Back to being Moonero guys  With the way the block reward decreases and good news like this there will be a struggle for everyone to get the number of coins they want. |
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Finally something that everyone can use. Its a shame about the view key but that wont matter too much to most people who this wallet will help out.
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Stamp is officially flipping out. Who knows whats going on over there.
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I dont understand, why would he sell his coins like this? Market dump 1.2k then put up wall to keep it down? Doesn't make any sense
It's the same group of people who just keep dumping. Over and over and over again. Month after month. Their daily task is making sure Bitcoin goes down. It's their job. If we go up they dump in full force and put up a few walls to scare away the new buyers. And as you can see from the last 5 uptrends that got killed them their tactic works. Where do these people you speak of get their coins from then? Gotta buy em at some point... |
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I did wonder why Jorge hasn't been posting here as much as usual, but then I found his Reddit profile - looks like he's too busy educating the heathens over at /r/bitcoin and hanging out with pals at /r/buttcoin  Wow, thats a lot of posts. Between Reddit and here and god knows where else, it's a wonder he has any time to do his academic work.Speaking from experience, academic work won't bother you much after a 5 year cycle. Professors just copy paste after that. The good ones may extend the cycle up to the decade. That's it. In your experience would it be frowned apon if it was being done during "work hours" or on campus? Do most profs have a pretty open schedule, do they have the licence to do pretty much whatever they want? I did think it was funny that he hadnt accepted his tip! |
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Thats not a real reason to not use British English, of course most denominations are USD/BTC with the USD being the world reserve currency. Most other markets are denominated as so. You dont see much GBP/BTC parings as there isnt much demand to trade in that obviously but what does that have to do with using the correct language?
Why would you leave out everything in my quote besides that 1 point? My original statement was: " Obviously American English. The British have been hostile to cryptocurrencies thus far. How often do you see pound/BTC pairing? --British banks won't deal with anyone related to cryptos. " You don't see the pound/BTC pairing mainly because British banks won't work with crypto exchanges so there is very limited ways to get pounds into crypto. With Britain being resistant to bitcoin and America accepting it....I think that is a pretty fair reason to write it in American English. It honestly makes very little difference if you want to use 'z' or 's' etc, but that's my 2 cents. That would be because as I said the fact that you don't see GBP/BTC should have any bearing on which version of English you use. There is not limited ways to get GBP into crypto as I and many of my associates have done without any problems. It makes little difference of course but that as a reason to use AE just isn't a proper one IMO. |
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Question to core team members:
When writing text for Monero project, do I use American English or British English?
Opinions from non core members also appreciated.
How often do you see pound/BTC pairing? Thats not a real reason to not use British English, of course most denominations are USD/BTC with the USD being the world reserve currency. Most other markets are denominated as so. You dont see much GBP/BTC parings as there isnt much demand to trade in that obviously but what does that have to do with using the correct language? |
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Remember as well that while otc deals take place of coins into the thousands there are not many places you can go and buy 50,000 coins. There aren't that many people around to sell you that many.
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One thing is for certain though, the bids are deeper than when we were here a couple of months ago which suggests a more positive perception from most people in regards to the market. Now, we clearly saw it was OKcoin and China that led the price spike last week and now it has fizzled to where we might have expected to be if we had had steady growth from the "bottom". China is now being bearish with this Huobi news and it wouldn't surprise me to see the western exchanges take the lead which theoretically could lead to a much more sustainable rise. OKcoin trading is a joke with no fees and 20X leverage its just a bunch of gamblers trying to out luck each other and should not be somewhere the market looks towards to dictate a market price.
What happened in Huobi? I completely missed it :/ Nothing comfirmed but Jorge posted this earlier. Not sure what there is in it but would explain the small drop. More than likely some bear FUD. |
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One thing is for certain though, the bids are deeper than when we were here a couple of months ago which suggests a more positive perception from most people in regards to the market. Now, we clearly saw it was OKcoin and China that led the price spike last week and now it has fizzled to where we might have expected to be if we had had steady growth from the "bottom". China is now being bearish with this Huobi news and it wouldn't surprise me to see the western exchanges take the lead which theoretically could lead to a much more sustainable rise. OKcoin trading is a joke with no fees and 20X leverage its just a bunch of gamblers trying to out luck each other and should not be somewhere the market looks towards to dictate a market price.
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We are pleased to announce that we are now accepting bets in Darkcoins.
You can now bet on sports, horse racing, dice and poker, LIVE with your Darkcoins !
Thanks for your great feedback and thanks for voting.
Who's first to show a Darkcoin 'Direct' bet ?
Nice, but do you have any ETA for accepting Monero? We're looking into adding Monero. We realize there is an overwhelming support for it here and we're currently studying it. However, we might not be able to accept it until an official wallet with GUI is available and the API is finalized. @Core team: Is there anything we can do in terms of funding to speed-up the GUI release? The DB seems to be ready soon, and when it is the case, any further delay before getting the GUI would be a waste, no? Maybe we can gather a fund specifically intended to reach completion of the GUI in a timely manner? Are the people working on it working full time? Is it possible to hire an additional person to help them? Could specific additional funding help in any way? We already donated and funded GUI's months ago. Neither of the eventual bounty winners turned into an official GUI or was developed much further by anyone other than the person who wrote them. Everybody has been banging on for months that a GUI is needed and its not just people who think it will make the price increase. Its needed for it to become a usable currency in commerce as well. Monero is at a point now where if simple needs like this aren't met the amount of new investors will dry up even more. There are so many bagholders literally just waiting for promises to be delivered, if it goes on much longer they will eventually just cut their losses and move on. I'm sure the core team don't want this and everyone understands the difficulties in regards to time and payment but its been so long since launch now. |
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This is buying zone.  Not yet, there's no rush with the fact it looks like the bear market is still in tact. Save your fiat to defend the bottom. |
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Its pretty simple why the price isn't rising, with the emission rate as it is there is absolutely no need to buy up asks, you only need to set bids and wait. This is obvious if you look at how skewed the order book is. Until the emission slows down to the point where you can no longer just place bids and wait for them to be filled the price will continue to stay stable or to fall. Patience is the key and at the moment most people are just waiting, there's just no need to rush to buy.
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a classic bitcointalk bull.
nobody knows for sure how much he did pay for his stash nor is he really hodling, but hey, 10 k is around the corner and he is investing heavy in some btc businesses.
I bet he already sodl for nice profit.
Dont act like I'm saying bitcoin's going to the moon because Draper, clearly thats idiotic. We're talking just about him. Even if he did sell, all the coins are still in one place so someones holding the bag. Anyway we're talking about 30k coins which is less than 10 days supply hardly a humungous amount. BIT bought 21k in the last 3 weeks alone. |
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The people who bough the seized bitcoins in the first auction in July when price was around $650 should double-down. If they indeed want to cost-average down.
Those coins have prolly already been sold and part of the reason why we are trading at this level now. Draper said in an article recently that he still has the coins and is likely to bid on this lot. |
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I just think its really quite funny to sit here talking about a $6 mill paper loss when even if half his prediction comes true we're talking about making $120 mill +.
I doubt he believes his own prediction, but if he can get enough other people to believe it, he can sell to them at a higher price later, which let's face it is very likely all the guy cares about. Um no actually, due to the fact he's invested in several Bitcoin businesses as well I don't think he's looking to pump the price and dump his coins tanking his other business interests. |
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Well, one of those 101 is to transfer them to a new owner; another is to deposit them on an exchange...
And then why publicly say you still have them and are planning on bidding on the new lots...? Most people who enter a commodity auction do not want to get the item at any cost, they want to make a good deal; which almost always means buying it below market price.
For the reason already stated, I strongly suspect that all the bets in the previous auction, including Draper's, were below the market price at the time (600$/BTC). I expect that the same will happen in this auction.
See the posts from oda above about why, with proper reasoning applied, the coins probably didnt go for much below market if at all. Billionaires do not become so by not minding the loss of 6 millions.
Any one who owns a few thousand BTC will say that it will surely go to the moon one day.
But they do become so by being able to withstand a paper loss and not panic and sell for a loss when if they would have held for longer they would have made $$$. I just think its really quite funny to sit here talking about a $6 mill paper loss when even if half his prediction comes true we're talking about making $120 mill +. Im sure he can hold for a couple of years without worrying too much with returns like that. Some of these conversations will be gold in the future whether it goes to the moon or to 0. |
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You really think the FBI talked to DPR and discussed with him whether now would be a good time to sell? They sell now because they can, the FBI are no speculators and they certainly didn't ask for DPR's permission first.
Actually they did talk with Ross (not clear on whose initiative) and both agreeed to sell. The FBI still cannot sell those coins on their own, it is not yet decided whether they belong to Ross or to SilkRoad. If they belong to Ross, they would have to wait for the verdict on Ross's trial. I stand corrected then, thanks.  Still the point stands that Ross and the FBI aren't speculators, Ross probably agreed with it because even at the price today they are worth a hell of a lot more than when he got them so why not auction them off? It's unlikely Ross will be planning to get back into the SR business and BTC if he is declared innocent, he will probably be happy with just the cash without worrying about the volatility of Bitcoin. They agreed back on January 27, 2014 to sell based on volatility risk. "WHEREAS, the government and Ulbricht agree that, due to the volatile market for bitcoins, the Computer Hardware Bitcoins risk losing value during the pendency of the forfeiture proceedings;" http://www.usmarshals.gov/assets/2014/dpr-bitcoins/order.pdfHaving agreed to permit government to sell back in January, the government no longer needs any further agreement from Ross to sell. Same link: "1. The United States and Ulbricht agree that the United States may, at its sole discretion, sell any portion or all of the Computer Hardware Bitcoin, on a date or dates and in a manner to be determined by the Government." Exactly, this decision to sell the coins is solely from the US government not Ross. |
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Miners (businessmen who only sell) => SR (increasing velocity of money, increasing liquidity, decreasing scarcity/price) => FBI/USG (seizing all this liquidity and inducing supply shock by increasing scarcity) => Auction bidders (influential Silicon Valley Billionaires who now have an increased stake in Bitcoin the asset and not only Bitcoin companies)
This flow of money is bullish. I hope this happens until almost all the supply is in the hands of Tim Drapers and Winklevosses.
I have seen many claims that big miners sell directly to big buyers off-exchanges, I don't know whether that is true. SilkRoad apparently was accumulating bitcoins; if so, they were reducing liquidity and velocity, and increasing scarcity. In that case, the FBI seizure, by itself, did not affect the market -- it was a direct transfer from one hoarder to another. Tim Draper is holding (so he says; although his coins moved recently, it seems). Given his experience (~33% paper loss so far), the next auction winner may be a speculator who buys substantially below market to sell right away, possibly on the markets. Silkroad was accumulating Bitcoins ? What does that even mean ? Isn't that the idea of running a business?! Do you say of all other businesses that they are accumulating USD? Drapers coins moved, but guess what. Thanks to the miracle that is the blockchain fudsters only need to click their mouse once and they can see that they have just been moved to another address. I can think of 101 reasons to do this. Did you miss the article where he says he will bid again? I think your 100% wrong with the last assertion, if anything experience tells you that bidding below market just won't cut it if you want to win the coins. 33% paper loss is roughly $6 mill. Thats chump change to a billionaire. Especially one who has said again recently he still believes it could go to 10k. |
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Lol look at the amount the price was moving hour by hour a year ago; 2013-11-19 11:19 - $ 638.7 2013-11-19 12:19 - $ 560.07 2013-11-19 13:19 - $ 535 2013-11-19 14:19 - $ 540 2013-11-19 15:19 - $ 573 |
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