Lol I'm sorry.  Tend to be a debbie downer

I think the Monero price has more to do with the bitcoin price than anything.  Whales getting out of the market because they're concerned at seeing how it reacts to the Paypal / Circle news.  What should've served as Viagra did absolutely nothing creates downward pressure on people going from altcoin -> bitcoin -> fiat.

Just my .02.  I don't think an attack is priced in right now.

I 1000% agree with this.  Ethereum is doing this & it actually makes a lot of sense (to me).

The % of the coin in existence produced per month/year falls even though the coin output never changes.  Those who invest early only make money if adoption increases - the way it is now as long as adoption remains consistence you just need to get in early enough & soak up early coin production.

I think bitcoin will die for this reason (eventually).  No one is going to want to pay the transaction fees needed to support the network.

Guess we get the US exchange for the anon coin & the BCX exchange for the coin BCX tried to destory.

The irony is painful.

Ok - it is my opinion it would in the short term.  Much like Darkcoins price shot up after they limited their total coin supply, we are talking about increasing ours. 

The rational being "I hold 5000XMR.  This is 1/5 of a % of all XMR's that will be produced.  After doubling the eventual output my holdings will only be 1/10th.  They made me own less & increased the ceiling for future scarcity."

I do feel this move increases the likelyhood significantly of actual XMR adoption which is what we all want.  And if that happens the long term effects on price will be amazingly positive regardless of if there are 18 million or 36 million coins. 

To me Poloniex is a GREAT exchange - far better than Cryptsy.  But it's a US exchange.  Probably the nosiest government with the best eavesdropping technology available.  Not the ideal for the XMR audience.

BTC-e has the whales who wish to remain unkown & I'm convinced they are largely the reason litecoin grew the way it did.  It is an ecosystem of an exchange that wish to remain unkown with a large userbase that wishes to remain unkown.



Ah - thanks for the info.  I like their approach although it did always puzzle me why they never added doge & kept some of the dead coins.

The evidence is pretty damning

. BCX in trollbox posts a link to bitcointalk where he posts with his username "This is to confirm I'm BCX"
. BCX with same username says "I'm about to take poloniex down for 5 min in 5 min".  That happens.
. BCX username is banned from trollbox when poloniex comes back up.
. Another username claims to be BCX - tries to extort poloniex.  People start talking about how BCX committed an official US crime since poloniex is in Montana I think.
. BCX denies it.

Double the total coin supply.  Then change emission curve to something closer to BBR's emission curve?

I'd be on board with that.  Be ready for a price tank.

I'd classify ddos @ Poleniex as "input"  

No.  I'm like the people who want to know if a solution is safe from the NSA.  So I welcome the input from characters like BCX & TFM.

You are like ...

IMO begging like other coins beg will get us nowhere.  XMR seems to have a lot of connections.  If somebody knows somebody who knows the owners of the site (I believe they were interviewed by coindesk once).  Then perhaps setting up a meeting where some of the more senior people involved with the coin (NewLiberty, Risto, TacoTime, etc) just explained the strengths of cryptonote, the fair launch of XMR & explained what we're trying to do would get us closer. 

This might not be even close to possible.  I just think it's the only way XMR gets added to BTC-E anytime soon.

This is a little off topic.  But how can we expect bitcoin to stabilize when the paypal AND circle announcement did almost nothing & it continues it's decline?  I don't get it ... unless what we have a huge speculation bubble that is about to burst.

Almost everyone I know has now been exposed to bitcoin (and not by me).  I even saw a reference to it in Parks & Recreation the other day.  Maybe we are entering the adoption phase & exiting the "speculation on adoption" phase?

I agree with this.  

That perception of "community premine" is my biggest fear.  Especially without the GUI.  I would vote FOR turning my 1,000 Monero's into 500 if we could reduce the coin release schedule to avoid this AND being accused of driving our investments up.  

However that said I've never paid too much attention to dark or other coins that rocketed up but Monero has the longest period of being able to accumulate close to a fair price / average price of any coin I've seen.  I'm not sure if that makes sense ... but in my head I envision that 75 - 85% of the Monero's owned were accumulated between .025 & .045.  And this has been possible for months and months.  So there is some defense against the community premine in that price stability has been so consistent.

Also releasing more coins creates more supply even after the coins are released.  Not sure how to explain this either but there is much more danger of going down when there's 5,000,000 coins on the market vs 2,500,000.  

My thinking is starting to shift on all of this a little.  Monero has clearly stated their direction from the beginning (GUI, database, etc).  As more features are added the risk of them not meeting those expectations shrink THIS is what drives the price up on a GUI release IMO.  Also as time goes on more coins are dumped on the market.  There are only two factors. 

A.  How many coins will be available when.
B.  What will the demand of coins be available when.

More coins early is actually more dangerous for early investors as early adopters face the risk of buying in when demand outstrips supply & then supply catches up later (Vertcoin, Cryptonite).

The demand of coins (even bitcoin to a large degree) is fully limited to speculation not actual use.  So I think (could be wrong) that what speculators buy it when may have less to do with the actual adoption & use than it does with one group of speculators crying foul at another group of speculators.  Ironic part is the group of speculators crying foul will likely be the ones driving up the value of the group of speculators holding.

It's such a lose lose situation.  Do nothing, get accused of community premine.  Do something to slow down emission, get accused of only wanting to drive up the price of your investment.  

I really don't think you get what the idea of "security of money/blockchain" is all about.  It's not about ignoring threats - it's about pushing them as hard as possible and hoping there is a hole to find & fix.  

BCX - if you're more than a loadass of hot air and actually found something.  Thanks.  You did every Monero holder a favor by finding it sooner rather than leaving it to be discovered later.  

TFM - thanks for looking.  Some of your logic goes over my head, some of it comes across very much like the guy said upthread "My mom met my dad so the universe is amiss".  HOWEVER a second set of very interested, competent eyes from outside the project to probe for possible weaknesses is always appreciated.

You've both done us a service and I'm looking forward to seeing action on the blockchain, seeing what BCX can do.  Or seeing if he's full of hot air.  Either way - we move forward in getting closer to understanding a secure solution for anonymous financial transactions on the blockchain.  Both of you have contributed to this & Monero holders are in your debt.

Nekomata - Feel free to look at my post history.  I've sent 5% of my funds to the devs, I have a thread trying to fix the dev funding problem & I also have a high quality FUD thread.  

You might want to check out dogecoin.  I think it might be more up your alley.  

I am unsure how you wound up not on my ignore list.  But he isn't thread banned because

1 - This is not a moderated thread.

2 - It is not intended to shill for Monero.

3 - Discussion is open to anyone and the goal of TFM is not to make the public feel reassured against possible attacks.  Those are not his motivations & as someone who's interested in a secure coin these discussions bother me absolutely not at all.

4 - Your insecurity about Monero's security being discussed in public is pathetic.

5 - This public discussion, BCX and TFM probing for weaknesses (although I get it - I agree that he shakes lots of sticks at possibilities ... kinda along the lines of "my mom met my dad - that was a 1 in 2 billion chance so something is wrong with the universe).  BOTH of them do more good for Monero than constant meaningless shilling does (IE YOU).

I'm going to go out on a limb here and say both Risto and BCX are functioning in their proper roles.  Risto is arrogant to the point of predicting the technical likelyhood of something he doesn't understand in a typical buericratic way.  BCX is the joker personality type that will always exist.  These personalty types play out again and again.  Anonymous vs Scientology, etc.

The only thing that matters is "can the coin survive whatever attack BCX has planned"

Both his willingness to puff up like a puffer fish and Risto trying to calm investor fears with dismissal coated in his "analysis" really are not the crux of the issue.  I don't get why people have a problem with BCX or care if other people think Risto pervoked him.

This scenario will play out as long as there is top down trying to lead the sheep (risto) and joker personality types who get their rocks off showing how "weak" the system & both are interacting with each other over the world wide web.  

Maybe risto provoked him?  Maybe he didn't?   Who cares?   BCX is doing nothing wrong and neither is rpetilia.

By your logic "it's not secure, it will eventually be cracked" then private/public keys are in the same boat, no?  

Yep.  I misread.   

But just five posts up he says he's still attacking?   I mean if we are guessing that he called it off for certain reasons and make the assumption that our guesses are more accurate than his stated intentions within the last few hours isn't that a little insane?

Having a tough time figuring out what you're saying.  Fear or greed can be good or bad (if that's how you want to look at it).  Fear kept people from making fortunes with bitcoin.  Greed made people lose fortunes.  Depending on timing and a lot of other stuff.

I was just replying to the person who was implying fear was chasing away noobs.   Of course greed and fear are two NATURAL sides of the coin (no pun intended)

My point I guess was just that greed and fear are two opposite emotions in the investment/gambling arena.

I agree with your other stuff about generosity vs greed & fear of missing life experiences vs fear of dying.  Just not sure those are as applicable as investing/gambling