Gone sideways too long. When moon?
Q3 or Q4 2021 my friend. Annoyingly still some time away. Interesting ... What are your expectations?For me? Moon = Anything above $60,000 I suppose. I expect a minimum of $40,000 - $50,000 in the next big bull run. I think we’ll hit $100,000 per coin in late 2021 to early 2022. "Moon" is the top of the next 4 year fractal.. yet it is too difficult to determine the number at this time, but yeah the more likely range is $50k to $250k... but there are surely chances to NOT fall within the range towards either the downside or the upside. [...] I think there are many personal moons: stash x $btc |
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^ Might indeed be a mobile thing. And the old.reddit works, looks better as well IMO. Thanks guys.
(/r/bitcoin barely has anything interesting nowadays, but still)
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https://twitter.com/jimmy_wales/status/1225606831898333184Your marketing materials need to be updated immediately - as people seem to be reading this as some kind of endorsement from me. I'm coming to speak my mind, which includes that BSV offers nothing for Wikipedia and that there is zero chance we would ever use it.
Ouch.
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Everyone watching the superbowl and here I am watching the Chinese stock market open and CNY/USD plunging..
Me watching a bottle of rosé, the sea and my precious brother and sister, who cares about markets....  After 2 years of being together all three of us... yeah it gets to me.... Good for you Mic, do enjoy. Time (with our loved ones) is the most valuable thing we have. It is scarce no matter how much money you have. Since I started working I quickly got obsessed with trying to reach financial independence, compared to my student life it felt like a prison. Money would buy me time and freedom, not jeeps. Side effect was that money all of the sudden started to play an important part in my life, I constantly worry not having enough. Never had this as a student while I barely had any savings. Nowadays I kind of like my work (Stockholm syndrome I am sure) and afford myself some modest luxuries, but still prefer spending it on others who ‘need’ it instead of myself. I hope I can let it all go one day and enjoy true freedom: not having to consider money in my decision making, just whether I think it is worth my time. |
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In the heading it says they accept XMR only, but in the second to last alinea they say BTC is optional but discouraged. If true this marketplace will end up like all its predecessors. Never ordered something on a darkmarket but just can’t imagine doing so with a natively transparant coin. For totally legit purposes I already feel somewhat uncomfortable paying with bitcoin, potentially revealing the money in my pocket and previous transactions. And I select my unspent outputs which likely many on these kind of website users don’t (know how to). |
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Pretty sure that when someone technically skilled has physical access to whatever brand hardware wallet, they can extract the seed. Same for any phone or game console: they always get root access. To protect yourself against a physical attack (getting your hardware wallet and/or seed): - Use a passphrase on top of the seed (see the above post of bitserve, it can be a single word to not overcomplicate things. More words are better though). - Or/And use multisig, which is easy to setup using Electrum and multiple hardware wallets. I simply can’t move any of my coins myself, even when someone has my seed and passphrase, without multiple co-signers. Edit: In case you want to do multisig with yourself (as two-factor authentication) https://electrum.readthedocs.io/en/latest/multisig.html |
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If you take into account lost Monero and remove those from available supply, the effective inflation rate is much higher. If 30% of Monero are lost by May 2022, then the inflation rate is 1.2%. The inflation rate is MUCH higher than Bitcoin which has absolute scarcity.
Inflation may even increase if the rate of lost coins exceeds tail emissions.
The beauty of an 'opaque blockchain' is that you can't even do a guesstimate how many coins are lost. Your argument that lost coins increase the real inflation rate (flow versus stock) applies equally to Bitcoin. It is however likely that way less Monero private keys are lost since Bitcoin mined its first block in 2009 and was completely new to the world, while Monero launched in 2014. People learn. Bitcoin is inflationary until the last block with a reward is mined in 2140. The current inflation rate is 3.87%, after the halvening it will be roughly 1.8%. It takes another halvening for Bitcoin to roughly match the Monero inflation rate, not considering it is likely that more Bitcoins are lost than Moneros. Better arguments why Bitcoin is a (way) better SoV than any other coin is the first mover advantage. The highest network security by (a seemingly ever increasing) hashrate. An unmatched peer reviewed code by some of the best developers in the space, etc. I know where I would store the majority of my wealth. Do hope though that over time Bitcoin's fungibility gets the priority and attention it deserves, something that could be holding Bitcoin back becoming a true or wider adopted SoV IMHO. |
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So to answer the enormous question on everyone's minds right now, is it a block halving or block halvening? Google claims that more users are interested in the halving, rather than the halvening, regardless of the latter's grammatical incorrectness. It's safe to assume that Google's user's do not care of grammatical correctness. More relevantly, searches for the halving event recently reached an all time high. Searches for the halvening didn't reach all time high.  Suggestion: Let's roll with the grammatically incorrect phrasing of the block halving, rather than halvening, for the benefit of google searches. (Even my spell checker wants to call it the halving, take the hint) 103 daysOr halfin? |
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The 2% tail emission on Monero is too high, meaning it is not a deflationary asset.
If it is not deflationary, then it underperforms as a store of value.
Tail emission in May 2022, when all 18.4 million Monero are mined, is 0.6 XMR per two minute block. (0.6 x 30 = 18 XMR/h) x 24h x 365d = 157.680 XMR / year tail emission. (157.680 / 18.4 million) x 100 = 0.85% inflation the first year. And then declining each year which probably amounts to less then is lost in tragic boating accidents. Gold nowadays has an inflation (flow) of about 1.6%. Even in the first year of tail emission about two times as high as Monero. Gold has proven itself over a very long period to be a reliable store of value. Think it is rather short sighted to just say: no hard cap so no store of value. And you have to remember Bitcoin is still an experiment in the grand scheme of things. Little Monero is experimenting as well and pays a small price for a guaranteed miner incentive + flexible block size (=scaling). I am not going to argue altcoins here, but don’t only listen to the ones yelling the loudest (that is a comment to newbies reading, not you). |
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I really hope the major didn't really sell all of his stash at $4K-
The other day I stumbled upon one of the last posts of bones261 in another thread. It seems that he sold too. Not that he had a huge stash, but still.
I wonder how many other good people we will be losing along this bumpy journey. Will never understand why people go ALL-OUT. Why not hodl even a little stash just in case... even if you lost faith?
When I see the first pages of this very same thread I see a lot of nicks that are no longer here. It is easy to notice because there are almost no hats. IIRC jojo is the first one that appears. I have always though that most of them already reached their targets and are now too busy spending their fortune while still hodling a good chunk of BTC... Maybe reality is much uglier than that.
HODL.
@bitserve We will lose more good men to cowardly selling but together, the strongest of us will prosper  #nohomo #hodl It is like with ‘real’ money: the wealth centralizes with the top 1%. Being early or even when receiving coins for free, it slowly flows back to the one percent. Many even being active in the WO-thread today will not be tomorrow. Or almost surely have a reduced stake after the next bubble(s). No shame in that of course, but holding on to a few more than you ‘should’ from a diversification point of view might change the world for the better: power to the nerds and crazy ones! |
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Extremely underrated and misunderstood feature of Monero. At least outside the Monero inner circle. It is the main reasons I fell for Monero next to privacy, since it allows for scalability and long term security of the network. |
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Looks already great now Corrosive! The back side of those cards, wow.
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