orderbooks are much thinner than before. which can also be understandable but at the same time price is still stuck at 0.0088-0.0092BTC range.
I am not so much an expert on analysis and I believe it is bullshit in altcoin market but I say LTC needs to break out of some lines so we can expect the direction. above 0.0097BTC or below 0.0082BTC for example.
but my gut tells me we haven't yet seen the last of this current rally. and it is worth mentioning I an holding some LTC at the moment.
currently 2 hour chart: LTC, XMR above 20EMA - ETH below LTC above 200EMA - ETH, XMR below |
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convoy public opinion for LTC prices soaring, although the application of segwit in LTC, LTC still far below ethereum technology. LTC possibility will be used only for mining, and trading it.
ETH's bubbly highs put it at almost 10x the marketcap of Litecoin which just went through years of consolidation. So far no real world use for Ethereum, just speculation - it has not yet come through the peak of inflated expectations phase. It will take long time for people to actually put the technology to use. Also Hyperledger might serve as a better solution for most of the applications. It is hard to see Ethereum's upside that has not been priced in already - most of the upside now comes from its the 'number 2 in crypto' position and lots of advertisement in mainstream media. Btw, in the future, Litecoin can have smart contracts and EVM on the chain as well. |
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With Segwit on Litecoin I should be able to pay instantly from my wallet for Bitcoin stuff. LTC to BTC conversion can occur on the payment processor side and the merchant just gets bitcoin credited to their account.
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I agree with iamnotback. I have been looking at Litecoin for some time now. Now I can see even more clearly than back when the first run started - a long time ago.
Thanks for additional insight.
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---------------------------- Original Message ----------------------------
Subject: Re: you may not be factoring in Chaos Theory
From: "Shelby Moore"
Date: Sat, October 15, 2016 4:21 am
--------------------------------------------------------------------------
My doubts about your methods are you attribute absolute
cooperation between factions of the elite.
There is no rational explanation within your assumption of why Wikileaks
is releasing dirt on Clinton weekly, so as to force the mass media to
reveal themselves as a fraud. See my next email.
Assange is cooperating with Rothschild because ever since long ago in the
Cyberpunks mailing lists, he was of a globalist mindset in terms of social
order.
The Rothschilds may be smart enough to know that the Bible says the Beast
will be wounded, so they may realize already that Trump is destined. And
so they encourage the result as a means of discrediting the concept of
nation-states and democracy. They use creative destruction against their
own. This will enable them to bring war with which they can profit and
further their one-world aims. You focus too much just on the destruction
of the grid angle.
You are very smart I agree. But sometimes you forget I am too.
I'll add a related quote I read recently that has very similar conclusions: Elite memes and the manipulation of directed history are growing more to difficult to implement and sustain. The fallback is chaos and general destruction. If one is made to doubt everything, then allegiance to one’s society is lessened. It is easier to substitute and expand internationalism. The media is playing its part in this larger unveiling, and this also informs us that the current chaotic truth-telling is deliberate. The process of globalization must continue and the tearing down of what’s been built up throughout the West – including, science, art and technology – is taking place because it is the way free-market trends are counteracted. Out of chaos … order. The idea now seems to be to tear down foundational elements of American society that have been painstakingly erected over the past century and more. The US as a society – and then as a culture – is to be destroyed to make way for something else. |
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If the DAO hack gets laundered through XMR, it will establish a major precedent, and XMR will subsequently attract vast funds, as well as intense political pressure. Expect huge volatility, along with a massive long term upward price pressure in that case.
Personally, I would not choose XMR if I were the DAO hacker, except as a long term investment. I would move about half of my value into XMR cold storage, mix the rest as btc, and buy stolen gold and shelf-stable drugs on AlphaBay with BTC.
How would he move such vast amount of traceable coins to XMR? Well, the question is was the hack actually illegal? - after all ETC stands by the idea that the contract is valid, there is no hack and ETH people reverted the transaction so should not care although could be interested in catching him. How would he exchange the coins for any other coin exactly? What could the attacker actually do with the coins? How much value does one tainted coin have vs untainted? I say let the market decide! I think plenty of people would be interested in cheaper although tainted coins - just set the price right. |
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The people of Monero should provide the volume in Bitsquare. The last time I have seen it there was nothing happening in the exchange. Hiring market makers to accommodate people from the darkmarket selling and buying XMR might be a good idea. It will also help start the market activity in Bitsquare with XMR as the "star" currency making it become in the center of attraction again. I hope the Monero whales will have a long term game plan like that.
The problem with Bitsquare or in fact the problem with bitcoin is that bitcoin is not fungible thus selling your perfectly fungible moneros for possibly tainted bitcoins from a theft could result in value lost or complete inability to sell the coins n a normal way in a couple of years - I think the market should discount the reduced value of such coins and sellers there should learn to accept higher prices for monero. The other way around when exchanging has no added risk because whoever buys your monero has exactly the same monero as they could buy from Poloniex or some other place. I agree that having a p2p market is important and hope that people will support the market when they see an opportunity to sell monero with a justifiable premium there for non-fungible coins. |
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Looking at weekly timescale, the volume has been quite low compared to the last ramp up when ethereum was skyrocketing.
The whole chart is really nice, a huge double bottom with the second low forming what resembles a head of a huge reverse head and shoulders - with a recent breakout!
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Looking at weekly timescale, the volume has been quite low compared to the last ramp up when ethereum was skyrocketing.
The whole chart is really nice, a huge double bottom with the second low forming what resembles a head of a huge reverse head and shoulders - with a recent breakout!
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Is now a good time to buy XMR or do you guys think it will come down some and offer a better entry.
Chances are it will come down quite a bit after zcash promotion engine starts revving up. But will it be a good entry I don't know. Why would anybody think of buying zcash? Well, much for the same reason as buying monero. I think zcash will help spread the word about fungibility. |
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I wish I got paid by him (however I think we should start paying him for the publicity).
The number of potential viewers are probably 100 times the Monero community (he has almost 1000 followers these days and growing).
I am sure vloggers and bloggers who have a good subscriber basis are something Monero needs for marketing since they tell the good stuff to average people and will take the interest of the coin from the level of geeks to the level of early masses.
LOL... you were saying that monero community consist of only 10 ppl   Actually there are 4. TrueCryptonaire, primer-, Donald Trump and Donald Duck. The level of humiliation goes up just before the drop. Happened also many times in the past. Yes, I was reading tea leaves earlier today and they told me it is not the spoon that bends, it is yourself. |
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It seems there is movement up to 0.006-0.007
It is very possible. This recent talk about spreading bids lower with increasing amount tells you all about how investors were treated for a long time and got accustomed to a bear market  |
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I bought a raspberry pi 3 recently and was wondering what kind of sync speeds I could get with one of those fast 90MB/s cards and the pi3's 1.2GHz 64-bit quad-core ARM Cortex-A53 CPU.
It seems like it could be usable for monero but I am not sure if its worth a try if sync speeds take ages or there are some other unwanted reliability, ease of use or whatever other problems.
Full disk encryption seems like a must though, that could slow things down a lot.
You could have a full secure environment with full blown linux environment on a chip the size of a cent bootable from the most cheap and commodity hardware there is.
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Pretty nice to see tech savvy folk finally noticing Monero and actually starting to use it. It even made headlines on Slashdot which is an old-school mainstream web site for geeks. https://linux.slashdot.org/story/16/08/10/237230/linux-trojan-mines-for-cryptocurrency-using-misconfigured-redis-serversHowever in the discussion below the article nobody discusses Monero or anonymity. I think people are still confused and think crypto is anonymous by default (even tech savvy, i was quite surprised recently - and there is the other group that are smarter but think bitcoin mixers are a workable solution). Slashdot people are ignorant and don't understand bitcoin and they were bashing 'BitCoin' as scam for a long time |
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It may be that we are waiting for an extinction event. That is what I mean by calamity. Perhaps the complete or near destruction of global financial system. In that case, people will be running for their lives. XMR could function as a lifeboat alongside precious metals, etc.
This is a large portion of my thinking about cryptocurrency. If you were around since 2011 as I was then you can appreciate the enormous shift in public confidence in the incumbent financial system. Crypto is surviving and even to an extent thriving despite a five-year trend in the fundamentals of perception that are hugely negative, but I don't really see a moon type event in any crypto without that trend reversing in a big way. I remember installing a bitcoin wallet shortly after the 2009 collapse when markets made their lows and rebounded. I started being interested in gold and was looking for new alternatives to fiat money and the current system. Too bad I didn't put much more interest in at that time little research project. Fast forward to now, when the stock market is about to create the biggest bubble ever - the subsequent bust will make people look for alternatives and this time Bitcoin will be ready. I think we still have time to make Monero ready as well. |
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