Is anyone willing to sell me a small amount of monero? Maybe like 20-ish?
Why not use an exchange? Because I'm only registered to 1 for altcoins and 1 for Bitcoin. Registering then transferring the BTC there, buying monero transferring it back is just too much work wasted for a small amount. You have to work at it to learn, and to get anything out.Try some new exchanges: you will discover useful information. I started on altcoins 18 months ago, worked at it,and made nothing for a while. Now it is different. By now, I am now registered on 26 exchanges, and own 75 different coins. |
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Monero price is not cheap even now, but it will not stay this cheap for long Why i have a bad feeling of a trap? And what do you mean "not stay this cheap for long?". Do you confirm the fact the price is low or you mean that it will be cheaper? I had trouble understanding this too. Maybe its a typo? If not, I think what Risto means is that XMR is not cheap short term as there are still some sell pressure that can keep going for about 10 days; but it is cheap long term as the deficit is growing super-exponentially. Otherwise, great post risto! thanks a lot! Great post indeed... I dont think it was a typo, for me XMR price is fair right now because there is little real, tangible utility like with Bitcoin where you directly buy goods and services, but because the way XMR block reward is permanently decreasing and exponentially more people are coming to XMR, the power of the small speculators that are driving the price low right now in the hope of re-buying even lower later is diminishing so quickly most wont be able to rebuy and will have to re-enter at losses.
1. Monero's adoption is currently 275 newcomers per day (2.2% increase per day).
I think your numbers are way off based on https://bitcointalk.org/index.php?topic=583449.msg7822527;topicseen#msg7822527 : | 13.7 | 10.8 | Remark | | Reddit Subscribers | 512 | 600 | Last week only ~15 new users | | People on IRC | 150+ | 157 | all time high 180 | | Forum topic pages | 497 | 590 | | | Volume in BTC (today) | 90 | 92 | Poloniex |
From this numbers I can only see only 20% increase in new users in last month - less than 0.7% increase per day meaning your numbers are 70% off. Number of transaction is one more indicator that shows stagnation. Trend is not in a high acceleration mode and based this numbers I think we are going to slowly grind lower to the next support 0.0025-0.003 or stay in this area 0.003-0.004 for some time until lower daily inflation create shortages or adoption accelerates (marketing). lmao, these social numbers mean nothing, if they meant doge would have surpassed LTC by now, but no, its dead. The numbers used in rpietila analysis are based on real metrics by the monero team, detailed in the last Missive, and they were very conservative before. Metrics actually are only relevant for their time. A small change in sentiment (within even 1 day) can overwhelm any amount of demand. If buyers turn to sellers (for any unpredictable reasons, but not predicting that they will) the pressure will be immediately negative. This has happened many times to the most promising cryptos, so just saying, it is always wise to follow current developments. |
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Viacoin needs a better paperwallet: just a little recompile really. The current one has a lengthy process of randomisation before opening, and is only opening client side (offline) using the 'index.html'.
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Here is a poll on another thread.
What anonymous coin will succeed?
Anoncoin [ANC] - 10 (1.6%)
Darkcoin [DRK] - 136 (22.3%)
Fedoracoin [TIPS] - 4 (0.7%)
Other - 11 (1.8%)
Bytecoin [BCN] - 9 (1.5%)
Zerocash - 4 (0.7%)
Monero [XMR] - 67 (11%)
HoneyPenny [HP] - 1 (0.2%)
Libertycoin [XLB] - 2 (0.3%)
Quazarcoin [QCN] - 0 (0%)
Fantomcoin [FCN] - 0 (0%)
Pinkcoin [PC] - 2 (0.3%)
Cryptcoin [CRYPT] - 18 (3%)
Orangecoin [OC] - 0 (0%)
Cinnicoin [CINNI] - 3 (0.5%)
Vericoin [VRC] - 10 (1.6%)
BitcoinDark [BTCD] - 15 (2.5%)
Cloakcoin [CLOAK] - 111 (18.2%)
XC [XC] - 64 (10.5%)
VootCoin [VOOT] - 27 (4.4%)
Vertcoin [VTC] - 20 (3.3%)
Supercoin [SUPERCOIN] - 4 (0.7%)
Credits [CRD] - 2 (0.3%)
MammothCoin [MAMM] - 3 (0.5%)
Boolberycoin [BBR] - 5 (0.8%)
Aerocoin [AERO] - 7 (1.1%)
Stealthcoin [XST] - 24 (3.9%)
Synccoin [SYNC] - 1 (0.2%)
Incognitocoin [IGC] - 12 (2%)
Keycoin [KEY] - 14 (2.3%)
Lockcoin [LOCK] - 13 (2.1%)
Boomcoin [BOOM] - 10 (1.6%)
There are several new anonymous coins coming every week now. Soon it will be several a day.
Here is a summary of the argument I have been trying to make one last time. Then I will terminate the luigi persona and try to be polite under a different username.
Imagine two coins and decide which is likely to succeed.
Anoncoin 1. The current anoncoin. Tries to emphasize a superior anonymity protocol, as many coins do. Tries to take a conservative approach, not ruffle feathers, as most coins do. Aside from working with monero in a mainstream political way there is nothing at this point that distinguishes anoncoin from any other coin except its history.
Anoncoin 2. A coin that takes aggressive political stances and overtly intends to be used for political purposes. Goes after markets in countries with tight financial restrictions. Top priority is to be used globally in any language, culture etc, rather than seeming to focus on people who hide money for criminal or comfort reasons or most of the other reasons Americans and Europeans most commonly might use an anonymous currency for. Primary focus is financial ethics with no regard or respect for national laws that contradict its goals.
Only one of those two coins would succeed. Anoncoin right now, with no real goals beyond making some money for its holders, is doing exactly the same thing as a hundred other coins. It is digital mediocrity like most coins.
Turning it into a successful coin that will survive only requires the devs and other visible people to decide thats the path the coin will take. Logistics, e.g. "how do you target x country with anoncoin", will be much more easily solved than " how do you beat darkcoin or whatevercoin in the race to a more marketable algorhythm".
Fair summary, thanks. It is another competition in the same way that many crypto features have been. Call it an Arms Race, or a Beauty Parade, but it is not a simple matter to predict the winner. |
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What, in your opinion, would be the significance of that ? |
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Just to confirm, QT wallet is now synching and working well for me on Windows .
I use both 32 and 64 bit systems, because some coins are now only offering 64 bit binaries. That is a curious thing to do because 64 bit would not be back-compatible.
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Please dont feed the trolls  Look carefully at his typos Yes, I realise that (but not really a troll in the disruptive sense) : the reply is a way of disseminating information. |
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so many over night rich kids around. What viacon have beside being fast?
Nothing. or something. Read the OP. There are 10m units right now, and 92M will be mined. Scrypt. VIA is not for speculation on currency price, but for building services on it's blockchain. |
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VIACOIN will hit at least 100k sat.
Not anytime soon. Too many jumping onboard now, creates a speculation which always hurts price in the end. If you are a long term investor in VIA, better hope that the price does not rise fast. |
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there was a 5620 XMR dumped on bittrex right down to .003 this morning
I have bought some when the value was about .0045, do you think it will recover or I should sell now and take the loss? I'm not sure, I'm not selling, but it is disappointing to see a strong coin like Monero fall like this. What does it say? That the market is not interested in strong coins at all? But the market is more interested in fluff? It seems the folly of man is going to be our downside, not any issue with Monero itself. Dark times. In the whole history of Cryptocurrencies that has in fact been the same. Prices and markets are always driven by short term profit, that is to say the real weight of money is looking for that. 'Investment' in true value and utility is a much longer game, much smaller capital, and it often suffers from the ebbs and flows of profiteers. It has always been thus with stocks, commodities etc.. Without the markets, new ideas would not be funded : price paid. |
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uuuh, lady super gaga ? creepy happy morning   Lady Ghastly is not the best image ! |
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The new OP idea is good, but the English could use a little improvement, and a presentational lift.
Suggestion:
Main title, strapline.
SoD System of Decentralization ... a trustless form of Anonymity
First line of OP
'This is a legendary crypto currency. This is SUPER Coin. We are first one in its kind.
Phase 2 truly trustless system, and this is the first one'
change to
SUPER coin is a landmark crypto currency. The first one of its kind.
In Phase 2 of the development , a truly trustless anonymous payment system is introduced.
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Risto I think you missed the point. Botnets have an order-of-magnitude or more lower costs, thus this lower cost basis means they can sell at lower prices, thus they drive the price of the coin down if they are too much of the float (which I theorize could impact the exponential share of the distribution and growth curve).
While the debasement rates are high, the price of the coin is modulated significantly by the cost of mining.
Thus for two reasons botnets are not a problem in the long-term, but they can destroyhurt a coin early on (when the long-term growth curve is being established and perhaps set in stone).
1. The difficulty eventually rises such that either the demand for botnets drives their prices up to parity with rented hardware or botnets fade as a significant % of the hashrate.
2. Debasement rates slow so the price of the coin is less modulated by the cost of mining.
I think you can also add 3. Because of the rising difficulty, an increasing fraction of the people who want to acquire XMR and were mining so far to that purpose now will buy instead. So, the selling pressure created by botnets is one thing. On the other side of the coin (pun intended), also buying pressure should build up. Economically, the only reason that these two effects do not perfectly neutralize each other is that they do not happen at the same time. That's how I see it, from an economical perspective at least. Hard to figure out the psychological effects, though. It is not easy to separate interactive factors, and consider pairs of variables in isolation. The 3 body/4 body problem (per Newtonian physics) comes into play. In altcoin economics there are additional overlays relating to distribution stages (critical mass stepchanges) and reflexivity (effect of participants views and bias). All these make prediction an art rather than a science ! |
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What people don't understand is that the total number of coins is actually irreverent. (except when its unlimited)
It doesn't matter if there are 10 coins or 10 billion coins. What really matter is the PERCENTAGE of coins you own relative to everyone else. If there's only 10 coins but I own 1 coin, I'd own 10% of the entire supply. If there are 10 billion coins but I own 10 million coins, then I'd only have 0.1% of the entire supply. The number of coins is nothing but a shift in the decimal place, but don't really affect what's really important, and that is the relative amount you own as a percentage of the total supply.
Yes, but this has to be made more obvious to 95% of the crypto community because everyone is looking for short term PoW coins to pump and dump. That is good for XCN then. Offputting to the speculators, as designed. |
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You should make the coin distribution more clear to understand. Most people seem to think that all 1.8billion coins will exist in the next couple weeks or so when that is not true.
That would be their error in not reading properly. |
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Reduce the amount of coins or this will end up like Dogecoin.
Like Dogecoin : so price will go up 100x more to be equal to Dogecoin marketcap ? |
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The only issue here is inflation.
Stop or massively slow the mining.
No coin's value can withstand PoW inflation.
The lesson has been learned in every coin to date that is PoW.
The only coin that has come close to resisting it is Bitcoin. And even BTC struggles with it daily.
The day everyone gets this inescapable truth will be a good day.
Disagree. Increase PoW inflation. Coins without inflation die from lack of distribution and interest. |
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what about change the total coins? 1 billion really too much You're an idiot. It does not matter where you put the decimal point. well the ppl care about inflation is a idoit? what level of brain damage you are? maybe we can discuss this problem of inflation Inflation is not a problem. It is a fact, and a way to gain an edge in disribution. I am strongly in favour of inflation (in the early years of a coin) |
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what about change the total coins? 1 billion really too much You're an idiot. It does not matter where you put the decimal point. well the ppl care about inflation is a idoit? what level of brain damage you are? maybe we can discuss this problem of inflation what about change the total coins? 1 billion really too much You're an idiot. It does not matter where you put the decimal point. well the ppl care about inflation is a idoit? what level of brain damage you are? 1 - You cannot change the final amount of coins after the social contract for a coin has been set in place. Once a coin is released that will mint X amount of coins then the wheels are set in motion, this is a basic principle that even Satoshi talked about. If the creator of this coin then changed the final amount of coins or changed the inflation amount after the coin has been released, they are effectively creating a premine. A premine is bad, it'll kill all legitimacy for this coin. 2 - If you don't like the inflation rate, please fork this coin and release it under a new name. 3 - The creator specifically wanted high inflation for a fairer long term useage. You're currently asking for something that is against one of the primary purposes of this coin. You need to research about what a coin's creator intended in their coin before complaining about one of its primary objectives. +1 XCN is what it is. The whole concept has been considered by the developers, buyers and miners make their choices. |
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