Most active accounts that have been around and active since 2010 and 2011 probably have made a million or two from Bitcoin.

It seems like the rise of the past few weeks has run out of steam, I wonder if we'll slowly bottom out ready for another rise in a month or two?

Is there a reason for the current growth in price?

I'm not so sure, isn't SuperNET using the various coins as features apart of the network? For example BBR will be the anonymous layer, etc...

I am not advocating that at all, I'm advocating for a truly coin agnostic platform that only uses Crypto Currencies as a method of barter/payment and nothing more.

I think I said this a while ago, at one point (way before Monero) I was very optimistic about generation 2 coins, coins that could run applications and such.
After following the developments of MaidSafe, Ripple, Ethereum for a while the idea turned a little sour in my mind, and this was still before Monero was on the scene.

The reason for sour flour? Imagine the internet was bound so that each TCP transaction was tied eternally into dollars?
Yep, it all kind of fell apart from that point onwards, in my mind.

I felt that the solution wasn't in tying a currency into such a platform, the solution was a generation 2 platform that would be coin agnostic.
The ideal platform would be more open and fluid, accepting any number of currencies to run it's underlying system, some of these apps might not even need to be tied into crypto currency at all.

One of my beliefs is that over a long enough time span, almost all systems will become open. I believe the same will happen for these platforms. Ethereum might be open source, but it's still a closed eco system for the applications running on top. The fuel is a single coin that can never change.

Once I convinced myself that the true generation 2 platforms would eventually run on top of any currency (using perhaps some type of API?) I started looking for a new coin, one that can compliment my Bitcoin investments. I found Zerocoin and waited for it, but as more information came out, about the trust issues with the initial accumulator state, I moved on from that idea.

I waited and waited and then Monero came along. A fresh idea, a coin that wasn't tacking on Gen 2 crap, closed eco systems, and a coin that offered anonymity now with a growing development team.

So I started investing with my fingers crossed.

It was a while after that you announced that you too were interested in Monero, and having knew who you were beforehand really helped back up my decision.

Perhaps Monero will be my saving grace, that future platforms will run on top of it and others, with Monero leading the way as the true cash of the internet.

Who knows.

Separate church and state.
Separate coin and platform.

:p

Wait. Wouldn't that cause the price to crash?

Any reason for the price increase?

Thanks Bizmark13.

I wonder if Dooglus will ever sell the site code or release the entire betting database from the bitcoin site?
I would love to have a torrent of every roll. So much history there.

Dooglus, why did you choose CLAM's?

What are the implications of this? Could we use this research to make Monero more efficient?

Is this really news? I recall several thousand tx being in the queue as the norm for Bitcoin.
In addition, all my transactions with the proper fee have been accepted as per normal.

I think if we start to see 10,000 unconfirmed fee paying tx then we might need to raise the alarm.

Like someone's earlier calculations in this thread suggest, the average fee of the unconfirmed tx in queue is really low.

I'm not sure about this...

I think that most people are holding because they have already incurred massive losses and are waiting patiently until the price rises to a break even point.
It's at that point most holders will sell, stop stressing and move on with their lives.

The side effect here is that, we have hundreds of thousands of people with their sell price, and until the market absorbs this, it will not continue to new highs.

Unfortunately, I think that this is creating far too much downward pressure that will simply ruin Bitcoin.

Cryptocurrency will probably prevail, but I am not sure that it will be Bitcoin leading the way.
The coin that will lead the way simply doesn't exist yet.

Negative.

Ken constantly lied to us. For months he made no progress whilst lying to us.

I'm in the process of starting up a startup and if it fails that is ok, on certain conditions!
One of these conditions is that we do the best for the company we start and we do the best we can with the money invested.

That means that we tell the truth even if it's ugly. If folding the company and returning x% of the money is the best option because our idea failed, then so be it.

We can pivot if we know what we are doing and our investors agree with the information we provide.
Once you lie to your investors you are a scammer.

This is the crucial difference that you're not really understanding very well.

Ken's idea failed, and instead of admitting defeat he somehow lost the rest of the money whilst doing nothing for months on end, whilst lying to us.
In fact, I recall that Ken said that we were still with eASIC for a long time when that business partnership had ended long ago.

Ken deceived us and was rarely honest.

This wasn't another startup that failed, it was a web of lies.
If you lie to your investors you become a scammer.

It's actually quite simple and I am concerned you cannot understand this basic logic.

If you don't have enough knowledge, then spend some time to learn and gain the knowledge.
Trust me, Bitcoin and the Alts are the easiest way to lose vast sums of money if you're not careful.

Educate yourself first and purchase coins second.

Any reason for the price increase today?

Isn't mining only for companies that can construct ASIC's now, and even then most of them fail.

What are your price predictions for Monero for the next 6 months?

It has been very disheartening to see it fall so low.

I'm surprised no one mentioned Monero.
Has the community fallen out of favour with this one?

Ken should have returned all the investors money the moment the eASIC deal fell through.
Ken did not know what he was talking about, he constantly got basic Bitcoin terminology confused and lied to us about the progress he was making.

If he had said after eASIC, sorry guys, I screwed up, here is some of your money back. Then he could have been forgiven. Bad business.

The fact is, he screwed up and just kept on going with it.

If he had given us back even 30% of our investment before the price spike, many of us would have been in profit.

I may not be remembering correctly, but we found out that the eASIC deal died before the price increase. I could be wrong.

I would have thought that Monero would appreciate against Bitcoin in times like these.