Developers meting had one good and one bad news. Good news is that MyMonero and Apple after 2 months of no news started moving again. Bad news is that there is tiny chance we will see Bulletproofs in springs hardfork. There will be another developers meeting next Sunday about it.
That was the impression I had from the meeting too. However, see this comment from snoether, one of the two Monero cryptographers: https://www.reddit.com/r/Monero/comments/7ql3w7/what_can_the_community_we_do_to_make_sure/dsq33x3/Seems like BP's might well be ready for March HF. |
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Ooooh - I've just noticed I'm now a "Senior" member.
I feel...well...inexplicably chuffed.
Congrats. Now can you make it to legendary? *edit* I forgot about the "hero member" designation in between. A while to go yet I suppose  I'll settle for Hero. It has a nice ring about it  |
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Ooooh - I've just noticed I'm now a "Senior" member.
I feel...well...inexplicably chuffed.
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Some good news: It seems that the Apple Dev license issue is halfway to being solved. Apparently there was a mistake made on Apple's side of things and that it should be resolved sooner rather than later. This from Endogenic, the mymonero dev, at the latest Monero Dev meeting on IRC.
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What kind of negativity?  On Reddit even some speak about the recent crash we had... Which crash?  I watched XMR going up from 1 USD to 15 USD and down to 4 USD. That was a crash! Meanwhile I love the bearish and consolidation phases, because those prevent a too strong bubble in this too fast developing field. Over all this time I have developed a strange attitude which allows me to relax in the silent or bearish phases, while to strong bullish movements make me anxious. In this madness of scams and bullshit projects XMR and its community are healthy and a solid rock. You have to keep in mind, it’s a lot easier for people who have been here longer and are sitting on stupid impressive gains over the years to be a lot more patient and willing to ride out super bearish times. I can’t imagine how nervous people might be entering in a cryptocurrency market where every coin under the sun has pumped to some extent. It would be nerve wracking if you are always tempted to get some skin in the game and not having the time/patience to do your own due dillegence to try and understand the technology behind each project; or able to see value in actually using said coin yourself. Like you, I’ve been happy sitting back and watching the drama of pumps and dumps knowing just how stronk Romero is, and always will be. And getting stronker every day. |
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Thing that bothers me is that coinmarketcap one day adds Bithumb and next day removes it so I dont even know when some coin had ATH for real. Well I could see, but takes more calculating This is one of the best sites for looking at historical data including ATH: https://onchainfx.com |
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Countries that have any kind of foreign exchange controls will have no choice but to ban or severely restrict crypto currency trading. This is what happened in China and now in South Korea. Iceland also has very strict rules. Foreign exchange controls are frowned upon by the WTO; however some countries find legal loopholes around this. Monero and Bitcoin have a way of exposing these legal games through otherwise unexplained arbitrage spreads as is currently the case in South Korea. I suggest that foreign exchange controls as opposed to taxation or controlling speculation as the real reason behind the South Korean government move; however I doubt very much that the South Korean government will admit this. Interesting take on the situation here: https://np.reddit.com/r/BitcoinMarkets/comments/7pls2r/megathread_korean_bans_crypto_episode_3/dsi8id8/ |
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I still don't understand how Korea can be so completely out of whack with the rest of the market.
Korea has always topped our lists of places ripe for the first breakouts of hyper-bitcoinification. SK is basically one giant ethnically homogeneous mega-city, so there is less friction when a new movement starts to spread.
SK is also the most high-IQ and bandwidth saturated society on earth, which further lowers the barriers to a full-scale crypto economy pivot.
South Korean have seen Japan suffer for decades from inflation and Abenomics, so they know central banking is a tool of the Western powers' petrodollar hegemony.It's fascinating to watch the chaebol-driven Tiger Economy of SK adopt crypto from a position of strength and voluntary choice versus the desperation-driven adoption of chaotic low-IQ basket-case shitholes such as Venezuela and Zimbabwe. 'member this?  That reminds me, I nominate Korean to be next in line. Perfect demographic (save $, high tech, love new fads) for XMR.
I'd imagine the perfect demographic is a country with high GINI, very corrupt government/businesses, a lot of very rich people (possibly at the expense of even more poor people), high taxes, unstable government. You mean like Ukraine, Venezuela, and Argentina? They are more technophobic and less homogenous than Korea. The elites are a different ethnicity than the rabble and the culture is conservative. In such places Bitcoin and gold are better choices. XMR is much riskier and its appeal lies in the 'cool factor' far more appreciated by affluent SE Asian technophiles than peasant farmers, drug lords, and struggling middle classes. People in chaotic situations don't have the risk capital for lottery tickets like Monero. This will change as XMR beings to snowball, and in spectacular ways enable the defections which Bitcoin alone cannot. Great points. |
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I still don't understand how Korea can be so completely out of whack with the rest of the market.
Foreign exchange controls. Meaning? They can’t get their money out? Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly. https://en.wikipedia.org/wiki/Foreign_exchange_controlsStill, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.) Also it would seem to be self reinforcing. The fact that currency controls are so bad that there can exist an arbitrage like that is evidence that they should be willing to pay more in order to get out of that hot garbage. Just what I was looking for. Thanks. |
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I still don't understand how Korea can be so completely out of whack with the rest of the market.
Foreign exchange controls. Meaning? They can’t get their money out? Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly. https://en.wikipedia.org/wiki/Foreign_exchange_controlsStill, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.) |
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I still don't understand how Korea can be so completely out of whack with the rest of the market.
Foreign exchange controls. Meaning? They can’t get their money out? |
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I still don't understand how Korea can be so completely out of whack with the rest of the market.
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Thinking of buying more XMR since it looks like it's gonna dip (again). But I want a better deal this time rather than being careless about it. So I need some opinions, hopefully not biased... Should I buy on March when the scheduled hard fork could dip the price deeper or should I buy at the current range?
I'm thinking about waiting til March... But what do you guys think?
Has a HF ever resulted in a dip? I'm not sure, but I don't think it has. Monero HF's aren't to be confused with the fear and uncertainty that occurs over in BTC land. |
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Guys tonight at 8:00 ET is going to be the biggest spectacle of all COME WATCH HISTORY MADE !! https://discord.gg/WkGkacxDont be the one who missed out ! Fuck off. I'm having a crisis of confidence here. |
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Hello everyone,
I'm a long term holder and lurker on this thread.
I also got involved when Risto first mentioned it as a good investment. It looked like it was my chance after missing out on BTC.
Thanks to the people in this thread I've been holding all the way until last summer when a life circumstance meant I had to sell a single digit %.
It felt strange to sell but I have to remind myself to follow the simple saving plan also set out by Risto, to sell a % as it increases.
Like I said my hand was forced last summer but now I'm getting close to where I really should divest in case of some black swan event and I'm left with nothing.
Anyone else have mixed feelings about selling after holding for a long time.
I'm about there with you, all in Monero for several years. But people who talk about a lot and I think shit I have 3.5 times that I really have no exit strategy exactly. I think that's the worry. I'm the same. I bought in at .43c and have held ever since. I think a big part of the problem is greed - whatever price it is is never enough. I always want more - how crazy is that? The fact is - and my wife and I were talking about just this last night - I could sell everything now and live very comfortably for the rest of my life. I'd never be able to buy a penthouse apartment in NYC, but so what? But I'm scared that I would't be able to forgive myself if the price went crazy. I wonder if those people who sold BTC at $400 regretted doing so even though they were comfortably off? But the other side of the coin is that I'm not sure I want to deal with the swings in price, the trolls and the competition from the shit coins anymore. It's wearying, it's mood-altering, and I'm beginning to wonder if it's worth it. I'm getting on - how much money do I need? Do any of us need? |
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Any one has got an idea of the current wealth distribution of Monero. Obviously there's no richlist but maybe someone can weigh in on the current distribution.
What qualifies as a whale? How many people do you estimate holds at least 1 XMR?
I think Febo made some kind of fish/mammal chart some months ago. I forget what 1 XMR was designated as - a minnow, perhaps? |
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Now that I have your attention, Mr. Mnemonic, I demand a forecast! Nothing less than your best, if you will. It's too early to call. If we've already seen the top of the cycle, then I'd assume the price will continue to tease us but will eventually drop to the $230 dollar range and linger there for way too long. Then the trolls will come out and tell us how stupid we are and that the project is doomed. Then the price will shoot up to $1250 in late February. However, if we haven't yet seen the top of this cycle, then all bets are off. As I said, it's just too early to call right now. Also, please don't risk any money on anything I say. I'm just drawing lines here! It's all for fun. Thank you. No, no - no guarantees inferred, no promises made, no risks undertaken. I bought my last Monero in June 2016 and I'm a holder until the day I'm not. I do believe, though, that we will see $500 before we see anything approaching $230 again. |
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You know I am actually surprised monero hasn't risen as much as other privacy based coins. At least monero is consistently used. It did have a price jump but other altcoins have had a much larger increase. Maybe this means Monero needs more development. It is absolutely phenomenal when it comes to adoption (and lets face it, that's the hard part).
It's hardly a question of development. Verge, for example, is a barely-developed bauble, yet look at what's happened to the price. The market, these days, doesn't care about development, long-term value, or principled beginnings. It only cares about pumping anything that breathes. |
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Now that I have your attention, Mr. Mnemonic, I demand a forecast! Nothing less than your best, if you will. |
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