If they are being used to provide liquidity in emerging markets then they are not just being sold. There will likely be another $20mm invested on the other side to support the market as well. Lets not forget as well who Tim Draper is, he could lose those 30k BTC tommorow and laugh it off so were not going to see a quick arb or a panic sell.

If he manages to set up markets where at the moment it is difficult, although not impossible, to buy then that can only ever be a good thing.

It is however naive to suggest that all markets that may be interested in buying or using BTC at the moment can already do so with minimal hassle.

Fantastic post Risto and some really good points made, also possibly one of the best attempts Ive seen to quantify the support of an alt.

I particularly like the point about how often devs and other so called large holders of an alt don't have the BTC to back up their holdings and thus you end up in an uncontrollable downward spiral.

One point I would question is what makes you say you cant sufficiently support 10 alts? I agree that by holding 1 the conclusion is that you have a very strong support for that alt but with a decent BTC stash, at least financially 10 alts could be supported. I agree it is impossible to  divide your time in terms of dev and support to that many alts. Lets not forget there have been many opportunities since XMR markets opened to gain .1% for roughly 30 BTC and with other alts if you catch them early, a much higher % than that.

Other than that though I think your closest Ive seen to being able to gauge real alt support.

I thought the situation was that bidders would be notified and then anyone is free to make an FOI request and there aren't many exemptions that I can see that would stop at least the sale price being revealed.

Claymore is an issue yes but even if half the coins being mined are being done so with his miner (which I doubt) its still only 560ish coins a day or 2 BTC ish. Hardly market moving. This is just noobs selling and whales accumulating.

aint that the truth. Puzzles me why they removed that, when I first joined the glowing ignores really helped me not take advice from trolls and also to not quote them either. Now it seems I spend half my time reading quotes from people I have on ignore for a reason.

David, I think its imperative that some better help channels are set up, I personally believed that it was all quite straight forward and well documented although I will admit I haven't read through the documentation myself.

 It is a surprise to me that people are struggling in this way. There are plenty of people who would work on a helpline, myself included, that aren't part of the core dev team but can certainly handle the majority of questions. Particularly if its an extension of the help we already provide on IRC. I don't believe it would be particularly difficult to set up some sort of help methods and more so if Risto is offering to be a test of whatever methods the dev team find appropriate.

You must be new here, some of us were buying at 0.0003, wish it would go as low as Ive seen it again Infact my mining costs at the beginning were way way lower than that.



Most of the people who can help find it very hard to sift through a thread such as this and a conversation in a forum style is very hard to be both quick and legible. Anyone who needs any additional help can always come over to IRC. Myself and many others are more than happy to answer any questions in there and indeed many do pop in, ask a quick question and leave again. Its by far a better system than trawling through an ann thread.

Time to get rid of that pesky mac

Thats great for you, congratulations, that doesn't help anyone who didn't though does it...

Oh and please don't say "ah well you should have done it" as there will be plenty who didn't and it also doesn't solve the inherent issue, its not a big deal, all it takes is putting a post count alongside the members list, would take two seconds.

No easier than it has been for people to churn out BTC and scrypt clones. Real development is needed to attract serious investors and some copy paste kids won't change that.

This is going to make it incredibly hard when it comes to claiming on the 17th as no one is going to know how many posts they have made unless they enrolled on the 17 exactly. Stunna, you should probably update the members list with a starting post count or a post count at the point of the last claim as its impossible to know what you starting count was.

Is there a way to see how many post you had when you enrolled for the purpose of your own record keeping? Without a starting post anymore and the PM's to see how many post you've claimed for before it is hard to keep a personal track of your post count.

Perhaps, by all means wait and see but like most things in the crypto world those who panic last get burned just like the people who panic bought up at around .009 + when it was obviously going to correct. My advice would be to get any BTC you were going to invest and just invest 10-15% and wait and see if your worried about being burnt. One of the best things about XMR at the moment is that the inflation means that big run ups are often bought back into line fairly quickly and thus you wont get left too far behind before there's another chance to get on the train.

LOL a programmer who needs needs a GUI. A programmer who also believes that people were *blessed* with a different copy of the same binaries. No body will help you while you call everyone an ass hole, the wallet (which the vast majority have got on with) shit and refuse to read the people replies who have helped you.

 Ill quote it for you as you decided to ignore the response "Monero is actually zero-configuration coin, no peers or seends or any other parameters you need to fine tuning "

Ill even help you out a bit more as I cant deal with your screaming in this thread. Come to IRC channel #monero. Ask in there as thats where the devs spend most their time and we can help you with technical problems without you calling everything shit because you cant get it to work.

It seems a wise investment decision to at least throw a few % at Monero, its by far the most interesting crypto Ive seen in a while. The prices right now are almost hilariously undervalued and Im taking this opportunity to buy more at prices that wont be visited again.

Just look at the net hash and difficulty, both are still climbing, this is like the coiled spring you see after any crypto has a big run up. Wont take much for the price to rocket and sellers at this price to be caught with their pants down.

Wow you need to chill dude, just because you cant use a simple command line interface doesnt make the wallet half assed at all. It means you need to spend two seconds learning how to use it. I was going to help you but with that attitude and the fact you want to mine directly to an exchange means its not really worth anyones while. Come back, ask direct questions and act like you need help rather than deserve it and people will be more accommodating.

Gee, whatever happened to quality sportsmanship where teams and players won by being better than the others at the game they're playing. The ref has a hard enough job as it is without all these ametuer dramatics. The fact that people genuinely think that diving and feigning injury is part of the game it doesn't surprise me how shit the game is getting. If it was genuinely a part of the game how come you didn't see it 10, 15, 20 + years ago? Its not a part of the game, its part of the 'modern game' which is a laughable.

Of course the ref shouldn't stop the game but with health and safety and all that jazz the same player who was happy to fall over like a fairy to 'trick' the ref will be the same one balling his eyes out and suing for not receiving prompt medical treatment if he was genuinely hurt. Just a bunch of overpaid wimps kicking a ball around and going down like they've been snipered at every opportunity. Take a leaf out of Rugbys book...

You Dutch by any chance ?  

I think even most hardcore fans have had enough of it now, it gets worse year on year to the point where your whole tournament can hinge on an opposition players best impression of being shot at point blank range with a sawn off.

The amount of time spent rolling on the floor and the amount of people diving and then just apologizing in the press like its nothing in appalling.

Cheers for collecting those quotes. As I expected it seems that most the winning bids were at or above rough market price at the time of bidding, is there anyone here who seriously thought that they would go for significantly lower? Well, other than Mr Waters?

The amount of coins sold are but a drop in the ocean but the amount of bidders, bearing in mind this was pretty much a US only auction is nothing but encouraging. Onward we go...

Agree but thing is with TERA, while she is indeed a good trader you cant help but think bullshit every time a movement happens and she claims to be on the right side of it despite being super the other way 5 mins before. Funny you mention the other one, he actually predicted $650 1st of July, scarily accurate.