Gold and BTC are preparing (within next several months) to dump down to a final capitulation low some 20% or more lower.

I have been and remain a seller until next year.

holy shit i was suprised today how fast block reward is going down. soon under 10 xmr per block  
found a block on my desktop. my first impression was this has to be a trx, since its too small to be a block reward.
everything we need for the perfect storm

But, despite the decline in price, adoption has actually been increasing drastically, compared to previous years, and possibly thanks to things like BitPay and Coinbase, which are reinforcing network effects. Many believe that the decline in price is actually precisely due to increased adoption and increased use of bitcoin that used to be hoarded, but is now spent more easily and frequently, with the end result of more of it being dumped on the market. It doesn't seem like it will be hitting $150, either, though we still have two more months to go.

So, it looks as if your adoption prediction was wrong, and price prediction is in the right trend, but may still be missed exactly, but with the reason behind the price decline being wrong too.

I might add. It is about power, not about money. The world is abundant with resources currently, it can be proven by observing that 90% of people in western countries do not do useful work, rather all they do is connected to generating money to pay taxes, and the taxes in turn pay the jobs that do not exist to produce anything, except more suffocating control and making it even more difficult for the minuscule minority to live and produce.

There is no need to collect taxes, if there was no need to enslave people in the system. When you pay taxes next time, remember that none of it (in general) is used in anything else but to enslave you even more with the system. If all taxes would be abolished, the people would do just fine. The production of useful goods would not suffer. Only all the jobs that only exist to systematize human life would disappear since no one would even consider paying for them from his own pocket.

No it was not always like this. This is the endgame. Most of the degradation has happened in the last 50 years, and the last 25 years have already brought great advances, but also shown the totality of the dystopy that the self-proclaimed "elite" will want to force on us. In my understanding, we are about to enter in the millennial kingdom, and the evil enslavement plans will suffer loss.

Personally what puzzles me the most, is how it's only so tiny percentage of people who get it. It's just sad to see them in the law courts judging me for non-compliance with the enslavement, and nothing at all they understand what is going on. Christians, at minimum, should realize that compliance with the enemy is not ok. And with adequate revelation, this does force some changes in your life (to the better, ofc )

Fun facts: Netflix (NFLX) shed more than the entire market cap of bitcoin yesterday

When you think about it, Bitcoin is a real threat for economy in a given society, when the value goes up that fast ( as you claim it will) many people will be leaving their daily productive jobs.... and when thinking about mass adoption I start thinking about a bunch of greedy lazy bastards.... this surely will result to the collapse of that society.


Thankfully, after being home for 7 months now, I started looking for a job.

MEW - Monero Economy Workgroup communication

A taskforce is set up to address the issue of a possible "BCX exploit", and an ultimatum by BCX to find and fix it in 72 hours lest a serious attack is launched upon Monero.

The taskforce consists of several Monero developers, AnonyMint, CZ, jl777 and me.

There are differing opinions in the taskforce concerning the severity of the threat. No coinkiller is yet found and several avenues are probed. The members who have technical competence are talking about their views themselves.

Regardless of the outcome in the technical side, this is a serious economic attack on Monero - about 15% of the pre-ultimatum value is lost, and there is a great information asymmetry plaguing traders currently. It is notable that nobody has offered to borrow XMR for shorting (which I could provide against full guarantee deposit of BTC). Neither has anyone bought the PUT options. This means that the downside speculation has so far been limited to selling out from a trader's own stash. An economically motivated player who knows for sure about a lethal attack might decide to take leverage for personal gain.

I believe that the Monero devs are up to their task and can mitigate the potential exploit, and fix the code in preparation of the announced attack. I further believe that Monero will rise even stronger. Since I am not in possession of any knowledge that indicates that a realistic attack could take place, I can only estimate the probability that it exists unnoticed, and my estimate is 4-8%.

The MEW will be inaugurated on Tuesday, and also the devteam has important announcements (not related to the attack). Provided that our coin still exists, I am sure we have a great future ahead of us as a community with these new methods of organizing our activities for the mutual benefit.

I have gotten paid 0 dollars for the hundreds of hours of work I've put into this coin, so I really don't have any obligation to anyone to do anything. I'm here because I like the work and the coin.

How do you get that? There's been a claim with virtually no details, that we can neither refute or accept. So what are we meant to fix, exactly?

Would you prefer it if I feverishly read through every line of code in an abject panic?

Until BCX either provides some more technical details, or he just carries out his attack in 2 days time, we don't know *if* there is an exploit, what its nature is, or where to even start looking. So we carry on as normal, investing plenty of time in Monero, without needlessly panicking, because if we panic we will accomplish nothing.

And the hashrate just keeps going like crazy

IMO we still haven't met litcoin target and although bitcoin is lagging now litecoin's recent strength, the next litecoin push down should drag bitcoin down heavily until we see strong buyers.