I am afraid that is true. There are many traders who are very happy to take advantage and trade in and out of XMR now because the upside volatility is very high. This is what I said in another thread and I did not mean anything bad with it. I was only saying it in a factual way because that is how markets are. But I was told by smoothie that I was envious because he thought I was saying that XMR is being pumped and dumped. Which it actually is happening now because the traders buy in and then dump higher.

You gotta be the imbecile from hell to be buying any coin that has gone 10x+ in a week, but I suppose the trap door will fall when they run out of imbeciles as usual.

so a cripplemined perfectmine?   
that makes sense, how about a cripplemined fairmine? that's totally not contradictory right.

but this only come down to traceability in the end, and basically every crypto that is not 100% anonymous is declared non-fungible, this is stupid, why exchange are evaluating those stolen coins less? because it was said by the government? bitcoin say fuck you to government, so this is another decentralized problem it seems, because a decentralized exchange would evaluate every bitcoin the same

yes, this could bei true. but do you have an answer to this question?

why monero? why not an other cryptonight coin?

if i were the dev of a coin. i would do a lot to be on dnm. thats why i think that i could be possible that moonier devs talk to the dnm-admins.

monero is fungile where? non fungibily of bitcoin is only because some exchange have declared that some coin are not worth like other, because they are sued or something, but this has nothign to do with real bitcoin fungibility imho

I have information that Poloniex is involved in this pump MONERO, at them many coins have accumulated. They sell.

Question. Does anyone know how much money money goes through online dark net markets currently? Because the answer to that will give you an idea as to what kind of money will go into Monero in the near future.  I've had trouble finding any estimate as to how much money currently goes through them, but I can tell you that the Silk Road was raking in roughly 100mil a year as of 2013.  This should give at least some kind of idea as to how much could potentially end up going into Monero, that is assuming it does become the de facto darknet currency.

AFAIK those markets said they'ld only enable Monero on September 4th or something.  That means all the volume right now is just pure speculation on Poloniex.  What happens when Monero is enabled and not many people are interested in accepting it?  You can see where this pump is going to create some comedy gold.

i think that monero insiders paid a lot of xmr to the admins of AlphaBay and Oasis Markets. Without that they would not implement monero. And now both sides a making money by selling their coins to the public.

i think they are a group that pump certain altcoins from time to time, this time it is Monero, next time it will be another cryptocurrency.
Which cryptocurrency they select next will depend most likely on the liquidity of that coin, as they need large volumes to dump into
in a later stage.
 
It wouldn't surprise me if they dump Monero at some point and pump Zcash once that is launched..

This is hilarious! Are we in the alt section again on BTCtalk conspiring to run a coup d'etat on Bitcoin? ROFL!

It is not something that will happen overnight.
The decline in bitcoin's market share,though,is pretty much linear(albeit choppy)



source: coinmarketcap

Do you think that world powers will allow to use XMR on their territory ?
They will alow if they control it. When switzland doesn want to release info about some money transfers then some sad men
comes to Switzland and they have convinced them to make changes i guess they had "good" arguments.
Today because of money loudering you have more restricted laws when it will be needed all XMR exchanges will go down
they will impose good law and they will shut it down. XMR would exist p2p but you wont get any fiat window for it that will couse hard drop in volume.
If you want challenge a biggest superpowers and help terrorists with XMR you are on loose side.
And big Russia and China they don't want to much freedom for their people and XMR is problem for them too.
If XMR will be popular in terrorists group it will be shut down.

Yea if it will be so popular in terrorist world then all exchanges based in civilized countries will be force to stop trading it.
All people who will have open xmr wallet will be juge as terrorist and you will see that masses 10 person per day able to use XMR.
Do you think that any government will allow such tool to exist,they will put in prison for having XMR client in computer.
You will see liquid of XMR hmm bugattis which are sold once per year at dealer if goverment will ban such coin.
Terrorism is good ecscuse for them for more control in USA currently you can go to jail without court for forever because they suspect that you are terrorist.
If they target XMR as terrorist money GL to that coin. Dev will land in prison as well as it was with guys who was developing disk encryption.
They claim that disk encryption is weapon and he went to jail .
You won't hide with your xmr in hole dark net is nice marketing stuff but it can be really death blow at end for coin.

PS: A day when XMR would be popular in terrorist community its best day to sell IMO.

That's very sensible of you. When Factom went on its rocket ride in early March, it was a bad time to buy. But by June, it was a great time to buy. If Monero follows the same path, there'll be a great buying opportunity this fall.

For me bitcoin's price will have to go down substantially for XMR to catch up if ever it really has a chance to catch up. Why do I think this? Because for XMR to be the no.1 capitalized coin in coinmarketcap.com, a big group of whales from bitcoin must first unload a big part of their BTC and load up on XMR.

Now that XMR is discovering its own market niche people will start to form and build an economy around it. This will take maybe a shorter time than it did forming bitcoin's economy in the dark market. But beware to the community of Monero. You have to accept and embrace the fact that XMR might be seen as the "evil coin" used by criminals, illegal drug peddlers and maybe also terrorists to cover their tracks. This could be an impediment or an advancement in its development depending on your point of view.

There was a reason why Darkcoin dropped the "dark" to be viewed as a more "legitimate" alternative to bitcoin. Maybe they did not want to go to the dark market road. For me that is a big mistake. Monero is going where no one is willing to go. That will push for more advancement of the coin.