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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: September 04, 2014, 10:44:52 PM
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Looks like some folks just got a lot of cheap Monero!
It was dropping yesterday before this incident, so they've not really got a lot of cheap Monero. More like panic bought a lot of Monero. Was dumped to +- 0.00375 and went straight up again, I think he meant that  Yep. Panic dumping out of fear is ALWAYS a bad idea. I watched it happen with BTC on the March 2013 hard fork, the SR crash, and all of the mini panics when Gox was freezing up all the time. This is reminiscent of those times. Yeah, those that panic sold BTC at $500-1300 must be kicking themselves. There is a clear difference between this (where the issue was solved) and when the BTC Bubble popped (actually bad news). Actually I think this attack did more good to monero than bad, some external consultants were hired to resolve the issue and look at the code. Probably more bad or sloppy code was found which can be fixed now. A difference which you have not explained. |
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: September 04, 2014, 10:40:52 PM
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Looks like some folks just got a lot of cheap Monero!
It was dropping yesterday before this incident, so they've not really got a lot of cheap Monero. More like panic bought a lot of Monero. Was dumped to +- 0.00375 and went straight up again, I think he meant that Yep. Panic dumping out of fear is ALWAYS a bad idea. I watched it happen with BTC on the March 2013 hard fork, the SR crash, and all of the mini panics when Gox was freezing up all the time. This is reminiscent of those times. Yeah, those that panic sold BTC at $500-1300 must be kicking themselves. |
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203
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Alternate cryptocurrencies / Altcoin Discussion / Re: Anonymous coins
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on: September 04, 2014, 10:37:41 PM
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You don't understand, you can't make your own road. The road has been paved already, and not by you. All you are doing is looking for where you can get an advantage from pre-existing infrastructures. Fair enough, but let's not get carried away about how independent we are.
So how do you explain this 800m road in my village (well not really, but outside the city borders) that was paid by my parents a few years ago? What nonsense are you spitting out, I can do whatever I want. Also don't you love having to buy all hospital supplies when you have to be treated? So much about using stuff. I'm not from America. Why is this so difficult to understand? Unless you live under a state of nature, the state (and its people) provide the means for survival. It might not be pretty or fair or nice, but the ones that get ahead usually do so because they are able to play the game within the limited contours available, whether legally or illegally. Your parents did not build a road out of nothing or because they are so brilliant or fantastic or clever. They used their advantages and got the job done. Your last sentence makes no sense at all. But if it amuses you, I'm also not from America. |
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205
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Alternate cryptocurrencies / Altcoin Discussion / Re: Anonymous coins
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on: September 04, 2014, 09:19:19 PM
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I've anonymized so much money here, that I'm not sure if I'll get taxed at all.  Is that really true? I doubt it. But if it is, I'm not sure tax avoidance is something to boast about. Next time you need the taxpayers money, like when you take advantage of roads, public buildings, the police, the military, peace, safety, modern infrastructure and communications, and on and on, I hope you feel great about your freeloading. I will always boast about this? Why? Because I can. This country is shit. The politicians are draining it, while people barely have food to survive. I don't give a fuck. I'll make my own road using Bitcoin. Hopefully one day I'll avoid taxes completely. You don't understand, you can't make your own road. The road has been paved already, and not by you. All you are doing is looking for where you can get an advantage from pre-existing infrastructures. Fair enough, but let's not get carried away about how independent we are. |
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206
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Alternate cryptocurrencies / Altcoin Discussion / Re: Darkcoin - Will it rise again?
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on: September 04, 2014, 09:11:34 PM
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All the alts go down with the BTC price. What really gives a coin value beyond pure speculation, is utility. If a coin can be used to actually buy goods and services, this gives it value. I just noticed Zeus miner accepts payments in Dark now. that's pretty cool.
This is relatively new, many used to go up when BTC went down. It all changed after the Karpeles pump (plus the addition of about 1000 alts). I've noticed that Goldcoin seems to go up when LTC goes down, and down when LTC goes up. But the volume is small, and the market is Bot-infested. |
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207
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Alternate cryptocurrencies / Altcoin Discussion / Re: Anonymous coins
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on: September 04, 2014, 09:05:59 PM
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I've anonymized so much money here, that I'm not sure if I'll get taxed at all. Is that really true? I doubt it. But if it is, I'm not sure tax avoidance is something to boast about. Next time you need the taxpayers money, like when you take advantage of roads, public buildings, the police, the military, peace, safety, modern infrastructure and communications, and on and on, I hope you feel great about your freeloading. |
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208
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Alternate cryptocurrencies / Altcoin Discussion / Re: [RIP] Altcoins - "It was a thing"
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on: September 02, 2014, 10:52:17 PM
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The whole cryptoscene has been a farce since BTC went on its first pump and then dump, then accounts got hacked, people began to treat it as a commodity, criminal activity ensued, a handful of people controlled the exchange rate, exchanges shamelessly pumped the coin themselves.
There is no dignity in BTC, it is an Albanian Pyramid Scheme, and the little alts in comparison are nowhere near its league in promoting horrible behaviour and greed.
BTC is John Steinbeck's "Pearl" so watch you don't get your head blown off!
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209
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Alternate cryptocurrencies / Altcoin Discussion / Re: How Average Joe Thinks about Bitcoin and Altcoins
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on: September 01, 2014, 10:48:11 PM
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This has to be the most stupid thread I've ever read in my life
People said the same when BTC hit $10, then $50, then $100, then $200, then $500, then $750, then $1000, then $1400
Don't like Bitcoin? Good, don't accept it. More market share percentage for me
Market share of something the market does not want? That's not really a plus. |
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211
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: September 01, 2014, 09:49:56 PM
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4) Zerocash, should it ever be released, would Only offer anonymous transactions(Yes, that's pretty much a bad thing, since even private companies need to keep a record of their transactions etc, Ring Signature(Monero) allows both anonymous sending and regular sending, while Zerocash doesn't which means it likely won't be used by any legitimate companies/institutions)
I seriously doubt anyone in the black market cares about being able to prove a transaction took place, in fact I think they would rather the opposite. You and I know the importance of financial privacy and the bad things that can happen by practicing bad financial privacy methods, but most people are oblivious to this. The sheeple of this world that are still using FIAT, and even a lot of Bitcoin users, are oblivious to the importance of financial privacy. Therefore, it narrows the population of possible Monero adopters to the small group of people that understand the value of financial privacy and the black market. The black market is a much bigger and valuable subgroup, and more people within it will be adopting an anonymous cryptocurrency rather than the general public. I also think it's silly to think that Monero will be used in a large way by "legit companies/institutions." That space is reserved to Bitcoin for the time being. For that to change, Monero would have to achieve greater liquidity and popularity than Bitcoin. I just don't see that happening... ever... because Monero doesn't provide enough of a benefit over Bitcoin for everyone to switch over. The same goes with Zerocoin, Anoncoin, or Darkcoin. Anonymous cryptocurrencys will not overtake Bitcoin for the simple fact they are more anonymous, it will take much more than that. I think it is possible that another cryptocurrency eventually surpasses Bitcoin, but Monero is not that cryptocurrency. Simply making transactions more anonymous is not a big enough innovation to overcome the infrastructure and network effect of a crypto currency like Bitcoin. It will require better anonymity couple with many other features and/or improvements to do this. There are private transactions, anonymous transactions and plausibly deniable transactions - each coming with tradeoffs. I could see situations where legit and illegit companies/persons would want to conduct private transactions but not necessarily anonymous nor impossible to prove transactions. Organized criminal enterprises, high net worth individuals, intelligence assets (spies), etc all have reasons to want to prevent transactions from being discernible to outsiders but might want to be able to prove they made or received payments to certain 3rd parties. Even mobsters have accountants. It's reasonable the feature set Monero offers could be superior to the one proposed by Zerocoin, under a broader set of circumstances. Ask yourself this. Would someone looking to replace a swiss numbered bank account chosen for tax avoidance likely use a tool that will only be perceived useful to criminals or one that has broader purposes? I posit that Monero would be more palatable. Or they could just buy bitcoin instead in the knowledge that it is very easy to make it disappear and reappear at time and place of your choosing |
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214
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Alternate cryptocurrencies / Altcoin Discussion / Re: Best Alt coin to invest in 2014
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on: September 01, 2014, 12:15:40 AM
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History repeating itself, but we're past the DGC and XPM era.
Only LTC stands a chance.
except .....
the corporate coin could appear and be a success.
Stellar is trying for that market, but I think it will fail. The team is not really appealing to your average venture capitalist.
Ripple got it so wrong after a brilliant start. But don't rule it out, it's standing its ground, and no doubt learning from its mistakes.
Otherwise, hold your alts for 15 minutes, and sell.
And beware of flavour of he month coins.
I'd invest 10 BTC in Goldcoin at slightly less than the current price rather than put the same in whatever X is in vogue.
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216
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: August 31, 2014, 11:33:10 PM
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rikkejohn, the fact that XMR is mentioned in Bitcoin bullbear report is big, they do never write about altcoins except LTC. They have had that premium trading magazine for a couple of years now
It's not big, it is a report (I guess), and given the noise made lately and the volume traded at Poloniex maybe a mention was worthwhile. It proves nothing about the future. Seriously: Does the sideways trading not worry you? I've been involved with alts for a long time, so I know when a coin is having its price held up, and pushed up. Now that doesn't mean we have hit the peak, we could go another 50% or more. But there is a peak on this, and I suspect from that point there will be a massive tumble. I wouldn't touch Monero with a barge pole. It is on such thin ground, and a few movers pulling out of the market cap game will see it nosedive. You'll see I'm right, eventually. But if you are genuine I hope you win on this. |
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217
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Economy / Trading Discussion / Re: Buying btc online with creit or debit cards
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on: August 31, 2014, 11:16:34 PM
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Bank transfer is safer. I get mine within 2 working days, usually the same day. If I could be bothered going to a branch of the trader's bank, I would get the same day.
Have a look at what the competition is in your region, and see if you can beat it.
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218
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation
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on: August 31, 2014, 10:25:01 PM
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You know that XMR is doing great when
... It holds up during BTC crashes
... It gets bought up as quickly as condoms do in Thailand
... It gets mentioned in Bitcoin bullbear report
... It have no unofficial official GUI
... It passes USD all time high marked cap again
... It is destined to be used for Open Bazaar
Well all of those points are kind of lame. ... many coins hold up during BTC crashes, especially if sponsored by Polonix et al ... It doesn't ... and the sideways trading suggests Feathercoin tactics ... Okay, well .... erm ... It does, I made one on my Commodore 64 ... Feathercoin again ... haha |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Unveiling the truth over the major Monero scam
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on: August 31, 2014, 08:58:18 PM
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Literally nothing in the OP is evidence of Monero being a scam. Every coin is hyped. The fact that Monero has more supporters than some other coins is not evidence of a scam, it's evidence of a project that is growing organically. Having whales is now an offense? Come out with some arguments that aren't utter tripe.
You may be a rocket scientist, but your use of logic is not very good. P. Every coin is hyped (wrong) P. The fact that Monero has more supporters than some other coins is not evidence of a scam (no factual evidence) C. it's evidence of a project that is growing organically (even if 2 was true, 3 does not follow) Tut! |
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