according to bitcoinwisdom the trading volume of the last 30 days of xmr was the second highest, only beaten by ltc. having a higher trading volume than dash is maybe a little hint  |
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it would be extremely helpful for clams and just-dice when margin trading would be possible.
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Instead of dwelling in misery after the inevitability, how about thinking theoretically, how the private exchange can continue?  What ways to arrange a functional marketplace are available? - Decentralized exchange - Decentralized and trustless blockchain exchange between cryptos - Exchange in a freer jurisdiction - Bulleting board with a thought-out trust/escrow system - Market-making exchange ( Silverbank) - Decentralized network of individual market makers (Localbitcoins) - Services that make markets on intermediary financial goods (gift cards, miles, credits in paypal) - Using Crypto Kingdom social exchange platform to conduct trades (exchange moving inside a non-jurisdiction) If I can think of 8 ways, surely you can add another 8 basic alternatives, and then the community needs to form a taskgroup to pursue the selected one(s) of them. I liked the busoni/poloniex solution something similar can be found on doooglus and just-dice. basically a trusted yet personally unknow person running a business - the door is open to you |
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This is why crypto is a joke. Idiots like op make all of us look retarded.
If Monero solves anonymity/privacy best (it does), is scalable (it is), had a fair launch (it did), and has a great development team (they are), then why couldn't it reach those levels? there are two kinds of reasoning by people: one is by deduction, where one uses a theory and concludes what are the effects on reality - as well as you, I and probably a large group of monero follows this kind of reasoning. the second to make sense of reality is by induction: you look what is real (a price of somewhat 50 cents) and conclude that it is at best delusional to say xmr will be worth 10 or 100 fold this amount. well basically your theory is derived by reality and not by logic. I think these threads are not that helpful because they scare the second group and are not news for the first one nevertheless I share pegasus opinion that we could be the new wealthy elite |
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I do not share ristos insight on the transfer of value. neither do I think that bitcoin will be dethroned, I'd rather assume that it will not only be king but also pope by the adoption of TPTB. It will lose its libertarian and unregulated status and lots of people here will get a proper compensation for that the most proper argumentation regarding losing his first mover advantage was given by peter r in the altcoin observer: he argues that you do not invest in technology (of bitcoin) but in the ledger - I think he is right. Nevertheless I do not think that bitcoin can or will adopt moneros specifications and monero will probably be what many people think bitcoin ist - the libertarian wet dream |
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So I'm gonna take a position in Monero. I like it, and I think it will become the new "litecoin". If you whales could not dump on me, and if this could actually be the bottom, that would be super-kewl. kthx.  are you the r/bitcoin legend? good to have you on board anyway |
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please let this stuff not be the idea that raised 116 million bucks.
there is a post here from prophetx who explains why vc until now failed to monetize bitcoin - if this stuff raises 116 million, the ideas you can derive from that post will probably be worth much more.
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no one living in some vanilla jurisdiction and wants to start a xmr dice/casino service? btw xmr and me are celebrating first wedding day today - not the easiest marriage but you know what people tell about feisty marriages |
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I like blockafett and even think he has somewhat good intentions - see his involvement in the mintpal thread.
but the fun fact is that blockafett does not understand the implication of ninja/insta/fastmines.
distribution is not just about being fair (whatever that should be), but about the possibility to network in an economic sense. fast/ninja/instamines are massively hindering this process.
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To all the people leaving, I have to wonder, why were you here to begin with?
I'm here because I am in need a means of sending value over long distances quickly, cheaply, and privately as well as a means of storing value privately. Maybe i will leave monero when some better alternative exists for accomplishing these same ends but until such an alternative exists i will continue to need monero. Just as a person who has nails sticking up needs a hammer.
I asumme you belong to a group of probably less than 200 person on this planet who really see the use case and (private store of value) the potential of monero - aminorex assumed it could be a group of 1000 people - I guess it is much smaller. the rest is pump and dump daytraders etc. pp. we will see if the group can grow over the next months and years. the intrinsic value of xmr is out of question. Still, for anything to be a store of value, price needs to stabilize and XMR, along with all crypto, has yet to really show stability in terms of volatility. Now, you could say PMs are still pretty volatile and yes, they are, but not to the degree of crypto. that is why I called it potential - the argument that something needs to show stability is somewhat weird - if the fundamentals are given it will show stability in the future. if you like, like most here, explanations of free market behaviour, crypto does not show stability in terms of prices due to incomplete information. |
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To all the people leaving, I have to wonder, why were you here to begin with?
I'm here because I am in need a means of sending value over long distances quickly, cheaply, and privately as well as a means of storing value privately. Maybe i will leave monero when some better alternative exists for accomplishing these same ends but until such an alternative exists i will continue to need monero. Just as a person who has nails sticking up needs a hammer.
I asumme you belong to a group of probably less than 200 person on this planet who really see the use case and (private store of value) the potential of monero - aminorex assumed it could be a group of 1000 people - I guess it is much smaller. the rest is pump and dump daytraders etc. pp. we will see if the group can grow over the next months and years. the intrinsic value of xmr is out of question. |
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so gbtc seems to start according to twitter post
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Could be a lot of things. Perhaps Kraken moving funds in preparation for the MtGox proceedings. I went back and checked some of the other historical spikes in BDD. They tended to correlate to spikes upwards, not downwards. (Dec 13, Mar-Apr 14). I hope we learn more details around this. There is taint from here (2 yr old though) https://blockchain.info/address/1BBqjKsYuLEUE9Y5WzdbzCtYzCiQgHqtPNI don't know so *shrug* Gox coins is best guess right now i think How odd. They went into the wallet April 9th.. the day of the MtGox lag price crash.. Maybe this is a stoploss? Price is approaching the original buying price? this guy/girl just send 101 btc of the 70k coins - the rest is still in the wallet ?! |
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DB version still not official ?! TAILS compatible binaries ?!
Incompetent idiots...
Does Monero even have any kind of significant competitor? I'm just wondering what the term "competence" means for you when Monero is the one and only of its kind (fairly launched and maintained CryptoNote coin). I guess no for the good or for the bad. but if you define a group close enough you can probably design everything without a competitor - to be fair dash and bytecoin are direct competitors |
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well you can decide if you know better than the market and buy or sell - if the use case has not changed (and I assume it has not changed) do your conclusion.
I only feel sorry for the guys who have to sell at this point of time
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All that said, I'm not up to date with how many apps are going to be ready to go or what their value may be.
I also would love to see a list of all the apps - I was looking through their forum but it was very clustered |
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I sometimes read that people think bitcoin or monero can reach a price of 100'000$, 500'000$ or 1'000'000$ (rptiela posts for example) if it succeeds to become a "global currency" because such currency should then have a market cap of trillions. Do you all really think we can see something like that happen in the future (5, 10 or 20 years) ? Because if a crypto like bitcoin become so important, it would be a threat to the power of the governements, and even worse if it is monero because it's untraceable. The governments (american, russian or chinese for example) will probably react and make these kind of crypto illegal and that's it. It would be the end... no ?
no regarding market cap: risto is right here: if any cryptocurrency gains traction the market cap will at least be at least ten times higher than bitcoins current price probably even up to 100 times higher. a five trillion gold market cap is a different story and in current purchasing power I think it will probably need more than 1 generation - but we will see. money is a different story than technology - even bitcoin shows the first signs of behaving like an institution. |
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