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There is still a minimum amount of time needed for holding XBT, XMR etc even if it is used as a bridge. It is this minimum hold time that in the end gives value to the currency. By the way the same is true for government / central bank fiat currency (where holding for an extended period of time has significant cost), or even commodity money such as precious metals. Edit: The unbanked are very likely to hold pure XBT, XMR etc., for the very same reason that they hold cash, otherwise they will become banked. |
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Not sure I understand. You mean something over and above the massive exponential value increase? It will happen, or the project fails.
I agree the massive exponential value increase will be the dominant factor if one is right about a coin and conversely the massive exponential value decrease will be the dominant factor if one is wrong about a coin. Staking in its various forms, and I consider DASH masternodes a form of staking, will have a minimal impact on the overall returns in both cases. Take a look a the overall returns of any POS coin, and ask the following question: Are the returns dominated by capital appreciation (or depreciation) or staking? Edit: Since a fair number of people seem obsessed with DASH I will use it and an example. If one bought DASH at 0.0274 an sold at 0.0022 what percentage of the loss would have been offset by masternode rewards or conversely if one bought at 0.0022 and sold at 0.0254 what percentage of the gain would be due to masternode rewards? Seriously do the math. |
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Take it for what you will, I have an order for 42 BTC at .00165BTC/XMR.
who the hell are you people with this kind of money to play with in cryptoworkd? Blows my mind the $$ that gets thrown around here. There are those of us who bought XBT when it was between 2 USD and 10 USD and have realized and unrealized profits that can be used to purchase XMR. Edit: With this also comes the experience of not selling to early, not trying to sell low in order to buy lower, and learning to have some patience.  forget my comment about making a couple of good calls. at $2 bitcoin you only have to make one good call. True, but this is with the benefit of hindsight. Let us keep in mind that at the time XBT was 2 - 10 USD. XBT had all ready seen very significant gains. For example. I had an interesting debate on the price of XBT in terms of USD in January 2010, with rpietila. I claimed the price of 1 XBT at the time was around 0.00006 USD while he claimed that 0.005 USD was more realistic. https://bitcointalk.org/index.php?topic=400235.msg6269213#msg6269213. The real question here is: Will XMR at 0.5 USD be considered a "good call"? |
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I'm under the assumption we ain't seen nothing yet. 42 btc might look like a lot of money now, though on a global scale it's the tiniest drop. Note that xmr doesn't have to live up to its full promise to be incredibly profitable when bought at 0.00165. It has only just begun.
If only the tiniest percentage of people believe in the tiniest chance for monero to be able to fly we're gonna be well over 10$ a coin. That actually makes al the selling and shorting remarks at these levels quite amusing actually.
For sure. A successful and widely used cryptocurrency will likely have a capitalization in the trillions. That's a million USD or so per coin for coins with millions-of-coin supplies like BTC or XMR (technically XMR has unlimited supply but it will be in the millions for 100+ years so still trillions. You only have to believe something has a 1/100000 chance to reach a million USD for it to be worth 10 USD. This also indicates the silliness of any cryptocurrency that claims to be in the lead on the basis of current market caps (ignoring the liquidity and manipulation factors). That's like being one inch ahead of the starting line in a marathon. This also raises the question of XMR as part of a portfolio. For example a a portfolio that consists of just XMR and USD could very easily outperform many "conventional" investments in term of risk to reward. The ratio between the two currencies would be determined by the risk tolerance of the investor. |
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Take it for what you will, I have an order for 42 BTC at .00165BTC/XMR.
who the hell are you people with this kind of money to play with in cryptoworkd? Blows my mind the $$ that gets thrown around here. There are those of us who bought XBT when it was between 2 USD and 10 USD and have realized and unrealized profits that can be used to purchase XMR. Edit: With this also comes the experience of not selling to early, not trying to sell low in order to buy lower, and learning to have some patience. |
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Smooth, this is that intervention. But for us to help you, you've got to be willing to help yourself.
I'm sorry ferengi but I have looked into smooth posts and he comes as a very educated person furnished with facts and distaste for scams, but perhaps he is trying too hard now. There is no point in talking about dash anymore, that coin is already done for, no one can dump like otoh because the coins are highly concentrated into few hands, the hype around it is so the ones with masterdones can dump into innocent hands that is the origin of all this commotion plus the fact it was instamined, its an obvious scam, the next paycoin, and it will fall like one soon. I call for a complete blackout of dash and an ignore of anyone that post about it here. The fight with DASH does not belong in either the main XMR or DASH threads, which is why it should be taken to a neutral thread such as https://bitcointalk.org/index.php?topic=1001642.0. So to that extent I do agree. On the other hand I do feel quoting a comment in the DASH thread such as the one from Minotaur26 that is equally relevant to Monero, with appropriate acknowledgement, is appropriate. |
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 https://bitcoinmagazine.com/20182/leaked-chainalysis-roadmap-angers-bitcoin-community/Everyone interested in Dash should read this article and learn more about Chainalysis, this company is dedicated to provide data mining of the blockchain. Chainalysis customers – including regulatory entities, law enforcement and financial service providers – are empowered with unique insight on all transactions recorded in the Bitcoin blockchain and tools to determine the origin of the bitcoin held by any address. They were the ones sybil attacking Bitcoin with false nodes harvesting transaction information recently. Their roadmap leaked, check it out: http://www.scribd.com/doc/263321318/Chainalysis-RoadmapThis is a clear indication that services like this will be more prevalent in the future and platform's like Dash can become a serious alternative for people that wish to preserve their privacy. Here are their different services leaked from the roadmap document:  This from the DASH thread is very relevant to Monero. Interestingly the BitcoinMagazine comments mention Monero. |
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I reckon that DASH will now be called the bully that killed Trolerol or whatever that scam coin was called.....
Time reveals all......
It seems to be quieting down a bit.....
Whelp - back to MasterNode'ing :-P
Scamero with a great dev team specialized in posting instead of coding. Enough. Take it to a neutral thread https://bitcointalk.org/index.php?topic=1001642.0 |
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I think that the members of the Dash community need to start a fund to promote the mental health of the Monero community. Clearly the fact that our coin is worth 6x as much as theirs must be causing some serious mental issues.
In particular, I'm concerned about Smooth. Once he made real contributions to Monero, wrote actual code. Now, he's just a shell of his former self. Instead of doing something meaningful, he pursues a rather quixotic quest; disparaging Dash. Righting all the wrongs, all of Duffield's terrible deeds. Megalomaniac delusions of Dash's destruction must dance around in his head every time he makes a post. Without intervention, his rants will give way to delirious ravings.
Smooth, this is that intervention. But for us to help you, you've got to be willing to help yourself.
Enough. Take it to a neutral thread https://bitcointalk.org/index.php?topic=1001642.0 |
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Hello Monero community.
I've refrained from posting about this issue here, but now that I see that this bickering has caused you to lose a major investor, I've got to say my piece.
Granted, I am a Dash investor, but I am one of the more moderate posters in our community. I occasionally tweet about other coin's news, and I pride myself on having an open mind. You will not see me trolling in another coin's forum.
I hope that we can all agree that this type of behaviour is ultimately self-defeating. I have a vested interest, not only in Dash, but also in the greater crypto community. This is the same kind of thing that caused the Dogecoin dev to leave crypto, and quite frankly, makes the whole crypto community look childish at best.
Please, end this now. This has been going on for weeks, and has anyone gained? Dash is losing value slowly, and Monero is plummeting. I think we can all agree that this campaign by a few is not having the desired effect.
Is Dash perfect? Absolutely not. Is Monero perfect? Absolutely not.
Let's respect each other. Just like there is Pepsi and Coke, and Apple and Samsung, there is room for more than one crypto in the future.
Let's use our time going forward to add value to our own cryptos, rather than trying to cut each other down. No one wins that battle, everyone loses.
Maybe then, we will win back lost investors.
Tao
Thank you. Can we at least keep this fight out of the Main XMR and DASH threads as use a dedicated thread such as https://bitcointalk.org/index.php?topic=1001642.0. Cross posted from the XMR thread. |
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Hello Monero community.
I've refrained from posting about this issue here, but now that I see that this bickering has caused you to lose a major investor, I've got to say my piece.
Granted, I am a Dash investor, but I am one of the more moderate posters in our community. I occasionally tweet about other coin's news, and I pride myself on having an open mind. You will not see me trolling in another coin's forum.
I hope that we can all agree that this type of behaviour is ultimately self-defeating. I have a vested interest, not only in Dash, but also in the greater crypto community. This is the same kind of thing that caused the Dogecoin dev to leave crypto, and quite frankly, makes the whole crypto community look childish at best.
Please, end this now. This has been going on for weeks, and has anyone gained? Dash is losing value slowly, and Monero is plummeting. I think we can all agree that this campaign by a few is not having the desired effect.
Is Dash perfect? Absolutely not. Is Monero perfect? Absolutely not.
Let's respect each other. Just like there is Pepsi and Coke, and Apple and Samsung, there is room for more than one crypto in the future.
Let's use our time going forward to add value to our own cryptos, rather than trying to cut each other down. No one wins that battle, everyone loses.
Maybe then, we will win back lost investors.
Tao
Thank you. Can we at least keep this fight out of the Main XMR and DASH threads as use a dedicated thread such as https://bitcointalk.org/index.php?topic=1001642.0. Edit: Cross posted to DASH thread. |
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Yeop, which is why we added that option. See OP.
Excellent. |
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For cost averaging to work correctly it should be a fixed amount of XBT worth of XMR when buying XMR rather than a fixed amount of XMR. The idea with cost averaging is that one buys more XMR when the price is low and less XMR when the price is high; hence the fixed amount of XBT.
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CoinMarketCap could easily put an end to this debate by changing the tag to "significantly pre-mined, insta-mined or ninja-mined". So my suggestion is to make this change.
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is it wrong to mine on mutlple computers?
It is wrong to mine on computers you do not own without the explicit permission of the computer's owner. |
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VAT or GST on crypto currecny makes zero sense since in order for VAT or GST to work the medium of exchange itself must not be subject to the tax. In fact people can in many cases legally evade the VAT or GST by registering for it and then using crypto currency as the medium of exchange in those jurisdictions that attempt to levy VAT or GST on crypto currency. Someone in Australia or Estonia needs to try this. Spain can be added to the list of jurisdictions that have shown some common sense on this issue.
Unfortunately some jurisdictions, notably Australia, have very narrow definitions of money in their legislation which leads them to attempt to levy VAT or GST on crypto currency.
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..also the "sell in order to buy back" was so recently proven stupid that only the ones who could avoid it have any XMR now ) Actually that's probably not quite true. I would hazard a guess that a lot of people who got burned trying to 'sell to buy back' decided to temporarily jump on the Darkcoin train, riding it up to its peak before dumping and rejoining the XMR train later on, with a slight XMR profit to boot.  Whether such a move can be replicated this time remains to be seen. It is far more likely they got burned twice, first by selling XMR at or near the low and then by buying DRK/DASH at or near its high. Expand this chart all the way to August 2014 and see. https://poloniex.com/exchange#xmr_dash. I prefer to buy from the sell low hoping to buy lower crowd and then take delivery, sit back and hold. Edit: The best way to squeeze the shorts is to buy, take delivery and then simply do nothing and wait. |
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Market manipulation can backfire. If there is no follow-up selling the descending triangle (bearish) can easilly turn into the descending wedge (bullish).
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